OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-04-05-accounts

The Wilson Foundation

Trustees’ Report and Financial Statements

Year ended 5 April 2023 Charity number: 1189601

The Wilson Foundation

Contents

Reference and administrative information 1
Report of Trustees 3
Independent examiner’s report to the trustees of the Wilson Foundation 7
Statement of Financial Activities (including income and expenditure account) 8
Balance Sheet 9
Notes to the financial statements 10

The Wilson Foundation

Reference and administrative information

Charity Name The Wilson Foundation
Registration 1189601
Number
Trustees Nicholas Connolly Wilson (Chairman) (appointed for 5 years from 23
March 2023)
Fiona Wilson (appointed for 5 years from 23 March 2023)
Pollyanna Sarah Wilson (appointed for 3 years from 21 March 2023)
Adam Charles Welch (appointed for 4 years from 21 May 2020)
Anthony Clive Hewitt (appointed for 5 years from 21 May 2020)
Thomas Joseph Wilson (appointed for 5 years from 23 March 2023)
Power to Appoint The maximum number of Trustees is 10. Future Trustees shall be
appointed by resolution of the Trustees for a term of 5 years. A retiring
Trustee who is competent to act may be reappointed at the end of their
term of office.
Governing Deed of Constitution dated 21 May 2020.
Document
Registered Address The Maltings
Tithe Farm
Moulton Road
Holcot
Northampton
NN6 9SH
Bankers Barclays Bank Plc
1 Churchill Place
London
E14 5HP
Accountants KPMG LLP
2 Forbury Place
33 Forbury Road
Reading
RG1 3AD

1

The Wilson Foundation

Reference and administrative information (continued)

Investment Managers Whitley Asset Management 116 Princedale Road London W11 4NH Independent Simon Knee FCA, S D Knee Chartered Accountants Examiner S.D. Knee Ltd 10 Bath Road Old Town Swindon Wiltshire SN1 4BA Legal Advisers HCR Law Elgin House Billing Road Northampton NN1 5AU

2

The Wilson Foundation

Report of Trustees

The Trustees present their report and the financial statements for the year ended 5 April 2023 The financial statements comply with the Foundation’s Deed of Constitution, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) as it applies from 1 January 2015.

Structure, governance and management

The charity was established by a Deed of Constitution dated 21 May 2020, where the assets and liabilities of the former charity, The Wilson Foundation, registered number 1074414 were transferred to the Charitable Incorporated Organisation (CIO) The Wilson Foundation registered number 1189601

The Trustees who served during the year were as follows:

Nicholas Connolly Wilson (Appointed Chairman) Giles Thomas Wilson – d.o.d 16 February 2023 Fiona Wilson Anthony Clive Hewitt Pollyanna Sarah Wilson (Administrative Trustee) Adam Charles Welch Thomas Joseph Wilson

The maximum number of Trustees is 10. Future Trustees shall be appointed by resolution of the Trustees for a 5 year term.

A retiring Trustee who is competent to act may be reappointed at the end of his term of office. Any new Trustees would be trained and inducted by the other Trustees.

All decisions affecting the management of the CIO and its assets are taken by the Trustees. Any decision maybe taken either at the meeting of the Trustees or by resolution in written or electronic form. The Trustees receive their investment advice from Whitley Asset Management.

The CIO does not actively fundraise and seeks to undertake its charitable objectives through the careful stewardship of its existing resources.

The Trustees have examined where there may be risks which the CIO could face and confirm that systems have been established to enable steps to be taken to lessen these risks.

Objectives and Activities

The Trustees may apply the income of capital of the CIO for the benefit of such charitable objects or institutions in any part of the world as they see fit.

3

The Wilson Foundation

Report of Trustees (continued)

Public Benefit

The Trustees consider that they have complied with their duty as set out in Section 17 Charities Act 2011, which is to have regard to the guidance on public benefit published by the Charity Commission when exercising any powers or duties to which the guidance is relevant.

The Trustees have demonstrated Public Benefit by making total grants of £409,061.70 (2022: 216,403.93) in the period. This Report of the Trustees details the areas of focus for the Trustees and how funds have been allocated by them.

