2024-10-10-accounts - Wheeler Mill Foundation

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Trustees’ Annual Report for the period

From 11 October 2023 To 10 October 2024

Charity name: Wheeler Mill Foundation Charity registration number: 1205225 Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Objects of the Charity are for the public benefit to further such exclusively charitable purposes according to the laws of England and Wales in any part of the world (Objects) as the Trustees may in their absolute discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made no grants.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £27,040. In addition to the free reserves the charity has bank balances of £456,015 and investments valued at £2,237,297 within the expendable endowment fund which can be released to support the activities of the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted

Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 10thOctober 2023.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or bodyentitled	Para 1.25	Trustees are appointed by the settlors during their lifetime and while they have mental capacity.

to appoint one or more trustees

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow received £12,585 for trust administration services and £609 for cash management services during the year under review. These fees are authorised under clause 9 of the trust deed.
Other

Reference and Administrative details

Charity name	Wheeler Mill Foundation
Other name the charity uses
Registered charity number	1205225
Charity’s principal address	Trustee Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust CompanyLimited
	Catherine Mary Wheeler
	Catherine Taylor
	Peter John Ogle Wheeler

19 20 – Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers
Bankers
Accountants

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
Full name(s) Chris Thurlow
On behalf of Ludlow Trust
Company Limited
Position (eg Secretary, Trustee
Chair, etc)
Date
07 August 2025
----- End of picture text -----

	Wheeler Mill Foundation	Wheeler Mill Foundation	Wheeler Mill Foundation	1205225	CC16a
	For the period from	11/10/2023 Period start date	To	10/10/2024 Period end date

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 11,132 16,517 - - - - - - 27,649 - - - 27,649 - 12,585 480 609 12 - - - 13,686 - - - 13,686 13,963 13,077 - 27,040	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - 2,524,613 92,500 - - - - 2,617,113 521,206 - 521,206 3,138,319 5,935 - - - - - - - 5,935 2,663,292 - 2,663,292 2,669,227 469,092 (13,077) - 456,015	Total funds to the nearest £ 11,132 16,517 2,524,613 92,500 - - - - 2,644,762 521,206 - 521,206 3,165,968 5,935 12,585 480 609 12 - - - 19,621 2,663,292 - 2,663,292 2,682,913 483,055 - - 483,055	Last year to the nearest £
Income from investments	11,132				-
Interest received	16,517				-
Addition from settlors	-				-
HMRC Gift Aid	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	27,649				-

A2 Asset and investment sales, (see table).
Sale of investments	-				-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					-

Investment manager fees (including VAT)	-				-
Trust administration fees (including VAT)	12,585				-
Legal fees	480
Cash management fee	609
Bank charges	12				-
	-				-
	-				-
	-				-
**Sub total **	13,686				-

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				-
	-				-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	13,963	-	469,092	483,055	-
	13,077	-	(13,077)	-	-
	-	-	-	-	-
	27,040	-	456,015	483,055	-

CCXX R1 accounts (SS)

07/08/2025

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Capital account Income account Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 27,040 - - - 27,040 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			456,015
			-
			-
			456,015
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			2,237,297
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

07/08/2025

Independent Examiner's Report to the Trustees of Wheeler Mill Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 10 October 2024.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records.

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.

Geoffrey Frost BSc(Hons) FCA Date 08 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY