Charity registration number: 1012303 The Willan Charitable Trust Annual Report and Financial Statements for tb¢ Year Ended 31 Mch 2025
The Willan Cbarit&bIe Trust Contents (continued) RefeTence and AdTninistrative Details Tiusm, Report Stat¢m¢nl of TNsto¢s' Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t0 13
The Wlllan Charitable Trust Reference and Administrative Details Trustees Mis L.E. WIIIMn Ms J.G.E. Willan Mr K. AldcrsuTL Mr R. Willwi Charity Reglstratlon Number 1ts12303 Prlnclpol oifice 2 Brooklands R(Trad Sale Cheshire M33 3SS independ¢nt Examiner M¢Kellens Ltd Chartered Accountants I l Riveryiew Th¢ Embanknient Business Park Vale Road Healon Mersey Stockport SK4 3GN Page I
The Willan Charitable Trust Trustees, Report The ttustees Present the annual report together with the financial statements of the charity for the year ended 31 March 2025. Objectlves and a1vItIeS Objects and llims The trust receives dividends fi'om its shares in unlisted UK companies, interest on irs special interest bank accouTJt and Authorised Trust itsV¢slment and specific donations. Tt applies this income to giving grant5 to approved beneficiaries in a¢cordance with its tLWSt deed. Publie bemefit The trustees confjrm that they havc compli¢d with th¢ wuirements of section 17 01 the Cbariti¢s Act 201110 have due regard to the public b¢n¢fit guidance published by the Charity commi10 for England and Wal¢s. Achievements and p¢rformAnce The charity received £34.552 (2024.. £32,849) income in the year (excluding rev*lualion of tnv¢5tments) and ttwle dollattons of £19,000 (2024.'£202,000) Tlk¢ 8nnual r¢port w&s approved by thc trustces of the cbarity 9 January 2026 and signed on its bchalf by. rs L.E. Willan ChaiTmart and [tee Page 2
The Willan Charitable Trust Statement of Trustees, Responslbilities The trustees are responsible for prepRring tht truste¢s' report and th¢ financial ststements in &ccordan¢c with the United Kin¥dom AccounLing Standards (United Kingdom Gellerally Accepted Accounting Practice) and applicabl¢ law and regulations. Th¢ law applicable to charities requires the ttwtees to prepare finan¢ial statements for each firn¢la1 year which ve a tNe and fair view of the state of affairs of thc charity and of the incoming Tcsources and application of resources of the eharity for that period. In preparing these financial statements, the trustees are required to.. select sllilabltt accounting policies and then apply them consx8tently,' observe th¢ m¢thod5 and principles in the Charities SORP; make judg¢ments estimates that are reusonable and PTudent' slate wheiher applicable accounting stidardS have been followel subject to ally tnalerial departures disclostd and explained in the financial statements. and prepare the financial statements oll thc going concern basis unless it is inappropriate to presume that the charity will eontinue in business. The tteeS are responsibl¢ for keeping proper accounting records that disclose with reasonable a¢curacy at any time the financial position of the charity and enable them to ensure that rhe financial 8tatements cofftply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions OF the constition. The trustees are alsts responsible for safeguarding the assets of the ¢harity and hencc for taking reasonable steps for the prevention and detection of fraud aod other irregulartties. The Ite¢S are responsible for the maintenan¢e and integriry of the COOrate and finan¢ial inforniation included on the charitable ¢ompany's website. Legislation 8ovcrning the preparation and disseminptioll of fancial stat¢ments may differ from1¢8islation in oiber jurisdictions. Approved by the ttustees of the charity on 9 January 2026 and sigued on its behalf by.. Mrs L.E. Willan Chairn18n atid tru8tee Pagc 3