Achievements and performance

The Total Grants awarded were higher due to the grant of £232,123 being awarded to Oakham School Foundation for floodlights. Primarily the refusals have been for living expenses or University Fees and on occasion the applicants have been 21 years or over or living outside of Northamptonshire.

Professional fees and expenses at Longtown have been as expected with the majority being spent on the design and planning process for the proposed new building at the centre. Expenditure on Investment Management Fees was also as expected and the value of the portfolio with Whitley Asset Management was £6,441,212 as at 31st March 2023. The trustees are happy with their performance.

Larger Donations have included the following; Northamptonshire Community Foundation received a total of £30,000 towards the #iwill fund once again. Northampton Saints Foundation was awarded £30,000 towards their education programme and The Prince’s Trust have received £10,000 towards their Achieve programme. Longtown Outdoor Learning Centre received £31,500 to fund the blanket bursary which aids school groups struggling to attend without financial support. Kids Aid received £10,000 towards projects within Northamptonshire

Other donations included:

We funded the transport for the Pacesetter Games once again at £7,750 and Kettering Homestart was awarded £7,630 to fund family activities and volunteer training. Fred Trueman State School Cricket Fund received £4,500 as sponsorship. Guilsborough Primary School received £5,000 as matched funding for an outdoor stage area and Northampton School for Boys received £3,500 towards a breakfast club and provision of extra Maths and English lessons. The Zip Wire, Canoe Pond and Climbing Wall were all renovated at Longtown OLC and repairs funded at Adventure Ways to their Wilson Foundation Cabin used for educational learning. NTGA were awarded £7,500 to fund the Jumpstart Project and £6,000 funded elite training and transport for U15’s team at Hotshots Basketball. Individual young people also benefitted from funding towards residential school trips and scouting residentials during the year.

4

The Wilson Foundation

Report of Trustees (continued)

Financial Review

The results for the period are shown on page 8 and 9. The principal funding source of the CIO was investment income of £72,166.85 (£67,540.26 2022). No fundraising activities were undertaken during the period. The main objectives of the CIO have been met by the Trustees approving donations totalling £409,061.70 (£216,403.93 2022) as shown on pages 13 to 14.

Trustees’ risk assessment

The Trustees have examined the major strategic, business, and operational risks which the CIO faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. The Trustees consider that adequate controls are in place to mitigate any risks including and additional risks from the Covid pandemic.

The Trustees review the performance of the investments and of the investment managers – Whitley Asset Management – on a regular basis. The CIO’s investments are held by Multrees Investment Services. Cheques under £5,000 only require one signature and those payments over £5,000 require the signature of two Trustees. The cheque book is held at the principal office. The payment of grants in excess of £50,000 require the approval of the majority of Trustees in writing.

Reserves policy

At the period end the Foundation had unrestricted reserves of £7,855,680.83.

It is the policy of the Trustees to retain a reserve of investments with a view to providing cash from income and capital appreciation to provide grants of an amount agreed by the Trustee’s during each year.

5

The Wilson Foundation

Report of Trustees (continued)

Statement of Trustees’ responsibilities in respect of the Trustees’ Report and the financial statements

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on _____ by:

Nicholas Connolly Wilson

6

The Wilson Foundation

Independent examiner’s report to the trustees of the Wilson Foundation

I report on the accounts of the CIO for the year ended 5 April 2023, which are set out on pages 8 to 19.

Respective Responsibilities of Trustees and Examiner

This report is made solely to the CIO's Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 ("the Act") and regulations made under section 154 of the Act. My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO's Trustees as a body, for my work, for this report, or for the opinions I have formed.

It is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the 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 you as 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.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

SD Knee FCA Chartered Accountant 10 Bath Road, Old Town, Swindon, Wiltshire, SN1 4BA

Date ………………………………………

7

The Wilson Foundation

Statement of Financial Activities (including income and expenditure account) Year ended 5 April 2023

