The Woodcote Trust Registered Charity No. 326090 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
The Woodcote Trust TRUSTEES. REPORT AND FINANaALSTATEME14TS FOR ThE YEAR ENDED S APRIL 2021 CONTENTS Page Reference and administrative details Trustees, report Independent examinerfs report Statement of financial artivities Balance sheet Notes to the accounts
The Woodcote Tt TRUSTEES. REPORT AND H14ANaAL STATEMENT5 FOR THE YEAR ENDED S APRIL 2021 REFEREN(£ AND ADMINISTRATIVE DETAILS Charfty reElstratlon nurthr 32(lJ9) Datè of tfU5t 6 April 1982 Mrs P A Henstock (*aimMn Mrs S K Satchell Mr D 8 Angus Prinapal address Groom5 Cottage Sholebroke Towce5ter Northamptonshire NN12 8TF Bankefs Barcla Bank plc 111 High Street BedFord MK410 INJ Charity Actountants 2b VKarage Drive East Shee London SW14 8RX Ch3rtes Stanley & Company Ltd 25 Luke Street London E12A4AR IndepeTrJent examiner Mary Ryan. FCC4, DChA Accountancy 31 CheÈm Road Ewell Epsorn Surrey Kf17 IQX
The Woodcote Trust IRUSTEES. REPORYAND Fif4APKIAL STATEMEf4TS FOR THE YEAR ENDED 5 APRIL 2021 TRUSTEES, REPORT The Trustees present their report and the finarbcial statements for the yearended 5 April 2021. Reference and administrative information set out on pa8e I foms part of this report. The financial ststements comply with current statutory requirements, the charivs trust deed ènd the statement of Recommended Practice-Aettsunting and Reporting by tharities.. SORP applicable to charifies preparing their accounts in accordance with FRS 102. objettiT$ and Adivities The purpose of the chartty as set out in its governing document 15.. o pay, apply OT transfer the whole or any part or parts ol the capital and income of the trust fund at any time or from time to time to or for the purpose5 of such charitable bodies, assciation5 and organisations or forsuch other charitable purposes or objects such 5hare5 and in such manner in ali respects as the Trustees may in their absolute discretion think fit.~ The principal actmty undertaken by the charity to further its charitable purpose is to make grants of funds to other charities. In earrying out these activities the Tnjstees have had regard to the guidan issued bythe Charity Commission on public benefit. AChievennts and Perfonnance During the year 3712020= 351 grants. totsling £58,15012020= £65,0501, We made to 3712020: 341 different organisions. No grant wa5 made to any individual person. The organisations supported cover a wide range of activities related to human and animal welfare. induding community support. Financial Review. Going Concern and Reserves Pollty Total income for the year amounted to £44,95912020: £50.2981. This consists of dividends on investments, together with a very small amount of bank interest. Investment managementfee5 of £8.67512020-. £8,9401 ano governance costs of £55012020.. £5941 were incurred, leaving £35,734 net income12020.. £40.7641. The payment of £58.150 in grants12020.. £65.0501 therefore rneant an operating deficit forthe year of £22.41612020'. defiot £24,286). Investment value5 showed a strong recovery during the year. Sale5 of variou5 holdtn85 within the investment portfolio during the year reali5ed a gain of £33,60812020.. loss £6,434) whilst the year end valuation produced an unrealised gain of £268.70412020= loss £228,0911. The overall gBin on investments in the year therefore amounted to £302,31212020..1055 £234.5251, bringing the year end value of the portfolio to £1,338,11612020.. £1.027,4271 . Thè result of the above is that the total funds of the charity at the end of the year stood at £1.392.7621202fr. £1.112.8661. The Trustees. preference 15 to preserve the value of the investment portFolio, which 15 managed on their behalf by Chartes Stanley & Company Ltd. For thts reason. the value of the porrfolio is garded by the Trustee5 as designated fvnds. This means that, of the total funds, free reserves atyear end amounted to £54.64612020'. £85.4391_ Given the low level of administrative costs Incurred by the charity, theTrustees believe that this level of r&erves 15 adequate to ensure the ongoin8viabilityof the charity. Covld-19 and futurè Akthou8h the pandemic per515ts the recovery in investment values is not c¢mdered to be at risk currentty. Further investment 83ins, however, are likely to be MO 8radual. The antiopated downward pressure on dividends throughout the year t5 likely to continue for some tlme. It is unlikely. therefore, that the charivs income will increase significantly in 2021122 but some recovery is antiupated in subsequent years. This mean5 that whilst the level of grants can be maintained in the short term it will become more dependent on the perforniance of dividéFEds year byyear. Structure, Governan and Management The chartty is a charitable trusL e5tsblished and governed by a Settlent dated 5 April 1982 by the original settlers, Mr CSJ
