CHARITY NUMBER 273853 THE JAMES WISE CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 THE JAMES WISE CHARITABLE TRUST CONTENTS PAGE Legal and Adminislrative Information Report of the Trustees Report of Independent Examiner Income and Expenditure Statement of Assets and Liabilities Notes to the Accounts THE JAMES WISE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES B J Sanders A J Mouser SOLICITORS Marshalls Solicitors 102 High Street Godalming Surrey GU71DS ACCOUNTANTS Brewers Chartered Accountants Bourne House Queen Street Gomshall Surrey GU5 9LY STOCKBROKERS Charles Stanley & Company Limited 25 Luke Street London EC2A 4AR BANKERS Lloyds Bank PIC 49 High Street Godalming Surrey GU7 1AT THE JAMES WISE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 Constltutlon and organlsation The James Wise Charitable Trust is constituted by Deed of Trust dated 30 March 1977, as amended by a further Deed dated 25 September 1989 and is registered charity No. 273853. The Trust is administered from 102 High Street, Godalming, Surrey GU7 1 DS. The charity trustees during the year were.. A J Mouser B J Sanders There are no limits on the term that a Trustee may serve, and appointments wi51 be made following the resignation ol one of the above. The admini$lr2tion of the Trust is carried out by Marshalls Solicitors, a practice which all Trustees are partners. Objects of the charlty The object of th8 charity is to make a wide range of charitable donotions at the discretion of the Trustees. The donations during the year are detailed on pages 3 to 6. The beneficiaries are wide ranging including the sick, disabled, elderly and disadvantaged. The Trustees have considered the guidance from the Charity Commission in relation to public benefit and are of the view that there is an identifiable benefit arising out of the aims of the charity, namely the relief of the sick, disabled, elderly and disadvantaged, being a vulnerable and significant section of the public. The Trustees are not aware of any detriment or haim which might arise from carrying out the charity's objecls. Financial Results and Investment Policy The majority of the Trust assets comprise investments in Government securities and equities which are included in notes 7 of the accounts al a cost of £702,219 12023.. £702.219) having a market value of £899,958 12023.. £857,370). The management of the investment portfolio is undertaken by Charles Stanley & 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 Ihe probate value at the death of Mr Wise on 8, November 1991 plus improvements since 2004 to current date. The propert¢'es 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 note that the investment returns are satisfa¢lory. THE JAMES WISE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024- Contd. Charitable Donations Durlng the year donatlons totalllng £34,685 were made as Illustrated In appendix 1 to thls report Donatlcths LBINABUS 350.00 CANCER SUPPORT UK FAR￿0￿BE DAY CENTRE 500.00 sPI￿L RESEARCH HOME START BLJTSER 350.00 TrE AqMLET GEMfRE OPEN UMVERSITY 500.00 OZER UMAGEN MAGGIE'S 350.00 OLIVER TALBOT THE FISHERMAPIS MISSION 500.(K> sr WILFRID'S HOSPICE AIR AMBLLAILE 350.( VERSLB ARTPRITIS KIOS CA￿￿ER CFL4RITY 350.00 THE MOVE PARTNERSHIP ACTION FOR A-T .00 THE BACK-UP TRUST spirh14L MUSCULAR ATROPHY 350.00 DEmE￿lA SLPPORT P4AMPSHIRE & IOW TFE DYSTONIA CH4RITY 300.00 CHICHESTER DIOCESE- FAMILY SUPPORT SAILORS AND CHLDRENE SOCIETY 235.00 BRITISH IMRELESS FOR THE BLIND FUND LONfK)N'S AIR AMBLIJKE 350.00 ST BARM48AS HOSPICE ISUSSEXI TOM'S TRUST 350.00 CALM PARENT1￿ FEALTH 400.00 WELLSPRI￿ COUNSELLING co1￿)uEsT ART 250.00 COUPn AIR AmBULA￿E- HELP APPEAL DISABLED SAILORS ASSOCNnON 400.00 THE MULBERRY CEMfRE ST CATrERINE'S FDSPICE 500.00 WOODWORK TO WELLNESS ST CATFERINE'S HOSPICE 350.00 AYLSFk4M & DISTRICT CARE TRUST FIELDS IN TRUST 350.00 REACT sIGF￿ FOR SLRREY 350.00 RAINBOW TRLET CHLORENS CA4RfTY BRAIN TUMOUR CFL4RITY 400.00 LIVE UNLIMITEO CARE FOR VETERANS 400.00 N YORKS HOSPICE WILLOW FOUNOATION 0.00 CH4PTER IWEST CHESHREI VERSUS ARTHRI￿s 350.00 THE JIGSAW TRUST CROHNS & COLITIS RELIEF 400.00 EATI￿ MATTERS