InvestmentType |
Percentage |
|---|---|
Equities |
51% |
Bonds |
39% |
Alternatives |
8% |
Cash |
2% |
WALTER LEES FOUNDATION ARe istered Charit No. 1138935 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED TO 31ST OCTOBER 2022 31199151DRAFT covér shéÈi for accounts- 4165-6435-3862 v.1.docxORAFT cover shtr81 for actounis~ 4165-643Jf.3862 v.1.docxMiner4a House 5 Monl8gu& Close London SE1 gBB DX.. 156810 London Brldg8 6 Winckworth Sherwood Sollcltors and Parflamentary Agent8 T 020 7593 5000 F 020 7593 S9 WW.W85aw.co.uk
WALTER LEES FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022 CONTENTS PAGE REPORT TO THE TRUSTEES REPORT OF THE INDEPENDENT EXAMINERS GENERAL INFORMATION FINANCIAL STATEMENTS Notes to the Financial Statements Balance Sheet Stalement of Financial Aclivities Capital Account Income Account Schedule of Creditors 10 Schedule of Stocks and Shares
WALTER LEES FOUNDATION REPORT TO THE TRUSTEES We have prepared the financial statements set out on pages 5 to 22 from the records of the Trust maintained by us. As at 31st October 2022 the total market value ofthe securities was £2,074,565 (including capital cash of £22,037) compared to £2,597,304.98 (including capital cash of £63,010) as at 31st October 2021. The income received for the period to 31sl October 2022, was £43,626.72. Under Section 145111 of the Charities Act 2011 the trustees may elect either'.- (a) to have the accounts examined by an independent examiner., or {b) to have Ihe accounts audited by a person qualified under the definition contained in Section 144 (21 of the said Act. The trustees have elected to appoint Newton & Garner Limited, chartered accountants, as independent examiners to review the accounts in accordance with the above provisions. and their report is contained in these financial statemenls. WINCKWORTH SHERWOOD LLP DATED
WALTER LEES FOUNDATION CHARITY NO. 1138935 YEAR ENDED 31ST OCTOBER 2022 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF WALTER LEES FOUNDATION I report lo the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 31" Oclober2022, which are set out on pages 5 to 22. Res onsibilities and basis of re ort As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Inde endent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming 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 olher mallers in conneclion with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Robert Knight FCCA ATII Newton & Garner Limited Chartered Accounlants BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA DATE: 1ts4K 2023
WALTER LEES FOUNDATION GENERAL INFORMATION TESTATOR.. Walter Chades Lees TRUSTEES: Roderick Hugh Alexander MacDougald {appointed by will - 30.01.20101 Gerald Richard Ornslein18ppointed by will - 30.01.20101 steven Paul Frost (appointed by deed 01.11.20171 24th March 2005 DATE OF WILL.. DATE OF DEATH: 30th January 2010 16th July 2010 PROBATE GRANTED: TERMS.. Following the death of Waller Charles Lees his eslale was administered by his exe¢ulors who were the same persons as the trustees of the Walter Lees Foundation. The adminislralion of the estate was completed on 20 December 2011 although there had been a cash distribution to the trustees in August 2011 and the residential property, Flat 3. 48 Pimlico Road, London SW1W (the former home of the deceased) had been assented to the trustees in June 2011 and then let. (The property was eventually sold on 27 February 2019.1 Challels that had belonged to the deceased were sold by the trustees during the adminislralion period.The goveming document of the Walter Lees Foundation is the will of the deceased dated 24 March 2005 and, inter alia, il stales that.. A. The Trustees should hold capital and income of the trust fund upon trust to apply the income and all or such part or parts of the capit21 at such lime or times and in such manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees may in their discretion think fit. Ch2rllable was defined to mean ch8ritab18 according to the law of England and Wales. B.The Iruslees were given wide ranging investment powers under the terms of the Will. The powers state that the trustees are not under a duty lo diversify investments and Ihal the trustees may invest any part of the Trust Fund in any way in which any part of the eslale w88 invested at the lime of death. C.The will gave the trustees power lo appoint an investment adviser and to delegate investment management. D.The trustees were directed lo hold at least one meeting in each calendar year and that two trustees would form a quorum. E.The trustees were given power lo establish funds for particular purposes or to maintain reserves. SOLICITORS.. Winckworth Sherwood LLP Minerva House 5 Monlague Close London SE1 9BB
