Page |
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Trustees' report |
1-3 |
Independent auditor's report |
4-6 |
Statement of financial activities |
7 |
Balance sheet |
8 |
Notes to the financial statements |
9-12 |
MICHAEL DEWHIRST CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Truste•s pr•$eN their Annual Report on the affairs of the Mieha•l Dewhirst Chafitable Tru (Ch8rity1, together the fmancAal stst•ments lorihe y•ar endeo 31 December 2024. The finBnci81 $18tement¥ h8ve l)een prepwed in accordance 1h (he accwnbng pdiu8S Sd out In note 1 to Ihe financi81 stalernents and comply wth the Ch8rity's Iwsl deed. th+ Chat5 Ad 2011 and"Accounllng and Reporti419 by Chaiiiies". Statemenl of Rècommended Prattiee applicabk lo charities preparfng Iheir a¢nIS in accordance with the Fin4nd Reporting Stsndard appl•bl in thg UK and R•publi¢ of Ireland IFRS 1021'1gffectNe 1 January 2019). Oblo¢t1V •nd acllvlO•s Thi$ is an urNncorporatod grartrmaking tru51 conslted by a tru51 dt8d dal•d 4 Mar¢h 1980. Clause 12lhl ol the Iru51 deed requirei Tru8ts•s io navg fina181 ststoments audKed yearty ty a ¢harterea acwunthni. Thè objects ofthé trust arè As folows.. To rèlie¥e pTrJr per¥ons and in partiular Ibui wlthoul in any way linrfing th8 oeneralty of the foregolno) parson8 who are or havo been (¥ sh811 from tim to ts.mè be". in the ernployrnent of l J Deth'rjt Hoklingj timitsd or any othw ttmpany or other Co018t• b¢pdy olwl¥ch ts Sèthr shall b8#n 8 diradorlor a perJd ol nol fèss th4n y•ars bl ÈmrAoy8d on any lami owfttd ty the saerWOI as sde ty•4Mr or in pknTshlp wiU18ny other petson or pwsms othemlsw kn th• ernoyMent olthe S•ttr or any wlfe of hls dopendants of any such person as aforg$aid wthelh8r or Tr)18uch dependants shan bè related or be or have been rnarried lo any Such person ané whgtheT wholy or PBrlty dependent upon or mainlained by 8ny8u¢h person for such other tharitable purpose or charNablè purpos06 as th• Tnioes sham thir fiL PROVIDED ALWAYS that rf al any trm• thè Tyvstees sh811 in Ihelr absolute tJtsGrth"on tl¢¢ide Ihat the TNst Fund or the InMe Ih8reof cannot usefully be apphed in the manner al05¥1. then the Twst&e$ may pty and translel th8 whglo 01 th• Trust Fun<1 and th• incom• th•reof io su¢h other ¢ha¥lty or chpritses •s tly $ho118elect. Pubhc b8n6fit The TNstees have paid Oue regard to gUIdar* issued by the Charty Commission in deciding whBI aciMtK8S the Charily ShOd und8rtakg. Grnni mokingpolity The Trustees havg Identifd 8 nurnber of individua15 who were ernployed by or were i¢lated to an èmployee of l J DhirSt Holding$ Lid who are in pov•ity and make granls lo those indiwduals. The Trnstee5 hav• also identifièd a nurnb¢r of r¢gionaWocal charftios linduding communily groups and churehesl io whom regular donations are mad•. The Tru$tees also rnak• donations to natnI1 ¢haritiè$. whom they-consid•r fit. The Trusl•e$ review the grants made and appeals frem organisatson$ and indl¥idua15 on an ongoing bosis. A¢hl•vem•nts and p•rF•monc Signifjcant aclivib•s and &CeVents agalnst otygGIIvos The Charity has awarded grdnts ot £35,00012023. £35,0001 In thè year to cyganisotions lin• with Iheir obj'eetsves. fund5 continue to be invested with the of generating 8dditional Irome lo be used for gr¢ making ctiwl¢¢$ as olIned above. All urants awaftkd afe in accordance wlth furthering the charilable objeclives of the Charily.
