Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Trustees’ Annual Report for the period** **From 01/01/2023 Period start date To Charity name: Wealthtime Foundation** **31/12/2023 Period end date** **Charity registration number: 1176128** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|(1) Such exclusive charitable objects and
purposes, for the public benefit, in any
part of the world as the charity trustees
may in their discretion think fit.
(2) Nothing in this constitution shall
authorise an application of the property
of the CIO for the purposes which are
not charitable in accordance with
section 7 of the Charities and Trustee
Investment (Scotland) Act 2005 and
section 2 of the Charities Act (Northern
Ireland) 2008.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The Wealthtime Foundation was
established to support projects and
initiatives for the benefit of people in and
around the city of Bath, and other parts of
the UK at the discretion of the trustees. The
charity does so by raising funds through
fundraising activities and the receipt of
donations which it in turn uses to provide
grants to local charities and initiatives that
align with its objects. The charity’s trustees
agreed during the reporting period that the
charity should specifically focus on helping
those it supports to ‘pursue their potential
together’ (its ‘Purpose’) and to broaden its
support for charities and initiatives further
afield in the London and Salisbury areas.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|All trustees are aware of the charity’s
objects and the need for them to exercise
their powers for and with regard to the
public benefit.| **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|The Wealthtime Foundation trustees
agreed in January 2023 that the charity’s
policy on grant making should align with the| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 charity’s aforementioned Purpose wherever possible. Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The Wealthtime Foundation (then known
as the Novia Foundation CIO) continued to
support smaller charities and charitable
causes throughout the reporting period in
the Bath area and raise funds for its grant
making activities. Two of the charity’s
trustees took part in a Three Peaks
challenge in July 2023 which raised more
than £6,000 for the Foundation.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |||| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 |Investment performance
against objectives|Para 1.41|| |---|---|---| |Other||| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Wealthtime Foundation received
£13,915 during the reporting period and
spent £15,923 on charitable activities. The
charity had cash funds of £12,754 at the
end of the reporting period.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Wealthtime Foundation seeks to
distribute all monies it has raised through
fundraising events and charitable donations
and the cash still held in reserve at the end
of the reporting period was a result of
timing rather than a deliberate
accumulation of reserves.| |Amount of reserves held|Para 1.22|£12,754 held in the Wealthtime
Foundation’s bank account at the end of
the reporting period for the reason stated
above.| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Fundraising and donations made by the
staff of Novia Financial plc (t/a Wealthtime)
and Wealthtime Ltd and the wider public
more generally.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointment by the board of trustees
following an interview process| **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Provision of the charity’s CIO and annual
report and accounts in accordance with the
charity’s constitution.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The charity’s board of trustees strives to
meet at least 4 times a year in accordance
with an agreed upon terms of reference
outlining its duties, responsibilities,
membership, quorum requirements and
standing items amongst other matters.
Meetings of the charity are organised by
the board’s chair and minutes and records
of these meetings are kept and stored at
the charity’s principal address.| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Wealthtime Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1176128| |Charity’s principal address|Cambridge House
Henry Street
Bath
BA1 1EB| ||| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Robert Vaudry|Chair||The Wealthtime Foundation
board of trustees| ||Lucy Bristow||From 21/03/2023|The Wealthtime Foundation
board of trustees| ||Joanne Benson||From 06/10/2023|The Wealthtime Foundation
board of trustees| ||Neil Harvey||From 06/10/2023|The Wealthtime Foundation
board of trustees| ||Martin Jackson||From 12/12/2023|The Wealthtime Foundation
board of trustees| ||Jackie Baker||From 14/02/2024|The Wealthtime Foundation
board of trustees| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** N/A Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |N/A||| Docusign EnvelopÈ ID." OCDOOA5848E444AC-A2D(k43A066119FD9 Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Other optional information** Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||
Lucy Bristow|Martin Jackson| |||| ||
31/10/2024|| ||
31/10/2024|| Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ||**Wealthtime Foundation**|**Wealthtime Foundation**|**Wealthtime Foundation**|**1176128**| |---|---|---|---|---| ||**For the period**
**from**|01/01/2023|**To**|31/12/2023| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**13,915**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**13,915**
**-**
**-**
**-**
**13,915**
**15,923**
**61**
**350**
**-**
**-**
**-**
**-**
**-**
**-**
**16,334**
**-**
**-**
**-**
**16,334**
**- 2,419**
**-**
**-**
**- 2,419**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**
**13,915**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**13,915**
**-**
**-**
**-**
**13,915**
**15,923**
**61**
**350**
**-**
**-**
**-**
**-**
**-**
**-**
**16,334**
**-**
**-**
**-**
**16,334**
**- 2,419**|**Total funds**
**to the nearest £**
**13,915**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**13,915**
**-**
**-**
**-**
**13,915**
**15,923**
**61**
**350**
**-**
**-**
**-**
**-**
**-**
**-**
**16,334**
**-**
**-**
**-**
**16,334**
**- 2,419**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| |Fundraising|**13,915**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**13,915**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**13,915**|||**13,915**||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**||**-**
**-**
**-**|**-**||| ||**-**|||**-**||**-**| |**_Sub total_**|**-**|||**-**||**-**| |**_Total receipts_**
**A3 Payments**||||||| ||||**-**|**13,915**||**-**| |||||||| |Charitable activities|**15,923**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**15,923**||**-**| |Bank fees|**61**|||**61**||**-**| |Invoiced expenses|**350**|||**350**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| |**_Sub total_ **|**16,334**|||**16,334**||**-**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**||**-**
**-**
**-**|**-**||| ||**-**|||**-**||| |**_Sub total_ **|**-**|||**-**||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| ||||**-**|**16,334**||**-**| |||||||| ||**- 2,419**|**-**|**-**|**- 2,419**||**-**| ||**-**|**-**|**-**
**-**|**-**||**-**| ||**-**|**-**||**-**||**-**| ||**- 2,419**|**-**|**-**|**- 2,419**||**-**| CCXX R1 accounts (SS) 31/10/2024 1 Docusign Envelope ID: 0CD00A58-68E4-44AC-A2D0-43A066119FD9 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**
|Signature
**Details**
**Details**
Bank account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**12,754**
**-**
**-**
**-**
**-**
**-**
**12,754**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Lucy Bristow
Martin Jackson|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||31/10/2024| ||||31/10/2024| ||||| CCXX R2 accounts (SS) 31/10/2024 2