CHARtrY REGISTRATION NUP4YBER: 278028 The World Care Trust Fund Unaudited Financial Statements 31 December 2024
The World Care Trust Fund Flnanctal Statements Year ended 31 December 2024 Pages Trustees, Ènnual report 1to2 Chartered accountant's report to The World Care Trust Fund on the unaudited financial information Statement of fin8n¢lal actlvlties statement of financial position Notes to the financial statements 6t010
The World Care Trust Fund Trustoos. Annual Report Year ended 31 December 2024 The trustee5 present theirreportand th8 unauditsd financi41 statements ofthe chaTrtyluthe year 8nded 31 Decembor 2024 Réforence ond admlnl8tratlve d•talls Roglst•r•d Charity name The Wgdd Care Trust Fund Charlty reglstrntlon number 278028 PrlnGlpal offic8 Clo DPC Stone House Slone Road Slokewon-Trenl ST4 6SR Tho trustggs Mr S Robinson Mrs M Robinson Miss B Robinson Accountants DPC AcyX&untants Limited Chartered accountants Stone Hous Stone Road Sloke-on-Trenl ST4 6SR Structure. governance and managgm•nt Appointmant of Twstees Is at the discr9tion of the exlsling trustees. The truste85 meet on 8 regular basis and hold one fonnal trustees, meeting each year. Oblectlv•s and actlvlti•s The charity was established by a dFGlaTation i)f trust datad 6th April 1979. The principal trL¢Sts are to pay or apply income or capital as tre Injstees in their diSclOn think fft to, or fr)r the benefll of sLEch exclusively charitable objacts and purposes in the United Kingdom or in any other part d the world 8S the trustees shall in thelr dlscreuon think fit. Iprowded that the object and Purpose is ¢haritable wrthln the meèning of the tomi in England and Wales). Th8 trustee5 may (for so long as the law permitsl from lime to time invest th6 whol8 or part of inttttmè pénding distribution any authorisgd investment. A¢hiovefflents and perfomiance The charFty raised £848 from donatlDns, receiv8d £7,115 from tts inv8stm8nts, and it's Inve8tments appreclated in value by £27.905. Th¢ charity donated £IO.000 lo other ¢haritse$ In the year.
The World Care Trust Fund Trustees. Annual Report {GonthlU Year ended 31 DeGeTnber 2024 Flnanclal review The charity generatèd a surplus of £20,712 for the year, which 15 added to the general fund for ftJlur8 chartlabl¢ donaUons. Plans for future pèrf*xl$ Th8 ch8rfty will continue to work lowards it's objecbvas. Th8 Iruslees, 8nnu21 report was 8pprove trus18es by: - and signed on behaff of th8 board of 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 2024 Independent arnIn0¥ TOrt to thè tru$teeB of Th• World Carg Tnwt Fund I raport to the charfty trustees on rny ex8mlaation of the %eounts ofThe Worfd Car8 Tryst Fundlthg INstl for th& ygar ended 31 Deeember 2024. RP¢t51b1I[08 and basts of r•port As Ihe Charity trustees ol the Trust you ar8 r06ponslble for the PTeparatlon of th8 8tt0unls In accor(laneg with Ihe rqlMen1ts of the ¢hariUes Act 2011 Ilhe A¢VI. I report in respect otmyexaminalon of the Tru$t'$ 8wounts carri8d outynder Section 145 olth8 Act and In carryg out my examlnatiofi I have lollowed all apicabl& directions glven by the Chaty cmIssi under Seclh)n 14515llbl of Ihe ACL Independert •xamlneV$ $tatsm•nt I have comp19tsd my examlnation, I nriMi that no9 rnalerial matte3ts have come to rny attanlon in contpcfjon Ih the examirsauon rne ¢ause to bali8ve that in any material r8specL' accountlng records werg not kept In respect of the Trusl as requlr8d by SaCtI 130 of the Act, or the a¢counts do not accord wth those records, or th8 awounts do not (x)mpty wth the applicsblg requirements concprntsng thg form and eontentof atttsunts 8gt out In Charities lAcUnts and R8Partsl Rgguktiolls 2008 olher #Trn any rquir8ment that thp accc4Jnt8 glve a trug and fairviow whleh is not a matternSIderart as partof an Independ$nt8xaminatlork. I have no con¢gms 8nd h8ve Come across no Oth matter5 in COTFnectron with the examination to whh attenth)n should be drawn in thi5 T8rt in orderto enab18 8 proper understantjing olth¢ acwunts to bo rtached. Hèlen MdyTh8n DPC ACCOUNTANTS LIMITED Charter6d 8ccountants Stone House Stone Road stoke-on-Trenl ST4 6SR E.iai£
The World Care Trust Fund Statement of Flnancial Actlvities Year ended 31 December 2024 2024 Unrestricted funds Total funds Total fvnds 2023 Not? In¢omo and endovmients Donalions and legacles Inv951ment income 928 35,020 928 35.020 928 27.404 Total incorno 35.948 35.948 28.332 Exponditure Expenditure on raising funds.. Investsnent managèment costs Expenditure on charitable activFtigS Totsl expenditura 5.235 10,000 5.225 10,000 15.235 4.476 2,650 7,126 15,235 Net in¢ome and net mov8ment In fund$ 20,713 20.713 21,206 Reconclllation of funds Total funds broughtforward Tot41 funds carrlod fonvard 329.413 329.4t3 308.207 350.126 350,126 329,413 Th8 stalement of financial actE¥ities includes all galns 8nd10sses recognlsed in the year. I Income and expenditure dertve from continuing acttvities. Tho notw on pag05 6 to 10 fomi port of thes¢ financial statements.
