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||||Page|
|---|---|---|---|
|Trustees'|Annual
Report - Reference and Administrative|Information||
|Trustees'|Annual
Report||2-6|
|Auditors'|Report||7-9|
|Statement|ofFinancial Activities||10|
|Balance Sheet||||
|Statement|ofCash Flows|||
|Notes to the Financial
Statements|||13-20|
##
|Charity|Name|Name||The Will Charitable|The Will Charitable|The Will Charitable|Trust|Trust||
|---|---|---|---|---|---|---|---|---|---|
|||||Registered
Charity|||No:|801682||
|Governing||Instrument||Deed of trust dated|||20|March|1989|
|Trustees||||Mr AJ McDonald||||||
|||||Mrs VA Reburn||||||
|||||Mr R Luff||||||
|||||Ms J E BDyson||||||
|||||Mr R Boddington||(appointed|||14 December 2021)|
|Principal||ONce|ofthe Charity|10Queen Street Place||||||
|||||London||||||
|||||EC4R 1AG||||||
|Appeals|for grants are dealt with by the Grants Office,|||||Bridge House, 11Creek Road, East||||
|Molesey|KT8 9BE.|||||||||
|Administration|||&Accountancy|Haysmacintyre|LLP|||||
|||||10Queen Street Place||||||
|||||London||||||
|||||EC4R 1AG||||||
|Auditor||||Leonard Jones|&|Co||||
|||||1 Printing
House Yard||||||
|||||London||||||
|||||E2 7PR||||||
|Solicitor||||Farrer & Co||||||
|||||66 Lincoln's
Inn|Fields|||||
|||||London||||||
|||||WC2A 3LH||||||
|Banker||||C. Hoare &Co.||||||
|||||37 Fleet Street||||||
|||||London||||||
|||||EC4P 4DQ||||||
|Investment||Manager||Sarasin
& Partners||LLP||||
|||||Juxon House||||||
|||||100St Paul's Churchyard||||||
|||||London||||||
|||||EC4M 8BU||||||
|Website||||www. willcharitabletrust.||||org.uk||
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|||Note||2021|||2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Expendable|||
||||Funds
f|Funds
f|Endowment
f|Totalf|Totalf|
|INCOME||||||||
|Income from investments
Job Retention Scheme|||554,120
5,010|||554,120
5,010|668,896|
|Total Income|||559,130|||559,130|668,896|
|EXPENDITURE ON||||||||
|Raising funds - investment|management|fees||||||
|Charitable
Activities:||8a|||(2,819)|(2,819)|462|
|Grants made||10|906,000|15,000||921,000|697,800|
|Support costs||7&8|134,918|||134,918|136,270|
|Total Expenditure|||1,040,918|15,000|(2,819)|1,053,099|834,532|
|Net (expenditure)/income|before||(481,788)|(15,000)|2,819|(493,969)|(165,636)|
|gains and losses on investments||||||||
|Other recognised
gains/(losses):||||||||
|Net gains/(losses)
on investments||2|||3,569,815|3,569,815|(2,264,735)|
|NET (EXPENDITURE)/INCOME|||(481,788)|(15,000)|3,572,634|3,075,846|(2,430,371)|
|Transfer between
funds|||117,615||(117,615)|||
|NET NIOYEMENTIN
FUNDS|||(364,173)|(15,000)|3,455,019|3,075,846|(2,430,371)|
|TOTAL FUNDS BROUGHT FORWARD|||364,173|241,600|17,476,237|18,082,010|20,512,381|
|TOTAL FUNDS CARRIED|FORWARD|||226,600|20,931,256|21,157,856|18,082,010|
##
##
|||Note|2021||2020||
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|Investments||||20,452,278||17,381,696|
|Fixtures,
Fittings
8 Equipment||||4,956||966|
|||||20,457,234||17,382,662|
|CURRENT ASSETS|||||||
|Cash at Bank and on|Deposit||784,707||725,634||
|Debtors|||2,094||||
||||786,801||725,634||
|Creditors: amounts|falling due within one year||||||
|Creditors||4|86,179||26,286||
||||86,179||26,286||
|NET CURRENT ASSETS||||700,622||699,348|
|TOTAL NET ASSETS||||21,157,856||18,082,010|
|THE FUNDS QF THE CHARITY|||||||
|Unrestricted
Funds||5||||364,173|
|Designated
Funds||5, 9||226,600||241,600|
|Expendable
Endowment||5||20,931,256||17,476,237|
|||||21,157,856||18,082,010|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash|used in operating
activities||||(434,931)|(225,662)|
|Capital expenditure
&financial||investment:|||||
|Purchase of investments
Proceeds from sale of investments|||||(3,580,632)
3,963,361|(2,648,479)
2,455,831|
|Decrease
in
investment
portfolio||cash|||116,504|193,833|
|Purchase
oftangable
fixed assets|||||(5,229)||
||||||494,004|1,185|
|increasel(decrease)
in cash at bank and on deposit|||||59,073|(224,477)|
|Cash|at bank and on deposit at|beginning||ofyear|725,634|950,111|
|Cash|at bank and on deposit carried forward||||784,707|725,634|
|Note|to Statement ofCash Flows||||||
||||||2021|2020|
|a|Reconciliation
of net expenditure||to||||
||net cash outflow from operating||activities||||
||Net expenditure||||(493,969)|(165,636)|
||Depreciation||||1,239|242|
||Increase/(decrease)
in creditors||||59,893|(60,268)|
||(Increase)
in debtors||||(2,094)||
||||||(434,931)|(225,662)|
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|2|Investment
Assets|Investment
Assets|Investment
Assets|||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|E|
||UK listed
Overseas
Cash held|investments
investments
as part of||at market value
at market value
the investment
portfolio||||11,927,158
8,256,370
268,750|10,849,358
6,147,084
385,254|
|||||||||20,452,278|17,381,696|
|||||||||2021|2020|
|||||||||E|E|
||Market value at 5April 2020|||||||17,381,696|19,647,616|
||Less:||Proceeds on disposals||of|investments||(3,963,361)|(2,455,831)|
||Add:||Acquisitions
at cost|||||3,580,632|2,648,479|
||||Gains/(losses)
on sale||of|investments||435,534|(238,364)|
||||Net gains/(losses)
on||revaluation||at 5April 2020|3,134,281|(2,026,371)|
||||(Decrease) in investment|||portfolio cash||(116,504)|(193,833)|
||Market value at 5April 2021|||||||20,452,278|17,381,696|
|3|Investment||Income|||||2021|2020|
|||||||||E|E|
||UK listed investments|||||||387,141|456,402|
||Overseas|investments||||||166,226|208,044|
||Investment||manager's|interest||||404|2,316|
||Other income|||||||349|2,134|
|||||||||554,120|668,896|
|4|Creditors:||amounts|falling due within||one year||2021|2020|
|||||||||E||
||Accruals|||||||86,179|26,286|
|||||||||86,179|26,286|
##
##
|5|Analysis
Fund|ofBalance Sheet Net Assets by|ofBalance Sheet Net Assets by|Expendable|Designated|Unrestricted||
|---|---|---|---|---|---|---|---|
|||||Endowment|Funds|Funds|Total|
|||||E|E|E|F|
||Fixed assets|||20,457,234|||20,457,234|
||Current|assets||474,022|226,600|86,179|786,801|
||Current|liabilities||||(86,179)|(86,179)|
|||||20,931,257|226,600||21,157,856|
||Comparative||2020Analysis ofBalance Sheet|||||
||Net Assets by Fund|||||||
||Fixed assets|||17,382,662|||17,382,662|
||Current|assets||93,983|241,600|390,051|725,634|
||Current|liabilities||(408)||(25,878)|(26,286)|
|||||17,476,237|241,600|364,173|18,082,010|
##
||expected use|ful
