CHARrrY NUMBER 273853 THE JAMES WISE CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2023 THE JAMES WISE CHARITABLE TRUST CONTENTS PAGE Legal and Administrative Infomation Report of the Trustees Report of Independent Examiner Income and Expenditure Statement of Assets and Liabllities 10 Notes to the Accounts THE JAMES WISE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES L G Rabinowitz (Resigned 19.05.2022) B J Sanders A J Mouser (Appointed 19.05.2022) SOLICITORS Marshalls Solicitors 102 High Street Godalming Surrey GU7 1DS ACCOUNTANTS Brewers Chartered Accountants Boume House Queen Street Gomshall Surrey GU5 9LY STOCKBROKERS Charles Stanley & Cornpany Limlted 25 Luke Street London EC2A 4AR BANKERS Lloyds Bank PIC 49 High Street Godalming Surrey GU7 1AT T.HE JAMES MSE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2023 Conslitutlon and organlsatlon The James Wlse Charftable Trust is constltuted by Deed of Trust dated 30 March 1977, as amended by a further Deed dated 25 September 1989 and is registered charty No. 273853. The Trust Is administered from 102 High Stro8t, Godalming, SurTey GU7 1 DS. The charity trustees durfng the year were.. _ L G Rabinowitz B J Sanders There are no limits on the term that a Twstee may serve, and appoinlments will be made following the resignation of one ot the above. The administratlon ol tha Trust is carried out by Marshalls Solicitors. a practice in which all Trustees are partners. Objects of the chartty The object of Ihe charity Is to make a wide range of charitable dor)ations at the discretion of th9 Trustees. The donations during the year are detailod on pages 3 to 6. The benèficiaries are wide ranging including the sick. disabled. elderly and disadvantaged. The Trustees have considered the guidance from the Charity Commisslon In relation to public benefit and are ol the view that ther& is an identrfiable benefit arising out of the aims ot the charity, namely the relief of the slck. disabled, elderly and disadvantaged. being a vulnerable and signrficant section of the public. The Twslees are not aware of any detrimenl or hami whlch might arise from carrying out the charitys oblects. Financial Results and Investment Policy The majority of the Trust assets comprise investm8Fts in Government socurilies and equities which are included in notes 7 of the accounts at a cosl of £702,219 (2022: £695.309) hawng a market value of £857,370 (2022: £982.869). The management of the investment portfolio is undertaken by Charles Stanloy & Company Limited. The charity also owns a small number of freehold properties included at a cost of £427,681, which formed part of the Estate of the settlor Mr James Wise deceased. This sum represents the probate value at the death of Mr Wise on 8 November 1991 plus Improvements slnce 2004 to current date. Th& properties have been revalued as shown in note 3. The income arising on the Trust assets is set out on page 9 of the accounts. The trustees nots that the Investment retums are satisfactory. THE JAMES MSE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2023- Contd. Charitable Donatlons Durlng the year the followlng donatlons were made: . DONATIONS ALEMNDER OEVINE 350 350 500 SOFA PROJE MEATH EPILEPSY FIEADWAY NORFOLK 350 OFFTHE FENCE LEONARD CHESHIRE 500 250 PRIORSCOURT SEBASTIANS AcnoNTRusr 31X¢ 250 250 SANE 2MAKEIT WHOOPSADAISY BRIGHTON THE BRlnSH LIMBLESS EX SERVICEMENSASSOCIAT]ON ZOE PARRA 350 250 EZRA UMARPEH LTD MAThHEW CARUSLE 200 RIANA BRYAN 500 3(K) 400 350 250 250 350 300 RETINAUK SPINAL INJURIES YourH OPTIONS MIN5fEAD TPUST srJoHN AMBULANC£ OPEN ROAD NARA THE BREATHING CHARnY BOXES OF gASICS ROWANS HOSPICE 3(X) 250 300 500 3CA) 250 500 500 5fy) 300 250 700 MUSIC FOR MY MIND HONEYPIOTCHILDRENS CHARITY WINCHE5fER HOSPICE 8WLLE CklESS GRIEF ENcouMfER MORNING 5FAR HAMPSHIRE & SSLE IF WIGHT AIRAMBULANCE INDEPENDEMfAGE BUILDING FOR THE FUTURE EX DEMEMfiACARE MARK BRAND5HAW QRF D NO 2 ACCOUNr SPACE CIO 250 350 250 250 350 BUND VEfERANS UK THEOOARA CHILORENSCHARITY DRAMATSZE CHARITY WILTSHIREMRAM8ULANCE CHAR￿ABLETRVsr CARDIAC RISK INTHEYOUN6 HARLEYWILSON 350 ACTION FOR THE KlDsCHAR￿ABLETRUs[ THE RESPITE AS50aAnoN THE CHILDRENSTRVST SHINE CHARITY249338 350 350 srJosEPHS H05PICE HACKNEY FUNDRAISING THE NATiONALASSOCIATION FOR CHILDREN OF ALCHOHOLIC5 ASfHMA UK 450 CRIMINON VK MLISCULAR DY5fROPHU GROUP OF GB & NI WHITE LODGE ￿￿RE SC SUPPORT OUR MIUTARYVETERANS 3￿) 3(Kl DOUGLAS BADER FELLOWSHIP ThE 8RThISH POLIO FELLOWSHIP SCOPE HEAD OFH 3LK) 250 NATIONALPLAYING FIELDSA850CIATION MR D GREAVES 350 MYfoN HOSPICES WINGS FORWARRIORS SHINE I EAST NORFOLK I THEWHITnNGTON HOSPITALNHSTRUST CHAR￿ABlE FUNDS 350 300 300 250 300 NORTH LONDON HOSPICE WESSEX C4NCER TRU5r DREAMS COMETRUE (HARITY 400 TOUGH ENOUGH TO CARE 300 400 350 350 SIBUNGSTOGEfHER HARiEY RICHARD AMBER sfAFFORD YOUPIG & INSPIRED 150 21)J 2¢XI 250 THE LIVING PAIMMN65 TRU5r FrrzROY5UPPORT LOR5 CHILORENS SOCIETY LÉWIS MANNING HOSPICE CARE SUIINY DAYS CHIDRENS FVND 2(Xl 2(Kl 2LKI 250 250 YOUNG IIVES VS CANCER NEW LIFE CELLAR CAMIO CAFÉ THE BFF WMUK 2(Kl KINSHIP GRANDPAIIEMfs PLUS MICHEAiS HOSPICE 250 3CK) 3CKI 3￿ 5CKJ ROYAL TRINITY HOSPICE I CAN CHARITY SIDE BY gDE CHARtTY CARERS UK WALXINfj WITH THEWOUNDED (IAPTON COMMON BOY5 CLVB 300 200 300 200 RESOLVE NOW BACK ONTRACK STROKE REHAB5ERVICE D15ABILTY INFORMATION BUREAV THE RAINBOW CENTRE FOR CONDucfivE EDUCATION 500 250 250 500 350 300 300 400 250 0￿CH 7HE LABEL SPADEWORK LTD LUPUS UK DEMELZA DWPWS PROOIGAL ARTS OAKLW EKfERPRISE SUNSHINE WISHES CHILDERSCFIARrtY LISTENING BOOYS 350 YOUNG & FREE 350 250 ON COURSE FOUNDAnON CROHNS IN CHILDHOOD RESEARCH ASSOCIATION 350 READING ASSOCIAnON FOR THE BUND 200 350 500 250 37050 MERU DEAN & CAUVIN5YOUNG PEOPLESTRVST BRITISH DISABLED ANGUNG ASSOCIATION THE JAMES WISE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2023- Contd. Reserves Policy The TNstees' policy on reseNes is to ac¢umulale income on deposft account with interest paid gross and inslant access for the purpose of making donations. Th8 rate of interest payable will be kept under review. Risk Management The Trustses havè examined Ihe major strategic business and operational risks which the charity faces and conliim that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen risks. Trustees. responsibilities in relatlon to the financlal slatements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which glve a true and fair view of th8 charitys tinancial activities during tho year and of tts financial position at the end of Ihe year. In preparing those financlal statements, the trustses are requlred to: _ select suitable accounting policies and then apply them consistently; make judgements and èstlmates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial slatements; and prepafe the linancial slatements on the going concem basls unless it 18 inappropriate to presume Ihat the charity will continue in business. The trustees are rasponsible for keeping accounling records ￿1¢h disclose with reasonable accuracy at any time the financial position of the charily and enable them to ensure that the financi￿ statem mply with the Charit185 Act 2011. They are also responsible lor safeguardin eass s of th8 charity and hence for taking reasonable steps for the preveTbtion frau and other irregularities. us r Signed on behalf ol the Trustees . 2023 THE JAMES WISE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OFTHE JAMES WISE CHARITABLE TRUST . I report to the trustees on my examination of the accounts of The James Wise Charitable Trust I'the charltv) for the year pnded 5th April 2023 which cornprlse the summary of receipts and payments and the statement of awts and liabilities. This report Is made solely to the charitvs trustees. as a body, in accordance with seclion 145 of the Charlties Act 2011. My work has been undertaken so that I might slale to tha charity's trust8èS those mallers l am requir￿￿ to state to them in thi8 report and for no other purpose. To the fullest exlent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work. for this report. or for tha opinions I have formed. Responsibilities and basis ol report As the trustees of the charity you are responsible foT Iha preparation ol the accounts in accordance with the requirements ol the Charitl8s Act 2011 ('Ihe ACYI. I report in respect of my examinalion of the charrty's accounts carried OLrt under section 145 of tha Act and in carrying out my examination I have followed all the applicable Directions given by the Charlty Commission under section 145(5){bl of the Act. An independant examination does not involve gathering all the evidence that would b8 required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an Independent examination can provide. Consequently, l express no audit oplnion on the accounts and my report is limited to those specific matters set out in the independgnl examiner's statement. Independent examiner's statement I have completed my examination. I conlirm that no malerid matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 130 of tho Act. or the accounts do nol accord with those récords. I have no concerns and have come across no other matters in connection with thè examination to which attention should be drawn In this report in order to 8nable a prop6r understanding of the accounls t b8 reached. A M SKILTON ACA Brewers Chartered Accountanls Boume House, Qu8en Street Gomshall. Surrey, GU5 9LY Dated . 2023 THE JAMES WISE CHARITABLE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023 Note 2023 2022 INCOMING RESOURCES Income from lisled Investments Rental income from properties Bank and other interest 20,961 32,919 152 19,295 36,503 TOTAL INCOMING RESOURCES 54,023 RESOURCES EXPENDED Charitable expenditure.. Donations paid Property expens8S Other expenditure.. Administration 37,050 7,177 38,676 18,215 21,613 23,170 TOTAL RESOURCES EXPENDED 65,841 80.061 NEf INCOMING RESOURCES) {11,809) (24,263) Movement on inv8Stments Balance al 5th April 2022 Balance adjustment Balance at 5th April 2023 23,721 30,176 131 42,219 23.171 31,268 30,176 THE JAMES WISE CHARITABLE TRUST STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2023 Note 2023 2022 MONETARY ASSETS Marshalls. Client Account Charles Stanley's Account 6,308 35,911 42,219 6,402 23,774 30,176 NON-MONETARY ASSETS Assets held for Investment pU￿oSes. Listed Investments at Market Value Freehold propety at cost RevaSuation of properties {2015) 857,370 427,681 637.319 1,922.370 982,869 427,681 637,319 2,047,869 LIABILITIES Admlnistration Costs 8,405 7,973 Ap roved by the TTuslees A J Mouser B J Sanders Dated ￿1.￿..2.?....... 2023 THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2023 Notes to the Accounls: . PRINCIPAL ACCOUNTING POUCIES {a) Accounting convention The financial statements are prepared on an in¢orne and expenditure basis under the historical cost convention as modified by the inclusion of invesbnents at market value and in accordance with the Flnancial Reporting Standard for Smaller Entities (effective January 2007). In pr8paring the financlal Statements the charlty follows best practice as laid down in the Statements of Recommended Practice "Accounting and Reporting by Charities" {SORP 2005) issued In July 2(Kl5. (b) Investmont Inc¢Jme Investment income is accounted for in the period in which it is recekved. (o) Resources expended Expenditure is included on a paymenys basis. Administration costs comprise costs for processing grants and appllcations, Including support to actual and polèntial applicanls and for the running of the charity itself as an organisalion. (d) Tangible fixed assets All assets are originaSly stated at cost and a revaluation adjustment is shown where applicable. (e) Fixed asset investments Invesknents are included at closing mid-market V8Sue at the balance sheet date. Any gain or loss on revaluation is taken to the Receipts and Pawnents account. PROPERTY ACCOUNT 2023 2022 Rents Received 32,919 36,503 Expenditure Insurance Levy fees Reimbursement of costs Gardening Council tax 360 6,870 (53) 1,864 1,085 11,010 906 3,350 18.215 7,177 Net income 25,741 18,288 10 THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2023 Notes to the Accounts cont..J... SCHEDULE OF FREEHOLD PROPERTIES Total original cost of units 65, 65a, 66 Seafront Estate and St Leonards: 427,681 Valuations 65 Seafront estate 65a Seafront estate 65b Seafront estate (new build) 65¢ Seafront estate (new build) 65d Seafront estate (new build) 66 Seafront estate St Leonards Total value as at 5 April 2015 225,000 130,000 160,000 160,000 160.000 130.000 100000 1,065,000 N.B. The propgrties were not revalued in the year ended 5 April 2023. Last revalualion date April 2015 ADMINISTRATION 2023 2022 Charles Stanley's feo Brewers. fees Marshalls, fees.. Trust mallers Property matters 8,249 4,980 8,868 4,740 6,800 1,584 4,308 5,254 TOTAL ADMINISTRATION COSTS 21,613 23,170 THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2023 Notes to the Aecounts conl..J... INVESTMENTS Note 2023 2022 Purchases at cost Equalisation Sales at cosl Cash Fraclion Gains l (loss) on sales Movement in the year (43,734) 128 38,360 (84,033) 86,803 28,955 23,721 20,392 23,171 LIABILITIES Brew8rs' fees Marshalls fees 5,220 3.185 8.405 4,980 2,993 7,973 12 R,fr--:+.:,'.-è-'.¥?>-, 1:,1121Sp Inz 8'iil.l l. i I 8J3jPI,:14 Ik4 S. IP *.I:j¥ s'.41..k"' ¥:..: