REGISTERED CHARITY NUMBER: 262251
EPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
DAME VIOLET WILLS - WILL TRUST
Lawes & Co UK Llmited (Statutory Auditors)
8oyce's Building
4042 Regent Street
Clifton
Bristol
BS8 4HU

DAME VI
WILLS - WILL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Page
Report of the Trustees
Rpport of the Independent Audltors
statement of Financlal Actlvlties
Balance Sheet
10
Notes to the Flnanclal Statements
11 10 18
Detailed Statement of Flnancial Actlvltles
19

DANE VIOLET WILLS- WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARC
2022
The trustees present their report with the financial statements of the charlty for the year ended
31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with
the Financial Reporting Standard applicable In the UK and 9epublic of Ireland IFRS 102) {effective 1
January 2019>.
OBJECTIVES AND ACTIVITIES
Main activitles undertaken to further the Charlfy's purposes for publlc beneftt
The Trust was eslablished under the will of the late Dame Violet Vvills, who dled on the 26th October
1964. In it she left the residue of her est?te to her TrusleÈs, giving them absolute discretion to make such
gifts to charitable instilulions, or for charitable purposes, as they see fit, out of income or capital. She
expressed the desire that the Trustees have spe¢ial regard to those charltable organisatlons and subjects
wllh which she had been particularly concerned during her lifetime.
The Trustees have determined thal the original capital endowment, as augmented by capital pmfils, shall
be retained as a Capllal Fund, and that grants and other expenditure of the Trust should g8n8rally be met
from accumulated income.
ACHIEVEMENT AND PERFORMANCE
Review of actlvltles
During the year, the Trustees made 45 grants totalling £83,750 (2021.. 44 grants totalling £78,382)-
The Trustees have fo15owed Ihe policy of givrng a smaller number of larger grants than in previous years.
with grant applications from organlsations warking in the flelds of children and medical preferred, ideally
with a d1￿ct link to the BristollGloucestershire/Somerset area. The net income for the year has been
added to reserves. ReseNes remain above the minimum level set by the Trustees, aamely one year's
grants.
The Trustees confirm that Ih8y have complied with their duty in section 17 of the Charities Act 2011 to
have due regard to the public ben8fit guidance published by Charity Commission for England and
Wales.
b. Investment pollcy and performance
The Deed of Trust empowers the Trustees io retaln 8ny Investments held at Dame Vloiers deaih.
Olhenmise the Trusteos are not subject to any restriclksns in relation to the management of the
investments. The Trust's investment portfollo recorded a gain In value of £126.301 (2021.. galn of
£692,937).
FINANCIAL REVIEW
a. Reserves policy
The Trustees do not intend to accumulate Income in the fvture, but believe that they should retain
sufficient ?ccumulated income from past years to meet the appr0￿mate level of grants for one year. At
the year end the balance on the unrestricted funds was £220,961 12021.. £188.696) and on the
endowment ftjnd the balance was £3,692.881 (2021: £3.583,482). Total funds were £3,913,642 12021:
£3,772,178).
Page 1

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
b. Golng ¢oncBrn
After making appropriate enquiries, the Trustees have a reasonable expectatlon that the Trust has
adequate resources to continue in operational existen￿ for the foreseeable future,
The Trustees are aware of the ongoing impact of COVID-19 in relation to the need of grantees. The Trust
has investments and does not rely on extemal ftjnders. Trustees will only make grants lo the level of
available funds. For this reason they continue to adopt the going concern basis in preparing the financial
statements.
Further details regarding the adoption of the going conc8rn basis Can be found in the Accounting Policies.
FUTURE PLANS
The Trust will continue to make g￿ntS in line w5th its objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity Is controlled by its governing document, a Deed of Trust. and constitutes an unSncorporated
charity.
b. Methods of appointmenl or election of Trustees
Trustees are appointed lo fill any vacancy that occurs. the optimum number belng regarded as three. New
Trustees are briefed by continuing Trustees regarding the history and objectives of the Trust.
c. Organisational structure and decislon-maklng policies
The TrtJslees meet three or four times a year to consider grant applications, and conduct any othei
business. On occasion decisions are made following telephone m*tings. The Deed of Trust empowers
the Trustees to charge for their professional lime expended on Trust affair5.
d. Rlsk assessment
The Trustees have considered the risks to whi¢h the Trust is exposed and consider tha Ihe Pro￿dureS in
force are sufficient to manage the foreseeable risks.ln considering the Trust's activities, the Trustees
have had regard to the Charty Commission's guidance on public benefit.
REFERENCE AND ADMINISTRAnVE DETAILS
Registered Charity number
262251
Principal address
Red Roof5
station Road
Flax Bourton
North Somerset
BS48 1 UA
Trustees
Mr T J Baines Chairman
Mr C M C Naughton
Mr C R G Biggin
Page 2

