## |||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| ## ## ## ## ||| |---|---| |TOTAL FUNDS CARRIED FORWARD|5| |HERITAGE ASSETS|| ||Total| ||5| |DEEMED COST|| |At 6 April 2022
Additions|7,987,662
145,183| |At 5April 2023|8,132,845| |NET BOOK VALUE|| |At 5 Apriil 2023|~8132,845| |At 5April 2022|~7987,662| |FIXED ASSET INVESTM|ENTS|| |---|---|---| |||Listed| |||investments| |||5| |MARKET VALUE||| |At 6April 2022
Additions||1,372,179
1,030,129| |Dieposals
Revaluations||(316,413)
~31,097| |At 5April 2023||~2,054798| |NET BOOK VALUE||| |At 5April 2023||2,054,798| |At 5 April 2022||~1372 179| |There were no inveslment|assets outside the UK.|| ## ## ||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| ##