|Contents|||Pages|
|---|---|---|---|
|Legal and Administrative||information||
|Trustees'<br>Report|||3-8|
|Independent|Examiner's|Report||
|Consolidated|Statement|of Financial Activities|10|
|Consolidated|Balance Sheet|||
|Charity Balance Sheet|||12|
|Consolidated|Statement|of Cash Flows|13|
|Notes to the|accounts||14-23|





## 

|Name and|registered|registered|number|The charity is|known as The|known as The|known as The|William Wates Memorial|William Wates Memorial|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 3 to 8.||||||||
|Principal|address|||Wates House||||||||
|||||Station Approach||||||||
|||||Leatherhead||||||||
|||||Surrey||||||||
|||||KT22 7SW||||||||
|Trustees||||Andrew Wates|(Chairman)|||||||
|||||Sarah Wates||||||||
|||||Timothy Wates||||||||
|||||Jonathan<br>Wates||||||||
|||||Richard Wates||||||||
|||||Monty Wates||||||||
|||||Hayden<br>Bailey||||||||
|Bankers||||Weatherbys<br>Private Bank||||||||
|||||London Office||||||||
|||||22 Sackville Street||||||||
|||||London||||||||
|||||W1S 3DN||||||||
|Investment||Managers||Evelyn Partners||||||||
|||||Onslow<br>House||||||||
|||||Onslow Street||||||||
|||||Guildford||||||||
|||||Surrey||||||||
|||||GU1 4TL||||||||
|Solicitors||||Boodle Hatfield||||||||
|||||6Worcester Street||||||||
|||||Oxford||||||||
|||||OX1 2BX||||||||
|Independent||examiner||Susan Kumar<br>ACA||||||||
|||||Holden Granat|LLP Chartered||||Accountants|||
|||||Springfield<br>House||||||||
|||||23 Oatlands<br>Drive||||||||
|||||Weybridge||||||||
|||||Surrey||||||||
|||||KT13 9LZ||||||||





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|Consolidated<br>Statement of|Financial A|ctiv|ities for the y|ear ended 31 August 202|3|
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|E|E|
|Income||||||
|Donations<br>received||||484,229|442,609|
|Activities for generating|funds|||465,013|327,978|
|Investment<br>income||||6,157|4,733|
|Total income||||955,399|775,320|
|Expenditure||||||
|Charitable<br>activities||||484,858|311,007|
|Costs of raising funds||||579,567|480,273|
|Total expenditure||||1,064,425|791,280|
|Net expenditure<br>before||||||
|gains/(losses)<br>on investments||||(109,026)|(15,960)|
|Gains on revaluation<br>of investments||9,10||(12,880)|(62,740)|
|Net movement<br>in funds||||(121,906)|(78,700)|
|Reconciliation offunds||||||
|Total funds brought<br>forward|at 1 September||2022|557,453|636,153|
|Total funds carried forward|at 31 August|2023||E435,547|E557,453|





## 

## 

||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Notes||E||E|
|Fixed Assets||||||||
|Tangible<br>fixed assets|||8|||||
|Quoted<br>investments|||9||412,520||419,734|
|Unquoted<br>investments|||10||||12,000|
||||||412,520||431,734|
|Current Assets||||||||
|Debtors and prepayments|||11|123,898||91,865||
|Cash at bank and in|hand||12|392,089||406,857||
|||||515,987||498,722||
|Liabilities||||||||
|Creditors:<br>Amounts|falling|due within||||||
|one year||||||||
|Grants payable|||13|248,943||188,832||
|Other creditors|||14|96,121||72,934||
|||||345,064||261,766||
|Net current assets|||||170,923||236,956|
|Total assets less current||liabilities|||583,443||668,690|
|Creditors:<br>Amounts|falling|due after||||||
|more than one year||||||||
|Grants payable|||13||147,896||111,237|
|Net assets|||||E435,547||E557,453|
|Represented<br>by:||||||||
|Unrestricted<br>Trust Fund|||16||E435,547||E557,453|



