OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← William Heather Will Trust

2024-12-31-accounts

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

==> picture [98 x 68] intentionally omitted <==

==> picture [145 x 101] intentionally omitted <==

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

Mrs Rosemary Richardson Dr Hugh Horne The William Heather Will Trust The Chase Chichester Road Midhurst West Sussex GU29 9QE

29 September 2025

Our Ref:H8065/MW/APS/SM

Dear Hugh and Rosemary

The William Heather Will Trust Accounts for the year ended 31 December 2024

I am pleased to enclose the following:

1. The full accounts for the Trust for the year ended 31 December 2024. Please read through the accounts and provided you are happy with them please electronically sign them. The Independent Examiner’s Report will then be completed, and a copy of the accounts will be sent by email.

The accounts have been prepared from the records provided. Hugh signs both the Trustees Report and the Balance Sheet. Rosemary signs just the Balance Sheet.

If you have any queries in relation to the above or would like to discuss the accounts with me in more detail, please do contact me.

Your accounting records are now ready for collection. Please contact the office to make suitable arrangements for collection.

Thank you very much for your assistance and thank you for choosing to work with us.

Yours sincerely

Adrian Sharp

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94 

REGISTERED CHARITY NUMBER: 1067916

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WILLIAM HEATHER WILL TRUST

Lewis Brownlee (Chichester) Limited
Grange House
Grange Road
Midhurst
West Sussex
GU29 9LS

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

TheTrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2024.The
TrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

TheTrust'sobjectiveshavebeen,bymeansoffinancialgrants,torelievesickness,witheachapplicationbeing considered
individually, in the following geographical areas:-

The Ecclesiastical Parish of St. Margaret, Fernhurst, West Sussex

The Ecclesiastical Parish of St. Paul, Camelsdale, Surrey with that of St Peter, Lynchmere, West Sussex,
both parishes being served by the Haslemere Health Centre, Surrey

Hayling Island, Hampshire

Midhurst and Easebourne, West Sussex

TheareasofMidhurstandEasebournewereaddedtothislistbyagreementwiththeCharityCommissionin2018;again by
agreementwiththeCharityCommission,thiswasmodifiedinearly2022toincludeanareawithin25milesofMidhurst and
Easebourne (with the original areas in the scheme  being given some priority if necessary).

ThesemodificationswereintendedtohelptheTrusteestoprovidegrantstoHeadsofallprimaryschoolsinthisregion who
mayapplyforfinancialassistanceforchildrensufferingfromavarietyofmentalhealthdifficulties,localauthority provision
beingsadlyinadequateduringtheongoingnationalcrisisinmentalillnessinschoolchildren,whichhasarisenpartlybut not
completely from the COVID pandemic of 2020 and subsequent years.

Significant activities

RememberingtheTrust'sprincipalaim,thereliefofsickness,theTrusteescontinuetoaimtoassistresidentsofthese areas
whomaybeinneedand/orvulnerablethroughmanyformsofphysicalormentalhealthdisability.AttheTrustees' discretion,
fundscanbeprovidedtowardstreatmentorequipment,withaviewtoassistingineachapplicant'srecoveryor improvement
inhealth,wellbeingandlifestyle,whereincomeandcapitalarenotavailabletomeetthosedemands,andwhere treatment
and/or equipment are not available within a reasonable time through the NHS or Social Services.

ApplicationsareusuallyrequestedfromlocalGPpracticesandfromHeadTeachersofmanylocalPrimarySchoolsaswell as
ourlocalSecondarySchool,witheachapplicationcarefullyconsideredbytheTrustees,actingwithinCharity Commission
guidelines.

Public benefit

WhilstconsideringwhatactivitiestheTrustshouldundertake,theTrusteescontinuetopaydueregardtoguidelinesissued by
the Charity Commission.

Page 1

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

AlongsidetheSirGeoffreyToddTrust(SGTT),wecontinuetosupporttheimportantrolesoftwocounsellorsat our
secondaryschool,MidhurstRotherCollege(MRC),whohelpmanystudents,withavarietyofpsychological problems,
throughout each academic year.

WeprovidedfundingforaseriouslyillMRCstudenttocompleteacourseofdialectalbehaviourtherapyfollowing both
inpatienttreatmentandotherformsoftherapy.Havingobtainedbenefitfromthisspecialisttreatment,herfurther clinical
managementwastobesupervisedbytheChildandAdolescentMentalHealthTeam(CAMHS)andwewishedherwellfor the
future.

Asinpreviousyears,andalongsidetheSGTT,wehavecontinuedtosupporttheworkofafamilysupportworkerat Fernhurst
andCamelsdalePrimarySchools,andhavecontributedtofundsrequiredfortheassistanceofaplaytherapistfor individual
troubled pupils at each school.

WecontinuetohelpfundtheNurtureUnitatEasebournePrimarySchool,setupseveralyearsagotoactivelysupporta small
numberofparticularlydisturbedchildren,(mostofthematpresentbeinginthefirsttwoyearsoftheirtimeatschool), who
wouldotherwisebeatriskofpermanentexclusion.Wehaveseenhowsuccessfulthisworkhasbeenovertheyears,with a
numberofpupilshavingbeenabletojointheircontemporariesinclassandtoultimatelytransfertothesecondary school.
The need for the Unit's existence clearly continues.

TwoTrustees,MrCulleyandMrsJones,bothformerPrimarySchoolteachers,havehelpedtoestablishgood working
relationshipswiththeHeadsoftheseandseveralotherPrimarySchoolsinourarea,bymeansofannualvisitsto these
schoolsandbyrequestingregularreportsonindividualpupils'progress,whilefollowingGDPRguidelinesand ensuring
complete anonymity of each child.

AsaresultofthistheTrusteeshavebeenabletoallocatevitalfundsduringthisyeartothePrimarySchoolsof Bury,
Graffham,Coldwaltham,AmberleyandHollycombe,enablingindividualpupilstosignificantlybenefitfromtheinputof play
therapistsandotherprofessionals.Withtheimpossibilityofobtainingadequatefundingfromthelocalauthorityfor these
children, this financial support is clearly important and much appreciated by staff and parents.

Whilehelpingtoaddressthecontinuingmentalhealthdifficultiesofnumerouschildreninourlocalschools,asad situation
elsewhereinthecountryalso,weareawareoftheoriginalaimoftheTrusttoprovidethe'reliefofsickness',sowe very
muchhopethatGPsandothermedicalpersonnelwillcontinuetoapplytousforconsiderationforassistancefor individual
patients when appropriate.

FINANCIAL REVIEW

Financial position

TheTrusteescontinuetomonitorinvestmentswithBNYMellon,CCLAandcontinuetobenefitfromtheadviceof Rathbones,
formerlyInvestecWealthandInvestmentLimited.Aspreviously,weareconfidentthattheassetsresultingfrom dividends
continue to help us achieve the Trust's aims.

Inadditiontoincomefromdividends,theTrustcontinuestodrawsignificantincomefromtherentoftwoadjacent properties
inHaslemere,Surrey,occupiedbytheStricklandsdentalpractice,with25%ofthisincomepaidasalwaystoa neighbouring
charity, the Fernhurst Vicar and Churchwardens Benevolent Fund 1988.

Wearenowbeingassistedinthemanagementoftheseproperties,ieincludingrentcollectionandinsurance,bylocal firm
Gascoignes,whoagreedtotakeoverthisworkfromFludeCommercial.WehaveacknowledgedthevitalroleofMr Evans,
alongsideDrHopkirk,inoverseeingthiswork,andofMrFifeandMrsRichardsonintheirhelpinmanagingthetransition from
Flude to Gascoignes.

ShouldanydonationsbereceivedundertheGiftAidschemeorunderDeedsofCovenant,recoverableincometaxwould be
recognised at time of donation.

Funds held by the Trust at the end of the year totalled £1,188,303 (2023-£1,139,300 ).

Page 2

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Reserves policy

ItisthepolicyoftheTrustthatunrestrictedfundswhichhavenotbeendesignatedforaspecificuseshouldbemaintained at
a level equivalent to 18 months expenditure. This level of reserves has been maintained throughout the year.

FUTURE PLANS

TheTrusteesareconfidentthatlocalmedicalpersonnelareawareofourexistence,ensuringthatwecanbecontacted for
consideration for financial assistance for individual patients when necessary and appropriate.

Asalreadydescribedelsewhere,excellentcommunicationhasbeenestablishedwithallHeadTeachersandseniorstaffof our
SecondarySchoolandalllocalPrimarySchoolsasallworktohelpthesmallbutsignificantnumbersoftheirpupils suffering
from mental health problems which need to be addressed.

Acknowledgements

ManythanksareduetoourhardworkingsecretaryMrsRichardsonandtreasurerMrsRangesh,andtoallTrusteesfor the
enthusiasm, energy and expertise shown by all of them during the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

TheTrustwasestablishedon3rdFebruary1988andthegoverningdocumentistheCharityCommissionschemedated 17th
November, 1997.

Recruitment and appointment of new trustees

NewTrusteesareappointedwiththefullagreementoftheboard,inrecognitionoftheirskillsandexperience;no specific
trainingorinductioncourseisfelttobenecessary.Theyareprovidedwitha'WelcomePack'whichincludesacopyof the
Trust'sschedule,andaredirectedtotheCharityCommission'swebsiteandspecificallytothedetailedguidancein the
publication 'The essential Trustee: what you need to know, what you need to do" (CC3).

WewereextremelysadtohavebeeninformedofthesuddendeathinMay2024ofMr.G.Evans.Hisknowledge and
experience of legal matters, allied with his wise words of advice, are much missed.

WeweredelightedthatMr.J.FifeagreedtojointheboardofTrusteestowardstheendoftheyear.LikeMrEvans, he
workedasasolicitorformanyyears,hasbeenaresidentofEasebourneforthepasttenyears,andaswellas his
considerableexperienceinlegalmattershehasservedasatrusteeofamentalhealthcharityelsewhereandalsoas a
governor of one of our local primary schools.

Organisational structure

TheTrusteeshavecontinuedtomeetatregularintervalsthrougheachyear,withthetimingofeachmeeting being
dependent on the expected items for discussion.

GDPR and policy statements

TheTrusteescontinuetoensurethatallaspectsoftheTrust'sactivitiesandrecordscomplywithallaspectsofGeneral Data
Protection Regulations.

Policystatementsconcerninginvestmentsandconflictofinterestareregularlyreviewed,togetherwithcriticalrisks. The
Trusteeshaveadutytoidentifythesepossiblerisksandtoensurethatappropriatecontrolsareinplaceto provide
reasonable assurance against fraud and error; we feel satisfied that  systems are in place to mitigate exposure to such risks.

Risk management

TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriate controls
are in place to provide reasonable assurance against fraud and error.

HavingassessedthemajorriskstowhichtheTrustmaybeexposed,theyaresatisfiedthatsystemsareinplaceto mitigate
exposure to such risks.

Page 3

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1067916

Principal address

R Richardson The Chase Chichester Road Midhurst West Sussex GU29 9QE

Trustees

Dr A Hopkirk G Evans (deceased 2/5/2024) Dr H Horne Mrs S Evans Mrs R Richardson Ms M A Jones J R Culley Dr N Rangesh J K Fife (appointed 15/11/2024)

Independent Examiner

Melanie Welsh FCCA ACA Lewis Brownlee (Chichester) Limited Grange House Grange Road Midhurst West Sussex GU29 9LS

Bankers

Barclays Bank PLC North Street Midhurst West Sussex GU29 9DL

Investment Advisers

Rathbones 30 Gresham Street London EC2V 7QN

Delegated management

Mrs R Richardson

07 October 2025 | 11:35 BST Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... 6FF89207720C4CO... Dr H Horne - Trustee

Page 4

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIAM HEATHER WILL TRUST

Independent examiner's report to the trustees of The William Heather Will Trust

IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheWilliamHeatherWillTrust(theTrust)forthe year
ended 31 December 2024.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. 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. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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. 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.

Melanie Welsh FCCA ACA

Lewis Brownlee (Chichester) Limited
Grange House
Grange Road
Midhurst
West Sussex
GU29 9LS

Date: .............................................

Page 5

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Raising funds
3
Charitable activities
Grants payable
Other
4
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
funds
£
1,500
50,572
52,072
6,198
49,219
5,508
60,925
201
(8,652)
57,655
49,003
1,139,300
1,188,303		 2023
Total
funds
£
-
48,703
48,703
2,446
125,558
2,489
130,493
1,821
(79,969)
26,581
(53,388)
1,192,688
1,139,300		 
The notes form part of these financial statements

