**REGISTERED CHARITY NUMBER: 1002755**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 5 April 2024**
## **for**
**The Scurrah Wainwright Charity**
KJA Bairstow & Atkinson Network House Stubs Beck Lane Cleckheaton West Yorkshire BD19 4TT
**The Scurrah Wainwright Charity**
**Contents of the Financial Statements for the Year Ended 5 April 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|14|
|**Detailed Statement of Financial Activities**||15||
## **The Scurrah Wainwright Charity**
## **Report of the Trustees for the Year Ended 5 April 2024**
The trustees 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**
## **Objectives and aims**
The trustees hold the capital and income upon trust to apply the income and all or part of the capital for charitable purposes and to make donations to charitable institutions at such times and in such a manner as the trustees may in their absolute discretion think fit.
The aim of the charity is to support a wide range of charitable projects, with an emphasis on social reform both in Britain and abroad.
## **Significant activities**
The charity's main activity is investment in order to support the payment of grants.
## **Public benefit**
All approved grants are considered by the trustees to be for public benefit. In providing this support, the trustees have had due regard to the guidance published by the Charity Commission on public benefit.
## **Grantmaking**
The charity invites applications for funding through directories of grant-making trusts and through its website www.wainwrighttrusts.org.uk. Applicants are invited to submit background information about themselves, the project they intend to pursue and details of its practical implementation, together with budgets and other sources of finance. The charity gives strong consideration to applications from the Yorkshire region as well as to those from Southern Africa, particularly Zimbabwe. The trustees require feedback on the actual use of grants awarded and the achievements made in order to monitor and assess the quality of grants made.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the charity has been able to provide grants to support forty one organisations with diverse aims and for the benefit of countless individuals.
## **Fundraising activities**
The charity does not actively raise funds.
## **Investment performance**
The charity relies on its investment managers, Close Brothers Asset Management, to manage investment income to support the charity's grant-making activity.
## **FINANCIAL REVIEW**
## **Reserves policy**
All income is distributed every year with none being held in reserve; the reserves held by the charity are purely of a capital nature. This capital reserve is held in order to generate future investment income to enable grants to be made in future years.
## **Funds in deficit**
An element of capital may be distributed each year which may result in the revenue reserve falling into deficit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity takes its name from Henry Scurrah Wainwright OBE who was a chartered accountant and social reformer. He was instrumental in founding and growing the Leeds medical company Chas F Thackray Ltd. The charity was originally endowed through funds from the sale of that company in 1990.
1
**The Scurrah Wainwright Charity**
## **Report of the Trustees for the Year Ended 5 April 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
Appointments are based on the unanimous agreement of all trustees. New trustees may be appointed at any time but so that the total number of trustees shall at no time exceed eight.
## **Organisational structure**
The trustees meet three times a year to assess grant applications for approval or refusal.
## **Induction and training of new trustees**
MS Wainwright is responsible for the induction of any new trustee. Such induction would include awareness of a trustee's responsibilities, the governing document, administrative procedures and the history and philosophical approach of the charity. A new trustee would also receive copies of the previous year's annual report and accounts and a copy of the Charity Commission document "The Essential Trustee: what you need to know, what you need to do".
## **Related parties**
The Andrew Wainwright Reform Trust Limited is a related party under common control.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1002755
## **Principal address**
The Barn Thrupp Kidlington Oxford OX5 1JY
## **Trustees**
M S Wainwright H P I Scott H A Wainwright (resigned 17.11.23) P Wainwright T M Wainwright Ms J Scott (appointed 17.11.23) T M Winslow (appointed 17.11.23)
## **Independent Examiner**
N Effendi KJA Bairstow & Atkinson Network House Stubs Beck Lane Cleckheaton West Yorkshire BD19 4TT
## **Independent Examiner**
KJA Bairstow and Atkinson Network House Stubs Beck Lane Cleckheaton BD19 4TT
## **Advisers**
Close Brothers Asset Management 10 Crown Place London EC2A 4FT
2
**The Scurrah Wainwright Charity**
## **Report of the Trustees for the Year Ended 5 April 2024**
Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by:
M S Wainwright - Trustee
3
## **Independent Examiner's Report to the Trustees of The Scurrah Wainwright Charity**
## **Independent examiner's report to the trustees of The Scurrah Wainwright Charity**
I report to the charity trustees on my examination of the accounts of The Scurrah Wainwright Charity (the Trust) for the year ended 5 April 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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 fair 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.
