THE ALEXANDER PIG0 WERNHER MEMORIAL TRUST AccoifNTS FOR THE YEAR ENDED 5 APRIL 2023 RegIsted Clwity No. 261362 118
Alexander Pigott Wernber Memori*l Trust Legal and %dmiDistrativ¢ inforniatiOD as at 5th April 2023 The Alexander Pigott Wernher Memorial Trust was constituted by the Will of the late Right Honourdble Alice Sedgwick Baroness Ludlow and is a registered charity, number 261362. Trusttts= Mrs F M Burnett of Leys Mrs M G Crawley CoDtsct address: Ley House Banchory Aberd¢¢nshi Scotland AB315QD BAnk¢rs: Lloyds Bank pl 25 Gresham Stre¢L London. EC2V 711N. Solieilon: Charles Russell & Co, 8-1 O New Fctter Lan4 London EC 4A IRS Independent Review . Mr lan Sharp (Accountant) The Sidings Burnett Park Banchory Aberdeenshire AB314AE
IndepeDdent EJaminer'$ Report ox the accounts for th¢ yr ended 5th April 2023 to the Truste£¥ of the Alexander Pigott W¢rnher Memorial Trust The financial ststements have been axamined in accordance with the Gert¢ral Dire¢tions given by the Charity Comrnissioners. Respectiv¢ r¢sponsibilitiÉ8 of the trnstees and examiner The charity's IceS arc rcspK)nsible for the preparation of the financial statements. B¢cause of the level of income received by the charity an audit is not required by the Charities Act 1993 but an independent examination is necessary. Basis of independent cxamin¢r's report I have carried out an aMination in accordance with the Genernl Directions given by the Charity Commissioners. The examination includes a review of evidence relevant to the amounts and disclosures in the finaDciai statements. It also includes an assessment of whether the accounting policies are appropriate to the charity's circumstance& consistently applied and ad4ua*ly disclosed. In carrying out the axamination all the infonnation and explanations which are considered necessary in order to provide sufficient evidence io give re&nable assurance that the financial swements are frtt from Material misstatement have been provided. Independent examlfj¢r'$ $tatemeDt In connection with my examination of the accounts for the year ended 5 April 2023, no matter has come to my attention which gives rne wse to believe that compliance with the requ1MentS of the Charities Act 1993 has not met and that the accounts do refiect th¢ charity's state of affairs for the accounting period. Mr lan Sharp Accountant The Sidings Burnett Park Banchory AB314AE 15. December 2023. 318
Report of the Trnstees of the Alexander Pigott Wernher Memorial Trnst for th¢ yar ended 5 April 2023 The trLeeS present their rep)rt along with the financial statements ofth¢ charity for the year ended 5 April 2023. The financial statements have ten prepared in accordance with the accounting w>licies set out on final pag¢ and comply with th¢ applicable law. Cons¢itstion and objects The Alexander Pigott Wernher Memorial Trust is constituted by the Will of the l¢ Right Ilonourdble Alice Sedgwick BaroDess Ludlow dated 2 January 1946 and is a registered charity. number 261362. The obj¢¢ts of the charity laid down in the Will are to provide funds to assist in research iowards ihe prevention and cure of blindness and deafness. Grnnt making poli 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 ofthe resCah objectives set out in the Will. Donations be made towards research fellowship& relevant research projects including the purchase of equipment for use with research inio the prevention or cure of eye and hearing disorders. Reviews of the funds available for donations are carried out during the year and before the end of each accounling period. During the year ended 5 April 2023. the Trustees made £47,667 donations from surplus fvnd Investment pollcy The charity follows a prudent poliq of maintaining investments which provide regular annual income to fund donation Trnslees, responsibilities IA relatiox to the finaD¢lal statemeDts Law appli¢able to charities in England and Wales requires the trustees to prepare financial statements for ea¢h financial year which give a tru¢ and fair view of the charity's financial adiviti¢s during the year and of its financlal position at the end of the year. In prepamg those financial statements the trustees are required to: select suitable accounting p)licics and then apply them CnsiStentIy. state whether applicable accounting standards and statements of r0MMended practic¢ have been followed subject to any departures disclos&l and explain in the financial ststem¢nts: and prepare the financial statements on the going concern b&8is unless it is inappropriate to presume that the charity will continue 418
The trustres are restK)nsibl¢ that financial statements comply with Charities Act 1993. They ar¢ also restx)nsible for safeguarding the assets of the charity and hence for taking r&wnable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by: Fiona Burnett of Leys. Date.. 518
THE ALEXANDER PIG0 WERNHER MEMORIAL TRUST INCOME AND EXPENDTfuRE ACCOL FOR THE YEAR ENDED S APRIL 2023 Th¢ notes on final page frirni part ofthese accounts Not 2022 2023 tNCOME Investment Income 30.000 33,400 Interest IlJ)3 2.105 Totsl 32,3 35,505 Office expenses and bank Charges 108 Surplus of Income over Ex&ItU 32,IK)3 35,397 Payments lo: 2022 . Moorfield Hospital {50,0(KI) 2023 . Moorfield Hospitsl £47.167 Viable l Behold £5(Kl (47.667) (tkficitysurplus on LnrA)me & Exp. (17,997) (12,770) The notes on final page forn) part of these accounts.
THE ALEXANDER PIG0 WERNHER MEMORIAL TRUST BALANCE SHEET AS AT 5 APRIL 2023 Notes 2022 2023 ASSETS." Investments at Cost 48.442 48.442 Loan- Banthory Trust 50.0 50.000 Balance at Bank (Lloyds Bank) 66,086 53.816 Totsl: 164.528 152,258 CAPITAL ACCOUTr 164,528 152,258 The notes on final page forn) part of these accounts 718
THE ALEXANDER PIG0 WERNHER MEMORIAL IRUST Notes to the A¢wunts 5 April 2023 ACCOUFtrING POLICIES These financial statements have been prepared under the historical cost convention. Investm¢nts are stated at cost in the balance sheet. In preparing the financial ststem¢nts the charity follows best prxtice as laid down in the Statement of Recommended Practice-Accounting and Rewrtlng by Charities- (SORP 2000) issued in October 2000. tNVESTMENTS & INCOME THEREFROM Investment incom¢ is a¢¢ounted for in the peri(xJ in which the charity is entitled to receipt. Holding al 5.423 Investments Cost Gross InL 40,000 M & G Cknfimds 48,442 33.400 Total 48.442 33,4(K) CAPITAL ACCOL 2022 2023 Balance at 6 April 2022 182,525 164,528 IncomXp. Account (17,997) (12270) Bal at 5'April 2023 164.528 152.258 818