## **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:**