THE WELLAND CHARITABLE TRUST
ACCOUNTS year ended 5 APRIL 2025
THE WELLAND CHARITABLE TRUST Accounts for the year ended 5 APRIL 2025
INDEX
| Page | |
|---|---|
| Trustees’ Report | 1 |
| Independent Examiner’s Report | 3 |
| Statement of Assets and Liabilities | 4 |
| Receipts and Payments Account | 5 |
| ScheduleofCharitableDistributions | 6 |
THE WELLAND CHARITABLE TRUST
TRUSTEES’ REPORT year ended 5 APRIL 2025
The name of the trust was changed from The Petronella Keeling Charitable Trust to The Welland Charitable Trust on 1 February 2014.
The Trustees present their report and the accounts for the year ended 5 April 2025.
Reference and Administrative Details
Charity Registered Number 1001981 Address The Old Dairy Mill Lane Stedham Midhurst GU29 OPR
Trustees Rachel Petronella Keeling Andrew Piers Symons Keeling Roger Anthony Luke Keeling Accountants RNS Chartered Accountants The Poplars Bridge Street Brigg DN20 8NQ Bankers Union Bancaire Privée (UK) Limited One Bank Street London E14 4S8G
Independent Examiner S Wilson FCA 27 Osborne Street Grimsby North East Lincolnshire DN31 1NU
Structure, Governance and Management
The charity is a trust created by a deed dated 23 January 1991 by Mrs P G Keeling who made a single payment donation under the Gift Aid Scheme in March 1991. The funds donated were invested in a portfolio of quoted shares and interest-bearing bank and building society accounts, the income from which was used to fund charitable distributions.
Mrs P G Keeling remained a trustee until 1 February 2014. Prior to her retirement the investment portfolio was liquidated, at her request, and the proceeds distributed to charitable institutions. Replacernent investments were purchased using funds donated under the Gift Aid Scheme by the present trustees who are the daughter and sons of Mrs P G Keeling and by the Hambledon Settlement, Isle of Man, of which they are beneficiaries. During the year to 5 April 2024 the portfolio of quoted investments was liquidated and, at the year end, the funds were held in accounts with SG Kleinwort Hambros.
The power of appointment of trustees vests in Mrs P G Keeling during her lifetime.
Page 1
THE WELLAND CHARITABLE TRUST
TRUSTEES’ REPORT (continued) year ended 5 APRIL 2025
Objectives and Activities
The objectives of the charity are to make distributions of its income to established charitable institutions in order to assist their activities for the public benefit.
The trustees confirm they have had due regard to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Achievements and Performance
During the year the trustees made distributions totalling £310,000 (2024: £194,000) to established charitable institutions, as set out on page 6.
Financial Review
The trustees’ policy is to preserve capital by retaining and reinvesting the proceeds from any income producing assets and to distribute each year the balance of income arising after provision for all known revenue expenses.
Accounting Statements
The accounts of the trustees for the year to 5 April 2025 comprise the statement of assets and liabilities at that date together with a receipts and payments account for the year and a schedule of charitable distributions.
There was an excess of receipts over payments of £74,590 (2024: £171,733), which when added to the cash funds brought forward resulted in cash funds at the end of the year of £324,598 (2024: £250,008).
Advisers
RNS Chartered Accountants acted as Accountants during the year.
S Wilson FCA acted as Independent Examiner for the Charity.
Approved on behalf of the Trustees
Miss R P Keeling
27 January 2026
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE ACCOUNTS OF
THE WELLAND CHARITABLE TRUST
| report to the trustees of The Welland Charitable Trust on my examination of the accounts of the charity for the year ended 5 April 2025 which are set out on pages 4 to 6.
Responsibilities and basis of report
As the trustees of the Charitable Trust you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
e the accounts do not accord with those records.
| 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.
