## THE WILLIAMS FAMILY CHARITABLE TRUST Report of the trustees for the year ended 31 Dec 2021 The trustees present their report along with the Receipt and Payment accounts of the charity for the year ended 31 December 2021. 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, Receipts and payments accounts CC16a To 01.01.aY21 31.12 2W21 Section A Roceipts and payments UnrÈstriet•d Endowmènt fund* A1 Rrt￿pts OMDENDS IiirEREST 441 45.144 AR) 144 ¥.f44 49.317 lo•• tabl• Tot•1 r•celpts 4¢144 46,144 49,317 COUNTA¥CY 875 250 Subts A4 A•8•t and In¥•stm•nt Sub total 38.625 47.125 Net oflece1￿(payrnents) 7,51 7.51 A6 Cash fi&nds last ￿ar ènd C•sh fvnds thffs yt•r end 37. 37.533 45.052 33,741 37.53 CCXX R1 act•J￿ts ISSI 1210e42022 Section B Statement of assets and liabilities at the end of the period Unrestrict•d R•$triGt•d fun B1 Cash fvftdl Endowm•nt lund• rotai cash fund¥ 45.052 45,052 nd• B2 othor mon•tsry a•s•ts fund• fund8 B3 Inv•*¢m•nt a•40ts Dotajls 1.541S27 72 84 A¥••ts r•tsln•d for th• charfty• own u 85 Llabllltl•• Dètai15 S*ntd byc￿ Orkn￿ knJ*8•8 Prnrt Namo Dkte of 8 LAhDY CCXX R2 ￿¥￿Tr￿ {SSI Independent examinerfs report on the accounts Seclion A Independent Examiner's Report Report to the truste members of WILLIAMS FAMILY CHARITABLE TRUST On accounts for the year ended 31- DECEMBER 2021 Charlty no (If any) 255452 Set out on pages Pages 1 & 2 of CC16a Rospectlve The charivs trustees are responsible for the preparation of the accounts. r•8ponslbilitlos of The charity's trustees c￿sider that an audit is not required for this year trustees and examinar urKler section 144 of the Charities Act 2011 {th8 Charities Act) and that an independent examination Is needed. It is my responsibility to: examine the accounts ur¥J8r se(thn 145 of thè Charftles Ad. lo follow the procedures laid down In the general Directions giv8n by the Charity Commissw {under section 145(5Mb) of the Charities Act, and to state whether particuL8r matters have come to my attention. Basls of Indepondont My examination was carried out in accordance with general Directions 9iven examlnerfs statemont by the Charity Commission. An examination indudes a review of the accountirs rec(Kds kept by the charity and a comparison of the accounts pres8nted with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the trustees concemiNJ any such matters. The procedures und6rtaken do not provide all the eviden￿ Ihat would be required In an audit, and consequently no opinion is given as to whether the accounts present a arKI fair, view and th8 report is limited to those matters set out in the staternent bekAV. Independent In connectlon wlth my examination, no matter has come to my attentlon examlner's Statement 1. which gives m8 reasonable cause to believe that in. any material respect, the requirements: to keep accounting re(ths In 8￿X)rdan￿ with section 130 of the Charities Act: and to kyepare accounts which acojrd with the 3￿ntIng re(x)rds and omply with the accounting requirements of Charities Act have not been met: or 2. to vh)ith, in my opinion, attent￿n sh