OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Anthony And Gwendoline Wylde Memorial Charity

2025-04-05-accounts

MARGARET WESTWOOD MEMORIAL CHARITY

(Registered Charity Number: 500125)

LR E——————— al TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENT

YEAR ENDED 5 APRIL 2025

aE

HIGGS LLP SOLICITORS

3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX

Margaret Westwood Memorial Charity

Index to the Financial Statements

Year Ended 5 April 2025

Page

Margaret Westwood Memorial Charity

Page 1

Reference and Administrative Information

Year Ended 5 April 2025

Governing Documents The Charity is governed by a Charity Commission Scheme dated 22 March 1988 and an Order of 26 October 2005 as amended by a resolution dated 17 February 2009, a resolution of the Trustees under section 280 of the Charities Act 2011 dated 19 January 2022 and a resolution of the Trustees under section 282 of the Charities Act 2011 dated 22 August 2023. The Charity is registered with the Charity Commission under registered charity number 500125. Trustees Colin Robert Beardwood OBE June Annette Hylda Longmuir (retired 12 February 2025) Peter Michael McDonald Frances Mary Oborski Sean Patrick Shannon Peter Edward Sugg (Chair) John William Roland Thomas Elizabeth Boyns Tucker Secretary to the Trustees Ms K McEwen, Higgs LLP Treasurer Mr N Smith, Folkes Worton Principal Office Higgs LLP 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX Accountants Headley Meredith 13 Church Street Stourbridge West Midlands DY8 1LT Independent Examiners Folkes Worton 15-17 Church Street Stourbridge West Midlands DY8 1LU Bankers CAF Bank 25 Kings Hill Avenue, Kings Hill, West Malling Kent, ME19 43Q

1

Page 2

Margaret Westwood Memorial Charity

Reference and Administrative Information

Year Ended 5 April 2025

Solicitors Higgs LLP 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX Discretionary Investment EFG Harris Allday Manager 33 Great Charles Street Birmingham West Midlands B3 3JN

2

Margaret Westwood Memorial Charity

Page 3

Trustees Annual Report

Year Ended 5 April 2025

The Trustees present their annual report and financial statements of the Charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in accounts and comply with the Charity’s Governing Documents, the Charities Act 2011 and the Statement of Recommended Practice applicable to the charities preparing their accounts with the Financial Reporting Standard applicable on 1 January 2019.

Structure, Governance and Management

The Charity was registered with the Charity Commission on 1 September 1970 under registered charity number 500125. The Charity is constituted under the will of William Westwood Skidmore Westwood (‘the Testator’) of the 19 August 1946, as amended by a Scheme of the Charity Commission of 18 January 1972, a Scheme of the Charity Commission dated 22 March 1988 and an Order of the Commission of 26 October 2005, a resolution of the Trustees dated 17 February 2009, a resolution of the Trustees dated 19 January 2022 and a resolution of the Trustees dated 22 August 2023 (“the Governing Documents”).

The Charity does not actively fundraise and seeks to continue the charitable work desired by the Testator through the careful stewardship of its existing resources.

Nominative Trustees:

Nominative Trustees are appointed under clause 5 of the Trustees Resolution dated 19 January 2022 for a term of office of four years. Nominative Trustees are appointed by Worcestershire County Council, Dudley Metropolitan Borough Council and Sandwell Metropolitan Borough Council in such numbers as the Trustees determine from time to time. There must be a minimum of two and a maximum of four Nominative Trustees.

The Nominative Trustees for each Council are as follows:

Worcestershire County Council

3

Page 4

Margaret Westwood Memorial Charity

Trustees Annual Report

Year Ended 5 April 2025

Co-optative Trustees

Co-optative Trustees are appointed under clause 8 of the Scheme of the Charity Commission dated 22 March 1988 for a term of office of five years, by virtue of their special knowledge of the area of benefit, through residence, employment or otherwise.

The Trustees Resolution of 19 January 2022 provides for the appointment of a minimum four Co-optative Trustees and a maximum of eight Co-optative Trustees.

The Co-Optative Trustees are as follows:

Nominative Trustees are appointed by their respective appointing Councils for a term of four years at a meeting convened and held according to the ordinary practice of the appointing Council. The Chair of the meeting of the appointing Council is required to provide to the Trustees and the Secretary the name and details of the person appointed. That person need not be a member of the appointing Council.

Co-optative Trustees are appointed for a term of office of five years by a resolution of the Trustees passed at a special meeting, of which not less than 21 days’ notice has been given. A Co-optative Trustee may be appointed not more than one month before the term of an existing Co-optative Trustee expires, to take effect from the date of expiry, but so that the existing Co-optative Trustee shall not then vote on the matter. Co-optative Trustees must, through residence, occupation or employment, or otherwise, have special knowledge of the area of benefit.

The Governing Documents provide that there shall be no more than four Nominative Trustees and no more than eight Co-optative Trustees.

At the Trustees’ meetings, the Trustees agree the broad strategy and areas of activities for the Charity, including consideration of grant making, investment, reserves and risk management policies and performance.

4

Margaret Westwood Memorial Charity

Page 5

Trustees Annual Report

Year Ended 5 April 2025

The Trustees meet three times per year. The quorum at any meeting is when four Trustees are present.

The day to day administration of grants and the processing and handling of applications prior to consideration by Trustees is delegated to the Secretary.

The Secretary will consider the monitoring information concerning the performance of grants to date and make recommendations to the Trustees concerning the extension, cessation or suspension of existing grant approvals.

The Trustees will take account of the recommendations of the ICSA best practice guide ‘Recruitment, Appointment and Induction of Charity Trustees’ should the need to recruit new Co-optative Trustees arise. The Trustees would look to recruit in light of an appropriate skills audit of the current Board and taking into account the experience, expertise and diversity of the current Board, as well as their knowledge of the Charity’s area of benefit and beneficial class.

New Trustees may be sought by open advertisement or through a dialogue with local community groups respecting the ethos of the Charity. To continue the charitable work intended by the Testator, the Trustees actively seek those with a knowledge of the local area when considering any prospective candidate. The ultimate decision on selection is a matter for the Trustees.

On appointment new Trustees sign a Trustee Declaration and Undertaking committing them to the giving of their time and expertise. It also confirms their ability to act in the role of Trustees. The induction process has been changed to follow the ICSA good practice guide with a formal induction programme for any newly appointed trustee being led by the Clerk, to include initial training in the grant making process, the duties and responsibilities of the Trustees and the role of any sub committees. The welcome pack includes, amongst other information and guidance, a brief history of the Trust, copy of recent Trustee (and sub committee) minutes, a copy of the last three years of annual reports and accounts, a copy of the Governing Document and a copy of the Charity Commission’s guidance ‘The Essential Trustee: What You Need to Know’ and ‘Charities and Public Benefit’.

The Trustees intend in the upcoming year, with the support of the Clerk, to continue developing a code of conduct for Trustees including formal statements of roles and responsibilities and to undertake work on the Charity Governance Code. All Trustees give of their time freely and no Trustee remuneration was paid in the year. Trustees are entitled to claim reasonable out of pocket expenses and where they do those are noted in the accounts.

5

Margaret Westwood Memorial Charity

Page 6

Trustees Annual Report

Year Ended 5 April 2025

Trustees are required to disclose annually (and as they arise) any potential interests which might conflict and register them with the Clerk and in accordance with the Charity’s written conflicts of interest policy.

Risk Management

The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

The major financial risk is the variability of investment returns on the portfolio and its impact on income levels and capital growth. The Trustees have actively sought to manage this risk by appointing Charles Phipps of EFG Harris Allday as Discretionary Manager of the investment portfolio. His role is to monitor the performance of the portfolio, to take appropriate action to mitigate any loss to the portfolio, and to ensure that the objectives as detailed in the Investment Policy Statement are following and reviewed annually.

The major operational risk is the extent to which grants awarded to individuals and charitable or not for profit organisations advances the objects of the Charity and demonstrate sufficient public benefit. The Charity has managed its risk by retaining Trustees of sufficient expertise and experience, and through the quality of the institutions and the people who they support. In addition, the Trustees rely on the Clerk to undertake appropriate and proportionate due diligence on applications and ensure all grant giving retains a focus on the public benefit. The major regulatory impact of the Common Reporting Standard (‘the CRS’), on the operation of the Charity. CRS is being an international tax transparency regime aimed at preventing tax evasion. CRS came into force from 1 January 2016 and the Charity is now required to provide information about their beneficiaries, tax residency status to HMRC, who will then share this information with the appropriate tax authority in other jurisdictions. The Charity is subject to this regime because it relies on investments for more than 50% of its income and those investments are professionally managed by a financial institution under discretionary mandate. This means the Trustees are required to carry out due diligence to establish a tax residency status of all beneficiaries, keep records of efforts to comply with the regime, register with HMRC as a financial institution (“Financial Institution”) if they have reporting requirements and report to HMRC if required.

6

Margaret Westwood Memorial Charity

Page 7

Trustees Annual Report

Year Ended 5 April 2025

The grant application process is reviewed annually and the grant application form expanded to collect the necessary due diligence information that is required in order to establish tax residency status of all grant recipients, both individuals and charity and not for profit organisations. This includes additional information including tax resident jurisdiction, tax identification number (for individuals) and entity status (for organisations). The Trustees will keep this under review.

Objects and Activities for the Public Benefit

The objects of the Charity are to make grants “for charitable purposes devoted to the physical, educational or moral welfare and benefit of children or young persons in the area of benefit”. The area of benefit is defined as the “former County of Worcestershire as constituted on the 19 August 1946” (‘the Area of Benefit’).

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s objects and in planning future activities and setting the grant making policy for the year.

The Charity carries out its objects by providing grants to individuals (for exclusively charitable purposes) and to charitable or not for profit organisations within the area of benefit (for exclusively charitable purposes) within the Area of Benefit. By focusing on these areas of grant activity, the Charity achieves its strategic priority of maintaining an extensive structured grant making programme, balancing support to both individuals and institutions.

Grant Making Policy

The Trustees have power to spend the income, with the capital being retained as permanent endowment and not expendable. The income is expended on an annual basis in furtherance of the objects.

The Charity has adopted a written grant making policy, which details how the Trustees intend to meet the objects for the public benefit, and improve the lives of individuals and support charitable and not for profit organisations (for exclusively charitable purposes) within the geographical Area of Benefit which the Trustees have established and which they review on an annual basis. The Trustees review the grant making policy annually to ensure it reflects the Charity’s objects and continues to advance public benefit.

The Charity’s beneficiaries are individuals under the age of 25 who live in the Area of Benefit and charitable or not for profit organisations (for exclusively charitable purposes) within the same.

az

Page 8

Margaret Westwood Memorial Charity

Trustees Annual Report

Year Ended 5 April 2025

Grants are awarded to individuals who can demonstrate a charitable need to support the costs of educational visits or expeditions, the cost of books and other resources, but not towards the normal costs of education such as course fees or residential costs.

Grants are awarded to charitable or not for profit organisations (for exclusively charitable purposes) for capital projects within the area of benefit. The Trustees will not generally meet core administration costs such as staff costs or property costs etc.

The general policy of the Trustees is not to award retrospective grants and the Trustees retain a discretion to only consider an application from an individual or a charitable or not for profit organisation (for exclusively charitable purposes) once in any two year period.

Grant Making Procedure

Applications can only be considered if they are on the Charity’s standard application form. The application form must be completed and returned (together with a copy of any supporting information relevant to the application) to the Secretary at least four weeks before the meeting at which the application is to be considered.

The Trustees meet three times a year to consider applications.

It is the policy of the Trustees to consider grants on an equal opportunities basis, regardless of gender, religion and ethnic background.

Public Benefit

The Trustees confirm that they have referred to the information contained in the Charity Commission‘’s general guidance on public benefit when reviewing the Charity’s objects and activities, their grant making policy and plans for future period.

The objects and activities of the Charity are largely determined by the provisions of the Governing Documents, and from there the Trustees exercise a discretion in considering how best to meet the public benefit test and ensure that as many individuals and charitable and not for profit organisations (for exclusively charitable purposes) with particular needs will gain advantage. Further details of the grants made are set out in the schedule to the accounts at page 20.

Monitoring and Achievement

The Trustees have continued with an aspiration to seek a reasonable return over a long term. In recent years the return has shown a welcomed recovery and it is considered that our long term objectives remain obtainable.

8

Page 9

Margaret Westwood Memorial Charity

Trustees Annual Report

Year Ended 5 April 2025

During the year the performance of the principal investment portfolio was managed by EFG Harris Allday and was positive with all agreed benchmarks being met.

During the year the number of grant applications considered was 43. Grants were made to 9 charitable and not for profit organisations (for exclusively charitable purposes) and 34 individuals.

The grants made to charitable and not for profit organisations (for exclusively charitable purposes) amounted to £27,990 and the grants to individuals amounted to £11,880.

Financial Review

The Charity’s work is entirely reliant on income generated on the investment portfolio held with EFG Harris Allday.

The total gross income for the year on the investment income fund was £43,613 (c/f 2024 £43,438).

Details of the changes to the investments made by the Trustees are shown in the accounts.

