2024-04-05-accounts

Februa 2025 The Catherine and Angus Wood Charitable Trust Charity number 1197572 Trustees Report and Financial Statements For the Year Ended 5th April 2024

The Catherine and Angus Wood Ch8rft8ble Trusl Contents AdrninistratNe Inform*ion Report ol theTrustees Receipts aThl PaymentsAccount statementofAssetsand Llabilitles Independent Examine¢s Report

The CatrÉrfne and Angu5 Wood Charitable Tntst The trust Is a Tegistered charlty established by deed dated 9th November 2021. Charity Re￿stratIOn Nurnber is 1197572. TheTrust•e$ Allsiair David Robert Wood HCR Trust CDrporaiion L*mited Prln¢lpal addTe5S Ellenborough House Wellington Streei Cheltenharn GL50 IYD Independent examlner Alan DerekT8yior IFA 50-60 Station Road Cambrldge CBI 2JH Investment manag?rs Brewin Dolphln 2nd Floor Sl James House Sijames, Square Cheltenham GLSO 3PR

The Cath8rtn8 and Angus Wood Chaiilable Trust Trustees Report The Trustees are pléased to present their report togelher wilh the financial statements for the year ended 5th Aprll2024. The financial statements have been prepared in accordance with the applicable accourbtlng policies that comply with the charity'5 tiusi deed. the Charities Act 2011 and the Statement oy Recommènded Practice on Accounting and Reporting by Charities SORP. The ttnancial statements comprlse a Receipt and Payments Accountforihe year and a siatemeni of Assets and Liabiilties asat SthAptiL2024. The objects of Ihe Chavty are geneial eharltable a5 trusteès see fit and the main activity of the charity Is grant making. No tunds are held on special trusis and the charity does not invofve in fundralslng or solicit grfts and donationsfrom individuals. organisations orothercharlties. The Trustees are 8w8re of the Public Benefit provlslons ol the Charhlèg Act 2011 and of thE guidance on them publi8h8d by the Charity Commission. They are satisfied that the objects of thE Charlty and the activities of the Charity are within the delinitions olthe Charltable Purposes 8S Sètdown by the Act. Trustees meet once a year to a decide on the grants in accordarKe wlth these prlnciple5. The aim is to distribute Ihe income of the Tiust every year to every two yeais. recognislng that this wll vary from each period depending on the Income andgains and a number of 3ppUcations to consldef. The trustees have a adopted an InVe￿ment polKy to maintain the value ol the Fund whilst generating income to enable trustees to make thegrants. TNgtees selectlon methods and tralnlng There must be at least two trusiees and there are no requirements loi additional Trustees ai pieseni. The current trustees have access to the Chailty Commission5 publications on Responsibllitles ol Charity Trustee5 IC31 and Ihai ihey have lead and understood the conienis. In selecling ttustees, the trustees must have regard to ihe ski115. knowledee a￿• experlence needed for the èffecifve administration ol the charfty. RlskM3nage￿eTrt The trustee3 have assessed the rlsks to which the Trust 15 exposed and consider that the majoi risk laced bythe charity 15 a posslble loss in the value of its investmetits. This is minimised bythe use ol professional irwestment advisois and a regular reviewof the in¥esiments. Reserves poucy The tN5tees policy is to retain the Iwee ieserves of the charity to meetfees and conisnEencies. The fund Is bèing accumulated perlotlicallyand the fund5 ale dlsiiibuted when agre￿ byTrusiees on its objects in the nancial year.

The Catherfne and Angus Wood Charitable Tntst Truslees Report Truslees Respon5ibllliles The Trusiees are requlred by law to prepare the financial siaiements lor each financial year which show Ihe Income and expeTrJiture during the year. In prepailng these fi'nancial statements the trustèès are required: to select suitable accounting PDlicies and applythem conslstently io makeludgernents and &stlmates that are reasonable and prudent io follow applicable accounting siandards of the Charities SORP. dlscloslng and expialning any departures in the linanclal statements - to prepare the financial statements on the going Concerns basis unless it is inapptopilaie toassurne that theycharrtywilicontinue The trustees are responsible for keeplng proper a¢¢ouniing records which dlsclose with reasonable accuracy at any tlme the financlal p051tion of the Tiust and enable them to ensure that the financial statements CDmplywith the reouirements olthe section 130 Charities Act 2011. They are also responsible for safeguarding the assets of the trust and for taking reasonable steps for ihe prevention and detection ol fraud. ActSvfjlles dwlngtheyear, achlevemenlsand perfoiman¢e The tsustees have not made any donations during the year and they have resolved in November 2023 10 use the income to make a totslof £IOO.IKIO donations. The giants wele paid afterthe year end. After exponses and with a n8t axpenditure from the Investments disp05aLs and acqulsrtions the excess of payments over receiptsforthe yearwas £14.953. Votue olthelund The value of the fuThd as at5th April 2024was £3.013.141. Signed for and on behalf ol theTrustee5 on 025 HCR Trust Corporation Lt(i

