ChJi'ily regisii'a¢ion Jiuinber.. 202188 The Charity of William Williams Annual Repurt ¥nd Financial Statements for th¢ Y¢ar F.ndcd 31 Decenibcr 2024
The Charity of William Williams Colltents (eoutinued) Referenee and AdrnitSi51Tative Details TTilSle¢b' Report 2tt>4 SlalenJent of Tmstees, RespoNsibilitlC5 Independcnt Auditor5, Report Oiolo Stat¢tnent of financial Aclivilies I to 12 Balance Sheet sh Flow Statement 14 Notes to tlie l itiancial Sialemenls 151030
The Charity of Williydm WilliAms Referene¢ and AdminlstrAtive Details Trustees Mr R Cowley Mr5 C Sharp Mrs11 J l.accy Mr R Prid¢aux.BruThe Mr G Ro%c Mi. J D l-hrift Mr H White Mi. A Ilolling%hcad Mi. Colin Stevell5 ChArlty Registi'4titsn Nuniber 202188 Prlmcipal Offi¢e Staffoi'd Hoiise 10 Pi'incc ot Wales ttoid Doirh¢stei' Dois¢L DTI IPW Solicitors Battens Mansi(TrJi House 54-58 Princes Street Yeovil SomcrBet BA20 IEP Bankers Natwcsi Flank Ple 49 South Sireei Dorthester Dorset D'II IDW Page I
The Charity of Miilliam Williams Trustees, Report Th¢ Ii'uste¢s prcscnt thc anniial rel1* tog¢iher with the findnci415tal¢m¢nts of ihe chai'ity foi. Ihe year ¢nd¢d 3 1 Decemb¢i' 2024. Th¢ Charity nanie The legal and npcraling hame of the chai'ity is.. 'I'h¢ L'harity ofwilliaim Williajns. The Charity'5 juris(liellon UK tharitable registratioll Thc chai'ity is Irgisier¢d iii Lnglaiid and Wttle3 Wltli the Charity Coiiimissiott in Englaiid an(1 Wales ICCEW) with Charity number 202188. Oblettlv¢$ and aetiYitie5 Objecls The object ol. the Ch8Tily is to apply income r¢ceived lo JElieve eiih¢i' ¥¢tL¢i'allyy oi. individually, peiBons resident in the area of beiiefit Ihcing Ilie ancient pari%h¢5 Ot. Blaiidfoyd, Shatlexbury and Siurminsler NeM¢onl who are in condilions of nced, haydship oi. di8lrcss. In addition. to 8$5181 persiiiis in or ¢lll¢ring any trade oi. pIDfession. Thi% 18 a¢hi¢vtd by making gi'aiits of money or PToviding or paying li)r items, sei'Yic¢s VT facilities calLulated to help su¢h pei'qi)ns. This is achievcd by inviiing applicutions fix>m individiialg or oi'ganisations within the aita of benefit it) i'elalion to the spebifi¢ iyquiremcnls as falling wryihiii thc Charity'8 .%laied obj¢¢iii'e%. Thcl'e have been no changes to this policy during th¢ year. Although there is no sel critCl'iA. the Trust¢es' aim is to dividc thc dispDsoble inc(kme equally beliyeen edts¢aiion dnd relief of thos¢ iii the¢d. A rnajoi'ity of edu¢a¢ion grant5 al'c made to peopl¢ tmburkiiig on higher education or Ireognised Iixining sGh¢in¢s. In a(Idition, grants ar¢ made to local educational institutions in 5UPPOJt of specifi¢ projects. ibllc bÉnefil The Chai'ity provides grant5 to membeT5 of the public and insiitulions with in the defined area of benefil in suppoi'l ofii obj¢¢ls. The trugtco% ¢ottfimi that Ihcy have complied i¥ith the requiremenls tsf section 4 of the Chai'ities ALt 2011 to have due reggrd to the publi¢ benefit guidance publi5h¢d by the Charity, Comi#i$sion fi)r F.ngland and Wales. As part of their commitineni to piiblic benefjl the ti'usie¢b are 5¢ekillg lo invest in resideniial piDperty. The policy 1% for thc pi'operty to be sp¢¢ilically offeird to local faiiiilie5. See luture expeiiditure note below. Acliievemeiils And performgn¢e During the year, Ihe iiumb¢r of grants made to individua15 incirased with a lolal of 9512023 - 88) grants bei118 made.The average of each ¥rdnt I4V5 £ 680 (2023 - £ 6121. bcing an increa.8c of I l. I lQ/o. Budget A¢tual Relief of those in need 200,000 200,000 400,000 525,004 Inote 7) 123.369 (note 71 648,373 Education Included it) th¢ above arr 10 graNts made lo Iiistitution5 totalling £460,43112023- £35.715)- scc note 7. Plcase note, l ot the 8iTrn¢s foi. Instilulions is a ¢ommitled granl from 2023, whityh is a tutal of £ 400,000. Pug¢ 2
The Charity of William Williams Truslees, Report (continued) Financial revlew The Chaiily deiives most ofits income fvom its PrOlty iniiestm¢nt portfolio. ThcT¢ wa5 a 90/0 increase its rental this year. Analy515 of Rcntal Income i$ as folloivs.. Commercial PrLlP¢rt1¢5- 62% Rclatl PropertieE- 28 / R¢5idcntial Pri)periies- lOQh Th¢ pi'iiicipl¢ risk io olli. incom¢ relat¢s to thc r¢tail sector. due to eontinucd pre&suir ot) th¢ high 51reei shops as a re%ull nt tlie moves lo on-line shoppijig and reduced footfall as a r¢suli in the cliange of ivorking patterns ivith mor¢ peoplc ivni'kiiig tiy)m home. The Truslees considei. Ihe financial position at the ycar end to be sat15factory. I'he charity has a strong balance sheet ivith SUJ1¢t liqusd ass¢ls to meet ils liabilities for the foreseeablc fiiture. Pollcji opi VÉJÈrvÉs Tlie unr&%lticied TeseTVCS Smount ta £9.1 Im (2023 £9.71ml, as sel oul in iiote 17 of Ihe financial s1atements. H0I4'eveJ', aft¢r 14king into account Ilie Charity's lon8 ieiM invcstment% and d&signated fijnds, Ihe fr¢¢ r¢s¢rves amounted lo £229,029 (2023 £1.191,8961. Also, two propetiies air in the pro¢¢s% of bcin8 801d, coiiiplelion cxpected in March 2025.Tliis is expected lo Beiiei'ale fui'ihey fr¢¢ irserves of £287,000. The Trustees belia'c it PTudent to pi'ovide for 12 monih8' cxpendilurt re5etves each yeaT. The lotal eslimat¢d expditure io be prtsvidvd fL)r 15 £404.000. This meaJ)s that Ive have excess r¢SVeS of £112,02912023 £796,8961. Sce plans for luluTe periods below foi. how the ¥xcess luiids will be spent. Loiig lerni iiiveslniéiilproperlles 'rhese are maiiilaincd foi. Ih¢ii' income generaiivn aiid capital appreciation. The inv¢stm¢nt properti¢s Iveir valucd in l)eceMibcr 2024. DesigiiftledptoperlJP repftirfiiiid This is monies put aside in ordcr lo specifically cover Jnajor T¢pair8 lo the propeity portfolio, a large proportio of which c()nsists ot listcd pyoperlics. 