THE THOMAS WILSON EDUCATIONAL TRUST TRUSTEES REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Charity Number 1003771
THE THOMAS WILSON EDUCATIONAL TRUST TRUSTEES REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Contents Page Trustees report Report of the Independent Examiner Receipts and payments accounts
THE THOMAS WILSON EDUCATIONAL TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 Reference and Administrative Infomiation Charity name The Thomas Wilson Educational Trust Charity registration number 1003771 Principal address 94 Oldfield Road, Hampton. rw12 2HR Trustees Rev D Stockford Mrs S Kay Mrs J Pontin Independent Examiners Jacob Cavenagh & Skeet, Chartered Accountants, 5 Robin Hood Lane, Sutton, Surrey SM12SW Structure, Governance and Management The Charity is constituted as a trust and is govemed by a Trust Deed dated 5 November 1990. Trustees are ex-officio - Minister and wardens of Christ Church, Teddington, The Trustees are responsible for the day to day running of the Trust and considered key management personnel along with the secretary. Objectives and Activities The principal purpose of the Trusl is to promote the Education of persons under 25 who are resident in the area of Teddington, Richmond-upon-Thames, Surrey The Trust grants financial assistan to students undertaking Courses at University or Higher Education Establishments and also children of School age where there is financial need, The trustees have read the Commission's Public Benefit requirement statutory guidance and have had regard to this when running the charity. Achlevements and Performance In 2022 31 awards were granted (32 in 2021), approximately half to students at University or in Higher Education establishments and half to pupils of School age. Feedback from the University and Higher Educalion students confirms that the grants have relieved the financial constraints upon them and enabled them to benefit more fully from their Courses. Pupils of School age have received grants for School Trips. equipmenl and other essentials where there was financial need. In one case the Trust funded English Language lessons for a child who spoke little English, thus making it possible for her to benefit more fully from her education. In another case the purchase of a camera was funded to enable a boy, struggling with health issues, to pursue his nature studies and the Trustees were delighted to hear that he has won a photographic competition.
THE THOMAS WILSON EDUCATIONAL TRUST TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Financial review In the year, the Trust had an income of £144,433 and an expenditure of £101,758. Cash funds held at the end of the year totalled £348,209. The quarterly rent of £135,000 per annum was paid in full and on time. plus the lessees proportion of the Buildings Insurance. Reserves are held for the purposes of the upkeep of the 'Dame School, building which TWET is responsible for and so that, should the lessees leave, the Trust can continue to give some grants in any interregnum. Going forward, the current lease is due to expire during 2023 and the Managing Agent is advising and conducting the neSSary negotiations going foNiard. Maintenance of the 'Dame School, building has continued to be monitored during the year and work carried out, where necessary. In the coming year the Trust hopes to continue and extend its association with local Schools and Support Workers as well as offering grants for Higher Education. In the past applications to the Trust have come through word-of-mouth in the local community, by contacting local Schools and by placing posters at various sites. However, it is now hoped to extend knowledge of the Trust and its aim, and aCsS to it, though the launch of a Vb$Ite which is currently being designed.. Related Party Transactions During the year, one grant of £6,456 to assist wilh the 2nd year of an Open University course was given to the daughter of a Trustee, Rev. Dominic Stockford. ON BEHALF OF THE TRUSTEES Revd D F Stockford Date.. Iq[10130£1
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THOMAS WILSON EDUCATIONAL TRUST I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2022 set out on pages 4 to 5. Responsibilities and basis of report As the charity's trustees 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 your charity's accounts as carried out under section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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.. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. Miriam Hickson CTA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM12SW Date. Zo LS
I CHARITY COMMISSION FOR INGLAND AND WALES Receipts and payments accounts CC16a For tho period from Section A Receipts and payments Unrestricted funds to th• n•ar•st Restricted fund3 Endowment funds Tot•1 funds Last year lo th• ne8re•t £ to the ne¥re•t £ to th• n•are•t £ to the nearest £ A1 Recelpts Rent from School Insurance Interest Teddin Refunds Sundry Income Bnt15h Ga5 Credit¥ 136,000 8,697 146 135,000 8,597 146 101,260 7.4J8 16 on Dance Studio 889 689 331 Sub total (Gross income for AR) 144,432 1A4N32 t,034 A2 Asset ond investment $alu, 1890 tsbl•). Sub total zzzz Total recelpts 144,432 144,432 109,034 A3Pa ents Snellers Management fees Profe9810nal fee5 Insuranc Secrela Salary Seeretsry expenses Independent Examiner British g89 Repa1rs and M8inlenan¢e Educational payments C8r Path rent Sundfios 8,100 1.200 10,308 2,400 14 8,100 1,200 10,308 2.400 14 6,07S 2.680 8,918 2.400 13 688 8,365 52,400 f8,281 689 8.386 62,400 18.281 861 4,374 45,614 11,897 Sub total 101,767 101,757 82,822 A4 Asset and inveslrnent urchases, see tabl8 Sub total 101.7S7 101.767 82,622 Net of receiptsl(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds thls year end 42.675 42,675 26812 305,534 348.209 305,634 348,209 279,122 305,534
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to noare$t £ Restr4Cted funds to neare$t £ Endowment funds to nearest £ Categories Details B1 Cash funds 8u$st)es$ PrnIUM AcLount 161,440 Ccffnmunity Acwunt 196,769 Total cash funds 348,209 18gree b8latK88 wilh feceipts and paymen1$ accwiiisll Unrè$tri¢ted funds Restricted funds to near¢st £ Endowment fund$ to nèarest È DLt.11IS to nearest £ Fund to whlch a••et belon Co•t (op0•1) Current value onal Dame School Building Fund to whl¢h Delai15 Cost lopuonall Current value tlonal B4 Assets retalned for the charlty's own use Fund to whlch relate• Amount due tlonal Tthvhen due lonal Details 85 Llabilitles Signed by one OT hvo trustees on behalf of all the trustees Signature Print Name Dale of roval Revd D F Stockford