Charity registration numbet: 1012303
The Willan Charitable Trust
Annual Report and Financlal Statements
for the Year Bnded 311rf8rch 2024

The Willan Charltable Trust
Contents (continued)
Referettce and A(kniuistrative Detaib
Trujtses, Report
Statement of Trustees, Responsibilities
Independent Bxaminels Ileport
Statem6nt of Fillanoial Actlvities
Balanc# She¢t
Notes to the Financi￿ Stst¢nMIts
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The Willan Charftable Trust
Reference And Administrative Details
Trustees
Mrs L.E. Willan
Ms J.G.E. Willan
Mr K. Alderson
Mr IL Willan
Charlty Reglstratlon Number
1012303
Prlnclpal Offlce
2 Brooklallds Road
Sale
Cheshire
M33 3SS
Indtpendent Examlner
McKellens Ltd
Chartered Accountants
I l Kiverview
The Brnbani(merAt Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
Page I

The Willlln Charitable Trust
Trustees, Report
The trtistees present the r¢port togetheT with the financi￿ statejnents of the charity for the yw ended 31
March 2024.
ObJectlves And ottfvltles
Objects and aln
The trust rnceives dividend5 from its shares in unlisted UK companies, interest on its special interest bank
account and AuthoTised Trust illvestsnent and $p¢cific dollations. It applies this income to givillg gmnts to
approved beneficiaries in accordance with its trust deed.
hlblle bene
The tti]stees confjrni that they have compliod with tho requirements of section 17 of the Charttles Act 2011 to
have due regard to the public benefit guidanc¢ published by the Charity Conunission for Engliiud and Wales.
Achlevements and perforniance
The charity received £32,849 (2023., £107,417) income In the year (excluding revaluation of investhients) and
Made donatfons of £202,000. (2023: £1,000)
The annual report WAS approved by th¢ t￿stseS of the charity on 29 Jwiuary 2025 and 8igDed on its behalf by:
Mrs L.B. Willan
awimian and tru8tee
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The Willan Charitable Trnst
Statement of Truste￿, Responsibilities
The trustses are respot]sible for preparing the trustees, report and the financial ststements in accordance with th¢
United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢vunting Practice) alld
applicable law and i'egulation8.
The law applicable to Charities requires the trustees to propare ￿ancIal statements for each financial year which
give a true and fail view of the state of affaiTS of the charity and of the incoming resources and application of
resources of the charity for tb8t period tn preparing these fmancial 8t8tements, the trustees are requirod to:
select suitable accounting policie8 and then apply tbem consistently.
observe the methods and principles In the Charities SORP.
n￿ke judgemet]ts &lld estimatss that are reasonable and prudent.
stats whether applicable accounting standards hav¢ been followed subject to any material departurns
disclosed and explained in the fjnancial statements" and
prepare the fmancial statemeits on the going concern basis unless it is inapproprlate to presume that the
charity wiIl continue in business.
The trnstees are itsponsible for keeping proper aLcountllig recoi'ds that disclose with r¢asoiiable accuracy at any
time thts fmanciol position of the charity and enable thom to ￿lsure that the fin￿]cIal statements comply with the
Charities Act 2011, the Cbarities (Accounts and Reports) Regul8tion8 2008, l￿d the provisions of the
constitution, The tsvstees are also rcsponsible for saf¢guarding the assets of the charity and hence for taking
reasonable steps foi the pr¥v¢ntion and detection of fraud and other irregularities.
The trnstees are respoii$iblo for the maintenance and integrity of the corporate and fiiianci&l inforniation
included on the cbaritable company'8 website. Legislation governing the Pl'eparation and dists¢mination of
financial statements may differ from legislation in other jurlsdictions.
Approved by thtt truste￿ of the charity on 29 January 2025 llud sign¢d Lin its behalf by:
Mr8 L.B. Willan
Chairnwi and trustre
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The Willan Charitable Trust
Independent ￿xaminer'S Report to the trustees of The Willan Charitable Trnst
I report to the trusteos on my eXarnI￿tion of the accounts of The Willan Charitsble Tntst for tho year ended 31
March 2024.
Ruponsibilities and basls of report
As the charity trustees of The Willan Charitable Trust you responsible for the preparation of the Accounts in
accordance with the requirements ofthe Charities Act 201 l ('the Act,).
