W.E. DUNN CHAIUTABLE TRUST FINAcIAL STATENfFNTS YEAR ENDED 31 MARCH 202S ChArlty number 219418
W.E. DUTr4N CHARrrABLE TRUST REPORT OF THE TRUSTEES for the year eded 31 March 2025 The Tru5tecs pr¢8¢nt their Rwrt for the year eDdd 31 March 2025. The Ttee8 hai'e adopted the provisions of the St8tetll¢nt of Recommend Practice ISORP)'Aeeounting and Rep)niog by Chotitieg, IFRS 102) in preparing the annual report and fanCial sthtements of the Charity. The finattciel statements have been prepared in accordance with the accounting ptslicies set out in Doles to the accounis And cornplv with the Clwity'f governing documen4 the Charities Act 2011 at Aeeoullting and Reporting by Chariiies.. Staiement of Rotllendl Practice applicabk to charities preparing their accoullts in accordance with the Trinancial Reporting Standard applicable in the UK and Rcpubbc of Ireland published on 16 July 2014. Reference and Adminljtratli'e Inforniatlo The TnLqI is regi8ler¢d with the Charity Conllni&8ion. re8tstr&¢iou Dumber 219418. Tbe Tru.81 has beeTJ aceeptcd 85 a Chariiy by H M Revenue and Cusioms and Nuch its in¢ome and capital 8aiDs at¢ ¢xempt from thxalAOn. Trustees The I'rustees who s¢rvcd during ihe year wer¢: David J Corney - CELairnwi L¢ita11 Smethur81 Ra¢hel J Itardy Alan H Smith The day to day admi18all0rt of Tn]st is wried out by Mrs Mary Touhy. Shc is the TTh.81's one employee. and is emplo>'ed on a par¢ time basis. She AcL4 Secretary to the Tru51ecs and to the Grants Su1coMMI[< and is TesFrf)nsible for all grant appliialion5 and procl8]ng of all a¢¢ounting records. She may be contacted at Nts.30 El¥ntley Heath co(8c5. Tilchou8e Green Lane. Knowle, SolihulL West midlan B93 9EL, which is offi¢ia] address olibe TnJsL Independent ExAminer The'l'wstees haTr'e detem)ined th&1 an ind¢petthnt examination of the TTUSt'8 finan¢ia] ststement8 is required this year attd have appointed Shona Cuilei Bsc (Hony), FCA TEP of Shona Cutler Limited Chartered Accounrants. Grov¢ Fa Bungalow, Lineomb. Stourport on Sevem, Wor¢¢6tershire, DY13 9RB. Other Advisers The Tru5tces operate a bank account with Lloyd5 Bajjk PIC of Units 2 & 3 C&xton Gate. 36138 New Strect, Birniingham B2 4LP Legal advi8ers to the TThLSt4 arc DWF Li2 Solicitors of One Snowbill, Snow Hill QueeiLSWE4y Bxnllinghk, B4 6GA. StTUCtur4 GovernAllee and magement Goyernlng Dorument The TnESt was created by a Deed of Sett]ement dated 28 July 1958 by William E(h Dunn. The Tnjst colltinu¢s to be governed by tl)is DectL
W.E. DUNN CHARrrABLK TRUST REPORT OF THE TRUSTEES Cor the year ended 31 laTCh Z025 (continued) Coverning Document {contitiued) The Tntte5 are ejllpowered to bold tbe Tnl Fund and the ill¢ome therwf for the benefit of such charitable instiNUOllS or objects as tbe TnLStees iti their ab501ute discretion sele¢L RecrMltmeDt and AppoiDtsnent of 'l'rus¢ees Thcrc are no provisions th the TNst Deed in respect of the numberof Trustees ¢xc¢pt th&t there is wwer for a sole Trustee io aci, subject to any express 81atulory provision to the contrary. The existing Tru5*¢5 have power to appoint new Truytets. Thcre i8 no requjremeni for auy Tru5tr¢ to retire seek re-appointment. Th¢re att pr¢sently four Tnree8 and changes occur infrequentiy.'fhe present TnJs¢¢&8 are members of the local conimunily who arc in gympathy with the aim8 of the Trust. The TnLStees are local people of expenence iniegrity who in their differ¢ttr wayg add w the t$3 activities. Prospective Truste¢8 invired to tneei fellow Ttusttts and the administrator and observe th¢ various meeiingy in which they u'ill b¢ involved. They are provided with copics of the Trust Deed and other ittfojillalion relating to the aims and adniinisiratioa of th¢ TTUSt. They also mttt those respon8ible for invest]nent and accountin8 de¢i$ions. They are made aware of the ttme they should expecl to spend working for th¢ Tw$1 and the responsibilities thai Trusteeship involves. They become signatorie8 of the bAryk accounts and when all the fomialitie8 are complete they are welcomed &8 fijlly workiog Tntee8. Rffi$k Min4%¢menl The TNstees hav¢ r¢vicw¢d th¢ risks 10 ivhich the Trnst is exp08ed. They cunyider that the only major risk is the p055ibility of a lois of capital &$ a result of a failuTe properly to control the invsslments of the TrusL Syytems hove been ¢slablished to miu8ate this ond Odr tisks. OrgaDllatlonal Structure All Inali¢ of policy and management of the Trust are d¢tem)ined by the Trustees at th¢ir regular meetings, w'hicb currently takc place four time8 each year. The Trustees have appointed & Grants Sub-committ¢e with a quoNm ofnvo persons con81Sting of one or more of their rtumber tog¢ther with the Secretary to the Trnstees.'fhis sub-committee bas beeu given the power to approve granls within ¢ertHit) specifled lunil8. 