THE WEBB FAMILY CHARITABLE TRUST REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE WE88 FAMILY CHARITABLE TRUST CONTINUED FOR THE YEAR ENDED 5 APRIL 2021 Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. lo detect material misstatements in respect of irregularities, including fraud. The specific prwedures for this engagement and the exlenl to which these are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual. suspected and alleged fraud. Assessing the exlenl of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the charity through enquiry and inspection; Reviewing financial ststemenl disclosures and lesling to supporting documentation lo assess compliance wth applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including testing of journ81 entries and other adjustments for appropriateness, ev8lu8ting the business rationale of significant transactions outside the nomial course of business and reviewing accounting estimates for indicator5 of potenti81 bias Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulats'on. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than eOr, as fraud involves intentional concealment, forgery. collusion. omission or misrepresentation. A further degcription of our responsibilities ig available on the Financial Reporting Council's website at= https'.Ilwww.fr¢.org.uklOur-WorklAudiVAudil-and-assuran¢elStsndards-and-guidancelSlandards-and- guidance-for-audilorslAudilors-responsibililies-for-audiUDescriplion-of-8uditors-responsibilities-for- audil.aspx. This description forms part of our audilorfs report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations . Our audit work has been undertaken so that we might state to the charity's Iruslees those mallers we are required to stale lo them in an audilovs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 2 February 2022 Michagl Tizard (Senior Statutory Auditor) for and on behalf of Azets Audlt Servlces Chartered Accountants Statutory Auditor 3 EaSOod Court Broadwaler Road Romsey Hampshire S051 8JJ Azets Audit Services is eligible for appointment as auditor by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
| Notes | Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Incoming resources: | ||||||||
| Voluntary income: |
||||||||
| Gift ofshares | 2,050,000 | |||||||
| Gift Aid cash donations | 26,320 | |||||||
| Non-Gift Aid cash donations | 80,000 | 29,280 | ||||||
| 2,130,000 | 55,600 | |||||||
| Investment income: |
||||||||
| Dividends | 8,607 | 8,578 | ||||||
| Deposit interest | 33 | |||||||
| Overseas Unit Trust and OEIC interest |
913 | |||||||
| 9,520 | 8,611 | |||||||
| Total incoming resources |
2,139,520 | 64,211 | ||||||
| Resources expended: | ||||||||
| Costs of generating funds |
||||||||
| Porffolio management | fees | 8,422 | 5,997 | |||||
| Charitable activities |
||||||||
| Charitable grants made: |
||||||||
| Hampshire 8 Isle of |
Wight Air Ambulance | 20,000 | ||||||
| The Jubilee Sailing Trust | 100,000 | |||||||
| Minsted Trust | 15,000 | 3,000 | ||||||
| The Rainbow Centre | 15,000 | 8,000 | ||||||
| Donations below F10,000 |
174,132 | 76,674 | ||||||
| 224,132 | 187,674 | |||||||
| Costs of making grants: |
||||||||
| Bank charges | 401 | 351 | ||||||
| Governance costs: |
||||||||
| Accountancy and audit/examination |
fees | 6,672 | 2,172 | |||||
| Total resources expended |
239,627 | 196,194 | ||||||
| Net outgoing resources before other recognised |
gains | and losses | 1,899,893 | (131,983) | ||||