'I'h&%c are more exi?¢nsiv¢ lo repdti and Ih¢r¢foiE ihe Twsie¢s are sctting aside fvnds towards any future costs atising fiom thcse pri)p¢iti¢s. Cwsh resen¥ Thcsc cuiyently in ¢xces5 of thc 8ix month5 dii'cct chariiable ¢xp¢nditure ihal the Tiwst¢es considei. prudent ¢0 niaintaiji in case ofioss of ith¢om¢ fiDm thc property poitfolio. Sec below for plans for future cxpenditure. Golng eollter Th¢ Chority derives the majoi'ity of lis incomc from thc letting of commercial and resid¢nlidl properties. A number of leases weT¢ diie to ¢xpire in 2024, and these hawe sirhce been r¢vieiYed atld irncwed by the trustees. The Charity continues to hav¢ a very stix)ng bolancc sheet and, at the date of appiDval of these finan¢ial statemeiils, it has net curi'enl assels in excess of £1 m ivhich the tru.8tces believc will bc sufficient foT tlie Cliai'ity 10 c()ntinue its current activilies al l¢a5t th¢ next tivelv¥ mot]ths. Pau?e 3
The ChArity of William Williams Trustees, Report (con¢inu¢d) Striicturei goverThance mAnAgerncn liiie ofgoveyiiiiig rf#rMiixiil Th¢ Chai'ity is ali uniiiLorporaled Charity ivhi¢h is goveined by ) Charity Commission Scheme dated Deceniber 1968, as amended in June 19()3. '1'hc Charity was origitsally foiindcd in 1621 by the Will of Mi.. Williarn Williams, a iiicrchant fvom Blandford. The Chai'ity dL)es not aclively fundrliise aiid 5e¢ks to continue Ihe philanthmpic work d¢8ired by th¢ (lonor through car¢fiil Stewardship of its exisling resaiircE5. RecrHlliMetsil apporiilpieiil éJllrHsiees The Board ufTI'ustees cuniptrises of three nominative Truslec% who ay¢ appointed for a pei'iod of fouy years. One ¢&ch is appointed by Illandford Foiiim 1't>wn C.oimcil. Shaftesbury Town Council atjd Stkirniinsl¢Y Nemrton Towi C.nuncil. Scvcn further 'co-opted" Twstecs al'e appuiiiied for a fixed ierm ur rive year.s. All "co-opted" Trustets are cligible f()r re-aptK)inlmeni Al the end of Iheit term. The appoititrnent ot copItd fruslccs i5 by Re501ulian of Ihc BoaTd passed at a 5peLial meeting. In the evenl of A'co-opted" Trustee relirin¥> the Boaixl ivill Set up a sub-committee lo asccitain the requiiEd skill mix needed to iEplac¢ the retii'iiig TTUStee and enhance the rema%ni118 Tru%tees kniTrwlcdge base. New Trustees may be sought by open advertisetneftts i)I' by'frustc&% ippri)aching likely ¢andidate5 within Ihe aiEa. a 5hortlisi is dixwn up and Ihcir ai)pointmertt 1% madc by the fvll Board. The Trustee5 tn¢ei regularly, at leasl four times a year, to discuss grant applications, moniioi. iiivesltnenl income and aSSVLiaied pix)ptrty repoii's, rcqeives and risk imonagemcnt. The day to day adininislvdtion ofihe vlanls and genei'al affair.% are dclegaltd to Symonds & Sampson LLP. JmportAnt adjusting events aft¢r tht finhneiAI ptrlod AtI¢T the year end, the tru8te¢s fonMally ogrccd IEI January 2025 to waiv¢ the oulstandLll8 moigage loan of £36,¢XIO owcd by Blandford Opportunity Group. The ii)lenlioii lo ivaivt this loan 113d bceii under active dis¢u88ion since September 2024, prior lo the balanc¢ sheei dale of 31 D¢¢cimber 2024. In accordonce ivtth FR8 102 SectiOE1 32. this is Ireal¢d gs an adjusting event after Ilie rei)orting period. As a Tc%ult, the charity has re¢ogni5ed the N?iver of thc £36,000 loan in the financial statemcnts fov the year ended 31 D¢¢embei' 2024. Dlsclosur¢ of InformtIo to Audilor E£ch trustee has laken bieps Ihal the), ou8ht lu have taken as a trDstcc in ordcr to niake thnselveS aware of any i'elevunl audit infoi'matiott and to cstablish that thc cliaiity's auditor is awaTe of Ihal inforiiialion. Tlie Iruste¢s confJrD] that there 15 no Yclevant information that they knoiv of and of ivliilh they know the auditiTrr is unawaiE. The annual report was approved by thc tiwstees of the charity on nd simned on ils b¢lialf by.. Mr R Cowley Cliainnan aiid truste Page 4
The ChArity of William Williams StAtement of Trustees, Responsibilities The Iru51e¢s .¢ r¢spvnsibl¢ fur pi'¢paring Ihe Irusiees, rtpuri and ¢h¢ findn¢ial slementS in aVi.aLe wilh (he Uthit¢d Kingdom AccouiitinL> Slat)dds (United Kiii8dtsm Geneixlly AcLepted A¢£Uting Pi'dCtiLel aiid applicable law and re¥iilations. Th¢ law 8pplicabl¢ to charities requiJEs the Iru51ees to prepare financial slalenients for v4ch financial year which give a true and fair i'ieii, of the slate ol- atTair5 of Ihe charity and of the iiicomiiig i'esources and appliLalion of resoiirccs of th¢ charity tor that period. In prcparing these flnancial statements. the trustees are Irqiiired to.. select SLEilable accoUntig TK>licies and ihen apply th cunsistently., l)seive the methods and principlc5 in thc Chuiitics SORP. make judgements and e51imate5 Ihal aTe T¢asonable aiid prudent. stste lIether applicablc accouiitiiig 5tandaids liai'e beeji followed. subject to ony material depaiture5 disclosed and explained in ihe financial 51at¢ni¢tJt5; and prepar¢ thc fjnancial s¢alcm¢nts on the going ctsnceill bgsÉs unless Kt js Lnappropriate to pre5umc tliat the charity will continue in busin¢s5. The tru.%lee% are i.es1)onsible for kccping propci. accounting rccords that disc105C Wlth rcasonablc accuracy at any tinie the fin#ii¢ial position nf the charity aiid enable Ihem t() en8uie that th¢ finatltial .81oiementq coinply wilh the Chui'ilies Act 2011, th¢ Charities IAceotin*s' and Repojtsl RegulalioDs 2008, and Ihe pix)visions of the ¢a1151ilutiun. The li'uslees are also resJx>nsible for safeguardin8 11)e assels ol. Ihe charity and lience for taking r¢asonablc steps ff>v ihc prcvcntion and detection of fraud and other irir8iilaritiCS. The slee5 'e respunsible for the maintenance and tntegrity of the corporale and fjnancial &nfoi'mation included on the chai'itable company's weTri4ite. l.egislatioii govei'ning the Pl'eparatioii aiid dT55eniinatioii of rinancsal statcmcnts may differ from Icgi514lion LE] other jurisdictions. Approvcd hy tlie trustees of the charity on l %].... .].1 l and si8ned on its behalf by.. 07 Mr R Coi¥l¢y Chairnian aod truste¢ Pag¢ 5