CAIKERWSE 250.00 THE SAYERS CROFT TRLK8T BEOE HOUSE ASSOCIATION 300.w cobrrACT A FAMILY SOCIAL SQU4RE IUKI 350.00 STRONGBONES CHILDRENS CkL4RITABLE TRUST NARTHEX SPARKHILL 250 00 THE GEORGE COLLER MEMORIAL FLND ROYAL BRITISH LEGION 0.00 QUEENSCOURT HOSPICE SIXTY OPE 350.00 LINTrfABLE WOKIN EARL MOUNTBArrEN HOSPICE 500.00 CROFNS IN cHILD￿)0D RESEARCH MEATH EPILEPSY CFL4RIT( 1,000.00 THE HOSPICE CkL4RITY PARTNERSHIP PHOEBE 500.00 PRINCESS ALICE HOSPIGE RUBY'S FU￿) 250.00 ARMY BENEVOLEMf FUND ENCEPFL4LlnS SOCIETY 250.00 THE KENT AUTISTIC TRUST FIT 4 LIFE 250.00 VINE GoUNsELLI￿ SERVICES WOODLARKS CAMP SITE 350.00 BARKING & DAGENHAM Y0￿HZ0NE ST BARA8AS FDSPICE 1.000. GJ L18RARY LIAS WINGS 3￿1.00 KIDS SPACE SHINE 350.00 THE RAINBOW CETrtrRE LINDS TrEMBLE FOUNDATION 350.00 LENWX CHILDRENS CANCER FUND NORFOLK HOSPICE 250.00 COMMUNIT( SNFETY EDUCATION CIC THg ELIZABETH FOLTrINTION 500.00 TOOLS4TEENS OFF THE STREETS 350.00 250.00 500.00 250.00 250.(X) 350.CQ I 500. 250.CKJ 250.00 350.00 350.00 350.00 350.00 350.00 350.C 350.(X) 350.00 250.00 350.00 350.00 400.00 350.OD 350.00 350.00 350.00 500.00 350.00 500.00 350.00 35D.QO 250.00 300.00 450.00 500.00 500.(M) 350. 500.00 500.00 250.00 300.(M) 500.rM] 300.00 500.00 450.00 500.00 350. 34,585. THE JAMES WISE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024_ Contd. Reserves Pollcy The Trustees, policy on reserves is to accumulate income on deposit account with inleresl pald gross and instant access for the purpose of making donations. The rate of interest payable will be kept under review. Risk Management The Trustees have examined the major strategic bu8ine88 2nd operational risks which the charity faces and confirm that systems have been established lo enable regular ieports lo be produced so that necessary steps can be taken to lessen risks. Trustees, responslbllitles In relatlon to the flnancial statements Law applicable to charities in England and Wales requires the trustees to prepare financial slalemenls lor each financial year which give a true and fair view of the charity's financial activities during the year and of ils financial position al the end of the year. In preparing those financial slalemenls, the Iruslees are required lo" select suitable accounting policies and then apply them Gonsislenlly., make judgements and estimates that are reasonable and prudent., slate whether applicable accountlng standards and slalemenls of recommended practice have been followed subject lo any departures disclosed and explained in the financial slalemenls,. and prepare the financial slalemenl8 on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. The lluslees are responsible for keeping aGcounling records which disclose wlh reasonable accuracy al any lime the financial positlon of the charity and enable them lo ensure that the financial slalemenls ly with the Ch2rilie8 Act 2011. They are also responsible lor safeguarding the as the charity and hence for taking reasonable gleps for the prevention and det d and ther irregularities. A J Mouser Slgn d on behalf of the Trustees Dated 2024 THE JAMES WISE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JAMES WISE CHARITABLE TRUST I report to the Irustees on my examination of the accounts of The James Wise Charitable Trust ('Ihe charity,) for the year ended 5 April 2024 which comprise the summary of re￿ip1S and payments and the statement of assets and liabilities. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been und8rtaken so that I might slate to the charity's trustees those matters l am required to state lo them in this 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 charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.lhe A¢l'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 145151(bl of the Act. An independent examination does not invofve gathering all the evidence that would be 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 opinion on the accounts and my report is limited to those specific matters set out in the independent examiner's statement. Independent examlnerfs statement I have completed my examination. I confirm that no material 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 13CI of the Act,. or the accounts do not accord with those records. I have no COn￿rnS 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. A M SKILTON ACA 8rewers Chartered Accountants Bourne House, Queen Street Gomshall, Surrey, GU5 9LY Dated . 