N Effendi The Institute of Chartered Accountants in England and Wales
KJA Bairstow & Atkinson Network House Stubs Beck Lane Cleckheaton West Yorkshire BD19 4TT
20 December 2024
4
## **The Scurrah Wainwright Charity**
## **Statement of Financial Activities for the Year Ended 5 April 2024**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Grants to charitable activities with emphasis on
social reform
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**fund**
**£**
78,751
72,282
151,033
22,073
158,957
11,577
192,607
75,902
34,328
2,761,342
2,795,670|**2023**
**Total**
**funds**
**£**
28,750
76,142|
|---|---|---|
|||104,892|
|||22,225
172,656
9,944|
|||204,825|
|||(106,982)|
|||(206,915)
2,968,257|
|||2,761,342|
The notes form part of these financial statements
5
## **The Scurrah Wainwright Charity**
## **Balance Sheet 5 April 2024**
|**Notes**
**FIXED ASSETS**
Investments
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**2024**
**Unrestricted**
**fund**
**£**
2,649,111
23,491
176,942
200,433
(53,874)
146,559
2,795,670
2,795,670
2,795,670
2,795,670|**2023**
**Total**
**funds**
**£**
2,625,562
8,255
178,560|
|---|---|---|
|||186,815
(51,035)|
|||135,780|
|||2,761,342|
|||2,761,342|
|||2,761,342|
|||2,761,342|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2024 and were signed on its behalf by:
M S Wainwright - Trustee
The notes form part of these financial statements
6
**The Scurrah Wainwright Charity**
## **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 charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from 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.
## **2. INVESTMENT INCOME**
|Other fixed asset invest - FII
Other fixed asset inv - UnFII
Deposit account interest
Interest from investments|**2024**
**£**
46,562
6,232
222
19,266
72,282|**2023**
**£**
53,472
7,268
41
15,361|
|---|---|---|
|||76,142|
continued...
7
**The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **3. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**|||||
|---|---|---|---|---|
|Portfolio management
Interest payable and similar charges
**GRANTS PAYABLE**
Grants to charitable activities with emphasis on social reform||**2024**
**£**
21,998
75
22,073
**2024**
**£**
158,957||**2023**
**£**
22,225
-
22,225
**2023**
**£**
172,656|
|The total grants paid to institutions during the year was as follows:|||||
||2024||2023||
||£||£||
|UK national projects|19,150||31,125||
|North of England|128,207||127,531||
|Zimbabwe & South Africa|11,600||14,000||
||||||
||158,957||172,656||
||||||
## **4. GRANTS PAYABLE**
continued...
8
## **The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **4. GRANTS PAYABLE - continued**
||North of
England|United
Kingdom|Zimbabwe &
South Africa|
|---|---|---|---|
|Active Education Alternative Provision CIC|5,000|||
|Ash (Yorkshire CIC)|4,500|||
|Aspire Creating Communities|4,500|||
|BEACON - Bradford Ecumenical Asylum Concern|5,000|||
|Big Futures Foundation|5,000|||
|Bradford City of Sanctuary CIO|4,000|||
|Cat's Cradle CIC|4,500|||
|City of Sanctuary Sheffield|4,000|||
|Cruse Bereavement Support||3,000||
|Demilitarise Education Ltd||5,000||
|Dewsbury and District League of Friendships (Howlands)|4,000|||
|Dodnaze Community Association|4,000|||
|Down Syndrome Training and Support Services Ltd|4,380|||
|Family Voice Sheffield|5,000|||
|Fun Filled Days CIC|2,000|||
|Generate|4,800|||
|Heritage Crew CIC|4,000|||
|Inspire Women, Men and Children|||5,000|
|Interplay Theatre Trust|3,000|||
|Meeting Point Cafe|2,500|||
|Menfulness CIO|5,000|||
|Music for the Many|4,000|||
|Project Colt|4,500|||
|Restore|5,000|||
|Seaglass Collective|4,000|||
|Shine21|4,500|||
|Smart Works|4,562|||
|Spotlight Faith Group|4,085|||
|St Mary's Parish Church|3,000|||
|Taking Baby Steps||2,500||
|Tang Hall Community Centre|3,500|||
|The Centre for Health and the Public Interest||5,000||
|The Green Team|4,000|||
|The ME (Managing Emotions) Project|5,000|||
|Today for Tomorrow|||3,000|
|Welcome House|3,000|||
|Women In Supported Housing CIC|1,880|||
|Yorkshire Sound Women Network CIC|2,000|||
|Zimconserve|||100|
|Zimkids|||3,500|
|Coaches Across Continents||3,650||
|||||
|Total|128,207|19,150|11,600|
|||||
|||||
|||||
|||||
|||||
continued...
9
**The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **5. 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.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||**Unrestricted**|
|---|---|
||**fund**|
||**£**|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|28,750|
|Investment income|76,142|
|**Total**|104,892|
|**EXPENDITURE ON**||
|Raising funds|22,225|
|**Charitable activities**||
|Grants to charitable activities with emphasis||
|on social reform|172,656|
|Other|9,944|
|**Total**|204,825|
|Net gains/(losses) on investments|(106,982)|
|**NET INCOME/(EXPENDITURE)**|(206,915)|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|2,968,257|
|**TOTAL FUNDS CARRIED FORWARD**|2,761,342|
continued...
10
**The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **7. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
|**MARKET VALUE**
At 6 April 2023
Additions
Disposals
Revaluations
At 5 April 2024
**NET BOOK VALUE**
At 5 April 2024
At 5 April 2023|**Listed**
**investments**
**£**
2,625,562
527,750
(566,016)
61,815
2,649,111
2,649,111
2,625,562|
|Analysis of investments between UK and other:
2024|2023|
|UK investments
1,653,234|1,709,792|
|Foreign investments
995,877|915,770|
|Total investments
2,649,111|2,625,562|
|||
|||
|Material investments held at the year end|2024|2024|2023|2023|
|---|---|---|---|---|
||Cost|Value|Cost|Value|
|Apple Inc Com|17,774|121,019|17,774|118,403|
|Artemis Corporate Bond|81,236|73,464|81,236|71,952|
|Artemis Income|67,338|70,413|67,338|65,853|
|Astrazeneca|59,252|106,200|59,252|115,940|
|Ballie Gifford Japanese|82,536|71,299|81,495|66,785|
|BH Macro|75,063|70,140|75,063|89,250|
|Black rock Sustnbl|68,837|66,677|0|0|
|BP|60,074|63,769|60,074|67,246|
|Diageo|43,849|76,937|43,849|99,063|
|Findlay Park American|71,149|72,202|0|0|
|Guiness Global Equity|71,844|73,341|0|0|
|Leeds Group PLC|654,897|37,344|654,897|42,437|
|Man GLG Alpha Steel|66,204|76,886|66,002|71,207|
|Microsoft Corp|29,412|101,195|29,412|68,536|
|Royal Dutch Shell|58,252|91,740|70,608|94,520|
|Schroder Us Equity|75,631|110,640|75,631|94,950|
|Smith (DS)|61,762|73,800|61,762|55,350|
|UK (GOVT OF) 0.25%|66,724|69,502|0|0|
|Unilever|24,786|69,253|24,786|77,261|
|Visa Inc Com|29,403|87,905|29,403|73,315|
|Wisdomtree Metals Physical|61,930|86,190|61,930|76,093|
continued...
