Cliarily I'eqislratloi) IiuiiibÈi' 1110896 WOODCOCK CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
VVL)ODC.OCI< LHARI"fABL.L "fRUST I_.GAL AND ADMINISTRATIVE INFORMAfioN Ti'ustees M N WoocJcocl¢ S M Woodcock R J Waodpi)('.Ii A M Woudcock Charity i)umbei' 1110U96 Principal addre.s% 3 l_incoln's Inii fields Londo WC2A 3AA IndGP8nd6nt ex3mli)•Y CiliDen W&lls Charterecl A¢counlanis Devonshiro Hous8 1 Devon5h118 Stre81 London W1W50R Bankers C. Hoare & Co 37 Fleet Slreel London EC4P 4DQ
WOODCOCK CHARI'fABLE'fRUST CONTENTS Page Iiuslees, I'eport Independonl examlner's report Slalemenl of financial activities Statemenl of linandal posilion Notes to th8 financial st8temènls
VVOUDL'OCK LHARI I ARI_E -I-RUS'I TRUSTkES' REPORT roR fNE YEAR ENDED 5 APRIL 2023 Tl)e Irusl¥es pr¥ts¥nl Iheii. <?Dnual I'eporl aiid linancial slalenienls for the y*ar ¥iid¥d Jf A.11 2023. rinancial %lalempiil.4 ancl ('.ninply willi Iliv. ¢harily'. 'Irusl Uped, Ilip (;liaiilie£ Acl 2011 ciiid 'Ar¢rJuiiliiiLJ ciiid Izepoyliiig by Chai'iilos.. Slal8iiieiil of ReLiimiiieiid?d Pi'actlce applTrcable lo cl)rorilios i)ropI1'iiig the.ir clc¢oiinls in 8cc.oi'c5iince wqlh the 1-1111Lncial Repoilinfj Sli¢ lidaril ai)iJlic<iblE in Ilie UK icnd I<opLibli('. ul Irelaiid IFRS 102118ffeplivo 1 J8IIU8ry 20.191. Objcctives aiid acllvilies The Lliarity's obje¢ls rire lo Fiold Ilie c.apllal aiid incame of the Iriisl for or lowaids Lliarilable purposes, and Io i)IcJke donations lo buLh ¢l)arilable insliluliuns a5 dotermined by 11)e louiidei.. 11 Ilie loundor does nol give diiEclion as lo th. disposal of income g¥ne.raled iii 8 p81'1icular year. by af April in (he inconie lax y8ar lollubving Ilial in which income arises, thei) the tfU51eBs h8ve the disc.relion lo apply the income lowards cliarilable i)urposes and mal(e donalions to Eliarilable iiislilulions The policies adopted in lurtherance ol these objecls are lo make donalions 10 charilable iiisliliilions and there lias been no change in Ihese dLiring Ihe year. The IrLislees have paid due re98rd lo guidanc8 issugd by Ilie Chai'ity Commission in deciding w1181 acts'vilies ihe charily should underiake. Acliievemeiits and performance Th& ¢harliy donated monies to The Alexandra Wylie Tower Fovndalion £5.010 and £200.000 to The Egmont Trust during th8 yoar. inancial review Th8re was a surplus for the year of £44,8fjJ12022'. deficil of £1,660), willi relained lunds 01 £51,48412022.' £6.6691 81 the year end. Donations of £250,025 were received dunng Ihe year12022' £10,000). 11 is the wlicy ol Ihe charlly Ihal UnresIr1ed lunds whlch have not been design818d for a specific use shoLild be mainl4ined al a level equivalent to belween Ilir8e and six nionlh's expendituie. The Irusleas consider Ihal reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the ch2rily's curient activities while considaralion is given lo ways In whieh addition81 funds may be raised. Thls lev61 of reserv88 has been maiiilained throughout the year. Structure. governanoe and Inaiiagemant The chaiity was established by a charilable trust deed on 1 June 2005. The trustees who serv8d during the year and up lo the dale ol slgnalure of Ihe financial statements were.. M N Woodcock S M w(C0¢k R J Woodcoek A M Woodcod( The founder of th8 chaTily is M N Woodeock. The power of appointing new Iruslees is vested in the founder. The day lo day runnirvJ ol the Irusl is tnanaged by the Iruslees. The Iruslee5 have assessed Ilie major risks lo which Ihe charity is pxposed, and satisfied Ihal systems aro in place lo miligale exposure to the major risks. The Irusl8e5' report was approved by Ihe Board ol Trustees. M N Woodcock Trustee Date: ... 7/idlLS