Page 6

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

BALANCE SHEET 31 DECEMBER 2024

2024 2023
Unrestricted Total
funds funds
Notes £ £
FIXED ASSETS
Investments
Investments 6 770,352 742,779
Investment property 7 393,750 367,500
1,164,102 1,110,279
CURRENT ASSETS
Debtors 8 6,465 2,373
Cash at bank 22,836 29,021
29,301 31,394
CREDITORS
Amounts falling due within one year 9 (2,700) -
NET CURRENT ASSETS 26,601 31,394
TOTAL ASSETS LESS CURRENT LIABILITIES 1,190,703 1,141,673
ACCRUALS AND DEFERRED INCOME 10 (2,400) (2,373)
NET ASSETS 1,188,303 1,139,300
FUNDS 11
Unrestricted funds:
General fund 897,303 874,550
Revaluation reserve 291,000 264,750
1,188,303 1,139,300
TOTAL FUNDS 1,188,303 1,139,300

07 October 2025 | 11:35 BST

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. C6FF89207720C4CO...Hugh Horve H Horne - Trustee

| ............................................. FesmarySigned02C51B5D85FE421... by: Ricard son R Richardson - Trustee

The notes form part of these financial statements

Page 7

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94 

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
which are included at market value.

ThepresentationalcurrencyofthefinancialstatementsisinPoundSterling(£)whichisroundedtothe nearest
pound (£).

Going concern

Atthetimeofapprovingtheaccounts,theTrusteeshaveareasonableexpectationthattheTrusthas adequate
resourcestocontinueinoperationalexistencefortheforeseeablefuture.ThustheTrusteescontinuetoadopt the
going concern basis of accounting in preparing the financial statements.

Incoming resources

Allincomeandendowmentsareaccountedforwithoutdeductionforanycostsofreceivability,arerecognised when
there is evidence of entitlement, receipt is probable, and the amount can be measured reliably.

Voluntary Income

Donations are recognised when received.
Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
Grants and legacies are recognised when the formal offer in writing of the funding is received.

Income from Charitable Activities

Income is recognised when the money is received.

Income from Investments

Dividends are accounted for when due and payable.
Interest entitlements are accounted for as they accrue.

Tax recoverable on such income is recognised in the same accounting year.

All other income

All other income is recognised in the period to which it relates.
Income received in advance is deferred to the period to which it relates.

Gains and losses on investments

Realised gains are recognised when the investments are sold.

Unrealised gains and losses are accounted for on revaluation on 31 December.

Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Themanagementandactivitiesofthecharityarecarriedoutbyvolunteers.Thisincomeandcostisnotincluded in
the financial statements as this voluntary contribution to the work of the charity is incalculable.

Grants

Grantsanddonationsareaccountedforwhenpaidover,orwhenawardedwheretheawardcreatesa binding
obligation on the charity.

continued...

Page 8

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Investments

Investmentpropertiesheldforinvestmentareincludedinthebalancesheetattheirfairvalue,thechangesin which
arerecognisedintheStatementofFinancialActivities.Anyrevaluationsurplusfromthepropertyisincludedas a
revaluation reserve within the  General Fund.

InvestmentsarestatedatmarketvalueatthebalancesheetdateandtheStatementofFinancialActivities shows
investment gains and losses arising from revaluation of the investment portfolio and disposals during the period.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.

Financial instruments

Investments areaformofbasicfinancialinstrumentandareinitiallyrecognisedattheirtransactionvalue and
subsequentlymeasuredattheirfairvalueasatthebalancesheetdateusingtheclosingquotedmarketprice. All
gainsandlossesaretakentotheStatementofFinancialActivitiesastheyarise.Realisedgainsandlosses on
investmentsarecalculatedasthedifferencebetweensalesproceedsandtheiropeningcarryingvalue. Unrealised
gains and losses are calculated as the difference between the fair value at the year-end and their carrying value.

2. INVESTMENT INCOME

3.

Rents received
Income from listed investments
RAISING FUNDS
Investment management costs
Portfolio management
Property management		 2024
£
27,474
23,098
50,572
2024
£
1,842
4,356
6,198		 2023
£
25,127
23,576		 2023
£
25,127
23,576
48,703
2023
£
1,981
465
2,446
2,446 
continued...

Page 9

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94 

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

4. OTHER

OTHER
2024 2023
£ £
Support costs 5,508 2,489 
Supportcosts£5,508includestheIndependentExaminationfeeof£5,100fortwoyears(2023-£2,489includes a
fee of £2,100).

5. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.

6. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2024 742,779
Additions 32,071
Disposals (35,903)
Revaluations 31,405
At 31 December 2024 770,352
NET BOOK VALUE
At 31 December 2024 770,352
At 31 December 2023 742,779 
There were no investment assets outside the UK.

If listed investments had not been  revalued they would have been included at their historical cost of £472,858.

