## THE WILLIAMS FAMILY CHARITABLE TRUST Report of the trustees for the year ended 31 Dec 2020 The trustees present their report along with the Receipt and Payment accounts of the charity for the year ended 31 December 2020. The accounts have been prepared in accordance with CC 16a. Principal Address: Barry Landy 192 Gilbert Road Cambridge CB4 3PB Constitution and charitable objectives The Williams Family Charitable Trust is constituted under a trust deed dated 16 November 1959 and is a registered charity number 255452. The objects of the charity are to apply the income in perpetuity for such purposes as the trustees in their absolute discretion think fit. Management and organisation Ultimate control of the Trust rests with the trustees who are responsible for the day to day management of the investments and affairs of the Trust. The trustees who have served during the year and since the year end are as declared on the Charity Commission website. Grants and donations policy The trustees decide on the grants and donations to be made within the scope of the Trust's objects. The trustees' policy in recent years has been to support diversified charitable causes. Financial review and investment policy The Trust was established by the late Mr Walter Nathan Williams in November 1959 who made a capital donation to the Trust which established the trust's original endowment. The endowment fund has increased over the years as a result of net gains on investments. The income from the endowment fund represents unrestricted income which can be used for charitable purposes. The Trust's quoted securities are managed by the trustees. The policy is to aim to achieve maximum return on an acceptable level of risk. During the year under review income Donations, Grants and overheads totalled are as in the attached accounts. ## Reserves policy The reserves policy of the unrestricted fund, which represents the free reserves of the charity, is to utilise these reserves in part or in whole in accordance with the grants and donations policy at the trustees' discretion. Risk management The affairs of the Trust are on a small scale and are currently handled directly by the trustees. The Trustees monitor the performance of the investments but they do not consider that additional risk management procedures are necessary for a Trust of this size. Since 1 Jan 2016 Rathbones Fund Management have managed the major part of the Endowment fund on our behalf, with instructions to raise the interest to a target of 5 % at low risk. Signed on behalf of the trustees . Barry Landy, lam5 Famlty Charilabl• Trust Receipts and payments accounts CC16a For th• period To 01.01￿20 31.12￿20 Section A Receipts and payments Unrestricted RÈstricted Endowment Total funds Last yaar A1 Re￿Ipts rAwoEWOS 4TERE5f 49J17 49.317 57,214 Sub total(Gross income for ARJ 49.317 49.317 57,214 A2 Ass•t and investment sales. Iseo tabl•l. Sub total 49.317 49.317 57,214 A3Pa Accou￿￿￿¢y 875 41 EXPENSES IMSTRIBimoiis 4$350 48350 Sub tot41 47.125 47,125 47.191 A4 Asset and investment purchas•s, Is•e tsbl•l Sub total 47,125 47.125 46,191 Net of receipts/(payments) A5 Tran51ers between lunds A6 Cash funds last >•ar end Cash funds thi$ year end 3.79 11.62 33.741 37. 33,741 37.533 22.118 33.741 CCXX Rl 8(thunts ISSI 1710512021 Section B Statement of assets and liabilities at the end of the period Unrestricted Re5trict•d funds Endowrnent funds to r•TraT￿t£ B1 Cash funds Total cash funds 37.533 funds lunds funds C(XF 14311 118.ts9 FuThJ to whkh CuiTfjrtv¥lye B3 Investment assets 1￿24￿21 B4 Assets retained for the charity's own use FLmd tOT*14¢h 4nount dwj When du BS Liablllties SwJn8d by one or ￿ trustees LYI behalf of all Ihe InJ5tees Dale of royal Swnatu Pnnt Name B LANOY CCXX R2 attthnts ISSI 1710512021 Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to the Irusteesl members of | WILLIAMS FAMILY CHARITABLE TRUST 31- DECEMBER 2020 Charlty no (if any) On accounts for the year ended 255452 Set out on pages Pages 1 & 2 of CC16a Respective The charivs trustees are responsible for the preparation of the accounts. responsibilities of The tharity's t￿SteeS consider that an audil is not required for this year trustees and examlner under section 144 of the Charities Act 2011 (the Charities Act> and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the prcKedures laid down in the general Directions given by th8 Chartty Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was c3rried out in accordance wth general Directions given examine¢s statement by the Charity commiss￿)n. An examination indudes a review of the accounting re￿rdS kept by the i*arity and a o)mparison of the accounts presented with those records. It also indudes conSiderat￿*n of any unusual items or disclosures in the accounts, and seeking explanations from the truslees con￿MIng any such matters. The procedures undertaken do not prowde all the evidence Ihat would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the statement below. Independent In connection viith my examination. no matter has come to my attention examinerfs statement 1. which gtves me re&8onabk cause to believe that in, any material respect, the r￿uirements. to keep accounting re￿rdS in accordance with section 130 of the Charities Act., and to prepare accounts which accord viith the accounting records and ()Jnply v4ith the accounting requirements of the Chariti8s Act have not been met.. or 2. to vthich. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete t in the braGkets rf they do not apply. Signed: Date: Name: T.D.MARCUSON F.C.A. Rolevant professional qualifbcation(sl or body (if any): INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND & WALES IER March 2012 Address: 15 WEST HILL Rd Fo￿oN CAMBRIDGE CB22 6SZ Section B Disclosure Only complete il the examiner needs to h￿hlbght material problems. IER March 2012