Investment Policy and Performance

The investment powers of the Trustees are as contained in the Trustee Act 2000. This includes the general power of investment under sections 3 - 7. The Trustees have an absolute discretion and are treated as the absolute owners beneficially entitled. The investment powers of the Trustees are wide and allow the Trustees to invest funds in any manner (after taking such advice as they consider necessary) and having regard to the suitability of investments and need for diversification.

The principal investment holdings of the Charity comprise funds and portfolios of quoted securities. As at 5 April 2025, the value represented 100% of the Charity’s investments. The management of the portfolio is undertaken on a discretionary management basis by EFG Harris Allday and the written investment policy is reviewed on at least an annual basis by the Secretary in conjunction with the investment managers and ultimately approved by the Trustees.

9

Margaret Westwood Memorial Charity

Page 10

Trustees Annual Report

Year Ended 5 April 2025

The value of the capital account fund as at 5 April 2025 was £885,121 (c/f 2024 £987,506).

As at 5 April 2025 the Trustees held cash with EFG Harris Allday (earnings account) of £10,812 and cash in the bank with CAF of £21,728.

The Trustees adopted an investment policy statement on 30 October 2019 which is reviewed on an annual basis.

Reserves Policy

The whole of the Charity’s capital is expendable and this distinction between capital and income is not relevant. The trustees appreciate that the general principles of charity law require trustees to spend their income within a reasonable period of receipt.

The Trustees have set and agreed a policy which broadly identifies the framework within which the Charity will operate its reserves. The intention is that the Charity will retain an appropriate and reasonable level of reserves whilst concurrently ensuring that it uses the income in a manner that is within the objects at the best interests of the Charity and its beneficiaries.

Since the Charity receives all of its income from the investment portfolio, the Trustees are mindful that the source of income can be volatile and subject to sudden changes in the market. They are concerned that in any year there is a risk that they cannot meet their ongoing administration and professional expense commitments as and when they arise, due to any fluctuations in the market which may prevent or significantly reduce income.

The Trustees have therefore considered, in conjunction with the professional advisers, the level of reserves to retain from surplus unrestricted funds. They have decided to build up a pot of reserves equivalent to one year’s administrative and professional expenses but excluding grant commitments. This will ensure that should there be any fluctuations in the market which reduce the income available for distribution, the Charity can use its reserves to continue to meet its obligations and liabilities as and when they fall due.

10

Margaret Westwood Memorial Charity

Page il

Trustees Annual Report

Year Ended 5 April 2025

Plan for Future Periods

The Trustees believe their grants have translated into significant public benefit. The Charity is a lasting testimony to the generosity and charitable concerns of the Testator. In cementing the arrangements already in place, and continuing with its current activities as set out in this report, so that the many and varied charitable and not for profit organisations, and individuals may continue to benefit in real terms from its financial support, the Charity aims to provide a longer term commitment and thereby encourage and support individuals and charitable and not for profit organisations within the area of benefit.

The intention is to continue a programme of grant giving which will translate into significant public benefit. The Trustees will focus on those individuals and organisations who would benefit in real terms (impact) from its financial support, thus providing and ensuring a longer-term commitment to support.

Trustees’ Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards. The law applicable to charities in England and Wales required the Trustees to give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including income and expenditure of the Charity for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Governing Documents.

11

Margaret Westwood Memorial Charity

Page 12

Trustees Annual Report

Year Ended 5 April 2025

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud any other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Register of Charities.

Approved by the Trustees and signed on their behalf by: Peter Edward Sugg Chair to the Trustees

12

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

ACCOUNTANTS REPORT FOR THE YEAR ENDED 5 APRIL 2025

We repo1t on the accounts for the year ended 5 April 2025 set out on pages 14 to 20.

Respective responsibilities of trustees and accountants

As the charity's trustees you are responsible for the preparation of the financial statements; you consider that the audit requirements of section 43 (2) ofthc Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether paiticular matters have come to our attention.

Basis of our report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Reporting accountants' statement

In connection with our examination, no matter has come to our attention:

have not been met; or

Folkes Worton LLP Chartered Accountants

15 & 17 Church Street Stourbridge West Midlands DY8 !LU

08 January 2025

Page I3

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

;

