Registered Charity Number: 257219
THE WYSELIOT ROSE CHARITABLE TRUST (FORMERLY THE WYSELIOT CHARITABLE TRUST)
TRUSTEES REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
Friend-James Limited Chartered Accountants
4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN1 6AF
THE WYSELIOT ROSE CHARITABLE TRUST
TRUST INFORMATION
| Date of creation | 19 August 1968 |
|---|---|
| Settlors | Julia Eda Rose (known as Dula Rose) |
| Hugh Herbert Rose (funds introduced 1984, 1990 and 1992) | |
| Emma Rose Legacy (funds introduced £900,014 in 2016) | |
| Trustees | Jonathan Hugh Rose |
| Adam Eliot Geoffrey Raphael | |
| William Fergus Rose | |
| Lucy Estel Rose | |
| Registered address | 17 Chelsea Square |
| London | |
| SW3 6LF | |
| Charity number | 257219 |
| Bankers | NatWest Bank plc |
| Brighton, Castle Square Branch | |
| 8 - 11 Pavilion Buildings | |
| Castle Square, Brighton | |
| BN1 1DP | |
| Stockbrokers | Royal Bank of Canada Investment Management (U.K.) Limited |
| Riverbank House | |
| 2 Swan Lane | |
| London | |
| EC4R 3BF | |
| Accountants | Friend-James Limited |
| 4th Floor, Park Gate | |
| 161-163 Preston Road | |
| Brighton | |
| East Sussex | |
| BN1 6AF | |
| Solicitors | AshtonKCJ |
| 81 Guildhall Street | |
| Bury St Edmunds | |
| Suffolk | |
| IP33 1PZ |
THE WYSELIOT ROSE CHARITABLE TRUST
CONTENTS
| Trustees' Report | 1 - 2 |
|---|---|
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 - 7 |
THE WYSELIOT ROSE CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2021
The trustees present their report along with the financial statements of the charity for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the charity's trust deed and applicable law.
Trustees
Serving trustees are detailed in the Trust Information page. Appointment of trustees is governed by the Trust Deed of the charity. The trustees are authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Investment powers
The Trust Deed authorises the trustees to make and hold investments using the funds of the charity. These powers are unrestricted.
Constitution and objects
The charitable trust is constituted by a Trust Deed, and the trustees have absolute discretion to apply the funds for charitable purposes.
The trustees are responsible for the day to day running of the trust.
The charitable purposes of the trust is to support charities of national significance; promoting health or the saving of lives, the arts, the relief of those in need by reason of age, ill-health, disability, or other disadvantage.
Development, activities and achievements
Total donations of £129000 were distributed amongst 31 charitable concerns.
Financial review
Income derived from the trust's investments was in line with prevailing market conditions therefore the trustees consider that the funds available are sufficient to permit the trust to continue in operation for the foreseeable future.
Risk management
The trustees actively review the major risks that face the charity on a regular basis and believe that maintaining reserves at current levels will provide sufficient resources in the event of adverse conditions.
Reserves policy
It is the policy of the charity to maintain capital funds and distribute income.
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THE WYSELIOT ROSE CHARITABLE TRUST
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021
Statement of trustees' responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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(a) select suitable accounting policies and apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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(d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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(e) observe the methods and principles in the Charities SORP.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees on ……………………………………… and signed on their behalf.
……………………………………
Trustee
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THE WYSELIOT ROSE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WYSELIOT ROSE CHARITABLE TRUST
We report on the accounts of the trust for the year ended 5 April 2021, which are set out on pages 4 to 7.
Respective responsibilities of trustee and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination report is needed.
