THE DEWAR CHARITABLE TRUST REGISTERED CHARITY NUMBER 519249 TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDING 5- APRIL 2024 TRUST OBJECTIVES The Trust is established in accordance with the will of Sarah Mcclelland Dewar dated 29th May 1968 for the benefit of "women who are in need of financial assistance and are widows or daughters of men who have resided in Bury and have practised in the profession of the Church or Law or Medicine" TRUSTEES The Trustees are the Rector and Churchwardens for the time being of the Parish Church of St. Mary the Virgin, Bury. The Trustees during the year were: Revd J Heaton Mrs P Webber Mr E Duckworth ACTIVITIES Grants totalling £9,000 were made to ten individuals in accordance with the objectives of the Trust. RESERVES POLICY A modest cash balance is maintained at Barclays Bank, Bury, sufficient to meet the anticipated needs of the Trustees. The majority of the Trust's assets are under the management of James Sharp & Co, stockbrokers and invested for the benefit of the Trust. Due to the restrictive terms of the Trust it has not always been possible to distribute the full income received and as a result the value of the Trust has grown substantially over a period of years. . Trustee
Report to the trustees/ members of THE DEWAR CHARITABLE TRUST On accounts for the year ended 5th APRIL 2024 Charity no (if any) 519249 Set out on pages IT05 Respectlve responslbllltles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 {"the ACV,). The charitvs trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination Is needed. tThe charitvs gross income exceeded £250,000 and l am qualified to undertake the examination by bein8 a qualified member of [named body]]. Delete l ] if not applicable. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the applicable Directions given by the Charity Commission {under section 14515llbl of the Act, and to state whether particular matters have come to my attention Basis of Independent My examination was carried out in accordance with general Directions given by the examinerfs statement Charity Commission. 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 item5 or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no material matters have come to my examiner's statement attention ) which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charitie5 Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form 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 fairf view which is not a matter considered as part of an independent examination. I 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. * Please delete the words in the brackets if they do not opply. Slgned: Malcolm Edge Date: li Name: Malcolm Edge Relevant professional qualification(s) or body (if any): ICAEW- FCA Inst of Taxation - CTI Address: Height Bam Fann, Harwood Road Tottington, Bury BL8 3PR
THE DEWAR CHARITABLE TRUST Registered Charity number 519249 Statement of Financial Activities For the year ended 5th April 2024 2024 2023 INCOMING RESOURCES Dividends received Bank Interest received £ 38,817.39 455.07 £36,621.88 11.85 Miscellaneous income Total Incoming Resources £ 39,272.46 £ 36, 633.73 RESOURCES USED Distrlbutions made £ 9,000.00 £ 9,500.00 Admlnlstration costs £ 10,777.50 £ 2,601.81 Total resources used £ 19,777.50 £ 12,101.81 NET INCOMING/(OUTGOINGI RESOURCES £ 19,494.96 £ 24,531.92 GAINS & LOSSES ON INVESTMENTS Realised Unrealised £ 1,001.69 £ 59,040.05 £ 6,420.66 £-130,937.94 NET MOVEMENT IN FUNDS £ 79,536.70 £ -99,985.36 BALANCES BROUGHT FORWARD AT 6TH APRIL 2023 {2022) £ 1,264,873.01 £1,364,858.37 BALANCES CARRIED FORWARD AT 5TH APRIL 2024 {2023) £ 1,344.409.71 £1,264,873.01
THE DEWAR CHARITABLE TRUST Registered Charity number 519249 BALANCE SHEEf AT 5TH APRIL 2024 2024 2023 FIXED ASSETS Investments in commercial undertakings COIF Charities Investment Fund £1,204,258.00 £ NIL £1,199,861.20 £ NIL CURRENT ASSETS Cash at bank James Sharp & Co account TOTAL CURRENT ASSETS £ 36,810.69 £103,341.00 £140,151.69 £ 45,605.62 £ 19,406.19 £ 65,011.81 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR NET CURRENT ASSETS £ 140,151.69 £ 65,011.81 NET ASSETS £1,344.409.69 £1,264,873.01 FUNDS Unrestricted £1,344,409.69 £1,264,873.01