The Ivan and Dorothy Wheeler Charitable Trust Statement of financial actlvlties For the year ended 30 June 2023 Restricted fiinds 2023 Total fiinds 20 Total tunds 2022 Note Income from: Investments 6,856 6,856 10,861 Total Income 6,856 6,856 10,861 Expenditure on: Cl)aritable activities: Direct costs Govcrnance costs 11,890 9,949 11,890 9,949 15,266 10.179 Total expendituro 2L839 21,839 25.445 Net expenditure before net gainsl(losses} on investments (14,983) 13,206 (14,983) 13,206 (14.584) (44,763) Net gains/Oosses) on initestsnents Net movement in funds (1,777) (1,777) (59,347) ReconcilKation of furtds: Total fiinds btouglit foThvard Net movement in tunds 604,511 (1,777) 604,511 (1,777) 663,858 (59,347) Total funds carried forward 602,734 601734 604,511 All amounts relite to continuing opeIations. The Statement OF finanaal activities indudes all gains losses tecognised in the year. Thc note5 on pages 9 to 15 form part of these financial statements. Page 7
The Ivan and Dorothy Wheeler Charitable Trust Balance sheet For the year ended 30 June 2023 2023 2022 Note Fixed assets Investments 604,544 595,602 Casli ftt bank and in IIAnd 590 9.509 590 9,509 Ctcditois: amounts F,ing due ivithin one yeAr (1400) (600) Net current liabilities l assets (1,810) 8,909 Total net assets 602,734 604,511 Charity funds Restrficted funds io 602,734 604,511 Total funds 602,734 604,511 Tlie fin41ncial statements hAve been prepArcd in accordance ivith the provisions of FRS 102 Section IA entitic5. smAll Tlie financiql statements ivere approycd and 2Utlioiised for issue b}. dic Trustee on 29 April 2024 and signed on tlieir beli2lE b}'- Cleaver Fi (riustee on Rankin Triistees IAmited Tlie notes on pages 9 to 15 form pArt of tliese fin2ncial stxtemcntS. Paae 8
The Ivan and Dorothy Wheeler Charitable Trust Notes to the fmancial statements For the year ended 30 June 2023 General information Tlic Ivan And Doiodiy IYQ]celer Chititable Trust Is unincorporatcd trust. Its PlinCiPAI officc is 50 BedEord Street. Belfftst. BT2 7NV. and it has a cliarity [IStrAtiOn number of 100272. Accounting policies 2.1 Basis of ptepatation of finaftcial statements The tnCin1 statements are prcpatcd on a goitg concern basis. under the historical cost convenuon unless otheThvise noted in the accounting policies beloiv. Tliey Iiave been prepared in 2ccordAncc ivith applicable IRiv and accounting standards issued b}, die Financial Repoiting Council, includiog FRS102 "nie Financial Reporting Standard ilpplicable in the UK and Republic OE Ireland" ("FRS102"), and tlie StAtcmcnt of Rccomtnended PThctice - Accounting and Rcporting b). Chatitics, cffcctivc l Januxti, 2019 f'SORP'). The liran and Doroth). Ivlicdu CharitAblc TDJ5t mccts thc definition ol a public benefit entity under FRS 102. The financfial statement5 are presented in Sterling 2.2 Going concem Tlic trustccs IiAvc a55CS5cd thAt Ilic Iir%tn and Dorotliy Ivlicclcr Chaiitable Trust has adequate iesources to meet tl)e ongoing costs of the entity for a mirtlmum of 12 months from die date of signing the financiAI statcment5. For tliis ieAson the fuiAncial statements E)IllFC been prepared on a going conccrn bAsi5 Ivliicli piesumes tlie rcalisatioll ol assets and knabilAues in the noimal couxse of business. 2.3 Income All income is recognised once the Trust l)as entitlement to the income, it is probable that die income vill be received and the amount of income rccciirablc can be measured rcliabl),. Inirestment income is included ivhen receivable. Pa3e 9
