Annesley (CLW) Trust Accounts and Trustees, Report for the year ended 5 April 2022 HSP Tax & Accounts Ltd Unit F, Whiteacres Cambridge Road Whetstone Leicestershire LE8 6ZG Annesley (CLW) Trust Index to accounts dated 5 April 2022 Page {s) Trustees, Report Independent Examiner's Report Statem¢nt of Financial Activities Balance Sheet Notes to the accounts Page I Annesley (CLW) Trust Report of the trustees for the year ended 5 April 2022 The trust was createo by the Will of Christopher Lewis Wykes who died on 20 April 1985. It is registered as a charity under Charity Commission reference number 1114065. The principal registered address is- Whitcwings 3 Southmeads Road Oadby Leiceslcr LE2 2LR The trustees at the date of this report, both of whom have held office throughout the year, aTe- Mrs Elizabeth Margaret Evans Dr David Lewis Wykcs The power of appointment of new trnstees is vested in the present tNslees. The tTUStees' agents aTe.' Bankers.. CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesi Malling Kent ME19 4JQ Solicitors.. Shakespeare Martin¢au LLP Two Colton Square Leicester LEI IQH Accountants.. HSP Tax & Accounts Ltd Unit F, Whiteacres Whetstone Leicestershire LE8 6ZG Stockbrokers- Charlcs Stanley & Co. Limited Mercury Place St GeoTge Street Leicester LEI IQG Independent examiner.. T D Fowler, FCA Unit F, Whiteacres Whelstone Leicestershire LE8 6ZG Page 2 Annesley (CLW) Trust Report of the trustees for the year ended 5 April 2022 (continued) Objective$ and organisation: The object of the tnjsl is lo distribute income andlor capital for charitable purposes or to charitable institutions as the trustees may in their absolute discretion from time to time determine. The income of the trust is derived from ils investments and from ￿ndS on deposit. The tnJstec5 meet regularly to consider appeals for financial assistance and agree the amounts to bc donated in each ease. There have been no changes during the year to the objectives of the twst or to the policies adopted in ordeT to achieve those objectives. Investment powers: The t￿SteeS have unrestricted powers of investment. Review of the year: Accounts for the year ended 5 April 2022 are attached to this report. The trustees confirn] ihat the accounts comply with Cur￿nt statutory Tequirements and witli the te]ms of the testator's Will. During the year the trnstees received gross income of £40,790 from inveslrnents and cash deposits. Administration expenses amounted to £6,237. In accordance with the Trust objectives, 8 donations were made arnounting to £60,000. Th¢ market value at 5 April 2022 of assets less liabilities was £1,346,380. Coronavirus Pandemic: In the spring of 2020 there was an outbreak of Coronavirus which developed into a global pandemic. This has not impacted thc way thc charity works. The trust has absolute discretion in the distribution of grants and the trust has healthy rescrves. Thc trnstees are of the opinion that the tTUSt ib able to continue to fulfil its objeclives over the next 12 months. Page 3 Annesley (CLW) Trust Report of the trustees for the year ended 5 April 2022 (continued) Trustees, polieies: Reserves: The trustees do not consider that there is a need for a reserves policy as ihey m￿¢ donations to charitable putposes as and when funds are available. Inveslments.. The objective of inves1ment policy is to achieve a balance between capital growth and income. Risk managanent: The tNst is mainly invested in stocks and shares and the trustees do not consider theTe is a need for a risk management policy, apart from monitoring the perfonnance of the investment managers. Stydtement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England And Wales requires the TTr￿teeS to prepare f￿anCIal statements for each financial year which give a trne and fair view of the state of affaiTS of the charity and of the incorning resources and application of resouTces of the Charity for that period. In preparing ihese financial statements, the Trustees are r¢quired to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prndent. state whether applicable accounting standards have been followed, subject to any materia departures that must be disclosed and explained in the financial statements" and Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in op¢ration. The Trustees are responsible for keeping sufficient accounting records which disclose with Teasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the Charity's Constitution. They are also responsible for s&feguarding the assets of the Charity and hence for taking reasonable steps for the PTevention and delection of fraud and other irregularities. Mrs Elizabeth MargaT¢t Evans Trustee Date 27 November 2022 Page 4 Annesley (CLW) Trust Independent Examiner's Report to the Trustees of the Annesley (CLW) Trust I report to the Irustee5 on my examination of the acwunts of the Trust for the year ended 5 April 2022, which are set oul on pages 5 to 8. Responsibilities and basis of report As trustees of the charily you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act). F report in respect of my examination of the ¢harity's accounts carried out under section 145 of the 2011 Act. In carrying out my examinalion I have followed all the applicable Direetions given by the Charity Commission under section 145(5}(b) of th¢ 2011 Act. Independent examiner's statement I have completed my examination. I confm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records w￿e not kept in respect of the ¢harity as required by Section 130 of the 2011 A¢t' or the accounts do not accord with those records. or the accounts do not ¢ornply with the applicable requirements concerning the fom] 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. I have no concerns and have come across no other rnatters in connection with the examination to which atteThtion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. T D Fowler BA FCA Unit F, Whitea¢res Whetstone Leicestershire Date 28 November 2022 LE8 6ZG Annesley (CLW) Trust Page 5 Statement of Financial Activities for the year ended S April 2022 Unrestricted funds 2022 2021 Note Jncome gnd expenditure: Incoming Tesourees.. Investment Income Deposit and other interest 40,787 45,612 27 Total incoming resouTces 40,790 45,639 Resources expended- Donations Administration expenses 6&2 60,000 6,237 65,000 5,737 Total resources expended 66,237 70,737 Net (outgoing)/ incoming resources for the year (25,447) (25.098) Other recognised gains and losses Gainsl(losses) on investments Realised UnreaIised 96,590 277.079 Net movement in funds 71,143 251.981 Balance brought forward at 6 April 2021 1,275.237 1,023,256 Balance carried forward at 5 April 2022 £1,346,380 £1,275,237 The notes on pages 7 and 8 fonn part of these accounts Annesley (CLW) Trust Page 6 Balance Sheet at 5 April 2022 2022 2021 Note Fixed assets: Investments 4&2 1,334,416 1,237.826 Current assets: Bank balances Stockbrokeis, client account balances ii,ooi 1,833 35,990 2,306 12,834 38,296 Current liabilities.. Creditors falling due within one year 870 885 Net current assets 11,964 37,411 Net assets". £1.346,380 £1,275,237 Funds: Unrestricted £1.346,380 £1,275.237 Approved by the trustees on 27 November 2022 and signed on their behalf by Mrs Elizabeth Margaret Evans Trustee The notes on pages 7 and 8 forni part of these accounts Annesley (CLW) Trust Page 7 Notes to the accounts for the year ended 5 April 2022 All funds held during the period are unrestricted and available for the geneial purposes of the Trust Basis of preparation The financial statements have been prepared in accordance with the Charities Act 2011 and Accounting and ReportiT)g by Charities.. Statement of Recommended Practice applicable to charilies preparing Ihetr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelaT]d (FRS 102) (as amended for accounting periods commencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I nol to prepare a Statement of Cash Flows. The trustees consider that there are no material uncertainties about the ability to ¢ontinue as a going concern. Aecounting policies: a} Income from investments and interest on deposits are included in the accounts when Credited OT due to be received. b) Administration expenses are dealt with on an accruals basis. c) Donations and grants for charitable purposes aTe included when paid. d) Investments are shown at their rnarket values Management and gdmfinistration of the charity 2022 2021 Stockbrokers, charges Bank charges Accountancy fees paid to the Independent Examiner 5,266 101 4,797 70 870 870 6,237 5,737 No trustees received Temuneration for the the year ended 5 April 2022 or 5 April 2021. Annesley (CLW) Trust Page 8 Notes to the accounts for the year ended 5 April 2022 (continued) Fixed asset investments.. 2022 2021 Listed investments- Market value at 6 April 2021 Additions Disposals - proceeds realised gainsl(losses) Net unrealised gains/(losses) 1,237,826 960,747 96,590 277,079 Market valiie at 5 April 2022 1,334,416 1,237,826 Historical cost at 5 April 2022 735,517 735,517 Liabilities - amounts falling due within one year: Creditors for professional fees Other creditors 870 870 15 870 885 Donations: British Red Cross Crisis Dr Williarn's Library Great Meeting Unitarian Chapel, Leicester Inquirer Publishing Company Leicestershire & Rutland Masonic Festival The Prince's Trust Trussell Trust 22,500 7,500 15,000 12,000 1,000 2,000 15,000 10,000 20,000 10,000 i 0,000 £60,000 £65,000 There were no outstanding commitments at 5 April 2022 Annesley (CLW) Trust Accounts and Trustees, Report for the year ended 5 April 2022 HSP Tax & Accounts Ltd Unit F, Whiteaeres Cambridge Road Whetstone Leicestershir¢ LE8 6ZG Annesley (CLW) Trust Index to a¢¢ounts dated S April 2022 Page (s) Trustees, Report Independent Examiner's Report Statement of Financial Activlties Balance Sheet Notes to the accounts Investments 9-13 Income from investments 14-15 Page I Annesley (CLW) Trust Report of the trustees for the year ended 5 April 2022 The tmst was created by the Will of Cl)ristopher Lewis Wykes who died on 20 April 1985. It is registered as a Charity under Charity Cornmission reference number 1114065. The principal registered address is: Whitewings 3 Southmeads Road Oadby Leicester LE2 2LR The trnstees at the date of this report, both of whom have held office throughout the year, are: Mrs Elizabeth MArgaret Evans Dr David Lewis Wykes The power of appointment of new trustees is vested in the present trnstees. The trustees, agents are". Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solicitors: Shakespeare Martineau LLP Two Colton Square Leicester LEI IQH Accountants: HSP Tax & A¢￿untS Lid Unit F, Whiteacres Whetstone Leicestershire LE8 6ZG StockbTokers: Charles Stanley & Co. Limited Mercury Place St George Street Leicester LEI IQG Independent examineT: T D Fowler, FCA Unit F. Whiteacres Whetstone LeicesteT8hire LE8 6ZG Page 2 Annesley (CLW) Trust Report of the trustees for the year ended 5 April 2022 (continued) Objectives and orgydnisation: The object of the trust is to distribute inconle and/or capital for charitable pU￿oSeS or to charilable institutions as the trustees may in their absolute discretion from time w time detern]ine. The income of the trust is derived from its investments and from funds on deposit. The tmstees meet regularly to consider appeals for fmancial assistance and agree the grnounts to be donated in each case. There have been no changes during the year to the objectives of the In￿t or to tbe poli¢i¢s adopted in order to achieve those objectives. Investment powers: The trustees have unrestTiCted powers of investment. Review of the year: Accounts for the Ye￿ ended 5 April 2022 are attached to this report. The trustees confm that th¢ accounls Gomply with cumt statutory requirements and with the terms of the testator's Will. During the year the trllstees received gross income of £40,790 fmm investh]ents and cash deposits. Administration expenses amounted to £6.237. In a¢¢ordance with the Trust objectives, 8 donations were made amoLLllting to £60,000. The market value at 5 April 2022 of assets less liabilities was £1,346,380. Coronavirus Pandemic: In the spring of 2020 there was an outbreak of Coronavirus which developed into a global pandemic. This has not impacted the way ihe charity works. The trust has absolute discretion in the distribution of grants and the tn￿t has bealthy reserves. The trnslees are of the opinion that the tNst is able to continue to ￿lfIl its objectives over the next 12 months. Page 3 Annesley (CLW) Trust Report of the trnstees for the year ended 5 April 2022 (continued) Trustees, policies". Reserves: The trnstees do not consider that there is a need for a reserves policy as they make donatlOUS to charitable purposes as and when funds are available. Investments: The objective of investment policy is to achieve a balance bctween capital growth and income. Risk management.. The twst is rnainly invested in stocks and shares and the trustees do not onsiderthere is a need for a risk management policy, apart from monitoring the perfomlance of the investrnent managers. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicablc law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wal¢s requires the Trustees to prepare financial statements for each financial year whieh give a trne and fair view of the state of affairs of the charity and of the incoming resources and application of Tesources of the Charity for that period. In preparlng these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. rnake judgements and estimates that are Teasonable aThd prudent. state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the finaDcial statements; and prepare the fjnancial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The TTUStees are responsible for keeping sufficient accounting records which disclose with reasonablc a¢¢uracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the Charity's ConstI￿tion. Th¢y are also responsible for safeguarding the assets of the Charity and hence for taking Te2sonable steps for the prevention and detection of fraud and other I￿egularitIeS. Mrs Elizabeth MaTgaTet Evans Trustee Date 27 November 2022 Page 4 Annesley (CLW) Trust Independent Examiner's Report to the Trustees of the Annesley (CLW) Trust I report to the trustees on my examination of the accounts of the Trust for the year ended 5 April 2022, which are Set out on pages 5 to 8. Responsibilities and basis of report As trustees of the charity YOU aTe responsible for the preparation of thc accounts in 2¢COTdance wilh the requirements of the Charitiès Act 2011 (the 2011 Act). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act. In carrying out rny examination I have followed all the applicable Direction5 given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examinatioll giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by Section 130 of th¢ 2011 Act. or the accounts do not accord with those records. or the accounts do nol comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiTement that the a¢counts give a truc 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 be drawn in this report in order to enable a proper understanding of the accounts lo be reached. T D Fowler BA FCA Unit F, l&Thiteacres Whetstone LcicestCTbhir¢ Date 28 November 2022 LE8 6ZG Annesley (CLW) Trust Page 6 Balance Sheet at 5 April 2022 2022 2021 Note Fixed assets: Investments 4&2 1,334,416 1,237,826 Current assets.. Bank balances Stockbrokers, client account balances 11,001 1.833 35,990 2,306 12,834 38,296 Current liabilities: Creditors falling due within one year 870 885 Net current assets 11,964 37,411 Net assets: £1,346,380 £1,275,237 Funds: Unrestricted £1,346,380 £1,275,237 Approved by the trnste¢s on 27 November 2022 and signed on their behalf by Mrs Elizabeth Margaret Evans Trustee The notes on pages 7 and 8 form part of these accounts Annesley (CLW) Trust Page 7 Notes to the accounts for the year ended 5 April 2022 All funds held during the period are unrestricted and available for the seneral purposes of the Trust Basis of preparation The financial statements have be¢n Prepared in accordance with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in ae¢oTdance with the Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amend¢d for accounting periods commencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The trnstees considcr that there are no material uncertainties about the ability to ontinue as a going concern. Accounting policies". a) Income from investments and Rnterest on d¢posits are included in the ac¢ounts when credited or due to be Teceived. b) Administration expenses ar¢ dealt with on an accruals basis. c) Donations and grants for charitable purposes are included when paid. d) Investments are shown at their market values Management and administration of the chv4rity 2022 2021 Stockbrokers, charges Bank chaTges Accountancy fees paid to the Independent Exarniner 5,266 ioi 4,797 70 870 870 6,237 5,737 No trust¢es received remuneration for the the year ended 5 April 2022 or 5 April 2021. Annesley (CLW) Trust Page 8 Notes to the accounts for the year ended 5 April 2022 (continued) Fixed asset investments: 2022 2021 Listed investments: Market value at 6 April 2021 Additions Disposals - proceeds - realised gainsl(losses) Net unrealised gainsl(losses) 1,237.826 960,747 96,590 277,079 Market value at 5 April 2022 1,334,416 1,237.826 Historical cost at 5 April 2022 735,517 735,517 Liabilities - amounts falling due within one year: Creditors for professional fees Other creditors 870 870 15 870 885 Donations: British Red Cross Crisis Dr William's Library Great Meeting Unitarian Chapel, Leicester Inquirer Publishing Company Leic¢stershiTe & Rutland Masonic Festival The Prince's Trnst Trussell Trust 22.500 7,500 15,000 12,000 1,000 2,000 15,000 10,000 20,000 i 0,000 i 0,000 £60,000 £65,000 . There were no outstanding commitments at 5 April 2022 pt Annesley (CLW) Trust Page 14 Income from investments - year ended 5 April 2022 2022 2021 Unfit trust interest (gross): Liontrust Henderson Preference & Bond Fund Henderson Strategi¢ Bond Henderson Fixed Interest 969 461 753 1,432 1,051 2,271 864 3.615 4,186 Overseas Interest: Royal London Sterling Extra Yield Bond Fund 2,972 2,880 2,972 2,880 Property ineome distributions (gross): Land Securities Group Standard Life Investsnent Property thcome Trust 1,728 1,532 1,270 1,258 3,260 2,528 Unit trust dividends: Artemis Fund Managers BNY Mellon Fund 1,161 1,249 1,188 1,281 2.410 2,469 Annesley (CLW) Trust Page 15 Income from investments - year ended 5 April 2022 2022 2021 UK eompany dividends: Barclays BP Experian GlaxoSmithKline Henderson HSBC Holdings J P Morgan AmeTican Investment Trust Lloyds Banking Group Reckitt Benckiser Group Smiths Group SSE Temple Bar Investment Trust Tesco Value & Income Trust Worldwide Healthcare Trust 338 1,770 1,058 1.600 ,324 955 639 489 1,458 264 2,759 543 1,445 2,502 912 56 2,230 1,102 1,600 1,252 616 1,458 245 2,701 530 12,126 2,422 1,013 18,056 27,351 Overseas dividends: Ferguson GCP Infrastructure Investments Veritas Global Eq Income 7,237 1,540 1,697 3,663 1,639 896 10,474 6,198 TOTAL £40,787 £45,612 DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C 27-11-22 | 18:21:03 GMT DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C 28-11-22 | 09:49:38 GMT DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C 27-11-22 | 18:21:03 GMT DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C DocuSign Envelope ID: A02D1E3C-6C3C-49BF-A99A-228590320F9C