The Woodcote Trust TRUSTEES, REPORT AND RNANaALSTATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Summerlin and Mrs PR Summedin. It was re8tstered as a charity in England and Wales on 26 April 1982. TheTrustees who served during the year are listed on page l. TheTrustees a responsible for the governance of the charity 3nd, with the exception of accountoncywork. also undertake the day to day mana8ement of the tharity- All Trustees 8ive their time voluntarily and receive no benefft from the charity. Ststernent of responsibllitles of the Trustee5 Law applicable to charities in England and Wales requires the Trustees to prepare financial stètements for each financial year which give a true and fair view of the charltws finanual activitie5 during the period and of its finanoal p05ition at the end of the period. In preparing financial statements giving a true and fasr view, the Trustees should fdlow best practice and.. selett suitable accounting policies and then apply them consistentjy observe the methods and principles in the Charities SORP makejudgements and estitnate5 that are reasonèble and prudent state whether appltcable UKAccountin8 Standard5 and statements of recommended practice have been followed. subject to any materi31 departures disclosed and explained in the finanual st3ternents prepa the finanoal statements on the going concern basis unles5 It is inappropriate to presume that the d)arity will continue in operation The Trustees are responsible for keeping adequète accounting cOrdS that disdose with reasonable accuracy at any time the financial position of the charity and enable ihem to ensuie that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. TheTrustees are responsible for the maintenance and integrity of the corporate and financial infomation induded on the charity's webslte. Legislation in the United Kingdom governing the pParatIOn and dissemination of f¢nanci31 statements may dtffer from legislation in other jurisdictions. Independent Examirter Mary Ryan of Ark Accountancy has been appointe<J as the tharivs independent examiner. having expressed her willin6nes5 to act in that capacity- Approve the Trus and signed on their behalf by P A Henstock Chairman ., JE OckJSoaaii
The Woodcote Trust TRUSTEES. REPORT Af4D FINANaAL 5TATEMEP4TS FOR THE YEAR ENDED 5 APRIL20ZI Independent Examiners, Rewrt to the Trustees ofThe Woodote Trust I report on the accounts for the year ended 5 April 20215et out on pages to nine. Respertlve ponSIbIlItIeS of and Examlner The chariiy's trustees are responsible for the preparation of the accounts. The charivs tnjstees consider that an avdit is not required for this year lunder section 144121 of the Charities Act 2011 lthe 2011 Actll and that an independent examination is required. It is my responsibilTtyto'. examine the accounts under sertion 145 of the 2011 Art).. fOloW the procedure5 laid down in the General LTeCtionS grven by the Charity Commissioners (under section 14515llbl of the 2011 Act),. and state whether particular matters have come to my attention. Basls of Independent Examiner5. Ststement My examination was carried out in accordance wtth the General Direcknons given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the ¥counts presented with those records. It also Includes consideration of any unusual items or disdo$u$ in the accounts, and seekin8 explanations from you as trustees concerning any suth mattets. The procedures undertaken do not provide all the evidence thatwould be required in an audit. and consequently no opinion is 8iven a5 to whether the accounts preseftt a 'true and fair view ' and the report is limrted to those matters set out in the stètefflents below. Independent examlners. statement In connection wlth my examination In connection with my examination, no matter has come to my èttention.. 111 which give5 me reasonable cause to believe that in any material respect the requirements: to keep accounting records in acctsrdan with Secti 130 of the 2011 Act.. and to prepare atcountswhith accord with the accountsn8 records and comply with the accounting quIreMents of the2011 Att have not been met.. or 121 to which, in my opinion. attention should be drawn in order to enable z proper understsnding of the accounts to be reached Mary Ryan, FCCA. Da)A Ark Accountancy 31 Cheam Road Ewell Epsom Surrey Kn7 IQX Date: [,.lu
The Woodcote Trust TRUStEES' REPORT AND FINAP4aALSTATEMEPIIS FOR THE YEAR ENDED 5 APRIL 2021 ATEMEPff OF FINANCiALAcnvmES Unrestricted fvnds 2021 Note 2020 Incomlng resources Interest eNable 139 Invesrtr*nÉ incon 44.936 50.159 Total Irtcomi re50ur 44959 50.298 Resource5 expended Charitable activities.. Grants awarded 58.150 8.675 $50 65.050 8,940 Investrnent mana8em&nt costs Accountingand iftdependent examination Total resourte5 expended 67.375 74,584 Net incominyJlout80ingl resources 122,4161 124.2861 Other recognised 8ainsl10$5es Gain/llossl on investments 3023 1234,5251 Net m¢)vement in furK15 279A96 1258,8111 Fund balances broughtforward I,iU,866 1.371.677 Fund balan carried forward 1392,762 1.112,866 AJI movements derive from continuin8 attivr(ies. All recogni$ tain5 and bs5e5 are shown atove.