S Wilson FCA 27 Osborne Street Grimsby DN31 1NU
31 January 2026
Page 3
THE WELLAND CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES
at 5 APRIL 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Cash Funds | ||||
| Union Bancaire Privée current account | (1,396.00) | 48,602.44 | ||
| SG Kleinwort Hambros: | ||||
| - capital account | - | 193,946.50 | ||
| - income account | - | 7,459.37 | ||
| Union Bancaire Privée: | ||||
| - 7 day notice account |
32,761.04 | - | ||
| ~ 35 day notice account | 263,233.04 | - | ||
| - fixed term deposit | 30,000.00 | - | ||
| 324,598.08 | 250,008.31 | |||
| CURRENT LIABILITIES | ||||
| Accountancy fees | 2,400.00 | 3,120.00 | ||
| Sundry creditors | 23,811.08 | 26,211.08 | - | 3,120.00 |
| UNRESTRICTEDFUNDS | £298,387.00 | £246,888.31 |
Page 4
THE WELLAND CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT year ended 5 APRIL 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Receipts | ||||||
| Unrestricted income: | ||||||
| Donations | 350,000.00 | 173,000.00 | ||||
| Bank interest | 13,121.68 | 924.32 | ||||
| interest and dividends on quoted investments | - | 4,029.18 | ||||
| 363,121.68 | 177,953.50 | |||||
| Sale of investments | - | 234,784.40 | ||||
| 363,121.68 | 412,737.90 | |||||
| Dividend received in error | 23,200.97 | - | ||||
| 386,322.65 | 412,737.90 | |||||
| Payments | ||||||
| Administration expenses: | ||||||
| Accountancy fees | 1,440.00 | 1,200.00 | ||||
| Administration charges | 292.88 | 127.88 | ||||
| Portfolio management charges | - | 1,906.03 | ||||
| 1,732.88 | 3,233.91 | |||||
| Charitable distributions perschedule | — 310,000.00 | 311,732.88 | 194,000.00 | 197,233.91 | ||
| 74,589.77 | 215,503.99 | |||||
| Purchase of investments | - | 43,770.43 | ||||
| Net Receipts | 74,589.77 | 171,733.56 | ||||
| Cash funds brought forward | 250,008.31 | 78,274.75 | ||||
| CashFundscarriedforward | £324,598.08 | £250,008.31 |
Page 5
THE WELLAND CHARITABLE TRUST
CHARITABLE DISTRIBUTIONS year ended 5 APRIL 2025
| year ended 5 APRIL 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| Action Medical Research | 10,000.00 | 10,000.00 |
| Age International | 20,000.00 | 20,000.00 |
| Alzheimer's Research UK | 4,000.00 | 4,000.00 |
| Crisis UK | 10,000.00 | 10,000.00 |
| Dementia UK | 4,000.00 | 4,000.00 |
| Disasters Emergency Committee | 10,000.00 | - |
| FareShare | 10,000.00 | 10,000.00 |
| Farm Africa | 10,000.00 | 10,000.00 |
| Lincs Rural Support Network | 4,000.00 | 4,000.00 |
| Lives | 4,000.00 | 1,000.00 |
| Magic Breakfast | 10,000.00 | 10,000.00 |
| Meadows Day Centre | 6,000.00 | 6,000.00 |
| Medecins Sans Frontieres UK | 20,000.00 | 20,000.00 |
| School Readers | 4,000.00 | 4,000.00 |
| Sense | 6,000.00 | 6,000.00 |
| Sheiter | 10,000.00 | 40,000.00 |
| Spalding Gentlemen's Society | 106,000.00 | - |
| Spalding Hospice Foundation | 8,000.00 | 8,000.00 |
| St Barnabas Hospice | 4,000.00 | 4,000.00 |
| The Big Give | - | 3,000.00 |
| The Trussell Trust | 10,000.00 | 10,000.00 |
| UNICEF | 20,000.00 | 20,000.00 |
| War Child | 20,000.00 | 20,000.00 |
| £310,000.00 | £194,000.00 |
Page 6