Charity number: 203142
THE DOLPHIN SOCIETY
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE DOLPHIN SOCIETY
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| President's statement | 2 |
| Trustees' Report | 3 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 15 |
THE DOLPHIN SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Trustees | John Hollingdale |
|---|---|
| David Pople | |
| Joyshri Sarangi (resigned 29 November 2023) | |
| John Davies | |
| Helen Elizabeth Moss OBE | |
| Edward Corrigan (resigned 4 December 2024) | |
| Paul Brown | |
| Jane Elizabeth Palmer | |
| Michael Beesley (appointed 4 September 2024) | |
| Charity registered number 203142 Registered office c/o Evelyn Partners Portwall Place Portwall Lane Bristol BS1 6NA Administrator Sean Hollinswaite Bramford House 23 Westfield Park Clifton Bristol BS6 6LT Independent Examiner Bishop Fleming LLP Chartered Accountants 10 Temple Back Redcliffe Bristol BS1 6FL Bankers National Westminster Bank Plc Bristol City Office South West RCSC 740 Waterside Drive Aztec West Bristol BS99 5BD Metro Bank One Southampton Row London WC1B 5HA Investment Advisors Evelyn Partners Investment Management Portwall Place Portwall Lane Bristol BS1 6NA |
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THE DOLPHIN SOCIETY
PRESIDENT'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The President presents his statement for the year.
It has been an honour to be President in the 275[th] Year of the Dolphin Society. I started the year full of trepidation, not wanting to let down those in the community we support and members with a passion for our heritage; while also keen to extend our reach by securing funding for current and future projects. An old mentor used to preach that money gives you choices and never neglect your past while looking to the future. With this in mind, Sean Hollinswaite and I worked to build on the foundations of my predecessors and the consistent delivery our Society has achieved over recent centuries.
The last year’s achievements would not have been possible without the support of the Management Committee who gave their time so freely, and the membership who attended the AGM with a passion for the Society that was inspiring.
The support of our donors of all sizes, old and new, is what secures the future of the Dolphin Society. Engaging with a number of them throughout the year, sharing the aspirations for “seed philanthropy” and delivered projects has, I believe, been the reason our 275[th] year has been a success in building reserves to deliver projects and driving an ambition for greater impact over the years ahead.
These accounts and the appeal that follows them are testament to the fact that the Society is as relevant today as it was to our founders. We have garnered support from previously untapped quarters and appealed to philanthropists of all ages as individuals and those working in trusts.
During the year we have continued to support our legacy projects while exploring and funding new initiatives. The continuity of leadership we have attracted will undoubtedly drive the Dolphin Society with gusto into the next phase of positive impact for the older people living independently in Bristol and beyond.
I will be forever grateful for the support of the Management Committee, our donors and particularly Sean Hollinswaite whose help to keep the presidency and Society on track was invaluable; Thank you all.
Paul W Brown President 2023/2024 Date: 12 March 2025
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THE DOLPHIN SOCIETY
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report and financial statements of the Charity for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Objectives and activities
Main activities undertaken to further the charity's purposes for the public benefit
The objects of the Society are to apply the income and capital of the Charity for the following charitable purposes:
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(a) The relief of elderly or disabled persons who are resident in Bristol and its adjoining local authority areas and who are in need, hardship or distress to maintain a high quality of life and independence by such means as are appropriate, including assisting and supporting them to live in their own homes;
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(b) The provision of support for the elderly and disabled in need, hardship or distress in such other charitable ways as shall be proposed by the President for the time being in any appeal made on behalf of the Society.
The Society has complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to public benefit in carrying out the above objectives by:
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(a) providing or paying for goods, services or facilities, for example provision of pendant alarms to older and disabled people in financial need; and
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(b) making grants of money to other persons or bodies who provide goods, services or facilities to those in need, for example funding WE Care & Repair to provide adaptations to the homes of older and disabled people in financial need.
Achievements and performance
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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THE DOLPHIN SOCIETY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
b. Financial review
Donations received during the year, together with Gift Aid repayments amounted to £158,811 (2023: £102,032).
Investment income for the year totalled £3,137 (2023: £3,513).
Direct charitable expenditure amounted to £98,571 (2023: £106,615).
Support costs of the Annual Appeal and of administration were £23,842 (2023: £27,566).
The surplus for the year after unrealised gains on investments was £46,635 (2023: deficit of £25,641).
The unrestricted funds at the year end were £132,540 (2023: £85,905).
The Society had a very successful year’s fundraising which has increased our surplus funds over and above our planned designated reserve to £62,540. The Society continues to have a deliberate policy of increasing its charitable expenditure to utilise its surplus reserves. Given the success of this year, more projects can now be supported to enable us to use these funds to meet our charitable objectives. The planned designated reserves at the end of this year were £70,000 (2023: £70,000).
