Charity number: 1118376 TOBY AND REGINA WYLES CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
TOBY AND REGINA WYLES CHARITABLE TRUST CONTENTS Page Reference and admlnSstr0tive details of the charity, its trustees and advlsers Trustees. report Independent oxamingr's rgport Statement of financial activities Balance sheet Notes to the flnanclal statements 7-12
TOBY AND REGINA WYLES CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2022 Trustees Mr Andrew Tobias Wyles, Principal Mrs Regina Wyles Mr Ross Wyndham Badger Charity registered number 1118376 Princlpal offlce 45 Pall Mall, London. SW1Y 5JG Accountants Hillier Hopkins LLP. 45 Pall Mall. London. SW1 Y 5JG Independent examlner Peter G Hakim, 39 Borrer Drive, Henlield, West Sussex. BN5 9FQ Page 1
TOBY AND REGINA WYLES CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED S APRIL 2022 The Trustees present their annual port together with the financial ststemenls of the charity for the 6 April 2021 10 S April 2022. a. POLICIES AND OBJECTIVES The Charity is established for the purpose of the advancement of education and ieligion and relief of the persons in need, hardship or distress 8nd other eharilable purpose including Iwilhout limitation to the foregoing) the making of grants and subscriptions lo other charitable bodies Ilhe 'objecls"l- The Trustees hold the income of the Endowment Fund lo pay and supply the same in promotion of the objects in such manner as the Trustees from lime lo time think fil and in particular the Trustees shall have power lo pay the said income lo the Trustees of Toby and Regina Wyles Charitable Trust for ils general purposes, provided always that the Trustees shall be entitled lo direct that all or part of the payment shall be applied lor any one or more specified purpose. Notwithstanding the foregoing trust income, the Trustèes may al any lime al their discretion pay or apply the whole or any part of the capital of the Endowment Fund In promotion of the objects in such 8 Manner as they a. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the ch8rity has adequate resources lo continue in operational existence for the foreseeable future. For this reason they continue lo adopt the going concern basis in preparing the financial 51alemenls. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. a. CONSTITUTION Toby and Regina Wyles Charitable trust is a Charity consliluled by a Declar81ion of Trust dated 10 February 2007 b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The Trustees ol the Endowment Fund shall be not less than three or more than e1ve in number and shall, as lar as possible, Ibut wilhoul imposing any legal obligation in this respect) include a majority of persons connected with Toby and Regina Wyles Charitable Trust. The power of appointing new Trustees is invested in the surviving or continuing Trustees. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees. report and the financial slalemenls in accordance with appli¢able law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. The law applicable lo ch2rilies in England & Wales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and applicauon of resources of the charity for that period. In preparing these financial slalemenls, the Trustees are reqtjiied lo.. select suitable accounting policies and then apply them consislenlly; observe the methods and principles in the Charities SORP., Page 2
TOBY AND REGINA WYLES CHARITABLE TRUST TRUSTEES. REPORT {contlnuedl FOR THE YEAR ENDED 5 APRIL 2022 make judgments and accounting eslimales that are reasonable and prudent., prepare the financial statements on the going concÈm basis unless il is inappropriate to presume that the charity wi51 continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial posilion of the charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees 2re responsible for the Maintenan and integrity of the charity and financial information included on the charil¥s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from le9islalion in other jurisdictions. This report was approved by the Truglees, on 19 October 2022 and signed on their behalf by.. Ross Badger Trustees Page 3