I report ill respect of my examination of the The Willan Charitsble Trust'8 accounts carried out under 8ection
145 of the 2011 Act and in carrying out my examinatlon I h8ve follow¢d 811 the applicable Dire¢tion8 given by
the Charity Commis8ion under Section 145(5)(b) of tbe Aot.
Independent txaminer'8 Statement
I have cornpleted my examination. I confirni that no materia] matters have come to my attention in connection
with the examination giving me cause to believe that in any rnaterial respect:
1. occounting r¢¢ords wero not kept in respert of The Willall Charitsble Trnst as required by section 130 of
the Act. or
2. the accounts do not &word with those recor(Is' or
3. the accounts do not Comply with the accounting requirernents concerning the fonn and content of accounts
set out in the Charities (Accounts end Reports) Regulations 2008 other than any reouirement tbat the
accounts givo a 'true and fair vlew, which is not a matter considered as part of an independent
examinatio
I have no concerns and have come aoross 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 bc reached.
J.P. iioper FCA
M¢Kell¢tJs Ltd
Chartered Accountants
I l Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
29 January 2025
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The Willan Charitable Trust
Statement of Finaneial Activities for the Year Ended 31 March 2024
Unrestricted
funds
Total
2024
Note
Income and Endowments from:
Investment income
32,849
Total incolne
32,849
32.849
Fxpendlture on..
Charitabl¢ &6tivities
Other ¢xpend?ture
(203,062)
13
(203,062)
13
Total expenditure
Gain&qo38¢8 on inve8tsDent assets
(203,075)
101716
(203,075)
101,716
Net expenditure
Net movement in fimds
68,510
(68,510)
(611,510)
Reconclliatlon of lknnds
Total funds brought forward
6 237,999
6,237,999
Totst fillid8 chrried forward
12
6,169,489
Unrestricted
funds
6,169,489
Tot&1
2023
Note
Income and EnduTrvments from:
Invesilnent income
IU7 417
107,417
Total income
107,417
107,417
Expenditure on:
Ch4ritsble activities
Other expenditure
Total expenditUT¢
Gains/losses on inv¢stsn¢nt assets
(2,056)
(2,056)
586
(2,642)
235 026
(2,642)
235 026
Net income
339,801
339,801
Net movement in fiujds
339,801
339,801
R¢coMeillation of funds
Total funds brought forward
5,898,198
5,898,198
Tot￿ find8 c&rriod forward
12
6,237,999
6,237,999
All of the charity's &ctivitieB derive from continuing operations during tho above two pcriods.
The furlds breakdown for 2023 is Shown in note 12.
The not&8 on pages 7 to 12 fonn an integral part of these financial strdt¢m¢Dts.
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The Willan Charitable Trust
(Registration number: 1012303)
Balance Sheet as at 31 March 2024
2024
2023
Nots
Flxed assets
Investmonts
5,276,549
5,174,834
Current ¥$sets
Cash at bank and in hand
10
894,003
1,064,126
Credltors: Ajnounls falling due within one yoar
11
1,063
961
Net current assets
892,940
1,063,165
Net assets
6,169,489
6.237 999
Fuiids of the ¢harl¢y:
Unrestricted in¢orne funds
Unrestricted funds
6,169,489
6,237 999
Total fundb
12
6.169,489
6 237 999
l&e fU￿nClaI Statements on pages 5 to 12 were approved by the trusts¢s. and &utI￿rised for i&8ue on 29 Sanuary
2025 &nd signed on their behalf by:
Mr.4 L.B. Willan
Cliairman and trustee
The notes on pages 7 to 12 forni an integral part of these fillanGial slatements.
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The Willan Charitable Trust
Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024
l Aecountlng pollcies
Statement of ¢ompllanee
The fJnanciAI statell￿nts have b¢en pr¢pared IJJ aecordance wlth the second edition of the Chariti¢8 Statement of
Recommended Practioe issued in October 2019, the fiinan¢lal Reporting Standard applicable iti tb¢ United
Klngdom and Republlc of Ireland (FRS 102) and the Charities Act 2011.
Basts of prÈparAtlon
The Willan Charitable meets the defjnitlon of a publi¢ beneflt ontity under FRS 102. The accoullts
(financial statements) have been prepared under the historical ¢05t convention with items recognised at cost or
tr￿action value unles5 othenvise stated in th¢ relevant note(s) to these accounts.
Colng concern
The trustees consider that th￿¢ aro no mateTial uncertainties about the charitys ability to continue as a going
conrerll.
Income and endoivmellts
Invaslmenl thcome
Interest on fimds held on deposit is includod when receivable and the amount can be measured Teliably by the
Charity. this is normally upon notification of the interest paid or payable by the bankDividends are re¢ognised
once the dividend has been declared and notification has been received of the divAdend due.
Expendlture
All exp¢nditure is recognised onL¢ there is u legal or constructive obligation to that expendith, it is probable
settlement is r¢qiiircd and the wnount call be meu¥urL'd reliably. All costs are allocated to tho applicable
expenditur¢ heading that aggi'cgats similar costs to that cat¢gory, Where c08ts cannot be directly attributed to
particular heading8 they hav¢ b¢¢n allocated on a basis consistent with the use of re80urces, with central staff
costs allocated On the basis OE tinio ypen¢ and depreciation ch4rges allocated on th¢ portion of the as5et'y us¢.
Other support cost8 are allocated bascd on the spread of staff costs.
Charttable ftctlvlrles
Charitable ¢xpenditurc COmPTises those costs incurred by th¢ charity in the delivery of its a¢Yivitie8 and services
for its beneficiari¢8. It Sncludes both costs that can be allocated directty to su¢h activities and those costs of an
indlrect nature neressary to support th¢nL
Granlprovlslons
Provision8 for grants are made when the intention to make a grant has been cottllnunicated to the Tecipi¢nt but
there is uncertainty about either the tiniing of tbe grant or the amount of grant payable.
Governance costs
Th¢se include the c()8ts attributable to the charity'8 complianie with constitutional and stathtory requiremeijts,
including audiL strategic managoment and trustc¢s MeetIn￿S. and reimbursed ¢xpenses.
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The Willan Charitable Trust
Notes to the Financial Statements for the Year Ended 31 M2rch 2024 (continued)
Taxatlon
The charity is coJJ8iderod to pass the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and
therefore it meets the definition of a charitable company for IJK corporation tax purposes. Accordingly• the
charity is potentially exempt from t&Yation in respect of income or capital gains received within catsgories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the T￿￿tion of Chargeable
Gains Act 1992, to th¢ extent that such in¢om¢ or gaill8 ￿ applied exclusively to ¢h&ritable puYpos¢s.
Flxed a&8et Investments
Fixed a88et investments, other than prograuime related investments, are th¢luded at market vakue at the balan
sheet date. Realised gains and losses on inveqtments are Cal￿1[ated as the difference botwecn salcs pro¢e¢ds and
their mftrlcet v#lue at the start of thc year, or tliob subsequent cost, and are charged or cr¢dited to the Statsment
of Financial Athivities in th¢ p¢riod of disposal.
Unrealised gains and losses represent the movement iii nwket values during the year and are credited oi.
charged to the Statement of Financial AGtivitiey b&8ed on the market value at the year end.
Cash and cash equtvalents
Cash and Lash eqUIv￿ClIts compri.se cash on hand and deposits, and other short-t¢rffj highly liquid
investmeiits that are readily convcrtible to a known amount of cash and ar¢ subject to an llis1gnific￿it risk of
change in valu8.
Fund structure
lJnrestrict¢d income funds are genernl funds that are available for Use at the trustee8 discretion in fJJrth¢rance of
t]ie objective.8 of the charity.
Finaneial instruments
c1￿￿111CaII0ll
Financial assets and fmancial liabilitie5 are recognised when the charAty becomes a party to the ¢ontractual
provisions of the in81rument,
Financial liabilities and equlty instruments are classified according to the substance of the contractual
attangements entered into. An equity instrnment is aay contract that evidences a residual interest in the assets of
the cE￿Ity after deducting all of its li&bAlities.
Invulinents
Inve8tn]ents are ￿e￿r￿ at fair v￿ue through the Statement of Financial A¢tivitieg.
Invesknents in subsidiaries and associates are rneasured at cost less impairnient. Por invesknents in subsidiaries.
acquired foi Conslderatlon Sncludillg the issue of shares qualifying for merger relief. cost is meas[￿ed by
referenoe to the nomllial value of the shares is8lled plus fair value of other consideration. Any premium is
i￿Ored.