The Calherine and Angus W¢Jod Charitable Trust Recelpts and payments accounl forthe year ended 5th April2024 2024 2023 RECEIPTS Tran51erfrornAIH Wood Estste Cash transfer In capltal Cash transfer in income 790,884.46 116.727.07 907,611.53 Investment Income UK company dividends UK Unittrusl dwidends UK Unlttrust inierèst UKfiKed interest Q¥erseas dlvidends Overseas interest Propertyfund dlstiibutlons UK dep051t intere51 19,971.48 13.794.56 16,464.12 993.75 4.822.IG 7.34D.93 2.555.00 3.289.88 19,265.75 4.3S0.88 6.568.73 1,953.90 4,955.99 1.198.75 301.75 69,231.88 38,595.75 othey cash tecelpts Proceeds ol investmentdisposals Equalisation paymellts and other receipts Previousyear5 investment income V26.889.84 1,423.98 132.08 966.822.32 2.043.82 Totalfecelpts 697.677.78 IOJ&07&42 PAYMENTS Accurnulations of Income lor investment Accumulatlon of funds equali5ation payments Charitable donations and grants made Acquisition ot Investmenis Legal and professSonalfees Investrnent tnanagemenifees Total payments 3,547.42 1.423.98 224.64 113.15 591482.78 1,768.865.92 108.00 14.771.99 15,176.75 612,630.93 1.784083.70 Netre¢tlpts I Ipayynentsl Cash brought forward 114,953.151 I30,9￿.72 130,989.72 116.036.57 130,989.72 Represented byc8sh held Brewin Dolphin Cash- Income Brewin Dolphin Cash- Capital 55.51 115,981.06 1,552.84 129,436.88 116.036.57 130.989.72

The C8th8rlne and Angus Wood Charhable T￿￿t Statement of assets and Ilabllltles as at 5th Aprll 2024 2023 lllvp5tmentsat markeivalue UK Bonds Overseas Bonds UK Equities Overseas Equltles Global Investments Absolute return investments OtherlnvesimentS 569,238.n 142,739.62 440,418.74 1.280.454.36 105,411.60 222,926.98 131,993.97 2,893,183.97 102.020.30 360.689.42 525.188.18 944.285.92 121,742.38 325.722.34 232.625.00 2.612.273.54 Brewin Dolphin Cash- income Brewln Dolphin Cash- capital 55.51 115,981.( 116,036.57 1,552.84 I￿.436.88 130.989.72 Pendin8 dNidends to be credited tothè income account 1920.8S 5,844.55 Netassets 4Oi&Ui.39 2,749,107.81 Approved bythe Irusiees on 2025 I'FJ-< HCR Trusicorporation Ltd

The Catherine and Angus Wood Charitable Tnjst Independent examlner's report I report on the 1Snanclai stsiement5 of the Charlty I'lhe Trusf'i r8gistered number 1197572 lor the sf ended 5thApri12024. which ale $81 out trn p8ge5 1 to S. Resp•n$lblll¢lesand besl8ofreporr I report to the trustees on my èxamlnatlon of Ihe accounts of the above chèrity l.the Twst") for the year en(Jed 5thApd1202 Asthe chaiity InJstee5 of the Trust, you are r8spoTrsibleforthe preparation of th& accounts (n acBord4tK whh the requiiemenisol the ChytitiesAc120111"the Act'l. The chaiity'stTUStees con51derthat an 8uditis ot reouiredlDrthis year under section 144 ofihe Charities Aci 2011andlhaian independeni It Is myTe5pon&bikn'tyto'. - examine the accounts undersè¢tion 145 olthe Charities Act to lollow the procedures laid down In the general Dliectlon given by the Charity Comm15510n UDdei sedion 14515llblofthe Chailties Act. and - to Slaie wheihei particular matters h3ve come to my attgnuon I report in respect of my eKamln31ion of the Tiusl'5 accounts carried out under setiion 145 of the 2011 Act and in tarrylng out tny examination, following the appllcabLe DIredi0￿5 gwen by the Charty Commisshjn undeisection 14515llblof theA¢i. Indoppndentexamlnefs statement I have complÈttd my examinalion. I confjrm that no materral matt￿S ha￿ come to my aitentK)n l in onnectitln wllh the exarnlnatlon which gives me ¢ou5e to believethzt in, anymateri81 respectr. 8ccDuming recon15were noi kepl In accoiuancewllh 5eciion 130 oYlheAci or thp accounts notaccoid wflhine8cr.ovnrinE recorijs I have no concern3 and have come acros5 no other matters in connection wlth the examlnallm to wh￿h att2ntionshould tse Ovawn in older to enabte 8 WOPErundeisiandlnÉ oftheaccounts to be reache(l. S¢ned., A.D. I Date.. 31xl102S Name.. A Lqfrj JAYèol4 Reiovanl prote55iona1qua￿"flcat￿onls1 or bodylilanyl.. I ￿￿170T£ F IAIA 4)YAIJlS Address.. SD. 6D ST47i#tsJ Rb 81 XJH

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