Charfty Reglstration No. 1087173 Company Registration No. 04168010 {England and Walos) THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mr Simon James Robinson - Chairman Dr Sarah Barnard Dr Alan Richard Bennett Mrs Victoria Johnson Mr Garth Staden Mrs Susan Jennifervaughan MrJames Henry Whitaker CharTty numbèr 1087173 Company number 04168010 Prlnclpal address and registered office Yew Tree Cottage Horsham Road Steyning West Sussèx BN44 3LJ Independentexarniner TC Group Thè Courtyard Shoreham Road steyning West Sussex BN44 3TN Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Invostmènt advlsors Rafhbon8 Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Trustees. report Statement of Tru¥tee3' Re3ponsibilitie¥ Independent Examin*s report statement of Financial Activities Balance Sheet Notes to the accounts 8-12
THE WILSON MEMORIAL TRUST (LIMITED BY GUARAKfEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The frustees present their report and accounts for the year ended 31 March 2025. The accounts comply with the Charitses Act 2011, the Companies Act 2006, Ihe Memorandum and Articles of Association, and Accounting and Reporbng by Charities= Ststement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}. Structure. Governancè and Management The Charity was incorporated in England on 26 February 2001 as a company lThited by guarantee with no share capital and registratian numbor 04168010. It was registered with the Chanty Commission on 26 June 2001 wth regi51ration number 1087173. The members of the charity, who are also directors for the purpose of company law. who served since the start of the yearwere.. Mrsimon James Robinson- Chaimian Dr Saiah Barnard Dr Alan Richard Bennett Mr Garth Sladen Mrs Diane Margaret Taylor Mrs Susan JennileT Vaughan Mr James Henry Whitaker1 Non9 of the members has any benefiaal interest in the company. All the tnjstees are members of the company and guarantee to contribute £1 in the event of a winding up. Any new twste8s und8rgo a fomial r8cruiting and selection process. followed by an induction period that includes any training considered TrsSary lo effectively perform their Objectives and Activities The objects of the Charitsble Company are for the wimary benefit of the resxlents of the Area of Benefit, which is defined as the area seNed by the Sleyning Health Centre (or any medical organKiation operating in succession, substttut'on or addition theretol- The prinaple objects are: the prevention and relief of physieal and mental 8knesS and disabilrty. and the preSerVan. protection and promotion of mental and physi1 health and Welbeing, including the provision of equipment. facilits.es and seNices which supplement and support but which arè not contracted to be provKled by the local Health Aulhority or any other part of the National Health Servi. the advancement of education. particularly relating to Ihe benefits of good health and prevention of sickness.. the support of such other charitable causes as the Irustees think We aim to increase public awareness of the Wilson Memorial TTU5t 50 that community 9roups can request grants which may fit our remit. The trustees deude whether to award grants by reviewing the application fomis sent in by applicants and asking follow up questions such as whether other funding is being soughl and how they will demonstrate that objective¥ of the Tru¥t have been mel. All grants are subject to trustees. diqcretion.
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and Perfomunce The Trustee5 appVed new grant expenditure during the year of £151,192 (2024. £96.208}. Regular meob.ngs Continue in order to discuss arml approve applic*tions. The largest grant in this peri¢xl was £S0.000 awarded to Penfold Church Hall Trustees for structural work to the building and extensive redecoration of common areas to ensure the hall can Continue to Serve a broad community purpose including a Charitab play group and a range ol fitness classes. The local cornmunity enjoys mental and physical health benefits through the range of acliviti•s. Followng Support for Steyning Tennis Club in recent years for their dubhouse, they have gone rffi strength to strength in terms of members of all ages and the three courts are fully utilized every day. A grant of £45,000 was provid8d lo h8lp with th• rosurfaang of of the court& which had become unfit for PUTpose through wear and lear. The Trustees continue to support healthy IrFestyles through other sports with grants to Steyning BOWLS Club fr&r a pétanque court, Upper Be9ding Football Club with new goal posts and a mower and Steynww Town under 8's with srx s8al all weather shelter to help in the winter conditions. A grant of £7.270 was awarded to th8 Modèl Bikery, which operates a Community bll(e faality for repaits. education and a soctal network for all types of bikes. Our support for the health seNices in the community continued wilh a grant of£2.994 to Steyning Medical Practice for a Bedfont Nljbreath V2 FeNO monitor and to Steyning Patient Participalion Group for £4,5CWJ to help continue valuable communication with the community thiough magazinés and technology. A full list of grants awarded appears on page 10 of the accounts. Plans forthe fuÈurn Wilson Memorial Trust will continue to receive applications and activaty seèk oppjrtunities to assist the community with grants to support its aims and objectives. The TrJstee5 have considered Ihe major risks to which the Twst is exposed aTrJ have reviewed those risks and established appropriate systems and procedures to manage those risks. The principal objectives of the tNsl are well defined. The backgrounds of the members of the Board of Trustees including experien in the health sedor, finanual control. invesbnent management and18g31 and compliance provide Ihg skills to m88t the principal obj8ctives of the Trust. Conflids of interest are declared al each meeting where decisions on grants are being m?de and there is a stsndard produre for grant applications to be réceived. recorded and assassad by all Truslees. The Trustees review financial reports induding rash flow. investment performance and thg Stalus of grant applieatlDns at éach méeting. Independent investment managers have been appointed to manage the Trust's po0110 of assets and be8n gNen a clear perforynance tarYJet based on tolal rebjms on fhose assets. A finarkce sulFcommittee monitors the perfomants ofthose investrnent managers and meets with the manaprs at least On per year to review their performance and compliance with their targets. The Trustees use their local knowledge to assess the validity of grant applications and avoid fraudulent claims. The assets of the Trust are secured by the Trust's system of financial conlrol which teviewed and approved by the Board of Trustees. The Trustees are guided by their professional advisors and those Trustee¥ with a professional back9round to maintsin Complian wth appropriate legislation.
THE WILSON MEMORIAL TRUST (LIMITED BYGUARAKfEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial Review The charity has nel 8ssets of£1.805:312 at the year ended 31 March 2025 tLmparad with £2,025.738 in the premous year. The lotsl incorne for the year w83 £53,329 (2024. £56,573) comprising of dividends and interest from investments. Talal expenditure in the year was £172,939 (2024" £116,447), wh[( included investment management fees, govémanc costs and grants to support the aims of the charity. The ¢losing fvnds on 31 Man 2025 arKI on 31 March 2024 are all represented by unrestricted funds. ReseTves poli¢y The tNsl68s havè reviewed ts reserves of the ctharity and have conduded. as recommeThJed by TC Group. that free reserves should amount lo no tess than £1.250.000. This will ensure that the income generated can always allow thé Trust lo meet its objedives. This reserves poliw is revivNed annualty by trustees. The reserves poliw has been met in the year Ljndér rèvi8w the chaTity holding free reserves of £1.805.312 {2024', £2,025.7381 al the balancè sheet date. Inv•stmènts policy Wilson Memorial Trust has a diversrfied Portfo0. hh has met ¢)ur objedives for risk and volathlity. income to support the charity's aims and capitsl growth lo provide a real raté of rétum above inflation. The aims of the charity have been supported well by market return3 and a¢tive investment management, provided by Ralhbone Greenbank who were selected in 2020 for Ihéir commitrrtent to invésting using Environmental. Soual and Governance oiteria when 5ekcting companies and funds in the portfolio. As part of our ongoing govemance. this is under revi& in 2025 ta énsuré al aims and obi8ctiV8s continue lo be met Public Benefrt In accordance th our duties as stated in section 17(5) of the 2011 Charities ACL the trustees have considered the guidan provided by the Charity Commtssion in re9ard to public benefiL Mr Simon James Robinson- Chaimian Trust89 Company Registration No. 04168010
THE WILSON MEMORIAL TRUST {LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The TTUStees, who are aL%o the Directors of The Wilson MemorÈal Trust for the purpose of company law, are responsible for preparing the Trustees, Report incorporating the Directorfs Rep)rt) and the accx)unts in accordance with applicable law and Unitéd ifjngdom Accounting Standards {United Kingdom Generally Ac£epted Accounting Practice). Company law requires th$ Truslees to prepare accounts for each finanaal year which give a true and lair view of th slate of affairs of the Charity and of thè incoming resources and applicalion of resources, including the in¢ome and expenditure, of the Charitab company for that year. In preparing these accounts. the Trustees arè required to: select Suitab accounting poliaes and thgn aY them consistenty; observe the method5 and principtes in the Charities SORP; make judgements and estimates that are reasonable and prudent: state whether applicable UK accounting siandards have been followed, subiect to any mat8rial dèpartures disdosed and explained in the financial statements- and prepare the aecounls on the going conrn basis unless it is inappropriate to presume that the Charity will continue in operaton. The TTUStees are responsible for keeping proper accounting records that disclose with reasonable accuraw at any I'me the financial position of the Chartty gnd to enable Ihern to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the groLtp and hènc• taking reasonabk steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenare and integrity of the Cofporale and financial infomation induded on the charitable company's website. Legislation in the United Kingdom goveming the prep3rakn.on and dissernination of financial siatemenls may differfrom legislation in otherjurÈsdicts'ons.
