REGISTERED CHARITY NUMBER" 262251
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024
FOR
DAME VIOLET WILLS - WILL TRUST
Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Brislol
BS8 4HU

DAME VIOLET WILLS - WILL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Report of the Independent Auditors
Statement of FlnancSal Actlvltles
Balance Sheet
10
Notes to the Flnancial Statements
11 to 18
Detatled Staternent of Financial Activlties
19

DAME VIOLET WILLS- WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended
31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland
(FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Maln actlvities undertaken to further the Charity's purposes for publlc beneflt
The Trust was established under the will of the late Dame Violet Vvills, who died on the 26th
October 1964. In it she left the residue of her estate to her Trustees, giving them absolute
discretion to make such gitts to charitable institutions. or for charitable purposes, as they see fit,
out of income or capital. She expressed the desire that the Trustees have special regard to those
charitable organisations and SUbj￿ts with which she had been particularly concerned during her
lifetime.
The Trustees have determined that the original capital endowment, as augmented by capital
profits, shall be retained as a Capital Fund, and that grants and other expenditure of thè Trust
should generally be met from accumulated income.
ACHIEVEMENT AND PERFORMANCE
Review of activities
During the year, the Trustees made 41 grants totalling £96,790 (2023.. 36 grants totalling £85,750}.
The Trustees have followed the policy of giving a smaller number of larger grants than in previous
years, with grant applications from organisations working in the fields of children and medical
preferred, ideally with a direct link to Ihe BristollGloucestershirelSomerset area. The net income for
the year has been added to reserves. Reserves remain above the minimum level set by the
TfUSt6es, namely one yearfs grant5.
The Trustees confirm that they have compli&d with their duty in section 17 of the Charities Act
2011 to have due regard to the public benefit guidanGe published by the Charity Commisslon for
England and Wales.
b. Investment pollcy and performance
The Deed of Trust empowers the Trustees to retain any investments held at Darne Violet's death.
Olherwise the Trustees are not subject to any restrictions in relatlon to the management of the
investments. The Trust's investment portfolio recorded a gain in value of £110,86612023'. loss of
£283,422).
FINANCIAL REVIEW
a. Reserves pollcy
The Trustees do not intend to accumulate income in the future, but believe that thèy should retain
sufficienl accumulated income from past years to meet the approximale level of grants for one
year. At the year end the balance on the unreslricted funds was £236,758 {2023.' £252,030) and on
the endowment fund the balance was £3,543.326 (2023.. £3,403,763). Total funds were
£3,780,082 {2023'. £3,655,793).
Pag8 1

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has
adequate resources to continue in operational existence for the foreseeable future,
The Trust has investments that generate income and does not rely on external funders. Trustees
will only make grants to 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 concern basis can be found in the Accounting
Policies.
FUTURE PLANS
The Trust will continue to make grants in line with its objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Governlng document
The charity is controlled by its governing document. a Deed of Trust, and constitutes an
unincorporated charity.
b. Methods of appointment or election of Trustees
Trustees are appointed to fill any vacancy that occurs, the optimum number being regarded as
three. New Trustees are briefed by continuing Trustees regarding the history and objectives of the
Trust.
c. Organisatlonal structure and decislon-maklng pollcies
The Trustees meet Ihree or four times a year to consider grant applications, and conduct any other
business. On occasion decisions are made following telephone meetings. The Deed of Trust
empowers the Trustees to ¢harge for their professional time expended on Trust affairs.
d. Rlsk assessment
The Trustees have consldered the risks to which the Trust is exposed and consider that the
procedures in force are sufficient to manage the foreseeable risks.ln considering the Trust's
activities, the Trustees have had regard to the Charity Commission's guidance on public benefit.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
262251
Principal address
Red Roofs
Station Road
Flax Bourton
North Somerset
BS48 1UA
Trustees
Mr T J Baines Chairman
Mr C M C Naughton
Mr C R G Biggin
Page 2

DAME VIOLET WILLS -WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAIL5
Audltors
Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Bristol
8S8 4HU
Advlsers
Bankers
Triodos Bank
Deanery Road
Bristol
BS15AS
Investment Advisors
Evelyn Partners
Portwall Lane
Bristol
BS16NA
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charlty (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to
prepare financial statements for each financial year which give a true and fair view of the state of
affairs of the charity and of the incoming resources and appllcation of resources, including the
income and expenditure, of the charlty for that period. In preparing those flnancial statements, the
trustees are required to
select suilable accounting policies and then apply them consistently.,
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent.
prepare the financial statéments on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and to 6nable them to ensure
that the financial statemenls comply with the Charities Act 2011, the Charity {Accounts and
Reports) Regulations 2008 and the wovisions ol the trust deed. They are also responsible for
safeguarding the ass8ts of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Page 3

