Company Registration No. 1450892 (England and Wales) 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 2024
DAWLIFFE HALL EDUCATIONAL FOUNDATION CONTENTS Page Directors, and Trustees, report Auditors, report Statement of financial activities and income & expenditure account 14 Balance sheet 15 Cash flow statement 16 Notes to the financial statements 17-25
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 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 slalemenls for the year ended 31 December 2024 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 Associalion. and Accounting and Reporting by Charities.. Slalement 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 1021 (effective 1 January 2015}. CHAIR'S REPORT Over the last faw years, the trustees realised that there was a need lo study how best to expand DHEF'S work in the future, especially wilh young people and families. bul also lo make sure that the centres have the state-of-the-art facilities which they need to carry out this work. The trustees decided that this was a twofold challenge and required additional support and expertise. To meet this need, Tamezin, which is a registered Charity with number 1213835 was sel up in 2024 to oversee all Ihe activities that lake place in and from the cenlres in the various properties owned by DHEF. The responsibility for the managernent and running of the centres by Tamezin comes with the strict condition that all activities carried out are in acGordance with the visionlmission and values of DHEF as set out in its legal objects. With the establishment of Tamezin. DHEF can now concentrate on the future development of projecls supported by il and look at Ihe practical areas of providing the material facilities thal meet the ever- changing legislation and government recommendations. With Tamezin the centres have the support and access to expértise they need to carry out their mission in accordance with our overall aims. Tamezin can build on the solid foundation laid down by DHEF over the years, and grow its outreach and service to families, women and children. The transfer of activities lo Tamezin will enable the core mission of DHEF to meet the challenges of the modern world. Work on the Orme Court Project continued during 2024. We are on target for compl81ion during 2025 when this centre will be ready for use. We moved fonmard with our plans to dispose of some of our assets which are no longer fil for purpose. Once these properties are sold the trustees will decide on the priorities for expansion as well as make funds available to improve and Ltpgrade the facilities of our existing premises in order to enhance the scope for activities carried out in Ihese centres. To make our dreams a reality, We, as always. rely on the help of our many benefactors and volunteers. We are deeply grateful to them for their continuing generosity, which makes possible all lh8 work we undertake. We are confident that the changes we have outlined above will benefit all those who contribute to and benefit from our activities. 2024 was therefore a year of positiv& change which we trust will carry on to the future for the good of many. Ann C. Bennett Chair Date.. ,q.2oZ
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 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 developm8nt of character in accordancé with Christian principles and ideals To support, own and operate charitabl8 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 centr8 and as a base from which the work of the charity is done. Vision 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, h@Iping lo 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 learn lo 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 Iheir age or cultural background. Values DHEF promotes respect for the individual, personal freedom, self-confidence and responsible altitudes in professional. private and public life. Approach In shaping our activities. the Iruslees have considered the Charity Commission's guidance on public benefit {including the guidance 'public benefit.. running a charily, {PB2)). In particular, the trustees consider how our planned activities contnbute to our educational objectives. DHEF cenlres provide a warm and welcoming environment for women of all ages. offering opportunities to widen educational horizons and to lake 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 lo achieve. Our work with adults aims lo offer practical help with personal, social and family development. Who benefits from DHEF propertieslcentres? DHEF encourages families and especially women ofall ages and cultures and from every sector of society lo 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-confidenc8 and responsible attitudes in professional, private and public life. DHEF owns seven properties or educational cenlres in the United Kingdom, each centre is run by a Management Committee that oversees the charitable activities in and from centre. The Iruslees of DHEF saw the need for a body lo assist and support the Management Commillees in providing educational and charitable services being offered in the centres owned by the Foundation.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 In response lo this need Tamezin (which is also a registered charity with similar aims to those of Ihe Foundation) was sel up in 2024 and has been given the responsibility for the running and organisation of the different activities in the various cenlres. The responsibility for the management and running of the educational activities have been therefore transferred lo Tamezin with the stipulation that all activities in and from the centres are in accordan with the visionlmission and values of DHEF Tamezin also aims to keep up to date with the changes in Charity legislation and practice which it can pass on to various Management Committees to ensure that they are delivering the charitable services in accordance with the Foundation's objects. This delegation of responsibilities will enable the Foundation lo concentrate more on the expansion of the charitable services being offered in its various ntreS and the ability to provide state of the art facilities for all ils beneficiaries throughout the country. AII DHEF educational centres include in some way the following two aspects= 1. Activities for young people where they learn lo 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 lime to help others. All the activities take place in an atmosphere of cheerfulness and fun. 2. Families are supported through talks, 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. Activities currently organised in and from its centres are listed below. Ashwell House wvNI.ashwellhouse.or Ashwell House continues to servè thè neads of female students in London. During 2024, DHEF'S sludenl residence, located in the heart of London, was a home from home for domestic and international students. The residence was filled to capacity throughout the academic year 2023-2024. Ashwèll Hous8 off8rs high quality accommodation and also supports students in their personal development. Students benefit from individual mentoring. which helps them navigate the emotions and stresses of university life. This is particularly important at a lirne when many young people are experiencing poor mental health. Residents al Ashwell are encouraged lo join in with the range of cultural activities organised each term. This is key to helping students to use their leisure time well and lo have a good sludylleisure balance. Volunteering is particularly important and during 2024, residents took part in regular sandwich runs to support the homeless in the local area. A highlight of the year was a trip to Rome during Holy Week. A large group from Ashwell joined other students from around the world for several days of spiritual and cultural input.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Ashwell House continues to offer life enhancing experiences as part of DHEF'S goal to help women fulfil their potential. In 2024, Ashwell residents took part in a 100 km walking pilgrimage to Santiago de Composlela. Other oulslanding events were a careers fair and the traditional Christmas concert which attracted over 150 people. During 2024, Ashwell House maintained ils reputation as an outstanding residence. Sarah wrote.. 'My beautiful home away from home, Ashwell House. I've stayed here for two years and have had an unforgettable experience I will cherish for life., Anastanija described Ashwell House as 'not just a place to stay, but a supportive and lively community.. Citalli said. The sense of community fostered here is remarkable. During my time at Ashwell, I've had the opportunity to make lasting Iriendships with people from all over the worfd and learn about different cultures. Hazelwood House www.hazelwoodhouse.o 2024 was a vibrant year for Hazelwood House. The youth club continued to offer local girts a safe and nurturing space outside school. During 2024 more mothers were involved in running activities, which was a great way lo help foster good mother and daughter relationships. Hazelwood House is ideally suited to offer fun activities to bring together local people. This is important in a culture where loneliness and isolation are a growing social problem. The annual Hazelwood House dog show fulfils a key role in the local community. 2024 saw more canine 8ntrants than ever before, enabling their owners to renew friendships and experience a greater sense of belonging. In line with DHEF'S central goal lo support families. Hazelwood House welcomed the Messy Families Project from the USA. in March 2024. Project founders. Mike and Alicia Hernon gave presentations over an afternoon and evening to a packed audience, covering issues such as setting clear boundaries for children, learning how to respond and not react and how lo navigate the messiness of family life. Supporting families Supporting families continues to be a priority for DHEF. During 2024 regular sessions for young mothers were held al Winton, DHEF'S centre in Oxford. Mothers have an opportunity lo hear from an expert speaker as well as coming together to share their own experiences and learn from one another. This programme allracled a large number of mothers from the local community, and covered topics ranging from time management in a busy household to involving the whole family in keeping the housé clean and tidy. The Winlon programme fulfils DHEF'S mission to raise the slalus of the home and family lo make society better place for all families lo bring up their children. Hillcresl Family Centre in South London continues to be an important hub for local families. In particular, the centre has been running a SMART course for local mothers. The SMART course looks at the routine tasks of running the home and organising family life through the prism of five key specifics.. specific, measurable, achievable, relevant and lime bound. During 2024, families had an opportunity lo meel up at picnics and to attend tha annual family pilgrimage to Aylesford.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Inspiring young people 2024 saw DHEF expand its outreach to young people. Activity base clubs for girls flourished in Hazelwood House, Hillcrest Family Centre and Winton. The clubs offer girls and teenagers a wide range of activities.. crafts, cooking and sports. A distinctive feature of the clubs is the one-to-one mentoring offered to each one. This helps the girls to understand themselves b8ller and contribut8S to their personal growth. DHEF promotes volunteering as a key way to help young people gain a widér understanding of the world around them. Winlon runs a programme for students in Oxford including monthly sandwich runs for the homeless and singing in local care homes. Winton has also developed an outreach of spiritual formation for students al Bristol University. Bristol students are contributing to their local community through teaGhing catechism in local parishes. A highlight of 2024 was an overseas volunteering project. 