Company Registration No. 1450892 {England and Walas) Registered Charity No. 278720 Scottish Charity No. SC039512 DAWLIFFE HALL EDUCATIONAL FOUNDATION (Company limited by guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
DAWLIFFE HALL EDUCATIONAL FOUNDATION CONTENTS Page Directors, and Trustees, report Auditors, report 15-17 Statement of financial activities and income & expenditure account 18 Balance sheet 19 Cash flow statement 20 Notes to the financial statements 21-31
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Permanent values in a changing world www.dhef.or The directors, who are also trustees are pleased to present their annual directors, report together with the financial statements for the year ended 31 December 2021 which are also prepared to meet the requirement for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and 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 2015). CHAIR'S REPORT 2021 has been a year of dram8tic chang8 and unexpected benefit for DHEF. Despite the uncartainties of the Covid Panden7iG, 2021 saw the lifting of many restrictions as life has gradually begun to return to normal. As a result the response of DHEF volunteers in combining online skills acquired over the past 18 months with thg resumption of face to faGe méatings has meant that the number of people benefiting from our many aclivitl8s has increased exponentially. An internal reorganisation of roles within DHEF was caled out. Maria Alvarez de Toledo resigned as a Truste8 and was appointed our Chief ExeGutive Officgr. Isabel Abad became our Chief Finance Officer and new teams were formed to look after the maintenance and upgrading of all DHEF properties and to keep our wobsite and Newslelt8r and general publicily up to date. We now have a dedicated team dealing with the day to day running of the charily and its futurg viability. Despite 8v&rything the youth activities thrived and graw throughout the year th8nks to thé ingenuity and creativity of their leaders and partlGipants who managed to maintain Gontinuty by organising on-line activities until real time was possible. Ashwell House and our residential activities are at GapaGity with waiting lists, again thanks to the non-stop efforts of those responsible for them. For more details of what DHEF is doing and how please look at our website (dh&f.org.uk) and Newsletter which we aim to keep as up to date as possibl8. Looking towards the future the Trustees and I havo been looking at our assets and seeing how they can best be used in th8 years to come. We are now in a position to develop our interests in the Bayswater area and want to expand activities South of the river in London. In order to do this we will sell some assats which aro surplus to our needs and r&organise some of our Gentres so that more people can benefit from the services and support wa offer around the country. None of this would have been possible without the enthusiastic and continued support and loyalty of all our benèfaGtors, volunteers and beneficiaries. It is almost impossible to express our gratitude and appreciation for your Gontinued support and help throughout the year. Wg aro building on firm foundations during 2022, reaching out to many more people. Ann Bennett Chair
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 OBJECTIVES AND ACTIVITIES The charity's purposes as set out in the objects contained in the company's Memorandum are.. The advancement of education and learning and the development of character in accordance with Christian principles and ideals To support, own and operate charitable educational establishments To assist, by the provision of grants or otherwise, the pursuit of education or research In accordance with these objectives each of the properties we own operates as an educational centre and as a base from which the work of the charity is done. Our two main projects are Ashwell House, a student residence situated in Hackney, London. Hazelwood House, an educational and conference centre in Glasgow, Scotland. Part of the work of the charity is to help people give back to society and so the charity organises and supports social projects at home and abroad. VFsion We believe that everyone should reach their full potential and be a caring and responsible member of the community. DHEF considers education to be the key to social inclusion, helping to develop useful skills, self-confidence and responsible attitudes. Mission To encourage and support families as the primary place where individuals are nurtured and helped to mature and where they leam to have regard to the needs of those around them. We do this by working in formal and informal educational projects, particularly with women. regardless of their age or cultural background. Values DHEF promotes respect for the individual. personal freedom, 5elf-confidence and responsible attitudes In professional, private and public lrfe. Approach In shaping our activities the trustees have considered the Charity Commission's guidance on public benefit {including the guidance 'public benefit: running a charity, {PB2)). In particular, the trustees consider how our planned activities contribute to our educational objectives. DHEF centres provide a warm and welcoming environment for women of all ages, offering opportunities to widen educational horizons and to take part in worthwhile volunteering projects. Our club activities support study particularly in the key areas of Maths and English. Our programmes encourage each young person to achieve. Our work with adults aims to offer practical help with personal, social and family development.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Who benefits from DHEF activities? DHEF encourages families and especially women of all ages and cultures and from every sector of society to reach their potential through formal and informal educational projects. DHEF has a Christian ethos and its activities promote respect for the individual, personal freedom, self-confidence and responsible attitudes in professional, private and public life. DHEF centres run a range of activities which broadly fit into the following-. Activities for young people where they learn to widen their cultural horizons, develop their personal integrity, learn to respect others and contribute to wider society by taking part in an age appropriate social project. Young people learn the value of giving their time to help others. All the activities take place in an atmosphere of cheerfulness and fun. Families are supported through lalks, guidance and mentoring. This can range from the practical aspects of home management (hygiene, time planning, basic home repairs, healthy eating and budgeting) to developing personal relationships and caring for others. DHEF activities take place in over 50 locations in Britain. Volunteers play a vital role in the running the charity's activities and we promote volunteering as a way of contributing to society as a whole. 1,100 people benefited from DHEF activities during 2021 and 170 volunteers were involved in running or supporting our activities. Pandemic restrictions limited our activities for much of 2021. However, our committees and especially our volunteers were creative and resourceful in reaching out to school age girls, young professional women, families and medical professionals who benefitted from our activities. Our grant making is only to charities that share our ethos. AII DHEF educational centres include in some way the following two aspects.. 1. Activities for young people where they can leam to widen their cultural horizons, explore and develop their capabilities, enjoy themselves, respect others, be challenged and be encouraged to give back by taking part in some soGial project such as visiting the elderly. 2. Family support through talks, guidance and mentoring, from the practical aspects of home management (hygiene, time planning, basic home repairs, healthy eating and budgeting) to relationship development and caring aspects.