Charity registration number: 1014066
The Miss W E Lawrence 1973 Charitable Settlement
Annual Report and Financial Statements
for the Year Ended 5 April 2024
The Miss W E Lawrence 1973 Charitable Settlement
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 25 |
The Miss W E Lawrence 1973 Charitable Settlement
Reference and Administrative Details
Trustees Mr J Bastable Mr J Dickins Mr W D Forde Charity Registration Number 1014066 Principal Office 5700 Oxford Business Park South Oxford Oxon OX4 2RW Independent Examiner Buzzard's Accountancy Limited 95 Sinclair Avenue Banbury Oxon OX16 1BQ Solicitors Freeths LLP 5700 Oxford Business Park South Oxford Oxon OX4 2RW Bankers Cater Allen PO Box 12665 Harlow CM20 9QP Agents Carter Jonas 51 Northbrook Street Newbury Berkshire RG14 1DT Investment Advisors Evelyn Partners 45 Gresham Street London EX2V 7BG
Page 1
The Miss W E Lawrence 1973 Charitable Settlement
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2024.
The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in October 2019.
Objectives and activities
Policies and objectives
The charity is organised generally to provide assistance for local charities operating in Kintbury where the late Miss Lawrence, the settlor, lived. The objects of the charity are wide and owing to the inability to expend capital from its principal capital fund, it continues to be the trustees’ policy to utilise their income in support mainly of local charities, but also certain national charities some of which the late Miss Lawrence supported in her lifetime. All trustees have a local presence in Kintbury enabling them to monitor local charitable need.
Activities undertaken to achieve objectives
The trustees’ strategy to invest in companies that provide a steady history of growing profits has assisted with the increase in income, particularly growing dividends and the rise in interest rates.
The total income for the current year was £154,454 (2023: £151,376). The Trustees made grants totalling £162,462 (2023: £113,908).
The Trustees have allocated a fund to provide grants to assist young people from the Kintbury area with the costs of tertiary education and training and applications have been sought from and grants paid to young people.
The Trustees continue to keep under review the application of income in accordance with the objects of the charity.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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The Miss W E Lawrence 1973 Charitable Settlement
Trustees' Report (continued)
The Trust fulfils its obligation by:-
-
Providing funds to finance educational grants to individuals of limited means resident in the Kintbury area
-
Providing grants to organisations providing recreational activities and social support for the residents of Kintbury
-
Providing grants to national registered charities supporting medical research, counselling and support services for children and others incapacitated through age, accident, injury, physical or mental illness
-
Providing grants to the above mentioned causes having an income from all sources of less that £2 million per annum
Grant making policies
The Trustees meet half yearly to consider the grants they will make and to review any feedback they have received. Most of the grants are made in April of each year.
Nominations for grants are made by formal and informal means via the Good Exchange platform or by a standard application form.
The Trustees encourage feedback on actual use of the funds. The Trustees whenever possible attend functions to which they are invited by the charitable organisations they support and report on what they learn from attending the functions.
The Trust has a legal clerk who handles the day to day correspondence relating to grants. The clerk is an executive at the firm of Freeths LLP and the firm also offers legal advice to the charity.
Achievements and performance
Review of activities
During the year the Trust has been able to continue its support of local charities in Kintbury and it has also made donations to larger national charities sometimes with conditions limiting the use of those donations to the local area.
The Trustees have supported the local community by making donations to Kintbury Bowling Club, Kintbury WI and Kintbury St Mary’s C of E Primary School. They have also provided financial assistance with the cost of tertiary education for a young person who may otherwise not have been able to undertake further education.
The Trust has also made significant grants to charitable organisations supporting individuals disadvantaged by illness and medical disability including Disabled Sailors Association, Friends of Young Carers, Parenting Special Children, Helping Disabilities Trust, and Centre for Movement Disorders.
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The Miss W E Lawrence 1973 Charitable Settlement
Trustees' Report (continued)
Investment policy and performance
The trustees restated their investment strategy as being to protect the capital value of the trust fund against inflation and maintain a balance between capital protection and income performance. The trustees have accepted a moderate amount of risk through their investment in the property collectives which they have purchased to increase the income yield.