MICHAEL DEWHIRST CHARITABLE TRUST TRUSTEES, RÈPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnan¢lal r•vl•w There are no restrictions on th• ch8rrty's power to Invest. Thè alm 18 its maintain Ihe Incom0 and maintaln Iho trust 1•1 in real tern¥. The income reeeived in the year amounted to £38.25S12023". £28.86718nd lurMl•d grants and related eosts were £56.149 {2023". £S4,6531. The reserves held at Ihe year end tot81 £1,893,058 12023.. £1.793,1101.11 is not8d thal res8rv•s have ireaso bn Value ov8r the year by £99.948. Going concern After making enquTries, the Tnt5tees have a asOnable expedation that the Chaifty has adeouate resources to ¢ontinue in eptralional ?xistncè for th¢ lo$t?ble future due to 18vel of net assèts. Tho Ch•rtty ha8 no tmmadwte r8quiremenl kj u68 Its investments anl has minimal overfallS and 90Veman costs. The chantablè obje¢l$ are met lknugh the ma"n4 of donati?ns whith ar? ¥greeil periodically throughout th? year, are intsnded to match Ihe income. and there arg no oTrgolng c4mmilments to poy fulure donalion¥. Accordlryjty thgy ¢ontinug to adopi the going COnM basis in preparing Ihe financid st•lements. Reserves policy Th• policy of the Trustèès is to bioadly malntain thè d)arity's lund$ at such a l•vel in Oor to SLrffiLienl caprt81 growth and Incorno to eontinu• to m8•t th• TnJst8•5' •xp•ottd grant maklng obpe¢fv•s. marI1$$ The Trust•es aro awaf? ol the maiDr strggio budness and operational r15k5 which the ehanty lace8. The funds have bèan invested withia view to protecting thè caprtal value in temis and maintatning th• income yield. AddrtiOnIY they verlfy the charilable sialu5 of all indiwduals ar bodie$ to whjm grants Bre m. Stru¥tyr•J govem•ne• th•n¥ggment Thè Tru5t•es who $•ry81I during lh¢ yw and up to th? doie'of signurn tsf the financi•l Slments w•re'. tan Robert$ Dthvhir8t Rozanne Cosgrove York• Joseph John Eolon S•ra Srnart (Apwrttad 24 January 2024} On an annual basi$, the Trlee$ con%der and approve dcfflatlons to th• chorrtabl8 obj'ocls. Th¥ Trust's capital is invested with Cazenove Capitwl Msnagement Invesled mainly in Stoth markel$. Th• Trystees have delègated the day to day management olthe trust fund$ to caleTh) Capital Man8gèment.
MICHAEL DEWHIRST CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEM8ER 2024 ststement of Trustees. rtSP0115ibililtes The Trustees are responsible lor preparing the Trustees Repori and the finan¢i81 statements In 8ccordance with ppli¢able la, and United Kingdom Accounting Standards Iuniled Kingdom Generally Accapied Accounting Praclicel. The law applicable lo chariiies In Eng12ntl and Wales requires the Trkjslees to prepare financial slalernenls for each financial year which give a trve and fair vievw of the stale of affairs of the charily and of the inGomin9 iesources and application of resources ol the charity for that period In preparing Ihese financial slalemen15 the Triisiees ale required to seleci suitable accounting pol1$5 and then apply them consislenuy. observe Ihe rneihoas and prin¢ipies in Ihe Chaniies SORP IFRS1Q21, make judgrnenls and eslirnale5 that are rEasooable and prut5enl. Stale whether applicable A¢coiJnling Standards havt been followed. subiecl lo any material departur•s disclosed and explained In Ihe financial slalernenis.. prepare Ihe financial slalemenis on the going concern ba51s unless Il Is Inappropriate lo presume that the charity will continue in operation. The Tfusiee3 are iesponsible lor keepin9 a¢¢ouniin9 records that 413close ivilh re8$on8ble 8¢cura¢y 818ny time Ihe financial posilion of the charily and enable them to Ensuie Ihal the financial slatetnenls comply with thè Charities Acl 2011. the Charily (Accounts and Reports) Regulations 2008 and the provisions Df Ihe Irust deed. They are also responsible lor safeguarding Ihe assels of the charity and hence for taking reasonable steps for the preven110n and deleclion of fraud and other irregularilies. IT. The fru$lees' report was approved by the Bosrd of Trustees 8ncl signgd on tts behalf by" lan Roberis Dewhirst Trustee nne Cosgrove Truste? Yorke Joseph John Eaton Trustee Sara Calherine Srnarf Trustee Dale 14110/2025
MICHAEL DEWHIRST CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MICHAEL DEWHIRST CHARrrABLE TRUST Oplnion W8 hav• 4Lr(lii•d thÈ financial statements of Chael D&thlrst Charitable Tru¥1 Ilh8'Charity'l for yoar ended 31 Oecember 2024 which mprbS¢ the stalernent of financtal atttiwlles. the balance sheel and notes to the financial statement8, induding signlficant ac¢ountsng F1S. The fin8nual reporting frarnwwrk that has been applied in their pr¢poratsn 1$ applicable law and Unhed Kingdom Accounting Standords, includiNJ Financia Roporfing Standar¢J 102 Th• FInal81 Reporbng Standard applkable in Its8 UK 8nd R8puts1 of lrnland IUnit8d Klngdom Generalty Attapt•dAecountiro PrAclieèl. In our opinion, the rm01018tatèmèrtt$.' 91ve 8 true and fair w•w ol the state ol Ihe cthai¢ty's affairs a5 al 31 Doc•rnb8r 2024 and of iti incoming re$rwrce$ And OptIOn of resourc8$. for yar Ihen end8d. have been properfy prep3red in aeLordance wilh Unitod Kin9dom Generalty Accepted Aceountird Practiee., and been ppared in accordance with iho rnqulrnmenls of the Chgrib'es A¢t 2011. Bas1$ f•r gplnion condu(aed (r audit in Bccordanc• with Inlemationjl Standards on Auditing IIXI IIW IUIQI and applleable law. Our responslbilibes underlhosè glalardS a fvrthèr dèscribed in the Audilofs respon$lblllffjs forthe audlt or the fJnanci41 st8i•monts Sectlon of ovr report. We are indepenrjenl of the Charity in acwfdan¢e with the ethi¢01 fequirem•nts thal are relevant to our audit ol the fin•n¢i81 statements in the VK. induding the FRC'S Ethic Slandarrl, and we have'fvlfilled our oth•T ethical re3ponyibillhg5 In accordance wlth ¢hese reouiremonts. We believe that lh• atsdrt •wdence we have ebtaln•d is $ufiknl and appropriale to provlde a basi8 for our tpirtion. co110• rel•tsng to golny COnM In wdibng the finncial $tatements. w• have ¢)uded lh th8 Trust8qi' use ol the 90ing concern ba818 of ac¢ount5ng In the preparation of lh8 finanual statements 1$ appTOPri8te. Based cffi tht work we have performed, w• h8¥e not idenb.fied any rnat8rKal uneertalnth.es le.n9 io gv?nfs or ondit•)ns that. in¢JNiduony or colle¢vely, rnay c8St signfficant doubt on the Chortty's abllty ¢0 nIInue as a gow ¢>newn lor • peritxl of al l¢a* tr1ve months frn when Ihe financial statements are aullkvis8d Sjr istsuè. Our sponSIbl1rtles and thè Tesponsibilrfies of Ihè Twstses with paCt 10 90ing corn are described in Ihe relevonl $ections of thi5 report. Othér infomiatlon Thp oth&r Infomiation ¢ornpris8s Ihe infDrmabon includ8d in the annual report Sn¢1{in9 the truste•'8 feport, oth•r than Ihe finanual statemMt5 and our audi$ raport ther8on. The Truslees arè responsib for the other nfomiatson contained within th6 annual ieporL Our opinion on th8 financial stalemartts dop5 Th)t cover the other inlormalion and except tts the exlenl othgrwi$e exp11eiY ststed in our report. We do nct exp¥ any forn ol as$urArKe condusK>n thereon. Our Tesponsibility is to rea¢J th• other infomab"oTh and. in doing so, conslder whelher the other irwormation maierially Inconsistenl with ihe financial statements or our knowledge obtained In the course of the audit. oi othewise appears io be matenally misslated. If we identify mateiial Inconsi51enes or apparenl matariat mi$slatèments, we ale requtred to dètemine whether this gNe5 rise è materfal mi5ststernent in Ihè financial statements themselves. If, based on the work we hav8 performad. we conclude that thère is a materlal mi$$latement of Ihis otr Infom)ation. w¢ arg quired to r•port that lact. W• have nothing to raport In this rd.