WOODCOCK CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO T14E TRUSTEES OF WOODCOCK CHARITABLE TRUST I i-eporl to Ilie trLlSlee5 on my examiiialion ol Ihe liiiancial 51alemenls ol Woodcod( Chaiilable Trusl Ilhe rl)8rils'1 for Ihe yeai. ended 5 Api'il 2023. Responsibilities aii(I basis of report As Il'ie Iruslees of Ihe charity yoii arp responsible for Ilie. prepaicilion ol Ilie Iindiicial slaleinenl% in ac.c.ordance witli Ihe re(iuirtsn)ent8 ol the Charilios Act 2011 Illie 2011 ALI). I I'ei)orl iii I'esp@¢l of Imy ex8minalioii of the c.l)arily's liiiancial stalennIS cari'ied oul undei. seclion 115 of (he 2011 Acl. In carrying oul my exaininalioii I havo lollowed all Ihe applicable Directions given by Ilie Charity Comini.ssion under seclioii 14Jl5llbl ol the 2011 Act. Ii)dependent 8xamin8r's statemont Sliice Ihe. ¢h8ritys gross inconie gxceeded £250,000 your examii)er musl be 8 Inember ol a body list iii seclioi) 14J ol Ihe 2011 Act. I conlif17) that l am qualified lo undertake Ihe exaininc11ion because l am a member ol, wl)icli is one of Ihe listed bodies. Your allenlion 1$ drawn lo Ihe fael tliat th8 charily has pi'epared financial sialemenls iii accoi"danc& with Accounting and Reporting by Charilics preparing Ihcir accounts in accoirltsnce wilh Ihe Flnancl81 Reportlng Standard appllcable in Ihe UK and Republic ol Ireland {FRS 1021 in preference lo Ilie Accounling and Reporting by Charilie5. Slal&ment ol Recommended practi issued on 1 April 2005 which 15 referred lo in the extant regulations bul hes now been wlthdrawn. l under513nd that thi5 has been done in order lor linanciBI statements to proVe a Ii'iie and fair wew in accordan¢e with Geneially A¢¢epled AceoLJnlino Praetiee elleetlve lor reporting periods beginning on or after 1 January 2015. I have completed my exarnination. I confirm that no matters h8ve come 10 my altention in connection with the examination giving caus$ lo believe that in any material r&specl". ac¢ouniing records wefft not kept In respecl ol the charily as required by section 130 of the 2011 Act- or the linanaal slalements do not accord wilh those records.. or tlie financial slalemenls do not comply with the applicable requirements concerning th8 *oi'm arid content ol aceounls sel out in Ihe Charities (Accounts and Reports) Regulations 2008 other Ih8n any reqLJirement Ih8t the accouiils give a true and fair view which is nol a maller considered as parl ol an independent examinalion. I have no concerns and have corne across no olher malleis in connecllon wllh Ihè examination lo which atlenlion should be drawn in thi5 report in order lo enable 8 praper understanding ol the finanaal statemenls lo be reached. Use of this roport This report Is made solely lo the charitJls Iruslees, as a body. in 8ccordan¢e with Parl 4 of Iha Charltles (Accounts and Reports) Regulations 2008. My independent examinalion work has been undertaken so that I might slate lo the charitls trustees those matters l am required lo state lo tkiem in an independent oxaminevs report and for no other purw)sd. To the lullesl exleni permitted by law. I do not 8ceepl or assume responsibility lo anyone other than the charily'and the charily's trustees as a body. lor my independenl examination work . for this report, or for the opinions I h£ve formed. Citroen Wells J8fTTreS Berry Devonshire House l Davonshiie Slr8el London WIW SDR Dated..
WOC)DfocK L-14ARITABLE fRusr STAI"EWtENT OF FINANCIAL ACTIVITIES INCLUDING INCOMF AND EXPENDITURE ACCOUNT FC)R 7 HE YEAR FNDED 5 APRIL 2023 Unrestricted Unie.8ti'lGtpd flinds tuiids 2023 2022 Notes Doiialioris aiiol lecJacies Investineiils i 0,000 160 Total income 2Jfo.1115 10.000 endItl'e on- Charilatsle 8¢1ivities 20J,370 11,660 Nef It)eomellexpendlture} foy the yearl Net movement in funds 44,815 11.6601 Fund balances al 6 April 2022 6.669 8,329 Fujid balancès at 5 April 2023 51.484 6,669 The staternenl ol linaiid81 a¢tivilies Indudes all gair)s and losses recognised in the year. All incorne aiid expenditure derive Ironi conlinuing aclivilies.
WOODCOCK CHARITAFILL TRU%T STATEMENT OF FINANCIAL POSITION AS AT 5 APRIL 2023 2023 2022 Notes Current assets Cash al br211k dnd in hcll)d 51,484 Nel 1rrent assels 6,669 Income funds Unresliicled Iliiids 51,484 6,669 51.484 6,669 The finanoal slalemenls were approved by Ihe Trustees on 9/1o12J M N Woodcock Trustee M Woodcock Tyustee
WOODCOCK C14ARITA LF,. TRUST NOTES TO THE FINANCIAL STATEMENTS FOR 7"HE YEAR ENDED 5 APRIL 2023 Accountlng pollcies Wood¢o¢k Cliarilal)le-fiusl is a cl)ai-il(Ible Iru¥l willi an oljjeclive to liold tli8 capital arid income ol Ihe busl loi- oi. lowaiils tiliai'ilal)le pun)OSÉ%S. 1.1 Accounting coiiventioi) TlTrtr linancidl slalejnenls 118ve been pi'eyaied in accoi'dance willi Ihe clidl ily's Ti usl Dee(I, tlie Cliai'ilies Acl 2011, FRS 102 'TI)e finanaal Reportii)g Standard applicable in Ilie UK 12epLibliL of Irelai)d' l Fl4JQ -102.) and Iho Chai'ilies SOIIP 'Accounling and Repoi15ng by Chaiilies.. Slaiemenl of Recommendecl Praclice applicable lo cl)ai-ilies prei)ariny Ilieii. a¢c.ouiits in <lCCOI'fJance with Uie Findnci31 Re.poiting Standard applicable in Ihe Ul< and Republlc ol Ii'el£nd IFRJP 1021" lelfeclive 1 J8nu8ry 20.191. The r.hilrily is a Public Beiielil Enlily as deliiied by FRS 102. The charity has 11c l(èn advantage of Ihe provlslons In the SORP lor charities nol lo prepai'e a Slalemenl ol Ca51i Flows. The financial slalemenl% have dep31led from the Chafilies (Aeeounts and Reporlsl Regulalions 2008 01)ly lo the extent required lo provide a Irue and lair view. This depariuie has involved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather than Ihe version ol Ihe Staternenl of Recommended PrJclice whiph is referred lo in Ihg REgulalions bul which has since beeii witl)drawn. The financial slalèmenis are preparod in starling, which is the funclional eurreney of th8 charity Monetary amounts in Ihe5e linanLial 5taternenls are rounded to Ilie neai'esl £. The ftnancial s181emenlS have be8n prepared under Ihe hislorical cost convention. Th8 principal accounling polIGie5 adopted aro set out below. 1.2 Going concern At the lim6 of approving Ihe financi81 slalGmenls. Ihe Irustee5 have a reasonable èxpe¢lation Ihal the charily has adequale resolirces to continu¢ in operational exislence for the loi'eseeabl8 future. Thus the IrLEletrs contlnuo io adopt the going concgrll basis ol accounting in pi'eparing the tinancial statements. 1.3 Charltable funds Unrestricted funds are avaikble lor use al (he discrelion ol the Iruslees in furtheranc8 of their charitable objectives. Reslri¢led funds are subject lo Specific conditions by donors as to how they may be used. The purposes and uses ol the restricted funds are sel out In the notes lo Ihe finan¢i81 slalements. Endowment funds a Subject (o specific cond?lions by donors Ihal the capital must b6 m8intain8d by the charfly. 1.4 Income Incorne is reoognised whr&n the charily is legally entitled lo it aller any performance condltions hav8 b&8n met, thè amounts c8n bè measured reliably, and it is probable thal Income will be reived. Cash donalions are reGognlsed on receipt. Olh8r donations are reGognised once the charily has been notified ol the donation. unless ptrrfomance ¢ondlli(>ns require delerral ol the amount. Income lax recoverable In relalion to donations reLeived under Gifl Aid or deeds of covenant Is recognisea al the lime ol the donailon. Leoacle5 are recognls8d on r8C8lpl or oth8Nise if the charity has been notified ol an irnpending di51rtbulion. the amount 15 knoi¥n. and receipt is expected. 11 the amounl is not known, Ihe legacy is treated as a conlhgenl 8S8el.
