Charlty Tegl$tratlon numbor 282936 C H DIXON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
C H DIXON CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust88s Mr R Robinson Ms C M Menon Ms V M Dakin F E Robinson MrCBHunl Ch4rlty number 282936 Prlncipal address 22 Vicarage Drive E8st Sheen London SW14 8RX Ind•p•nd•nt •xamln•r Knill James LLP One Bell Lane Lewes East Sussex BN7 1JU Bank•r$ CAF Bank Ltd PO Box 289 25 Kings HTII Avenuo West Malling Kent ME194TA Solleltors Oixon Ward 16The G6n Richmond Surrey IW9 1QD
C H DIXON CHARITABLE TRUST CONTENTS Page TnJsto8s report Independent examinels rgport Statemant of finan¢lal activitses Balan¢9 sheel Notes to the financial statements -14
C H DIXON CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2023 The trustaes pr6senl their annual f6POrt and financial ststem8nts for th8 year end6d 5 Aprll 2023. The accthnts have been prepared in accordar¢ce wlth the ac£ounting polic188 Set out h) note 1 to the accounts and Comp with charitab tAt'S goveming dCm0n1, the Charities Acl 2011 and"Accounting and R8POrtlng by Charilias.. Stsi8merrt of Recommended Practice applic8bl8 io tharits.es preparing Iheir accounts In a¢¢ord8n with the Financial Reporting Standard apF4Scable in the UK and Republic of Ireland (FRS 1021" 18ff8ctive 1 January 20191. ObJeGtlvM and •rtlvltles Thé prfnupal obj'ect of tha Charity is that monies roceived bo held and usad for Such Charity charit$ or for suth Charitablè purF)ses and in suth manner as the Charity's TNslee5 in Ihelf discrelion seleci and detemiine. Monié$ are regularfy distributed to d8sorving cause5. Tho charity also holds a piece ol land which tt managè5 for the nafi1 of the local communty. The Iruslees have paid due regard to guidanca l$$ued by th6 Charity Commi8slon In decidlng wh8t advilias the chadtsble trust should undertake. Achl•v•m•nt8 and perfomi•nc• Financlal r•vl•w DeclaratnS of trust were made on 31 March 2015 apEh)rtloning 6.3PA of the A Dlxon Estate 28.44% of the A H Dtxon Estate to the charitable Irusl. Available dislributstAe funds at tho year 8nd together wth expected incomg Is constdered to be sufficlenl to meet the Chadty's planned donations for the forthcoming yoar. It 18 th8 pollcy of the charttabl8 trust that unreBtricled funds which have not been do5ignaled for a sp9cIflc u88 should be maintsined at 8 level equivalent to enable the trustees to Continue to maintsln, as f¥ as possiblo, their 8Stabllshed level of giving. This Ve1 of r8serves has been maintained thrwttht the yèar. The Charity received FOPOty and shares to bo kept in pgrpeluity. However Ihls capital can us•J ur#Jer Certsin condlb"on5 al the discretK)n of the trustees in line with the Deed of Variatlon. The trusteos. pJll¢y18 to mainlaln Income whilst preservSng Ihe real value of tho gnd¢)wed assets. Th8 tru8t889 hove assessed thè major risks to whlch th8 charttsblo trust 18 8XP08ed, and arè 8allsflod that 8y8tems ar8 in place to mitigate 8xposure to thg rnalor rl8k8. s1Ctur•, goveman¢o and managomgnt The charitablo trust was eslablished by the Will of C H dated 19 Marth 1977 and a Oeed of Vadallon dated 16 Juno 1981. The tN81888 who $efv8d during Ihe year and up to the date of 9ignatur8 of tho flnanci81 $tat•ments wore.. Mr R Robinson Ms C M Menon MsVMDaknn F E Robingon MrC8Hunt New or 8dd1lknn trustees can be 8pp(Mnted by the exi8tiNJ trusteès. The tru81oe8 Port wa$ approvod by the Board of Trustee8. r) ft.EKT)JOr) IAr R Robln•on Trustaa Dated".
C H DIXON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF C H DIXON CHARITABLE TRUST I report to th& trLtstsss on my examinatson of th8 finanaal slatements of C H DIX Chantable Trust {tho tharliable trLrst) frjr the year ended S April 2023. R••ponslbllttl•s and basis ol r•port As the Injslees of the charitable trust you am responsitAe for thtr preparalion ol tho finamal stalemènts in accwdance the requiremenis of Ihe Chaiities Aci 2011 Ilhe 2011 Acll. I report In re$p&ct of my examinatson ol11)e charitabTr• tru81'8 financial ststements ¢arrknl out der s8Ctw)n 145 of the 2011 Act. In carrying out my examination I have followed all thg appllcable Dlredons glv8n by the Charity Commission und&r se¢lion 1451Sllbl ol the 2011 Acl. Ind•pondent •xaminerfs statem?nt Your attention is drawn to thg fact that the thodty has prepared finandal $tst•rnents In accord8rte with Accounting and Reporting by Charitr85 pr8paring Iheir accounts in accordance with ¢he Flnan¢i81 Rewting Standard applicable in tt)e UK and Republi¢ of Ireland IFRS 1021 in preferen to tl)• Accounb'ng and Reporting by Charibès.. Ststernent of Rècomménded Practice issutrd on 1 April 200S whlch is referred b in the extsnl rn9tslations but has ncw b %vilhdfawn. l undw5tand that this ha$ begn don8 In ordèr for firkincial statèments lo provid8 a Iw and fail wew in accordance th Generally Accepled Accounting Prath"ce efferlive for reportin9 pgrlods brynning on or after 1 January 2015. I hwe corneted my èxamination. I confim Ihat no matters hav8 ¢omo lo my attanlth In Conn110 wilh lh8 examinaJon givlng me cause to belwe that in any material $¢.. a¢¢ounting records wère not kept in r•spe¢l of the charitable irust as r¢qulr•d by sectlon 130 of the 2011 Act., or the financial siatements do not a¢¢ord wllh those fecords,. or the financial statemènt$ do not comply wlth the applicable requir•mènt$ concerning tha form and content of accounts set out in the Charitses IAccounls and Repcvtsl Regulats¢)n$ 2008 Other th8n any requirement that ihe accounts give a true and fair vlew which is not a matter consldered 9$ part of an independent examinalion. I have no concems and have com8 across no other matters in connothon th the examinatK)n to %thicti attention should dravm In thi5 repwi in ¢xdw lo enable a p¥oper [¢T$tandIrvj of lh• fin•rK4al statements to be reach. 11 LLe M A Flls•ll on bohalf of Kn511 James LLP ..4fv.C¥)r.o kn%f ZaL3 Chrterod Accountants One Bell Lana East Sussex BN7 1JU
C H DIXON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023 Current financial year Unre$trlcted Restrlcted Endowm•nt fvnds funds funds 2023 2023 2023 Total Total 2023 2022 Not•s Charitable a¢tivlUés InvestrentS Other incom$ 226 226 63,622 240 63,061 574 3,622 Total Ineomè 63.622 226 63,848 63.875 Charitable activities 64,348 84,348 15,414 Nel gainslllosses) on investments 1131,443} 1131,4431 187.751 N•t mov•m¢nt In funds 17261 226 1131,443} 1131,9431 236.212 Fund balances al 6 April 2022 173,581 8,974 2,063.828 2,246,383 2.010,171 Fund b4lan¢es at S Aprll 2023 172,855 9.200 1,932.385 2,114,440 2,246,383 The statement of finan¢lal activities includes all gains and losses recognised in thè y&4r. All income and expenditure derivè from continuing aclivilies.
C H DIXON CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Prlor finaneial yèar Unra$trletgd R•strlctgd Endowmènt funds funds funds 2022 2022 2022 Total 2022 Not•s Charitable activities Investments Other income 240 240 63.061 574 63,061 5Y4 Total Income 63,635 240 63,875 Charitable activities 11,643 3.771 15.414 Net gainsllloss8sI on investments 187,751 187,751 Net movement In funds 51.992 13,5311 187,751 236,212 Fund balances at 6 April 2021 121,589 12.505 1,876,077 2,010,171 Fund balane*s at 5 Aprll 2022 173,581 8,974 2,063,828 2,246,383 The statement of finanaal activitias includes all gains and losses recognisad in thè y83r. AJI incomè and experKlilure derive from continuing activities.
C H DIXON CHARITABLE TRUST BALANCE SHEET ASAT5APRIL 2023 2023 2022 Flxod as80ts Tangible 88sals Inveslmants 11 12 46,923 1.970,986 46,923 2,102,429 2.017.909 2.149,352 Curront ••1ots Cash at bank 8TrJ in hand 98,879 Cr•dltor•: amounts falllng duo wlthln ono y•ar 13 {2,0341 11,8481 Net wrrent assets 96,S31 97.031 Totsl a•$•t• less curr•nt Ilabllltl•s 2,114.440 2.246.383 Capftal funds Expendable endowment 1,932.385 2.C63.828 14 Incom• fund• Restrlcted funds Ure$tricted fvnds 1,932.385 2,063.828 15 9.200 172.855 8.974 173.581 2,114.440 2.246.383 1.7..: q :JD2Z The acc4unts were apwoved by tho TnJte8s on .. .. Mr R Robin8on Trust••
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 AccountSng policies Charlty Infonnatlon C H Dixon Charitawe frust is a Charlty established by th• ol C H Dixon dated 9 Mar¢h 1977 and a De•d ol Variation dalèd 16 June 1981. 1.1 Accountlng conv•ntlon The accounts have been preparnd In aCcdanCe th Ihe charitsble Iru$f5 goV1n9 document. the Charilr85 Act 2011 and "Accountlng and Reporting by Charfties. Statement of Recornmènded Practice applicable to charili8s preparing th8ir account$ in accofdance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland IFRS 1021'18ffects've 1 January 20191. The charilaa trust is a Public Benefit Entlty as dafin&Y by FRS 302. The thariiable trust has taken advanlw of the Pfovlsions in tho SORP lor ¢haritig$ applying FRS 102 Update Bulletin I not to pr¢pare a Statèment of Cash Flows. The financt815tstements have departed from the Charities (Aecounts and Reports) Regulats"ons 2008 only lo the extènt required lo Pro& a tru8 and fair vltrw. This departurè has invofvèd follo%ying Ihe Stèttsment of Recommended Practscè for chaflties applylng FRS 102 rath8r Ihan th• versh)n of the Stat&m8nt of Reeomrnended Practi which is rèferred to in the Regulations bul whith has since b¢¥n withdrawn. The finan¢ial staiomènls are prepared in stedlng. which is the functlonal cuftenty of th& charftaNe tnjst. Mon8tary amounts in thesè financtal statements are rounded fo the nearest £. Thtr financlal slalamgnts havè been prèpared under the hlslori¢al cost convenuon. The prfnopal accounting pollcies adopted ar set out bèlow. 12 Golng can¢wn Thè InJst8es have assessed whether tha wing concem basis of preparation conlinue8 to be appfoprlate. based on whether thère are any matèrial uncertainU&s relalod lo events Of condltlons that rnay wt signifl¢ant doubt on the abillly of Ihe c1)8ty to continue as a going con¢&rn. At th Ilme of approwng the finand•l statemènts the Injstées b81th that all apwopriat• measures have been or 11 be taken to ensure thal th¢ Charty wll be ablè to Continue ts operakn.ons for at least the xt 12 months nd thus conclud& that the goin9 concèm basis rfjmains appropriale. 1.3 Charltable funds UnresIrict fvnds are available for use at tho di5cretson of the trus8 in furttrWran of Charitable objectiv&$. Restrict•d funds are fund$ Ihat can only bo ugod for P4CUlar purposes within the objects of tho charlty- Restfldions arfse when speafied by the doncv or when funds ar• raised for fgsthcted purposes. Ent1owment ftEnds arè subject to specific conditSons by donors that Ihe c8Pital musl bè maintained by the chartlable tru$l. How¢v#r it can be used undof certaln ¢ondlllon$ al the dS$crelion of the Irust&è$ in Ilne wsth the Deed of Variation. 1.4 Incornlng resour¢•• Income is recognis•d when tho ¢hadtabl¢ Irusl Is legally •ntllled to it after any perf0mnCe ¢onditSons have been met, the amounts can be m68$ur•d r811obly, and it is prtsbable that income wrll be re¢eived.
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Accounllng pollcl•s Contlnu•dl 1.5 Res¢)urc•8 •xpended Exp8nditurn is recognised once th&re 15 a legal or constructive obliyab'tsn to transf&r ocorwic benefit to third paty. it is probable that a transfar ol •conomic benefiis will requif•d In $éiYornenL and th8 amwnl ol th• ouwiion can be measured reliawy. Expendhure Is daS$rf by adiwty. The costs of each activty affj made up of th& total of dIrt costs and shargd cost5. including SUPPOrt costs Involved in undertakn.ng trach activity. Direct costs attributat4e to a single g¢tivrty are allocate(I direcuy lo thal 8ctsvity. Shargd Costs which contribut8 io rn8 than ong activity and 8UPPOrt costs which are not attrlbulaNe to a single activity are apportioned beiw•an those activities on a basis consistent with the use of rosources. Cèntral slaff costs aro allocated on th& basis of time snI, and depw¢lath'on charges are allocated on thg portion of the asstrl's use. l •xpenditure 1$ Induded on an accrual$ basis and Is recognised wh•n there Is a 18gal or conslwctiv• obligation to pay for expendituro. All costs have boen direcdy attributed lo 8 cost heading on the Staternent of Financial A¢ts"vilies. The charity 15 not ragistered lor VAT and accordingly expendittrè Is shown gross ol VAT. Governance costs include those in¢urred in the 9ovemance ol rts os$0ts and are wimarity 8sswated wrth (yjnstltsjiKal and statutw rgquirements. 1.0 T•nglbl• fftx assets The chailtys fixèd assets comprlso only of land whi¢h Is not depreclat¢<l. 1.Y Flx•d 88Sèt Inve¥tments Fixed asset investrnents are statèd al lair value. 1.8 Imp•lrn)•nt gt fixed ass•ts At each reporting end dalo, th¢ Charilable trust reviw¥s the carrylng omounts of Its tartglble assets to determinè whglher there is any iftd1cal thal those assets have $uffer8d an impaiment loss. 11 any $y¢h indicats'on exists. the recov¢rable amount of thg asset Is estimatsd in order to dètemtne the extent of the IMMlI loss (rf any). 1.9 Cash and cash •qulval•nt¥ Ca$h and cash equivalents indude cash in hand. deposts h&ld at call with banks, olher Sho1¢ IUld Inve$lments wth onginal maturities of three months or lèss. ar bank ovgrdrafts. Bank overdrafts are shown within bom)wings in currenl liabllllies. Basic Ilnancial s$•ts Basle financial assats. which includg d&blors and cash and bank balan¢gs, are initially mgasurèd al tr8ns8Ction price induding transaction c031s and are sub58qugntly carried al arnorti5ed cost using the effective Inleresl meihod unless the arrangement constitutes 8 finandng trgn$action. where the transaction 1$ measured at the present valua ol Ihe fulure rocaipts (si5ntsd at o market rnte of intar8$1. Finandal a$s818 dassifiod 8$ receNable within one year ai• not amortised.
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 A¢¢ountlng pollcl•s IContlnu•dl 8•sl¢ Ilnan¢ial liablllll•s Basic financial liabilities, induding Grediiors and bank loans a initially rocognised at transaction wice unless th8 arrangement conststut8s a financing transadion. where Ihe d•bt inslnJm8nl 1$ mèasured at Ihe presanl value of the fuiurn p8yments discountsd 81 a market rate of interesl. Financial li¥bilthes dassffi8d as payable within one yoar arg not amortised. Debt Instruments ara subsequenlly al amortised ¢osl. uslng ihe effg¢tiv• Interèst rate methcyj. Trade crodiltsrs are oblKJalions to pay for goods or services that hava been acquired In thè ordinwy UrSe of operallons from suppliars. Amounts payabl8 are classified as currènt liabllllies if payment is due wthin one ya8r or less. If not, they are presenl¥d 43 non-current Ilabiliti88. Trado creditor5 are recognis8¢J initially at transaction pricè and 3ubsequenUy measured at amorts.sad wst using thg fjff&¢tive inleresl method. D•rn¢ggnitlon of flrtan¢lal 114bllltl•s Financial liabilities aro derecognisod vthen the caritable tru$f$ contraciu81 oblati5 expire or are discharged or cane£lled. 1.10 Crndltor• Accruals are recognised when the carlty has a present 019ation resulting Irom a past event and Ihe amnI ¢8n be measured or ¥stimaled reltabty. Charltabl• actlvlU•• 2023 2022 Grants receifftl 226 240 I Incomo w8s 8thibutabla to rCted Incomg funds. Inv•skn•nts 2023 2022 Income from listed invostm•nts Interest receivable 63,475 147 63,060 63,622 63,061
