**REGISTERED CHARITY NUMBER: 1117637**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
## for
Thomas William Varley Roe Deceased
Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL
Thomas William Varley Roe Deceased
Contents of the Financial Statements for the Year Ended 31 December 2024
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 8|
|Detailed Statement of Financial Activities|9|
Thomas William Varley Roe Deceased
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objective of the trust is to make grants to the Whitby Literary and Philosophical Society in accordance with the will of Thomas William Varley Roe.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the trust made nine grants for projects which were approved by the trustees.
## **FINANCIAL REVIEW**
## **Reserves policy**
During the year the trust fund increased from £862,862 to £880,075
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1117637
## **Principal address**
C/o Asp Lodge Stainsacre Whitby North Yorkshire YO22 4LR
## **Trustees**
S B Morrisey Mrs M Watson C J Watson
## **Independent Examiner**
Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 1
Independent Examiner's Report to the Trustees of Thomas William Varley Roe Deceased
## **Independent examiner's report to the trustees of Thomas William Varley Roe Deceased**
I report to the charity trustees on my examination of the accounts of Thomas William Varley Roe Deceased (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
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 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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 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 be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip Burley & Co
Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL
Date: .............................................
Page 2
Thomas William Varley Roe Deceased
Statement of Financial Activities for the Year Ended 31 December 2024
|31.12.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Investment income
2
34,761
**EXPENDITURE ON**
**Charitable activities**
Grants to Whitby Literary and Philosophical
Society
16,992
Other
556
**Total**
17,548
**NET INCOME/(EXPENDITURE)**
17,213
**RECONCILIATION OF FUNDS**
Total funds brought forward
862,862
**TOTAL FUNDS CARRIED FORWARD**
880,075|31.12.23
Total
funds
£
12,052
45,300
559
45,859
(33,807)
896,669
862,862|
|---|---|
The notes form part of these financial statements
Page 3
Thomas William Varley Roe Deceased
Balance Sheet 31 December 2024
|31.12.24
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
880,652
**CREDITORS**
Amounts falling due within one year
5
(577)
**NET CURRENT ASSETS**
880,075
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
880,075
**NET ASSETS**
880,075
**FUNDS**
6
Unrestricted funds
880,075
**TOTAL FUNDS**
880,075|31.12.23
Total
funds
£
863,439
(577)
862,862
862,862
862,862
862,862
862,862|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
Thomas William Varley Roe Deceased
Notes to the Financial Statements for the Year Ended 31 December 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|Deposit account interest|30,258|7,903|
|Bank interest|4,503|4,149|
||34,761|12,052|
||||
Page 5
continued...
Thomas William Varley Roe Deceased Notes to the Financial Statements - continued for the Year Ended 31 December 2024
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Investment income
**EXPENDITURE ON**
**Charitable activities**
Grants to Whitby Literary and
Philosophical Society
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
At 1.1.24
£
**Unrestricted funds**
General fund - Thomas William Varley
Roe Will Trust
862,862
**TOTAL FUNDS**
862,862|Unrestricted
fund
£
12,052
45,300
559
45,859
(33,807)
896,669
862,862
31.12.24
31.12.23
£
£
577
577
Net
movement
At
in funds
31.12.24
£
£
17,213
880,075
17,213
880,075|
|---|---|
Page 6
continued...
Thomas William Varley Roe Deceased
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund - Thomas William Varley
Roe Will Trust
34,761
**TOTAL FUNDS**
34,761
**Comparatives for movement in funds**
At 1.1.23
£
**Unrestricted funds**
General fund - Thomas William Varley
Roe Will Trust
896,669
**TOTAL FUNDS**
896,669
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund - Thomas William Varley
Roe Will Trust
12,052
**TOTAL FUNDS**
12,052
A current year 12 months and prior year 12 months combined position is as
At 1.1.23
£
**Unrestricted funds**
General fund - Thomas William Varley
Roe Will Trust
896,669
**TOTAL FUNDS**
896,669|Resources
Movement
expended
in funds
£
£
(17,548)
17,213
(17,548)
17,213
Net
movement
At
in funds
31.12.23
£
£
(33,807)
862,862
(33,807)
862,862
Resources
Movement
expended
in funds
£
£
(45,859)
(33,807)
(45,859)
(33,807)
follows:
Net
movement
At
in funds
31.12.24
£
£
(16,594)
880,075
(16,594)
880,075|
|---|---|
Page 7
continued...
Thomas William Varley Roe Deceased
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
## **6. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund - Thomas William Varley||||
|Roe Will Trust|46,813|(63,407)|(16,594)|
|**TOTAL FUNDS**|46,813|(63,407)|(16,594)|
|||||
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 8
Thomas William Varley Roe Deceased
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2024|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Deposit account interest|30,258|7,903|
|Bank interest|4,503|4,149|
||34,761|12,052|
|**Total incoming resources**|34,761|12,052|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants to institutions|16,992|45,300|
|**Support costs**|||
|**Governance costs**|||
|Bank charges|82|85|
|Accountancy|474|474|
||556|559|
|Total resources expended|17,548|45,859|
|**Net income/(expenditure)**|17,213|(33,807)|
||||
This page does not form part of the statutory financial statements
Page 9