THE WOODCOCK BEQUEST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2024
scornsH CHARITY NUMBER: SC014963
COMPANIES HOUSE NUMBER.. 000443

THE WOODCOCK BEQUEST
cowrEPUS
Trnst885' Annual Rwt
I1**o￿nI Awjitors. R8F#yI
Stat•menl ol Finwv4f
B￿ar￿• 9wt
10
Stst•moni of Ca¥h Fknws
Notes to tho A￿unt5
12- 18

THE WOODCOCK BEQUEST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH2024
The trustees prèsènt the¥ annual reFQrt and audifed financial statomonts of the charity for the year endad 31
March 2024. The linancial stsiements have treen prepared in a(xordance with the accounting policies set out in
note 1 to Ihg a￿Ount$ and comply with the charrty s consviuiion, Ihe Charitie5 Accounts Iscodandl Règulatio
2006 las amended) and Accounting and Reporting by Charibes.. Statement ol Re¢ornmended Piactico
applicablè to ¢harities preparing Iheir accounts in accordance with Ihe Finartial RepKJrling Standard app1￿&bI*
In the UK aThJ Rewblk ol Ireland IFRS1021 ef18CtNe 1 January 2019.
SITUCturo, Gov8rnane• •nd Manag•m•nt
The conslitulional lorm ol the charity was changed Irorn 8 dwrtable trusl lo a SCIO (Scottish Charitabl8
Incorporated Organi$aiionl wrth the aFyovaJ ol OSCR Ioffice ol the Scottish ChArty Regulator) granted on 15
July 2015. The chariiabK8 tru$t wa5 estatAished by a DtsFosiIK*n aTrJ Sett￿rnent dal8d 28 F8bwary 1964.
The Cha￿ty is adrninister8d urKlgr Ihe 5upeNsion ol th¢ Irusiees who meet quartèrty a￿1 correspoTrJ ba￿een
m6eling$ 8$ needed. The day-ttrday adminislratw is carmd out by the charty s agents. At Ihgir meetings the
trustees agrge the strategy and areas ol actwity lor th* ¢haiity, irrludirrfj considèraion of the core prograrnmg,
pOI￿Y for Invesimenl rnanagern8ni antl rgquired 18veL% ol feseNes. The perforrnw￿e ol the charty 1$ reviewed
at each rneetlng. Expert adv￿& is obtain￿1 r8garthrg vaNJus matters Irom tkn8 10 lim•.
Under th8 SCIO Constitution. there shall te no maxThum numbw ol dir￿lOr$ aTrJ the rninimum numb•r ol
dlr8etors shall b8 nol less Ihan ong. The charity trusioes rnusi elect (from among themsèlv•sl a Convenor.
Treasurer and a Secreiary. The eknli0nlre-ek8c￿yn of charity trusiees and ollK¢-bearers takes plac8 at th&
AGM. Al each AGM, all ol th* ¢harity 1ru61ees and Ol￿e-￿¢￿eT$ must le￿Ie Irom offic8 bul may then b8 r
elected. In s88kSng 10 aFpoint trust￿$ the rd¢v8nt th'IL8 requirod car*lully conskjered.
ObloCtl¥•• and A¢ll¥Jll•• lor th• publle bw•llt
Th8 main orlglnal charita￿* obl￿ts under the lounding de￿ ol the Irusl were:
al to mAk¢ use ol thg properbes ￿thin Iho twue5t lo provKl& h¢)m*$ rm 8Urtable accommodafjon for the
benetriaries.
bl to pur¢ha8e other wop8rties wlthln r&880nable reath ol St Andr•ws in of th8 Ot4ect9.
¢1 to combine or co-operatè wilh any other or Organ￿ation for the bettei fumilmgnt ol pufp05es lal and Ibl
provKled that the trustees do not lose their ￿enIty. that the Kjentity an($ name ol the WoOd¢￿k Bequest is
not lost, and thai the Sa￿ trustees maintwn a mi'or control ol poI￿Y management and administration.
dl io expend frorn lime to tim8 such surns as they consKJ8f ¢xpedient on repairs. lumishings, alteralK)ns,
improvemènts or rTtelK•ralM)ns on Iho Chwty estsie and in acquiring, t￿1￿j•nO Or erecting any typ8 of house8
or property lor fU￿1m￿nt of the Charity pvw8S.
el lo let the Charty estate or prwlias lor rents on such condthw as may seem eXped￿nI. as a180 10 grant
abalement ol rent arxl to attepl ￿nunCiall0n of
11 to pay 8fKI aFply the incom6 whth May be deriv&J from investrnents in th• exFenses of
administering tho Chwity uThJer thew charg8 and io a¢¢umulate incAime lor ts bstter fu￿11Ment ol Ihe Charrty
pur￿$8$.
gl lo borrow such $ums on the Becurity ol the Charity eslate or parts ther80f 4$ they may see fft.
These objects ￿re amen(led wrth the consènt of OSCR in convortaNJ to a SCIO to state that tho org3ni$8Don is
established for charitable purposes onty, arKI in particular, Ihe object is lo prowdo rèli￿ to women who are in
need by rèa$on of age. ill-heatth, disabilty. linwKial hardshi) or othèr disa(fvantage. The ar•a within which the
organisatron shall oparate lin thi5 ron5titvtion referred to 8$ Ihe -Area of Benefin shall be St Anthews and tho
surrounding areas.
The organi5alK)n shall K￿mOte (Fxrt not prornte exclus￿Sly) ils acbwbes aThJ delN8ry operations to women
within the Ar8a of 8enefit who are in need by rea50n of age. in-health. dis*41ty. tinancial hardshw) or other
disadvantage. These women wiu L* Ihe organisat*)n's t￿e1￿￿198.