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - conllnued
Each of the persons who are Trustees at the time when this Trustees, Report is approved
confirmed that..
so far as that Trustee is aware, there is no relevanl audit information of which the charity's
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be
aware of any relevant audit informatlon and to establish that the charity's auditors are aware of that
informalion.
Approved by order of the board of trustees on
behalf by..
and signed on its
Mr T J Baines-
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOL
T WILLS . WILL TRUST
Opinion
We have audited the financial stalements of Dame Violet Wills - Will Trust {the 'charitl) for the
year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance
Sheet and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
glve a true and fair view of the state of the charity's affairs as al 31 March 2024 and of its
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
AGcounting Practice.. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba318 for oplnlon
We conducted our audit in accordance wilh Intemational Standards on Auditing (UK) {ISAs (UK))
and applicable law. Our responsibilities under those standards are further described in the
Auditors, responsibilities for the audit of the financial statements section of our report. We are
independent of Ihe charity in accordance With the ethical requirements that are relevant to our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audil evidenG8 we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriale.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's
ability to continue as a going con¢ern for a period of at least twelvÉ months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilitles of the trustees with respect to going concern are
described in the relevant sections of this report.
other informatlon
The trustees are responsible for the other information. The other information comprises the
information included in thè 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
extenl otherwise explicitly stated in our rèport, we do not express any form of assurance
conclusion 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 Dther information is materially inconsistent with
the financial statemenls or our knowledge obtained in the audit or othe￿iSe appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves. If. based ¢)n the work we have performed, we conclude that
there is a material misstatement of this other information, we are required to report that fact. We
have nothing to report in this regard.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS - WILL TRUST
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters where the Charities {Accounls and
Reports) Regulations 2008 requires us to report to you if, in our opinion-.
the information given in the Report of the Trustees is inconsistent in any material respect with
the financial statements., or
stjfficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible
for the preparation of the financial statements which give a true and fair view, and for such internal
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 financial statements, Ihe trustees are responsible for assessing the charity's ability
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 to 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 - WILL TRUST
Our responsibilities for the audit of the flnanclal stalements
We have been appointed as auditors under Section 144 of the Charities Acl 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 slatements as a
whole are free from material misstatemenl, whether due to fraud or error, and to issue a Report of
Ihe Independent Auditors that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK} wlll always
delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if. individually or in the aggregate, thoy could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is
detailed below..
We identify and assess lh& risks of material misstatement in the financial statements, whether du&
to fraud or error,and then design and perform audit procedures responsive to those risks. This
includes assessing the rlsk of non-compliance of laws and regulations and management bias in
accounting estimates.
We must also consider those law5 and regulations that have a direct impact on the preparation of
the financial statements, such as the Charities Act 2011.
Audit procedures performed 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
In conducting the work above, we apply due care and professional scepticism throughout.
However, there are limitations within procedures outlined above and the risk of not detecting a
material misstatement due lo fraud is higher than the risk of not detecting one resulting from error,
as fraud may involve deliberate concealment.
A further description of our responsibilities for the audit of the financial statements is located on the
Finaneial Reporting Council's website at ￿.frc.Org.uklaUditOrSre5pQnslb1llt￿e$. This description
forms part of our Report of the Independent Auditors.
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 the charity's trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
we might state to the charity's trustees those matters we are required to state to them in an
auditors, report and for no other purpose. To the fullest extent permitted by law, we do nol accept
or assume responsibility to anyone other than the charity and the charity's trustees as a body, for
our audit work, for this report, or for the opinions we have formed.
L LAL/ LLI
Lawes & Co UK Limited (Statutory Auditors)
Boyce's BLtilding
40-42 Regent Street
Clifton
Bristol
8S8 4HU
17
Page 8

DAME VIOLET WILLS- WILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Investment incom6
133,577
3,277
136,854
126,991
EXPENDITURE ON
Raising funds
24,580
24,580
16,169
Charltable aotlvlties
Grants
96,790
96,790
85,750
Other
2,061
2,061
15011
Total
98,851
24,580
123,431
101,418
Net gainsl{losses) on investments
110,866
110,866
1283,422)
NET INCOMEI(EXPENDITURE)
Transfers b8tw88n funds
34,726
(50,000)
89,563
50,000
124,289
(257,8491
12
Net movement in funds
115,2741
139,563
124,289
(257,849)
RECONCILIATION OF FUNDS
Total funds brought forward
252,030 3,403,763 3.655,793 3,913,642
TOTAL FUNDS CARRIED FORWARD
236,756 3,543,326 3,780,082 3,655,793
The notes form part of these financial statemenls
Page g

