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:
- 1 which gives us reasonable cause to believe that in any material aspect the requirements
- (a) to keep accounting records in accordance with section 41 of the Act, and
- (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met, or:
- 2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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