TOBY AND REGINA WYLES CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF TOBY AND REGINA WYLES CHARITABLE TRUST (the 'charlty'l I report lo the charity Trustees on my examination of the accounts of the charity for the year gnded 5 April 2022. RESPONSIBIUTIES AND BASIS OF REPORT As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with th8 requirements of tho Charities Act 2011 I'the 2011 Act'l. I report in respect of my examination of the charills account5 carried oul under section 145 of the 2011 Act and in carrying out my examination I have followed all the 8pplicable Directions given by the Charity Commission Ltnder section 145{5llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the (*arills gross income exceeded £250,000 your examiner musl be a meber of a body lislgd in section 145 of the 2011 Act. I confirm that l am qualified lo undertak8 the examination because l am a member of ICAEW, which is one of the ligled bodigs. Your attent}n 1$ drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Sialement of Recommended Pr8Ctic8 applicable lo charitie5 preparing their a¢¢ounls accordance with the Financial Reporting Standard applieable in the UK and R6F)ublic of Ireland IFRS 102) in preference lo the Accounting and Reporting by Charities.. Slalem9nl of Recommended Practice issued on 1 April 2005 which is r8ferred to in the extant regulations bul ha$ been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair vw in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examinalii)n. l Can Confirm that no mallers have come to my atlgntion in connection with the examination giving me cavse lo beli8ve that in any material respect., accounting records were not kept in respect of the charity as qUired by section 130 of the 2011 Act,. or the accounts do not accord with those records", or the accounts do not comply with the applicable requirements concerning the fomi and conlenl of accounts sel out in the Charities IAccounl$ and Reports) Regulations 2CKJ8 other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an ind8pendenl examination. I have no concerns and have come across no other mall8rs in connection with the examination lo whioh allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Dated.. 19 O¢lobor 2022 aki Page 4
TOBY AND REGINA WYLES CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022 Unre8trlcted funds 2022 Total funds 2022 Total funds 2021 Note INCOME FROM: Donations and legacies Other income 275,000 68,750 275,000 68,750 400,000 lQO, 000 TOTAL INCOME 343,750 343,750 500,000 EXPENDITURE ON: Charitable activities 374,926 374,926 395,523 TOTAL EXPENDITURE 374,926 374,926 395, 523 NET INCOME I IEXPENDITUREI BEFORE OTHER RECOGNISED GAINS AND LOSSES 131,176} {31,176} 131,176) 131,176) 104,477 104,477 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Totsl funds brought foNard 2,351,069 2,351,069 2,246,592 2.319,893 2.319,893 2,357,069 TOTAL FUNDS CARRIED FORWARD The notes on pages 7 10 12 form part of these financial slalemenls. Page 5
TOBY AND REGINA WYLES CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Note CURRENT ASSETS Cash al bank and in hand 2,320,893 2,351.879 CREDITORS: amounts falling due within one year {1,0001 (750) NET CURRENT ASSETS 2,319,893 2,357,069 NET ASSETS 2,319,893 2,351,069 CHARITY FUNDS Unrestricted funds 2,319,893 2,35t,069 TOTAL FUNDS 2,319,893 2,351,069 The financial sl8temenls were approved by the Trustees on 19 October 2022 and signed on Ihelr behalf, by.. Ross Badger The notes on pages 7 10 12 form part ol these financial slatemenls. Page 6
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 ACCOUNTING POLICIES 1.1 Basls of preparation of financial statements The financial slalernents have been prepared lo give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'lrue and fair, view. This departure has involved following Ihe Charities SORP (FRS 1021 published on 16 July 2014 rather than the Accounting and Reporting by Charilies.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financi81 slalements have been prepared under the historical oosl convention with items recognised at cost or transaction value unless otherwise slated in the relevant notes lo these accounts. The financial statements have been prepared in accordance wtlh the Slalemenl of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Acl 2011. Toby and Regina Wyles Charitable Trust constilules a public benefit entity as defined by FRS 102. 1.2 Income All income is re¢ognised once the charity has enlillemenl lo the in¢ome, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognised at the lime of the donation. 1.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each aclivily are made up of the total of direct Costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allribulable lo a single activity are allocated directly to that aclivily. Shared costs which ¢onlTibule lo more than one activity and support costs which are not allribulable lo a single ac11vily are apportioned between Ih05e activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis ol lime spent, and (Jeprecialion charges allocated on the portion of the asset's use. Governance costs are those incurred in connection with administration of the ¢harily and compliance with constitutiona1 and slalulory requirements. Charitable aclNilies and Governance costs are costs incurred on the charity's educaliDnal operations. including support costs and costs relating to the governance of the charity apportioned lo charitable activities. Grants payable are charged in the year when thè offer is made except in those cases where Ihe offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a commitment, but not accrued as expenditure. Page 7
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 ACCOUNTING POLICIES IGontinued} 1.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon nolificalion of the interest paid or payable by the Bank. 1.5 Cash at Bank and In hand Cash al bank and in hand includes cash and short term highly liquid investments with a short maturity ol three month5 or less from the dale of acquisition or opening of the deposit or similar account. 1.6 Llabllities and provisions Liabilities are ¥ecognised when there is an obligation al the Balance sheet dale as a result of a past event, it is probable that a Iransler of economic benefit will be required in selllemenl. and the amount of the settlement ¢an be eslimaled reliably. Liabilities are recognised al Ihe amount that the charity anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the good5 or service5 il musl provide. Provisions are measured al the best estimate of the amounts required lo sellle the obligation. Where the eflecl of the time value ol money is material, the provision is based on the present valu& of those amounts, discounted al the pre.lax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised within interest payable and similar ¢harge5. 1.7 Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measurèd al their selllemenl value with the exception of bank loans which are subsequently measured at 8mortised cost using the effective interest method. 1.8 Fund accounting General funds are unrestricted funds which are available lor use al the discretion of thè Trustees in furtherance ol the general objectives of the charity and which have not been designated for other purposes. Page 8
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 INCOME FROM DONATIONS AND LEGACIES Unrestrlcted funds 2022 Total funds 2022 Total funds 2021 Donation.. Mr A T Wyles Donation.. Mrs R Wyles 275,000 275,000 325, 000 75,000 Total donations and legacies 275,000 275,000 400, 000 Total 2021 400,OOQ 400,000 OTHER INCOMING RESOURCES Unrestrlcted funds 2022 Total funds 2022 To181 funds 2021 HMRC refund - gift aid 68,750 68,750 100,000 68,750 68,750 100.000 Total 2021 loo.000 loo,000 ANALYSIS OF GRANTS Grants to Instltutlons 2022 Total 2022 Total 2021 Donations 373,522 373,522 394,388 Total 2021 394,388 394,388 Donatlons were made to the followlng Individuals: 2022 2021 Gwynelh Jones Lee and Maria Martin 5,000 Total 5, 000 Page 9
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Donatlons were made to thg following in$titutions: 2022 2021 Alex Lewis Trust Andover Food Bank Ballersea Dogs Home BSAVA- Pelsavers Dogs Trust Elephant Watch Trust Farms for City Children Haydown Link International Rescue Committee Jesus College Cambridge Jesus College Boat Club Kensington & Chelsea Foundation Lotus Relief Charitable Trust Macmillan Cancer Support Medicine Sans Fronlieres Ormislon Families Reigale & Redhill Live al Home Scheme RHS Save the Elephants Sheldrick Wildlife Trust Solihull School Bursary Street Vel The Bromplon Oratory The Brooke The Passage The Hawk Conservancy The Soil Association Tomorrows Forest Tusk Unicef UK University of Birmingham Weill Medical College ol Cornell Worldwide Vel Service Other < £2,000 12,000 2,000 10,000 10,000 6,500 16,145 5,000 1 5,000 13,000 20,000 6,000 10,000 12,000 5,000 25,000 6,000 5,000 10,000 30,000 5,000 2,000 8,000 20,000 27,000 5,000 5,000 88,000 10,000 6,000 5,000 3,500 15,0( 20,000 26.900 12.000 10.000 5.000 10,000 20,000 30,000 7,500 60,000 foo,ooo 18,770 3,500 1,472 19,622 Total 373,522 389,387 Page 10
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 GOVERNANCE COSTS Unrestricted funds 2022 Tolal funds 2027 Independent examiner Bank charges 1,000 404 750 385 1,404 1,135 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Other costs 2022 Total 2022 Total 2021 Donation to Institutions Expenditure on governance 373,522 1,404 373,522 1,404 394,388 1, 135 374,926 374,926 395,523 Total 2021 395, 523 395,523 AUDITORS, REMUNERATION The Independent Examiner's remuner81ion amounts lo an Independent Examlnatlon fee of £1000 12021 £750} STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 6 Aprll 2021 Balance at Income Expendlture 5 Aprll 2022 Unrestrlcted fund5 Other General funds 2,351,069 343,750 1374.9261 2,319,893 STATEMENT OF FUNDS - PRIOR YEAR Balance al 6 April 2020 88lanGe al 5 Apnl 2021 Income Expendilure Other General Funds 2,246,592 500.000 (395.523) 2.351,069 Page11
TOBY AND REGINA WYLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 STATEMENT OF FUNDS Icontlnued) Total of funds 2,246,592 500, QOQ (395,523J 2,351,069 Page 12