The Charity of William Williamt* Independent Auditor's Report to the Members of The Charity ofwilliam Williams Opillion We have audtted the flnancial 5tateiiient5 of the Lh41'ity of William William51'ih¢ ¢harity'l foi. th¢ year ¢rtd¢d 31 Dccembcr 2024, whi¢h coniprise nf the qiatemellt af Financial Acisiiities. Balancc Shcct, Cash Floiv Slat¢inent, Nv1¢5 tt) the findntyial siateni¢nls, in¢ludinR snIfIcant accounting policies. The fjnajicial iyporiing ITall)ei¥oi-k Ihal lias beeli dpplied in Ilieii. pieparation is applicable law aiid Uniled Kiiigdom ALfl)Ut]tins Staiidards, including FRS 102 The l-.inancial Repoiting Slandai'd applicablc in thc IIK and Rcpublic of Ireland {lJnit¢d Kingdom Gcnci'all), Acccpted Accounting Practice). In (Trur opinion Ihe financial 5tatemenls'. gi'vc G tiiie and fair vicw of thc statc of (he charity's affairs a5 at 3 1 D¢cembei' 2024 and of its incoming resources alld applicaliun ofresuui'¢es, in¢ludiDg i¢S ineoitte aiid expenditure, ti)i' Il)e year tlieii ended., havc bccn propci'l), prepaird in ac¢ordan¢e ivith United Kingdom Generally A¢¢epled Accounting Pi?¢tiee; and have bccii pirpared in aCCOTdane¢ with th¢ r¢quiwm¢nts of lh¢ c.harities Act 2011. Basi5 for oplnlo W¢ c(Iiiducted our audit in accordance iviih Interational Standard% on Auditiiig IIIK) IISA5 IIIKI) and applicabl¢ laiv, Our resnsIbIlitieS under thosc st8ndards fuilhcr dcscribcd in thc Auditor's re5ponsibilitie5 for thc audi( of the financial stateineiils s¢LiiUn vf uui repuri. Il'e ay¢ ind¢pend¢nl ot Ilie charthiy in acLord8nce wilh the eththcal Irquii'em¢nts thal arE relevant to OUT audil of the finai)cial slalemenls tn Ilie UK, inLluding ilie I-.RC's fr.thi¢al liaiidard, and ive liave fulfilled our olhtr cthical rcsponsibililie% in accordance ii'ith tlie8e requircmcnls. We b¢li¢vc that th¢ audit evidence have obtained is suifjcient and appropriatc to providc o basis for ovi. opinioii Coiiclusions r¢lating to going ¢on¢¢rn In auditing the fing0¢ial statements., ive have LonLluded ihai ihe liustee'5 Use of the going concun basis of acLout)lirtg iii Ilie preparation of the financial stateiiien15 is appropriate. Based on the ii'oi'k wc huvc pcrfoi'mcd, Ive have not identified any Tnaterial un¢crtainti¢8 r¢laling to event8 1)r conditions that, individually or ¢olleLtivelJ, may cast sigthifi¢ant doubt on the entity's ability lo continue as a goiiig conL¢rn for & p¢riod ofai least 12 monlhs fix)m ivhen the tindncial sldlemenls aiE auihoj'ised for issue. Our r¢5ponsibiliiies dttd tl)v rcsponsibilities of the trusttts ivith respect lo going coiicern are described iii the Irl¢vant sections of ihis Ipot1 Page 6
The Charity of William Willian Illdepelldent Auditor's Report to the Members of The Charity of William WAlliams (coiitinu¢d} Other Anformfillo Tlic other information c(>mpriscs thc infoiinatinn sncluded in thc annual r¢poil, Including thc Iru5tccs' rcport, other than Ihc financial statetnenls and oiir auditor's report Iheiron. The Irustccs ai'¢ i'c5ponsible for the othcr itJfoi'mJlivi) cvnlai1i¢d within the annual i'ewi'l. Our opinion oji the fittancial statements does not cover t]ie other itJfoi'malioD and, except to Ihe e.¥tent othei'ivise explicilly sldled irt i)iii- rei)()rl, M'e du tu)t expre5S dlly furm ol. a%suTan¢¢ conclwqion thereDn. Our responsibility 15 lo read the otlier infoi'niatloll aiid, in doiNg 50, considei. wheihei. Ihe other iiiformalioii is nJateYially it]con515lent ivith the finuncial staternenls or oui. knowledge obtained in the COUT5¢ of the audit, oi. oihcrwi%c ai)pear.% to be mat¢rially mi&81alcd. If Ki'e idmiiify su¢h material 1ncoiisisll¢lcs or )pparcnt maieriul mis5t&ienients, Iv¢ aT¢ required lo deieimine whether this gives I'i%e to o maiei'ial mi%Matemeni in (he financial slat¢m¢nts themselves. If, based on (he Kry)rk we hai'e perfoymed, we conclude tli&t there is a molei'ial misslalement ol'ihis uiher informalion, we are required lo report Ihal fact. We hayc nothing to repoil in this regard. att¢rs wbl¢h we Are requlred to repoi* by exceptlo In the light of our knowledge and undei%tanding of the charity and ils environment obtained in Ihe course of lh¢ Mudil, we h%iJe not identilied matei'ial misstatements in the Trustees. RepLlit. We haiie nnihiiig to IEPOrt in rcspcct of thc folloMing mattci's wlieie the ChaTlties IAccounts and Report} Regulations 2008 requires us to reportto you if. in our opinion.. •tlie infoi'mation given in tlie tru5te¢5' r¢pTrrt is incon515tent in any matei'ial respect with the fjnancial stat¢inent5' or 4suftiLienl accouiilijig ircords have not been kept; OT •the finaiicial stalcmcnts air iiot in agTe¢ment 74ryth tlie accouiiting reci)I'd%: or 'Ive have nul T¢L¢ived all the ijifoimation and explanations ive require fov oui. audil Responsibilities of tl'U5tees As explained more fully in the tnistees. respon5ibilitie5 statement {set out on page 51-. the trustees are responsible for ihe preparation of tlie financial stalementy and foi. beiiig satisfied tlial Iliey give a ti'ue and fair vieiv, and foi. such Intelal cDnli'ol as th¢ tru5tccs determine is nec¢s5ary to enable the PlEpaiation of financial statements tliat are free from maici'ial mis8tatcmenl, i¥ht¢hti. due ti) fiaud OT crror In preparing ihe financial statement5, the trustees are re5ponsihle for a5se55ing the chai'ity's ability to contiiiu¢ as going conccrii, di%clo%ingJ 4ppliGabl¢, matters I'¢lated to going conc¢m and using thc going cgn¢¢Yn lia.sis of accounting unless tht trustee% either intend to liquidate the chai'ity or io ctast npeYatiot)8, nr have M IE&listic alierllalive but to do so. Pag¢ 7