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) INDEPENDENT LXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2025 I report to tha trustees on my examination of the accounts of the Wlson Memorial Tnjst (the Trust) for the year ended 31 March 2025. I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 6 to 12. Respon51bllltles and basls of report As the charity's trustees of the Company (arKI also ts directors for the purpos8s of company law) you aré rèsponsible for the preparation of the accounts in accordance ¥th Ihè requirements of the Companies Acl 201A ('the 2006 ACV). Having satisfied myselF Ihat the accoun15 of Company are not rg4uired to b8 audited under Part 16 of thè 2006 Act and are eligible for independent axaminalion. I report in respect of my examination of your than5 accounts as carned out under section 145 of the Charities Ad 2011 I'the 2011 Act,). In carrying out my examination I have followed the Dirgclions given by the Charity C¢JmrnIssn under secb.on 145(5)(b} of Ihe 2011 ACL Independent examinevs statement I have ¢ompleted my examination. I confimi that no matters have corne to my attention in connection with the examination giving me cause to believe". accounling records were not kept in r8gp8Ct of the Company as Aquirgd by section 386 of the 2006 ACL or 2. the accounts do not aceord with those records" or 3. th8 accounts do not comply with thé a(Lounting requirements of section 396 of Ihe 2006 Act other than any requirement that the ac£oun15 give a 'lrue and fair view which is not a mattèr considered as part of an independent examination", or 4. the accounts have not been prepared in aceA>rdance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. I hav8 na concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be r8ached. rcGj Mark Cummlns FCCA FCIE on behalf of TC Group The Courtyard Shoreham Road Upper Beeding Steyning Wesl Suss8x BN44 3TN +L
THE WILSON MEMORIAL TRUST (LIMITED BY GUARArEE> STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Totsl 2025 Total 2024 Income from: Investrnents 53.329 56.573 Totsl income 53.329 56,573 Expendltur& on: Raising funds Investment management cts 17.599 17.421 Charitable actfvltles Grant making acttvitiés 151.192 96,208 Oper*ionaS costs 4,148 2,818 Total expèndlture 172,939 116,447 Other r¢cognised gains and lossgs Gainl{loss) on investment assets 10 1100.816> 61,238 Net incomellexpenditure) (220,426) Fund balance¥ at 1 April 2024 1025,738 2.024,374 Fund balantès at 31 March 2025 1.805.312 2,025,738 All of th8 fund¥ are unrestricted. The Statement of Financial Actities also complies wth the r8quirements for an income arvj expenditure accounts under the Companies Act 21J06. All ath"vities are dassified as continuing. There are no recognised gains or losses OT than those reported on the Statement of Financial Activities.
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Fixed assets Investments 10 1.785.673 1,999,448 Current assets Debtors 11 771 725 Cash al bank and in hand 131.868 33,385 131639 34.110 Cr9ditor8: amounts falling due within one yoar 12 7.820 Net current aets 19.639 26,290 Total assèts lass currènt liabilities 1,805.312 2,025,738 Net assets 1.805.312 2,025.738 Income funds UnrestTiCted funds 1,805.312 2,025,738 These financial statements have been prepared in accordance with the sp8ual provisions of Part 15 of the Companies Act r8lating to small companies and constitute the annual acc¢)unts required by the Companies Act 2006 and are for circulation to members of the company. For the ye8r ending 31 Mareh 2025 the company was entitled to exemption from aLKlit under section 477 of thè Companies Act 2006 relating to small companies. The rneMbe have not required the company to obtain an audil in accordanee with section 476 01 the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act wth respect to acojunting records and for the preparation of accounts. These ac¢ounls have been prepared in ¥cordance with the provisions applicable to companies subject to the small compartie5 regime. The accounts wete approved by the Bo?rd on N Mrsimon James Robinson- Chairmaft Ttee Company Règistration No. 04168010
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) NOTES TO THE AcCourS FOR THE YEAR ENDED 31 MARCH 2025 Legal status of charitable company The Wilson Memorial Trust is a charitsble rompany, limikd by guarantse. registered in England and Wales. Th8 charitsble company's registered number and gIStered office address be found in the trustees. report. In the event of the charity being wound up, the liability in rEspeGI of the guarantee is limited to £1 per member of the chanty. Accounting policies 2.1 Basis of preparatlon The a¢counts have keen preparEd accordance with Accounting and Reporting by Charitieg.. Statement of Recomméndéd Practits applicable to charibes preparing their accounts in accordance with the Finanaal Reporting Slandard applicable in the UK and Republic of Ireland {FRS1021 (Charities SORP {FRS10211. The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102} and the Companies Act 2006. The Wilson Memorial Trust meets the definition of a public benefrt entity under FRS102. Assets and liabilitiés ar8 initially recognised at hk8lorical cost or Iransaclion value unless otherwise ¥tsted in the relevanl accounling policy notèg. Th8re ar8 no material uncertainties about The Vmlson Memorial Trusys ability to continue as a going concem. The financial statements are prepared in sterfing.. which is the fvnctional currency ofthe thaiity. Monetary amounts in th&se financial ststements are rounded to the nearest pound. 2.2 Income Investment income is accounted for on an accruals basis. All other income is cOgnised when the Charity become¥ entitled to it, it can be measured and it 15 probable the income will be received. 2.3 Expendlture Costs are included in thè Statement of Financial Activitses on an accruals basis indusNe of irrecoverable VAT. AII costs are allocaled beiween expenditure categories and departments on a basis designed to refl@ct the use of th8 resource. Costs relatsng to a Partilar acttvity are allocated direcuy, whilst all olhers are apportioned on an appropriate basis. Support costs are incurred to support income generation and governance. together with the cost of management and administration. Grants payable are charged in the year when the (rffer is conveyed to the recipienL Govemance costs linduded wthin support costs) wmprt3e those msts associated wilh meeting the constitutional and statutory r8quir&menls of the chanty and include independent examination fees and costs linked to the strategic management of the charity- 2.4 Investments Fixed asset investments are $late(l at fair value. Realis6d and wirealised gains and losses on inv8slments are dealt with in the Statement of Financial Activilies. 2.5 Accumulated funds General fvnds are unrestn'cted funds which are available for use at the discretion of the trustees in Jrtherance of the pneral objectives of the charity and which have rt been designated for any other purpose.
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounlng policies (continued) 2.6 Cash atbank and In hand Cash at bank and in hand includes cash and short temi highly liquid investments. The trustees seek to use short and medium le depostts where possible to maximÉse the retum on monies ld at the bank and to manage $h flow. 2.7 Crèditors and provlslons Creditors and provisions are r8cogni5ed where the charity has a present obligation resulting from a past event that will probably result in the transfer of fvnds to a third party and the amount due to 8ettle the obli9ation can be me¥¥ured or estimated reliabty- 18 Critical accounting estimaies and judgemgnts In the application of the charity's accounb.ng polictes. the Irustses are required to make judgèmènts, eskn'rnatés and assumptions about the carying amount of assets and liabilits.es that are not readily apparént from other sourcés. The estimates and as5oaated assumptions are based on historical e¥p8rienca and other factors that are considèréd to be relevant. Actual resutts may differ from these estimes. The estiwates and underfying assumptions ar& reviewed on an ongoing basis. Revision5 to accounting esliwn?tes are recognised in the period in which the estimat6 is rèvtsed. The trustees do not consider that there are any critical estimates or areas of judgement that need to be bmught to the attention of the readers of the financial statements. Income from investments 2025 2024 Dividends from listed investments Interest receivabl8 43,802 9,527 48,711 7,862 53,329 56,573 Expanditure Other costs Grani fvnding Totsl 2025 Total 2024 Ralslng funds Investrnent management costs 17.599 1799 17,421 Charltable activities Grant makin activitie Actiwties undertakn directly {note 5) Support costs {note 6} 151.192 151,192 4.148 ,208 2,818 4.143 Total 4.148 151.192 155,340 99.026 Total expenditure 21.747 151.192 172,939 116,447
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Grdntspayable 2025 2024 Grant making activities 151.192 96.208 Tre followng grants wèrè awarded to institutions during the year. 4Si hl Vision.. A grant of £3.790 to support $8rvieès to clients in the Steynin9 area. Ho s Wallow.. A grant of £1.000 to go towards structure for animals. Model Bike A grant of £7,270 to set up and rental of community bike shop. Penfold Chur A grant of £50,000 for structural répairs. PPG.. A grant of £4,500 for 3 magazinés. Southdowns Nurse A grant of £2,508 towards iPads and trAJikJing blocks. Ste nin eowls Club: A grant of £5.000 toward5 building a pétanque court a1 fenong. ste nin Medical Practice.. A grant of £2.994 to 4 Bedfont Nobrealh V2 FeNO monitor. ste nin Tennis Club.. A grant of £45,000 to repla the court surfaces. ste nin Town Football Club Under 8s: A grant of £380 for six seat all weather shelters. eedin Foolball Club.. A grant of £9.250 for new goal posis and a mcmier. rima School.. A yant ot £18,000 to build outdoor covering for early yea. Vinta A grant of £1,500 for parbal funding of their operations manager. No grants were made to individuals. 10
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Grants payabl8 Icontlnuéd) 2025 2024 Reconciliation of grants payable Commitments made in the year Grants paid during the year Commthènts at 1 April 2024 151,192 96.208 (49.422 (95,2081 4.000 5,000 Commitments at 31 March 2025 106.770 5.000 Commitmenls are payable as follows.. Within oneyear 106,770 5,000 106,770 5.000 Support costs 2025 2024 Administration costs 1,148 136 Govemance costs (note 71 3,000 2.882 4,148 2,818 Governance costs 2025 2024 Ind8pendenl examination fee5 3.000 2.682 3.000 2.682
THE WILSON MEMORIAL TRUST (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 8 Trusteos None of the trustees (or any persons connected ryth them) received any remuneration or èxpenditure reimbursements during 2025 (2024= none). 9 Employèes There were no employees during the year {2024'. none). 10 Fixed assét inveslrnents Fair value at 1 April 2024 Di3posals at opening t0k value Aquisitions at cost Change in value in the year 1,999N48 (415.1431 300,755 (99,2971 Falr valu& at 31 March 2025 1,785,763 Historical cost.. At 31 March 2025 1,823,630 At 31 M8rch 2024 1,936,382 Loss on investments of £100.816 {2024= gains of £61.238) in the Statement of Financial Ackn"vities comptise unrealised losses of £99,297 {2024'. gains of £55.677} and realised losses on investment disposals of £1.519 (2024 gains of £5.561). 11 Debtors 2025 2024 Prepayments 771 725 771 725 12 Creditor8: amounts falling due withln on• yr 2025 2024 Grants payable (note S) Accruals 106.770 5.000 6,230 2,820 113,000 7,820 13 Share capital and ¢ontrol The company is limited by guarantee and has no share capital. The charity is controlled by its trustees. -12-