LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR TO 31ST MARCH 2025
CONTENTS
1-2 3 4 5-8 9
Trustees annual report Receipts and payments account Statement of assets and liabilities Notes to the financial statements Independent examiner's report
Page 1
LADY DOROTHY GREY'S FOUNDATION
TRUSTEES ANNUAL REPORT
The Trustees present their report and statement of account for the year ended 31st March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
| Charity registration number: | 508900 |
|---|---|
| Correspondent: | Richard E Jones, BSc (Hon), MCIBSE |
| Batfield House | |
| Batfield Lane | |
| Enville | |
| Stourbridge | |
| DY7 5LF | |
| Governing instrument: | Trust deed dated 22nd November 1978 |
| Trustees: | Richard E Jones |
| Michael Snelson | |
| John Redwood | |
| Peter Williams | |
| Diana Williams | |
| Victoria Wilson Cllr | |
| Paul Wooddisse | |
| Martin Poole | |
| Bankers: | CAF Bank |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Maling | |
| Kent | |
| ME19 4JQ | |
| Investment advisers: | EFG Harris Allday |
| 33 Great Charles Street | |
| Birmingham | |
| B3 3JN | |
| Independent examiner: | K V Staley, BSc, FCA |
| Geens Limited | |
| Graphic House, 124 City Road | |
| Stoke-on-Trent | |
| ST4 2PH |
Page 2
LADY DOROTHY GREY'S FOUNDATION
TRUSTEES ANNUAL REPORT (CONTINUED)
REVIEW OF THE YEAR:
The income for the year (excluding receipts from sale of assets) was £42,675 (2024: £43,593). Expenditure (excluding purchases of assets) was £45,119 (2024: £48,719). Sales of investments in the year generated £337,712 and purchases of investments totalled £324,593. This results in a net increase in reserves of £10,675.
OBJECTIVES AND ORGANISATION:
The object of the Charity, in accordance with the Trust Deed dated 22nd November 1978 is the education of persons who have not attained the age of 25 years, who, in the opinion of the Trustees, are in need of financial assistance and who are resident in, or have parent(s) resident in, the parish of Bobbington, the parish of Enville or the parish of Kinver, but preference for those who are resident in, or who have parent(s) resident in Enville.
FINANCIAL POSITION:
The Trustees consider that the overall financial position is satisfactory and are pleased to report 22 donations to individuals were made during the year.
PUBLIC BENEFIT:
The Trustees of the Charity are aware of the Charity Commission’s guidance on public benefit and have had regard to it in the administration and activities of the Charity.
POLICIES:
The investments of the trust have been selected to provide a balance between growth and income as recommended by the investment advisers.
The income reserves of the charity are reviewed regularly and are maintained to retain a level of funds available for urgent calls upon them and for identifiable future projects.
TRUSTEES
The power of appointment of new trustees is vested in the existing Trustees.
The Trustees' annual report and financial statements were approved on ____ and signed on its behalf by
_____ P B WILLIAMS Trustee
Page 3
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
RECEIPTS AND PAYMENTS ACCOUNT
YEAR TO 31ST MARCH 2025
| Note RECEIPTS: Income receipts: Income from deposits: Wayleave Bank Interest Received CAF Bank - Shepherd/ Farm Shop Income from quoted investments: Income from investments sold 3 during year Income from investments held at 5 year end Total income receipts Other receipts: Sale of investments 3 TOTAL RECEIPTS PAYMENTS: Direct charitable expenditure: Grants made 2 Other expenditure: Purchase of investments 4 Independent examiner's fees Bank charges Brokers Fees Secretarial expenses TOTAL PAYMENTS NET RECEIPTS /(PAYMENTS) FOR YEAR Cash and bank balances at 31st March 2024 CASH AND BANK BALANCES AT 31st March 2024 (page 4) |
2025 £ 10 301 5,209 37,155 42,675 337,712 380,387 38,500 324,593 852 77 5,690 369,712 10,675 63,052 73,727 |
2024 £ 10 428 1,200 2,144 39,811 |
|---|---|---|
| 43,593 129,612 |
||
| 173,205 | ||
| 42,000 125,633 806 80 5,719 114 |
||
| 174,352 | ||
| (1,147) 64,199 |
||
| 63,052 |
Page 4
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
STATEMENT OF ASSETS AND LIABILITIES
YEAR TO 31ST MARCH 2025
| Note MONETARY ASSETS: Cash and bank balances: CAF Bank EFG Harris Allday - Earnings account EFG Harris Allday - Deposit account INVESTMENT ASSETS: At cost at 31st March 2024 5 Market value at 31st March 2024 5 LIABILITIES Other Creditors 6 Accruals 7 |
2025 £ 54,283 11,986 7,458 73,727 841,492 753,045 3,640 870 4,510 |
2024 £ 51,292 10,976 784 |
|---|---|---|
| 63,052 | ||
| 950,365 | ||
| 818,460 | ||
| 3,640 810 |
||
| 4,450 |
The Trustees acknowledge their responsibilities for the preparation of the financial statements and for providing all the information and explanations necessary for their preparation.