The Trustees continue to review their investment strategy.
The Trust employs Evelyn Partners as its investment advisor and manager.
Financial review
Reserves policy
The Trustees are not permitted to spend the capital from the Trust for a period of eighty years. Following the sale of the land in Kintbury the investment of the sale proceeds has generated a significant increase in the income which has enabled the Trustees to make increased grants and donations.
The adequacy of the reserves policy is reviewed annually and when appropriate income reserves are used to support the trustees grant making policy.
Plans for future periods
The Trustees intend to continue to provide grants in a similar way to the current year. They will consider other proposals for applying the income for the benefit of the objects of the charity. They will give preference to the charitable organisations which Miss Lawrence supported during her lifetime.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr J Bastable Mr J Dickins Mr R W Henman (resigned 2 October 2023) Mr W D Forde (appointed 2 October 2023)
Page 4
The Miss W E Lawrence 1973 Charitable Settlement
Trustees' Report (continued)
Structure, governance and management
Constitution
The charity's governing document is a Settlement dated 13 September 1973. The charity was set up by Miss Lawrence to benefit national charities and organisations.
The settlement gives the Trustees power for a period of eighty years to apply the income from the Trust Fund to such charitable objects, associations and organisations and in such shares and proportions and in such manner in all respects as the Trustees in their absolute discretion think fit.
Recruitment and appointment of trustees
The Trustees are jointly responsible for the induction of any new trustee. The induction includes awareness of trustee's responsibilities, consideration of the governing documents, administrative procedures, the history and philosophy of the charity.
Organisational structure
The Trust continues to have three Trustees. All Trustees give of their time freely and no Trustees remuneration was paid in the year.
Risk managerment
The Trustees regularly review the risks that the charity faces. To date, these have been restricted to the risks associated with owning land, the need to maintain an adequate level of income from which to make distributions and also the risk of fraud by professional advisors. The third risk is something which the Trustees experienced directly many years ago and there are provisions in place to give added protection.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Page 5
The Miss W E Lawrence 1973 Charitable Settlement
Trustees' Report (continued)
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 15 January 2025 and signed on its behalf by:
Mr J Dickins Trustee
Page 6
The Miss W E Lawrence 1973 Charitable Settlement
Independent Examiner's Report to the trustees of The Miss W E Lawrence 1973 Charitable Settlement
I report to the trustees on my examination of the accounts of The Miss W E Lawrence 1973 Charitable Settlement for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity trustees of The Miss W E Lawrence 1973 Charitable Settlement you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Miss W E Lawrence 1973 Charitable Settlement's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of The Miss W E Lawrence 1973 Charitable Settlement as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other 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 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 be reached.
