## THE WILLIAMS FAMILY CHARITABLE TRUST Report of the trustees for the year ended 31 Dec 2022 The trustees present their report along with the Receipt and Payment accounts of the charity for the year ended 31 December 2022. 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, CHARITY COMMISSION FOR ENGiANO AND WALES Illtlns F￿lty Ch¥ltab* Tn¥t Receipts and payments accounts CC16a For thg wlod To 01.01.2022 J1.12.2022 Section A Receipts and payments Unre8trietèd lund• Restricted lund• EndowmÈnt fund• Total lund• toth• M*rn•t£ thth• r•MrnBt É knth• ￿T¥￿t£ to nMr••t£ A1 Recel CYVICEND8 ItrITERE$T fj1.01fj 41.144 Unb•nknd don•llov• Sub tot•lfGn>ss income for ARJ A2 A•••t Ind In¥Mtm•nt •al••. {M• tsbl•l. 51.018 11.016 4(144 Sub fo 51.010 46.144 A3P* ACC¢￿￿TANCy 17 EXPENSES OWThWn¢)N8 37,700 14.750 14,750 Sub total ¥929 ¥828 Sub tot•1 J5.920 30.625 Not of rn¢•lpW(paym•nts) A6 Transftrrn b•twO￿ fvnd8 A6 Ca•h fund• I￿t ye*r end Cash funds thi$ y8*r end 1S. 7.519 45.052 60.139 45.052 60.139 37,533 45,052 CCXX R1 •¢D)unts ISS Section B Statement of assets and liabilities at the end of the period Unrt5tricttrd Restricted funds Endowment fund8 i¥yvi to raregtt 10.IlX 81 Caoh fund• Total Cash lunds 80,10 Unrn¥tr5thd RMtrlct•d fuDd• Ertdowment fund• T￿r*￿£ Detsi Fund to 4•*lch Cuft•thi v￿11* D•tsi CalF B3 InvMtm•nt u••ts lJrtmtrkt•d 14,211 C¢YF Er*lo*m•nt 02,900 oR￿NARy SHAAes 7.865 PATHBONES IAAP14aEO PQRTFOLIO Endowm•nl 1,4JI.0S4 Fund to Doiall8 ¢a•t Cu¢r•tht¥•lu• 84 A*$￿ rnt*lnod for th• charlty's own u Fund tQf**lch *ThountthJ• Whon du• BS Uabllltle• Signed by one or InJs1088 on ehalf of the trustee$ D8le ol rov81 SwJnature Prfnl Name ewDY CCXX RZ accounts ISSI C6K17r2023 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to the trust••sl members of WILUAIAS FAMILY CHARITABLE TRUST On accounts for the y•ar ended 31 DECEMBER 2022 Charity no {If any) 255452 Set out on pag Pages 1 & 2 of CC16a I report to the trustees on my examination of the accounts of the above chanty (Ihe Trust") for the year ended R•sponslbllftle8 and As the chanty trustees of the Trust. you are responsible for the preparation basis of report of the a¢￿Unts in accordance wilh the requirements of the Charit188 Act 2011 (Ihe Acr}. I report in re$￿t of my examination of the Trust's accounts carried out under séction 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charrty Commission under section 145{51(b} of the Act. I have completed my examination. I confimi that no material matters have come to my attention in connection wrth the examination which gives me use to believe that in, any material respect.. accounting records were not kept in acwdance wrth section 130 of the Aci or the accounts do not accord with the accounting records I have no concems and have corne across no other matter8 in connection with Ihe examination to which attention should te drawn in order to enable a proper understanding of the accounts to be reached. Indepondent examinerfs statsment Slgned: Dat•: 1910612023 Name: G HOCHPIJUTH ACA Relevant professlonal qualificationls) or body (if any): ICAEW Addr￿•. 81 Highfield Drive Littleport Ely CB6 1GA Section B Disclosure Only complete rf the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018 Give here brlof detalls of any it•ms that the examiner wish08 to disclosè. IER October 2018