Da�dia Cha�i�ab�e T����
Cha�i�� N�� ������
C���a�� N�� ��������
T����ee�� Re���� a�d U�a�di�ed Acc�����
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Da�dia Cha�i�ab�e T���� CONTENTS
| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | � |
| Statement of Financial Activities | � |
| Balance Sheet | � |
| Notes to the Accounts | � |
| Detailed Statement of Financial Activities | 1� |
Page 1
Da�dia Cha�i�ab�e T���� TRUSTEES ANNUAL REPORT
The Trustees, who are also directors of the charity for the purposes of the Companies Act 200�, present their report with the unaudited financial statements of the charity for the year ended 30 June 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 01����22
Charity No. 2�3���
P�i�ci�a� Office
Vintry Building Wine Street Bristol BS1 2BD
Regi��e�ed Office
Vintry Building Wine Street Bristol BS1 2BD
Di�ec���� a�d T����ee�
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: J.S. Stubbings K. Whitten
C���a�� Sec�e�a��
J.S. Stubbings
Acc����a���
JD Accountancy Practice Limited 1� Florence Park Westbury Park Bristol BS� �LP
Ob�ec�i�e� a�d Ac�i�i�ie�
Dandia was established for general charitable purposes. Although other causes are considered, in practice Dandia focuses on the support of charitable activities in the south west of England and on causes relating to the advancement or the education and welfare of children.
The charity does not hold any funds as a custodian trustee.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its activities for the year and have satisfied this Report. themselves that the charity's aims are for the public benefit, as can be seen from
Page 2
Da�dia Cha�i�ab�e T���� TRUSTEES ANNUAL REPORT
Achie�e�e��� a�d Pe�f���a�ce
In the year under consideration, grants of £��,000 (2020: £��,000) were made. As with many charities in the current climate, the maintenance of secure investment income is perceived to be a challenge in the future.
The charity does not raise any monies from third parties and is engaged purely in grant-making in accordance with the policies outlined above.
Fi�a�cia� Re�ie�
The Statement of Financial Activities on page � shows the results for the year. The net movement in funds of the charity was £��,3�2 surplus (2020: £��,3�2 surplus).
The Balance Sheet on page � details the financial position of the charity and shows net assets of £1,���,1�� (2020: £1,���,���).
During the year the Trust made donations totalling £��,000 (2020: £��,000) as detailed on page 11 of the financial statements, in accordance with the objectives of the Trust.
It is the policy of the Trust to retain a minimum of £��,000 at any one time by way of reserves, representing one year's grant giving. At 30 June 2021, free reserves, represented by the charity's net current assets, amounted to £3��,�1�.
The investment policies are governed by the Trust's Memorandum and Articles of Association. The Directors have in the past made investments in property to provide a secure stream of income with the potential for increases in capital growth.
P�a�� f�� F����e Pe�i�d�
In the longer term the directors aim to ensure that the charity will have a sufficient endowment to enable it to apply the income thereof in such a way as to make a significant contribution towards the furtherance of charitable causes for the benefit of children, whilst maintaining and growing the value of its capital base.
S���c���e� G��e��a�ce a�d Ma�age�e��
Dandia Charitable Trust is a company incorporated in England and Wales under the Companies Acts and limited by guarantee (company registration number 01����22). The company is a registered charity (charity registration number 2�3���) and is governed by its Memorandum and Articles of Association.
Its directors, who operate in a similar fashion to trustees of unincorporated charities, are elected by its members. The current directors are as set out above.
The present directors have been in office since inception and undergo training either through courses or functional experience. No arrangements have been made for the induction of new trustees.
The charity does not employ any staff. Decisions of the charity are taken by the directors at board meetings.
The directors have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be made so that necessary steps can betaken to manage these risks.
