d ADDLESHAW g GODDARD Sandy Dewhirst Charitable Trust Financial Stalements for the year ended 31 December 2023 Sandy Dewhirsl Charilable Trust RCN: 279161 Legal and Administrative Information Trustees.. Timothy Charles Dewhirsl Yorke Joseph John Ealon Prlnclpal Offl¢e: Addleshaw Goddard LLP 1 St Peter's Square Manchester M2 3DE Independent Auditor9= Hawsons Chartered Accountants Siatulory Auditors Pegasus House 463a Glossop Road Sheffield S102QD Bankers.. HSBC 33 Park Row Leeds West Yorkshire LS1 1LD Legal Advisors- Addleshaw Goddard LLP 1 St Peter's Square Manchester M2 3DE Inv8Stment Manager: UBS Wealth Management 1 Finsbury AvenLJe London EC2M 2AN Sandy Dewhirsl Charilable Trust Report by the Trustees for the year ended 31 December 2023 Ob'eclives and Activities The Sandy Dewhirsl Charitable Trust Charity Commission reference number is 279161. This is an unincorporated grant-making trust conslituled by a Trust deed dated 20 November 1979. Clause 121hl of the trust deed requires the Trustees to have the Trust financial statements audited yearly by a chartered accountant. The objects ol the Trust are as follows= To relieve poor persons and in particular Ibul without in any way limiting the generality ol the loregoingl persons who are or have been or shall from time to time be.. lal in the employment of l.J. Dewhirsl Holdings Limited or any other company or other corporate body ol which the Selllor shall have been a director lor a period ol not less than three years Ibl employed on any farm owned by the Seiilor whether as sole owner or in partnership with any other person or persons Icl otheNise in the employment ol the Seiilor or any wile of his Idl dependants ol any such person as aforesaid whether or not such dependanls shall be related or be or have been married lo any such person and whether wholly or partly dependent upon or maintained by any such person 2 lor such other charitable purpose or charitable purposes as Ihe Trustees shall think lil. PROVIDED ALW AYS that il at any lime the Trustees shall in their absolute discretion decide that the Trust Fund or the income thereof cannot usefully be applied in manner aforesaid then the Trustees may pay and Iransler the whole ol the Trust Fund and the income thereof io such other charity or charities as they shall select. rn The Trustees who served during the year were- 1. Timothy Charles Dewhirsl 2. Yorke Joseph John Ealon On an annual basis, the Trustees consider and approve donations lo the charitable objects. The Trust's capital is invested with UBS Wealth Management and invested mainly in stock markets. The Trustees have delegated the day lo day management of the trust funds lo UBS Wealth Management. ## Statement�of�Trustees’�responsibilities Trustees’ - •��������select�suitable�accounting�policies�and�then�apply�them�consistently; - •��������observe�the�methods�and�principles�in�the�Charities�SORP�(FRS102); - •��������make�judgments�and�estimates�that�are�reasonable�and�prudent; - •������� - •������� Commission’s 3 Sandy Dewhirsl Charilable Trust Report by Ihe Trustees for the year ended 31 December 2023 (continued) The income received in the year amounted lo £36,11312022.. £31,273) and funded grants and related costs ol £66,832 12022.. £63,597). The reserves held al the year end lolal £1,762,606 12022- £1,682,356). The Trustees note that during the year reserves have increased by £80,250. There are no restrictions on the charity's power to invesl. The aim is to maintain the income yield and maintain the Trust capital in real terms. Reserves Polic The policy ol the Trustees is to broadly maintain the charity's funds al such a level in order lo provide sullicient capital growth and income lo continue