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2021-08-31-accounts

Contents Pages
Legai and Administrative information
Trustees'
Report		 3-7
Independent Examiner's Report
Consolidated Statement of Financial Activities
Consolidated Balance Sheet 10
Charity Balance Sheet
Consolidated Statement of Cash Flows 12
Notes to the accounts 13-22

Name and registered number The charity is known as The as The William Wates William Wates William Wates Memorial Trust
ofcharity and its registered
number		 is 1011213.
Status The charity was established by a Charitable
Trust Deed dated 2 April 1992. Its objects
are described in the Managing Trustees' Report
on pages 3to 7.
Principal address Wates House
Station Approach
Leatherhead
Surrey
KT22 7SW
Trustees Andrew Wates (Chairman)
Sarah Wates
Timothy Wates
Jonathan
Wates
Richard Wates
Monty Wates
Susan Laing
Bankers Weatherbys
Private		 Bank
London Office
22 Sackvige Street
London
W15 3DN
Investment Managers Smith BWilliamson Investment Management LLP
25 Moorgate
London
EC2R 6AY
Solicitors Boodle Hatfield
6Worcester Street
Oxford
OX1 2BX
Independent examiner Susan Kumar
ACA
Holden Granat LLP Chartered Accountants
Springfield
House
23 Oatlands
Drive
Weyb ridge
Surrey
KT13 9LZ

Consolidated
Statement of		 Financial Activ ities for the y ear ended 31August 202 1
2021 2020
Notes E E
Income
Donations
received		 318,627 154,392
Activities for generating funds 97,834 188,085
Investment
income		 5,316 9,525
Total income 421,777 352,002
Expenditure
Charitable
activities		 481,585 350,580
Costs of raising funds 83,319 165,922
Total expenditure 564,904 516,502
Net expenditure
before
gains/(losses)
on investments		 (143,127) (164,500)
Gains on revaluation
of investments		 9 105,557 (4,305)
Net movement
in funds		 (37,570) (168,805)
Reconciliation offunds
Total funds brought
forward		 at 1 September 2020 673,723 842,528
Total funds carried forward at 31 August 2021 E636,153 E673,723

2021 2020
Notes E E
Fixed Assets
Tangible fixed assets 8
Quoted investments 9 648,822 528,444
Unquoted
investments		 10 12,000 12,000
660,822 540,444
Current Assets
Debtors and prepayments 11 52,946 5,113
Cash at bank and in hand 12 257,106 414,871
310,052 419,984
Liabilities
Creditors: Amounts faliing due within
one year
Grants payable 13 223,795 189,969
Other creditors 14 9,426 56,536
233,221 246,505
Net current assets 76,831 173,479
Total assets less current liabilities 737,653 713,923
Creditonn
Amounts		 falling due after
more than one year
Grants payabie 101,500 40,200
Net assets E636,153 E673,723
Represented
by:
Unrestricted
Trust Fund		 16 E636,153 E673,723

~pa e11
The William Wates Memorial Trust
Charity Balance Sheet at 31 August 2021
2021 2020
Notes E E E
Fixed Assets
Tangible fixed assets 8
Quoted investments 9 648,822 528,444
Unquoted
investments		 10 22,000 22,000
670,822 550,444
Current Assets
Debtors and prepayments 11 117,273 67,275
Cash at bank and in hand 12 178,083 291,011
295,356 358,286
Liabilities
Creditors: Amounts falling due within
one year
Grants payable 13 223,795 189,969
Other creditors 14 4,730 4,838
228,525 194,807
Net current assets 66,831 163,479
Total assets less current liabilities 737,653 713,923
Creditors:
Amounts		 falling due after
more than one year
Grants payable 13 101,500 40,200
Net assets E636,153 E673,723
Represented
by:
Unrestricted
Trust Fund		 16 E636,153 E673,723
Approved
by the Trustees		 4~~

Consolidated
Statement o		 f Cash Flow s for th e year ended 31 August 2021
2021 2020
Notes E E
Net cash used in operating activities A (142,944) (247,309)
Investing activities
Additions to investments (14,821) (168,160)
Proceeds on disposal of investments 495,097
Net cash generated
from		 I(used in) investing activities (14,821) 326,937
Net increase I(decrease) in cash and cash equivalents (157,765) 79,628
Cash and cash equivalents at beginning of the year 414,871 335,243
Cash and cash equivalents at end ofyear E257,106 E414,871
A. Reconci(lation
of net expenditure		 to net cash flow from operating
activities
Net movement
in funds		 (37,570) (168,805)
Depreciation
charge		 440
Impairment
Charge		 6,030
Change
in debtors		 (47,833) 15,414
Change
in creditors		 48,016 (104,693)
Gains on investments (105,557) 4,305
Net cash used in operating activities (142,944) (247,309)

2. Analysis ofcharit able
exp		 enditure
2021 2020
Notes E E
Grants payable 477,315 296,200
Other Donations 50,000
Support costs - governance 4,270 4,380
E481,585 E350,580
3. Analysis ofcosts of raising funds
2021 2020
Notes E E
Accommodation b food 6,697 45,360
Travel costs (341) 15,259
Other event costs 1,999 8,310
Total costs of events 8,355 68,929
Investment
management		 fees 6,669 8,720
Support costs 68,295 88,273
E83,319 E165,922

Support costs
2021 2020
E E
Governance
Costs - Independent		 examiner's remuneration 4,270 4,380
Governance
Costs - Accountancy		 services
Support costs - charitable
activities (note 2)		 E4,270 E4,380
Event Organiser costs 45,619 63,535
Postage and communication 2,571 5,301
Advertising
and promotion		 11,726 3,975
Finance costs and bank charges 2,541 3,640
Insurance 5,737 4,283
Hotel, travel and motor costs 101 1,069
Depreciation 440
Impairment
of Investment
- Gambado		 6,030
Support costs - raising funds (note 3) E68,295 E88,273
The Group has no employees
(2020: none)
No trustees'
remuneration
was paid during the year (2020: Enil).
Detaiis oftrustees'
expenses are		 given in note 17.
6.Investment
income		 6.Investment
income
2021 2020
E E E E
Dividends 3,650 9,488
Interest receivable:
Stockbrokers 1,666 37
Bank deposit
1,666 37
Total investment income E5,316 E9,525

The Wgliam Wates Memori The Wgliam Wates Memori al Trust al Trust
Notes tothe accounts for the year ended 31 August 2021 (continued)
7. Charitable
expenditure		 -grants payable 2021 2020
E E
Grants supporting
young		 people;
Abram Wilson Foundation 35,000 35,000
Community
Cycle Works		 10,000
Community
Foundation		 Surrey 50,000
Coram Fields 28,000
Football Beyond Borders 74,815
GRIT Breakthrough 5,000
Hackney Quest 30,000
Hackney Intercity 1,000
Hounslow
Action for Youth		 22,000
Livewire Youth Theatre 5,000
Manchester
Youth Zone		 1,000
Manorfieid
Charitable		 Foundation 5)000
Motiv8 South Ltd 5,000
Oarsome Chance 27,100
Organiclea 27,000
Our Time 27,600
Palace for Life 90,000
Power2 Teens is Toddlers 27,000
Rubies 1,000
School of Hard Knocks 28,000
School Ground
Sounds		 19,500
Sleep Pod 2,000
Spear Brighton 10,000
Sports Dans La Ville 10,000 5,000
Springboard
for Children		 12,000
STAR Scheme 2,000
Streets of Growth 27,000
SIH Equine Therapy - Strength in horses 10,000
Suited for Success 2,000
Tonic Music for Mental Health 2,500
West London Zone 50,000
YMCA East Surrey 27,000
Youth Adventure
Trust		 60,000
Total charitable
grants		 payable to institutions 477,315 296,200
Grants Rescinded/Cancelled
E477,315 E296,200

Supporting young people: 2021 2020
E E
Mentorlng 145,500 123,600
Sports 12,000 7,000
Arts 35,000 59,500
Personal Development 279,815 94,100
EducationalSupport 5,000 12,000
E477,315 E296,200

angible fixed assets
Charity and group
Computer software
E
Cost
1 September 2020 6,600
Additions
31August 2021 6,600
Depredation
1 September 2020 6,600
Charge for year
31August 2021 6,600
Net book value
31August 2021
31 August 2020
2021 2020
Charity and group E E
Market value at 1 September 2020 528,444 859,686
Acquisitions at cost 14,821 168,160
Sale proceeds from disposals (495,097)
Gain in the year - realised 5,316 9,525
Gain/(loss) in the year - unrealised 100,241 (13,830)
185 557 4 305
Market value at 31 August 2021 E448 822 E528 444

Investments
are geographically		 split as fogows:
UK investments 210,773 179,216
Non-UK investments 438,039 349,228
E648,822 E528,444

Grou Charit
2021 2020 2021 2020
Unquoted
investments		 E E E E
a) Tour de Force Cycling Limited
10,000 Ordinary
shares of E1 each		 10000 10000
E10000 E10000
b) Gambado Limited
Cost brought forward at 1 September 2020 12,000 18,030 12,000 18,030
Impairment in the year (6,030) (6,030)
Costs carried forward at 31 August 2021 E12,000 E12,000 E12,000 E12,000
Total unquoted
investments		 held E12,000 E12,000 E22,000 E22,000

Debtors and prepayments
Grou Chari
2021 2020 2021 2020
E E E E
Accrued income 22,702 231 22,702 231
Income tax repayment 4,423 4,423
Prepayments and other debtors 30,244 459 94 571 62,621
E52,946 E5,113 E117,273 E67,275
12. Cash held
Grou Charit
2021 2020 2021 2020
E E E E
Smith
&		 - Cash 2,592 18,765 2,592 18,765
Wilhamson account
Weatherbys - Current 282 282
Account
- Tour de 174,782 271,964 174,782 271,964
Force
Co-op -Tour de 79,008 123,845
Force
Petty cash 15 15
E257,106 E414,871 E(78,083 E291,011
13. Grants payable
Charity and group
2021 2020
Reconciliation of grants payable: E E
Commitments brought forward 230,169 332,207
Commitments made during the year (note 7) 477,315 296,200
707,484 628,407
Grants paid during the year (382,189) (398,238)
Commitments at 31 August 2021 E325,295 E230,169
Payable within one year 223,795 189,969
Payable beyond one year 101,500 40,200
E325,295 E230,169

14. Other creditors Other creditors
Grou Charit
2021 2020 2021 2020
E E E E
Tour de Force contributions
Deferred income
Independent Examination & accountancy
costs:
- Wgham Wates Memorial Trust 4,380 4,488 4,380 4,488
- Tour de Force Cycling Limited
Investment management fees 350 350 350 350
Other creditors 4,696 51 698
E9,426 E56,536 E4,730 E4,838

The following
isa summary
ofthe turnov		 er
and expenditure
ofthe		 subsidiary
for the		 year:
2021 2020
E E
Turnover 97,834 188,085
Cost of sales (6,385) (62,985)
Other operating
income		 (31,947) (44,555)
Administration
expenses		 (59,502) (80,545)
Interest receivable
Profit for the year
16. Unrestricted
trust fund
Charity and group
Balance brought
forward at 1 September		 2020 673,723
Net incoming
resources for the year ended 31 August 2021		 (37,570)
Balance carried forward at 31 August 2021 E636,153