30 young women travelled to Croatia to work with the Sisters of Charity looking after some of the poorest people in Zagreb. This was an inspirational experience for those who took part, giving them a deep insight into the plight of people living with the minimum needed to sustain life. The trip also combined a spiritual dimension with a visit to Médjugorje. Wellbeing and mental health Tha DHEF Wellbaing Team facilitated two important events in 2024. 'Building character in young people. was a day conference aimed at giving parents the confidence to navigate the teenage years. The sessions were led by Ciro Candia. a former headteacher and founder of ProParent, a national parenting network. The conference was well received wilh feedback such as. l only wish I had heard these ideas a few years ago. And. Lots to get my teeth into now and my wife and I will begin putting these ideas into practice. The Wellbeing Team identified that many people struggle to make sense of an increasingly noisy and confusing world. They responded to this need by holding an event tilled 'The Pillars of Happiness,. The seminar looked at a sense of belonging, purpose and meaning in life, seeking positive emotions and a sense of tranSndence. This event allracted people from across south London. Social inclusion The DHEF property in Brixlon located in south London is home to the Baytree Centra, a social inclusion project catering to women of all ages. Baytree. which started life as project of DHEF and now a charity in its own righl since 2017, conlinued to expand its mission lo empower women and girls, with 420kn moro women using their Servi$. 600 individuals were enabled by Baytree and its partners lo a¢sS grants to significantly improve their financial stability. This meets DHEF'S rernit to relieve poverty. During 2024, 496 girls and young women participated in 3,400 sessions aimed al developing new skills, building confidence and resilience and enabling girls lo thrive al school. This was made possible by a marked expansion of the volunteer base, with over 400 volunteers giving more than 7,600 hours of their time.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW On 1 January 2024, activities and operations of Ashwell House and Hazelwood House become part of Tamezin which is the charity now responsible for the management and running of Ihe educational activities of DHEF properties. The financial activities of both Ashwell House and Hazelhouse no longer form part of the DHEF accounts. We will refer in this review lo the continued activities of the Charity wilhoul these two Gentres as shown in the SOFA. Income in 2024 increased mainly due to a higher income from investments (from £134,361 in 2023 to £444.889 in 20241 which comes from Interest on funds on deposit. Expenditure on charitable activities also increased (from £1.025,227 in 2023 10 £1,083.020 in 20241, due mainly to the rent on the lease signed for Pembridge House after the sale of this property in January 2024. The operating profit declined lo £258,389 in 2024 from the 2023 figure of £294,318. DHEF sold a property129 Pembridge Squarel for £9.415.640, boosting total profil to £9.369,172. The Orme Court building project, a long-lerm future project of the Charity, is due for completion by the end of 2025. Payments towards this project of £4.467,518 in 2024, give us a total investment of £6,062,114 as shown in the balance sheet under Assets under construction. With the completion of the refurbishment of these properties, DHEF has good prospects for income from these properties. and the Charity can look forward to better operating profits in the future. Reserves Policy DHEF holds its properties in order lo deliver the charitable educational aims, and so these properties are not considered as part of Ihe charity's reserves as their sale would impact th6 ability of the charity to deliver ils objectives. DHEF does need lo hold reserves for two main reasons. Firstly, resetves 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 Euro and therefore the charity is exposed lo Euro exchange rale differences. The charity only has concessionary loans {non-interest-bearing loans) with a flexible repayment schedule. Al 31 December 2024 the charity held reserves of £30,394.855 (2023 £21,091,394) Those funds held as fixed assets for charitable purposes are £25,724,38112023'. £19,974.772), and a general fund of £4,670.474 (2023.. £1,101,617). The Board considers this position lo be satisfactory and reviews the reserves levels regularly. Risk Management The direGtors are aware that DHEF'S activities depend lo a large extent on voluntsry 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 lo maintain relationships with these supporters and to increase their numbers. The wide spread of donors across the United Kingdom miligales the risk from any one donor. The charity does also receive unseGured 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 sel lo cover the cost of running such activities.
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDEO 31 DECEMBER 2024 Grants given for specific activities or educational activities are strictly applied lo those activities and efforts are made to ensure the Gosts 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 operational fixed assets by appropriate maintenance and insurance To charity resources by appropriate control procedures Structuro, 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 261h 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 belter to local needs and to foster initiativés at ground lèv61. The Trustees meet at least quarterly to make policy decisions and are kept fully aware of the activities of the Charity. The Trustees of DHEF Scotland are Ihe same as those of DHEF. Appointment of Trusteès Nominationslapplications lo become a Trustee are sent lo 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. There is a policy for Ihe provision of an induction pack to be given lo all new Truste85 which is kepl up to date. There is no formal poliGy for the training of Trustees, but eaoh Trustee keeps up to date through Continuing Professional Development, attending courses, elc. As stated in the Charity's Articles of Association, one third of the Trustees shall retire by rolation at the Annual General Meeting. Mary Mulhall and Anna Burbidge both stood down as trustees in the Annual General Meeting of 19th September 2024 and both were re-elected Ann Bennett received no disbursement in relation lo her work as the Charity's solicitor. Pay and Rèmuneration of Key Management Porsonnel The key management personnel of the charity, comprise the Trustees, the Chief Executive Officer and Chief Financial Officer. The charity is fortunate to have staff with amazing loyally 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.
OAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Reference and administrative details Locations Ashwell House Shepherdess Walk London N17NA Dawliffe Hall 2 Chelsea Embankment London SW3 4LG Hazelwood 52 First Gardens Glasgow G41 5NB Hillcresl 33 Plough Lane Purley Surrey CR8 3QG Rydalwood 43 Pine Road Manchester M20 OUZ Winlon 114 Banbury Road Oxford OX2 6JU 1-3 Omie Court London W2 4RL Baytree 300-302 Brixton Road London SW9 6AE www.dhef.or
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Company number 1450892 Registered charity number 278720 Scottish charity number SC039512 Registered office 10 Wellesléy Terraca London N1 7NA Audltor Rouse Audit LLP 55 Station Road Beaconsfield Bucks HP9 1QL Banks HSBC Bank pl 76-78 Kings Road London SW3 4TZ Royal Bank of Scotland London Drummond 49 Charing Cross, London SW1A 2DX Solicitor Ann C. Bennett 2 Chelsea Embankment London SW3 4LG Chlef Executlve Officer Mafia Alvarez de Toledo Chief Finance Officer Isabel Abad Directors, who are also trustees Ann C. Bennett (Chair) Mary Mulhall Marta Sauri Anna Burbidge Elena Cardenal
DAWLIFFE HALL EDUCATIONAL FOUNDATION REPORT OF THE DIRECTORS & TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 Directors. and Trustees, responsibilities The Directors (who are also trustees of Dawliffe Educational Foundation for the purposes of company lawl 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 lo prepare a financial stalement 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.. seleot 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 lo any material departures disclosed and explained in Ihe financial statements prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the company and lo enable them to ensure that the financial slalemenls 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 disclosure to auditor As far as the directors are aware, there is no relevant audit information 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 lo make themselves aware of any relevant audit information and lo establish that the company's auditors are aware of that information. Signed Date 4-.q . L.(. Ann C. Bennett Chair 10
DAWLIFFE HALL EDUCATIONAL FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION Opinion We have audited the accounts of Dawliffe Hall Education Foundation Ilhe'charilable company'l for the year ended 31 December 2024 which comprise the Slalemenl of Financial Aclivilies, the Balance Sheet, the Slalement of Cash Flows and the notes lo the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their prepaolion is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the accounts.. give a true and fair view of the slate of the charitable company's affairs as al 31 December 2024 and of ils incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Invoslmenl (Scollandl Act 2005 and regulation 8 of the Charities Account IScolland} Regulations 2006. Basls for oplnlon Wa conducted our audit in accordance with International Siandards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in Ihe Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the accounts in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. Vve believe that tho audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial slalemenls, wè have concluded that the Irust8es' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating lo events or ¢onditions that, individually or collectively, may cast significant doubl on the charitable company's ability lo onlinue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue Our responsibilities and the responsibilities of the Iruslees with respect to going ¢oncem are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report, other than the accounts and our auditor's report Ihereon. The Trustees are responsible for the other information. Our opinion on Ihe accounts does not cover the other information and, except to the extent otherwise explicitly slated In our report. we do not express any form of assurance conclusion Ihereon. In connection w¢lh our audit of the accounts, our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether there is a material misslalement in the accounts or a material misslalemenl of the other information. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard.
DAWLIFFE HALL EDUCATIONAL FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION Opinions on other matters prescribed by the Companies Act 2006 and the Charities Accounts (Scotlandl Regulations 2006 In our opinion. based on the work undertaken in the course of our audit.. the information given in the Truslees, Report for the financial year for which the accounts are prepared is consislenl with the accounts., and the Trustees, Report has been prepafed in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the Trustees and ils environment obtained in the course of the audil. we have not identified material misslatemenls in the Strategic Report and the Trustees. Report. We have nothing lo report in respect of the following mallers in relation to which the Companies Act 2006 and the Charities Accounts Iscollandl Regulations 2006 requires us lo report lo you if. in our opinion.. adequate and proper accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us,. or the accounts are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit. Rg$ponsibilltles of Trustees As explained more fully in the Slalemenl of Trustees, Responsibilllies, the Trustees. {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparalion of the accounts and for being 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 error. In preparing the