WANDERWIDE CHARITABLE TRUST
ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
| CONTENTS General information Trustees' report Independent examiner's report Receipts and payments account Statement of assets and liabilities Note to the accounts |
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|---|---|
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REGISTERED CHARITY NUMBER SC020538
WANDERWIDE CHARITABLE TRUST
GENERAL INFORMATION
INVESTMENT MANAGERS
Adam & Company Investment Management Limited 22 Charlotte Square Edinburgh EH2 4DF
BANK
Adam & Company 22 Charlotte Square Edinburgh EH2 4DF
ACCOUNTANT
Arcadia Tax & Accounts Limited 12-13 Bowdens Farm Hambridge Somerset TA10 0BP
SOLICITORS
Shakespeare Martineau One Temple Quay Temple Back East Bristol BS1 6DZ
INDEPENDENT EXAMINER
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WANDERWIDE CHARITABLE TRUST
TRUSTEES' REPORT
The Trustees declare that they have approved the accounts for the year ended 5 April 2025 and have provided all information and explanations necessary for compilation of the same.
We have prepared the accounts from the records and information held by or made available to us by third parties, and from the explanations supplied to us. We have not carried out an audit and therefore do not express an opinion of these accounts.
Arcadia Tax & Accounts Ltd 12-13 Bowdens Farm Hambridge Somerset TA10 OBP
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WANDERWIDE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
The attached accounts for the year ended 5 April 2025 were prepared from the trustees' records and are in accordance therewith.
Approved by:
………………………………………………
Date:
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WANDERWIDE CHARITABLE TRUST
RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| CAPITAL RECEIPTS Proceeds on sale of investments INCOME RECEIPTS GRANTS & DONATIONS INVESTMENT INCOME Dividends - equities - unit trusts - property income - overseas unit trusts Interest - unit trusts - overseas Deposit interest Government Stock interest paid gross Less: accumulated income Foreign tax deducted at source TOTAL RECEIPTS DIRECT CHARITABLE EXPENDITURE Donations made Other expenditure: Investment managers fees Administration charges Audit Purchase of investments Equalisation payment TOTAL PAYMENTS Net receipts/(expenditure) for the year Cash & bank balances at 6 April 2024 Cash & bank balances at 5 April 2025 |
Endowment Fund £ 72,630 ----------------- 72,630 ----------------- 72,630 ----------------- 0 6,172 3,432 400 70,225 (1,186) ----------------- 79,044 ----------------- (6,414) 7,923 ----------------- 1,509 ========= |
Unrestricted Fund £ 0 11,999 4,312 406 4,026 4,754 2,086 1,125 88 ---------------- 28,795 (114) (422) ----------------- 28,259 ---------------- 89,985 15 ---------------- 90,000 ---------------- (61,741) 114,532 ---------------- 52,792 ======== |
2025 Total £ 72,630 0 11,999 4,312 406 4,026 4,754 2,086 1,125 88 --------------- 101,425 (114) (422) --------------- 100,889 --------------- 89,985 6,172 3,447 400 70,225 (1,186) --------------- 169,044 --------------- (68,155) 122,455 --------------- 54,302 ======== |
2024 Total £ 74,154 40,000 12,565 4,326 885 3,687 2,181 1,467 2,049 175 --------------- 141,489 (531) (417) --------------- 140,541 --------------- 0 5,914 1,996 25 59,752 (110) --------------- 67,576 --------------- 72,965 49,491 --------------- 122,456 ======== |
|---|---|---|---|---|
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WANDERWIDE CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2025
| Note MONETARY ASSETS Adam & Company: Income account Capital account Lloyds bank a/c 87986760 Administration costs re. 2025 see note 5 Legal advice re. trusteeship Accounting costs re. 2025 Audit costs re. 2025 INVESTMENTS at cost 2 |
Endowment Fund £ 1,509 --------------- 1,509 (1,800) (540) (1,434) (400) 537,201 ----------------- 534,537 ======== |
Unrestricted Fund £ 49,792 3,000 -------------- 52,792 ----------------- 52,792 ======== |
2025 Total |
2024 Total |
|---|---|---|---|---|
| £ 49,792 1,509 3,000 --------------- 54,302 (1,800) (540) (1,434) (400) 537,201 ---------------- 587,329 ======== |
£ 21,533 7,923 93,000 --------------- 122,456 (1,800) (1,800) (1,092) (400) 542,320 ---------------- 659,684 ======== |
The accounts have been prepared on the receipts and payments basis. The Trustees confirm that the accounts comply with the appropriate legal requirements.