DAME VIOLET WILLS - WILL TRUST
BALANCE SHEET
31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Endowment
fund
fund
Notes
FIXED ASSETS
Investments
10
3,540,223 3,540.223 3,403,079
CURRENT ASSETS
Cash at bank
269,427
3,103
272,530
267.634
CREDITORS
Amounts falling due wilhin one year
(32,671)
{32,6711
(14,920)
NET CURRENT ASSETS
236,756
3,103
239.859
252,714
TOTAL ASSETS LESS CURRENT
LIABILITIES
236,756 3,543,326 3,780,082 3,655,793
NET ASSETS
236,756 3,543,326 3,780,082 3,655,793
FUNDS
Unrestricted funds
Endowment funds
12
236,756
252,030
3,543,326 3,403,763
TOTAL FUNDS
3,780,082 3.655.793
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
MrTJBai
The notes form part of these financial statements
Page 10

DAME VIOLET WILLS- WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of the charity, which is a public benefil entity under FRS 102, have
been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102
hé Financial Reporting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The financial slatements have been prepared under the historical cost
convention, with the exception of investments which are induded at market value, as
modified by the revaluation of certain assets.
Crltlcal accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires the Trustees to make any significant
estimates and judgements where necessary.
There were no significant eslimates 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 the foreseeable future
and that there are no materlal uncertainties about its ability to continue. The Trust has
investments and does not rely on external funding. TrLSStees will only make grants to the
level of available funds. For this rea50n they continu8 to adopt the going con￿rn basis in
preparlng the financial statements.
Income
All incorne is recognised in the Statement of Financial Activities once the charity has
entitlement to the funds, il is probable that the inctjme will be received and the amount can
be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time investment
income is receivable.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructlV8 obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefits
will be required in setllement and the arnounl of Ihe obligation can be measured rèliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannol be directly attributed to
particular headings they have been allocated to aclivilies on a basis consistent with the use
of reSoUr￿s. Expenditure on charitable activities is incurred on directly undertaking the
activities which further the Charity's objectives, as well as any associated support costs. All
expenditure is inclusive of irrecoverable VAT.
Grants offered subject lo conditions which have not been met at the year end date are noted
as a commitment bul not accrued as 8xpenditur8.
Page 11
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES . contlnued
Raislng funds
Costs of generating funds are costs incurred in attracting voluntary income and investment
management costs. Charitable activities and Governance costs are costs incurred on the
Trusts operations, including support costs and costs relating to the governance of the Trust
apportioned to charitable activities.
Interest receivable
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 entitled to taxation exemplions on all income and gains
properfy applied for its charitable purposes.
Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the
Trustees in furtherance of the general objectives of the Charity and which have not been
designated for olher purposes.The Trustees have determined that the original capital
endowment. as augmented by capital profits, shall be retained as a Capital Fund. and that
grants and olher expenditure of the Trust should generally be met from accumulated
income.
Investments
Investments are a form of financial instrumenl and are initially recognised at their transaction
cost and subsequently measured at fair value at the Balance 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 liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
Llabilitles 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.
Page 12
continued...

