THE FREDERICK WGAN TRUST ANNUAL REPORT AND FINANCIAL STATEMEKrs YEAR ENOED 31 DECEMBER 2024 Reglstered Chorily No 249614
THE FREDERICK WGAN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OWECTIVES, ACTIVITIES AND PERFORMANCE OF THE CHARITY The ot¥oct of the Charty i5to O¥e property ftk)Cal edu¢alional 8Thllof rellauS purp)ses. There are Ihree t)uiklings alongsHle eath olher in Akler Ro&J. MortSake, London SW14. Onè used edominanlly ty the GuKles. one wedorninantty by the Scouts and one wedonknanuy by a nutsery school. FINANCIAL REIIIEW trIng the year, the Charitls inc4)me anw)unled 10 £32.231 (2023.. £29.58T) and it spent £22,281 12023.. £23.559) on nJnning costs and MaenanCe. At 31 Decemt¢T 2024. reserves a¥jUnI lo £138.480 belna splrt Into ETrJryment (£3,314>, Recoupmenl1£78,364) and Unreslfkled Income (£54.902). Reser are hekd In a mixlure of cash on Cufrenl accounts or dep)sits aThJ COIF Units. The Charlly h85 nol dgsvJnat&J or olheTh¥tse e(Mnmlt any matedal lunds at Ihe eno oflhe ydar. STRUCTURE, GOVERNANCE ANO MANAGEMENT 8tstus and Con$titullon The Charrty is an unincorFrt)r8ted Tnjsl whKh was esi8ilishod In 1910 aThJ Is wister1 with Iho Ch8rlly Commiss•)n lorENJl8nd 8ThJ VI8$ wilh regislr81ion number 249614. The ¢onsll(rtlon and objects olthe Chary, orKI tho regulan$ cM¢eM minwJomènt. afe set oul In tho constitution. Trust••s The Trustees are the membOfS olthe Pomchi81 Church cnCil (PCC) olthe Pkrtsh ofmortlake wth Easl Sheen. OrganSli0n1 MAnag•m•nl The Tn1 Is overseen by the Finan Property ¢omn*tee sel up a1 t8rtj lo Ihe alemen11)ned PCC. AM InJslees glve Ihetrllme freeky and none re(kn5 any remunernth)n. The Chothy h85 no emrAoyees.
THE FREDERICK V4lG4N TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (w*inued) STATEMENT OF TRUSTEES RESPONSIBIUTIES The Trustees are responsible for preparing the Truslees, Annual Report and the financSal statements in accordance wrth applicable law and Unrted Kingdom AountIng Standards (United Kingdom Generally Accepted Accounting Pradice). Th• Trustees ar? required to prepare financlal statemen1$ whh glve a Irue and law VIN of the state of affairs ofthe Chanty and of the inGome and expendtture of Ihe Chartty forthat perlod In accordance wrth applicable law. In prepanng these finan¢ial statements. the Tru51ees are required to.. Select suitable a¢counllng pollcles and then appty them conslstertty Observe the methods and principles in Ihe Charrties SORP Make ludgment$ and estimate5 Ihol we reasonable and wudenl Slate whether applicable UK accounting Standards have been followed. subjed to any material dePartUS whlch have been disclosed and explained In the financial statements: and Prepare the financial statements on the going ¢oncem basis unless * Is Inappropriate lo presume thal the Charily will contlnue in business. The Truslees are responsible for the Charity keeping accounting records that are sufficlent to dlsclose wrth reasonable a¢curKy * any tlme the ffinancial posrtion ofthe Charity. They are also responsible for saleouarding the assets of the Charity and hence for taking reasonatAe stops for the prnventlon arKI deteetlon ol trau¢J and olher irregularttles. Approved by the Board 0fTruSt¢ on 19 May 2025 and swned on thelr behalf ty. Jonalh8n Blythe Treasurer and Truaee
THE FREDERICK VIIGAN TRusr REPORT OF THE INDEPENt)ENT EX)AINER FOR THE YEAR ENDED 31 DECEMBER 21)24 R•port of th• Ind•p•ndwrt Examln•r to th• TnAl•M of Th• Frndwlck Wlg•n Tru•t (th• Ch•rlty) on tho attKh•d FlwKl•l St•t•m•nts for th• y••r ended 31 D•mb•1 2024 coot c¥&nI10n, giv• • tru• aThJ l•Tvl•w Uf1 •t8ts of4ff¥irs oltho Cty 8rbJ oftho Sur6 ordafkltcltho Chwlty Set 8Urtatyg a)UbIll 8ThJ appty thom cLmithnty ill M•k• ludg•rnnts )d tstsmat¢s that • roas(matA• WKI kwJrt' that the Charity contknu• to ¢••rnt•. The Truty19 a> TeyFon1lb lof k••pry wop•r •CMIlY dith with reasonabio at any Ilme the t1 Fh)•kn of the Chwty aThJ to thom kn ensure that t fin•Th¢1 •tJt•m•nt• tyynF4y with lh• Charth 2011 It M a0 wwnsibl• l¢r f•gu•rdkng •sots ol lh• Chwtty •ThJ horrfx tr lakirvj rombIg •ty fc tha prev8nJon and My IrKlud•d • mlffiv ol tha x(¥xmting kw ty lh• Chty ¥rNI • compwknon ollhe prejented ith rerJJds. It aL%) o)n•tht•y) ol any unuiu•l it•m (f di9dtiwJreJ m the a(mmts. a•8kiw eyplwM frryn the ¢t)n¢wnty any 8uch fflatter8 The woc•dwog un¢Jwtsku) do mkl• am Ihe eiMenc6 th81 thuld bo roquTrred audrt •nd ¢ons•4u•nlky I do not •xprnM an by thg a(wts. Ind•p•nd•nt •xamln•tr• •t•t•m•rt In tnnt)n wAth my •y•mln••on. no m•tt•r h•• c•m• to my •tt•nlh)n ffl• r•o•rybI I90 ID tlith Ihat In any maternl re8wX th• lo keep •cc¢unkng Trds accordae tylh the methcts pftrKWes Slatomenl o1RK(xnrnd pr10." pu0"r gnd Roportkw by Clwlti88 b88n mèt LY whk. m my opnNI, •ttenbon •hoLIA b• dr••m in order to enablo a wopgr underBtaTrJng of acwjnts be reached. Albt•w H E Smth Chartw•d Ac0)unl T*ithetham TW25RA 19 May 2025
THE FREDERICK WGAN TRUST STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Rent recek¥ed DindS Bank Interest 31,789 442 29.282 325 Total Income 32,231 29.587 EXPENDITURE Legal and Professional fees Adminlslralive expenses LbJhl and heat Water and Buskness Rates Insurance Buihjlng Malntenance 2,437 1.696 2.500 11.589 658 1,199 5,937 14.879 483 1.224 958 Tot81 expend(tuTe 22,281 23,559 NET INCOMIN(y{oufGOING> RESOURCES 9.970 6.028 G8lnsllLosses) on Investmenls 3.793 8,303 NET SURPLUW(DEFEcif) IN FUNDS 13.763 14.331 RESERIES BRoLT FORWARD 122.717 108,386 RESERVES CARRIED FORWARD 136.480 122.717
THE FREDERICK WIGAN TRUST BALANCE SHE AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Investmenls (COIF Unts) Dèwsrt5 ICBF) 78,365 3,314 74.572 3,314 Tolol Fix•J Assets 81.679 CURRENT ASSETS AND UABILITIES Cash al 88nk Debtors Less Credliors 41,886 7.333 {4.388) {1.204) Nel Cufrenl Assets 54.801 44.831 TOTAL ASSETS 138.480 122.717 RESERVES Endowment Fund Recoupment Fund Incomo Fur¥1 3.314 78,364 54.802 3.314 74.571 Total Reser¥es 136.480 122,717 These Finanual tfflents were 8pwoN*d rm 19 May 2025 and Sned on behaw of Ihe b)ard of IFU51ees ty: Jonalhan Btytho Twstee
THE FREDERICK WGAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 21)24 1. ACCOUNTING POUCIES B•sls of pr•pAr•tlon ol flnan¢lAI 8tsl•m•nts The finondal stalernents have been wepared urvjer the historkal cost conbnttr)n wllh Ileff recogni5ed at cost or Iransadk)n Vae unless olheThvlse stated In the relevant noles. The financ181 stolemenls have been wepared In acconlan¢e wilh the second edrtknn of the Chartties StolennI of Recommended Practice issued in Oclober 2019. the Fwiancaal Reportlng Standart applrAtAe In the Unrt&J KinOrn and Rewblic of Ireland (FRS 102) the Charths Act 2011. The Chafity Is wblK benefrt entity forthe purposes ofFRS 102. Th• Tru51ees haw assess•d whether Ihe use of the goiYJ confn basls Is gppffjprtO and halt eonshjered possible ebenls or corKJitions th81 ryhl cast SvJntfant douté on the abillty olthe Chartty lo conlknue as a goino concem. The TNslees h8b m8de this assessmenl for a perh)d of at leost o year from the dale ol approval of Ihe financial siements. After making enquiries. the Trustees hav• cOnded th81 Iher8 Is 8 reasonabk expeclalion that the Charity Iw adequate resources lo contlnue In operalkjnal e$tence forlhe foreseeal)be fulurg. The Charity therefore continues lo adopt the 90ir concern basis kn preparfThJ its financial statements. Incom• All incom Is IncIJed In Ihe Statemont of FinancAo5 when Iht Chartty Is1898ly entll1 lo the Income and the arUrrt can be den$ wh reosonotAe aGcurncy. Exp•ndltur• Al exr11tUre Is accounled lor on an accrua15 basis Taxadon The Charity b a registered charity and. as such. d8Yns lax exemplions from all rts irtom8. The Charhty Is not registered lor VAT and, as suth. all eyperMJrture Ls shown inclustve of irrec0ra010 VAT. T•nqlbl• Flx•d As8•ts There are no TaNJitAe Fixed Assets