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Total Total
Income Capital funds funds
Account Funds 2025 2024
£ £ £ £
GROSS INCOME
Investmentincome 39,031 - 39,031 38,091
Property income 2,090 - 2,090 5,018
Donation received - - - -
Bank interest 532 - $32 329
Profit on disposal ofinvestments - 1,960 1,960 -
41,653 1,960 43,613 43,438
LESS:
Grants awarded (39,870) - (39,870) (32,100)
Loss on disposal ofinvestments - (95,269) (95,269) (20,789)
1,783 (93,309) (91,526) (9,451)
LESS: EXPENDITURE
Secretary's expenses (16,030) - (16,030) (16,702)
Treasurer's expenses (4,644) - (4,644) (3,585)
Harris Allday fees - (9,076) (9,076) (6,701)
Bankcharges (108) - (108) (105)
Sundry expenses - - - -
(20,782) (9,076) (29,858) (27,093)
Excess ofincome over expenditure for theyear (18,999) (102,385) (121,384) (36,544)
Accumulated income and capital account brought forward 46,234 987,506 1,033,740 1,070,284
Accumulatedincomeandcapitalaccountcarriedforward 27235 885,121 912,356 1,033,740

Page 14

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

BALANCE SHEET

FOR THE YEAR ENDED 5 APRIL 2025

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |05/04/2025|05/04/2024| |Notes|£|£|£|£| |CAPITAL ASSETS| |Investments|at|cost|]|871,885|982,864| |Market|value:| |5|April|2025|- £787,944| |5|April|2024|-|£826,964| |Harris|Allday|deposit|account|12,116|3,336| |884,001|986,200| |CURRENT|ASSETS| |CAF|account|21,728|30,490| |Harris|Allday|earnings|account|10,812|21,455| |32,540|51,945| |LESS:|CURRENT|LIABILITIES| |Creditors|2|(4,185)|(4,405)| |Grants|due|-|-| |28,355|47,540| |NET ASSETS|912,356|1,033,740| |CAPITAL ACCOUNT|3|885,121|987,506| |INCOME|ACCOUNT|3|27,235|46,234| |TOTAL FUNDS|912,356|1,033,740_|

----- End of picture text -----

The financial statements which have been prepared in accordance with the requirements of Section 42 of the Charities Act 2011 were approved by the Trustees on 8 October 2025 and signed on their behalf.

----- Start of picture text -----
pr ein!
Peter Edward Sugg
Chair of the Trustees
----- End of picture text -----

The notes on pages 16-20 form part of these financial statements.

