The Alfred Williams Charitable Trust Financial Statements Year ended 5th April 2024 Penn and Company Advi
The Alfred Wllll#ms Charitsble Trnst Financial $tatemeDts for the ear ellded Stb A ri12024 CoDtents Page Charity inforniation Truslees, report Indep¢ndenl examine¢s report stement of financial activities Balance sheei Notes to the financi siatrmenls 7- 10
The Alfred Williams Charitsble Trust FiDalleial st•lemellts for tbe e¥4r ended 5th A ri12024 Chxrity iDformatioD Legal structure An unincortx)ratrd Tt Fund 0Ming under the founding Trust Deed dated 4th April 1973 settled by Mr Alfred Williams. Register¢d charity number 206652 Registered dresS Haughley Park Stowinarket Suffolk IP143JY Trustees Mr P Clarke JP BA ACIB Mrj H Penn BA FCA CTA Mr R J Williams MA M Dr L R Williams Bsc MB ChB Correspondence address 12a Simp50n Way Barrow Bury Si Edmunds Suffolk IP29 SEA Website mvw.alfredwilllamscharitabletri.Or8 Telephone 07917 509009 {K& Bow& administrOr) E-mail fredwilliams¢harlthbletngmall.cOM Bankers Barclavs plc Leicesier LE87 2BB Solicitors Birkells ProN'iden¢e House 141-145 Princes Streei Ipswich Ipi IQJ Investmeni managers JM Finn & Co 60 Abbeygate Street Buo. St Edmunds IP33 ILB Independent examiner Mr David Gould ACA 7 Karen Close Ipswich IPI 4LP
The Alfred Williams Charxtable Trust Tru5tees' Re rt for ihe ear ended 5th A ri121I24 AdJniDiltr8llOD. Policy nd Obie¢tives The Charity is managed irt accordan¢e wilh the provisions of the founding Trusr Deed dared 4th April 1973 which gives the Trustees dis¢reiionary ww¢r w apply the in¢ome and. Since the dh of the settlor Alfred Williams MBQ the capital of the Tnjst to a wide range of charilable objeeiives. In practice. beÈn8 a small ¢TUSi and following gutdelines recommered by the settlor. the cent Folicy of the Trusttts is to apply only the incom¢ of the Trust mainly to environmentsl and social SeS in the county of Sllffolk with a bi&s wordS preservation or reg¢nerdrion of th¢ built heritsge. amenity and landscape of the County. DonOnS io social CaseS are either for start-up projects. or f mode510n- goin8 SUPPOn to groups involved Jn voluntsry care. education. theatre. music and youth and community projects. Dortalions are noi made to individuajs. The Trustees have considered the Charity Commissioners. guidance on public Efnefii and have conclud¢d that the Trusvs gran¢ making role is for the public benefit. Reernitment and Tr#lnlng of Trusttts The pow¢rof appoiniment is vested with exiMin8 IfiLSlttS. Apwitmnents are made on the basis of ability and experience conSided to be of bcnefii the TrntsL J H PenN P D CLgrk4 R J Williams and L R Wlliams held office &s ¢¢$ thoughout the year. Training. which involves awartness of a trSlee.$ responsibrlities. the governing docum¢nL 3dmini5trdiive pn)cedures and the hisrory of the tWSL is undertaken by allendance at seminars and from ioforrnation obtained from tekvant websitrs inc11]g that of the Ch¥ity Commission. Grants •w#rded in 202&24 In PUTsuance of Ihe charitys stated objcctive5. 44 Wies re¢eivd grants in the year ended 5th April 2024 totlIng £75,150. This w&$ within th¢ y¢aes inve5rrneni income of administration expenses. The sector distribution of these grants was as follows.. - 9 grant5 (ling £19.500 were made churches for fabric Tepairor amenÈty projects- - 7 granL8 tallIng £8.IK)O was made io namrdl enviyonmental causes: - 15 gfdnts ¢liA¥ £32.300 were made man-made heritage callses - 5 grdnts totallin¥ £5,000 We made music. literary" artd drdma causes; grants totslling £10.i50 were made 9xiaJ welfare causes. A fi]11 Itst of grants madc ts included on pa8¢ 8. Fln4Rce. Reserves #Dd Risk A$stssment: As may be se¢n in the Statemeni of Firtancial Actsvities. the MOement in funds for the year was an appreCii0n of £285.OOi12023.. det¢rioration of £219259). The appreciation is due ¥airts. iM)th realised and unrealisd. rne on inv¢sthients. The main focus of the inve5mient polt¢y of the trustees is ro nuit)rain the value of the p1th1 in inflation justed term5 and. subjea w thaL mlM]se incorne. A totaj of £5,165 {2023= £4.788) wa5 spent on administrativ¢ Costs and £19.88212023= £19J701 on inv¢stm¢nt managemeni costs. which truste¢$ colderCeeP18blc. The reserves w)licy of the trustees 15 to accumulatr a pro0 of income when possible in order to provide resour¢¢s enablc the Trust continue a rrasonable level of grani-making activity during per20ds of lower in¢ome. An anricipated yeavs worth of grdnts1£75,0001 is eotJ$iderrd w Et an appropria level of reserves. The in]siees, through p¢riodt¢ mcetings and discussions, regularly consider wjssible risks the Charity. its ets and reputation and thke appropria¢ aaions to minirnise th¢s¢.
