Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST FI ANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST FINAINCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Contents Page Trust particulars TnLStees report Independent examinees report Statement of financial activities Balance sheet Notes relating to the financial statements 7- 10
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST TRUST PARTICULARS YEAR ENDED 31 MARCH 2024 Trustces Mrs J R Che5tcr Mrs L J Dunn MrGRDunn MrNADunn MrPMDunn MrRMDunn Independent Examiner Cooper Parry Advisory Limited Sky View Argosy Road East Midlands Airport Castle Donington Derby DE74 2SA Bankers National Westminster Bank plc Smiihs Bank Branch 16 South Parade Nottingham NGI 3DT Solicitors Browne Jacobson LLP 44 c.astle Gate Nottingham NGI 7BJ Stockbrokers Brewin Dolphin Securities Ltd 1st Floor Waterfront House Watcrfront Plaza 25 Station Street Nottingham NG2 3DQ Registered Charity Number 297389 Principal Address Tudor House 13 - 15 Rectory Road West Bridgford Nottingham NG2 6BE
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES Finaneial Statements The Trustees present their annual report and the financial statements of the trust for the year ended 31 March 2024. The Trustees confirm that the ai)nual report and financial statements of the charity comply with the rcquirement5 of thc charity's governing documcnt and thc provisi011s of the Statcment of Recommended Practice (SORP).. Accounting and Reporting by Charities preparing their accounts in accordancc with Ihc Financial Reportin¥ Staiidard applicable in the UK and Rcpublic of Ireland (FRS 102) {effective l January 2015) (Charities SORP (FRS102)) and the Charities Act 2011. Constitution and principal activity The challty was e51ablishcd by decd on 16 March 1987 by A H Dunn. Thc deed dircct5 that the charity'y funds should be used for such cliaritable purposes as the trustees in their absolute diserelion consider fit. Statement of trustees, responsibilities The Trustees are responsible for preparing the trustee's re]x)rt and the fiiiancial statements in accordance with applioable law and Uniled Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are required to prepare financial statements for each financial year which give a true and fair vi¢w of the affairs of the charity and of the incoming r¢sourc¢s and application of resources of the chariiy for that period. In preparing those financial statements the trnstees are required to.. select suitable accounting policies and thcll apply them consislcntly; observe the methods and principles in the Charities SORP 2015 (FRSI 02); make judgements and estimates that are reasonable and prudent; state NN'liethcr applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial staten]ents on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping propcr accounting records that disclose ivith reasonable accuracy at any tiine the fillancial position of the charity and to cnable them to ensure tt]at the financial statements comply with the Charitics Act 2011. the Charity {Accounts and Reports) Regulations 2008 and trust decd. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Appointment of Trustees New Trustees are appointed by the existing Trustees. Trustees, remuneration There were no fees or charges paid to any Trustees in the year. Trustees revieiv During the year the trustees awarded charitable donations amounting to £87,500 (2023.. £85,500) as detailed in Note 3. The incoming resources of the Charity amounted lo £58,764 (2023.. £64,467) and the excess of expenditure over income before accounting for changes to investments amounted to a deficit of £60,462 (2023.. deficit £52,598).
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES Icolliinuedl Purpose and Aims The objective of the Charity is for the funds lo be used for such charitable purposes as the trustees in their absolute discretioii consider fit. Delivering Publie Benefit Our Inain aini is lo makc donations to registered charities. The Trustees review the Ivork of the charities nominated to receive the donations to ensure a public benefit will be achieved. The Trustees confimi that they have refetTed to the guidance contained in the Charity Commission's general ¥uidaiice on public beiicfit whcii reviewin¥ the Trust's aiins and objcctives aiid in plannin¥ future activities. Iii particular, the Trustees have considered how planned activities will contribute lo the aiins and objcctives sct. Ensuring the aims are Tnet In Ilie year under review the Trustees have considered and reviewed a wide range of applications for charitable donations. The Trustees have made 31 (2023.. 32) donations to registered chariiies amounting 10 £87,500 (2023: £85,500). Reserves policy The Trustees reserve the ability to retkiin part of the trust's income for any year as part of its reserves and not to diqiribute the whole of lh¢ un¢xpended income if in Ihat year the Trustees do not identify suffici¢nt recipients worthy of their support. Investment policy Investments are held which are considered by the Trnstees to be appropriate in tem)s of both income generation and capital growth tor the purpose of the Charity. Risk assessment The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The simplicity of the Charity and its structure leads the trustees to believe that there are no major risks to which the charity is exposed. Signed by DoEuSiBn•d by. E3 CBBAU4AE J R Chester Trustee On behalf of the Trustees 23 october 2024 Date..
