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REGISTERED COMPANY NUMBER: 00870364
REGISTERED CHARITY NUMBER: 247183







Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Datnow Limited

Datnow Limited






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 11

Datnow Limited (Registered number: 00870364)

Report of the Trustees
for the Year Ended 5 April 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
The company is governed by its Memorandum and Articles of Association. Its powers enable it to invest its funds to generate income which it applies by way of charitable grants.

The objects of the trustees are to promote such purposes which are charitable according to the laws of England and Wales, and to promote and support foundations, institutions, trusts and undertakings established anywhere in the world exclusively for charitable purposes.

The trustees have given due regard to the Charity Commission guidance on public benefit.

FINANCIAL REVIEW
Financial position
The income generation has been modest in the past few years, and for the year ended 5 April 2024 there was no activity (2023 - surplus £6,796). As at 5 April 2024 there were total retained funds of £465,732 (2023 - £465,732).

The trustees awarded charitable grants during the year of £nil (2023 - £nil), details of which are shown on page 3 and in note 5 to the accounts.

Reserves policy
The trustees have an agreed reserve policy which will ensure that excess grants are not awarded, which may jeopardise the ability to make future grants as and when deemed appropriate.

Going concern
There are no material uncertainties about the charity's ability to continue.

FUTURE PLANS
The trustees will continue to actively offer grants to areas within the charities objects, whilst being mindful of the current income constraints.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees
New trustees will be briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees regularly review the Charity's policies, systems and controls to ensure that there are no risks to which the Charity may be exposed.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00870364 (Not specified/Other)

Registered Charity number
247183


Datnow Limited (Registered number: 00870364)

Report of the Trustees
for the Year Ended 5 April 2024

Registered office
Old Well House
130 Holland Park Avenue
Kensington and Chelsea
London
W11 4UE

Trustees
Ms Y L Datnow
J S M Datnow
E L Datnow
A D Datnow

Company Secretary
E L Datnow

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 3 January 2025 and signed on its behalf by:





E L Datnow - Secretary

Datnow Limited

Statement of Financial Activities
for the Year Ended 5 April 2024

5.4.24 5.4.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 - 7,608

EXPENDITURE ON
Raising funds 3 - 812


NET INCOME - 6,796


RECONCILIATION OF FUNDS
Total funds brought forward 465,732 458,936

TOTAL FUNDS CARRIED FORWARD 465,732 465,732

Datnow Limited (Registered number: 00870364)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 7 475,084 475,084

CREDITORS
Amounts falling due within one year 8 (9,352 ) (9,352 )

NET CURRENT ASSETS 465,732 465,732

TOTAL ASSETS LESS CURRENT
LIABILITIES

465,732

465,732

NET ASSETS/(LIABILITIES) 465,732 465,732
FUNDS 10
Unrestricted funds 465,732 465,732
TOTAL FUNDS 465,732 465,732

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Datnow Limited (Registered number: 00870364)

Balance Sheet - continued
5 April 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 3 January 2025 and were signed on its behalf by:





E L Datnow - Trustee





A D Datnow - Trustee

Datnow Limited

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Datnow Limited is a registered charity and a company, limited by guarantee, registered in England and Wales (Company number 870364). The company number and registered office address can be found in the report of the trustees.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Management and administration costs are those direct running costs incurred by the charity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements, where applicable.

Foreign currencies
Investment assets in foreign currencies have been translated into sterling at the rate applicable at the end of the financial year in which they were purchased. Foreign exchange gains and losses are taken to reserves in the year in which they arise.


Datnow Limited

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

1. ACCOUNTING POLICIES - continued

Investments
Investments are included in the balance sheet at fair value. The fair value of listed investments is taken as the stock exchange mid-market value at the balance sheet date. Realised gains or losses are calculated on the difference between proceeds and opening market value of the investments disposed and taken to the Statement of Financial Activities.

2. INVESTMENT INCOME
5.4.24 5.4.23
£    £   
Interest receivable - 7,608

Investment income is stated inclusive of associated tax credits. Income on government securities is recognised on an accruals basis.

3. RAISING FUNDS

Raising donations and legacies
5.4.24 5.4.23
£    £   
Support costs - 675


Investment management costs
5.4.24 5.4.23
£    £   
Interest payable and similar charges - 137

Aggregate amounts - 812

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.



Datnow Limited

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Investment income 7,608

EXPENDITURE ON
Raising funds 812


NET INCOME 6,796


RECONCILIATION OF FUNDS
Total funds brought forward 458,936

TOTAL FUNDS CARRIED FORWARD 465,732

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2023 and 5 April 2024 4,501
DEPRECIATION
At 6 April 2023 and 5 April 2024 4,501
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 475,084 475,084


Datnow Limited

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other loans (see note 9) 7,948 7,948
Accrued expenses 1,404 1,404
9,352 9,352

9. LOANS

An analysis of the maturity of loans is given below:

5.4.24 5.4.23
£    £   
Amounts falling due within one year on demand:
Other loans 7,948 7,948

10. MOVEMENT IN FUNDS
Net
movement At
At 6.4.23 in funds 5.4.24
£    £    £   
Unrestricted funds
General fund 465,732 - 465,732

TOTAL FUNDS 465,732 - 465,732

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
TOTAL FUNDS - - -


Comparatives for movement in funds

Net
movement At
At 6.4.22 in funds 5.4.23
£    £    £   
Unrestricted funds
General fund 458,936 6,796 465,732

TOTAL FUNDS 458,936 6,796 465,732

Datnow Limited

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 7,608 (812 ) 6,796

TOTAL FUNDS 7,608 (812 ) 6,796

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 6.4.22 in funds 5.4.24
£    £    £   
Unrestricted funds
General fund 458,936 6,796 465,732

TOTAL FUNDS 458,936 6,796 465,732

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 7,608 (812 ) 6,796

TOTAL FUNDS 7,608 (812 ) 6,796

11. RELATED PARTY DISCLOSURES

E L Datnow, and A D Datnow are all trustees and members of the Council of Management of Datnow Limited.
The partners in the dissolved Western Forestry partnership are E L Datnow and A D Datnow.
The Heart Transplant Research loan is to a charity of particular interest to the Datnow family.
The amounts due from related parties take the form of loans which are interest bearing at a commercial rate of interest, except for the Heart Transplant Research loan, which is interest free.

The loan balances represent capital and interest repayable at the balance sheet date.

At the balance sheet date the following amounts were due from related parties:-

Western Forestry - £20,601 (2023 : £20,601)
E L Datnow - £51,062 (2023 : £51,062)
EL and AD Datnow Maintenance Loan - £403,419 (2023 : £403,419)

At the balance sheet date the following amounts were due to related parties:-

A D Datnow - £7,948 (2023 : £7,948)

Datnow Limited

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

11. RELATED PARTY DISCLOSURES - continued


These amounts are also the maximum amounts due at any time during the year.