MICHAEL DEWHIRST CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MICHAEL DEWHIRST CHARITABLE TRUST Malt•r• on whkh •r• reqUIr to r•port by •x¢•ptlon In Ihg Ivjht ol lh8 know0• and'underslandlng of thg ch¥rrty aThJ its envFronmBnt obt&in•d kn the ¢ourse of the audil. we have nol Idgntihd material mi$8talgmont5 in the trust•o$ feport. have nothing to pOrt in respect of the following matters in relalion lo which Ihe Ch#rfts•s (A¢eount$ An Reports) Regulations 2008 raquire us to reptyt to you rf. in our opinion.. the infomiaticn given in the fin•nciAI slatemenls Is hMnsistent In any materKI1 re¥pgCt wlh th# Truslg¢8' r8Wrt: or suffent accounth.ng record6 have nol been kèpt,. or the financ¢al statements are Mt in agro$ment wlh the accounttng records,. or w• have nol r•ceNed all the information and explanaI0ft6 wè rnquire tor our audK. Rè•pOMlblll•$ of Trust¢e8 As explained more frJNy in the slatement ol TiusIe. responsibilities on pag• 3. th• Trustees are r8spon8lble for t prgparation of the financ&1 slatements and for being 8aUsfléd that they glve a irue and fair wew, for such intemal ctsntrd as Ihè Trust•es delermine is nKe8sary lo en8e the preparalion of fjn8n¢kg1 slatem8Dts that are frtr from mat•rlal misstat•menl, whether due lo fraud or error. In preparing the financial slalgment$, thg Truslees are r¢$pon8ible for asi•ssing the Charltys atiilty lo ¢onkn as 8 going concem. disdtssing. 8s applicable, matters related lo going conopm and u51rng the going concern ba81$ of 8C¢Dunling unless the TrnsteeB Orther Int•nd to Ilquale thÈ tharty or eease Opéra0nS. or have no rea1181ic dtwnativg txrt to do so. Audltorf# r•spon$lbllrtl•8 forthe adIt of the finaDclo1 ststsmènts We have been ¥ppoinld as a[lOr undw sethon 144 of the Chowibe$ Acl 2011 and report In accordance vAth the Act and reknv¥nt T•gulalfjon¥ made or havin9 effeca therBundèr. Our Oblve5 are to obtain reasonable assurance about whthher Ihe financial statements as a whole are free from molerial mi85tatèment. whethei due to traud or error, and io Issue 8n auditor's report thal indudes our opinion. Re8son¥tAt assuraneo is a high level of 888urance trArt is nol a guarantee that an audit conducled in accordance with ISA5 IUK) ¥11 •y9 detect a material mi88tslemeni it 8XiSt5. Misstaiemenls ¢an arise from fraj or error and are consldered material il, indiwdualty or in Ihe aggrogate, Ihey coul(J [Son&bty be eypedgd to the economic derisions ol users taken on Ihs bosis of I$È finan&al statements. Irregulanlies. induding fraud. are instances of non-cornpliance wth laws and regulations. dtsign procedur•s In lin8 with OUT sponsIbl1rtie$. outjined ot¢vo. to delect material rnisslatemenls in resFrtt of iN•gulanties. iluding Iraud. The exlenl to whith our procedur85 ar8 capabl• of d•teliw itre9Utaritie$. induding fr•ud is dètslleLI belrmt. The thaiity i% sut4.eet to laws and regulations Ihat dsreclty and iTrdiredly alf•¢t th financial statement$. Based on our und8¥Standin9 of the charty and th8 environrnenl it operates wllhh. we determined that thè laws and r•gul8lions which wero rnD$t signific8nt indudèd FRS 102 and the Charitie$ acl 2011. W8 eonsidèrod the tsxtent to whleh non-complance with thgse laws and regulations might have a malerial effed on Ihe fH)ancia staternents, incEuthr¥J hw fraud mlyht oceur. Wo ewdlualed m8nagemenfs Incentivès and opportunthes for Iraudulent manipulation of the financial staloments Ilnduding the risk of 0rride of eontrolsl, and determined Ihal the principal risks wer• related to Ihe postlngs ol inappropriats journo18ntiiès lo imtvove the carty's res for the period, and manag•m•nt bias in key accounting e$tirnales.