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 More specifically.. Ashwell House www.ashwellhous8.or .uk During 2021, DHEF'S university residence, Ashwell House, continued to offer students support to alleviate the stress of remote learning and study. This was a major benefit to the students living in this university residence. Special care was taken to support those students struggling with mental health issues brought on by the pandemic. Surviving lockdown ... Students living in Ashwell House during the lockdowns survived very well. They adjusted well to studying at home, sharing social spaces and contributing to the cooking and cleaning for a large number of people. They also succeeded in their studies, developed deep bonds of friendship and learnt just how resilient, creative and resourceful they could be. Andrea said: 'Living in Ashwell allowed me to have peace, to hav8 SUPPOrt from so many residents,. and that helped m8 - even preparing all the documents for my dissertation which had to be transformed from physic81 design objects into digital ones. I had so much support from everyone in Ashwell that it gave me a lot of confidence." . and enjoylng freedom agaln Once restrictions were eased. students from Ashwell House wasted no time in getting out to broaden their horizons. A group from Ashwell spent a memorable day exploring the pilgrrm route of St Augustine, from Ramsgate to Canterbury. A day out in the Kent countryside enabled the students to foster new friendships and set the tone for life in Ashwell House in the academic year ahead. First-time Ashwell resident Ashley said.. "We admired the views together and learned about the origins of Christianity in England. The sun was shining down on us the whole day. It was simply beautiful." DHEF'S educational mission Includes creating a positive environment for university students to study as well as broadening their horizons, particularly through volunteering in local social projects. This benefits the community as well as enriching the students.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Hazelwood House www.hazelwoodhouse.or Hazelwood House continued to reach out to people during 2021 withln the pandemic restrictions in Scotland. An important outreach to medical professionals got UndeaY in 2021 at Hazelwood House. An online hub was developed where healthcare workers can meet, talk, inform and support each other. The pandemic took a huge toll on the medical profession, so the Hazelwood House initiative addresses an immediate need. This forum for medics gives them the opportunity to share positive and negative experiences with the aim of mutual support. Expert speakers present key information to help professionals working in a stressful environment. If the medics look after themselves, they will be better able to care for others. The medical hub heard from Senior civil servant Carol Dutch who spoke on "Developing Self and Others" Wellbeing is fundamental to self-development, according to Carol, who told the medics. You need to do some work on yourself in order to get to a place where you can develop others.. "What can we do with emotions?" This question was answered by Clare Bremner. a cognitive behaviour therapist working in Glasgow, during another online session. Clare challenged the busy medical professionals to think about whether they might be too busy to allow themselves positive feelings such as joy and peace. Are you judging your emotions? Are you asking yourself what you should or shouldn't feel? What messages are you sending yourselP Emotions can be regulated with compassion, Clare told the meeting, and pointed to the work of Professor Paul Gilbert who has pioneered compassion focused therapy. The youth club for girls at Hazelwood House continued to offer online activities,which moved to in-person activities once restrictions permitted. New families were attracted to the club and one family wrote in appreciation of what the club had done for their four daughters-. "Just a short note to say 'thank you, for all you have done for the girls this year- for welcoming them into the club, all their fun activities, the spiritual guidance and confidence building talks. It has really meant a lot and we really appreciate it. The girls love the club and are really gaining so much from it., At Hazelwood House in Scotland, the outreach to university students continued during 2021. However, the restrictions in Scotland meant that volunteering opportunities with the Fast Fonmard project were curtailed.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Families and young people Despite COVID-19 restrictions youth clubs at DHEF centres continued to offer activities. These included craft and cookery sessions on Zoom, as well as online talks and discussions. As the situation eased, Hillcrest Girls, Club was able to meet in a local school, in line with the regulations at the time. Once restrictions were lifted, girls attending the DHEF youth clubs enjoyed In-person activities such as: Regular study sessions. including dedicated study weekends. Outings and trips. In-person workshops. Social projects to benefit the local community. Girls and teenagers who come to the youth clubs at DHEF centres benefit from a range of activities designed to develop their charact8r. be attentive and supportive to one another and nurture resilience. This is done through engaging, challenging and fun activities. One to one mentoring is a feature of the clubs which parents particularly appreciate. Mentoring helps each girl to recognise her own strengths and weaknesses and to grow through this. This helps girls in their performance at school. Launch of the new club year In September 2021, Hillcrest Girls, Club took a group of 38 girls from the Junior (aged 8 - 11) and Intemediate (aged 12-14) sections of the club on a trip to Thorpe Park. This fun day out was pitched to launch new club year with an exciting activity to bring the girls together, help them renew friendships and give them a positive experience after the anxiety of the pandemic. One mother said.. "My daughter absolutely loved the trip to Thorpe Park. It was an inspired choice to get the club programme off to a really exciting start. Saturdays spent at HillGrest youth centre give a good focus to the weekend for my daughter. She's with her friends, engaging in really worthwhile activities. Library buddies - a new social project Older girls at DHEF clubs take part in social projects. One example is the Library Buddies volunteering scheme at Croydon library. Every Saturday moming in term time. older girls from Hillcrest Centre, run a reading programme for local children. Volunteer leader Susannah said.. 'Croydon Library really liked our idea of weekly sessions where we listen to th8 children read and do fun, book-based activities with them.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Many of the children who come to the sessions do not speak English at home, so this is a great opportunity to help them develop further in vital reading skills." Sofia (15) said.. "I really enjoy volunteering at the library. both reading to the children and also listening to them read. It is fun seeing the children's different stories and ideas. I think it's great that l in able to give back to the library where l used to go when I was younger.. This project was a response to a national problem. Nine million adults across England have low literacy or numeracy skills according to a recent article in "FE News" Adults with poor literacy skills have poorer health, with 43.10 of adults aged 18-65 routinely unable to understand health information. A scheme like the Library Buddies can make a real difference for children in the London Borough of Croydon, which has a high immigrant population. Hillcrest volunteer Emily (17) can see that sharing her reading skills with the children is "really impactful" Authentic relationships A series of workshops was launched at Hillcrest Family Centre to help parents and teenage girls to understand authentic relationships. DHEF recognises that teenage girls need guidance and support in this area of their lives. In the first session, thirty teenage girls joined a Zoom session with US speaker Jason Evert, who gave them pointers for happy dating. Teenage dating can be fraught with difficulties for today's girls. A number of the girls watched the session with their parents, which gave rise to positive family discussions. One of many helpful insights from Jason was that while girls are seduced by what they hear., boys are seduced by what they see. So girls should win over a boy with who they are, not lure him with their body. Girls need to believe in their own worth and ommunicate to boys that they are worth waiting for. Esther. 15, said. I found this talk truly comforting as it answered my questions and gave reasons for my beliefs and resolutions. I was mofivated to live chastity and help others to do the same." VOLUNTEERS Volunteering changed, of necessity, during the lockdown periods during 2021. Recruiting activities which normally take place on a person to person basis were suspended. However, as restrictions eased during the course of the year, our volunteers continued to be innovative in preparing and running alternative activities.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Wellbeing and mental health The pandemic has had a huge mentsl health impact on people. In direct response to this, during 2021 DHEF took wellbeing and mental health to a professional level. Volunteers who work in all the DHEF centres will get regular input on how to spot mental health issues and where to go for further help. DHEF now has an ongoing wellbeing and mental health programme with the key aim of caring for volunteers so that they can support the girls and women who participate in the activities across the centres. DHEF arranged a workshop with Schools Today a professional body with years of experience in wellbeing and mental health, to help equip DHEF volunteers to take appropriate action on mental health issues. One problem besetting young people is a poor understanding of their own emotions coupled with an inability to talk about them. Feeling second rate and a lack of self- confidence can also plague them. A further cause of poor mental health is the pressure to be a high achiever, which pushes young people to be perfectionists with the risk of burn- out. All these issues can become crippling for young people rf they are not addr8ssed. A key message of the workshop was that good listening skills are crucial to recognising the eady signs of poor wellbeing and mental health. The right sort of listening can make all the difference in helping to prevent a poor mental health situation from getting worse. DHEF is mindful of the growing rate of mental health issues in young people. A survey on "Mental Health of Children and Young People in England 2020" found that one in six children aged 5 to 16 years were identified as having a probable mental disorder. In the same survey, 53°/0 of 17-23 year olds reported that their mental health had worsened in the last three years. The newly established DHEF Wellbeing Team is committed to contributing to the national effort to alleviate mental health problems in young people. FINANCIAL REVIEW Ashwell and Hazelwood both recovered from the downturn in income in 2020 and resumed nomial operations after Covid restrictions on residential activities lifted mid-2021. The properties were able to run at nearly full capacity and income is expected to return to pre-pandemic levels in the next year. Hazelwood also benefitted from tsking some long- term fee-paying residents providing a source of stable income for the conference centre. With regard to other income streams, it is to be noted that Donations in 2020 (£869,127) were higher than average as the Charity's donors rallied to make an effort to compensate
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 for the loss of income in Hazelwood and Ashwell due to the pandemic. Donations in 2021 (£759,144) are back to previous levels and are in line with the Charity's projections. The Orme Court Project, a long-tem future project of the Charity has started to come to fruition as planning pemiission was submitted and approved for this project. Works are expected to begin in September 2022. As tenants vacated the flats in the Orme Court properties in preparation for the refurbishment, as to be expected income from the rental of these flats declined considerably from £224,991 in 2020 to £79,378 in the current year. Until the works are completed in 2024 no monies are expected from this income stream. Expenditure in charitable activities for 2021 went down to £1,089,521 following the higher than usual expenditure in 2020 of £1,365,442 which included the cost of installation of fire doors and alarms in Ashwell and the exceptional loss in 2020 that had to be recognised when The Laurels School unexpectedly tenninated their lease of 1 Chelsea Embankment having found more suitable premises for their needs. The Laurels School vacated the property at the end of August 2021 and the charity also suffered the loss of the expected income from the lease to the school in this year. The trustees are exploring various options for the sale or the long-tenn leasing of this property. Operating profit bounced back to almost pre-pandemic levels at £455,892. This reverses the previous yearfs dismal profit result of £120,270,. which was caused by the loss of fees from Ashwell and Hazelwood due to the Covid 2020 restrictions. The DHEF trustees, decision to sell its property in Ealing, London contributed to a healthy exceptional income of £2,148,119 in the Charities accounts. The final repayment of a long-term unsecured loan held by DHEF was made in 2021 giving the Charity greater financial leeway for projects and growth for the future. Reserves Policy DHEF does need to hold reserves for two main reasons. Firstly, reserves are required to deal with temporary or permanent reductions in unrestricted income. And secondly a considerable amount of the charity's loans and repayment schedules are denominated in Euros and therefore the charity is exposed to Euro exchange rate differences. In July 2021 the only commercial loan that the charity had was completely repaid, now the charity only has concessionary loans (non interest bearing loans) with a flexible repayment schedule. At 31 December 2021 the charity held reserves of £20,721,365 (2020 £18,117,354). Those funds held as fixed assets for charitable purposes are £12,294,673 (2020.. 12,477757). and a general fund of £8,426,693 (2019: £5,639,597). The Board considers this position to be satisfactory and reviews the reserves levels regularly.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Risk Management The directors are aware that DHEF'S activities depend to a large extent on voluntary donations. A large proportion of these donations come from long-term supporters involved in the activities carried out in the centres they are funding. Extensive efforts are made to maintain relationships with these supporters and to increase their numbers. The wide spread of donors across the United Kingdom mitigates the risk from any one donor. The charity does also receive unsecured loans from these donors and has flexible terms and conditions to repay them when required by the private lender. The fees charged for residential activities are commensurate with other similar services and are set to cover the cost of running such activities. Grants given for specific activities or educational activities are strictly applied to those activities and efforts are made to ensure the costs are kept in line with the funding available. The directors also recognise that the charity is subject to operational and financial risks and they believe they have procedures in place to reduce these risks: To human life and welfare, by the adoption of health and safety policies and training To young and vulnerable people, by having in place suitable policies and procedures To operational fixed assets by appropriate maintenance and insurance To charity resources by appropriate control procedures Structure, governance and management Governing Document Dawliffe Hall Educational Foundation, also known as DHEF. is a company limited by guarantee (Company Registration No. 1450892) governed by a Memorandum and Articles of Association incorporated on 26th September 1979 and registered as a Charity, No. 278720 in England and Wales and SC039512 in Scotland. Organisation We operate a devolved management structure, which enables us to respond better to local needs and to foster initiatives at ground level. Our local Management Committees deal with the day-to-day management of the centres in accordance with the ethos of the Charity. They set their own priorities, addressing identified needs, and may propose a national project to the Executive Committee and Trustees. The Executive Committee ensures the smooth running of the Charity. It provides support for individual and national projects as and when required. The Trustees meet at least quarterly to make policy io-
