Trustees’ Annual Report for the period
From 6 April 2021 To 5 April 2022
Charity name: The H Steven and P E Wood Charity
Charity registration number: 264990
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Trust is governed by a Deed of Settlement dated 14th April 1971 whereby Mrs Phyllis Ethel Wood transferred certain property to the Trustees. The Trustees have unrestricted powers available to them under the original deed of settlement. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Income to be applied by the Trustees in the payment of donations or subscriptions to such Charitable institution or institutions or to or for such other Charitable purposes as the Trustees or a majority of in point of number of the Trustees shall in their discretion from time to time think fit. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees confirm that they have referred to the information contained in the Charity Commissions' general guidance on public benefit when reviewing the Trust's objectives and activities and grant making policy. The Trustees consider that by making grants to registered charities considerable public benefit will be achieved and many members of the public will benefit. |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year, the Trustees received income from investments amounting to £25,759 from which administration expenses etc amounting to £636 and Charitable grants amounting to £27,250 were paid. The stockbrokers are instructed on an execution basis only. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trustees are satisfied that the Balance Sheet as at 5 April 2022 discloses funds adequate to fulfil the obligations of the Trust. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year. |
| Amount of reserves held | Para 1.22 | At 5 April 2022 the value of the Trust's investments amounted to £726,395 compared with £687,821 at the previous year end. |
Structure, Governance and Management
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The Charity is an unincorporated association. |
|---|---|---|
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The Trustees have the power to appoint new Trustees. Prospective Trustees are invited to meet fellow Trustees and, if appointed, are provided with information relating to the aims of the charity and are made aware of the responsibilities that Trusteeship involves. The Trustees take such action as they consider necessary to keep themselves informed of changes to charity law and governance. |
Reference and Administrative details
| Charity name | The H Steven and P E Wood Charity |
|---|---|
| Registered charity number | 264990 |
| Charity’s principal address | Tite Cottage Wardington Banbury OX17 1SP |
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Hazel Steven | Trustee | |||
| Andrew Kennedy Steven |
Trustee | |||
| Virginnia Noreen Steven |
Trustee |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Andrew Kennedy Steven |
|
|---|---|---|
Trustee |
||
| 10 May 2023 | ||
| 10 May 2023 |
| The H Steven and P E Wood Charity | 264990 | ||
|---|---|---|---|
| Receipts and payments accounts | CC16a | ||
| 06-Apr-21 For the period from |
To | 05-Apr-22 |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 25,754 5 - - - - - - 25,759 - - - 25,759 27,250 540 96 - - - - - - 27,886 - - - 27,886 - 2,127 - 36,882 34,755 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 25,754 5 - - - - - - 25,759 - - - 25,759 27,250 540 96 - - - - - - 27,886 - - - 27,886 - 2,127 |
Last year to the nearest £ |
|
| Dividend income | 25,754 | 23,552 | ||||
| Bank interest | 5 | 12 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
25,759 |
23,564 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 23,564 | ||||||
Charitable activities |
27,250 | 23,750 | ||||
| Professional fees | 540 | 661 | ||||
| Bank charges | 96 | 64 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 27,886 | 24,475 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 24,475 | ||||||
| - 2,127 | - | - | - 2,127 | - 911 | ||
| - | - | - | - | - | ||
| 36,882 | - | - | 36,882 | 37,793 | ||
| 34,755 | - | - | 34,755 | 36,882 |
CCXX R1 accounts (SS)
10/05/2023
1
| Section B Statement of assets and liabilities at | Section B Statement of assets and liabilities at | the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details M&G Charifund Units Charishare Common Investment Fund Schroder Income Trust for Charties Details Details Total cash funds (agree balances with receipts and payments account(s)) Details CAF Bank Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 34,755 - - - - - 34,755 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Unrestricted - Unrestricted - Unrestricted - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Andrew KennedySteven |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 344,162 | |||
| 322,079 | |||
| 60,154 | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Andrew KennedySteven | 10/05/2023 | ||
CCXX R2 accounts (SS)
10/05/2023
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The H Steven and P E Wood Charity On accounts for the year ended 5 April 2022 Charity no (if any) 264990 Sot out on pag&8 1and2 Irernembei lo Includé the page nunibers pf addilioiial 5heels1 I report lo the trustees on my 8xaminalion of the accounts of the above charity ("the Trust") for the year ended 05 10412022. Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation ba818 of report of the accounts in accordance with the r8quir8ments of th8 Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515}{b} of the Act. I have completed my examination, I confirm that no material matters hav8 come to my attention I ') in connection with the examination which gives me cause to believe that in, any material respect. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independant examin•rf8 8tat•ment I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in order lo enable proper understanding ol the accounts to be reached. Please delete the words in the brackets if they do not apply. Slgned: Date: 10 May 2023 Namo: Angela Margaret Barrett Relevanl professional qualifi¢ation(sl or body lif any): FCCA Address: Suite 2. la & 1b Atherstone Barns, Atherstone on Stour Slratford upon Avon CV37 8NE IER October 2018
Section B Disclosure Only complete ifthe examiner needs to highlight matters of concern (see CC32, Independenl examination of charity accounts.. directions and guidan for examiners). Givè here brief details of any items that the examiner wishes to disclose. IER October 2018