**Charity number: 1199576** ## **CATHY WILLS CHARITABLE TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **CATHY WILLS CHARITABLE TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 4| |**Independent Examiner's Report**|5 - 6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 - 18| ## **CATHY WILLS CHARITABLE TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024** |**Trustees**|Catherine Wills, Chair| |---|---| ||Natalie Wills, Trustee| ||Annabelle Scholar, Trustee| ||Alexander Wills, Trustee| |**Charity registered**
**number**
1199576
**Principal office**
10 Eton Road
London
NW3 4SS
**Accountants**
Shaw Gibbs (Audit) Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
**Bankers**
Svenska Handelsbanken AB
Andrews House
College Road
Guildford
Surrey
GU1 4QB
Coutts & Co
440 Strand
London
WC2R 0QS
**Investment Managers**
Charles Stanley & Co. Limited
55 Bishopsgate
London
EC2N 3AS|| Page 1 ## **CATHY WILLS CHARITABLE TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2024 to 31 December 2024. ## **Objectives and activities** ## **a. AIMS AND OBJECTIVES OF THE CHARITY** The aims and objectives of the Charity are to distribute donations each year to other charitable organisations from assets and income. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. The Charity operates a general fund covering all its activities. ## **b. TRUSTEES** The Trustees who have served during the period to date are: Catherine Wills Natalie Wills Annabelle Scholar Alexander Wills Trustees are appointed by the existing Trustees as they consider necessary. The Trustees are well aware of their duties and responsibilities and any new Trustees would be required to have this knowledge as well. ## **c. REVIEW OF THE YEAR** Interest and dividend income totalling £158,014 was generated from bank accounts and investments. Donations were made totalling £328,516. ## **d. INVESTMENT POLICY** The Trustees have discretion to invest in any form of investments they consider appropriate. They have the power to delegate the management of investments to authorised financial experts. During the period, the Trustees used Charles Stanley Stockbrokers as Investment Advisers. At the period end, the value of quoted investments held amounted to £3,095,607 after providing for a loss in value of £52,249. The charity's investment policy has been to maintain substantial funds on deposit to ensure that they are readily available when required. The Trustees review the policy on a regular basis. ## **e. GRANT-MAKING POLICY** The Trustees meet on a regular basis and decide on grants to be paid. The Trustees' policy is to distribute funds to a wide range of well deserving causes in accordance with the objectives of the Trust. The Trustees intend to continue these policies for future periods, and with due regard to the Charity Commission guidance on public benefit. Page 2 ## **CATHY WILLS CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Objectives and activities (continued)** ## **f. RESERVES POLICY** The Trust is a grant-making charity which aims to distribute a proportion of its assets and income each year. The Trustees will maintain the fund to guarantee investment income in the future but may on occasions distribute monies from its general funds. Unrestricted funds at the period-end totalled £3,096,416, of which £3,095,607 is held in a fixed asset investment portfolio. ## **g. RISK ASSESSMENT** The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate these risks. They principal risk and uncertainty relates to the investment portfolio held and the volatility of UK and non-UK markets on the investments valuation. The knowledge and expertise of investment managers are utilised to mitigate this risk by spreading the portfolio over a range of markets and asset classes, as well as when to purchase or sell assets. ## **h. AIMS AND OBJECTIVES OF THE CHARITY FOR THE PUBLIC BENEFIT** Organisations which benefit from the charity include welfare, medical, artistic and educational charities in the UK and Israel focussing on women and children, especially with medical research, students, educational organisations and arts institutions. ## **i. LEGAL STATUS** The charity is constituted as a charitable incorporated organisation (CIO), registered with the Charity Commission under number 1199576. The charity was incorporated on 7 July 2022. It's governing document is the Trust Deed dated 7 July 2022. ## **j. MAIN ACHIEVEMENTS OF THE CHARITY** During the period the charity made grants of £328,516. k. METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Page 3 ## **CATHY WILLS CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' 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 which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 order of the members of the board of Trustees and signed on their behalf by: Cathy Wills ## **Catherine Wills** Date: 04 Dec 2025 Page 4 ## **CATHY WILLS CHARITABLE TRUST** **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Independent Examiner's Report to the Trustees of Cathy Wills Charitable Trust ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 5 ## **CATHY WILLS CHARITABLE TRUST** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's 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 Charity and the Charity's Trustees as a body, for my work or for this report. Signed: M Dickinson Dated: 04 Dec 2025 Mark Dickinson FCA Shaw Gibbs (Audit) Limited Wey Court West Union Road Farnham Surrey GU9 7PT Page 6 ## **CATHY WILLS CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024** |**Note**
**Income from:**
Donations and legacies
2
Investments
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
7
**Total expenditure**
**Net (expenditure)/income before net losses on**
**investments**
Net losses on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
**-**
**158,014**
**158,014**
**13,546**
**331,156**
**344,702**
**(186,688)**
**(52,249)**
**(238,937)**
**3,335,353**
**(238,937)**
**3,096,416**|**Total**
**funds**
**31 December**
**2024**
**£**
**-**
**158,014**
**158,014**
**13,546**
**331,156**
**344,702**
**(186,688)**
**(52,249)**
**(238,937)**
**3,335,353**
**(238,937)**
**3,096,416**|_Total_
_funds_
_Period ended_
_31 December_
_2023_
_£_
_3,603,420_
_114,271_
_3,717,691_
_8,291_
_198,235_
_206,526_
_3,511,165_
_(175,812)_
_3,335,353_
_-_
_3,335,353_
_3,335,353_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 18 form part of these financial statements. Page 7 ## **CATHY WILLS CHARITABLE TRUST** ## **BALANCE SHEET AS AT 31 DECEMBER 2024** |**Note**
**Fixed assets**
Investments
11
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current liabilities / assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
13
**Total funds**|**-**
**-**
**(8,791)**|**2024**
**£**
**3,105,207**
**(8,791)**
**3,096,416**
**3,096,416**
**3,096,416**
**3,096,416**|_168,439_
_168,439_
_(6,150)_|_2023_
_£_
_3,173,064_
_162,289_| |---|---|---|---|---| |||||_3,335,353_| |||||_3,335,353_| |||||_3,335,353_| |||||_3,335,353_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ## Cathy Wills ## **Catherine Wills** ## Date: 04 Dec 2025 The notes on pages 9 to 18 form part of these financial statements. Page 8 **CATHY WILLS CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. Accounting policies** ## **1.1 Accounting Convention** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The 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 the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Trust constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The most significant area of judgement is the valuation of investments at market value at the reporting date. ## **1.2 Incoming Resources** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investment advisor of the dividend yield of the investment portfolio. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **1.3 Expenditure Recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. Grants payable are payments made to third parties in the furtherance of the charity objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant is outside of the control of the Trust. Page 9 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. Accounting policies (continued)** ## **1.3 Expenditure Recognition (continued)** Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable. All expenditure is inclusive of irrecoverable VAT. ## **1.4 Fixed Asset Investments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not hold put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investments markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or subsectors. Other investments are included at fair value. ## **1.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.6 Funds** Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Page 10 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **2. Income from donations and legacies** |Donations
Gift from The Cecil and Hilda Lewis Charitable Trust
_Total 2023_|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
-
-
-
_3,603,420_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**-**
_150_
**-**
_3,603,270_
**-**
_3,603,420_
_3,603,420_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**-**
_150_
**-**
_3,603,270_
**-**
_3,603,420_
_3,603,420_| |---|---|---|---| ||||| ## **3. Investment income** |Income from listed investments
_Total 2023_|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
158,014
_114,271_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**158,014**
_114,271_
_114,271_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**158,014**
_114,271_
_114,271_| |---|---|---|---| ||||| Page 11 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **4. Investment management costs** |Investment management fees
Bank charges
_Total 2023_|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
13,499
47
13,546
_8,291_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**13,499**
_8,246_
**47**
_45_
**13,546**
_8,291_
_8,291_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**13,499**
_8,246_
**47**
_45_
**13,546**
_8,291_
_8,291_| |---|---|---|---| ||||| ## **5. Analysis of grants** |Donations to institutions
_Total 2023_|**Grants to**
**Institutions**
**31**
**December**
**2024**
**£**
328,516
_192,085_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
_192,085_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
_192,085_| |---|---|---|---| ||||| Page 12 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. Donations payable to Institutions** |BFAMI
The Contemporary Art Society
Friends of YAD Sarah
Refuge
Courtauld Institute
Weizman UK
Artangel Trust
Magen David Adom UK
Pangaea Sculptors' Centre
Camden Art Centre
St Marys Community Centre
Walking with the Wounded
Freedom from Torture
The MGS Trust
Withington Girls School
240 Project
Victoria and Albert Museum
The Line
South London Gallery
23 (2023:24) other donations less than £10,000|**2024**
**£**
**70,500**
**22,666**
**20,000**
**15,000**
**10,000**
**10,000**
**10,000**
**10,000**
**10,000**
**15,000**
**-**
**-**
**20,000**
**-**
**-**
**-**
**15,000**
**10,350**
**-**
**90,000**
**328,516**|_2023_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_15,400_
_10,360_
_10,000_
_10,000_
_10,000_
_10,000_
_10,000_
_10,000_
_10,000_
_10,000_
_10,000_
_76,325_
_192,085_| |---|---|---| Page 13 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **7. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Donations to institutions
Audit and accountancy fees
_Total 2023_|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
328,516
2,640
331,156
_198,235_|**Total**
**31**
**December**
**2024**
_Total_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
**2,640**
_6,150_
**331,156**
_198,235_
_198,235_|**Total**
**31**
**December**
**2024**
_Total_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
**2,640**
_6,150_
**331,156**
_198,235_
_198,235_| |---|---|---|---| ||||| ## **8. Analysis of expenditure by activities** ## **Grant** |Donations to institutions
Audit and accountancy fees
_Total 2023_|**funding of**
**activities**
**31**
**December**
**2024**
**£**
328,516
-
