``` REGISTERED CHARITY NUMBER: 1127201 ``` ``` Report of the Trustees and ``` ## **`Unaudited Financial Statements`** ``` for the Year Ended 30 September 2021 ``` ``` for ``` ``` The Woodspring Trust ``` ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU ``` ``` The Woodspring Trust ``` ``` Contents of the Financial Statements for the Year Ended 30 September 2021 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`2`| |**`Independent Examiner's Report`**||`3`|| |**`Statement of Financial Activities`**||`4`|| |**`Balance Sheet`**||`5`|| |**`Notes to the Financial Statements`**|`6`|`to`|`11`| |**`Detailed Statement of Financial Activities`**||`12`|| ``` The Woodspring Trust ``` ## **`Report of the Trustees for the Year Ended 30 September 2021`** ``` The trusteespresenttheirreportwiththe financialstatementsof the charityfor the yearended30 September2021. The trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicableto charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` Thelongandshorttermaimsaretoissuegrantstoindividuals,organisationsandcharitiestopromoteresearchfor the public benefit in the protection, improvement and conservation of the physical and natural environment and biodiversity. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ``` Duringtheyearthecharitycontinuedtolookforgrantmakingopportunitiestofulfilitsaimsandobjectives.Two grants totalling £40,728 were made to registered UK charities. ``` ``` The trusteesconsiderthat they have compliedwith the duty in section17(5)of the CharitiesAct 2011to have due regard to public benefit guidance published by the Charity Commission. ``` ## **`FINANCIAL REVIEW`** ## **`Investment policy and objectives`** ``` Investmentsareheldinshares,corporatebondsandgilt-edgedsecurities.Thecharity'sinvestmentportfolio is maintained by Quilter Cheviot Limited. ``` ## **`Reserves policy`** ``` Duringtheyearthecharitymaintaineditsinvestmentportfolioandpreparedthefundstoenableanysuitablegrants or sponsorship identified to be undertaken. ``` ## **`FUTURE PLANS`** ``` In the future the trustees intend to identify grant making opportunities and offer sponsorship for research. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ``` ## **`Recruitment and appointment of new trustees`** ``` New trustees are appointed when necessary, by the existing trustees. Full training is given to all new trustees. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Charity number`** ``` 1127201 ``` ## **`Principal address`** ``` Hart Brown Solicitors Resolution House Riverview, Walnut Tree Close Guildford Surrey GU1 4UX ``` ``` Page 1 ``` ``` The Woodspring Trust ``` ## **`Report of the Trustees for the Year Ended 30 September 2021`** ## **`Trustees`** ``` Mrs M Jack C V Honey (resigned 29.11.21) P A Tobias (resigned 29.11.21) J Lamont (appointed 29.11.21) Ms S Murrell (appointed 29.11.21) ``` ## **`Independent Examiner`** ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU ``` ``` Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` .......................................................................... J Lamont - Trustee ``` ``` Page 2 ``` ## **`Independent Examiner's Report to the Trustees of The Woodspring Trust`** ## **`Independent examiner's report to the trustees of The Woodspring Trust`** ``` I reportto the charitytrusteeson my examinationof the accountsof The WoodspringTrust (the Trust)for the year ended 30 September 2021. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` I reportin respectof my examinationof theTrust'saccountscarriedoutundersection145of theActandin carrying out my examinationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the Act. ``` ## **`Independent examiner's statement`** ``` I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnectionwith 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 concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU ``` ``` Date: ............................................. ``` ``` Page 3 ``` ``` The Woodspring Trust ``` ## **`Statement of Financial Activities`** ## **`for the Year Ended 30 September 2021`** |`30.9.21`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`17,844`
`Investment income`
`2`
`10,475`
**`Total`**
`28,319`
**`EXPENDITURE ON`**
`Raising funds`
`3`
`7,249`
**`Charitable activities`**
`Charitable expenditure`
`55,003`
**`Total`**
`62,252`
`Net gains/(losses) on investments`
`41,483`
**`NET INCOME/(EXPENDITURE)`**
`7,550`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`403,012`
**`TOTAL FUNDS CARRIED FORWARD`**
`410,562`|`30.9.20`
`Total`
`funds`
`£`
`3,673`
`9,468`| |---|---| ||`13,141`
`6,035`
`85,550`| ||`91,585`
`(8,348)`| ||`(86,792)`
`489,804`| ||`403,012`| ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` The Woodspring Trust ``` ## **`Balance Sheet`** ## **`30 September 2021`** |`30.9.21`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Investments`
`6`
`388,986`
**`CURRENT ASSETS`**
`Debtors`
`7`
`6,387`
`Cash at bank`
`21,849`
`28,236`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
`(6,660)`
**`NET CURRENT ASSETS`**
`21,576`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`410,562`
**`NET ASSETS`**
`410,562`
**`FUNDS`**
`9`
`Unrestricted funds`
`410,562`
**`TOTAL FUNDS`**
`410,562`|`30.9.20`
`Total`
`funds`
`£`
`387,587`
`1,306`
`20,779`| |---|---| ||`22,085`
`(6,660)`| ||`15,425`| ||`403,012`| ||`403,012`| ||`403,012`| ||`403,012`| ``` The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon ............................................. and were signed on its behalf by: ``` ``` ............................................. J Lamont - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` The Woodspring Trust ``` ## **`Notes to the Financial Statements for the Year Ended 30 September 2021`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Charities Act 2011.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of investments which are included at market value, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa 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. ``` ``` Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof 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`**||| |---|---|---| ||`30.9.21`|`30.9.20`| ||`£`|`£`| |`Income from listed investments`|`10,475`|`9,468`| ``` continued... ``` ``` Page 6 ``` ``` The Woodspring Trust ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2021 ``` ## **`3. RAISING FUNDS`** ## **`Investment management costs`** |**`Investment management costs`**||| |---|---|---| ||`30.9.21`|`30.9.20`| ||`£`|`£`| |`Portfolio management`|`7,249`|`6,035`| ## **`4. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2021norforthe year ended 30 September 2020. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended30September2021norfortheyear ended 30 September 2020. ``` ## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**|| |---|---| ||`Unrestricted`| ||`fund`| ||`£`| |**`INCOME AND ENDOWMENTS FROM`**|| |`Donations and legacies`|`3,673`| |`Investment income`|`9,468`| |**`Total`**|`13,141`| |**`EXPENDITURE ON`**|| |`Raising funds`|`6,035`| |**`Charitable activities`**|| |`Charitable expenditure`|`85,550`| |**`Total`**|`91,585`| |`Net gains/(losses) on investments`|`(8,348)`| |**`NET INCOME/(EXPENDITURE)`**|`(86,792)`| |**`RECONCILIATION OF FUNDS`**|| |**`Total funds brought forward`**|`489,804`| |**`TOTAL FUNDS CARRIED FORWARD`**|`403,012`| ``` continued... ``` ``` Page 7 ``` ``` The Woodspring Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 30 September 2021`** ## **`6. FIXED ASSET INVESTMENTS`** |**`FIXED ASSET INVESTMENTS`**||| |---|---|---| |**`MARKET VALUE`**
`At 1 October 2020`
`Additions`
`Disposals`
`Revaluations`
`At 30 September 2021`
**`NET BOOK VALUE`**
`At 30 September 2021`
`At 30 September 2020`|`Listed`
`investments`
`£`
`387,587`
`40,226`
`(80,310)`
`41,483`
`388,986`
`388,986`
`387,587`|| |`The market value of the investments held at the year-end is represented by:`||| |||| ||`30.9.21`|`30.9.20`
`£`
`315,365`
`72,222`
`387,587`| ||`£`|| |||| |`Investment assets in the UK`|`304,558`|| |`Investment assets outside the UK`|`84,428`|| |||| ||`388,986`|| |||| ``` All investments are listed on a recognised stock exchange. ``` ``` Cost or valuation at 30 September 2021 is represented by: ``` |||`Listed`| |---|---|---| |||`investments`| |||`£`| |`Valuation in`|`2021`|`388,986`| ``` Ifthefixedassetinvestmentshadnotbeenrevaluedtheywouldhavebeenincludedatthefollowing historical cost: ``` ||`30.9.21`|`30.9.20`| |---|---|---| ||`£`|`£`| |`Cost`|`317,005`|`326,034`| ``` The fixed asset investments were valued on an open market basis on 30 September 2021 by Quilter Cheviot. ``` ``` continued... ``` ``` Page 8 ``` ``` The Woodspring Trust ``` ## **`Notes to the Financial Statements - continued for the Year Ended 30 September 2021`** ## **`7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Other debtors`
**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
**`9.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`28,319`
**`TOTAL FUNDS`**
`28,319`|`At`

`1.10.20`
`£`
`403,012`
`403,012`
`Resources`
`expended`
`£`
`(62,252)`
`(62,252)`|`30.9.21`
`30.9.20`
`£`
`£`
`6,387`
`1,306`
`30.9.21`
`30.9.20`
`£`
`£`
`6,660`
`6,660`
`Net`
`movement`
`At`
`in funds`
`30.9.21`
`£`
`£`
`7,550`
`410,562`
`7,550`
`410,562`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`41,483`
`7,550`
`41,483`
`7,550`|`30.9.20`
`£`
`1,306`
`30.9.20`
`£`
`6,660`
`At`
`30.9.21`
`£`
`410,562`|`30.9.20`
`£`
`1,306`
`30.9.20`
`£`
`6,660`
`At`
`30.9.21`
`£`
`410,562`| |---|---|---|---|---| ||||`410,562`|| |||||`7,550`| ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`

`1.10.19`
`£`
`489,804`
`489,804`|`Net`
`movement`
`in funds`
`£`
`(86,792)`
`(86,792)`|`At`
`30.9.20`
`£`
`403,012`| |---|---|---|---| ||||`403,012`| ``` continued... ``` ``` Page 9 ``` ``` The Woodspring Trust ``` ## **`Notes to the Financial Statements - continued for the Year Ended 30 September 2021`** ## **`9. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`13,141`
**`TOTAL FUNDS`**
`13,141`
`A current year 12 months and prior year 12 months combined position`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Resources`
`expended`
`£`
`(91,585)`
`(91,585)`
`is as follows:`
`At`
`1.10.19`
`£`
`489,804`
`489,804`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(8,348)`
`(86,792)`
`(8,348)`
`(86,792)`
`Net`
`movement`
`At`
`in funds`
`30.9.21`
`£`
`£`
`(79,242)`
`410,562`
`(79,242)`
`410,562`| |---|---|---| ``` A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin theabove are as follows: ``` ||`Incoming`|`Resources`|`Gains and`|`Movement`| |---|---|---|---|---| ||`resources`|`expended`|`losses`|`in funds`| ||`£`|`£`|`£`|`£`| |**`Unrestricted funds`**||||| |`General fund`|`41,460`|`(153,837)`|`33,135`|`(79,242)`| |**`TOTAL FUNDS`**|`41,460`|`(153,837)`|`33,135`|`(79,242)`| ``` continued... ``` ``` Page 10 ``` ``` The Woodspring Trust ``` ## **`Notes to the Financial Statements - continued for the Year Ended 30 September 2021`** ## **`10. RELATED PARTY DISCLOSURES`** ``` One of the trustees of The Woodspring Trust, Mr J Lamont, is a partner of Hart Brown Solicitors. Duringthe year ended30 September2021 The WoodspringTrust paid legal fees of £11,340(2020:£3,780)to Hart Brown Solicitors. The fees are calculated on an arms-length basis. ``` ``` Page 11 ``` ``` The Woodspring Trust ``` |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
`Gift aid`
**`Investment income`**
`Income from listed investments`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Investment management costs`**
`Portfolio management`
**`Charitable activities`**
`Grants to institutions`
**`Support costs`**
**`Management`**
`Insurance`
**`Finance`**
`Bank charges`
**`Governance costs`**
`Accountancy`
`Legal fees`
`Total resources expended`
**`Net expenditure`**|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 September 2021`**
`30.9.21`
`30.9.20`
`£`
`£`
`14,275`
`2,935`
`3,569`
`738`
`17,844`
`3,673`
`10,475`
`9,468`
`28,319`
`13,141`
`7,249`
`6,035`
`40,728`
`78,815`
`1,495`
`1,495`
`-`
`20`
`1,440`
`1,440`
`11,340`
`3,780`
`12,780`
`5,220`
`62,252`
`91,585`
`(33,933)`
`(78,444)`|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 September 2021`**
`30.9.21`
`30.9.20`
`£`
`£`
`14,275`
`2,935`
`3,569`
`738`
`17,844`
`3,673`
`10,475`
`9,468`
`28,319`
`13,141`
`7,249`
`6,035`
`40,728`
`78,815`
`1,495`
`1,495`
`-`
`20`
`1,440`
`1,440`
`11,340`
`3,780`
`12,780`
`5,220`
`62,252`
`91,585`
`(33,933)`
`(78,444)`| |---|---|---| |||| |||`3,673`
`9,468`| |||`13,141`
`6,035`
`78,815`
`1,495`
`20`
`1,440`
`3,780`| |||`5,220`| |||`91,585`| |||`(78,444)`| ``` This page does not form part of the statutory financial statements ``` ``` Page 12 ```