Approved by the Trustees on
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WANDERWIDE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
-
ACCOUNTING POLICIES These accounts have been prepared in accordance with recommendations of the Office of the Scottish Charity Regulator and the accounting Regulation 9 of the 2006 Accounts Regulations
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INVESTMENTS Investments consist of:-
| £ | £ | |
|---|---|---|
| Investments at cost | 537,201 | |
| Adam & Company - capital account | 1,509 | |
| income account | 49,792 | |
| Lloyds bank a/c 87986760 | 3,000 | |
| Arcadia Tax and Accounts fee provision | (1,434) | |
| Shakespeare Martineau fee provision Ps -auditfee provision |
(2,340) (400) |
|
| 587,329 |
and are held as follows
| £ | £ | |
|---|---|---|
| at | mkt value | |
| Cash -J (2 a/cs) | cost 51,302 |
05/04/2025 51,302 |
| Lloyds bank a/c 87986760 | 3,000 | 3,000 |
| Arcadia Tax and Accounts fee provision | (1,434) | (1,434) |
| Shakespeare Martineau fee provision | (2,340) | (2,340) |
| BR 2u:ciitfee provision | (400) | (400) |
| Fixed & variable interest | 157,869 | 153,066 |
| Equities UK | 155,265 | 334,303 |
| Overseas inv trusts/funds | 224,068 | 395,420 |
| Property | 0 | 0 |
| Acc income etc excluded vals | 0 | 0 |
| 587,329 | 932,917 |
The portfolio contains a number of stocks where the income is accumulated as opposed to being paid out. The accumulated income shown above has not been carried through | base cost valuations in past years, however they are a 'cost' element of the holding and will be reflected within the market valuations. For accounting purposes these dividends are shown in total within the above figures, their current accumulated value being £9,208 up to and including 2024/25.
The investment movements below contain the current year receipts which are reflected in the
portfolio valuations.
The investment movements, including the dealing and deposit account held by Adam & Company during the period were as follows:
| £ | |
|---|---|
| Book value 6 April 2024 | 542,320 |
| Additions | 70,225 |
| Acc income 2024/25 | (114) |
| Equalisation payment received | (1,186) |
| Disposals at cost | (74,045) |
| Bookvalueat5April2025 | 537,201 |
Actual disposal proceeds £72,630 (2024 - £74,154) Gain/Loss on investment sales £1,415 (2024 - £7,793)
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WANDERWIDE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
- VALUE OF TRUST - 5 APRIL 2025
| 25 | £ | £ | |
|---|---|---|---|
| Investments at market value | 882,789 | ||
| Cash assets: | |||
| Adam & Company: | |||
| Income account | 49,792 | ||
| Capital account | 1,509 | ||
| --------------- | 51,302 | ||
| Lloyds bank a/c | 87986760 | 3,000 | |
| Arcadia Tax and Accounts fee provision | (1,434) | ||
| Shakespeare Martineau fee provision | (2,340) | ||
| - audit fee provision | (400) | ||
| ---------------- | |||
| 932,917 | |||
| ======== |
4. CHARITABLE DONATIONS 2024/25
£89,985 of donations were made during the year ended 5 April 2025, as follows:
| Water Aid | 9,000 |
|---|---|
| The Samaritans | 9,000 |
| The Lifeboat Fund | 9,000 |
| Prisoners Education Trust | 9,000 |
| Practical Action (previously ka ITDG) | 9,000 |
| Only a Pavement Away | 9,000 |
| British Red Cross | 9,000 |
| Bristol Children's Help Society | 9,000 |
| OzHarvest | 8,985 |
| Save The Children Fund | 9,000 |
| ---------------- | |
| 89,985 | |
| ======== |
5. STAFF COSTS
The Trust does not employ any staff. Arcadia Tax and Accounts Ltd have prepared these Accounts, Shakespeare Martineau manage the day to day administration of the trust and audits the same. Costs for work carried out since April 2025 are estimated to be -
£1,800 for the period to 5 April 2025 for the administration, £540 for legal advice, £1,434 for the preparation of the 2025 accounts and £400 for the audit of the same.
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—-—— WANDERWIDE CHARITABLE TRUST |
| INDEPENDENT EXAMINER'S REPORT | The attached accounts for the year ended 5 April 2025 were prepared from the trustees’ records and are in accordance therewith.
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