2024-12-31-accounts

Wainman Trust

Report and Unaudited Financial Statements Year ended 31 December 2024

Registered Company Number: 08488831 Charity Number: 1152488

Wainman Trust

Annual Report and unaudited financial statements for the year ended 31 December 2024

Contents

Page:

• 1 Chair's statement 3 Report of the Trustees 7 Independent examiner's report 8 Statement of financial activities

• 9 Balance sheet 10 Notes forming part of the financial statements

Trustees

Mrs. OC McGlade (Chair) NJ Borrett Mrs. AK Wainman

Registered office

14 Pippin Close, Selston, Nottingham, NG16 6JE

Company number 08488831

• Charity registered number 1152488

Independent Examiners FD Advisory Services Ltd., 21 Rockcliffe Grange, Mansfield, Notts., NG18 4YW

Accountants

FD Advisory Services Ltd., 21 Rockcliffe Grange, Mansfield, Notts., NG18 4YW Bankers . , . , Kingdom Bank, Ruddington Fields Business Park, Mere Way, Ruddington, Nottingham, NG11 6JS

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Mailing, ME19 4JQ

Wainman Trust

Chair’s statement for the year ended 31 December 2024

Thankfully, 2024 was a significantly better year for the trust. This enabled us to stabilise our finances over the year and look forward to 2025 with more confidence.

We are still investigating a franchise approach to the opening of any new clubs, which may give us more financial stability in the long term and also enable us to support more older people in Nottingham and beyond. This investigation is ongoing.

We currently have six part-time staff and 16 volunteers to run the three remaining clubs. We have employed a new Project Manager to look after the Together Clubs which has released the Chair to concentrate on the bigger picture.

Plans to open further clubs in the City of Nottingham are in the planning stage and will be investigated further in 2025.

Funding

We are pleased that the importance of the service has been recognised by so many people and families in the community and thankful to those charitable trusts and foundations who have continued to support us financially. It would be impossible to run our service without the help of grants from foundations and charitable donation.

Social Media

Our social media presence remains stable but will be increased now that the Project Manager post has been filled.

Conclusion

It would not be possible to provide the service without the support and enthusiasm of our staff and volunteers, for which we are very grateful. Our trustees, Nick Borrett and Kay Wainman and our Finance Manager, Harold Oliver have donea sterling job in keeping the trust stable and improving our financial situation over the year.

| look forward to a stable and productive 2025.

Mrs. OC McGlade Chair

17 September 2025

1

Wainman Trust

Report of the Trustees for the year ended 31 December 2024

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

Reference and administrative information

The charitable company is limited by guarantee not having a share capital. It was incorporated on 15 April 2013, based at its registered office at 14 Pippin Close, Selston, Nottingham, NG16 6JE and is registered with the Charity Commission, registration number 1152488.

The Trustees and principal address of the charity are listed on the contents page. Particulars of the charity’s professional advisors are also set out within the contents page.

Structure, governance and management

Governing document

Wainman Trust is a charitable company and is also registered as a charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

Governing body

The charity’s Trustees are set out on the contents page. The Trustees also constitute the Board of Directors who accept overall responsibility for operational, financial and constitutional matters.

Recruitment and training of Trustees

The trustees of Wainman Trust, who are also directors for the purposes of company law, who served during the year were:

OC Davis (Chair) NJ Borrett AK Wainman

Trustees are appointed as and when seems fit according to the needs of the charity.

New Trustees would already be aware of the practical work of the charity and are supplied with a ‘New Trustee Pack’ with information including:

• e The obligations of Trustee membership: e Wainman Trust's Memorandum & Articles of Association, Management Structure Diagram and Business plan: and

• e Most recent Annual Report and Accounts, Management Accounts and Fundraising Strategy.

2

Wainman Trust

Report of the Trustees for the year ended 31 December 2024 (continued)

The Board of Trustees, as the company's directors, are legally responsible for the overall management and control of the charity and meet monthly.

The day to day running of the charity is managed by the Board of Trustees.

Risk management

The Trustees actively review the major risks that the charity may face. They continually monitor and control these risks to mitigate any impact that they may have on the charity in the future.

Detailed considerations of risk are dealt with by the Trustees.

Through the risk management processes established by the charity, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable, but not absolute assurance, that major risks have been adequately managed.

Key controls used by the charity include:

• e Formal agendas for all Board activity:

• e Strategic planning, budgeting, and management accounting; and e Clear authorisation and appraisal levels.

No major risks are faced or anticipated by the charity.