Valerie Buzzard, FCCA Buzzard's Accountancy Limited
95 Sinclair Avenue Banbury Oxon OX16 1BQ
21 January 2025
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The Miss W E Lawrence 1973 Charitable Settlement
Statement of Financial Activities for the Year Ended 5 April 2024
| Note Income and Endowments from: Investment income 2 Total income Expenditure on: Raising funds 3 Charitable activities 4 Total expenditure Gains/losses on investment assets Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
Unrestricted funds £ 154,454 154,454 (544) (182,951) (183,495) 3,944 (25,097) (25,097) 106,060 80,963 |
Endowment funds £ - - (23,046) - (23,046) 14,915 (8,131) (8,131) 4,214,540 4,206,409 |
Total 2024 £ 154,454 154,454 (23,590) (182,951) (206,541) 18,859 (33,228) (33,228) 4,320,600 4,287,372 |
Unrestricted funds £ 151,201 151,201 (379) (135,102) (135,481) (2,745) 12,975 12,975 93,085 106,060 |
Endowment funds £ 175 175 (23,728) - (23,728) (305,878) (329,431) (329,431) 4,543,971 4,214,540 |
Total 2023 £ 151,376 |
|---|---|---|---|---|---|---|
| 151,376 | ||||||
| (24,107) (135,102) |
||||||
| (159,209) (308,623) |
||||||
| (316,456) | ||||||
| (316,456) 4,637,056 |
||||||
| 4,320,600 |
The notes on pages 10 to 25 form an integral part of these financial statements. Page 8
The Miss W E Lawrence 1973 Charitable Settlement
(Registration number: 1014066) Balance Sheet as at 5 April 2024
| Note Fixed assets Investments 11 Current assets Cash at bank and in hand Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Endowment funds Unrestricted income funds Unrestricted funds Total funds 13 |
2024 £ 4,062,254 238,287 (13,169) 225,118 4,287,372 4,206,409 80,963 4,287,372 |
2023 £ 4,135,570 197,879 (12,849) |
|---|---|---|
| 185,030 | ||
| 4,320,600 | ||
| 4,214,540 106,060 |
||
| 4,320,600 |
The financial statements on pages 8 to 25 were approved by the trustees, and authorised for issue on 15 January 2025 and signed on their behalf by:
Mr J Dickins Trustee
The notes on pages 10 to 25 form an integral part of these financial statements. Page 9
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities:Statements of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Basis of preparation
The Miss W E Lawrence 1973 Charitable Settlement meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity has taken advantage of the provisions of the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a statement of Cash Flows in these financial statements.
Income and endowments
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Page 10
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Other income
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.
All expenditure is inclusive of irrecoverable VAT.
Raising funds
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Charitable activities
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs
Grant provisions
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Support costs
Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Investment properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the trustees. The trustees use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Statement of Financial Activities.
Page 11
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amountof the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Endowment funds represent the capital of the Trust which the Trustees are not permitted to spend for a period of eighty years. Income received from the endowment fund is classed as unrestricted. Investment management fees are paid out of the endowment fund.
Page 12
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2 Investment income
| Interest receivable Dividends receivable Rent receivable Interest receivable Dividends receivable Rent receivable |
Unrestricted funds General £ 16,833 136,333 1,288 154,454 Unrestricted funds General £ 12,518 137,675 1,008 151,201 |
Endowment funds Permanent £ - - - - Endowment funds Permanent £ - 175 - 175 |
Total 2024 £ 16,833 136,333 1,288 |
|---|---|---|---|
| 154,454 | |||
| Total 2023 £ 12,518 137,850 1,008 |
|||
| 151,376 |
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The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
3 Expenditure on raising funds
a) Investment management costs
| Portfolio management costs Portfolio management costs |
Unrestricted funds General £ 544 544 Unrestricted funds General £ 379 379 |
Endowment funds Permanent £ 23,046 23,046 Endowment funds Permanent £ 23,728 23,728 |
Total 2024 £ 23,590 |
|---|---|---|---|
| 23,590 | |||
| Total 2023 £ 24,107 |
|||
| 24,107 |
4 Expenditure on charitable activities
| Note Grant funding of activities 6 Allocated support costs 5 Governance costs 5 Note Grant funding of activities 6 Allocated support costs 5 Governance costs 5 |
Unrestricted funds General £ 162,462 1,277 19,212 182,951 Unrestricted funds General £ 113,908 1,274 19,920 135,102 |
Total 2024 £ 162,462 1,277 19,212 |
|---|---|---|
| 182,951 | ||
| Total 2023 £ 113,908 1,274 19,920 |
||
| 135,102 |
Page 14
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
5 Analysis of governance and support costs
Support costs allocated to charitable activities
| Support costs allocated to charitable activities | ||
|---|---|---|
| Insurance Computer software and maintenance costs Bank charges Governance costs Legal fees Independent Examiner’s remuneration Legal fees Independent Examiner’s remuneration |
Total 2024 £ 1,116 158 3 1,277 Unrestricted funds General £ 15,840 3,372 19,212 Unrestricted funds General £ 16,620 3,300 19,920 |
Total 2023 £ 1,116 158 - 1,274 Total 2024 £ 15,840 3,372 |
| 19,212 | ||
| Total 2023 £ 16,620 3,300 |
||
| 19,920 |
Page 15
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
6 Grant-making
| Analysis of grants Analysis Charitable donations |
Grants to institutions 2024 £ 2023 £ 160,993 112,009 |
Grants to individuals 2024 £ 2023 £ 1,469 1,899 |
|---|---|---|
Below are details of material grants made to institutions.