Note
Income and endowments from:
Investments
2
Bank Interest
3
Total income
Expenditure on:
Charitable activities
Longtown expenditure
11
Grants payable
5
Governance costs
4
Depreciation
11
Raising funds
Investment management fees
4
Total expenditure
Net gains/(losses) on investments
7
Net income/(expenditure)
Other recognised gains/(losses):
Other gains/(losses)
Net movement in funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 £
55,316.86
16,849.99
72,166.85
(23,831.77)
(409,061.70)
(10,738.80)
(7,842.49)
(69,380.72)
(520,855.48)
(428,857.28)
(877,545.91)
75.09
(877,470.82)
8,733,151.65
7,855,680.83
Y.E. 2023		 £
67,184.71
355.55
Y.E. 2022
67,540.26
(2,709.46)
(216,403.93)
(11,678.50)
(7,842.49)
(75,045.85)
(313,680.23)
543,783.72
297,643.75
37.79
297,681.54
8,435,470.11
8,733,151.65

The notes on pages 10 to 19 form part of these financial statements

8

The Wilson Foundation

Balance Sheet

Year ended 5 April 2023

Note
Fixed assets:
Investments at market value
7
Cash held for investment
9
Northamptonshire County Cricket Club Shares
8
Longtown Outdoor Education Centre
11
Current assets:
Cash at bank
9
Current liabilities:
Creditors:amounts falling due within one year
10
Net current assets
Net assets
The funds of the charity:
Unrestricted funds
Total charity funds
The financial statements were approved by the Trustees on
behalf by:
Nicholas Connolly Wilson
Chairman on behalf of the Trustees		 Note
Fixed assets:
Investments at market value
7
Cash held for investment
9
Northamptonshire County Cricket Club Shares
8
Longtown Outdoor Education Centre
11
Current assets:
Cash at bank
9
Current liabilities:
Creditors:amounts falling due within one year
10
Net current assets
Net assets
The funds of the charity:
Unrestricted funds
Total charity funds
The financial statements were approved by the Trustees on
behalf by:
Nicholas Connolly Wilson
Chairman on behalf of the Trustees		 £
£
5,832,657.13
5,572,486.02
602,271.12
1,748,139.05
100,000.00
100,000.00
1,251,777.13
1,165,035.79
7,786,705.38
8,585,660.86
118,490.04
202,574.31
118,490.04
202,574.31
(49,514.59)
(55,083.52)
68,975.45
147,490.79
7,855,680.83
8,733,151.65
7,855,680.83
8,733,151.65
7,855,680.83
8,733,151.65
2023 and signed on its
2023
2022		 £
5,572,486.02
1,748,139.05
100,000.00
1,165,035.79
2022
8,585,660.86
202,574.31
202,574.31
(55,083.52)
147,490.79
8,733,151.65
8,733,151.65
8,733,151.65

The notes on pages 10 to 19 form part of these financial statements

9

The Wilson Foundation

Notes to the financial statements

1 Accounting policies

Basis of preparation and assessment of going concern

These financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments to market value and are in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (‘the SORP’), the Charities Act 2011 and applicable United Kingdom accounting standards.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’.

This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. With respect to the next year, the most significant areas of uncertainty that affect the carry value of assets held by the Trust are the level of investment return and the performance of investment markets following the Covid pandemic.

The Trust constitutes a public benefit entity as defined by FRS 102.

Grants made

Grants authorised and paid by the Trustees are included within the Statement of Financial Activities. Grants which have been authorised by the Trustees but not yet paid are accrued in the Balance Sheet and included in creditors falling due within one year.

Incoming resources

Income from all sources is accounted for as soon as the Foundation has received the income. Investment income, consisting of bank interest and net dividends are accounted for on a receivable basis.

Resources expended

All expenditure is accounted for on an accruals basis and has been listed under headings that aggregate all the costs directly attributable to that activity. Where costs (including overheads) cannot be directly attributed they have been allocated to activities on a basis consistent with the use of resources and the time spent on those activities. Charitable activities include expenditure associated with grant making and include both the direct costs and support costs relating to these activities.

10

The Wilson Foundation

Notes to the financial statements (continued)

Governance costs are those incurred in the governance arrangements of the Foundation which relate to the general running of the Foundation as opposed to those costs associated with generating funds or grant making and its assets and are primarily associated with constitutional and statutory requirements. Grants payable are payments made to third parties that have been agreed and paid by the Trustees in the furtherance of the charitable objectives of the Foundation.

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the Foundation to pay out resources and the obligation can be measured with reasonable certainty.

