REGISTERED CHARITY NUMBER: 1113328 Re rt of the Trustees and Unaudlt8d Flnanclal Statemènts for the Year Ended 6 A rll 2 24 he Veronlca Awd Charltablo Tru Monahans Chartered Accountants Hemes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
The Veronica Awd Charitable Trust Contents of the Financlal Ststements for the Year Ended 5 A ril 2024 Page Report of thfr Trustses Independent Examlnerf8 Report Statement of Fln•ncl•l Acllvltle8 8alan¢é Sho&t Noto8 to the Flnanclal Ststsmonts 7 to 13
The Veronica Awd Charltable Trust ort of the Trustee$ for the Year Ended 5 A rf12024 The trustees present their report with the financial slatemenls of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES The trnst's objects are slated in wide terms and are the pursuit of charitable purposes which are exclusively charitable according to the law of England and Wale8. In practice the trust pursues these objects by making donations to individuals, to broaden their educational experientss, and to other tharilable organisations, particularly performing arts organisalions. The trustees have referred lo the guidance contained in the Charity Commission's general guidan* on public benefit when reviewing the trusts aims and objectives and in planning and settling their Grant Making Policy. As ststèd on the trust's webpage, it has a particular inlerest in broadening educational experiences for young people Iwilh priority given to adventurous and musical activities by those resident within a 25-mile radius of Newton Abbot in Devon) and the support of heritage railway projects. The trust has a policy of not making grants for first degree COUTses but will consider applications for grants towards the costs arising from masters degrees. The availability of grants for individuals is advertised on the trust's webpage. For individual applicants, an appllcatlon form (available on the trust's webpagel must be completed and sent to the trust by e-mail or by post. The form requires the provision of two referees and grants a not made until a satisfactory reference has been received. In accordance with the General Data Protection Regulation IIEU} 201616791, individual applicants are also required to complete and send a corssenl form (or parental consent form if the applicant is under the age of 161 consenting lo the trust processing and retaining their data in order lo consider the applicalion and, if suc8Sfij1, to make a grant. For non-charily organisalional applicant5, the trustees complete a questionnaire lo assess whether the applicant is a competent and reliable organisalion and whether a grant will further the trust's charitable purposes. Once a grant has been made, the trustees liaise with the applicant to confirm receipt and lo verify the application of the grant funds. GRANT MAKING POLICY Grants are considered by trustees on a biannual basig having regard to the trust's aimg, objectives and Investments and in accordan with the tTUSt's Grant Making Policy. When applications are successful, the trustees obtain satisfactory referen8 {in relation lo applications by individuals) and then lin relation to all applications) the Solicitors in conjunction wlh the trustees oryanise the making of the grants. A detailed register of applications and grants is maintalned by the trustee5. ACHIEVEMENT AND PERFORMANCE Charltable a¢tlvltl89 During the year lo 5 April 2024 the trust made donations lo individuals totalling £2,000 and lo other charilable organisation$ lolalling £67,821, thu8 granting overall donations of £69,821. Applications are consideffjd on a case-by-case basis and repeat applications will be considered. The Irust has received positive feedback from recipients as well as informallve updales from individuals who have undertaken a wide range of experiences in part funded by grants from the trust. The grants made to other charitable organisalions reflected the Injst's focus on the performing arts. The trust supports number of charitable organisations on an on90ing basis bul will also consider applications from org8ni98tion8 that il has not previously supported. As the trust's objects are wide. in principle all applicatlDns by registered Charities in England and Wales will be considered, although preference is given lo applications for support of spe¢ifi¢ projects in the areas previously mentioned as being within the trust's areas of interest. FINANCIAL REVIEW Investrnent pollcy and objectlves The trust has an Investment Policy and the Investrment Managers provide written reports reviewing investment perfoman against Rathbone5 Benchmark 4. Page 1
The Veronica Awd CharÉtable Trust ort of the Trustees for the Year Ended 5 A ril 2024 FINANCIAL REVIEW Reserve$ pollcy At 5 April 2024, total funds were £3,519,788. The total unrestricted funds caThied forward as at 5 April 2024, We £73,078, an increase against the previous finaneial year. The Iruslees aim to continue with the level of grants made during this and the preceding financial year. The trust has an expendable endowment fund of £3,446,710 available if required., however, the trust aims lo use only income eamed and any brought forward funds lo make grants. The trust does not fundraise and its income is comprised wholly of income arising on the trust's investment portfolio. That portfolio has been funded by gifts of expendable endowment from the trusf s founder, Mrs Veronica Chambers. The tru$Vs Inveslmefil Managers have discretSonary management over the trust's investmènt portfollo and are inslrucled to produce the best financial retum with an acpIable level of risk. The trusf s investment objective is to match or exceed the returns produced by its benchmark. Rathbones Benchmark 4, in any period under consideration. Thefe are no ethical constraints in place with regard to investrnent. The Investment Managers, report for the year to 5 April 2024 shows a Satisfactory performance in the current eeonomlc clSmate and the trustees feel that no changes lo the Investment strategy are required at present. FUTURE PLANS The trust plans to continue to make grants lo both IndNiduals and to other charitable organisations in Ilne wSlh its objectives. STRUCTURE, GOVERNANCE AND MANAGEMENT The trust is a registered charity number 1113328 and is consliluled under a trust deed dated 8 September 2005. The Irusl was established by Mrs Veronica Chambers by an initial gift of expendable endowment funds and has leived further gifts of expendable endowment from Mrs Chambers. The trust was established by Mrs Chambers in her maiden name in memory of her late father. New trustees are appointed by the existing trustees by way of 901vI10n passed at a special meeting as provided for under the 2005 trust deed. The trust deed provide8 for a minimum of three Iruslees at any lime. The trustees recruit new trustees having regard to the new trustees, knowledge, skill and previous experien. There is currently no formal induction or training for new trustees,. however, new Iruslees are provided with a copy of the trust deed, a copy of the minutes of the last trustees, meeting and a copy of the18St yeaff s annual report. All decisions made by th8 trustees are via a simple majority as sel out in the tru81 deed, with the chair having a casting vote. The Iruslees hold meetings lce a year to consider strategy, VIeW grant applications and view the trust'8 inveslmenls. The day-104ay administration of gfftnts and the pro$S1ng and handling of applications is carried out by the Irustees in conjunction wlh one of the trustees, In accordance with the trust's Conflict of Interests Policy, trustees are required to dis¢lose all ffj18vant, personal interests and to withdraw from any discussions or decisions where a conflict of interests arises or could potentially arlsè. No trustee remuneration is paid. The tnjsl holds personal data in SpeCt of all individual and organisation81 applicants fr)r the furthemnce of Its charitable purposes and is committed to protecting the freedoms and rights of such applicant5. The trust processes personal dala only where it has a 5awful basis for doing so and in accordance with the prin¢iple5 enumerated in the General Data Protection Regulation IIEUI 201616791. The trust has a Data Protection Policy and provides a prtvacy notice lo all applicants via the trust's webpage, The trusl has appointed one of the trustees as data protection officer with responsibility for overseeing the prOSSing of personal data in accordance with the ITUSt's legal obligations. R13k rnanagement The trustees have a duly to identify and review the risks to which the trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees act in line with their Risk Management Policy. The trustees have considered the main risks to which the trust is exposed and consider investment perforMaTr to constitute the Irusvs major risk. Investment performance is reviewed against benchmarks a year at each trustees, meeting, A report from the trust's Investment Managers is requested for consideration at each meeting. Page 2
The Veronica Awd Charltable Trust ort of the Trustees for the Year Ended 5 A ril 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1113328 Prindpal address Northgale House Northgate Street Devizes Wiltshlre SN10 1JX Trustees V Chambers C V Chambers R I Chambers M R Chambers A L Wansley Stock Independont Examlner James Gare FCA DChA Monahans Chartered Accountants Hernies House Firè Fly Avènu8 Swindon wiitshlre SN2 2GA Sollcltor8 Wansbroughs LLP Northgate House Northgata Street Devizes Wiltshirè SN10 1JX Investmant Managers Rathbone Inv8sim8nt Manag8ment Limited 10 Queen Square Bristol BS14NT Bank8r8 Lloyds Bank p5c 29 High Street Chlppenham Wiltshire SN15 3HA Approved by order of the board of trustees on ..... J 7... thYekLJ¥ 2024and signed on its behalf by: V Chambers - Trustee Page 3
Inde endent Examinerfs Re ort to the Trustees of The Veronica Awd Charitable Trust Independent examiner's report to the trustees of The Veronlca Awdry Charitabl8 Trust I report to the charity Iruslees on rny examination of the accounts of The Veronica Awdry Charitable Trust (the Trust) for the year ended 5 April 2024. Responslbllltles and basis of rgport As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordancE with the requirements of the Charities Act 2011 I'the Acl'l. I report in respect of my examination of the Trust's 8ccounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicab18 Directions given by the Charity Commission under Section 14515}Ibl of the Act. Independent examlner's statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl 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. I have no concerns and have come across no other matters in connection with the examination to which attention should bè drawn in this report in order lo enable a proper understanding of the accounts to be reached. Jameg Gare FCA DChA Monahans Chartered Accountant8 Hemies House Fire Fly Avenue Swndon Willshire SN2 2GA Daté.. Page 4
The Veronlca Awd Charitable Trust Statement of Flnanclal Actlvltles forthe Year Ended 5 A ril 2024 2024 Total funds 2023 Total funds Unrestricted fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Investment income 91,728 87,986 EXPENDITURE ON Raising funds 12,170 12,170 13,820 Charltable actlvltles Charitable Gran15 80.288 80.288 80,888 Totsl 80.288 92.458 94.708 Nel gainsl(lossesl on Inveslmenl8 104.654 104,654 1516891 NET INCOMEI(EXPENDITUREI 11,440 92,484 103,924 (158,4111 RECONCILIATION OF FUNDS Total funds brought foward 61,638 3,354,226 3,415,864 3,574,275 TOTAL FUNDS CARRIED FORWARD 3446 710 3.519,788 3415 864 The note$ form part of these financial statement5 Page 5
The Veronlca Awd Charitable Trust Balance Sheet 5 A rll 2024 2024 Total funds 2023 Total funds Unrestricted fund Endowment fund Notes FIXED ASSETS Investments 3.265,968 3,265,968 3.186,665 CURRENT ASSETS Cash at bank 77,947 182,408 260.355 237.612 CREDITORS Amounts falling due within onè yèar 10 (4.869) (1.666) (6,535) (8.413) NET CURRENT ASSETS 73.078 180 742 253.820 229.199 TOTAL ASSETS LESS CURRENT LIABILITIES 73,078 3,446.710 3,519,788 3,415,864 NET ASSETS 3.519.788 3,415,864 FUNDS Unrestricted funds Endowment fijnds 73,078 3 446,710 61,638 3,354 226 TOTAL FUNDS 3 519 788 3 415 864 Tha financlal sL9tements were approved by the Board ofTrustses and authorised for issue on .. and were 8lgned on ils behalf by: V Chambers - Trustee The notes form part of these financial statements Page 6
The Veronlca Awd Charltable Trust Notes to the Flnanclal Ststements for the Year Ended S A ri12024 GENERAL INFORMATION The Veronica Awdry Charitable Trust is an unincorporated charitable trust. The registered office address Can be found in the Trustees, Report. ACCOUNTING POLICIES Basis of preparlng the flnancial ststements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Ac¢ounling and Reporting by Charities,. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which aré included at market value, as modified by the revaluation of certain assets. The financial statements have been prepared to give a 'true and f8ir' vièw and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required ID provide a 'lrue and falr view,. Thig departure has involved following the A¢countin9 and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their aGGounl$ in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities., Statement of ReGommended Practice effective from 1 April 2005 which has since been withdrawn. The finanoial statements are prepared on a going concern basis, under the historical cost convention, modified to include certain items al fair value. The financial slalemen15 are prepared in sterling which is the functional currenGy of the charity and rounded lo the nearest pound. There are no significant ar8a3 of judgements or key sources of estimation uncertainty. The trustees congider that there are no material uncertainties about the Charity's ability to continue as a going concern. The chanly is an unincorporated trust consliluted by a trust deed. Income Ail income is recognised in the Statement of Finanaal Activities the tharity has entitlement to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the chanly,. thls is nomially upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of th8 investmenl portfolio. Expenditure Liabilities are recognised as expenditu as soon as there is a legal or conslruclive obligaliorTr committing the charity to that expenditure, it is probable that a IransfeT of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accru818 basis and has been classified under headings that aggregate all cost related to the category. Wheffj cost5 cannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent with the use of reSoUrs. Grants payable are payments made lo third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The nolification gives the reGipienl a reasonable expectation thal they will receive the grant. Provision5 for grants are made when the intention to make a grant has been communicated lo the recipient but there is uncertainly as to the liming of the grant or the amount of grant payable. The charity does not make mulli-year grants and all grants are unconditional. Taxation The charity is exempl fmm lax on ils chaTitable adivilies. Page 7 continued...
The Veronica Awd Charitsble Trust Notes to the Financial Statements - contlnued forthe Year Ended S A rll 2024 ACCOUNTING POLICIES . continued Fund accounting Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Reslricled funds can only be used for particular restricted purposes within the objectg of the charity. Restrictions arise vthen 8pecified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalLtre and purpose of each fund is included in the notes to the financial statements. Investments Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and sub8equenlly measured at their fair value as at the balan Sheet d81e using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire pul options, derivative8 or othèr eomplex financial instrument8. The maln fo of financial risk faced by the charity is that of volatility in equity markets and investment markels due to wider 8conornic conditions, the attitude of investors lo investment risk, and changes in sentlment concerning equities and within particular sectors or 8ub sectors. Reall8ed galn6 and 1088eg All gains and losses are taken to the Statement of Financlal Activities as they arise. Realis8d gains andlosgeg on inveslments are calculated as the differencE belween sales proceeds and their opening carrying value or their purchase value if aoquired subsequent lo the flrst day of the financial year. Unreali8ed gains and losseg are calculated as the differenc£ beeen the fair value al the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activilies. Debtor8 other debtors are recognised at the selllemenl amount due. Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid Invegtmenls with a short maturity of three months or less from the date of acquisition or opening of the deposit or Similar account. Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to sellle the obligation can ba measured or estimated lIablY. Creditors and provisions are normally CogniSed al their selllement amount after allowlng for any trade discounts du8. Flnanclal Instruments The charity only has financial assets and financial liabilities of a klnd that qualify as basic financlal Instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value, INVESTMENT INCOME 2024 2023 Dividends and interest 87,986 Page 8 Gontinued...
The Veronlca Awd ChariLible Trust Notes to the Flnancial Statements - Contlnued for the Year Ended S A ril 2024 RAISING FUNDS Investment management costs 2024 2023 Portfolio management 13.820 GRANTS PAYABLE 2024 2023 Charitable Grants 69.800 Page 9 continued...
The Veronlca Awd Charltable Trust Note$ to the Financlal Statements - continued for th¢ Year Ended S A ri12024 GRANTS PAYABLE - continued Grants paid to institutions.. 2024 2023 National Youth Choirs of Great Brrtain Shelter Sirona Therapeutic Horsemanship Exeter Cathedral School Brainwave Guide Dogs for the Blind As80cialion YMCA Exeter Exeter Northcott Theatre Resolve West Sevefn Valley Railway Charitable Trust National Youth Ghoirs Great Britain Read for Good Hearing Dogs for Deaf Peop18 Kings Care League of Friend8 Westbank Whizz-Kidz RNLI Cancer Research UK Devon Air Ambulance Trust Coram Grief Encounter South Wesl Brea¥t Cancer Now Carers, Trust Mission Aviation Fellow3hip 3H Fund National Ctrildren's Orchestra The Helen Foundation Farms for Clty Children Book Aid International Llstening Books Cheques written back Child Autism Bristol Old Vic and Theatre Royal Trust Ltd Awards for Young Musicians Réhearsal Orchestra Uplyme PCC Marie Curie Kings Norton PCC Ernneth and Marshland St Jarnes PCC South Devon Railway Elsworth NYMT Tatka Valley Railway Resolve West Live Music Now South West Go Beyond North Eastern Locomotive PreseNalion Group Welsh National Opera st Mary Magalene Church Kingsteignton PCC Corris Railway Society 750 1.000 2,C()O 10.000 1,000 1,500 2.000 5,000 1,C4JO 2,500 750 1,000 2,000 500 1,000 1,000 2,0 2,000 2,000 2,000 2,000 2,0 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 1500) 1,500 1,500 1,000 1,500 500 2,000 1,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2.000 2.000 2,000 2,000 2,500 2,500 1,500 1,500 700 1,000 2,000 2,000 2,000 2,000 410 1,000 1,000 1,000 2,000 1,000 2,000 1,711 2,000 1000 £67.821 £60,500 During the year grants were made to 3 individuals which amounted to £2,000. Page 10 continued...