Page 16
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| 2024 | 2023 | |
|---|---|---|
| Name of institution | £ | £ |
| 1st Inkpen & Kintbury Scout Group | - | 3,000 |
| 1st Newbury Scout Group | 1,582 | - |
| 1st Whitchurch Scouts | 1,000 | - |
| Age Concern Hampshire | 1,500 | - |
| Arts for Hungerford | - | 1,000 |
| Barlow's Park Management Association | 1,500 | - |
| Berkshire Cricket Community Foundation | 1,000 | - |
| Berkshire Maestros | 2,000 | - |
| Berkshire MS Therapy Centre | - | 1,025 |
| Berkshire Vision | 1,500 | 840 |
| Berkshire Youth | - | 1,500 |
| Bishops Green Community Association | 2,500 | 2,000 |
| Bradfield Village Hall ClO | 1,000 | - |
| Brightwalton PCC | - | 1,500 |
| British Disabled Angling Association (BDAA) | 1,000 | 1,000 |
| British Polio Fellowship | 2,000 | - |
| Calibre Audio | - | 1,250 |
| Centre for Movement Disorders | 1,500 | - |
| Child Autism UK | 1,246 | - |
| Citizens Advice West Berkshire | 2,000 | 1,500 |
| City Arts Newbury | 1,000 | - |
| Clean Slate | - | 500 |
| Combe Community Cinema | 1,250 | - |
| Combe Community Hub | - | 1,000 |
| Community Safety Education CIC | 1,100 | - |
| Community Youth Project | 2,500 | 2,000 |
| Corn Exchange | - | 1,560 |
| Creative Communities West Berkshire LLP | - | 1,000 |
| Daisy's Dream | - | 1,500 |
| Dingley's Promise (Dingley Family and Specialist Early Years | ||
| Centres) | 1,000 | - |
| Disabled Sailors Association | 1,000 | 1,000 |
| Douglas Bader Foundation | 1,500 | 1,000 |
| Downland Volunteer Group | 1,500 | - |
| Education Business Partnership West Berkshire | 2,000 | - |
| Eight Bells for Mental Health | 3,000 | 1,000 |
Page 17
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| Fair Close Centre (Age Concern, Newbury & District) | 2,875 | 2,000 |
|---|---|---|
| Family Holiday Charity | 1,200 | - |
| Farmability | - | 1,000 |
| Friends of Kingsclere School (FKS) | 1,000 | - |
| Friends of Wash Common Library | 1,500 | 1,000 |
| Friends of Young Carers (West Berks) | 2,000 | - |
| Gladstone Memorial Recreation Ground Trust | 2,500 | - |
| Go Beyond Charity | 1,500 | - |
| Good Hope Farm | 2,000 | - |
| Green Machine Tech Hub CIC | 1,000 | - |
| Greener Greenham Group | - | 303 |
| Hampshire Cultural Trust | - | 1,000 |
| Heads2gether | 3,000 | - |
| Helen Arkell Dyslexia Society | - | 1,500 |
| Helping Disabilities Trust | 1,500 | - |
| Home Start Oxford | 1,500 | - |
| Home-Start North West Hampshire | 1,500 | - |
| Home-Start West Berkshire | 1,500 | 1,000 |
| Hope Housing Bournemouth | - | 1,000 |
| Housing Matters | 1,200 | - |
| Hungerford and Camburn | - | 2,000 |
| Hungerford Library & Community Trust | 2,000 | 1,000 |
| Hungerford Memory Singers | 700 | - |
| Hungerford Town and Manor | - | 3,500 |
| Hungerford Rugby Football Club | 1,500 | 2,000 |
| Hungerford Youth and Community | 2,500 | 2,000 |
| Inkpen History Group (Inkpen Parish Council) | 2,800 | - |
| Inkspots | - | 1,500 |
| Interakt Community | 1,000 | - |
| John O'Gaunt School Parent Staff Association | 2,347 | - |
| Kids Space | 1,500 | - |
| Kingsclere Community Association | 1,500 | - |
| Kintbury Autumn Club Hungerford & Camburn Education | 2,000 | 1,800 |
| Kintbury PCC | 1,500 | 1,500 |
| Kintbury Preschool | 9,929 | - |
| Kintbury Rangers FC | 1,500 | - |
| Kintbury St Mary's CE Primary School | 4,372 | - |
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The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| Lambourn Sports Club | 1,500 | - |
|---|---|---|
| Life Education Wessex & Thames Valley | 2,000 | 1,000 |