MICHAEL DEWHIRST CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MICHAEL DEWHIRST CHARITABLE TRUST Audit procedures ptrformtd by the engagement team kneluded.. Di5GLf58knns wilh Fnonageml and those responsible for legal complknce procedure5 t1 Ihe tharity to obtain an underBlanding of th? legal and regulatory frarnewoth applicable to the charily and how thè chanty cornplies wlth thal framework, induding consideiation of known or SUSFeGted in$lan$ of non-compliane¢ wth laws and regulations ol frAud,' Identing an¢J 35sesskng the design effectiveness of Controls Ihat mana9¢ment has In pla¢e lo prevent and detecl traud and non-compllance wilh laws and regulations; ChallerrfJin9 assump11(¥ and lud9ernenls m•J? by manyy8menl In thair svJnificant artounts.ng esth"males.' [denfying ahd tesliTh9 joumal eniries. In parti&Aar any journal •nln'os posted wNh unuJu81 account nblnatlon or posted ty senior rnanogement. A fvrthw desuytion of our respon$ibilib¢s lor thg ¥udit of the financial 5tat•ments 1$ FoCat•d on th• Financial ReporDng Coun1$. websiig at Tl¥s dosertplion fomi$ part of our oudilorfs Hawsons Ch¥rt¢fed Accountt5 1$ digibl• for oppolntsr as auditor ol lh• crity by ¥wtue of ils edlblity k)r appryntmenl #s auditor of a wmpany urKl•r s•clion 121 of the Compani•sAct 2006. Uw g11)ur R•port This report is made solels1 to the charity's tru$te•s. as a body, accordance vAh sec4 144 01 the Charrfies Act 2011. Our audlt work has been undèrtakgn so that we might 51at• to the trustees those matter we Bre required to stat lo th8m in an auditoffs teport and for no olher PLifpo8e. To Ihe fullest extent perThltted by law. we L10 not accept or assume reSponsi"1(ty to 8nyone olher than th8 chaity's trust•es as a bolty, for our audit work. for this report. or for the opinions we have formed. Hawsons Hawsons Chart•r•d Ac¢ountnts Statutory Audltor 21 October 2025 Pog8sus House 463a G$Sop Road Sheffield S102aD
MICHAEL DEWHIRST CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr49trierod fvnd• 20Z4 fund• 2023 ote Incom• from.. Gross 8aHk Inleiest Invo$tmnlS 5,525 23,342 32.646 Totsl In¢om• 38.255 28.887 Exp•ndltur• on: clItabl• #dlSe$ 56.149 54.853 Total •xp•rtdIrt 56,149 54,es3 N•t gainsllbssesl on invesbnenls 117,842 64,225 N•1 In¢t)m• •nd movern•nl In fund• 99.948 38.439 R•¢oneillatton of fund¥.' F¥nd'bal8nces al 1 JAnuaty 2024 1.793.110 1.754.671 Fund bBlan¢•5 at 31 0e¢embar 2024 1.893,058 1.793,110 The 8tat•m9nl of financial actMtie$ includ¢s all 90ins •nd10$8e$ rOgniSed in th? year. All Inme and expenditure derive Irorn eonlinulng acliwbas.
