THE WAKEHAM TRUST ANNUAL REPORT AJYD FINANCIAL STATEMENTS FOR THE YEAR EIYDED 30 JUP4E 2024 THE WAKEHAM TRUST ANNUAL REPORT AIYD FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2024 P￿¢ Independent Ex&nin&s Rewrt Statement of FitWLciat Activitits Batance Sheet Schedul¢ of Inv¢strn¢nts and In￿me Notes to the Financiaj Ststem¢t 10- 14 THE WAKEHAM TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees are plea8ed to pttsent their report together with the fithancial statem¢nts of the tharity for th¢ y¢ax ended 30 June 2024. The firJèrt¢ial statements b&v¢ be¢n prepp￿d in accordance with the accourtting policies set out in the notes to the finiuKia] statements al￿ comply with thE dwity'5 governing documeni. the Charities A¢t 2011 ond A¢¢ountsng ￿)d R¢porting by ChaTities'. Statement of R¢wmmended Practice applicable to charities prepaTing their accounts irj accordance with the FLnatl¢Lal ReJy)rting stonde￿ 4pplicabl¢ itl the UK 4nd Republic of Ireland pllblished in October 2019. Objectives activities The Trusttts may pay or apply the unrestricted capita] aDd incomc of the ChErity to or for such charitable institutions or purposes as the Trustees in their absolute dI￿¢tion think fiL The Trustees carry out these objectiv¢s by r¢gu]aTly corb5id¢rin8 appeals from other charities and making rM)licy and fijnditig decisions. Although we ¢an Support any charitable project. we tend to focus most of our grants on two dIfftr￿ ficld4' the miCr￿fijTrdin8 of tomthunity *tion & wrllmunity service prowmes. and the SUPPOTI of a￿1¢mi￿ ¢x¢¢llenc¢ in teathillg aTJd le￿nIn& These are aTets8 in which the Trustees have direct cxperien¢c and where fi]nding 15 often h￿d to come by. Comjnuni Pro ccts Thi$ is where wc ]nake most of our 8rants. ln g¢n¢ral w¢ lTri e to help project5 that are sm￿[ 5calt and would find it hard to gel fitymjing from bigtrjsts. Th￿e are the quesiions we ask ourselve5 when evaluating proj¢ets'. - Is it something new for this particular area? It &)esn't mat¢eT if the idea 1$ tried tested in other patts of th¢ Country. If it is n¢w for this community th¢tL Wt are interested in hearing about IL Is it small? W¢ rJo￿allY givt ￿ants to Jxojetts wh¢r¢ ￿ initial £125 to £2.5(KJ can make a re41 difference. We almost n¢v¢r m8k¢ eontributions to large 8ppeal$. suth as for buildirlgs or minibuses. In genuai. we look at what it is costing perryhead to reach the p¢opl¢ the project is helping. - Is li rLJn by ordinary people, not professionals? ThiB l8 Psrtly a fvnaion of size- once a project is big enough to employ staff, it is Probably too big for iL5. It is a150 a fUT￿tion of ow philosophy. All the community projects w¢ suptKprt have, as a co]nTllon the cmFowernient of ordinary non- prof¢ssional pcopl - Will it ftnd it hatd to get support elsewhere? We ty to help thse projects that OT¢ too n¢w gjjd experimental io get SUP[￿ through ¢stsblish¢d raising ¢h8nnels, or which lif establishcdl are under thrtat due to changes in national or local ￿liCY. - Does it have the po1rnt1￿ to b¢¢om¢ s¢ifsuprA)rting. We like to see infornwtion that show5 how the project will 8upp)n itself in fimJr¢ yegjs or lif it is a short-lif¢ project) over the course of lis lifr. We nred to know that the project is well planned, and that the people running it hawe their feet on the grourml. W¢ a]so likn to 5¢¢ thai projects have done Some fi￿draiSing for themselve5 even if the amounts r￿sed are sm8]l. befor¢ we wmmit our own funds. - Is it outward looki￿ rather than being focused on its own memE¢rs? W¢ especially keen to help 8mllp$ who are usually considered recipients of Vol￿)1&ry a￿10Th (for example old age pensioncrs, fug¢¢s or young offenders) when thes¢ p¢ople becotne iDvolved in helping oth¢r wup5 in thp Gommunity- becau5¢ thi5 helps ¢m[￿Werthe volunteers them$¢lve4 45 WCII as SUP[￿rtIll8 the project they are working on. - Docs it hav¢ a U.K. charity nutnbEr, or CM it find a charity to aceept fijnds on its b¢hd If your or8anis&tion is a U.K. r¢8iStered dkriry, pleas¢ giv¢ its full n8mt and charity number. If your organi$*ion is no¢ ? r¢gister¢d ¢h*ity, we cannot make grants directly tts it. How¢vcr. wc can som¢timc mak¢ a grant io a r¢gist¢red ¢lL￿]ty in your ar¢& whith caJL vouch for you and ttMI will pass th¢ money directly onto your proj¢¢t. THE WAKEHAM TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Edu¢*tion We make v¢ry few grants in the field of ¢dU￿tiOn though when w¢ do, they tend to bc very much laJgtt than i5 norn)al for In r¢¢eni ye*s we hav¢ supponed programm¢s aim¢d at fost¢ring acadelnic excellence at all levels for example, gifted and tslented progrJJnmes in schools.. supFx)rt for th¢ sixth fonn of a comprehensive school thai used to be in special mea8ures but is now building its academic reputation; high4V￿lity tutorial teaching in universities., scholarships for ma￿tr,$ $ttthnts fo¢us¢d on humanities subje¢ts' an annual grant to a national fund that provid¢s $¢lK)larships foT the children of UK s¢rvi¢¢ TKT50nnel. These are all fields that have had fi]ndin8 from other sources cut ovcr the past twenty years.we don't provide help or scholarships to individuals. Whot w¢ dts not help We almost nevcr hclp hard•SCien(z medical projects. Nor do we supp)rt counselling, family-tlwapy ortd self-belp proj¢¢ts. The medical ones tend to be too big for us, and all of these medical attd qu&%1 m¢di¢al fs¢lds are very hwd for us ¢C* evaluate. Wc don'i ￿%￿allY help art￿perforr[LallcC project5. We cant help project$ ouiside th¢ UK, ¢x¢¢pt wh¢n we hav¢ p￿sOnal knowledge of them- it is too expensive tts manage. and too ￿p¢￿Sive ￿ transfer the funds since many of our grants are very 5mg11. We do nol support individua]s to go on a gap-year community s¢rYi¢¢ PTOjWt OV￿5¢aS. Public Benefit The Trusteu confimi that they have complied wtth the duty in section 17 of the Chariti¢5 Act 2011 alljd have r¢ferr¢d to the guid8ll¢e contsined in the Charity Commission'$ gerter￿ guid¥nce on public bcnefii when reviewing the Charity's aims 8nd obj¢rlive5 a￿d in plajjning bjture activities and setting th¢ donalion5 policy for the year. The benefIi that arises is the provision tsf funding to orwiisations that demonstrnt¢ Ch￿itable purtM)se. Aehitvemtnts and perfornlante During the y¢ar th¢ TNst¢es made 8r8nts iots]lin8 £38,30012023.. £53.1601 in Sthherance of their objectives and coMtnu¢ to make grants to Ch￿itable otEanis8tion$ both ots 14 onwff and recurring basis. The laT8U awarded durin8 the year are sM¢d in the notes to the financial S￿eMent￿ The TNstc¢8 are plcas¢d with the progress rnade in the financial year ended 30 June 2024 and look forward to expanding their workwith matsy tsih¢r rharitics in the years to com FiDaneiAI review The Tru5te¢s received £44,993 irt investtnent income in the current year12023.. £23,670] OJLd the Truste¢s h4v¢ achieved their intention of spending th¢ inEotn¢ on charitable aciiviti¢s. Net incoming T¢SQUTce5 for the year were £1.023 12023: outgoing £32,503]. In addition the Trust made an unrealised 8ain of £115.94612023= loss £6,858]. The incoming movement on fund5 was £118,57112023'. it￿)mIng £10.5S71. Investment polity The Trusi¢es have InstnJct￿ the Investsnent Manager that the FQrtfolio is kn bt invested to produce a suitable rnix¢uTe of income in order that the level of grant5 may be mainlained and capita] growth to se¢ure the fvture of the Ch￿lty over the cotniThg years. The Tnmees ￿nffidentthat the fvwre in¢om¢ Stream i5 securc. The invcslment policy is monitorcd by Tegular investment ryns and meetinRs with the Investtnem Manag¢r. A brevkdown of the investments held dwing th¢ financial year ended 30 Jun¢ 2024 ¢an b¢ s¢¢n on page 9. Rlsk Man¥gem¢nt The major risks io whiththe Charity is exposed have been identified and steps taken to Tnitigate those risk5. The m￿n risk to th¢ Charity concerns the invesrmenis hdd. Thc Tru5t¢e5 have mitigated this risk by tngagittg CAzenove Capital to manage the In￿$t￿ents and monitor the portfolio at)d financial risks to the Charity. The Trustees regularly r¢view the vaiuaiion of inve5trllents and the incom¢ stream gener&ted. The Tr￿e$ have satisfied thcmselvcs that the tr￿St is 4 going concern h&8 adequate resources to continue in operational ¢xistencx for th¢ foresecable Th¢ ¢horitable a¢tivitie5 ar¢ funded by the investment portfolio and ￿thOUgh Covi&19 did have a negative impact on this, thr portfolio has recovered with suificient va]u¢ to supwrt continued grant tnaknng. THE WAKEHAM TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Reservu polky li is the intention of the Tn￿te¢S to sustain the unrestricted funds at a level which will provide sufflcient fimds for the l¢vel of grants paid and to cover the Charity's mana8e]nent and administration cosL8. At the Balanc¢ Sheet date the unrestricted reserves anounttd to £1.726JO9. Fllture Pl# The TThstees do not envisagc ￿Y material change to the operation of the Charity in the long-temi and the investments will continue to be m￿￿ged on a similar basis as they are now. NotwithSt￿ldjn8 ihi& the Trustt¢s re]nain flexible in terms of the typ¢ of orgdnisations they supp)rt. Stru¢tU￿• iovern4n¢e managemeDt The Tn￿t has ¢h&itsbl¢ $tatU5 gJLd w45 5¢t up by Harold C•rter by D¢¢d dat¢d 4 F¢bwary 1974. The management of the Chzriry is ves¢¢d itt the Trustees atld they actively review the FrCeiV￿ major risks which the Chariry fa¢es and th¢ Trustees ore Satisfi￿thalth¢ sy5t¢Jlls in pla¢¢ to mi¢igot¢ those risks. Th¢ Tru5ttts hav¢ received ap[￿oprIate briefing on their responsibilities under the law relAting to ¢h8riti¢S 8md th¢ir duty to ¢n5ure that their chaJitable activities are for the public benefit. The appoinunenl of new trust¢¢s is vested in the Settlor dtiring thcir lif¢. The selection of fijturt in￿le¢S will have Tc8ard io thc skills. knowledge and experience needed for th¢ ¢fft¢tiv¢ administration of the Charity. Induction St￿ tratning for tTl￿teeS 18 pfovlded where relevv￿L Referenet gnd adminislrgtivt InformA110 Are8i5tered charity. re8iStered with the Charity Commissioners for England and Walu &8 number 267495. Prin¢ipal Office.. 4th Floor, 7 Swallow Str¢¢t London WIB 4DE The Trust¢¢5 pr¢ Hamld CwtCT. Mrs Tercsa Silk5tone Cartcr amd Born4by NewE*)li. The DickinsonThJ$t Limited is appointed Custodian Trustee The Directors of Di¢kinson Trus¢ Limit¢d ar¢: The Hon H M T Gibsc)n {Chairman} The v￿COunt Cowdray The Hon C A Pe4Tson The Hon PN Gibson 11]¢ Hon B C Gurdon MrJRESmith Mr R C P Trou8hton {R¢SiRa￿ 13 Jun¢ 2024) Ms S l Burrell tr S J Atkirtson Mrs F ARice Mr M P Harris Mr K Wright Mr5 CA Bu]lou￿ (Ap￿illted 30 Au8u$i 20241 Soli¢it0￿. Currey & Co LLP 33 Qu¢¢n Anne Strect Londo WIG 9HY TRUSTEES, AiyfYuAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 H8ffi¢t S¢rge&nt M¥ffjin omd QTrmpanyA¢¢ountsJLts LiTthlted 25 St TknM￿ Street Winchester H8mpshir¢ S023 9HJ Coutts & Co Sloott¢ Squwe Br&n¢h )ndon SWIW8BJ Scbroder& Co l London W8IIPla¢¢ London EC2Y SAU caz¢￿ve Capital l Lonthn Wall Pla¢¢ London EC2Y SAU THE WAKEHAM TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 stst¢m*nt ofTrnstees' Respousibilities The Truste￿ are responsible for prepgJing the Tnjstees, lieport #nd the financÉal statcments in ￿totd&￿te with applicablc law i Te8ulations. Th¢ law applirablt to charities in England and Wal¢s requires th¢ trustees tts prepare financial statements for tach firtancial ycar in accordanc¢ wtth Utiited Kingdom Generally A¢¢ep*d Acwunting Practice (Unit¢d Kingdom A¢muntiThg StatLdards and applicable re8ula¢itsns}. u￿jer that law th¢ truJt¢e5 rtiust not approve th¢ fixwicial statenJent5 unlcss tlw 8Je 5ati5fJed that they gtve a tyue ond fair view of th¢ state ofaffair5 of the charity 2nd of the incoming Tesources and application of resources of the charity for that period. In preparing these firwjcial 8ta*ments the tN5tees 8xe required to.. - 8¢l¢¢t suitable acwunting WFli¢ies thd then apply them consistthtly. - observe the methods and principles in the Charitie5 SORP {FRS 102); - makc judgements and &c¢ounting estimates that arc reasottable and prudent- - state whether appli¢able accounting standards have been followe4 subject to any materia] depÈtwr¢s dis¢losed and explained in the financial statem¢nts' - prepare th¢ fitjancial statements on the goitig eonccrn basis ￿[￿5 it is inappropriatc to pre5umcthat thc will contitsuc in busin¢55. The Trust¢¢s ate ￿5￿nsible for keepitjg adequate accounting records whi¢h ftre Sufficient to 5knw and cxplain the charity's trat￿ctionS and th5close with reas<>ttable a¢Gurw at any time rhe finalltial position of the cFwity and enable them to ensur¢ that the finarttiaj statenents comply with th¢ Ch8Jitics Act 2011, the Charities (Accounts and Reports) Regulations 21>08 and th¢ provisions (>f the Trust Deed. They ar¢ Also r￿￿nsIble for s&fegLJarding the Assets of the charity and hence for tsking reasonabl¢ steps for the PT¢vention and detection of fraud ￿ld other irregularitiC5. AppTovcd by thc Trustees on 2nd Ma 2025 and $ign¢d on their behalf by.. Harnld C4rt¢r Managing Direttor THE WAKEHAM TRUST INDEPEIYDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUIYE 2024 I report to the Gharity tW5tCC5 on my ￿a[n]natiOn of the financial statements of the charity for the year ended 30 Junc 2024 whiGh 5etout on pages 7-14. Re5PODsibilitiu basis of report AS th¢ ¢hority's tsuste¢s you gr¢ respo￿71)]¢ for th¢ pr¢p8raiion of the flnancial statements in accordontr with the r4yir¢m¢nts of the CharitiesA¢t 2011 CtheAcL'}. J r¢]M in respe¢1 of my examinaiioo of th¢ ¢hwity's financial statements carried out under section 145 of the Ad and in carrying out my exominatiort I hav¢ follow¢d all the wli¢abl¢ direciiort$ given by the Charity Commi88Éon un(kr Section 145(5llbl of th¢ A¢L IMdeptndeDt ex8miner's ststsmellt I have completed my examiThation. I confirm that no materigj matters have to tny attention in conncctÉon with the examination giving me cau8e to believe that in any material respect.. ountin8 records were not kept in rcspcct of the charity as required by settion 130 of thcAct,' or the firtancial ststemethts do Aot ac¢oid with those recor￿. or the fjnancial statements (k> noi comply with the applicable rwuiranents conG¢rning the fomi and content of fLnancial statcmcnis sct oui in the Charities IA¢counls and Rcports) Regulations 2008 othcr than any requir¢m¢ni that the fLnanciai 8tatemeni8 give a'true and fair view. whith is not a matter considered as partof an independ¢nt examination. I hav¢ no ¢onc¢rn5 and have come ￿rOSS no other mattcrs Ln co[ll￿tIOn with the examit)ati(pn to which attention should be thiw in this re[￿ inorderto enable a proper understanding of the fjnvncial 5taletnents to br r¢a¢hed. Martin and Company Accountants Limtted 25 St Thoma5 Str¢¢t Wmches Hamp8hir¢ S023 9HJ D*¢.. THE WAKEIL4M TRUST STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 Unrestritted fund 2024 Totsl 21)23 Prioryur totAI fumds No Inco￿¢ from: Investments 44.993 44,993 23,670 Totsl 44.993 44,993 23,670 om: Raising fimds Charitable aetivideg 409 43,561 409 43,561 408 55,765 T•tAI 43,970 43,970 56.173 Net Ineomej(¢￿¢Ndits￿) 1.023 1.023 (32,503) Otb¢r g•On￿O0$s¢s). G8ins1(losges) on inv&8tment assets io 117,548 117,548 (3,556) Gainsl(losse5) on foreign currency 46.616 Net rnov•m•Dt ID fuAds 118,571 118,571 10,557 Totaj fun(L8 brought forward 16 1,607,938 1,6n7,938 1,597.381 Totsl funds carried fonvard 1,726.509 1,796.509 1,607.938 WAKEHAM TRUST BALANCE SHEET AS AT 30 JUNE 2024 N•te 2024 Totsl ods 21123 Prior year FIx￿A$s¢ts. Tangible assets Investmcnt5 li io 561 1,020,230 748 905,521 Totsj Fixed A55ets 1,020.791 906269 CumntknÈts: Cash at bsnk 12 707,578 703,469 Totsl CurrelltAssets 707,578 703,469 Ll*biJiti¢s: Creditors.. ArnO￿ts falling due within one yur 13 (1.8601 {9Y)O) Net C•rreDtAssets or Liabilities 705,718 702,569 TotslA55ets less cUT￿nI Li4bilities ,726,509 1,608,838 Cr¢ditors.'Amounts fatling due 8fter more than l year 1900) Tot￿ f4¢tAss¢ts Qr L4ibilitKs 1,726,509 1,607,938 Th¢ Funds of the ChArity: UweJtri¢tyJ fimds 16 1,726,509 1,607,938 Tot*1 Charity FvTrds 1.726,509 1,607,938 Approved by the Trustees on 2nd Ma 2025 ond sI￿)¢d on their i￿half by: H*roJd C*rter MAD8ging Director THE WAKEHAM TRUST NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Statutory INformatjOD The Wskeham Tn]st is a registered charity. The registered numbtr 