WALTER LEES FOUNDATION GENERAL INFORMATION STOCKBROKERS.. EFG Private Bank Ltd Park House 116 Park Street London W1K 6AP
WALTER LEES FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2022 ACCOUNTING POLICIES Basis of Pre aration The fsnancial slalements have been prepared in accordance with 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 IFRS 102) leffeclive 1 January 20151- (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The trust conslilules a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Irusl's ability lo continue as a going concern. Reconciliation with revious Generall Acce ted Accountin Practice In preparing the accounts the trustees have considered whether in applying the accounting policies reqUId by FRS102 and the Charities SORP FRS102 a restatement of comparative items was needed. No restatement is required. Income Re¢0 nition All income is recognised once the charity has enlillement lo the income, il is probable that th8 income wll be received and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included when receivable 2nd the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been reiVed of the dividend due. This is nomially upon notification by our investment advisor of the dividend yield of the investment portfolio. enditure reco nilion 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. 2. Investments Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and subsequently measured al their fair value as al the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The trust does not acquire put options, derivatives or other complex financial inslrumenls. The main form of financial risk faced by the ¢harity is that of volatility in equity markets and nvestment markets due to wider economic conditions, the attitude of inveslors to
investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Realised ains and losses All gains and losses are taken lo the Statement of Financi81 Activities as they arise. Realised gains and losses on investments are calculated as the differen between sales proceeds and their opening carying value or their purchase value if acquired subsequenl to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities WINCKWORTH SHERWOOD LLP DATE
WALTER LEES FOUNDATION BALANCE SHEET AS AT 31ST OCTOBER 2022 2022 2021 Stocks and shares 2,052,527.91 2,534,295.03 Income cash held by Winckworth SheNood 3,318.26 6,733.82 Capital Cash held by EFG 22,037.55 50,050.20 Income cash held by EFG 14,301.93 12.959.75 Less: Creditors- per schedule on page 10 (6,705.24) (13,884.96) £2,085,480.41 £2,590,153.84 This is represented by: CAPITAL ACCOUNT (Page 81 2,089.774.98 2,581,880.13 INCOME ACCOUNT (Page 9) {4,294.57) 8,273.71 £2,085,480.41 £2,590,153.84 l approve the accounts of the Trust in respect of the year ended 31st October 2022 as set out on pages 6 to 22 on behalf of all Trustees. Roderick Hugh Alex nder MacDougald
WALTER LEES FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2022 2D22 Total Funds 2021 Income and Ex enditure Ca Income Incomin resources Inv8slment income Gross Interest 0.00 0.00 43,590.67 36.05 43,590.67 36.05 42,599.47 0.00 Total incoming resources 0.00 43 626.72 43 826.72 42.599.47 Resources used Direct charitable ex Grants Adminislralion costs endilure o.oo 56,178.51 50.000.00 6,195.00 50.000.00 62,373.51 50,000.00 64,580.52 Total resources used Nel incomin out oin for the ear 56 178.51 56 195.00 112 373.51 114 580.52 rasources 156.178.511 112,568.281 168,746.791 171,981.051 Other r8CO nised ains and losses Gains and losses on inveslments'.- Realised Unrealised Nel movement in funds (238,696.54) 197230.10 (492,105.151 0.00 0.00 112,568.281 (238,696.541 197230.10 {504.673.43} 11,694.121 327.110.76 253,435.59 Balances brought forward al 1st November 2021 2,581,880.13 8.273.71 2,590,153.84 2.336.718.25 Balances carried fOard al 31st October 2022 £2.089 774.98 £4,294.57 £2.085.480.41 £2,590,153.84