The Willan Charitable Trust Independent Examiner's Report to the trustees of The Willan Charitable Trust I report to the trustees on my examination of the accounts of The Willan Charitable Trust for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of The Willan Charitable TnTSt you are responsible for the prepaTation of tbe accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in Tespect of my examination of the The Willan Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applKcable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's Statement I have completed my examination. I CODfllin that no material matters have come to my attention in connection with the examination giving Me cause to believe that in any nMterial respect: accounting records were not kept in respect of The Willan Charitsble Tnt as required by section 130 of the Act. or 2. the accounts do not accord with those record5. or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otber than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matteTS 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 be reached. J.P. Roper FCA McKellens Ltd Chartered Accountants I l Riverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK43GN 23 January 2026 Page 4
The WiJ]an Charitable Trust Statement of Financial Activities for the Year Ended 31 M&rch 2025 Unrestrlcted funds Total 2025 Note Income and Endowmentg frorn: Tnvest]nent income 34,552 Tot&1 income 34,552 34.552 EXpedItllre on: Charitable activities Other expcnditure (20,181) (20,181) Total expenditure Gainsllosses on investment &ssets {20.I92) 291,014 (20.192) 291,014 Net income 305.374 305.374 Net movement ia funds 305.374 305.374 Reconeili2tion of tsllds Total fimds brought fonv&rd 6,169.591 6,169.591 Tot&] fund8 cunicd forward 12 6,474.965 Uttrestricted funds 6,474 965 Tota] 2024 Note Income and Endowments from: Inv¢stmcnt income 32.849 32,849 Total incorne 32,849 Expenditsre &n: Charitable activities Other exp¢nditure (203,062) 13 (203,062) (13 Total eXpendire Gains/lo8ses on investment &ssets (2Ql,07S) 101,716 (207,075) 101,716 Net expenditure 68,510) (68.510 Net movement in fimds (68,510) (68,510) Re¢onciliation of funds Total funds brought fotward 6,237.999 6,237,999 Total fjjnds GaTried forward 12 6 169,489 6.169,489 All of the charity's activilics derive from continuing operations during the abov¢ two periods. The fimds breakdown for 2024 is shown in note 12. Th¢ notes on pages 7 to 13 fomi an integral part of Ibese financial Statements. Page 5
The WiIlan Charitvdble Trust (Registration number: 1012303) Balance Sheet as at 31 Marcb 2025 2025 2Q24 Note Flxed assets Investmen15 5.567.563 5,276,549 Current assets Cash at bank and in hand io 908,464 {1.062) 894,003 Creditors: Amounts falllng due withln one year li 1,063 Net current assets 907.402 892,940 Net assets 6,474.965 6,169,489 Funds of the charity: Ullrestricted illcoe funds Unrestricted 6,474,965 6,169.489 6,169,489 Total fund$ 12 6.474,965 The financial statements on pages 5 to 13 were approved by the tnLstees, and authoris¢d for issue on 9 January 2026 and signed on their behalf by: Iktrs L.E. Willan Chaimian and trustee Th¢ notes on pages 7 to 13 fonn an ijrtegral part of these financial statements. Page 6
The Willan Charitable Trust Notes to the Financial Statements for the Year Ellded 31 March 2025 l Accounting pollcies Statement ofcompllanee The financial statements have been prcparcd in accordance with the second edition of the Charities Statcmcnt of Recommended Practice issued in October 2019, the FinanciaI Reporting Standard applicable in the United Kingdom and Republic of Trcland (FRS 102) and th¢ Charities Act 2011. Basis of preparatlon The Willan Charitable Trust mccls the definition of a public benefit entity under FRS 102. The aecounts (financial statements) have been prepared under the hi8toric&l cost convention with items re¢ognised at cost or tran$tion value unless uth¢rwisc stated in the relevant note{s) to these accounts. Going con¢er The tru5t¢es consider that there are no material uncertainties about the charity's ability to continue as a going onc¢. lllcome endoTvmenÉs JnvesfMeRI income