THE SYDNIIY AND SHEILA MCGHEE CHARITABLE TRUST ANNUAL ACCOUPtrs 5 APRIL 2025 CONTENTS Poge Trust inforination Trustees, report Independent Examiner's report Stal¢ment of financial activities Balance sheet Notes to the accounts Schedule of donations made Charity registration number: 1175522
THE SYDIYEY AND SHEILA MeGHEE CHARITABLE TRUST TRUST INFORIVAATION 5 APRIL 2025 Trustees OLBond M R Spratt Coverning document Trust deed dated 16 May 2016 Contaet address 35 Westgale Huddersfield HDI IPA Independent F.%aminer Wheawill & Sudwortli l.imitcd Chartered Accountsnt5 35 W¢btgate Huddersfield HDI IPA Btsnk Virgin Money 1541158 Kensington High Street London W8 7RL
114F..%¥DIN'F.I' AND siir.ILA [(GI{EE CHARITAIII.F. TRII,%T l-RllS'1-EbS' RLP()RT l-IIL InitsleiS pfLSLiII Ilieir rL'pofl iiid acc()tsntN for thL yLar endcd 5 April 2025. PrincipRI aclii'iti, and slatiis ThL tN.%l 1% a iioii-pr()lil %LLkiiigT chiiritablL ofgJ£l11isatioii wliusL principlil activily during ihc yLar was lo providL linancial siipport lor Lliarities and ihariiahle purp()SLS. 'rrustces' responsibilitie$ for prepuring thc Rccounts Tnisi laiip riquifL% IIIL Ini.%lLes to prLparc LCOiITli% fur cacli financi21 yeur ivhiLh bFivc ll irue 4711d fair view of the sla(L of ttffjirs ol- Il)L tr1151 Jiid of tlie prolil or loss of ilie tnisi fvr Èhat pcriod. In prcparing those aLLDuiIL%. IhL Iru%tccs arc riquiTLd io clcLI suitablc accouiilinq piiliLiCS und Ihcn apply them consislenily: iiidkL.jiidI)etlis lind L.qIjiiiiiLS tlial arL Tca8()Illc ble an(i prudciit., prLpare Ilie ilCLOUI)t% (?n ihc gioing conLern basis 11iilc5s il 15 inappropriate to presttme thJt the trust will Tlic tru%tCLS dfL fL'bpJii%iblL for kceping propcr dccounting rccords ivhich disclosL with reasonable accurd¢y ai :II]!r ljll)e ihe fiiiaiicial 170sition of tlie trust aiid io enable them lo eiisur¢ thai Ihe accouIits comply wilh relii'aiJi ILs¥ii%latioii. TIIL), are 21%0 r¥sponsible for safcbTiiardinbF the as5et.% of the liust and hence for taking [¥Li%oJiablc 5tLPs for the picvLntion diid d¢lcclion uf fraud dnd othcr irrcL¥ul¢1rities. Trustee5 The trustees .hO seTved during the year iveTe.' GLBond M R Sprdlt Roi'ieii or rinancial position These dLtails are sei out in ilie Statement of Financial Activities on pag¢ 5 of the ac¢ounts. Total Teserves of IhL trust at 5 April 2025 werc £1,232,453 (2024.. £1,287,565). Public benefSt stAtement Tl)e tnt¢eS have considered the gcneral guidanc¢ on public benefit issued by the Charity Cornniission in carrying out its objectives dnd a¢tivili¢s and arc satlbficd the trubt 15 ¢omplidnl with its constitution and the pruvisions of the Charities Acl 2011. Reserve5 policv and rlsk manaEement ThL trnstcc.4 hdve formuldted policies to cnsurc that the trust maintains adcquatc rescrvc4 to finaiiLc its operations. Risk managFLInenl proccdures are in place to help safcguard the on-going viability of Ihe lrnst and io protect ils assets. If of the trustees GLBOND TrustLe 12 J&t]uary 2026
THE SYDNEY AND SHEILA MCGHEE CHARITABLE TRUST REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES We report 011 the accounts of The Sydney and Sheila McGhcc Charitable Trust for the year ended 5 April 2025 which are set oiit on pages 4 to 7. Respeetive responsibilitie5 of trustees As the trustees you are respoiisible for the Preparation of ihe accounts. Tlie trustees consider tliat an aiidit is not requir¢d for this year under section 144 of the Charities Act 2011 (the A¢t) and that an independent exainination is needed. It is our responsibility to.. examine the accounts under section 145 of the Aet; to follow tl)e procedures laid down in General Directo given by the Cliarity Commission (under section 14515)Ib) of the Act): and io %tate whether particular matters have Come to our attention. Basis of independent examiner's report Our examination ivas carried out in accordance with the General Directions &Fiven by the Charity Commission. An examination includes a review of the accoiinting records kept by the charity and a comparison of the accounrs presenied with tliose recoi'ds. It also includes consideration of any unusual items or disclosiiTes in thc aecollnls, and seeking explanations from you as directors coiicerning any such matters. The procedures und¢rtakeii do not provide all the evidence that (oUld be required in an aiidit, and conseqiiently no opinion is giiven as to whether the accounts prescT]t 'true and fair, view and the report is limited to those tnatters Set out in the statemeni below. IDdepeLdent examiner's statement In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any Inatcrial respect the requiremcnls lo keep accounting records in accordance with section 130 of the Act,. and to prepare accounts which a¢¢ord with the accounting records and comply with thc accounting requirements of the Act have not been met; or to wlii¢h, in our opinion. attention should be drawn in order to enable a proper understanding of the counts to be reached. WHEA WILL & SUDWORTH LIMITED Chartered Accountants 35 Westgate Huddersfield HDI IPA 12 January 2D26
THE SYDNEY AND SHEILA MCGHEE CHARITABLF. TRUST STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 APRIL 2025 Unrestrictcd Unrestricted fuiids funds 2025 2024 Notes Incoming resourees Cliaritable reveniiLS Investment income Investment gains 38,489 56,931 59,483 Total incoming resources 38,489 116,414 Resources expended Charitable expeiiditure Management and administration Inveslmcnl losses 48,750 1 5,658 29,193 36,935 15,063 Total resourced expended 93.601 51,998 Net incoming {outgoing) resources for the year (55,112) 64,416 Totsl funds at 6 April 2024 1,287,565 1,223,149 Total fund5 at S April 2025 1.232,453 1,287,565 The notes on pages 6 and 7 form part of these accounts.