7. INVESTMENT PROPERTY

FAIR VALUE
At 1 January 2024
Revaluation
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 £
367,500
26,250
393,750
393,750
367,500 
continued...

Page 10

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£
Valuation in 2024 393,750 
WHWTholdsa75%interestintheseproperties-thereforethe£393,750valuestatedintheaccountsis75%of the
overall valuation of £525,000. The trustees had used a surveyor to provide an up to date estimated value.

AnyrevaluationsurplusfromthepropertyisincludedasarevaluationreservewithintheGeneralFund.Atthis time
the revaluation reserve amounts to £291,000.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9.

10.

11.

Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS		 At 1/1/24
£
874,550
264,750
1,139,300
1,139,300		 2024
£
6,465
2024
£
2,700
2024
£
2,400
Net
movement
in funds
£
22,753
26,250
49,003
49,003		 2023
£
2,373
2023
£
-
2023
£
2,373
At
31/12/24
£
897,303
291,000		 2023
£
2,373
2023
£
-
2023
£
2,373
1,188,303
1,188,303 
continued...

Page 11

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS		 Incoming
resources
£
52,072
-
52,072
52,072		 Resources
expended
£
(60,925)
-
(60,925)
(60,925)		 Gains and
Movement
losses
in funds
£
£
31,606
22,753
26,250
26,250
57,856
49,003
57,856
49,003		 Gains and
Movement
losses
in funds
£
£
31,606
22,753
26,250
26,250
57,856
49,003
57,856
49,003
49,003
49,003

Comparatives for movement in funds

Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS		 At 1/1/23
£
927,938
264,750
1,192,688
1,192,688		 Net
movement
in funds
£
(53,388)
-
(53,388)
(53,388)		 At
31/12/23
£
874,550
264,750
1,139,300
1,139,300 
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
48,703
48,703		 Resources
expended
£
(130,493)
(130,493)		 Gains and
Movement
losses
in funds
£
£
28,402
(53,388)
28,402
(53,388)		 Gains and
Movement
losses
in funds
£
£
28,402
(53,388)
28,402
(53,388)
(53,388) 
continued...

Page 12

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS		 At 1/1/23
£
927,938
264,750
1,192,688
1,192,688		 Net
movement
in funds
£
(30,635)
26,250
(4,385)
(4,385)		 At
31/12/24
£
897,303
291,000
1,188,303
1,188,303 
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 100,775 (191,418) 60,008 (30,635)
Revaluation reserve - - 26,250 26,250
100,775 (191,418) 86,258 (4,385)
TOTAL FUNDS 100,775 (191,418) 86,258 (4,385)

12. RELATED PARTY DISCLOSURES

Therewerenorelatedpartytransactionsfortheyearended31December2024norfortheyearended31 December
2023.

Page 13

Docusign Envelope ID: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94

THE WILLIAM HEATHER WILL TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1,500 -
Investment income
Rents received 27,474 25,127
Income from listed investments 23,098 23,576
50,572 48,703
Total incoming resources 52,072 48,703
EXPENDITURE
Investment management costs
Portfolio management 1,842 1,981
Property management 4,356 465
6,198 2,446
Charitable activities
Grants to institutions 49,219 79,006
Grants to individuals - 46,552
49,219 125,558
Support costs
Governance costs
Insurance 408 389
Accountancy 5,100 2,100
5,508 2,489
Total resources expended 60,925 130,493
Net expenditure before gains and losses (8,853) (81,790)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 201 1,821
Net expenditure (8,652) (79,969) 
This page does not form part of the statutory financial statements

Page 14

Certificate Of Completion

Envelope Id: 1FDD7921-4122-4EDA-9F83-1D7B212D1A94 Subject: The William Heather Trust - H8065 Source Envelope: Document Pages: 18 Signatures: 3 Certificate Pages: 5 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Sent

Envelope Originator: Reception Lewis Brownlee (Chichester) Ltd, Appledram Barns Birdham Road Chichester, GB-WSX PO20 7EQ reception@lewisbrownlee.co.uk IP Address: 172.167.147.33

Record Tracking

Status: Original 29 September 2025 | 15:11

Holder: Reception reception@lewisbrownlee.co.uk

Location: DocuSign

Signer Events Signature Dr Hugh Horne fam.horne@btinternet.com [Ds Huge Horve Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 2a00:23c6:9b3:ae01:c5b1:161c:6ea6:5e24

