The Wllllwwn Benevolent Trnst Trusteu, report and Ilun¢il $t•tements for the yar ethded 5 Aprll 2024 darbys •
The Williwnson BeDevolellt Trnst Contents Page Charity infomwion Trustees, report Independent examinds r¢tM)rt In¢ome And expendilure statemt Balance she Notes to the fitwicial stsiemcnts 8-12 darbys
The Willixmson Bettevolent Trust Cbarity Inforniatioth Registered ¢h4rhy Dumber 267375 Trustees Chair C#th¢rirLe Ricbards(m Margard Cox Rodney William Duckwoffh John Chapman Secretsry Stepbcn Carey Reglstered offiee 17 Str)rcroft Road R¢rfoTd Nottinghanlshire DN22 7EG Independent ex*mlners da3 limited chartered certifi¢d accountanLS 19 The Square Nottinghamshire DN22 6DH Bankers Natwest Bank Soll¢hors Jones & Co solicit cann Square R¢tford Nottingh3msbire DN22 6PB darbys
The Wllllamwn Benevoknt Trnst TTUStees' report for tb¢ year 5 April 2024 The tsustees present their annual re along with the fittanc1 stÈt¢ments of the ¢lwity for the year ended 5 April 2024. The financial 51a¢ements have been prepared in accordance with the accounting polici¢5 oul on page 8 and comply with the charitys frit deed and applAcAbl¢ law. Struc¢uTe* governance and management Constitution and overnin documetti The Williamson Benevolent Trust is gov¢m¢d by 4 d¢¢d of trt d8trJ 18th March 1974 a copy of which is availabk on application the secretary. Truste ointment and rotation The tsIL8tees who s¢rved during the )rar and since the year end are shown on page l. Ttusttts Induction and trdinin If a vacancy occurs a new tt1 is approa¢h¢d in person 8rf if interested. is provided with 8 copy of the previous a¢cou4ts and a charity lfle1. Training is providcd on an ad hoc basis as requir. isational strUCre The decisions to donate to the West Gate Benevoknt Tn are driven by Tequests from West Gate. These requests are Dt provided there are suffi¢ient filnds available. Ri k mana ement Th¢ tsNsi¢¢s have considered the major risks which the charity faces 2nd consider the Irdriability of inveslment returns on the endowmefti fimd to eonsiimte the charl$ nthjor finan¢io1 risk. Coniinu¢d volaiility 00 the worlds stock matkets has clearly demol this risL The trust¢es b¢liev¢ tha¢ maintaining reserves at current level4 combined with regular reviews of inv¢stment policy will minimis¢ th¢ risk and provide suffi¢ient resources in the event of adverse conditions. Objectives Ind x¢tfvltks Ob'ectiV¢5 The objectives of the charity are to invest and manage the monies and itivestments of the trust to produce iThcome to be paid over to we Benevolent Tn¢ {RegisteTed Charity No: 503506). The ttitstees may at their ab501ute discretion distribute such income or capital &$ is not absorbed by the West Gkt¢ Bcncvolent Tst to other charitable b(NJi¢% or for purpos¢s or objects, asgxiated with relicf of need. hardship or distress. darbys
The Williamson Benevolent Trust Trustees, report for the year ended S April 2024 . ¢ontinued Activities On application from the West Ga Benevolent Tnt funds are provided to them as a grant making body. The trnst¢¢s confjrn) that they have referred io the guidance OD public benefit issued in the Cbariiy Cotnmission's general guidan¢¢ when reviewing the Tru#'S ainLS and objectives and in setting the makin8 p)licy for the year. Grant makin olicies The first call on incomc is applitiOnS from the Wesi Gate Benevolent Tru with any SUTplus fuDds b¢in8 th)nat¢d to naiional and local chariti¢S. How our activities dclivcr ublie benefit The ultimate b¢nefioiaties of the Trusvs activiti¢s are the individuals receiving grants from th¢ West Gate Benevolent Tn1 for the r¢li¢f of neeAI. haTdship or di$trw. The truste confident that the work of th¢ West Gate Benevolent Trust conlsnues lo deliver public benefiL Th¢ trust$ bave not identified aoy potential detriment or Iwm arising from the TDJSVS a¢tiviti¢s and do not consider that anyone re¢eives