WALTER LEES FOUNDATION CAPITAL ACCOUNT YEAR ENDED 31ST OCTOBER 2022 2022 2021 Balance brought fOard as at 1st November 2021 2,581.880.13 2,314,243.38 Add:_ Proceeds from sale of painting from the estate of Walter Lees deceased 0.00 4.40 Loss on sale of stocks and shares {161,313.211 3,716.90 Revaluation of stocks and shares (197,230.10) 327,110.76 FWD.. USD vs. GBP FWD.. HKD vs. GBP 178,180.98) 797.65 18,329.891 {50.711 EFG- Reimbursement 0.00 2,965.18 2,145.953.49 2,639,660.02 Less:. EFG Management fees 23,743.92 24,938.45 VAT thereon 4,748.79 4,987.69 Fisher Phillips 6,000.00 4,800.00 VAT Ihereon 1,200.00 960.00 Legal. accountancy, taxation and administration charges and disbursements 15,487.50 17,001.56 VAT Ihereon 3,097.50 3,400.31 Disbursements 234.00 159.90 VAT Iheron 46.80 31.98 Newion & Garner independent examination fees 1,350.00 1,250.00 VAT Ihereon 270.00 250.00 Balance carried foNard at 31st October 2022 £2,089,774.98 £2,581,880.13
WALTER LEES FOUNDATION INCOME ACCOUNT YEAR ENDED 31ST OCTOBER 2022 2022 2021 Balance brought forward as at 1 st November 2021 8,273.71 22,474.87 Dividends and interest 40,964.43 42,599.47 Scrip Dividend- Woodside Energy 2,626.24 0.00 Gross interest 36.05 0.00 51,900.43 65,074.34 Less'.- Grants to'.- Time Out Group Climbing Out Bels Brucha Sunny Days Children's Fund Clapton Support and Advice Support for All Listening Books Cerebral Palsy Plus Crisis UK 5,OQO.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 k 11 British Liver Trust Two Pennies Money Advice SPACE CIO Refreshing Minds Pauls Cancer Support Centre Fenland Black Oak CIO Lev Echod Cancer Care All in Sound The Royal School for the Blind 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 5,000.00 5,000.00 5,000.00 5.000.00 5,000.00 5,000.00 5,000.00 5,000.00 Legal, accountancy, taxation and administration charges 5,162.50 5,667.19 VAT thereon 1,032.50 1,133.44 Balance carried forward as al 31st Oclober 2022 £4 294.57 £8,273.71
WALTER LEES FOUNDATION SCHEDULE OF CREDITORS AS AT 31ST OCTOBER 2022 Newton & Garner independent examination fees 1,350.00 VAT thereon 270.00 Winckworth Sherwood LLP 4,237.70 VAT Ihereon 847.54 EFG Management Fees 0.00 VAT Ihereon 0.00 £6,705.24 10
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WALTER LEES FOUNDATION ARe istered Charit No. 1138935 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED TO 31ST OCTOBER 2022 31199151DRAFT covér shéÈi for accounts- 4165-6435-3862 v.1.docxORAFT cover shtr81 for actounis~ 4165-643Jf.3862 v.1.docxMiner4a House 5 Monl8gu& Close London SE1 gBB DX.. 156810 London Brldg8 6 Winckworth Sherwood Sollcltors and Parflamentary Agent8 T 020 7593 5000 F 020 7593 S9 WW.W85aw.co.uk
WALTER LEES FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022 CONTENTS PAGE REPORT TO THE TRUSTEES REPORT OF THE INDEPENDENT EXAMINERS GENERAL INFORMATION FINANCIAL STATEMENTS Notes to the Financial Statements Balance Sheet Stalement of Financial Aclivities Capital Account Income Account Schedule of Creditors 10 Schedule of Stocks and Shares
WALTER LEES FOUNDATION REPORT TO THE TRUSTEES We have prepared the financial statements set out on pages 5 to 22 from the records of the Trust maintained by us. As at 31st October 2022 the total market value ofthe securities was £2,074,565 (including capital cash of £22,037) compared to £2,597,304.98 (including capital cash of £63,010) as at 31st October 2021. The income received for the period to 31sl October 2022, was £43,626.72. Under Section 145111 of the Charities Act 2011 the trustees may elect either'.- (a) to have the accounts examined by an independent examiner., or {b) to have Ihe accounts audited by a person qualified under the definition contained in Section 144 (21 of the said Act. The trustees have elected to appoint Newton & Garner Limited, chartered accountants, as independent examiners to review the accounts in accordance with the above provisions. and their report is contained in these financial statemenls. WINCKWORTH SHERWOOD LLP DATED
WALTER LEES FOUNDATION CHARITY NO. 1138935 YEAR ENDED 31ST OCTOBER 2022 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF WALTER LEES FOUNDATION I report lo the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 31" Oclober2022, which are set out on pages 5 to 22. Res onsibilities and basis of re ort As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Inde endent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming 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 olher mallers in conneclion with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Robert Knight FCCA ATII Newton & Garner Limited Chartered Accounlants BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA DATE: 1ts4K 2023
WALTER LEES FOUNDATION GENERAL INFORMATION TESTATOR.. Walter Chades Lees TRUSTEES: Roderick Hugh Alexander MacDougald {appointed by will - 30.01.20101 Gerald Richard Ornslein18ppointed by will - 30.01.20101 steven Paul Frost (appointed by deed 01.11.20171 24th March 2005 DATE OF WILL.. DATE OF DEATH: 30th January 2010 16th July 2010 PROBATE GRANTED: TERMS.. Following the death of Waller Charles Lees his eslale was administered by his exe¢ulors who were the same persons as the trustees of the Walter Lees Foundation. The adminislralion of the estate was completed on 20 December 2011 although there had been a cash distribution to the trustees in August 2011 and the residential property, Flat 3. 48 Pimlico Road, London SW1W (the former home of the deceased) had been assented to the trustees in June 2011 and then let. (The property was eventually sold on 27 February 2019.1 Challels that had belonged to the deceased were sold by the trustees during the adminislralion period.The goveming document of the Walter Lees Foundation is the will of the deceased dated 24 March 2005 and, inter alia, il stales that.. A. The Trustees should hold capital and income of the trust fund upon trust to apply the income and all or such part or parts of the capit21 at such lime or times and in such manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees may in their discretion think fit. Ch2rllable was defined to mean ch8ritab18 according to the law of England and Wales. B.The Iruslees were given wide ranging investment powers under the terms of the Will. The powers state that the trustees are not under a duty lo diversify investments and Ihal the trustees may invest any part of the Trust Fund in any way in which any part of the eslale w88 invested at the lime of death. C.The will gave the trustees power lo appoint an investment adviser and to delegate investment management. D.The trustees were directed lo hold at least one meeting in each calendar year and that two trustees would form a quorum. E.The trustees were given power lo establish funds for particular purposes or to maintain reserves. SOLICITORS.. Winckworth Sherwood LLP Minerva House 5 Monlague Close London SE1 9BB
WALTER LEES FOUNDATION GENERAL INFORMATION STOCKBROKERS.. EFG Private Bank Ltd Park House 116 Park Street London W1K 6AP
WALTER LEES FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2022 ACCOUNTING POLICIES Basis of Pre aration The fsnancial slalements have been prepared in accordance with 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 IFRS 102) leffeclive 1 January 20151- (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The trust conslilules a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Irusl's ability lo continue as a going concern. Reconciliation with revious Generall Acce ted Accountin Practice In preparing the accounts the trustees have considered whether in applying the accounting policies reqUId by FRS102 and the Charities SORP FRS102 a restatement of comparative items was needed. No restatement is required. Income Re¢0 nition All income is recognised once the charity has enlillement lo the income, il is probable that th8 income wll be received and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included when receivable 2nd the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been reiVed of the dividend due. This is nomially upon notification by our investment advisor of the dividend yield of the investment portfolio. enditure reco nilion 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. 2. Investments Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and subsequently measured al their fair value as al the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The trust does not acquire put options, derivatives or other complex financial inslrumenls. The main form of financial risk faced by the ¢harity is that of volatility in equity markets and nvestment markets due to wider economic conditions, the attitude of inveslors to
investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Realised ains and losses All gains and losses are taken lo the Statement of Financi81 Activities as they arise. Realised gains and losses on investments are calculated as the differen between sales proceeds and their opening carying value or their purchase value if acquired subsequenl to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities WINCKWORTH SHERWOOD LLP DATE
WALTER LEES FOUNDATION BALANCE SHEET AS AT 31ST OCTOBER 2022 2022 2021 Stocks and shares 2,052,527.91 2,534,295.03 Income cash held by Winckworth SheNood 3,318.26 6,733.82 Capital Cash held by EFG 22,037.55 50,050.20 Income cash held by EFG 14,301.93 12.959.75 Less: Creditors- per schedule on page 10 (6,705.24) (13,884.96) £2,085,480.41 £2,590,153.84 This is represented by: CAPITAL ACCOUNT (Page 81 2,089.774.98 2,581,880.13 INCOME ACCOUNT (Page 9) {4,294.57) 8,273.71 £2,085,480.41 £2,590,153.84 l approve the accounts of the Trust in respect of the year ended 31st October 2022 as set out on pages 6 to 22 on behalf of all Trustees. Roderick Hugh Alex nder MacDougald
WALTER LEES FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2022 2D22 Total Funds 2021 Income and Ex enditure Ca Income Incomin resources Inv8slment income Gross Interest 0.00 0.00 43,590.67 36.05 43,590.67 36.05 42,599.47 0.00 Total incoming resources 0.00 43 626.72 43 826.72 42.599.47 Resources used Direct charitable ex Grants Adminislralion costs endilure o.oo 56,178.51 50.000.00 6,195.00 50.000.00 62,373.51 50,000.00 64,580.52 Total resources used Nel incomin out oin for the ear 56 178.51 56 195.00 112 373.51 114 580.52 rasources 156.178.511 112,568.281 168,746.791 171,981.051 Other r8CO nised ains and losses Gains and losses on inveslments'.- Realised Unrealised Nel movement in funds (238,696.54) 197230.10 (492,105.151 0.00 0.00 112,568.281 (238,696.541 197230.10 {504.673.43} 11,694.121 327.110.76 253,435.59 Balances brought forward al 1st November 2021 2,581,880.13 8.273.71 2,590,153.84 2.336.718.25 Balances carried fOard al 31st October 2022 £2.089 774.98 £4,294.57 £2.085.480.41 £2,590,153.84
WALTER LEES FOUNDATION CAPITAL ACCOUNT YEAR ENDED 31ST OCTOBER 2022 2022 2021 Balance brought fOard as at 1st November 2021 2,581.880.13 2,314,243.38 Add:_ Proceeds from sale of painting from the estate of Walter Lees deceased 0.00 4.40 Loss on sale of stocks and shares {161,313.211 3,716.90 Revaluation of stocks and shares (197,230.10) 327,110.76 FWD.. USD vs. GBP FWD.. HKD vs. GBP 178,180.98) 797.65 18,329.891 {50.711 EFG- Reimbursement 0.00 2,965.18 2,145.953.49 2,639,660.02 Less:. EFG Management fees 23,743.92 24,938.45 VAT thereon 4,748.79 4,987.69 Fisher Phillips 6,000.00 4,800.00 VAT Ihereon 1,200.00 960.00 Legal. accountancy, taxation and administration charges and disbursements 15,487.50 17,001.56 VAT Ihereon 3,097.50 3,400.31 Disbursements 234.00 159.90 VAT Iheron 46.80 31.98 Newion & Garner independent examination fees 1,350.00 1,250.00 VAT Ihereon 270.00 250.00 Balance carried foNard at 31st October 2022 £2,089,774.98 £2,581,880.13
WALTER LEES FOUNDATION INCOME ACCOUNT YEAR ENDED 31ST OCTOBER 2022 2022 2021 Balance brought forward as at 1 st November 2021 8,273.71 22,474.87 Dividends and interest 40,964.43 42,599.47 Scrip Dividend- Woodside Energy 2,626.24 0.00 Gross interest 36.05 0.00 51,900.43 65,074.34 Less'.- Grants to'.- Time Out Group Climbing Out Bels Brucha Sunny Days Children's Fund Clapton Support and Advice Support for All Listening Books Cerebral Palsy Plus Crisis UK 5,OQO.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 k 11 British Liver Trust Two Pennies Money Advice SPACE CIO Refreshing Minds Pauls Cancer Support Centre Fenland Black Oak CIO Lev Echod Cancer Care All in Sound The Royal School for the Blind 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 5,000.00 5,000.00 5,000.00 5.000.00 5,000.00 5,000.00 5,000.00 5,000.00 Legal, accountancy, taxation and administration charges 5,162.50 5,667.19 VAT thereon 1,032.50 1,133.44 Balance carried forward as al 31st Oclober 2022 £4 294.57 £8,273.71
WALTER LEES FOUNDATION SCHEDULE OF CREDITORS AS AT 31ST OCTOBER 2022 Newton & Garner independent examination fees 1,350.00 VAT thereon 270.00 Winckworth Sherwood LLP 4,237.70 VAT Ihereon 847.54 EFG Management Fees 0.00 VAT Ihereon 0.00 £6,705.24 10
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