## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST
## TRUSTEES' REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS
## FOR THE YEAR ENDED 25 MAY 2025
CHARITY COMMISSION FOR ENGLAND AND WALES NUMBER 1022713
## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST FOR THE YEAR ENDED 25 MAY 2025 CONTENTS
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|Page|
|Trustees’|Annual|Report|2-4|
|Independent|Examiner's|Report|5|
|Statement|of Receipts|and|Payments|6|
|Statement|of|Balances|7|
|Notes|to|the Accounts|8|
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## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST FOR THE YEAR ENDED 25 MAY 2025 TRUSTEES ANNUAL REPORT
## Reference and administrative information
## Charity name
Miss Barbara Mary Wilmot Discretionary Trust
## Charity registration number
Charity Commission for England and Wales 1022713
## Contact Address
Apex Corporate Trustees (UK) Limited 4th Floor
140 Aldersgate Street London, EC1A 4HY
## Trustees
## Apex Corporate Trustees (UK) Limited
The directors of the above named corporate body are: S Geddes S P Martin
## Independent examiner
N J Morrison C.A.
Azets Audit Services
5 Whitefriars Crescent Perth PH2 OPA
## Investment advisors
Brown Shipley Investment Management
3 Hardman Street
Manchester M3 3HF
## Bankers:
Royal Bank of Scotland 62/63 Threadneedle Street London EC2R 8LA
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MISS BARBARA MARY WILMOT DISCRETIONARY TRUST FOR THE YEAR ENDED 25 MAY 2025 TRUSTEES ANNUAL REPORT (CONTINUED)
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## Reserves Policy
It is not necessary for the charity to maintain any reserves as the net income generated is to be paid over to the charitable beneficiaries, set out above, and subject to the conditions imposed on each charitable beneficiary, upon completion of the financial statements.
This report was approved by the trustees on Ig Marr 10283 signed on their behalf by:
Authorised Signatory Apex Corporate Trustees (UK) Limited
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## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST FOR THE YEAR ENDED 25 MAY 2025 STATEMENT OF RECEIPTS AND PAYMENTS
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|---|---|---|---|---|---|---|---|---|
|Note|Restricted|Expendable|Total|Total|
|funds|endowment|funds|funds|
|funds|2025|2024|
|£|£|£|£|
|Receipts|
|Dividends|received|41,609|-|41,609|56,770|
|Investments|income|64,514|54,514|46,947|
|Interest|1,953|-|1,953|1,309|
|Sub|Total|98,076|.|98,076|105,026|
|Receipts|from|asset &|investment|
|sales|
|Proceeds|from|sale|of|investments|
|less|amount|reinvested|-|17,645|17,645|130,686|
|Tota!|receipts|98,076|17,645|115,720|235,712|
|Payments|
|Payments made|to|beneficiaries|4|96,450|-|96,450|80,000|
|Governance|costs:|3|
|Trustees|fees|-|45,460|45,460|41,184|
|Independent|examination|fee|-|1,476|1,476|1,410|
|Portfolio|management fee|-|13,155|13,155|12,305|
|Total|payments|96,450|60,091|156,541|134,899|
|Net|receipts|/|(payments)|1,626|(42,446)|(40,821)|100,813|
|Transfers|to|/|(from)|funds|-|-|-|-|
|Surplus/(Deficit) for year|1,626|(42,446)|(40,821)|100,813|
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## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST STATEMENT OF BALANCES
AS AT 25 MAY 2025
|||Restricted|Expendable|Expendable|Total|Total|
|---|---|---|---|---|---|---|
|||funds|endowment||funds|funds|
||||funds||2025|2024|
|||£||£|£|£|
|Cash funds|||||||
|Cash and|bank balances at start ofyear|129,469||91,897|221,366|120,553|
|Surplus/(deficit) shown on receipts and|||||||
|payments|account|1,626||(42,446)|(40,821)|100,813|
|Cashand|bank balances atend ofyear|731,095||49,451|780,545|221,366|
||||||Market|valuation|
||||||2025|2024|
|||Fund towhich|asset|belongs|£|£|
|Investments|||||||
|Brown Shipley Investment Portfolio:|||||||
||Fixed Interest|Expendable endowment|||975,290|1,073,980|
||Equities
Alternatives|Expendableendowment
Expendableendowment|||2,282,348
278,350|2,210,393
245,363|
|Total value ofsecurities|||Total||3,535,988|3,529,736|
||||||2025|2024|
||||||£|£|
|Liabilities|||||||
|Examiner|Fees owed to Azets Audit Services||||1,548|1,476|
|Trustee Fees owed toApex Corporate Trustees (UK) Limited|||||300|300|
||||||1,848|1,776|
Approved by the trustees on itrMorr LUE and signed on their behalf by:
Authorised Signatory Apex Corporate Trustees (UK) Limited
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## MISS BARBARA MARY WILMOT DISCRETIONARY TRUST FOR THE YEAR ENDED 25 MAY 2025 NOTES TO THE ACCOUNTS
1. Basis of accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with $130 of the Charities Act 2011.
## 2. Nature and purpose of funds
Restricted funds are in respect of the income arising from expendable endowment funds which can only be applied for specific purposes in accordance with the charity's deed of trust.
Expendable endowment funds are in respect of the investment portfolio which was donated to the charity with the restriction that the portfolio is to be held as capital. The trustees have the power to distribute the endowment fund, subject to the conditions set out in the charity's deed of trust.
## 3. Trustees remuneration and related party transactions
£45,460 (2024 - £41,184) was charged by Apex Corporate Trustees (UK) Limited for their services for the year ended 25 May 2025. At the year end £300 was outstanding (2024 - £300).
## 4. Payments made to beneficiaries
|Payments made to beneficiaries|||
|---|---|---|
||2025|2024|
||£|£|
|Fight for Sight - Institute ofOphthalmology|40,000|40,000|
|Moorfields Eye Charity|40,000|40,000|
|Roper Hall Eye Foundation|16,450|-|
||96,450|80,000|
5. Investments
## Market Valuation
||2025|2024|
|---|---|---|
|Investments thatindividually make up5% + ofthe portfolio:|£|£|
|AM MSCI US ESG CLZER ETF|318,755|310,079|
|QMM CONT EURO EQGBP DIS|188,931|-|
|QMM US EQUITYGBP DIS|376,621|-|
||884,307|310,079|
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