## THE DUELL AND HAWES ADVANCEMENT IN LIFE CHARTIY **CHARITY NO. 307973**
ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Independent Examiner's Report To The Trustee Of THE DUELL AND HAWES ADVANCEMENT IN LIFE CHARITY
We report on the accounts of the Charity for the year ended 31st March 24, which are attached.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2001 (The Charities Act) and that an independent examination is needed.
It is our responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity commissioners (under section 145(5)(b) of the Charities Act, and to state whether particular matters have to come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## HK ACCOUNTAX LTD **CHARTERED CERTIFIED ACCOUNTANTS**
## **Date:**
THE DUELL AND HAWES ADVANCEMENT IN LIFE CHARTIY
## **BALANCE SHEET AT AT 31ST MARCH 24**
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Investment 2024 2023
142,300.39 Income units Schroder Charity Equity Fund 649,032 630,106
-
55,947.84 Income uniits Schroder Charity Fixed Interst Fund 29,031
Aegon General Investment Account 74,683 73,823
723,715 732,960
Bank and Building Society Accounts
NatWest Bank 129,922 84,347
Creditors
Accruals (600) (600)
Total Assets 853,037 816,707
As at 01st April 2023 816,707 825,508
(Deficit)/Surplus for the Year 36,330 (8,801)
As at 31st March 2024 853,037 816,707
Approved by the Trustees on
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## **A Hill**
THE DUELL AND HAWES ADVANCEMENT IN LIFE CHARTIY
## **Income & Expenditure Account Year Ended 31st March 2024**
|**Particulars**
Dividend received on Investments
Grant
Expenses
Loss on disposal of investment
**Surplus of Income over Expenditure**
Unrealised (deficit)/surplus of Investments
(Deficit)/Surplus for Year|**2024**
**2023**
35,431
29,191
(16,400)
(16,600)
(624)
(700)
(1,863)
0
16544
11891
19786
(20,692)
**36330**
**(8,801)**|
|---|---|
## **THE DUELL AND HAWES ADVANCEMENT IN LIFE CHARTIY**
## NOTES TO THE ACCOUNTS
31ST MARCH 2024
- 1 The Income from the investment in Schroder fund rose in the year from £29,191 to £35,431.
- 2 Grant made in the year amounted to £16,400 compared to £16,600 in 2023.
- 3 Expenses include accountancy charges of £520+VAT (2023 £500).
- 4 The Surplus for the year is £36,330 (2023 deficit £8801).
- 5 The value of the Schroder units as 31st March 2024 has decreased in the year by £10,105. The investment in AEGON has increased by £860 Overall, there is a deficit on the value of investment held of £9,245.
- 6 The value of the overall fund is now £853,037 (2023 £817,307).
- 7 The total income of the fund continues to be sufficient to meet the current level of grants made by the chartiy and the grants in the last there years have all been met from the income form the funds held.