Charity registration number 118177S (England and Wales)
C(Mnpany registration number 11133860
THE WELLAND TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE WELLAND TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms J Rees
Miss P Jones
Miss l Murphy
Mrs S Saunders
Charity number
1181775
Company number
11133860
R8giSter•d offie•
Craftsman House
De Salis Diive
Hampton Lovett
or01￿1¢h
Worcesleishlre
England
WR9 OQE
Independent examiner
Colm McGrory
Ormerod Rutter Lirnf(ed
The Oakley
Kiddermlnsler Road
Dro1￿ICh
WOr￿sters￿lre
WR9 9AY

THE WELLAND TRUST
CONTENTS
Page
Twstees. report
Independent examinerfs report
Statement of financial actwilies
BaLgnc& sheet
Notes lo the financial ststements
8-17

THE WELLAND TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial stalernenls for the year ended 31 December 2024.
The financial 51alements have been prepared in accoTd3nce with the accounting policies sel out in note 1 to the
financial slalernents and comply with the charity5 rnemorandum and artrles of association, the Companies Act
2006 and 'Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable lo charitie5
preparin9 their accounts in accoidance with Ihe Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021" {effectlve 1 January 2019).
Objèctives and activities
Thé Charity's objècts
1. To relieve the needs of care experienced people primarily. bul not exclusively, through advancing their health.
relieving unemployment. the provision ol financial assislanca and by developing their skills and Eapacity $0 that
they are able lo participate more fully in society-
2. The provision of housing, induding Social Housing, and assistanc& to help house care eXperien￿d people
and associated facilities. amenities and services for them.
For the purpose of this dausè 'care experienced, means children or adults who have at some slage had foster
care or residential care experience.
Thè Charity's aim$:
The Welland Trust continued to defiver on the long-tefm strategy during the year, focusing on lunding and
support of projec15, 5eryice5 and inilialives delivered by other organisalions who seek to benefft adults who
have experienced care.
We are particularly keen lo support the creation of opportunitiès which help reduce homelessness. reduce re-
offending, and support thal will enhance the physical and mentsl wellbeing of adults who've been in care. The
projects we are looking to support will be those who will Serve cale eXperIen￿d people of all ages. genders
and backgrounds, in particular, we have a passion for projects that support opportunitie5 for training,
employment and further education for care leavers who are over 25 whère there is no stalulory support
available.
Publi¢ benefit
The tru51ee5 have cornplied with their duty lo have due regard to the guidance on public benefit 8s published by
Ihe Charity Commission and consider all the activities undgrtaken to further the charity'5 purposes lo be of public
beneffit.
Property
The charity aims to purchase. lease, exchange, hire or otherwise acquire any real or personal property rights or
privileges (including shared or eontingent intereslsl.
The Charity may also ¢onstru¢t, aller, improve. convert. maintain, equip, fvmish an(Vor demolish any buildings,
structures or property.
The charity may Sell, lease, license, exchange, disposg of OT Otherwtse deal with property (subject to the
restrictions in the Charities Act 20111.
The charity aims lo rent property to care experienced people al below market rents in order to enable them lo live
inlei-dependèntly.
The chaiity may provide accomrnodalion for any other charitable organisalion on such tèms as the Board
decides {including renl-free or at nominal or non-commercial rentsl subject to the re51riclions In the Charities Act
2011.
Grants and Loans
The charity aiTns lo make grants, donations or loans. lo give guarantees and lo give sacurity foT thos&
guarantees (5ubjed to the restrictions in the Chari11è5 Aet 2011}.

