## **WANDERWIDE CHARITABLE TRUST** 

## **ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025** 

|CONTENTS<br>General information<br>Trustees' report<br>Independent examiner's report<br>Receipts and payments account<br>Statement of assets and liabilities<br>Note to the accounts|Page|
|---|---|
||1<br>2<br>3<br>4<br>5<br>6/7|



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 


1 

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 

2 

## **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:** 

3 

**WANDERWIDE CHARITABLE TRUST** 

## **RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025** 

|CAPITAL RECEIPTS<br>Proceeds on sale of investments<br>INCOME RECEIPTS<br>GRANTS & DONATIONS<br>INVESTMENT INCOME<br>Dividends  -  equities<br>-  unit trusts<br>- property income<br>-  overseas unit trusts<br>Interest     -  unit trusts<br>-  overseas<br>Deposit interest<br>Government Stock interest paid gross<br> <br>Less: accumulated income<br>Foreign tax deducted at source<br> <br>TOTAL RECEIPTS<br> <br>DIRECT CHARITABLE EXPENDITURE<br>Donations made<br>Other expenditure:<br>Investment managers fees<br>Administration charges<br>Audit<br>Purchase of investments<br>Equalisation payment<br> <br>TOTAL PAYMENTS<br> <br>Net receipts/(expenditure) for the year<br>Cash & bank balances at 6 April 2024<br> <br>Cash & bank balances at 5 April 2025<br>|**Endowment**<br>**Fund**<br>**£**<br>72,630<br>-----------------<br>72,630<br>-----------------<br>72,630<br>-----------------<br>0<br>6,172<br>3,432<br>400<br>70,225<br>(1,186)<br>-----------------<br>79,044<br>-----------------<br>(6,414)<br>7,923<br>-----------------<br>1,509<br>=========|**Unrestricted**<br>**Fund**<br>**£**<br>0<br>11,999<br>4,312<br>406<br>4,026<br>4,754<br>2,086<br>1,125<br>88<br>----------------<br> <br>28,795<br>(114)<br>(422)<br>-----------------<br> <br>28,259<br>----------------<br> <br>89,985<br>15<br>----------------<br> <br>90,000<br>----------------<br> <br>(61,741)<br>114,532<br>----------------<br> <br>52,792<br>========|**2025**<br>**Total**<br>**£**<br>72,630<br>0<br>11,999<br>4,312<br>406<br>4,026<br>4,754<br>2,086<br>1,125<br>88<br>---------------<br>101,425<br>(114)<br>(422)<br>---------------<br>100,889<br>---------------<br>89,985<br>6,172<br>3,447<br>400<br>70,225<br>(1,186)<br>---------------<br>169,044<br>---------------<br>(68,155)<br>122,455<br>---------------<br>54,302<br>========|**2024**<br>**Total**<br>**£**<br>74,154<br>40,000<br>12,565<br>4,326<br>885<br>3,687<br>2,181<br>1,467<br>2,049<br>175<br>---------------<br>141,489<br>(531)<br>(417)<br>---------------<br>140,541<br>---------------<br>0<br>5,914<br>1,996<br>25<br>59,752<br>(110)<br>---------------<br>67,576<br>---------------<br>72,965<br>49,491<br>---------------<br>122,456<br>========|
|---|---|---|---|---|



4 

## **WANDERWIDE CHARITABLE TRUST** 

## **STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2025** 

|Note<br>MONETARY ASSETS<br>Adam & Company:<br>Income account<br>Capital account<br>Lloyds bank a/c 87986760<br>Administration costs re. 2025<br>_see note 5_<br>Legal advice re. trusteeship<br>Accounting costs re. 2025<br>Audit costs re. 2025<br>INVESTMENTS at cost<br>2|**Endowment**<br>**Fund**<br>**£**<br>1,509<br>---------------<br>1,509<br>(1,800)<br>(540)<br>(1,434)<br>(400)<br>537,201<br>----------------- <br>534,537<br>========|**Unrestricted**<br>**Fund**<br>**£**<br>49,792<br>3,000<br>-------------- <br>52,792<br> -----------------<br>52,792<br>========|**2025**<br>**Total**|**2024**<br>**Total**|
|---|---|---|---|---|
||||**£**<br>49,792<br>1,509<br>3,000<br> ---------------<br>54,302<br>(1,800)<br>(540)<br>(1,434)<br>(400)<br>537,201<br>----------------<br>587,329<br> ========|**£**<br>21,533<br>7,923<br>93,000<br>---------------<br>122,456<br>(1,800)<br>(1,800)<br>(1,092)<br>(400)<br>542,320<br>----------------<br>659,684<br>========|



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 



5 

## WANDERWIDE CHARITABLE TRUST 

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 

1. 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 

2. 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<br>Ps -auditfee provision||(2,340)<br>(400)|
|||587,329|



and are held as follows 

||£|£|
|---|---|---|
||at|mkt value|
|Cash -J (2 a/cs)|cost<br>51,302|05/04/2025<br>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) 

6 

## **WANDERWIDE CHARITABLE TRUST** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL  2025** 

3.         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. 

7 

- —-—— TRUST 

- ee 

—-—— 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. 

3