Page 3
Da�dia Cha�i�ab�e T���� STATEMENT OF FINANCIAL ACTIVITIES
f�� �he �ea� e�ded �� J��e ����
| Notes I�c��e a�d e�d���e��� f���� Investment Income 3 T��a� E��e�di���e ��� Raising funds � Charitable activities � T��a� Net gains on investments Ne� i�c��e Ne� ���e�e�� i� f��d� Rec��ci�ia�i�� �f f��d�� Total funds brought forward T��a� f��d� ca��ied f���a�d |
U��e���ic�ed F��d� ���� � 1�0,�3� 1�0,�3� �,��� ��,��� �3,3�3 ��,3�2 ��,3�2 1,���,��� 1,���,1�� |
T��a� F��d� ���� � 1�0,�3� 1�0,�3� �,��� ��,��� �3,3�3 - ��,3�2 ��,3�2 1,���,��� 1,���,1�� |
T��a� F��d� ���� � 1�0,��� 1�0,��� 1�,��1 ��,��2 �2,1�3 - ��,3�2 ��,3�2 1,��0,��3 1,���,��� |
|---|---|---|---|
Page �
| Company No.01974522 | Notes | 2g2t | 2020 |
| € | f | ||
| Fixed assets | |||
| lnvestments | o | 1,486,279 | L,486,279 |
| 1,4A6,219 | 1,,486,219 | ||
| {urentassets | |||
| sebtors | 10 | 4988 | 31,,428 |
| Cashatbankand inhand | 439,549 | 343,376 | |
| 448,537 | 314,404 | ||
| Creditors: Amount falling duewithinone year | 1L | {s8,619) | (61,838) |
| Netcurrentassets | 389,918 | 312,566 | |
| Totalesetslesscurrent liabilities | r,876,197 | L,798,845 | |
| Total netasets | 1,,876,197 | 1.,798,845 | |
| Thefunds ofthe charity | |||
| Unrestrictedfunds | 12 | ||
| Generalfunds | 7,876,191 | 7,798,845 | |
| Total funds | 1,8-t6,197 | 1,-t98,845 |
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
f�� �he �ea� e�ded �� J��e ����
- �Acc����i�g ���icie�
Ba�i� �f ��e�a�a�i��
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Dandia Charitable Trust meets the definition of a public benefit entity under FRS 102.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
G�i�g C��ce��
There are no material uncertainties about the charity's ability to continue.
J�dge�e��� a�d Ke� S���ce� �f E��i�a�i�� U�ce��ai���
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Cha�ge i� ba�i� �f acc����i�g �� �� ��e�i��� acc�����
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
F��d acc����i�g
All funds held by the charity are unrestricted and can be used in accordance with the charitable objects at the discretion of the trustees.
I�c��e
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Investment income is recognised when receivable.
E��e�di���e
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
Page �
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
Ta�a�i��
The charity is exempt from corporation tax on its charitable activities.
F�eeh��d i��e���e�� ����e���
The company's properties are held for long-term investment. Investment properties are accounted for as follows:
(i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserves.
(ii) No depreciation is provided in respect of freehold and long leasehold investment properties.
Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that this policy of not providing depreciation is necessary in order for the accounts to give a true and fair view since the current value of investment properties and changes in that current value are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified.
Fi�a�cia� I������e���
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
�C���a�� ��a���
The company is limited by guarantee and has no share capital. The liability of its members is limited to £1.
Page �
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
| �I�c��e f��� i��e���e��� U��e���ic�ed ���� � Property Income 1�0,�3� 1�0,�3� �E��e�di���e �� �ai�i�g f��d� U��e���ic�ed ���� In�e��men� managemen� C���� � Property income (�0�) Management charges �,�00 Solicitors fees �00 Other legal and professional costs - �,��� �E��e�di���e �� cha�i�ab�e ac�i�i�ie� U��e���ic�ed ���� � E��endi���e �n cha�i�able ac�i�i�ie� Grants paid ��,000 G��e�nance c���� Accountancy fees �00 Independent Examiner's fees 1,000 Bank charges �� ��,��� |
T��a� ���� � 1�0,�3� 1�0,�3� T��a� ���� � (�0�) �,�00 �00 - �,��� T��a� ���� � ��,000 �00 1,000 �� ��,��� |
T��a� ���� � 1�0,��� 1�0,��� T��a� ���� � (2,020) �,�00 3,��� �,�3� 1�,��1 T��a� ���� � ��,000 �00 1,00� �� ��,��2 |
|---|---|---|
Page 10
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
�A�a���i� �f g�a���
The charity undertakes its charitable activities through grant making and, during the year, has awarded the following grants, predominantly to child welfare charitable institutions, in furtherance of its charitable activities.
| G�a��� �� I���i���i��� Action for Kids Alstrom Syndrome UK Support Group Ambition for Autism Band Become Bliss Brainwave Brain Tumour Support CCS Adoption CLIC Sargent Bristol Children's Hospice (South west) Go Beyond (Previously Chicks) Grief Encounter South West Happy Days Imperial Health Charity In Hope (Bristol) Ltd (Crisis Centre Ministries Bristol) Mentoring Plus MyAware National Deaf Childrens Society NSPKU Pieta House Shape Snow Camp St Nicholas School Appeal The Children's Trust (Tadworth) The Lullaby Trust Unseen Whizz-Kidz Young Carers at BPRCVS |
T��a� ���� � 1,�00 2,000 3,000 1,�00 1,�00 3,000 3,000 3,000 1,�00 �,000 �,000 2,000 3,000 2,000 2,000 2,000 1,000 3,000 3,000 2,000 2,000 1,�00 2,000 2,�00 3,000 �,000 2,000 3,000 2,000 ��,000 |
T��a� ���� � 1,�00 2,000 3,000 1,�00 1,�00 3,000 3,000 3,000 1,�00 �,000 �,000 2,000 3,000 2,000 2,000 2,000 1,000 3,000 3,000 2,000 2,000 1,�00 2,000 2,�00 3,000 �,000 2,000 3,000 2,000 ��,000 |
|---|---|---|
� T����ee �e���e�a�i�� a�d e��e��e�
None of the trustees have been paid any remuneration in the current or prior periods.
� S�aff c����
The average head count of employees during the year was nil (2020: nil) and staff costs and employee benefits for the reporting period were £nil (2020: £nil).
Page 11
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
| �I��e���e��� Cost or revaluation At 1 July 2020 At 30 June 2021 Net book values At 30 June 2021 At 30 June 2020 All investments shown above are held at valuation |
F�eeh��d I��e���e�� P���e��� � 1,���,2�� 1,���,2�� 1,���,2�� 1,���,2�� |
T��a� � 1,���,2�� 1,���,2�� 1,���,2�� 1,���,2�� |
|---|---|---|
I��e���e�� ����e��ie�
The historical cost of the investment property as at 30 June 2021 was £1,0��,��1 (2020: £1,0��,��1). UK investment properties were revalued by the directors at fair value as at 30 June 2021.
| ��Deb���� Other debtors Prepayments and accrued income ��C�edi���� Other taxes and social security Other creditors Accruals and deferred income |
���� � �,��� 2,�03 �,��� ���� � 11,��� �,�2� 3�,��0 ��,�1� |
���� � 2�,�2� 2,�03 31,02� ���� � 12,��� 10,02� 3�,��� �1,�3� |
|---|---|---|
Page 12
Da�dia Cha�i�ab�e T���� NOTES TO THE ACCOUNTS
| ��I��e���e��� Unrestricted funds: General Total Funds |
A� � J��� ���� � 1,���,��� 1,���,��� |
I�c��i�g �e����ce� �i�c��di�g ��he� gai�������e�� � 1�0,�3� 1�0,�3� |
Re����ce� e��e�ded � (�3,3�3) (�3,3�3) |
A� �� J��e ���� � 1,���,1�� 1,���,1�� |
|---|---|---|---|---|
Unrestricted income funds include a revaluation reserve of £�10,�3� (2020: £�10,�3�) in relation to revaluation of the charity's investment properties.
| ��A�a���i� �f �e� a��e�� be��ee� f��d� U��e���ic�ed F��d� � Investments 1,���,2�� Net Current Assets 3��,�1� 1,���,1�� |
T��a� � 1,���,2�� 3��,�1� 1,���,1�� |
|---|---|
��Re�a�ed �a��� di�c�����e�
There were no transactions with related parties during the year that require disclosure.
Page 13
Da�dia Cha�i�ab�e T���� DETAILED STATEMENT OF FINANCIAL ACTIVITIES
f�� �he �ea� e�ded �� J��e ����
| U��e���ic�ed F��d� ���� � I�c��e a�d e�d���e��� f���� Investment Income 1�0,�3� T��a� i�c��e a�d e�d���e��� 1�0,�3� E��e�di���e ��� In�e��men� managemen� c���� Property income (�0�) Management charges �,�00 Solicitors fees �00 Other legal and professional costs - T��a� �f e��e�di���e �� �ai�i�g f��d� �,��� E��e�di���e ��� Cha�i�able ac�i�i�ie� Grants paid ��,000 ��,000 G��e�nance c���� Accountancy fees �00 Independent Examiner's fees 1,000 Bank Charges �� 1,��� T��a� �f e��e�di���e �� cha�i�ab�e ac�i�i�ie� ��,��� T��a� e��e�di���e �3,3�3 Net gains on investments - Ne� i�c��e ��,3�2 Ne� ���e�e�� i� f��d� ��,3�2 |
T��a� F��d� ���� � 1�0,�3� 1�0,�3� (�0�) �,�00 �00 - �,��� ��,000 ��,000 �00 1,000 �� 1,��� ��,��� �3,3�3 - ��,3�2 ��,3�2 |
T��a� F��d� ���� � 1�0,��� 1�0,��� (2,020) �,�00 3,��� �,�3� 1�,��1 ��,000 ��,000 �00 1,00� �� 1,��2 ��,��2 �2,1�3 - ��,3�2 ��,3�2 |
|---|---|---|
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