Objectives

The objects for which the charity is established are:

For the public benefit and are carried out in accordance with Christian principles and are restricted to the following:

• (a) To relieve any persons who are in need due to their age and whom may be sick and those persons suffering from dementia who may not be aged including but not by way of limitation through providing of one or more residential and nursing care homes

• (b) The provision of ‘old age extra care’ in Nottingham and such parts of the United Kingdom and the world as the trustees may from time to time think fit.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Ks

Wainman Trust

Report of the Trustees for the year ended 31 December 2024 (continued)

Objectives for the year

• e To continue to search for land on which to build Care Community.

• e To find a building for ‘The Hub’.

• e To develop a franchising model for future clubs.

• e To increase the number of members at our Clifton venue.

• e To continue to increase our presence on social media.

• To increase the number of ways the public can donate to the Trust via the website, social media and mobile networks.

Principle activities, achievements and performance of the year

• e We largely maintained our member numbers throughout the year. Arnold's two clubs are at capacity and have waiting lists. The average demographic is 85 with many members in their nineties. Unfortunately, | this means we have experienced a higher number of deaths this year.

• e Re-trained staff and volunteers in Safeguarding.

• e Improved networking and increased contacts made with Local Authorities.

• « By to the end of 2024 we had provided: - over 4,000 member sessions for up to 80 individuals

• 1,235 hours of respite for family/carers of 5 of our members

• • opportunities to serve for up to 16 volunteers, who have contributed a minimum of 2,865 volunteer hours between them.

Reserves and financial review

The Trustees have determined that the appropriate level of free reserves which are not invested in tangible fixed assets should be equivalent to three months of the charity’s total unrestricted expenditure, after deducting relevant income which is approximately £7,600.

At 31 December 2024, total reserves amounted to £63,232 (2023 - £30,664), fixed assets amounted to £6,189 (2023 - £8,737), the free unrestricted reserves amounted to £27,683 (2023 - £6,661) and restricted reserves amounted to £29,360 (2023 - £15,266).

4

Wainman Trust

Report of the Trustees for the year ended 31 December 2024 (continued)

Investment policy

The Trustees have the power to invest in such assets as they see fit and the charity has a policy of keeping any surplus liquid funds in short term deposits which can be accessed readily should the need arise.

Objectives for the year 2025

• ¢ To continue to keep in mind our vision to build a Care Community.

• ¢ To continue to investigate renting a building suitable for running a Together Club for 3-5 days a week in the heart of Nottingham.

• ¢ To continue to develop a franchising model for future clubs.

• ¢ To increase the number of members at our Clifton venue.

• ¢ To further develop our presence on social media.

• e To increase the number of ways the public can donate to the Trust via the website, social media and mobile networks.

• e To continue to promote the trust through presentations to organisations sympathetic to our aims.

• e We continue to consolidate our relationship with Age UK and with the Local Authority Adult Social Care Departments of both Nottingham County Council and Gedling Borough Councils who refer clients to our service.

Future plans

• e Find premises and funding to open ‘The Hub’

• ¢ Open further Together Clubs in Nottingham.

• e Find funding, staff and volunteers to run all future activities.

• e« Keep our social media platforms and website up-to-date and relevant.

Public Benefit Statement

The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission's general guidance on public benefit, and have concluded:

• e That the aims of the organisation continue to be charitable:

• e That the aims and work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need:

• e That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay: and

• e That there is no detriment or harm arising from the aims or activities.

Wainman Trust

Report of the Trustees for the year ended 31 December 2024 (continued)

Tax Status

Wainman Trust is a registered charity and is exempt from Corporation Tax and Income Tax.

This report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.

On behalf of the Board

Mrs. OC McGlade Chair

17 September 2025

Independent examiner’s report to the members of Wainman Trust

| report on the accounts of Wainman Trust for the year ended 31 December 2024, which are set out on pages 8 to 15.

Respective responsibilities of trustees and examiner

As the charity trustees of the company (and also directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the companies act 2006 (the 2006 act).

Having satisfied myself that the charity is not subject to audit under part 16 of the 2006 act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 act). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

• (2) the accounts do not accord with those records; or

• (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

• (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

| have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Martin Jeffs FD Advisory Services Ltd. 21 Rockcliffe Grange Mansfield Notts. NG18 4 YW

17 September 2025

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Wainman Trust

Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2024

ended 31 December 2024	ended 31 December 2024	ended 31 December 2024	ended 31 December 2024	ended 31 December 2024	ended 31 December 2024	ended 31 December 2024	ended 31 December 2024
mn nee i
		Unrestricted	Designated		Restricted
		Funds	Funds		Funds	2024	2023
Income and endowments	Note	=	£		£	£	z
from:
- Charitable activities	Z	96,941		-	47,225	144,166	128,856
- Investments	3	1,263		-	293	1,556	317
Total Income and		98,204		-	47,518	145,722	129,173
endowments
Expenditure on:
Raising funds	4	11,661		-	9,152	20,813	22,053
Charitable activities	4	68,069		-	24,272	92,341	121,299
Total expenditure		79,730		-	33,424	113,154	143,352
Net income/(expenditure)	7	18,474		-	14,094	32,568	(14,179)
Transfers between funds		-		-	-	-	-
Netmovement in funds		18,474		-	14,094	32,568	(14,179)
Reconciliation offunds:
Total funds at	12	15,398		-	15,226	30,664	44,843
1 January 2024
Total funds at
31December2024	12	33,872		-	29,360	63,232	30,664

All of the above results are derived from continuing activities. All gains and losses recognized in the year are included above.

