2023-04-05-accounts - Derek Williams Trust

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		Page
Report ofthe Trustees		to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet		10
Notes tothe Financial Statements	11	to	18
Detailed Slstement of Financial Activities	19	to	20

		FOR	THE YEAR ENDED 5APR	IL 2023
				2023		2022
				Unrestricted		Total
				funds		funds
			Notes	6		6
INCOME AND ENDOWMENTS		FROM
Investment income				54		290,919
EXPENDITURE ON
Cost ofgenerating funds				34,305		56,172
Charitable activities
Charitable Activities				8, 64
Total
Net gains on invessnents				3858		398223
NET INCOME				161,385		545,128
Other recognised gains/(losses)
Gainer(losses) on revaluation	offixed assets
Net movement in funds				101,385		545,128
RECONCIUAllON OF FUNDS
Total funds brought forward				13,049,805	12,504,677
TOTAL FUNDS CARRIED FORWARD				35 9	3,	98

THE	DEREK WILLIAMS TRUST
	BALANCE SHEET
	5APRIL 2623
		2023	2022
		Unrestricted	Total
		funds	funds
	Notes		5
FIXEDASSETS
Heritage assets		8,132,845	7,987,662
Investments
Investments		2,054,798	1,372,179
Investment prcpeny		, 00
		12,437,143	11.669.341
CURRENT ASSETS
Stocks	10	4,323	619,323
Debtors	11	33,892	67,474
Cash at bank			5 8
		823,753	1,477,086
CREDITORS
Amounts fsging due within one year	12	(109,706)	(96,622)
NET CURRENT ASSETS		714,047	1,380,464
TOTAL ASSETSLESSCURRENT LIABILITIES		13,151,190	13,049,805
NET ASSETS		, 5	80 98D5
FUNDS	13
Unrestricted funds		51 19D	ID,DI D
TOTAL FUNDS		, 5. 0

INVESTMENT INCO	ME
							2023f	2022f
Rent mceivable							184,210	233,369
Insurance recharged							3,077	2,789
Income from other investments							(249)	12,447
Dividends received							54,002	42,287
Deposit account interest							3,501	27
							244.541	~290 919
COSTOF GENERATING		FUNDS
Investment management		costs					2023 . f	2022f
Porffolio fees							11,295	10,367
Property insurance General management Property expenses Sundries	fees						3,524 10,373 12,000 713	4,828 15,251 20,833 1,219
Bad debts							~3,600	3,674
							34,305	56,172
TRUSTEES' REMUNERATION			AND BENEFITS
There were no trustees'		remuneration		or other	benefits	for the year ended	5April2023 nor for the year ended
5April 2022.
Trustees' expenses
							2023f	2022f
Trustees' expenses							4,950	1,849
COMPARATIVES FOR THE STATEMENT OF RNANCIAL						ACTIVITIES
								Unrestricted
								fundsf
INCOME AND ENDOWMENTS			FROM
Investment income								2999 9
EXPENDITURE ON
Cost ofgenerating funds								56,172
Chaffdable activities
Charitable Activities								79,846
Total								1399 9
Net gains on investments								39,22
NET INCOME								545,128

	INVESTMENT PROPERTY	INVESTMENT PROPERTY	INVESTMENT PROPERTY
	FAIR VALUE At 6 April 2022 Fair value movement					2,309,500 ~60 000
	At 5April	2023				2,249,500
	NET BOOK VALUE At 5 April 2023					~2,249 500
	At 5 April	2022				~2,309500
	Fair value	at5April 2023 is represented		by:		E
	Valuation	in 2019				(90,630)
	Valuation	in 2020				(1,279,500)
	Valuation Cost	in 2023				(60,000) ~3.679630
						2,249.500
10.	STOCKS				2023	2022
						E
	Stocks Assets held forsale				4,323	4,323 615,000
					4,323	619,323
11.	DEBTORS:AMOUNTS		FALLING DUE	WITHIN ONE YEAR	2023	2022
					E	E
	Trade debtors				36,420	63,054
	Bad debt provision Other debtors				(10,163) 7,635	(24,174) 27,831
	VAT					763
					33,892	67,474

