**Charity registration number 503837** ## **THE WILMCOTE CHARITRUST** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 30 SEPTEMBER 2025** ## **THE WILMCOTE CHARITRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mrs R J S Whiteside (Appointed 14 May 2024) Mrs Anabel Murphy (Appointed 14 May 2024) Miss Olivia Whiteside (Appointed 14 May 2024) TC Professional Trustees and (Appointed 14 May 2024) Executors Ltd ## **Charity number** 503837 ## **Independent examiner** TC Group Celixir House Stratford Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire United Kingdom CV37 7GZ **THE WILMCOTE CHARITRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of fnancial actvites|4| |Balance sheet|5| |Notes to the fnancial statements|6 - 11| ## **THE WILMCOTE CHARITRUST** ## **TRUSTEES' REPORT** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ The Trustees present their annual report and financial statements for the Period ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities Act 2011 and "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). ## **Objectives and activities** The charity was established in order to take over the activities and assets of a former charitable trust in a new modern vehicle designed under current legislation to be more fit for the charities purposes. The transfer of the assets concluded on 27 September 2024 and the following charitable activities commenced from that date. The objects of the charity are to advance such charitable purposes as the charity trustees see fit from time to time. Priority is given to charities and goo causes promoting the relief of poverty, sickness, old age and distress, the advancement of religion and education and such other charitable objects as shall from time to time be considered appropriate by the trustees. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ The charity has made charitable donations totalling £40,317 in the period to various types of charities. The trustees are happy with the performance of the underlying investments and are confident that the charity can continue is activities for the foreseeable future. ## **Financial review** The Trustees have continued to follow the same grant making policy as that operated by the previous charitable trust, which is making grants to individuals, to other charities and for other charitable purposes. The trustees have no intention in changing the policy stated above in the future. There are no restrictions on the charity's power to invest. It may receive, hold and invest in any securities, properties and investments as they may think fit subject to any consents, stipulations or conditions which may be imposed or required of the trustees. The investment strategy is set by the trustees for a period of five years. The strategy is reviewed with the investment managers annually. ## _Reserves policy_ It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level, which provides sufficient investment income to cover the level of grants and expenditure each year. ## **Structure, governance and management** Each year the charity examines the major strategic, business and operational risks, which it faces, with a view to developing and implementing systems to mitigate any exposure. - 1 - ## **THE WILMCOTE CHARITRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ The Trustees who served during the Period and up to the date of signature of the financial statements were: Mr Graham Beach (Appointed 14 May 2024 and resigned 4 June 2025) Mrs R J S Whiteside (Appointed 14 May 2024) Mrs Anabel Murphy (Appointed 14 May 2024) Miss Olivia Whiteside (Appointed 14 May 2024) TC Professional Trustees and Executors Ltd (Appointed 14 May 2024) None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Trustees' report was approved by the Board of Trustees. Anabel Murphy **Trustee** 27 July 2026 - 2 - **THE WILMCOTE CHARITRUST** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE WILMCOTE CHARITRUST** I report to the Trustees on my examination of the financial statements of The Wilmcote Charitrust (the Charity) for the Period ended 30 September 2025. ## **Responsibilities and basis of report** As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all 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 financial statements in accordance with 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) 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 now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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 financial statements do not accord with those records; or - 3 the financial statements 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 requirementthat 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 financial statements to be reached. ## **TC Group** Celixir House Stratford Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire CV37 7GZ United Kingdom Dated: 27 July 2026 - 3 - ## **THE WILMCOTE CHARITRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ |||**Unrestricted**| |---|---|---| |||**funds**| |||**2025**| ||**Notes**|**£**| |**Income from:**||| |Investments|**2**|25,952| |**Total income**||25,952| |**Expenditure on:**||| |Charitable actvites|**3**|40,418| |Other expenditure|**7**|34,347| |**Total expenditure**||74,765| |Net gains/(losses) on investments|**8**|51,794| |**Net income**||2,981| |Transfers between funds||1,323,161| |**Net movement in funds**|**4**|1,326,142| |**Reconciliaton of funds:**||| |Fund balances at 14 May 2024||-| |**Fund balances at 30 September 2025**||1,326,142| The statement of financial activities includes all gains and losses recognised in the Period. All income and expenditure derive from continuing activities. - 4 - ## **THE WILMCOTE CHARITRUST** ## **BALANCE SHEET** ## _**AS AT 30 SEPTEMBER 2025**_ |**Notes**
**Fixed assets**
Tangible assets
**10**
Investments
**11**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**12**
**Net current assets**
**Total assets less current liabilites**
**Net assets excluding pension liability**
**The funds of the Charity**
Unrestricted funds
The fnancial statements were approved by the Trustees on 27 July 2026
Anabel Murphy
**Trustee**|**2025**
**£**
**£**
448
1,256,896
1,257,344
69,797
(999)
68,798
1,326,142
1,326,142
1,326,142
1,326,142|**2025**
**£**
**£**
448
1,256,896
1,257,344
69,797
(999)
68,798
1,326,142
1,326,142
1,326,142
1,326,142| |---|---|---| |||1,257,344
68,798| |||1,326,142| |||1,326,142| |||1,326,142| |||1,326,142| |||| - 5 - ## **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ ## **1 Accounting policies** ## **Charity information** The Wilmcote Charitrust is a charity. ## 1.1 **Reporting period** FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ## **1.2 Accounting convention** The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.3 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.4 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. - 6 - **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ ## **1 Accounting policies** **(Continued)** Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. ## **1.5 Income** Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.6 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, andthe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.7 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 20% SL The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.8 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. - 7 - ## **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ ## **1 Accounting policies** **(Continued)** ## **1.9 Impairment of fixed assets** At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.10 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Income from investments** ||**Unrestricted**| |---|---| ||**funds**| ||**2025**| ||**£**| |Income from listed investments|10,793| |Interest receivable|15,159| ||25,952| ## **3 Expenditure on charitable activities** |**Direct costs**
Depreciaton and impairment
Aged Charites
Children's /Young Persons Charites
Ex-service Charites
General Charites
Medical Charites
Religious Charites
**Analysis by fund**
Unrestricted funds - general|**2025**
**£**
101
2,000
7,075
2,000
17,992
10,250
1,000| |---|---| ||40,418| ||40,418| - 8 - ## **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ |**4**|**Net movement in funds**|**2025**| |---|---|---| |||**£**| ||The net movement in funds is stated afer charging/(creditng):|| ||Depreciaton of owned tangible fxed assets|101| |**5**|**Trustees**|| ||None of the Trustees (or any persons connected with them) received any remuneraton or benefts from the|| ||Charity during the Period.|| |**6**|**Employees**|| ||The average monthly number of employees during the Period was:|| |||**2025**| |||**Number**| ||Total|-| ||There were no employees whose annual remuneraton was more than £60,000.|| ## **7 Other expenditure** ||**Unrestricted**| |---|---| ||**funds**| ||**2025**| |Bank charges|66| |Insurance|356| |Legal and Professional|19,947| |Financing costs|13,978| ||34,347| - 9 - ## **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ |**8**|**Gains and losses on investments**|| |---|---|---| |||**Unrestricted**| |||**funds**| |||**2025**| ||Gains/(losses) arising on:|**£**| ||Revaluaton of investments|23,463| ||Sale of investments|28,331| |||51,794| ## **9 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **10 Tangible fixed assets** |**Tangible fxed assets**|| |---|---| ||**Fixtures and**| ||**ftngs**| ||**£**| |**Cost**|| |Additons|549| |At 30 September 2025|549| |**Depreciaton and impairment**|| |Depreciaton charged in the Period|101| |At 30 September 2025|101| |**Carrying amount**|| |At 30 September 2025|448| - 10 - ## **THE WILMCOTE CHARITRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE PERIOD ENDED 30 SEPTEMBER 2025**_ ## **11 Fixed asset investments** ||**Unlisted**| |---|---| ||**investments**| ||**£**| |**Cost or valuaton**|| |At 14 May 2024|-| |Transferred in|1,260,364| |Valuaton changes|23,463| |Annual income less charges (reinvested)|16,738| |Transfers out|(72,000)| |Gains reinvested|28,331| |At 30 September 2025|1,256,896| |**Carrying amount**|| |At 30 September 2025|1,256,896| ## **12 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**|| |---|---| ||**2025**| ||**£**| |Accruals and deferred income|999| ## **13 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At**|**14**|**May**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 30**| |---|---|---|---|---|---|---|---|---| ||||**2024**|**resources**|**expended**||**losses**|**September**| |||||||||**2025**| ||||**£**|**£**|**£**|**£**|**£**|**£**| |General funds|||-|25,952|(74,765)|1,323,161|51,794|1,326,142| ## **14 Related party transactions** There were no disclosable related party transactions during the Period. - 11 -