evelyn PARTNERS The Warwick Trust Charity Registration No. 1020530 Trustees. report and unaudited accounts For the year ended 5 April 2023
TheWarwickTrust LegaLand administrative information Settlor Katrina Ormsby Mccrossan Trustees Katrina Ormsby Mccrossan Archie Douglas David fqccrossan Edward Stanley Mccrossan Evelyn Partners Trust Corporation Limited Date of registration 4 April Ig93 Chartty number 1020530 Principaladdress Flat 3 11 Nottingham Place London WIU SLE Accountants Evelyn Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SPI IBG Bankers HSBC plc 4th Floor 8 Canada Square London E14 5HQ Independent examlnèr Simon Ellingham FCA Fawcetts LLP Windover House 26 St Ann Streot Salisbury Wiltshire SPI 2DR Investment advlsors Evelyn Partners Investment Management LLP 45 Gresham Street London EC2V 7BG
The Wanvick Trust Contents Page Trustees, repori Independent examiner's report statement of financial activities Balance sheet Notes to the accounts 7-11
The Wan1Ck Trust Trustees. report for the year ended 5 ApriL 2023 The trustees present their report and accounts for the year ended 5 April 2023. The accounts have been ppared in accordance with the accounting policies sel out in note I to the accounts and comply with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended PracticÈ applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard appti'cable in the UK and Republic of Ireland I'FRS 102.1 loffective l January 20191. Objects and actlvitles The trust was established for charitable purposes only. The trustees have power to pay or apply income and lif and when they think fit) capital for charitable objects at théir discretion. The trustees have power to accumutate ir)come during the period of 21 years from 4 April 1993. Achievements and performance During thg y@ar the trustees committed to make ten new donations12022.' four) totalling £105,00012022'. £40.0001 to various charitable institutions. There was a donation for £5,000 included in the prior year which remained unpaid and has IhéréforÈ been reversed in the current yèar. reducing the grants payaile figure in this year's accounts to EIOO.000. The trustoes also paid donations totalling £14.000 which were committed to be paid in 2020 and included as donations in the 2020 accounts. See note 2 for further details. Public benefit The Iruslees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's purposes and aims, and when ptanning future activities. In particular how planned activities will contribute to the achievement of thé objectives and aims. The main activity underaken for the public benefit is the making of grants to other registered charities. Future plans Tho trustees intend continLJing to support other registered charities. in line with their grants pO.¢y. Flnancial review Incoming resources amounted to £83.20812022'. £82,565) arising from investment income and donations. Aftor expenditure of £22,136 12022.. £23.5471 on support costs, £100.000 12022.. £40.0001 on donations and losses on investments amounting to £145.333 12022.. gains of E119,6881, there was a decrease in funds of £184,26112022'. increase of £128.7061. Reserves polley The trustees Consider the level of reserves at 5 April 2023 of £2.160,210 to be in line with the charity's reserve policy to hold investments that Mqll produce income adequate to enable the trust to continue making charitable donatlons in the future in accordance with its objects. Grant making policy The trustees will only make grants and donations to organisations as opposed to individuals. The IruslÈÉs consider those causes they wish lo support and make grants in those areas. There is no restriction on the typos of activity they supporl but they generally support UK based activities and organisations. Th do not generally support thoso charities providing overseas aid but will consider in situations of humanitarian conflict ar)d disaster. Investment polley The aim is to produce sufficient resources annually lo maintain the level of grant making, and if possible, enhance the capital value of the funds of the charity. The invoslment manager has discretion to invest within agreed parameters and reports regularly to the trustees, who review the extent to which il has been possible lo achieve the investment objects've.