DAME VIOLET WILLS -WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
31.3.24
31.3.23
Dividends
Deposit aocount interest
114,797
22,057
114.294
12,697
136,864
126,991
RAISING FUNDS
Other trading actlvltles
31.3.24
31.3.23
Loss on sale of assets
8,868
Investment management Gosts
31.3.24
31.3.23
Portfolio management
15,712
16,169
Aggregate amounts
24,580
16,169
CHARITABLE ACTIVITIES COSTS
Grant
lunding of
activities
(see note
5)
Grants
96,790
GRANTS PAYABLE
31.3.24
31.3.23
Grants
96,790
85,750
During the year 41 (2023.. 36) individual donations were made ranging in value from £500 to
£5,000, which were mainly for children's and medical charities. Due to the number of
donations it has been considered impractical to include a full list here. A full analysis of
donations is available on request from the Trustees. All grants were to charities registered
with the Charlty Commlssion for England and Wales.
Page 13
conlinued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
Governance
costs
Finance
Tolals
other resources expended
21
2,040
2,061
TRUSTEES, REMUNERATION AND BENEFITS
Trustees received no remuneration or other benefits for the year ended 31 March 2024, nor
for the year ended 31 March 2023.
Trustees, expenses
Trustees, expenses amounted to £Nil for the year ended 31 Mar¢h 2024 (2023.. £Nil).
MATERIAL TRANSFERS
During the year transfers totalling £35,286 were made be￿een from the unrestricted fund to
the endowment fund. This was to increase the available capital to invest into future income
generating investmen15 to ensure it has sufficient income to continue to provide grants
where necessary.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Investment income
116,318
10,673
126,991
EXPENDITURE ON
Raising funds
16,169
16,169
Charitable activities
Grants
85,750
85,750
oth8r
(501)
1501}
Total
85,249
16,169
101.418
Net gainsl(lossesl on investments
{283,4221 (283,4221
NET INCOMEIIEXPENDITURE
31,069
1288,918) {257,8491
RECONCILIATION OF FUNDS
Total funds brought forward
220,961 3,692,681 3,913,642
Page 14
continued...

DAME VIOLET WILLS- WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Endowment
fund
fund
Total
funds
TOTAL FUNDS CARRIED
FORWARD
252,030 3,403,763 3,655,793
10. FIXED ASSET INVESTMENTS
Listed
investment
MARKET VALUE
At 1 April 2023
Additions
Disposals
Revaluations
3,403,079
355.889
{329,611)
110,866
At 31 March 2024
3,540,223
NET BOOK VALUE
At 31 March 2024
3,540,223
At 31 March 2023
3,403,079
The original cost of these investments was £2,501.486 (2023.. £2,345,806).
Cost or valuation at 31 March 2024 is représented by:
Llsted
Investme
Valuation in 2024
Cost
1,038,757
2,501,466
3,540,223
Page 15
continued..

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
other creditors
30,751
1,920
13,000
1,920
32,671
14.920
12. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
252,030
34,726
150,000)
236,756
Endowment funds
Endowment
3,403,763
89,663
60,000 3,543,326
TOTAL FUNDS
3,655,793
124,289
3,780,082
Net movement in funds, included in the above are as follows:
Incoming Resour￿5 Gains and Movement
reSoUr￿S
expended
losses
in funds
Unrestricted funds
General fund
133,577
198,851)
34,726
Endowment funds
Endowment
3,277
(24,580)
110,866
89,563
TOTAL FUNDS
136,854
{123,431)
110,866
124,289
Page 16
continued...

DAME VIOLET WILLS . WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS . contlnued
Comparatlves for movement In funds
Nel
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
220,961
31,069
252,030
Endowment funds
Endowment
3,692,681
(288,918} 3,403,763
TOTAL FUNDS
3,913,642
(257.849} 3,655,793
Comparative net movement in funds, included in the above are as follows..
Incoming Resources Gains and Movement
resources
expended
losses
in funds
Unrestrlcted funds
General fund
116,318
(85,249)
31,069
Endowment funds
Endowment
10,673
(16,169) (283.422) (288,918)
TOTAL FUNDS
126,991
1101,418> (283,422) (257,849)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
fLtnds
At
31.3.24
AÉ 1.4.22
Unrestrlcted Itjnds
General fund
220,961
65,795
(50,000)
236,756
Endowment funds
Endowment
3,692,681
1199,355)
50,000 3,543,326
TOTAL FUNDS
3,913,642
1133.560)
3.780.082
Page 17
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - contlnued
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows..
Incoming
resources
Resources Gains and Movement
expended
losses
in funds
Unrestricted funds
General fund
249.895
{184,100)
65,795
Endowment funds
Endowment
13,950
140,749) {172,556> {199,355)
TOTAL FUNDS
263,845
{224,849) {172,556) {133,5601
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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ME VIOLET WILLS- WILL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Investment Income
Dividends
Deposit account interest
114.797
22,057
114,294
12,697
136,854
126,991
Total incoming resources
136,854
126,991
EXPENDITURE
other trading actlvltles
Loss on salé of tangible flxed assets
8,868
Inveslment management costs
Portfolio management
15,712
16,169
Charltable actlvltles
Grants
96.790
85,750
Other
Grants returned
(2,500)
Support costs
Financg
Bank charges
21
19
Governance Costs
Auditors, remuneration
Auditor$' remuneration for non audit
work
1,110
1,050
930
930
2,040
1,980
Total resources expended
123,431
101,418
Nel Income
13,423
25,573
This page does not form part of the statutory financial statements
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