THE WELLAND TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Use of staff and volunteers
The charity may ernploy staff or engage consultants and advisers on such terms as the Board thinks fit.
The d)arity wll recruit and manage voluntary workers, including paylng their reasonable expenses., the ¢haiity is
very grateful lo the volunte&rs WIK) provide support and help to raise awarenèss and funding for the charity.
Achievements and perforniance
Flnancial review
Followin9 a yèar of strong investment performance throughout 202311 w8$ encouraging 10 See this maintained in
2024. the investments grew In value by £790.184 during the yeai. wth particularly strong growth in the first
quarter. The Closing inve51rllenl valuation balance was £7.760,970 and a cash balance of £4,357.
Grant giving for the year was £610,848, with overheads and staff costs of £121,316 and £209.017 respeciively.
The net deficit for the year was £16.313.
Reserves and Investment policy
The trustees consider that a prudent level of resetvés should be held lo support the aims of the charity and
enable continued and sustainable grant giwng.
11 is the IruslÈe'$ intention that surplus funds held in excess of those required for medium term financi81
commitments be invested. and that the ￿luM achieved on the investments will be used to fund the tharilable
giving and overheads. The inve51tllent portfolio will be professionally managed and invested in diversified,
ethical, and environmentslty friendly sècurities. The risk profile for the investments is currently moderate. this
will be reviewed at lea51 annualty lo ensure an accèptable risklretum balance 15 maintained.
The Charity maintains a borrowing facility of up to £500.(XJO, this sum can be drawn down as required, wkth the
balance secured against the investments. The boiiowing facility adds a degree of flexibility. enabling thè
Charity to make withdrawals from investments al the most optimal times. The interest rale on the borrowing is
lower than the long term average investrnent retums.
Future Plans
Tha charity aims lo continue ts organisalional grant making aetivities as described earlier in the report. We
plan to promote the Charity widely, to extend ils reach and attract a wide range of giant appll¢allons lo
promote innovation and to maximize the opportunities available lo carè èxperienced people nationally.
25

THE WELLAND TRUST
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED
FOR THE YEAR ENDED 31 DECEAIBER 2024
structure. governance and management
Governing document- The charity 15 governed by its Memorandurn and Articles olAssociation dated 4th January
2018, as amended by special resolution registered al Companies House on 12th December 2018 and further
amended by speaal resolution dated 9th December 2020 also lodged with Companies House.
The Iruslees. who are also the dlrectors for the purpose of cornpany18w, and who served during the year and up
to the dale of signature of the finan¢ial statements were..
Ms J Rees
Miss P Jones
Miss l Murphy
Mrs S Saunders
Recruitment and appointment of newtrustÈes
The trustees, who are also directors under company law, are appointed by ordinary resolution or by the existing
trustees of the charity.
None ol the Iruslees have any beneficial interest in the company. ￿1 of the trustees are membèrs of the company
and guarantèè to contribute £1 in the event of a winding up.
Oryanisational structure
The trustee5 are responsible for Governan¢e and ensuring the charitable objectives are being mel. The Chair
and Iruslees provide strategic direction and dècision making lo the exe¢ulive team, who has delegated
authority for delivering the strategic plan and operational leadership. including the day to day running of the
charity.
Induction and training of new trustees
New trustees are provided with informab.on in the form of a Truslee5' Handbook including details from the
Charity Commission explaining their duties and rèsponsibilities as Iruslees, the terms of their engagement as
trustee and details ol the charily's key principles and aims lor ils work. Each Iruslee is also provided wrth a
copy of the charitys Memorandum and Articles of Asso¢iation and a recommended resoLJrce and reading lisl
lo assist th&r role and development.. these are a150 avallable from the charity.

THE WELLAND TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statsmènt of trust•&s' responsSbilities
The trustees. who are also the directors of The Welland Trust for the purpose ol company law, are responsible
ftir preparing th& TrusteÉs' Report and the financial 51alemenls in accordance with applicable law and Uniled
ngdomAccounling Standaids (United Kingdom GenerallyAecepted Accounting Practice).
Company Law requsTe5 the Iruslees lo prèpare financial statements for èach financial year which give a true and
fair view of the slate of affair5 of the charity and of the incoming resources and application of resources, including
the income and expenditure, of the charitable cotnpany for that year.
In preparing these fjnancial statements. the trustees are required to..
select suitable 3e£ounting policies and then apply them consistently.
observe the method5 and principles in tha char￿eS SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards h8ve been followed. subject lo any material departures
dis¢losed and explained in the financial statemen15', and
prepare the financial slalemenls on the going concern basls unless it is inappropriate to prèsume that th&
charity will continue in opèration.
The trustees are r85ponsible foT keeping adequate accounting records that disdose with reasonable accuracy 3t
any time the financial position of the charity and enable them to ensure that the financAal staternenls Comply with
the Cornpanies Act 2006. They are also responsible for safeguarding the assets of Ihe charity and hence for
tsking reasonable steps for the prevention and datection of fraud and other irrégularities.
The Iruslees, rgport was approved by the Board of Trustees.
Ms J R8•s
Trustee
25th June 2025

