CHARrrY REGISTRATION NUMBER: 278028 The World Care Trust Fund Unaudited Financial Statements 31 December 2023 The World Care Trust Fund Financial Statements Year ended 31 December 2023 Pages Trustees, annual report Chartered accountant's report to The World Care Trust Fund on the unaudited financial information 1to2 ststement of financial activÈties statement of financial position Notes to the financial statements 6t010 The World Care Trust Fund Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023 Reference and administrative details Registsred charity name The World Care Trust Fund Charity registration number 278028 Princlpal offi¢¢ Clo DPC Stone House Stone Road Stoke-on-Trent ST4 6SR The trustees Mrs Robinson Mrs M Robinson Miss B Robinson Accountants DPC Accountants Limited Chartered accountsnts stone House Stone Road stoke-0n-T￿nt ST4 6SR Structure, governance and management Appointment of Trustees is al the discretion of the existsng twstees. The trustees meet on a regular basi5 and hold one fomial trustees, meetrng each year. Objectlves and activltiès The charity was establlshed by a declaration of trust dated 6th AprFI 1979. The principal trusts are to pay or apply income or capital as the trustees in their discretion think fit to, or for the benefit of such exclusively charitable objects and purposes in the United Kingdom or in any other part of the world as the trustees shall in their discretion think fil, (provided that the object and purpose is charitable within the meaning of the terrn in Engknd and Wales} The trustees may (for so long as the law permits) from time to time invest the whole or part of income pending distribution in any aulhorrsed investment Achlevements and perforniance The charity raised £928 from donations, received £6,202 from its investments, and it's investments appreciated in value by £21,202. The charity donated £2,650 to other charities in the year. The World Care Trust Fund Trustees. Annual Report (eontinued) Year ended 31 December 2023 Flnancial review The charity generated a surplus of £21,206 for the year, which is added lo the general fund for future charitable donations. Plans for future periods The charity will continue to work towards it's objectives. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of IJ//L Mrs M Robinson Trustee The World Care Trust Fund Independent Examiner's Report to the Trustees of The World Care Trust Fund Year ended 31 December 2023 Indgpendont •x4minerf8 report to the trustees Of￿ Worfd Carè Trust Fund I report to the charty trustees on my examination of the accounts of The Worfd Care Trust Fund (the trust) ft>r the year 31 D￿mber 2023. Responslbilitie8 and ba#1$ of report As the charity ITuslees of the Trust you are responsible for the pftparation of tre awounts in accordance wÈth the requirements of the Charities Act 2011 (Yhe Act"). I report in respect of my examination of the Tru81'8 accounts carried out und8rSection 145 ofthe Ad and in carying out my examination I have foll¢)wed all applicable direGtion$ given by the Charity Commission under Section 145{51{bl of the Ad. Indepondantoxamlnerf$ 8tstgment I have ojmpleted my exgminalion, I confim that no9 material mattè3rs have come 1¢ my attention ITI conn8etion th the examination gwing me cause to believe that in any material rÈspect'. accounting ￿cordS were not kept ir7 respect of the Trust as required by Sectron 130 of the Act, or the aeeA)unts do not accord wth those record$. or the aoLounts do not corTTrply with thè Applicable requirements ￿ncernIng the lomi and cx)ntenl of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other Ihan any requI￿rnent that the accounts give a tru¢ and fair viewwhich is not a m8tterconsidored as part of8n independent exwn1n0ti￿. I have no concems and have come acTOSS no other matters in c£*nnection wEth the examination to which attention shoultJ be dr8wn in thi8 Wort in ordèrlo enabl¢ ¥ proper LtndÉrstanding of the accounts lo bo reached. Helen Tidyman DPC ACCOUNTANTS LIMITED Chartered a¢countanls Stone House Stone Road Stoke-on-Trenl ST4 SSR The World Care Trust Fund Statsment of Financial Activities Year ended 31 December 2023 2023 Unrestricted nds Total funds Totsl funds 2022 Income and endowments Donations and legacies Investment income 928 27,404 28.332 928 27,404 28,332 898 1,828 2,726 Total income Expenditure Expenditure on raising funds.. Investment management costs Expenditure on charitable activities Total exp8nditura 4,476 2,650 4,476 2,650 1,600 7,126 7,126 1,600 Net income and net movement in fvnd8 21.206 21,206 1,126 Reconciliatlon of funds Total funds broijghl foiward Total funds carried forward 329,413 308,207 329,413 308,207 307,801 308,207 The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure derive from continuing activfties. The n¢)tes on pa9es 8 to 10 fomi part of these financl•l ¥tatem•nts. The World Care Trust Fund Statement of Financial Position 31 December 2023 2023 2022 Note Current assets Investments Cash al bank and in hand 11 324,756 4,657 301,828 6,379 308,207 308,207 308,207 329,413 329,413 Net current assets Total assets less currenl liabillties 329,413 Funds of the charity Unrestricted funds 329,413 329,413 308,207 Totsl charlty funds 12 308,207 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by.. IkrfLL IISL Mrs M Robinson Trustee Tho notes on pages 6 to 10 form part ofth•g• financlal ststem•nts. The World Care Trust Fund Notes to the Financial Statements Year ended 31 December 2023 General information The Charity is a public benefit entity and a registered charity in Eng13nd and Wales and 1$ unin¢orporated. The address of the principal office is CIO DPC, Stone House, Stone Road Business Park, Stone Road, Stoke