## 



## 

|The William Wates Memo|The William Wates Memo|rial<br>Trust||||||
|---|---|---|---|---|---|---|---|
|Charity Balance Sheet at||31 August 2023||||||
||||||2023||2022|
||||Notes||E||E|
|Fixed Assets||||||||
|Tangible<br>fixed assets|||8|||||
|Quoted<br>investments|||9||415,520||419,734|
|Unquoted<br>investments|||10||10,000||22,000|
||||||422,520||441,734|
|Debtors and prepayments|||11|123,439||91,406||
|Cash at bank and in|hand||12|388,313||371,762||
|||||511,752||463,168||
|Liabilities||||||||
|Creditors:<br>Amounts|falling|due within||||||
|one year||||||||
|Grants payable|||13|248,943||188,832||
|Other creditors|||14|101,886||47,380||
|||||350,829||236,212||
|Net current assets|||||160,923||226,956|
|Total assets less current||liabilities|||583,443||668,690|
|Creditors:<br>Amounts|falling|due after||||||
|more than one year||||||||
|Grants payable|||13||147,896||111,237|
|Net assets|||||E435,547||E557,453|
|Represented<br>by:||||||||
|Unrestricted<br>Trust Fund|||16||E435,547||E557,453|



## 



|Consolidated<br>Statement o|f|Cash Flow|s for th|e year ended|31 August 2023||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||Notes||E|E|
|Net cash used in operating||activities|A||(12,563)|(16,597)|
|Investing<br>activities|||||||
|Additions<br>to investments|||||(105,116)|(211,936)|
|Proceeds on disposal of|investments||||111,451|378,284|
|Net cash generated<br>from|/|(used in) investing||activities|6,335|166,348|
|Net increase / (decrease)|in cash and||cash equivalents||(6,228)|149,751|
|Cash and cash equivalents|at beginning||of the|year|406,857|257,106|
|Cash and cash equivalents||at end ofyear|||E400,629|E406,857|
|A. Reconciliation<br>of net expenditure|||to net cash flow from||operating<br>activities||
|Net movement<br>in funds|||||(113,366)|(78,700)|
|Depreciation<br>charge|||||||
|Impairment<br>Charge|||||||
|Change<br>in debtors|||||(32,033)|(38,919)|
|Change<br>in creditors|||||119,957|38,282|
|Gains on investments|||||12,879|62,740|
|Net cash used in operating||activities|||(12,563)|(16,597)|





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|2.|Analysis ofcharitable|exp|enditure||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Notes|E|E|
||Grants payable||||479,154|305,711|
||Support costs - governance||||5,704|5,296|
||||||E484,858|E311,007|
|3.|Analysis of costs of raising||funds||||
||||||2023|2022|
|||||Notes|E|E|
||Accommodation<br>Et food||||298,270|204,879|
||Travel costs||||71,094|59,568|
||Wages of Fundraising|Staff|||74,484|60,695|
||Other event costs||||25,655|22, 154|
||Total costs of events||||469,503|347,566|
||Investment<br>management||fees||5,033|5,981|
||Support costs||||105,031|126,726|
||||||E579,567|E480,273|





## 

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## 

## 

|make a profit or a loss on its tra<br>. Support costs|ding|a|ctivities|.|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Governance<br>Costs - Independent|examiner's|||remuneration|5,704|5,296|
|Governance<br>Costs<br>—Accountancy|services||||||
|Support costs<br>—charitable<br>activities||(note 2)|||E5,704|E5,296|
|Event Organiser costs|||||81,451|96,471|
|Postage and communication|||||10,786|12,974|
|Advertising<br>and promotion|||||1,248|3,997|
|Finance costs and bank charges|||||2,284|10,489|
|Insurance|||||8,017|2,184|
|Hotel, travel and motor costs|||||1,245|611|
|Depreciation|||||||
|Impairment<br>of Investment<br>—Gambado|||||||
|Support costs<br>—raising funds (note||3)|||E105,031|E126,726|
|The Group has no employees<br>(2022:||none)|||||
|No trustees'<br>remuneration<br>was paid||during the year (2022: Enil).|||||
|Details of trustees'<br>expenses are|given||in note|17.|||
|6.Investment<br>income|||||||