THE WELLAND TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WELLAND TRUST
I report lo the Iruslees on my examination of the ffinancial statements of The Welland Trust Ilhe charity) for the
year ended 31 December 2024.
Responsibilitie$ and basis of report
As the trustees of the charty land also its directors for the purposes of company lawl, you are responsible for
the preparation of the financial slalgments in accordance with the requirèments of the Companies Act 2006.
Hawng satisfied rny5elf that the financ581 statements of the charity are not requlred to be audited under Part 16
of ihe 20(￿ Act and are eligible for independent examination. I report in Tespecl of my examination of ihe
charity's financial statements carried out under section 145 01 the Charities Act 2011 Ilhe 2011 Act). In carrying
out my examination I have followed all the applicabl8 Directions given by the Charity CoMmis￿On undèr
section 14515llbl of Ihe 2011 Act.
Independent exarninerfB Btatement
I have completed my examination. I confirm thal no matter5 havo come to my attention in connection wrth the
examination giving me cause lo belièw that in any material resped..
accounting records were not kept in respect of the charity as required by section 386 of the Compani&s
Act 2006.
the financial stalernenls do not accord wth thos8 records.. or
the financial statements do not ¢()mply with the accounting requirements of section 398 of the Companie5
Act 2006 other than 8ny requirement that the financial slalemen15 give a true and fair view. which is not
malter considered as part of an independent examination.. or
the financlal slalemenls have not been prepared in accoidance wllh the methods and prinuples of the
Slalemenl of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their fin8n¢ial statements in accordance with the Finanfyal Rèporting Standard applicable in thè
UK and Republic of Iieland IFRS 1021.
I have no concerns and have come across no othèr matters in connection with the examination to which
attention should be drawn in this report in order lo enablè a proper understanding of the financial statements lo
be reached.
Colm McGrory FCA
Omerod Rutter Limited
The Oakley
Kidderminsler Road
Droilwich
Worcestershire
WR9 9AY
Dated..
0110712025

THE WELLAND TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrnstrict8d
funds
2024
Unrestricted
funds
2023
Notes
Incom& from..
Donations and legacies
Investments
20.OC%J
114,684
103,854
Total income
134,684
103,854
Expenditur# on:
Raising funds
Charitable acliwlies
44,155
897,026
42.266
1,016.090
Total expenditure
941,181
1.058,35e
Nel gains on investments
11
790.184
988,251
Net expenditure and movement in funds
{16,3131
33,749
Reconciliation of funds..
Fund balances al 1 January 2024
9,038,262
9,004,513
Fund balances at 31 December 2024
9,021,949
9.038,262
The statement of fnancial activities indudes all gains and losses recognised in thè year. All income and expenditure
derive from continuing activities.

THE WELLAND TRUST
BALANCE SHEET
AS AT31 DECEMBER 2024
2024
2023
Fix8d a$$ets
Tangible assats
Investments
13
14
407,381
7,760,971
417.047
7,831.517
8,168.352
8,248,564
Current assets
Debtors
Cash at bank and in hand
15
817,246
68,931
825.472
71.559
886,179
897,031
Cr¢dltors: amounts falllng due wlthSn
one y*ar
132,5821
(107,3331
Nel Current assets
853,597
789,698
Total assets less current liabilities
9.021,949
9,038.262
Incom• funds
Unreslficled funds
9,021,949
9,038,262
9,021.949
9,038,262
The company is entitled to the exemption from the audit requirement contained in section 477 of the Cfmpanies Act
2006, for the year ended 31 Decernber 2024.
The directors acknowledge their responsibilities for cornplying with the ￿QUIreM&ntS of the Companies Act 2006
with respect lo a¢￿untIng recoids and the preparation of financial slalements.
The members have not required the company lo obtain an audiL of it5 financial statements for the year in question
In accordance with section 476.
These fin8ncial statements have been prepared in accordance with the provisions applicable to Companie5 subject
to the srnall companiès regima.
The financial statements were approved by the Trusteès on .
25th June 2025
Ms J Rees
Trustee
Company Registration No. 11133860