1.he sub-commi1 meets Iveckly, or requiTe(L and rewrts its activities and a Summary of its decisions to the full body of Trustees d( eaGh Trustees, meeting. The present members of the sUb-comIttcc are Mrs Smethur81 and Mr Smid4 and Mary Touhy who acts as Secretary to th¢ sub-committee. Each of the other T1 attend the meetin85 of the Grattts CommiUe¢ on a roth basis when availabl¢. Th¢ TnLSt¢es bave appointed an Investment su1coltte¢ of two of their nurnber. This sub-coty1¢e has been givet) the responsibility for advising the Trustees on all aspects of investhieni policy and monitoring the work of the InYe8tJnent Mana8crs. Canaccord Genuity, oppTrinted by the TrustetS. It has been given the power to 8ive illstructioDS to ¢he InvestDLent bianager8 withitk the Tru8tee8' overall investmentpolicy. Ii 15 the current p)IA¢y of this sub-co]nmitte6 to meet wlLell necessary but at least twice each year. It is required io report its activities 1(> th¢ flall body of TTUStees ai each Trusiecs, eeting. The prcsent memlxrs of this sulKommitt¢e ar¢ Mr David Corney and AiatL Smith.
W.E. DUf*N CHARrrABLE TRUST REPORT OF THE TRUSTEES for the year ended 31 March 2025 (continue Objeetive5 It is the aim of th¢ Trustees, both prc5ent]y amd An tbe fuwre, to nMximize the inwme, ¢onsistent with the wish to rnaintsin the real va]ue of the pennaneni elldowment of the Trusi in order lo grant as much &q possible. 48 quickly &4 praGti¢abl¢, lo charitable Institutio or to nlY individuals. The Trustec3 have referred to tbe guidance conth1n in the Clwity Comtniuion's general guidance OD public b¢n¢fil when rel'iewing the Charit)Is aitns alld objeeti%'es and planning fijture activits&s. tn parri¢Ldar. the TNstees have ¢on$ered how planned activitits will contribute to the aims and obje¢tive4 seL Grant MBklnE Policy It is the policy of the Tru8¢Ks at the first rntttillg of Trust¢es in each fmancial year deterniine how much is to be av&ilable for thc making of grants. In making thi.8 decision (b¢ Trus¢tts follow their re9erves policy which is lo restrict the reiention of its r¢s¢rv¢s to thc iotsl of la) 8rants already approved bu¢ not paid Lmtil ccrtain spttir c4mdi¢ions have been met and (b) a workfft8 capital Tequirement not exceeding thc budgeted pport a[ governance expefts of the Trn81 for the year. The amoun¢ held 4131 March 2025 did not excttd this l¢v¢l. The Grants SUcoMmIttee is ejnpowered ¢0 approve 2nd rnake grants thtDughout the ye8r up to the limii so red. Other grjnts lo insriwtiOll8 wlll be m8d¢ by th¢ TnL8lees at their quarterly meetin8 UP ty the limits fix Aehlevements, Performance And Fiu•N¢knl Revftw The fmatwial stalcmcnts for the year di8close the dethiL8 of the financial transacuons. It will b¢ seen that after distribution.s and SUPkK>n and BoiternAnc¢ expense5, rhere was a Surplus ol incom¢ of £9,!?9 (2014 dcficit of income ot £12,642).'1-li¢ undistributed ittcome ai 31 Mar¢h 2025 amountsd to £22.864 (2024.. £13.635). Duiing the year a105s of £54,79012024.' a loss of £157,306) was rea]ised on investments wld ond Iher¢ was an incrEasc of £53 ?42 (20ry4.' increase of £438.626) in the market value of investni¢nl$ held al 31 March 2025. The TrtLStecs 4re of the opillion that Ihc Balance Sheet dclose9 fund8 dequate for the purpose of lf11bA8 the Obligatio of the TrusL Note 2 to the fllwlc1 statement$ PTovides fvrtberdetail on the gr(3 awardcd by the Tru81. Durtng the year, tlie Trust made 228 grants indii'iduals totalling £55,190 {2024.. 335 grants toijlling £69,730) and madc 158 grants to it1SÉltIons totalling £151.1)00 (2024.. 162 gran¢s tothlling £147,750). tnvestment Pojicy The Trust Deed impose8 no restrictions on the inve8tmeDt wwers of the Tnwe¢$. The Trnstees have apprDved invGslnieDt wTrlicy that reqlli the prluCtiO of an adequate income return C0tt515tent with a requinment io nIntain the real value of ib¢ pIts1 of the TTr1 usiti8 a Mediu risk ¢riteri& The level of riyk reflects the 8sg¢t allo¢ation used within the overall portfolio and not the risk attached to each individual investment. The Ttustees opernte an thical investmentpoh'cy alld do not iiivesi in any company wllich is involved An gamblillg, tobacco prrMlu¢tion or distribution of pornogrdphy. The TnLSte& have appointed Canatcord Gelluiiy Weal¢h Managemenl Slip How, Princes Drive, Worcesier, WRI 2AB to acl as frAve8tment M#naget5 to the Trustees on a disff¢tionory basis.
