THE DLM CHARITABLE TRUST
CCOUNTS FOR THE YEAR ENDED
STH APRIL 2024
REGISTERED CHARITY NUMBER..
328520
TRUSTEES:
Mrs P S8wy&r
Mr J A Cloke
Mr5 J E Pyper
PRINCIPAL ADDRESS..
Stow House
Cotswold Road
Oxford
OX2 9JG
BA￿KERs..
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
INVESTMENT ADVISORS..
LGT Wealth M8nagement UK LLP
14 Cornhill
London
EC3V 3NR
INDEPENDENT EXAMINER:
Charlotte Toemaes Bsc FCA
Ellacotts LLP
Chartered Accountants and Registered ALJditor8
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
Page 1

THE DLM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT
FOR THE Y
ENDED 5TH AP
Significant activities
ACHIEVEMENT AND PERFORMANCE
How our activittes deltver public benellt
The charrty is deterrninod in its aim ol providing grants for general charitable purrx)ses to 85 wide a range ot organisations as possib￿ whi151 also
having iey8rd tt> the wishes of the Settlor.
The year under wiew ha5 bè8n affected by improving finanoal rnaikets experienced woddwide which has helped the w)rtfdio recover losses in
recent years.
The trustees provided gr8lltS 8rnounb.ng lo £80.000 this year12023 - £1,049.0001 tr) various deserving causes inGluding one donation of £1.000,000
in 2023.
FINANCIAL REVIEW
The Income frorn investrnents for the year was £167,og112023 - £156,772) and from property £7,72512023- £27,153)
thuugh tte trustee5 have the power lo spend the expendable èndowment, the investment incoffle is the prirriple Sour￿ ol ongoing
income and so the ftjnd 15 invested with the objective of m8inlaining it5 real value In kne mediurn terrn.
The nel surplus, after grants and operational expenses was £43,88012023- shortfall £931,521) ￿s￿lI1￿c in a surplu5 of £686,116
12023- Deficit of £1,401,099). At the end of the financial year unrestricted reserves amounted to £37,62112023- £308, 1111
The Trusvs policy tsn reserves is lo ensure that suffiaent cash ￿serveS are available lo ¢n8blg the Trust to meet Ils prooramme of grants.
The adequacy of the rese￿e8 policy is reviewed 8nnLJally.
FINANCIAL REVIEW
Resèrves policy
It is the policy of the Trust to maintain reserves so thal the Charity is in a position to absort) setb3cks and take advantage ol change and
opportunities.
Principle funding sourc
The principle Sources of lundin9 are d8rived from the irtrvestment portfolio held by the Trust
Investment pollcy and obloctlvès
The Trust's policy and objective 15 lo athieve the maximum ￿luM on the Charity's investment portfolio.
FUTURE DEVELOPMENTS
The Trustees plan to conunue Ihtr existing policies of careful and prudent investment to provide long term funding for donations and to
increase the level of donab.ons made each year, when circumstances perrnit.
Page 3

TFIE DLM CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE DLM CHARITABLE TRUST
I report to the ch8dty trustees on my examination of the finanGKal statements of The DLM Charitable Trust for the year ended 5th April 2024.
Responsibilities and basis of report
As the chanty's trustees you a￿ iesponsiblo foi the pi8paration of the accounts in accordance with the requirernents of ihe Charitres Act 2011 I'the
Act'i.
I rewrt in respect of rny examination ol the charity's accounts r2rried out under section 145 of the Act and In carrying out my examinalit)n I have
followed all the aoL)lic£ble Directions given bv the Charitv Comrni55ion under section 1451511bl of th¢ Act.
Independent 8xamlner's stalèment
I have completed my examination. I confirm that no material rnatters have come to my 8tteTrlion in rL)nnection with the examirnation giving me cause lo
believe Ihgt In any material rest)ect.
1. 8cc<)unting records were not kept in respect of the charity as reouired by Section 130 01 the Act, or
2. accounts do not accord wf(h ihose records,. or
3. the accounts do not comply with the applicable requirem8n15 concerning the fom and content of accounts set out in the Charities IAccoun15 an¢J
Reportsl Regulations 2008 other than any requirement that the accounts give 8 'true and frair view, which is not a matter considered as part of
an indeDendent examin8tion.
I have no CL)ncems and have o)me across no other mattèrs in wnnectioll with the examinabon to which attention should be drawn in th15 repi)rt in
orcsef to enable 8 Proper understanding ol the accounts lo be reached.
Charlotte Toetnaes Bsc FCA
Ellacotts LLP
Chartered Acmunt8nts & Registered Auditor3
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
Page 5