The notes on pages 10 to 15 form part of these financial statements.

8

: Wainman Trust

Balance sheet at 31 December 2024

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||||||||| |---|---|---|---|---|---|---|---| |Note|2024|2023| |£|£|£|£| |Fixed|assets| |Tangible|assets|8|6,189|8,737| |Current|assets| |Investments|9|10,935|10,642| |Debtors|10|-|1,968| |Cash|at|bank|and|in|hand|63,875|27,329| |74,810|39,939| |Creditors:|amounts|falling|due| |within|one|year|11|(17,767)|(18,012)| |Net|current|assets|57,043|21,927| |Total|assets|less|current|liabilities|63,232|30,664| |Charity|Funds| |Unrestricted|13|33,872|15,398| |Unrestricted —|designated|13|-|-| |Restricted|13|29,360|15,226| |Total|charity funds|63,232|30,664|

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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

• Trustees responsibilities: e The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476:

• e The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to the accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Board on 17 September 2025 and signed on its behalf by

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}
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Mrs. OC McGlade Mrs. AK Wainman Chair DIrestip. J A Registration number: 08488831 Htc Uy COMMA MAA The notes on pages 10 to 15 form part of these financial statements. °

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Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024

1 Accounting policies

General information and basis of preparation.

Wainman Trust is a charitable Company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information within the contents of these financial statements. The nature of the charity’s operations and principal activities are that of residential care activities for the elderly and disabled.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements 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 (FRS 102) issued on 5 October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income and expenditure account

| The Statement of Financial Activities on page 9 discloses the identical information as that of | the Income and Expenditure account and as such no Income and Expenditure account has | been prepared.

Income recognition

| All incoming resources including income received under contract or where entitlement to grant funding is subject to specific performance conditions are recognised as earned as the related services are provided. Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty, the amount can be measured with sufficient reliability and it is probable that the income will be received. Income is deferred when performance related grants are received in advance of the time period or expenditure to which they relate occurring.

Donations and gifts receivable for the general purposes of the charity are recognised where there is entitlement, the amount can be measured with sufficient reliability and it is probable that the amount will be received.

Donations for purposes restricted by the wishes of the donor are taken to restricted funds.

Investment income and other income are recognised on a receivable basis.

10

Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024 (continued)

1 Accounting policies (continued) Expenditure recognition

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Is it categorised under the following headings:

• e Costs of generating funds are those costs incurred in attracting voluntary income.

• e Charitable activities include expenditure associated with the running of the charity's operations and include both the direct costs, support costs relating to those activities and governance costs which are those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Grant payments are recognised whena constructive obligation arises that results in the payment being unavoidable.

Value Added Tax

As the charitable company is unable to reclaim Value Added Tax, all expenditure in these financial statements is inclusive of Value Added Tax.

Funds

Unrestricted funds consist of funds which the charity may use for general purposes at the Trustees’ discretion.

Restricted funds represent income contributions which are allocated to a particular purpose in accordance with the donor’s wishes.

Designated funds form part of the charity's unrestricted funds which have been set aside by trustees for a particular purpose.

Tangible fixed assets and depreciation

Fixed assets are initially recorded at cost.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives at the following rates:

Fixtures and fittings - 20% straight line basis

Debtors and creditors receivable/ payable within one year.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including the transaction costs.

Concessionary Loans

Concessionary loans include those payable to a third party which are interest free or below market interest rates and are made to advance charitable purposes. All loans are measured at cost less impairment.

11

Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024 (continued)

1 Accounting policies (continued)

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a company for UK corporation tax purposes.

2	Charitable activities	Unrestricted	Restricted
		funds	funds	2024	2023
		3	£	£	£
	Grants and donations	52,965	47,225	100,190	81,584
	Together Clubs	43,976	-	43,976	47,272
		96,941	47,225	144,166	128,856
3‘	Investment income
		Unrestricted	Restricted
		funds	funds	2024	2023
		£	£	£	£
	Bank interest	1,263	293	1,556	317
4	Expenditure	Raising	Charitable	Total	Total
		funds	activities	2024	2023
		£	£	£	£
	Fundraiserand marketing	9,152	489	9,641	7,396
	TogetherClubs Other costs	- 861	85,419 -	85,419 861	116,024 596
	Professional fees	10,800	400	11,200	14,634
	Depreciation Independent examination Accountancy Training courses	- - - -	3,260 1,250 1,523 -	3,260 1,250 1523 -	2,242 1,200 1,200 60
		20,813	92,341	113,154	143,352

The independent examiners remuneration of £1,250 relates to fees for the independent examination only.