The result for the year was a surplus £39,015 before adding the unplanned unrealised gains on investments of £7,620 producing an overall surplus of £46,635 (2023: deficit of £25,641). This increased unrestricted reserves to £132,540 (2023: £85,905).
c. Reserves policy
The Society is working towards reducing its Reserves to its agreed level of approximately £70,000 and its future policy will be to match its charitable expenditure and overheads to its annual income.
Structure, governance and management
a. Constitution
The Dolphin Society is a registered Charity which was established in 1749. The Charity works to enable the elderly to live independently and with peace of mind in their own homes, which is a continuing and growing need. These accounts incorporate the activities of the Edith Gardner Charity, L B Welchman and Emma Howell Trusts.
Members (in addition to Trustees)
Mimi Avery Laura Marshall Roger Baird (died 11 May 2024) Dayrell McArthur Keith Bonham MBE (died 28 January 2025) Bob McKinlay Hon. Vere Boscawen Vanessa Moon Robert Bourns DL Alfred Morris CBE Denis Burn Jos Moule Giles Clarke Stephen Parsons MBE, DL Edward Corrigan Mary Prior CVO MBE, DStJ Chris Curling DL Tim Pyper Andrew Densham CBE Tim Ross Fiona Densham Joyshri Sarangi Martin Flook Trevor Smallwood OBE Sandie Foxall-Smith Roger Smedley MBE Tony Heaford Frank Smith Michael Hill MBE Sir James Tidmarsh KCVO, MBE Mike Lea
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THE DOLPHIN SOCIETY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Structure, governance and management (CONTINUED)
b. Management
The Trustees formulate the broad strategy and areas of activity for the Society, following consultation with the Members. New members are appointed by the continuing Members. The day to day administration is delegated to an Administrator.
c. Risk management
The Trustees have considered the major risks to which the Charity is exposed and have taken appropriate measures to mitigate those risks.
Independent examiner
The Trustees have decided that under the terms of Section 144 of the Charities Act 2011 (The Act) the Society was not obliged to submit its accounts for audit and further that an independent examination of the accounts would satisfy the requirements of the Act. Joseph Scaife DChA, FCA of Bishop Fleming LLP was appointed Independent Examiner.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Paul Brown (Trustee) Date: 12 March 2025
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THE DOLPHIN SOCIETY
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DOLPHIN SOCIETY ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30 September 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 27 March 2025
Joseph Scaife DChA FCA
Page 6
THE DOLPHIN SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Income from: Grants and donations 3 Investments 4 Total income Expenditure on: Investment management costs 5 Charitable activities 6 Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 158,811 3,137 161,948 520 122,413 122,933 39,015 7,620 46,635 85,905 46,635 132,540 |
Total funds 2024 £ 158,811 3,137 161,948 520 122,413 122,933 39,015 7,620 46,635 85,905 46,635 132,540 |
Total funds 2023 £ 102,032 3,513 105,545 757 134,181 134,938 (29,393) 3,752 (25,641) 111,546 (25,641) 85,905 |
|---|---|---|---|
The notes on pages 9 to 15 form part of these financial statements.
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THE DOLPHIN SOCIETY
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| Note Fixed assets Investments 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 NET CURRENT ASSETS Total net assets Charity funds Unrestricted funds 10 Total funds |
79,922 79,922 (17,030) |
2024 £ 69,648 69,648 62,892 132,540 132,540 132,540 |
20,637 20,637 (20,659) |
2023 £ 85,927 85,927 (22) 85,905 85,905 85,905 |
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Paul Brown (Trustee)
John Hollingdale (Hon. Treasurer)
Date: 12 March 2025
The notes on pages 9 to 15 form part of these financial statements.
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. GENERAL INFORMATION
The Dolphin Society is an unincorporated Charity and is registered at the Charity Commission in England and Wales. The principal office is care of Evelyn Partners, Portwall Place, Portwall Lane, Bristol, BS1 6NA.
2. ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Dolphin Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 GOING CONCERN
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
2.3 INCOME
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. ACCOUNTING POLICIES (continued)
2.5 INVESTMENTS
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.6 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.7 FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. INCOME FROM GRANTS AND DONATIONS
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Donations | 158,811 | 158,811 | 102,032 |
| 4. INVESTMENT INCOME Unrestricted funds 2024 £ Investment income 3,137 5. INVESTMENT MANAGEMENT COSTS Unrestricted funds 2024 £ Investment management fees 520 6. ANALYSIS OF EXPENDITURE BY ACTIVITIES |
Total funds 2024 £ 3,137 Total funds 2024 £ 520 |
Total funds 2023 £ 3,513 |
|---|---|---|
| Total funds 2023 £ 757 |
||
| Direct costs TOTAL 2023 |
Activities undertaken directly 2024 £ 98,571 106,615 |
Support costs 2024 £ 23,842 27,566 |
Total funds 2024 £ 122,413 134,181 |
Total funds 2023 £ 134,181 |
|---|---|---|---|---|
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF DIRECT COSTS
| Pendant alarms and telecare monitoring (see note below) Grants payable to WE Care & Repair - Independent Living Fund Housing Options Age UK Advice Hubs (Bristol and South Glos.) North Bristol Advice Centre Marmalade Trust Somali Resource Centre St Monica's Trust - Friends Ageing Better Trinity Lunch Club |
Activities 2024 £ 14,403 37,500 10,500 15,000 10,000 6,000 - 3,368 1,800 98,571 |
Total funds 2024 £ 14,403 37,500 10,500 15,000 10,000 6,000 - 3,368 1,800 98,571 |
Total funds 2023 £ (360) 47,500 21,475 15,000 10,000 5,000 8,000 - - |
|---|---|---|---|
| 106,615 |
In the previous year Bristol City Council took on many of our pendant clients and purchased from us our stock of digital equipment at a value of £15,906. This resulted in a small surplus on the overall provision of this service in the previous year.
ANALYSIS OF SUPPORT COSTS
| Phone, printing, postage, rent and stationery Appeal costs and brochure Website and computer costs Annual Dinner (guests of the Society) Administration fees Independent examiner's fee Bank charges Travel expenses |
Activities 2024 £ 366 352 190 858 18,764 2,620 147 545 23,842 |
Total funds 2024 £ 366 352 190 858 18,764 2,620 147 545 23,842 |
Total funds 2023 £ 1,229 443 3,082 1,337 18,143 2,560 186 586 |
|---|---|---|---|
| 27,566 |
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. TRUSTEES' REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL).
8. FIXED ASSET INVESTMENTS
| COST OR VALUATION At 1 October 2023 Additions Disposals Revaluations AT 30 SEPTEMBER 2024 NET BOOK VALUE AT 30 SEPTEMBER 2024 AT 30 SEPTEMBER 2023 |
Listed investments £ 85,927 60,438 (77,906) 1,189 |
|---|---|
| 69,648 | |
| 69,648 | |
| 85,927 |
All the fixed asset investments are listed investments and held in the UK.
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income Resources deferred during the year |
2024 £ 17,030 2024 £ 5,768 |
2023 £ 20,659 2023 £ - |
|---|---|---|
The above deferred income relates to amounts received in advance for the Annual Dinner
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. STATEMENT OF FUNDS
| STATEMENT OF FUNDS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FUNDS | - CURRENT YEAR Balance at 1 October 2023 £ Income £ Expenditure £ 70,000 - - 15,905 161,948 (122,933) 85,905 161,948 (122,933) - PRIOR YEAR Balance at 1 October 2022 £ Income £ Expenditure £ Transfers in/out £ 100,000 - - (30,000) 11,546 121,451 (150,844) 30,000 111,546 121,451 (150,844) - |
Gains/ (Losses) £ - 7,620 7,620 Gains/ (Losses) £ - 3,752 3,752 |
Balance at 30 September 2024 £ 70,000 62,540 132,540 Balance at 30 September 2023 £ 70,000 15,905 85,905 |
||||||
| UNRESTRICTED FUNDS | |||||||||
| DESIGNATED FUNDS Designated Funds GENERAL FUNDS General Funds TOTAL UNRESTRICTED FUNDS |
|||||||||
| STATEMENT OF FUNDS | |||||||||
| UNRESTRICTED FUNDS DESIGNATED FUNDS Designated Funds GENERAL FUNDS General Funds TOTAL UNRESTRICTED FUNDS |
Balance at 1 October 2022 £ 100,000 11,546 111,546 |
||||||||
| (150,844) (150,844) |
30,000 - |
3,752 3,752 |
|||||||
The Trustees have designated £70,000 as detailed in the reserves policy in the Trustees' Report.
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THE DOLPHIN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
11. RELATED PARTY TRANSACTIONS
The Dolphin Society received aggregate donations of £4,275 (2023 - £4,350) from Trustees.
John Davies, a Trustee of The Dolphin Society, is also an LLP member of Evelyn Partners Investment Management LLP, who manage the investment portfolio of The Dolphin Society.
During the year, a creditor provision of £nil (2023 - £3,063) was made for website design and implementation costs payable to a company under significant control of the brother of Edward Corrigan, a Trustee of The Dolphin Society.
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