## **Trustees' Annual Report for the period** ## **From** Period start date Period end date **To** Day 21 Month June Year 2021 Day 20 Month June Year 2022 Section A Reference and administration details March **2012** **TAR** 1 ## **Charity name** THE WYNDHAM CHARITABLE TRUST ## **Other names charity is known by** ## **Registered charity number (if any)** 259313 **Charity's principal address** March **2012** **TAR** 2 34a, Westfield Road, ## Lymington, ## Hampshire **Postcode SO41 3QA** ## **Names of the charity trustees who manage the charity** **Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)** March **2012** **TAR** 3 1 John Gaselee Juliet Gaselee John Gaselee David Gaselee Ditto 2 3 4 Sarah Gaselee Ditto 5 March **2012** **TAR** 4 TAR March 2012 io li 12 13 14 TAR March 2012 15 16 17 18 19 TAR March 2012 20 ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** ## **Name Dates acted if not for whole year** March **2012** **TAR** 8 ## **Names and addresses of advisers (Optional information) Type of adviser Name Address** **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Settlement dated 20 June 1969 Trust Deed Type of governing document (eg. trust deed, constitution) How the charity is constituted (eg. trust, association, company) Trustee selection methods (eg. appointed by, elected by) March **2012** **TAR** 9 John Gaselee has the power of appointing during his life ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** ## **Summary of the objects of the charity set out in its governing document** To benefit such bodies associations and organisations as the trustees in their absolute discretion think fit ## **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** The Wyndham Charitable Trust is a straightforward small family trust. The founder set it up, more than 50 years ago, primarily to handle his charitable giving during his lifetime – and to continue afterwards. The initial endowment was £1, but, over the years, additions have been made to it, particularly in more recent years. As can be seen from the accounts, the figure is approaching £3 million – invested in five funds designed specifically to meet the needs of charities, with no outgoings from the Trust’s funds to service the investments. While it is an ‘expendable’ endowment, it is the practice of the trustees to leave it undisturbed, since any realisation would result in reduced investment income in the future. In the same way, the trustees are not too concerned by temporary changes in the value of the investments, taking the view that it is the income generated which is important and, over the long term, if income increases, over time, the capital value, also, can be expected to rise. Some trustees have a particular interest in certain charities, but the overall approach of the Trust is to contribute funds to charities which help people who are in some kind of trouble – or to try to help them to avoid trouble. Helping to stamp out modern-day slavery, and contributing to fund the work being undertaken against cancer, are two examples. Funds are also given to help prisoners, those with leprosy, or who need practical assistace in this country to put food on the table. To comply with the guidance issued by the Charity Commission on public benefit, the trustees only make grants/donations to charities which they believe adhere to that guidance. As mentioned above, the bulk of outward payments are to charities which aim to help those in trouble (or potential trouble) in a wide variety of situations. A full list of the charities which have been given financial assistance is included in this report. The trustees wish to record their gratitude to Promomagic Ltd for continuing to provide pro bono services in connection with the Trust’s website. The trustees continue to be most grateful to Mr Ian Nelson for his role as the Trust’s Honorary Independent Examiner, which has continued over a long period. March **2012** **TAR** 10 Covid, with working from home for so many, resulted in a slowing-down of many aspects of business and private affairs. The situation, so far, is by no means back to ‘normal’, with some charities taking a significant time to present the Trust’s cheques for payment. One positive feature is that many meetings which in pre-Covid days were held ‘in person’ are now available, as well, on-line. This can prove useful when it would not be practical to attend the meeting in pertson. You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance March **2012** **TAR** 11 Section D Achievements and performance **Summary of the main achievements of the charity during the year** It was a good year for the Trust – and, no doubt, would have been even better without Covid. Income from all sources was at a record level, and this enabled the trustees to donate more than £100K in a year for the first time. Nevertheless, it was not all good news. Warning had been given that income from the Sarasin investment would be less than in the previous year. The Property Fund managed an increase in income, having suffered to some extent in earlier years from tenants feeling the financial effects of Covid. All the new donations of capital since 2018-2019 have been invested in the COIF Global Equity Fund. As a result, it continued to provide a useful increase in income. Initially, the trustees under-estimated the level of income which would be achieved during the year, and set the outward donations accordingly. When it became clear that those estimates would be exceeded, additional donations were made to a few of the charities. These included contributions to the Friends of a hospital, and to a hospice, in the area of two of the trustees, together with a facility providing free food and essentials to those in need. Support Anti-Slavery International, also, was increased. ## **Section E Financial review** March **2012** **TAR** 12 **Brief statement of the** There is a revenue reserve so that, if necessary, in any year **charity’s policy on** more can be paid out than has been received. (The Trust does **reserves** not anticipate having significant expenses) **Details of any funds materially in deficit** **Further financial review details (Optional information)** - You **may choose** to include Investment policy is simply to secure rising income over the - additional information, years. It is not the current intention to realise capital to increase - where relevant about: the level of donations made - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. Taking one year with another, the trustees aim to distribute the income received. The Trust does not make long-term funding commitments. If money does not come in, it cannot be given away. If thought desirable, investment funds could be realised The Trust invests in professionally managed collective investment vehicles which either are charities or are designed for charities. In this way, diversification is achieved. Such investments are not in the ‘high risk’ category ## **Section G Declaration** ## **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** March **2012** **TAR** 13 **Full name(s)** John Gaselee Juliet Gaselee **Position (eg Secretary, Chair, etc)** Trustee Trustee ## **Date** March **2012** **TAR** 14 **Charity Name No (if any) The Wyndham Charitable Trust 259313** **----- Start of picture text -----**
The Wyndham Charitable Trust 259313
Receipts and payments accounts
For the period Period start date Period end date
To
from 21-Jun-21 20-Jun-22
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Dividends, distributions, etc. 95,622 - - 95,622
Bank and deposit interest 37 - - 37
Additional Settlements incl Gift Aid 137,500 - - 137,500
Donations 1,745 - - 1,745
- - - -
- - - -
- - - -
- - - -
234,904 - - 234,904
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
Sales of donated shares - -
- - -
Sub total - -
Total receipts 234,904 - - 234,904
A3 Payments
Donations 102,550 - - 102,550
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 102,550 ] - - 102,550
A4 Asset and investment
125,000 125,000
purchases, (see table)
Net deposit A/c tsfrs - -
- - -
Sub total [ 125,000 ] - - 125,000.00
Total payments 227,550 - - 227,550
Net of receipts/(payments) 7,354 - - 7,354
A5 Transfers between funds - - -
A6 Cash funds last year end 26,364 - - 26,364
Cash funds this year end 33,718 - - 33,718
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period** ||||**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**| |---|---|---|---|---|---|---| |**Categories**|**Details**|||**funds**|**funds**|| |||||**to nearest £**|**to nearest £**|| |**B1 Cash funds**|Bank of Scotland Current a/c
**_Total cash funds_**||


|**33,718**
**-**
**-**
**33,718**|


|**-**
**-**
**-**
**-**| ||(agree balances with receipts and payments
account(s))||OK||OK|| ||||**Unrestricted**||**Restricted**|| |||||**funds**|**funds**|| |**B2 Other monetary assets**|**Details**
COIF Deposit acount|||**to nearest £**
**31,000**|**to nearest £**
**-**|| ||||
|**-**
**-**|
|**-**
**-**| |||||**-**||**-**| |||||**-**||**-**| |||||**-**||**-**| ||**Details**||**Fund to which**
**asset belongs**||**Cost**|**(optional)**| |**B3 Investment assets**|43,762.323 Charifund Dist units|||**Expendable**||**416,870**| |||||**Endowment**||| ||77321.858 Black Rock Charishare||Ditto|||**251,632**| ||238906.581|The Charities Property Fund|Ditto|||**259,000**| ||696202.029|Sarasin Endow Fund ClassA|Ditto|||**600,000**| ||198614.83 COIFGlobal Equity Inc Inc units||Ditto|||**447,000**| |**B4 Assets retained for the**|**Details**||**Fund to which**
**asset belongs**||**Cost**
|**(optional)**
**-**| |**charity’s own use**||||||**-**| |||||||**-**| |||||||**-**| |||||||**-**| |||||||**-**| |||||||**-**| |||||||**-**| |||||||**-**| ||||**Fund to which**||**Amount due**|| ||**Details**||**liability relates**||**(optional)**|| |**B5 Liabilities**|||||
|**-**
**-**| |||||||**-**| |||||||**-**| |||||||**-**| |Signed by one or two trustees on
behalf of all the trustees||Signature||Print|Name|| |||||John Gaselee||| |||||Juliet Gaselee||| **----- Start of picture text -----**
CC16a
**----- End of picture text -----**
**Last year** ## **to the nearest £** **----- Start of picture text -----**
88,787
12
43,000
1,521
-
-
-
-
133,320
**----- End of picture text -----**
**----- Start of picture text -----**
95,280
-
95,280
228,600
**----- End of picture text -----**
**83,780 83,780** 135,000 **109,000 135,000 9,820 - 16,544 26,364** ## **Endowment funds** **to nearest £ - - -** OK **Endowment funds to nearest £ - - - - - -** **Current value (optional) 649,752 509,020 344,455 780,442 475,841** **Current value (optional) - - - - - - - - - When due (optional)** Date of approval CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Independent Examiner's,RÈport Report to the trusteesl The Wyndham Charitable Trust members of On accounts for the year ended 20 June 2022 Charity no 25931) lif any) Set out on pages I report to the trustees on my examination of the accounts of thLi above charity Ilhe Trust") for the year ended Responsibilities and As the ¢harity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the ctri￿arItieS Act 2011 {"the Act"). I report in respert of my examination of the Trust's accounts cai'ried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charily C ()mnii5sion under section 145(51(b) of the Act. I have completed my examination. I confirni that no material matters havè come lo my attention l in coii"iectlDlI with the examination which gives me cause to believe that In. any nialerial Tesped. accounting records were not kept in accordance witb sp.I:lion 130 of the Act or the accounts do not accord with the acGounting records Independent examiner's ststsment I have no Concems and have come across no other matters iri c.onnection with the examination to which attention should be drawn in ordir to enable a proper understanding of Ihe accounts to be reached. Please delete Ihe words in the brackets if Ihey do not 8ppIy Date: , Signed: Name: IAN NELSON Relevant professional qualificationls) or body lif any): Institute of Chartered Accountants in England and Wales Address: 9 Win￿nt Road, Stoke d'Abernon. Cobham. Surrey, KT11 3JA IER 0c-.ober 2018