It is our responsibility to:
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I. examine the accounts (under section 145 of The Charities Act);
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II. follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and
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III. state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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I. which gives us reasonable cause to believe that in any material respect the requirements:
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i. to keep accounting records in accordance with section 130 of the 2011 Charities Act; and
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ii to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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II. to which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…………………………………….. ……………………….. For and on behalf of Date Friend-James Limited 4th Floor, Park Gate Chartered Accountants 161-163 Preston Road Brighton East Sussex BN1 6AF
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THE WYSELIOT ROSE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| Notes Incoming resources Listed UK investment income Stockbrokers interest Bank deposit interest Total incoming resources Resources expended Grants payable 5 Costs of generating funds 4 Total resources expended Net incoming/(outgoing) resources Realised gain/(loss) on investments 2 Unrealised gain/(loss) on investments 2 Net movement in funds Total funds brought forward at 6 April 2020 Total funds carried forward at 5 April 2021 3 |
2021 2020 £ £ 103,181 139,474 - 31 30 119 103,211 139,624 (129,000) (129,000) (3,609) (4,145) (132,609) (133,145) (29,398) 6,479 173,387 - 315,820 (625,201) 459,809 (618,722) 2,245,370 2,864,092 2,705,179 2,245,370 |
|---|---|
There were no recognised gains or losses other than those included in the Statement of Financial Activities.
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THE WYSELIOT ROSE CHARITABLE TRUST
CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021
| Notes Fixed assets Investments 2 Current assets Balance at bank 56,531 56,531 Net current assets Capital Unrestricted funds 3 |
2021 2020 £ £ 2,648,648 2,159,441 85,929 85,929 56,531 85,929 2,705,179 £ 2,245,370 2,705,179 2,245,370 2,705,179 £ 2,245,370 |
|---|---|
Approved by the Trustees and signed on their behalf.
……………………………………
Trustee
The notes on pages 6 and 7 form part of these accounts.
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THE WYSELIOT ROSE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified for the revaluation of fixed assets, and include the results of the Charity's operations which are described in the Trustee's Report and all of which are continuing. The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective from 1 January 2015, the Charities SORP (FRS 102), and the Charities Act 2011.
The trust meets the definition of a public benefit entity under FRS102.
Investment income
Investment income is credited to the income and expenditure account when received.
Grants
All grants allocated or paid during the year have been charged to the income and expenditure account. It is also the policy of the trustees to provide for all grants approved for allocation in future years
| 2 Investments Market value at 6 April 2020 Disposal Additions Realised gain/(loss) on investments Unrealised gain/(loss) on investments Market value at 5 April 2021 Historical cost 3 General Fund Brought forward Net incoming resources for the year Realised gain/(loss) on investments Unrealised gain/(loss) on investments 4 Cost of generating funds Professional fees Bank charge Stockbrokers fees |
2021 2020 £ £ 2,159,441 2,784,642 (599,000) - 599,000 - 173,386 - 315,820 (625,201) 2,648,648 2,159,441 2,021,829 1,852,407 2021 2020 £ £ 2,245,370 2,864,092 (29,398) 6,479 173,387 - 315,820 (625,201) £ 2,705,179 £ 2,245,370 2021 2020 £ £ 1,032 1,248 80 110 2,497 2,787 £ 3,609 £ 4,145 |
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THE WYSELIOT ROSE CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021
| 5 Grants Alzheimer's Research UK Andover Child Contact Centre Arthroplasty for Arthritis Avenues Youth Project Brains Trust Brockwell Park Community Greenhouses Centrepoint Soho Child Action Nepal Crohns Cystic Fibrosis Trust Enham Trust Fare Share Gingerbread Haven Interact Stroke Support International Glaucoma Association Kind Macmillan Cancer Support Mind - National Association for Mental Health Musicians Benevolent Fund Prostate Cancer UK Retina UK Revitalise Royal College of Music RP Fighting Blindness Runnymede Trust S.C.A.T St Clement & St James Comm Dev Project St Mungo's Trust Street Games Time & Talents Association The Arts Fund Trail Blazers Trinity Hospice |
2021 2020 £ £ 5,000 5,000 2,000 2,000 4,500 4,500 5,500 4,500 3,000 3,000 4,500 4,000 4,500 4,000 - 2,500 4,000 4,000 4,000 4,000 3,500 3,500 6,000 5,000 5,000 4,000 5,000 5,000 3,500 3,500 2,500 2,500 4,500 4,000 3,500 3,500 6,000 5,000 4,000 3,500 4,000 4,000 4,000 - 4,000 4,000 5,000 5,000 - 3,000 2,000 3,000 - 3,000 4,000 4,000 4,500 4,000 4,000 6,000 7,000 6,000 3,000 3,000 3,000 3,000 4,000 4,000 £ 129,000 £ 129,000 |
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