VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 1r24 Charity number: 272126 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 2r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST CONTENTS Pago Reference and administrative details of the Trust, its Trustees and advisers Trustees. report Independent exarninerfs report Statement of financial activities Balance shaet Notes to the financial statements
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 p Jr24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2023 Trustees Mr R B Waley-cohen. TNstee The Hon Mrs F A Waley-cohen. TTuslee Charity registered numbor 272126 Principal office 27 South Terrace London SW7 2T8 Accountants James Cowper Kreston Chartered Accountants 2 Communications Road Greenham Business Park Greenham Newbury BeTkshire RG19 6AB Bankers C. Hoare & Co 32 Lowndes Street London SW1X 9HZ Investment managers Brown Advisory 8 Hanover Square London W1S 1JY Page 1
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 4124 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees present their Annual Report together wqth the financial statements of the Robert and Felicty Waley-cohen Charitable Trust for the year ended 5 April 2023. The Trustees confirm that the Annual Report and the financial statements of the charity comply with the current stslutory requirements. the requirements of the goveming document, the Charities Act 2011, the Stalement of Recommended practi applicable to charities preparing their accounts in accordance wth the Financial Reporting standard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 2019)- Objectives and activities Policies and objectives The objectives of the Trust are to pay or apply the income of the trust fund to such tharitablÈ foundations and for such charitable purpose as the Trustees shall from time to time in their absolute discretion determine. The Trustees have wde powers of inveslment. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance publlshed by the Charlty Commlsslon relatlng to publlc benefft, Indudlng the gUIdan 'Publlc benefft= runnlng charity IPB2)'. Grantryrnaking policies The Trustees have determined to cOnder applications for and make grants as appropriate lo charitable inslrtulions. The charitable trust is concentrating ils resources on supporting young people with mental health challenges in Banbury, Oxfordshire (including North Oxfordshire). Wapwickshire and South Northampton5hire while continuing to support the Oxford Children's Hc6Pital and those arts organisations which the Trustees have supported for many years. There are unlikely to be reSoUrS available for new applicants in the foreseeable future. Achievements and performance Main achievements of the Trust The Trust continues to make good progress With its founding oty"ective5. During the year the Trust made total donations of £285,48512022.. £267,521 }- A detailed analysis of the grants made can be seen wrthin note 7 of the financial statements. During the year. land owned by the Trust was gifted to a separate charity that specialises in conseNation work within the geographical lo&ition where the land is situated. Invostmont policy and perforniance The Trustees. investment objective is one of a balance belween income retum and capital growth. The investments this year generated a net loss of £101,16312022'. net gain of £191.9911. Page 2
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 5r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2023 Financial review Summary In the year ended 5 April 2023, the Trust received investment income of £42.59612022'. £70,657) and donations {excluding gift aid repayments) of £313,00012022'. £236.000). The Trust paid grants for charitable purposes of £285.48512022- £267.5211 and made payments for investment managers, independent examiner fees and bank charges of £22,219 {2022'. £18.8591 in total. The movement in funds after investment movemenls was a decrease of £65,271 12022.. increase of £212.2681 resulting in funds carried fOard of £2.685,462. The movement in fund before investment movements was an increase of £227.88312022.' increase of £564,218). The overall cash funds of the Trust slww a nel increase of £3.567 {2022: net reduction of £9,522}. The nel assets of the Twst at 5 April 2023 were £2,685,46212022.. £2,750,733). Going concam After making appropriate enquiries, the Trustees have a reasonable expectalion that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. Reserves policy The Trustees policy is to apply the income year on year as it is received, so that expenditure broadly matches income received, other than retaining an amount sufficient lo cover any outstanding and accrued professional and administrative fees. Structure. goveinaiice and Inanagemeiit Constitution Robert and Felicity Waley-cohen Charitable Trust is a registered charity. number 272126. and is constituted under a TNst deed. The Trustees in office during the year and at the date of this report, together with the address of the Trust's principal and registered office, are set out on page 1. Methods of appointment or election of TrU80S The management of the Trust is the responsibility of the Trustees who are elected and c£>opted under the temis of the Trust deed. Organisational structure and decision-making policies There are Trustees who make deasions on behalf of the Trust. Policies adopted for the induction and training of TNstees There have been no changes to the body of Trustees in recEnt years. Page 3
vkluanatLrnTranBacIvm Ref. TRW&X9XI.ZML9 12 Der2024 C&..12..28 GMT (Lrrc +O}D 111 P 6r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED S APRIL 2023 Structure, govomance and management {continued} Financial risk management The major risk to which the Trust is exposed is the impact of fluctuations in the investment markets on its managed investment portfolio. The Trustees mitigate this risk by using appointed professional investment managers and by maintsining a broad range of inveslment5 at all limes. The TTU5tees actively review risk which the Trust faces on a regular basis and believe that they have established systems to mitigate any signthcant risks faced by the Trust. Plans for futuro poriods The Trust do not expect any significant changes in the objectives Df the Trust in the forthcoming year and intend to continue to make grant5 from each of the income lunds within the capabilty of each of the funds. Statement of Trustees. rfrsponsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}- The law applicable to charities in England & Wales requires the Trustees to prepare finanal statements for each financial year which give a true and fair vieiN of the slate of affairs of the Trust and of its incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial statements. the Trustees are required to.. select suitable aco)unling policies and then apply them consistently- observe the methods and principles of the Charities SORP {FRS 1021,. make judgment5 and accounting estimate5 that are reasonable and prudent. slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the finanaal stalements on the going concem basis unless it is inappropriate to presume that the Trust will contsnue in business. The Trustees are responsible ft)r keeping adequate accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charbties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the Trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Mr R 8 Waley£ohan Trustee Dale: 12 December 2024 Page 4
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 7r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023 Independent examinefs report to the Trustees of Robert and Felicity Waley-cohen Charitable Trust I'the Trust.) I report to the charity Truslees on my examination ofthe accounts of the Trust for the year ended 5 April 2023. Responsibilities and basis of report As the Trustees of the Tru51 you are responsib for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the 2011 Adl. I report in respect of my examination of the Trust's accounts cairÉed out under section 145 of the 2011 Act and in carrwng out my examination I have followed the arplieable Directions given by the Charty Commission under section 1451Sllbl of the 2011 Act. Indepandant examinerfs statement Since the Trust's gross income exceeded £250,000 pur examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of The Inslrtute of Chartered Accountants in England and Wales. which is one of the listed b¢xlies. Your attention is drawn to the fact that the Trusl has prepared the accounts in accordance with Accounting and Reporting by Charib"es.' Statement of Recommended Practice applicable lo charÈlies preparing their accounts in accordance Mlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by ChaTf(ies= Statement of Recommended Practice issued on 1 April 2005 which is refetred to in the extant regulations bul has been withdtawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accountin9 practi effective for reporting periods beginning on or after 1 January 2015. I have completed my examinakn"on. I confirm that no matters have come to my attention in connection wrth the examination giving me cause lo believe that in any material respect.. aCunting records were not kept in respect of the Trust as required by section 130 of the 2011 Act- or the accounts (kn not aCCC with those records.. or the accounts do not comply Mqth the applicable requirements conMIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Mrue and fair, Mew which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper LFnder5tanding of the accounts lo be reached. Page 5
ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023
This report is made solely to the Trust's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Trust's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the Trust's Trustees as a body, for my work or for this report.
Signed: Dated: 12/12/2024
James Cowper Kreston Chartered Accountants 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB
Page 6
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P W24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income frorn: Donations and legacies Investments 313,000 42,596 313,000 42,596 236,000 70.657 Total income 355,596 355,596 306.657 Expenditure on: Raising funds Charitable activities 17.895 289.809 12.000 17.895 289,809 12,000 15.259 271.121 other expenditure Total expenditure 319.704 319,704 286.380 Net income before net (lossesllgains on investments 35.892 (101.163) 35,892 1101.1631 20,277 191,991 Net Ilossesygains on investments Net movement in funds 165,271) {65,2711 212,268 Ro¢oncilI10 of funds: Total funds brought forward Net movement in fvnds 2.750.733 (65.271) 2.750.733 {65.2711 2,538.465 212.268 Total funds carried forward 2,685,462 2.685,462 2,750,733 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 22 form part of these finanaal statements. Page 7
vkluanatLrnTranBacIvm Ref. TRW&X9XI.ZML9 12 Der2024 C&..12..28 GMT (Lrrc +O}D 111 P 1W24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST BALANCE SHEEr AS AT 5 APRIL 2023 2023 2022 Note Fixed assets Tangible assets Investments 13 12,000 2,647,135 14 2,570.397 2,570.397 2.659.135 Current assets Debtors Cash al bank and in hand 15 25,000 108,083 104.516 133.083 104.516 Creditors.. amounts falling due within one year 16 (18.0181 112.9181 Not current assets 115.065 91,598 Total assets less current liabilities 2,685,462 2,750,733 Total net assets 2,685.462 2,750,733 Charity funds Unrestricted funds 17 2,685,462 2,750,733 Total funds 2,685,462 2,750.733 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Mr R B Waley£ohen Trustee Date= 12 December 2024 The notes on pages 9 to 22 form part of these financial statements. Page 8
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 11r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 General inforniation Robert ar¢d Felicity Waley-cohen Charilabte Trust is a chaTty TegisteTed in England and Wales. The Trusl's registered Chairty number is 272126 and the principal office is 27 South Terrace. London. SW7 2TB. The finanal statements are presented in Sterfing (£1, which is the functional currency of the TTUSt. Monetary amounts in these financial statements are rounded to the nearest £. Accounting policies 2.1 Basis of praparation of financial statsments The finanaal statements have been prepared in accordance with the Charities SORP IFRS 102) - Accounting and Reporbng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) (effèctive 1 January 2019}, the Financtal Reporting Standard applicable in the UK and Rewblic of Irel3r {FRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'true and fair, view and have departed from the Charities {Acc¢)unts and Reports) Regulations 2008 only to the extent required to provide a 'tsue and fairf view. This departure has invol'oed following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charitie5'. Statement of Recommended Pradice effective from 1 April 2005 wthich ha3 3incE been wthdr8wn. Robert and Felicity Waley-cohen Charitable TNst meets the deffnition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going coneern After making enquiries. the Trustees have a reasonable expectation that the Trust has adequate resour5 lo continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of al least e1ve months from the dale these financial statements were approved. Accordingly. they continue to adopl the going concem basis in preparing the financial statements. 2.3 Income All income is recognised once the Trust has entidement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to iniestment bncome ig recogniged at the time the investment income is receivable. 2.4 Expenditure Expenditure is recjniSed once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of eGonomiG benefits will be required in 3etUement and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contr'bute to more than one activity and support costs which are not attributable to a single activity are apportioned betrween those activities on a basis consistent with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use_ Page 9
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 12r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting policies (continued) 2.4 Expenditure (continued) Expenditure on raising funds indude5 all expenditure incurred by the Trust to raise fiJnds for its charitable purposes and includes costs ol all fundraising activities events and nOnharrtabIe trading. ExperKlilure on charitable activities is inryjrred on directly undertaking the activities which further the Trust's objective5, as well as any assocAated support costs. Grants payable are charged in the year Mthen the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the condits.ons attaching are fuffilled. Grants offered subject to conditions which have not been met at the year end are noted as commitment, but not accrued as expendilure. AJI expenditure is inclusive of iecoVerab VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Trust., this is normally upon notffication of the interest paid or payable by the institution th whom the fund5 are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixèd assèts e£Jsting £NIL or more arè capitalised and rècx)gnised when fure ee£)nomic beneffts are probable and the c05t or value of the as5el can be measured reliably. Tangible fixed assets are initially reccgnised at Cost. After recognition. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 2.7 Investments Fixed asset investments are a fom ol financial instrument and are initially recogni5ed at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured rellatjly In whlch case It Is measured at cost less Impalrnnt. Investment galns and losses. whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments. in the Statement of financial activities. Investments held as fixed assets are accounted for al fair value. 2.8 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount piepaid nel of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liquid investments with a short maturity of Ihree months or less from the date of acquisition or opening of the deposit or similar account. Page 10
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 13r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting policies (continued) 2.10 Liabilities and provisions LIalItieS are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of eccnomic benefit wll be required in settlement, and the amount of the settlement Can be estimated reliably. Liabilities are recogni5ed at the amount that the Trust antictpale5 It wll pay to settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the b.me value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that refiects the risks specific to the liability. The unwinding of the discount is recognised in the Stalement of financial activ¢ties as a finance cost. 2.11 Financial instrurnents The Trust only has flnanclal assets and llnanclal Ilabllltles ol a klnd that qualry as baslc Inanctal inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequenlty measured at their settlement value wth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Fund accounting Gèneral fvnds are unrèstricted funds which are available for usè at discrètion of the Trustèes in furtherance of the general objectives of the Trust and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Unre5tri¢ted funds 2023 Total funds 2023 Donations 313.000 313.000 Unrestricted lunds 2022 Total funds 2022 Donations 236.000 236.000 Page 11
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 14r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Investment income Unreslricted fund5 2023 Total fund5 2023 Dividends and interest on investments 42,596 42,596 Unrestricted funds 2022 Total funds 2022 Dividends and interest on investments Receipts from managed investment p[clI0 70.623 70.623 70.657 70.657 Investmfrnt management Costs Unrestricted funds 2023 Total funds 2023 Investment management fees 17,895 17,895 Unrestricted fund5 2022 Total funds 2022 Investment management fees 15,259 15,259 Page 12
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 15r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Analysis of grants Grants to Individua15 2023 Total funds 2023 Main fund Thomas fund 123.464 162.021 123.464 162,021 285.48S 285.485 Grants to Individuals 2022 Total funds 2022 Main fvnd Thoma5 fund 151.162 116.359 151.162 116.359 267,521 267,521 Page 13
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 16r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Detailed analysis of grants Unrestricted funds 2023 Total funds 2023 Detailed analysis of grants 2023 Cancer Research UK 25.001 1,351 7,433 1.405 501 25,001 1,351 7,433 1,405 501 Courtauld Institute Homestart Liberal Jewish Synagogue NSPCC Optimus Fund for Place2Be 57,606 57,606 E li OXPIP 100,002 50,002 13.127 538 101 100,002 50,002 13,127 538 Parenting Project Parish of St Mary's Quintessentially Foundation Racing Welfare Serpentine Trust Tate Foundatson 13,667 10.001 575 1.001 2.161 1.013 13,667 10,001 575 1,001 2,161 1,013 UNICEF Pakistan Flood Appeal Victoria and Albert Museum West London Syn4ogue Other grants Total 2023 285,485 285,485 Page 14
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 17r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Unrestricted lunds Total funds 2022 2022 Detailed analysis of grant5 2022 Art Fund Bob Champion Cancer Trust Courtauld Institute 2.113 100 1.080 25.000 1.000 11,118 250 2.113 100 1.080 25.000 1.000 11.118 250 Crick Institute Design Museum Homestart Hunt Servants Fund MOMA 6,617 600 6,617 600 Mousetrap Foundatson Oxft)rd Hospital Tom's Ward OXPIP Parenting Project Parish of Waro¥ick 4,200 68,763 49,750 5,000 5,000 100 4.200 68,763 49,750 5,000 5,000 100 Plan Intemalional UK Racing Welfare Royal Academy of Arts Royal Marsden Cani%r Charity Royal Shakespear Company Sarcoma 380 1.000 1,000 1.500 13.667 10.000 54.000 1.760 1.000 400 380 1.000 1,000 1,500 13.667 10.000 54.000 1.760 1.000 400 Serpentine Trust Tate Foundation UBS Optimus Foundation UK West London Synagogue Wheelpower Wiltshire Air Ambulance Other grants 2.123 2.123 Total 2022 267.521 267.521 Page 15
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 18r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2023 Total 2023 Main fund Thomas fund 127.788 162.021 127.788 162.021 Total 2023 289,809 289,809 Unrestricted funds 2022 Tot 2022 Main fund Thomas fund 154,762 116,359 154,762 118,359 Total 2022 271,121 271.121 Other expenditure Unresirietod funds 2023 Total funds 2023 Total funds 2022 Loss on disposal of tangible fixed assets 12.000 12.000 Page 16
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 19r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 10. Analysis of expenditure by activtties Grant funding of activities Support costs Total funds 2023 2023 2023 Main fund Thomas fund 123,464 162,021 4.324 127.788 162.021 Total 2023 285,485 4,324 289,809 Grant funding of activities 2022 Support costs 2022 Total funds 2022 Main fijnd 151.162 116,359 3.600 154.762 116,359 Thomas fund Total 2022 267,521 3.600 271.121 Analysis of support costs Total funds 2023 iivities 2023 Independent examiner and accountancy fees Bank charges 4.200 124 4,200 124 Total 2023 4.324 4,324 Total funds AGtivities 2022 2022 Independent examiner and accountancy fees 3,600 3.600 Page 17
VYbJjkgunlltuTrarChCffl Ref. TRWX9.lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 20r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 11. Independent examinerfs rernuneration The independent examiner's remuneration amounts to an independent examiner fee of £4.20012022 - £3,600). 12. Trustoes. remuneration and exp8nses During the year, no Trustees received any remuneration or other benefits12022- £NIL}. During the year ended S April 2023, no Trustee exFenses have been incurred12022 - £NILI. 13. Tangible fixed assets Land Total At 6 April 2022 Disposals 12,000 (12.0001 12,000 112,000} At 5 April 2023 Net book value At 5 April 2023 At 5 April 2022 12,000 12.000 Page 18
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 21r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 14. Investments Cash Investments investments Total Co?t or valuation At 6 April 2022 Additions- market value Disp05als- market value Unrealised loss Realised loss 2.619,706 255,613 1250,6391 1112.5631 11.400 27.429 2.647.135 255,613 1250,639} 1112.563) 11.400 19.451 Bank movements 19.451 At 5 April 2023 2,523,517 46.880 2.570,397 Not book value At 5 April 2023 2.523.517 46.880 2.570.397 At 5 April 2022 2,619,706 27,429 2,647.135 15. Debtors 2023 2022 Due within one year Prepayments and accrued income 25.000 25,000 16. Creditor5- Amounts falling due within one year 2023 2022 Bank overdrafts 251 Other creditors 10,218 7,800 9.067 3.600 Accruals and deferred ineome 18,018 12,918 Page 19
VYbJjkgunlltuTrarChCffl Ref. TRWX9.lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 22r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 17. Statement of funds Statement of funds - current year Balance at 6 April 2022 Gainsl Balance at 5 (Losses) April 2023 Income Expenditure Unrestricted funds Main fijnd 1,054,960 1.695.773 159,974 195,622 (144.948) (174,756) 129.272) 171.891) 1,040.714 1,644.748 Thomas fund 2.750,733 355,596 {319,704) (101.163) 2.685,462 Statement of funds - Prior year Balanc• at 1 April 2021 Gainsl Balanco at (Losses) 5 April 2022 Income Expenditure Unrestricted funds Main fund Thomas fund 902.838 1,635.627 256,414 50.243 (159,1571 (127,2231 54,865 137.126 1,054.960 1,695.773 2,538.465 306,657 {286,3801 191.991 2,750.733 18. Notes of funds The Trust's funds represent donations received and subsequently being made available to charities in Oxfordshire and Warwickshire with particular emphasis on young people under 21 and the arts. None of the funds held by the Trust have any Testrictions imposed on them. The fund5 held are as follows" Thomas fund This fund principally supports the mental well-being of young people in Oxfordshire and Warmckshire. Main fund All other areas as detailed in note 7 are supported by the main fund. Page 20
VYbJjkgunlltuTrarChCffl Ref. TRWX9.lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 23r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 19. Sumrnary of funds Summary of funds - current year Balance at 6 April 2022 Gainsl Balance at 5 (Losses) April 2023 Income Expenditure General fvnds 2.750,733 355,596 (319,704) (101.163) 2,685,462 Summary of funds - prior year Balance at 1 April 2021 Gainsl Balance at (Losses) 5 April 2022 Income Expenditure General funds 2,538.465 306,657 {286,3801 191,991 2,750.733 20. Analysis of net assets between funds Analysis of assots btrtwoen funds - current yèar Unrestricted funds 2023 Total funds 2023 Investments Current assets Creditors due within one year 2.570,397 133.083 {18,018) 2.570,397 133.083 {18.0181 Total 2,685,462 2.685,462 Analysis of nel assets between funds - prior year Unrestricted funds Total funds Tangible fixed assets Investments 12.000 2.647.135 104.516 112.9181 12,000 2,647.135 104.516 112,9181 Current assets Creditors due wthin one year Total 2.750.733 2,750.733 Page 21
VYbJjkgunlltuTrarChCffl Ref. TRWX9-lL9 12 Dec2024 t..l2..28GMT (UTC +010 111 P 24r24 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 21. Related party transaciions During the year the Trustees made donations to the Trust totalling £313,00012022". £236.000). Page 22