Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
Trustees’ Annual Report for the period
From 01/01/2024 Period start date To
31/12/2024 Period end date
Charity name: Wealthtime Foundation
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 including London and Salisbury. 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 and specifically focuses on helping those it supports to ‘pursue their potential together’ (its ‘Purpose’). |
| 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 Para 1.38 Policy on grant making
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
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 continued to support smaller charities and charitable causes throughout the reporting period in Bath, London and the South West and raise funds for its grant making activities. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set Para 1.41
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
Investment performance against objectives Other
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Wealthtime Foundation received £17,739 during the reporting period and spent £8,205 on charitable activities. The charity had cash funds of £22,208 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 and trustee changes rather than a deliberate accumulation of reserves. |
| Amount of reserves held | Para 1.22 | £22,208 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: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
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, typically following an interview/ expression of interest in joining the charity. |
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 now to meet monthly as per its latest terms of reference and is committed to distributing more of the amounts held in reserves to charitable causes by the year end. 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: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
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) |
|---|---|---|---|---|
| Nicholas James French |
Chair | From 11/12/2024 | The Wealthtime Foundation board of trustees |
|
| Joanne Elizabeth Benson |
From 06/10/2023 | The Wealthtime Foundation board of trustees |
||
| Martin Jackson | From 12/12/2023 | The Wealthtime Foundation board of trustees |
||
| Shona Rose McCluskey |
From 11/12/2024 | The Wealthtime Foundation board of trustees |
||
| Emma Dando | From 10/06/2025 | The Wealthtime Foundation board of trustees |
||
| Rebekah Aimee Bevan |
From 10/06/2025 | 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." AF5599B2-C62F4D3F-BDSE-D916A3B7773E
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
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: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
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 |
||
|---|---|---|
| Nick French | Martin Jackson | |
Trustee (Chair) |
Trustee | |
31/10/2025 |
||
31/10/2025 |
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
| Wealthtime Foundation | Wealthtime Foundation | 1176128 | ||
|---|---|---|---|---|
| Receipts and payments accounts | CC16a | |||
| For the period from |
01/01/2024 | To | 31/12/2024 |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 17,739 - - - - - - - 17,739 - - - 17,739 8,205 80 - - - - - - - 8,285 - - - 8,285 9,454 - 12,754 22,208 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 17,739 - - - - - - - 17,739 - - - 17,739 8,205 80 - - - - - - - 8,285 - - - 8,285 9,454 |
Last year to the nearest £ |
|
| Fundraising | 17,739 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
17,739 |
|||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - |
- | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
Charitable activities |
8,205 | - | ||||
| Bank charges | 80 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total | 8,285 | - | ||||
| 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 |
||||||
| - | ||||||
| 9,454 | - | - | 9,454 |
- | ||
| - | - | - | - | - | ||
| 12,754 | - | - | 12,754 | - | ||
| 22,208 | - | - | 22,208 |
- |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds CCXX R1 accounts (SS) |
Details Total cash funds Bank account 1 |
Unrestricted funds to nearest £ 22,208 - - 22,208 |
Restricted funds to nearest £ - - - - |
Endowment funds to nearest £ |
|---|---|---|---|---|
| 22,208 | - | - | ||
| - | - | - | ||
| - | - | - | ||
| 22,208 | - | - |
Docusign Envelope ID: AF5599B2-C62F-4D3F-BD5E-D916A3B7773E
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use |
Details (agree balances with receipts and payments account(s)) Details Details Details Signature |
OK 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 Nick French Martin Jackson |
OK |
|---|---|---|---|
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| 31/10/2025 | |||
| 31/10/2025 | |||
CCXX R2 accounts (SS)
31/10/2025
2