8nd princip8] office address Lxn be fO￿d in the RqM)rt of the Trus(tts'. AceoMxtiDg Polieits Basts of fin*nci81 st*tsmeNts prep*T*tio Thc flnancial statements of the charity, whi¢h is a public bcncfit ¢ntity, hav¢ been P￿Par￿ in accordatsce with the Charities sottP IFRS 102) 'A¢¢ounting amd R¢FK>rting by Charities.. Statement of Re£ommen(kd Practice appli¢able tts ¢horitie8 preparing their accounts in accordance with Financial RerM)rting Sthlldard applicable in the UK and Republic of ITeland (FRS 102) (effective l January 20I9}', thc Financial ReportinE Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The fittwial stat¢mtrtts hav¢ been prepared under the historical cost conveniioJL The finon¢iai statements hav¢ been prepared to give a true and fairf view and have depaned from tbe Charities {Accounts attd Reports) Re8uiatioDs 2008 only to the ¢xt¢nt requir￿ to Provide a 'trne and fair, vi¢w. Thi5 d¢partur¢ involved follo￿tt8 A¢¢ounting and kq￿rtIng by Charities preparing their ac£ounts in accordance with the Finan¢iaJ R¢p)rting Stondard appli¢abl¢ in the s￿d RepublÈc of Ireland (Flis 102) issued in oC￿ber 2019 rather th¢ Accounting BJKi RepJrtin8 by ChBJitLe5.' Statement of Recommended Prdetice effective from l April 2005 which has 5Lnce been remov Th¢ Tn￿1¢¢$ Consider that there ￿¢ no tnat¢rial uncertaintiu aErf)ut the TrusV5 ability to ￿ntinue as a going ¢on¢em. b) NAthTe of I￿ndS AII fiuLd5 held Jrc unrcstrictcd and theTrustees arc free to use them in accordanc¢ with the charitable objects. Fiied a55et IDvestmeHts Investments stated at market value at the Balan¢e Sh¢et dat¢. Ov¢rs¢a8 inv¢sun¢nts ar¢ tr8nslated into sterling at the rates ruling at the year end. The Statement of FI[￿￿17j Activiti¢5 (SOFA) includes the net gains and losses ots revaluatio and disposals throughout the ye8r. d) IKtome Jnwm¢ is reco￿LS¢d in th¢ SOFA once the charity h&8 entitlement to the fi]nd& it 18 probable that the itjcome will be r¢ccived the vmount can be Me￿ured r¢liably. Expelldlttyre Liabt]iiies ar¢ r¢¢ognis¢d as exp¢ndifur¢ as soon there i5 a legal or constructive obligation ctsmtllittillg the charity to that ex￿￿ltu￿, it i5 probable that a transfer of economic benefjts will be required in settlement and the amount of the Obligation b¢ measured reliably. Expenditat¢ is a¢¢ounted for on xcruaIs b&8is and h&8 been cl&8sified under he4diw that aggregate all costs related to that ¢ategory. Where cost8 cannot bc directly attriblltd to parti¢u]ar l￿dIng$, th¢y h8v¢ ailouted to aaivities on a basis consistent with the use of r¢souw. Ciarltabl¢ lrnnts Grants payablc arc rctO8nised in th¢ SOFA when thry grc approved by th¢ Trustees gJLd the Tccipicnt has been infonned of the ¥mountio be pai 10- THE WAKEHAM TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2024 Forei8Tr ¢urremcies d¢nomin8*d in a forei￿ currency are translated into sterlin8 at the rate of exchange ruling ot the date of the tratwaio￿ At the Ba]ance Sheet date mow assets and liabilities d¢twminat¢d in a forei￿ ¢urrency are trarL81ated at the rate ruling at that dat¢. All exchan8e differences are dealt with in the SOFA. h) Irtttav¢r&bieVAT Irrecoverabl¢ VAI is written off to th¢ some expeL8¢ category in which the actual exFtnditurewa8 Ln¢utr¢ RemuneTalion of