## ## |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| ##