					FOR THE YEAR END	FOR THE YEAR END	FOR THE YEAR END	ED 5AP	ED 5AP	RIL 2023
12.	CREDITORS:		AMOUNTS		FALUNG DUE WITHIN ONE			YEAR
											2023	2022
											E	E
	Taxation and social security Other creditors										5,501 104,205	96,622
											109,706	96,622
13.	MOVEMENT	IN FUNDS
										Net	Transfers
										movement	between	At
							At	6.4.22		in funds	funds	5.4.23
								E		E	6
	Unrestricted		funds
	General fund Designated Funds						12,363,131			152,965	145,183	12,661,279 489.911
							3.	36D5				13151,190
	TOTALFUNDS									3 5		13,151,190
	Net movement		in funds,	included			in the above are as follows:
							Incoming			Resources	Gains and	llllovement
							resources			expended	losses	in funds
								E		E	E	E
	Unrestricted funds General fund Designated Funds						244,541			(70,479) ~51 580)	(21,097)	152,965 ~51,580)
							~244		541	~122059	21 097	101,385
	TOTAL FUNDS						~244		541	~122,059	21,097	~101 385
	Comparatlves		for movement			in	funds
										Net	Transfers
										movemenl	between	At
							At	6.4.21		in funds	funds	5.4.22
										E	E	E
	Unrestricted		funds
	General fund Designated Funds						11,932,597 0			605,253 ~60. 25	(174,719) 174,719	12,363,131 686674
							2,50			545 128		13,049,805
	TOTAL FUNDS								677	23	-	3. .6D

MOVENIENT	IN FUNDS - c	IN FUNDS - c	ontinued
Comparative	net movement		N funds,	included	in the above are as follows:
					Incoming	Resources	Gains snd	Movement
					resources	expended	losses	in funds
					5	5	5	E
Unrestricted	funds
General fund Designated Funds					290,919	(75,893)	390,227	605,253 ~60,125)
					~290 919	$1~36,0(8	390,227	545,128
TOTAL FUNDS					~290 919	~136,018	~390 227	545,128
Acurrent year 12months		and prior year 12 months combined position				is as fogows:
						Net	Transfers
						movement	between	At
					At 6.4.21	in funds	funds	5.4.23
							5	5
Unrestricted	funds
General fund Designated Funds					11,932,597 , 80	758,218	(29,536) 29,536	12,661,279 489,911
					2,	646,513		13151190
TOTAL FUNDS					12,504677	646,513		13,151,190

A current ye follows:	ar 12 months and prior	year 12 months combined net	movement in fun	ds, included in t	he above are
		Incoming	Resources	Gains and	Movement
		resources 5	expended 5	losses f	in funds 5
Unrestricted	funds
General fund Designated Funds		535,460	(146,372) ~111,705)	369,130	758,218 jttt,705)
		~535460	~258,077	~369130	646,513
TOTAL FUNDS		~535 460	~258,077)	369,130	646,513

		THE DEREK WILLIAMS TRUST
		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
		FOR THE YEAR ENDED 5 APRIL 2023
			2023	2022
			8	8
INCOME AND ENDOWMENTS
Investment income Rent receivable Insurance recharged income from other investments			184,210 3,077 (249)	233,369 2,789 12.447
Dividends received Deposit account interest			54;002 ~3501	42,287 27
			~244 541	~290919
Total incoming resources			244,541	290,919
EXPENDITURE
Invesbnent management Ponfolio fees Property insurance General management fees Property expenses Sundries Bad debts	costs		11,295 3,524 10,373 12,000 713 ~3600)	10,367 4,828 15,251 20,833 1,219 3,674
			34,305	56,172
Charitable activities
Grants to institutions			51,580	60,125
Supportcosts
Management Trustees' expenses Management fees			4,950 ~3690	1,849 5,195
			8,640	7,044
Finance Bank charges			76	56
Governance costs Auditony remuneration Insurance			8,000 540	7,000 426
Management Fees Legal snd professional			3,533 ~15385	5,195
			~27 458	12,621
Total resources expended			122,059	136,018
Net income before gains	and losses		122,482	154,901
Realised recognised gains and Realised gains)(losses) on fixed Cardied forward		losses asset investments	(31,097) 91,385	181,609 336,510