| Living Paintings Trust | 1,500 | - |
| London Wheelchair Rugby Club | 1,500 | 1,000 |
| Loose Ends Newbury | - | 2,000 |
| Lucy Air Ambulance | - | 1,000 |
| Me2 Club | - | 1,000 |
| Mobility Trust | 2,000 | - |
| Newbury and District Agricultural Society | 1,500 | - |
| Newbury Soup Kitchen | 3,354 | 2,000 |
| Newbury Spring Festival | 2,000 | 2,000 |
| Newbury YMCA | - | 1,500 |
| Nuneham Courteney Sports Field | - | 1,000 |
| Opus 2 choir | 1,000 | - |
| Over The Wall | 1,500 | 1,000 |
| Oxford Against Cutting (Sundial Centre for Education on Harmful | ||
| Practices) | 1,500 | - |
| Oxfordshire Discovery College | 1,500 | - |
| Oxfordshire Play Association | - | 1,000 |
| Oxrads | - | 1,000 |
| PALS (West Berkshire) | - | 1,500 |
| Pamber Heath Memorial Hall | 1,000 | - |
| Parenting Special Children | 1,500 | 1,461 |
| Parents And Children Together | 1,500 | - |
| Pavers Charitable Foundation | 3,000 | - |
| Plant Your Future | 3,000 | 2,000 |
| Recovery In Mind | 1,500 | 1,500 |
| Resolve Now | 1,500 | - |
| Sebastian's Action Trust | 1,500 | 1,000 |
| Second Chance - A Charity For Children Who Need Special Help | 1,000 | - |
| Seed Sowing Network | - | 1,000 |
| Seesaw | - | 2,000 |
| Sport in Mind | - | 1,000 |
| St Mary's Church Shaw cum Donnington | - | 1,000 |
| St Mary's School | - | 632 |
| Step by Step London | 1,500 | - |
| Swings & Smiles | - | 2,000 |
| Tadley & District Citizens Advice Bureau | - | 1,500 |
Page 19
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| Tadley & District Community Association Thatcham Medical Practice Patient Participation Group Thatcham Memorial Foundation Thatcham Town Football Club Thatcham Youth The Almshouses of John Isbury & Jacob Hardrett The Cowshed The Downs School Trust The Harbour The Porch The Shoal of Friends The Tuesday Burchett Club Theale C of E Primary School PTA Time to Talk West Berkshire Ukraine APPEAL Volunteer Centre West Berkshire Watermill Theatre West Berkshire Homeless (Newbury Area) West Berkshire Mencap West Berkshire Therapy Centre Woodstock Scouts and Guides Yellow Submarine Younger People with Dementia (Berkshire) Young People and Children First (YPACF) |
1,500 538 1,500 1,500 - 1,000 2,000 1,500 - 1,500 - 2,000 1,500 2,000 - 1,500 3,000 - - 1,500 1,000 1,500 - - 160,993 |
1,500 - - 1,500 916 - - - 1,000 1,250 672 2,000 - - 10,000 - 2,500 2,000 1,000 2,000 1,000 - 1,800 1,500 |
|---|---|---|
| 112,009 |
Page 20
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
7 Net incoming/outgoing resources
Net outgoing resources for the year include:
| (Loss)/profit on disposal of investments - unrestricted (Loss)/profit on disposal of investments - endowment Unrealised gains/(losses) on investments - unrestricted Unrealised gains/(losses) on investments - endowment |
2024 £ 536 70,857 3,408 (55,942) |
2023 £ 495 87,045 (3,240) (392,923) |
|---|---|---|
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
9 Independent examiner's remuneration
| Independent examination of the Charity's annual accounts All other services |
2024 £ 1,686 1,686 3,372 |
2023 £ 1,650 1,650 |
|---|---|---|
| 3,300 |
Page 21
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Fixed asset investments
Investment properties
| Cost or Valuation At 6 April 2023 Revaluation At 5 April 2024 Provision At 5 April 2024 Net book value At 5 April 2024 At 5 April 2023 |
Investment properties £ 198,200 1,800 |
|---|---|
| 200,000 - |
|
| 200,000 | |
| 198,200 |
There has been no valuation of investment property by an independent valuer.