THE DLM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED
TH APRIL 2024
UnTestricted
fund
Endowmont
fund
Total
fund
2024
Total
fund
2023
Incomin
resources
Notès
Investmont incom8
Income from property
Total incorntng resources
167.091
7.725
174.816
167,091
7,725
174,816
156,772
27.153
183925
sources ex
Raising funds
Investment management fees
nde
47.868
47,888
45,199
45.199
47.868
Charitable activities
Grants and donations payab
Governan￿ costs
12
80.000
3.068
83,068
BO,000
1,049.ODO
3.247
1.052,247
83.068
Total resources expended
83,068
47,868
130,936
1,097,446
Nèt surpluslldeficitl after grants & expenses
91.748
147,86BI
43,880
1931,5211
Net
ainsl
lossès
ninv
Realised Investment gains
Unreali5ed investment g2inslllossesl
Exchange rate differences
en
5,152
637,084
5,152
637,084
516,738
11,009,777)
642.236
642,236
1487,57BI
Net incomin
ou
oin
res
urces
91.748
594,368
686,116
11.401.0991
Transfers between funds
1362.2381
362,238
Net movemont in fund
1270,4901
958,806
686,116
11,401.0991
on
Total funds brought forward
308.111
7,434,022
7.745,133
9.148,232
Total funds carrled forward
10
8,390,628
8,431.249
7.745 133
Page 6

THE DLM CHARITABLE TRUST
BALANCE SHEET
AS AT 5TH APRIL 2024
2024
2024
2023
2023
Notes
Fix
d assets
Inveslrnents
Freehold land
8,329,383
64.245
7.372.777
8,393,628
7,437,022
Currènt assèts
DebtOTS
Gash at bank and with stockbrokers
8,272
44 299
52,571
28.231
293,830
322,061
Creditors.. amount5 fallin
within onè
ear
due
10
current asse
37.621
308,111
Net assets
8.431.249
7 745,133
Re
resgnted b
Endowm&nt funrj
11
11
8,393,628
37,621
7,437.022
308,111
Unrestricted fund
Total char
funds
431.249
7745 133
The financial statements on page5 6 to 11 were approved by the trustees on 111
PL6pFLy
2024 and Signed on their behalf by.
P SAWYE
J A CLOKE
Pag8 7

THE DLM CHARITABLE TRU
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED
TH APRIL 2024
1. Accountlng pollcies
Accountlng conventlon
These accounts have been prepared in accordance with FRS 102 The Financial Reporting StandariJ applicable in the UK and Republic Df
11813nd I'FRS 102,1, "Accounting and Reporting by Charities the Statement ol Recommended Practice foi charitie5 8pplying FRS 102 and UK
Gener811v AcceDted Accountino Prarlice as it 8DDlies from 1 Januarv 2015. The DLM Charitable Trust IS 8 Public Benefit Enlitv as defined bv
The account5 are prepared in sterling, which is the functional currency of the DLM Charitable TrLJSt. Monetary amounts in these finan¢ial
statements are rounded to the nearest £.
FuThds
Unrestricted funds are available for use at the diKrets'on ol ihe trustees In furtherAnce of thé g8ner81 objectives of the charity and which h8ve nol
been designated for other purwses.
Incomlng resources
Investment incDme Is eamed through holding assets for Investsnenl putPOStrS such as sha￿S an¢J property. 11 includes dividends and InleresL
Investm8nt income is recorded when receivable.
Resources expended
Expen¢Jiture on grants Is recorded once ihe Trustees have made an un(x)ndilional cx)rnrnitmenl lo pay the grant and this is communi￿ted to ihe
beTrefici8ry or the grarlt hss beerl paid, whichevsr is the earfier. The Trust has not made any grant commitments for rnore than one year.
Other expenditure is induded in the accounts on an accruals b8Si8. Irrecoveiable VAT 15 Charg￿ to the Statement of Finanoal Acknvib"es ISOFAI
as incurrgd.
The costs of managing investments Is d)arged lo the SOFA. Any costs asscKiated with the sale or purchase of investments are accLJunted lor
as Part of thè sale or PUFthasg price of the illveslrnents.
Charitable aclivities
Chantable expenditure cornprises those costs incurred by the Charity in the perfomance ol Its activities. It includè5 both costs that can be
allDc¥ted to such 8divitle5 and those of an indirect nature necessary to support them.
Governance costs
Governance costs comprise those costs 858W8led with meeting the constitutional and statutory requirements of the Ch3rity and include Audit
fees and costs linked to the strategic rnanagement of the Charity.
Fixed Assets
No deprw8b.on 1$ th8rged on the Freehold Land recorded on the balan￿ sheet.
Investrnents
Quoted Investments are held at m8rkel valuè 8nd ￿valued on an annual basis. Realised gains and losses on investments during the year are
dealt with in the Statement of Finanual Activities.
2. Taxation
The Trust Is a regi$lere¢J Charity and accordingly is exempt from taxation on its income 2nd gains where they are applied for charitable purposes.
3. Related party transactÉon$
None of th8 ttusl8e5 w&r& paid any ramuneration or expenses for their duties as trustees during the year by the chBrity12022- none).
The accounts include a prOVi￿On for a¢￿untanCY fees trf £1,75012023- £1,750) payable to J A Cloke for acLounlancy services.
4. Analysis of charitable èxpenditure
The charity did not undertake any acknvity directty but mel its charitable purposes by making grants and donations. A detalled analysis is Inc1L￿ed
in note 12 to the ac£ounls.
Page 8