The Ivan and Dorothy Wheeler Charitable Trust Notes to the financial statements For the year ended 30 June 2023 Accounting policies Icontinued) 2.4 Expenditure ' xpenditure is rccogniscd once tliere is A legal or constructive oblitiOn to trRnsfei cconomic bcncfLt to a tliird p2rty, it is probable that a tran51cr of economic benefits ivill be required in settleinent and tlje amount OF tlic obhgAtion can be measured reliabl},. Eypendituie is classified by Activity. TIIC costs of each ictivitii are made up OE die total of direct Costs sliarcd costs, includmg support costs knirolired in undcrtaking cAch activity. Direct costs attributable to a 5inglc Activit)T arc allocatcd directly to diat ctivity. Sliared costs ivliich contribute to moie than one activityr And support costs ivliicli 1¢ re not attr&butablc to a singlc Activity Are Apportioned bettveen diose actiiTities on x basis con51Stcnt ivitli the use of iesources. Centrql staff costs #re allocated on thc basis of tinic spent, and deprcciqtion cliaiges allocated on thc portion OF thc a5SCt's use. Govcrnancc costs include those costs associated ivith mccting die constitutional nd stitutO4' reqLllteAnents of tlie trn5t. All eNpenditure is indusive of iriecoverable VAT. 2.5 Investments Fixed asset mvestments are a Forin of financiRI instrutnent aThd are initially recOliS¢a at dicir triinsaction cost and subsequentl3' meRsiircd at Fair value At tlie Bance sheet date. unless the iTalue cattnot bc meAsurcd reliAbl)r in ivl]icli case it is measurcd at cost Ic5S itnpairment. Investsnent gains And losses, Ivliether rellised or unrealiscd. arc combined and presented as 'Gains/(tAtrsses) on iniresthients, in the StAtcmcnt OF financial activities. 2.6 Cash at bank and in hand C2sII 2t bink and An 112nd iftcliidcs cAsli and sliort-terin Iiiglil), liquid ixiiiesu))ents ivitli slioit 1111tLULt)' OE tliiee montlis or Ic5s from thc dAte of acquisition or opening OF tlie dcposit or sin]ilar Account. 2.7 Liabilities and provislons Ltabilities are recognised ivlien there is an obli8ation At tlic BAIAnce slieet dite as a result OF a PASt event, it 15 probable that & trqnsfer of economic beneFit ivill bc Icquitcd in settlement, and die amount of tlie settlement can be esttmated reliably. Liabilities arc recogniscd At tlie amount that tlie Trust anticipates it ivill pA}' to setde die debt or thc amount it IIAS received Is advanced pftyments for the 8oods or 5crviccs It must proirkde. Provisions are measured 1t tlie best estimatc of die amounts required to settle tlie obligation. Ilaiere tlie effect OF the time valuc of money mAteri2L the provision is ba5cd on tlic present viluc OE tliosc amounts, discounted at the prc-tax dtscount rate that ieflects tile risks specific to tl)e lifibility,. TEie univinding OE dic discount ts Iecognised m tlie Statement of financial activities as a finance c05t. Page 10
The Ivan and Dorothy Wheeler Charitable Trust Notes to the fancial statements For the year ended 30 June 2023 Accounting policies (continued) 2.8 Fiind accoiinting General funds are unrestricted funds ivhicli arc AIFAilablc foi use at the discretion of tlie Trustee i furilicIance of die general objectiiFes of dic Trusi And ivljicli hAYe noi been designated foi orlicr purposes. Rc5tricted Eund5 arc Eunds iTA]ich Are to be used in accordance ivith specifjc restrictions itnposed b}, donors or ivliicli liave been raised b}, the Tiust foi particul[ purposc5. The costs of 12ising 2nd dministerfjng sucli Eunds are charged against dic specific fund. The aim and use of each iestricted fund is set out in the notes to the [Ancial statements. Crltlcal accountlng estlmates and areas of Judgement Estimates 2nd judgements are iequired ivhen applying accounting policics. Thesc are continu%ll}i eiraluated and Are b2sed on historical experience and other factors, including expectations of future events tliat g4re belieited to be reasonable under the circumstances. Tlic trust makc5 C5titnAtcs and assumptions conceining the future. Ivliich can involiTe A l]igli degrcc OE judgement or cOmplety.. Tlie resulting accounting estimates iVAll, b}, deFmition, 5cldom equal tlie related actual results. The estimates and assumptions