Trusttej In the financial year to 30 June 2024 the Trustcu did not [￿e1ve any remuneration or have their expcn5¢s rcimbursed by the Ciwiry. H&rold Carter ¢haTged administration ex￿nseS of £012023.. £01. Ittvutment Income 2024 21n3 come from inVests￿￿ts DeFO8it interest US Dollar deposit interest EUTO Int¢r¢51 17.133 27,860 10,865 9,271 3,021 513 44,993 23,670 ExpeDd1tU￿ on rAlsing funds 2024 2023 Inveslln¢nt Molljagement Fee 409 408 409 408 ChAritsbie acti￿tIeS Direct costs Sypport ¢o$ts (see not* 7) (￿¢ llotè 8) 2024 Totsl 2023 Totsl Chgritable expelld1tt￿e 38,31 5,261 43 J61 55.765 11 THE WAKEHAM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Direct costs Thc Charity undertMk no direct ¢htiritsbl¢ activities but wts to a nwnber of iTh#itutions in fi]rthe￿ce of its ¢haritsbl¢ obj¢aives. Thes¢ ar¢ as follows: Midhur4t Rothcr College Hair & Care CIC 6th Ramsgat¢ S¢a S¢outs Epworth Playgroup St Petrtrs ChurchTerwick 4,500 3.500 2,51M> 2,51K> 2JOO 15.500 22.800 Othcr Brants (equal to or individually less than £2,IXJOI To¢*1 for the year 38,31bO An&tysis of grgDts m*de Crants to institutions Crants to individuils T•t*l Advancement of education Advancement of religion Advancement of health or the 8avingof lives AdYancem¢nt ofcitizenship or community developmem Advancem￿t of the art8, culture, heritsg¢ or science Adva￿G¢￿ent of amateur SFKkrt R¢li¢f of those in need, by reagon of youth, age, ill-he4h disability, financial hard8hip orother dL5advatLtag¢ Any other charitsblc pu￿OSeS 20.350 1,950 8,050 4,250 1.300 400 20,350 1,950 8,050 4,250 1,300 1.250 750 1250 750 38,300 38,300 Support costs 2023 Bank chatBes Office eXp￿seS Inder*ndent examination fees Athnini5tratoW5 fccs L¢gal Entity Identification numEer fee (hher ¢apithl ¢xpens¢s 338 327 3,716 2,020 187 249 5,261 1605 12- THE WAKEHAM TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR EIYDED 30 JUNE 2024 St*ff eolts Ther¢ are no employees so consequently no staff costs hftv¢ be¢n in¢urrnJ. IO FiK¢d wgrt investments 2024 2023 Market value brought forward 905J21 901633 Additions 16,784 disposal proceeds (2,839) {10.340) N¢t gaiDs/{losse81 on investsn¢nis 117,548 (3,550 M￿ket valu¢ carried forward 1.020.230 905,521 Ceogrxphital 2023 United Kingdom investments Overs￿S investments ,013.747 6,483 897.435 8.()86 .020,230 9U5.521 invcslments were revalued each up to 5 April 1999. Tlw¢for< there 15 no histori¢ cost f1s￿ availabl¢. Thr book value ofthe investments at 30 June 2024 was £518,264. Net 88in811105ses) Ltiv¢s(m¢nts inGlud¢5 r¢a]i5cd gains for the yeBJ of £1.60212023'. gain £3.3021 and unTeaIi5ed gain5 on revaluation to markd v￿u¢ of£115,94612023.. loss £6,858]. 11 T#ngible assets 2024 2023 Cost brought forward 748 998 L¢ss d¢pr¢¢ia¢ion {187) {249) Offi¢¢ equipm￿rt 561 748 Co* wried forward 561 748 Depreciation brnu8ht forwwd 8,548 8299 Dep￿latIOn charge 187 249 Depre¢iation coJricd forward 8,735 8,548 13- THE WAKEHAM TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2024 12 Cash at b•nk 2023 Schroder& Co Coutts & Co 615,643 91,935 571.996 131.473 707,578 703.469 13 Cr¢ditors: Amounts f*Ming due within one ye4r 2024 2023 Payments due ¢0 Gharities Independent examination f¢e5 900 960 900 1.860 14 Cmdlton: Amounts fxlling dne After on• y¢*r 21n4 2023 Payments