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Aeeountlng polleles
Charity information
The Welland Trust Is 8 private company limited by guarantee incorporated in England and Wales. The
registered office is Craftsrnan House, D& Salis Drive, Hampton Lovett, Droitwi¢h, Worcèstershire, WR9 OQE,
England.
1.1 Aeeountlng convèntlon
The finanaal statements have been prepared in a¢eordance with the charity's memorandum and artid&$ of
assoaation,
the Companies Act 2006 and 'Ac¢oLJnling and Reporiing by Charities.. Slalemenl of
Recommended Piactice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting
leffe¢tive l January 20191. The charity is a Public Benefrt Entity as deffinèd by FRS 102.
The charity has taken advantage of the provisions in the SORP for charilles applying FRS 102 Update
Bulletin 1 not lo prepare a Statement of Cash Flows.
The financial statements are prepared in 51erling, which Is th& functional Currency of the charity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial 51alements have been p￿pared undor the historical cost convention. The prinapal accounting
policies adopted are sel out below.
1.2 Going conc•rn
Al the lime of approving the ffinanual slalèmènts, the Iruslees have a reasonable expectation that the charity
has adequate resources lo continue in operakn'onal existence lor the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial slalemènts.
1.3 Charitsble funds
UnTes1iicted funds are available for use al the di5cretson of the trustees in furtherance of their charitable
objectfves.
Restiieted fund5 are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming rèsoureÈs
Income is recognised when the chaTty is legally entitled to it after any performan¢e ¢ond¢tions have been mel,
the amounts can be measured Teliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notffied
ol the donation, unless perforrnan￿ conllrtions requirè deferral of the amount. Incorlle lax recoverable in
r¢lalion to donations received under Gift Aid or deeds of covenant is recognised at the ts.me of the donation.
LegacAes are recognised on receipt or othe￿ise If the charity has been notified of an irllpending distrlbution.
the amount is known. and receipt is expected. If the amount is not known, the legacy is Irealed as a
¢ontingent assÈL

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Account5ng pollcles
{Continuedl
1ts Rèsourc8s expended
Liabilities are recognisgd as expenditure as soon as there is a18gal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in 5elllemenl and
the amount of the obligation can be measured reliab5y. Expenditure is accounted for on an accruals basis and
has been classified under hèadings that aggregate all c051 related lo the category. Where costs cannot be
directly attributed to particular headings they have been allocated lo activthes on a basis consistenl with the
use of resources.
Costs of raising funds Compthses of costs inujrred during investing activititss.
Fund raising c0515 include the costs of goods sold. café costs and their associate support and governance
costs.
Expenditure on Charitab￿ activities includes costs of providing grants in line with chartsble aims and
objectivès and their associate support and governance ￿$1$.
1.6 Tangible fixed assets
Tangible fixed a55ets are initially measured at cost and subsequently measureil al cost or valuation, net of
depreciation and any impaiirnenl losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
usefLJI lives on the following basès=
Freehold land and buildings
Leasehold improvernenls
Fixture5 and fittings
Computer equipmènt
2% straight line
33% straight line
33QA straight line
33°/• slraighl line
The gain or loss arising on the disposal ol an asset Is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financjal actiwlies.
1.7 Flxed asset Investments
Fixed asset investments are Snillally measured at transaction price excluding transaction costs. and are
subsequently measured al fair value al ead) reportin9 date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction Costs are expensed as incurred.
A subsidiary is an entity controlled by thè charity. Control is the power to goveTn the finanaal and operatin9
policies of the entity so as lo obtain benefits from rts actwities.
1.8 Impairment of fixed assets
Al each reporting end date, the charity reviews the carrying amounts of its tangible assets lo detemiine
whether theTe is any indication that those assets have suffered an impaiment loss. If any such indication
exists, the recovtsrable amount of the asset is estimated in order lo deleimine the èxtent of the impairmenl
1055 lif any).
1.9 Cash and cash equtvalents
Cash and cash equlvalents inclLJde cash in hand. deposits held al ¢all with banks. other short-lerm liquid
inveslrlltrnls with original maluritias of thrae months or less, and bank overdiafts. Bank overdrafts are shown
within borrowings in current liabilities.

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Aeeounting policl•s
Icontlnuedl
1.10 Finan¢ial in$truments
The eharitable company only has financial assets and financial liabilities of a kind that quaffy a$ basio
financial inslruTvenls. Basi¢ financial instruments are initially re¢ognised al transaction walue and
subsequently measured al Iheii settlement value.
1.11 Taxation
The charity is exempl frorn corty)ralion lax on its charitable activitie5.
1.12 Provlslons
Provisions are recognised when the charity has a legal or constructive PTesenl obligation as a result of a pa61
event, rt is probable that the charity will be Igquired to settle that obligation and a raliable estimate can be
madè of the amount of the obligation.
The amount re¢ognised as a provision is the be51 e51imatÈ of the consideration required lo settle the presènt
obligation al the reporting ond date, taking into account the risks and uncertainties Surrounding the obligation.
here the effect of the lime value of money is maleTial, th8 arnount èxpected to be required 10 settle the
obligation is recognised al present value. When a provision is rneasured at present value. the unwinding of
the discount is recogni5ed as a finance cost in net incomellexpenditurel In the period in which (f ari5e5.
1.13 R8tlremont b•n8fits
The charitable company operates a dafined contribution pension sch8rne. Contributions payable to the
chartable company's pension scheme are charged lo the Slalernenl of Financial Activities in the period lo
which they relate.
1.14 Lèases
Rentals payable under operating leases. induding any lease incentives received, are charged as an expense
on a straight line basis over the lerrn of the relevant lease.
Crltleal aeeountlng estlmates and judgements
In the application of the charitys 8cctsunting policies, the Iruslees are required to make judgements, eslimales
and assumptions about the carrylng amount ol assets and liabilities that are not readily apparent from other
sources. The estimates and as50¢ialed assutnptions are based on historical experience and other factors that
are considered to be relevant. Actual Tesults may differ from these estimates.
The astimatès and underlying assumption5 ale rèviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the peTiod in which the estimate is revised where the revision affects only that
period, or In the perlod of th& revision and future periods whèrè the revision affects both currènt and future
periods.
Income from donattons and lega¢ie¥
Unrestricted
funds
2024
Unr•strlcted
funds
2023
Donations and gifts
20,000
10-

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
In¢ome from Investments
Unrestricted Unre8trl¢ted
funds
funds
2024
2023
Dividend income
Rental income
Interest re￿Vable
61,753
12.000
40,931
73,901
12,000
17,953
114,684
103.854
Rai8ing fund8
Unrestri¢tsd Unrestricted
funds
funds
2024
2023
Investment management fees
44,155
42.266
44,155
42,266
11

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
2024
2023
Staff costs
Depreciation
Trainlng, recruitment and other staff Costs
Telephone. postage and stationery
Computer and So￿are
Advertising and m8rketin9
Rent and rates
Motor and travel
Insurance
Sundrie$
Premises expenses
Bank charges
Member5hip5 and subscriptions
209.017
10,448
1,989
2,579
3.146
190.321
10.690
4,978
2,119
3.460
12.500
4,472
4.546
4,593
148
19,469
17,417
1,258
5.451
1,845
3.758
320
20,029
19,593
2.152
280,327
275.971
Grant fundSng of a¢tlvllies (see note 71
610,848
728,585
Sharg of support costs (seè notè 81
Share of govemanee costs {see note 81
796
5.055
307
11,227
897.026 1,016,090
Grants payable
2024
2023
Grants lo Instilulions:
Other
610.848
725,037
Grants to individuals
3,548
610,848
728.585
12

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support Governan¢e
costs
costs
2024 Support costs Govemance
CO515
2023
Profèssional feès
Accountancy fees
796
796
S,055
307
307
11,227
5,055
11,227
796
5.055
5,851
307
11.227
11.534
Analysed beiween
Charitable adivrties
796
S.055
5,851
307
11.227
11,534
Acry)unlancy fees prirnarily indude £3,713 12023.. £3,900) in respect of the Indepèndènt Examinèrs fèès.
management accountant fees of £nil (2023.. £6,266) and £1.02212023'. £845) in respe¢t of payroll costs.
Trusteès
None of the Iru$lee$ {or any persons connèct@d wilh thern) received any remuntrration or b9n8frts fmm thg
charity during the year.
10 Employees
Number of employees
The average rnonlhly number of employees during the year was..
2024
Number
2023
Number
Employmènt costs
2024
2023
Wage5 and $alarres
SocAal security costs
other pension costs
173,080
23,809
12,128
165,808
15,658
8,855
209,017
1￿,321
The number of èmployees who$8 annual remuneration was £60,000 or more lex¢luding employer pension
costs} were..
2024
Number
2023
Number
£60,001- £70,000
£70.001- £80.000
£80.001- £90.000
13-

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Not gainslllosses} on investments
2024
2023
Revaluation of Investrnents
790,184
988,251
12 Taxation
The charity is exempl from laxalion on its actNities because all its income 15 applbed for charitable purposes.
13 Tangible fix¥d a$$•ts
Freohold lond
Lèasèhold Flxtur05 and
and bulldln95 ImpEov•monts
flttlngs
Computèr
equlpmgnt
Totsl
Cost
Al 1 J8nu8ry 2024
Additions
452,419
4,050
2,894
6,410
782
465,773
782
Al 31 December 2024
452,419
4,050
2,894
7,192
466,555
Depreciation and impaimient
Al 1 January 2024
Depreciation chaiged in the year
.948
9.048
3.038
1.012
2.891
5,849
388
48,726
10,448
At 31 December 2024
45,996
4.050
2,891
6.237
59,174
Carrylng amount
At 31 De￿mber 2024
406,423
955
407,381
At 31 December 2023
415,471
1,012
561
417.047
14-