THE WOODCOCK BEQUEST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Powers ol the charity wgre as:
al The organisation has power to th) anylhing Wh￿ is ¢al2Jlated lo further its purF4)so$ or 1$ ¢ondvcive or
Incidental to doing so, as slated in 50151 of the Charibes fwstee Investrnent IScotlaThJl Aci
2005.
bl No part ol the incorne or prwrty ol the organisation may L* paKI or transferred Idireclly or Indire¢ttyl to
thè MaM￿r￿charitY Iruslees - either in th* of Ihe organisation's èXi%lence or ￿ di8solulKJn -
except whwe th1$ Is tjw in (threcl lurlheranc* ol Ihè or9ani%atK)n's charitat48 purpos9$.
The trustees consid8r how bèst to meet wbltc benefit whw miewiNJ Ihg charity's alms obl￿1V¢s,
annlno future actwities lor the year ahead arKI bgyond.
A•vt•w ol •¢hl•voments, p•rforn)anc• and Iuiure plans
The trusl8es eontinue to rnake use ol aA)ropriaiè woless￿nal arfvK• to asslst the manag8ment ol Ihe Injst
In relation to its benef￿larI¢S. aThJ InvestrT￿ts. Ther8 ar• Iwo categories of property own8d by th¢
trust.. accomrnodaiion leased to be￿IKtar18S at rsnts consKJerat4y below rnarkgt value, 8nd "comrnercial.
operties which are K8awd io busines5e3 and genorate i￿ome ￿ supwrt the objecliv8s. Howevèr, one ol
thes8 proparti¢$ 1$ L8ased lo a charity. Homè Start. at a reduced ￿ntaI SI￿ thai ¢harity's obj'ectives align wlth
those ol the tTLIgt.
rhe trustees are di1ty38nt in *n8uring that the Trust's prO￿￿leS ore $uit8bly rnaintained and adaptod, as requlred.
to mget Ihe reed3 of their tenants. A wwiously ¢Jerelicl area ol the rnain at FIo8e Park was upgrgdad to
wovide slorao8 and a eomlortaW? rest space for the employod gard&rer.
A sub-gfoup ol truste￿ was ¢$taWished in 2023 to fgvth and dove￿ the charity's pro¢eduros lor evaluating
appl¢aiions frorn ben81Sciaries. Th•rg wsfo no resKJential kvoperty vacarties in 2023124. With several $ui18bl*
applications from p)tentk*l lenants akeady on file, rt wa$ (knd&J to nol accepl any new appli¢atK)ns unbl there
was a More realist￿ possibilrty ol having property availab￿. Th8 charity ¢￿)¢•nUed lo support ils beneffclaries
with a policy ol no rent increases whKh went bgyoNJ the S¢oth'5h Govemrnont's lèmwrary rent cap provisions.
Monllorlng 0¢h1•￿m￿ni
The Iruslees monitor ltta pro9ress ol their actMti68 in varhxo ways. An annual financlal lors¢ast 15 prepared
and revi•wod at Ihe quarterty meetings ol trustaès in the context of the rnanaogment a¢¢¢unts. At quartetly
meeltngs. the irusie6s rèvi9w Ihe re(wiremenl any repaiv aTh1 mainlenance work to the benèliciary properties
and agree the periodK ren* ￿￿e￿$. The trustees ￿n￿oI the inv8Stmont prWi9s. ¥Kluding agrfcultL*ral land.
lo ensure thèy Are maintained in a satisfactory condrfion, Ihal renlal payments aw up to date and that rent
reviews are car¥ied out at aky¢priate tirnes. ApPI￿allonS lor benefKiary rental propertias and financial
assistarte ale ¢on8hatrred at the quarterty meèiM)g$. There are, 1nev1ta￿y, lar rnor¢ aFplKations than availa￿8
properties and the Irustaes con$thr, 4rKI pri￿liSe. all applications v¢ry carefully to try to identify those in
gr8al8St need. The trustees ￿VIeW linanc8 and wjvernance wulafty and review and uwlale the risk analysls
annually. Between lormal mè8ting5. lines of comrnunuiion a￿ cw5tanUy open by email and t•l8phone whKh
allows the business ol the charrty to conb"n419 to run srrwthty.

THE WOODCOCK BEQUEST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH2024
Flnanclal r•vl•w
The results of the year are sèt our in the Slatement ol Financial Athttses. Incomè amounted to £201,261 12023-
£202,391). ExperKliture on chaiitatjlè actmties was £206.83912023 - ￿70.676) and on raising funds £17.961
12023 - £22.1961. Net expwKlrture belore gains inv8slm8nts was £23.53912023- ￿,4811. The nat gain on
revaluation of invtrstments was £109,44412023 - of £138,010).
Th8 ¢harity'$ work relies heavily the iwwme trorn rts *We8trnenl aTrJ benefi¢&qry Wopert￿. The trust89S
also have th8 11gxlbility to draw down inva$iment Ir￿)rne rf cash is r￿Ul￿ed. Quarterly reports arg received from
tho charity's investment advisers setb'ng out kgy f&tors lo be cKJnsidergd and proJectiThJ levels ol income ats
Investment mana9gmerf charges.
Inv•stm•nt poll¢y •nd p•rforni•nc•
The inveslment advisers arg engage(l on a di$￿$1￿)nary basis and th8y produce a lull portfoll) r*port every
quartèr. The investment stratagy is a I)aJa￿ed ong. Th¢ truslees accept thai th* exposure lo shares in tho
pJrtfolio can be oxw¢ie<J to generaie flue￿atiOnS in the value ol in￿$trnent5. Given th8 mèdiumllong-lerm
inveslmant horizon, and the lath thai th¥ trustees do not rggulaty need lo draw41own in¢ome. Ihe charity has the
rApacity to lolerale s￿h Iluctualions.
Rl•k manag•m•nl
Thè Iru5tees regularly thscu￿ lh& major lo the charity IB 8XF¥)sod. Oi8¢U8skJn l•ats to a¢tJon lo
address and mlnlm6s& these risks.
The 8xposur8 io risk of inveslrnent varlth'lty 1$ a reguLar toFJc ai meetings, ar*J to dato. the ¢rustees conslder
that this risk is adequately milyated by the current cho￿ of investment manag&r. Liquidty risk 1$ anti¢ipaled lo
b8 low as all 855ets are traded in math$ts wrth g¢x¢J Iklu￿ty aNI high tradirvJ volurne$. The charity has no
material investments In markets lo 8xehaNJ* conlrols CK tradiwj fgstrictsons.
Also ol concern Is the ability to attract aTrJ new trustees wilh surtth Skil￿ to h* dir8Ct and d¥v•lop Ihe
chartty'$ a¢iivrties.
Rog•r￿S poII¢y
IAonihly rental in¢ome is usually suHi¢i*nl lo cover roLrtine owrating cosls Thls lavgr of tree reswves is
consid8red suflicienl and can bg $upplernented. at short no￿. as the Nwestmèni adw$ers are able to gen8rAIo
cash lor draw down to meet cash flow sjèmand. un￿str￿ted m?rve5 carried forna￿ at the year eTrJ wera
£9.436,31512023 . £9.352.4101. There were no IOSthcled hjnds.