Provision for liabilities

Liabilities are measured at the best estimate of the amount required to settle the obligation at the Balance Sheet date.

Tangible fixed assets and depreciation

The land and buildings at Longtown were acquired in 2018/19 and have been included in the balance sheet at cost. Expenditure on the land and buildings is capitalised and added to the book value.

Depreciation is charged on the rope equipment on a straight-line basis over it’s estimated useful life of ten years from acquisition.

Fixed asset investments

Investments are shown at their mid-market value at the Balance Sheet date. The realised and unrealised gains on investments are reflected in the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase cost if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase cost if later). Realised and unrealised gains are not separated in the Statement of Financial Activities.

Foreign exchange

Acquisitions and disposals of foreign exchange are reported at the prevailing exchange rate at the date of the relevant transaction. Closing foreign exchange balances are retranslated at the year end and any gain/ (loss) is reported in the Statement of Financial Activities.

Taxation

The Foundation is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.

11

The Wilson Foundation

Notes to the financial statements (continued)

2 Investment income
Interest from Investments
Dividends – UK investments
Dividends – Foreign investments

3 Bank and other interest receivable

Barclays Bank
Canaccord
Multrees
WAM
4 Allocation of support costs
Cost of raising
funds
Governance
£
£
Accounting services 22/23
-
7,050.00
Accounting services 21/22
-
-
Accounting services 19/20
(underprovision)
-
-
Investment advisor’s fee
69,380.72
-
Independent examiner
-
960.00
Independent examiner 21/22
-
-
Independent examiner 21/22
(underprovision)
-
60.00
Independent examiner 20/21
(underprovision)
-
60.00
Legal fees
-
300.00
Miscellaneous expenses
-
2,308.80
69,380.72
10,738.80		 2 Investment income
Interest from Investments
Dividends – UK investments
Dividends – Foreign investments

3 Bank and other interest receivable

Barclays Bank
Canaccord
Multrees
WAM
4 Allocation of support costs
Cost of raising
funds
Governance
£
£
Accounting services 22/23
-
7,050.00
Accounting services 21/22
-
-
Accounting services 19/20
(underprovision)
-
-
Investment advisor’s fee
69,380.72
-
Independent examiner
-
960.00
Independent examiner 21/22
-
-
Independent examiner 21/22
(underprovision)
-
60.00
Independent examiner 20/21
(underprovision)
-
60.00
Legal fees
-
300.00
Miscellaneous expenses
-
2,308.80
69,380.72
10,738.80
Y.E. 2023
£
13,940.14
25,064.54
16,312.18		 Y.E 2022
£
23,366.20
32,111.03
11,707.48
67,184.71
Y.E 2022
£
11.15
17.82
326.58
-
355.55
Total
Y.E 2022
£
-
6,600.00
660.00
75,045.85
-
900.00
-
-
3,243.70
274.80
55,316.86
Y.E. 2023
£
219.13
-
-
16,630.86
16,849.99
Total
Y.E. 2023
£
7,050.00
-
-
69,380.72
960.00
-
60.00
60.00
300.00
2,308.80











69,380.72
10,738.80		 80,119.52 86,724.35

12

The Wilson Foundation

Notes to the financial statements (continued)

5 Grants payable

During the year the following grants were approved:

Grants payable to institutions

Total grants paid to institutions: 19 – total £394,698.00 (2022 28 – total £218,953.93)

Total number of
Name of institution
grants paid in
2023
Adventure Ways
1
ASA Swim England
Bunbury ESCA Festival
Circus Starr
1
Crackerjacks Children Trust
Cricket Society Trust
1
Delapre Dragons
England Waterpolo
Go Beyond
Guilsborough Primary School
1
Happy Days
Holcot PCC
1
Home Start Kettering
1
Hotshots Basketball
1
Hunsbury Park Primary School
Injured Jockeys Fund
1
Jumpstart
1
Kettering Buccleugh Academy
Kids Aid Foundation
1
Longtown Outdoor Learning Trust
1
Longtown Village Pride
1
Lowdown
Mintrisge Foundation
NAYC
Northampton Basketball Club
1
Northamptonshire Community F’dation
1
Northampton County Cricket Club
Northampton Music 365
Northampton Music Festival
Northampton Saints Foundation
1
Northampton School for Boys
1
Oakham School Foundation
1
Pacesetter Training CIC
1
Peak Empower
Princes Trust
1
REACT
Spratton Hall Parents Association
Starlight Dance School
Total grants to institutions		 Total grants
Y.E. 2023
£
2,000.00
-
-
420.00
-
4,500.00
-
-
-
5,000.00
-
5,000.00
7,630.00
6,000.00
-
1,000.00
7,500.00
-
10,000.00
31,500.00
475.00
-
-
-
300.00
30,000.00
-
-
-
30,000.00
3,500.00
232,123.00
7,750.00
-
10,000.00
-
-
-
394,698.00		 Y.E. 2022
-
500.00
5,000.00
-
326.00
-
800.00
500.00
2,200.00
-
1,581.00
-
-
-
2,000.00
-
-
324.00
-
30,000.00
452.00
40,000.00
6,500.00
10,000.00
-
25,000.00
468.00
5,000.00
5,000.00
60,000.00
-
-
6,000.00
1,490.93
10,000.00
500.00
5,000.00
312.00
218,953.93

13

The Wilson Foundation

Notes to the financial statements (continued)

Grants payable to individuals

Total grants paid to individuals: 10 – total £14,660 (2022 6– total £2,040)

Name of individual

1stWelford Scout Group – 1 donation
ASA Swim England – 2 donations
Daventry Hill School – 2 donations
Izzy B – 1 donation
Kettering Buccleuch Academy – 1 donation
PGL – 1 donation
NMPAT– 1 donation
Liberty Drums Corps– 1 donation
Sebastian T – 1 donation
Northamptonshire Carers – 1 donation
Thomas Ml – 1 donation
Wilby Primary School – 1 donation
Wellingborough District Scouts – 1 donation
Total grants to individuals
Grants to organisations
Grants to individuals
Grants written back
Total Grants 5 April 2023
Reconciliation of grants
Grants made in the period
Grants offered but not paid/cleared b/f
Pledges not yet paid
Less: grants paid in the year
Grants offered but not paid/cleared at 5 April 2023		 Grants
Y.E. 2023
£
1,000.00
-
534.00
-
326.00
500.00
-
400.00
-
250.00
10,000.00
250.00
1,400.00
14,660.00
394,698.00
14,660.00
(296.30)
409,061.70
Y.E. 2023
£
409,358.00
17,352.00
-
(419,970.00)
6,740.00		 Grants
Y.E 2022
£
-
500.00
-
400.00
-
500.00
240.00
-
400.00
-
-
-
-
2,040.00
218,953.93
2,040.00
(4,590.00)
216,403.93
Y.E. 2022
£
201,403.93
5,290.00
15,000.00
(204,341.93)
17,352.00

14

The Wilson Foundation

Notes to the financial statements (continued)

Grants offered but cheques not cleared
England Waterpolo
Hotshots Basketball
Institute of swimming individuals
Izzy Boddington
NMPAT Ewan Lynn
Sebastioan Tubridy
Starlight Dance School
Grants offered but not paid/cleared at 5 April 2023		 Y.E. 2023
Y.E. 2022
£
£
500.00
500.00
6,000.00
-
-
500.00
-
400.00
240.00
240.00
-
400.00
-
312.00
6,740.00
2,352.00

6 Trustees and other related parties

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or in kind.

No Monetary value has been assigned to this donated time in the accounts in line with the Charities SoRP (FRS 102).

Trustees do not charge any expenses incurred.

There were no related party transactions during the year.

15

The Wilson Foundation

Notes to the financial statements (continued)

7 Investments
Investments at market value at 5 April 2022
Acquisitions at cost
Market value at 5 April 2022 of investments sold in the year
Revaluations
Investments at market value at 5 April 2023
Proceeds of investments sold in the year
Market value at 5 April 2022 of investments sold in the year
Profit/(loss) on sale of investments
Net gains/(losses) on investment
Realised profit/(loss) on sale
Revaluations
Investments at 5 April 2023 comprised:
UK investments
Overseas investments		 £
5,572,486.02
3,010,759.04
(2,697,384.42)
(53,203.51)
5,832,657.13
2,321,730.65
(2,697,384.42)
(375,653.77)
(375,653.77)
(53,203.51)
(428,857.28)
5,017,335.72
815,321.41
5,832,657.13

The trust held eighteen shareholdings at 5 April 2023. Ten of these are material, in that they represent more than 5% of the total market value of the Foundation’s holdings (>£291,773.27). These are all held within the Investment portfolio.

