REGISTERED CHARITY NO: 1178201 (CHARITY COMMISSION)
The Williams-Gray Foundation
Annual Accounts
for the period ended 31 March 2021
The Williams-Gray Foundation.
Contents of the Annual Accounts for the period ended 31 March 2021
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees’ annual report | 2 |
| Breakdown of donations | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the Annual Accounts | 6 |
| Independent examiner’s report | 7 |
The Williams-Gray Foundation.
Charity Information
CHARITY NAME: The Williams-Gray Foundation REGISTERED NUMBER: 1178201 (Charity Commission) POSTAL ADDRESS: Greenhill Russells Water Henley on Thames Oxfordshire RG9 6ER TRUSTEES: Mr C S Gray Mrs N A Williams-Gray Miss G Williams-Gray Miss V A Williams-Gray ACCOUNTANTS: Buffery & Co Ltd 2 West Street Henley on Thames Oxfordshire RG9 2DU
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The Williams-Gray Foundation.
Trustees’ annual report For the period ended 31 March 2021
The Trustees present their annual report and financial statements of the charity for the period from incorporation to 31 March 2021.
Achievements and Performance
The Charity was formed on 1 May 2018. The first funds were disbursed during 2018.
Financial Review and Policy on reserves
The Trustees seek to maximise the resources available to the charity. They have taken no expenses or remuneration and will, in the future, consider investing the funds available prudently so that regular income can be generated to support the objectives of the Charity. Income during the year consisted of donations and gift aid receipts from HMRC that were automatically collected by intermediary donation services.
Structure Governance and Management
The Foundation is a Charitable Incorporated Organisation, with a constitution and objects approved by the Charities Commission. The Trustees keep a tight control of expenditure and approve all disbursements.
Objectives and Activities
The main objective of the charity is to advance any purposes which are exclusively charitable under the law of England and Wales from time to time by providing grants to charities or other non-profit organisations identified by the trustees at their discretion.
As a result of Covid 19 all fund raising activities that had been planned for the year were wither cancelled or postponed. As a consequence the funds raised were significantly impacted. Despite this through the efforts and generosity of the trustees £13,550 was raised.
Given the uncertainty caused by the pandemic the decision was taken to reduce the level of donations to £3,350 which would then provide an addition £10,000 that would be held in reserve.
Clearly we all hope that 2021 will be a better year and that we will be able to hold the planned “G in the Dark Music Festival which we anticipate will significantly improve the financial position of the charity and its ability to provide the much needed support to local charities.
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The Williams-Gray Foundation.
Breakdown of donations for the year ended 31 March 2021
This was the second period of operation. Donations were made as follows:
| Adventurers Trust Teesside School Openwork Foundation |
£ 100 100 3,150 |
|---|---|
| 3,350 |
SIGNED ON BEHALF OF THE TRUSTEES:
Mr C S Gray – Trustee
12 November 2021
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The Williams-Gray Foundation.
Statement of financial activities for the year ended 31 March 2021
| Year ended 31 March 2021 £ £ Incoming resources Donations received Gift Aid from HMRC 13,550.14 Total Incoming resources 13,550.14 Resources expended Donations 3,350 Printing, postage, and stationery Venue hire 867 Legal expenses Accountancy and administration 360 Examination fee 360 Total resources expended 4,937 Net incoming/(outgoing) resources 8,613 Net surplus brought forward 10,959 Net surplus (deficit) carried forward 19,572 |
Year ended 31 March 2020 3,852 3,852 9,875 450 450 10,775 (6923) 17,882 10959 |
|---|---|
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The Williams-Gray Foundation. (Registered Charity number: 1178201)
Balance Sheet as of 31 March 2021
| Current Assets Cash at Bank Current Liabilities Loan from Trustees Accrued Expenses Net Current Assets (Liability) Financed by Surplus/(Deficit) for year Surplus/(Deficit) b/fwd Reserves |
2021 £ - 720 |
20,292 (720) 19,572 8,613 10,959 19,572 |
2020 £ 11,859 - 900 (900) 10,959 (6,922) 17,882 10,959 |
2020 £ 11,859 - 900 (900) 10,959 (6,922) 17,882 10,959 |
|---|---|---|---|---|
| 10,959 | ||||
| (6,922) 17,882 |
||||
| 10,959 |
The annual accounts were approved by the trustees on 12 November 2021 and were signed by:
Mr C S Gray
(Trustee)
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The Williams-Gray Foundation. (Registered Charity Number 1178201)
Notes to the Annual Accounts for the year ended 31 March 2021
1. Basis of preparation
Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with Charities SORP (FRS 102); and with the Charities Act.
2. Accounting policies
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
3. Details of certain items of expenditure
| Trustee expenses | 2021 | 2010 |
|---|---|---|
| No expenses were paid in period | ||
| Professional Fees | ||
| Independent examiner’s fees for reporting on the accounts | £360 | £450 |
| Other fees for accountancy and administration | £360 |
£450 |
| Administrative Costs | ||
| Expenses incurred in cancellation of G in the Dark Music Festival | £867 | - |
| 4. Accrued Expenses | ||
| Professional fees accrued for but not paid at year end. | £720 | £900 |
| 5. Transaction with related parties |
The trustees received no remuneration or re-imbursement of expenses during the year.
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Independent examiner’s report
on the Accounts of the Williams-Gray Foundation. for the year ended 31 March 2021
We report to the trustees of The Williams-Gray Foundation. (charity number: 1178201) on the accounts for the period ended 31 March 2021 set out on pages 2 – 5 of this report.
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mark Buffery FCA
Buffery & Co Ltd 2 West Street Henley on Thames Oxfordshire RG9 2DU
12 November 2021
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