The Alfred Williams Charitable Trust Trtee5, R¢ rt continued) for th¢ ear ended Sth A rll 2024 Trnstees. responsibilities iAW applithle chartties in England & Waks requires the trustees to Ppare rtnancial stst¢mettts for each fjnanCl year which give a tnle aod fair view of the ¢harity s fjnancial a¢iJviiie5 during the year and of its financial PK)sition ai the end Of the year lunless the chaty is entitled to prepare accounts ofi the aliemative receipts and payments basis). In preparing financi sthtements giving a rne and fair view. the trustees should follow bcst practice and.. S¢le¢i suithle accounttt)g 11¢1¢5 and ihen apply thern consistentJy- - Observe the methods and principles of th¢ Charities SORP- - Makejud¥ements and esiimaies thai are reasonable and pwdent - State whdhcr applicable accouniing Sthndards and sratemenrs of recommended practice have beet) follow. 5ubjcct to any departure5 disclosed and explained in the fttIan¢1 $eMents. - Prepare the financial sthments on the going concun basis unless it Is Iiiappropriai¢ lo presume thai the charity will continue tn operation. The in]skes are responsible for the kecping of a¢tIng records which disc105e with reasonable a¢¢ura¢y the financial [)sItIon of th¢ ¢han"ty and which enable theffl ensure that th¢ financial stsiemcnts cornply with the provisiorks of the Trust Deed th¢ Charities Act 2011 and th¢ Charity IA¢¢ounts ar¥J RerK>rtsl Regulations 218. They are also resw)nsiblc for safeguarding the assets of the charity and hence for tsking reasonable ep5 for the prev¢niioo ar deteaion of fraud artd other irregulariiies. The tnJst¢es art resp¥)nsible for th¢ maintrnance and ingrity of the charity and finan¢ial inforniation incI¢kd on the chariry'5 websile. Report nd ctounts •pprov#l This report iogeiher with the attached finan¢ial ST*ments. comprising of a sthtement of financiat activities balance sheet and related ft0. wert approved and signed by the Trustees ar their meeiing R J Williams JHPenn
The Alfred Williams Cb#ritable Trnst Inde ndenl examiner's re rt OD the a¢¢ounts for the er ellded 5th A ril 2024 I report lo the truees on my examination of the a¢counts of the Alfred Williams Charitsble Trust ("Ihe Charity") for the yvdr ended 5th April 2024 which are set out on pages 5 to 10. Responsibilities and basis of report As the Charitys trustees you are rewnsibl¢ for the preparntion of the accounts in accordance with the requiremetits of the Charities Act 2011 {"the Aa-)- I report in resFttt of my examination of the Charitys accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all ihe applicable Directions given by the Charity Commission under section 14515Kb) of the Act. Independent examlner's ststement: I have completed my examination. I confimj that no material matters have come lo my attention in conne¢tion with the exarnination which give me caLLse to believe thaL in any material respect= the accounitng CordS were nor kept in accordance with section 130 of the Charities A¢t' or the accounts did not accord with the accounting records- or the accounts did nol comply with the applicable requirements concerning the forni and conteni of accounls set out in the Chartties (Accounts and Reports) Regulations 2008 other than any requir¢ment that the accounts give a'true and fairf view which is not a matter considered as part of the independeni exami[tion. I have no concerns and have come across other matters in conneclion with the examination to which attention should be drawn in this rep)rt in order to enable a proper understanding of the accounts to be reached. Date: Iq J LL Signatllre: Name: David Gould ACA Relevant profession or body: ICAEW Address: 7 Karen Close. Ipswi¢h, IPI 4LP
The Alfred Williams Charitable Trusi Staternent of Financial Activities for the ear eDded ith A ril 2024 Restrieted Income ds Unrestricted funds Tot1 2024 To¢al 21123 IncomiDg resourtes Interest and dividends from investmen Interest on bank deposit accouni ),040 480 90.i?O 90.040 480 90,520 82.951 83,045 Resourees expended DonatÉons and grants Legal. professional and administrative fees Investmeni manag¢meni fees Foreign on overseas dividends 75.lio 5.165 19,882 2.9?5 103.122 75.150 5,165 19,882 ?,9?5 103,122 69.400 4,788 19.370 2,693 96.251 Net outgoi% regourcts (12,602) (12.602) (13206) Other rerogTrised galths Gains/{losses) on quoied investment assets 297,604 297.604 1206.053) Net movement im fumds 285.002 285.002 (219259) To¢1 funds brougbt fonvard 3,602.133 3,602.133 3.821.392 Total funds rrIed fonward 3,887.135 3,887.135 3,60? 133
The Alfred Williams Charttable Trust BalAnce Sbeei #s at 5th A ril 2024 2024 2023 Fixed assets Investments in quotrd and similarty traded companies Cash dewsits held tnvestsnent managers 3,842.977 8,391 3.851.368 3,557.089 14.034 3.571.12i Current asset$ Cash at bank 37,677 37.677 32,670 32.670 Creditors: amounts falliTrg due witbin oll¢ yur 1,910 1.660 turreDt ssets 35.767 31,010 Net assets 3,887.135 3.602,133 Funds of the Cbrity Unrestricted funds Designated funds Total unrestricted fvnds 3.887.135 3,602.133 i.887,135 3.602,133 Restricted income fimds EndowThent fimds Total fuDds 3.887 135 3,602, IJ3 All the funds within the balance shed are unreslricied fiJn&. Approved by the Tn]5tees on OLA R J Williams JHPenn
The Alfred Willlams Cb3rit&blt Trn5t Note5 to the fiDaDci&I staiements for the ear ended Sth A rS12O24 Basis of PTeprAtion These ¥unts have been prerAred on the trAsis of histori¢41 iextept thal investments ate shown at market value) in aCCd with the Ststement of Recommended Pradice.. A¢¢ountin8 and Rewrting by Charities aThJ in acc4)rd8mCe ith Ihe Financial Reporting SiandaTd applicable in the UK (FRS 1021 issued on 16 Ju]J' 2014 and with the Charitics Act 2011. Intoming resources RteogDItion t)f ILmIng T¢sree5 These are included in the s¢¢ of Financtal Aciivitie5 ISOFAI when.. - the Chariry becomes eniiiled the resources: - it is more likety than not that the trn$S will receive the resou and - the monetsry value can be measurcd sufficient reliability. Investntti Ineorne This is included irt the accounts when rtteipt is wobtsble and the arnount receivable can be measured reliabty. Investnvttt P1115 This includes any goin or Ios5 on the sale of invesmients aT any gatn or loss resulting from revalutng investsnents to market ¥u¢ at the eTMI ofthc year. Taxatio The charity's aaiwties are ¢wsidered liable to UK income or capital gatns rax. but the charity Ik)es incur foreign t&K¢s dedLKted #t source on foreign inVemeNt inc4)me. V8]u¢ Added Tax 15 paid ots supplie5 of some seNces made to the charity. Expenditurn •nd lknbilities Liability ncOgniOn Liabjlilies arc recOlsl where it is more likely than noi th there is a legal or constTuciive obli8aiiort ¢otnmilling the charity io pay oui resources atMI the amount of thc Oblilon t¢ measured wryth reasonable cenaint),. GrDts pay*ble These are onl} reco8nised in the xcounts TrAthen a commitment has ken ma and there are no conditsOllS to be met [2118 ty the gram whi¢h remain in the control of the charity. Assets Inve5tmeDts Investsents ITed on a regniSed exchathge are vatued at mathi Vdlue at th¢ year end.
The Alfrrd Wilknlrng ChatitsbkTr 2) AbTrwroft LeL%Urc All Great AshfbJ B¢&on Chwch Bntt¢n as a Stktueapr 51 Edmunds CK) Butter"cOnScrva[l Designcr MakersCIO Sl Aftln Childrens HogpKe Eden Rose Cowiice TrL FIKWJ Mustm Iwa5 Mweum of Life) FO51fOr0th]kn Frccrnan Community Prnnary Scw Stywur Frcsh Stan Ctiy Frket ofAII Saints Church. Hrt(harn Fncndsof Si Perfs Sikn FaiYK Acth FuDJre TrÈ¢s Trusi GeLY8e cMunity Pllb. wkharn Market Gi FinboriyJgh aNi BUKWI UndttY$ Green Li8bi Tru Fltughjry PC Involve Ccntre, Lo%r#oft Little Ouse Heathsatrrs. R]ver Link Proj¢ Mid 5tsrrolk" Ciii7ns Bur¢au Mid Sutyolk Vdunw Organisautsn F( N¥w wo. Tht&tr N4Yfolk"and SutTdk NHS Tnw(hrity Norton VIlLige Hall Orchard Bam PalÉravc Parish CouKtl PCC All sain Shelky PCC Si Margarets. Som¢rM Pec Si Mary ai the FJmg PCC Batkingcum tFam PCC St Mpws. Dallinghuo PCC SI MAfyS Tj<TrIrn With Si ATrJrew3 PCC Fi)MFM SL Msrtrn PCC Gazelcy PCC Herf¢y PCC Hunng5well PCC Stok¢ by Clare pcc Stke bYNaDd Plant Flerits8e Pddle Ducks, Suffolk RDJa Arts CIC SL Eltsth HOspe Si NichoLts HisspKe Si Peters Church. Mikkn SmTharketChoralc SLOl4Thatkel ASD Sawrday Club Sthwrnathlor?ttc and Drarnatsc Siowland F4kon5 Club Suffolk Build8% Pre5ewnTfftlI Suffolk H15T1W Churches Tntsi Suffolk MiTrJ Suffolk MUS Fesilv ASstlj Suffdk Preser¥Auon Soc Suffolk Wildlife Tiusi The Art Stst Tht kng Shop Museum The Rifle Hall. Hal¢sworth ThÈ Quay Theatre TnkSI Thc&trt Rts. Bun Si Ethumts Thornham Fla Centre Wetherden To%¥nlathds Char wkhAM maet Ptship wlxxlbre R1Vc[5C Tn W)verst(A Hau li
The Alfred Wllliams Charitable Trust Notes to the financial statements for tbe ear eDded 5th A ri12024 3) Fiied knet Investments Investments Ih quoted and similarty traded companies 2024 2023 Market value broughi forward Additions invesiments at ¢osi Sales proceeds Restatemeni of cosi for accumulation units and a¢crued income Realisedloss on disposal compared io opening valuation Net unrealised gwn I (loss) on revaluation Markel value carried forward 3,557,089 158,188 (17? 116) 2.212 (1,434) 299.039 3.84?.978 3.764,344 100,923 (103,916) 1.791 {2,7031 (203.350 3.557.089 Analysis of interest and dividends received 2024 2023 Dividends received- UK comparties Dividends re¢eived- UK authorised unit tnts Overse&s dividends- Overseas companies overse dividends- Overse&s unit trus Overseas interest Interesi received- authorised unli trusts, bank & brokerfs accounts Properry income distributions 48.232 12.836 12.674 315 931 14.003 1.529 90.520 49.676 9,104 12,078 600 10,393 1,194 83,045 Market vallle *t ye#r ¢Dd Income from ash deposits for the yr ADatysis of cash deposlts JM Finn Income accouni JM Finn In¢ome accouni- 'A" portfolio JM Finn Deposit account JM Finn Deposii account- 'A' portfolio 514 607 4,968 2.302 492 65 557
The Alrd William$ Charitablt Trust Notts to the fiTh#ncial stat¢ments for iht exr ¢ded Sth A rÉl 21124 4) Analyw of Surpltys 21124 20 Surplus brou8ht fonward 109,720 101.426 lrtcom¢ for the year Inrest and dividerwjs from ityvestmenis In¢ereM from bank de91t account 82.951 480 ).520 EXndire for the year ¢bargeable to 11K.. DO10$ and 8Tan¢s t£gal and profetsional fees re income Foreign tsx on oYersea5 dividends 83,045 75,150 69.400 2.658 2.693 74,751 1925 80.971 Surplus Inco carried fonvard 119269 Fees for ihe prepar•iio• and eTmintio• ol the ac£ottts and other r¢l#¢td services 2024 2023 Inderndeni examiner Accounthncy servi¢es 1.5flJ 1.560 6) Related pArry trawsactions In¢luded within crediws ts £1.560 (20J? .. £1.560) accountsnts Penn and Company for the prepamton of the financial and other related wwk for the year eJwJed 5th April ?024. £1.560 (including VAD w&5 paid w Penn and Conwy during the year for the preparation of the financiat s¥*nts and other relatrd work for the year fflded 5th April 2023. Mr J H Penn is a Trus of The Alfred Williams Charitabl¢ Trust and h&$ an int¢rest in Penn arml Company (Suffolk) Limiwl which trades un&r the of Penn and Company. 10