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST INDEPEI¥JDENT EXAMINER'S REPORT TO THE TRUSTEES We report to the Charity Trustees on our examination of the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 5 to 10. Responsibilities and basis of report As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requircmcnts of the Charitics Act 2011 ('the Act,). Wc report in rcsPCCt of our cxaminalion of thc Charity's accouiits carried out undcr section 145 of thc Act and in carying out our examination we have followed all the applicable Directions given by the Charity Commission undcr section 145(5)(b) of thc Act. Independent examiner's statement We have completed our exaininkition. We confinn that no material Inatters have come to my attention in connection with the examinalion giving us cause lo believe that in any material respect: accounting records were not kq)l in respect of Ihe charity as required by section 130 of the Acr. or th¢ accounts do not accord with thos¢ records; or the accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair vi¢w' which is not a mattr consider¢d as part of an independent examinationl. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Cooper Parry Advisory Limited Sky Vicw Argosy Road East Midlands Airport Castle Donington Derby, DE74 2SA 23 October 2024
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31.3.2024 Unrestricted Funds Year Ended 31 March 2024 Unrestricted Funds Year Ended 31 Mareh 2023 Notes Income Investment income Interest 57,188 1,576 64,227 240 Total income 58,764 64,467 Expenditure Direct charitable expenditure Investment Manageiment Fees Manag¢ment and administration 117,500 15,627 16,099 85,500 15,359 16,206 Total expenditure 119,226 117,065 Net expenditure before other recognised gains and losses for the period (60,462) (52,598) Realised profitl(loss) on disposal of investments Unrealised profiV(loss) on revaluation of investn]ents 33,407 (31,712) 220,782 (88,212) Net income l (expenditure) for the period being net movement in funds 193,727 (172,522) Balance broUt forward at beginning of period 2,378.077 2.550,599 Balance carried forward at end of period 2,571,804 2,378,077 All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 31. MARCH 2024 31 Mareh 2024 31 March 2023 Notes FIXED ASSETS Investments 2,569,167 2,371,724 CURRENT ASSETS Cash al bank 7,723 11,273 7,723 11,273 CURRENT LIABILITIES Accruals {5,086) (4,920) (5,086) (4,920) NET CURREINT ASSETS 2,637 6,353 2,571,804 2,378,077 UNRESTRICTED FUNDS Capital Fund Undistributed income 979,454 1,592,350 979,454 1,398,623 2,571,804 2,378,077 The financial statements were approved by the trustees and signed on their behalf by: DoBusn•d by. 3 october 2024 JR Chester 3A4E 23 October 2024 . LJ Dunn
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST NOTES RELATING TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 Accounting policie5 Basis of Accounting The t)unn Fatnily Charitable Trust (the charity) is a registered unincorporated charity in the United Kingdoin. Thc address of the rcgist¢red officc is givcn in the charity infonnation on page l of thcsc financial stat¢ni¥iits. The nature of the Lharily'b op¢ration aiid prinLipal aLlivitiCs is lo gencrate iiicomc throu¥h it5 IIIVC51incnt5 aiid distribute Ihc iiicomc via the Inakiiig of grants. The charity constitutes a public benefit cntity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo cliarilies preparing their accouiils in accordance with rhe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice as il applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, n]odified to include certain iiems at fair iwalue. The financial statements ar¢ prepared in sterling wliich is the functional currency of the charity. The significant accounting policies applied in Ihe preparation of these financial staiements are set out below. These policies have been consistently applied to all years presented unless othenvise stated. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for any other purpose. Incoming resources All incoming resources are rccognised once the charity has entitlement to the resources, it is certain that thc rcsources Thwill bc received and the monetary value of incoming resources can be measured with sufficicnt reliability. Resources expended All expenditure is aLcounted for on an acctvals basis and has been classified under headings that dregate all costs relatcd to the eatcgory. Expenditure on management and administration costs coinprises all costs incurred in running the Charity and conipliance with constitutional and statutory requireinents which cannot be directly allocated to the Charity's principal activity.