W.E. DUNN CHARrrABLE TRL'ST REPORT OF THE TRUSTEES for the yethr tnded 31 March 2025 {conttnued) Re5erve8 Pollcy The reserves policy 18 to restrict the retelltion of [eS ty the total of (a) graois already approved but not paid until certaill sp¢cific ¢onditsons have been m¢t, of which th¢r¢ was one this year of £5,000 (2024: non¢) and (b) a working capit&l requiremtht no¢ exc¢¢ding thc budgeted support and 8ovcrnallce expenses of the tnl for the year. which in this year aTuount¢d to £22,713 (2024.. £21,491). The anLOUttL held at 31 March 2025 of £22.864 did not ex¢eed this level. Plan8 for Future Perlods The Trustces plan to continue their policy of rnaximising the Tht'S income with a view to at least mainthiniTJg the level of grants awarded. Stitement of Trusteu, Re8ponslbllltlu for the flnMDelal 5tateJnents The Trn$te¢8 are responsible for prcparing the Truslee8' Report and the fmancial 5taiements in &¢¢ordan¢¢ with 8ppli¢abl¢ law alld L'ni*d Kitigdom AccountirAg Standards (United Kingdom Gen¢rnUy Accepted Accounting Practice). The law 4ppli¢obl¢ to Charities in England & Wa1&8 require6 the Tnste¢s to prepare financial siatem¢nts for each fmancial year which give a and fair view of the stste of the Tw$i's atrairs 4nd of the In1 rewurces of the Trus¢ for that penod. In preparing these finattciAI Statements. the Tntstees ate required to: 14) 8el¢ct gJithble oUntin8 policie8 and Apply them ¢on81s¢erttl. (bl observe the methods and prits¢ipals in the Cbarities SORTr,. (¢1 mak¢ judgements and e8rimai¢s thai are reayonable and prndenE (d) state wlther appli¢8ble OUntIng s¢aDdaTd8 have been followed, 8ubjxt to any material dep8rnir¢s di8¢105¢d JDd explained in the financi41 $latem¢rAts' and (el prepare the financial 4tatcmcnts on J gotng concern bASiS unless it 18 considered inapproprialc to &UM¢ ¢hat the Tn( will coniinue. The TnL3te¢s are responsible for keeping proper aceounling rccor(Ls that dtsc105e with reasonabl¢ a¢curncy at any time the financ1 rrt)si(ion of the Trust enable theln to elLe that th¢ finaa¢ial slatements comply with thc Charities A¢¢ 201 I, tbe Charity (AGcowits and Reports) Regulation8 2008 and thc provi8lODS of the Trust Ike41 The Trustees Are also re8POll3ible for Safeguardi the a&qets of the Tru8t and for takn'ng reusonable Steps for th¢ PT¢v¢ntion and detection of ud and oth¢r irregulaTiti¢ Approved by the Trustees oll 2lld Ottober 2(125 slgned on thetr behalf by: D.J. CORI%EY
INDXPKNDEffi EXAMtP4ER'S REPORT TO THE TrUSTEES OF W.E. DtTr1Tr4 CIIARrrABLE TRUST I report on the financial statements of the Ch&rityfor the year ended 31 March 2025, which ore set out OrtpagG8 6 to 19. Respectlve respollslbllltles of Trustees Examiner The Charity8 Tn]stees are resEK)nsiknle for the preparation of the Financial 8ts¢ements. The Chariry's TnTStees consider that att audit is not r¢quyTed for thi8 year under s¢¢tion l44(2) of thc Clwities Aci 2011 (the 2011 Act) aud tbat all independent exomination ig needeiL It is my re8poosibiJity to: examine the financial st4t¢tll¢llts under section 145 of the 2011 A¢¢ to follow the procedures laid down iti th¢ geDerBI DireclioDs given by the Charity Commission under sxuon 145(5Mb) of the 2011 Act,. aud to slate whether porti¢tslar mAtrs have come to my attentio Basi8 of the Independent Examlner's Report My examination was carried out in a¢¢ordance with the general Direction5 given by the Chariry commi10. An txatnination includes a review of th¢ counting re¢ord8 kept by the Chariiy A compls0n of thc fuwicial 8tstementi with th05¢ records. li also includes considLYation of any Unusu itcm$ or di8elosur¢s in th¢ financial s(aiements and seekin8 explmation3 from you as TnJstee$ of any su¢h mattors. The procedures undcrtakcn do rtot provide all the evidence that would b¢ r¢quircd for aTr audit ond con8equ¢n¢ly no opinion is given as th whether the financial statement8 preseni a'true and fair Vie and the report is limited to those tnattLr¥ set out in rhe ststejneni below. Independent Examlner'$ stsm¢ttt In CODnection with my exomination. no matter has come to my attention: wILich give$ me rewnabk ¢avse ¢0 believe that in any n)Aterial respect the requirements to kc¢p ac¢ounling re[1 in accordance with tIon 130 of the the 2011 Act.. and lo prepare financial stslernents which accord wtth the accounting Te¢oTds and comply with the accounting requirements of the 2011 Act have It been or to which. in my coin10 attention 5bould be (lrnwn iA order enable proper unders¢andiag of the fLnanciai Sta*entS to re1. Shona Cutler Bse {Holl8), FCA TEP Shona Cutler Limited Grove Fann BLm8alow Lineomb st0urrt on S¢vem Worcestershire 13th Oc¢ober 2025 DY13 9RB