on Trent, ST4 6SR. ststement of complian¢e These financial statements have been prepara in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applic2ble in the UK and Republic of Ireland {FRS 1021 {Charities SORP IFRS 102}} and the Charities Act 2011. Ae¢ountlng policies asls of pr¢paratlon The financial statements have been prepared on the historical cost basis, as modified by the revalLration of certain financial assets and liabilities and investments measured atfairvalue through income or expenditure. The financFal ststernents are p￿pared in sterling, which is the fvnctional currency of the entty. Golng ¢on¢em There are no material uncertainties about the charrty's ability to continue. Judgements and kèy sources of gstimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reagonable under the circumstances. The Charity made no significantjudgements during the year. Fund a¢¢ountfng Unrestricted fur¢ds are available for use at the disc￿lon of the trustees to fvrther any of the charity's purposes. Designated funds are unrestricted fvjnds earmarked by the trustees for particular future project or Commitment. Restr*cted fvnds are subjected to restn'ctions on their expenditure declared by the donor or through the tems ofan appeal, and fall into one of sub-classes". restricted income funds or endowment fund5. The World Care Trust Fund Notes to the Financial Statements (¢ontlnuodJ Year ended 31 December 2023 Accounting policies (ct)nllnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity". it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specifi¢ policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evtdence of entiuement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt 1$ probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and seThiTrs are ￿COgniSed in the accounts when received if the value can be reliably measured. No amounts are included for the Contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the Gontracted service. This is classified as unrestrtcted funds unless the￿ is a contractual requirement for it lo be spent on a parbcular Pufpose and ￿tuMed rf unspent, in which case it may be regarded as restricted. ReSoU￿8S expooded Expendfture is recognised on an accruals basis as a liabilty is incurred. Expenditu￿ includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activitles to which it relates-. expenditure on raising funds includes the costs of all fundraising activities, events, non- ¢haritable trading activities, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking acbvities that fvrther ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charty apportioned lo charitable activities. otherexpenditure includes all expenditure that is neither rekted to raising fvnds for the charity nor part of gts expenditure on charitable activities. All costs are allocated lo expendf(ure categories refiecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that acts'vily. Shared costs are apportioned tse￿een the activities they contribute to on a reasonable, justifiable and ¢onsistent basis. The World Care Trust Fund Notes to the Financial Statements (contlAu¢d) Year ended 31 December 2023 Accounting policies (contlnued) Flnancial Instrument8 A financial asset or a financial liability is recognised only when the entity becomes a party lo the contractual provisions of the instrument. Basic financial instnjments are iniliglly recognised al the amount receivable or payable including any related Iransaclion costs, unless the arrangement constitutes 2 financing transacts"on, where il is recognised at the present vzlue of the future payments dtscounled at a market rate of interest for a similar debt instrument. Current assets and CLFrrent liabilities are subsequently measured at the cash or olher¢on5ideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaiment al the end of each reporting date. If there is objective evidence of impaimienl, an impaiment loss ¢s re(x)gnised under the appropriate heading in the statemer¢t of financial aclivilies in which the initial gain was recognised. Donations and legacle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 928 928 898 898 Investment Incomg Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Increase in value of investments Oividends received from investments 21.202 6,202 21,202 6,202 1,828 1,828 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Adminisbation of investments 4.476 4,476 ExpondltUT• on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Charitable activity- donations made 2,650 2.650 1.600 1,600 The World Care Trust Fund Notes to thè Financial Statements fcondnued) Year ended 31 December 2023 Expendtture on charitable activities by activlty type Acttvities undertaken Total funds directty 2023 Totsl fund 2022 Charitsble activity- donations made 2,660 2,650 1,600 Staff costs There were no staff costs in the 2023 or 2022. 10. Trustee remun0￿[cn and expenses No remuneration or other benefits from employment wrth the chaF?ty or a related entity were received by the trustees. 11. Investments 2023 2022 Brewin Dolphin Investment fund 324,756 301,828 The above investment ftind 18 stated at fair value at 31 December 2023. 12. Analysis of charftable funds Lfnrestricted funds At 1 January 2023 At31 Dee¢mber 2023 Income Expenditure 28,336 General fvnds 308.207 (7.1261 329,413 At 1 January 2022 At 31 December 2022 Income Expenditure 2,726 General bjnds 307,801 (1,6001 308,207 The World Care Trust Fund Notes to the Financial Statements leortthuedj Year ended 31 December 2023 13. Analysis of net assets be￿¢en funds Unresthcled Total Funds Funds 2023 Current assets 329,413 329,413 Unreslrictsd Total Funds Funds 2022 Current assets 208,207 308,207 10