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 decisions and are kept fully aware of the activities of the Charity. The Trustees of DHEF Scotland are the same a5 those of DHEF. During 2021 we employed 4 members of staff in SGOtland. Appointment of Trustees Nominationslapplications to become a Trustee are sent to the Trustees who interview the person and explain the Charity and its aims to them. Appointment of successful applicants is then made by following the procedures set out in Articles 47 & 48 of the Articles of Association. As stated in the Charity's Articles of Association, one third of the Trustees shall retire by rotation at the Annual General Meeting. There is a policy for the provision of an induction pack to be given to all new Trustees which is kept up to date. There is no formal policy for the training of Trustees but each Trustee keeps up to date through Continuing Professional Development, attending courses, etc. Maria Alvarez de Toledo tendered her resignation as a Trustee in order to take on the role of Company Secretary and Chief Executive Officer of the Charity. The demands of the projects and the future plans required Isabel Abad to concentrate efforts on the financial aspects of the Charity and she has been designated Chief Financial Officer. Ann Bennett received no disbursement in relation to her work as the Charity's solicitor. Pay and Remuneration of Key Management Personnel The key management personnel of the charity, comprise the Trustees, the Chief Executive Officer, Chief Financial Officer and the Managers of Ashwell and Hazelwood House respectively. The charity is fortunate to have staff with amazing loyalty to the charity who strongly identify with the objects of the charity. The remuneration of our staff is set in line with the financial consideration of the charity and government guidelines on staff pay.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Reference and administrative details Locations Ashwell House Shepherdess Walk London N1 7NA Dawliffe Hall 1-2 Chelsea Embankment London SW3 4LG Hazelwood 52 First Gardens Glasgow G415NB Hillcrest 33 Plough Lane Purley Surrey CR8 3QG Pembridge House 29 Pembridge Square London W2 4DS Rydalwood 43 Pine Road Manchester M20 6UZ Winton 114 Banbury Road Oxford OX2 6JU www.dhef.or .uk 12
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Company number 1450892 Reglstered charfty number 278720 Scottish charlty number SC039512 Registered office 10 Wellesley Terrace London N17NA Auditor Rouse Audit LLP 55 Station Road Beaconsfield Bucks HP9 1QL Banks HSBC Bank plc Kensington & Chelsea Commercial Banking Centre Heathrow House 785 Bath Road Cranford, Middlesex TW5 9AT Royal Bank of Scotland Charities & Not for Profit Sector 61h Floor, 1 Princes Street London EC2R 88P Solicitor Ann Bennett 2 Chelsea Embankment London SW3 4LG Chlef Executive Officer Maria Alvarez de Toledo Chief Finance Officer Isabel Abad Directors, who are also trustees Ann Bennett (Chair) Caroline Sanderson (Secretary) Mary Mulhall Marta Sauri Vivian Chinwe Nzewi Anna Burbidge 13
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Directors, and Trustees. responsibllltles The Directors (who are also trustees of Dawliffe Educational Foundation for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company and Charity law requires the directors to prepare a financial statement for each financial year which gives a true and fair view of the state of affairs of the company and of its financial activities for the period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the golng concem basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of dlsclosure to audltor As far as the director5 are aware, there is no relevant audit infonmation of which the company's auditors are unaware. The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. Signed Date Zi.q.Ioz2 Ann Bennett Chair 14
DAWLIFFE HALL EDUCATION FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION Oplnlon We have audited the a¢¢ounls Df Dawliffe Hall Education Foundation Ilhe 'chariiable company'l for the year 8nded 31 December 2021 whlch comprise the Statement of Flnan¢ial Activities. the Balance Sheet, the Slalemenl of Cash Flows and the notes lo th8 accounts. including a summary c)1 slgnificant accounting policies. The financial reporting framework that has been applied in Iheir preparallon Is applicable law and United Kingdom Accounting Standards, Including Flnancial Reporting Standard 102 Th& Financial Reporting Standard appllcable In lh8 UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Praclicel. In our oplnion the accounts.. giv8 8 true and lair view of the stale ol the charitable CoMpanS affairs as al 31 December 2020 and of ils Sncoming resou$ and application of resources, including its income and expgndilure, for Ihe year then ended., hav8 been properly prepared In accordance wSlh United Kingdom Generally Accepted Accounlfng Practice,. and have been prepared in accordance with the requir8menls of the Companie5 Act 2006. the Charitigs and Trustee Inveslmenl (Scolland) Act 2005 and regulabon 8 of the Charilles Account (Scollandl Regulations 2DO6. Basis for opinion Wè Conducted our audit in accordance with Internation81 Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the ac¢oun15 section ol our report. We are indep8ndenl of the charitable company in accordance with the ethical reqU1MentS that are relevant to our audit of the aonIS in thè UK, including the FRC'S Elhlcal Slandard, and we have fulfilled our other ethical responsibilities in accordan¢e with these requirements. We bellove that the audlt evldoncè wè have obtained Is sufficlenl and appropriate to provido a basis for our opinion. Con¢luslons rèlating to going eon¢ern In audlting the financial staiem8n15, we have concluded that the Irusleès, use of the going concem basls of accounting in the preparah'on of the ffinancial slaleTnents is appropria. Based on the work we havo performed. we have not identified any material uncertainties relating lo events or ondilions that, individually or Collectively, may cast significant doubl on the charitable company's ability lo continue as a goin9 ¢oncem for a period ol al least tW84ve rnonlhs from when the flnancial slatemenls are aulhorlsed Issue. Our responslbllilles and the responslbilities of the Iruslees with SpeCt to going conrn are described in the relevant sections ol this report. other Information The other infomialion comprises the information included the annual report. other than the accounts and our audllor's report thereon. The Trustees are responsible for the other information. Our opinion on the accounts does not cover the other inlomialion and, except lo the exlenl otherwise explicitly slated in oui report. we do not 8xpress any form ol assuranc& conclusion ther80n. In conneclior) our audit of the accounts, our responsiblllly Is lo read the other infomalion and, in doing so. Consider whether the other information is malerlally inconsislenl with the accounts or our knowledge obialned in th& avdil or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required lo determine whether there is a malertal Fnissiatemenl in the accoun15 or a material misslalement ol the other inforfnalion. If. based on the work we have performed, we conclude that there is a material misstatement of IhSs other information. we are requlr&d lo report that fact. We have nothing lo report Sn this regard. Oplnlons on other matters prescribed by the Companle$ Act 2006 and thg Charltlo$ Ac¢ount5 (Scotland Regulatlon$ 2006 In our oplnion. based on the woik undertaken in the course of our audit.. the information given in the Trustees, Report for the financl81 year for whlch the accounts are p pared Is consislenl with the accounts,. and the Trustees. Report has been prepared In accordance with applicable legal requirements.
