Wilton Bradley Charitable Trust (A Charitable Incorporated Organisation) CIO registration number: 1188928 ANNUAL REPORT YEAR ENDED 31 December 2024 WILTON BFIADLEY CHARITABLE TRUST ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 CONTENTS Page Trustees, Report Receipt and Payments Accounts WILTON BRADLEY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDING 31 DECEMBER 2024 The Trustees of the Wilton Brad￿Y Charitable Trust are pleased to present this reF()rt of the Wilton Bradley Charitable Trust (the Trust) along with the financial statements of the Trust for the year ended 31 December 2024. The Trustees are satisfied that the financial staterrents comply with tFE requirements of the Charities Act 2011, the Charity's Constituth)n ar)d the ￿ComMendatIOnS of the Statement of Recommended Practice. These financial statements have teen prepared on the Receipts and Payments Basis. Objectives and artivities The Wilton Bradley charitable trust exists to advan￿ such charitable purposes {according to the law of England and Wales) as the trustees s& ftt from titTE to time. in particular but not limited to relieve.- {81 sickness, Foverty and financial hardship atrnngst young tEople. children and others living or working in South Devon and beyond by, for example, making grants of money or providing or paying for gct)ds. facilities and seNI￿S.. and (b) the needs of and increase the optK)rtunities of young F￿PIe and children living in South Devon and beyond by providing, for example. advice. equipment. assistan￿ and by supporting them in advancing iheir education and skills. The donations received to date have b*n entirely from Witton Bradley Limited. Public benefit The Trustee Board has complied with the duty in section 4 of the Charities Act 2011 to have due regard to public t￿nefit guidance published by the Commission. Support from Corporate Donors The charity continues to recenie generous support from Wilton Bradley Limited. whose ultimate controlling paty is also a trustee of the charity. This ongoing partnership with Wilton Bradley Limited along with the donations received from them has enabled Ihe charity to further its mission of improving the lives of children and young people in South Devon. with a particular focus on increasing a￿sS to essential resources and opportunities. One of the charity's key inrtiatives involves sourcing and supplying 'Beds4Ffjdz' to families whose children do mt have a t￿d to sleep in. addressing a critical need in the fA)mmunity. In addition to direct financial contributions, Willon Bradley Limited also donates prcceeds from staff sales of obsolete. damaged. and returned stock. These funds are directed towards k)cal charitable initiatives. further extending the charity's reach and impact within the region. Achievements and perfonnan During the year to 31 DeCem1￿r 2024. there have grants paid. Financial Review During the period to 31 D￿rn￿er 2024, the Trust had net payments of £10,065 (2023 - £20,333). Receipts totaling £nil (2023- £nil) were received from Wilton Brad￿Y Limited, via donations duriro the period. Risk management The Trustee 8oard is committed to the identifut￿n and management of ttrE major strategic, business and operational risks which the Trust faces. The Trustee Board is tasked with identifying the likelihood and impact of any risks, together wrth such actions as may be necessary to mitigate such risks. Reserves policy It is the Trustees, objective that the Trust strK)ukl maintsin a wsitsve level of reserves at all times. Free reserves currently sland at £150.298. which is the bank balance as at 31 Decernt￿r 2024. Plans for the fLrture We continue to devebp our relationships within the communty to a￿sS those who are in need. Structure, Govemance and Management Governing document The governing documenl is the Wilton Bradley Charitable Trust ConstitutK)n adopted on 6 April 2020 which became recognised by Ihe Charity Commission when the Trust wa5 registered as a Charitable Incorporated Organisation on 6 April 2020. Constitution The Trust is a Charitable Incorp)rated Organisation. The memtsrs of Trust are its charity trUSt￿S for the time being. If the Trust is WOU￿ up. the rrembers of the Trust have no liability to (x)ntribute to ils assets and no personal responSi￿'11ty for settling its debts and liabilities. Related Parties Donations into the Trust are made by Wilton Bradley Limited. an entsty in wh￿h some the Trustees are directors. Organisation The Trustee Board sets and oversees the Trust's strategy and objectives, nK)nitors its effectiveness, and awards grants. The Trustee Board meets at least twice a year. In the tEriod covered by this Rewrt. the Trustee Board has met nine limes. The Trust has no employees. Appointment of Trustees The Trustees are either directors of Wilton Bradley Limited or ffi'ends and family of the directors. Trustees are appointed by resolulion passed at a prO￿rIY convened M￿ling of the Trustees. Apart from the first Trustees of the Trust. every Trustee must be apFX)inted for a temi of three years. There must be a minimum of 4 trustees and a Ma￿muM of 12. The Trust has not yet adopted any policEs for induction and training of trustees. but these are under active consideration. WILTON BRADLEY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDING 31 DECEMBER 2024 (continued) Reference and administration information Official name of Charity.. Wilton Bradley Charitsble Trust Chanty registratK)n numLEr.' 1188928 Registered Office: Unit 8 Wentworth Road HeathfEld Industrial Estate Newton AbtK)t TQ12 6TL Truslees.. Antony Bradley (Chair) Jennrfer Brad￿Y Dawn Bradley Francesca Bradley Pauline Bradley Leigh Cheelham Wendy Arrowsmith Liam O'sullivan Bankers= Barclays Bank PLC 14 lfjng Street Truro TR12RB By order of the Trustee Board Antony Bradley Chair Wilton Bradley Charitable Trust CHARITY COMMISSIO FOR ENGLANO AND WALE Wilton Bradley Charitabk Trust Receipts and payments accounts CC16a For the period from To 01101r2024 3111212024 Section A Receipts and payments Unrestrictsd funds Restricted funds Endowment funds Total funds Last year to the nearest to tho n6arnst£ to tho n•ar•st £ to th¢ nearest £ to the nearest £ A1 Receipts Donation5 Sub total (Gross income for AR) A2 Asset and Investment sales. (see table). Sub total A3 Pa ments Feniion Pnrnary SC All Saints Marsh 3.06S 7,000 7,000 Sub total 10.065 10.065 A4 Asset and Investment purchases, (see table) Sub total 10,065 10,065 Net of recwpts/{payments) . A5 Transfers betsveen funds A6 Cash funds last year end Cash funds this year end 10,065 10.06 160.363 150,298 160,363 150,298 Section B Statement of assets and liabilities at the end of the period Unrestricted lunds to nearest £ Restricted funds to nearest £ Endowment funds to no8r£st£ Categories DetaiFs B1 Cash funds Bank ar£thJnt 150.298 Total cash funds 150,298 t£¥ntis}} Unrestricted funds to n8ar8st É Restricted fvnds Endowment funds tr* nearest £ Details io near88tE Fund to whkh C¢Jst loptlonall Current valuo lional Details B3 Investment assets Fyr¥l to whith t bolon Details Cosiioptionall Currènt value tional 84 Assets retained for the charity's own use Fund to which Amount dug nal When due onal Details B5 Liabilities Signed by one or two trustees on behalf of all the tnjstees Dale of Print Name