The Veronlca Awd Charitable Trust Notes to the Flnancial Statements - ¢ontinued forthe Year Ended S A rll 2024 SUPPORT COSTS Govemance costs Management Totals Charitable Grants 8,828 1,639 10.467 Support costs, included in the above. are as follows: 2024 Charitable Grants 2023 Total activitses Administrative expenses Accountancy and independent examination 8,828 1,639 9.556 10,467 11,088 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustee8' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Tru$tse8' expan6•8 There were no trusts, expenses paSd for the year ended 5 April 2024 nor for the year ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES unstrICted fund Endowment fvnd Total funds INCOME AND ENDOWMENTS FROM Investment income 87,986 EXPENDITURE ON Raising lunds 13,820 13,820 Charitable actlvlties Charitable Grants 80 888 80,888 Total 80,888 Net gain511103se3) on inve8tments NET INCOMEI(EXPENDITURE) 7,098 1165,5091 1158,4111 RECONCILIATION OF FUNDS Total funds brought forward 54,540 3,519.735 3,574,275 TOTAL FUNDS CARRIED FORWARD 61.638 3 354,226 3415 864 Page11 continued...
The Veronica Awd Charltable Trust Note$ to Ihe Financlal Ststements - continued forthe Year Ended 5 A ril 2024 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 6 April 2023 Additions Disposals Revalualions 3,186.665 419,796 {445.1471 104.654 At 5 ApTtI 2024 3,265,968 NET BOOK VALUE At 5 April 2024 3.265.968 At 5 April 2023 3,186.665 There were no investment assets outside the UK. All Investments are carried at thelr fair value. Investment in equities and fixed interest securities are all traded in quoted public markets. Ail investments have been valued by Rathbone Investment Management Limited and are based on thé Bid Pri as at the Close of business on the valuation date. Asset salès and purchases are recognised at the date of Irade at cost Ilhat is their transaction value). The significance of financial instruments lo the ongoing financial sustainability of the Charity 1$ considered In Ihe financial review and investment policy and performan sections of Ihe Trustees, Annu81 Report. The main risk to the charity from financial instruments lies in the combination of unr£rtain invegtmenl markets and volatilily in yield. The charity 15 reliant on dividend yield in part to finance its work. Liquidity risk is antiapated to bp Inw all agqP.t8 ¥Jrft tr8dpd Thp. r.harily'A invft8lmentq are traded in markets wrth good liquidity and high trading volumes. The ch8rity has no investment holdings in markets subject to exchange controls or trading restrictions. The charlly manages these investmènt risks by retaining expert advlsors and operating an Investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stod< exchanges. The Trust does not make use of derivatives and similar complex financial instruments as il takès the vlew that inveslmènls are held for their longér lam yleld tol81 relum and historic studles of quoted finanrjal. 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 8,413 11. MOVEMENT IN FUNDS Net movement in funds At 5.4.24 Al 6.4.23 Unrestrlcted funds General fund 61.638 11,440 73,078 Endowment funds Endowmenl 3,354,226 92,484 3,446,710 TOTAL FUNDS 3,415.864 103,924 3.519,788 Page 12 continued...
The Veronlca Awd Charitable Trust Notes to the Financial Statements - continued forthe Year Ended 5 A ri12024 11. MOVEMENT IN FUNDS - ¢ontinued Net movement in fund$, included in the above are as follows.. Incoming reSoUS Resources expended Gains and losses Movement in fvnds Unrestrlcted funds General fund 91.728 180.2881 11,440 Endowment funds Endowment 112,1701 104,654 92,484 TOTAL FUNDS 91,728 92,4581 104 654 103.924 Comparatlves for movemont In fund8 Nel movement n fvnds Al 5.4.23 At 6.4.22 Unre8trlctsd fund• General fund 54,540 7,098 61,638 Endowrngnt fund8 Endowment 3,519,735 1165,5091 3,354,226 TOTAL FUNDS 3 574.275 158.4111 3.415,864 Comparative net movement in fund8, included in the above are as follows.. Incoming resour¢ Resources expended Gains and losses Movement n fund3 Unre8trlcted fund• General fund 87,986 180,8881 7,098 Endowment funds Endowment 113,8201 (151.689) 1165,5091 TOTAL FUNDS 87.986 94 708} 1516891 1584111 12. RELATED PARTY DISCLOSURES During the year the charity incurred fees of £8,828 12023 £9,539) from Wansbroughs LLP in respect of administrative services provided to the charity- At the balance sheet date £3,138 was payable and is included in other creditors. Anna Wensley Stock is a trustee of the charity and a partner at Wansbroughs LLP. There were no other related party transactions during the year nor the prior year. Page 13