The Woodcote Trust TRUSTEES. REPORT Al FINANaALSTATEMENIS FOA THE YEAR ENDED 5 APRIL 2021 BALANCE SHEET 2020 Nxed assets Investments 1338,116 1,027,427 Current assets Cash at nk and in hand 55,746 85,989 Cre(fitors Amounts falling due within one year (1.1001 15501 85,439 Total net a55et5 1392,762 I,iU,866 Represented by." Unrestrtcted fvnds Desi8tiated General 1338.116 1.027,427 85,439 139Z.762 I,11266 Approv by and signed on behalf ofthe Trustee5: Date Of èpproval.. J t," Ocjo 46ca)Q/
The Wood¢ote TTU5t TRUSTEES. REPI)RT AND FINANaALSTATEMEi¥f5 FOR THE YEAR ENDED S APRIL 2021 N1Th5 TO THE ACCOUl¥ts I ACCOUNTING POUCEES al Statstttlry informion The Wo(Kcote Trust is a tharttable trusL established and govemed by a settlement dated 5 April 1982 by the original settler5. Mr j Summerlin and Mrs PR Summedin. It was registe as a chBrity in England and Wales on 26 April 1982, gIStered number 326090. Its registered addre%$ and prinopal Pla of business is Grwms Cottage. Sholebroke, Towcester NN12 8TF. bl Basis of preparingthe finanrial 5tateffl The account5 have been prepared in accordance withtheCharfEies SORPIFRS 1021'AcccAJntin£ and ReFM)rting byCharitie5= Stement of Recommended Practre applicable to charities preparing their accwnts in accordance wTth the Financal Reporting St3ndard applltable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20151,, Financial Reportln8 stsndard 102 The Flnancial Reporting Standard appIae in the UK and Republic of Ireland, and the Charities Art 2011. The accounts ha¥e bw pop3red to gNe a 'trie and fairf view and have departed from the tharities IAccountS and Reports) ReBulations 2(W onty to the exteni reqUId to pThid& a 'true and fair vi&¢. This departu ha5 invofved following Accounting and Reporting by Charitiespreparingtheiraccounts in accordance th the Financial ReFx)ning Standard apFlicabSe in the UK and Republic of Ireland IFRS 1021 15sd on 16 Juty 2014 rather than the Accounting and RÈportin8 by Charities.. Staternent of Recommended Praetice effettivefrom l Awil 2Tr)5 whKh has sinco been withdrawn. Assets and1obilits are tnittaltyrecognized èt historical cost ortrdnsactJn Val unles5 Othemse stated in the relevant accounting y)IKy or note. cl Public benefrt entity The charity meets the definition of a public benefrt entity under FR5 102. dl Going £oncem The Trustee5 con$1derthatthe are no rnaterial uficertainties aiy)ut thechar$ ability to continue as a going c0ftm. TheTru5tees do not considerthat there a any sources of estirnation uncertaintyat the rting date that have a significant risk of causinga material adjustment to the ca¥ryingamounts of assets 3nd liabilitie5 Within the next rew)rting period. el Income Dividend income ss re£ognized when r1ved by the investment mana8er. Chath StanV Ltd.. whts hold the funds on behaOf the ch8rity. Interest receivable Interest on funds held on depositis induded when receivabandthe arnountcan be meawred (eliabfy bythe charty,. thts is ntsTrnally upon notification of the interest paid or paYae by the ban gl Resour expended Grants payable a recognised when an undertakingto pay the gtsnt durin8thefiThancial yearhas been efttered into orthe payment is made, WhheVer is the sooner. Investment management fees a recognized when the investrr*nt rnanagerdebttsthe cash account held on behalf of the charity. All other expenditure is reclydnised onte there is a legal or consrruelive obligation to make a payment to a third party. it is probable that settThent will be reguired and the amount of the obligation can be rnea5Ufed feliably. h) Investments Investrnents are included in the accouTrts at Maet value at the end of the fiThanaal year. Realised and 4th311$ed gain5 and losses are recognlzed in the year in whth theyarfse. il Taxation The charity is exempt from IOrnetaX as all its irrTE is CharItsb and is appliedfor choritalAe purposes.
The Woodcote Trust TRUSTEES. REPORT AND FINANaAL STATEMENTS FOR THE YEAR ENDED 5 APIUL 2Q21 2 GRANTS AWARDED The followinggrants were awarded and paid dufirygthe year: Alzheimer's k(iety Animals in Need Aspley 6uise Cricket aub BBO Wildlrfe Trust Blue Cross 8ritish Horse Society 8rwk H05Pital for Animals C2rers Trust Children's Tfust Cinnamm Tru Dega Project Dogs. Trvst Donkeysanctuary Dr 8arnado's Gurkha Welfare Trust Helen and Douglas HOS Heros HorDes for Hovnds Hope Rescue Labpdor Rescue Ma88ie's Oxford Mail Force Charity Many Tears Animal Rese Marie Curi& Nowzad Dogs PDSA Redwings Horse Sartuary RNU Royal 5(Kwforthe Blind SPANA SSAFA Stroke Association riggy Winkles Versus Arthri(is Willen Hospice WNAA Wodd Anlmal Protectlon Total ants 2A)(K) 250 250 2,Ot 2.0(K) 2,OLNJ I,o(KJ 2SO 2,0(K) 200 3.0(N) 2,000 3,000 2,000 2,000 2C#J 1.000 1,0 1,0 2,0 2,0 1.0 58,150 The followlnggrants were awarded and ld duTin8the prTrof year.. Payee Alzheifflerfs Society Animals in Need Arthritis Reseafch UK Aspley Guise Cricket Club BBO WildlifeTrust 81ue Cross 8ritish Horse Society 8rts)k Hospital for Animals C8rersTrust childn'sTrU5t Cinnamon Trust Dega PTojett Dogs. Trust Donkey 5anttuary Dr Barnado's Helen and Dou8LAs Hospi 250
The W{d[ote Trust TRUSTEES, REP(iRT Al FINANaALSTATEMENTS FOR THE YEAR ENDED S APRIL 2021 Heros Horatio's Garden Maggie's Oklord Many Tears Artim41 ReseNe Marie Curie Northampton Hornesfor Hounds Nowzad Dogs PD5A Redwings Hof5e Sactuary RNLI Royal Societyfor the Blind SSAFA Stroke AssotiatK)ri Ti8gy Wtnkles Whrttleiry Charrty Gift Fair Willen Hospice WNAA Wodd Animal Protert Totsl grants 1,0 65.050 3 INVESTMENTS Historic Markrt value prioryear Histori¢ cost this year Market value ttrms year prioryear Balance b/f Disposals Acquisitions Unrealised gèinlllossl on revaluatK)n Balance clf 985.2% 1183,9911 146.404 1.299,783 1190,6691 146.404 1228,0911 1,027.427 947.709 1163,1821 152.245 1.027.427 1110.2611 152,246 268.704 1.338.116 947,709 936,772 Proceedsfrorn disrKJsals ftealed galnslllossesl 184,235 16.4341 143.869 33,608 4 CASH AT BANK AND IN HAND Prior year This year Barclays Communty account Barclays Bu%ness Premium account Cash held by investrn*At maaa8er Totsl 42.970 42,519 85,989 26.362 28.884 55,746 5 CREDITORS Arnounts falling due within orÉ year= Prioryear This year Accruals 550 1,100