**Registered Charity No : 213007 Registered Company No : 119509** ## **THE GIVEN-WILSON INSTITUTE** **(A company limited by guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **YEAR ENDED 31[ST] DECEMBER 2024** **THE GIVEN-WILSON INSTITUTE** |**Contents**|**Page**| |---|---| |Legal and Administrative Information|1| |Report of the Management Committee|2 - 4| |Independent Examiner’s Report|5 *| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes forming part of the Financial Statements|8 - 14| |Summary of Income and Expenditure Accounts|15 *| - These pages do not form part of the statutory financial statements. 1 **THE GIVEN-WILSON INSTITUTE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Management Committee Members**|A J Helliar (Resigned 5thJuly 2024)| |---|---| |**(Trustees and Directors)**|R Walmsley| ||N. Mohamed-Umer (Appointed 5thJuly 2024)| |**Registered/Principal Office**|Church Lodge| ||St Mary’s Road| ||Plaistow| ||London| ||E13 9AE| |**Registered Office**|44/54 Orsett Road| ||Grays| ||Essex| ||RM17 5ED| |**Company Registration Number**|119509 (England and Wales)| |**Charity Registration Number**|213007| |**Accountants**|Rowland Hall| ||Chartered Certified Accountants| ||44/54 Orsett Road| ||Grays| ||Essex| ||RM17 5ED| |**Bankers**|Barclays Bank Plc| ||29 Station Road| ||Upminster| ||Essex| ||RM14 2ST| |**Investment Managers**|J M Finn & Co| ||4 Coleman Street| ||London| ||EC2R 5TA| |**Solicitors**|Palmers Solicitors| ||Ascension Chambers| ||Fleming Road| ||Chafford Hundred| ||Grays| ||Essex| ||RM16 6HH| 2 ## **THE GIVEN-WILSON INSTITUTE** ## **REPORT OF THE MANAGEMENT COMMITTEE YEAR ENDED 31[ST] DECEMBER 2024** The Committee present their statutory report with the accounts of The Given-Wilson Institute for the year ended 31[st] December 2024. This report includes the directors report as required under Company Law. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016). ## **OBJECTS AND ACTIVITIES** To provide a central institute with the object of improving the conditions of life of and providing or assisting in the provision of facilities for recreation and other leisure time occupation for the inhabitants of Plaistow or for persons who have need of such facilities by reason of their youth, old age, infirmity or disablement, poverty or social economic circumstances. The relief of poverty in general and in particular to assist persons who by reason of old age, infirmity, domestic distress or other disability are in need without limitation thereof to provide holidays for such persons who are unable to afford the cost. To provide a place of meeting for any clubs or societies (other than political) in Plaistow. The continual maintenance and development of the property known as The Church Lodge owned by the Institute. The trustees are currently reviewing the Charities’ objectives with a view to potentially clarifying the geographical scope subject to further dialogue with legal advisors and the Charities Commission. ## **PROGRESS DURING THE YEAR** The trustees and charity volunteers have remained active during the period and have maintained a programme of ongoing repairs to the charity’s freehold properties. The properties date from the 18[th] Century and therefore require constant maintenance as demonstrated by the costs incurred during the year and previous periods. Young people’s activities have continued where possible during the year. Regular use of the hall has been sustained during the year due to continued use by religious and sports groups, but other groups continued to be supported with free access to facilities as set out further below in the report. From time to time the Institute provides financial support for St Mary’s Church, Plaistow. However, the church is not well supported and the number of elderly people using the Institute’s facilities is also declining. The Institute continues to support the local community by financially supporting social functions for the elderly residents where possible. Income from lodge rental increased in the year due to improved rental terms. ## **PUBLIC BENEFIT** The charity was founded to give financial support and to supply facilities to help with the poor of Plaistow. The charity provides facilities, at no charge, to Rainbows, Brownies, Guides, Cubs, Scouts and Rangers. Financial support is also given to them. The Charity makes ad-hoc donations to local charities at the discretion of the trustees after consideration of the Charities wider objectives. The trustees have given regard to the Charity Commission’s guidance to public benefit. No charitable donations were made during this period. ## **FINANCIAL REPORT FOR THE YEAR** A summary of the results for the year is given on page 6 of the accounts. The Committee considers the state of affairs to be satisfactory. 3 ## **THE GIVEN-WILSON INSTITUTE** ## **REPORT OF THE MANAGEMENT COMMITTEE YEAR ENDED 31[ST] DECEMBER 2024** ## **THE CHARITY’S ASSETS** There were no acquisitions or disposals of fixed assets during the year. Details are recorded in the notes to the accounts. ## **INVESTMENTS** The charity has a portfolio of investments with a market value at 31[st] December 2024 of £881,006 (2023 - £824,352). During the year the charity used investment managers J M Finn & Co, 4 Coleman Street, London EC2R 5TA, who operate within specific guidelines that are set out and regularly reviewed by the trustees. The investment objectives are to maximise total return through a diversified portfolio whilst providing the required level of income advised by the trustees from time to time within acceptable levels of risk. The value of investments improved during the period due to a general improved trend amongst equity investments and re-investment of dividend and interest returns during the period. ## **RESERVES POLICY** Reserves at the year-end totalled £949,690 (2023 - £882,852). On an ongoing basis and excluding restricted funds, the trustees aim to raise sufficient income to cover the resources expended. Voluntary income is minimal and never adequate to cover annual running costs and therefore the trustees maintain an investment portfolio to generate investment income to make up the shortfall. A designated investment fund has been set aside to represent this portfolio. A fixed asset fund has also been designated to represent the extent to which funds have been invested in fixed assets. It is the trustees’ intention to maintain general funds representing at least two years’ normal expenditure. ## **RISK REVIEW** The most significant risk to the Charity is ensuring that there are adequate plans for continuity of Trusteeship, especially given the ageing of current and previous Trustees. The Charity is pleased to report that an additional Trustee, Miss Nadiya Mohamed-Umer was appointed to the Charity on the 5[th] July 2024 following extensive dialogue with the then Trustees. Miss Mohamed-Umer was known personally by existing trustees and is of a suitable character with a background that is sensitive to the needs of stakeholders of the Charity. Miss Mohamed-Umer has been fully briefed as to her responsibilities as Trustee and Director of the Charity. Her appointment has allowed Mr John Helliar to resign his position after many years of service to the Charity. There are ongoing efforts to find additional suitable Trustees for the Charity who can carry forward the Charity’s good work for the next generation. The Committee has conducted its own review of the major risks to which the charity is exposed. Internal financial risks are minimised by the vesting of all financial controls, (covering the authorisation of all payments and commitments made by the charity), to the two Trustees only. These controls are not considered to be unduly complex in keeping with the relatively basic financial structure of the charity. Of greater risk to the Charity are the commercial risks associated with the use of the Charity’s premises by outside parties as either paying or non-paying occupants. Whilst the charity has sufficient insurance policies in place to mitigate the financial risk of any inappropriate misuse of facilities or behaviour by stakeholders, robust controls and procedures are required to further mitigate such risk. The Trustees are currently implementing new and improved procedures covering areas such as Health and Safety, Codes of Conduct for facilities users and volunteers, Equality Diversity and Inclusion Policies as well as other areas, so as to modernise the Charity’s risk mitigation framework. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The company was incorporated under number 119509 and is a registered charity by number 213007. The charity’s principal address for activity is Church Lodge, St Mary’s Road, Plaistow, London E13 9AE. The financial control is in the hands of the trustees all of whom take their responsibilities very seriously, and the daily running of events is largely in the hands of Trustees and a small team of volunteer workers. The trustees held numerous trustees’ meetings during the year and the individual trustees frequently visited the Institute premises and met the various groups who use the hall. ## **THE MANAGEMENT COMMITTEE** The Management Committee members constitute directors of the charity for the purposes of the Companies Act 2006 and trustees of the charity for the purposes of charity legislation. 4 ## **THE GIVEN-WILSON INSTITUTE** A third of the Management Committee members must retire at the Annual General Meeting but may be reappointed. The following members were in office at 31[st] December 2024 and served throughout the year: ## **MANAGEMENT COMMITTEE MEMBERS** A J Helliar (Chairman) resigned 5[th] July 2024 R Walmsley (Treasurer) N Mohamed-Umer (Chairperson) appointed 5[th] July 2024 No Management Committee member received any remuneration or expenses for services as a member of the Management Committee (2023 - £Nil). No Management Committee member had any beneficial interest in any contract with the charity during the year. ## **SOLICITORS** The charity’s solicitors are Palmers Solicitors, Ascension Chambers, Fleming Road, Chafford Hundred, Grays, Essex, RM16 6HH. ## **BANKERS** The charity banks with Barclays Bank Plc, 29 Station Road, Upminster, Essex RM14 2ST. ## **ACCOUNTANTS** The accountants are Rowland Hall, Chartered Certified Accountants, 44/54 Orsett Road, Grays, Essex RM17 5ED. The company has taken advantage of the small companies’ exemption in preparing the report above. Signed on behalf of the Management Committee ## **Miss N Mohamed-Umer** Approved by the board on 23[rd] February 2025 5 ## **THE GIVEN-WILSON INSTITUTE** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE GIVEN-WILSON INSTITUTE** I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] December 2024 which are set out on pages 6 to 15. ## **RESPONSIBILITIES AND BASIS OF REPORT** As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **INDEPENDENT EXAMINER’S STATEMENT** 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 company as required by section 386 of the 2006 Act; or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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. Dean Flood (FCCA), Independent Examiner Rowland Hall 44/54 Orsett Road Grays Essex RM17 5ED 24[th] February 2025 6 ## **THE GIVEN-WILSON INSTITUTE** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31[ST] DECEMBER 2024** |**Notes**
**INCOME AND ENDOWMENTS**
Incoming from donations and legacies
Charitable activities:
Holiday fund contribution
Other trading activities:
Rent of lodge
Hall hire
2
Investments Dividends and Interest
3
**TOTAL INCOME AND ENDOWMENTS**
**EXPENDITURE**
Expenditure on raising funds:
Investment management costs
Expenditure on charitable activities
4
**TOTAL EXPENDITURE**
Net income/(expenditure) before
investment gains/(losses)
Net gains on investments
**NET INCOME/(EXPENDITURE)**
Transfers between funds
16
**NET MOVEMENT IN FUNDS FOR THE YEAR**
**RECONCILIATION OF FUNDS**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Designated**
**Fund**
**£**
-
-
-
-
-
————
-
————
-
-
————
-
————
-
38,079
————
38,079
16,404
————
54,483
859,128
————
**913,611**
════|**Unrestricted**|**Unrestricted**|**Unrestricted**|**Total**
**Unrestricted**
**Funds**
**2024**
**£**
-
-
19,612
11,017
25,149
————
55,778
————
5,597
21,422
————
27,019
————
28,759
38,079
————
66,838

-
————
66,838
882,852
————
**949,690**
════|**_Total_**
**_Unrestricted_**|**_Total_**
**_Unrestricted_**|**_Total_**| |---|---|---|---|---|---|---|---|---| |||—
—
—
—
—
—
—
═|**General**|||**_Funds_**
**_2023_**
**_£_**
_-_
_-_
_18,281_
_9,640_
_22,791_
————
_50,712_
————
_5,162_
_102,290_
————
_107,452_
————
_(56,740)_
_37,360_
————
_(19,380)_
_-_
————
_(19,380)_
_902,232_
————
**_882,852_**
════|**_Funds_**|| ||||**Fund**
**£**
-
-
19,612
11,017
25,149
———
55,778
———
5,597
21,422
———
27,019
———
28,759
-
———
28,759
(16,404)
———
12,355
23,724
———
**36,079**
═══|**Fund**||||**_2023_**| The Statement of Financial Activities includes gains and losses recognised in the year. All income and expenditure derive from continuing activities. 7 ## **THE GIVEN-WILSON INSTITUTE** ## **BALANCE SHEET** ## **AS AT 31[ST] DECEMBER 2024** |**FIXED ASSETS**
Tangible Assets
Investments
**CURRENT ASSETS**
Debtors
Cash at Bank and in Hand
**CREDITORS**– amounts falling due
within one year
Accruals
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**REPRESENTED BY –**
**FUNDS AND RESERVES**
Unrestricted Funds
Designated Funds
Fixed Asset Fund
Investment Fund
General Fund|Notes
£
11
12
13
758
14
37,831
————
38,589
15
2,510
————
16|2024
£
_£_
32,605
881,006
————
913,611
_434_
_23,646_
————
_26,777_
_3,053_
————
36,079
————
**949,690**
════
32,605
881,006
————
913,611
36,079
————
**949,690**
════|_2023_
_£_
_34,776_
_824,352_
————
_859,128_
_23,724_
————
**_882,852_**
════
_34,776_
_824,352_
————
_859,128_
_23,724_
————
**_882,852_**
════| |---|---|---|---| For the year ending 31[st] December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## Directors’ responsibilities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to the small companies’ regime and in accordance with FRS 102 SORP. Approved and authorised for issue by the Committee of Management on 23[rd] February 2025 and signed on its behalf by ## **Miss N Mohamed-Umer** **Registered Company No : 119509** 8 **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** ## 1. **ACCOUNTING POLICIES** - a. **Basis of Accounting** The Given-Wilson Institute is a charitable company limited by guarantee in the United Kingdom. The charity’s registered office is disclosed on page 1 of the financial statements. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 2019 preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011. The financial statements are prepared in Sterling which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. There are no significant areas of adjustment and key assumptions that affect items in the financial statements. - b. **Income** Dividends and interest, including taxation deducted at source thereon, are credited to the statement of financial activities in the year to which they relate. All other income is credited when it is received. Rental income from the lodge is stated net of management fees levied at 12.5% + VAT. - c. **Resources** - Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. - Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of maintaining the premises for fundraising purpose. They also include costs incurred in the management of the charity’s portfolio of investments. - Charitable Activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity. - All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. per capita or estimated usage as set out in Note 5. 9 ## **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** ## 1. **ACCOUNTING POLICIES (continued)** - d. **Tangible Fixed Assets** Significant fixed assets are capitalised and stated at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold Buildings 2% on cost Land No depreciation has been provided Furniture 10% on written down value ## e. **Investments** Investments are included on the Balance Sheet at fair value (their market value) at the end of the financial period. Gains and losses are credited, or debited, to the statement of financial activities in the year in which they arise. ## f. **Fund Accounting** The general fund comprises those monies which may be used towards meeting the charitable objectives of the Institute at the discretion of the Management Committee. The designated funds are those funds earmarked by the Management Committee for specific purposes although the Management Committee may ultimately use such funds for other purposes. Both the general fund and designated funds are unrestricted. There are no restricted funds in either the current or previous year. ## g. **Cash Flow** The charitable company qualifies as a small company and advantage has been taken of the exemption provided by the SORP (FRS102) as amended by Bulletin 1 not to prepare a cash flow statement. ## h. **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. - i. **Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. |2.|**HALL HIRE**|2024|_2023_| |---|---|---|---| |||£|_£_| ||Plaistow Church of Christ|3,240|_4,090_| ||Parking Spaces|3,300|_3,250_| ||Karate Club|3,327|_2,300_| ||Other Hall Hire|1,150|-| |||———|———| |||11,017|_9,640_| |||═══|═══| 10 ## **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** ## 3. **INVESTMENT INCOME** |||| |---|---|---| |**INVESTMENT INCOME**|2024|_2023_| ||£|_£_| |Equities|24,639|_22,319_| |Interest on cash funds|510|472| ||———|———| ||25,149|_22,791_| ||═══|═══| |4.
**EXPENDITURE ON CHARITABLE ACTIVITIES**
Donations and Grants Paid
Holidays and Outings
Social Dinners
Depreciation
Governance Costs
Supports Costs|Notes
2024
_2023_
£
_£_
6
-
75,000
7
-
_-_
-
_600_
2,171
_2,206_
5
3,677
_3,864_
5
15,574
_20,620_
———
———
21,422
_102,290_
═══
═══|_2023_| |---|---|---| ## 5. **ANALYSIS OF GOVERNANCE AND SUPPORT COSTS** The charity initially identifies the cost of its support functions. It then identifies those costs which relate to the governance function. Refer to the table below for the basis of apportionment and the analysis of support and governance costs. |Salaries
Light, Heat and Rates
Buildings Insurance
Repairs and Maintenance
Accountancy Fees
Legal and Professional
Sundry Expenses|General
Governance
Support
Function
Total
£
£
£
-
-
-
8,381
-
8,381
2,273
-
2,273
4,920
-
4,920
-
3,677
3,677
-
-
-
-
-
———
———
———
15,574
3,677
19,251
═══
═══
═══|Basis of
Apportionment
Staff Time
Usage
Usage
Usage
Governance
Usage
Usage| |---|---|---| 11 ## **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** |6.|**DONATIONS AND GRANTS PAID**|2024|_2023_| |---|---|---|---| |||£|_£_| ||Guides, Scouts and Brownies|-|_5,000_| ||First Steps|-|25,000| ||British Legion|-|45,000| |||———|———| |||-|75,000| |||═══|═══| |7.|**HOLIDAYS AND OUTINGS**|2024|_2023_| |||£|_£_| ||Holidays|-|_-_| |||———|———| |||-|_-_| |||═══|═══| |8.|**NET INCOMING RESOURCES FOR THE YEAR**|2024|_2023_| |||£|_£_| ||This is stated after charging:||| ||Depreciation|2,171|_2,206_| ||Accountants Remuneration|3,677|_3,864_| |||═══|═══| |9.|**STAFF COSTS AND NUMBERS**|2024|_2023_| |||£|_£_| ||Staff costs during the year were as follows:||| ||Wages and Salaries|-|_-_| |||═══|═══| |||2024|_2023_| |||Number|_Number_| ||The average number of part-time employees, analysed by function was:||| ||Support|3|_3_| |||═|═| No employee received emoluments of more than £60,000. No member of the Management Committee received any remuneration or expenses in respect of their services as a member of the Management Committee during the year (2023 - £Nil). ## 10. **TAXATION** The Given-Wilson Institute is a registered charity and therefore is not liable to corporation tax on income derived from its charitable activities as it falls within the various exemptions available to registered charities. Although bank interest is received gross by the company, its dividend income is subject to tax credits deducted at source and such income tax can no longer be recovered by the company. As such, the tax suffered is treated in the statement of financial activities as a cost of generating funds. 12 ## **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** |11.**TANGIBLE FIXED ASSETS**
**COST**
At 1stJanuary 2024
Additions
At 31stDecember 2024
**DEPRECIATION**
At 1stJanuary 2024
Charge for year
At 31stDecember 2024
**NET BOOK VALUES**
At 31stDecember 2024
_At 31st December 2023_|Freehold
Furniture
Land and
and
Buildings
Fittings
Total
£
£
£
108,099
26,242
134,341
-
-
-
————
————
————
108,099
26,242
134,341
————
————
————
76,415
23,150
99,565
1,862
309
2,171
————
————
————
78,277
23,459
101,736
————
————
————
29,822
2,783
32,605
════
════
════
_31,684_
_3,092_
_34,776_
════
════
════| |---|---| All the assets were used for charitable purposes. Any use for management and administrative purposes is insignificant and has been ignored. The freehold land and buildings were last valued by an independent professional valuer, McDowalls Surveyors Limited, in March 2018. At that time they valued the property at £1,045,000, on an open market value in current use basis. ## 12. **INVESTMENTS** |**INVESTMENTS**||| |---|---|---| ||2024|_2023_| ||£|_£_| |Market Value at 1stJanuary 2024|803,913|_762,951_| |Additions|75,399|_44,928_| |Disposals at Book Value (Proceeds £49,512, Gain £10,786)|(49,512)|_(39,993)_| |Net Investment Gains|38,079|_36,027_| ||————|————| |Market Value at 31stDecember 2024|867,879|_803,913_| |Cash held by Investment Managers for Re-investment|13,127|_20,439_| ||————|————| ||881,006|_824,352_| ||════|════| |Listed investments held at 31stDecember 2024 comprised the following:||| |Equities|867,879|_803,913_| |Global Fixed Interest|13,127|_20,439_| ||————|————| ||881,006|_824,352_| ||════|════| All investments were held within the United Kingdom. 13 ## **THE GIVEN-WILSON INSTITUTE** **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** ## On Excel – do not type 14 ## **THE GIVEN-WILSON INSTITUTE** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** |13.**DEBTORS**
Accrued Investment Income

14.**CASH AT BANK**
Barclays Bank Plc
Current Account
Business Tracker Account

Cash in Hand


15.**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals

16.**DESIGNATED FUNDS**
Realised
Realised
At
Profit on
Profit on
1/1/24
Disposals
Revaluation
£
£
£
Investment Fund
824,352
10,786
27,293
Fixed Asset Fund
34,776
-
-
————
————
————

859,128
10,786
27,293
════
════
════
|2024
£
758
════

2024
£
37,769
37
————

37,806
25
————

37,831
════

2024
£
2,510
════

Transfers
£
18,575
(2,171)
————

16,404
════
|_2023_
_£_
_434_
════
_2023_
_£_
_26,281_
_37_
————
_26,318_
_25_
————
_26,343_
════
_2023_
_£_
_3,053_
════
At
31/12/24
£
881,006
32,605
————
913,611
════| |---|---|---| ## Investment Fund This fund is maintained at a level that represents stocks, shares and monies required to generate income during the year. Fixed Asset Fund This represents the net book value of tangible fixed assets. ## 17. **ANALYSIS OF NET ASSETS BETWEEN FUNDS** ||General|Designated|Restricted|Total| |---|---|---|---|---| ||Funds|Funds|Funds|2024| ||£|£|£|£| |Tangible Assets|-|32,605|-|32,605| |Investments|-|881,006|-|881,006| |Current Assets|38,589|-|-|38,589| |Creditors: amounts falling due within one year|(2,510)|-|-|(2,510)| ||————|————|————|————| ||36,079|913,611|-|949,690| ||════|════|════|════| ## 18. **GUARANTEES** The Institute is a company limited by guarantee and therefore does not have a share capital. In the event of it being wound up, the maximum liability of each member is £1. 15 ## **THE GIVEN-WILSON INSTITUTE** ## **SUMMARY OF INCOME AND EXPENDITURE ACCOUNTS** ## **FOR THE SEVEN YEARS ENDED 31[ST] DECEMBER 2024** ||2024|2023|2022|2021|2020|2019|2018| |---|---|---|---|---|---|---|---| ||£|£|£|£|£|£|£| |**INCOME**|||||||| |Voluntary Income|||||||| |Donations|-|-|-|-|-|-|-| |Hall Hire|11,017|9,640|9,205|11,013|5,610|4,496|6,445| |Rent from Lodge|19,612|18,281|13,986|18,484|16,295|22,019|17,670| |Holiday Fund|-|-|-|-|-|-|3,200| ||———|———|———|———|———|———|———| ||30,629|27,921|23,191|29,497|21,905|26,515|27,315| |Investment Income|||||||| |Dividends and Interest|25,149|22,791|21,502|19,332|16,816|21,515|21,520| |Bank Interest|-|-|-|-|-|9|29| ||———|———|———|———|———|———|———| |**Total Income**|55,778|50,712|44,693|48,829|38,721|48,039|48,864| ||———|———|———|———|———|———|———| |**EXPENDITURE**|||||||| |Salaries and Wages|-|-|270|5,400|2,450|4,740|3,660| |Telephone|-|-|-|-|-|-|-| |Accountancy|3,677|3,864|2,424|2,316|2,268|2,256|2,220| |General Expenses|-|114|108|102|102|494|390| |Insurance|2,273|2,265|2,027|1,940|1,987|1,895|2,216| |Lighting, Heating and Rates|8,381|4,019|1,073|1,393|1,767|2,213|2,349| |Repairs and Maintenance|4,920|13,074|34,277|5,961|24,783|2,095|4,726| |Depreciation|2,171|2,206|2,244|2,286|2,333|2,386|2,444| |Legal and Professional|-|1,148|-|-|-|-|840| |Stockbroker Fees|5,597|5,162|6,560|6,119|5,812|5,667|4,674| |Holidays and Outings|-|-|-|-|-|500|6,307| |Other Grants and Donations|-|75,000|1,000|10,000|1,500|1,558|2,700| |Christmas/ Lunch Club|-|600|-|-|-|600|830| ||———|———|———|———|———|———|———| |**Total Expenditure**|27,018|107,452|49,983|35,517|43,002|24,404|33,356| ||———|———|———|———|———|———|———| |**Surplus/(Deficit)**on Ordinary|||||||| |Activities for the year|28,759|(56,740)|(5,290)|13,312|(4,281)|23,635|15,508| |**Surplus/(Deficit)**on Market Value|||||||| |Of Investments|38,079|37,360|(84,976)|97,598|11,977|103,412|(61,392)| ||———|———|———|———|———|———|———| |**Final Surplus/(Deficit)**|||||||| |**For the Year**|**66,838**|**(19,380)**|**(90,266)**|**110,910**|**7,696**|**127,047**|**(45,884)**| ||═══|═══|═══|═══|═══|═══|═══| |**NET ASSETS/**|||||||| |**TOTAL FUNDS**|**949,690**|**882,852**|**902,232**|**992,498**|**881,588**|**873,892**|**746,845**| ||═══|═══|═══|═══|═══|═══|═══| This page does not form part of the statutory financial statements.