The Charity of William William5 Independent Auditor's Repor¢ to the Members of The Charity of Williani Williams (eontinued) Auditor Respon5ibilhlie5 for ihe audit of tlic financial 5tat¢m¢tyts We lizve bccn appDinted a8 auditor undei. scclion 144 Charitie% Act 201 l and report in a¢¢tsTdanct imth the Act and relevant regulations madc or having cffcct theirund¢r. Our objectives are lo obiain r¢asonable assurante about ivhether the financial slalemenls as a whole are free fI1n iiiat¢Tial ini%Elalemertl, whether duc lo fraiid or ciror, and ID issue ali auditor'5 report that includcf QUT opinion. Reasi)nablc èssurancc is a high level of as%urance, but is not a guarantcc that an audÉt conduct¢d in aCLordance with ISAS IUKI Ivill alway5 delect a niatei'ial Tni55tat¢ltt¢J)i Ththen it exisls. Mi.88t3temeiils can ai'ise f1M fiaud oi. crror and ure coiisidered material if, iiidividually nr in the SLggie8ate, Ih¢y could i'easollably bc ¢xpecl¢d to influenL¥ lh¢ econt)mi¢ de¢isions of users taken on the baSS L)f ihe5e fjnallcial statemenls. Irregularities, ith¢luding fraud, are instanccs of non-compliancc wth laivs and regulalioiis. We design pro¢edures in line 1th oiir responsibilities, outlined above, lo detect material misslatem¢ntb' ith r¢sp¢ty¢ uf iiregiiloi'ilies, including fraud. The exceiil to ivhich oui. proL¢duirs al'e capable of deteclirt8 ilY8larIIieS, iii¢luding fraud is d¢tail¢d below.. Our approach lo identifying 8nd assessing the risks of materigl mi55tatemcnt in respect of in¢¥ulai'iii¢s, in¢luding fyaud and non-compliance with laws and regulations, was as follows.. Page 8
The Charity of William Williams Independent Auditor's Report to the Members of The Charity of William Williams (contiiiued) the engagement dircctor ensured that Ihe ¢iigag¢tn¢nt team wlleLiiv¢ly had Ihe appropriate competence, capabililies, aiid skills lo i(lenlify ur reConise non-Lompli&ttce ivith dppliLdble laws and regulations., w¢ identified tli¢ law% 8iid rcgulalion8 applicable to the chai'ity through discussions iiryth trustees and other managem¢nl, and fY()m aur knowlcdgc and experience of tlie chaTity sector. w¢ focLL8ed on specific laws and iegulations ivhich w¢ con5ideiYd may have a direct niaterial effect on the rinattLial slalcmenls or the opcrations of the charity* inrluding chai'ity T¢gulalions and health and %8fety Icgi81ation', • Ive assessed the extent of Lompliance wilh the laws aiid TegulatlOn5 identified above through making enquiries of JnaTiagemenl and inspccting Icgal coii'espondcnce. and identified laws and regulation5 were Lvmmithi¢al¢d wiihin the &udii i¢am Ye&vlarly gnd rhe team remained alei'l tu ijistances of nun-Loiillplidn¢e thiY)ughuul Ihe audit. We assessed the 5U5ceptibility nf the chai'ily's financial slatcments to matcrial misstatement, includin8 obtaining en undei'5tahding of IK)w frAud might occur, by.. makin8 enquiries of managetnenl to ivhere they ¢onsideTed theit was susceplibilily lo fraud, their knowledge of acllial, siispecl¢d, and alleg¢d fi?ud' eonsidcring thc intei'nal Controls in pla¢e to mitigate risks of fraud and non-compliajjce wilh law5 and Irgulaiion5; #nd To addT¢55 the i'isk oFfraud through man&g¢Jnent bia5 gnd override of contiDI8 I.. pcrfomed analytical proccdure5 to identify any unusual or unexpected relationships. tested jUUTnal entries to identity utjusual ii'an5aclions', investig&l¢d Ihe r4tionale behind signifjcant or unusual tiHnsaclions,' and Irt irsponse to the i'isk of iiyegularities aiid tn.¥0Mplin¢e willi laws and regulations, we desi8ned proceduiEs vhi¢h included, bul were not limitEd io.. * a8rc¢ing fin4ncial statcmctht di8clo%ures to underlying supporting documentation. Ira(ling tlie minul¢s of meelin8s of those chai¥e(I with gov¢riiance', enquiring of management as to actual ahd potential litigation and ¢laims' Pag¢ 9
The Cbarity of William William5 Independent Auditor'5 Report to the Members of The Charity of William Williams {contlDued) Tli¢r¢ are iiihereiit limilatioThs in oiir audit proLeduirs described above. Tlie more renioved ihai laws regulalions arc finI f5naiicial Ii'ansaclioiis, Ihc Icss likcly it is Iliat we wDuld beconie aTrYair of iiDn-cDmplianec. Auditing.%tundaids also limit the audit i?rDcedure5 rcquired to idcntify iionrfoinpliancc with la and rcgulations 10 enquiiy uf the ii'usi¢¢s and vih¢r muiia¥¢mtNt and th¢ inbP¢Ltion of i¢giuldloi)' dnd legal Lorrespoiidence. if any. Matei'ial misstatcmciils that arisc duc to fiYLKi can bc harder to detect than those tliat arise from eri'or a8 they may involve deliberate concealmet]t or colliision. A further d¢%cription nf o&ir r¢5PQll5ibililies for the audit of the financial 51aletn¢nls 15 located oti the Financial Rtpttiting Council's weix8lte at.. Iwwv.frc.org.uklauditorsiespnn%ihilitlC8. This descj'iption forins part of our auditor's rq)ort. Use of ollr report Thi5 ieport is Inade sol¢ly to the ¢haTity trust¢es, as a body, in accoi'daiice with se¢¢ion 144 of lh¢ Charilies Act 2011 and rcgkilalions madc iitsder section 154 of that Act. Our audit ivork has been iindertaken %0 thai ive tnighl state to thc trustccs thosc mattcrs ivc arc Irquired to statc to trustees iii an auditors. Irport and for n(1 othry. purw)se. To the fulle51 extent pertnil(ed L7>, law. we do not accept oi. assume iEsponsibility to anyone other than Ihe charily and ils Irusl¢e5 as a bodyy for our audil woi'k, for thi5 repoil, or for the upiniun5 we have foiTred. Edwards and Keeping Limited, Slatutoiy Auditor lJnity Lhambei¥ 34 High Ea%t 8treet Dorchestei. Dorset I)'I'I I HA Date.. Ed9rd3 and Keeping Limited is eligible for dppoinlment ds audi¢or of the eharity by virtue of ils eligibility for Èppointmcnt as audiloi. of a company under section 1212 of Ihe Companies Act 2006. Page 10
