REGISTERED CHARITY NUMBER: 1044567
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st December 2020
for
The William Dean Countryside and Educational Trust
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
The William Dean Countryside and Educational Trust
Contents of the Financial Statements for the Year Ended 31st December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
The William Dean Countryside and Educational Trust
Report of the Trustees for the Year Ended 31st December 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Trust are that the trustees shall hold the trust fund and its income upon trust to apply them to promote the advancement of education for the public benefit relating to natural history, ecology and conservation of the natural environment and in particular by making grants to registered charities or for the charitable purpose of any organisation in the furtherance of these objectives as indicated in the will of William Dean.
The Trustees meet four times each year in March, June, September and December when applications for grants are considered by them as well as matters relating to the administration of the Trust.
Public benefit
The trustees have considered the Charity Commission's guidance on public benefit including the guidance ‘public benefit: running a charity (PB2)’
ACHIEVEMENT AND PERFORMANCE
The Trustees have in accordance with the Trust made grants during the year to the organisations and causes as detailed in the financial statement.
The rents of property now owned by the Trust and previously owned by William Dean, (principally the Astbury Garden Centre) show a good return and are tenanted by reliable tenants. The portfolio value of other investments at the end of December 2020 was £1,295,565 (£1,318,033 at 31 December 2019) decreasing in value by £22,468. The dividends and interest income is less than last year by £7,686 producing an income of £35,559 (£43,245 in 2019).
FINANCIAL REVIEW
Investment policy and objectives
The trustees intend that the real value of their assets should be maintained and enhanced over the long term by investment in tenanted property (as mentioned above) and in portfolio comprising equities fixed income stocks and cash.
Investment Brief
In order to meet these objectives the Trustees have appointed Messrs Whittaker & Biggs, Chartered Surveyors to advise them on such matters relating to the let property including the rent which should be charged and the conduct of the necessary procedure for the increasing of such rent at the appropriate times. They have also appointed Barclays Wealth as their agent to manage a diversified portfolio of other suitable investments on a discretionary basis. The proportions invested in equities fixed income stocks and cash are reviewed on a regular basis by Barclays Wealth to provide guidance on the suitability of that element of investment policy and having regard to the substantial proportion of the Trustees assets being invested in realty.
Reserves policy
After providing sufficient funds to cover all management and administration the Trustees regard the remaining incoming resources as the free reserves of the Trust and available for the general purposes of making grants in accordance with the stated objectives of the Trust. The balance of reserves available at 31 December 2020 were £37,790 (£55,599 at 31 December 2019).
Financial Policy
The Trustees have prepared an Investment Policy Statement which provides guidance as to how the asset management functions should be exercised. So far as concerns the portfolio investments the Trustees have delegated such functions to Barclays Wealth.
Page 1
The William Dean Countryside and Educational Trust
Report of the Trustees for the Year Ended 31st December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable trust registered with the Charity Commission numbered 1044567. The trust was constituted by a Declaration of Trust ("the Trust") dated December 1994 and registered by the Charity Commission on 1st March 1995. The trust was established in accordance with the wishes of William Dean who died on 6th October 1993 as expressed in his Will which was proved in the District Probate Registry at Birmingham on 24th June 1994 by the Executors, William Lindsay Crawford, John Edward Ward, David Albiston Daniel and David William Crawford who became the Trustees of the Trust together with David John Parsons, Margaret Williamson, Rebecca Franklin and Patti Pinto who were subsequently appointed by them as additional Trustees. William Lindsay Crawford resigned on 23rd September 2014, Margaret Williamson sadly passed away on 5th April 2015 and David Albiston Daniel resigned on 9th September 2019.
Recruitment and appointment of new trustees
There shall be at least three trustees. Every future trustee shall be appointed by a resolution of the trustees passed at a special meeting.
In selecting persons to be appointed as trustees, the trustees shall take into account the benefits of appointing a person able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objects or the management of the charity.
When any new trustee is appointed the trustees shall ensure that any land belonging to the charity which is not vested or about to be vested in a custodian trustee and all other property of the charity which is not vested or about to be vested in a custodian trustee or a nominee is effectively vested in the persons who are the trustees following such appointment.
If for any reason trustees cannot be appointed in accordance with the foregoing positions the statutory power of appointing new or additional trustees shall be exercisable.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1044567
Principal address
51 Moss Road Congleton Cheshire CW12 3BN
Page 2
The William Dean Countryside and Educational Trust
Report of the Trustees for the Year Ended 31st December 2020
Trustees
J E Ward Chair D W Crawford Trustee Mrs R Franklin Trustee Mrs P Pinto Trustee A M Pear Trustee (appointed 8/6/2020)
Co-ordinator and correspondent
Mrs Clare Amare 51 Moss Road Congleton Cheshire CW12 3BN
Bankers
Barclays Bank 31 High Street Congleton Cheshire CW12 1BQ
Investment Managers
Barclays Wealth 1 Churchill Place London E14 5HP
Chartered Surveyors
Whittaker & Biggs 34 High Street Biddulph Stoke-on-Trent ST8 6AP
Independent Examiner
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J E Ward - Trustee
Page 3
Independent Examiner's Report to the Trustees of The William Dean Countryside and Educational Trust
Independent examiner's report to the trustees of The William Dean Countryside and Educational Trust
I report to the charity trustees on my examination of the accounts of The William Dean Countryside and Educational Trust (the Trust) for the year ended 31st December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Colin Higginson FCCA, FMAAT Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Date: .............................................
Page 4
The William Dean Countryside and Educational Trust
Statement of Financial Activities for the Year Ended 31st December 2020
| Notes VOLUNTARY INCOME FROM Investment income 2 Other income Total EXPENDITURE ON Raising funds 3 Charitable activities Grants Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31/12/20 Unrestricted fund £ 75,129 - 75,129 3,606 88,475 4,299 96,380 (19,027) (40,278) 2,151,833 2,111,555 |
31/12/19 Total funds £ 82,839 21,540 |
|---|---|---|
| 104,379 3,759 78,100 4,179 |
||
| 86,038 160,701 |
||
| 179,042 1,972,791 |
||
| 2,151,833 |
The notes form part of these financial statements
Page 5
The William Dean Countryside and Educational Trust
Balance Sheet
31st December 2020
| Notes FIXED ASSETS Investments Investments 8 Investment property 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
31/12/20 Unrestricted fund £ 1,295,565 780,000 2,075,565 37,790 (1,800) 35,990 2,111,555 2,111,555 2,111,555 2,111,555 |
31/12/19 Total funds £ 1,318,033 780,000 2,098,033 55,599 (1,799) 53,800 2,151,833 2,151,833 2,151,833 2,151,833 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
J E Ward - Trustee
The notes form part of these financial statements
Page 6
The William Dean Countryside and Educational Trust
Notes to the Financial Statements
for the Year Ended 31st December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going Concern
The Trustees have considered the potential impact of COVID-19 on the principal activities of the charity and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, the trustee's continue to adopt the going concern basis of accounting in preparing the financial statements.
There are no material uncertainties about the charity's ability to continue.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
The last valuation was carried out by J E Ward a trustee of the trust on 21 October 2019, by estimating the current market value of the property.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Grants
Grants represent those monies donated to registered charities or for charitable purpose of any organisation in the furtherance of the objects of the charity.
continued...
Page 7
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31/12/20 | 31/12/19 | ||
| £ | £ | ||
| Rents received | 39,550 | 39,550 | |
| Deposit account interest | 20 | 44 | |
| Investment dividends and interest | 35,559 | 43,245 | |
| 75,129 | 82,839 | ||
| 3. | RAISING FUNDS | ||
| Investment management costs | |||
| 31/12/20 | 31/12/19 | ||
| £ | £ | ||
| Portfolio management | 3,606 | 3,759 | |
| 4. | GRANTS PAYABLE | ||
| 31/12/20 | 31/12/19 | ||
| £ | £ | ||
| Grants | 88,475 | 78,100 |
continued...
Page 8
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
4. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
| GRANTS PAYABLE - continued The total grants paid to institutions during the year was as follows: |
||
|---|---|---|
| 31/12/20 | 31/12/19 | |
| £ | £ | |
| Amphibian & Reptile Conservation Trust | 500 | 500 |
| Astbury May Day Committee | - | 500 |
| Astbury Mere Trust | 1,500 | 6,000 |
| Astbury Primary School | 2,000 | 1,000 |
| Barlow Hall Primary School | 1,000 | - |
| The Barn Owl Trust | - | 250 |
| Bat Conservation Trust | 250 | 250 |
| Black Firs Primary | 2,000 | - |
| Bounce Back Food CIC | 2,000 | - |
| Branching Out Tree Services | - | 2,000 |
| Brogdale Collections | 500 | - |
| Buglawton in Bloom | 250 | 250 |
| Buglawton Primary School | 2,000 | - |
| Bumblebee Conservation Trust | 1,000 | - |
| Butterfly Conservation | 500 | 300 |
| Buxton Civil Association | 500 | - |
| Cheshire Beekeepers' Association | - | 500 |
| Cheshire Wildlife Trust | - | 16,000 |
| Chester Zoo | 2,000 | 1,000 |
| Children's Adventure Farm Trust | - | 1,800 |
| Chilterns Conservation Board | - | 1,700 |
| The Christie Charitable Fund | 25,000 | - |
| Church Pastoral Aid Society | 1,000 | 1,000 |
| Clean Rivers Trust | 250 | 250 |
| Climbing Out | 750 | 500 |
| Community Invasive Non Native Species Group | 250 | - |
| Congleton Building Preservation Trust | 1,500 | 3,500 |
| Congleton Community Projects | 2,000 | 2,000 |
| Congleton Sustainability Group | 850 | 2,950 |
| Congleton Town Council | - | 6,000 |
| The Countryside Restoration Trust | 250 | - |
| Cuan Wildlife Rescue | 500 | 500 |
| Dane Valley Community Energy | 2,000 | - |
| Daven Primary School | 2,000 | - |
| Derbyshire Wildlife Trust | 1,000 | - |
| Donkey Sanctuary | 100 | 200 |
| Durrell Wildlife Conservation Trust | 150 | - |
| Earth Trust | 500 | 1,500 |
| Earthworm Institute | - | 500 |
| Eaton Bank Academy | 2,000 | - |
| Endangered Species Protection Agency | 500 | - |
| Food 4 Macc | 1,500 | 1,000 |
| Framework | 1,000 | 1,000 |
| Freshfields Animal Rescue | 1,000 | 500 |
| Future Trees Trust | 500 | 1,000 |
| Game & Wildlife Conservation Trust | 1,500 | - |
| The Grab Trust | 250 | - |
| Growing Well | 750 | 1,000 |
| Harper Asprey Wildlife Rescue | 350 | 550 |
| Havannah County Primary School | 1,100 | - |
| Inland Waterway Association | 500 | 500 |
| Kingswood Trust | 600 | 500 |
| Lake District Foundation | 750 | - |
continued...
Page 9
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
| 4. GRANTS PAYABLE - continued Lancs, Manchester & Merseyside Wildlife Trust Leaf Education Lower Moss Wood Animal Hospital Magdalene Environmental Trust Marine Conservation Society Marlfields Primary School Newbold Astbury cum Moreton Parish Council New Life Church North Wales Wildlife Trust Nottinghamshire Wildlife Trust Open University Donations Account Pawprints Plant Heritage Prickles Hedgehog Rescue The Rossendale Trust Rotary Congleton Royal Academy of Performing Arts Royal Forrestry Society RSPB Ruskin Mill Trust Save Me Trust Scottish Seabird Centre Sheffield & Rotherham Wildlife Trust Shropshire Barn Owl Trust The Soil Association Somerford Parish Council South Downs National Park Trust Species Recovery Trust Springhead Trust St. Mary's Catholic Primary School - Congleton St. Mary's Catholic Primary School - Levenshulme St. Mary's Church Astbury Strongbones Children's CharitableTrust Staffordshire Wildlife Trust - Wildplay Thrive Twycross Zoo Vauxhall City Farm Wheely Boat Trust Whirlow Hall Farm Trust Wilderness Foundation UK The Willoughbridge Garden Trust |
400 - 3,000 - 1,000 1,900 1,000 1,000 - - - - 500 250 - 500 - - 500 1,500 - 500 1,000 - 500 - - - - 2,000 - 1,500 500 - - 500 1,000 - 1,000 500 1,025 87,975 |
- 500 - 1,000 - 150 200 - 1,000 500 1,000 500 500 250 750 - 1,250 500 - - 500 500 1,000 500 - 2,000 500 500 1,000 - 500 - 1,000 500 500 - 1,000 2,000 1,000 - - |
|---|---|---|
| 78,100 |
continued...