THE DLM CHARITABLE TRUST
NOTES TO THEACCOUNTS
FOR THE YEAR ENDED 5TH APRIL 2024
5. Incoming resourcès have arisen as follows-
2024
2023
Source ol income
Incorne from property
Listed investrnent Income
7,725
167 091
174.816
27,153
156,772
183.925
Income from property income is the de13yed distribution of rents and grants frorn 2020 10 202212023 for 2017 to 20191.
Income from both SoUr￿S was 8ttributsble lo the ullrestricled fund.
8. Ralslng funds
£47,86812023- £45,199) of expenditure on rai￿ng f(Jnds was attributable tr) the endowment fund.
7. Analysis of governance costs
2024
2023
Accountancy
Independent examinerfs fees
Bank charoes
Stationery & office costs
1,750
1.200
70
46
3.068
1,750
1.200
56
241
3,247
Al ol the above costs were attributable to unrestricted funds.
8. Fixed asset investrnents
Freehold
Land
Freèhold land
Cost at 6th April 2023
64,245
Addibon8
Disposals
Cost at 5th April 2024
64.245
Unrealised
profits
Market
value
Cost
Llsted Investments
At 5th Ap￿1 2023
4, 143,321
3,229.456
7,372,777
Additions
1,232.361
1,232,381
Disposal8
1912,8391
1912,8391
637,084
Change in yts8r
637,084
At 5th April 2024
4 462,843
3 866 540
8,329,383
9. An81ysis of debtors
2024
2023
Incorne from property
Inwrne tsx recoverable
7,725
547
27,153
625
8.272
27,778
Paoe 9

THE DLM CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5TH APRIL 2024
10. Analysis of creditors falllng dug wlthln ono yoar
2024
2023
Independent examiner's fee5
Aco)unlant5 fee5
Investment managers, fees
1,200
1,750
12,000
1,200
1,750
11,000
14,950
13 950
11. An8lysi5 of net assets between funds
un￿StrICted
Fund
Endowmgnt
Fund
Totsl
2024
Fixed asset investments
Ctjrrerit asset8
8,393,628
8,393,628
52.571
114,9501
52,571
-14,950
Total
37,621
8 393,628
8,431.249
Unrestrlctod
Fund
Endowmont
Fund
Total
2023
Fixed asset investments
Current assets
Current liabilitFes
7,437,022
7,437,022
322,061
113,9501
322,061
-13,950
Total
308 111
7,437.022
7.745,133
The unrestricted funds tsl thE charity may be appliod for any charitable purpose at the dis¢relion DI tre ttustse5
The expendable endawment is to be invosted and the income used lor any charit8ble purpose al the dI￿rets'0n of the trustees. The
expendable endowment may a150 be spent at the absolute discretion of the trustees
12. Grdnts and donations payable
2024
2023
Art at Old Fire Stalion
Aspiie Oxford
Barnado'5
Barton Community Church
Brainwave
Bridewell Organic Garrjens
Calibre AL5dio
Carers First
Cecily's Fund
Crackerjad(s Children5 Trust
Crisis (Skylight Oxford)
DEMAND
Dog5 for Good
Earth Tru51
FIouii5hlng Fatnilies Leetjs
Footsteps Foundats'on
Greif Fncounler
Hoffte for Good
Home Start
Jennie's Children'5 Tru51
Katherine House Hospice
Listening Books for the Blind
My Vision Oxfordshire
OXRADS
Pri50n Phoenix Trust
RNIB
2.000
2,000
2,000
2,DOD
3,000
4,000
4.000
4,000
3,000
3,000
2,000
2,000
2,000
2,000
2,000
3,000
4,000
3,000
3,000
2,000
2,000
1.000.000
3,000
3,000
2,000
2,000
2,000
4.000
3,000
4,000
4.000
4,000
2.000
3,000
2,000
2.000
3,000
4.000
Carried down
61,000
1.040,OQO
Page 10

THE DLM CHARITABLE TRUST
TES TO THE ACCOUNTS
FOR THE YE
DED 5TH APRIL 2024
13. Grants and donatlons payablè IcontinLEèdl
2024
2023
Brought down
61,000
1,040.000
Sl Mary's Church While Waltharn
Style Acre
Sue Ryrtei HOMES
Tharnes Valley Air Ambulance
The Porch Day Centre
Thamley Activity Centre
4,000
2.000
4.000
5,000
3,000
2.000
3,000
2,000
80.000
1,047.000
l of the above expenditure was attributable lo unrestricted funds.
Page11