The Willlamson Benevolent Trust Tru5tees' report and financial statejnents for the year ended 5 April 2025 darbys chartered rtffled accounlants www.datbys.cotn
The Williamson Benevolent Trust Content5 Page Charity infornution Trustees, report Independent examinerfs report Incom¢ and expenditure statement Balance sheet Noies to the fmancial statements 8-12 darbys thartered rtifIed auntants www.darbys.corn
The Williamson Benevolent Trust Charity information Registered ch*rity number 267375 Trustees Chair Cathcrine Richardson Margaret Cox Rodney William Duckworth John Chapman Secretary Stephen Carey Reglstered oftice 17 Storcroft Road Retford Nottinghamshire DN22 7EG Independeni examiners darbys limited ¢hartcrcd certified accountants 19 The Squar¢ Nottingham¥hire DN22 6DH Bankers Natwesi Bank Soiieitors Jones & Co Solicitors Cannon Square R¢tford Nottinghamshire DN22 6PB darbys chartered rtifIed accountants www.darbys.com
The Williamson Benevolent Trust Trustees, report for the year ended 5 April 2025 The trustees present their annual rcport along with the fanCIal statements of the charity for the year ended 5 April 2025. The financial statements have b¢¢n prepared in accordanc¢ with the accounting policies sei out on page 8 and comply wilh the charitys trnst d¢¢d and applicable law. Structure. governance and management Constitution and overnin documcnt Th¢ Williamson Benevolent Trnst is governed by a deed of trust dated 18th March 1974 a copy of which is available on application to the secrctary. Trustees a ointment and rotation The trust¢¢s who scrved during the year and since the year end are Show on page l. Trnstees induction and trainin If a vacancy occurs a n¢w trustee is approached in person and, if int¢r¢51¢d. is provided with a copy ol thc preyious ye*s accounts and a charity leaflet. Training is provided on an ad hoc basis as required. anisational cture The decisions to donate to the West Gate Benevolent Trust are driven by requests from West Gate. Ttlese requests are met provided there are su£fici¢nt funds available. Risk mana ement The trnstees have considered the major risks which the charity faces and ¢Olloider the variability of investmeni returns on the endowment fund to constitute ihe charity's major financial risk. Continued volatility on the worlds stock mark¢ts h85 ¢l¢arly dcmonstrated this risk. Thc trustees believe that maintaining r¢s¢rvcs at currcnt levels, combincd with regular reviews of inv¢stEncnt tM)licy will minimis¢ the risk and provide sufficient resources in the event of adverse ¢onditions. Objectives and activities Ob'ectiveti The objectives of thc charity are to invest and manage th¢ tnonies and investtnents of the tt lo produce income to be paid over to W¢st Gate Bcnevolent Trust (R¢gistered Charity No.. 503.506). The trustees may at their ab501ute discretion distribute su¢h income or capital as is not absorbed by the Wcst Ga Benevol¢nt Trusl lo oth¢.r charitablc bodies. or for PUTPOSCS or objecls, asso¢iat¢d with 1s¢f of need, hardship Gr distr¢ss. darbys chartered rtifIed 8C(x)untants www.darbys.com
The Williamson Benevolent Trust Tru$tee5' report for the year eDded S Aprll 2025 continued Activities On application from the West Gate Benevolent Trusi funds are provided to them as a grant making body. The trustees confinn that they have referred to the guidance on public benefit issued in the Charity Commission's generdl guidance when reviewing the Trusts aims and objeciives and in setting the grant making policy for the year. Grant makin olicies The firsi call on income is applications from the West Gate Benevolent Trust with any surplus funds being donated to national and lo¢al charities. How our activities deliver ublic benefit The ultimate beneficiartes of the Trust's activities ar¢ th¢ individuals receiving grants from th¢ W¢8t Gate Benevolcnt Trnst for the relief of need, hardship or distress. The tNstees are confident that the work of th¢ W¢si Gatc Bcnevolent Trust continues to deliver public b¢n¢fil. The trustees have not identified any potential detriment or hann arising from the Trust's activities arhd do not ¢onsider that anyone receives personal benefit oth¢r than the intended recipient of the final anL Financial review The invested capital generated income of £61,753 (2024 - £61,147) detailed in note 2. Realised profit on disposal of investments totalled £142.550 (2024 - £43,246} and the portfolio valu¢Ltion decreased by £9¥.374 to £2,079,407 (2024 - in¢r¢ase of £40,214 to £2,032,997). Princi al fijndin sour¢cs The charity is funded solely from th¢ investment portfolio, which is detailed in note 12. Reserves olie General reserves are not held as the twst deed staics that all income for th¢ ycar must bc dislributed. Grants are iherefore only made by West Gate Benevolent Trust if fund5 are available from this TTUSt. Investment Polic The investment portfolio is managed by LGT Vestra LLP. LGT Vestra LLP report all movement to (h¢ ¢nle¢s. The trustees have the right to reject an investment of which Ih¢y do not approve. In the year under review, all irL¢ome will be distributed under the tern]s of the deed of trust. Plans for futsre periods The TTUSt intends to continue to provide funds for the West Gate Benevolent Trust. darbys chartered rtifIed accountants www.darbys.corn
The Williamson Benevolent Trust Trustccs, rcport for the yeAr ended 5 April 2025 continued Trustees Responsibllitie$ In r¢lation to the t7naneial $tstetnents. Law applicable to charities in England and Walcs requires the trnsiees to prcpare financial statements for each financial year which give 8 trne and fair view of the charity's financial activiti¢s during the y&2r 2nd of its fanCIal position at the end of the year. In preparing these financial stat¢mcnts. the tDJstees are required io'.- a sele¢t suitsble accounting policic5 and th¢n apply them consistently. make judgJnents' arkd cstitnates that are rcasonable and pNdenL c state whether applicable accounting standards and slatements of recommended practi¢¢ have been followed subject to any departures disclosed and explained in financial statements. and d prcparc financial statements on the going concern basis unless it 1$ inappropriate to presume that the charity will continue in business. The tSfres are responsible for keeping accounting COrdS which disclose with reasonable accurACy at any time the financial position of the charity and enable them to ensure that the financial statements COEnplv with the Charities Act 2011 and follow the guidance for accoiinting for smaller charities issu¢d by di¢ Charity Cgmmission. Thcy are dlso rcspoIisible for safeguardin? the assets of the ¢hatity and hence fo,. taking reasonable steps for the prevention and detection of fraud and other irrcgularities. This report was approved by the Trystees on 3 October 2025 and signed on their behalf by Trustee darbys chartered rtifIed aCuntants www.darbys.com
The Williamson Benevolent Trust Independent examiners report to the Trustees I report to the trusiees on my examination of the Williamson Benevolent Trust (the Trust) for the year ¢nd¢d 5th ApIil 2025. Respon$lbllitles and basis of report As th¢ charity trustees of th¢ Ttust you are r¢sponsible lor the prepaTation of the accounts in accordance with the requirements of the Charities Act 2011 {'the A¢l'). rcport in respect of my examination of the Twst's accounts Carried out under section 145 of rhe 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under scction 14515)(b) of thc Act. Independen¢ examiners report I have completed my CAaTnination. I confirn) no material matt¢rs havc come to my atteniion in contkection with the examination giving m¢ caus¢ to bcli¢ve that in any material respect-. accounting rordS were Thoi kepi in respect of the Trust as required by section 130 of the Act; or the accountb do ILOt accord with those records; or the accounts do not comply with the applicable requir¢tnents concerning the fom and content of thc accounts se( out in the Chariti¢s (Accounts and Reports) Rcgulations 2008 other than any requiremenL% that the accounts give a 'tnJe and fair, view which is not a matter considered as part of an independent ¢Katnination. I have no concerns and have come across no other matterg in connection with the examination to which attention should be dra'n in this re)rt in order to enable a proper understsnding of the accounts to b¢ reached. Afftanda iVansellACA darbys limited 19 The Square Retford Nottinghamshire DN22 6DQ 3 O¢lob¢r 20?5 darbys chartered rtifIed awountants wW4.darbys.M
The Williamson Benevolent Trust Statement of financial #etivities jDcluding income and expendltllre accounl for the year ended 5 April 2025 Restricted Endowment Ceneral Fund Fund Total 2024 Notes IDcomlng re$our¢es lll¢omlng resources from generated fulld$ Investment income 64.753 64,753 61,147 Total incoming resour¢e$ 64,753 64,753 61.147 Resources expended C05t of gen¢r4tillg funds Cost of generating income 19,927 19,927 19,048 Charitable #¢tivitie5 Grants & donations 60,482 60,482 52,443 Governance Costs 1,158 1,158 1,158 Tot#1 resources expended 19,927 61.640 81,567 72,649 Net incoming (outgolng} resources 4 (19,927} 3.113 (16,814) (11,502) Gains l {lo$ses) on investment assets 44,176 44,176 83.460 Net movement in funds 24,249 3,113 27,362 71,958 Funds brought forward 2,038,464 53,769 2,092,233 2,020.275 Funds carried forward 2.062,713 56,882 2,119,595 2,092,233 The stat¢ment of activities includes all gains and105ses in the year. All incoming r¢sour¢es ond rcsource5 expended derive from continuing activities. Tbe note5 on pages 8 to 12 form an integral part of these finanelal statements. darbys thartered rbfled a¢(x)unlants www.darbys.com
The Williamson Benevolent Trust Balance sheel
s at 5 April 2025
2024 No¢e$ Flxed assets Invcstments 2,079,407 2,032,996 Bank current acCout Bank deposit account Inv¢sttnenl income account Inv¢stm¢nt capital account 21,633 89 18,147 1,477 30.273 88 6,445 23,589 41,346 60,395 Creditors: amollnts falllng due within one year (1,158) (1,158) Net current assets 40.188 59237 Ne¥ assets 2,119,595 2,092233 Unrestri¢¢ed funds Gen¢r&l reLrYe 56.882 53,769 56,882 53,769 Restricted fun<% Restricted reserve 2,062,713 2.038,464 2,062,71.3 2,038,464 Total funds io 2,119.595 2,092233 The fan¢7&1 s ents were approved by th¢ Ttustees on 3 0¢ber 2025 and signed on their behalf by Cql'berli e Rlehjrdson Cha¥T The notes on page$ 8 to 12 fui m an integral pirt of these financjal statements. darbys chartered rtifIed acct)untsnts .d8rt)ys.com
The Williamson Benevolent Tru5¢ A¢rounting policies 1.1. Basis of preparation of the accounts The accounts are prepared under the histori¢al Cost Conventio in accordance with Accounting and Rcporting by Charities.. Statement ofRecommended Practice applicable to Charitics preparing their accounL8 in accordance with FRS 102 (effective l January 2015) - (Charitieb SORP (FRS 102)) and the Chanties Act 201 Th¢ Charity meets tlie definition of a public benefit entity under FRS 102. AsS¢ts and liabilities are inilially recognise(l at historical cost or transaction value un1¢55 otherwise stated in the relevant accounting policy note(s}. There are no material unc¢rtaintses about the charity's ability to continue as a going concern. lJeomlng rewurces Unrestrieted fvnds are available for use at the discretion of the tNstees in firtherance of the general objectives of the charity. Reotricted funds are subjeei to restri¢lions on iheir expenditure imposed by the fettlor. IJ. Restsurces expended Expenditure is reco.Trnised on an a¢crual8 basis as a liability is incurred. Expenditure includes VAI- which ¢3nnot be recoveied. Cost of Generaiin Funds This compriscs the costs asso¢iat¢d with attracting volunlary in¢omc, and the costs associated wilh fvndraising ventures. haritable ex cnditure These costs ar¢ incUed by the charity in the delivery of its a1VitieS and services for bcn¢ficiaries. 11 includcs both costs that can be allocated direct to such a¢iivities and those costs of an indir¢¢t nJtt]re necessary to support them. Governanc.e Costs This includes those cost5 associated wilh me¥tinx th¢ constitutional and stattitory rwuirements of die Ciiarity, and include professional fees and all COS linked with th¥ sttategic man2gement ofthe charily. All costs are allocated between the categories of the SOFA on a basis designcd to rcflcct the use of the resou¢. Costs relatillg to 2 particular aotivity are allocated dircctlyy others are apportioned on an appropriate basis. Don*ted goods Th'e ch(lty has not reccived any material donatcd goods for own use. Smdll ttems are not recognised in the Statcmcnt of Financial Activities. 'rhe mon¢tary vilue of volunteer services is not recOlSed in the Slatement of Financial Activities. darbys chartered rtifIed accountsnls %wM.darbys.com
The Williamson Benevolent Trust 1.5. Inve51mentS Investmenls are stated at the market value as at the Balance Sheet date. The Stat¢ment of Finan¢ial Activities in¢ludcs th¢ nel gains and losses aLising on r¢valuations and disposals throughout the period. In¢om¢ from investments 2024 Listed investment int. received Dividends frovn listed investments-F.I.I. Bank deposit interest 838 63.914 1,063 60,083 64,753 61.147 Donations Donations to Westgat¢ B¢n¢vol¢nt Trust Other donations to national and local Charities 25,482 35,000 15,943 36,500 Total donations 60,482 52,443 Net incomlng / (outgolng) resources This is stated after ¢harging- Accountancy fees 1,158 1,158 1,158 1,158 Employees Th¢r¢ were no employees during the year. TAxation As a charity the trust is exempt from t&Yalion on income and g8in5 falling within Section 505 of the TeS Act 1988 or s256 of th¢ Taxation of Chargeable Gains Act 1992 to th¢ extrnt that thcsc arc appli¢d to its charitable objects. darbys (*bartered rtifIed accountants www.darby5.com
io- The Williamson Benevolent Trust Fixed a55et investments Listed investments Total Marbetv8lue At 6 April 2024 Additions Disposals Revaluations 2,032.996 249,492 (104,707) (98,374) 2,032.996 249,492 (104,707) (98,374) At 5 April 2025 2,079,407 2,079,407 Iyet book values At 5 April 2025 2,079,407 2,079.407 At 5 April 2024 2,Oi2,996 2,032,996 Dispos21 of inv¢51m¢nls diiring th¢ period r¢alised profit of £142,550 (2024 - £43.246) Creditor# amounts falling due wlthin one year 2024 Accruals and d¢f¢rrcd incom¢ 1,158 1,158 AnAlysi$ of net assets beheen funds Restricted Unrestricted Total 2024 Tangible fixed assets Curren: a&scls Current liabilities 2,062,ry13 16.694 2,079.4iiT 2,032,996 41,346 60,395 {1,158) {1,158) (1,158) 2.062,713 56,882 2,119,595 2.092233 io. Movements in funds Asat 05104124 Ineomlng resources Outgoing resourees Asat 05104125 Re$trieted funds 2,038.464 44,176 119,927) 2.062,713 2,038,464 LH,176 (19,927) 2,062,713 Uttreslrii'led funds G¢n¢ral fund 53,769 64,753 161.640) 56,882 53,769 64,753 (61,640) 56,882 Total funds 2.092,233 108,929 81,56ry 2.119,595 darbys chartered certified accountants www.darby5.com
The Williamson Benevolent Trust ii. Cash and bank movements Vestra Vestr# Current Deposit Income Capital 30,273 Total 2024 Balance$ blfwd Income Transfers Investment incom¢ Sal¢ pro¢¢eds 88 6.445 23.589 60.395 98,028 53,000 53,000 50 64.753 247.256 247,256 56.OIMI 61,147 360.562 64,702 83,273 89 71.147 270.895 425,404 575,737 Expenses Transfcrs Donations Purchases Brokers, charg¢s Bank charges Legal fces Audit fee 53,000 53,000 60,482 249,490 249,490 19,928 19,928 56.000 52,444 386,692 19,048 60,482 1,158 1.158 1,158 61,640 53,000 269,418 384.058 515,342 Balance$ clfwd 21,633 89 18,147 1,477 41.346 60,395 12. Endowment Fund 2024 Original gift from Mr R H Wllliamson (valued at 18th March 1974) Cash Gift from Mrs J F Dalton-Holmes InteTest free lo from Mr R H William50n Transfer from the estate of Mr R H WillianL50n 11.435 11,435 loo 1,000 1,000 .251,929 100 1,000 1,000 1,251,929 1,265,464 1,265,464 Reaiised gains investments sold Brought fotivard Cuent ycar less Charges 172,513 142,550 {19,927) 148,315 43,246 (19,U48) 295,136 172.513 Unrealised gains on investments held Brought forward cU¢t year 600,487 {98.374} 560,273 40,214 502,113 600,487 Balances clfivd 2,062.713 2,038,464 darbys chartered certified accountants %wM.darbys.¢om
12- The Williamson Benevolent Trust 13. Rel*ted party transactions During the year the charity donated amounts totalling £25,482 (2024.. £15.943) to Th¢ Wcst Gatc Benevolent Trusi, a related party. darbys chartered Certified accountants wKw.darbys.com