Page 15

°
.
c]
Ba
e
7S
ss}
Zc
G4		 o
i—J
Qo
=,
&§
s
al
2
al
cs
w
i )
&
8
aS
oo
an
w
N
ta)		 qgaeooeo
wn
.
ess4
sooo
—-Too
So
SSRR BS
wnwto x
Ate
He A		 co oeoenocace sc
S RERSSSSssE
ecenrsacnosccsad
co onovnnvnawsre
2 AHRERAASSST
YT
SNC Maman sS
HM AEANMRRKNN		 oS
o
HF
SF
ao
oe
al
=
or
Oo
oN		 , o
ooaw
FSSHR
-
B
a
o aoe
-
Coal
8 oon
&
$ = 329
a
&
sa one
YY
w
qa
P=
 S
EP		 -
Ss
io
=,
A
©
a
a
fe
Dal
Led
‘Oo
iat
8,
Z
bcd
ive]
x		 wonmc
NASTOA
STROHDA
ano
&
SE
SE
nmoNw
Hw		 fon] nNonronwaono
ANAT
SHH Yse
~,
= ¥MosTCaKa
— AMANTAWVUTAN
8
a
OeOe
rth,
og nonernryas		 Se]
o
H
=
sok
=~
lad
r
oS
ed		 ,
c—)
Z
a		 =
a
°		 a
=
ca
s
ial
an		 =
Aa
=
&
ass
Ao Mm
i
Or A
onr		 =
o		 -
35
ge}
Sr)
=		 A
2		 2
a
S
s
2		 a
San
om
S
os
ee		 ao
=		 ft ”
as
ayH
gs
Ss
3
‘
s
y) 3
2) 3
S
Pe)
=		 =
Sc
S
Ss
=
roy
a
gS
z		 aa
=
eon Se
>
Sas
Ss
nas
oS
ale aint)
i)
AA
xi
wan
ral
Ven
at
=		 =
aA
aa
Se
om
a]
oon
S
a
os
sea
feat
val
na
ran
a
=
g
o
a
nan
so
wera
w
o
=
ote
men
ey
Fe 2)
a
=
crt		 ma
c=)
Se
i
a
=
cs
a		 OA
n
Rr
Eon]
a
a
Ss
&		 =>
mS
~
So
wv
co
5
aS
s/s
oS
sal
1S
te)
ot
S 3
nN
a
@
AlN
Ss
yO
o
1a
o		 &
2
¢
#
a] oy
als
»		 “
a
S
Q
g
Dal
=
S		 rv
=
aga
a
eoo
o
aag
a
g
g
wan
o
2ee
=
S2aE
a		 w
=
“
bE.mies. 0
a
a
8
AAA
°
=)
eoo
a
a
&
Qa
g
Q
aa 2S
=
ve)
=
o
TAO
=
£
6s
eer
Ss
a
&
sort
Pa
=		 vr
a
a
os
3
a
a
tr
an
S
2£
So
:
g
‘a
“S		 zwooooye
SARSSSSSE
TNonr-
o
ated tg ehh Narn
sound
aaa		 al
a
-
ink
an
=		 oo
nu
J
ss
8
&
A
ow
2
i
20
eS
Sy
kas
on
al
og
=
a
a
=
5 ”
<x
2)
S		 -S
oS
4-2
al
el 2
3
a		 szs~weres rer MH
sscoososg
geqgqggga
CSSRRARHs
Seeseeceg
Braanssa
ooo -MNN		 vr
2°
g
=
=
~
o		 Sal wo
ss
a4
~
oo
3
¢
=
Sa
g
ag
g
as
Ss
s
S
x<eees
=
mn i
~
=
3
Nn
nN
o
co
-
5
eo
°=
3
[=
g		 =
Ss
:
BN
B 2
fa
zy
;
slg
az
os
=		 “Ny
58
as
SS
Ear		 wn
eowo 4
N
SASZmM
eo
wornnDD
ai
SGN:
Me
Val
wroMnnNn
el
aT Tr eK
NN		 tT Noo!
wanes wo
AaNSN ,SHMS
AQ
BAMAETEROSHo
1 SUR:
eeOe
nN oory
NOnw
aN
an ANN HY)
ANN
YH		 i=
F
HD
fe
lo
co]		 o
A
i
>
“		 bw
FSF
wv
~~
Ss
a)		 an
st
ed
fF
GS
A
2
=
a
o
=
j
3
lo)
[o)
Fa
n
=)
2
a
5
[-4
<
3
[=
<
sz]
re
wal
=
Aa
tx ©
Ss
vy =
gs
te}
elo
Bg
3
PAS
asl		 ra)
a
S
J
2
Sok
mw
4
=]
wn &
Hs
2
24
ye]
2
os
§
ua
Zz
rs)
da
5
2g
3
~
5
ot]
Be
ee
Sle
ES
2 s.£
ge
res
s		 3o
a]
are ie
ze}
a		 &
a
n
2
ef
Ea
a 8
a=]
E
=
sa
o 8
>
zf3
2
mo
£
S
=
8
gefBa
=&
56
~
22
25
3
3
q
é
85s
8
S50
5
A
<ao0
a
“no
So
o
ac
S&S
Ss
cee
g
sow
:
—m
om
=		 2
=neZ
a
AFA»
o
Here
5
sEéSs
=
Ss
zZ
ra
Ss
5
£6235
S
oO 8
£E
s9ex
=f
2282
Ko
&BEage
=
a
a
Ses2
=
A3S8SE
&£
gisagy
=)
=
BOR
UG
6 8A00©
oS
anoocolco
Ss
—~ses B
eS
“usecR
a
eovewoo=
ee)
==a=		 zs
Zz
Diy
eA
a
&
oe 8
8
ofBes S
a
2
ZOERE
Es
EYaAe ee
&
Sy
S575 08
o
2 &
SA
mp5 EY
2 See
coORSES
°
8 842482G2% =
a
Ses S55
Ex
§
qe YEZe4tE
RES 8
Pxzessz25 52
se
4
e238 m
&
6
38
=a
= 5
£2 ete
sSGSh2G§
& SREP
ke
ESESEESS222
= =
5S ae
rt =
srobkoefect
£
££ B22eaeeH7FFF&F
o
Seoeoeveeseee2
8g
©
sesesseeseeqce
&
SeRggsessseqeHqge
S OoOgWFeeneeN
A ANU FEnarae nan		 a
5
2
&
£
O°
5
fim
2
°
xe
—
2
BS
§
§
S
5
2a
TF
2
s
F
i
>
fs)
a
F&
&€
8
Ee
2
8
5 FG
°
4
3
x=
F
F&F
3D
o
o
co
So
Ss
Se
4»
F&F
F
io)
w
S
H
A
SG

:

TRUSTEES OF THE MARGARET WESTWOOD, MEMORIAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

05/04/2025 05/04/2024
i £
2. CREDITORS
Secretary's expenses 1,700 2,550
Treasurer's expenses 2,485 1,855
4,185 4,405
3. FUNDS
At Movement At
05/04/2024 in year 05/04/2025
Capital account 987,506 (102,385) 885,121
Income account 46,234 (18,999) 27,235
1,033,740 (121,384) 912,356

4, TRUSTEE REMUNERATION

No remuneration was paid to the trustees during the period.

