Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 1123 Charity number- 272126 ROBERT AND FELICITY WALEY-COHEN CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 2123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST CONTENTS Page Reference and admlnlstratlve detalls of the Trust. Its Trustees and advlsers Trustees. report Independent examlner's report Statement of financial activities Balance sheet Notes to the financial statements 9-21
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P &123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Mr R B Waley-cohen. Trustee The Hon Mrs F A Waley-cohen, Trustee Charity registered number 272126 Principal office 27 South Terrace London SW7 2TB Accountants James Cowper Kreston Chartered Accountants 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB 8ankers C. Hoare & Co 32 Lowndes Street London SW1X 9HZ Investment managers Brown Advisory 8 Hanover Square London W1S 1JY Page 1
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 4123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their Annual Report together with the financial statements of the Robert and Felicity Waley-cohen Charitable Trust for the year ended 5 April 2024. The Trustees confirm that the Annual Report and the financial ststements of the charity comply with the current statutory requirements, the requirements of the goveming document, the Charities Act 2011, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Irel8nd {FRS 1021 {effective 1 January 20191. Objectives and activities Policies and objectives The objectives of the Trust are lo pay or apply the income of the trust fund to such charitable foundations and for such charitable purpose as the Trustees shall from time to time in their absolute discretion detemiine. The Trustees have wide powers of investment. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running 8 charity {PB2}'. Grantrymaking policies The Trustees make grants as appropriate to ch8ritsble institutions. The charitable trust is concentrating the majority of its resourTrs on supporting young people with mental health challenges in Banbury, Oxfordshire, and Warwickshire while continuing to support the Oxford Children's Hospital, the Francis Crick Institute and those arts oryanisalions which the Trustees have supported for many years. There are unlikely to be any resources available for new applicants in the foreseeable future. Achievements and performance Main achievements of the Trust The Trust continues to make good progress with ils founding objectives. During the year the Trust made total donations of £291,85412023.. £285,485}- A detailed analysis of the grants made can be seen within note 7 of the financial statements. Investment policy and perfomiance The Trustees, investment objective is one of 8 balance between income return and capital growth. The investments this year generated a nel gain of £321.86312023-. net loss of £101,163). Page 2
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P &123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Financial review Summary In the year ended 5 April 2024, the Trust received investment income of £49,47512023'. £42,596) and donations of £201,50012023.' £313,000). The Trust paid grants for charitable purposes of £291,85412023.' £285,485) and made payments for investment managers, independent examiner fees and bank charges of £22,528 12023= £22,2191 in totsl. The movement in funds after investment movements was an increase of £258,45612023'. decrease of £65,271 } resulting in funds Carried forward of £2,943,918. The movement in funds before investment movements was a decrease of £63,40712023.' increase of £35,892). The overall cash funds of the Trust show a nel decrease of £2,16012023'. nel increase of £3,567}. The nel assets of the Trust at 5 April 2024 were £2,943,918 {2023= £2,685,462). Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existen for the foreseeable future. For this reason, they continue lo adopt the going COnM basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Reserves policy The Trustees policy is to apply the income year on year as it is reived, so that expenditure broadly matches income received, other than retaining an amount sufficient to cover any outstanding and accrued professional and administrative fees. Structure, governance and management Constitution Robert and Felicity Waley-cohen Charitable Trust is a registered charity, number 272126, and is consliluled under a Trust deed. The Trustees in office during the year and al the dale of this report, together with the address of the Trust's principal and registered office, are sel out on page 1. Methods of appointment or election of Trustees The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Organisational structure and decision-making policies There are two Trustees who make decisions on behalf of the Trust. Policies adopted for the induction and training of Trustees There have been no changes lo the body of Trustees in rent years. Page 3
VirtualSignalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan W25 09".33".02 GT IUTC +DI D 111 P &123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Structure, governance and management {continuedl Financial risk management The major risk to which the Trust is exposed is the impact of fluctuations in the investment markets on ils managed investment portfolio. The Trustees mitigate this risk by using appointed professional investment managers and by maintaining a broad range of investments al all times. The Trustees actively review risk which the Trust faces on a regular basis and believe that they have established systems to miligale any significant risks faced by the Trust. Plans for future periods The Trust do not expect any significant changes in the objectives of the Trust in the forthcoming year and intend lo continue lo make grants from each of the income funds within the capability of each of the funds. ststement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel- The law applicable to charities in England & Wales requires the Trustees to prepare financial slalements for each financial which give a true and fair view of the stale 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 lo.. select suitable accounting policies and then apply them consistently., obseNe the methods and principles of the Charities SORP IFRS 1021- make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropri21e to presume that the Trust will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Trust's transactions and disclose with reasonable accuracy at any lime the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of 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 B Waley-cohen Trustee Dale.. 28 January 2025 Page 4
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 7123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent examiner's report to the Trustees of Robert and Felicity Waley.Cohen Charitable Trust I'the Trust'l I report to the charity Trustees on my examination of the accounts of the Trust for the year ended 5 April 2024. Responsibilities and basis of report As the Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe 2011 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 the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Trust has prepared the accounts in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 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 Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no wncerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Page 5
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P W23 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 This report is made solely to the Trust's Trustees, as 8 body, in 8ccordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Trust's Trustees those matters l am required to slate lo them in an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted 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.. 28 January 2025 CJupeJ James Cowper Kreston Chartered Accountants 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB Page 6
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 9123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments 201.500 49,475 201.500 49,475 313,000 42,596 Total income 250.975 250.975 355,596 Expenditure on.. Raising funds Charitable activities 17.596 296.786 17.596 296.786 17,895 289,809 12,000 Loss on disposal of tangible fixed assets Total expendlture 314.382 314.382 319,704 Net (expenditure)lincome before net gainsl(lossesl on investments Nel gainslllossesl on investments 163,4071 321.863 163,4071 321.863 35,892 1101,1631 Net movement in funds 258.456 258.456 165,2711 Reconclllatlon of funds: Total funds brought forward Nel movement in funds 2,685,462 258,456 2,685,462 258,456 2.750,733 165,2711 Total funds carrled forward 2.943.918 2.943.918 2.685,462 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages g to 21 form part of these financial statements. Page 7
VirtualSignalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan W25 09."33."02 GT IUTC +DI D 111 P 10123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2024 2024 2023 Note Fixed assets Investments 12 2.856.823 2.570,397 2,856,823 2.570,397 Current assets Debtors Cash al bank and in hand 13 25,000 108,083 105,923 105,923 133,083 Creditors- amounts falling due within one year 14 (18,8281 118,0181 Net current assets 87,095 115,065 Total assets less current liabilities 2,943,918 2.685,462 Total net assets 2.943.918 2,685,462 Charity funds Unrestricted funds 15 2.943.918 2,685,462 Total funds 2.943.918 2.685,462 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. w-a Mr R B Waley-cohen Trustee Dale.. 28 January 2025 The notes on pages g to 21 fom part of these financi81 statements. Page 8
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 11123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General information Robert and Felicity W8ley-Cohen Charitable Trust is 8 charity registered in England and Wales. The Trust's registered Chairty number is 272126 and the principal office is 27 South Terrace, London, SW7 2TB. The financial statements are presented in Sterling 1£), which is the functional currency of the Trust. Monetary amounts in these financi81 statements are rounded to the nearest £. Accounting policies 2.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 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 IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published 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. Robert and Felicity Waley-cohen Charitable Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless othemise staled in the relevant accounting policy. 2.2 Golng concern After making enquiries, the Trustees have a reasonable expectslion that the Trust has adequate resources lo continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of al least twelve months from the dale these financial statements were approved. Accordingly, they continue lo adopt the going concern basis in preparing the financial slalements. 2.3 Income All income is recognised once the Trust has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the lime the investment income is receivable. 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs allribulable to a single activity are allocated directly lo that aclivily. Shared costs which contribute to more than one activity and support costs which are not allribulable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. 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
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 12123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies (continued) 2.4 Expenditure (continued) Expenditure on raising funds includes all expenditure incurred by the Trust to raise funds for its ch8rit8ble purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the Trusvs objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made expt in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as 8 commitment, bul not accrued as expenditure. All expenditure is inclusive of irrecoverable 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 notification of the interest Paid or payable by the institution th whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initl8lly recognised 8t 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 lo bring 8 tangible fixed asset into its intended working condition should be included in the measurement of cost. 2.7 Investments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value al the BalanTr sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses} on inveslmenls, in the Statement of financi81 activities. Investments held as fixed assets are accounted for at 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 prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 10
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 13123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies (continued) 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the Trust anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.11 Financial instruments The Trust only has financial assets and financial liabilities of a kind that qualify as basic financi81 instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured 8t their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Fund accounting Gener81 funds are unrestricted funds which are available for use at the discretion of the Trustees 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 lo the appropriate fund. Income from donations and legacies Unrestri¢te d funds 2024 Total funds 2024 Donations 201,500 201,500 Unrestricted funds 2023 Total funds 2023 Donations 313,000 313,000 Page 11
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 14123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Investment income Unrestricted funds 2024 Total funds 2024 Dividends and interest on investments 49,475 49,475 Unrestricted funds 2023 Total funds 2023 Oividends and interest on investments 42,596 42,596 Investment management costs Unrestricted funds 2024 Total funds 2024 Investment management fees 17,596 17,596 Unrestricted funds 2023 Total funds 2023 Investment management fees 17,895 17,895 Analysis of grants Grants to Individuals 2024 Total funds 2024 Main fund Thomas fund 126,804 165,050 126.804 165,050 Total 2024 291,854 291.854 Page 12
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 15123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of grants (continued) Grants to Individuals 2023 Tol81 funds 2023 Main fund Thomas fund 123,464 162,021 123,464 162,021 Totsl 2023 285,485 285,485 Dotailed analysis of grants Unrestrictod funds 2024 Total funds 2024 Dotailed analysis of grants 2024 Campaign for the Arts Cancer Research UK Feedom From Torture James's Pla Liberal Jewish Synagogue MK Gallery NSPCC Oxford Children's Hospital OXPIP 5,001 25,001 1,001 1,001 1,472 1.001 681 49,089 100,002 60,052 10,101 5,001 8,401 13,667 1,001 6,827 1,001 1.554 5,001 25,001 1,001 1.001 1,472 1,001 681 49,089 100,002 60,052 10,101 5,001 8,401 13,667 1,001 6.827 1,001 1,554 Parenting Project Parish of Sl Mary's Warwick Racing Welfare Royal Opera House Serpentine Trust Victoria and Albert Museum West London Synagogue Winston's Wishes Other grants Total 2024 291,854 291,854 Page 13
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 16123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2023 To181 funds 2023 Detailed analysis of grants 2023 Cancer Research UK Courtauld Institute Homeslart Liberal Jewish Synagogue NSPCC Optimus Fund for Place2Be OXPIP Parenting Project Parish of Sl Mary's Wanmick Quintessentially Foundation Racing Welfare Serpentine Trust Tale Foundation UNICEF Pakistan Flood Appeal Victoria & Albert Museum West London Synagogue Other grants 25,001 1,351 7,433 1,405 501 25,001 1,351 7,433 1,405 501 57,606 100,002 50,002 13,127 538 101 13,667 10,001 575 1,001 2,161 1,013 57,606 100,002 50,002 13,127 538 101 13,667 10,001 575 1,001 2,161 1,013 Totsl 2023 285,485 285,485 Analysis of expenditure on charitable activities Summary by fund type Unrestrictod funds 2024 Total 2024 Main fund 131,736 165,050 131.736 165,050 Thomas fund Total 2024 296,786 296,786 Page 14
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 17123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure on Charitable activities (continued) Summary by fund type (continued) Unrestricted funds 2023 Tol81 2023 Main fund 127,788 162,021 127,788 162,021 Thomas fund Totsl 2023 289,809 289,809 Page 15
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 18123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure by activities Grant funding of activities Support costs Total funds 2024 2024 2024 Main fund 126,804 165,050 4,932 131,736 165.050 Thomas fund Total 2024 291,854 4,932 296,786 Grant funding of activities 2023 Support costs 2023 Total funds 2023 Main fund Thomas fund 123,464 162,021 4,324 127,788 162,021 Totsl 2023 285,485 4,324 289,809 Page 16
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 19123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure by activities Icontinuedl Analysis of support costs Total funds 2024 Activities 2024 Independent examiner and accountancy fees Bank charges 4,410 522 4,410 522 Total 2024 4,932 4,932 Total funds 2023 Activities 2023 Independent examiner and accountancy fees Bank charges 4,200 124 4,200 124 Total 2023 4,324 4,324 10. Independent examlner's remuneratlon The independent examinerfs remuneration amounts lo an independent examiner fee of £4,41012023 £4,200). 11. Trustees, remuneratlon and expenses During the year, no Trustees received any remuneration or other benefils12023 - £NILI. During the year ended 5 April 2024. no Tnjstee expenses have been incurred12023 - £NILI. Page 17
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 20123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 12. Investments Cash Investments investments Total Cost or valuation At 6 April 2023 Additions - market value Disposals - market value Unrealised gain Realised gain Bank movements 2,523,517 25,662 (49,4791 311,342 10.521 46,880 2.570.397 25.662 149,4791 311,342 10.521 111.6201 {11,620} At 5 April 2024 2,821,563 35,260 2,856,823 Net book value At 5 April 2024 2,821,563 35,260 2.856,823 At 5 April 2023 2,523,517 46,880 2,570,397 13. Debtors 2024 2023 Dug Within ong year Prepayments and accrued income 25,000 25,000 14. Creditors: Amounts falling due within one year 2024 2023 Other creditors 10,218 8,610 10,218 7,800 Accruals and deferred income 18,828 18,018 Page 18
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09."33".02 GIJT IUTC +DI D 111 P 21123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 15. Statement of funds Statement of funds - current year Balance at 6 April 2023 Gainsl Balance at S {L05ses} April 2024 Income Expenditure Unrestricted funds Main fund Thomas fund 1,040,714 1.644,748 108,266 142,709 1136,817) 1177,5651 94,299 227,564 1,106,462 1.837,456 2.685.462 250,975 1314.3821 321,863 2.943.918 Statement of funds - prior year Balance at 1 April 2022 Gainsl Balance at {Lossesl 5 April 2023 Income Expenditure Unrestricted funds Main fund Thomas fund 1.054,960 1,695,773 159,974 195,622 1144,9481 1174,7561 129,2721 1.040,714 171,8911 1,644,748 2.750,733 355,596 1319,7041 1101,1631 2.685,462 16. 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 restrictions imposed on them. The funds held are as follows.. Thomas fund This fund principally supports the mental well-being of young people in Oxfordshire and Warwickshire. Main fund All other areas as detailed in note 7 are supported by the main fund. Page 19
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 22123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 17. Summary of funds Summary of funds- current year Balance at 6 April 2023 Gainsl Balance at S {L05ses} April 2024 Income Expenditure General funds 2.685.462 250,975 1314.3821 321,863 2.943.918 Summary of funds- prior year Balance at 1 April 2022 Gainsl Balance at {Lossesl 5 April 2023 Income Expenditure General funds 2.750,733 355,596 1319,7041 1101,1631 2.685,462 18. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Investments Current assets Creditors due within one year 2.856,823 105,923 118,8281 2,856,823 105,923 (18,8281 Total 2.943,918 2,943,918 Analysis of net assets between funds - prior period Unrestricted funds 2023 Total funds 2023 Investments Current assets 2,570,397 133,083 118,0181 2.570,397 133,083 118,0181 Creditors due within one year Total 2,685,462 2.685,462 Page 20
Virtual&gnalur£ Transaction Rel 2K4ts4JCV-D23B 28Jan 3025 09".33."02 GIJT IUTC +DI D 111 P 23123 ROBERT AND FELICITY WALEYIOHEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 19. Related party transactions During the year the Trustees made donations to the Trust tolalling £201,50012023.. £313,000). Page 21