OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-04-05-accounts

Charity no: 269524 (England and Wales)

MRS WINGFIELD'S CHARITABLE TRUST TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

Chartered Accountants

MRS WINGFIELD'S CHARITABLE TRUST

CONTENTS

----- Start of picture text -----
Page
Legal and administrative information 1
Trustees' report 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the accounts 6 - 9
Valuation 10 - 16
----- End of picture text -----

MRS WINGFIELD'S CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE INFORMATION

----- Start of picture text -----
Charity name Mrs Wingfield's Charitable Trust
Charity registration number 269524
Principal office 4 Guest Road
Cambridge
CB1 2AL
Trustees H M Wingfield
I L Mullings
K Hobbs
Independent examiner Michael McMahon
Accountants Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset DT1 1HA
Principal bankers CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment managers Rathbone Greenbank Investments
10 Queen Street
Bristol, BS1 4NT
----- End of picture text -----

MRS WINGFIELD'S CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their report and the accounts of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and accounts of the charity.

The accounts have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and activities for the public benefit

The charity’s objective is to provide funds for general charitable purposes at the discretion of the trustees. The trustees meet as required to consider applications for grant aid and donations. Decisions to support or deny applications are based on charitable criteria, need and available funds.

In deciding what activities to undertake and to what charitable causes donations should be made, the trustees have paid due regard to the Charity Commission guidance on public benefit.

Achievements, performance and financial review

During the year the charity made donations of £38,300 to various local and national charitable causes (2024 - £30,300).

Income for the year was £41,967 compared with £44,712 in the previous year. Total expenditure was £2,221 net of reinjected funds compared with £54,731 in the previous year, donations having increased by £8,000. Net income before investment gains and losses was £39,746 (2024 - £(10,019)). Net investment losses were £91,357 so that total funds decreased by £51,611 for the year to £1,950,226.

All funds are unrestricted and available for donation for charitable purposes at the discretion of the trustees. Total funds of £1,950,226 therefore represent the reserves of the charity. The trustees carefully monitor the levels of investments held and resulting investment income to determine the amount of donations that can be made in the year.

Structure, governance and management

The charity is governed by a deed of trust dated 22 March 1974 and was registered with the Charity Commission on 3 July 1975.

The trustees have absolute discretion to invest the funds of the charity in any stocks, securities, other investments or property as they see fit.

The trustees have the power to appoint any additional trustees as they see fit.

Approved by the trustees on 24 November 2025

and signed on their behalf by Mrs H Wingfield

MRS WINGFIELD'S CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MRS WINGFIELD'S CHARITBLE TRUST

I report to the charity trustees on my examination of the accounts of Mrs Wingfield's Charitable Trust (the Trust) for the year ended 5 April 2025 which are set out on pages 4 to 9.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date 28 November 2025

Michael McMahon

2 North Street Charminster Dorchester Dorset DT2 9QS

MRS WINGFIELD'S CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

----- Start of picture text -----
Total funds Total funds
2025 2024
Note £ £
Income
Income from investments 4 40,770 43,528
Interest received 1,197 1,184
Total income 41,967 44,712
Expenditure
Donations 5 38,300 30,300
Management fees 17,248 19,973
Less reinjected Ethical Screening (58,099)
Accountancy fees 3,435 2,807
Independent Examination 75
Bank charge 71 79
Foreign taxes 964 778
Accrued income 227 794
Total expenditure 2,221 54,731
Net Income/(expenditure) before
gains/(losses) on investments 39,746 (10,019)
Realised (loss)/gain on disposal of investments 6 (19,884) 44,514
Unrealised (loss)/gain on revaluation of investments 6 (71,473) (30,194)
Net (expenditure)/income for the year (51,611) 4,301
Reconciliation of funds:
Total funds brought forward 2,001,837 1,997,536
Total funds carried forward 1,950,226 2,001,837
----- End of picture text -----

MRS WINGFIELD'S CHARITABLE TRUST

BALANCE SHEET AS AT 5 APRIL 2025

Note
Fixed assets
Investments
6
Current assets
Debtors
7
Cash at brokers - capital account
Cash at brokers - income account
Cash at CAFCash account
Liabilities
Creditors: amounts falling due
within one year
8
Net current assets
Net assets
Funds
Unrestricted income funds		 Total funds
2025
£
1,845,925
58,099
28,272
2,167
21,319
109,857
(5,556)
104,301
1,950,226
1,950,226		 Total funds
2024
£
1,943,319
0
39,508
1,210
24,824
65,542
(7,024)
58,518
2,001,837
2,001,837