|nvestment<br>incom|e|||||
|---|---|---|---|---|---|
||||2023||2022|
||||E||E|
|Dividends|||4,077||3,198|
|Interest receivable:||||||
|Stockbrokers||2,080||1,535||
|Bank deposit||||||
||||2,080||1,535|
|Total investment|income||E6,157||E4,733|





||||||||~Pa e 17|
|---|---|---|---|---|---|---|---|
|The William Wates|Memorial||||Trust|||
|Notes to the accounts for|||the||year ended 31 August 2023 (continued)|||
|7. Charitable<br>expenditure||||- grants payable||2023|2022|
|||||||E|E|
|Grants supporting||young||people;||||
|Abram<br>Wilson Foundation||||||10,000||
|Bay Tree Centre|||||||30,000|
|Community<br>Cycle||Works|||||20,000|
|Eikon Charity||||||28,500||
|Future Frontiers||||||65,000||
|Horizons<br>Plymouth|||||||2,000|
|Livewire Youth Theatre|||||||2,000|
|Mid Surrey Community|||Fridges|||1,000||
|Motiv8 South Ltd||||||30,000|9,500|
|Only Connect<br>UK||||||20,000||
|Onwards<br>& Upwards|||||||20,000|
|Oxford<br>Hub||||||30,000||
|Queens Crescent||Community|||Assoc QCCA|30,000||
|QPR in the Community|||Trust|||30,000||
|Reaching<br>Higher|||||||24,000|
|Scene & Heard|||||||2,000|
|Sister System|||||||28,000|
|Society Links|||||||29,271|
|Sports Dans La Ville||||||15,000|10,000|
|STAR Scheme||||||69,000||
|Street Doctors|||||||75,000|
|Sutton Volunteer||Centre||||130,654||
|Talent Ed Education||||||20,000||
|The Kids Network|||||||24,000|
|Villiers Park|||||||29,940|
|Total charitable|grants||payable to institutions|||479,154|305,711|
|Grants Rescinded/Cancelled||||||||
|||||||E479,154|E305,711|





|Supporting||young people:|2023|2022|
|---|---|---|---|---|
||||E|E|
|Mentoring|||274,154|83,940|
|Sports|||99,000|20,000|
|Music & Arts|||10,000||
|Personal|Development||96,000|201,771|
|Educational||Support|||
||||E479,154|E305,711|





## 

|angible fixed assets|||
|---|---|---|
|Charity and group|||
||Computer|software|
|||E|
|Cost|||
|1 September<br>2022||6,600|
|Additions|||
|31 August 2023||6,600|
|Depreciation|||
|1 September<br>2022||6,600|
|Charge for year|||
|31 August 2023||6,600|
|Net book value|||
|31 August 2023|||
|31 August<br>2022|||



## 

|nvestments|- Quoted Invest|ments|||
|---|---|---|---|---|
||||2023|2022|
|Charity and|group||E|E|
|Market value at 1 September||2022|419,734|648,822|
|Acquisitions|at cost||105,116|211,936|
|Sale proceeds from disposals|||(102,911)|(378,284)|
|Gain in the|year<br>—realised||6,157|4,733|
|Gain/(loss)|in the year<br>—unrealised||(15,576)|(67,473)|
||||~9,419|~62,740|
|Market value at 31 August||2023|E412,520|E419,734|





## 

## 

||Investments<br>are geographically|split as follows:|||
|---|---|---|---|---|
||UK investments||148,765|149,055|
||Non-UK investments||263,755|270,679|
||||E412,520|E419,734|
|10.|Investments<br>- UK Unquoted|Investments|||



|nvestments<br>- UK Unq|uoted<br>Investme|nts|||||
|---|---|---|---|---|---|---|
|||||Grou||Charit|
||||2023|2022|2023|2022|
|Unquoted<br>investments|||E|E|E|E|
|a) Tour de Force Cycling Limited|||||||
|10,000 Ordinary<br>shares of E1 each|||||10,000|10,000|
||||||E10,000|E10,000|
|b) Gambado<br>Limited|||||||
|Cost brought<br>forward|at 1 September|2021|12,000|12,000|12,000|12,000|
|Impairment/Disposal|in the year||(12,000)||(12,000)||
|Costs carried forward|at 31 August 2022|||E12,000||E12,000|
|Total unquoted<br>investments<br>held||||E12,000|E12,000|E22,000|



