THE ALEXANDER PIGOTT WERNHER MEMORIAL TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 Registered Charity No. 261362
Aleiander Pigott Wernher Memorial Trnst Legal Alld administrative inforniation as at 5th April 2022 Th¢ Alexander Pigott Wernher Memorial Trust was cottgtituted by the Will of the late Right Honourable All Sedgwick Baroness Ludlow and is a retsred charity, number 261362. Trustees: Mrs F M Burnett of Leys Mrs M G Crdwley Contact addres$: Ley House Banchory Aberdeenshire Scotland AB315QD BAnkers: Natwest Bank plc, PO Box 12258 I Princes StreeL London EC2R 8PA Soliefitors: Charles Russell & Co, 8-10 New Fetter Lane, London EC 4A IRS IndeEndent Review . Mr Ian Shary (Accountant) The Sidings Burnett Park Banchory Ab¢rdeenshire AB314AE
Independent Examiner's Report on the accounts for the year eDded 5th April 2022 to the Trustees of the Alexander Pigott Wernher MeDJorial Tnt The financial statements have been examined in accordance with the General Directions given by the Cllarity Commissioners. Respective responsibilities of the trustrt8 and euminer The charity's trustees are rynsible for the preparation of the financial statements. Because of the level of income received by the charity an audit is not required by the CEwities Act 1993 but an independent examinWon is necessary. Basis of independent examiner's report I have carried out an examination in accordance with the General Directions given by the Charity Commissioners. The examination includes a review of ¢vidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of whether the accounting )I]c]eS are appropriate to the charity's circumstsnces, consistently applied and adequately disclosed. In Carrying out the examination all the inforn)ation and explanations which are Considered necessary in order to provide sufficient evidence to give reasonable assurance that the financial statements are fe from material misstatement have been provided. IndepeDdeDt ¢xAnJin¢r's statement In Connection my examination of the accounts for the year ended 5 April 2022, no matter has come to my attention which gives me Ca8¢ to believe that compliance with the requirements of the Charllties Act IW3 Iw not been met and that the accounts do reflt the charity's State of affairs for the accounting period. Mr Ian Sharp Accountant The Sidings Burnett Park Banchory AB314AE 2P January 2023.
Report of the Trnsttt5 of the Alexander Pigott Wernber Memorial Trust for the year ended 5 April 2022 The trustees present their report along with the financial statfflnents of the charity for the year ended 5 April 2022. The fllMi¢ial slatements have been prepared in accordance with the accounting FK)licies set out on fiDal page and comply with the applicable law. ConstitntioD and objeets The Alexander Pigott Wernher Memorial Tn1 is constituted by the Will of the late Right Honourable Alic¢ Sedgwick Baroness Lwllow dated 2nd January 1946 and is a registered charity, number 261362. The objects of the charity laid down in the Will are to provide funds to wist in research towards the prevention and cure of blindness aDd d¢thess. Grant making policy The charity receives applications from the various Institutions including other charities for donations to assist with funding research projects. These are reviewed against the specific criteria of the research objectives set out in the Will. Donations can be made towards research fellowships, relevant research projects includin8 the purchase of equipment for use with reSeah into the prevention or cure of eye and hearing disorders. Reviews of the funds available for donations are carried out durin8 the year and before the end of each accounting period. Durin8 the year ended 5 April 2022, the Tn£¢eS made £50,000 donations from sury)lus fund> Investwent policy The Charity follows a prudent }1¢Y of mointsining investments which prnvide re8ular annual income to fund donations. Trustees, responsibilities in relation to the fiD2D¢ial statements Law applicable to charities in England and Wales requires the trustees to prepare fthancial statements for each financial year which giv¢ a ffiie and fair view of the charity's financial adivities during the year and of its financial position at the end of the year. kn preparing those financial slatemenE the trustees are required to: select suitable accounting po]ici¢s and then apply them consistently: state whether applicable accounting standards and ststements of recommended practice have been followed subject to any deparwres disclosed and explained in the fjnancial statements: and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the chaTity wi]] continije
The trustees are responsible that financial statements comply with Charities Act 1993. 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. Approved by the In and signed on their bellalf by: Fiona Burnett of Leys. Date: .LOIS.
THE ALEXANDER PIGorr WEPNHER MEMORIAL TRUST INCOME AND EXPENDrruRE AccouKr FOR THE YEAR ENDED 5 APRIL 2022 The notes on fitd page forn] part of these accounts Notes 2021 2022 tNCOME Investment Income 25,800 30,000 2,003 Interest 2,021 Total 27.821 32,003 Less: EXPENDITURE Office expenses and baDk charges Surplus of Income over Expenditure 27,821 32,003 Payments to: 2021 . Moorfield Hospitsl {50,OfX)) 2022 . Moorfield Hospitsl (Glaucoma Research ) (50,000) (DeficitySuTplus on Income & Exp. (22,179) (17,997) The no*5 on final page forni part of these accounts.
THE ALEXANDER PIGorr WERNHER MEMORIAL TRUST BALANCE SHEET AS AT 5 APRIL 2022 Notes 2021 2022 ASSETS: Investments at Cost 48,442 48,442 Loan- Banchory Trust 50,IX)O 50,000 Balance at Bank Current aJ¢ £500 Instant Deposit £65,586 84,083 66,086 Total: 182,525 164,528 CAPITAL ACCOUNT 182,525 164,528 The notes on final page fonn part of these accounts
Notes to th¢ Accounts 5 April 2022 ACCOiTNTING POLICIES These fllwicial stat¢ments have been prepargj under the historical cost conventio Invesiments are stat¢d at cost in the balance sheet. In preparing the financial statements the charity follows best practice as laid down in the Slatement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2000) issued in October ?000. INVESTMENTS & INCOME THEREFROM Investh]ent income is accounted for in the period in which the charity is entitled to receipt. Holding at 5.4.22 IDvestments Cost Gross Ine. 40,000 M & G Charifunds 48,442 30,0(M) Totsl 48,442 30,0(X) CAPITAL ACCOUNT 2021 2022 Balance at 6 April 2021 204,704 182,525 IncoMe%p. Account (22179) (17,997) Bal at 5°April 2022 182,525 164,528