Approved by the trustees on 24 November 2025

and signed on their behalf by Mrs H Wingfield

MRS WINGFIELD'S CHARITABLE TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(a) Basis of preparation

Mrs Wingfield's Charitable Trust was created under deed of trust and registered as a charity in England and Wales. The address of the principal office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued In October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The accounts are prepared on a going concern basis under the historical cost convention. The accounts are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Fixed interest income is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the brokers.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the brokers.

(c) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Irrecoverable VAT is included in the costs of those items to which it relates.

MRS WINGFIELD'S CHARITABLE TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

(e) Fixed asset investments

Listed investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘gains/(losses) on investments’ in the statement of financial activities.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value.

(f) Funds

All the charity's funds are unrestricted funds. These are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to provide both working capital and capital investment.

2 Accountants' remuneration

Accountants' remuneration represents accountancy and administration fees of £3,435 (2024 - £2,807).

3 Trustees' remuneration and expenses and related party transactions.

No remuneration or expenses were paid out of the funds of the charity in the year to any trustee or any person known to be connected with a trustee.

Mrs K Hobbs, a trustee of the charity, is also director of Edwards and Keeping, the charity's accountants. Fees for accountancy services and administration amounting to £3,435 (2024 - £2,807) have been charged by Edwards and Keeping to the charity for the year to 5 April 2025 on an arm's-length basis.

4
Investment income
UK equities
UK fixed interest
UK unit trust dividends
UK unit trust interest
Invesment Trusts Dividends
Overseas equities
Overseas fixed interest
Offshore income
Accrued income		 2025
£
16,755
2,872
1,299
9,623
-
5,638
3,139
1,217
227
40,770		 2024
£
19,945
2,967
974
8,976
351
4,646
3,908
967
794
43,528

MRS WINGFIELD'S CHARITABLE TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

----- Start of picture text -----
5 Donations 2025 2024
£ £
Banksale Open Space - 100
Beat (Eating Disorders) 1,000 1,000
British Red Cross (Gaza ) 5,000 -
British Red Cross (Afghanistan) 5,000
British Red Cross (Morocco) 10,000
Camfed International 3,000 2,000
Co Farm Cambridge 500
End Violence Against Women -
Food Bank plus (Shrewsbury) 1,000 1,000
Game and Conservation Wildlife Trust 100
Holy Trinty Church -
Home-Start Telford & Wrekin 5,000 5,000
Kori Youth Churches 500
League of Friends Shrewsbury Hospital 100 -
MDNA 100
Network for Social Change 10,500 5,000
MS Soc 100
Rivers Trust 100 -
Samaritans Shrewsbury 1,100 1,000
Severn Hospice 1,000 1,000
Shrewsbury Ark 1,000 1,000
Solace Women's Aid 100
The Marches Riding for the Disabled Asociation 1,100 1,100
Unicef 100
Women's Aid 2,000 2,000
38,300 30,300
----- End of picture text -----

MRS WINGFIELD'S CHARITABLE TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6
Investments
Market value at 6 April 2024
Acquisitions at cost
Disposal proceeds
Realised (loss)/ gain on disposal
Unrealised (loss)/gain on revaluation
Market value at 5 April 2025
Investments at fair value comprised:-
Fixed interest
UK equities
Overseas equities
Alternatives		 2025
£
1,943,319
172,204
(178,241)
(19,884)
(71,473)
1,845,925
667,361
726,590
387,790
64,184
1,845,925		 2024
£
1,937,541
316,680
(325,222)
44,514
(30,194)
1,943,319
624,212
534,051
691,656
93,400
1,943,319

All investments are carried at their fair value. Investments in equities, funds and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted investments is equivalent to the market value.

7
Debtors
Tax recoverable
Dividend received post year-end
Ethical Screening Reinjected Fees
8
Creditors: amounts falling due within one year
Creditors
Accruals		 2025
£
-
-
58,099
58,099
2025
£
3,756
1,800
5,556		 2024
£
-
-
-
2024
£
124
6,900
7,024