life|on a 20%reducing
balance bas|is.||
|---|---|---|---|---|---|
||Cost|||||
||As at 6 April|2020||6,422||
||Additions
in year|||5,229||
|||||11,651||
||Depreciation|||||
||As at 6 April|2020||5,456||
||Charge for year|||1,239||
|||||6,695||
||Net Book Value|||||
||As at 6April|2021||4,956||
||As at 5 April|2020||966||
|7|SupportCosts|||||
|||||2021|2020|
|||||E|E|
||Staff salaries|||58,315|56,730|
||Employer's
National||insurance|2,209|2,209|
||Grants o%ce running||costs|19,768|15,058|
||Pension costs|||6,031|1,087|
|||||86,323|75,084|
||Governance|costs (See note 8)||48,595|61,186|
|||||134,918|136,270|
##
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##
|10|Grants made to|institutions|institutions||2021|2020|
|---|---|---|---|---|---|---|
||Care of People with Learning|||Disabilities|||
||Accuro||||10,000|10,500|
||Apuldrum|||||15,000|
||Autism Wessex|||||13,000|
||Awen Cultural
Trust|||||15,000|
||Bevem Trust||||10,000||
||Bishop Creighton||||20,000||
||Brunswick
Organic Nurseries||||10,000||
||Canterbury
Oast|Trust|||10,000|21,000|
||Diverse Abilities||||10,000||
||Enhanceable|||||7,500|
||FACET||||10,000||
||Father Hudson's|Care||||15,000|
||Foresight||||10,000||
||Henshaws|||||25,000|
||Jigsaw||||10,000||
||Live Music Now||||6,000||
||Martha Trust||||10,000||
||Meath Epilespy||||10,000||
||Milestones
Trust|||||5,000|
||Minstead
Trust||||25,000||
||NANSA||||10,000||
||Orcadia|||||4,000|
||Phoenix Project|||||4,000|
||Reading
Mencap||||15,000||
||St Elizabeth's|||||15,000|
||Southend
Mencap||||10,000|7,000|
||Spadework||||20,000|13,000|
||SpeakUp SelfAdvocacy||||10,000|10,000|
||Stanley Grange Community||Association||10,000||
||Stockdales|||||25,000|
||Style Acre||||10,000|3,500|
||SWALLOW||||10,000|8,000|
||Watford Mencap||||10,000||
||Wirral Mencap|||||3,500|
||Yatley industries||||20,000|5,000|
||Grand Total||||276,000|225,000|
||Care ofthe Blind, Prevention|||of, or Cure ofBlindness|||
||4Sight Vision Support||||10,000||
||Alington
House Community||Association|||3,000|
||Angel Eyes Nl||||10,000|10,000|
||Bardet Biedl Syndrome||||10,000||
||Barrow & Districts|Society|for the Blind||10,000||
||Bradbury
Fields||||10,000|14,000|
||British Blind Sport||||10,000||
||Clear Visiion||||10,000|12,500|
||Grants made to Institutions|Grants made to Institutions|(con't)||2021|2020|
|---|---|---|---|---|---|---|
|10|Care ofthe Blind, Prevention||of, or Cure of|Blindness|||
||(con't)||||||
||Coventry
Resource Centre for||the Blind||10,000||
||Deafblind
Uk||||10,000||
||Deafblind
Scotland||||20,000|15,000|
||DeafPLUS|||||15,000|
||East Sussex Association|of Blind and Partially||Sighted||4,500|
||People||||||
||IMPACT UK||||10,000|20,000|
||Living Paintings||||10,000||
||MACS||||10,000||
||My Sight York|||||3,800|
||New College Worcester||||20,000||
||Nystagmus
Network|||||5,000|
||Retina UK||||10,000|15,000|
||Royal National
College for the||Blind||15,000||
||SeeAbility|||||15,000|
||Sight for Surrey||||5,000||
||Sight Concern Worcestershire|||||10,000|
||Sightsavers|||||25,000|
||Sight Support Derbyshire||||10,000||
||Southend
in Sight||||15,000|7,000|
||StJohn ofJerusalem||||10,000||
||Vista||||5,000|16,000|
||Vision North Somerset|||||5,000|
