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 T￿￿t 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, assc*iation5 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. AChieven￿nts and Perfonnance During the year 3712020= 351 grants. totsling £58,15012020= £65,0501, We￿ made to 3712020: 341 different organis*ions. 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¢m￿dered 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 Settle￿￿nt 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 p￿ParatIOn and dissemination of f¢nanci31 statements may dtffer from legislation in other jurisdictions. Independent Examirter Mary Ryan of Ark Accountancy has been appointe