W.E. DUB4N CHARITABLE TRUST sTATELENT OF FtNANCiAL ACTIVITIES for the year ended 31 March 2025 Unrestrlrted Funds YeÈr to 31 TrIarch Z025 TotAI Period i 31 Marc 2024 Total lll¢ome Capltal INCOME FROM Investtnent income from: InYe8tments in hands of Ini'estsnent Man4ers Other investments 237,440 692 237.440 692 225,789 540 Tot41 Income 238,132 238,132 226,329 EXPF.YDITURE ON Cknilable activities Inoi¢s 2 & 3) 228,903 27,754 256.657 265,749 Tfj¢al Expendlture 228,IK13 27,754 256,657 265,749 Net TCome l (F,xpendllurt) before IDvestTn¢nt galn5 9,229 (27,7541 (18,525) (39,4201 G8lrAsl(Losses) on Investments Reali¥ed Unreaiised {54.790) (54.790) 53.242 (157,306) 438,626 (1.548) {1,548) 281,320 9,229 (29,302) (20,073) 241,900 Transfer betw¢¢n funds NET MOVEMEE4T IN FiJNDS 9.229 (?9J02} (20,073) 241,900 Total fmndy brougbt forward 13.635 5,959.698 5,973,333 5,731,433 Tot¥1 lund8 carried forwArd 22,864 5,930J96 5,953.2fA) 5,973,333 The statement of fmaocial activxties iticknd¢s all gains losses recognised in the year. All incoming resourcG8 and re80Urtes expended derive from continuing operati¢)ns. The notes on pagas 9 to 19 form part of these financial 5ta*ments.
W.E. DUNN CHARITABLE TRUST BALANCE SHEET at 31 March 2025 2025 2024 Fixed A&8ets Investments In the han(L8 of Inyestment Managers (Note O) Oth£r3 (Note 71 5,926,260 24,785 5,955,711 24,158 5,951,045 5,979.869 CUEnt Assets Debtors (Note 8) Bank baiances 13,890 4,958 13.890 4.958 Li&bilitie6'. Amoullts falling due within one year (Noie 9) 11,675 11,494 Net Current Ats l (Liabillu) 2.215 {6.536) Nel A880t8 5,953,260 5,973,333 Funds Unrestricted Capitsl Accumula*d income 5,930,396 22,864 5,959,698 13,635 Total Fund8 5,953,260 5,973,333 The notes on pages 9 to 19 folm PArt of these fjnancial 8tstements. The fjnancial 8tAtements on page9 6 to 19 were approved by the Trustees on 2t October 2025. D.J. CORNEY..-..-.....................................-.-..-..--..........-....-.-.......- L.H. SMETllURST..-........--.......-.-....----......--.--................................. R J y.................---.......--.-........-.-......---..--....--..... A H SMrrH...-...-......-.--.-.-....-..-...-....-...--........-......--.-..-..---...
W.E. DUNTrI CHARTIABLE TRUST STATE.IIENT OF CASHFLOW for the year ended JI March 2025 2025 2024 CASIIFLOWS FROhl OPERATING ACTIVITIES Nei moTr'eTnetLt in furlds ttti'estrnent (gain5)110&ses Decrease l (itierea8el in deb¢ord tncrease l {decreasel iti ereditors Le&5 investment income L¥¥¥ inter¢&t iu¢ome (20,073) 1.548 241,900 (281,320) 181 (238.1321 512 (226 J29) Net cash provlded by l {ustd In) operating ac11 {256A76) (265237) CLSHFLOWS FRO.M 1VEsTING AcfiviTIES Purchaqe of shares Proceed8 from sale of share8 LllV¢Stm¢TLt in¢ome Interest ineome Dwrcase I Ilncre&8e) in cosh held by Invesimellt Manager8 (243,7811 267,103 238,132 (1,112,078) 906,977 226,329 3,954 223.100 Net cash provldcd by l (ujed In) Investln% actlvltl¢$ 265.408 244,328 CIIAN(:F, If* CASII AYD C.ASII EQUIVALENTS IN THE REPORTING PLIUOD 8.932 (20,909) Cash and casb equiyalents at the begirtning of the reportin8 period 4,958 25,867 Cash and cisb equlvnlents al the end of the reporthi% perlod 13,890 4,958 ANALYSIS OF CASH AND CASII EQUIVALEIYTS Current account Short tern] dwsiiy 13,890 4,958 Total cgyh #nd e¥sh tqulY&lents 13,890 4,958
W.E. CHèlIUTABLE TRUST rOTES TO THF. FLYANCIAL STATEMENTS for the year ellded 31 MaTch 20254 l. SumrnAry ofsignificant o¢¢ounting Policies (#) Celltrat inforrnatlon And basls of preparndon Thc W E Dunn CbArilable TnL8t is An unincoor8ted charity registered in Englalld and Wal&8. The addre&s of the office is given ill the Tmstees Report on page l of these financial ststements. The Daiure of the charitys pritiGipal llctiviti¢s are the making of gran The charity consiituies a publi¢ benefi¢ enuty as dcfthed by FRS 102. The fthaueI statements have been prepured in a¢cordance with Accounting and Reporting by Charitics.. Statement orReco]n¢llded Pra¢ti¢e applicable to to eharities preparing their accounts in accordance with the Fimancial Reporting Stand8Jd applicable in the L'niled Kingdom and Rq)ublic of [relat IFRS 102) 188ued on 16 July 2014. Th¢ Clwi'ties A¢¢ 2011 UK Generally Aecepted Prariir¢ as it applies from l January 2015. The financial staletllellL4 h&v¢ be prepared to give a'true and fai vicw and have departed from thc ChaTicies {Accounts ond Rq)orts) Regulations 2008 only io the exteoi r¢quired to provide a Irue an<[ fair view,. This departure In1Ved followiog the Acwunting and Keportin8 by Chariiies.. Stsiement of Recommended Practice applicabl¢ io charities preporiug their accounts in Accordan¢e with the Fin8mbial Reporting Standard applicabl¢ in the UK and R¢publi¢ of Ireland11.RS I021 issued on 16 July ?014. Th¢ finataL statements are prepared oll a Boing concern basiq under the histori¢al cost Conveniiou, modified to includ¢ ¢enain iiems at tair value. Th¢ finI¢La1 4tatcments glre prepattd in stcrlin8 ithi¢h is the nctional and presentational CUTr¢n¢y of the chariry. The fan¢14] statements are rounded to th¢ ne4re5t pound. The 5ignifJcani &ccountiog policies applied IA the preparntion of these fmanciAI ststemenL4 are 5¢¢ ou¢ b¢low. These wlicies have be¢n con5iStently &pplied to all Ye45 prcsented Unl otherwise stsd. (bl Fund# Unre8tri¢ted fulld%' are SlIable for u8¢ the di[ello of the Iru(ees in furtheran¢e of thE gencrnl objectives ofthe clwity and which have not been designad for otlKr pUry)05. Restricted fvnds are funds which aTe to be used in accordance with 3p¢Gific resiriciions im5$ed by donors or which have been raisEd by the charity for p8rtiaLlar purposes. The cost of rnising and adminisÉerillg such funds are charged agaiTh8t the specific fijnd. The ¢lwity has no re8tricted funds. Endowment fiTnds represeot those &%sets which rnu8t be heldpennaJLently by the CILarity. The Charity has no endoTrinent funds.
W.E. DUL¥N CHARIT ABLE TRUST r4oTES TO TIIE FINAn4CLiL STATEMENTS for the year ended 31 Tr1arch 2025 (continued) (c) Ineome re¢ogtiition Atl incoming resources aTr iticluded in the Stathent of Fitwicial ActiNities (SOFA) whell the chariry is legally entitled to the in¢om¢ after ally perf0Mllet collditions have been JneL tbe amount ¢an be reliably and it is probable thai the inco]n¢ will be rKeived. Investracnt income is earned thrnugh holding for illvestrnent purpose8 such a8 Shar and propcrry. It includes dividend% in*rest and renL IlThere it is not pwti¢able to ideniify inveskneni management costs incurred within a scheme with &SOnable accurdry the investsneni itOMe is repOrtj nei of these costs. It is inLluded when th¢ amount can bc me&sured reliably. tnter¢81 incomc is recogniyed u5tng the elfe¢iive intert%t method ond dividend and rent income is recognised &s the charity's righ¢ io receive paymellt 19 uthbiL$h. (d) Expendlture recognltlon All cxpendiiure is a¢¢ounted for on an accruals basis And has b¢¢n ¢la8&ificd under the he8din88 that agwg8t¢ all wsts related to the cutegory. Exp¢nditurc 18 recognised wbere th¢r¢ is a1¢8al or con8tNcuve obligi1tion to make pairynenls to third partiL4 it ts probabl¢ that the settlcment will be r¢quired And the amount of the obligation can be measured reliably. It is caiegori8ed under the following headings.. - Expenditure on ¢haritable activities includds 8ranis aworded tO8eth¢r with the administrative ¢ost$ of operating the chariry. - Other ¢Ap¢ndi¢ur¢ repreSts those items tt failing into the ¢ategorieB Above. 8u¢h gov¢mance c4)8ts. Irrecoverable VAT i8 char8ed ?8 an expense against the acrivily for which expcndilure arose. (e) Support costs Support ¢osts ar¢ th08e tha¢ assist the work of the charity but do nol directly represent charitabl¢ &c¢ivities include remunttation and administrative payrolt ¢0sts and 01¢¢ wsL8. (D Governan¢¢ ¢osts Governance costs Include th08e eosts aw>ciated with meeting tbc constitytsonal and StalOry requiren)ents of the charity ond include independent examination fees and costs linked to the strategic monagement of th¢ ch&rity. io-
W.E. DUP4N CHARrrABLE TRUST NOTES TO THE FINANCIAL sTATEIENTs for the year ended 31 March 2025 (g) Investments IttvesttneDts are re¢ogni5ed tniti&lly at fair value which is nom)ally the trattIOn price excluding transacuon costs. Subsequently, they 8rc me&suted at fair value witb cbang¢s recogoised tD'net' g&iTJsI(losw) oll invesuncnts, in the SOFA if ttLe sbar&g are publicly traded or their fair V41u¢ can oih¢nvi8e be measured reliably. Other inve8Dnents atr measured at cost le$9 impairmenl. Current asset inv¢strnents are Short tern] hiohly liquid invesrments aud a h¢ld at fair value. These include ou deposit alld cash e4uivalcnts with matttrity Of1& than ¢)ne year. (h) A)eblors and credltor$ re¢elvable/payable withln oue yeAr Debtor8 und cr¢diioTS with DO Stated interesi rnte and re¢eivable or payable within one year ar¢ recorded at traosaction price. Any Ios8e8 ari8iog fro impatrnierti are recogryu4¢d in expendinwe. (l)T Th¢ ¢baTily is an exempt chariry within the meantn8 of schedule 3 of the Chariti¢$ A¢1 2011 and 14 considered (o the tests let oui in Paragraph I Schedule 6 Finwi¢e Ac¢ ?010 und therefore it meeLS the defthitiott of a harity tor UK co4x>rntion tLx putwse5. (J} Goln¥ concern Th¢ fitwi¢ial sthtements have been prq)ured on 4 Boing concern b88is &* the tru8tccq believe that no Inuterial uncertaintie8 ¢Xi$t. 'Ilie Iruste¢s have considered the level of funds held aiid the expeLted level of in¢otn¢ and expenditure for 12 month5 from authorising these fllwicial st8Ments. The budgeied income and expenditure is suffjcient with the level of reserves for the ¢haTi(>' to be able to continue a 8oin8 concern. (k) Fln4nclal InstrmentS The Charity only has financial ets and finuncial liabilities ofa kind that qualify basi¢ financial instnunents. B&sic fllwiciaj instruments are initially recognised a¢ transaction value and subseguently rneasunxi at thcir 8eidement value with the ex¢¢plion of bank loans which are subsequently m¢asur¢d al amoni5ed ¢08t usin8 the effective ititere8t method.
W.E. DUNN CHARrrABLK TRUST NOTES TO THE F]NANCIAL STATEMLNTS for the year ended 31 Marcb 2025 (C4)ntinued) 2. CHARrrABLE EXPEYDITURE 2025 2024 Gfants to indi*i¢knL8 Gronts to instilI0S 55.190 151.000 69.730 147,750 206.190 217,480 Support costs Secretary's remuneration Payroll maintenance cosL8 Telephtsu¢, poslag¢, Sratsonery and sundry 12.978 88 1.846 12.051 84 1,881 14,912 7.801 14,016 7.475 Other Governance costs (see Not¢ 3) 22,713 21.491 228,903 238,971 During the year grants to Individ18 have been made as follow¥.' 2025 TO1 Number 2024 Total Number Clotliiug and fvrniture Convale5ccn¢e and bolidays Domestic equipm¢nt Educaiion Social and welfare 114 21,530 158 29,900 30.410 51yJ 2.750 103 36,7(N) 300 2,830 228 55.19) 335 69,730 Grants to Institutio haye been made 0$ follow8.' Accomm(yJation and houying Arts. LUIre and buildu Fducation and InIng Health, m¢di¢ine etc Holidays and vwation5 Leisure activities Social welfare Youth activiiie8 11,5(X) 6,000 12,500 42,0(M) I,o(M) 6,750 59,000 9.000 10,o(x) 10,51X) 46,51x) 5,500 10.250 51,750 5,500 13 48 40 12 60 72 io 158 151.IK)O 162 147.750 Gra0¢¥ to institutions include payments of £1,000 or mote to the following: Albrighton Tn1 All of Ls Versus Artbritis Anthony Nolan Tru8t Artg Therdpies UK Bentley Begittttings Berrow Cottage Hotnes Beyood the Horizon Binninglmm & Solihull Women's Aid (2) 1.000 1,000 1,000 .000 1.000 5.000 .000 10,000 carry forward 21,000 12-