5. GRANTS PAID

----- Start of picture text -----
Number £
Grants to individuals 35
Grants to institutions 8
——_ 43
----- End of picture text -----

TT

PagedO

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

SCHEDULE OF INVESTMENT INCOME FOR THE YEAR ENDED 5 APRIL 2025

Investment income

Investment income Date Dividend
Troy Trojan Income O Inc 08/04/2024 (1,688.19)
Troy Trojan Income O Inc 08/04/2024 1,290.35
Diarsc 08/04/2024 397.84
GSK 11/04/2024 320.00
Middlefield Canadian Income 30/04/2024 265.00
Twentyfour Income Fund Red 03/05/2024 990.00
Dunedin Inc 3 l/05/2024 664.00
Greencoat 31/05/2024 250.00
Taylor Maritime Investments 31/05/2024 624.90
GCP Infrastructure 04/06/2024 700.00
UK Treasury 4.25 07/06/2024 1,9 I 2.50
Tritax Big Box
International Public Ptnr		 07/06/2024
13/06/2024		 228.13
814.00
Murray Inc Trust 13/06/2024 237.50
Tritax Euro Box pie 21/06/2024 349.20
Tritax Euro Box pie 21/06/2024 183.12
WS Guinness 24/06/2024 180.34
SDCL Energy Efficiency
VH GBL Energy Efficiency		 28/06/2024
28/06/2024		 468.00
710.00
DMS Latitude 10/07/2024 132.31
GSK 11/07/2024 262.50
National Grid 19/07/2024 782.40
Cordiant Digital
Middlefield Canadian Income		 19/07/2024
31/07/2024		 330.00
265.00
Twentyfour Income 02/08/2024 500.00
Dunedin Inc 30/08/2024 512.00
WS Guinness 30/08/2024 130.15
Greencoat 30/08/2024 250.00
Taylor Maritime Investments 30/08/2024 603.83
Tritax Big Box 06/09/2024 228.13
GCP Infrastructure 09/09/2024 700.00
UK Treasury 5 09/09/2024 1,500.00
Murray Inc Trust
VH GBL Energy Efficiency		 12/09/2024
13/09/2024		 250.00
710.00
Tritax Euro Box pie 13/09/2024 351.30
Tritax Euro Box pie
SDCL Energy Efficiency		 13/09/2024
27/09/2024		 177.77
474.00
Coupons paid DIARSC 30/09/2024 271.72
Coupons paid VT RM ALT Inc 30/09/2024 101.85
Coupons paid Troy Trojan income 30/09/2024 1,003.22
OMS Latitude 04/10/2024 68.61
GSK 10110/2024 262.50
BBGI Global Infrasructure I 7/10/2024 1,260.00
Middlefield Canadian Income 3 \/10/2024 265.00
Twentyfour Income 01/11/2024 500.00
Primary Health Properties 22/11/2024 110.00
Cai-ried forward 20,898.98

Cai-ried forward

| :

:

;