Inlcresl on fimds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is nornially upon notification of the interest paid or p&yabl¢ by the bank.Dividends are reeognis¢d once th¢ dividend has been declared and notification has b¢en receivcd of the dividend due. Expenditure All pendIture is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlemcnt 15 required and the amount can b¢ rn¢asured reliably. All costs are allocated to the applicable expendire heading that aggr¢gate similar costs to that category. Where costs cannot b¢ directly attributd to particular headings they have be¢n allocatcd on a basis consistent with the use of resources. with central staff costs all0¢al on the basis of time spcnL and dcprcciation ¢harg¢s allocated on the portion of the asset'5 115e. OIEi¥r suppurl Lu5Lb' dre #lltscatsd based on Ihe spread of staff COSES. Charitable ac¢ivlile8 Charitable expenditure ¢ompiises those costs incurred by thc GhaTity in Ihe delivery of tts activities and services for its beneficiaries. It includes both cosls that ¢an be allocated directly to such activities and those costs of an indirect nathre necessary to support diem. Grantprovisions Provisions for grants are made when th¢ intention to make a grant has been communicated to the recipient but there is uncertainty about either thE tiffling of the ¥ralll or the amount of grant payable. Governance costs These include the costs attributable to the charity's compliance with constitutional and sttOry requirements, including audit. Strategic management and ttust¢¢s meetings and reimburs¢d expenses. Pag¢ 7
The WAllan ChAritable Trust Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Taxallon The chartry is considered to pass the tesls set out in Paragraph I Schedule 6 of Ihc Finance Art 2010 and therefore tt meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is polcnlially exempl fjrom laxation in r¢sP¢Ct of income or ¢apital gains received within categories cover¢d by Chapfrr 3 Part I l of the Cory)oration Tax Act 2010 or Section 256 of thc Taxalion of Chargeabl¢ Gains Act 1992. to the extent that such income or gains arc applied exclu5ivety to charitable purp()ses. Wixed asset investments Fixcd asset invcstments, oth¢r than programme r¢latcd inv¢stm¢nts. are included at market value at th¢ balan¢e sheet date. Realised gain5 twd losses on investments are calculated as the difference befween sales proceeds and their tllarket value al th¢ statt of Ihe yw, or their subsequent cosl and are charged or credited lo the Statement of Financia] Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and Lre credited or charged to the Slatemtnt of Financial Activities based on the market value at the year end. C4sh and cash equivalent5 Cash and cash equivalents compris¢ c&8h on ha] and 11 deposits. and other short-t¢tm highly liquid investments that are readily convertible to a known amount of cash and arc subject to an insignificant risk of change ill value. Fund structure Unrestricted income fi]nds are general funds that are available for use at the trustees discretion in fiuth¢rdnce of the objectives of the charity. Flnanclal instrum¢nt5 Classifrcation Fijiaocial assets and fmancial liabilities are recogllised when the charity becomes a paty to the contrdctual provisions of the instwment. Financial liabilities and equity instrlvnents are ¢1g&sified according to the substanee of the contractual aangernellts entered into. An equity instnllnent is ally contract that evid¢n¢¢s a residual inteiest in the assets of thc charity aftcr dll¢ting all of its liabilities. IAvestmeTht Investments are measured at fair v8lu¢ through the Stat¢ment of Financial Activities. Inv<%tment5 in subsidiaries and associates are rneasured at cost less irnpairniellt. For investmcnls in subsidiarie5 acquired for consideration including th¢ issue of share5 qualifying for merger relief. cost is measured by reference to the nominal value of the shares issucd pl5 fair value of other