REGISTERED CHARITY NUMBER: 262251
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
DAME VIOLET WILLS - WILL TRUST
Lawes & Co UK Limited (Statutory Auditors}
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

DAME VIOLET WILLS - WILL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
11 to 18
Detailed Statement of Financial Activities
19

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended
31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recorllmended Practice applicable to charities preparing their accounts in accordan￿ with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1
January 20191.
OBJECTIVES AND ACTIVITIES
Main activities undertaken to further the Charity's purposes for public benefit
The Trust was established under the will of the late Dame Violet W111s, who died on the 26th October
1964. In il she left the residue of her estate to her Trustees, giving them absolute discretion lo make
such gifts 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
subjects with which she had been particularly concerned during her lifetime.
The Trustees have determined Ihat the original capital endowmenl, as augmented by capital profits, shall
be retained as a Capital Fund. and that grants and other expenditure of the Trust should generally be
met from accumulated income.
ACHIEVEMENTS AND PERFORMANCE
a. Review of activities
During the year, the Trustees made 41 grants lotalling £103,950 (2024.. 41 grants totalling £96,790).
The Trustees have followed the policy of giving a smaller number of1arger grants than in previous years,
with grant applications from organisations working in the fields of children and medical preferred, ideally
with a direct link lo the BristollGloucestershirelSomerset area. The nel income for the year has been
added to reseNes. Reserves remain above the minimum level sel by the Trustees, namely one year's
grants.
The Trustees confirm that they have complied with their duty in section 17 of the Charities Act 2011 to
have due regard lo the public benefil guidance published by the Charity Commission for England and
Wales.
b. Investment policy and performance
The Deed of Trust empowers the Trustees to retain any investments held at Dame Violet's death.
otherwise the Trustees are not subject to any restrictions in relation lo the rnanagemenl of the
investments. The Trust's investment portfolio recorded an decrease in value of £4,47812024.' increase of
£110,866).
FINANCIAL REVIEW
a. Reserves policy
The Trustees da not intend to accumulate income in the future, but believe that they should relain
sufficient accumulated income from past years to meet the approximate level of grants for one year. At
the year end the balance on the unrestricted funds was £214,277 12024.. £236,756) and on the
endowment fund the balan￿ was £3,575,383 {2024'. £3,543,326) Total funds were £3,789,660 (2024..
£3,780,082)
Page 1

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expeclation that the Trust has
adequate resources to continue in operational existence for the foreseeable future,
The Trust has investmen15 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. Governing 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 f511 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.
Organisational structure and decision-making policies
The Trustees meet three ar 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 charge for their professional time expended on Trust affairs.
d. Risk assessment
The Trustees have considered 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 Cornmission's guidance on public benefit.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
262251
Principal address
clo Crowe UK LLP
St James House
Sl James Square
Cheltenham
Gloucestershire
GL50 3PR
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 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU
Advisers
Bankers
Triodos Bank
Deanery Road
Bristol
BS1 SAS
Investment Advisors
Evelyn Partners
Portwall Lane
Bristol
BS16NA
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The truslees 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).
Charity law requires the trustees lo prepare financial statements for each f1nancial year. Under that law,
the trustees have elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the truslees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources, including the income and expenditure, of the charity for that peNod. In preparing
those financial statements. the trustees are required to
select suitable accounting policies and then apply them consistently.,
obselve the methods and principles in the Charities SORP",
make judgements and estimates that are reasoriable and prudent.,
prepare the financial slatements on the going concem basis unless it Is inappropriate to presume that
the charity will conlinue in business.
The truslees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any lime the f1nancial position of the charity and to enable thern to ensure that the financial
statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations
2008. 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.
Page 3

DAME VIOLET WILLS - WILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued
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 relevant 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 information and to establish that the charity's auditors are aware of that information.
Approved by order of the board of trustees on !.B..fxknts.
and signed on its behalf by..
MrTJBain
stee
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
DAME VIOLET WILLS - WILL TRUST
Opinion
We have audited the financial statements of Dame Violet Wills - Will Trust (the 'charity') for the year
ended 31 March 2025 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 Praclicel.
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming
resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdam Generally Accepted Accounting
Pr2Ctice", and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We Gonducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUK}) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial slalements section of our report. We are independent of the
charity in accordance with the ethic21 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
responsibililies in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any mater131 uncertainties relating to
events or conditions that, individually or collectively, rnay c2St significant doubt on the charity's ability lo
ontinue as a going concern for a period of al least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
the relevant sections of this report.
other information
The trustees are responsible for the other infomiation. The other information comprises the infomation
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 extent
otherwise explicilly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is lo read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears lo 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 on
the work we have perfom)ed, we conclude that there is a rnaterial misstatement of this other infomiation,
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 exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report lo you if, in our opinion..
the information given in the Report of the Trustees is 5nconsistent in any material respect with the
financial slalements., or
sufficient 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 Slalemenl 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, the 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 truslees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but lo 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 financial ststements
We have been appointed as auditors under Section 144 of the Charities Act 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 statements as a whole
are free from material misstatement, whether due to fraud or error, and to 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 audit conducted in accordance with ISAS IUKI will always delecl a material
rnisstatement 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 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 the risks of material misstatement in the financial stalemenls, whether due
to fraud or error,and then design and perform audit procedures responsive to those risks. This
includes assessing the risk of non-compliance of laws and regulations and management bias in
accounting estimates.
We must also consider those laws 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 docurnentation 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 to fraud is higher than the risk of not detecting one resulting frDm error,
as fraud may involve deliberate concealment.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description forms
part of our Report ofthe 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 Iruslees, 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
lo the charity's trustees those matters we are required to slate to Ihern in an auditors, report and for no
other purpose. To the fullest extent pemiitted by law, we do not 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.
.64u*/ J-
Lawes & Co UK Limited {Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU
l Ill/ j[J
Date..
Page 8