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

SCHEDULE OF INVESTMENT INCOME CONT'D FOR THE YEAR ENDED 5 APRIL 2025

Investment income Date Dividend
Brought forward 20,898.98
Primary Health Properties 22/11/2024 580.00
Tritax Big Box 27/11/2024 365.00
GCP Infrastructure 29/11/2024 350.00
Dunedin Inc 29/11/2024 512.00
Greencoat 29/11/2024 250.00
Taylor Maritime Investments 29/11/2024 627.40
WS Guinness 29/11/2024 98.28
UK Treasury 4.25 09/12/2024 1,912.50
Murray Inc Trust 12/12/2024 237.50
Cordiant Digital 20/12/2024 735.00
Blackrock World Mining 20/12/2024 412.50
VH GBL Energy Efficiency 23/12/2024 250.00
VH GBL Energy Efficiency 23/12/2024 460.00
DMS Latitude 23/12/2024 153.87
VTM Altine 31/12/2024 371,72
SDCL Energy Efficiency 31/12/2024 474.00
GSK 09/01/2025 262.50
National Grid 14/01/2025 409.15
UK Treasury 4.25 29/01/2025 618.75
Middlefield Canadian Income 31/01/2025 275.00
Twentyfour Income 03/02/2025 $00.00
Dunedin Inc 28/02/2025 $12.00
WS Guinness 28/02/2025 171.05
Diarse 28/02/2025 39.13
Greencoat 28/02/2025 250.00
Taylor Maritime Investments 28/02/2025 1,891.46
GCP Infrastructure 11/03/2025 350.00
Murray Inc Trust 13/03/2025 237.50
VH GBL Energy Efficiency 27/03/2025 600.00
VHGBL Energy Efficiency 27/03/2025 125.00
Tritax Big Box 28/03/2025 437.00
Diarsc 31/03/2025 587.12
Royal Ldn Short 31/03/2025 479.60
VTM Alt ine 31/03/2025 364.75
SDCL Energy Efficiency 31/03/2025 474.00
Troy Trojan Income 31/03/2025 1,603.09
DMS Latitude 02/04/2025 154.86
Total Investment Income 39,030.71
Holding Property income Date
Permanent Endowment Fund
Primary Health Properties 17/05/2024 110.00
Primary Health Properties 17/05/2024 580.00
Primary Health Properties 16/08/2024 110.00
Primary Health Properties 16/08/2024 580.00
Primary Health Properties 21/02/2025 160.00
Primary Health Properties 21/02/2025 550.00
Totalpropertyincome
:		 2,090.00

Page 19

7

TRUSTEES OF THE MARGARET WESTWOOD MEMORIAL CHARITY

SCHEDULE OF GRANTS AWARDED FOR THE YEAR ENDED 5 APRIL 2025

Date
Application Recipient released Amount
2024/14 ~B Davies 11/07/2024 250.00
2024/15 HHNasar 08/07/2024 430.00
2024/16 Samual Ashen 10/09/2024 250.00
2024/17 T Capewell 16/07/2024 250.00
2024/18 J Parsons 09/07/2024 250.00
2024/19 — Perdiswell Young People Leisure 11/07/2024 5,000.00
2024/20 Kevon Premaratne 10/07/2024 250.00
2024/21 Crackerjack Children Trust 16/07/2024 1,515.00
2024/22 AlexaDowns 19/08/2024 250.00
2024/24 Masie Wilkes 06/11/2024 300.00
2024/25 Harry Gardiner 04/07/2024 750.00
2024/26 Zoe Hutchins 06/11/2024 750.00
2024/27 Isabelle Hadley Jones 06/11/2024 750.00
2024/28 Hasnain Ahmed 06/11/2024 500.00
2024/29 Alfred Cole 06/11/2024 300.00
2024/30 Eleanor Turner 06/11/2024 100.00
2024/31 Hannah Turner 06/11/2024 100.00
2024/32 Polina Oliinyk 06/11/2024 750.00
2024/33 Amelia Hale 06/11/2024 250.00
2024/34 Severn Academies Trust 06/11/2024 2,175.00
2024/36 Malvern Special Families 06/11/2024 1,000.00
2024/37 ~~ April Florence RencherPencins 06/11/2024 250.00
2024/38 Ruby Casey 06/11/2024 250.00
2024/39 Rebecca Brookes 06/11/2024 300.00
2024/40 GuideDogs 06/11/2024 1,000.00
2024/41 ChloeHughes 06/1 1/2024 250.00
2024/42 Chloe Moorhead 06/11/2024 250.00
2024/43. KIDS 06/11/2024 4,000.00
2024/44 =MahldaKatieJasmine Price 06/11/2024 250.00
2024/45 Estelle Paige Stanley 06/11/2024 250.00
2024/46 Felicity Laura Road Stanley 06/11/2024 250.00
2024/47 ~— Scarlet Pollard 06/11/2024 250.00
2024/48 Armonico Conson 06/11/2024 2,000.00
2024/35 Bromsgrove Youth & Community 13/01/2025 10,000.00
2025/01 Matilda louise Day 17/02/2025 300.00
2025/02 Charlotte Grace Deller 17/02/2025 250.00
2025/03 Leo Thomas Harrison 17/02/2025 250.00
2025/04 Carmen Victoria West 17/02/2025 300.00
2025/05 Amber Rose Harvey-Ellege 17/02/2025 750.00
2025/06 Hollie Joyce Evans 17/02/2025 250.00
2025/07 Tai AlexanderBowen 17/02/2025 250.00
2025/08 Hollie Rowe 17/02/2025 750.00
2025/09 —The The Parish ofKidderminster 19/03/2025 1,300.00
Totalgrantsissued 39,870.00

Page 20