MICHAEL DEWHIRST CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Frx•d 098gts Investmenls 1.753,307 1,60Q,051 Currgnt ¥$¥ets Cash at bank and in h•nd 152,B03 212,905 Cr•dltors: •mounts hlllng wmhin ong year 113.0521 119,8461 Not Cu0nt *55•ts t39,751 193.059 Totsl assets lois Ilablllt5es 1,893.058 1.793.110 The fund¥ of the Charity Unr•Etiictgd fursd8 1,893.058 1.793.110 1,893.058 1,793.110 1411012025 The fanwKial stat•m•nts were appiov•d by th• T[t$ en .........................ond $wn•d on by.. Yorke Joseph Jthn Eaton Trustee
MICHAEL DEWHIRST CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Arxounllng PDll¢leB 1.1 Accountlng ¢onventlon The fin3KAal st•ternants have been prepared accordanc I1b the Charit1$ deed, th• Choriti'es Ad 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republt of Ir¢land" I'FRS 102 and thè Charilles SORP "A¢counts"ng ant1 Reporting by char05.. Ststgment of Recomènded Pra¢tic• applirable to ¢harrfies preparing their accoun¢$ in a9rdance with th Financial R•pDrtkng Stsndard applicable in the UK and Republi¢ ol Irdand IFRS 1021. leffecfve 1 January 20191. Th8 Charity is a PubiiG Benet Erbtity os d•fined by FRS 102. finanuAI slslnnts havè dÈpart•d from th• Charilitts IAccounts and Reports) Regu18tion5 2008 only to the extent roquired lo prowido 8 tru• and f•ir vi•w. This departure has wwolved follon9 Iht SfBlement of R•eommend•d Prnctice for eharths apPty9 FRS 102 rather than the version ol the Slaternent of R8eommended Prnctice which i reterred to in the Re9ulation9 but which h•5 $irte bt•n wKhdrawn. The financid ststemeTrt6 s PrePad In $trfinu. whith is the funcih)nal currew of the Chartty. Momlary ¥mount$ in these finana¥l ststents ar• rounded to tho nè8résl t. The financial stalemtnts have be•ft prepared under the hlstorical cost ¢cnvenbon. moi&fiéd to In¢lvde Ihe ¥evthluation of fréèhold properties and to indude inve¥tm•nt properltes Bnd certain finano81 in&truments al tsir valutr. The prinapal •ttounlin9 poli(ie$ ¥doMéd *9 OLrt bel. 1.2 Golng conc•rn At the tirne ol opprowng lh• finaneid statèments. th• TNsto•$ hove a reasOn•e expe¢100 Ihgl the Chartty has adequatt resour¢ès to ntInue in operational existenc• foi the foreseeab fUre. Thu5 th8 Tiuslees eonb"nu• to adopt th• going )ncn basis of3nting Ln preparino the fJnan¢ial 5tatsments. 1.3 ¢h•rltable funds Unmstricted lunds aro ov$able for u$• at Ihe discretion of the Truslèes in rtIr8 ol Ihelr ¢h4rilable oblectlves. IA In¢ome IncLsme is reeognlsed when the Charfty is le901ty entlled to it after any performance eondiuons have b¢•n mei, the 3mounts can be measured reliably. and it is probable that incorno wtll r8ceived. 1.6 Exp•ndlbJr• All expenditure i¥ •Gcounted lor on an acGruèl8 basis ha8 bo•n dJ¥3ifierl under heading¥ 499re98t• I costs related tD the category. Expondrture is rewgnlsed where thero is a leo81 w ¢onslwctsve obli9otion lo makè payménis to third parties. rt is piobable that Ihe settlement will be quirtd and Ihè amount of the obligAtion can b• m•asured idiabsy. Grants payable lo third pariies are made in Iht lurtherBnce ef the eharltablè oblecthvgs of the Chartty. Thè Trustees pay grants oyl of ineomt and where Ih8 offèr is conditional Dn the reapient sabsfying performante or olher disffttionary rwuirernents to the $8Usfaeti¢n of the TNstees. such gr8nts are reMgnlsed 8S 8xpendtturè when the cor)dibons aiiaehlng are fulfilled. port costs e¢mpri$e $18 forthe njnning of the chanty Ilsew. and processing grant5 to thE appIAnts. 1.8 Flxèd ass•t Investments Fixed asset investm•nts a Inltially me8sure(l al trafl$adion price excludg transaction cost$. and are subsequ6nlly measured al fair value al each feporting d8te. Change8 in fair value art e0nISed In not irtom•llexpon¢Jiturel for th• y•ar. TTBnBacth)n tosts Are experts•d As inrAtrr•d.
MICHAEL DEWHIRST CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles Icontlnugdl 1.7 Ca$h and cah •quival•nts Cash and cash equalen1S Tnclude c43h in hand, deposits held •t call with banks, other slwrt-tarn) liquid imiestments Wth orlginal maturities of three months or less, and bank ovwdrafts. Bank overdrafts are 6htr•m within borrowmys in cJrrent liabiliies. 1.8 Flnanclal Insfxuments The Charty has ele¢led lo oppty Ihe pro¥hsions of Secinn 11 'Bask Fknanclal Instruments, and Section 12 'Qh•r Finontial Instrumtnts Issues, of FRS 102 lo all olits finènrAal in6truments. Financial instrum4nt5 ar• roe4gni3ed in Ihtt Chdrtty's lance 6heel when the Crity becomes pwty fo the conlraduol provlsl(Kts of the instrument. Finan] a$aets and liabl1e6 are offset, th the net arnounts yesenlèd In tho flnandal statements, when thère is a legally enforceable right 10 Set off thè recogTrised arnounts and Irts is an h)ienOon to s?tUe on a n•t basis or lo realise the asset an4 $g1I the liabllty simuttaneousty. Incomo ¢h¥rilabh actlvrtl Unrestrlctsd Unmtrlctsd fvnd fvndB 2024 2023 Bank Inier?4t 5.525 Incom¢ frDm thv•tm•nts Unr•8trlctsd Unr••trlct•d fund• fund• 2024 2023 Incorn• from listed InvestmeDt$ 23,342 io-
MICHAEL DEWHIRST CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltur• on ¢horttabl? actlvltE•• 2024 2033 Olr•¢t CO8ts Legal Fees Audii F Coz8nov9. Managomenl F•¥ Cazenove- LEI fee 8,100 3.600 9.389 7,21)0 8.770 83 21.149 19.653 Grant fundhig of activtti•s Isee nole 51 35,000 35,000 56,149 54.653 Analysh by fund Unrestricted lund$ 56,149 54,653 Grnnts payable AP¢tOn & Wellxty Cubs £500 Appleton VW15ke Pre Sthool Club £1.000 Durham Assoryation Clubs for young peopla £4.000 St Leonard5 Church Welbury £1,000 Welknjry Village Hall £2.000 Highfield ComrnunÈty Prirnary Sthool £3,000 Addènbrookes Hosprtal & Oncology D•partrn•nt £1,000 St Culhbert's Hospice £4,OLXI Garden Hous¢ H05PIC¢ £3,OLYJ Durham Cathedral £3,000 Sl Petsr & Sl Paufs Chwch Steepb Mordpn £1,000 Braftf*pelh Paro¢hial £3,000 £soo £1.000 £4.OC¥) £1,0(1) £2,( £3,OC £2,000 £4,000 £2,000 £3,OCKI £1,OC £3,000 RAF 8enewJl8nl F SSAFA Motor Neurw Disease £soo £1,OOQ £5C()' £1.000 £3 £35 Tru$te Staff Partlcular5 The TNSI has no empktyees.
MICHAEL DEWHIRST CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Galns •nd lo•?es on Inve$¢ments Unrestrlct•d Unro8trfct•d funds fund• 3024 2023 Gain61{lossesl arIn9 on.. Revaluation of investments Sale of investment$ 90.339 27.503 67.956 13,7311 117,842 64.225 Flx•d assèt In¥esbneThts Ust•d Invukn•nts InStMents 2024 2023 vallti1)N As at 1 January 2024 Aqui$itws Dispos•l$ GaInO$s•s) i.eoJ,os1 959.914 1,492.051 S25.470 1481,695) 64.225 117.642 At 31 D•cemb•r 2024 1.753.307 1.6DO.05J Grndttor*: amèynts f•llinu due wtthin om y••p 2024 2023 ActW815 13,052 19.846 10 Related party traTr¥actlons There wero no di$dosabl• relotgd party tronsacb'ons durln9 Ihe yeaT12023- [91. 11 Analys18 of ch•ng•¥ in net fund5 The CharY had no matèrial debt during the yéar. 12-