DAWLIFFE HALL EDUCATION FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION Maltèrs on which wa ar8 rèquirad to rèport by èxcgption In the Ilghl of the knowledge and underslandlng of Ihe Trusloes anL% Ils environment obtained in ihe course of the audll. we have not Idenllfied material misslatemenls Sn the Strategic Report and the Trustees, R8pDrt. Wg have nothing to report In resp8cI of the following mattws In relallon to which the> Companies Act 2006 and the Charities Accounts (Scollandl Regulations 2006 requlres us lo rèport lo you if, in our opinion.. adequate and proper accounlln9 records have not been kept. or felums adequate for our audit hav8 not been receSvod from branches not visil&d by us., or the accounts are not in agement wllh the accounting records 8nd ietums., or certain disclosures of Iruslees, remuneration spgcified by law are not made.. or we have not received all the information and explanations we require for our audit. Re$pon8lbllltles of Trustses As explained more fully in the Slalemenl of Trustees, Responsibilitres. the Trustees, (who are also the directors of the charitable company for the purposes ol company lawl are responsible for the preparation of the accounts and for belng satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of accounts that are free from material misstalemenl. whether due lo fraud or 8rror. In preparing thè accounts, the Trustees are responsible for assessing the charitable company's ability lo continue as a golng concem, dSs¢loslng, as applicable, matters related lo going concern and using the golng concem basis of a¢counllng unless Ihe Trustees eblher Intend to liquldale the charllable company or lo cease operallons, or have no reallsuc alternative bul lo do so. Auditorfs responsibilltles for the audit of the financial statements We have been appointed a5 auditor under section 4411 Ilcl of the Charities and Trustee Investment {SGolland) Act 2005 and under the Companies Act 2006 and report accordance with the Acts and relevant regulations made or having effect thereunder. Our obleclSves are to obtaSn reasonable assurance about whether the accoLtnts as a whole are free from rnalerial mlsstaiemenl. wh8lher due lo fraud or error, and to issue an audiior's report that include5 our opinion. Reasonable assurance is a high level of assurance, bul is nc>l a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material missialem8nl when 11 exlsls. MSsstalemenls can artse from fraud or error and are consldered materlal Sf, Indlvldually or In the aggregate, thay could r8asonably be expected lo influence the eGonornic decisions of users taken on the basls of thes8 accounts. Irregularities, Sncluding fraud. are Instances of non-compllance wllh laws and regulations. Wè deslgn procèdures In line wllh our responsibllllies, oulllned above, lo delecl material misslalements in respect of irregularities, including fraud. The exlenl lo which our procedures are capable ol delecling irregularities, including fraud, is detailed below. Thè oxtent to whlch tho audit was considered capable of detectlng Irregularlti•s includlng fraud Our approach lo identifying and assessing the risks of material misslalemenl in respect of irregularilies, including fraud and non-compliance with laws and regvlalions, was as follows.. the eng8gem&nl leam collecllvely had the appropriate Gompelence, capabllilles and skllls to Identify or recognise non-compliance with applicable laws and regulations., through discussions with the Iruslees and other management and from our commercial knowledge and experience Df the Chafilable sector providing services lo unpaid carefs, we identified tha law5 and regulations applicable lo the chadlable company,. and focusing on the specific laws and regulations which we considered may have a direct material effect on the financial slatem8nts or th& operatqons of the charitable company, we assessed th2 extent of compliance with those laws and regulations idenlifled above through making enquSrSes of management and inspecllng relevant correspondence. 16
DAWLIFFE HALL EDUCATION FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION We assèssed the susc&plibllity of the charflable company's financial slalemenis to material mi5slatement. including obtaining an understanding of how fmud mlghl OCCUT, by.. making enquiries of managetnenl as lo where they considered Iherewas suscepllbility io fraud. thalr knowledge r)f actual. suspected and alleged fraud,. considering the internal controls in place ID mlb'gate risks of fraud and non-compliancè with laws and gulalions. To addresg the risk of fraud through management bias and override c1 controls. we.. perfomied 8nalylical procedures lo identify any unusual or uneKpocled relationships., lesled jtsurnal entries lo idenlty unusual transactions., assessed whelherjudgemenls and assUMp0n$ made in detemiining the accounting estimates were indlcalive Ctf potential bias., invesliga18d the rationalè behind significant or unusual Iransacfions; and investigatèd the ralignale behind significant or unusual Iransaclions. In response lo the risk ol irregularllies and non-complianc8 wllh laws and r8gulallon8, we d88lgn8d Pfocedures which included, bul were not limited to.. agreeing financial slalem&nl disclosures lo underlying supportlng documentation., reading the minutes of me8lings of those charged with goveman¢e', enquirSng of managemonl as lo actual and potential lity'galion and clalm8'. and ieviewing correspondèn¢e th HMRC, relevant rggulalors and the charltable company's legal advisors. There are Inherent limitstions in our 8udit pro¢edures described above. The> more movd that laws and regulations are from financial Iransaclions, the less likely11 is that we would become awa ol non-compliance. Audibng standards also limit the audit procedur8s requir&d lo Identify non-compliance with laws and regulations lo enquiry of the trustees and other management and the inspection of règulatory and legal correspondence, if any. alerial misstataments that ariso due ID fraud can be hafd&r to detect than those that arise from error as they may involvg dg1Sberale conc8almenl or collusion. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Councll's websltè al-. http'.IAVw.fr¢.Drg.uk1audl10rSf$pOnsIbIIilIe5. This description forms part of our audltor's port. This report is made solèly lo the charftable company's members, as a body, In accordance with Chapter 3 Df Part 16 of the Companies Act 2006. and lo the charllable company's trustees, as a body, in accordance with the section 44llllc} of the Charslies and Trustee Investment Iscouandl A¢1 2005 and regulation 10 of the Charities Accounts {Scollandl 2006. Our audll work has be&n undertaken so that we rllighl slate lo the charitable company's rllembers those matters we are requirod to stale lo them in an auditors, report and for no Dlher purpose. Tts ihe fullest exlenl permltted by law, we do not accept or aSSLJme responsibility ID anyone other than the charitable company and ils members as a body, for our audit work, for Ihls r8POrt, or lor the opinions we have formed. Lolghton Bower (Senlor Statutory Audltor) for and on behalf of Rouse Audtt LLP Date.. .2.7...p? ..).2L Chartered Accountants Statutory Auditor SS Station Road Beaconsfield Bucks HPg 1QL 17
DAWLIFFE HALL EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES AND INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Total 2021 Total 2020 Notes Income Donations and Legacies TSP,144 869,127 Charitabl8 Activlties 578,835 44T.043 HMRC fijdough grant 39,313 58.513 Other Tradlng Activities 79,3T8 224,991 Inv95tmènls 8,067 11,317 Other income, exchange rale variance 80,676 Total 1,545,413 1.610,991 Costs of Raising Funds Gh8ritabl8 activities 1,089,521 1.385.442 Exchange Rate Varlanc8 85,279 Total 1.089,521 1,450,T21 Operatlng Profit 45S,892 160,270 Pfofil on sala of ass815 2,148,119 918,167 Nèt mov•ment in funds 2,604,011 1.078,437 Fund Balances At l January 2021 18,117,354 17.038,917 Fund Balances At 310èc•mber 2021 20,721,365 18,117.354 The statement of financial actfvili$s and income and &xptsndiiur8 account has been pr8pared on thè ba515 that all operatlons are continuing operations. The ar8 no r8cognised gains and losses other than ihose passing through th8 stat8mant of flnan¢ial activities and income and èxponditure account. The statement of flnanclal act1118 also complies wlth th8 f8quif8m8nts for an income and expenditure account und8r Companies Act 2006.
