2024-04-05-accounts

REGISTERED CHARITY NUMBER: 1063669 Report of the Trustees and Financial Statement8 for the Year Ended 5 April 2024 Slr Donald & Lady Edna Wilson Charltable Trnst Ellis & Co (Acwuntants & Business Advisers) Ltd Chartered Accountants and Ststutory Auditors 114-120 Northgate Street Chestèr CH12HT

Slr Donald & Lady Edna Wilson Charitable Trust Contents of the Financial Statements for th• Year Ended 5 April 2024 Report of the Trustees 1 to 3 Report of the Independent Auditors 4 to 7 Statement of Financial Activities SL*ment of Financlal Posillon Notes to the Financial Statements 10 to 13

Slr Donald & Lady Edna Wllson Charitable Trust Report of the Trustees for the Year Ended 5 Aprfl 2024 The trustees present their report with the finanaal statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: ststement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectives and activities Objectives and aims The objectives of the charity are to make payments to tharities which provide relief. for the elderly. support the vulnerable (such as young children or anyone with special needs) or hardship; provide for the advancement of education or the advancement of the Christian religion; and other charitable purposes for the benefft of the communty. Slgnificant activitles Directed by its trustees. the charity continued in pursuit of its primary aim to make donations to charities and charitsble institutions which fall within ts objectives. During the year charities that support vulnerable children have been specifically identified. The charity has also made smaller donations to many other charitses. Public benefit The trustses have refeffed to advica contsined in the Charity Commission's general guidan￿ on public benefit when reviewing aims and objectives, and in planning future activities. In particular. the trustees consider how planned activities will cx)ntribute to the aims and objectives which they have set Financlal review Financlal position Resources inwming to the charity were dr¥idend arKI interest income from the share Portfolio and donations from Watsrgate Properties (Ellesmere) Limited. As with previous years the charity made donations to charities and charitable institutions. The trustees consider that there are no major risks or uncertainties facing the charity. Investment policy and objectives The investment portfolio is held with Cana(xord Genuity Weatth Management and has the objective of creating income and maintaining real value of (xpital. Reserves policy The￿ were significant reserves of £6,981.084 as at 5 April 2024. Structure. governance and management Governing document The charity is controlled by its goveming documen( a deed of trust dated 21 May 1997. and )nstitutes an unincorporated charity. Recruitsnent and appointmont of new trustoes New twstees ar8 proposed in a trustees, meeting, with all current trustees agreeing on the appointment of the new trustee. Page 1

Sir Donald & Lady Edna Wilson Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 Structure, governance and management Oryanisational structure The trustees meet at least once a quarter to manage the affairs of the chaiity. Risk management The trustees have a duty to identify and review the risks to which the tharity is exposed and to ensure appropriate ￿ntrOlS are in pla￿ to pro￿de reasonable assurance against fraud and error. The trustees have corKlucted their own review of the major risks to which the tharity is exposed and systems have been established to mitigate those risks. Intemal risks are minimised by the implementstion of procedures for authorisation of all transactions. Reference and administrative detsils Registered Charity number 1063669 Principal address 12 Grosvenor Road Wrexham LL111BU Trustees GVKelty EGRees L B Probert Auditors Ellis & Co (AccDuntants & Business Advisers) Ltd Chartered Accountants and Statutory Auditors 114-120 Northgate Street Chester CH12HT Solicitors Gitbns McDonald 12 Grosvenor Road Wrexham LL111BU Investment Manage Canaccord Genulty Wealth Management Anson House 1 Cae'r Llynen Uandudno JunctK)n Conwy LL319LS Page 2

Slr Donald & Lady Edna Wilson Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 Tn￿te0$. responslbility statement The trustees are responsible for preparing the Report of the Trust88s and the financial statements in acujrdance with applicable law and United lfjngdom Acmunting Stsndards (United lfjngdom Generally Accepted Accounting Practice). The law applicable to charities in England arKI Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year whith give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure. of the charity for that period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and prinaples in the Charity SORP; make judgements and estimates that are ￿asOnable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presuma that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial positson of the charity and to enable them to ensure that the financial ststsments comply with the Charities Act 2011, the Charity (Accounts arKI Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. L A/q/21 Approved by order of the board of trustees on ............. .. behalf by: and signed on its GIIKéily-T stee 161 f7f Page 3

Report of the Independent Audltors to the Trustses of Slr Donald & Lady Edna Wilson Charitable Trust Opinlon We have audited the financial statements of Sir Donald & Lady Edna Wilson Charitable Trust (the 'charity') for the year ended 5 April 2024 which comprise the Statement of Finanaal Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom ACC￿ntIng Standards (United Kingdom Generalty Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of ts charitvs affairs as at 5 April 2024 and of its incoming resources and application of resour￿. for the year then ended; have been properly prepared in accordan￿ with United Kingdom Generally AC￿pted Accounting Practice; and have been prepared in accordan￿ with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibilities urKler those standards are further described in the Auditors, responsibilities for the audit of the finarlcial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢￿anCe with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concem In auditing the financial statements, we have conduded that the trustees, use of the going concem basis of airA)unting in the preparation of the financial statements is appropriate. Based on the work we have perfonned. we have not identified any material uncertainties relatiNJ to events or condttions that, individually or collectively, may cast significant doubt on tha charilvs ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees Nmth respect to going concem are described in the relevant sections of this report. Other information The tnjstees are responsible for the other infomiation. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report. we do rK)t express any forn of assuran condusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other InfO￿natiOn and. in doing so, consider whether the other infomation is materially inconsistent with the flnanclal statements or our knowledge obtalned In the audlt Dr otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detsnnine whether this gives rise to a material misststem8nt in the financial statements themselves. If, based on the work we have performed, we condude that there is a matsrial misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 4

Report of the Independent Auditors to the Trustees of Sir Donald & Lady Edna Wllson Charltable Trust Matters on whlch we are required to report by exceptlon We have nothing to report in respect of the following matters where th8 Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion: the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financxal statements,. or sufficient accounting records have not been kept; or the financial statements are not in agreement with the a(xounting records and returns; or we have not re￿iVed all the inft)miation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement. the trustees are responsible for the preparation of the finanaal statements which give a true and fair view. and for such internal (x)ntrol as the trustees determine is necessary to enable the preparation of financial statements that are free from material misststement. whether due to fraud or error. In preparing the financial statements, the tmstees are responslble for assesslng the charws ability to (x)ntinue as a going concem, disdosing, as applicable. matters related to going (%)n￿rn and using the going conc8m basis of accounting unless the trustees either intend to liquidate th8 charity or to cease operations, or have no realistic alternative but to do so. Page 5

Report of tho Indepondont Auditors to the Trustees of Sir Donald & Lady Edna Wllson Charitable Trust Our responslbilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordan￿ with the Act and relevant regUlati￿S made or having effect thereunder. Our objeclives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatsment when it exists. Misstatsments can arise from fraud or error and are considered material if. individually or in the aggregate, they ￿Uld reasonabty b8 expected to Influen￿ the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below: We Identfy and assess the risks of material misstatement of the Financial Ststements, whether due to fraud or error. and then design and perfomi audit procedures in response to those risks, including obtaining audit evidence that is sufficient and appropriats to provide a basis for our opinion. In ide￿￿fylng and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: the nature of the charity, the control environment and results results of our enquiries of management about their own identffication and assessment of the risks of irregularities any matters we identified having obtained and reviewed documentstion of poliaes and procedures relating to." identifying, 8valuatirKJ and complying with laws and regulations and whether management were aware of any instances of non*compliar detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud the intemal controls established to mitigate risks of fraud or r￿rKoMplI3nce with laws arKI regulations the matters discussed among the audit engagement team regarding how and where fraud Might ocojr in the financial ststements and any potential irKlicators of fraud As a result of these wocedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the ￿mpleteneSS of revenue and payment of donations. In wmmon wlth all audlts under ISA (UK), we are also required to perform specific procedures to respond to the risk of management override. A futher description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's wthite ¢lt wbYw.frc.org.uklauditorsresponsibilities. Thls d8s(xlption forms part of our Report of the Independent Auditors. Page 6

Report of the Independent Auditors to the Trustees of Sir Donald & Lady Edna Wilson Charltable Trust Use of our report This report is made solely to the charitys trustees, as a body, in accordance wtth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has b88n undertaken so that we might state to the charitys trustees those matters we are required to state to them in an audito￿, report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than tha charity and the charity's trustses as a body. for our audit work. for this report, or for the opinions we have fo￿ned. LILO , L (A,aL 4 Akn) Lij Ellis & Co (Accountants & Business Advisers) Ltd Chartered Accountants and Statutcry Auditors 11*120 Northgate Street Chester CH12HT Date: ....... Page 7

Sir Donald & Lady Edna Wilson Charltable Trust Statsment of Financial Activrties for the Year Ended 5 April 2024 4tt4 514123 Unrestrlctsd Total fund funds Notss Income and endowments from Donations and legacies 250.000 290.txjo Investrnent income 84,071 68,430 Totsl 334,071 358,430 Expenditure on Raising fijnds 20,092 19.076 Charftable activities Donations 313.842 417.772 Other 14,647 12.960 Total 348,581 449.808 Net gainsl{losses) on investrnents 202,095 {150.673) NEf INCOMEI(EXPENDfTURE) 187.585 (242,051) Reconciliallon of funds Totsl funds brought lo￿ard 6,793,499 7.035,550 Total funds carried fonvard 6.981,084 6,793.499 The notes fomi part of these financial statements Page 8

Sir Donald & Lady Edna Wllson Charitable Trust Statsment of Financlal Position S April 2024 514124 514123 Unrostricted Total fund funds Fixed assets Investments 6.950.286 6,637.276 Current assets Debtors Cash at bank 10 5.961 43,293 3.232 170,402 49.254 173.634 An￿Unts falling due within one year 11 (18.456) (17.411) Net current assets 30,798 156.223 Total assets less current liabllllles 6,981,084 6,793.499 NEf ASSErs 6,981,084 6.793,499 Funds Unrestricted funds 6,981,084 6,793,499 Total funds 6,981.084 6.793,499 The financial statements were approved by the Board of Trustees and authorised for issue on ..l.￿.]..f..1.10Z.w............... arKI were signed on ts behalf by: E G Rees - Trustee The notes fonn part of these financial statements Page 9

Sir Donald & Lady Edna Wilson Charftabl8 Trust Notes to the Financial Statements for the Year Ended 5 April 2024 The charltablo trust The tharitable trust is an unincorporated d)arity controlled by a deed of trust, registered in Wales. The principal address is: 12 Grosvenor Road Wrexham LL111BU Accounting policies Basis of preparing the finanGial statements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordan￿ wrth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accx)unts in accordan￿ with the Financial Reporting standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard appIl￿ble in the UK and Republic of Ireland, and the Charities Act 2011. The financial statsments have been prepared under historical cost convention with the exception of listed invesknents which are included at market value. The charity, as a small charity. is exempt from the obligation to prepare group accounts. Consequently, these aco)unts pr&8ent inforniation about th8 charity as an individual urKlertaking and not as a group. Income All income is recognised in the Statement of Finanaal Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of econornic beneffts will be required in settlement arKI the amount of the obligation can be measured reliably. ExpendFture is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUr￿s. Allocation and apportionment of costs Support costs have been allocated between govemance costs and other supp(rt Govemance costs comprise all costs involving public accountablllty of the charlty and Its compliance with regulation and good practice. Taxation The charity is exempt from tax on its charitable activibes. Fund accountlng Unrestrictsd funds are available for usa in accordan￿ with the charitable objecbves at the disuetion of the trustees. All funds held by the charity are unrestiictsd fijnds. Page 10 continued...

Slr Donald & Lady Edna Wilson Charltable Trust Notes to the Financial Statements - continued for Ihe Year Ended 5 April 2024 Accountlng policies - continued Fixed asset investments Shares in group undertakings are recorded at and subsequently stated at cost less any aC￿mUlated impa1￿￿ent losses. Where shares in subsidiary undertakings are acquired by way of gift they are initialty recognised at fair value and subsequently stated at initial fair value less any accumulated impainnent losses. Listed investments are measured at fair value With thanges in fair value being recognised in profit or loss. Investment income 514r23 Income from listed invesknents Interest receivable 57,943 26,128 56.815 11.615 84.071 68,430 Raising funds Investment management costs 4ll4 514123 Portfolio management 20,092 19,076 Auditows. remuneration 4tt4 514123 Fees payable to the CharIt￿S auditors for the audit of the charivs financial statements 9,918 9.450 Addttional fees payable to tha charitable trusvs auditors for accountanGy arKI consultancy services were £4.681 (2023: £3.510). Trustees. romuneration and beneflts There were no trustees. remuneration or other beneffts for the year erKled 5 April 2024 rbor for the year ended 5 April 2023. Trustees. expenses Therc wore no tru3tee8' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. Page11 continued...

Slr Donald & Lady Edna Wilson Charitable Trust Notss to tho Flnancial Statements - contlnued for the Year Ended 5 April 2024 Employees The charity had no employees in the current or previous year. Trust deed restrictions The tnjst deed stipulates that only 5% of the capital in the trust fund can be distributsd each year. These restrictions were complied with during the year. Fixed asset investments Shares in group undertaklngslnvestments Totals Market value At 6 April 2023 Additions Disposals Revaluations 4.100,000 2,537.276 6,637.276 386.169 386.169 (275,254) (275.254) 202,095 202.095 At 5 April 2024 4.100,000 2,850.286 6,950,286 Net book value At 5 April 2024 4,100,000 2,850,286 6.950,286 At 5 April 2023 4.100,000 2,537,276 6,637.276 Shares in group undertakings represents the cost of 100% of the issued shar8 capitsl in Watergate Properties (Ellesmere) Limited following the gfft of shares in 2006 and 2016. For the year ended 5 April 2024, the ac￿Unts of Watergate Properties (Ellesmere) Limited 1rK￿ud8d tumover of £224,696, invethent income of £68,228, expenditu￿ of £437.265 and a gain on revaluation of assets of £287.093 giving rise to a profft for the year of £142.752. The registered office address of Watergate Properbes (Ellesmere) Limited is 12 Grosvenor Road, Wrexham. Wales. LL11 1 BU. Cost ¢y valuation at 5 April 2024 is represented by: Shares in group Listed undertakingsinvestments Totals valuati￿ in 2024 2.850,286 2.850.286 4.100.000 4.100.000 4.100.000 2,850,286 6,950,286 Page 12 continued...

Sir Donald & Lady Edna Wilson Charitable Trust Notes to the Financlal Statements - contlnued for the Year Ended 5 April 2024 10. Debtor5: amounts falllng due within one y 4R4 514r23 Prepayments and accrued income 5,961 3,232 11. Credltors: amounts falling due within one y 4W 514r23 Other creditors 18,456 17,411 12. Related party disclosures The charity owns 100Yo of the shares in Watergate Properties (Ellesmere) Limited. company registered in England & Wales. Donations of £250,000 were r8C8IV8d from the company during the year (2023: £290,000). Page 13