The Wllllwwn Benevolent Trnst
Trusteu, report and Ilun¢i*l $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 statem￿t
Balance she
Notes to the fitwicial stsiemcnts
8-12
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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
da￿￿3 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
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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 fri￿t 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 l￿fle1. Training is providcd on an ad hoc basis as requir￿.
isational strUC￿re
The decisions to donate to the West Gate Benevoknt Tn￿ are driven by Tequests from West Gate.
These requests are D￿t 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 T￿st to other charitable b(NJi¢% or for purpos¢s or objects, asgxiated with
relicf of need. hardship or distress.
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The Williamson Benevolent Trust
Trustees, report
for the year ended S April 2024
. ¢ontinued
Activities
On application from the West Ga* Benevolent Tn￿t 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 appli￿tiOnS 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 Tn￿1 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
Fln4nd*l 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 - d￿rease of £59.487 to £1.923,406).
Pn'nci
al fundin
sources
The clwity is fi￿ded 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 Tn￿t 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.
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The Wllll*msoth Bethtvoknt Trust
Tru5¢ees' report
lor tbe year ended S April 2024
. ¢ontinued
Tru$te¢$' Responsibilities in relation to the fin*ndal 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 fu￿￿ela1 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 f￿ancIal 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
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The Williamson Benevojtnt Trust
Independettt eumthers report to the Truslees
I report to the tr￿steeS on my exaMin￿10n of the WillianLqon Benevolent Trust (the Tn￿} for the year
ended 5th April 2024.
Respon$ibili¢Se$ *nd b*sls of rew•rt
As the charity trustees of the TTU5t you arc rwonsible for the prei)aration of the accounts in I￿Orda￿e
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 examin￿10n. I confirni matcriAI rtutteTS have come to my attention in ￿n￿eCU0￿
with the examina¢ion giving m¢ caus¢ to ￿lIeve that in any material respcd:
accounting recorth weTe not kepl in res￿1 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
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The William50n Benevolent Trnt
Stxlement of finaDd*l •¢tMtles
Indwdlng income 8Dd expendi￿re *ecouDt
ror the ye*r ended S April 2024
EndoTYment Gener
F¥*d
Fund
Totsl
2023
Notes
In¢oming resources
Incomlng resources from genc￿ted 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
Ch4rit*ble a¢tlvldes
Grants & donations
52.443
52.443
44.281
Govern*Dce 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)
G*in$ l (losses) on investment #s*ts
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
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The Williamson Benevolent Tr•st
B*laRte 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 Sep*mber 2024 aDd signed on their behalf
by
Catherine Ri¢hardson
Chatr
The notes on pages 8 to 12 form integral part of the8t fm*nei*l st*¢emellts.
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The WllllamsoD Benevolent TTUSt
Aecounting policfies
B*$is of prep*r8tloD of the Attounts
The accounts are prepttrtd urtder the hi￿orical 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.
Restri￿ed fiu]ds are subjeth ￿ rtstrictions OD their expendinty¢ IM￿ by the settlor.
1.3. Resources e4￿nded
Expendiwr¢ is r¢cognised on an accntals basls Ls a liability is incurred. Expenditure in¢ludes VAT
which cal￿01 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¢ all￿ated 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 con￿l￿]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 deSI￿d to r¢flect the use of
the resource. Cos15 rel￿1ng to a particular a¢tivity are all￿ated 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.
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The Williamson Benevolenl Tntst
Inves¢methts
Investments are stated at th¢ Mark￿ value a5 at the Balance Sheet date. The stllten￿t 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 in*resi
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.
T8x*tio
As a charity the trust is exempt from tsxation on income and 80ins falling within Section 505 of th¢
Taxes Act 1988 or $256 of the Twtion of Chargcablc Gains Act 1992 to the extent that these ar¢
applied to its charitable objects.
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io-
The WllliaD￿oll Benevolent Trn$t
Flxed asset knvestments
Listed
InvatRieuts
Tot81
M•rk¢l Y*lue
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 f*llln% 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¢ r￿ed 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
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li
The Williamson Benevolent Trnst
ii.
C￿h And bank movements
V¢5tra
Ve5tr*
Current Deposlt Ineome C*pit*l
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￿[Ch￿Se$
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)
Bal*Dees 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 Willian￿M
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
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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.
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