5 Staff costs

The average number of employees during the year was 6 (2023 — 8). There are no employees who received total employee benefits of more than £60,000.

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Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024 (continued)

5 Staff costs (continued

		2024	2023
		£	3
Salaries		55,684	75,711
Pension	costs	1,415	2,008

6 Trustees’ remuneration

Martin Jeffs, a former Trustee, received £Nil (2023 - £10,413) for accountancy work on the charity. Other than this no other Trustees received any remuneration for their services.

7 Net expenditure

	This isarrived ataftercharging:	2024	2023
		£	£
	Depreciation ofowned assets Loss on disposal ofowned assets	2,166 1,094	2,229 13
8	Tangibleassets	Fixtures
		and
		Fittings	Total
		£	£
	Cost
	At 1 January2024 Additions Disposals	19,380 712 6,883	19,380 712 6,883
	At 31 December 2024	13,209	13,209
	Depreciation
	At 1 January 2024 Charge forthe year On disposals	10,643 2,166 5,789	10,643 2,166 5,789
	At 31 December 2024	7,020	7,020
	Net book value
	At 31 December 2024	6,189	6,189
	At31December2023	8,737	8,737

13

Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024 (continued)

9	Investments	2024	2023
		3	£
	Cash and cash equivalents on deposit	10,935	10,642
		10,935	10,642
10	Debtors	2024	2023
		E	£
	Trade debtors	-	-
	Other debtors.	-	1,695
	Prepayments and accrued income	-	273
		-	1,968
	All amounts shown under debtors fall due for payment within one year.
11	Creditors: amounts falling duewithin one year	2024	2023
		E	£
	Trade creditors	3,758	2,029
	Taxation and social security	95	-
	Accruals and deferred income	1,400	1,469
	Concessionary loans payable	12,514	14,514
		17,767	18,102

The concessionary loan is made at an interest rate equal to that received by the charity on its investment.

12 Accumulated funds

Net assets of the charity’s funds

		Fixed	Net current
		assets	Assets	Total
		£	£	£
Restricted funds		-	29,360	29,360
Unrestricted funds	—general	6,189	27,683	33,872
		6,189	21,927	62,232

14

Wainman Trust

Notes forming part of the unaudited financial statements for the year ended 31 December 2024 (continued)

12 Accumulated funds (continued)

Restricted funds are for wages, fundraising, activities, trips and food etc., the Arnold Together club and energy costs as instructed by the donors.

13	Fund reconciliation	Fund reconciliation
	Unrestricted	funds
		Balance					Gains /		Balance
		at	Income	Expenditure	Transfers		(losses)		at
		1 Jan							31 Dec
		2024							2024
		£	a	£	£		£		£
Unrestricted		15,398	98,204	(79,730)	-			-	33,872
Designated		-	-	(-)	-			°	-
Restricted funds
		Balance					Gains	/	Balance
		at 1 Jan	income	Expenditure	Transfers		(losses)		at 31 Dec
		2024							2024
		2	£	£	£		E		va
Restricted		15,266	47,518	(33,424)		-		-	29,360

14 Related party transactions

The total aggregate donations received from related parties without conditions amounts to ENil (2023 - £5,900).

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The page which follows does not

form part of the statutory

financial statements of the company

Wainman Trust

Detailed income and expenditure account for the year ended 31 December 2024

	Unrestricted	Unrestricted	Designated	Restricted
		funds	funds	funds	2024	2023
		E	E	£	E	£
Income
Donations
Gifts and donations		52,965	-	47,225	100,190	81,584
Together Clubs		43,976	-	-	43,976	47,272
		96,941	-	47,225	144,166	128,856
Other
Bank interest receivable		1,263	-	293	1,556	317
Total income		98,204	-	47,518	145,722	129,173
				2024		2023
Overheads				£		£
Costs specifically relating	to generating
funds
Fundraiser and marketing				9,641		7,396
Website costs				-		-
Professional fees				11,200		14,634
Postage, printing and stationery				562		537
Miscellaneous expenses				299		59
				29,519		22,626
Administration
Depreciation				2,166		2,229
Loss on disposal ofassets				1,094		13
				3,260		2,242
Independent examination and accountancy				2,173		2,400
Together Clubs				85,419		116,024
Other costs				-		60
				88,192		118,484
Totaloverheadsandresources		expended		113,154		143,352

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