lo meet the Trustees, expected grant making objectives. There are no reslriclions on the charity's powers lo invest. Risk Mana ement The Trustees are aware ol the major strategic, business and operational risks which the charity faces. The funds have been invested with a view to protecting the capital value in real terms and maintaining the income yield. Additionally they verily the charitable status ol all individuals and bodies to whom grants are made. Approved by the Trustees. .Truslee Timothy C Dewhirst .Truslee Yorke J J Eaton Date.. 2510912024 Independent�Auditor’s�Report�to�the�members�of�the�Sandy�Dewhirst�Charitable�Trust (‘the charity’) ‘The Ireland’ - give�a�true�and�fair�view�of�the�state�of�the�charity’s�affairs�as�at�31�December�2023�and�of�its� - - Auditor’s FRC’s In�auditing�the�financial�statements,�we�have�concluded�that�the�trustees’�use�of�the�going�concern�basis� events�or�conditions�that,�individually�or�collectively,�may�cast�significant�doubt�on�the�charity’s�ability�to� 5 Independent�Auditor’s�Report�to�the�members�of�the�Sandy�Dewhirst�Charitable�Trust trustees’ auditor’s course�of�the�audit,�we�have�not�identified�material�misstatements�in�the�trustees’�report. - trustees’ - - - 6 Independent�Auditor’s�Report�to�the�members�of�the�Sandy�Dewhirst�Charitable�Trust trustees’ charity’s ## Auditor’s�responsibilities�for�the�audit�of�the�financial�statements auditor’s 7 ## Independent�Auditor’s�Report�to�the�members�of�the�Sandy�Dewhirst�Charitable�Trust management’s charity’s - - - - Council’s responsibilities-for-the-audit-of-the-fi/description-of-the-auditor’s-responsibilities-for. forms�part�of�our�auditor’s�report. charity’s auditor’s charity’s ``` 22/10/2024 ``` 8 Sandy Dewhirst Charitable Trusl Statement of Financial Activities lor the year ended 31 December 2023 Unrestricted funds Note 2023 2022 Income Investment income 36,113 31.273 Expendlture: Charitable activities Support Costs Governance Costs Grants payable 29,592 3,240 34,000 30,057 3,540 30,000 Total expenditure 66,832 63,597 130,7191 132,3241 Net gainlllossl gain on investments 110,969 1181.6731 Net Incomel lexpendlture) 80,250 1213,99n Net movement in funds 80,250 213,997 Reconciliation of funds Total fund balances brought forward Total fund balances carried forward 1,682,356 1,762,606 1,896,353 1 682,356 25/09/2024 on�………………………...…..������and�signed�on�their�behalf�by:� ……………………………………………………. 10 they�are�measured�at�fair�value�with�changes�recognised�in�‘net�gains/�(losses)�on�investments’�in�the�SoFA�if�the�shares�are� 11 Sandy Dewhirsl Charitable Trust Notes lomiing part of the financial statements for the year ended 31 December 2023 continued.. 2023 2022 2 Investment In￿rne Interest on cash deposit5 Interest and dividends received 4,050 32,063 3,193 28,080 3 Support Costs UBS- Advisory Advice f88 HS8C- Bank Charges Secretarial Costs Legal lees (Addleshaw Goddard) 16.342 16.757 100 6,0 7,200 6,000 7,200 Governance Costs Audit fee 3.240 4 Staff Particulars The Trust has no employees 5 Grants Payable Lo¢aVRe Yorkshire Air Atnbulance Hull Sea Cadets Drittield Town Cricket & Recreation Club Drittield Agricultural Society Driffield Children's Charity Our Lady of Si Edwards Ruclson Tennis Club Ryedale Learning Trust East Riding of Yorkshire Kilham Playing Field Ass Love Driflield National Land A Salvation Army Royal British Legion (Driffield 8ranchl The Army Benevolent Fund Action Medical Cardiac Arrest Spinal Research Brain Research UK 3,5(X) 1,0(X) 1,5(X) 3,0(X) 7,000 1,000 1,500 1,500 1,500 5,000 2,OlX) 1,OlX) 1,51X) 5,OIK) 5,OIK) 3,0(X) 1,OlX) 3,OlX) 1,500 1,000 1,500 1,000 5,000 2,5(X) 1,0(X) 34.0(Kl 30.0(KI 12 Creditors�–�Amounts�falling�due�within�one�year 13