DAWLIFFE HALL EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notes Flx•d a8S•ts Tangible a8sets 14 12.294,673 12.477.757 Curr•nt a¥s9ts Debtors= amounts falllng due within one year 15 29.803 151,231 Loan to PACT falling duè within on8 year 15 507.(X)O Other deblois falling due wllhin on8 year 15,19 6,142,543 Debtors.. amounts falllng due after more than one year LoBn to PACT falling due after more than one year 6.142.543 15 773.500 520,000 Cash at bank and In hand 23 3,984.776 1,336.523 10.930,622 8.657.297 Credltors: amounts falllng dua wlthln on8 year 18 11,747.5281 11,940,622} Nèt currènt ass•ts 9,183,094 6.716.675 Total assets less currènt Ilablllties 21,477,767 19,194,432 Credltors.. amounts falllng duo aft•r more than one year 17 1756,4021 11.077,0781 Funds 18 20,721,365 18.117.354 Unrestrlcled General Fund Designated Fund 8.426,692 12,294,673 5,639,597 12,477,757 20,721,365 18,117.354 The notes on pages 21 to 31 fomi part of th889 acoounts. V C Nzewl Dlrector Company Reglstyatlon No. 1450892 19
DAWLIFFE HALL EDUCATIONAL FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Notes hlet cash flows from op•rating actlvlt5&5 22 717.634 588.236 Cash flow8 from Investlng actlvltl Purchase of property, plant and equlpm8nt Proceeds from Sale of assots Interest received 1200,0581 2.282.134 8.067 253,WO 1634.4751 1,022,533 11,317 PACT loan repayment Net cash flows from invesllng actlvltl•$ 2,343.643 399.376 Cash flows from flnanclng acllvltles New short.lerm loans 380,900 19,1811 150,0(N) Ropaymenl of short-lemi loans New long-tem loans R8pgym8nl of long-lenn non securad loans Interest paid 54.500 {781,0271 13,7161 1545.1071 {8,6011 Net cash flows from fSnanclng attivitltts 1413.024) 1349.2081 Net Increas&lldecrèa$èl In cash and cash equlvalents In the year 2,648,253 638,404 Cash and ¢ash oqulva18nl at the beginning (>f th9 year 23 1,336.523 698,119 Cash and cash equivalents al ihè 8nd of the year 23 3.984.776 1,336,523 -20-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles Accountlng conventlon The financSal statèments arè prepared und8r th9 historical c¢)31 wrw6ntlon. Compliance wlth accounting standards The financial stat8ménts hav8 been prepared in accordance with Accounting 8nd Rèporting by Charities.. Stalgmènl of Recommended Practice ISORPI applbcable to charities preparing Ihgir accounts In a¢¢ordan¢e wth the Financlal Reporting Standard applicable in th8 UK and Republlc of Ireland IFRS 1021 leffecllve 1 January 20201- IChariti&s SORP IFRS 102}I, the Financial Reporting standard applicable in the UK and republlc of Ireland IFRS 1021 and the Compani85 Act 2006. DHEF meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inStially re¢ognlsed al hlstorical co81 or Irdnsaction value unless otherwis8 Stated in the relevant accounting polScy notelsl. Objects and organlsatlon DHEF encourages families and especially wom8n of all ag85 and cultures and from every sector of society lo rga¢h their pol8nlial through formal and informal education81 prole¢ts. DHEF has a Chrisiian ethos and in lis actsvilies promotes rgspect lor the individual, personal freedom. self-confidencè and raswnsibl8 attltud&s Sn prof&ssSonal, private and public lif8. Wè operate in & d8volv8d m8n8gem8nl structure which enables us Ici respond b8tter lo local n88d5 and ft>ster initiative at ground l&vel. Our local Managemgnl Comrritt8es deal wllh th8 day-to-day m8nagemenl of tho ¢8nlfgS in accordance wlth th8 ethos ol the charity. They r8POrt to an Ex8CUtiV8 Committ98 which in tsjrn is r8SPOn51b18 to tho Trustees. Dawliffe Hall Educallonal Foundation Is a registered charity for the advancement of 8duoation wthln the Chrfstian Ideal, incorpDra19d under th8 Companies Act 2006, limited by guarantee and having no share capital.11 is organised as follows- Ownership of various properties, the financing of the related mortgages, fundraising activities and general adrninistralion are the rgsponsibllity of th8 Foundation. The oporation of the propertles is the responsibility of thg various house managem8nt cornrnitt88s, and they are run in accordance wllh the principles of the Foundation and lo achieve ils obj8CttV8s. In order to compty with the Charities SORP and as advised by the Charity Commissioners, ihe financial statements Irlde the results of 40 of the m8n8gemenl committees, as they afe deemed lo be branches wiihin the meanlng of the SORP. These are Ashwell Hous8 and Haz8lwood House. Those of some smaller management committees are not included. All trdn8actions beveen the company and Ih88e management comrnittees havo been eliminatgd on consoSldat60n. Income Income is recognised when the charity has enliUem6nt thè fijnds. any perfomance condilions attached lo the stemlsl of income have en m&t, 1 is probable that tha incom8 will be received. and amount ¢an b¢ measured rellably. Income from gowemmenl and other grants, whelher'capital, grants or'revenue, grant8, is recognised when thg charity has ents'tlem8nl to th8 nds, any perfomance conditions attached to the grants have been mel. il is probable that the income will be reco0d, and Ihe amounl can be maasured 113bfy and is not deforr8d. For legacies. entitlement is taken as the earfier of the dale on which either.. Ihe charity is aware that probate ha8 been granted. thè estate has been finallsad and notiflcabon has been madg by tho gxocutorlsl lo Ihe Trust ihal a distribution wlll be made. or wh9n a dlstributlon Is receiv8d frotn th8 851ate. Receipt of a18gaoy, in who18 or in part. is only considered probabl8 when the amount can be measured reliably, and the charity has been notlfjed of the executorfs intention lo make a dlslribulion. Where18gacies have been notified lo the charfly, or thè charity is aware of the granting of probate, and the crlleria ft>r income CognItion have not been met, then the legacy is a trttaled as a contingent asset. All incoming resources are sourced from the United Kingdlyn. 21
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollel•$ Icontlnuedl Donated Servlces And facillt5es In accordance wlth thè Charities SORP IFRS 1021, the general volunlger lima 18 not recognlsgd. W& ar8 vary 8w&re of the great benefit the chodty raceivgs from all lis voluntèers. Please refer to thè truslge's annual pOrt for mor8 information about their onlribution. Interest r•c•lvabl8 Interest on fvnds on dopos11 is included wh&n receivable and the amount can bg rneasLtred reliably by th8 charity- this is nomialty upon notification of the interèst P8id or payabla by Ihè Bank. Expenditure and Irr•coverable VAT Expenditure is recognised tsnc8 there is a legal or ¢onstructive obllgauon to rHak8 a payment to a third party,11 is probhbly that settlemanl wll be reqUid, and the amount of the oblig81ion can be measur8d rgliably. Expenditure is ¢la55ifigd undar the following actwity headings.. Costs of raisiw ndS ¢omprise the cost of organi8ing any fundraising acbvity as well as eosl$ a580cialed wllh fundraising such as salary costs or admlnlstration of on-line Collecting ag8nci88 overheads. Ch&ri18ble activities Include costs necessary for the work ofthe charity guch as staff and runnlng costs. Irrecovorable VAT is charged a8 a cost against th6 acbvity for which thè &xp8ndilure was incurred. Allocatlon of support costs SupFrf)rt CO8ls are thos& functions that assist thè work of the charity but do Aol directly undertakè charitable aclivilies. Support costs Includo the cost of employing the staff in th8 h8ad (Trffice where th6 administrauon of the charfty Lq done. Tanglbl• ftxed assets and depreclatlon Tangible fixed assets, other than freehold land, are stated at cosl1gss depreckqtion. Dir8¢1 costs of iangible assèts a Bapi181ised when Ihe managgment commltt89 believes the asset wlll be of long-tem benefit lo the Charity. Depreciation Is provided at rates calculated to writè off the cost less eslmal8d iesidual valuè of èaeh a58et over its expected usofvl life. Most fixturgs and flthngs are depreciated overtsn years. Land and bulldlngs freehold Flxlures, fittings & equipment Buildings- over 100 years straight lin& Over 3, 5 & 10 y8ars slratghl line 1.10 D•btors and Cr•dltors recelvablelpayablè wlthln one year Debtors and creditors with no stated inleresl iale and recelvablg or payable thIn on& year are recorded at tran$actlon price. Any losses arlsing Irorn impalmienl arg r8cognised in expenditure. 1.11 Loants and borrowings Loans and borrowings are Initial recognised al the Iransactlon price Including transaction costs. Subsequent, Ih8y are measur8d al amortised cost using the effectivè Inl8r981 rdle method. less irnpaimwnt. If an arrangement conslltuteg a finance Iransaciion it is measured at presènt value. 22-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles Icontlnuedl 1.12 <)ncessionary loans Coneession8ry loans include thos8 payable lo ihird parties whlch arè inlerasl fre& or b8low market interest ralos and are made lo advance charitable purposes. Where loans are repayable on d8rnand within one year, the loan is maaSud at cost. Where loans are repayable in mor8 than one year. the loan Is Initially mea¥ur8d al th8 amount received with th8 carrying amount adjusted in subsequent years to refiect repayments. 1.13 ImpaSmient Assets nol measured al fair value are revlewed for any Indlcation that the asset may be impaired al each balance sheet dale. If such indlcation 8xits, (h8 recoverable amount of the assgt, or the asset's cash generatlng unit, is esllmatad and comparad to the carrylng amount. 1.14 Forelgn Curr•ney translatlon Monetary assels and liabilities denominaled In foi6lgn cuirencl88 are translated Into slerflng at the rates of exchange njling al the balBnce sh8el date. Transaclickns In lor8vJn currencies are recorded at the ral& njling at the dats of th& trangaclion. All differ&nc8s ar8 Shown in other expendiluro on the slalemenl of financial actlwdes and Income and expèndlture account. 1.15 Golng Concern Covld-19 r8slricts.ons were lifted In 2021 allowing both Ashwell and Haze00 to resum8 r8gular activiti88 with income levels recovering and retuming to nomal18vels. Cash reserves ol the Charity ramain high and cons8qu8nUy th8 Trus188s are satisfied that the Charity h88 adequate SOurCeS tts continu8 in operational existence ft)r thè foreseeabl8 futur8. For this r898on, the financial 5ta10rnenls have been prepar6d on th8 going concem basis. 1.16 Judggmonts and koy sourcè$ of o$tlmatlon uncertalnty The key assumpbons concemlng the future and 0th8r k&y Sources ofestimalion uertaInty at the porting dale that have significant risk of causing material adjustment lo th8 carrying arnounls of assets and Ilablliiles wllhin th& next financial year are depreciation and fvture costs associated wth the Orme Court properties (see note 191. Depreciatlon is provid8d al rates calculated to wrtts off the cost less osumated resldual value of each asset over Its expected useful lif8. 2. Donations and Legacles DHEF Ashwell Hazelwood Total Total House 2021 2020 Donations 671,905 18,996 68,003 758,904 868,208 Fundraising 240 240 919 Grants Unr•strlctod 671,905 18,996 68,243 889,127 Th8r8 ware no resthcted (k)natlons durlng 202112020.. £Nill. 23-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 3. Incomg from Charllable actlvltles DHEF Ashwell House Hazelwood Total 2021 Total 2020 Fe88 157 266,635 119,411 386,203 344,509 Contributions 172,269 19,780 583 192,632 102,534 Covid Grants 12,134 27,IT9 39,313 Unr8slrlcted 184,560 313,594 119.994 618,148 505.558 4. Incomo from other aetlvltl•8 The charity recelves thè rèntal income nel of any expense fr)r the propeFti88 il has an agreement lo purcha8e from Netherthall Educational Associatlon1888 note 191. The charty has also rec8iV8d somg r8nlal inc¢Kne from 1 Chelsea Embankmènt. 5, Investment Incom& All the Charity's investment income £8,06712020.' £11,317) arises from money held In int8r8st bearing d8posil accounts. 6. Analysls of oxfftndlture on charltabl• actlvltl•s DHEF A$hw?11 Hous? Haz?Iwood Total 2021 Advitles undertak8n directly Giants to other charits'es Supptyi c08ts 216,234 101,475 240,397 331.371 97,016 644,6Z1 101,475 343,425 51.514 51,514 558 106 382,885 148 530 1089,521 Govemance &Su ort costs Head offic8 salBry cog18 49,438 10,594 10,594 70,626 HeAd office & Insuarance costs 39,880 8,546 8,546 S8,972 Interest Paid 3,206 687 667 4.S80 Dopreclation 137,793 29,527 29,527 196,847 Govemanc8 10,080 2.160 2,1 14,400 240,397 343.425 Support costs ate 8llo¢aled based on the space occupi8d. Exp8ndilure on charftabla adv4ties was £1,089,52112020'. £1.365,4421 all unre$lri¢ted. -24-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Summary •naly61s gf gxp?ndllure and rolatgd Incomo lor charltablg actlvltl8S DHEF A$hwo11 Hazolwood Total Hous8 Costs 1216.2341 184,560 1331,3711 313 594 (97.0161 119994 1644,6211 618,148 F••s Net cost funded from other Income 131,6741 117,77TI 22,978 126,4731 Interest Payable 2021 2020 Inte$t payab16 on non-sgcured loans 8,601 Not Incomèll#xpenditurg1 for the year Thls is slated after expenses I lin¢om81 of: 2021 2020 DepreciatSon of tanglbla as58ts Audit fee Inlgrg81 payable Forelgn exchanga loss Igainl 249.127 14,400 3,716 180.6761 232,587 14,400 8,601 85.279 10. Taxatlon Taxation recoverable represents tax lo be reclaimed from Gift Aid donatlons to the Charity. The charitable company is exempt from corporats'on lax on Sts charitable acb'vltl&s 11. Grants paid out 2021 2020 Paid io inslilulions PACT Grant Paid 60,033 41.442 68,925 25
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 12. An•lyBI8 of Staff Costs, trust00 rèmuneration and expenses, and the cost of key management personngl Numb•r of ernployee5 The averag& monthly numbgr of employ8ès {In¢ludlng directors) durlng the year was.. 2021 2020 Delivery of charitable activitVa8 Management and adminlslralron 22 24 26 28 2021 2020 Wagè$ and salaries Social securfty costs Pgnsron costs 332,773 7,767 317.417 34,213 11,911 352,5 363.541 No employees eamed £60,0(X) p.a. or rnore12020'. nlll. In aecordance with the Charitles Act 1993 and as allciwed by the Memorandum and Articles of the Charity. paym8llt5 can be mad8 to the Trustees of the Charfty. However, no charity trustee was pald or r8C95vgd any other benefits from the Charity this year12020.' £36,371). Two trustees w8r9 rgimbursed this year for oxp8nS88 In¢urred in fulfilmenl of thelr duties as Truste¢$.. Ana Bufbidge for travel expen888 of E113.55. and Ann Sennett for me81ings with scilicitors £10412020.. £nlll. The key manag8m8nl personnel of th8 charily cofflprise the truslegs, the Chi6f Ex8CLilpig Officer. Chief'Finance Officer, and tha Managèrs of Ashwell and HaZebO0d House respectively. The lolal employtse b8n8fits of Ihg key management personnel of th8 Foundation w8rg £70,62612020'. £62.3551. 13. Related party transactions The following directors havg made loans lo the company. Thgs9 have no fixed repayment tems and are disclosed In th8 accounts under creditors falling due within one year. N(> Inlgresl was due or paid during tha year. 2021 2020 A. 88nn8tt 24,000 24,000 26-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees. Key Managemènt Personnel, and thèir famllles may give donations lo DHEF. 2021 2020 A. Bennelt C. MA Mulhall 650 100 14. Tanglbl• fix•d assots for u8• by th• charlty Land and bulldlngs freèhold Flxtures, fittings & oqulpment Total Cost At 1 January 2021 AdditSons 13.960,6 1.801.607 200,058 16.428 15.762,297 200,058 Dk%pos8L4 179,018 At 31 Dscemb8r 2021 13,781.672 1,985,237 15766909 D•pr•clatlon Al 1 January 2021 Charge for the year D8prèciath)n on dlsposal 2,352,024 127,715 55,468 932,516 121,412 5,963 3,284,540 249,127 61.431 At 3106eèmb8r 2021 2.424,271 1047 965 3,472 236 Net bogk valu? Al 31 Oecernber 2021 11357401 937 272 12.294.673 Al 31 Decernber 202 11,608,666 869,090 12,477.756 15. Debtors 2021 2020 Tax re¢ovfyrabl& Other debtors Loan to PACT Dèposits and shortfalls Isea nola 191 6,241 23.563 T13.500 6,142,543 36,259 114,972 1,027.000 6.142,543 6,945,846 7,320,774 -27-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Amounts falling du8 aft8r morg than one year and Included in the debtors above are.. 2021 2020 Loan to PACT Deposits and shortfalls Isge note 191 773,500 520,0(K) 6,142.543 16. Credltors.. amounts falling due wllhln ono year 2021 2020 8ank and othèr loans Concessionary loans Taxation and social sgcuiity Other credltors and accruals 291,027 1,573,354 1,738 1,695,073 2,350 50,105 74,502 1.747,528 1.940,621 I the loans are unsècur8d loans. 17. Croditor¥: amounts falllng due after moro than ona yèar 2021 2020 othgr foans ConcègsEonary loans 756,402 1.077.078 Analy818 of loans Not wholly paYable withln ffve years by in$talments Wholly r8payable withln fiv8 y83rs 82,352 2,369,123 199,745 2 741 714 2,451,475 1.695,073 2.941,459 1 864,381 Included in curr8nt1SabillNos T56,402 1,077,078 Loan maturlty analysls Bgtwgen iwo and fiva years In fve years or more 674,050 82,352 877,333 199,745 Tha £3.716 Inleresl paid on Ihe uns6cur8d loan of £291.027 was al a fixed rale Df 1.7%. Thls is th8 only un8ecured loan of tho Chority and il has now b88n complgtgly repaid. Conc95sionary loans amount to £ 2.451.475 8re non-interest bearfng and not sècured 108ns. 28-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 18. Fund reconclllatlon Unre$trlcted Funds 1 January 2021 Incomg Expendllure Tran$for$ 31 Decemb 2021 Gen8ral Fund 5,639,597 3,693,532 {1,089,5211 183,084 8.426,692 D88ignated 12.4TI.757 1183,084) 12,294,673 18.117,354 3,693,532 11,089,521} 20.721,365 Th8 Irusteès havè set a$ld8 part of the unrestricted funds relating to fixed assets that are used for the furtheranc8 of the chadty's purposes as a dgsignaled fund. This tund remalns part of the unrestrlctsd funds of the charity, while quanufying th8 charity's reserve wlitty and th8 level of r88erves il holds. Fund deserlptlons al Unrastrthd funds Th8 unrestn'ct8d itnds are those funds held by thè Charity forth8 charitabl8 objeolives. bl Designated funds Th8 fund represents an amount set aside by the trust8è5. from gen8ral funds. lo apportion th8 valug of function81 fixeil a8sels Used for the fvrth8rance oflhe charity's alms. Analysis of net assets belween funds Unreslrlcted Funds Oeslgnated Funds Total Funds Fund balancos at 31 Dèc•mbor 2021 Tanglbla fixad assats Current a55ets Cr8ditors'. amounts failing due Ihln on& year Cr8dltors'. amounts falling due aftgT ong year 12,294,673 12,294,673 10,930,622 10.930.622 11.747,5281 11,747,528) {756,4021 1756,4021 Tol81 n8t a8s8ts 8,426,692 12,294,673 20,721,365 -29-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 19. Contlngent Il&blliti?$ DHEF has entered into an agreement to purchase a property, 3 Orme Court, Londtsn W2, from Netherhall EducatlDnal ASS(l8110n, another charlty with sirlli18T objectives, for UP to £2.5m at some point In thg fvlure. when vaeant posses&or7 of the whole property is avallab18. In the ffleantime, they have paid a daptssll of £1.Sm Its th8 vendors, whloh Is included in d8btors. A S8cond agreement has been ent8rod into with the same vendor on the same t8mis with regard lo an adIent property al 2 Orm8 Court. Th& prlc& of th8 second propgrty is £3.6m. Thls amount ha$ bèen paid to the vendors and 18 Includ8d In debtors. Under the 8gr88ments. DHEF will recelve any surplus or make good to the vendors any shortfall in njnning expenses and mortgag8 repayments not coverad by thg rgnls received from the propertles. DHEF Is also responsible forth8 cost of alteration8 and r&(urbishmenl of the propertles. To date the co81 of fUrb1shMent on the first property is £616,52912020.. £616,529) and £425,97812020.' £425,9781 on the s8cond and both these amounts are also In¢lud8d in dtsblors. It Ss not po$8ibl& lo quantify This debtor has trdnsferred thls year lo d&btors within on8 y8ar as we expect to change and complete before the end of 2022. Members guarantèe Each member has guaran18ed lo ¢ontribule lo the ass&ls in thg event of any unpald debis shouhd the company be wound up. The guarantee Is Ilmlled lo £1 p8r mèrnber. 21. Lgswr op&ratlng1o8$0 Thè opgrallng lea8e represents a lease grant8d to 8 third paty. The lease was negotiat8d ov8r18rm3 of 25 yearn and rental were red for 5 y88rs. Under the lease the tenanl was perrDitted to lemiinate the laase on 31st of August tn any year of the contract lem subject lo at least 6 months. notlce in writing. The tenant seNed ntstice in writing on the 28 Fgbruary 2021 and the lease was t8rrninat8d on the 3191 August 2021. Total income from Ihg lease in 2021 £55,723. 22. Reconclllatlon of operaling proflt to net cash louffiowylnflow from opèratlng actItIeS 2021 2020 Op8ratlng profit 455.892 160.270 Dtspre¢ialion of tangible Bssets 249,127 232,587 Intèr8st rac8ivable 18.0671 111,3171 In18resl payable 3,718 8,601 D9creas91llncrea8e} in debtors 121,428 84.897 Increase In Ildecre85e} In Creditors 123.7861 27,805 Foreign exchango loss 180,6761 85.393 Nel cash louffiowyinflow from op8raling activities 717.634 $88,236 30-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 23. Analysls of cash and cash equlvalents 2021 2020 Cash in hand 3,574,776 1,286.523 On dep0811 410.000 50,000 Total cash arKJ cash equivalents 3,984,778 1.336,523