After due consideration of the trustees intentions with the land it was reclassified from tangible fixed assets to investment properties in the year to 5 April 2023. One piece of land was being held at deemed cost of £75,000 using a valuation by Dreweatt Neate Chartered Surveyors on 11 June 2008.
The fair value of the land has been arrived at on the basis of a valuation carried out on 5 April 2024 by the trustees. The valuation has been made on an open market value basis by reference to market evidence of transaction prices for similar land.
Page 22
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| Cost or Valuation At 6 April 2023 Revaluation Additions Disposals At 5 April 2024 Net book value At 5 April 2024 At 5 April 2023 12 Creditors: amounts falling due within one year Accruals |
Listed investments £ 3,357,124 (18,758) 331,569 (352,349) 3,317,586 3,317,586 3,357,124 |
Unlisted investments £ 580,246 (35,578) - - 544,668 544,668 580,246 2024 £ 13,169 |
Total £ 3,937,370 (54,336) 331,569 (352,349) |
|---|---|---|---|
| 3,862,254 | |||
| 3,862,254 | |||
| 3,937,370 | |||
| 2023 £ 12,849 |
Page 23
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
13 Funds
| Unrestricted funds General Endowment funds Permanent Total funds Unrestricted funds General Endowment funds Permanent Total funds |
Balance at 6 April 2023 £ 106,060 4,214,540 4,320,600 Balance at 6 April 2022 £ 93,085 4,543,971 4,637,056 |
Incoming resources £ 154,454 1,800 156,254 Incoming resources £ 151,201 175 151,376 |
Resources expended £ Other recognised gains/(losses) £ (183,495) 3,944 (23,046) 13,115 (206,541) 17,059 Resources expended £ Other recognised gains/(losses) £ (135,481) (2,745) (23,728) (305,878) (159,209) (308,623) |
Balance at 5 April 2024 £ 80,963 4,206,409 |
|---|---|---|---|---|
| 4,287,372 | ||||
| Balance at 5 April 2023 £ 106,060 4,214,540 |
||||
| 4,320,600 |
Page 24
The Miss W E Lawrence 1973 Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
14 Analysis of net assets between funds
| Fixed asset investments Current assets Current liabilities Total net assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ 58,859 29,461 (7,357) 80,963 Unrestricted funds General £ 61,317 51,737 (6,994) 106,060 |
Endowment funds Permanent £ 4,003,395 208,826 (5,812) 4,206,409 Endowment funds Permanent £ 4,074,253 146,142 (5,855) 4,214,540 |
Total funds at 5 April 2024 £ 4,062,254 238,287 (13,169) |
|---|---|---|---|
| 4,287,372 | |||
| Total funds at 5 April 2023 £ 4,135,570 197,879 (12,849) |
|||
| 4,320,600 |
15 Related party transactions
There were no related party transactions in the year.
Page 25