accounts, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable, mallers relaled lo going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or lo cease operations. or have no realistic allernalive but lo do so. Auditor'$ responsibllities for the audit of the financlal statements We have been appointed as auditor under section 4411 }Icl of the Charities and Trustee Investment IScolland} Act 2005 and under the Companies Acl 2006 and report in accordance with the Acts and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether ltte accounts as a whole are free from material misstalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan with ISAS IUKI will always delecl a material misslalemenl when it exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on Ihe basis of these accounts. Irregularities, including fffiud, are insiances of non-compliance with laws and regulations. We design procedures in line with our responsibililies. outlined above, lo delecl material misslalemenls in respect of irregularities, including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud, is detailed below. Tho extent to which tho audit was nSIdered capable of detecting irr9gularities includlng fraud Our approach lo identifying and assessing the risks of material misslalemenl in respect of irregularities. includlng fraud and non-compliance with laws and regulations. was as follows.. the engagement team collectively had the appropriate competence, capabilities and skills lo 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 of the charitable sector providing services lo unpaid carers, we identified the laws and regulations applicable lo the charitable company,. and 12
DAWLIFFE HALL EDUCATIONAL FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DAWLIFFE HALL EDUCATIONAL FOUNDATION focusing on the specific laws and regulations which we considered may have a direct material effect on the financial slalemenls or the operations of the charitable company, we assessed the exlenl of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant colrespondence. We assessed the susceplibilily of the charitable company's financial statement5 to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as lo where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. considering the internal controls in place lo mitigate risks of fraud and non-compliance wlh laws and regulations To address the risk of fraud through management bias and override of controls, we.. performed analyiical procedures lo identify any unusual or unexpected relationships., tested journal entries lo identify unusual Iransaclions,. assessed whether judgements and assumptions made in determining the accounting eslimales were indicative of potential bias,. investigated the rationale behind significant or unusual transactions., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included, bul were not limited lo.. agreeing financial slalemenl disclosures lo underlying supporting documenlalion., reading the minutes of meetings of those charged with governance.. enquiring of management as lo actual and potential liligalion and claims,. and reviewing Corresponden with HMRC. relevant regulators and the charitable company's legal wlvisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Iransaclions, the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations lo enquiry of the Iruslees and other managemenl and the inspection of regulatory and legal correspondence. if any. Material misslalements that arise due lo fraud can be harder lo delecl than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website al.. hllp'.Ilwww.frc.org.uklaudilorsresponsibili118s. This description forms parl of our auditor's report. This report is made solely lo the charitable company's members, a$ a body, in a¢¢ordan¢e with Chapter 3 of Part 16 of the Companies Act 2006, and lo the charitable company's Iruslees, as a body, in accordance with the section 4411)Icl of the Charities and Trustee Investment {SGolland} AGI 2005 and regulation 10 of the Charilles Accounts (Scollandl 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we are required lo slate lo them in an auditors. report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils members as a body. for our audit work, for this report, or for the opinions we have formed. Q_- LLf Lgighton Bower (Senior Statutory Audltor) for and on behalf of Rouse Audlt LLP Date: Chartered Aceountants Statutory Auditor 55 Station Road Beaconsfield Bucks HP9 1QL 13
DAWLIFFE HALL EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES AND INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Di5o)nb'nu8d Conb'nued DHEF Dis(xnlinued Contlnued DHEF Activilies Activit8 Consolidated Total Total 2024 2024 2024 2023 2023 2023 Income Donalions Legad88 452.806 452.806 59.219 Sff2.293 581.512 Chariiable AcllvlU8$ 400.311 400.311 789.344 131,462 920,80e Other Activities 14.400 14.400 30.Q50 13.972 44.022 Investments 444.889 444.889 285 134.361 134.646 Olhw Income 29.003 29,(X)3 18.284 18.284 Total Income 1.341.409 1,341,409 878,898 8W,372 1,679,270 Ex endl Chariiable acllv4lle8 1,083.020 1,083.020 523.093 1,025.227 1,548.320 Payments made lolrecdved by DHEF 423.eoo 1423.6001 Transfer oftangible a55ets Di5tribulion of net curr8nt a55e15 95,573 195,5731 65.711 85,711 Total Expendlture 65,711 1.083.020 1.148.731 1,042.266 506,054 1,M8,320 Operatlng Profil 165.7111 258,389 192,67 1163,36BI 294,318 130,950 Prtsflt on sa10 of a558ts 15 9.110.T83 9,110,783 Net movement In funds 165,7111 9,369,172 9,303,461 1163,3681 294,318 130.950 Total funds brought forward 65.711 21.025,683 21,091.394 229.079 20.731.365 20,960.444 Total funils carrled lorward 14 30,394,855 30,394,855 85.711 21.025,683 21,091.394 The stalement of financial activltl8s and Incomè and èxpènditure 8ccounl has been prepared on the basis thal all operations are continuing operations. There are no recogni5ed gains and Ios59S Other than those passing through the sialernenl of financial activities and income and expenditure account. The statement of financial activiti8s also compli85 with th8 requirements for an income and expenditure accounl under Companies Act 2006. 14
DAWLIFFE HALL EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxèd as$gts Tangible oss8ts 10 19,662,267 18,380,176 Assets under ¢onslruolion 10 6,062,114 1.594,596 Current assets Debtois.. amounts falling due wlhing one y88r 11 768,540 121.460 Loan to PACT falllng due withing one year 253,500 Loan lo PACT falling du6 after mor8 than one year 11 520.000 520,000 Cash al bank and in hand 17 6,065,050 3.142.282 7,353,590 4,037,242 Creditors amount falllng due within one year 13 {1.905,1771 12.373,677} Net current assets 5,448,414 1,663,565 Total asset5 les5 current liabilities 31,172,795 21,638,337 Cr8ditor5.- amount falllng due after more than one year 13 1777.940} 1546,9431 Funds 30,394,855 21,091,394 Restricted Fund 15.005 Unreslricled General Fund 4.670.474 1,101,617 Unrestricted Designaied Fund 25.724.381 19,974,772 14 30,394,855 21,091,394 The notes on pages 2110 29 form part ofthes8 a¢¢ovnts. Approved by the Board and aulhorised for issue on Elena Cardenal Dlrector ompany Reglslratlon No. 1450892 15
DAWLIFFE HALL EDUCATIONAL FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Nèt Ca$h flows from operating aetlvltle5 16 1426,3951 356,398 Cash flow from Inv•stm•nt actlvltles Purchasè ol propaty, pl8nl and equipment io 11,922,775> 1291,7131 Proceeds from sale of assets 15 9,390.197 Payments towardg assets undèr construction 10 14,467.5181 11,195,255) Interest received 444,889 134,646 PACT loan repayment 13 253,500 Net cash flows from Investment activitles 3,698,293 11,352,322) Ca$h flows from flnanclng activities New short temi loans 505,000 680.000 Rgpaymenl of short lemi loans 1614,1301 127.0001 Repayment of long-temi non secured loans 1240,0001 N•t cash flow$ from flnanclng ctivities 1349,1301 653,000 Net increaselldecreasel In cash and cash equivalent In the year 2,922,768 1342,9241 Cash and cash equivalent at the beglnning of the year Cash and cash equivalents at the ond of tho yèar 17 3,142,282 3,485,206 17 6.065,050 3.142,282 16
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polieies Accountlng convontlon The financial siatements are prepared under Ihfj hlstorical cost nventIOn. Compllan¢o wlth accountlng 6tandards The financial stalernenls have been prepared in accordance with Accountlng and Rewrting by Charities.. Ststement of Recommended Practice ISORPI applicable to charities preparing Ih8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20231- (Charities SORP IFRS 10211, the Financial Reporting standard applicablo in tho UK and r8public of Ireland IFRS 1021 and the Companies Act 2006. DHEF meets the definition of a public benefil enlily under FRS 102. Asséts and li8bililies are initially recognis8d al hlstorfcal cost or transaction value unless otherwise stated in the relevant accounting polioy notelsl. Objècts and organlsatlon DHEF encourag&$ families 8nd especially women of all ages and cultures and from every sector of society lo reach their ptstential through formal and informal educational projects. DHEF has a Christian ethos and in its activities promotes respect for the individual. personal freedom, self-confidence and responsible attitudes in professional. private and public life. We op8rale in a devolved management struclure whleh enablfys us to rgspond better to local n88d$ and foster ini118tive al ground level. Our local Management Commiitees d8al with the doy-lo-day management of the centres in accordanc8 with the ethos of the charity. They port to an Executive Committeo which in turn is responsible lo the Trustees. Dawlrffé H811 Education81 Foundation is a registed charity for ihe advancement of education within the Christian ideal, ineorporaled under the Companies Act 2006, limited by guarantee and having no share capital. It is organised as follows.. Ownership of various propertles, the flnanclng of the related mortg8gfy$, fundraising aclwilies and general administr81ion are the responsibilily of the Foundation. The Baytree Centr0 15 under th8 r8sponsibility of Tho B8ytre8 Cgnlre with Charity numbgr 1175145 while the other DHEF properties are run by the r6spo¢kn'vo house man8ggmenl cornmitte8s under the Tespy)nsibility of Tamezin (Regislered Charily 12138351 Income Income is reco9nised when the chaiity has entitlément lo the funds, any perfomiance conditions attach8d lo the ilemlsl of income have been met. It Is probabl8 that th8 in¢om8 will be rtsceived, and amount can be measured reliably. Incorne from government and other grants, whelher'capitsl, grants or'revenue, grants, is recognised when the charity has 8nlillem8nl lo the funds, any perforrnance conditions attached lo Ihe grants have been mel, it is probable that the income will b8 reoeived, and the arnounl can be measured reliably and is not deferred. For legacies, entitlemenl is taken as the earlier of thè dat8 on whl¢h gilhor.. Ihg charity Is 8W8rg that prob818 has bean gr8nl8d. the estate has been finalised, and notification has been rnade by the exeoutorfsl lo the Trust that a distribution wll be made, or when a dlslribution Is re¢eived from the estal8. Re¢8ipl of a leg8cy. in whol8 or in part, is only considered probab18 wh8n the amount can be measured reliably, and the charity has been notified ol the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware Of the granting of probale, and the criteria for income recognition have not been met, then ihe legacy is a treated as a contlngenl asset. All incoming resourw are sourced from the United Kingdom. 17