DAME WOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Audltors
Lwes & Co UK Llmited (Statutory Auditors)
Boyca's Building
40-42 Regent street
Clifton
Bristol
BS8 4HU
Advisers
Bankers
Triodos Bank
Deanery Road
Bristol
BS15AS
Invesbnent Advlsors
Smith & Williamson
Pothall Lane
Bristol
BSI 6NA
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordan￿ with applicable law and United lQngdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practi￿).
The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and
Reports) Rggulations 2008 and the provisions of the twst deed requlres the trustees to prepare financial
statements for eaGh flnancial year whlch give a true and fair view of the state of a*fairs of the charity and
of the Incoming resources and appllcallon of resour￿$, includin9 the incomè and 8xpendllure. of the
charlty for that perlod. In preparfng those finan¢ial statements, the trustees are required to
select suitable acctsunting pollcles and then apply them consistently,.
obseNe the methods and principles in the Charity SORP.,
make judgements and estirnates that are reasonable and prudeTrt;
prepare the financial statements on the going ¢<)ncem basls unless tt is inappropriate to presum& that
the Charity will continue in business.
The trustees are fesponsible for keeping proper accounting records which disdose with reasonable
accuracy at any time the financial posi1Son of the charity and to erable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
e provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for takirEg reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the persons who are Truslees at the lime when this Trustees, Report Is approvéd conflrnied that:
so far as that Trustee is aware. there is no relevant audit information of which the charity's auditors are
unaware, and
- that Trustee has taken all the steps that ought lo have been taken 88 a Trustee in order to be aware of
any relevant audlt information and to eslablish that the Charity's auditors are aware of Ihat Snf¢xmation.
Psge 3

DAME VIOLET WILLS- WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Approved by order of the board of trustees on 7 1
and signed on its behalf by..
Mr T J Baines- Trustee
Page 4