THE WOODCOCK BEQUEST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 AIARCH 2tr24
A•f9r￿ce and •dmlnlstr•tlv• Inforrnation
Conlact Addr•38 lao•nt•}
Scottlsh Ch•rlty Numb•r
Audltorg
Fln•nclal Admlnlstrnlor*
bv
Firyjlays Audit knmrted. 11 Dudhopo Terrace. Dundee DD3 6TS
Henderson Bfatk & Co, Chesln8y Hfwse. 149 Market st￿¢, St
A￿lre￿¥s. Frfe. KY16 9PF
Virgin Monèy. 718 High Streei. Dunde& DD1 1 SS
Ralhbone Inv8sM$nt Management Lwnited. Georgo House, SO George
Squar8. Glasgow. G2 1 EH
Bonk•rs
Inv•stm•nt Adv1￿1*
The lollowing persons have served as Iruslees duiiw the year and lh8 yw
TN•lM•' R•gpoft•lbllltl•¥ In r•l•tlon to lh• Iln•n¢l•l •i•t•rn•nl•
Th8 ¢harty trustees are f8sponsble for pr8parwrfJ a tru$i¢es' annual re￿)rt and financial stalam&ni$ In
accordance with applicable law aTrJ unit￿ Kiri9dom Accountin9 Standards (United Klngdom Gener￿lY
Acc8Pte<J A¢¢ountirvJ Pracknl.
Thg law applicable lo charttles in S￿￿and rewires the Charity Injstees lo prep*• flnan¢ial statements lor ea¢h
yoarlperic¥J whi¢h a Irue and lair view ol the slate ol affairs ol Ih• charity and ol its in¢omo and expenditure
for Ihal year/p8ri&g. In prwrirMJ the finar￿la1 statgmwts, the tnjslees are required to..
selecl sUltsb￿ a¢¢ounbng aThJ fvn ¢orry)ty them consistonity:
¢4)serve the methods and prirtiple5 in the aFWkabla Charrties SORP;
rnako judgèments arK4 esbrnaies that a￿ re￿Onable and wdant..
state whethef appl￿1* a¢¢ounting sthThlards ha￿ been lolknvod, $￿J.￿t to any matarial dgparture8
disclos￿ and exp￿ined in the linarKial slatem8nls.' and
prepwe the linanclal statoments on Ihe golrvj ¢tyKem basi8 unless rt Is inaswriale to wesume that
th8 charity will continue in oparation.
Th8 trust8es •r8 re3p)nsi￿e for kwmng proper acccnjnting recoffh discfvxe witt) ￿850￿able accuracy at
any time the financial po$rtion ol the chartty and to enable them ￿ ensur8 that the fInar￿la1 statèrnents CoM￿Y
th• Charibes and Trustee Investment Iscoyandl Aci 2005. th¢ Charityes Accounts l&otlar*Jl Regulations
2006 las am•nd8¢Jl arKI the prov￿￿)nS ol tha charity consltlulion. Thèy are also responsib￿ for safeguarding
Ihe ass8ts of the charty and takiwy reasonab￿ stg)s lor Ihe wevenlhjn aThJ dèt8Cbon of fraud aThJ othèr
irregularlties. Thè trustees are ￿￿X)nsib￿ for the maintenanca arKI integrity ol tho charity and financial
inlormalion ir￿lUded on thè charity's website in accorda￿* wrth legi51al•)n in th¢ Unrted Kingdom govèmlng the
preparation and dissemination ol linartial 5talements.

THE WOODCOCK BEQUEST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Statomwt of Dlsclosur• to Audltorn
So lar as the trustees are aware. lhe￿ is no relèvart audit irrformation of which the charity's audltors arg
unaware. Additionally, the trustees have taken all the necessary Steps that they ought 10 have taken a5 trustees
In order to make thern3efv8s aware of all 181ov8nt audit iDfomHtKJn aNI 10 •siabli$h that the chwity's audltors 8
aware of that information.
roved b Ihe Irustees on 18 Dec

THE WOODCOCK BEQUEST
INDEPENDENT AUDITOR'S REPOFIT
TO THE TRUSTEES OF THE WOODCOCK BEQUEST
FOR THE YEAR ENDEO 31 MARCH 2024
Oplnlon
We have audrted Ih8 fina￿al staternents of The WocthM* Bequest (the thantyi for th8 year 8￿90 31
March 2024 wh￿h conprisè th¢ Stater￿t ol lin￿1￿ athrties. the bala￿e sh881 a￿1 notes 10 the fin8ncial
statements. I￿1￿J1n9 svJnificant ac¢ouniiry kk)lirye5. Th8 fvna￿laI framework that has been aFyli&Y
in their preparabon Is appltat48 law and Unrted Kiwom Sland8rtJs. includiNJ Financial
RewrtirKJ SiarKJard 102 Th8 Finwxial Repyb"ng staThj￿￿ appkat4• in UK R9putrj￿ of Ireland
(United Kinadom Generalty AcwJnliThJ Pract￿1.
In our wnion the fInar￿la1 statw*nts'.
give a tru8 lar w8w ol the slate ol IM ch•ity¥ affair8 as al 31 March a)24 a￿1 ol it3 income and
exp8TrJiture lor tho year Ihtrn 8nded-
havo properly WePar￿ kn a(xOrdat￿ with UTht&Y G0w￿ty A¢¢ept&l A￿{￿jntin9
Practi￿., aThY
hav• bèèn prepared in accr*0￿ wrt* Ihe rwuirenwtts ol tho Charities and Trustee Investm8nt
(Scotlandl Act 2(K)S aThJ rogulaiion 8 of the Chwit￿ ￿nts {ScoYa￿lI Aegula*ons 2(*J6 1
amen¢Jedl.
Bo$11 ol oplnlon
We condu¢lgd our a￿1# aecordartè Inlwnabonal St•*J8rds on A￿Jit1￿ ILIKI IISAS IUKII and
apjicable law. tsJr re$ponsits'lrties uThYor those staTrJai(ts are lurthor dèseribed in the Auditoi's
rasponsi￿litIeS lor the auditofthefinartwl 5tatenWtss￿tk)n otour rèpxt. We a¥e In¢lepeTrJeni ol the charity
In accordance wrth Ihe ethul r￿Ifeff￿Ats thai arè reknvant to ¢xJr avdil ol th6 lina￿la1 staternenls In the
UK. includir#J the FRC'S Eihical sta￿ard, have lulh"118d our oth8r 81hKal rgspongtslit￿$ In accordance
th these requir•m8nis. We b81iove thal audrt tridèrKe w8 have otrtainod is suffi.c￿￿t and wowale
to wovide a ba$L8 lor our wn￿.
Con¢luslon* ￿￿tIng to golng ¢one•rn
In auditing the linartial siaiements. we havg &￿Vded thai the TwstO9s' use ol lh• baBty of
accounlino ￿ tho prepara￿Th ol the linancid stalerwts is akVOw￿lfé.
8a$8d on the werk we ha￿ pertormed, wo hav• not *JeThtrf￿ any rnaierial ￿r￿rtalrt￿S relalin9 to events or
oTrdrtions thai, In¢YwKlually or oJlleclNety. may casi swJnrf*anl d￿bt on the chanty's atshty lo continue as a
g￿n0 concern lor a ol at knasi rTrJnth¥ Itsttr￿nts are authorisod
Our rgswnsibilitss and th• r•sp)r**ilths G4the Truste8s wrfh respKI b gory conc*m ar8 dsscn'tjod in the
ro￿Vant sèctions ol Ihk8 rwl.
Olher Inlomi*ibon
The other Information conytses thg infonnabon wi Ihg anwal rewrt Oihar thè fina[￿￿￿1
statements and our audit￿.9 reFxM thereC￿ Thè TNst899 are resFon$iNo forthe other in1ormatK•n¢￿la1n0d
within the annual reptyt Our ¢JF4nion on the h"nawJ stai8m￿ts ¢kes cow theoiher infLYmabon and we
**) Th)t oxpr8ss any fo￿ of assura￿ oJKIush)n theretyTr. reskwsibh.ty ￿ to read the oth•r Information
and, in doing so. cor6K18r wh81her thethr inlormatKJn i% matarially i￿Or￿stent*￿ thèfinancyal sla18m?nts
CK our knowlèdge obtai￿1 in the course of ¢hè audit, or otherwise awoats to be materially misstated. If wa
id8nts.fy such matefial I￿o￿ls18r￿N8S or apparem mat0¥411 misslal8rnents, we are required to determine
%theihor Ihis give5 rise to a rnal￿al misstatement in the linaroal statements th8msefves. If. based on Iho
work we have perfc*mod. wa condLhle that there is a ma￿￿81 misstalernenl ol this other inforrnation. we are
requtred ro rgport that fact.
We have nothing to repjrt in this
M*tt•rs on whlch we are requlY¢d to rw>ort by excwlon
We have nothing lo report In respecl ol the lollomng matters M reLqtion to whKh the Charth5 Arl￿nts
(S¢￿ar￿j) Regull7thMs 2006 las raquire us lo rer#yt to you if. in our ty'nh?n'.