The ChAYity of William Williams Statemenl of Financial Activilies for the Year Ended 31 December 2024 Unr¢5tr1¢t funds DesIg#te GenerAI Restrlot¢d funds TDtg1 2024 Note Iiioomt Endowments froni: Donati0tt8 ahd legaLies Investment incom Other income 5,360 5.360 574,730 3.940 574,730 3,940 Tolal ItsLoJne 578,670 5,360 5¥4.030 Expettdllure on: Raising lunds Ch?ritahle activities other expenditure 126,4771 1400,0001 181,2941 1328,1901 4431 1107,7711 1731,8901 1443) 13,500} To¢81 Ex'pcnditill Gain511osse5 investni¢iit asse15 1426,4771 1410,1271 13,500} 1840,104) 1342.2161 1342,216) Net lexpertdiiur¢yinLLim¢ Cirn&% transf¢i¥ b¢twecn fvnds 1426,4771 209,951 1173,6731 1209,9511 1,86tJ 1598.2901 Net tllovemenl in funds 1216.5261 1383,6241 1,860 1598.2901 Retoncillation of Total funds brou8hi foi'ivard Total fllnd5 caiTLcd fonvard 874.845 .835,092 21,810 9,731,747 17 658,3 19 ,451,468 23,670 9,133,457 The nules un IS Iv 30 furm uii iniegiBI part ofihese finaD¢ig1 siatemeiils. Pagell
The Charity of William Williams Statemelll of Finaneial Activitles for the Year Ended 31 December 2024 (eon¢inued) Unr¢$trie¢¢d Restricted funds Total 21123 DeslgthAted GenerAI Note Endowments from: Donalions Ind leBa¢ies IVlMlt income Oiher income 5,000 5,000 538,975 19,000 538,975 19,000 Total Tnc4)me 557,975 5,000 562,975 Expenditui'e on: Raising funds Charilable activitie5 Othci. cxpciidilure Total Expenditure liailil0sStS on inVlMent assets 1111,384) 1268,4391 {.769) 1125,5011 1268,9391 (3691 15001 1380,192) 1500) 1394,8091 (6,0091 (6.0091 Net l¢xpendilureyincome Gross traDsfei's bettveeji fvt)ds 171,774 {449.12T) 4,51 162,157 449.127 Net tnoyement in funds 435.010 {277,353) 4,500 162,157 RetontilÉAtlon of funds I'otal l?IDught foTivaTd 439,¥J5 9,112,445 17,310 9,569,590 Total fvnds cai'ried fonvard 17 874.845 8,835,092 21,81Q 9,731,747 All of tlie ¢haiity's aclivitic% dcrive from ltInuing ope¥ations duriiig the aLK>ve two periods. The funds br¢gkdown foi. 2024 is sho1 in nol¢ 17. The nolcs on pages 15 to 30 foym aji Inte21 parl ot these finaiicial statemails. Pagc 12
The Charity of William Williams (Registyation number: 202188) Balaiice Sheet as at 31 Decenibey 2024 2024 2023 Not¢ Ixed Hssels Inveslm¢iiis 8,222.439 8,043,196 Cllrrent a58ets Debtvrs Ihsrcslmeiits Cash al bank and in hand 34,397 767,672 201,818 1,066,226 506,170 230,040 14 1,003,887 1,¥02,436 Creditors: Amounts falllng due ivlthin oiie year 16 192,8691 Net rurr¢nt asstts 911,018 1,688,551 Net i$stts 9,133,457 9.73 1,747 Fund5 of th¢ ¢h4rlty'. Restricted iThcome funds R¢rIcted funds 23,670 21,810 Uiire5trioted income funds Unreslricted fuiids Rei'alualion ir5¢1V¢ 6,719,¢X>6 2,390,7R I 6,976.532 2,733.405 Total unrestricted fut)(Is 9,109,787 9,709,937 Tot41 9.133,457 9,731.747 The fin¥t I staremenls ot) pages I I 10 30 were apprvvrd by tlie ii'uslees, and duihorised foi. i55ue on nd signed L)n iheii. belialf by.. Mr R Cowlcy Chairman and iru5te¢ The no1¢5 un pages 15 10 30 torm ali irkle8121 parl ofihe3e fiThaJicial 5tal¢ni¢nts. Pagt 13
The Charity of William Williams Cash Flow Sta¢emellt for the Year Ended 31 December 2024 2024 21123 Trlote C98h flows from opeY#ting xetivilic5 Nel cash {expendiltsreyin?tne 1255,6661 168.166 AdjustmeIS to ¢ash flows llon-cash Items Investment income 1574,7301 {538,975) 11130,3961 1370.8091 Worklng t*pltal #djustiJxeiJt5 Decregscllincrcascl in dcbtors 11)tcira5ellincrea5e in ci'editOL'S IDe¢iTaseyin¢rease in defthTed ineon)e 13 16 I,U3I,829 118,4651 2,551 11.017,7441 32,595 3,760 Net Cash tli)ws tiDTn operating activit1¢5 180,417 11,352,198) C45h flows frorn inve5tiDg activitles Inlercsl reccivable aiid %imilar income Puirha8e of ini'eslmenrs Sal¢ ot inv¢5tmetJ18 Income fiom dii'idendg 574,432 {1,255,5651 472,196 298 538,586 {12,9571 4,953 389 Net casli floivs froin investing aclivilies 208,6391 530,971 Nct deLTed5¢ in cash and cash equvalentS 128.2221 230,04 1821,2271 C&%li &nd Cash equivalcnt% at l January Cash and cash equivalenls at 31 December 1,051,267 201,818 230,040 ReconciliRtion of net ogsh flow to movemtnt lrt nei funds Decr¢a5¢ iii ¢asli (28.2221 (821.2271 Net funds at l Jalliiaiy 2024 230,040 1,051,267 Net funds at 311)ecembei' 2024 201,11111 230,040 All of the cash fl()ivg atc deriiped from continuing opci?lion5 during the above t¥vo pei'iods. The notes on pagc8 15 to 30 fom an intcgr41 part of these financial.%lalcnients. Page 14
The Charity of William Willixffls Notes to th¢ Financial StAtements for the Ycar Ended 31 Dec¢mber 2024 l Aceountlng policies General infomAtlon And bfisis of accounllng Tlie charity is ali uiiin¢orpoi'ated cliarity. Tlie principal accoujitiiig poliLies applied in the preparation of the finaiicial %latemenls are %¢t out below. These policies have been con515tently applsed 10 all thc year5 prcscnted, unless oiheiwisc stated. Thc fjnancial statcments have been pi'cparcd under lh¢ hisioric cost eonventiun, 4$ modilied Liy the revaliiation of certain fjxed a55¢ts. They have been prepaTed in aLcordance with 'Accoulltiiig aiid RcpoTling hy Chjriiie8 ISORPI, appliLable to chai'ilies prepai'ing Iheir 4lLLoiinls in accordancc with th¢ Financial Rcporling 8tand&ixl applicable in Ihc IIK aiid Rcpublic of Iieland 11.-RS1021 effective from l Jajjuary 2019 ChJi'ilies SORP IFRS 102).- the financial Rcporting qtartdard applicable the UK and Republic of Ireland IFRS 1021 and the Charili¢s Act 2011. The Lharity coD51itute5 a puhlic entity a% d¢fiiied FIl8102. A8SCt5 and liabilities are initially irvvgwnised al historical cost or trnrtsa¢tion valuc uThle55 Othenwse st8ted in the relevant acLvuDiing policy note. The Trustees coThsidei' there are rto malerial uncertaintie5 about the Chariiy's ability to ¢ontiniie as a going Inco¢ retoznilion All illcom¢ is I'eLugTrnised a¥ a5 the Chai'ity has entitlement to (he income. it SS PToIMble that the incomc will bE J'ec¢ived and the amount of ij)¢onic receivablc cali k Msur¢d reliably. iivcslment incotne is recognised on a r¢c¢ivdbl¢ basis and is shoilryi wos5 of income tax recoveitd and recovei?bl¢, Other income is account¢d lor on ihc basis of anioiint5 1'¢c¢ivabl¢ foi. the yegr. EKp¢ndAture All expenditure is reeognised as soon as there 15 a legal or co$t1.uC(ive 061i8ation committing the Chayity to that expenditui'e, it is probable ihal %¢tllemenl will be required and th¢ aniount of thc obligatinn can bc mea5Ultd reliably. All expendifUTe is accounted for on the d¢¢tual basis, inclusive of irrecoverable VAT. Raishng fuiids These are costs aT¢ iii¢urrcd in attracting voluntary income. thc managemenl of investments aE]d those incurird in ti'ading actii'iti¢s that ri)ise funds. Chai'iiable ¥clivities . Chai'ildble expenditure coinpri5¢S thDSe eosls incurred hy the c.harity in dclivcry of its aLtivities and 5eTvices for its beiicficiaries. (i iiiclude% both costs that can b¢ allo¢atcd directly 51) buch activities and those ctb%ls of an indirect nature lleccssai'y to suppoit thcm. Pagc 15
The Charity of Willl#m Williams Notes to the Fillalleial St#tements for the Year Ended 31 December 2024 (c¢)Dtinued) Invtstmetht$ Fixed Ass¢t inv¢stm¢nt5 aTC included al faiT value at the balance sheet date. Realse gains and losses on inve5tinenls are calculaied as the difference bett¥¢et) sales proceeds and their market value at Ihc siarl ul. the yeai., OL. Ilieir subsequenl costs, and ar¢ Lhai¥ed or crediled to the st3t¢meni of finuncial activtties in Ihc PCTiod of di%posal. Unredlised gairts and Ios5¢5 represent the movement in the markct value durtng th¢ year and air creditcd oi. chai'gcd io thc slalemeiil of financial aclivites based i)n the maTk¢l i'alue at Ilie end ot'the year. Adju5tiiig events After the flts#ntlil periud Aller Ihe year end, Ihe lYusl¢es forinttlly agreed in January 2023 to waive the outstanding mortgage loan of £36.OOQ oTrYcd b), Blandford Opi)()tlunity Group. -l-lie iiileiition to ivaive Iliis loaii had been under aciiv¢ discu55ion 5incc Scptcrnbei. 2024. prioi. lo Ihc l)alance Sheet datc of 31 Deceinbcr 2024. In accordance iyiih FRS 102 .8eclion 32, (liis is Irealed as #n adjusting event after the repoJtii)g period. As a result. thc charity h&s I)glS¢d tli¢ waiv¢i' of the £36,000 loan its the financial stal¢menls foi. Ihe ye&i' ended 31 DeL¢mbeT 2024. Debtors Trade d¢btors Are remgnised at the settlenient amount aficr any ti'ade di.qcounts offered and any appropriate allowaiices foi. iyrecoverable #mounts. Prepayments 8ie valueLI at the amount paid in adVate for good.g and services provided lo Ihe Charity Creditors TiTrde credii(Irs ar¢ stated ai Ihe oi'iginal iovuiL¢d atnounl. Dcferred iiic4)mc repr&s¢nts revenu¢ rcceived or invoiced in advance of the serviccs IEndeiEd. tieveiiue is JELognized in accordgn¢¢ Ivith the 51agc of completion of the 5cfvLces &t the rcporling date. Wh¢ii the pEI'loi'niaiice obligaliun is satisfied, revenue is recogiii£ed. A¢¢ruals L'epTe%cnt cApcnses incurrcd but iiot ycl paid or invoiced as of the repurtiiig date. ExpeleS recognized H'h¢n ihe good5 Ol. 5erviccs are IEceived or Uliliztd, r¢glIlesS of thc liming of the i)ayincnt. Fund accounting polieles Ut]rcstricted inconie funds ar¢ general fuiids that are availabl¢ foi. use at th¢ trustees discirlioji tn the tiirth¢Tance of the objec(ives of the Charily. D¢%ignated funds are unirsti'icted fund5 set a5id¢ at ihe discirtion ofihe iwsiees lor specific purpose5. Reslrieted income funds are those donated foy us¢ in a particular aira or for specifjc pupos¢s, the of which 15 restricted to Ihat area or puiyos¢. Furthtr details of cach fund aiE dis¢losed in notc 17. Page 16
The Charity of Willixm Williams Notes to the Financial Statemenls for the Year Ended 31 December 2U24 {continued) Taxation 'Fhe C.'haTily of William Williarn8 is a regi%iered charity and accx>rdiNgly is exempi from taxation it's irt¢ome Trvherc they are applied for charitable purposes. The ehJrily is registered foi. VAT and is therefoie able to r¢cov¢r VAT on certain cxpeiiditure. Inv¢$tment properlie5 Invo%lmeht plperty is eari'ied #t fair value, derived from the curreni niarket pi'iees provided by speLi*list orgaiii8ations. Progrfimme i'eliled Invtstmenf5 I>IDgTomme rclalcd invesirnenis Are made exclusively to luriher ih¢ charity's aim5 by funding $peLifie aelivitie5. Conce5sivnary l(ians are either initially nieasured at the amount rcc¢iv¢d and paid and thcn adjusted in siib5¢queNt year% to retlcct rcpayincnts, interest and any impaiim)ent. Current asset investment5 Cui'r¢nt investmen15 are included at the loMEr of c05t and nct i¢&li$ahle value I market value. CA8h eash equivalents Ca8lJ and cash ¢quiYalenls compi'i5e cash (In hand und call deposits, and otlier short-lemi highly liquid inv¢slmen15 that art Ir&dily convcrtibl¢ tts a kni>wn amoiinl of ca8h atid are subje¢t to an insignificdnl rsbk of change iii value. Page 17
The Charity of WilliAm Williams Notes to tbe Financial Statements for the Year Ellded 31 December 2024 (colltinued) 2 1COme from donatlorts legAcie5 Re5traeted fuiids Total lunds Donations and legaci¢s; Doiiations fr(Im individuals 5,360 5,360 Total for 2024 5,360 5,360 TotAI for 2023 5,OUO 5,OQO J Investment lll¢ome Unr¢$tricttd nds GeiierAI Tot*1 2024 TrFtAI 2023 Income from dividends; Dividends ¢¢Vab[C fyom other listed inve%tmemts InteiEs1 receivabl¢ and sirnilai. LiILume', Iiilei'est receivable nn hank dcposTts Inleirst receiv#ble on other loans In¢om¢ fron) rents 298 298 389 27,738 1,685 545.01i6 27,738 1,688 545.006 31,187 6,750 500,649 574k,730 574,730 538.975 Page 18
The Charity of William Williams Noles to the Financial Statemenls for Ihe Year Ended 31 December 2024 {contlDued) 4 Expenrliture ralslll% lunds a} lthvtstment manag¢mtnt eosts Ullre5tricttd funds Designated GenerRI Tot1 2024 Oiliei. inve51nient nianagcmenÈ cost%', PIDpcity insur&n¢e costs Oth¢r propei'ly cost5 PIDpcrty' repails. renewals and maintciiance Property managem¢nt Commission, legal fees etc 7,373 3,533 7,373 3.533 26.477 26,477 70.388 70,388 26,477 81,294 107,771 Ilnre5trict¢d fllnds DesigKated GenerAI Total 2023 Othcr inveslii)en¢ Miat)agement cost%', Bad debts writt¢n off Prui)¢rty iJisui2iice cost5 ()thcr propcjty costs PIDperl)' repaii's, renewals dnd maintenance Propcrty. nianag¢mctJt coinmission, legal fees etc 30,708 10.439 1,939 30,708 10.439 1.939 14,117 6¥,298 68,298 111,384 125,505 5 ExpcNditure on ¢h&riable Aetlvltles UiireslTlCt¢d funds Designattd General R¢5ttltted ruttds Totsl Relief for those in need- 8Yallts to individuals Relief lor those in nccd- gTanl% to Institutions Edu¢alion- 8rants to individuals l.()an waived Goi'eriiance c05ts 64,573 64,573 400,000 60,431 460,431 119,8C)9 36,000 47,517 3.500 123,369 36,000 47,517 TotAI for 1024 400,0110 328,390 3.500 731,890 Page 19
The Charity of William Williams Notes to the Finaneial Statement5 for the Year Ended 31 December 2024 {eontinued) Unrestrltted funds Designate C¢ncral Restricted funds TotRI funds Total foT 202J-18ee aDaly.8i8 below) 268.439 500 268,939 Unrestricted Restricted funds Total 2023 GeiierAI Relief Enr those in need- granls lo individua15 Relief for those in nccd- grant% to institution5 Educalion- gi'dljts tts iii(lividuals Allocatcd support costs GoverJwiLe costs 53,884 35.715 17.9.13 202 60,705 53,884 35,715 18,433 202 60,705 soo 268,439 500 268,939 Governathee ¢ost5 2024 2023 Trustees expenses Sundry and other costs Adveriising and promoliun Accountanc}' and bookkeeping Auditor%' IlI1Vt)eI.atlots 228 165 245 90 526 496 21.146 4,389 24,342 15,020 20.U33 CleJ*s at)d adminisiration fees 20,406 Trustee8 in8vrance 576 558 47,516 60,704 Page 20
The Charity of William Williams Notes to the Financial Statements for lh¢ Year Ended 31 December 2024 {contlDued) 6 Other exPellUre Unrestrleted Total funds C¢n¢ril Bank charge5 443 443 I'otal for 2024 443 443 To11 for 2023 369 369 7 Crant-maldng AnA]ysls of gr4nt$ GraDts to lustltlltlons 21124 2023 Grants to Individuals 2024 2023 Anxlysls Relief of those in need Educatioii 460.431 35,715 64,573 123.369 53,88di 118,433 460.431 35,715 187,942 172,317 Th¢ siipport Costs a&sociAted with pjant-making al'e £Nil131 December 2023 £Nill. Pagc21
The Charity of William Williams Notes to Ihe FinaneiRI Slalements for the Year Ended 31 December 2024 (contlnued) Beloiv are delails of material 8ranls niad¢ lo it)s(itutions. 2024 2023 Nxme of insliliitlo Activity Blandlord Food Bank Rclicf of those in n¢¢d mi.scellaneous- Iittder £1,000 ¢ach Relief ot those in need Shaftesbuiy Car link Relief of those its nctd Stutminsler Horn¢ Siait N Dorset Relief of Ih05e in need Blandford Forum - Cnrn I'.%chunge Relief of those iii nccd Shaftesbury- The Bj'ave & Deleilited Relief of ihose in need Blandford Yoiiih Club Rclicf af those iii nced S¢ui'mii)stei' High Scliool Reli¢luf ihose in t)ced Sh]rminster- T)C. William% Barncs Sch RLlicf of Ilia%e in need 1,975 7,451 2,000 2,715 3,U 400,000 7,51XI 15,000 15,000 39,750 1,755 46U.431 35,715 Page 22
The Charity of William Williams Notes to the Financial StAtements for the Year Ended 31 December 2024 (continued) 8 Trustee5 r¢mlllleratioii expenses DuritJ8 the year the charity m&de thc folloiving ti?nsaclions wthth Iru5tees'. Mr H Whlte £45 12023.. £321 of expcnse8 reimbursed to Mr H White dursnbT Ihe year. Thc aboiie expeiidiluir look plaLe tsji 17 April 2024 3iid relates to mile&8c foT a meeting. Mrs C Sharp 8012023.. £Nill of expenses were reimburs¢d to Mrs C Sharp during the yeaT. Tl)e abuve expendituir took placc on 15 1.ebruary 2024 gnd ivas a taxi ti'ip to Dorchesier dnd back to Blandford for a property ViSjt. No truste¢5, nor any persons Lonnected with them, havc re¢cived ally remuneration flvm Éhe chariiy durin8 the yedr. No ITUStees have receiiied any oiheT benefits from the chayity during tlie year. 9 Staff costs Thc aggregate payrvll costs were a5 11)IIow5'. 2024 2023 St#ff costs during th¢ y¢#r were: Other stoff cos15 20,406 20.033 Staff cost8 arc the f¢es ¢hai'ged by Symond5 and Sampsun who provide the Stc.&118hiP futL¢lion. No employce reccived emolument5 ufmore thali £60,000 diiring tli¢ ye#r 10 Auditors, r¢muneration 2024 2023 Audst ofilie fillanLial slal¢tnents 15,020 othcr fees to audhtors All otl)er non-audil services 12.3711 15,948 Page 23
The Charity of William Williams Noles to the Financial Statements for the Year Ellded 31 December 2024 (eontinued) 11 Fixed a55et siivestnithts Investment properties Investment pi'opert1¢5 Cost or V*luatio Al l Januai'y 2024 Revaluation Additions 7,570,000 1342.6241 992.624 At 31 DeceinbcT 2024 8,220.000 Provi510I1 At 31 Dec¢tnber 2024 Nei book value Ai 31 DeLeii)ber 2024 8.220,0110 At 31 Dcccniber 2021 7,570,000 The inv¢bim¢nt poiifolio was valued at fair value in E)eccmbrr 2024 by S>'monds and Sampson LLP. Page 24
The Charity of William William5 Nofes to the FinanciAI Statements for the Year Ended 31 December 2024 (continued) Other thvestmeiits Llsled lllve5tm¢iit$ TotAI Cost or ValuatloD At l January 2024 Disposa15 At 3 1 Decembcr 2024 10,696 {10,6961 10.696 (10.6961 Net book value At 31 December 2024 At l January 2024 10,696 10,696 12 Social iveStmeNtS Programme relAted investm¢nls ProgrAmme Relate Inve5tmcuts T•tAI Cost At l January 2024 Additions Repayments Loan ivaived 462.500 1.439 {425,500} 1.16,000) 462.500 1,439 1425.500} 136,00a1 At 311)c¢ember 2024 2,439 2.439 Provisio At 31 December 2024 Net book value At 3 1 December 2024 2,439 2.439 At l January 2024 462,500 462,500 Page 25
The Charity of William Williams Notes to the Finallei#l Stalements for tb¢ Year Ended 31 December 2024 (continued) £425,UOO- Cedars Castle Hill- RepaymeJ]t of the loan wa5 made on 17ih Apj'il 2024. £36,000 Blandford Opporliinity Giy)iip -The loan 18 8ecured by way of a moilgagc ovcr frcchold property. Interest is LhJrb?ed at a fjxed Kale of i°/0 p.a. Dui'ing the year, Ihe charity waived a loan of £36,000 prryivubly made tu Bl&ndli)ixl l)ppurlunity CITOilI?. The amouni has been ivritten oty and IEmuved Irum pix)gratt)me relaied investment. £I,000- Shafiesbury sl.15 Club- The loan, is illteresl free and repayable over IhTee years. £1,4138.74- 1.oan (o Rhiain Price- I S¢ptembcT 2n23. A one off ty'pe of loan as agreed by Tixjstees. Rcpayinenl to commen¢e 14 September 2026. IJ Debtors 2024 21123 Ti¥d¢ debt(Irs Prepayments A¢¢i'ued income 833 55.770 1.010,456 26,209 7,355 34,397 1,06C),226 14 Current asset Investnients 2024 2023 Cash deposits 767.672 506,170 15 Cash And cash equlvAleiils 2024 2023 Cash al baiik Short.tei'rll deposits 147,947 5.1,871 100,404 129.636 201,818 230,040 Page 26
The Charity of William Williams Notes to Ihe Financial Statements for the Year Ended 31 De¢¢mber 2024 (continued) 16 Creditor5: amounts falling due wilhin one yeAr 2OZ4 2023 Ti?de ¢reditOTS VAT liahility Acei'uals Defeii'ed income 1.245 12,085 22,199 57,340 24.nOQ 4.974 25.02 59.¥91 92,869 1.1.885 P4ge 27
Tbe Charity of WÉlliam Wslliams Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 17 Fund$ Balanre 41 Balaiicc at I Incoming Kes(>urce Jan 2024 rcsourccs expended Transfer5 rccogniscd gains1110&¢5) Dcccinber 2024 Resfrieted fmnds Mr R Conncll l()rbiEI 10,310 5,360 13,0001 15001 13,5001 E2,670 11,000 23,670 M Owen 1,500 21,810 5,360 Gtn¢rl Revaliiation rtteive 2.7.1.1.405 2.733,405 Uni'estrietcd iii¢ome fijnds 6,101,687 578,670 1410,1271 1209.951) 1142,216} 5,718,063 8,835,092 578,670 1410,1271 1209,9511 1342,216} 11,451,468 DeslgnAte(I fullds Pix)peity repairs fund C.onimilttd artt8 184,845 690.000 126,4771 54,501 1400,0001 155,450 212,869 445.450 874.845 1426,4771 209,951 658.319 TotAI funds 9,731,747 5x4,030 1840.1041 1342,2161 9,133,457 Balance at I Inc(>ming Reso¢¢$ Jat] 202.3 i'e8nurce expended Other 'I'rahsf¢rs r¢eogni8ed 88insJllosse5) De¢¢mber 2023 Restrlet¢d Mi. R Connell Iorbisl M Owen 5,810 11,500 5,000 (5001 10,310 11,500 17,310 5.000 {5001 21,810 General Ind Revalmatson T¢servc 2,739.414 6.373.031 16.0091 2,733.4f)5 6,101,686 Unitslricted in¢ome nd 557,975 1380,1921 1449,127} 9,112.445 557,975 1380.1921 144Y,127} 16,0091 8,835,092 Designated funds Property IrJHir funds C'.ommittcd gInts 149,835 290,000 114,117} 49,127 400.000 184,845 690,000 Page 28
The Charity of WilliAm Williams Notes to the Finanei21 Statements for the Year Ended 31 December 2024 (continued) 439,835 (14,117) 449,127 874,845 Tot81 funds 9,569,590 562,975 {394,809) (6,009) 9,731,747 Restricted funds: Ibc donation fiY)m th¢ estate of the late Michael Owen 15 to be used for the educational need of Blandford iisidents only. The daiiatian from Mr Conrtell {Orbis) is to be used for the educational needs of Blattdford residents sludyillg away froin lioin¢. Committed gi?nts: 2024 2023 Sliaftesbllry Town Silver Band Sturminstcr Ncwton Youth Project 4 Blandford Corn Ex¢han8e Yewstock School 40,000 400,000 40,000 250,000 400,000 5,450 445,450 Mr Joe Rose is a Mem1. ofihe Sturmin.st¢r Town c.ouncil - Sturminster Newton Youth Club. 690,000 ** Mi. H White is a member of the Town Council (This membership ceased on 2nd May 20241 18 Analysts of iiet flssets between fuDd$ Total funds at 31 Decembor 2024 Uiirestricted funds Genei'al DesiRnAted Resti'leted funds Investment properties Progryamme related nVestments Currettt assets Creditoi¥ over l year 8,220,000 2,439 321,898 92,869 8,220.000 2,439 1.003,£87 92 8691 658J19 23,670 Total net &qsels 8,451468 658,319 23,670 9.133,457 TotAI funds at 31 De¢embtr 2023 Unrestricted fuDds General Dosignated Restricted funds Investsnent properties Fixed asset investments Programmc related investments Current assets CuiTent liabilities 7,570,000 10,696 462,500 905,781 {113,885) 7,570,000 10,696 461500 1,802,436 {11.3,885 874,845 21,810 Total nct asscts 8,835,092 874.845 21.81Q 9,731,747 Page 29
The Charity of WAlliam Williams Notes to tlie fiinaneial Statements for the Year Fnded 31 December 2024 (continued) 19 Related pai'ty tran8&ctions The were no i'elated party tiwisactions ill the year. 20 Non Adjusting ewethts #ftei. the financial period At the balance sheet date, tlvo properties were subject to ¢ontraet, widi completioii expected in Maiih 2025. These transactions are considered non-adjustit]g post-balance sheet events, and no adjustn]ents have been made in these fsn£tncial statements. 15 Morttebourg House- Sale #greed for £97,000 4 Sprihgfield Close- Sale agreed foi. £190,000 The proceeds from these sales will be reColiSed in the next fInancial year. Page 30