| Other recognised gains and |
losses | |||||||
| Gains/(losses) on investments |
383,456 | (52,279) | ||||||
| Fund surplus/(deficit) for the |
year | 2,283,349 | (184,262) | |||||
| Fund balances brought forward at 6 April |
2020 | 874,862 | 1,059,124 | |||||
| Fund balances carried forward at 5 April |
2021 | F3,158,211 | f874,862 |
| Notes | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activites: |
||||||||
| Net cash provided by operating |
activites | (144,665) | (135,041) | |||||
| Cash flows from investing activities: |
||||||||
| Porfolio management fees |
(8,422) | (6,190) | ||||||
| Dividends from investments |
8,607 | 8,578 | ||||||
| Interest from investments | 913 | 33 | ||||||
| Equalisation | 1,624 | 144 | ||||||
| Purchase if investment units |
(2,075,437) | (97,620) | ||||||
| Proceeds from sale of investments | 2,225,511 | 224,656 | ||||||
| Change in cash and cash equivalents |
for | the year | 8,131 | (5,440) | ||||
| Cash and cash equivalents brought |
forward | |||||||
| at 6 April 2020: | 3,655 | 9,095 | ||||||
| Cash and cash equivalents carried forward at |
||||||||
| 5 | April 2021 | f11,786 | E3,655 | |||||
| a) | Reconciliation of net surplus/(defecit) |
to net cash | flow from | operating activities |
||||
| 2021 | 2020 | |||||||
| Net surplus/(defecit) for the year |
as | per the Statement | of | |||||
| Financial Activities |
2,283,349 | (184,262) | ||||||
| Adjust for: | ||||||||
| (Gains)/losses on investments |
(383,456) | 52,279 | ||||||
| Dividends from investments |
(8,607) | (8,578) | ||||||
| Reinvested dividends |
(67) | (746) | ||||||
| Interest from investments | (913) | (33) | ||||||
| Portfolio management fees |
8,422 | 5,997 | ||||||
| Gift ofshares | (2,050,000) | |||||||
| Increase in creditors |
6,600 | 300 | ||||||
| Decrease in debtors |
7 | 2 | ||||||
| Net cash provided by operating |
activites | F(144,665) | E(135,041) | |||||
| b) | Analysis ofcash and cash equivalents | 2021 | 2020 | |||||
| Cash at bank and in hand |
5,341 | 2,874 | ||||||
| Cash held within investment portfolio |
6,445 | 781 | ||||||
| 211,786 | E3,655 |
| Market value at 6 April 2020 | 874,340 |
|---|---|
| Receipt of gifted shares | 2,050,000 |
| Purchases | 2,075,437 |
| Disposal proceeds | (2,225,511) |
| Gains on investments | 383,456 |
| Reinvested dividend |
67 |
| Equalisation | (1,624) |
| Market value at 5 April 2021 | F 3,156,165 |
| Accountancy and audit/examination |
fees | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Accountancy fees | 1,920 | 2,100 | ||
| Audit fees | 4,680 | |||
| LEI renewal fees | 72 | 72 | ||
| F | 6,672 | F | 2,172 |
| THE WEBBFAMILY CHARIT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 |
THE WEBBFAMILY CHARIT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 |
THE WEBBFAMILY CHARIT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 |
ABLE TRUST CONTINUED APRIL 2021 |
|||
|---|---|---|---|---|---|---|
| 5. | Creditors and accrued expenses | |||||
| 2021 | 2020 | |||||
| F | F | |||||
| Accountancy fees accrual | 3,720 | 1,800 | ||||
| Audit fees accrual | 4,680 | |||||
| Tilney Asset Management | accrual | 1,340 | 1,340 | |||
| 9,740 | F | 3,140 | ||||
| 6. | Charitable grants made: |
below f10,000 | ||||
| 2021 | 2020 | |||||
| F | F | |||||
| 3H Helping Hands For |
Holidays | 2,000 | ||||
| Able Kidz | 2,000 | |||||
| Action Medical Research For Children | 1,000 | 1,000 | ||||
| Anthony Nolan Trust |
3,000 | |||||
| Autistica | 1,000 | |||||
| Blind Veterens UK |
5,000 | |||||
| Boaz Trust | 1,000 | |||||
| Boccia England | 2,000 | |||||
| Bowel Research UK |
2,000 | |||||
| Bradford Toy Library 8 | Resource Centre | 1,500 | ||||
| Brain Tumour Support | 3,000 | |||||
| Brain Wave | 2,000 | |||||
| British Heart Foundation | 2,000 | |||||
| British Wireless for the | Blind | 2,000 | ||||
| Caring For Life | 2,000 | |||||
| Cerebral Palsy | 2,000 | |||||
| Challengers | 4,000 | 4,000 | ||||
| Changing Faces |
3,000 | 3,000 | ||||
| Clapton Common Boys Club |
1,000 | |||||
| Clothing Solutions |
2,000 | |||||
| CPotential Trust |
5,000 | |||||
| Cycle-R | 2,100 | |||||
| Cystic Fibrosis Trust | 2,000 | |||||
| Deafblind UK |
5,000 | 3,000 | ||||
| Designability | 3,000 | 3,000 | ||||
| Dorest Blind Association | 3,000 | 3,000 | ||||
| Douglas Macmillan Hospice |
1,000 | |||||
| Dreams Come True | 3,000 | |||||
| Endometriosis UK |
300 | |||||
| ERIC -The Children's | Bowel 8 Bladder Charity | 2,000 | ||||
| Exeter Community Initiatives |
500 | |||||
| FareShare South West | 2,000 | |||||
| Footsteps Foundation | 3,000 | |||||
| Formidability | 3,000 | |||||
| Friends of Nursling Primary School |
3,500 | |||||
| George Eliot Hospital Serenity Garden | 5,000 | |||||
| Hampshire & Isle ofWight |
Wildlife Trust | 1,500 |
| haritable grants made: belo |
w | f10 | ,000 | (Continued) | |
| 2021 | 2020 | ||||
| Handicapped Children's Charity |
2,000 | ||||
| Happy Days Children's Charity |
3,000 | 2,000 | |||
| Hart Wildlife Rescue | 2,000 | ||||
| Headway- The Brain Injury Association |
1,000 | ||||
| Heel &Toe Children's Charity |
5,000 | ||||
| Honeypots House Children's |
Charity | 7,822 | |||
| Independence at Home |
5,000 | ||||
| InterAct Stroke Support | 2,000 | ||||
| Joss Searchlight | 2,500 | ||||
| Just4Children | 5,000 | ||||
| Juvenile Diabetes Research |
Foundation | 300 | |||
| Leeds Weekend Care Association |
5,000 | ||||
| Lennox Children's Cancer Fund |
2,000 | ||||
| MACS | 1,000 | ||||
| Muscular Dystrophy UK |
2,000 | ||||
| My AFK | 2,100 | ||||
| Pallion Action Group | 2,000 | ||||
| Para Dance UK | 1,000 | ||||
| QEF | 2,000 | 3,000 | |||
| Refreshing Minds |
2,000 | ||||
| Reuben's Retreat |
2,332 | ||||
| Roald Dahl's Marvellous Children's |
Charity | 5,000 | |||
| Rockinghorse Trust |
3,000 | ||||
| Royal National lnstitue of Blind |
People | 2,000 | |||
| Safe Families for Children | 2,000 | ||||
| Safe New Futures | 3,000 | ||||
| Sebastian's Action Trust |
2,000 | ||||
| See Ability | 5,500 | 3,000 | |||
| Shepherds Dawn School |
2,000 | 3,000 | |||
| Somerset 8 Dorset Railway Heritage Trust | 2,000 | ||||
| Southampton Hospital Charity |
1,352 | ||||
| Special effects | 1,500 | ||||
| Stable Family Home Trust | 4,000 | 2,000 | |||
| Sullivan's Heroes |
2,000 | ||||
| Sunderland Women |
2,000 | ||||
| Support Dogs | 2,000 | ||||
| Tatirano Social Enterprise | 3,000 | ||||
| The Brainwave Centre |
2,000 | ||||
| The Chronicle Sunshine Fund |
5,000 | ||||
| The Cystic Fibrosis Trust | 2,000 | ||||
| The Elizabeth Foundation |
5,000 | ||||
| The Meath Epilepsy Charity | 1,000 | ||||
| The Migraine Trust |
2,000 | ||||
| The National Multiple Sclerosis |
Society | 1,000 | |||
| The Seeing Dogs Alliance | 2,000 | ||||
| Wallace 8 Gromit's Children's |
Foundation | 5,000 | |||
| Wessex Cancer Trust | 1,000 | 1,000 | |||
| Whizz-Kids | 3,000 |
| haritable grants made: below f10,000continued |
(Continued) | |
| 2021 | 2020 | |
| Whoopsadaisy | 2,000 | |
| Willow Foundation | 1,000 | |
| F174,132 | F76,674 |