W.E. DUTr4N CHARITABLK TRUST NOTES TO FtYANCIAL STATEMENTS for the year ended 31 March 2025 {continued) 2. CHARITABLE EXPELYDITLIiE (cootinued) brought fotw•rd 21,000 Birrningham Hospice Birmingharn Phab Camps Birniingham Royal Ballet Bim]ingham Settlemeni Buds Canine Partners C£wers Tnjst CILild Brain Injury Trusl Church Pastoral Aid Trust (CPAS) Ctsmmunity Volunteering Action lthury Ctt8tiv¢ 291 Hub Cysiic Fibrosis Dorothy Parkes CotnmuThi¢y Centre Dougla8 Macmillan Hospi¢e Dream IIolidays Dream Maket5 Edwards Trust English Heritage Ellgli8h Syjnphony Orchestrn Eric- ChildreTL'8 Bowel & Bladder Charity Fight for SAght Frozcn Light Theaue Giving Iland4 fvlission The Ilaven Wolverhampion Headway Birniin8ham & Sulihull Heart of F.ngland FO$1 Hom¢ Start %outh Wanvickshire Ironbrid8e Gorgo Mu6¢um TTUSt Katherine Ilou$¢ Hospi¢¢ KeLllp EIvspi¢e Leukaemia Care Life Lunch on the Run Make some Noise Martitleau (rllrdens Mary Ann L.van8 Hospice Mary Stevens Flospi¢e Midland Air Ambulan¢e Charily Mot(Trr Ncurone DisEa5e ACIation m0 H08Pi¢¢ National Chuwbe8 TnL8t National Memorial AthruM National Yoiith Ballet Nice Centre for Movemetst Disorder NYCGB National Youth Choira Outward Bound Trust Papyrus Peter Le MarchantTtust Peter Pau Centre QuEen Alexandra College Birn]ingham Royal Star & Garter Samaritans Birmingha Scouts 126th Birniingham (l# Hodge Hill) Scout8 2 Bmwnhil]s 2.000 1,000 1,000 I,IK)O I,{)00 1,000 1.000 1,000 1,000 i.000 I,000 1,000 1.51X) 1,000 1.000 1,000 1,000 1,000 ,000 1,000 2,000 2,000 2,000 1,000 1,000 1,000 1,000 2,0(Xl 2.000 1,000 1,000 2,000 1,000 2,5(K) I,O(K) 1,000 i.o(Mi 1.0 1.0 1,0 1,000 1,000 1,000 1.000 1,000 1,000 63 85,(KM) -13-
W.E. DUNN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEyrs for the year ended 31 March 2025 (contitiu¥d) 2. CIIARfT ABLE EXPEYDTfuRE (wntinued) brought forward 63 85.000 shakeeare Hospice Shrft MS SOLO Life Opportunities Spinal Muscular Atrophy UK 2,500 I,1)00 2500 1.000 1.000 2,000 2.000 1,000 Si Michael's Hospice St Ri¢hard8 Hospice Street Tearus Stroke Association Tall Ships Youth Tnt The Telling ThomB8 Corbett's Clwity Almshouses Tiny Tim's Children's Centr¢ Variely thc Children's Clwiiy Volunte¢ring Nlattcrs WAlking wi¢h the Wounded West Midlands Anti-slayery Whizz Kids Willow Woodlands Advenlure 1.000 1,000 1,000 1,000 1,000 1,000 1,000 84 Grants under £1,000 74 37,0(x) 158 1S1,(K)O At 31 March 20?5 on¢ grallt of £5,000 {?024 .. None) had been approved bui not yet paid as thE Trnst awaiting futther inforn)ation fro the donee. The grant ILas bc¢n paid since the year end. -14-
W.E. DUNLY CHARfTABLE TRUST NOTES TO THE Fif4ANCIAL STATEMEYTS ror the year ended JI MArch 2025 (¢onluLued) GOVERf*AfiCE COSTS 2025 2024 Secretar8 remuneration Payroll tnaintenance ¢05ts Telephtsne, postage, ststi¢)nery and sundry Accountancy fee Stockbroker's fees 1,442 10 1,346 4,320 28,437 1,339 1,311 4,140 27,454 35,555 34,253 Charged against UnTe8triCted Capital Stockbrnkcr's fees Accountancy fe¢ 25.594 2,160 24,708 2,070 27,754 26,778 Charged against Unre8tri¢ted lllcome All other governanc¢ 8[6 7,801 7,475 35,555 34,253 REMUNERATION APID OTHER BENEFITS None of the Trustees receives rcmuncration or other txnefits from the Trust. One'lnLS(¢e received rein)buTycfflcnt for expenses incurred 00 behalf of the Ctwity during the period.12024.. Olle} Th¢ Sxr¢¢¥ry the TnL8tees has been ttw only employee of the Trust in the year endcd 31 March 2025 and the period ts)ded 31 Mah 2024. The remutt¢rn(ion is di%losed in Noic5. STAFF COSTS AND NUMBERS stsffcosts were a8 fouows.. 2025 2024 Salaries and Thage6 Pension contributiony 14.0(K) 420 13,(K)O 390 14,420 13,390 -1
W.E. DufiN clIARABLE TRUST NOTES TO THE FIP4Af4CLIL STATEMENTS for the yeAr ended 31 Marth 2025 {COO¢inued) STAFF COSTS AND uIBERs (wOtiDuj Staff costs were aUocateA as follow8: 2025 2024 Support COSL8 (see No 2) Governance costs {8e¢ Not¢ 3) 12,978 1,442 12,051 1.339 14,420 13,390 Thc average number of pergons ¢mployoJ by the trnsi during tbe ye)r was as follows: 2025 2024 INVESTMENTS IN THL HAL¥DS OF INVESTMENT MAliAGFRS 21125 2024 Cost of Inv¢$tments listed on a recognised Stock Chnge At l April 2024 Addition8 Cost of sales 4,377.799 4,330,004 243.781 I,Iln,078 (321,8931 11,061,283} At 31 March 2025 4.299.687 4.377,799 Surplus on revaluation At l April 2024 Eliminaied on Sales tn¢rea.%cl(decre&8e) in year 1,556,959 72,260 (19,645) 1,119.431 127,165 310.363 Ai 3 1 March 2025 1,609,574 1,556,959 Mllrk¢¢ vilue Rt 31 Mreh 2025 5,909,261 5,934,758 Investments at Iarket Value cornpr15ed: Bon(L8 and Fixed Inierest Equities and Alternative A&8ets 1,194,387 4,714,874 ,195,651 4,739,107 5909261 16,999 5,934.758 20,953 Uninvested ca8lL 5926260 5.955,711 16-