REPQRT O
INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS - WlkL TRUST
Opinlon.
We have audited the financial statements of Dame Violet Wills - Will Trust (the 'charity') for the year
ended 31 March 2022 which comprise the Staement of Financial Activities, the Balance Sheet and notes
to the financial statements, induding a summary of significant accounting policies. The financial reportlng
framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting
Standards (United Kingdom Gener811y Accepted Accounting Pra¢li¢el.
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2022 and ot its Incoming
resources and application of resources, for the year then ended-
have been properly prepared in accordance wth United lQngdom Generalty Accepted AcGounting
Practice., and
have been prepared in aGCOTdance with the requirements of the Charities Act 2011.
Basls for oplnlon
We condu¢ted our audit in accordance International Standards on Audiling IUKI IISAS IUKI) and
applicable law. Our responsibilities under those standards are further descrlbed in the Auditor5,
responsibilitles for the audit of the flnancial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant lo our audit of the financial
statements In the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibili156s In accordance with th￿e requlrements. We believe that the audit evidence we have
obtained Is sufficient and approprfate to provide 8 basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial statements, we have concluded that the tNstees' use of the going concem basis
of accounting in the preparation ¢)f the financial statements is appropriate.
Based on the work we have performed, we have not identifEd any materlal uncertainties relating to
events or eondits.ons that, individually or collectively. may cast significant doubt on the charity's ability to
continue as a going conGem for a pericd of at least ￿e1ve months from when the financial statements arè
authorised for issue.
Our responsibilities and the re8pon$ibllities of the trustees with respect to going concern are described In
the relevant sections of this report.
other Information
The trustees ar8 responsible lor the other Infomiatlon. The other information comprises the informatÈon
Included In the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the exlent
otherwise explicitly stated in our report, we do not express any fomi of assurance ¢on¢lusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other Information
and, in doing so, consider whether the other informatlon is materially Inconsistent with the financial
statements or OUT knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such matellal inconslstencies or apparenf material misstaements, we are rer4uired to detormine
whether this gives rise to a material misststement in the financial statements themselves. If, based on the
worf( we have performed, we conclude that there is a material misstatement of this other informatlon, we
are required t¢ report that fact. We have nothing to rep￿ in this regard.
Pag& 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS - WILL TRUST
Matters on whlch we are requlred to report by èxception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Report of the Trustees is inconsistenl in any material respect with the
financial statements., or
sufficient accounting records have not been kept.. or
the financial ststements are not in agreement with the accounting records and retums,. or
we have not received all the information and explanations we require for our audit.
Responslbllttles of trustees
As explained more fully in the Slaternent of Trustees, Responsibilities, the trustees are responsible for the
preparation of the financial statements which gwe a true and fair view, and for such intemal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the Inancial statements, the trustees are responsible for assessing the charity's abilky to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either Intend to liquidate the charity or tts cease
operations. or have no realistic alternative but to do so.
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS-
LL TRUST
Our responslbllltles for the audlt of the flnancial stat•ments
We have been appointed as auditors under Section 145 of tre Charitses Ad 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statement5 as a whole are
free from material misstatement. whether due to fraud or error, and lo issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audil conducted in a￿OrdanCe with ISAS (UK) will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected lo inlluence the economic decisions of
users taken on the basls of these financial statements.
The extent to vthich our procedures are capable of detecting irregularilies, Includlng fraud Is detailed
below..
We identlfy and assess the iisks of mlsstatement in the financial sL2tements, whether due to fraud or
error, and then design and perform audit proc8Surts responslve to those risks. This includes assessing
the risk of non-compllance of laws and regulations and management bias in accountin9 estimat￿.
We must also consider those laws and regulations that have a direct impect on Ihe preparation (rf the
rinancial statements 8u¢h as the Charities Act 2011.
Audit procedures perfomed by the engagement team Included, but were not limited to:
performing reconciliations of fund movements
reviewing documentation from third parties regarding investment valuations
reconciling income to bank movements
revipwlng the approach regarding risks to the Charlty
In conducting the work above, we apply due care and professional scepticism throughout. However, there
are limitallons within procedures outlined above and the risk of detecting a material misstatement due to
fraud is higher than the risk of not detecling one resulting from error 88 fraud may involve dellberate
concealment.
A further descrlption of our responsibilities for the audit of the financial statements IG located on the
Financial Reporting Gouncil's website at www.frc.org.uklaudltorsrèsponsiblllties. ThSs description forms
part of our Report of the Ir*Yependerrt A(Klitors.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS - WILL TRUST
Use of our report
This report is made solely to Ihe charity's trustees, as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regtrlations 2008. Our audit work has been undertaken so that we might stale to
the charty's Iruslees those matters we are required to state lo them in an auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity's trustee5 as a body, for our audit work, for this report. or for the opinions
we have fomied.
LJ/ I, Lll/ Ill
Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clitton
Bristol
BS8 4HU
Date:
Page 8

DAME VIOLET WILLS - WILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FORT
E YEAR ENDED 31 MARCH 2022
31.3.22
Total
funds
31.3.21
Total
funds
Unrestrtcted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Investment income
116,716
62
116,778
103,568
EXPENDITURE ON
RAlslng funds
17,164
17,164
14,207
Charltable activities
Grants
83,760
83,750
78,362
Other
701
701
1,113
Total
84,461
17,164
101,615
93,682
Net gains on investments
126.301
126,301
692.937
NET INCOME
32,265
109.199
141,464
702,823
RECONCILIATION OF FUNDS
Totsl funds brought fotward
188,696
3,583,482
3,772,178
3,069,355
TOTAL FUNDS CARRIED FORWARD
220,961
3,692,681
4913,642
3,772.178
The notes form part of these financial statements
Page 9

DAME VIOLET WILLS- WILL TRUST
BALANCE SHEEr
31 MARCH 2022
31.3.22
Total
funds
31.3.21
Total
funds
Unrestricted Endowment
fund
fund
Notes
FIXED ASSETS
Investments
3.624,423
3,624.423
3,583,293
CURRENT ASSETS
Cash al bank
223,062
68,258
291,320
190,985
CREDITORS
Amounts falling due within one year
10
{2,101}
{2.1011
12,100)
NET CURRENT ASSETS
220,961
68,258
289,219
188,885
TOTAL ASSETS LESS CURRENT
LIABILITIES
220,961
3,692,681
3.913,642
3,772,178
NET ASSETS
220,961
3.692,681
3,913,642
3,772.178
FUNDS
Unrestricted fund5
Endowment funds
11
220,961
3,692.681
188.696
3.583,482
TOTAL FUNDS
3,913.642
3,772.178
The financi21 statements were approved by the Board of TrusteES and authortsed for issue on
.10.77.... and were signed on tts behalf by..
Mr T J Baines- Trustee
The notes fomi part of these financial statements
Page 10

DAME VIOLET WILLS - WILL T
UST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES
Basls of preparlng the financlal ststements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP {FRS 1021 'Ac¢ounting and Reporting by
Charities= Statement of Recommended Practice applicable to charities preparang their a¢counls in
accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland
{FRS 102) {effective 1 January 2019),, Financial Reporting Standard 1Q2 'The Financial Reporting
standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial
statements have been prepared under the historical cost convention. with the exception of
investments whlch ar8 Included at market value, as modified by the rev81uation of ￿rtain assets.
crftlcal accounting judgements and key sources e! estlmation uncertalnty
Preparatlon of the financial Statements requires the TTUStees to make any significant estimates and
judgements where ne¢essary.
There were no significant estlmates of judgement during this or the prior year.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has
adequate resources to continue In operation existence for tlie foreseeable future and that there are
no material uncertaintles about its ability to continue. The Trust has invèstments and does not rely
on external funding. Trustees will only make grants to the level of available funds. For this reason
they oontinue to adopt the going concem basis in preporing the financlal statements.
Income
All income is recognised in the Statement of Financial Actiwties once the Charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Income tax recoverable In relation to investment income is recognised at the time investment
inGome is receivable.
Exp¢ndlture
Liabilities are recognised as expenditure as soon as thèrts Is a legal or constructive obllgation
committlng the charity lo that expenditure, It Es probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably- Expenditu￿ is
accounted for on an accruals basls and has been dassified under headings thal aggregate all cost
related to the category. Where costs canni)t be dlrectly attributed to particular headings they have
been all¢c8ted to activities on a basis consistent with the use of resources. Expenditure on
¢haritable activities is incurred Dn directly undertaking the activities which further th8 Charitvs
objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable
VAT.
Grants offered subject to condltlons which have not been met at the year end date are noted as a
commitment but I￿t awrued as expenditure.
Ralsing funds
Costs of generatlng funds are costs incurred in attracting voluntary income and investment
management costs. Charitable activities and Governance costs are ccsts Incurred on the Trusts
operations, including support costs and costs relating to the govemance of the Trust apportioned to
Gharitable aclivlties.
Page 11
continLted...

DAME VIOLEfwiLLS- WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES- continued
Interest recelvabl6
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the CHarity', this is normally upon notification of the interest paid or payable by the bank.
Taxatlon
As a registered Charity, the Trust is entttled to taxation exemptions on all income and gains
properly applied for its charitable purposes.
Fund accounting
General funds are unrestrlcted ￿ndS which are available for use at the dlscretion of the Trustees in
fvrtherance of the general objectives of the Charity and which have not been designated for other
purposes.The Trustees have determined that the original capital endowment, as augmented by
apital Profits, shall be retained as a Capital Fund, 2nd Ihat grants and other expenditure of the
Trust should generally be met from accurnulated income.
Investments
Investment5 are a form of financial instrument and are initially recognised at their transaction cost
and subsequendy measured at fair value at the Balanco Sheet date using the closing quoted
market price. The Statement of Financial Activities includes the net gains and losses arising on
revaluation and disposals throughout the year.
Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liqvid investments wtth a short
malurity of three months or less from the date of acquisition or opening of the deposrt or similar
account.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a
past event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
Charity anticipates it will pay to settle the debt.
INVESTMENT INCOME
31.3.22
31.3.21
Diwdends
Deposit account interest
116,622
156
103,286
282
116.TT8
103,568
Page 12
contlnued...

DAME VIOLET WILLS -
L TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THEYEAR ENDED 31 MARCH 2022
RAISING FUNDS
Investment management costs
31.3.22
31.3.21
Portfolio management
17,164
14,207
CHARITABLE ACTIVITIES COSTS
Grant
lunding of
activitles
(see note
Grants
83,760
GRANTS PAYABLE
31.3.22
31.3.21
Grants
83,750
78,362
During the year 45 (2021.. 44) Individual donalions We￿ made ranging in value from £500 to
£4,000, whlch were mainly for children's and medical Gharilies. Due to the number of donatlons il
has been considered impractical to include a full list here. A fvll analysis of donations is available
on request from the Trustees. Ail grants were to charilies registered with the Charity Commission
for England and Wales.
SUPPORT COSTS
Governance
costs
Flnance
Totals
other resources expended
15
2,186
2,201
Pege 13
contlnued...

DAME VIOLEf WILLS- WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES. REMUNERATION AND BENEFITS
Trustees received no remuneration or other benefits for the year ended 31 March 2022. nor for the
year ended 31 March 2021.
Trustees. oxpenses
Trustees, expenses amounted to £56 for the year ended 31 March 2022 (2021.. £40). These related
to postage and stationery.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment
fund
fund
Tolal
funds
INCOME AND ENDOWMENTS FROM
Investment income
103,568
103,568
EXPENDITURE ON
Raislng funds
14,207
14,207
Charitable actlvities
Grants
78.362
78,362
Other
1,113
1.113
Total
79,475
14,207
93,e82
Net gains on investments
692,937
692,937
NEf INCOME
24.093
678,730
702,823
RECONCILIATION OF FUNDS
Total funds brought forward
164,603
2,904,752
3,069.355
TOTAL FUNDS CARRIED FORWARD
188,696
3,583,482
3,772,178
Page 14
continued...

DAME VIOLEf WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2022
FIXED ASSET INVESTMENTS
investment
MARKET VALUE
Al 1 April 2021
Additions
Disposals
Revaluations
3,583,293
228,298
(313,469)
126,301
Al 31 March 2022
3,624,423
NET BOOK VALUE
At 31 March 2022
3,624,423
At 31 hdarch 2021
3.583,293
The orlginal cost of these investments was £2,289,894 (2021.. £2,287.970).
Cost or valuation at 31 March 2022 is represented by..
Listed
Investment
Valuallon in 2022
Cost
1.334l529
2,289,894
3,624,423
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
31.3.21
Trade creclitors
Other creditDrs
2,100
2,10Q
2,101
2.100
Page 15
continued...

DAME VIQLEf WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS
Nel
movement
in funds
Al
31.3.22
At 1.4.21
Unrestrlcted funds
General fund
188,696
32,26S
220,961
Endowmentfund$
Endowment
3,583,482
109.199
3,692,681
TOTAL FUNDS
3,772,178
141,464
3,913,642
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expende¢J
Gains and Movement
losses
in fund8
Unrestricted funds
General fund
116.716
184,451>
32,266
Endowrnent funds
Endowment
62
117.164)
126,301
109.199
TOTAL FUNDS
116.778
{101.6151
126.301
141.464
Comparatlves for movement In funds
Net
movemenl
in funds
At
31.3.21
At 1.4.20
Unrestrlcted funds
Gener21 fund
164.603
24,093
188,696
Endowment funds
Endowment
2.904,752
678,730
3,583,482
TOTAL FUNDS
3,069,355
702,823
3,TT2,178
Page 16
continued...

DAME VIOLET MLLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS- contlnued
Comparative net movement in funds, included in the above are as foNows.'
Incoming
Resources
Gains and Movement
resources
expended
losses
in funds
Unrestricted funds
General fund
103,568
(79,475)
24,093
Endowment funds
Endowment
(14,20n
692,937
678,730
TOTAL FUNDS
103.568
{93,682}
692,937
702,823
A ¢urrent year 12 months and prior year 12 months combined position is as follows..
Net
movement
In funds
At
31.3.22
At 1.4.20
Unrestri¢ted funds
General fund
164.603
56,358
220,961
Endowment funds
Endowment
2,904,752
787,929
3,892.681
TOTAL FUNDS
3,069,355
844.287
3.913,642
A current year 12 monlhs and prior year 12 months combined net movement In funds, induded in
the above are as follows=
Incoming
resources
Resources
expended
Gains and Movement
losses
In funds
Ufirestrlcted funds
Gener21 fund
220,284
{163,926}
56.358
Endowment funds
Endowment
82
(31,371)
819.238
787,929
TOTAL FUNDS
220,346
1195.297)
819.238
844.287
Page 17
contlnued...

DAME VIOL￿ WILLS- WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 18

DAME VIOLET WILLS-WILL TRUST
DEfAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
31.3.22
31.3.21
INCOME AND ENDOWMENTS
Investment Income
Dividends
Deposit 8ccount Interest
116,622
156
103,286
282
116,778
103,568
Total Incomlng resources
116,TT8
103,568
EXPENDITURE
Investment management costs
Portfolio man2gement
17,164
14,207
Charltable actlvltles
Grants
83,750
78,362
Other
Gr8nts returned
(1.5001
Support costs
Flnance
Bank charges
15
23
Governance costs
Tru$tees' expenses
Audltors, remuneration
Auditors, remuneratlon for non audit work
58
1,080
1,050
40
1,050
2,186
1,090
Total resour￿ expended
101.615
93,882
Net Income
15,163
9,888
This page does not form part of the statutory finandal statements
Page 19