REGISTERED CHARITY NUMBER: 801703
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30th September 2023
for
The Winifred Gandine-Stanton Trust
Neil Westwood & Co. Chartered Accountants 101 Dixons Green Road Dudley West Midlands DY2 7DJ
The Winifred Gandine-Stanton Trust
Contents of the Financial Statements for the Year Ended 30th September 2023
Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 11
The Winifred Gandine-Stanton Trust
Report of the Trustees for the Year Ended 30th September 2023
The trustees present their report with the financial statements of the charity for the year ended 30th September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote and advance knowledge of the religion and philosophy of Spiritualism, as defined by the following seven principles:
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The Fatherhood of God
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The brotherhood of man
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The communion of spirits and the Ministry of Angels
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The continuous existence of the human soul
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Personal responsibility
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Compensation and retribution hereafter for all the good and evil deeds done on earth
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Eternal progress open to every human soul
Activities
Support of Seven Principle Spiritualism in line with the Trust Objects by supporting churches, spiritual education and training programmes throughout the country. Also assisted and made donation to Spiritualists who were in benevolent and financial need.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
801703
Principal address
2 Oakfield Road Stourbridge West Midlands DY8 5XS
Trustees
S Fellows - Chairman T George S Jex (resigned 13.1.24) K Shirley (resigned 13.1.24) R Dangerfield - Treasurer
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The wlfred Gandititrstsntou Trust Report of the Trustees for tbe Year Ended 30th September 2023 Independent Examiner Neil Westwood & Co. Chartered Accountants 101 Dixorts Green Road Dudley West Kid18nds DY2 7DJ Approved by der ofthe board of trthqtees on 16th March 2024 and $id on its lthlfby: S Fellows- Chainn Pag¢ 2
Independent Examiner's Report to the Trustees of The Winifred Gandine-Stanton Trust
Independent examiner's report to the trustees of The Winifred Gandine-Stanton Trust
I report to the charity trustees on my examination of the accounts of The Winifred Gandine-Stanton Trust (the Trust) for the year ended 30th September 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
N A Westwood
Neil Westwood & Co. Chartered Accountants 101 Dixons Green Road Dudley West Midlands DY2 7DJ
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The Winifred Gandine-Stanton Trust
Statement of Financial Activities for the Year Ended 30th September 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Courses and conferences 4,645 Investment income 2 24,198 Total 28,843 EXPENDITURE ON Charitable activities Grants and donations given 6,984 Courses and conferences 11,822 Other 7,896 Total 26,702 Net gains/(losses) on investments (73,914) NET INCOME/(EXPENDITURE) (71,773) RECONCILIATION OF FUNDS Total funds brought forward 859,315 TOTAL FUNDS CARRIED FORWARD 787,542 |
2022 Total funds £ 1,650 13,841 15,491 12,412 4,942 5,488 22,842 15,827 8,476 850,839 859,315 |
|---|---|
The notes form part of these financial statements
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The Winifred G*lldallfrStsDton Trust Balance Sheet 30th September 21ll3 2023 2022 Debtors 600 398391 3E465 472205 3fl.470 Cash at bank 791556 859.675 CREDrroiLs Amounts falling within 0[ year ().814) (3fJ)) 7&7.542 859J15 787542 859.315 859 787.542 a15 787S2 859J15 TOTAL FUNDS 787.542 859J15 16th March 2024 and w&e s]J ¢)n Èts irhalf by-.
The Winifred Gandine-Stanton Trust
Notes to the Financial Statements for the Year Ended 30th September 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are valued at market value at the year end.
continued...
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The Winifred Gandine-Stanton Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2023
2. INVESTMENT INCOME
| Everyday saver interest Fixed term deposit interest Charity property fund interest |
2023 £ 7 6,341 17,850 24,198 |
2022 £ 14 5,610 8,217 13,841 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2023 nor for the year ended 30th September 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| Courses and conferences | 1,650 |
| Investment income | 13,841 |
| Total | 15,491 |
| EXPENDITURE ON | |
| Charitable activities | |
| Grants and donations given | 12,412 |
| Courses and conferences | 4,942 |
| Other | 5,488 |
| Total | 22,842 |
| Net gains on investments | 15,827 |
| NET INCOME | 8,476 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 850,839 |
continued...
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The Winifred Gandine-Stanton Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | continued |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| TOTAL FUNDS CARRIED | |||
| FORWARD | 859,315 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Prepayments | 600 | - | |
| 6. | CURRENT ASSET INVESTMENTS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Charities property fund | 398,291 | 472,205 |
|
| 7. | CASH AT BANK | ||
| 2023 | 2022 | ||
| Total | Total |
||
| funds | funds |
||
| £ | £ | ||
| Bank current account | 21,710 | 25,059 |
|
| Everyday saver account | - | 37,411 |
|
| Fixed term deposits | 370,755 | 325,000 | |
| Total | 392,465 | 387,470 |
continued...
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The Winifred Gandine-Stanton Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2023
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 9. MOVEMENT IN FUNDS At 1.10.22 £ Unrestricted funds General fund 859,315 TOTAL FUNDS 859,315 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 28,843 (26,702) TOTAL FUNDS 28,843 (26,702) |
2023 2022 £ £ 3,814 360 Net movement At in funds 30.9.23 £ £ (71,773) 787,542 (71,773) 787,542 Gains and Movement losses in funds £ £ (73,914) (71,773) (73,914) (71,773) |
|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.21 £ 850,839 850,839 |
Net movement in funds £ 8,476 8,476 |
At 30.9.22 £ 859,315 |
|---|---|---|---|
| 859,315 |
continued...
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The Winifred Gandine-Stanton Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 15,491 | (22,842) | 15,827 | 8,476 |
| TOTAL FUNDS | 15,491 | (22,842) | 15,827 | 8,476 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.21 £ 850,839 850,839 |
Net movement in funds £ (63,297) (63,297) |
At 30.9.23 £ 787,542 787,542 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 44,334 | (49,544) | (58,087) | (63,297) |
| TOTAL FUNDS | 44,334 | (49,544) | (58,087) | (63,297) |
continued...
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The Winifred Gandine-Stanton Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2023
10. RELATED PARTY DISCLOSURES
During the year the trust made payments totalling £3040 to a close family member of one of the trustees for clerical, digital and website work undertaken for the trust on a self-employed basis.
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