W.E. Duf4N C&lRITABLE TRLST Tr40TES TO THE FLyNcL1L STATEMF,NTS for the )'ear eDded JI .VAfirch 2025 {coThtinued) INVESTMENTS IN THE HANDS OF IPIWESTMENT N(ANAGEILS {contitiued) All investment et8 were held within the UK. At 31 March 2025 the Trust beld one investment inth'vidu8lly Tepresenting in excess of 5/• of the totsj value of the Portfolio.. 61.000 Ordinary 5p 8bares itt JP Morgan Global Growth & Income PLC £3E9,030 The faIrvae of hs¢¢d investrnent8 is detetmitied by reference to the quoted price for identical wets in an active matkei at the balance sheet date. Atl investments are carried at their fair value. Investments in equities and fLxed intrresi securiiies are oll traded in quoted public nwkets, primarily the LA)ndon Siock Exchange. Holdirlgs in common invesulleni fimtL4, uuit trusts and open-ended invesmlent companies are ai the bid price. The basis of fair value for quoted investments is equivalent lo the market value, using the bid price. A&set sai&s and PUTch&8es are recognised at the date of trade ot ¢ost (that ig their tran8a¢uon v8]ue). The niain risk to the Ch&rity from lln¢la1 insttwneots li in the combiniiion of uncertaio investment markets and Yolatility io yield. The Cbarity 1.9 rcliani on dividend yield io fitwice its work. Liquidity risk is anticipated to be low 811 &ets are traded.'The Charitgs ittvcstm¢nts are mainly trAded iii markets with good liquidity and high trading volumes. The Charity has no material inNL¥tsnent holdings in markers subjeAt lo exchange CODtrol8 or trad restricriorkq. Thc Chirity rnlc nages these invosunent risks by rethinin8 expert advisois and opcrntirtg an investhient ]1¢Y that provide8 for a higb degree of diversification of holdings within invesuneni cl&s5¢3 thot are quoted oll recognised stock CXGhang¢s. The Charity does noi tnake use of derivotive8 and similar complex fthancial instrurnents as it the iti¢w that investtnents are held tor their longer terni yield total rern and historic sNdies olquoted fanCial i8trUets have Shown that v(Ilatilily in auy particular 5 year peri(hJ will nOrn[[Y be corrected. 7. OTHER INVESTMFNTS 2025 2024 C08t of Investrn¢nL8 listed on a recognised Stock ExchAnge At l April 2024 & 31 March 2025 26,128 26,128 Surplus on revaluation At l April 1024 IncreasGI(de¢re#se) iu year (1,970) 627 (3,06S) (1,098) At 31 March 2025 {] J431 (1,970) Market value At 31 IIareh 2025 24,785 24,158 17-
W.E. DUNf4 CHARITABLE TRUST r4oTES TO THE FtYANCIAL STATETrIE.YTS for the year ended JI MArch 2025 {GoDtinud) 8. DEBTORS 2025 2024 A¢crned income 9. LIABILITIES: Amounts fAlllllg dthe Mlthln one year 202$ 2024 Sundry cttditors 11,675 10,494 10. STATEMENT OF FUND8 Brought Forwsrd Ineome Eip¢ndlthre Transfers GAIn Carrled ILoi8es) Forward Unrestrlcted Funds In¢ome 13,635 238,132 (228.903) 22,864 Capital 5.959,698 (27,754) (1,5481 5,930,396 To1 of Funds 5,973,333 238,132 (256,6571 (1,548) 5,953,260 2024 5,731.433 226.329 (265,749) 281,320 5,973,333 11. ANALYSIS OF ASSETS BETWEEN FLINDS Accumulated Income Capitsl Total Investments in hands of Invest¢¢ Maaagm 5,909.261 Other investments 24.785 Funllg io hands of Investment Mallagcrs 4.823 Lkbtors Bank balallces 5,909,261 24,785 16,999 l2.176 13,890 13,890, 5,938,869 26,066 5.964,935 Less Liabilities 8.473 3,202 11,675 5.930,396 22,864 5,953.260 18-
W.E. DUNIY CEtAIUTABLE TRUST Tr40TES TO TIIE FID4Af4ciAL sTATlE%s for the year ended 31 March 2025 (continued) 12. RELATED PARTY TEL4N$AloNs Dur(ng the year the paid £2,247 (?024.. £2267) in respect of office rent&l and telephone, to Th¢ DavenpcTrrt Horn, a trust ofwhicb D. Corney, trw5tee. is a]so a ttustee. At the year end there is an accrual for Th¢ Davenport Homtrs of £243 (2024.. £247). During the year expense6 were relmbued Io ttiJstee8 to th¢ valu¢ of £446 (2024.. £165). 13. FINNcIAL ThSTRULKENTS 2025 2024 Financial asseLg measured at fatr value through incorne alld expendiiure.. Inve8unents Bank balan¢¢5 Dbbiors 5.951.045 13,890 5,979,869 4,958 5,964,935 5.981,825 l9-