Charlty numbar: 327737 The Diana Edgson Wrlght Charltsble Trust Trustees. report and financial statements for the year ended 31 December 2023
The Diana Edgson Wrlght Charitable Trust Contents Page Legal and 8dmini5trative information Tru8te8s' report Independenl examlnerfs report ststgment of financlal acdvllles Balanco sheet Notes to the financial statements
Tha Dlana Edgson Wright Charltable Trust Logal and administratlve Infomiation Charity number 327737 Prlnclpal addrass Car8 of.. Henry Moorh88d & Company Sollcltor8 2 Stade Street, Hh8, Kent CT216BD Trusts88 H C D Moorh8ad T S N Mcorh8ad Independent Examlner Grant We118 FCCA PG Lernon LLP 134 High Street Hythe Kent CT215LB Bankers Natlonal Westminster Bank plc Europa House 49 Sandgate Road Folkgstone, Kent CT20 1 RU Stockbrokers Tyndall Investment Manag8m8nt 5-8 The Sanctuary London SW1P 3JS Sollcltors Henry Moorhead & Company 2 Stade Str88t Hythe Kent CT216BD Pxaè I
The Diana Edgson Wrlght Charitable Trust Report of tho Trustees for the year ended 31 December 2023 The Trustees presgnt thelr report and the financial statements for tha year 8nded 31 December 2023. The Trustoas who sond during the year and up to the date of this r8POrt ar8 S8t out on pag8 1. Structure, governance and managoment Governing docufflent Th8 gov8ming document of the Diana Edgson Wrfght Charitable Twst is a trust deed dated 31 December 1987. Appointment of Tnistggs The board of trustees ha8 th8 power to appoint additional trustees as they see fit to do so. Declslon maklng The governlng document provides that the trustees shall pay or apply the 8ntir8ty of th8 annual income of th8 trust fund to or for such charitable purposes or such charftable foundatlons as the trustae5 shall from time to tlrne in their ab501ute discretion determine. Thls was subject to a provision that the trustees had the power, durlng the period of 21 years from the dats of the trust deed, lo accumulate the bthole or any part of the incom8 of th8 trust fund as an accretlon to the Gapital thereof. Tho trustees are 8150 permltted to pay certaln expense5 Out of the incomo of the tru8L Risks The trust8es have examlned the malor r18k8 to which the Irust is exposed and system5 have been establlshed to rnitigats those ri8k8. Funds, management and administrntlon In furtherance of th8 trust's principal objact. Ine truste8s nave adopted 8 pollcy of prudent fund investm8nt vthlch provldes the trust with a satisfactory Income retum lIe provkllng opportunty foe capital growth. There has been no change to this policy since the last report. The tnJst88s consult regularty between themselves and wlth their adviser5 in deciding future investment poIici8s and the charitabie causes to whlch the trust can make donations. ObJectlve8 and actlvltles Obfvctivas 8nd aims The trust provides public benefit by donatlng funds to a varlety of charitable organisalions. The trustees have compled th the duty In 98ctlon 17 of th8 Chariti88 Act 2011 to have due regard to guidance published by tha Charlty Commlsslon. Including public b8n8fit guidanc8. Flnanclal revlew Durlng the year, trie trust rec8ivad inv85lment incorne of £66.940. A totsl of £61,500 was donated to tharltsble Gauses during the year. Tha financial statements show the movemenis in tha trust fund8 and th8 financial position of the trust at 31 Decamber 2023. The truste8s consid8r that the financial position of the trnst at 31 D8C8mb8r 2023 is satisfactory and its investrnants afford adequate scope for Income lo fund futur8 donations to charitable caus8s. Th8 tnjstees consider that the investments ¢onllnue to afford further scop8 for long t8rm futur8 growth. Figure5 referred to In thls R8POrt ar8 taken from the attached Financial Ststements, whlch comply th the current ststutory requirements. PAae 2
