THE WILLIAMS FAMILY CHARITABLE TRUST
Report of the trustees for the year ended 31 Dec 2023
The trustees present their report along with the Receipt and Payment accounts of the charity for the year ended 31 December 2023. 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 ENGLAND ANO WALES IMlllam• FmlhT Ch•rltsbl• Tnt 255452 Receipts and payments accounts CC16a Forth• porhod from To 01dqn-23 Section A Receipts and payments Unrestrlded lund* R•stiiGt•d funds Endowrnont fund% Total fundg Last ygar loth• r•v••t£ IK) Ih nMr••i£ A1 R•c•l t¥ 51,010 D"vhdend8 and Inlern•i $112S Sub tot•l(Gmss income brAR) .12S SJ,125 81,016 A2 A8¥•t and InTM•lm•nt ••l••, tabk• . Sub tot•1 Totslrnc•lpts 53.125 J112S 51.016 A3Pa gnt• •oo EXPENtsES 750 tMSTPJ8Lmi Sub tot•1 97,159 A4 A•W and Inv•stm•nt pur¢ho8e8, IM• tabhl total Totalp•yments $7.159 57.lfg 3S.929 Not olr•c•lpts4p•ym•nts) AS Trtnsf•r¥ b•tween fund• A8 Cash lunds la•t ygar •nd Ca$h funds thls y••r •nd 4.034 4.034 15,087 60.139 50.103 60,139 45,OS2 60,139 50,105 CCXX R1 •cxowJnts (SSI 2810512024
Section B Statement of assets and liabilities at the end of the period Unrestrfcted fund5 to Mw••t£ Restrfcted funds Endowment funds Cat•gorf•• Delai15 B1 Cash lund• Tol•lcash $0.105 Unn•irf¢t•d lund• R••trfGt•d fvnd• Endowrn•nt nds toY•ar••t £ Details B2 Oih•r Mtytary a•••t• Cwr•rt v•1 OrtallB CCIF 14.211 83 Inv••tm•nl ••••ts 17.333 4,001 1,421.750 Cwr•r4 v•lu• Detjll B4 A•••ts r•taln•d th• ¢harlty'• ty Details Il•¥llty 85 Llabllltl•• S¥aned by ona or trustèos on bohaw of al the Iwstg88 Date of approv81 CCXX R2 8crwnts (SSI 2810512024
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Sectlon A Independent Examiner's Report Report to the trustsesl members of WILLIAMS FAMILY CHARITABLE TRUST On accounts for the year ended 31 DECEMBER 2023 Charlty no (If any) 255452 Set out on pagos 1 and 2 of CC16a I report to the trustees on my examination of the acry)unts of the above charty (1he Trust-) for the year ended 3111212023. Rosponslbllltles and As the charity tnjslees of the Trust. you are responsible for the prepardtion basis of report of the accounts in accordan with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's 8¢4J)unts carrfed out under section 145 of the 2011 Act and in carying oui my examination, I have followed the appli&8ble Directions given by the Chanty Commission under seth'on 145(51(b) of the AGL I have completed my examinati(x). I confjmi that no matédal matters have come to my attention (other than that disclosed below") in connection with the examination which gives m8 cause to believe that in, any material respect.. accounting records were not kept in accorrlance with section 130 of the Act or th6 accounts do not acc<)rrl vrith the acc<)unting records Independent examiner's statement I have no ConMS and have come across no other matters in i))nneGtion with the examination to which attention should b8 drawn in order to enable a proper understanding of the accounts to reached. ' Please delete the in the brackèts rf they do not apply. Slgnod: 2810512024 Name: G HOCHMUTH ACA Relevant profes$lonal quallflcatlonls) or body (If any): ICAEW Address: 81 Hlghfield Drlve Littl•port Ety C86 1GA IER October 2018