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Flxed asset Investments
Llsted
other
Investmènts Inveslments
Total
Cost or valuation
Al 1 January 2024
Additions
Valuation changes
Cash movements
Fa¢ilhy movement
Disposals
7,831,516
1,476,916
7￿,184
52.269
130.509
(2,520,424)
7.831.517
1,476,916
790,184
52.269
130.509
12,520.424)
Al 31 December 2024
7,760.970
7,760,971
Carylng amount
Al 31 December 2024
7,760.970
7,760,971
At 31 December 2023
7,831,516
7,831,517
2024
2023
Olhor investmènts compris6'.
Not•s
Investments in subsidiaries
21
1S Debtors
2024
2023
Amounts fallin9 due wlthin ono ygar:
Amounts owed by subsidiary undertakings
Prepayments and a¢cnJed income
810,976
6,272
822.785
2,687
817,24B
825.472
16 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Trade creditor5
Awuals and deferred Income
9.493
7.761
15,328
8,809
83,705
14,819
32,582
107,333
15-

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
17 R¢tir¢ment bèn•flt schèmas
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
12,128
8,855
The charity opeiales a defined corntribution pension scheme for all qualifying employees. The as5els of the
scheme are held separately from those of the charity in an independently administered fund.
18 Unr8strfctsd funds
The unreslricled funds of the Charity comprise the unexpended balances ol donations and grants which are
not subject to 5pe¢ffi¢ ¢ondilion5 by donors and grantors as lo how thèy may be used. These indude
designated funds which have been set aside out of unrestricted Yunds by the ttustees for specific purposes.
At 1 January
2024
Ineoming
r¢soLtrc8s
Resources
expended
Gain$ and
10$$0S
At31
Dèc•mbèr
2024
General funds
9,038,262
134,684
1941,1811
790,184
9,021,949
Prèvious yèar:
At 1 January
2023
In¢omlng
resourcès
Resources
expended
Gain$ •nd
105$0$
At31
Dèeèmbèr
2023
General fijnds
9,004,513
103,854
11,058,356>
988,251
9,038,262
19 Analysis of net assets be￿een fund$
Unrestsleted
2024
Total
2024
Totsl
2023
Fund balances at 31 D￿mber 2024 are represented by..
Tangible assets
Investments
Current assetsllliabililies)
407,381
7,760,971
853,597
407,381
7.760,971
853,597
417,047
7,831.517
789.898
9.021,949 9.021,949 9,038.262
16-

THE WELLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Related paty tran$a¢tlon$
During the year the charity entered into the following transactions with related parties..
During the period, £12,108 12023". £7,180) was made available lo Welland Residential Holdings Limited,
wholly ownèd subsidiary, for the purpose of purchasing and maintaining properties to fulfil rts principal
acliwlies. An amount of £299 12023." £nill has been repaid during the year, leaving an amount still dug from
the subsidiary al the year end of £810,976 {2023'. £822,785).
During the period. donations of £20,00012023". £niV) wera received from Welland Residential Holdings Limited.
wholly owned subsidiary, for the purpose of purchasing and maintaining properties lo fulfil its principle
actiwties.
During the period. training costs of £nil12023'. £4001 were incurred from Trauma Informed Services ￿MIted, a
related party. No outstanding amounts were due lo or from the related party at thè yèar end.
21 Subsldlaries
These financial statements are separate charity financial stalemenls for The Welland Trust.
Details of the chanty's subsidiaries at 31 December 2024 are as follows..
Name of undertaking Registered
office
Nature tsf bu$ln•ss
Class of
shares held
% Held
Dir•et IndI￿¢t
Welland Residential
Holdings Limited
Craftsman House Residgnlial Propaty
De Salis DrNe,
Hampton Lovett.
Droitwich, Englarjd.
WR9 OQE
Ordinary
share
100.00
The a99r8gate capital and rèsatves and the result for the year of subsidiaries was as follows..
Nam¢ of undertaking
ProflVILossl Capital and
Reserves
Welland Residential
Holdings Lirniled
116,5161
(75,7471
17-