The Dlana Edgson Wrlght Charitable Trust Report of the Truste85 for the year ended 31 December 2023 At 31 D8cember 2023 thg tTUSt had freely avallable cash funds of £16,306. It is the pollcy of th8 trust to maintain r8serves at a lev81 which enables the trust8es to approve and mako donations to olher charitabl8 organisations at approprlate intsrvals during the JEar and to ensure that the trust is able to m8et any liabiliti8S or other commitm8nts it may have. Statament of tru5tees' rnsponslbilitios The Trustees are responsible for preparing the Trustses, Annual R8POrt and the flnancial statements in accordance with applicable law and Unlted Kingdorn Accountlng Standards (United Klngdom G8n8rally Accepted Accounting Practice). Law applicable to ch8rltles in England and Wales requires the Trustees to prepare financial statements for each financlal year lch give a true and falr vlew of charity and of the Incoming resources and application of resources of the charlty for that year. In PparIng th888 financial statements th8 Truste8s are requlred to: select sultsble accountlng policies and then apply th8rn consistently; observe the methods and principles in the Charitie8 SORP., make judgements and estimates that are r8asonable and prudènt: stste whether appllcable UK Accounting Standards have bean followed, subject to any material dapartures dlsclosed and explained In the financial slatements; and prepare tho financial statements on the going concem ba818 unless it is inapproprtate to presume that the charlty wlll contlnue In operation. The TTUStees are responsible for keeping proper accounting records which disclos8 Wlth reasonabl8 accuracy at any tlme the flnancial position of the charlty and enable them to ensure that the financial stat8m8nts comply with the Charltl8s Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They are also responslbla for safeguarding the assets of the chadty and hence for taklng reasonable steps for the prevention and detection of fraud and othar irragularltles. On b8hall of the board H C D Moorhead Trustee 24 September 2024 Pau• 3
The Diana Edgson Wright Charltable Trust Independent examlnerfs report to the Trustees on the unaudited financial statements of The Diana Edgson Wright Charitabl8 Trust. I report on the accounts of The Diana Edgson Wright Charitable TTUSt for the year ended 31 December 2023 59t out on pages 2 to 11. R88P8Ctlvo responslbllltlas of trustees and independent examlner As the charitys Trustees you are responslble for the preparation of th8 accounts. you consider that the audit requirement of section 144(2) of the Charitles Act 2011 (the Act) doès not apply and that an independent examination is needed. It [5 my responsibility to examlne the accounts under section 145 of the Act. to follow the procedures laid down in th8 Gen8ral Directions given by the Charlty Commission under section 145(51(b) of tha Act, and to stat8 whether particular matters hava come to my attention. Bas18 of Indèpèndent axamln8rf8 statement My examlnatlon was carrled out In accordance with the Ggneral Dlrections glven by the Chadty Commlsslon. An examination includes a review of th8 accounting f8cords kept by the charity and a compari80n of the accounts pre88ntad with those records. 11 also includes consideration of any unusual it8m8 or disclosures in the accounts, and seaking explanations from YDU as trustees conceming any Such matters. Thè proc8dur88 undertaken do not prov¢d8 all the evidence that Vuld be réqulred In an audiL and consequ8ntly I do not express an audit opinion on the view given by the accounts. Independent examlnerfs statement In connection with my examination. no matter ha8 come to my attention.. (i) which gives me reasonable cause to beligvg that In any matartal r88P8Ct thè requlr8ments.' to keep proper accountlng records In accordanc8 wlth section 130 of the Act. and to prepare accounts which accord with the accounting TeGord3 and to comply wlth th8 accountlng requlrements of the Acl have nol been met; or (11) to which, in my opinion, attention should be drawn In order to enable a proper under8tandlng of the accounts to be reached. Grant Wells FCCA Independent •xamlner PG Lomon LLP 134 Hlgh Street Hyihe Kent CT215LB 27 $8Ptember 2024