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST NOTES RELATING TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 Accounting policie5 (continued) Investments Investinents are recognised initially al fair value which is nornially the transaction price excluding transaction c05t5. Subscquciitly. they arc incasured at fair valuc with changcs rccogniscd in 'nct gainsl(losses) on investtnenls, in the SOFA. Realised gains and losses are calculated as the diffcrcncc bctwecn sale procccds and origiiial cost. Quoted investmeiils have bccn statcd at markct valuc at 31 March 2024. The cost of investments at 31 March 2024 was £1,948,19312023= £1,883.042). The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughoui the year. All investments are held in the UK. The total market value at 31 March 2024 amounting to £2,569,167 was made up as follows: Equities & Bonds Iniwestment & Unit Trust Interest Bearing Deposit account 2,022,514 479,142 67,511 2,569,167 78.7 18.7 i 00.0 Investment income 2024 2023 Interest and Dividends on Equities, Trusts & investment funds Accumulation Units & Stock Dividends 55,615 1,573 62,762 1,465 57,188 64,227
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST NOTES RELATING TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 3. Analysis of resources expended Direct charitable expenditure Year ended 31 March 2024 Year ended 31 March 2023 DONATIONS: Oakcs Trust Nottingham Multiplc Sclerosis Thcrapy Cciitrc Ltd St Luke's H05PiCC Support Dogs Youn¥ Livcs vs Canccr MaLmillan Callccr Support Nollinghamshire Hospice Peter Le Marvhant Trust Friary Drop-in Liiniled PASIC (Parents Assn for Seriously 111 Children) RNLI (West Bridgford} RSPB West Bridgford Shopmobility Rainbom, Children's Hospi¢¢ Nottinghamshire Wildlife Trust RNLI (Wells-next-the-sea) Tearfund UFM Worldivide Fulwood PCC Trent Bridge Rotary Club Tuberous Sclerosis Association Notts Scout Adventure SOS Animal Mallorca Cathedral Archer Project Shetyield Soup Kitchen Crackcrjacks Children's Trust Grantham Canal Water Restoralion Group BrIt Ideas for Tennis Sheffield Flourish Grantham Tennis Club British Heart Foundation Work Ltd Nottingham High School 6,750 5.000 5,250 3,000 3.500 3,000 3,000 3,000 4,000 3,000 6.750 5,000 5,250 3,000 3,500 3,000 -3,000 3,000 4,000 -1,000 1,000 1,250 3,000 1,500 1,250 2,000 500 750 4,000 5,000 3,000 2,250 1,000 3,750 1,500 1.750 2,000 1.500 1,000 1,500 3,000 3,500 1,250 3,000 1,500 1,250 2,500 500 750 4,000 5,000 2,250 1,000 3,750 1,500 1,750 2,000 1,500 1,000 2,000 3,000 3,500 5,000 TOTAL £87,500 £85,500 4. Management and administration Accountancy Investment management fees Management fees Professional & Administrative Fees 1,050 15,6?7 15,000 49 1,171 15,359 15.000 35 £31,726 £31,565 The Independent Examiner's remuneration constituted an examination fee of £1,050 (2023.. £1,050)
Docusign Envelope ID.. D22807F&7D0F4AOA-ADA9182C01c3091 DUNN FAMILY CHARITABLE TRUST NOTES RELATING TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 5. Realised profit on disposal of investments 2024 2023 Sale proceeds Market value 531.041 386,669 {497,634) (418,381) Profitl(loss) on disposal of invcstincnts 33.407 (31,712) 6. Summary of investments (Defieitv Market Market Surplus Value at Value at on 31.03.23 31.03.24 revaluation Cost 8¢ 31.03.23 Additions Disposals Cost at 31.03.24 Equitie5 & Bonds Investment & Unit Ttust Interest Beai"ingF Dep Alc 1,408.342 391,591 397.555 92,332 77,145 290,292 118,846 9,634 1.509,641 1,785,469 2.022,514 194,920 371,041 509,110 479.142 25.862 67,511 77,145 67.511 Total Managed By Brewin Dolphii) 1.883,042 483.923 418,772 1,948,193 2,371,724 2.569.167 220,782 7. Creditors and accruals 2024 2023 Accruals 5,086 4,920 5,086 4,920 8. Unrestricted funds Surplus Income Capital Total Balance broUt forward at l April 2023 Nct incominty{outgoing} rcsour¢cs bcforc gains on Investment assets Gainsl{loss¢s) on invcstmcni asscts= Realised Unrealised on revaluation 979,454 1,398,623 2,378,077 (60,462) (60,462) 33,407 220,782 33,407 220,782 Balance carried forward at 31 March 2024 979,454 1,592,350 2,571,804 Original capital represents the original value of the shares when the Trust was established. 9. Related Party Transaetions tn the year under review Rushcliffe Estates Limited raised a management charge of £15,000 {2023.. £15,000) due for administrative work pertornied by them on behalf ot. the Trust. Mr N A Dunn and Mrs J R Chester are Shareholders and directors of Rushcliffe Estateq Limited and Trustees of the Dunn Family Charitable Tn]st. io