WOODCOCK GHARI"I"ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Accounting poli¢ies Icontinuedl 1.5 IxpetiditiirÈ Ixpendiluie is reeogni ed once. Iliere. is a legal or conslrur.livo obligalion to IrnsIr economic beiie.fit lo a the obligalK>n cali be leaSl"ed reliafjly. rxpLJndilLIIE is Llassilied by aclivily The costs ol @ap.h LILtivily al'e Inade up ol the total ol direct cus15 and sl)ared costs. including siippoi'l costs involve(l in undertakin Jr 8aLh aclivily. Direcl cosls 2t11ibulae lo a single aclivily are allocalecl directly to Ihal a¢livily. Sliai'ed costs whicli coiilribu18 lo more than one aLlivily and suppai-l costs which are nol allribulable lo a single activity al'e <2pporlioned between Iliose activilics on a basis consislenl willi the use ol resources. Cenli'al slall cosls are 8llocal&d on Ilie basis ol lime spent. and depi'8cialion charges are allocated on Ilie portion ol Ihe asset's use. 1.6 Cash and cash equlvalents Cash and cash equivalpnls in¢lude cash in hand, deposits held al call wllh bank. BaslG fln2I?clal assets Basic lin¥ncial assels. which includè olher receivables and cash and b3nk balances, are inib'ally measui'ed al Iransaction price including transaction costs and are subsequently carried at amoriised ¢osi usino the erfeclive Interest melhod unless the ai'rangemenl conslllules a financing Iransactioii, where Ihe Iransaclioi) is measur'ed at Ilie present value ol Ihe fulure receipls discounted at a markel rale of interesl. Financial assels classified as receivable within one yèar are not amortised. Basic fNnancial liabililies Basic financial liabilities, includin9 olher payables arp inilially re¢ognised al transaction pi'ice uiiless the arrangement conslilules 8 financing transaclion, where the debt inslrumonl is measured 81 Ihe PTesenl value of the lulure payments discounted ol a m8rk81 r8t8 of interest. Financial liabilities classffisd a5 payable within one year are not atnotiised. Debt instruments are subsequently carried at amorlised cost, using the eff8Ctlv& Interest rate method. Trède payables are obligations lo pay for goods or services Ihat have b88n acqiiir8d in the ordinary course ol operations from suppliers. Amounts p8yable are cla55ilied as cun'enl liabilili8s if payment is due M4lhin one year or less. 11 not, Ihey are presented as non-eurrenl Ilabililies. Trade payables are I'ecognised inltially at transaction price and subsequently rneasuied at ainottised cost using the effe¢live interest rnethod. DereGDgnFtlon of Nnancial Ilabllltles Flnanual liabi1ilfes are derecoonised when the Gharily's conlr8clual OlgatIonS expire or are dis¢harged or cancelled. Donatlons and legacles Unrestrictèd Unrestricled funds runds 2023 2022 Donations and glfts 250,025 10,000
WOODCOCK CblARITAEILf TRUSI- NOTES I"0 THF FINANCIAL STATkMENTS {CONTINUEDI FOR T14E YEAR ENDED 5 APRIL 2023 Investrnents Uriroslrictpd fiinds 2023 2022 Inleiesl receivable 160 Cliaritahle aclivit1tt5 Total Fund5 Tolal Funcls 2023 2022 Grant funding of aclivilies (see nole 51 Share ol governance costs Isev note 61 205,010 360 1fj.300 360 205,370 11.660 Grants payablL Total Funds To181 Funds 2023 2022 Grants lo inslituiions.. The Alexandra Wylie Tower Foundation Roy C8slle Lung Caiicer Founrjalion Hail & ISC Fundra The Egmonl Tru51 5,010 10,000 1,000 300 200.000 205,010 11,300 Support costs Support Governance 05ts costs 2023Support costs Governance costs 2022 Bank Charges 360 360 380 360 Analysed belween Charilble aclivilies 360 360 360 360
woor.)¢OeK CHARITABLE. fk<UST NOTES TO THF FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Trustees Noi)e ol 11)e lruslv.es lor ¢iny pérsons cor)i)etileLJ wilh 11)owl i-*coivod dl)y IEniun&ralioii ui. LlLiigli. Ii'oin Ilie cliai-ily during the y&ai'. Employees Tli@re wei'e no e.Inployees diiring the. ye¢l112022'. nill. R8lÈt6(J payty transactlons Duiiiig the year. 8 don81ion of £250,000 12022.. E10.1)001 was received IIDM the one ol the Iriislee8, S Woodcocli.