The Diana Edgson Wright Charftable Trust Statement of financial activiti85 For the year ended 31 December 2023 Unre8tr1ctaoEndowment funds funds 2023 Total 2022 Total Not•8 Income Investment inccme 66,940 86,940 67.390 Total Income 66.940 66,940 67,390 Expendituro Charitable actitIeS 74,408 74,408 84,063 Total expandlturo 74,408 74,408 84,063 Net Incomel(deflclency) before Investment galns (7,468) (7,468) (18.673) Net galn81(1088es) on Investments 54,429 54,429 {60,311) Net Income 46.961 46,961 (76,984) Total funds brought fop•Yard 1,506,323 500 1,506,823 1,583,807 Total funds carrled forward 1.553,284 500 1,553.784 1,506,823 The statement of financial activities includ88 all gain8 and 10888s in the year and therefore a separate Statement of totsl recognised gain5 and losses has not b8en prepared. Ail of ihe ab¢)ve amounts relate to continuing activities. The notes on pages 7 to 11 fonn an integral part of these financial statements. Paao 5
The Diana Edgson Wright Charftabla Trust Balanc8 sheet as at 31 December 2023 2023 2022 Notas Flxed assèts Investm8nts Current assets Capital cash funds held by Stockbrokars Income cash funds held by Stockbrokèrs Cash at bank and in hand 1,530.385 1,490,517 20.920 918 3,601 498 17,848 25,439 18,346 Croditors: amounts falllng due wlthin one year 12,040) 12,0401 N•t curranl ass•ts 23,399 16,306 Net aBset8 1,553,784 1,506,823 Funds Endonent funds Unre5triGted incom8 funds 500 1,553,284 500 1,506.323 Total funda 1,553,784 1,506,823 The financial statements were 8ppft)v8d by the Trustees on 24 S8pt8mb8r 2024 and signed by H C D Plloorhoad Trustee The note• on pages 7 to 11 form an integral part of these financial statements. Paao 6
The Diana Edgson Wright Charltable Trust Notes to financlal slatements for the year endod 31 December 2023 Accounting pollcles The principal accounting polici8s are summarised below. 1.1. Basis of accounting The flnancial statements are prepared und8r the hlstorical cost conventlon and in accordance wlth the Statement of Recommended PractiC8.' Accountlng and R8POrting by Charfties preparing their a¢counts In aGcordanc8 Wlth the Flnanci81 R8POrting Standard applicable in the UK and Republic of Ireland {FRS 102) IssU8d on 16 July 2014 and tha FlnanGlal Reporting Stsndard applicable in the Untted Kingdom and R8public of Ireland (FRS 102) and the Charities Act 2011. The Dlana Edgson Wrfght Charitable Trust Trust con5titute5 a publlc benefit entity as defined by FRS 102. Th8 truste8s conslder th8t there are no matsrlal unceriainties abtxjt the Trust's ability to contlnue as golng concgrn. 1.2. Ca8hflow The charfty has taken advantage of the ex8mptlon In FRS102 from the requirement to produc8 a cashflow 8tat8ment because It IB a Smaller charlty. 1.3. Fund accountlng Funds held by the chartty are either: Unrestrtcted general fund8. whlch may be used In accordance wth the charltgble objects at the discretion of the trustees: - Endowm8nt funds. which may not be used by the trust889 In any mannor. 1.4. Investments Investments held comprise share5 listed on the UK and ov8rse8s Stock Exchangas. authori8ed unlt tnjsts and UK Govemmenl Stocks. The investments ar8 Stated at market value at the balance sheet date and the gain or loss taken to the 5talement of flnanclal activiti8S. Investment Income Unr•strlcl?d funds 2023 Total 2022 Total Incorne from listed investments Bank deposit interest 66.761 179 66.761 179 87,278 112 66,940 66,940 67.390 P8a0 7
