| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent auditor's |
report to the trustees of The David Wilson | |
| Foundation | ||
| Statement of financial |
activities | |
| Balance sheet | 10 | |
| Notes to the financial statements |
| Reference | and administrative | and administrative | details | ||||
|---|---|---|---|---|---|---|---|
| Registered | charity | name | The David Wilson | Foundation | |||
| Charity registration | number | 1049047 | |||||
| Principal office | Fishers Solicitors | ||||||
| Unit R, Ivanhoe Business Park | |||||||
| Smisby Road | |||||||
| Ashby de la Zouch | |||||||
| Leicestershire | |||||||
| LE652AB | |||||||
| The trustees | |||||||
| MrJ D Wilson | |||||||
| Mrs L I Wilson | |||||||
| Mr R W H Wilson | |||||||
| Ms SEWilson | |||||||
| Mr R EC Wilson | |||||||
| Mr C V McLeod | |||||||
| MrJ A Gillions | (Retired 10October 2023) | ||||||
| Mr T G Birtwistle | (Retired 5June 2023) | ||||||
| Auditor | Johnson Murkett |
& Hurst | |||||
| Chartered Accountants |
&statutory | auditor | |||||
| Rawdon House |
|||||||
| Rawdon Terrace | |||||||
| Ashby de la Zouch | |||||||
| Leicestershire | |||||||
| LE65 2GN | |||||||
| Bankers | Lloyds Bank Private Banking | Limited | |||||
| 125Colmore Row | |||||||
| Birmingham | |||||||
| B33SD | |||||||
| Solicitors | Fishers | ||||||
| Unit R | |||||||
| Ivanhoe Business | Park | ||||||
| Smisby Road | |||||||
| Ashby de la Zouch | |||||||
| Leicestera hire | |||||||
| LE652AB |
| Year ende | d 5 April | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | 2 | 2 | 2 | ||||
| Income and endowments | |||||||
| Investment income |
4 | 272,101 | 272,101 | 233,227 | |||
| Total income | 272,101 | 272,101 | 233,227 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | (48,654) | (48,654) | (56,708) | ||
| Expenditure on charitable |
activities | 6,7 | (271,097) | (271,097) | (143,840) | ||
| Total expenditure | (319,751) | (319,751) | (200,548) | ||||
| Net (losses)/gains | on investments | 10 | (923,807) | (923,807) | 79,012 | ||
| Net (expenditure)/income | and net movement | in funds | (971,457) | (971,457) | 111,691 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 10,606,904 | 10,606,904 | 10,495,213 | |||
| Total funds carried forward | 9,635,447 | 9,635,447 | 10,606,904 |
| 5 | April 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Investments | 14 | 8,979,276 | 10,005,792 | |||||
| Current assets | ||||||||
| Debtors | 15 | 35,353 | 32,407 | |||||
| Cash at bank | and in hand | 933,562 | 805,021 | |||||
| 968,915 | 837,428 | |||||||
| Creditors: amounts | falling | due | ||||||
| within one year | 16 | (312,744) | (236,316) | |||||
| Net current assets | 656,171 | 601,112 | ||||||
| Total assets | less current | liabilities | 9,635,447 | 10,606,904 | ||||
| Net assets | 9,635,447 | 10,606,904 | ||||||
| Funds ofthe charity | ||||||||
| Unrestricted | funds | 9,635,447 | 10,606,904 | |||||
| Total charity | funds | 17 | 9,635,447 | 10,606,904 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| 2 | |||||
| Dividends | received | 253,472 | 253,472 | 232,806 | 232,806 |
| Bank interest receivable | 18,629 | 18,629 | 421 | 421 | |
| 272,101 | 272,101 | 233,227 | 233,227 |
| Investme | nt management cos |
ts | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
| Funds | 2023 | Funds | 2022 | ||||
| 9 | 2 | ||||||
| Portfolio | management | 48,654 | 48,654 | 56,708 | 56,708 |
| Expenditure on charitable |
activities by fund type | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| Donations | 261,752 | 261,752 | 128,900 | 128,900 |
| Supportcosts | 9,345 | 9,345 | 14,940 | 14,940 |
| 271,097 | 271,097 | 143,840 | 143,840 |
| Expenditure | on charitable |
activities by act |
ivity typ | e | |||
|---|---|---|---|---|---|---|---|
| Grant | funding | Total funds | Total fund | ||||
| of | activities | Support | costs | 2023 | 2022 | ||
| 'E | |||||||
| Donations | 261,752 | 261,752 | 128,900 | ||||
| Governance | costs | 9,345 | 9,345 | 14,940 | |||
| 261,752 | 9,345 | 271,097 | 143,840 |
| 8. | Analysis of support | co | st | s | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Analysis | of | |||||||||
| support costs | ||||||||||
| activity | 1 | Total 2023 | Total 2022 | |||||||
| 2 | ||||||||||
| Communications and IT |
1,369 | 1,369 | 6,784 | |||||||
| Governance costs |
7,976 | 7,976 | 8,156 | |||||||
| 9,345 | 9,345 | 14,940 | ||||||||
| 9. | Analysis of grants | |||||||||
| 2023 | 2022 | |||||||||
| 6 | ||||||||||
| Grants to institutions | ||||||||||
| Marlene Raid Centre |
1,000 | |||||||||
| Leicester Hospitals Charity |
—Glenfield | Hospital | 20,000 | |||||||
| Building Heroes | 75,900 | |||||||||
| Ibstock Baptist Church | - Foodbank | 500 | ||||||||
| lan and Clare Mattioli Charitable | Trust | 1,000 | ||||||||
| Henry Sale Foundation | 500 | |||||||||
| Heanor Vision CIC | 500 | |||||||||
| Stephensons Studio |
School Trust | 10,000 | ||||||||
| Hospice Hope 1st Ibstock Scout Group |
40,000 500 |
|||||||||
| StAndrews Clinics |
20,000 | |||||||||
| Tall Ships Youth | 3,000 | |||||||||
| The Leg Up Project Falcon Support Services |
2,000 13,452 |
|||||||||
| Melton Learning Hub |
15,000 | |||||||||
| UK Veterans Hearing |
15,000 | |||||||||
| The Laura Centre | 5,000 | |||||||||
| Air Ambulance | 15,000 | |||||||||
| Medicine for Ukraine | Refugees | 2,300 | ||||||||
| Oakham Ashwell Scanner |
150,000 | |||||||||
| 261,752 | 128,900 | |||||||||
| Total grants | 261,752 | 128,900 | ||||||||
| 10. | Net (losses)/gains | on investments | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| 2 | 2 | 2 | ||||||||
| Realised gains/(losses) investments |
on listed | (148,171) | (148,171) | 58,745 | 58,745 | |||||
| Unreaiised gains/(losses) investments |
on listed | (775,636) | (775,636) | 20,267 | 20,267 | |||||
| (923,807) | (923,807) | 79,012 | 79,012 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fees | payable | for | the | audit | ofthe | financial | statements | 2,520 | 3,264 |
| Listed | ||
|---|---|---|
| investments | ||
| Valuation | ||
| At 6 April | 2022 | 10,005,792 |
| Additions | 981,936 | |
| Disposals | (1,232,814) | |
| Fair value | movements | (775,638) |
| At 5 April | 2023 | 8,979,276 |
| Carrying | amount | |
| At 5 April | 2023 | 8,979,276 |
| At 5 April | 2022 | 10,005,792 |
| Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| Prepayments and accrued income |
688 | 473 |
| Interest receivable | 2,931 | 234 |
| Dividends receivable |
31,734 | 31,700 |
| 35,353 | 32,407 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 2 | ||||
| Accruals | and deferred | income | 10,444 | 10,416 |
| Donations | payable | 302,300 | 225,900 | |
| 312,744 | 236,316 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 6 April 2022 | Income | Expenditure | losses | 5April 2023 | ||
| 2 | 2 | |||||
| General | funds | 10,606,904 | 272,101 | (319,751) | (923,807) | 9,635,447 |
| At | Gains and | At | ||||
| 6 April 2021 | Income | Expenditure | losses | 5 April 2022 | ||
| 2 | ||||||
| General | funds | 10,495,213 | 233,227 | (200,548) | 79,012 | 10,606,904 |
| Investmen | ts and investm |
e | nt inco |
me | |||
|---|---|---|---|---|---|---|---|
| Schroder | |||||||
| Barratts Developments | Vartan and | Charity | |||||
| Pic59,92610pordinary | Sons | Multi Asset | |||||
| shares | Portfolio | Fund | |||||
| 2 | 2 | 2 | |||||
| Middle Market Value at 6 | April | 311,376 | 5,347,455 | 3,019,454 | |||
| Additions | 884,427 | ||||||
| Proceeds | of Sale | (1,007,893) | |||||
| Net Realised Gains/(Losses) | on Sale | (149,921) | |||||
| Unrealised | Gains/(Losses) | Change | in | ||||
| Market Value | (40,570) | (423,847) | (236,256) | ||||
| Middle Market Value at5 | April | 270,806 | 4,650,221 | 2,783,198 | |||
| Cost at 5 | April | 1,008,751 | 4,113,808 | 2,621,543 | |||
| Income | 22,113 | 93,881 | 123,844 | ||||
| Illlattioli Woods Portfolio | Total | ||||||
| 2 | 2 | ||||||
| Middle Market Value at 6 | April | 1,327,507 | 10,005,792 | ||||
| Additions | 97,509 | 981,936 | |||||
| Proceeds | ofSale | (76,750) | (1,084,643) | ||||
| Net Realised Gains/(Losses) | on Sale | 1,750 | (148,171) | ||||
| Unrealised | Gains Change | in Market | Value | (74,965) | (775,638) | ||
| Middle Market Value at 5 | April | 1,275,051 | 8,979,276 | ||||
| Cost at 5 | April | 1,282,243 | 9,026,344 | ||||
| Income | 13,634 | 253,472 |