Timestamp

Sent: 29 September 2025 | 15:19 Resent: 01 October 2025 | 10:59 Viewed: 07 October 2025 | 10:45 Signed: 07 October 2025 | 11:35

Electronic Record and Signature Disclosure:

Accepted: 29 September 2025 | 17:30 ID: ba4ebb3f-9f8e-4832-bf97-d5fab3884e27

Rosemary Richardson faganrm@aol.com Security Level: Email, Account Authentication (None)

Sent: 07 October 2025 | 11:35 Viewed: 09 October 2025 | 15:57 Signed: 16 October 2025 | 18:07

Signature Adoption: Pre-selected Style Using IP Address: 2a00:23c6:c788:8401:cc84:c715:6b30:6f60

Electronic Record and Signature Disclosure:

Accepted: 16 October 2025 | 18:06 ID: 94f7a370-d2ec-4e31-916a-25811b39bfe9

Melanie Welsh mwelsh@lewisbrownlee.co.uk Security Level: Email, Account Authentication (None)

Sent: 16 October 2025 | 18:07

Electronic Record and Signature Disclosure: Accepted: 16 October 2025 | 09:58 ID: 4077dc9e-e3c0-45e0-80d4-c1ce74b2851b

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp

Carbon Copy Events Status Timestamp

Adrian Sharp

asharp@lewisbrownlee.co.uk

Security Level: Email, Account Authentication (None)

Electronic Record and Signature Disclosure:

Not Offered via Docusign

Mrs Nell Rangesh nrangesh@gmail.com Security Level: Email, Account Authentication (None)

Electronic Record and Signature Disclosure:

Not Offered via Docusign

Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 29 September 2025
Envelope Updated Security Checked 29 September 2025
Envelope Updated Security Checked 03 October 2025
Envelope Updated Security Checked 03 October 2025
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 11 December 2018 | 13:03 Parties agreed to: Dr Hugh Horne, Rosemary Richardson, Melanie Welsh

ELECTRONIC RECORD AND SIGNATURE DISCLOSURE

From time to time, Lewis Brownlee (Chichester) Ltd (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system. Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

Getting paper copies

At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print documents we send to you through the DocuSign system during and immediately after the signing session and, if you elect to create a DocuSign account, you may access the documents for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish for us to send you paper copies of any such documents from our office to you, you will be charged a $5.00 per-page fee. You may request delivery of such paper copies from us by following the procedure described below.

Withdrawing your consent

If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us that thereafter you want to receive required notices and disclosures only in paper format. How you must inform us of your decision to receive future notices and disclosure in paper format and withdraw your consent to receive notices and disclosures electronically is described below.

Consequences of changing your mind

If you elect to receive required notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of your receipt of such paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to receive required notices and consents electronically from us or to sign electronically documents from us.

All notices and disclosures will be sent to you electronically

Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

How to contact Lewis Brownlee (Chichester) Ltd:

You may contact us to let us know of your changes as to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically as follows:

To contact us by email send messages to: hphillips@lewisbrownlee.co.uk

To advise Lewis Brownlee (Chichester) Ltd of your new email address

To let us know of a change in your email address where we should send notices and disclosures electronically to you, you must send an email message to us at hphillips@lewisbrownlee.co.uk and in the body of such request you must state: your previous email address, your new email address. We do not require any other information from you to change your email address.

If you created a DocuSign account, you may update it with your new email address through your account preferences.

To request paper copies from Lewis Brownlee (Chichester) Ltd

To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an email to hphillips@lewisbrownlee.co.uk and in the body of such request you must state your email address, full name, mailing address, and telephone number. We will bill you for any fees at that time, if any.

To withdraw your consent with Lewis Brownlee (Chichester) Ltd

To inform us that you no longer wish to receive future notices and disclosures in electronic format you may:

i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may;

ii. send us an email to hphillips@lewisbrownlee.co.uk and in the body of such request you must state your email, full name, mailing address, and telephone number. We do not need any other information from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process..

Required hardware and software

The minimum system requirements for using the DocuSign system may change over time. The - - current system requirements are found here: https://support.docusign.com/guides/signer guide signing-system-requirements.

Acknowledging your access and consent to receive and sign documents electronically

To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please confirm that you have read this ERSD, and (i) that you are able to print on paper or electronically save this ERSD for your future reference and access; or (ii) that you are able to email this ERSD to an email address where you will be able to print on paper or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format as described herein, then select the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

By selecting the check-box next to ‘I agree to use electronic records and signatures’, you confirm that: