The Willlamson Benevolent Trust
Tru5tees' report and financial statejnents
for the year ended 5 April 2025
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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
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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
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¢hartcrcd certified accountants
19 The Squar¢
Nottingham¥hire
DN22 6DH
Bankers
Natwesi Bank
Soiieitors
Jones & Co Solicitors
Cannon Square
R¢tford
Nottinghamshire
DN22 6PB
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The Williamson Benevolent Trust
Trustees, report
for the year ended 5 April 2025
The trustees present their annual rcport along with the f￿anCIal 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 t￿￿t 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.
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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¢ ¢n￿le¢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.
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The Williamson Benevolent Trust
Trustccs, rcport
for the yeAr ended 5 April 2025
continued
Trustees Responsibllitie$ In r¢lation to the t7naneial $tstetnents.
Law applicable to charities in England and Walcs requires the trnsiees to prcpare financial statements
for each financial year which give 8 trne and fair view of the charity's financial activiti¢s during the
y&2r 2nd of its f￿anCIal position at the end of the year. In preparing these financial stat¢mcnts. the
tDJstees are required io'.-
a sele¢t suitsble accounting policic5 and th¢n apply them consistently.
make judgJnents' arkd cstitnates that are rcasonable and pNdenL
c state whether applicable accounting standards and slatements of recommended practi¢¢ have been
followed subject to any departures disclosed and explained in financial statements. and
d prcparc financial statements on the going concern basis unless it 1$ inappropriate to presume that
the charity will continue in business.
The t￿Sfres 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
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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$lbllitles and basis of report
As th¢ charity trustees of th¢ Ttust you are r¢sponsible lor the prepaTation of the accounts in accordance
with the requirements of the Charities Act 2011 {'the A¢l').
rcport in respect of my examination of the Twst's accounts Carried out under section 145 of rhe 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under scction 14515)(b) of thc Act.
Independen¢ examiners report
I have completed my CAaTnination. I confirn) no material matt¢rs havc come to my atteniion in contkection
with the examination giving m¢ caus¢ to bcli¢ve that in any material respect-.
accounting r￿ordS were Thoi kepi in respect of the Trust as required by section 130 of the Act; or
the accountb do ILOt accord with those records; or
the accounts do not comply with the applicable requir¢tnents concerning the fom and content of
thc accounts se( out in the Chariti¢s (Accounts and Reports) Rcgulations 2008 other than any
requiremenL% that the accounts give a 'tnJe and fair, view which is not a matter considered as part
of an independent ¢Katnination.
I have no concerns and have come across no other matterg in connection with the examination to which
attention should be dra￿'n in this re￿)rt in order to enable a proper understsnding of the accounts to b¢
reached.
Afftanda iVansellACA
darbys limited
19 The Square
Retford
Nottinghamshire
DN22 6DQ
3 O¢lob¢r 20?5
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The Williamson Benevolent Trust
Statement of financial #etivities
jDcluding income and expendltllre accounl
for the year ended 5 April 2025
Restricted
Endowment Ceneral
Fund
Fund
Total
2024
Notes
IDcomlng re$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$ses) on investment assets
44,176
44,176
83.460
Net movement in funds
24,249
3,113
27,362
71,958
Funds brought forward
2,038,464
53,769
2,092,233
2,020.275
Funds carried forward
2.062,713
56,882
2,119,595
2,092,233
The stat¢ment of activities includes all gains and105ses in the year. All incoming r¢sour¢es ond rcsource5
expended derive from continuing activities.
Tbe note5 on pages 8 to 12 form an integral part of these finanelal statements.
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The Williamson Benevolent Trust
Balance sheel
#s at 5 April 2025
2024
No¢e$
Flxed assets
Invcstments
2,079,407
2,032,996
Bank current acCou￿t
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 f￿an¢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.
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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¢ incU￿ed by the charity in the delivery of its a￿1VitieS 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 recO￿lSed in the Slatement of Financial Activities.
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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
T￿eS Act 1988 or s256 of th¢ Taxation of Chargeable Gains Act 1992 to th¢ extrnt that thcsc arc
appli¢d to its charitable objects.
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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 beh*een 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$trieted funds
2,038.464
44,176
119,927)
2.062,713
2,038,464
LH,176
(19,927)
2,062,713
Uttreslrii'led funds
G¢n¢ral fund
53,769
64,753
161.640)
56,882
53,769
64,753
(61,640)
56,882
Total funds
2.092,233
108,929
81,56ry
2.119,595
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The Williamson Benevolent Trust
ii.
Cash and bank movements
Vestra
Vestr#
Current Deposit Income Capital
30,273
Total
2024
Balance$ 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
Cu￿ent 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
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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.
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