The financial statements were approved by the Trustees on 2025
_____ P B WILLIAMS Trustee
Page 5
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2025
1 ACCOUNTING POLICIES
a) Basis of Accounting
The financial statements comprise a receipts and payments account together with a statement of assets and liabilities in accordance with section 133 of the Charities Act 2011.
b) Funds of the charity
Funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds for use at the discretion of the Trustees.
| 2 GRANTS MADE DURING YEAR: Grants to individuals Grants to institutions 3 OTHER RECEIPTS: Sale of investments: BBGI Global Infrastructure Ordinary £1 Shares Digital 9 Infrastructure PLC Ordinary shares GCP Infrastructure Investments Ltd Ordinary 1p shares GSK PLC Ordinary 31.25p shares Primary Health Properties Plc Ordinary 12.5p shares RM Secured Direct Lending Plc Ordinary shares RTW Venture Fund Ltd Ordinary shares Taylor Maritime Investments Ltd Ordinary shares UK Gov. Treasury Stock 5% Bond 2025 Tritax Big Box REIT Plc Ordinary 1p shares Tritax Eurobox Plc Growth Shares Twentyfour Income Fund Ordinary 0.5p shares UK Gov. Treasury Stock 5% Bond 2025 WS Ruffer Managed Funds Diversified Fund Class I Shares |
2025 2024 £ £ 38,500 42,000 - - |
|---|---|
| 38,500 42,000 |
|
| Sale proceeds Income £ £ 51,813 3,062 8,441 23,558 16,077 23,992 7,030 29,578 7,555 63,108 1,563 22,434 19,531 584 26,117 38,478 |
|
| 337,712 5,209 |
Page 6
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2025
4 OTHER EXPENDITURE: Purchase of investments:
£
| Blackrock World Mining Trust Ordinary 5p shares Digital 9 Infrastructure PLC Ordinary shares DMS Latitude Global Fund Ordinary shares Greencoat UK Wind PLC Ordinary shares INT Public Partner PLC Ordinary 0.0001p shares National Grid PLC Ordinary 204/473p shares Primary Health Properties Plc Ordinary 12.5p shares Royal London Short Duration Fund Ordinary shares Tritax Big Box REIT Plc Ordinary 1p shares Unilever PLC Ordinary 0.031111p shares Treasury 4.125% Stock 2027 Fixed Interest shares VH Global Sustainable Energy Opportunities PLC Ordinary shares WS Guiness Investment Funds Global Equity Class Y Shares WS Ruffer Managed Funds Diversified Fund Class I Shares |
42,140 15,740 14,911 3,308 30,079 14,713 4,785 52,664 11,849 22,735 42,336 7,738 23,057 38,538 |
|---|---|
| 324,593 |
Page 7
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR TO 31ST MARCH 2025
| 5 INVESTMENT ASSETS Blackrock World Mining Trust 8,250 Ordinary 5p shares Digital 9 Infrastructure PLC 20,000 Ordinary shares DMS Latitude Global Fund 10,000 Ordinary shares Dunedin Income Growth Investment Trust 25,000 Ordinary 25p shares GCP Infrastructure Investments Ltd 30,000 Ordinary 1p shares Greencoat UK Wind PLC 15,000 Ordinary 1p shares GSK PLC 1,000 Ordinary 31.25p shares INT Public Partner PLC 27,500 Ordinary 0.0001p shares Middlefield Canadian Income PCC 25,000 Ordinary shares National Grid PLC 1,500 Ordinary 204/473p shares Primary Health Properties Plc 30,000 Ordinary 12.5p shares RM Secured Direct Lending Plc 20,000 Ordinary shares Royal London Short Duration Fund 56,000 Ordinary shares RTW Venture Fund Ltd 25,000 Ordinary shares SDCL Energy Efficient Income Trust 50,000 Ordinary 1p shares Taylor Maritime Investments Ltd 40,000 Ordinary shares Tritax Big Box REIT Plc 20,000 Ordinary 1p shares Troy Trojan Income Fund 50,000 Ordinary shares Twentyfour Income Fund 25,000 Ordinary 0.5p shares Unilever PLC 500 Ordinary 0.031111p shares Treasury 4.125% Stock 2027 £72,500 Fixed Interest shares VH Global Sustainable Energy Opportunities PLC 40,000 Ordinary 1p shares WS Guiness Investment Funds 35,000 Class Y Shares |
On Market acquisition value Income £ £ £ 42,140 39,146 413 15,740 17,400 860 14,911 16,473 131 71,706 71,500 3,437 33,374 21,390 3,150 21,553 16,155 1,375 14,266 14,620 770 30,079 30,800 24,606 29,875 1,336 14,713 15,143 238 36,536 28,140 2,258 19,511 14,440 1,950 52,664 53,906 1,750 36,352 23,365 49,285 24,100 3,150 38,094 23,840 4,212 32,481 28,080 1,822 83,507 85,465 2,482 28,486 27,900 2,490 22,735 23,050 189 72,113 72,414 2,114 37,296 22,800 2,284 49,344 53,043 744 |
|---|---|
| 841,492 753,045 37,155 |
Page 8
LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR TO 31ST MARCH 2025
| 6 CREDITORS Other Creditors 7 ACCRUALS Independent Examiner's Fee |
2025 2024 £ £ 3,640 3,640 |
|---|---|
| 3,640 3,640 |
|
| 2025 2024 £ £ 870 810 |
|
| 870 810 |
8 TRUSTEES REMUNERATION AND EXPENSES
No remuneration, directly or indirectly, out of the funds of the charity was paid or payable for the year to any Trustee or to any person or persons known to be connected to them.
Page 9
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LADY DOROTHY GREY'S FOUNDATION
(CHARITY REGISTRATION NUMBER 508900)
I report on the financial statements of the charity for the year ended 31st March 2025, which are set out on pages 3 to 8.
Respective responsibilities of Trustees and Examiner:
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
It is my responsibility to:
-
examine the financial statements under section 145 of the 2011 Act,
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report:
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items of disclosures in the financial statements, 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 financial statements present 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 my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep proper accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
K V Staley, BSc, FCA Chartered Accountant
Geens Limited Graphic House 124 City Road Stoke-on-Trent ST4 2PH Date: