Charlty registratlon numb&r: 1091626 G R WATERS CHARITABLE TRUST 2000 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 G R WATERS CHARITABLE TRUST 2000 CONTENTS Page Referen¢a and administrative detsils of the Charlty. Its Trustees and advisers Tru$tees' rgport Indgpendent examlner's report Statgmgnt of flnanclal actlvltles Balanco sheet Notes to the financial ststgments 8-17 G R WATERS CHARITABLE TRUST 2000 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021 Trustees M.A. Fenwick C.D. Organ Charity reglstered number 1091525 Règistered office 7 Melbray Mews 158 Hurlingham Road London SW6 3NS Independent examlner MHA Maclnlyre Hudson Chartered Accountants 2 London Wall Place London EC2Y SAU Bankers Coutts & Co 440 Strand London WC2R OQS Solicitors Russells Yalding House 152-156 Great Portla￿1 Street London W1W5QA Investm?nt advlsor Coulls & Co 440 Strand London WC2R OQS P￿e1 G R WATERS CHARITABLE TRUST 2000 TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2021 The Trustees present their annual report together with the financial statements of the Charity for the year 6 April 2020 to S April 2021. Objectives and actlvltles a. Purpose and objectives The G R Waters Charitable Trust 2000 is a granl-making Charity. Under the terms of the Declaration of Trust, the Tru51ees can apply ils funds for or towards such charitable purposes and to make donations lo such charitable inslilulion or inslilulions at such lime or limes and in such manner as the Trustees may, in Iheii absolute discretion, think fil. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Publi¢ benefit.. running a charity IPB21'. All activities have been undertaken to further the Charity's Purpose as per ils Declaration of Trust, and further its purposes for the public benefit. b. Main activities undgrtaken to further the Charlty's purposes for the publlc bgneflt The main activity undertaken by the Charity is that of granl-making. Grants are made lo those applicants which the Trustees consider appropriate. The Charity's grants made during the year have funded the regular activities ol various causes considered as worthy and justified in their action$ by the Trustees. These donations have prc)vided assistance with the provisK)n of continuing works surrounding humani18rian, religious. equality, animal and environmental issues. Achievements and performance a. Main achievements of the Charity During the year the Trustees resolved to make grants of £399,111 12020." £186,248), of which £15,00012020'. £19,1￿) were made lo individuals and £384.111 12020.. £167,052) were made lo inslilulions. further details of which can be found in Note 8 of the Financial Slalemenls. The Charity received donations of £35,03512020'. £48,808) during the year and investment income of £30,766 12020.. £39.568). Financial review a. Golng concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Chaiily has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 2 G R WATERS CHARITABLE TRUST 2000 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 2021 b. Resgrvgs policy The Trustees are of the opinion that the Charity's resetves 815 April 2021 are sufficient to meet 811 future commilmenls, and that their duties have been adequately performed during the year. Taking one year with another, the Trustees intend lo spend all income as it arises. The Trustees seek lo have sufficient capital from which can bè derived spendable funds of an amount which will enable the Trustees in real terms lo maintain indefinitely their present level of aclivilies. This policy is reviewed periodically by the Tiuslees as they see fil. The Charity's unrestricted funds totalled £1.184,794 as al 5 April 2021 {2020'. £1,302,225). c. Flnanclal review The income of the Charity is derived from investment income and donations received. The Trustees do not carry out any fund-raising. The investment income of the Charity during the year was £30,766 {2020'. £39,5681. The Trustees were satisfied that this represented a reasonable return on capital. In fixing the amount of funds available for ongoing activities and granl-giving, the policy of the Trustees is to make 9rants which broadly are commensurate with available income. However. they are from lime lo lime prepared lo make grants in excess of the income if there are realised gains or income surpluses from previous years. The grants made during the year lolalled £399,111 12D20.' £186,248). Support costs were £15,173 12020.. £13,228). Realised gains Irom disposal of investments were £185,28512020'. £11,711 bsses} and unrealised gains on investments were £53,61812020'. £225,296 losses). d. Invgstments policy Funds are invested in such a manner as the Trustees think fil in order lo provide an appropriate and balanced portfolio taking into account the requirements of the law relating lo the investment of charitable monies, and the inveslmenl policy of the Charity. The Trustees. investment powers stem from the Declaration of Trust. Thg TTuslees' investment policy is lo maximise the lotsl return on the investments of the Charity's funds in a mannof which involves the minimum of risk of loss lo the portfolio. The Trustees employ Investment Managers who work within guidelines18id down by the Trusteès. Page 3 G R WATERS CHARITABLE TRUST 2000 TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2021 Structure, governance and management a. Structure and constitution The G R Waters Charitable Trust 2000 was established under a Declaration of Trust dated 18 Decembgr 2000, and is registered with The Charity Commission under registration number 1091 $25. Over the years, Mr Waters. the donor lo the Charity, has assigned a portion of his royally income lo the Charity and intends to continue so doing. T¥uslees are appointed in accordance with the Declaration of TTUSt. The Trustees who served throughout the year are shown on page 1. b. Method5 of appointment or election of Trustees Future Tru81ees must bè appointed in writing by Mr Waters who shall not appoint himself or any other person who is a 'relaled or subordinate party. lo Mr Waters. The Trustees recruited musl have regard lo their respective aTeas of knowledge, skills and experience. All new Trustees are briefed fully on the affairs of the Charity before accepting appointment and musl sign a declaration ol willingness lo act as a Trustee of the Charity. The new Trustees then receive adequate training. commensurate to their new role, before taking up their position. c. Financial risk managemont The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related lo the operations and finances of the Charity, and are salislied that systems and procedures are in place to mitigate exposure lo the major risks. Appr rder of embers of he board of Trustees and signe on f by.. . Fenwlck slee D8le'.u t.￿1. LL C.D. Organ Trustee Page 4 G R WATERS CHARITABLE TRUST 2000 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2021 Independent examlner's report to the Trustees of G R Waters Charltsble Trust 20001.th CharSty'1 I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2021. Responslbllltles and basls of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wkh the requirements of the Charities Act 20111'lhe 2011 Acl'l. I report in rospecl ol my examination of the Charity's accounts ¢arried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity CoMmiss￿n under section 145151{bl of the 2011 Act. Independent examlner's statement Your allenlion is drawn lo the fact that th& Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalemenl of Recommended PraCt￿e ssued on 1 April 2005 which is referred lo in the exlanl regulations bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance wrth the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I conlimi that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Ad,. or the accounts do not accord with those fecords., or 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 'lrue and fair, view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other matters in eonnection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the acwunls lo be reached. Signed.. Dated.. 1410212022 Stuart McKay Bsc FCA DChA MHA Maclnlyre Hudson. Chartefed Accounlanls, 2 London Wall Place. London, EC2Y SAU Page 5 G R WATERS CHARITABLE TRUST 2000 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021 Unrestricted funds 2021 Total funds 2021 Total funds 2020 Note Income from: Donations Investments 36.035 30.766 35,035 30.766 48,808 39,568 Total Income 65.801 65.801 88,376 Expenditure on: Investment management costs Charitable activities 7,851 414,284 7,851 414,284 10,904 199,476 Totsl expendlture 422,135 422,135 210,380 Net expenditure before net gainslllossesl on investments Nel gainslllosses) on investments 13S6.3341 238.903 1356.3341 238,903 (122,004) (237,007) 10 Net movement in funds 1117.4311 1117.4311 (359,011) Reconclllatlon of fund$: Total funds brought forward Nel movement in funds 1,302,225 1117,4311 1,302,225 1117,4311 1,661,236 {359,011) Total funds carrigd forward 1,184,794 1,184,794 1.302.225 The Statement of linanci81 a¢tivilies includes all gains and losses recognised in the year. All income and expenditure dernfe from continuing aclivilies. In 2020, all income and expenditure was froml to unrestricted funds. The notes on pages 8 to 17 form part of these financial slalements. Page 6 G R WATERS CHARITABLE TRUST 2000 BALANCE SHEET AS AT 5 APRIL 2021 2021 2020 Note Fixed assets Investments 10 1.155,030 1.222.615 1,155,030 1.222.615 Current assets Debtors Cash al bank and in hand 14.636 29,741 36,234 71,488 44,377 107, 722 Creditors.. amounts falling due within one year 12 114,6131 (28, Iq2) Net current assets 29,764 79.610 Total net assets 1.184,794 1,302.225 Charlty funds Unrestricted funds 13 1.184,794 1,302,225 Total funds 1,184,794 1,302,225 The fina by: cia slalements were appr9