DAME VIOLET WILLS - WILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Investrnent income
134,076
1,242
135,318
136,854
EXPENDITURE ON
Raising funds
14,707
14,707
24,580
Charitable activities
Grants
103,950
103,950
96,790
Other
2,605
2,605
2,061
Total
106,555
14,707
121,262
123,431
Net gainsl(losses) on investments
4.478)
110,866
NET INCOMEI{EXPENDITURE)
Transfers be￿een funds
27,521
50.0001
117,9431
9,578
124,289
Net movement in funds
122,479)
32,057
9,578
124,289
RECONCILIATION OF FUNDS
Total funds brought fotward
236,756
3,543,326
3,780,082
3,655,793
TOTAL FUNDS CARRIED FORWARD
214,277
3,575.383
3,789,660
3,780,082
The notes form part of these financial statements
Page 9

DAME VIOLET WILLS - WILL TRUST
BALANCE SHEET
31 MARCH 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Endowment
fund
fund
Notes
FIXED ASSETS
Inveslmenls
3,573,743
3,573,743
3,540,223
CURRENT ASSETS
Cash at bank
262,626
1,640
264,266
272,530
CREDITORS
Arnounls falling due wilhin one year
{48,349)
148,3491
{32,6711
NET CURRENT ASSETS
214,277
1,640
215,917
239,859
TOTAL ASSETS LESS CURRENT
LIABILITIES
214,277
3,575,383
3.789,660
3,780,082
NET ASSETS
214.277
3,575,383
3,789,660
3,780,082
FUNDS
Unrestricled funds
Endowment funds
12
214,277
3,575,383
236,756
3,543,326
TOTAL FUNDS
3.789,660
3,780,082
The financial statements were approved by the Board of Trustees and authorised for issue on
..lo-J... and were signed on its behalf by..
Trustee
The notes form part of these financial statements
Page10

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The f1nancial statefllents of the charity, which is a public benefit entity Ljnder 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
(FRS 1021 leffeclive 1 January 2019),, Financial Reporting Standard 102 '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 which are included at market value, as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires the Trustees to make any significant estimates
and iudgemenls where necessary.
There were no significant estimates 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 lo continue in operation existence for the foreseeable future and that there
are, Ian imatèlial uncertainties about its ability to continue. TP,- -1 Llac I14J> Iil'iestments and does not
rely on external funding. Trustees will oiily make yidnts lo the level of available funds. For this
reason they continue lo adopt the going concern basis in preparing the financial statements.
Income
All inc,orro la recognised in the Statement of Financial Activities once the charity has entitlement to
tl)e 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
income is receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
cornmitling the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to activities on a basis consistent with the use of resources. 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 to conditions which have not been met al the year end date are noted as a
commitment but not accrued as expenditure.
Raising 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 lo the governance of the Trust apportioned
to charitable activities.
Page 11
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS _ continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - continued
Interest receivable
Interest on funds held on deposit is included when receivable and the arnounl can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
bank.
Taxation
As a registered Charity, the Trust is entilled ta taxation exemptions on all income and gains
properly applied for its charitable purposes.
Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees
in furtherance of the general objectives of the Charity and which have not been designated for
other purposes.The Trustees have determined that the original capital eridowment, as augmented
by capital profits, shall be retained as a Capital Fund, and that grants and other expenditure of the
Trust should generally be met from accumulated income.
Investments
Investments are a form of financial instrument and are initially recognised at their transaction cost
and subsequently measured at fair value at the Balance Sheet dale using the closing quoted
markel 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 skiort-term highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a
past event, it is probable that a transfer of economic benefit will be required in seltlernent, and the
amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that
the Charity anticipates it will pay to settle the debt.
INVESTMENT INCOME
31.3.25
31.3.24
Dividends
Deposit account interest
109,256
26.062
114,797
22,057
135 318
136,854
Page12
continued..

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
RAISING FUNDS
Other investing activities
31.3.25
31.3.24
Loss on sale of assets
2,360
8,868
Investment management costs
31.3.25
31.3.24
Portfolio management
12,347
15,712
Aggregate amounts
14,707
24,580
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
5)
Grants
103,950
GRANTS PAYABLE
31.3.25
31.3.24
Grants
103,950
96,790
During the year 41 {2024'. 41) individual donations were made ranging in value from £1,000 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 lo charities registered with the Charity Commission
for England and Wales.
Page 13
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
SUPPORT COSTS
Governance
costs
Finance
Tatals
Other resources expended
25
2,580
2,605
TRUSTEES. REMUNERATION AND BENEFITS
Trustees received no remuneration or other benefils for the year ended 31 March 2025, nor for the
year ended 31 March 2024.
Trustees. expenses
Trustees, expenses amounted lo £Nil for the year ended 31 March 2025 {2024.' £Nil).
MATERIAL TRANSFERS
During the year transfers totalling £50,000 were made between from the unreslricled fund to the
endowment fund. This was to increase the available capital to invest into future income generating
investments lo ensure it has sufficient incorne lo 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
133,577
3,277
136,854
EXPENDITURE ON
Raising funds
24.580
24,580
Charitable activities
Grants
96,790
96,790
Other
2,061
2,061
Total
98,851
24,580
123.431
Net gains on investments
110,866
110,866
NET INCOME
Transfers be￿een funds
34,726
50,000)
89,563
50,OQO
124,289
Net movement in funds
(15,274)
139,563
124.289
RECONCILIATION OF FUNDS
Total funds brought forward
252,030
3,403,763
3,655,793
Page 14
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Endowment
fund
fund
Total
funds
TOTAL FUNDS CARRIED FORWARD
236,756
3,543,326
3,780,082
10. FIXED ASSET INVESTMENTS
Listed
investment
MARKET VALUE
At 1 April 2024
Additions
Disposals
Revaluations
3,540,223
175,345
{137,3471
4,478}
At 31 March 2025
3.573,743
NET BOOK VALUE
At 31 March 2025
3.573,743
At 31 March 2024
3,540,223
The original cost of these investments was £2,549,618 (2024.. £2,501,466).
Cost or valuation al 31 March 2025 is represented by..
Listed
investments
Valuation in 2025
Cost
1,024,125
2,549 618
3,573,743
Page 15
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Trade creditors
Olher creditors
45,949
2,400
30,751
1,920
48,349
32,671
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unrestricted funds
General fund
236,756
27,521
150,0001
214,277
Endowment funds
Endowment
3,543,326
{17,9431
50,000
3,575,383
TOTAL FUNDS
3,780,082
9,578
3,789,660
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
134,076
{106,5551
27,521
Endowment funds
Endowment
1,242
{14,707}
14,478)
117,943}
TOTAL FUNDS
135,318
121 2621
4,4781
9,578
Page 16
continued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.24
Al 1.4.23
Unrestricted funds
General fund
252,030
34,726
150,0001
236,756
Endowment funds
Endowment
3,403.763
89,563
50,000
3,543,326
TOTAL FUNDS
3,655,793
124,289
3,780,082
Comparative net movernent in funds, included in the above are as follows..
Gains and Movement
losses
in funds
Incoming
resources
Resources
expended
Unrestricted funds
General fund
133,577
198.851)
34,726
Endowment funds
Endowment
3,277
{24,5801
110.866
89,563
TOTAL FUNDS
136,854
123,431)
110,866
124,289
A current year 12 months and prior year 12 months combined position is as follows..
Transfers
between
funds
Net
movement
in funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
252,030
62,247
1100,0001
214.277
Endowment funds
Endowment
3,403,763
71,620
100,000
3.575,383
TOTAL FUNDS
3,655,793
133,867
3,789,660
Page 17
ontinued...

DAME VIOLET WILLS - WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
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
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
267,653
{205,406)
62,247
Endowment funds
Endowment
4,519
{39,2871
106,388
71,620
TOTAL FUNDS
272,172
244,6931
106,388
133,867
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 18

DAME VIOLET WILLS - WILL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Investment income
Dividends
Deposit account interest
109,256
26,062
114,797
22,057
135,318
136,854
Total incoming resources
135,318
136,854
EXPENDITURE
Other investing activities
Loss on sale of tangible fixed asset5
2.360
8,868
Investment management costs
Portfolio management
12.347
15,712
Charitable activities
Grants
103,950
96,790
Support costs
Finance
Bank charges
25
21
Governance costs
Audilors, remuneration
Auditors, remuneration for non audit work
1,580
1,000
1.110
930
2,580
2,040
Total resources expended
121,262
123,431
Net income
14,056
13,423
This page does not form part of the statutory financial statements
Page 19