The Wood & Steven Charitable Trust
**Registered no. 2649901**
## **Trustee's Annual Report for the Year Ended 5[th] April 2024**
## **Structure, Governance, and Management**
The Wood and Steven Charitable Trust (the "Trust") is governed by its trust deed. During the financial year, the Trustees resolved to change the name of the Trust to _The Wood and Steven Charitable Trust_ . Additionally, in accordance with the Charity's structure and governance requirements, a third Trustee was appointed.
The Trustees are responsible for ensuring that the Trust operates within its charitable objectives and complies with its legal and regulatory obligations. Regular meetings are held to review the Trust's activities, financial management, and investment strategies.
## **Objectives and Activities**
The principal aim of the Trust is to provide financial assistance through grants to charitable organizations operating within the United Kingdom. The Trustees remain committed to ensuring that the grants awarded have a meaningful impact and align with the Trust's objectives.
## **Achievements and Performance**
During the year, the Trustees awarded a total of 27 grants to UK charities, amounting to £22,500. These grants supported a range of initiatives, including the arts, animal charities, critical illness research and various smaller local charities for whom the grant makes a meaningful impact.
In addition, the Trust received an exceptional payment of £47,031 due to the liquidation of the Charity Bond Fund by Cazenove. This represents an extraordinary inflow of funds, which the Trustees will seek to reinvest prudently during the current financial year to ensure sustainable income for future grant-making activities.
## **Financial Review**
The Trust's total income for the year was £67,051, including £47,031 exceptional payment. Expenditure consisted primarily of grant-making activities totalling £22,500, alongside operational and administrative costs of £840.
The Trust's financial position remains stable, with adequate reserves to continue supporting charitable activities. The Trustees are reviewing investment opportunities to optimize returns on the exceptional payment received.
## **Plans for the Future**
The Trustees will continue to identify and support UK charities that align with the Trust's objectives. Particular attention will be given to reinvesting the funds received from the liquidation of the Charity Bond Fund to ensure sustained growth of the Trust's resources.
## **Declaration**
The Trustees declare that they have approved this report in their capacity as charity trustees and that it complies with the requirements of the Charity Commission for England and Wales.
Tite Cottage, Upper Wardington, Banbury OX17 1SP
The Wood & Steven Charitable Trust
## **Registered no. 2649901**
**Signed on behalf of the Trustees** Name: Andrew Steven Date: 24[th] January 2025
Tite Cottage, Upper Wardington, Banbury OX17 1SP
**The H Steven and P E Wood Charity 264990 Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 06-Apr-23 05-Apr-24
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**18,644**
**1,377**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**to the nearest**
**£**
**18,644**
**1,377**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Dividend Income|**18,644**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**18,644**|**23,589**|
|Bank Interest|**1,377**|||**-**|**1,377**|**198**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
|**_Sub total_**_(Gross income for AR)_|**20,020**||**-**|**-**|**20,020**|**23,787**|
||**47,031**
**-**||||||
|**A2 Asset and investment sales, (see table).**|||||||
|SUTL Cazenove Charity Bond Units|**47,031**||**-**
**-**|**-**|**47,031**||
||**-**|||**-**|**-**|**-**|
|**_Sub total_**|**47,031**||**-**|**-**|**47,031**|**-**|
|**_Total receipts_**|||||||
||**67,051**||**-**|**-**|**67,051**|**23,787**|
|**A3 Payments**|**22,500**
**780**
**60**
**-**
**-**
**-**
**-**
**-**
**-**|**22,500**
**780**
**60**
**-**
**-**
**-**
**-**
**-**
**-**|||||
|---|---|---|---|---|---|---|
|Charitable Activities|**22,500**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**22,500**|**22,470**|
|Professional Fees|**780**|||**-**|**780**|**270**|
|Bank Charges|**60**|||**-**|**60**|**72**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
||**-**|||**-**|**-**|**-**|
|**_Sub total_ **|**23,340**||**-**|**-**|**23,340**|**22,812**|
||**-**
**-**||||||
|**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_**|||||||
||**23,340**||**-**|**-**|**23,340**|**22,812**|
||||||||
||**43,711**||**-**|
**-**|**43,711**|**975**|
||**-**|
|**-**
**-**|**-**|**-**|**-**|
||**35,730**|||**-**|**35,730**|**34,755**|
||**79,441**||**-**|
**-**|**79,441**|**35,730**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**B1 Cash funds**|CAF Bank
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||**79,441**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**79,441**|**-**|**-**|
|||OK|OK|OK|
|Signed by one or two trustees on behalf of all the
trustees
**B5 Liabilities**
**B4 Assets retained for the charity’s**
**own use**
**B3 Investment assets**
**B2 Other monetary assets**|Signature
**Details**
**Details**
**Details**
M&G Charifund Units
M&G Charibond Units
BLK Charities UK Equity Fund Units
**Details**|**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|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**289,789**|
||||**27,854**|
||||**327,960**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||||
|||||
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name THE H STEVEN AND P E WOOD CHARITY **members of**
**On accounts for the year** 5 APRIL 2024 **Charity no** 264990 **ended (if any) Set out on pages** 1 and 2 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** .
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the 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 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) 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
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
|**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**||22/1/2025|
|---|---|---|
||||
||JAMES CARTY||
||||
||FCA, FCCA||
||||
||CARLETON HOUSE, 266-268 STRATFORD ROAD, SHIRLEY, SOLIHULL,||
||WEST MIDLANDS, B90 3AD||
||||
**October 2018**
**IER**
1
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**October 2018**
**IER**
2