328,516
_192,085_|**Support**
**costs**
**31**
**December**
**2024**
**£**
-
2,640
2,640
_6,150_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
**2,640**
_6,150_
**331,156**
_198,235_
_198,235_|**Total**
**funds**
**31**
**December**
**2024**
_Total_
_funds_
_Period ended_
_31_
_December_
_2023_
**£**
_£_
**328,516**
_192,085_
**2,640**
_6,150_
**331,156**
_198,235_
_198,235_| |---|---|---|---|---| |||||| Page 14 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **9. Independent examiner's remuneration** |||_Period ended_| |---|---|---| ||**31**|_31_| ||**December**|_December_| ||**2024**|_2023_| ||**£**|_£_| |Fees payable to the Charity's independent examiner for the independent||| |examination of the Charity's annual accounts (2023 fees payable to the||| |auditor for audit fees)|**2,640**|_4,800_| |Fees payable to the Charity's independent examiner (auditor in 2023) in||| |respect of:||| |All other services not included above|**-**|_1,350_| ## **10. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 15 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **11. Fixed asset investments** |**Cost or valuation**
At 1 January 2024
Additions
Disposals
Revaluations
Cash movement
At 31 December 2024|**Listed**
**investments**
**£**
**3,163,464**
**68,262**
**(221,727)**
**(52,249)**
**137,857**
**3,095,607**|**Other fixed**
**asset**
**investments**
**£**
**9,600**
**-**
**-**
**-**
**-**
**9,600**|**Total**
**£**
**3,173,064**
**68,262**
**(221,727)**
**(52,249)**
**137,857**
**3,105,207**| |---|---|---|---| The other fixed asset investments consist of works of art. Listed investments can be further analysed as follows: |Fixed interest - UK
Equities - UK
Equities - non UK
Property
Alternatives
Mixed Investments
Cash - UK|**2024**
**£**
**614,199**
**745,314**
**498,653**
**224,333**
**731,921**
**80,595**
**200,592**
**3,095,607**|_2023_
_£_
_646,212_
_809,788_
_489,220_
_254,043_
_800,274_
_97,295_
_66,632_
_3,163,464_| |---|---|---| ## **12. Creditors: Amounts falling due within one year** |Bank overdrafts
Accruals and deferred income|**2024**
**£**
**1**
**8,790**
**8,791**|_2023_
_£_
_-_
_6,150_| |---|---|---| |||_6,150_| Page 16 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **13. Statement of funds** ## **Statement of funds - current year** ||||||**Balance at**| |---|---|---|---|---|---| ||**Balance at 1**||||**31**| ||**January**|||**Gains/**|**December**| ||**2024**|**Income**|**Expenditure**|**(Losses)**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |**Unrestricted funds**|||||| |General Funds - all funds|**3,335,353**|**158,014**|**(344,702)**|**(52,249)**|**3,096,416**| ||||||| |**Statement of funds - prior**|**year**||||| ||||||_Balance at_| ||||||_31_| |||||_Gains/_|_December_| |||_Income_|_Expenditure_|_(Losses)_|_2023_| |||_£_|_£_|_£_|_£_| |**Unrestricted funds**|||||| |General Funds - all funds||_3,717,691_|_(206,526)_|_(175,812)_|_3,335,353_| ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Fixed asset investments
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
3,105,207
(8,791)
3,096,416|**Total**
**funds**
**2024**
**£**
**3,105,207**
**(8,791)**
**3,096,416**| |---|---|---| Page 17 ## **CATHY WILLS CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **14. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior period** |Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_3,173,064_
_168,439_
_(6,150)_
_3,335,353_|_Total_
_funds_
_2023_
_£_
_3,173,064_
_168,439_
_(6,150)_
_3,335,353_| |---|---|---| ## **15. Related party transactions** During the year donations were made to The Contemporary Arts Society of £22,666 (2023: £nil) and BFAMI of £70,500 (2023; £nil) whereby Catherine Wills is also a Trustee. Page 18 ## **Issuer** **Issuer** Shaw Gibbs **Document generated** Thu, 6th Nov 2025 13:22:28 GMT **Document fingerprint** 116ec3883b3a4ac06f03dd85d0ede5e2 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Thu, 4th Dec 2025 15:27:39 GMT Thu, 4th Dec 2025 16:09:41 GMT ## **Audit history log** ## **Date** Thu, 6th Nov 2025 13:22:28 GMT Thu, 6th Nov 2025 13:22:28 GMT Thu, 6th Nov 2025 13:26:01 GMT Thu, 6th Nov 2025 13:26:01 GMT Thu, 6th Nov 2025 14:07:11 GMT Thu, 6th Nov 2025 14:14:35 GMT Thu, 6th Nov 2025 14:14:36 GMT Thu, 6th Nov 2025 14:19:38 GMT Thu, 6th Nov 2025 14:19:51 GMT Thu, 6th Nov 2025 14:20:25 GMT Thu, 6th Nov 2025 14:20:33 GMT Thu, 6th Nov 2025 14:20:36 GMT Thu, 6th Nov 2025 14:20:40 GMT Thu, 6th Nov 2025 14:20:49 GMT Thu, 6th Nov 2025 14:20:50 GMT Thu, 6th Nov 2025 14:20:52 GMT Thu, 6th Nov 2025 14:21:29 GMT Thu, 6th Nov 2025 14:22:53 GMT Thu, 6th Nov 2025 17:09:52 GMT Thu, 6th Nov 2025 17:09:54 GMT Cathy Wills - Signer (56a525c9d09ed4e9bc35329b4e3e59c9) Mark Dickinson - Signer (3f887bd07f5b6115727fc21fae50094d) **Action** Envelope generated by Stacey White (217.67.52.119) Document generated with fingerprint 116ec3883b3a4ac06f03dd85d0ede5e2 (217.67.52.119) Sent the envelope to Cathy Wills (cathywills@gmail.com) for signing (217.67.52.119) Document emailed to cathywills@gmail.com Cathy Wills opened the document email. (74.125.208.136) Cathy Wills opened the document email. (66.249.93.102) Cathy Wills opened the document email. (66.249.93.103) Cathy Wills opened the document email. (74.125.208.134) Cathy Wills opened the document email. (74.125.208.137) Cathy Wills opened the document email. (74.125.208.138) Cathy Wills opened the document email. (74.125.208.139) Cathy Wills opened the document email. (74.125.208.137) Cathy Wills opened the document email. (74.125.208.139) Cathy Wills opened the document email. (74.125.208.135) Cathy Wills opened the document email. (74.125.208.134) Cathy Wills opened the document email. (74.125.208.139) Cathy Wills opened the document email. (74.125.208.139) Cathy Wills opened the document email. (74.125.208.139) Cathy Wills opened the document email. (66.249.93.102) Cathy Wills opened the document email. (66.249.93.102) Thu, 6th Nov 2025 19:12:13 GMT Mon, 10th Nov 2025 14:29:03 GMT Wed, 26th Nov 2025 15:26:23 GMT Wed, 26th Nov 2025 15:26:23 GMT Wed, 26th Nov 2025 15:43:52 GMT Thu, 27th Nov 2025 10:18:03 GMT Thu, 27th Nov 2025 14:23:01 GMT Thu, 27th Nov 2025 14:24:56 GMT Thu, 27th Nov 2025 14:56:45 GMT Thu, 27th Nov 2025 17:44:37 GMT Thu, 27th Nov 2025 17:54:59 GMT Mon, 1st Dec 2025 17:37:43 GMT Thu, 4th Dec 2025 15:20:50 GMT Thu, 4th Dec 2025 15:20:57 GMT Thu, 4th Dec 2025 15:27:39 GMT Thu, 4th Dec 2025 15:27:40 GMT Thu, 4th Dec 2025 15:27:40 GMT Thu, 4th Dec 2025 16:09:11 GMT Thu, 4th Dec 2025 16:09:41 GMT Thu, 4th Dec 2025 16:09:41 GMT Thu, 4th Dec 2025 16:09:41 GMT Thu, 4th Dec 2025 16:09:41 GMT Thu, 4th Dec 2025 16:09:41 GMT Cathy Wills opened the document email. (66.249.93.102) Cathy Wills opened the document email. (66.249.93.98) Sent Cathy Wills a reminder to sign the document. (217.67.52.119) Document emailed to cathywills@gmail.com Cathy Wills opened the document email. (66.249.93.70) Cathy Wills opened the document email. (66.249.93.77) Sent Cathy Wills a reminder to sign the document. (217.67.52.119) Document emailed to cathywills@gmail.com Cathy Wills opened the document email. (66.249.93.78) Cathy Wills opened the document email. (66.249.83.97) Cathy Wills opened the document email. (66.249.93.77) Cathy Wills opened the document email. (66.249.93.71) Cathy Wills opened the document email. (66.249.93.69) Cathy Wills viewed the envelope (86.149.34.14) Cathy Wills signed the envelope (86.149.34.14) Sent the envelope to Mark Dickinson (mark.dickinson@shawgibbs.com) for signing (86.149.34.14) Document emailed to mark.dickinson@shawgibbs.com Mark Dickinson viewed the envelope (217.67.52.119) Mark Dickinson signed the envelope (217.67.52.119) This envelope has been signed by all parties (217.67.52.119) Signed document confirmation emailed to cathywills@gmail.com (217.67.52.119) Signed document confirmation emailed to mark.dickinson@shawgibbs.com (217.67.52.119) Signed document confirmation emails have been sent to all parties. Document URL: https://api.signableapi.com/shareable/envelope?t=0f80398c-8734-4c9b-a94 5-3b0776b51105 (217.67.52.119)