constderation. Any premium is ignored. Foir value measurement The bes( evidence of fair value is a quoted price for an identical asset in an active market. When quo¢¢d prioes are unavailllble, the price of a r¢cent transaction for an identical assct providcs evid¢n¢e of fair value as long a8 there has llot b¢¢n a signifL¢ant Ghange in ewnollLiC circumstances or a significant lapse of time Since the transaction took place. Tf the marktt is not activc alld reccllt transactions of an identical asset on thcir own are not a good estimate of fair value, the fair value is eslimlted by using a valuation technique. Page 8
The Willan Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 2 1nvtStment Income Unrestricted funds General Total 21125 Totsl 2024 Incomc from dividends. Dividends receivable from other unlisted investments Tnterest r¢¢¢ivable and similar income- Interest receivable on bank dcp05its 22.025 22,025 19.729 12,527 12,527 13.120 34.552 34.552 32,849 3 Expendlture on cb4ritable activlttes Unrestrieted fundg General Totsl 2025 Total 2024 Iyote Grdnt fndIng of activities Governance costs 19,000 1.181 19,000 1,181 202,000 1.062 20,181 203,062 4 Other expendltsre Unrestricted Tntsl 2025 Tntsl 2024 General Bank charges 13 13 Page 9
The Willan Charltable Trnst Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Analysi5 of governance and 5UPPOrt costs Governance costs UDrestri¢t¢d fllllds General Tot41 2025 Tot21 2024 Independent examiner fees Examination of the financial statements Other fees paid to examiners 1,103 78 1,103 78 78 1.181 1.062 6 Grant-making AnAlysl8 of grallts GJ'aiil$ lu iii¥Lltlltloiis 2025 2024 AnAlysfs The Brooke AniEnal Hospital Help for Heroes L¢onard Cheshire DT8ubility British Red CT05S RoyaI British L¢gion The Salvation Amiy Scope Slitlrer Sightsaver8 Street Paws Trussell TTUSÉ The Whcely Boat Trnst Wood Street Miss?oti Cancer Research Guide Dogs for the Blind Disasws En]rgency Comtnittee Emeline's Pantry 2.000 4.000 2,000 34.000 19,000 2.000 4,000 j.uuu 6,000 2.000 61000 4,000 4.000 2,000 i.oao 50.000 1,000 2.000 17,000 19.000 202.000 The support costs a55ociated with grdnt-making are £Nil Q l March 2024- £Nil). Page 10
The Willan Chydritable Trust Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued) 7 Trn8tÈe$ remuneratlon #nd expeseS No tnjstees, nor any persons connected witb thejn, have received any remuneratiott from the charity duiing the ycar. No truste¢s hav¢ received any reimbursed expenses or any other benefits from the charity during the ye. 8 Taxation The charity is a registered charity and is therefore exempt from taxation. Pagell
The Willan Charltable Trust Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 9 Fixed Asset investments Other investments Llsted Investments Unllsted Investments Total Cost orvaluation At l April 2024 Revaluation 198,303 8.702 5,078,246 282,312 5276.549 291,014 At 31 March 2025 207 005 5 360.558 5.567.563 Not boolt volDe At 3 l March 2025 2.005 5 360.558 5 567.563 At 31 March 2024 198,303 5,078246 5 276 549 10 Cash and exsh equivalents 2025 2024 Cash at bank 908,464 894,003 Il Credftors: amounts flg due within one year 2025 2024 Accrual8 1.062 12 Funds Balance at I April 2024 Ineomlng resources Resources expeDded Balance at 31 March 2025 Ullrestrfcted funds General 6 169 591 325,566 6,474,965 Page 12
The Willan Charitable Trust Notes to the Finaneial Statements for the Year Ended 31 Marcb 2025 (continued) 13 Analysls of net assets between fundy Ullre5tricted fund$ Genero1 Total funds at 31 March 2025 Fixed asset investments CunEnt ¥sets Current liabilities 5.567,563 908,464 (1,062) 5567,563 908,464 (1,062 Total net assets 6.474,965 6,474,965 UDrestrlcted funds General Total fvnds at 31 March 2024 Flxed asset investtnents Cu¢llt a88ets Current liabilities 5.276,549 894.003 1.063 5.276,549 894.003 1.063) Total net assets 6,169.489 6,169.489 14 Related party transacdons There were no related paTty transactions ift the year. Pag¢ 13