The Warwick Trust Trustees. report for the year ended 5 ApriL 2023 Related partytransactions During the year Katrina Mccrosson donated shares with a market value of £50,000 12022.. £50.0001 to the charity as shown in note 7. structura, governance and management The Warwick Trust is cor)stituted by Deed of Trust dated 4 Aprll 1993 and is a registered charity No, 1020530, Its address is at Flat 3, 11 Nottingham Place. London, WIU SLE, The charity trus$ who served during the year were.. Katrina Ormsby Mccrossan Archie Douglas David Mccrossan Edward Stanley Mccrossan Evelyn Partners Trust Corwratior) Limited The charity is administered by the trustees who were appointed by the settlor. The charity's principal assets are in quoted investments as shown in the notes to the accounts. Investment managers Evelyn Partners Investment Managemenl LLP. 45 Gresham Street, London. EC2Y 78G Banker HSBC plc. 4th Floor. 8 Canada Square, London, E14 5HQ Independent examinar Simon Ellingham FCA. Fawcetts LLP. Windover House, 26 St Ann Street, Salisbury. Wiltshire, SPI 2DR
Thewarwick Trust Trustees. report for the year ended 5 ApriL 2023 Trustees. Yesponsibilities The trustees are responsible for preparing the Trustees, report and the accounts in accordance with applicable law ar)d United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to chaHties in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the slate of affairs of the charity and of the income and expendilure of the charity for that year. In preparing the accounts. the trustees are required to.. select suitable accounting policies and then apply them consistently,, observe the methods and principles in Accounting and Roporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accoidance with the Financial Reporting Standard applicablé to the United Kingdom and Republic of Ireland IFRS 1021., makejudgements and esh'mates that are reasonable and prudenL' slate whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the accounts.. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in oporation. The trustees are responsible for keeping proper accounting records whlch disclose with reasonable accLJracy at any lime the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011, the relevant Charily (Accounts and Reports) Regulations and the provisions of the charilvs governing document. They 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. On behalf of the board of tru%t*s for and on behal Trustee of Evelyn PartnersTrust Corporatlon Llmlted Date.. $1llknL3,
TheWanvickTrust Independent examlner's report to the trustees of The Wanvick Trust I report to the trustees on my examination of the accounts of The Wapwick Trust for the year ended 5 April 2023 which comprise the stalemenl of financial activities. the balance sheet and the notes to the accounts, including a sumrnary of significant accounting policies. Respe¢tlve re5ponslbllltes of trustees and examiner and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Acl'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examlner's statement I have completed my examinatlom. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the trust as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. ihe accounts do not comply with the applicable requirements concerning the form and content of accounts set oul in the Charities IAccounts 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 connecllon wSth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, Slmon Elllngham FCA Fawcetls LLP Chartered Accountants Windover House 26 St Ann Street Salisbury Wiltshire SPI 2DR Date.. 7 September 2023
The WanvickTrust statement of financlal activities for the year ended 5 April 2023 2023 2022 Note Incoma Investment income and interest receivable Donations receivable 33,208 50,000 32,565 50.000 Total incomè 83,208 82,565 Expenditure Costs of ralslng funds Investment managemènt fe@s Expendlture on charltabie activities Grant5 payable Support COSts 11,294 12.943 loo,000 10,842 40,000 10,604 Totalexpendlture 122,136 63.547 Net Ideficltl/surplus before gains and losses on investments 138,9281 19,018 ILossesl/gains on investments 1145,333) 119,688 Net movement in funds 1184,261) 138.706 Fund batances at 6 Aprll 2022 2,344,471 2.205.765 Fund balances at S April 2023 2,160.210 2.344.471 All funds were unrestricted in the current and preceding year. The notes om pages 7 to 11 form a parl of these accounts.
The Warwick Trust Balance sheet as at S April2023 2023 2022 Note Flxed assets Investments 2,167,627 2,254,574 Current assets Cash at bank and in hand 48,433 129,705 48,433 129.705 Creditors.. amounts falung due wlthln one year (45.850> 125,8081 Net current assets 2,583 103.897 Totalassets less current ilabllltles 2,170.210 2,358,4n Credltors: amounts fallln9 due after more than one year iio,000) 114.0001 Net assets 2.160,210 2,344.4n Income funds Unregtricted funds 2.160.210 2,344,471 2,160,210 2.344,471 The accounts were approved by the Trustees and authorised for issue by.. for and on behalf o Trustee velyn Partners TNst Corporation Llmlted Date.. l3 The notes on pages 7 to 11 form a part of these accounts.
TheWanvickTrust Notes to the accounts for the year ended 5 April 2023 Accounting policles The Warwick Trust is an unincorporated trusl, constituted under a charitable trust deed on 4 April 1993. It is registered with the Charily Commission in England & Wales (No. 10205301. The address of the principaloffice is Flat 3, 11 Nottingham Ptace. London. XVIU SLE. 1.1 Basis of preparation The accounts have been prepared under the historical cost convention with the exceplion of listed investments which are included at market value at the batance sht date. The accounts have been prepared im accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland I'FRS 102.1 and with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh FRS 102 issued in 2019. The accounts are also prepared in accordance with the Charities Act 20ll. The charity is a public benefit entity as defined by FRS 102, The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instruments are recognised at transaction value. The accounts are prepared on a going concern basis.. there are no material uncertainties about the charity s ability to continue as a going Concern. 1.2 Income All income resources are included in the statement of financial activities when the trust is legatiy entitled to the income and Ihe amount can be quantified with reasonable accuracy. L3 Expenditure All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. kvhere costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources. 1.4 Investments Listed investments are slated at market value at the balance sheet date. Realised gains and losses on investments, calcutated on the difference between the sale proceeds and their costs, are credited or charged to thè statement of financial activities in the year of gains or losses. Unrealised gains and losses representing the movement in Ihe market values during the year are credited or charged to thè statement of financial activities in the year of gains or losses 1.5 Fund accountlng The funds held are unrestricted funds which aré available for Ljsé at the discretion of the trustees in furtheran of the general objectives of the trust and which have not been designated for other purposes.
The Warwick Trust Notes to the accounts for the year ended 5 April 2023 Investment In¢ome 2023 2022 Income from listed investments Deposit interest 32,986 222 32,565 33,208 32.565
The Warwick Trust Notes to the accounts for the year ended 5 April 2023 Grants to instltutions 2023 2022 The Felix Project Actionaid - DEC Turkey-syria Earthquake Appeal In Kind Direct London's AirAmbuiance NIted The Magic Oreakfasl The Marylebono Project Buttle UK Foodbank Hammersley Homes Association of Ukrainians iri Great Britain Actionaid - DEC Ukraine Humanitarian Appeal Association for Legal Intervention International ftescue Committee Surfers Against Sewage 30,000 15,000 10,000 10,000 10,000 10,000 5,000 5,000 5,000 5,000 25,000 5,000 5,000 5,000 15,0001 loo,000 40,000 Re¢onclllatlon of grants payable 2023 2022 Commitments Charged to the Statement of f nancial activities in the year Grants paid during the year Commitments at 6 April 2022 loo,000 184,0001 33,000 40,000 149,0001 42,000 Cornmitments at 5 Apri12023 49,000 33,000 Commitments at 5 April 2023 are payable as follows,, Within l year After more than l year 39,000 10,000 Ig,000 14,000 49,000 33,000 Grants included in the 2020 accounts payable to Foodcycle, The Brain Tumour Charity and The Hardman Trust were all due to be paid in equal instalments over 5 years. £14,000 was paid in total to these charities this year with the final amount due to be paid next year. Tho donation to Association for Legal Intervention - a commitment made in the 2022 accounts - remained unpaid at the year end and has been reversed during thè year. During the year, the trustees committed lo pay £30.000 in total to The Felix Project, payable in three equal instalments with the first amount being paid during thè year.
The Warwick Trust Notes to the accounts for the year ended 5 April 2023 Support costs 2023 2022 Accountancy fees Independent examiner's fees Bank charges 9.822 960 60 9,678 906 20 10,842 10.604 All support costs are considered to be costs of governance. Trustees None of the trustees lor any persons connected with them) received any remuneration or were reimbursed for any expenses during the year12022.' £nill. Employees There were no employees during the year12022'. none). -io-
The Warwick Trust Notes to the accounts for the year ended 5 Apyil 2023 Fixed asset invèstments 2023 2022 Market value al 6 April 2022 Disposal proceeds Additions at Cost Donated shares at valuation Change in value in the year 2,254,574 1173,808) 182,194 50,000 1145,333) 2,191,194 1391,0441 284.736 50,000 119.688 Market value at S Aprll 2023 2,167,627 2,254,574 Book cost at 5 April 2023 1,545,097 1,505,830 Analysls of Investments £ Index linked Bonds other Index Linked Aternative investments Multi assel Properly United Kingdom North America Europe Fai East Rest of the world 89,704 152,132 23.604 203,218 965.798 118,667 215,291 200,333 80,622 45,367 149,542 259,993 964,223 85,933 343,456 169,430 84,769 41,869 128,250 2,167,627 2.254.574 Credltors: amounts failing duevjithin one year 2023 2022 Grar)ts payable Isee note 31 Accountancy fees Independent examiner's fees Investment management fees 39,000 3,180 960 2,710 Ig.000 2.838 906 3,064 45,850 25,808 Credltors falling due aftor more than one year 2023 2022 Grants payable Isee note 31 10.000 14.000 10 Related partytransactions During the year Katrina Mccrossan donated sharos with a market value of £50.000 12022.. £50,000) to the charity as shown in note 7.