The Diana Edgson Wright Charitable Trust Notes to financlal statsments for the year onded 31 December 2023 Cost5 01 charitablg acllvltles 2023 Total 2022 Total Donatlons to charltable causes Asthma & Lung UK Barn Trust Bow81 Cancer UK Bowgl Research UK Brain Tum(r Research Brainwave British Hen Welfare Trust Bude Scout Group Hut Canterbury Cath8dral Tnjst Cats Protection Children Today Clnnamon Trust Clovms in th8 Sky Crohn's & Colttls UK Dame Vera Lynn Childr8n's Charlty Di88blad Sailors AssoGlatlon Gaffle and Wlldllfe Conservation Trust Go¢xl Lrfe Dog Rescue Great Omond Straet Hospital Greenwich Oance Guide Dogs for Ihe BllrKI Association Harper Osprey Wlldllfe Rescue Heal & Toe Children's Charity Hearing Dogs for Deaf People Kent Surr8y Sussex Alr Ambulance Trust Leukaernia UK Lennox Children's Cancer Fund Little Hiccups Lupus UK Macmlllan Canc8r Res8arch Macmlllan Cancer Support MACS Make Them Smlle Mare & Foal Sanctuary Marine Conservatlon Soclety Meningitis Now 1,000 1,000 1,000 2,000 1.000 1,000 2,000 4.500 3,000 1,000 1,000 2,000 2,000 1,000 1,000 2,000 1,000 1.000 1,000 1.000 1,000 1,000 1,000 1.000 1,000 1,000 (1,000) 3,000 4,000 1,000 1,000 1,000 1,000 1,000 5.000 2,000 2.000 1.000 1,000 1.ocNJ 1.000 1.000 Carri8d forward 32.500 29,000 Pao& 8
The Diana Edgson Wright Charitsble Trust Notes to flnancial statements for the year ended 31 December 2023 2023 Total 2t122 Total Donatlons to Gharhable causes (contlnued) Brought forward 32,500 29,000 NKF Kidnay Patiants UK Operation Smi18 Ospreys Wheelchalr Rugby Ovarian Cancer Actlon Pancreatic Canc&r R888arth Fun Pancreatlc Cancer UK Parklnson's UK Pllgrlms Hospl¢e Prickles H8dgehog Rescue Prostat8 Cancer UK RedngS Hors8 Sanctuary Royal Marsd8n Cancgr Charity Roygl NaUonal Llfeboat InstitutlDn Royal Sociaty for Blind Chlldren RSPCA Ashford Garden Cattery Scotys Llttle Soldlers Sightsavars St Peter & St Paul's Church, Saltwood Stsnford PCC lorAII Saints Targ8t Ovarfan Cancer Tall Ships Youth Trust The Donkey Sanctuary The Gurkha Welfar8 Trust The Moorlands Mousles Trust The Romney Marsh Historfc Churches Trust The Saation Amiy. Hh0 TOmmS Org. Tumer Contemporary Versus Arthdtls WildfovA and Wetlands Trust WWT-UK 1,000 1,000 1.000 3,000 1,000 2,000 1,000 2,000 2,000 1,000 2,000 1,000 1,000 1,000 1,000 2,000 2.000 2,000 4,000 2,000 3,000 2,000 1.000 3.000 4,000 1,000 1,000 2,000 1.000 2,000 2,QOO 1,000 1,000 1,000 1,000 3,000 6,000 2,000 1.000 61,500 71,000 Support costs Investment management fees Accountancy fees Bank charg8S Trustees, expens8s 10.468 2.040 10,552 2,040 171 300 400 74,408 84.063 Paa• 9
The Diana Edgson Wright Charitabl8 Trust Notes to flnanclal statoments for the year •nded 31 December 2023 Tru51ee5 Durlng th8 year th8 trust8es were reimbursed out of pocket expenses for postage totalling £400 (2022 £300). Flxed assat invostsnènts Llsted Invastments Total Valuatlon At 1 January 2023 Additions Disposals Revaluatlons 1.490.517 1,490,517 43.765 43,765 (68.452) (68,452) 64,555 64,555 At 31 December 2023 1,530.385 1,53Q.385 Historfcal cost as at 31 December 2023 1,273,836 1.273,836 All flxad asset Investments ar8 held wlthln the United Kingdorn. Credltors: amounts falllng due wlthln one year 2023 2022 Accruals and defeed income 2,040 2,040 Analysls of net as3ots botwegn funds Unre8trlctod Endowmant funds fundj Total fund• Fund balances at 31 December 2023 as represented by. Inv8stm8nt ass8ts Current ass8ts cuent liabilities 1,529,885 25,439 (2,040) 1,553,284 500 1.530.385 25.439 12.040) 500 1.553.784 Paoa10
The Diana Edgson Wright Charitable Trust Notss to financial statements for the year ended 31 December 2023 Unrastrfcled funds At Incomlng Outgolng Galns and 01101r23 resources re$ourcos 10sse6 At 31112123 General fund 1,506,323 66.940 (74,408) 54.429 1,553,284 Endowrnent fund l January 2023 and 31 December 2023 Mrs D Edgson Wright Fund balance 500 Paaa 11