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 t￿￿nCin1 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 obli￿tiOn 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 recO￿liS¢a at dicir triinsaction
cost and subsequentl3' meRsiircd at Fair value At tlie B￿ance 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 f￿ancial 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 cOmple￿ty.. 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
Le￿1 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 benefiCI￿Y
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 f￿ancial 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 Tn￿teeS received remuneration for Se￿iceS 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 EXPendi￿re
Restricted funds
Restricted Funds - all fi]nds
663,858
10.861
(25,445)
(44,763)
604,511
P￿e 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 CO￿oI￿te trustee of die trnst.
Page 15