Charity registration number: 1012303
The Willan Charitable Trust
Annual Report and Financial Statements
for tb¢ Year Ended 31 M￿ch 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 a￿1vItIeS
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 commi￿10￿ 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 fir￿n¢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 st￿idardS 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 t￿￿teeS 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
consti￿tion. 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 I￿￿te¢S are responsible for the maintenan¢e and integriry of the CO￿Orate and finan¢ial inforniation
included on the charitable ¢ompany's website. Legislation 8ovcrning the preparation and disseminptioll of
f￿ancial 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 Tn￿t 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
EXpe￿dItllre 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 eXpendi￿re
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 illco￿e 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
expendi￿re 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 st￿tOry 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
a￿angernellts entered into. An equity instnllnent is ally contract that evid¢n¢¢s a residual inteiest in the assets of
thc charity aftcr d￿ll¢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 pl￿5 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 f￿ndIng 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 expe￿seS
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 f￿l￿g 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