||Walthew
House||||10,000||
||West of England
School|for the Blind (WESC)|||10,000|15,000|
||Wirral Society of Blind and Partially Sighted||||10,000||
||Grand Total||||260,000|210,800|
||Care ofCancer Patients||||||
||Ayrshire
Cancer Support||||5,000||
||Beaumond
House Hospice||||10,000||
||Bloodwise|||||10,000|
||Bowel Cancer UK||||10,000||
||Breast Cancer Haven||||10,000||
||Cancer Focus Northern|Ireland|||10,000|15,000|
||Cancer United||||10,000||
||Cavendish
Cancer Care||||5,000||
||Cancer United|||||16,000|
||Childhood
Cancer Trust||||10,000||
||Citizens Advice
Mid Mercia|||||19,000|
||CLIC Sargent||||10,000|10,000|
||Comwall
Hospice Care|||||17,500|
||Dorothy House Hospice||||10,000||
||East Cheshire
Hospice||||15,000||
||Ellenor||||10,000||
||Ellen MacArthur
Trust|||||4,500|
||Force Cancer Charity||||5,000||
##
|10|Grants made to Institutions|(con't)|||
|---|---|---|---|---|
||Care ofCancer Patients (con't)||||
||Hannah's
Holiday
Home Appeal|||4,500|
||Hospiscare||10,000||
||Hull Churches
Home from Hospital Service|||15,000|
||Involve Kent|||4,500|
||Jo's Cervical Cancer Trust||10,000||
||Lewis Foundation|||3,000|
||Look Good Feel Better|||9,500|
||Longfield||10,000||
||Momentum||10,000||
||Mullberry
Centre||10,000||
||Norfolk Hospice||20,000||
||Orchid Cancer Appeal||10,000||
||Pancreatic Cancer UK||10,000||
||Paul's Cancer Support||10,000||
||Penny Brohn UK||10,000|12,500|
||Price ofWales Hospice||10,000|12,500|
||Rennie Grove Hospice Care||10,000||
||Rotherham
Hospice||10,000||
||Roy Castle Lung Cancer Foundation||10,000|7,000|
||Royal Trinity Hospice|||4,500|
||Sarcoma UK||10,000||
||St Giles Hospice||10,000||
||St Luke's Hospice (Basildon)|||15,000|
||St Luke's Hospice (Brent & Harrow)||10,000||
||St Oswald's
Hospice (Newcastle)||10,000|12,000|
||St Peter &StJames Hospice||10,000||
||Target Ovarian Cancer||10,000||
||Wakefield
Hospice||10,000||
||We Hear You (WHY)||10,000||
||Wessex Cancer Trust||20,000|4,000|
||Grand Total||370,000|196,000|
||Total||||
||||906,000|631,800|
||Exceptional Grants Fund||||
||Dementia
UK|||66,000|
||Jigsaw||15,000||
||||15,000|66,000|
||Grand Total||921,000|697,800|
##
|11|Comparative
Statement of Financial|Unrestricted|Designated|Expendable|Total|
|---|---|---|---|---|---|
||Activities - as restated|||||
|||Funds|Funds|Endowment|2019|
|||f
E||E|E|
||INCOME|||||
||Income from investments|668,896|||668,896|
||Total Income|668,896|||668,896|
||EXPENDITURE ON|||||
||Raising funds|||462|462|
||Charitable
Activities|||||
||Grants made|631,800|66,000||697,800|
||Support costs (including|||||
||governance
costs)|136,270|||136,270|
||Total Expenditure|768,070|66,000|462|834,532|
||Net (expenditure)
before|(99,174)|(66,000)|(462)|(165,636)|
||gains and losses on investments|||||
||Other recognised
gains/(losses):|||||
||Net losses on investments|||(2,264,735)|(2,264,735)|
||NE/(EXPENDITURE)RNCOME|(99,174)|(66,000)|(2,265,197)|(2,430,371)|
||Transfer between
funds|||||
||NET MOVEMENT
IN FUNDS|(99,174)|(66,000)|(2,265,197)|(2,430,371)|
||TOTAL FUNDS BROUGHT FORWARD|463,347|307,600|19,741,434|20,512,381|
||TOTAL FUNDS CARRIED FORWARD|364,173|241,600|17,476,237|18,082,010|