THE SYDNEY AND SHEILA MCGHEE CHARITABLE TRUST BALANCE SHEET 5 APRIL 2025 Notes 2025 2024 Assets Invcstinenls Cash at bank 1,200,883 32,650 1,246,190 42,455 1,233,533 1,288.645 Creditors: amounts falling due within one year {1,080) (1,080) Net assets 1.232.453 1,287.565 Reserves Unresiricied funds 1,232,453 1,287,565 The accounts on pages 4 to 7 were approved by the board of irustees on 12 January 2026 and signed on its behalf by M R SPRATT- Trustee Charity registration number 1175522 The notes on page$ 6 and 7 form part of these accounts.
THE SYDNEY Af4D SHEILA MCGHEE CHARITABLE TRUST NOTES TO THE ACCOUNTS S APRIL 2025 Accounting poli¢ies B15 of a¢counling The financial statement5 have been prepared under the historical cost convention and include the results of tlie charity's operations which are described in the trustees, report and all of which are continuing. The financial statements have been prepared in J¢¢ordan¢e with Accounting and Reporting for Charities.. Statement of Recominended Practice applicable lo ¢harities preparing their accoiints in a¢cordance wilh the Financt ReportEng Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 201 l and UK GcneTally Accepted Accounting Practice. Thc Charity is exempt from prLparingy a ¢a%h IIOW Statement. Fund accoiinting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general activities of the charity and which have not been designated for other purposes. I'axation The charity is not generally liable for tax by reason of its charitable obje¢ts and status. Incoming resources All in¢omingy Te.%our¢es are included in the Statements of Financial Activities when the eharity is Icgally cntitled to Ili¢ incoine and tlie amount can be quantified with reasonable accuracy. Value added tax Value added tax is not recoverable by the charity. and as such is included in the relevani costs in the Statement of Financial Activities. Resour¢es expended All expenditure is a¢¢ounted for on an accruals basis and has been classified under headings that aggregate all c051s related to that category. Where costs cannot be directly attribiited to particular headings tliey have beeii allocated to activities on a basis consistent with the use of resources. Expenditure on management and administration of the charity Administration expenditure not directly related to the charitable activity predominantly includes professional fees. Financial instruments Financial instruments are classified and a¢¢ount¢d for, accoi'ding to the substaiicc of the contra¢tiial arrangement, as financial SetS, finaiicial liabilities or equity instruments. An equity instrument is any contract that cvidences a residual interest in the assets of the charity after deducting all of its liabilities. Charitable revenues 2025 2024 Charitable activitie5
THE SYDNEY AND SHEILA MCGHEE CHARITABLE TRUST NOTES TO THE Accouf4TS (eontinuedl 5 APRIL 2025 Investment income 2025 2024 Dividends and interest Realiscd gains Unrealised gains (105ses) 30,016 8,473 (29,193) 22,575 34,356 59,483 9.296 116.414 Charitable expenditure Donations made (see page 8) 48,750 36,935 Management and administration Investmeiit and professional costs Travel expenses 15,658 15.033 30 15,658 15,063 Net incoming (olltgoing) resources for the year Thi5 15 5laled after charging.. Trusiees, expenses 30 The charity had no employees during the year (2024: none). Knveslments Multi Asset wrap portfolio 1,200,883 1,246,190 Creditors: amounts falling due within one year Accruals 1,080 1,080 Capital ¢ommitment$ Capital expenditure conlTacted but not provided in the a¢¢oiints 10 Related party disclosure5 The trustees are not aware of any material related party transactions that require disclosure. There is no one controlling party of the chaTIty.
THF. SYDNEY AND SHEILA MCGHEE CHARITABLE TRUST SCHEDULE OF DONATIONS MADE 5 APRIL 2025 2025 2024 Life Asso¢iation 015 Cornerstone Mercy UK Aspire Creating Communities Street Soccer Create Bolton On¢ in a Million Friend.q of Higjbury Open doors Oiitlook Expedition Mental health assessment for charity worker Shekinah Chri5tÉan Centre Bourne Evangelical Chui'ch Clirist Central Gospel in the Dales Life Reach Stable Lives Individual family welfare donation ITF_) 4,000 1,000 6.000 8.000 6,000 2,500 1.000 1,000 12,000 3,000 250 1.000 500 1,185 1,500 12,000 3,000 1.030 1.000 1,000 6,000 2,500 500 9,720 Total 48,750 36,935