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2021-04-05-accounts

THE WINEMAN CHARITABLE TRUST

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 5 APRIL 2021

Charity Number 274241

MARTIN TIANO & CO. Chartered Accountants Chartwell House 292 - 294 Hale Lane Edgware Middlesex HA8 8NP

THE WINEMAN CHARITABLE TRUST

A CHARITABLE SETTLEMENT CREATED BY

DOREEN WAIMAN 12 AUGUST 1977

SETTLOR Doreen Waiman
TRUSTEES Vivian Wineman
Naomi Helen Wineman
Bernard Lebus Waiman
CHARITY REGISTERED NO: 274241
OBJECT To establish a trust fund for general charitable purposes
TERMS OF TRUST Trustees to apply the income and capital of the trust funds
for such charitable purposes as they think fit at their
discretion.
ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2021
Page
Independent Examiner's Report 2
Statement of Financial Activities 3
Net Assets Statement 4
Notes to the Financial Statements 5 - 6

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE WINEMAN CHARITABLE TRUST

We report on the accounts of the Charity for the year ended 5 April 2021 which are set out on pages 3 to 6.

As the charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act whether particular matters have come to our attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, we do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER'S STATEMENT

In connection with our examination, no matter has come to our attention:

have not been met, or:

Martin Tiano & Co. Chartered Accountants Chartwell House 292 - 294 Hale Lane Edgware Middlesex HA8 8NP

15 November 2021

Page 2

THE WINEMAN CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 5 APRIL 2021

Notes
INCOMING RESOURCES
Donations and Legacies Received
Charity Investment Income
2
Net Rent Receivable
3
Other Income
Interest Received
Surplus on Disposal of Investments
RESOURCES EXPENDED
Direct Charitable Expenditure
4
Management and Administration of the Charity
5
Net Incoming / (Outgoing) Resources for the Year
Total Funds Brought Forward
Unrealised Deficit on Freehold Property
NEW MONEY AVAILABLE FOR INVESTMENT		 5 April 2021
£
-
2,242
70,600
-
-
495
£73,337
52,294
1,981
£54,275
19,062
797,855
(100,000)
£716,917		 5 April 2020
£
-
2,826
70,400
-
-
-
£73,226
43,022
2,021
£45,043
28,183
769,672
-
£797,855

All income and expenditure is derived from continuing operations and is from non restricted funds.

The attached notes from an integral part of these accounts

Page 3

THE WINEMAN CHARITABLE TRUST

YEAR ENDED 5 APRIL 2021

Notes
FIXED ASSETS
Quoted investments at Cost
2
Freehold Property
6
CURRENT ASSETS
Cash at Bank and in Hand
Cash with Brokers
Rent Receivable
Other Debtors
CURRENT LIABILITIES
Rent Received in Advance
VAT
Other Creditors
Accruals		 5 April 2021
£
118,250
547,399
34,192
11,751
17,500
1,190
(9,572)
(1,593)
(600)
(1,600)
£716,917		 5 April 2020
£
117,490
647,399
24,016
10,941
8,750
1,191
(9,572)
-
(600)
(1,760)
£797,855

Approved by the Board of Trustees on 15 November 2021 and signed on its behalf by:

…………………………………………………… V. Wineman

…………………………………………………… N. H. Wineman

Page 4

THE WINEMAN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

1 ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with the items which are considered material to the charity's financial statements

Basis of Preparation of the Financial Statements

The financial statements have been prepared under the historical cost convention in accordance with applicable standards and the Charities Statement of Recommended Practice "Accounting by Charities", except that the Charity has taken advantage of the exemption from producing a cash flow statement on the grounds that it is not a large charity.

2 INVESTMENTS

2 INVESTMENTS
Vestra Portfolio
At 6 April 2020
Additions during the Year
Disposals during the Year
At 5 April 2021
Income for the Year
Gain / (Loss) on Disposals
Market Value
3 NET RENT RECEIVABLE
Rent Receivable
Ground Rent
Irrecoverable Insurance		 5 April 2021
£
117,490
29,313
(28,553)
£118,250
5 April 2021
£
£2,242
£495
£136,792
5 April 2021
£
70,400
-
200
£70,600		 5 April 2020
£
113,521
.
3,969
-
£117,490
5 April 2020
£
£2,826
-
£119,585
5 April 2020
£
70,400
-
-
£70,400

Page 5

THE WINEMAN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

4 DIRECT CHARITABLE EXPENDITURE
Donations to Charity
5 MANAGEMENT AND ADMINISTRATION OF THE CHARITY
Bank Charges
Accountancy Fees
Vestra Fees
6 FREEHOLD PROPERTY
394 / 396 Kingsway, Swansea at Cost
Less: Provision for Diminution in Value
43 London Road, Lowestoft
Less: Provision for Diminution in Value		 5 April 2021
£
£52,294
5 April 2021
£
14
800
1,167
£1,981
5 April 2021
£
363,041
(50,000)
284,358
(50,000)
£547,399		 5 April 2020
£
£43,022
5 April 2020
£
12
800
1,209
£2,021
5 April 2020
£
363,041
-
284,358
-
£647,399

Page 6