THE WOODCOCK BEQUEST
INDEpENDETr￿ AUDtTOR'S REPORT
TO THE TRUSTEES OF THE WOODCOCK BEQUEST
FOR THE YEAR ENDED 31 MARCH 2024
the infumatr)n oNen ￿ th• *atewds is irtonsistent in any Malen￿ roSFeCt wth th8
Trustees, rep)rt,' or
oper a¢¢ounling r8cords hav8 Tr)t kept.. or
the firs￿81 siatèmwts are in agr8eff*ni th& accwnlirvJ racLvds', or
Wo hove nol r￿¥¥￿d all Inlomiabon and exF4ana1ic￿s we wuirg tor wr a￿.1.
Rewn8lbllttlM ol Tru￿••￿
As o¥plained ￿re lully in the slaleft*nt of Twstees. [8¥K￿$b.1￿1e$. the Trustee$ are reSpO￿lb18 lor the
preparation of h"nantyal stateThnts and for bw.ng Sa￿sfied that they oNe a truè lair view, and for $Ltch
ntornai contr(J as the Tru*eOS do1•￿ine is rwessary lo ena￿t pr8paratKJn of frrw¢41 statem8nl$ that
Ale fre8 Irom material misstat8rn8nt, whether due 10 fraud ￿ wror. In weparing linaKial s181oment$. the
Trusloos are re5pon$ibl8 lor as$8ssiry Iha Charity's ats'lty to conitr)u• as a cotKern, discb$ing. as
applicabb, matters relaiod to goiThJ a￿1 usiNJ the ryyKern tAsis of ￿UntI￿j unths the
Trusi••s èither Intend to ceas• cyraknon5. or ha￿ ￿ fealstl to so.
Audiior'i responglbllltlM Iv th• •udlt ot the fln•nd•l •t•iem•nt•
We have been aptM)Ini6d as a￿Jitor undor se￿10n 4411llcl ol the Ch￿ItIO5 ar*J Trust•• Inv•slI￿t Iscottandl
Aet 2005 ¥éFWt in rthant fegulah¢Ms m* or haviry Off￿1 th•r￿rthr.
Our objact￿V#S are lo obtain ieasonable assur8rrA at%￿ wh8th•r th• slalem8nts as a whol8 are
frée frorn malwk81 misstat•m•nl. wh81hgr tkn ￿ tra￿j tr wor, ar*J to ts6ue an auditorf5 report that I[￿ludeS
our Wnlon. R•asonable assular￿e ts ahwh level olaSsUra￿ ￿J¢ Is not a guarantee that an audil conduct&
In aC¢Qrdar￿e ISAS IUKI will aP*4ays delect a maienal misstalgrnenl when rt O¥iSts. Misstalernonts can
arise from Iraud or error and are COns￿er8d ma18rkql ￿, I￿1￿KyuaIty or in tho aggregate. they couil reasona
expgctsd to in1lue￿O the 8CLXWrniC decJsior6 ol users takèn on tho basis ol Ih8s• finawal stalgments.
IrregulBrrtws, ￿1￿JIng Irathl art instsrw ol rrfyFctyiWiance wth laws and rtyulatiorys. We design
kYo¢edures in lin• with our resP)￿bIlit￿, as outlingJ atro¥g, lo detect materAI missla18ments in re$p8ct of
itr•gularities, irKludiw fraud and Mn-CtyiarKe *rth laws and reg11alb￿ as ¢J8tail8d i*l¢)w.
audit team has arY0pr￿1t skik aTrJ exrMtBe requwod aThJ through drscussions managemenl and
Trusiees. kwwledge ol th8 $￿tOr lo ensur& any ￿￿-cO￿￿118nCe LS recognisèd and all ne¢essarydisclosur$s
Ar• Made. The ￿ntr&S in Qac• W the Charty mrf¥ato th• risk ol fra(#J aTrJ atso a￿$ thom ￿ Iwahligminq
any instances of fraud Ihai mvJhl have ocoJmod.
Th• extenl to whch wr 4r• Capa￿& irrn9UtWth8& I[￿￿￿n0 frwd. i• dot•'l•J b81r￿..
. M•king ernju1r￿S ol rnan&aem8nt any 8￿p*to￿ ins￿￿•& ol r￿￿Tr￿PIlar￿A w5th1
and regulations i￿[￿ling GDPR, enVoym8nt IM aThJ Tr￿11h aTrJ saletyiknibNJ rogu[41￿
Review ol coriewTrJèrte wrth iegulators i￿UdI￿ ¢JSCR ar¥1 HMRC
Roview ol legal expendrture board minules
Chailèwing assurnplk)ns aTr# pdJem8nty mad& by nwyment In Ih•'i 99n￿an¢ gccounlr¥J e8b"M￿¢S
I￿lUdI￿ acciuals aThY prr4)erfy valuabon
. A￿￿lting the nsk of mana9emÈrt ov•rr¥le c¢xfft(48, IhrtyJ9h i•stir¥ omrie$ 4r#J othor
adju$imfjnts for aFprcyiaten8SS
. Pertormiw anal￿￿1 p¢c*othJr8s lo
Becaus? ol the fidd ifi Ihe client cperatss wo •y￿11T￿j areas as most likdy to have a
maienal impgcl on the fin￿￿81 sktWOnts'.
Direct Impact on Fina￿la1 StaleThents
The Ch8fi1ies ￿rIjnIS (SC￿￿) 2ts
SORP- FRS 102
Charities & Tntstee (scolar￿
lThJir8CI Impact ￿ Finawd Slalements
GDPR
OSCR rwlalK

THE WOODCOCK BEQUEST
INDEPENDENT AUDfFOR'S REPORT
TO THE TRUSTEES OF THE WOODCOCK BEQUEST
FOR THE YEAR ENDED 31 MARCH 2024
tMRC conwla
Because ol th• inhtr8nt limilations of an awjrt, Ih8r8 a risk that ￿ Mll notd8t￿t 11 irrooularths. 1rt1￿J1ng
those 18ading lo a maierial mis*aternenl tn the linano¥ statemenis C￿ [￿cOm￿la￿t wth reguLqtion. This
risk Increases the rnore that cQm￿la￿ wrth a Lqw or reouktion LS r•rnov•J from the events aThJ transaction6
rellec18d intr8 tinanoal staleThFts, aswe ￿11 bo less likelyto aware olinSta￿ of Tr)rrfomplianc¥.
The risk Is also greater regafdiTrJ Irregularrti8s ttcurriw due to tra￿) rather than err￿, as IraLK1 invofv8S
intèntional COrKe￿￿nI, forg8ry, Collus*￿. Qmrs￿l N fftsfow•5en*lion.
We cornmunule with thos• ehaig*J with g0Vema￿t. tws188s r•JardirMJ. among other mattws, ￿ plannod
sccyts and liming of thg audrt arKI sKJnfficant aLKIit firKling$. ir¢I￿j1￿ aThy svJnificanl ¢JefiCie￿ie$ in intern81
control that *J8nb"ty our
U80 of our report
This reKN)rt Is made 501etyto thodwlty's trust88& 48a t¢**. in wfth requlatiw 1001th• Charth88
Accounts (Scotlandl Regulation5 2￿6. audil work has underttsen so that ￿ might Slate lo the
chatty's trusteesthose rnatter$￿t8r8 rtyuredtostalelo them in an auditofs r8POrtand lor ￿ts1herpUr￿?S9.
To the fulle$¢ extent perm￿•￿ ty law. ￿ do nol acceo or a55umg rg¥xyBtslrty lo anyono other than the
¢harty arhy lh• eharitys truslees as a bc#*, lor our a￿yrt w(*k. for ihis raForL or fty the opinions ￿ havg
loin'.pd
Flndlays Audlt Umlt•d
St•luiory Audltor
11 Dudhope T•Nace
Ound80
003 6TS
Date.. 1811212024
FI￿*L8Y8 Audit Limited elwjitje lor aFW'rtm8nl as a￿litty ol tho charty ty virtue of rts •lKJitslty for
aFpJinlment as audrtor of a cc¥npany $￿ty0n 1212 of thè Comparb*S Act 20￿.

THE WOODCOCK BEQUEST
STATEMENT OF FINANCIAL AcmvmES
FOR THE YEAR ENDING 31 MARCH 2024
Totsl
funds
2024
Tot•1
lunds
2023
Incomo from:
Charitable actlvth"•$
Investments
Tot•1
53.655
147,606
201,261
49,830
152,561
202,391
Expondllur• on:
Ral$ing funds
Charitable activibg8
Toial
17.961
206.839
224,800
22,196
270 676
292,872
N•t •xp•ndStur• b•loff• g•ln• on Inv•stm•nts
123,5391
I￿,481>
M•1 g•lnWllo•M•l on Inv••tm•Dts
109,444
1138.0101
N•1 In¢omWl•xp•ndiiui•I aThl N•1 M0TMn￿nl In fund•
85.905
1228.4911
Recollclllallon ol fund•:
Total furkY5 broughl forward
Total lunds c•rrl•d forward
9,352,410
9.438,315
9,580,￿1
9352410
statement ol linanclal auivrf8s IrKfud&s all gains aNI b3ses rec¢)Jntsed in th8 year.
All income and expeTrdrture derives Irorn continvirYJ aC￿￿os.
All furnls are Unrestr￿ed.
The Tr)¢eB ￿ pages 12 10 18 form an knt8gral PArt ol lh￿ a¢￿uniS.

THE WOODCOCK BEQUEST
BALANCE SHEET
AS A T31 MARCH2024
Tolal
lund*
2024
Totsl
lundg
2023
Flxod a¥sel•:
Tangl￿ a539ts
Inveslrnenl pro￿￿1¢8
Investments
Total Ilx•d I￿1#
5.164.638
1,555.000
2.694,967
9.414,605
5.254,057
1,555,000
2.542,577
9.351,634
Curr•nt I•￿1$..
Debtors and prepayments
Cash ai bank aNI in harnl
Tol•l ¢urr•nt ￿*•1•
10
24,409
25,287
47,912
Ll•bllltl•g:
Creditors.. Amounts lallln9 due wilhin one y
N•t eurr•nt
Total asgots1•gs ¢urr•ni l￿bIll1￿MI
24.202
776
9.438 315
9352410
Th• lund• ol ch•rlty:
Unrostrieted general fuThJ
Unreslricted revaluatKJn rese
Tol•l ¢h•rlty lund•
6.758,295
2.680.020
9.438.315
6,625,959
2,726.451
9,352,410
All luThJs are unle5tr￿ted.
The not8s on pages 12 ￿ 18 frjrrn an kntogral part ol lh￿
Acwrov8¢bv thè truste￿ on 18 D￿mbOl 2tr24 skin￿1 nn Mh•lF hv.
10

THE WOODCOCK BEQUEST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDING 31 AIARCH 2024
Totsl
lund8
2024
Prlor
Y￿r
2023
Not•
C•*h Ilows Irom opratlng acllvHI•s:
Mot eosh u••d In op•r•llng •¢tl¥ttkn• {￿• b•lowl
9.598
C•$h Ilow¥ from Imio•tlng actlvbtl••.'
Investment incomè
Purchases ol laThJib¢a fixed ass&ts
Purchases of investrnents
Movoment in cash hold for investrnent
Proceeds Irom ¢Jisposal ol invesimants
N•t ¢•8h prov1d￿ by In￿$11ng actl¥ltl•8
147,
18,7591
184.5141
179,1631
120.731
95,901
152.561
12,9761
1100,9371
145.3961
134.254
137,506
Ch•ng• In ca•h and cagh •qulv•l•nl¥ In tho y•
16.303
16741
Cash and ¢ash fjquwaknts at thè beglnning ol the y
24,409
25.083
C••h •nd c•*h •qulval•nl• Ol th• •nd ol th•
40.712
Anoly81• of chang•• In n•t d•bt
Cash 411 April
Cash Ihjvts in ￿ar
Cash ai 31 March
24,409
16,303
25,083
674
R•conclll•llon of n•t Incom• lo n•t ush Ilow Imm op•r•tlng •ctlvltl••
2024
N•t Ineom•ll•xpgndllurg1 for th• y•ar p•r th• 8l•t•m•nl
of flnancSal actl¥rtl•g1
Adlustments lor:
Depreciation charge
Inveslrnenl irKorne shown in investirvJ aclMIi8s
(Gainslllossès on investments
Ilncreasel/dec￿ase In debto
(Decrease) in creditors
N•1 cash uJ•d In op•rntlng aetfvlllo$
85.905
1228.4911
98.178
1147,6061
1109,4441
16.3421
289
79,598
104,840
1152.5611
138,010
41
19
138.180

THE WOODCOCK BEQUEST
NOTES TO THE ACCOUNTS
FOA THE YEAR ENDING 31 MARCH￿
l. Accountjng Palb¢l•8
Th8 arrtyJnts stsfftrn¢rrfsl havo been weparnd unow th8 cost cawemion *ilh homs
iecogr#¥d 41 ¢0si or v*ue staled relB¥•nt rM)ielsl 10 ￿se acojunts. T
[inar￿1¥ SMtem￿S havo b8￿ rrfepw*J in *(4rdan￿ wth ts siai8N*thI ol Rec4immeTrJed Prw*o'.
oijniiro and Rer¢J11ThJ ty Chwibes Fw•rirvJ Kc0rdlln￿ *ith th$ RepoFtsng
8nd•id a0￿able In thè UK FIW* ol IFRS 1021 d8riNg 1 JarvJary 2019 and Finand
Standard aFpkabkn m tho Unrfed ol 11oland IFRS 1021 aTrJ the Chadl
AccouN$ IS(•ll**l A8gulaihins las
The chwtycon8ihute5 1 b•neffi•rty88 dblmdty FRS IrR.
In Ihe aFpIc411￿ ol th*iVs f•xoJ￿lY¥j w)ki8& th• IDJ&tOOs w• bi rnak•WJfftrt&. eslTh&t••
and a8sumpiixw ol ait•l& •*J W*"hiw thAI ao readty ava4•bl• Irom ¢1
strJre88. The 461Smaies assW￿￿j ¥• ofvr ta￿01* i￿1
are re￿Vant. Aciual rèsulls MDY thtt•r •8tim•t•&. In Iw slaiemonl$, t￿*
1rui1￿$ hv• mad•
Trustees Ihe Iww¢m•nts tor LM¥J ond Inlryffl•Uon. Th￿ hJ•nDI* toats Ihal w•
8XP8cied 10 btr inujrrffl lor ••Th*•• by othqv *rtuuals ar• or* rekn•J vtsn Ih•r• li 4
rt•r•d *uN•>M. Mlh mw r•¢￿1 vahjabon undDrtak•n ￿ 2021. inj81a8stw￿ Illh•r• w• any
v•nts h•¥• iwA•d in th• ol •N# ilJ v•hM.
¢1 Fund*
Th• ¢hority'$ luTht8 ar• Uniostr￿ed. ctlnm fvnd8 trustee& Ir•• to
• 101 any puw in 1Urfvr8￿ ol Ihè c*4ect•. Thwe Vd ¢th ono lund rw4•kJatyon r888N•
dl In¢om• r•ewlllon
JI income is r•wthd ¢nc• chw4y hes erthnart inc￿, wc4Mt4• th&1 thtr Intthnw b•
r•c8wed. knlttest an fu￿1$ W ¢n o•pt￿ ￿ irKkn1ed *tsn arnl Ihe amrMJni ￿aSured
rwy chaDty.' nrmn* w noblwxkn d thg in1er￿ p•0 Ly the Iw& or
irrt•*m•ni *•knqr.
•> D•towrqd Incom•
When ifKxme 15 •*4arto rf th• *dOler￿j thllnty Iwsp•rth&J
IM activity relared io the
l) Expendlluro IK09n￿on
tbililies are iecognised as 8￿￿11￿¢ # SLW as L¥ ¢Of*bU￿1￿ ¢omrrdllifvJ I
<hanly io Ihai ey4*N*luwe. it 15 th•1 selty8n￿ VAI btr ryjwed and the •rrfwJrt ol the con
t* measuied ielably. Al exr*TrYrfure *x¢ty*)ted hjron an té
g) IFr•Bov•rAbl• VAT
Irr•￿Verab￿ VAT 15 ¢h¥9bJ ag* l* tarmlich l was
12

THE WOODCOCK BEQUEST
NOTES TO THE ACCOUPtrs
FOR THE YEAR ENDING 31 MARCH 2024 (contlnued)
1. A¢¢ounllng Pollc*•
h) Co¥t• ol ro1•Snq lund•
These costs eomwise thg expenses ol managing th8 Inv￿Men1 afyj ths fees
ty the inve3trnent athisers in managiThJ Ihe Invgstsnent p)rttolio.
11 Tanglblo lIx￿ •0￿18 and deprKknllon
Tangible Iixeij 8s581S, cosliw m(¥e than £2.Cth, ar• ffiitially measureLI at cosi suwuenly
m6a5ur8d at cost or valuation. net ol depr￿afr.0n (x impatrment. Dweelati￿ 1$ tharged on a
slraight-line basis over the eSlimat¢d Usef￿ &ves ol the asse15 from Ihe year of acquisi*'on ai thè
following raies".
Heritatde proth. 2%
Fumilvre and &]uiwft&M. 25%
No depreciation is provthd M la￿1.
D Fln•ncW In*lrum•nts
Fina￿al inslrumenls are reefJ3n6s•a in c*anVs bala￿ sl*1 when the tharity beC￿ne$
party to the ¢￿￿raclUal Fyovisions of thg I￿rnent. Basic fina￿)81 a888ts (which induda cash
and bth debtor balar￿e$l aThJ ba* lina1￿31 li*4'1ilies Ikvhich i￿lL￿18 crèdilorsl are iniliJly
m•a5ured al Ihe amounl r￿1V￿a or payat4e I￿u&.￿ ai)y transadion costs aTrJ are
$ub8equenlly carried at am¢Jh¥8d Cost usiry the all￿¥+ inièrgsl rnetlKxJ. 8asic linanci
a890t8nlat416tl•s, Cla￿1￿ as rrniabWpayatl8 year. are rnl an￿r￿$•d.
Flx•d ••••t Inv••tm•nl•
Inv8stm•nts are a fiwm ol ba￿ fInarri￿ instruments aThJ are inifr'ally reeognised at their
Iranso¢1ion value and subsecwrfy Mèasur￿ at thwr fair y￿u& as ai balance she8t data
usiro Ihe dosing qwted markgl wce. The stalemeni of fin￿1￿ acbvities i1￿￿d&S thè Mt gain8
aNJ losses on rwalualion ￿ disposJs throL¥JhoLrt tho y?ar.
The charity does nol acw're derivatlves or oth8r ¢tynFlex lirwKW Instrum8nts.
11 A￿lI#•d ylns and lo••
I gains and losses arè ta￿ to the Statemanl ol Firwh)￿ A¢tiwtie8 as tlw aris•. Ra￿19?#
gains aTrJ losses on inve3tments are cJcyJlal*l as Ihg [￿lerer￿ belwfftn thg salas woce
Ihe cpenirKJ ca￿"ThJ values or lh￿r pu￿haSe value if acquir•J subsequenl to the firsi day ol
Ihe finarKial year. Unrèalised garo ar*Y losses are calcvla18d as the differerr* bewn fftè lair
¥￿ue at th8 ￿ar thw'r carrw"r¥J ¥￿U$. Ra￿1￿1 a￿1 invasbn6fi19wn$ and
lo8¥e¥ coffltM'n•J in the Statement of FinarKial Activits"es.
ffll Don•t•d ••r¥lcts W I￿lItIe•
value of work &)ne by Iruslees in ol Iheir time lor meetirMJs aThJ other matters
behalf ol Ihe charity is nol reflethj in thè as it camol h quankn"1￿l.
n) Taxatlon
The charity is exeiryk fmm tax on a￿1 gwr6 to the ex18ni thal Ihese are apwied to its
charltatAe oti8Cts.
ol Penslons
Employees of the chanty are enbiied to ￿An Ihe charitys aulM￿m￿l W￿lon scheme is
lunded by C￿1(1￿ from errwoyees aThJ ￿n￿￿er.
13

THE WOODCOCK BEQUEST
NOTES TO THE Accouiirs
FOR THE YEAR ENDING 31 AIARCH2024 (contlnued)
Salari8s arnj waps
Social wcurty
P6nsth cosis
514
477
No remuneratK)n was paKI to trust￿$ 12023 . No •t)yloy8• h¥J b*￿fits in
gx¢e¥$ 01 £60,C(i)120fJ. rwl.
The average ThJn*or ol ￿n￿yo•S durw th• >*ar WAS hvo12023 . t￿) ￿1 wothiffj on
¢harilabL8 *'vttw.
In July 2022. tho S￿￿$e
of tru5t8e
waB wrrt•J as rAretaker.
An ernployrnent ￿traC
seNte occyncy agFeemoni werè Intor￿ Inio b•ts¥èèrn thè
charty and Ihg gmpbyee. Under Ihe sefvKe cttupancy aoreomont. the 8ftlyo￿ is roquir*J to
in of thè eh8riV8 pay, al th¢ r*e 01 £9.10120Z3 . £8.70)
for •aeh day wth•J, was mad• ￿ an off￿1 lor the aCcOmrr￿B1Im prgvthj. In yoar
enLliw 31 Klaich a)24 the gross em[40￿￿nI cost was t17,673 12023 - £12.0711 and tho
accomm￿￿81￿ 011sgt wa$ £2,3661%)23 . £1,697). Olhw cL)Sts by Ihe Trust in reswcl
ol th• prop•rty. •r￿udIng td•phon8. C￿￿1 lax heat Ivjhl, arnount+J to £4.23812023-
£5,9061. TM trust80 aho In FWq)lrty thè 8￿￿0Yed gFQUW.
R•rrts from bel￿
4. Inv•*th￿￿t Ineam•
InVest￿nt irwme
Rents from invesbllerrt
60,776
59.992
5. Eyndltur• on R￿Ing lunds
Investrr￿l lees
L8gal aThJ Wofesswj￿l feos.
17.961
16.655
5,541
22.196
17,961
14

THE WOODCOCK BEOUEST
NOTES TO THE ACCOUNTS
FOR THE YEAA ENDING 31 A14RCH2LV4 (conllnued)
2024
2023
10,180
34,183
6.158
9,7(Kl
78,155
5,870
8.217
26,787
Maintenar￿e and runniThJ Costs ol t•Wt4ari
Insuraw c051 ot prcwlie5 tor benefbx
ChafitaNe donaiions
Salaries aTrJ ¢￿ts lTh)te 21
Accouniarcy And pgyrc41 le88
Audit lees
Legal and prof?$￿ tse$.
Legal a￿1 professthal lees. olh
Surtry a01m1n￿Wa1￿ expenses
Dewecialion
29,923
5.160
13,967
2.4Lkl
576
25.929
104,840
270.676
206.839
7. T4nglbl• flx•d ••••¢•
H•rknb￿ Fymltur• &
Prop•rty •wlpThnt
Tothl
Co•t or valu•tlon:
Al I Wil 2023
Athyilons
At 31 2024
5.456.861
S.492,404
8,759
5 501 163
O•prKl•llon:
Al 1 April 2W23
Chary for the year
31 Ma￿h 2024
,347
98.178
97.434
744
N•t book v•*J•.'
Al 31 March 2024
5.163147
Cogt or V•lu•ll￿.
At 1 April 2022
A(kYrt￿
Al 31 March 20¥J
5.456.e81
32,567
5,489,428
5 492 404
At 1 A￿12022
Charoe for Ihe year
At 31 March 2023
107.605
25.9)2
133,507
l>o¢)k v•lu•:
Al 31 March 2023
heritatA8 WOW1ies *Ye profes$th￿ty valu&J in March 2021 by swe￿ Chartwed SuNeyors ai
mphel value on an exsbNJ use ba515. The wginal cc61 ol the heritatAe prormty ai 31 Mar¢h 2024 wa5
£3,144.087 121m . E3,135.3281. This lar¥J at an estimated 01 £585,16012023 . £585.1601.
Irusteos belwe lh* tw vJu8s remain an ￿fK￿4￿)n ol l•r ¥￿￿e at YWWKI.
15