Page 10
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
5. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Other resources expended | 2,397 | 102 | 1,800 | 4,299 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| VOLUNTARY INCOME FROM Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities Grants Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 82,839 21,540 |
|---|---|
| 104,379 3,759 78,100 4,179 |
|
| 86,038 160,701 |
|
| 179,042 1,972,791 |
|
| 2,151,833 |
continued...
Page 11
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1st January 2020 Disposals Listed investments net unrealised gains At 31st December 2020 NET BOOK VALUE At 31st December 2020 At 31st December 2019 Investment assets consist of: 31/12/20 31/12/19 UK 100% 100% |
Listed investments £ 1,318,033 (3,441) (19,027) 1,295,565 1,295,565 1,318,033 |
|---|---|
Valuation of Investments
Investments are included at their market values which are determined as follows:
UK listed securities and foreign securities quoted on a recognised stock exchange are stated at mid-market values ruling at 31st December 2020.
9. INVESTMENT PROPERTY
| FAIR VALUE At 1st January 2020 and 31st December 2020 NET BOOK VALUE At 31st December 2020 At 31st December 2019 |
£ 780,000 |
|---|---|
| 780,000 | |
| 780,000 |
continued...
Page 12
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS At 1/1/20 £ Unrestricted funds General fund 2,151,833 TOTAL FUNDS 2,151,833 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 75,129 (96,380) TOTAL FUNDS 75,129 (96,380) Comparatives for movement in funds At 1/1/19 £ Unrestricted funds General fund 1,972,791 TOTAL FUNDS 1,972,791 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 104,379 (86,038) TOTAL FUNDS 104,379 (86,038) |
31/12/20 £ 1,800 Net movement in funds £ (40,278) (40,278) Gains and losses £ (19,027) (19,027) Net movement in funds £ 179,042 179,042 Gains and losses £ 160,701 160,701 |
31/12/19 £ 1,799 At 31/12/20 £ 2,111,555 2,111,555 Movement in funds £ (40,278) (40,278) At 31/12/19 £ 2,151,833 2,151,833 Movement in funds £ 179,042 179,042 |
|
|---|---|---|---|
continued...
Page 13
The William Dean Countryside and Educational Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/1/19 £ 1,972,791 1,972,791 |
Net movement in funds £ 138,764 138,764 |
At 31/12/20 £ 2,111,555 |
|---|---|---|---|
| 2,111,555 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 179,508 | (182,418) | 141,674 | 138,764 |
| TOTAL FUNDS | 179,508 | (182,418) | 141,674 | 138,764 |
12. RELATED PARTY DISCLOSURES
One of the trustees J E Ward is a partner of E Ward & Son a tenant which rents land from the William Dean Trust; the tenancy agreement was negotiated at arms length advised by an independent qualified valuer acting in the interests of the charity. The tenancy agreement is reviewed regularly on the same commercial basis as other tenancy agreements the trust holds.
Page 14
The William Dean Countryside and Educational Trust
Detailed Statement of Financial Activities for the Year Ended 31st December 2020
| 31/12/20 | 31/12/19 | |
|---|---|---|
| £ | £ | |
| VOLUNTARY INCOME | ||
| Investment income | ||
| Rents received | 39,550 | 39,550 |
| Deposit account interest | 20 | 44 |
| Investment dividends and interest | 35,559 | 43,245 |
| 75,129 | 82,839 | |
| Other income | ||
| Portfolio management refund | - | 21,540 |
| Total incoming resources | 75,129 | 104,379 |
| EXPENDITURE | ||
| Investment management costs | ||
| Portfolio management | 3,606 | 3,759 |
| Charitable activities | ||
| Grants to institutions | 88,475 | 78,100 |
| Support costs | ||
| Management | ||
| Postage and stationery | 397 | 108 |
| Sundries | 2,000 | 2,255 |
| 2,397 | 2,363 | |
| Finance | ||
| Bank charges | 102 | 16 |
| Governance costs | ||
| Accountancy | 1,800 | 1,800 |
| Total resources expended | 96,380 | 86,038 |
| Net (expenditure)/income | (21,251) | 18,341 |
This page does not form part of the statutory financial statements
Page 15