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollrlg$ Icontlnugdl Donated 5ervlc95 and fa¢llities In accordanc8 with thè Charili&s SORP IFRS 1021, the general volunteer lime is not recognised. We are very 8w8re of the great benefit the charty rec8W98 frorn all ils volunteers. Please refer lo the Iruslee's annual report for rnore infomiab'on 8bout their contribution. Interest recelvable Interest on funds on deposit is included when rece*vable and the amount can be measured reliably by the charity., this is nomialty upon rlif1¢allOn of the interest paid or payable by the Bank. Expendlture and Imcov•rabl• VAT Expenditure is recognised once the is a legal or constnLtive obligation to make a payment to a third party, it is probably that settlement will be required, and the arnounl of ihe obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of raigng hjnds comprise the cosl ol organising any fundraising activity as well as costs ASS(lated with fundraising such as salary costs or administration of on-line collecting agencies overheads. Charitable activities include costs necessary lor the work ol the charity such as staff and running costs. Irrecoverable VAT is charged as a cost against the activity lor which the expenditure was incurred. Allocatlon of 611PPOrt costs Support costs ar¢ those fvnctions Ihal assist th8 work of Ihtr charity t1 do not directly undertake charitable 8ckn'vilies. Support costs include the cost of employing tha staff in Iha héad Office wh8r8 tha administration of th8 charity is don8. Tanglble flxed assets and depreciation Tangible fixed assets, other ihan freehold land, are staled al cosl less depreciation. Direct costs of iangible assets are oapit81ised when the management committee believes the asset will be of long-term benefit to the charity. Depreciation is provided at rates calculaled lo write off the cost less estimaled residual value of each assel over its expecled usefvl life. Most fixtures and fittings are depreciated over len years. Land and buildings freehold Fixtures, fittings & equipment Buildings- over 100 ygars slrawJhl line Over 3. 5 & 10 years straight line 1.10 Debtors and Credltors r•c•lvablelpayablo wlthln on• y•ar Debtors and credilors with no slated InteSt rate and receivable or payable within one year are corded at transaction price. Any losses arising from impainment are recognised in expenditure. Loans and borrowlngs Loans and borrowings are initially recognised at the transaction price induding transaction Costs. Subsequently, they are measured al amortised cost using the effective interest rate rnelhod, less impairnienl. If an arrangement conslitules a finance Iransaciion It is measured al present value. 18
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢ies Icontinuèdl 1.12 Concessionary loans Concessionary loans include those payable to third parties whlch are interest free or below markel Inte$t rates and are made to advance charitable purposes. Where loans are repayable on demand wltiin one year, the loan is measured at cost. Where loans are repayable in MO than one year, the loan Is Initlally m8asurod al th8 amount r8cèived with thè carying amount adjusled in subsequent years to reflect repayments. 1.13 Impairment Asseis not rneasud at fair value are reviewed foc any indication that Ihè assét may be impaired at each balan sheet dale. If such indication exlts, the recoverable amount ol the asset, or the asset's cash generating unlt. is estimated and compared to the carrying amount. Foreign Currency translallon Monetary assets and liabilities denorninated in for8tgn currencies are translated into slerfing al the rates of exchange ruling at the balance sheet dale. Transactions in foreign currencies are recorded al the rale ruling al the date of the Iransaclion. All differences are shown in other expenditure on the statement of financial activities and income and expendilure account. 1.15 Golng Concern C8sh reserves of the Charity rernain high and consequently the Trustees 8re sabsfied that the Charity has adequ819 r8sourceg lo oonlinue in operational existenc8 lor the foresee8ble fulvre. For this reason, the financial slalemenl8 h8ve been prepar1 on the going concerll basis. 1.16 Judgements and key sources of estlmatlon uncertainty The key assumptions conceming the future and other key sources of es(irnalion uncertainty al the reporting dale that have a significant risk of causing malerial adjustment to the carrying amounts ol assets and liabilities within Ihe next financial ye8r is depreciation. Depreciation is provided at rates calculated to write off the cost less eslirnaled residual value of each asset over ils expected useful life. Investmènt Incomo All the Charty's investrnenl incorn& £444,88912023.. £134,646) arises from money held in Inte$1 bearing dèposil accounts 19
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture on charltable actlviti*$ Total 2024 Activities undertaken dir8clly Grants to oth8r chariti85 284,335 126,330 Support costs 672,355 Transfer tsf a558ts 65,711 1.148,731 Governance and su ort costs Head offlce salary costs 118,358 Head oifice & insurance co815 ITI.573 Bank charges 874 Depreciation 361,270 Govgfnancglaudil 14,280 872,355 Analysls of expendltur? and rolated In¢om8 from eharltablè aetlvltlès Cost 1284.3351 Fees 4CX),311 Net cost funded from other income 115,976 Net Incomellexpendlturel for the year Thls Is stat•d after eharglng.. 2024 2023 Depreciation of tangible Assets 361,270 344,340 Audit fee 17,000 16,940 Forgign ex¢hang& Igainyloss 129.0031 118.2841 20-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Taxatlon Taxation e0Verable represents tax to be redaimed from Gift donations to th¢ Charity. Thg charil8ble ¢ompany is exempl rrom corporation tax on lis charitablè a¢livi11gs. Grants pald 2024 2023 Paid lo inslilulions 56,292 59,883 Grant pald to PACT 70,038 67,397 Total 126,330 127,280 Analysis of Staff Costs, trust88 remungration and expensgs, and Ihg Wst of kgy management personnel Number of employees The average monthly number of employees (including dlrectorsl durfng the yeai was.. DHEF Dlseontlnuèd Consolldated 2024 2023 2023 Delivery of charitable activities M8nagerngnl and adminislralion 18 18 19 23 DHEF Dlscontlnued Consolldatsd 2024 2023 2023 Wages and salaries 96,332 321,150 422,924 Social Security Costs P8n5ion Costs 3,209 14,117 23.141 18,817 10,805 15.893 Totsl 118,358 346,072 461.958 No employees gamed £fjO,000 p.8. or more12023.. £ nill. In accordan with the Charities Acl 1993 and as allowed by the Memorandum and Articles of the Charity, payments can be made to the Trustees of ihe Charity. However, no charity trustee was paid or received any other benefits from the Charity this year12023.' £nill. Two Irustees were 1MbUrSed this year lor expenses incurred in fulfilment of their duties as Trustees.. travel 8XP8lls&s wére paid lo Ann Bennett £1,38212023.. £1.2251, and £1312023.. £nill to Anlla Burbidge for the cost of ID Verificalioft. Following th8 $8p8r81ion of Ashwell and Hazelwood, the key management p8rsonn81 of the ¢hority now comprise the trustees. the Chief Executive Officer and the Chief Finance Officer. The total employee benefits of the key rnanagemenl per80nnel (>f the Charity in 2024 was £45.12312023.' £74.6921. 21
