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2023-12-31-accounts

Trustees’ Annual Report for the period

From 1 January 2023 Period start date To 31 December 2023 Period end date

Charity name: Victor Mann Trust Fund

Charity registration number: 215476

Objectives and Activities

SORP
reference
Summary of the
purposes of the charity
as set out in its
governing document		 Para 1.17 For the promotion of the welfare and
comfort of the aged poor inhabitants
of the borough of Wallsend and for
the provision of housing
accommodation for the aged and poor
inhabitants of the said borough.
Summary of the main
activities in relation to
those purposes for the
public beneft, in
particular, the activities,
projects or services
identifed in the
accounts.		 Para 1.17
and 1.19		 The charity gives grants to individuals
who are sufering fnancial hardship
and to groups who provide activities
promoting health and wellbeing,
reducing social isolation.
Statement confrming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public beneft		 Para 1.18 The Trustees have had regard to the
Charity Commission guidance on
public beneft

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
Policy on grant making Para 1.38 To be eligible for grants applicants
must be age 60 and over.
Policy on social
investment including
program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP
reference
Summary of the main
achievements of the
charity, identifying the
diference the charity’s
work has made to the
circumstances of its
benefciaries and any
wider benefts to society
as a whole.		 Para 1.20 The grants given by the charity to
individuals have funded essential
housing repairs, equipment to assist
people living with a disability,
electrical equipment.
This support improves benefciaries
living environment, supporting
independent living and keeping
active.
Grants to groups enable participation
in various activities increasing health
and wellbeing.

Additional information (optional)

You may choose to include further statements where relevant about:

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

Financial Review

Review of the charity’s
fnancial position at the
end of the period		 Para 1.21 The charity continues to be in a good
fnancial position maintaining a
balanced investment portfolio,
providing grants from income and
maintaining cashdeposits.
Statement explaining the
policy for holding
reserves stating why
they are held		 Para 1.22 The charity have very little
expenditure so no need to hold
reserves. Grants are given from the
income from the investment portfolio.
Amountof reservesheld Para1.22 N/A
Reasons for holding zero
reserves		 Para 1.22 The charity has no employees or
overheads other than bank or
accounting charges.
Details of fund materially
indefcit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a
going concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds
(including any
fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the
principal risks facing the
charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s

trusts:
Type of governing
document
(trust deed, royal
charter)		 Para 1.25 Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Unincorporated charitable trust
Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or moretrustees		 Para 1.25 Trustees are appointed by the Elected
Mayor of North Tyneside Council to
include elected members (councillors)
and local residents

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s
organisational structure
and any wider network
with which the charity
works		 Para 1.51
Relationship with any
related parties		 Para 1.51
Other

Reference and Administrative details

Charityname Victor Mann Trust Fund
Other name the charity
uses
Registered charity
number		 215476
Charity’s principal
address		 North Tyneside Council
16 The Silverlink North
Newcastle Upon Tyne
NE27 0BY

Names of the charity trustees who manage the charity

1
2
3
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Ofce (if any) Dates acted if not
for whole year		 Name of person (or
body) entitled to
appoint trustee(if any)
Carl Johnson Appointed 11/7/24 to
date		 The Elected Mayor of
North Tyneside Council
Ian Grayson Vice Chair Appointed 11/7/24 to
date		 The Elected Mayor of
North Tyneside Council
James Barry
Montague		 Honorary
Secretary		 Appointed 21/6/2022
to date		 The Elected Mayor of
North Tyneside Council
Julie Elizabeth
Cruddas		 Appointed 21/6/2022
to date		 The Elected Mayor of
North Tyneside Council
Wendy Lott Chair Appointed 21/6/2022
to date		 The Elected Mayor of
North Tyneside Council
Nigel Huscroft Appointed 21/6/2022
to date		 The Elected Mayor of
North Tyneside Council
John Harrison Appointed 11/7/24 to
date		 The Elected Mayor of
North Tyneside Council
Louise Marshall Treasurer Appointed 11/7/24 to
date
Matthew B.
Thirlaway		 Vice Treasurer Appointed 11/7/24 to
date
Tracia Neira Appointed 11/7/24 to
date
Corporatetrustees– names of the directors at the datethereport was approved Corporatetrustees– names of the directors at the datethereport was approved Corporatetrustees– names of the directors at the datethereport was approved
Director name
Peter Mennell Director of Housing
and Property Services

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for
whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

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

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

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

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) L Marshall

Full name(s) Louise Marshall

Position (eg Honorary Treasurer Secretary, Chair, etc)

Date

29 October 2024

WALLSEND CHARITABLE TRUST

BALANCE SHEET AS AT 31/12/23

Liabilites
Capital Account
Sundry Creditors
Revenue Account
Balance at Beginning of Year
Add: Surplus for Year		 £
869,419
164,459		 £
155,481
1,033,878
1,189,359		 Assets
Investments
Share Portolio
Sundry Debtors
Bank Balances
Current Account
Deposit Account		 £
1,062,977		 £
1,062,977
126,253
1,189,230
7,709
118,544

WALLSEND CHARITABLE TRUST

Expenditure
Organisatons
Anchor Housing Group
Carville Grange
Church of the Good Shepherd
Crossgates
Eothen Homes Wallsend
Ferndene Residents
High View North Pensioners Club
Iona Court Residence Fund
John Kerrison (Eldon Court)
Kings Estate Art Club
Lisle Court
Look afer Yourself
Mainstream OAP
Mayfeld Park
Osbourne House Residents
Our Lady & St Aidans
Our Lady & St Aidans
Our Lady of Lourdes
Patricia Knox (Elmfeld over 60's Club)
St Bernadete's Holiday Club
St John the Evangelist (Care for a Cuppa)
St Lukes Church
St Pauls Community Partnership
Tynecastle Carpets (Roy Hannant)
Wallsend Memorial Hall (Luncheon Club)
Wallsend Memorial Hall (Tea Dance)
Wallsend Park Bowling Club
Westholme Farm Ladies Night
Westmorland Estate Acton Group
Windsor Grange Residents Ass
Major Eforts
Miscellaneous Grants (to individuals)
Other
Bank Charges
Income over Expenditure
Total		 INCOME & EXPENDITURE ACCOUNT AS AT 31/12/23
Income
Dividends/Inv Int
Bank Interest
Share Income		 2023
£
£
26,897.49
1,852.11
149,272.91
178,022.51
178,022.51		 2023
£
£
26,897.49
1,852.11
149,272.91
178,022.51
178,022.51

£
13,171.65
0.00
391.60
164,459.26
178,022.51
2023
£
300.00
300.00
200.00
500.00
500.00
300.00
200.00
300.00
300.00
200.00
300.00
600.00
200.00
500.00
500.00
975.00
550.00
500.00
200.00
200.00
300.00
300.00
500.00
456.00
300.00
500.00
300.00
300.00
500.00
500.00		 £
13,171.65
0.00
391.60
164,459.26
178,022.51
178,022.51

WALLSEND CHARITABLE TRUST

INCOME 2023

Date
Type
Ref
1/9/2023
Brewin Dolphin
Div/Int
2/8/2023
Brewin Dolphin
Div/Int
3/3/2023
Bank Interest
Bank Interest
3/8/2023
Brewin Dolphin
Div/Int
4/13/2023
Diageo PLB
Div/Int
4/11/2023
Brewin Dolphin
Div/Int
5/10/2023
Brewin Dolphin
Div/Int
6/3/2023
Bank Interest
Bank Interest
6/7/2023
Brewin Dolphin
Div/Int
7/7/2023
Brewin Dolphin
Div/Int
8/9/2023
Brewin Dolphin
Div/Int
9/3/2023
Bank Interest
Bank Interest
9/7/2023
Brewin Dolphin
Div/Int
10/9/2023
Brewin Dolphin
Div/Int
10/12/2024
Diageo PLB
Div/Int
11/8/2023
Brewin Dolphin
Div/Int
12/3/2023
Bank Interest
Bank Interest
12/7/2023
Brewin Dolphin
Div/Int		 £
2,541.86
1,703.06
316.91
1,634.49
2.47
1,564.78
3,392.23
411.28
825.07
2,168.43
3,978.56
518.20
1,325.35
3,177.30
3.93
2,689.89
605.72
1,890.07		 Bank Acc
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Current Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Deposit Account
Current Account
Deposit Account
Deposit Account
Deposit Account
Dividend/Inv Int
26,897.49
Bank Interest
1,852.11
28,749.60
TOTAL
28,749.60

WALLSEND CHARITABLE TRUST

EXPENDITURE 2023

Date
Ref
2/7/2023
BC Guarantee
3/21/2023
BP North Tyneside Council
5/9/2023
BC Guarantee
8/7/2023
BC Guarantee
8/15/2023
BP Rosebank Hall
8/17/2023
BP Look afer Yourself
9/19/2023
BP Tynecastle Carpets
9/26/2023
BP Our Lady & St Aidans
9/26/2023
BP Our Lady & St Aidans
10/5/2023
BP Reed Milburn & Co
10/24/2023 BP St Pauls Community Partnership
10/24/2023 BP Westholme Farm Ladies Night
10/24/2023 BP Windsor Grange Residents Ass
10/24/2023 BP Social Connectons North East
10/24/2023 BP Rosebank Hall
10/24/2023 BP Anchor Housing Group
10/26/2023 BP Carville Grange
10/26/2023 BP Westmorland Estate Acton Group
10/26/2023 BP Wallsend Memorial Hall
10/26/2023 BP Wallsend Memorial Hall
10/26/2023 BP Wallsend Park Bowling Club
10/26/2023 BP Our Lady of Lourdes
11/6/2023
BP St Lukes Church
11/6/2023
BP Iona Court Residence Fund
11/6/2023
BP Eothen Homes Wallsend
11/6/2023
BP Mayfeld Park
11/8/2023
BP John Kerrison (Eldon Court)
11/8/2023
BP Mainstream OAP
11/14/2023 BP Osbourne House Residents
11/16/2023 BP Look afer Yourself
11/16/2023 BP Lisle Court
11/16/2023 BP Ferndene Residents
11/17/2023 CH 101605
11/17/2023 CH 101608
11/23/2023 BP North Tyneside Council
11/24/2023 CH 101604
11/27/2023 CH 101609
11/29/2023 BP Crossgates
12/14/2023 BP Spring View
12/19/2023 CH 101610
12/21/2023 CH 101611
Bank Charges (BC)
Cheques (CH)
Direct Bank Payments (BP)		 Amount
Ref
I/E
127.66 B
Bank Charges
23,495.59 O
1
North Tyneside Council (Refund of Payments made on the behalf of WCT)
131.97 B
Bank Charges
131.97 B
Bank Charges
160.65 O
239
Rosebank Hall
300.00 O
240
Look afer Yourself
456.00 O
241
Tynecastle Carpets (Roy Hannant)
975.00 O
243
Our Lady & St Aidans
550.00 O
242
Our Lady & St Aidans
330.00 O
V007/NL
Reed Milburn
500.00 O
1
St Pauls Community Partnership
300.00 O
2
Westholme Farm Ladies Night
500.00 O
3
Windsor Grange Residents Ass
500.00 O
4
Social Connectons North East
300.00 O
5
Rosebank Hall
300.00 O
6
Anchor Housing Group
300.00 O
7
Carville Grange

500.00 O
8
Westmorland Estate Acton Group
500.00 O
9
Wallsend Memorial Hall (Tea Dance)
300.00 O
10
Wallsend Memorial Hall (Luncheon Club)
300.00 O
11
Wallsend Park Bowling Club
500.00 O
12
Our Lady of Lourdes
300.00 O
13
St Lukes Church
300.00 O
14
Iona Court Residence Fund
500.00 O
15
Eothen Homes Wallsend
500.00 O
16
Mayfeld Park
300.00 O
17
John Kerrison (Eldon Court)
200.00 O
18
Mainstream OAP
500.00 O
19
Osbourne House Residents
300.00 O
20
Look afer Yourself
300.00 O
21
Lisle Court
300.00 O
22
Ferndene Residents
200.00 O
23
St Bernadete's Holiday Club
200.00 O
24
High View North Pensioners Club
130.50 O
28673209
north Tyneside Council (Catering)
200.00 O
25
Kings Estate Art Club
300.00 O
26
St John the Evangelist (Care for a Cuppa)
500.00 O
27
Crossgates
300.00 O
28
Springview
200.00 O
29
Patricia Knox (Elmfeld over 60's Club)
200.00 O
30
Church of the Good Shepherd
37,189.34
391.60
1,300.00
35,497.74
37,189.34
Organisaton
(O)/ Individual
(I)/ Bank (B)

WALLSEND CHARITABLE TRUST

CHEQUES 2023

Date Cheque
No		 Date Cashed Payee Amount
11/8/2023 101604 11/24/2023 Kings Estate Art Club 200.00
11/8/2023 101605 11/17/2023 St Bernadete's HolidayClub 200.00
101606 Returned(Incorrect name)
11/16/2023 101607 Elmfeld Over 60's Club 200.00
11/16/2023 101608 11/17/2023 High View North Pensioners Club 200.00
11/16/2023 101609 11/27/2023 St John the Evangelist(Care for a Cuppa) 300.00
12/13/2023 101610 12/19/2023 Patricia Knox 200.00
12/13/2023 101611 12/21/2023 Church of the Good Shepherd 200.00
Total Cheques writen in 2023
Total Cheques cashed in 2023
1,500.00
1,300.00

Wallsend Charitable Trust

Investments as at 31/12/2023

Company
Aberdeen STD FD MG
Alcon AG CHF
Alphabet Inc Capital Stock USD
Amphenol Corp USD
Artemis US
Ashtead Group Ord
ASML Holding NV Euro
Baillie Gifard Oseas Japanese Fund
Blackrock FM Ltd Contl
Blackrock (LUK) SA UK
Ballie Gillford American B Nav Inc
Berkshire Hathaway
BNY Mellon Fd Mngr Newton
Booking Holdings Inc Com
Brown & Brown USD
Copart Inc Com
Croda INTL ord
Diageo Ord
Experian Ord
Fastenal Com
Fidelity ucits ICA US Qual INC Ucits ETF
Fidelity inv Asia
Fidelity Investment Funds Emerging Markets
First Senter Investors
First State Inv Asia Pacifc
Fil Inv SVCS UK
Fundsmith Equity
GAM Star Fund Credit
Gsk Plc Ord
Haleon Plc
HICL infrastructure
Insttutonal PLC
Intercontnental Exchange USD
Invesco Far Eastern Investments=
Ishares Physical
Ishares II GBP
Ishares V PLC Energy Sector
Janus HEND FXD INT JH FXD INT MTHLY INC GQ
Janus Hend INV FDS srs
JP Morgan LTD US
JP Morgan GL EM Inc
JP Morgan ICVC JPM US equity
Kone OYJ
Legal & General Group Ord
Link Fund Solutons UK
Man FD MGMT UK Ltd
Microsof Corp Com US
Muzinich Funds GBL
Natonal Grid
Novarts AG CHF
Prudental Ord
Pimco GBL
RELX PLC
Rio Tinto Ord
Robeco Lux SA Global
Royal Dutch Shell
Schroder Unit TST GBL
Scotsh Mortgage Inv Trust
Stryker Corp
Schwab (Charles) Corp USD
Texas Instruments USD
Thermo Fisher Scientfc USD		 138
111
172
6,942
221
13
2,550
13,625
42
4
153
173
248
385
242
9,220
1,710
9,153
1,170
5,481
5,051
13,200
28,615
132
9,281
1,176
7,248
3,135
22,000
27,332
26,297
280
5,305
12,687
60
187
1,833
116
3,680
790
220
36,166
3,433
53
252
89
28
No of Units
2023		 9,170
12,180
11,906
17,571
2,139
6,835
39,142
17,405
9,722
9,924
7,511
6,208
16,074
183
10,840
64,797
26,055
9,741
4,300
27,647
14,681
23,398
28,632
12,217
23,236
34,253
35,130
17,116
13,213
28,434
26,999
11,435
11,797
15,840
8,768
19,959
9,761
9,203
32,024
15,667
21,914
25,334
23,466
8,939
11,616
11,812
12,128
Book Value
2023		 30,300
10,600
545
13,625
250
2,237
68
20,629
248
785
540
7,590
1,710
1,170
5,481
2,365
1,108
1,385
13,200
844
3,680
27,332
61,800
14,320
17,295
140
187
1,833
650
3,680
790
400
220
760
36,166
93
No of Units
2022		 Proft/Loss
23,275
-23,275
9,170
12,180
11,906
26,830
-9,259
5,274
-3,135
6,835
39,142
17,405
0
27,330
-27,330
17,062
-17,062
15,740
-6,018
10,973
-10,973
9,924
7,511
6,208
16,074
0
374
-191
15,249
-15,249
10,840
53,317
11,480
25,847
208
9,741
4,300
4,214
-4,214
0
27,676
-29
23,593
-23,593
12,190
-12,190
2,856
11,825
23,398
0
28,632
12,217
23,236
24,290
9,963
35,130
17,116
13,213
0
27,499
935
63,448
-63,448
18,021
-18,021
26,999
11,435
11,797
15,840
21,762
-21,762
20,460
-11,692
19,959
0
9,761
0
9,203
1,075
-1,075
32,024
0
15,667
0
8,042
-8,042
21,804
110
1,286
-1,286
25,334
0
23,466
15,685
-6,746
11,616
11,812
12,128
Book Value
2022
TwentyFour Investment Funds Corporate Bonds
UBS Fund Mgmt Lux
UK Govt 5% SNR
Unilever PLC Ord
Vanguard Inv UK
Vanguard Inv US
Vanguard Inv Ser Uk Gov Bd
Vanguard Funds Plc
Visa Inc Com USD
Cash		 293
23,467
23,467
3,297
31,142
-31,142
13,527
14,009
13,527
14,009
0
680
10,029
-10,029
264
27,753
305
28,737
-984
531
48,909
264
27,753
21,156
349
38,806
349
38,803
3
2,253
72,889
655
20,741
52,148
61
12,134
12,134
8,689
54,483
-45,794
277,678
1,062,977
303,103
913,704
149,273
1,062,977
913,704
149,273