THE WOODCOCK BEQUEST
NOTES TO THE Accouiirs
FOR 7HE YEAR ENDING 31 MARCM2024 (contlnwd)
7. T•nqlbl•ll¥•d •*Mi•
Cost
3.144.067
3.135.328
2 525 371
& In¥••tm•nt
d4
202$
¥￿￿110￿.
Al 1 Awl 2023¥￿31 2024
Al I 2￿2 31 PA¥¢h 2023
Th• INwrneni March 2￿21 ty she￿￿d Chwiw¢¢ Sur¥wr$
•1 mwkol ¥a*Ja on an b￿. The co•t ol lh• In¥o¥blWI yr¥*n* ai 31 Mart*
2024 È34S,615 I2￿ . £Y5.6151. An I￿•81Th￿ kn 4r￿LIbJrd lthj was ¥ah￿d In C*tOber 2015
by Ch•rt•i•d &Jfvern. P•dh bA5N. ThTrlnAi•es th•1 ¥•hJ•$
•.
2024
202J
o¥•m•*i In Ilx•d •tsi•t kn*itminl•
Mark•i val￿ lthvArd al I
Add.. lo InYeslrDllllt8 al c￿1
Oitposais ol Inv•*martS al Carrffl￿
2,542571
84.514
2.888.5
100.937
1148.7281
1125.5361
112.134
￿0￿Ment h caah W torin¥eJlmart
Math•i a6 th 31 Marth
Tha hs1or1￿1 etsiol •1 91 2024 t1.96921612023. £1.W3.895I.
Inb**im•*th•t ￿r v*lu•
eonds Dnd Flxed knAer•￿ knL
Cfverseas equ￿e3
445.711
1.159.$58
716.827
231.931
140.940
484.111
990.427
762.JLY
243.gS3
lernavvos
Cash
Tot
•t•rfal n￿￿tm•nIA
The Irusiee$ ¢Dstht lThy￿K*j￿ in¥eibm•rf •xcts&c4 5%01 the ty) be nwlorfd.
male1￿ inierests by v*J•.'
PolArW
Al inve51rnents are camed al I￿r lar ￿k)e. In¥e9tsnenty •re Irathy ai wi¢6$ lor irweslTr￿nI
runds unit Irusts or srix* ex¢hwp mwk8t KXW. Thp basis ol I￿r ewwaknl lo maFk8l
trade al rx751 lihal is thow trwsacw waK*l.
The S￿￿l￿nCe of fina￿ ctfflsthrqd
16

THE WOODCOCK BEQUEST
NOTES TO TrIE ACCOUNTS
FOR 7HE YEAR ENDING 31 MARCH2024 (c¢¥rtlThKd)
In%*stm•nts IMrtiknu•dl
FR$ 102 wlres dixknur• ofknlNrnafjon h) r8l&ikM its t￿t￿n Tho* risks •rv
out by FHS 102 as tokn¥'.
Credfth. Iho risk thai w F•1y 10 a ¢aw a IJM tr th•
Pttrfyty lailirvJ ￿ dwhatge an ct4oakn.
CUrre￿y rfsk.. INS k8 thai the Iw v*J• ty *Jiw• ¢#h fv7*J ol • ale41
b￿@￿88 ol chw)088 kn Iwqwn •xclw¥• f4101.
Inmresi rattr rt5k.. trys Is Ihe th th81 Ihe faw y￿Je ar ¢•th frn ol a 4Mo1 nuriu*•
tqcause ol chafy•in mathot inleresl ral•s.
b•cau#• ol ¢haryes in rnwk•r lo￿ than Lhose Yiw8St or tskl.
chan9•• we cwJa•d l*iord Ihe IMnc4al in¥trwn•rd LV Is i*J•r.
ar I￿￿14 altecaiNJ alsirthr w&*•d rn•rk•l.
The Chllflty ha¥ •wure to riths b•¢aw ol lh• wrrf•51nth$ M rnakes 10 Its
Inv•*m8ni siiai•gy. The TnIsl•￿ risks. in¢WThJ rf8k p￿d nsk.
ao1880 ri&* lirnils 4r• iakhw inio •cciJJrt ¢hw¥yb irNa*r￿ T*04•
Ifflvesim•rn obhthlves &ThJ mThMtu•d Truii•es ty r•9LAv ol inv•stm•nl
P)nldo8,
Furth•F i￿OrnI140n Twiii*' ki r*k
and maik81 arè soi t*kn¥.
Cr•dtt Rlik
The Chanty Invo8ts kn pO0￿d v•hk*8 IWor• (Nredty eXVA8d ￿> t¥odl
reWIIon ￿ thtr inslrumenis In Its In¥•srmBnt vehKI•$ ￿ r& ThJir•cty •yws•O 10
lrialng on ihe IlnancK91 Wlrum*)ts hebj by1￿9￿J￿•￿￿￿1V•hK*$.
AnIty￿￿ ol dlF•oi ¢rndlt vW¢
Oil*CI cr8dil •Dsiw Ircm velth ra by th• uTr*rtymo assets d th•
ed arrarvJemenis bein9 Dllg.ler£•J trorn m*)W. th• r•guWy ￿￿1r0￿r￿S in
Ihe poo*d managW5 cpBr&lg ol mVBsthenM a nunthr ol r#)0
arTawements. Tho TIu8iee$uiryiwI ¥wnlmenl ofrwpoc48d mana9e
and on an onoohw ba818 n￿￿or 10 r•guknkny and ¢TW*iYd th•
rna¢wer.
vehK4es. Th1$ rtsk ￿ mitwjaithj ty KK#)knJ In iWOSknent gr*1•
credl raied 8ecuril*.
Currnw rl•k
maikets. via Ihe POO￿ ￿v￿rnent¥8h￿jaS.
Int•rn*t rats rfBk
Othef P￿¢• rf•
Other wcfy risk wses reLqlion h8hJ ￿ pDE￿I￿￿8. Th• Charity manllges
17

THE WOODCOCK BEQUEST
NOTES TO THE AcCOuP￿s
FOR THE YEAR ENDING 31 MARCH 2024 (conllnued)
10. D•btors And pr•p•ym¢nt*
2024
2023
Debto
Prepayrnents
7,153
47
812
46
11. Cr•dltor•: Amount• f•lllng du• wlthln on• y••r
Creditors
Accruals
0￿￿rTed rental irKome (note 12)
6.369
10,961
8,248
9,371
6,872
12. D•l•rr•d Ineom•
2024
2023
As ai l Aprll
Arnounl ￿leaSed to Inwstmgnt
Amount delerTed in ypar
As at 31 March
6,872
16,8721
6.872
6.872
16.8721
6,872
13. Op•r•tlng l••
2024
Income recepts guarant•8d uThlgr Th)n4a￿e11abl8 cyerating18a898.'
Wilhin year
Btr￿een 2 and 5 years
90.710
749,191
90,710
232,951
14. Lo901 $lalu$ ol the ch•rlty
The charity is a SCIO whose aro 11$ ffily members. The 1ruSt￿ h•v* no liabilty for
Ihe debt5 01 the charity prov*Jing thay have complied with Iheir 18gal duti&s uThYer the
Ch8ritiè$ aThd Trustee Investment IScoiJaThJl kt 2rA)5.
18