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 other incom• 2023 2022 Other incomè 574 Charltabl• aetlvitl•s 2023 2022 Maintgnancs of land at Hanging Langford - hedge laying costs Insurance Indapendenl examiners, fee Bank charges Prolessional fees 3.771 769 1,248 101 9.075 737 2.034 77 2,848 14.964 Ch8dtabl& gifts (see note 61 61,500 450 64,348 15,414 £2,848 {2022 £11,643) of &xp&ndiluro w8s attributable to unrestricteil income lund3, and £nil 12022 £3.7711 to restricled fund$. Grants payabl• 2023 2022 Grants lo institutions.. Treltsar TNSI Glyndébourne Arts Trust St Margaret's Hospice The Stars Appèal Space2grieve River Thames Boat Proj&¢t Royal Ballet School Wiltshire Wildlrfe Trust 8,000 1.500 5,000 5,000 4,000 30,000 8,000 450 61.500 450
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Trust••s None ol tho tru$lee5 lor any p8rsons ¢onnected wth them) receivod any r•munoration or 8xpen5es during th8 yoar. Ernploy••s The av•fag8 ntY number olfjmpbyees dunng the year was.. 2023 NuMr 2022 Numb•r Toial Thoro w&r& no trmployee5 vthose annual remuneration was more than £W.000. N•t galnslllossèsl on Inv••tm•nts Endfjwnnt Endo¥mi•nt funds fund• gèneral g•n•ral 2023 2022 RevalLtation of investm8nts (131.4431 187.751 10 Tax•tlon The charity is exempt from tax on Incom8 and g8ifbS falling within $8ction 505 01 the Taxes Act 1988 or sgdon 252 of Ihe TaxatK)nol Chargeabl8 Gain$ Act 1992 to the exlènt thal these arg aPpld to its than1ats objects. 11 Tanglbh fixed 4s9•ts Lantt and bulldlng• Cvgt Al 6 April 2022 46,923 At S Aprfl 2023 46,923 Caffylng amount At 5 April 2023 46,923 Al S April 2022 46.923 10-
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 12 Flxèd asset invastmonts Listed Inv•stm8nts Cost or valuatlon At 6 April 2022 Valuation changes 2,102,429 1131.4431 Al 5 April 2023 1,970.986 Carrylng amount At 05 April 2023 1,970.986 At 05 Aprll 2022 2,102.429 Flxed asset Investm•nts rèvalued Fixed a55et investments are stated at fair value. The historical cost at the balance sheet date was £1,664.926 12022- £1,664.9261. 13 Cr•dltors: amounts falling du• wlthln on• yéar 2023 2022 AcCruS and deferrod ineomg 2.034 1,848 14 Endowmènt fund$ B¥lan¢¥ at Inve51rnonts 8 Aprfl 2021 galn$n¢s$o4 Balance at Investrtwnts 6 Aprfl 2022 galns11065es Balanc• at SAprll 2123 Expgndable endowm•nts Capital fund 1,876,077 187,751 2,063.828 {131.4431 1,932.385 1.876.077 187,751 2,063.828 1131.4431 1,932.385 The expendable endowment rèpresents monies gffted to the Charity under a D¢8d ofvariatson of the Will of C H Dixon Deceased. Income arising on the endowment funds can be used in accordance with the oblects of thè Charity and 15 included as unrestricted income. Any caprtal gain or loss arising on assets in the fund form part of the fund. The capital In the fvnd Can be used fvr charitable purposes at the dIS¢tion of the triJ5tees.
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2023 15 Restrlct•d fund5 The incorne hjnds of tha charity indude restricted funds comprfsing thè follovlng unexpended balances of donations and grants held on trust for specifie purposes.. Movomènt In funds Movom8nt In funds Incomlng r•sour¢o8 Balanc• at 6 Aprll 2021 In¢omlng r•80ur¢•* Ro8our¢•s Batanc• at •xp•Thdod 6 WI 2022 Balan¢• at 5Aprfl 2023 maintenan ol land at Hanging Langford 12,505 240 13.7711 8,974 226 9,200 Thls ropr$sents monies received to be used In m8intsining the land al Hanging Langford. 12
C H DIXON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 16 Analysis of net assets between funds Unre$trt¢ted Restri¢ted Endorynent funds funds funds 2023 2023 2023 Total UnrestrScled Restricted Endowmènt funds fund$ funds 2022 2022 2022 Totsl 2023 2022 Fund balances al 5 April 2023 are represented by.. Tangible assets Inve5trnents Current asse1511li8bili11gs} 46,923 1.970,986 185,5241 46,923 1.970,986 96,531 46,923 2,063,828 146,9231 46,923 2,102,429 97.031 38,601 134.980 172,855 9.200 8.974 172,855 9.200 1,932,385 2.114.440 173,581 8,974 2,063,828 2,246,383 13-
C H DIXON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023
17 Related party transactions
Transactions with related parties
During the year there were no transactions with related parties.
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