11
## **The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **7. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 5 April 2024 is represented by:
|Valuation in 2015
Valuation in 2016
Valuation in 2017
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Andrew Wainwright Reform Trust
Tax
Prepayments and accrued income
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Other creditors
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts|**2024**
**£**
127
22,150
1,214
23,491
**2024**
**£**
44,450
9,424
53,874
**2024**
**£**
44,450|**Listed**
**investments**
**£**
(298,566)
(182,485)
236,428
(11,471)
67,412
(567,817)
599,588
143,798
(200,707)
61,815
2,801,116
2,649,111
**2023**
**£**
46
6,530
1,679
8,255
**2023**
**£**
41,690
9,345
51,035
**2023**
**£**
41,690|
|---|---|---|
||||
continued...
12
**The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **11. MOVEMENT IN FUNDS**
|**At 6.4.23**
**£**
**Unrestricted funds**
General fund
2,761,342
**TOTAL FUNDS**
2,761,342
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
151,033
(192,607)
**TOTAL FUNDS**
151,033
(192,607)
**Comparatives for movement in funds**
**At 6.4.22**
**£**
**Unrestricted funds**
General fund
2,968,257
**TOTAL FUNDS**
2,968,257
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
104,892
(204,825)
**TOTAL FUNDS**
104,892
(204,825)||**Net**
**movement**
**in funds**
**£**
34,328
34,328
**Gains and**
**losses**
**£**
75,902
75,902
**Net**
**movement**
**in funds**
**£**
(206,915)
(206,915)
**Gains and**
**losses**
**£**
(106,982)
(106,982)|**At**
**5.4.24**
**£**
2,795,670
2,795,670
**Movement**
**in funds**
**£**
34,328
34,328
**At**
**5.4.23**
**£**
2,761,342
2,761,342
**Movement**
**in funds**
**£**
(206,915)
(206,915)|
|---|---|---|---|
|||||
|||||
|||||
|||||
continued...
13
## **The Scurrah Wainwright Charity**
## **Notes to the Financial Statements - continued for the Year Ended 5 April 2024**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 6.4.22**
**£**
2,968,257
2,968,257|**Net**
**movement**
**in funds**
**£**
(172,587)
(172,587)|**At**
**5.4.24**
**£**
2,795,670|
|---|---|---|---|
||||2,795,670|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
255,925
255,925|**Resources**
**expended**
**£**
(397,432)
(397,432)|**Gains and**
**Movement**
**losses**
**in funds**
**£**
**£**
(31,080)
(172,587)
(31,080)
(172,587)|
|---|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2024.
## **13. ULTIMATE CONTROLLING PARTY**
The charity is controlled jointly by its trustees.
## **14. GAINS AND LOSSES ON INVESTMENT ASSETS**
There are a total gains of £75,902 shown on the face of the Statement of Financial Activities. An analysis of these gains/(losses) is shown below.
|An analysis of these gains/(losses) is shown below.||||
|---|---|---|---|
||Realised|Unrealised|Total|
|Fixed asset investments|14,087|61,815|75,902|
|Investment property|-|-|-|
|Total|14,087|61,815|75,902|
14
## **The Scurrah Wainwright Charity**
|**Detailed Statement of Financial Activities**
**for the Year Ended 5 April 2024**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Other fixed asset invest - FII
Other fixed asset inv - UnFII
Deposit account interest
Interest from investments
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Portfolio management
Interest payable
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Postage and stationery
Sundries
Secretarial services
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income/(expenditure)**|**2024**
**£**
78,751
46,562
6,232
222
19,266
72,282
151,033
21,998
75
22,073
158,957
134
134
6,384
6,652
125
4,800
192,607
(41,574)
75,902
34,328|**2023**
**£**
28,750
53,472
7,268
41
15,361
76,142
104,892
22,225
-
22,225
172,656
332
94
5,665
6,091
133
3,720
204,825
(99,933)
93,725
(6,208)|
|---|---|---|
This page does not form part of the statutory financial statements
15