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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|
##
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##
|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|