WELD OF LULWORTH CHARITY FUND
ANNUAL REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Reglstered Charlty: 232570
Chartered Accountants

WELD OF LULWORTH CHARITY FUND
CONTENTS
Page
Trustees. annual report
Independent Examiners, report lo the trustees
Statement of financial activities
Balance sheet
Notes lo the accounts
6-10

WELD OF LULWORTH CHARITY FUND
TRUSTEES, ANNUAL REPORT
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name
Weld of Lulworlh Charity Fund
Reglstgred charity number
232570
Trustees
James Joseph Weld Esq
Mrs Eleanor Sarah Weld DL
Contact address
The Estate Office
Lulworth Castle
East Lulworlh
Wareham
Dorsel
BH20 5QS
Professional advisors
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Accountants
Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 Wigh East Street
Dorchesler
Dorset
DT1 1HA
Investment managers
Evelyn Partners
45 Gresham Street
London
EC2V 7BG

WELD OF LULWORTH CHARITY FUND
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their report 2nd accounts for the year ended 5 April 2024. The financial statements
have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply
with the Charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS1021.
Objectives and activities for the public benefit
When planning our activities for the year. the Trustees have considered the Charity Commission's guidance
on public benefit. Accordingly the Charity continued its policy of assisting local charitable bodies by making
grants from accumulated income, The Charity also assists in the day lo day operation of the Chapel al East
Lulworlh.
Achievements and performance
The Charills income decreased from £79,259 in 2022123 10 £73,487 in 2023124. Donations and Gift aid
decreased by £4,974 and investment income decreased by £827. The trustees made charitable donations of
£43.455, this includes a £35,000 donation lo Dorsel Natural Hislory & Archaeological Society. Donations
expenditure was £9,450 less than the previous year. Net income for the year was £9,278 12023 £6,2691 and
the Charity's nel assets increased in the year from £335,456 10 £338,332 with net losses on the investments of
£6,402.
Alms and key ojectives for future periods
The Charity aims lo raise funds for meeting the same broad aims.
Flnancial review
Al 5 April 2024 the Charity had an Endowment Fund balance of £325,816 and a balance on the Income Fund
of £12,516. As in 2022123 the significant income sources were donations {£46,026, 2023 £50,000), Gift aid
(£11,500, 2023 £12,500) and investment income1£12,206, 2023 £13,033).
The Trustees have agreed that unrestricted fund reserves should be kept al a level that permits the
continuance of the Charity as a going concern and the assistance of local charitable bodies. No quanlilalive
figure has been placed on this policy and is purely at the discretion of the Trustees. Where funds are in excess
of immediate expenditure Tequiremenls they are invested in shares or bonds or plaoed on short term deposit
with banks at the prevailing interest rate.
Structure, governance and management
The Weld of Lulworlh Charity Fund was created by a Trust Deed dated 15 January 1960. The Fund is
registered with the Charity Commission Iregislration number 2325701 and is held on tiust by the Trustees lo
apply income thereof for such lawful charitable purposes in England as the head of the Weld family shall from
lime to time direct and in default of and subject to any such direction as the Trustees shall in their absolute
discretion think fil. Under the declaration of the Trust the Trustees have uncontrolled discretion as beneficial
owners as lo the manner in which the Trust's assets are invested. The power to appoint Trustees is vested in
the head of the Weld family.
J J Weld (Trusleel has a life interest in the Weld Estate A Fund, is sole director and shareholder of Lulworth
Landscapes Limited and Director of Lulworth Heritage Limited.
Approved by the Trustees on
and signed on their behalf by
JJWeld

WELD OF LULWORTH CHARITY FUND
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES ON THE ACCOUNTS
OF WELD OF LULWORTH CHARITY FUND
FOR THE YEAR ENDED 5 APRIL 2024
I report lo the trustees on my examination of the accounts of Weld of Lulworth Charity Fund for the year
ended 5 April 2024, which are sel out on pages 4 10 10.
Responsibilities and basls of report
As the charity trustees of the Charitable Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111.the Act'l.
I report in respect of my examination ol the Trustee'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 14515llbl of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause lo believe that in any material respect..
111 accounting records were not kept in respect of the Charitable Trust as required by section 130 of the
Act.. or
121 the accounts do not accord with those records.. or
13) the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fair view, which is not a maller considered as parl ol an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Ho
CA
Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorsel
DT1 1HA
Dale

WELD OF LULWORTH CHARITY FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Expondable
Endowment
I￿nd
Unrestricted
Income
fund
Total
fund5
2024
Total
fund8
2023
Not&¥
Incomè
Donation5 and legacies
Gift aid on donations
Other trading income
Investment income
46.026
11,500
3,755
12,206
46,026
11,500
3,755
12.206
50,000
12,500
3.726
13,033
Total income
73,487
73,487
79,259
Expenditure
Cost of raising funds
Investment management fees
Chapel activities
Charitable aclivili¢s
Chapel overheads
Donation8 made
Support and govemance co818
1.826
1,826
2,094
1.470
1.579
2,094
15.412
43,455
1,422
15,412
43,455
1.422
15,868
52,905
1.168
Total expenditur&
1,826
62.383
64,209
72,990
Ngt Income
11,8261
11,104
9,278
6,269
Realised Iloss)Igaln on disposal of investments
Unrealised (lossl on revalu8tion of investments
1345)
{6.0571
{3451
5,091
16,057} 112,5101
Net movem•nt In funds
18,228}
11,104
2,876
11,1501
Funds brought fonvard at 6 April 2023
334,044
1.412
335,456
336,606
Funds carrled forw8rd at S Aprll 2024
325,816
12,516
338.332
335,456

WELD OF LULWORTH CHARITY FUND
BALANCE SHEET
AS A T 5 APRIL 2024
2024
2023
Notes
Fixed assets
Investments
310.320
289,895
Current assets
Debtors
Cash at bank and in hand
24,880
8.070
71,289
38.135
10
32,950
109,424
Creditors: amounts falling due wlthin
one year
11
4,938
63,863
Net current assets
28,012
45,561
Net assets
338,332
335,456
Funds
Expendable Endowment Fund
Unrestricted Income Fund
13
13
325,816
12.516
334,044
1,412
338,332
335,456
Approved by the Trustees on .
and signed on their behalf by
JJWeld

WELD OF LULWORTH CHARITY FUND
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
1 Accountlng policies
lal Accounting convention
The Weld of Lulworth Charity Fund was created under deed of trust and registered as a charity in England and
Wales. The address of the principal office is given in the charity information on page 1 of these financial
slalemenls.
The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accord8n¢e with the
Fillancial Reporting Standard applicable in the UK and Republic of Ireland, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021. They also comply with the Charities Act 2011 and UK
Generally Accepted Accounting Pr8Cti¢e.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow
slalemenl on the grounds that il is applying FRS 102 Se¢lion 1A and is a small charity.
The accounts have been prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts
and Reports) Regulations 2008 only to the extent required lo provide a 'lrue and fair view,. This departure has
involved following the Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities..
Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial slalemenls have been prepared under the historica5 cost convention with items recognised al costs
or transaction value, apart from investments which are included al market value. The accounts are presented in
sterling which is the functional currency ol the charity and rounded lo the nearest £.
The charity conslilules a public benefit entity as defined by FRS 102.
Ibl Golng conc&rn
The Iruslees consider that there are no material uncertainties about the charity's ability to continue as a going
concern.
Icl Income recognltlon
All income is reco9nised once the Chaiily has enlillemenl lo the income, there is sufficient certainly of receipt so it
is probable that income will be received, and the amount of income receivable can be measured reliably.
Other trading income includes wedding and christening fees.
Investment income includes dividends, bank and 108n interest and any income tax recoverable. All income,
including that arising from endowment funds, is unrestricted.
Idl Investments
Listed investments are slated al market value al the balance sheet date. Realised gains and losses on disposal or
unrealised gains and losses on revaluation are taken lo the Slalemelll of Financial Aclivilies. Investment incDme
has been taken into account on the basis of the due date of payment and includes incom& lax recoverable.

WELD OF LULWORTH CHARITY FUND
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
le) Expenditure recognltion
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the
charity lo that expenditure, il is probable that selllemenl will be required and the amount of the obligation can
be measured reliably.
All expenditure is accounted for on an accruals basis. Expenditure on investment management is deducted
from endowment funds.. all other expenditure is deducted from unrestricted income funds.
Donations made are payments made lo third parties in the furtherance of the charitable objects of the Charity.
fl Taxation
As a registered Charity, the Trust is generally exempl from Income Tax and Capital Gains Tax, bul not from
Value Added Tax. Irrecoverable Value Added Tax is included in the cost of those items to which il relates.
Ig) Fund accounting
The Charity maintains the following funds as necessary'.-
(il Endowment Fund lexpendablel - represents gifts which have been applied for capital purposes. This fund
includes all subsequent gains and losses, both realised and unrealised, arising from fixed asset
investments. This endowment is expendable and may al the discretion of the Trustees be applied for the
purposes for which the endowment was given.
{iil Income Fund lunreslrictedl - represents income from fixed asset investments and is applicable for making
grants lo charitable properties and administering the affairs of the Charity. This fund may al the discretion
of the Trustees be expended for capital purposes.
2024
Incomè fund
2023
Income fund
2 Other trading Incomg and costs
Wedding and christening fees
Gandle box money
3.135
620
2.775
951
3,755
3,726
Wedding costs
Sacristan and organist costs
Candles, wine and sundries
Christmas costs
890
375
724
105
770
225
475
109
2,094
1,579
2,147
Nel income
1,661

WELD OF LULWORTH CHARITY FUND
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
2024
Income fund
2023
Incoma fund
3 Investment income
Interest received on UK listed investments
Dividends received on UK listed investments
Interest received on stockbroker account
Bank interest
2,639
9,209
179
179
3,121
9.843
41
28
12,206
13.033
4 Chapel overheads
Repairs and renewals
Oil and healing
Insurance
4,775
4,362
6,275
15,412
3,770
7,186
4,912
15,868
5 Donatlons made
Dorsel Natural History & Archaeological Society
Purbeck Arts Week Festival
Miscellaneous
Wool and Lulworth R C Parish
35,000
6.000
455
2,000
43,455
50.000
905
2,000
52.905
6 Support and governance costs
Accountancy fees
Independent Examination
868
300
1,110
312
1,422
1,168
6 Independent Examiner remuneration
Total remuneration receivable by the Independent Examiners in the year was £1,422, of which £1,110 relates
lo accountancy services12023 - £8681 and £312 relates to the examination of the accounls12023 - £3001.
7 Trustees remuneration and expenses
No remuneration directly or indirectly was paid or payable out of the funds of the Charity for the current or
previous year to any Trustee or lo any person or persons known lo be connected with any ol them.
No expenses were reimbursed during the current or preceding years.
8 Investments
UK listed
Market value
At 6 April 2023
Acquis11ions at cost
Disposal Proceeds
Realised loss on disposal
Unrealised loss on revaluation
289.895
57,232
130,4051
13451
16,0571
At 5 April 2024
All investments are held primarily to provide an investment return for the Charity.
310,320

WELD OF LULWORTH CHARITY FUND
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
2024
Total fund5
2023
Total funds
9 Debtors
Prepayments
Gift aid receivable
Other debtors
676
24,000
204
12,500
58,789
71,289
24.880
10 Cash at bank and in hand
C Hoare & Co
Cash held by stockbroker
5,261
2,809
8,070
8,268
29,867
38,135
11 Creditors: amounts falling due within one year
Trade creditors
Accruals
Receipts in advance
Other creditors
1,273
1.665
2,000
786
1,433
4,000
57,644
4,938
63.863
Receipts in advance are deposits for weddings that are due lo lake place in future periods..
At 6 April R81eased in
Deferred
2023
year
in year
At 5 April
2024
Wedding fees
Total deferred income
4.000
13.0001
1.000
2,000
Receipts in advance are attributable to Income Funds.
12 Contingent Llabilitles
The Charity pledged £120,000 lo the Dorset Natural History & ArchaelogiGal Society. Aller donations made
during the year there is £35,000 due lo be donated in 2024125 bul only if the Charity has significant funds
available lor the purpose.
13 Movements In funds
At 6 April
2023
Income
Expenditure
Net
Investment
losse8
At S Aprll
2024
Unrestricted funds
Expendable Endowment Fund
Income Fund
334.044
1,412
11.8261
162,383)
164,2091
16,402) 325,816
12,516
73,487
Total fund5
The cause of the Endowment fund delicil was due to fluclualions in the market value of investments. The
surplus on the income fund is a result of investments providing the required return and reduced charitable
activity expenditure during the year.
335.456
73,487
16,402)
338,332

WELD OF LULWORTH CHARITY FUND
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
14 Analysis of net assets between funds
Endowment
fund5
Income
funds
Total funds at
5 Aprll 2024
Fixed assets
310,320
310,320
Current assets
15,933
17.017
32,950
Current liabilities
1437)
(4.5011
14,9381
Total net assets
325.816
12.516
338,332
Endowment
funds
Income
funds
Total funds at
5 AprS12023
Fixed assets
289,895
289,895
Current assets
102,164
7,260
109,424
Current liabilities
158,0151
15,8481
(63,863)
Total net assets
334,044
1.412
335,456
15 Related party transactlons
J J Weld ITruslee} has a life interest in the Weld Estate A Fund. is sole director and shareholder of
Lulworth Landscapes Limited, and a Director ol Lulworth Heritage Limited and Lulworlh Leisure
Limited.
Included in repairs and renewals Inole 41 are payments amounting 10 £3,18812023 - £2.8211 to
Weld Estate A Fund and £nil {2023 - £121 lo Lulworth Leisure Limited. Included in Oil and healing
{note 41 are reimbursements lo Lulworth Heritage Ltd amounting to £4,36212023 - £nill. Included in
insurance {nole 4} are reimbursements amounting lo £6,27512023 - £4.9121 lo Weld A Fund.
Included in candles, wine and sundry Inole 21 are payments amounting to £nil12023 £104) lo Weld
Estate A Fund. Included in Christmas oosls {nole 21 are payments amounting lo £4812023 £109} to
Weld Estate A Fund.
These transactions were undertaken on an arm's length basis. There were no amounts
outstanding al the year end for these transactions.
Donations received from related parties in the aggregate amounted to £46,00012023- £50,000).
10