**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:
- (a) select suitable accounting policies and apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
- (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;
- (d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
- (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**
- 2 -
## **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:
- I. examine the accounts (under section 145 of The Charities Act);
- 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
- 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:
- I. which gives us reasonable cause to believe that in any material respect the requirements:
- i. to keep accounting records in accordance with section 130 of the 2011 Charities Act; and
- 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
- 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
- 3 -
## **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.
- 4 -
## **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.
- 5 -
**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|
|---|---|
- 6 -
## **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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