## 

|Debtors and|prepayments|||||
|---|---|---|---|---|---|
||||Grou||Charit|
|||2023|2022|2023|2022|
|||E|E|E|E|
|Accrued income||85,939|53,906|85,939|53,906|
|Income tax|repayment|||||
|Prepayments|and other debtors|37,959|37,959|37,500|37,500|
|||E126,446|E91,865|E123,439|E91,406|





|12.|Cash held|Cash held||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Grou||Charit|
|||||||2023|2022|2023|2022|
|||||||E|E|E|E|
||Smith<br>&|||- Cash||16,610|17,691|16,610|17,691|
||Williamson|||account||||||
||Weatherbys|||- Current||556|334|556|334|
|||||Account||||||
|||||- Tour de||371,147|353,737|371,147|353,737|
|||||Force||||||
||Co-op|||-Tour de||3,761|35,080|||
|||||Force||||||
||Petty cash|||||15|15|||
|||||||E392,089|E406,857|E388,313|E371,762|
|13.|Grants|payable||||||||
||Charity|and group||||||||
|||||||||2023|2022|
||Reconciliation|||of grants|payable:|||E|E|
||Commitments||brought||forward|||300,069|325,295|
||Commitments||made during the year (note 7)|||||479,154|305,711|
|||||||||779,223|631,006|
||Grants|paid during the|||year|||(382,384)|(330,937)|
||Commitments||at 31 August 2022|||||E396,839|E300,069|
||Payable|within||one year||||248,943|188,832|
||Payable|beyond||one year||||147,896|111,237|
|||||||||E396,839|E300,069|





|14.|Other creditors|Other creditors|||||||
|---|---|---|---|---|---|---|---|---|
|||||||Grou||Charit|
||||||2023|2022|2023|2022|
||||||E|E|E|E|
||Tour de Force contributions||||||96,189|42,130|
||Deferred income||||||||
||Independent|Examination||& accountancy|||||
||costs:||||||||
|||- William Wates||Memorial Trust|5,347|4,900|5,347|4,900|
|||- Tour de Force||Cycling Limited|||||
||Investment|management|fees||350|350|350|350|
||Other creditors||||90,424|67,684|||
||||||E96,121|E72,934|E101,886|E47,380|



## 

|the char<br>are:|ity. The|aggrega|te<br>a|mounts ofthe|subsidiary's<br>assets,|liabilities<br>and funds at t|he year-end|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
|Current|assets|||||100,421|77,685|
|Current|liabilities|||||(90,421)|(67,685)|
|Aggregate<br>share||capital|and|shareholders'|funds|10,000|10,000|



|The following<br>i|s a summary<br>ofthe turnover<br>and|expenditure<br>ofthe subsidiary<br>for the|year:|
|---|---|---|---|
|||2023|2022|
|||E|E|
|Turnover||465,013|327,978|
|Cost of sales||(460,626)|(340,303)|
|Other operating|income|99,055|136,702|
|Administration|expenses|(103,442)|(124,377)|
|Interest receivable||||
|Profit for the year||||





||||||~Pa e 23|
|---|---|---|---|---|---|
|The William Wates Memorial||Trust||||
|Notes|to the accounts for the|year ended 31|August 2023 (continued)|||
|16.|Unrestricted<br>trust fund|||||
||Charity and group|||||
||Balance brought<br>forward|at 1 September|2022||557,453|
||Net incoming<br>resources|for the year ended||31 August 2023|(121,906)|
||Balance carried forward|at 31 August 2023|||E435,547|



##