The World Care Trust Fund Statemant of Financial Position 31 December 2024 2024 2023 Current assets Investments Cash at bank and in hand 11 344.540 5.586 324,756 4,657 350,126 350,126 350,126 329.413 Not curr•nt ass•t8 329.413 Total ass•ts1os$ current Ilabilltles 329,413 Funds of the charlty Unrestricted funds 350,126 329,413 329,413 Total charlty funds 12 350.126 Thgse financial statements werè approved by the board of tnJ$tses and authorised for bssue on 0811012025 and are signed on behalf of the board by-. Mrs M Robinson Trustee Th• not•4 on 9•8 6 to 10 forni oftho80 flnan¢lal •tAtsmonts.
The World Care Trust Fund Notes to the Flnanclal Statements Year 8nded 31 Dorcmber 2024 Genernl Inforniatlon Tha charity is 8 public ben11 èntity and a r8gSstered charity in England and Wal&s and is unincorporated. The addfess of the principal office is CIO DPC, Stone House, Stone Road Business Park, Stone Road. Sloko on Trent. ST4 6SR. Ststsm•nt of compli•ne• These financlal statements havo been preparèd In compliance wth FRS 102, The FSnancial Reporting Standard applicable In the UK and the Republic of ITeland', the Statement of Racomm8nded Pr8ctic8 applicable to chariti8s preparing thèir accoun15 in aco)rdance with tha Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 Icharftles SORP IFRS 102}l and the Charities Act 2011. Accounting poll¢las Ba818 of pr¢paratlon The financl81 statements have been prepared on the historical cost basis, as modlfied by the revaluation of Certain finanrjal assgts and liabilities and investments measur8d atfair value through incomè or 8xp8nditure. The financial statements are prepared In sterling, which is the functional currency of the entity. Going concern There are no material uncetsinti6s about the charitys ability lo continu&. Judgemont$ and key sourc•$ of estimation unurtalnty The prgparation of the flnancial ststements requires management to make judg8ment5. eslimalos and assumptions that affect the amounts reported. These estimates and judgements arè continually reviewed and are based on èxperience and other factors. including expectations of future events that are belleved to be reasonable under the clrcumstances. The charity made no 8ignlfic8nl judgements during the year. Fund accountlng Unrestriclod funds are available for use at the dlscretion of the trustees to further any of the chaTIty's purposes. Designa18d funds are unreslricte¢J funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on thelr gxpenditure declared by the donor orthrough the terms of an appeal, and fall into ono of0 sub-ciassgs.. reslricled income funds or endowment funds.
The World Care Trust Fund Notes to the Financial Statements (conttwed) Year ended 31 December 2024 Accounting policios (conthiu In¢omlng rosour¢ès All incoming resources are induded in the 8tatement of financial activities when erttitlement has pass8d to Ihe charity,. it is prob8blé that the e¢onomic be[rtS assoaated with the tran5a¢tion will flow to the charity and the amount can be reliably mtrasured. The following spectfic policies are applied to particular categories of incomo.. Income from donations or grdnls is recognised when there is evidence of enlluement to the gift, receipt is probable and its amount can be m8asur8d reliabty. legacy Incomelg recognised when receipt is probablB and entttjement is established. income from donated goods is measud al the fair value of the goods unless th1$ Is irnpraGtical to measure reliabty, in which case the value is derlved from the cDst lo the donor or the estimated resale value. Donated farililies and $8rvice8 aro recognised In the accounts when received ff the value Can be rellably measured. No amounts are Induded for the conlribLtlion of general volunle¢rs. inrne from wnlracts for the suppty of serv15 Is recognlsed wtth the delfvery of the contracted service. This is classrfièd as unr8slrieted funds unlass thara is a contr8etU81 requirement for it to be spenl on a part*¢ular purpose and retumed If unspent. in whlch cose (( may be regarded as restricted. Resour expended Expenditure is recognised on 8n accruats basls as a112bilty Is incLtrred. Expenditure includes any VAT which cannot be fully recOv9r. and is classffied under headlngs of the statement of finandal artwFties lo which it relale5.' expendituro on raisln9 funds includes the costs of all fvndraising activibes, events, non- charitable trading activities. and the sale of donaleif goods. expenditUTe on charitable activities incluEle5 all costs incurred by a charty in undertaking actNities that further its charlt8ble alms for the benefit of its bGn8ficiari8s. induding those support costs and c08ts relating to the govemance of the ¢hartiy apportioned to charltable activities. olherexpenditure It)dudes 811 expenditure that is neither rejated to rdising f4Jnd8 for the charlly nor part of its expenditure on charflable aCtltIeS. All Msts are allocated to expenditure categories reflecting the use of the resource. Dlrect ts)sts attributsble to a singlè activty are allocated directly to that actiwty. Shared ¢osts are apportioned betw&en the activities they eontribute to on 8 r88sonable, justaffable and consistgnt basls.
The World Care Trust Fund Notes to the Financial Statements fronrinv•dJ Year ended 31 December 2024 Accountlng pollcles (coNtlnts•dJ Fln•n¢lal Instrumofit$ A ffnancial asset or a financial Ilability is recognlsed onty when the erltity becomes 8 paty to the ontractual provisions of th¢ Instrument. Basic fir58neial instruments S initially cognISd at thè amount receivable or payable including any related transaction Costs, unless the arrangornent ¢onstitul8s a financing Iransactlon, where it Is r8eognised al the present value of the futurè paymer¢ts discounted al a market rate of interest for a simllar debt Instrumenl. Current &8sets and ¢urrtsnt liabllilies are subsgquently measured otlhe cash or other consideration expected to be pald or reGeNed and not discounted. Debt instruments are sUbSequenY measuied al amortiseLI 8t. Financial 8s$8ts th8t are measurecf at Cost or arnortised cost are rpviowed for objective 8vid8nc8 of impalmienl al the end of each reporting daÈ. If there is obledve evidence of impairment. an impairment loss is rg¢ognised underthg appropriate heading in thg Statement of financial aclivities In which the Inthal goin was recoynis8(t. Donatlons and loga¢Se$ unrestrict Total Funds Unr98tri¢ted Total Funds Funds 2024 Funds 2023 Donatlons Donations 928 928 928 928 Imiestment in¢om• Unrestrioled Total Fund$ UnTrstrided Totsl Funds Funds 2024 Funds 2023 Increase in v8ltJ8 of investments Income received from investments 27,905 7.115 27.905 7,115 21.202 6,202 21.202 6.202 Investment management Gosts Unresth¢t¢d Total Fund$ Unr8Strict8d Total Funds Funds 2024 Funds 2023 Administr8tloR of Investments 5,235 5,235 4.476 4,476 Expondttur• on charftabl• actlvltlos by fvnd ty Unrastricted Total Fund$ Unresthcled Tot81 Funds F¥Jnds 2024 Funds 2023 Charitablg actMty- donations made 10.000 10,000 2.650 2,650
The World Care Trust Fund Notes to the Financial Ststements (conllnu•o) Year ended 31 De¢ernber 2024 Expendltura on charftablo athltles by actlvlty type Actwities undertaken Total fund5 d1cl1Y 2024 Tolal furid 2023 Charltable actMty- donation$ m8da 10,000 10,000 2,650 stsff costs There were no staff costs In the 2024 or 2023. 10. Trustoe remuneratlon and expen5e$ No remuneration or other beneffts from employment wlth the chartty or a r61ated eritity wgre received by the truste05. 11. Inv¢$tmonts 2024 2023 Brewin Dolphin Investment fund 344,540 324.756 The alx)ve inve5trnent fund Is stated at falr value at 31 December 2024. 12. Analysis of chÈrltable funds Unresth'ctsd funds At31 Decomber 2024 Al 1 January 2024 Income Exp8nditure General fijnds 329.413 35,948 115.235) 350,126 At 31 Dec8mber 2023 At 1 January 2023 Income Expenditure G8neral funds 308,207 28,336 (7.1261 329,413
The World Care Trust Fund Notes to tha Flnanclal Statements (COnno) Year ended 31 December 2024 13. Analysis of net assets between funds Unrestricl8d Total Funds Funds 2024 Current assets 350.126 350.126 Unrestricted Total Funds Funds 2023 Current assèts 329,413 329.413 10