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name VICTOR MANN TRUST FUND members of On accounts for the year Charity no ended 31 DECEMBER 2023 (if any) 215476 Set out on pages 3 - 4

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

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

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.

Date: Signed: 15/10/2024 Name: N J LILEY Relevant professional FCA qualification(s) or body (if any):

Oct 2018

1

IER

Address:

71 HOWARD STREET NORTH SHIELDS TYNE AND WEAR, NE30 1AF

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

N/A

Oct 2018

2

IER

WALLSEND CHARITABLE TRUST

INCOME & EXPENDITURE ACCOUNT AS AT 31/12/23

Expenditure
Organisations
Anchor Housing Group
Carville Grange
Church of the Good Shepherd
Crossgates
Eothen Homes Wallsend
Ferndene Residents
High View North Pensioners Club
Iona Court Residence Fund
John Kerrison (Eldon Court)
Kings Estate Art Club
Lisle Court
Look after Yourself
Mainstream OAP
Mayfield Park
North Tyneside Council
Osbourne House Residents
Our Lady & St Aidans
Our Lady & St Aidans
Our Lady of Lourdes
Pattricia Knox (Elmfield over 60's Club)
Reed Milburn
Rosebank Hall
Social Connections North East
Springview
St Bernadette's Holiday Club
St John the Evangelist (Care for a Cuppa)
St Lukes Church
St Pauls Community Partnership
Tynecastle Carpets (Roy Hannant)
Wallsend Memorial Hall (Luncheon Club)
Wallsend Memorial Hall (Tea Dance)
Wallsend Park Bowling Club
Westholme Farm Ladies Night
Westmorland Estate Action Group
Windsor Grange Residents Ass
Major Efforts
Miscellaneous Grants (to individuals)
Other
Bank Charges
Income over Expenditure
Total		 2023
£
300.00
300.00
200.00
500.00
500.00
300.00
200.00
300.00
300.00
200.00
300.00
600.00
200.00
500.00
130.50
500.00
975.00
550.00
500.00
200.00
330.00
460.65
500.00
300.00
200.00
300.00
300.00
500.00
456.00
300.00
500.00
300.00
300.00
500.00
500.00		 Income
2023
£
£

Dividends/Inv Int
26,897.49

Bank Interest
1,852.11

Share Income
149,272.91
































13,302.15
0.00
391.60
164,328.76
178,022.51		 £



178,022.51
178,022.51

-3-

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WALLSEND CHARITABLE TRUST
BALANCE SHEET AS AT 31/12/23
Liabilities £ £ Assets £ £
Capital Account 155,481 Investments
Sundry Creditors 0 Share Portfolio 1,062,977
Revenue Account 1,062,977
Balance b/fwd 869,419
Add: Surplus for Year 164,329 1,033,748
Sundry Debtors 0
Bank Balances
Current Account 7,709
Deposit Account 118,543 126,252
1,189,229 1,189,229
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