djat 1i2ve a significant risk of causmg a material adjustment to the cArrying amounts ol assets and liabilities ivithin the next fin2nci21 year are Addrc55cd bcloiw. Fair valiie of investments Uses various valuation techniques to determine the fair value of financial insttuments (Ivliere active maiket quotes are not available) and non-fin2naal assets. Tliis mvolves developing estiiuates and Assumptions consistent ivith lioiv market participants ivold piice the instrument. The tiustee bases its assumptions on observable dkta as far as possible but this is not alivays avftilAble. In diat case, management uscs dic best informgtson 2ir2ilAble. E5tin]Atcd fair valucs MAY vary from the actual prices tliat ivould be acliieired in 8 fLrm's length transaction at the reporting date. Investment income Restticted funds 2023 Total fiiiids 2013 LASted Investments 6,856 6,856 Page11
The Ivan and Dorothy Wheeler Charltable Trust Notes to the financial statements For the year ended 30 June 2023 Investment income (continued) Restricted lunds 2022 Total Eunds 2022 Listed initestment5 Intcre5t ieceived 10,856 10,856 Total 2022 10,861 10,861 Analysis of expenditure on charitable activities Siiinmary by fund type Restricted fiiiids Total 2013 2023 Disbursemeot5 to bcneficiary Investment expenses Le1 and proles5ional fees 11,890 6.242 3,707 11,890 6,242 3,707 Total 2023 21,839 21,839 Restricted funds 2022 Totsl 2022 Disbursements to benefiCIY Investment expenses Legal and profes5ion21 fees 15,266 8.301 1,878 15,266 8,301 1,878 Total 2022 25,445 25,445 Page12
The Ivan and Dorothy Wheeler Charitable Trust Notes to the fancial statements For the year ended 30 June 2023 Independent examinerfs remuneration 2023 2022 Fees payable to the Trust's independent examiner for the independent exatnination of die Trust's annual accounts 1,800 600 Resources expended During the }ieai. no Trustees received any remuneration (2022 - £NIL). During the }Tear, no Trnstees received 2ny benefits kind (2022 _ £NIL). Duiing tlie )Tear. no Trustees received any ieimbursement of expenses (2022 - LNIL). As detailed in Note 12, the TnteeS received remuneration for SeiceS rendered to tl)e Trust in die current year. Fixed asset investments Listed investments Cost or valiiaiion At l Jul}1 2022 Additions Disposals Change in market value 595,602 345,183 (349,446) 13,206 At 30 June 2023 604,544 Net book valiie At 30 June 2023 604,544 t 30 Junc 2022 595.602 Creditors: Amounts falling duo within one year 2013 2022 AccrnAls and deferred income 2,400 600 Page13
The Ivan and Dorothy Wheeler Charitable Trust Notes to the fmancial statements For the year ended 30 June 2023 40. statement of funds statement of funds - current year Balattce at I Jiily 2022 Gains/ Balance at (Lossts) 30 Jiixie 2023 Income Exp¢iiditiirc Restricted funds Restricted Funds - all funds 604,511 6,856 (21,839) 13,206 602,734 statement of funds - prior year BaLince 2t Gains/ (Losses) 30 June 2022 l July 2021 Income EXPendire Restricted funds Restricted Funds - all fi]nds 663,858 10.861 (25,445) (44,763) 604,511 Pe 14
The Ivan and Dorothy Wheeler Charitable Trust Notes to the financial statements For the year ended 30 June 2023 11. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted fiinds Total fiinds 2013 2023 Fixcd asset inveslments 604,544 590 604,544 590 Current assets CreditoIs due ivithin one yedr (2,400) (2,400) Total 602,734 602,734 Analysis of net assets between funds - prior year RestrÉcted funds 2022 Total funds 2022 FLNcd asset investments Current 2ssets 595,602 595,602 9,509 (600) Cicdit015 duc ivitl]in one year (600) Total 604.511 604.511 12. Related party transactions During the yeAr to 30 June 2023, Fees OF £1.907 (2022: £1.2(Kl) Ivere paid to CleRirr Fulton RAnkin soliators. CleAvei Fulton Rankin Trustees Illmited is thc solc COoIte trustee of die trnst. Page 15