22nd AyguFt . 2024 THE JAMES WISE CHARITABLE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Note 2024 2023 INCOMING RESOURCES Income from listed investments Rental income from properties Bank and other interest 23,081 51,801 279 20,961 32.919 152 TOTAL INCOMING RESOURCES 75,161 54,023 RESOURCES EXPENDED Charitable expenditure.. Donations paid Property expenses other expenditure.. Administration 34,585 20,929 37,050 7,177 25,021 21,613 TOTAL RESOURCES EXPENDED 80,535 65,841 NET INCOMING RESOURCES) (5,374} {11 ,809) Movement on investments Balance at 5th April 2023 Balance adjustment Balance at 5th April 2024 8,659 42,219 23,721 30,176 131 42,219 45,504 THE JAMES WISE CHARITABLE TRUST STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2024 Note 2024 2023 MONETARY ASSETS Marshalls, Client Account Charles Stanley's Account 32,972 12.532 45,504 6,308 35.911 42,219 NON-MONETARY ASSETS Assets held for Investment purposes.. Listed Investments al Market Value Freehold property at cost Revaluation of properties (2015) 899,958 427,681 637,319 1,922,370 857,370 427,681 637,319 1,922,370 LIABILITIES Administration Costs 8,405 Approved b the Tr ees A J Mouser B J Sand6rs Dated.£.i..l..f........... THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 Notes to the Accounts: PRINCIPAL ACCOUNTING POLICIES la) Accountlng convention The financial statements are prepared on an income and expenditure basis under the historical cost convention as modified by the inclusion of investments al market value and in accordance with the Financial R8POrting Standard for Smaller Entities (effective January 20071. In preparing the financial Statements the charity follows best practice as laid down in the Statements of Recommended Practice 'Accounling and Reporting by Charities" {SORP 20051 issued in July 2005. Ib) Investment Income Investment income is a¢counted for in the period in which il is received. (c) Resour¢e$ expended Expenditure is included on a payment's basis. Adminislralion costs comprise costs for processing grants and applications, including support to actual and potential applicants and for the running of the charity itself as an organisation. Id) Tangible fixed assets All assets are originally stated at cost and a revaluation adjustment is shown where applicable. le) Fixed a35et invostments Investments are included al closing mid-markel value at the balance sheet date. Any gain or loss on revaluation is taken to Ihe Receipts and Payments account. PROPERTY ACCOUNT 2024 2023 Rents Received 51,801 32,919 Expenditure Insurance Levy fees Reimbursement of costs Property repairs Council lax 360 6.870 (53) 1,120 19,809 20.929 7,177 Net Income 30,872 25,741 THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 Notes to the Accounts cont...l... 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 225,000 130,000 160,000 160,000 160,000 130,000 100,000 1065,000 N.B. The properties were not revalued in the year ended 5 April 2024. Last revaluation date April 2015 ADMINISTRATION 2024 2023 Charles Stanley's fee Brewers, fees Marshalls, fees.. Trust matters Property matters 7,952 5,220 8,249 4,980 7,742 4,107 6,800 1,584 TOTAL ADMINISTRATION COSTS 21,613 THE JAMES WISE CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 Notes to the Accounts cont...l... INVESTMENTS Note 2024 2023 Purchases at cost Equalisation Sales at cost Cash Fraction Gains l (loss) on sales Movement in the year 1116,715) (43,734) 128 38,360 86,633 38,741 8,659 28,955 23,721 LIABILITIES Brewers, fees Marshalls fees 5,490 1,937 7,427 5,220 3,185 8,405 10 THE JAMES WISE CHARITABLE TRUST STATEMENT OF ASSETS ANO LIABILITIES AS AT S APRIL 2024 Noto$ to thg Accounts contlnuatlo Listed Inveslments 81 Matkel Volue ¥ph 4r¢ i kn>J¥ THE JAMES IMSE CHARITABLE TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT S APRIL 2024 12