16

The Wilson Foundation

Notes to the financial statements (continued)

8 Northampton County Cricket Club ordinary shares

The Trustees of the Wilson Foundation advanced a loan of £100,000 to the Northamptonshire County Cricket Club during the year ended 5 April 2016.

The loan was converted into 400 ordinary shares in Northamptonshire County Cricket Club. Which are held as an investment asset. The value of these shares when converted in the year ended 5 April 2019 was £97,000.00 and have subsequently been valued at £100,000 at 5 April 2023.

9 Cash at bank and in hand

Cash held for investment
WAM Capital - GBP
WAM Capital – US$ Multrees Dealing a/c
Multrees Dealing US$ a/c
Cash at bank
Barclays current account
Barclays reserve account
WAM Income – GBP
Multrees Income a/c
Multrees Income US$ a/c
Multrees Corporate Actions a/c		 2023
£
601,593.54
677.48
-

-
602,271.12

7,061.49
105,144.74
6,283.81
-
-
-

**118,490.04 **		 2022
£
-
-
1,747,502.28
636.77
1,748,139.05
9,667.19
143,075.68
-
33,934.00
11,094.30
4,803.14
202,574.31

17

The Wilson Foundation

Notes to the financial statements (continued)

10 Creditors: amounts falling due within one year

editors: amounts falling due within one year
2023 2022
£ £
KPMG LLP 22/23 (CIO) 7,050.00 -
KPMG LLP 21/22 (CIO) 6,600.00 6,600.00
KPMG LLP 21/20 (CIO) 6,600.00 6,600.00
KPMG LLP 20/21 (Foundation) 2,520.00 2,520.00
S D Knee Ltd 22/23 960.00 -
S D Knee Ltd 21/22 960.00 900.00
S D Knee Ltd 20/21 - 900.00
Whitley Asset Management 14,414.99 16,611.52
Grants offered but cheques not cleared 6,740.00 2,352.00
Pledges agreed but not yet paid - 15,000.00
Cheques drawn but not cleared:
Quattro Architects - 3,600.00
S D Knee Ltd 20/21 960.00 -
Longtown Zip Wire repairs 2,709.60 -
49,514.59 55,083.52

11 Tangible Fixed assets: Longtown: Outdoor Learning Trust

In 2018/19 the Wilson Foundation purchased Longtown Outdoor Education Centre from Northamptonshire County Council.

We have accounted for the acquisition and refurbishment of Longtown as an asset at cost. The purchase of the Outdoor Education Centre, is within the Foundation’s remit to assist young people within Northamptonshire.

COST
At 5 April 2022
Additions
At 5 April 2023
DEPRECIATION
At 5 April 2022
Charge for period
At 5 April 2023
NET BOOK VALUE
At 5 April 2023
At 5 April 2022		 Longtown
Outdoor
Education
Centre 2023
£
1,110,138.28
94,583.83
1,204,722.11
-
-
-
1,204,722.11
1,110,138.28		 High Ropes
Course
2023
£
78,424.98
-
78,424.98
23,527.47
7,842.49
31,369.96
47,055.02

54,897.51		 Total
2023
£
1,188,563.26
94,583.83
1,283,147.09
23,527.47
7,842.49
31,369.96
1,251,777.13
1,165,035.79

18

The Wilson Foundation

Notes to the financial statements (continued)

11 Tangible Fixed assets: Longtown: Outdoor Learning Trust Continued

During the year the Trustee’s also incurred the following running expenses in respect of Longtown Outdoor Education Centre:

During the year the Trustee’s also
Outdoor Education Centre:		 incurred the followi
£
Climbing wall maintenance 17,292.00
Insurance 3,830.17
Zipwire repairs 2,709.60
Total 23,831.77

19