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Related party transactlons The following directors have made loans lo the company. Thèse have no fixed repayment terms and are dlsclosed In th& accounts under creditors falling due within one year. No Énleresl vrfas due or paid during thè year. 2024 2023 Bennett 16,000 24,000 Truste¢8. Key Management Personnel. and thelr fafflili85 may give donations to DHEF. 2024 2023 Mulh811 J 650 750 Bennett A 600 10. Tanglble fixed ass•ts for use by the charity Land and Fixtures, flttings & equipment Total bulldings freehold Cost At 1 January 2024 20,107,917 2,408,002 22,515.919 Additions 1,824,376 98,399 1,922.775 th'sposals 1364,9421 1364,9421 Al 31 Oecember 2024 21,567,351 2,506,401 24,073.752 Depreclatlon Al 1 January 2024 2,764,999 1,370,744 4.135.743 Charge for the year 182,197 179,073 361,270 Depreciatlon on di5pos81 185.5281 185,5281 At 310ec8mb8r 2024 2,861,668 1,549,817 4,411,48S Net book value Al 31 Deoemb8r 2024 18,705,683 956.584 19,662,267 Al 31 December 2023 17,342,918 1,037,258 18,380,176 The figures abov8 irKI(Kle the purchase of No 1 Orme Court, London W2, for £1.8m. The flguras abov9 do nol include £6,Oe2,114 under the hèading 'Assets under Construction" in the BaL8nce Sheet. which fers lo the cost of works related to the properties 1, 2 and 3 Ormg Court. London W2. These propèrli85 hav8 be8n undergoing a complete refurbishment lor the last two years. Works 8re expected to finish in 2025. when the lolal figur8 und8r this heading will b8 transferred to tangible assets. 22-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors 2024 2023 Tax recoverable 5.017 5.770 Other deblors Retained furids from sale of assets Loan lo PACT 263.523 115.fj90 500,000 520.000 773,500 1,288,540 894,960 Amounts falling due after more than one year and included in the debtors above are.. 2024 2023 Loan lo PACT 520,CKJO 520.000 12. Credltors.. amounts falllng due wlthln one year 2024 2023 Conceswonary k>8ns 1,671,943 2,211,073 Taxation and sctial security 1,957 4,835 Other creditors and accwals 231.27T 157.769 1,905,177 2,373,fj77 All the bans are unsecured loans. 13. Credltors.. amounts falllng due after more than one year 2024 2023 Conces8ionary108ns 777,940 546,943 Analysis of Loans Nol wholly repayable within flvè yèars by instalments Wholly repayable within five years 16,988 2.741,028 2.449.883 2,449,883 11,671,943) 2.758,016 12,211.0731 Included in current lialj'lities 777,940 546,943 Loan maturlty analysls Between Iwo and five years In fiv6 years or morè 777,940 529,95S 16.988 Con¢essionary108ns arnounl to £ 2.449,88312023.. £ 2,758,016) are non-inleresl bearing and not secured loans. 23
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14. Fund Concl10aIl0n Funds 31 De¢gmber Income Expendlture Transfèrs 31 December 2023 2024 Resiricled Fund 15,005 115,0051 General Fund 1,101,617 10,452,192 11,133,726) 5,749,609 4,670,474 Designated 19.974,772 5,749,609 25,724,381 21,091,394 10,452,192 11.148,7311 30,394,855 The trustees have set aside part of the unrestricted funds relating to fixed assets that are used for the furtherance of the charity's purposes as a designated fund. This fund remalns part of the unrastrlelsd funds of Ihg charity, while quantifying the charity's reserve policy and the level of reseNes it holds. Fund descriptions al Unrestrioled funds Thè unrestricted funds are those funds held by the charity for the charitable objectives. bl Designated funds The fund represents an amount set aside by the trustees, from general fur5. to apportion the valu8 of functional fixed asset5 used for the lurtherdnce ol the charity's aims. Analysi$ of ngt asse¢s between funds General Deslgnated Funds Total Funds Funds Analysls of net assets between funds Tangible fixed assets 25.724,381 25,724,381 Currenl assets 7.353,5 7,353,590 Creditr)rs.' amounts failiw duè within one year 11.905,1761 I1,5.176> CdItOrS.. amounts failirYJ due after more Ih8n on8 year Total nèt ass81$ 1777,9401 1777.9401 4,670,474 25,724.381 30,394,855 All funds are unre8tricted funds. 24-
DAWLIFFE HALL EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 15. Sale of Assets DHEF sold 8 property, 29 Pembridge Squa, for £ 9.415,640 in 2024 and198sed il back lill 31&1 July 2025. £500k (included in current asselsl are held in a escrow account until thts dale when th8 property will be vacated. The amount committed in the lease for 2025 is £ 26.250. 16. Reconclllatlon of operatlng profit to n•t cash louffiowllinfl¢>w from operating aotivities 2024 2023 Operating profil before purchase I disposal of assets 258,389 130,950 Cash dispos8d of as part of discontinued operations 1153,4211 DepreatIon of tangible assets 361,270 344.340 Interest receivab18 1444,889} 1134,6461 Ilncreaseydecrease in deblors 1515.1781 161.0861 Increasel{decro8s81 in crgditors wthin on8 year, no loans 96,437 95,124 foreign exchange Igainllloss 129.0031 118.2841 Nel cash loutflowyinflow from operating actiwties 1426,39SI 356,398 17. Analysis of cash and cash equ5valents 2024 2023 Cash in hand 465,050 222.282 On deposit 5.600,000 2.920.000 Total cash and cash equivalents 6,065.050 3.142,2W2 18. Tran$f*r of totsl not a8$trts to Tamezln On 1 January 2024, the activities and operations of both Ashwell House and HaZe00d House became part ofTamezin, another UK Charity. DHEF remained Ihe owner of the propertles and Iherafor$ the figur& for th6 fixed assets tomained Ihg sarne. Ashwo11's and Hazelwoo(t's lolal net current assets at 1 January 2024 of £65,711 were transferred lo Tamezin. (Current assets.. £77,097. cash.. £153,421, current liabilities.. £164,807). 25-