personal benefit other than the intended rxipient of the final Fln4ndl revlew The invested ¢apital g¢tmted income of £61.147 {2023 - £56.808) a5 detsiled in no 2. Realised profit on disposal of iDV¢Stments totalled £43246 (2023 - £47,349) and the portfolio valuation increased by £109.591 to £2,032,997 (2023 - drease of £59.487 to £1.923,406). Pn'nci al fundin sources The clwity is fided solely from the investrnent portfolio, which is d¢tail¢d in note 12. G¢neral reserves are Dot held as the trust d¢¢d states that all in¢om¢ for the year must be distributed. Grdnts are therefore only made by West Gate Ben¢vol¢nt Tnt if funds are available from this Trust Investment Polic The investment portfolio is managed by LGT Vastra LLP. LGT Vestrd LLP Teport all mov¢ment to the trusle¢s. The trwtees have the right to reject an investment of which they do not approve. In th¢ year under review. all income will be distthuted under the of the deed of tn Plans for future periods Thc Tn illtends to continue to provide funds for the West Gate Benevoleni TnL8t. darbys
The Wllllmsoth Bethtvoknt Trust Tru5¢ees' report lor tbe year ended S April 2024 . ¢ontinued Tru$te¢$' Responsibilities in relation to the finndal statement& Law applicabl¢ lo chaTities in Englatjd and Wales requires the tnLsie¢s to pr¢pare fitwicial statements for each fmancAaL year whi¢h giN¢ a true and fair view of the chariws financial activities dunThg the year and of its fuela1 position at the end of the year. In pr¢parAng th¢s¢ financial statemen4 the trustees are required to:. a select suitable accountill8 lie]eS and th¢n apply them consi5teDtIy. b make judgme.nts and estimates that are re&8onable and pnKlenL 5tste whether applicabl¢ a¢¢oulliing slmndards and slat¢ments of recommended prathi¢e have been followed subject to any departures disclosed and explained in fnwicial siatrments; and d preparc financial ststements on the going cow¢rn b&sis uol¢ss ti is inappropriate to presume that the charity will continue in busill. The tn are respot)sible for keeping acwuttlitEg rrwrds which diw105e with r¢450nable accuracy at atLy time th¢ fwancial position of the charity and enable them to eJL8ure that the fancIal sts*ments comply with the Charities Act 2011 and follow the guidance for accounting for smaller charities issued by the Charity Commission. They are also resw)nsible for safeguarding the assets of the chwrity and h¢nce for taking reasonable steps for the pr¢v¢niion and dewton of frdud and other irregularities. This report w&$ approved by the TnLsie¢s on 13 S¢pi¢mb¢r 2024 and signed on their behalf by Trustee darbys
The Williamson Benevojtnt Trust Independettt eumthers report to the Truslees I report to the trsteeS on my exaMin10n of the WillianLqon Benevolent Trust (the Tn} for the year ended 5th April 2024. Respon$ibili¢Se$ nd bsls of rew•rt As the charity trustees of the TTU5t you arc rwonsible for the prei)aration of the accounts in IOrdae with the r¢quir¢ments of th¢ Clwiti&s Act 2011 ('the Acfj. I rel in respect of my examination of the Tn accounts carTied out under s¢¢tion 145 of the 2011 Act and in carrying.out my examination I have followcd all the appltcable Dirtttions giv¢n by the Charity Comtnission under section 145 (5Xb) of thc A¢L Independent examlners report l ihave cotnpleted my examin10n. I confirni matcriAI rtutteTS have come to my attention in neCU0 with the examina¢ion giving m¢ caus¢ to lIeve that in any material respcd: accounting recorth weTe not kepl in res1 of th¢ TnLSt 18 required by seciion IJO of the Act. or the accounts do noi accord with those r¢cords: or the accounts do not coll]ply with the applicable ryuirements coneeming the forni and content of the accounts set oul in the Ch#riti¢s (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a'tsue aTKI faif view which is not a matter ¢onsideT¢d as part f an itidependettt examinaiiotL I have no conc¢n)s and have come acro&s no other matteT5 in connection with ihe examination to which attention should be dTawn ID thi5 report in order to eroble a proper un&r5tsnding of th¢ accounts to be reach¢d. ManseUACA dathys limited 19 The Squ¢ R¢rford DN22 6DQ 13 Sept¢mb¢r 2024 darbys
The William50n Benevolent Trnt Stxlement of finaDdl •¢tMtles Indwdlng income 8Dd expendire ecouDt ror the yer ended S April 2024 EndoTYment Gener F¥d Fund Totsl 2023 Notes In¢oming resources Incomlng resources from gencted fuods Inve5tm¢nt income 61.147 61.147 56,808 Totsl in¢omln£ resourcos 61.147 61.147 56,808 R¢sour¢¢s expended Cost ofgenerathig funds Cost of generating income 19.048 19,048 18,841 Ch4ritble a¢tlvldes Grants & donations 52.443 52.443 44.281 GovernDce costs l.l58 1,158 1.158 Tol•l resour¢es expended 19.048 53,601 72.649 64280 Nd iNtomfing {outgolng) re8ources 4 (19.048) 7.546 (11.502} (7,472) Gin$ l (losses) on investment #sts 83.460 83.460 (35.336) Net movement ill fund> 64.412 7.546 71.958 (42,808) Funds brought fonvard .974.052 46223 2.020275 2.063,083 Funds carried fonv*rd 2.038,464 53.769 2.092,233 2.0"0.275 The ststement of a¢tivitie$ includes all gains and los ID the year. All incoming res0w and resources expended derive from continuing acuvities. The notes on page$ 8 to 12 form #ll lllttgrni part (tyf these fmanclal sts¢ement darbys
The Williamson Benevolent Tr•st BlaRte sheet as at S April 2024 2023 Notes Flxed assets tDvcslments 2.032.997 1,923,406 B2nk current account Bank deposit ¢ounl Investmcni income account Inv¢sttn¢ni capithl account 30.273 88 6.445 23.589 27,875 87 1.298 68.768 60.395 98,028 Credltors: amouDts faUIDg due Ivilhin one year (1.158) {1,158) Net current •ssets 59236 96.870 Net assets 2.092.233 2,020,276 Unrestricted funds General reserye 53.769 46224 53.769 46.224 Restrl¢ted funds Restricted reserye 2.038.464 1.974.052 2,038,464 1.974.052 Total funds io 2.092233 2.020,276 The fM)au¢i81 staiements were approved by th¢ Tnwe¢s on 13 Sepmber 2024 aDd signed on their behalf by Catherine Ri¢hardson Chatr The notes on pages 8 to 12 form integral part of the8t fmneil st¢emellts. darbys
The WllllamsoD Benevolent TTUSt Aecounting policfies B$is of prepr8tloD of the Attounts The accounts are prepttrtd urtder the hiorical cost convention. in accordance with Accounting and Reporting by Cbarities". Statemeni of Recommended PTactice applicabl¢ to Cbarities prwiug their accounts in ac¢ordance with FRS 102 (effeL#iv¢ l January 2015}- (chariti SORP (FRS 102)) and the Clwities Act 2011. The charity mttts the definition of a public benefit cntity wider FRS 102. A55ets and liabilities are initially re¢ognised at historical Cost or transaction Vdluc unle&s oth¢nvise ststed in thc l¢Vant a¢¢owiling policy not¢(s). Th¢r¢ are no material uncertainties about thc charitys ability lo continue 8s a going concenL 1.1 Incoming resoMr¢es Unrestricted fimds are available for us¢ 4t th¢ dis¢retion of the trustees in fithherdnce of the g¢n¢ral objectives of the charity. Restried fiu]ds are subjeth rtstrictions OD their expendinty¢ IM by the settlor. 1.3. Resources e4nded Expendiwr¢ is r¢cognised on an accntals basls Ls a liability is incurred. Expenditure in¢ludes VAT which cal01 be r¢cov¢r¢d. Cost of Generdt This comprises the costs associatcd with altradiog voluntary incollK. and the costs asso¢iat¢d with fundraising ventures. Chatitablc cx ¢nditu Th¢s¢ Costs are incurred by the charity in thc dclivery of its activities and selvices for ben¢ficiari¢s. li includes both ¢osts that Can b¢ allated direct su¢h a¢tiwti¢s and those costs of an indirect natur¢ n¢Ssary to support thenL Govemance costs This includes those costs associated with me¢ting the conl]tiOn#I aTrJ sfathtory rquirenKnts of th¢ charity. and includ¢ prof¢55ional fees and all c(8 litiked with the strategic managemenl of the cbatity. All costs are all¢J¢at¢d brtw¢¢n the categori&s of the SOFA on a b&sis deSId to r¢flect the use of the resource. Cos15 rel1ng to a particular a¢tivity are allated directly. others are apportion¢d on On oppropriate b&sis. IA. Donated goods charity has not received any matcrial donated g(K)ds own use. Small ite are not recognised in the Stsiemeni of Financial Activiti. The monctary value of volunteer s¢rvi¢es Is not re¢ognis¢d it) th¢ Ststcment of Financial Activities. darbys
The Williamson Benevolenl Tntst Inves¢methts Investments are stated at th¢ Mark value a5 at the Balance Sheet date. The stlltent of Financial Activities include5 the net gaiLs and loues arising on rev41uati(yns arid disposals throughout thc pcriod. Income from Investmellts 2023 Listed inv¢stment int. received Dividcnds from listed investsnents-F.LI. Bank deposit inresi 1,063 60,083 6.241 50.567 61.147 56,808 Donations Donations to Westgate Benevolent Tn Other donatioDS to national 3nd local Charities 15.943 36.5(K) 14,281 30.000 Totsl donations 52,443 44281 Net incomlnl l (owtgoing) resources This is stated after charging: Ac¢ounlancy fees 1,158 1,158 1.158 1.158 Employees There were no ¢mployees during thc year. T8xtio As a charity the trust is exempt from tsxation on income and 80ins falling within Section 505 of th¢ Taxes Act 1988 or $256 of the Twtion of Chargcablc Gains Act 1992 to the extent that these ar¢ applied to its charitable objects. darbys
io- The WllliaDoll Benevolent Trn$t Flxed asset knvestments Listed InvatRieuts Tot81 M•rk¢l Ylue At 6 April 2023 Additions Digposals Revaluation5 1,923.407 386.692 {317,316) 40,214 1,923,407 386,692 (317.316) 40,214 Ai 5 April 2024 2.032.997 2,032,997 Net book VAlues At 5 April 2024 At 5 April 2023 2.032.997 2.032.997 .923.407 1.923.407 Disposal of investDwits during the periLMJ realisd profft of £43246 (2023 - £47.349) Credltorn.. amounts fllln% d4¢ within one year 2023 Accrnals and deferred income 1.158 1.158 Analysis of net asse¢s be¢ween funds RestrActed Unrestricted Tothl Tangibl¢ red assets Current asscts Current liabilities 2.032.997 5.467 2.032,997 1.923,406 60J94 98.028 (1.158) (1.158) 54.927 (1.158) 2.038.464 53.769 2.092233 2.020276 io. MovemeDts IM fbDds Asit OYOW23 lJ¢omlng resources Outgoing re50ur¢ Asat 0511M124 Restricted funds .974,052 83,460 (19,048) 2,038,464 1.974.052 83.460 (19.048) 2.038,464 Unrestrl¢ted fundg Generni fund 46223 61,147 (53.601) 53.769 46223 61,147 (53.601) 53,769 Totsl funds 2.020275 144.607 72.649 1092233 darbys
li The Williamson Benevolent Trnst ii. Ch And bank movements V¢5tra Ve5tr Current Deposlt Ineome Cpitl 27,875 87 1298 68.768 Totsl 2023 Balances blfwd Income Transfers Invesm]eni income Sale proceeds 98.028 81,349 56.CK)O 56.0(K) 61.147 3.561 360.561 60.0(KI 56.808 378,269 61.146 83.875 88 62.444 429.329 575.736 576.426 EIpen8es Transf¢ Donations I[ChSe$ Broke, ¢harges Bank cFLarges Izgdl fees Audit fee 56,(KM) 56.(KKI 52,444 386.692 386.692 19.048 19.048 52,444 44.281 354,119 18,842 1.158 1,158 1.158 53.602 56.OIN) 405,740 515.342 478,4(X) BalDees elfwd 30.273 88 6.4M 23.589 60.394 98.026 12. Endojvment Fund 2023 Original gift from Mr R H WlllianLson (Valu at 18th March 1974) Cash Gift from Mrs J F Dalton-Holmes Inttrest frec loan from Mr R H Williamson Trdnsfer from the emie of Mr R H WillianM 11.435 11.435 l(K) 100 1,000 1.000 1251.929 1251.929 1265.464 1.265.464 Reallsed gains on investments sold BTOU8ht forward Currcnt year less charges 57.971 43.246 (19.048) 29.463 47349 (18,841) 82.169 57.971 Unreallsed gafins on Investments held Brought forward Current year 650.617 40214 733.302 (82,685) 6.831 650.61 ? B#l4n¢¢s cjfwd 2.038,464 ,974.052 darbys
12- The Wllll#mson Benevoknt Trnst 13. Related party transactions During th¢ year the ¢hariry donated aDM)unts Walling £15.943 (2023: £14,281) to The West Gat¢ Benevolent Tn. a related paty. darbys