Falr value measurement
The best evidence of fair value is a quotsd price for an identical &8set in an active market. When quotsd pric&s
are unavailablB, the price of a recent transaction for an identical asset provides evidence of fair value &8 long as
there has not been a significallt change in economic circumstances or a Si￿lf1¢ant 18ps¢ of time sin¢¢ the
transaction took platt. If the nwket is not active and recent transactions of &n ideDtical ass¢t on th¢ir own ar¢
not a good eStin￿te of fair value, the fair value is estimat¢d by using a valuation technique.
Page 8

The Willan Charitable Trust
Nots8 to the Financial Stgdtements for the Year Ended 31 March 2024 (continued)
2 Inveytment inconie
Unrestricted
funds
Genero1
Total
2024
Totsl
2023
Incme from dividellds.
Dividends ￿e1Vable from oth¢r unlist¢d
lllvestments
Interest receivable and similAT income.
tnterest receivable on bauk deposits
Other Incomo from fixed &8set Invesknents
19,729
19,729
99,864
13,120
13,120
5,772
1,781
107417
32,849
32,849
3 ExpeThdlture Oll eharltHbl¢ actlvltieg
Unrestrlcted
funds
General
Total
2024
Totsl
2023
Note
'ant fimding of actlviti
Governance costs
202,000
1,062
202,000
1,062
203,062
1,000
203,062
2,056
4 Other expendltsre
Unrestricted
Total
2024
Total
2023
General
Legal fees
Bank charges
575
11
13
13
13
13
586
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The Wi]lan Charitable Trust
Notes to the Financial Statements for the Year Knded 31 March 2024 (continued)
5 Analys15 of governance and 8upport ¢08ts
GovernAnce costs
Unrestricted
funds
General
Totsl
2024
Total
2023
Independent examiner fees
Exam5nation of the f￿ancIal statements
other fees paid to ¢xamlner8
984
78
984
78
984
72
1,062
6 Gr8nt-maklng
Analys1$ of grants
Grants to Insdtutlolls
21J24
2023
Analy51s
The Brooke Anim&l Hospltal
Help for Hero¢s
Leonard Che81th Di88bility
Brltish Rod Cross
Royal British Legion
The Salvation Anny
Scope
Shelter
Sight5aver3
Street Paw5
Trus8ell Trust
The Wheely Boat Trust
Wood Str¢et Mission
Cancer Research
Guide Dogs for the Blind
])Isast¢rs Emrgency Coti]mittee
Em81ine's Panty
2,000
4,000
2,000
34,000
19,000
2,000
4,000
3,000
6,000
2,000
62,000
4,000
4,000
2,000
1,000
50,000
1,000
202,000
1,000
I,OIM3
The support costs associated with grant.making are £Nil (31 March 2023 - £Nil).
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The Willan Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2024 (continlled)
7 TrustK5 remuneratlon and expen5e5
No trnstees, nor any persons connected with tbem, hav¢ rw¢iYed any remuneration from the ¢harity during the
year.
No truste¢s have received any reimbursed expenses or any other bonofft8 from the ch4Tity during the year.
8 Taxatlon
The charity is a registored charity and is therefore exempt from taxation.
9 Fixed assot Investments
Other Investmen
Ltsted
Investment5
Unlistsd
Investments
Total
Cost or Voluatlojj
At l April 2023
Revaluation
176,282
4,998,552
79,694
5,174,834
101715
At 31 Mawh 2024
198,303
5 0711246
5 276,549
Net book value
At 31 March 2024
198 303
5 078,246
5,276,549
At 31 M&rch 2023
176,282
4,998.552
5 174 834
10 Cash And cash equivalents
2024
2023
Cash at bank
894,003
1064 126
Page Ll

The Will2n Charltable Trust
Notes to the Fhanciyal Statements for the Year Ended 31 March 2024 (continued)
11 Creditor . amounts fAJllng due Ivfithln one year
21J24
2023
Accrnals
961
12 Funds
BY41ance al I
Aprll 2023
Incomlng
resources
Resources
exp¢llded
Balance At 31
March 2024
Unrestrlcted funds
General
6,237 999
134 565
203 075
6,169 489
13 Analy818 of net agsets betsveen fuuds
Unrestrlcted
nds
Genergl
Total funds at
31 Mareh
2023
Fixed a58et investhients
Current assets
Current liabilities
5,174,834
1.064.126
961
5,174,834
1,064,126
961
Total net assets
6,237,999
14 R¢lated party transactions
The￿ were no Telated paty transactions in thv year.
Page 12