| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | ||
| Trustees' Report |
2-14 | ||
| Independent Examiner's |
Report | 15 | |
| Statement of Financial | Activities | 16 | |
| Balance Sheet | 17 | ||
| Notes to the Financial Statements | 18-31 |
| Trustees | Mr C Duckworth OBE(Deceased 15 November |
Mr C Duckworth OBE(Deceased 15 November |
Mr C Duckworth OBE(Deceased 15 November |
Mr C Duckworth OBE(Deceased 15 November |
2020) | ||
|---|---|---|---|---|---|---|---|
| Mrs SE Duckworth | |||||||
| Mrs S L Brook (Resigned 25 | February 2020) | ||||||
| Miss JS Duckworth | |||||||
| Mr Paul Bowman (appointed | 28 | February 2021) | |||||
| Mrs Diana Crabtree (appointed | 28 February 2021) | ||||||
| Mr Matthew Jenkins (appointed | 28 February 2021) | ||||||
| Mr Benjamin Lewing |
(appointed | 28 February 2021) | |||||
| Mr Timothy Rolph (appointed |
28 February 2021) | ||||||
| Mr Michael Webb (appointed | 28 February 2021) | ||||||
| Mrs Rebecca White (appointed | 28 February 2021) | ||||||
| Company | registered | ||||||
| number | 03568095 | ||||||
| Charity registered | |||||||
| number | 1074469 | ||||||
| Registered | office | 1-3College Yard | |||||
| Worcester | |||||||
| Worcestershire | |||||||
| WR1 2LB | |||||||
| Independent | Examiners | Bishop Fleming LLP |
|||||
| Chartered Accountants |
|||||||
| 1-3College Yard | |||||||
| Worcester | |||||||
| WR1 2LB | |||||||
| Bankers | National Westminster |
Sank pic | |||||
| 1 The Cross | |||||||
| Worcester | |||||||
| WR1 3PR | |||||||
| Solicitors | Hallmark Hulme LLP |
||||||
| 3, 4 8 5Sansome Place | |||||||
| Worcester | |||||||
| WR1 1UQ | |||||||
| Investment | advisors | StJames' Place | |||||
| Home Farm Stables | |||||||
| The Berkswell Estate | |||||||
| Meriden Road |
|||||||
| Berkswell | |||||||
| CV7 7SL |
| Endowment | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2020 f |
2020 F |
2020 E |
2019 | ||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations and legacies |
124,362 | 124,362 | 200,573 | |||
| Charitable activities |
214,069 | 214,069 | 240,398 | |||
| Investments | 5,541 | 5,541 | 33,334 | |||
| TOTAL INCOME AND ENDOWMENTS | 343,972 | 343,972 | 474,305 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
494,946 | 494,946 | 543,124 | |||
| TOTAL EXPENDITURE | 494,946 | 494,946 | 543,124 | |||
| NET EXPENDITURE BEFORE NET | ||||||
| (LOSSES)/GAINS ON |
||||||
| INVESTMENTS | (150,974) | (150,974) | (68,819) | |||
| Net (losses)/gains on investments |
(12,000) | (12,000) | 22,727 | |||
| NET MOVEMENT IN FUNDS |
(162,974) | (162,974) | (46,092) | |||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
88,280 | 937,085 | 1,025,365 | 1,071,457 | ||
| Net movement in funds |
(162,974) | (162,974) | (46,092) | |||
| TOTAL FUNDS CARRIED FORWARD | 88,280 | 774,111 | 862,391 | 1,025,365 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | ||||
| FIXEDASSETS | ||||
| Tangible assets | 9 | 183,501 | 199,190 | |
| Investments | 10 | 414,383 | 700,383 | |
| 597,884 | 899,573 | |||
| CURRENT ASSETS | ||||
| Stocks | 11 | 4,080 | 3,229 | |
| Debtors | 12 | 228,121 | 135,619 | |
| Cash at bank and | in hand | 57,711 | 13,306 | |
| 289,912 | 152,154 | |||
| Creditors: amounts | falling due within one | |||
| year | 13 | (25,405) | (26,362) | |
| NET CURRENT ASSETS | 264,507 | 125,792 | ||
| TOTAL ASSETS LESSCURRENT | ||||
| LIABILITIES | 862,391 | 1,025,365 | ||
| TOTAL NET ASSETS | 862,391 | 1,025,365 | ||
| CHARITY FUNDS | ||||
| Endowment funds |
15 | 88,280 | 88,280 | |
| Unrestricted funds |
15 | 774,111 | 937,085 | |
| TOTAL FUNDS | 862,391 | 1,025,365 |
| Freehold land |
- Not Depreciated |
|---|---|
| Leasehold Property |
- Over the period ofthe lease |
| Motor Vehicles | - 20% straight line |
| Fixtures 8 Fittings | - 20% straight line |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| F | ||||
| Donations | 41,423 | 41,423 | 200,573 | |
| Government | grants | 82,939 | 82,939 | |
| 124,362 | 124,362 | 200,573 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020f | 2020 E |
2019 | |||
| Activities for generating | funds | 214,069 | 214,069 | 240,398 | |
| 5. | INVESTMENT INCOME | ||||
| Unrestricted | Total | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2019 | |||
| E | |||||
| Rental income | 5,541 | 5,541 | 19,325 | ||
| Income from listed investments | 5,773 | ||||
| Bank and other interest | receivable | 8,236 | |||
| 5,541 | 5,541 | 33,334 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2020 | 2020 | 2020 | 2019 | |
| E | E | E | ||
| Direct costs | 378,857 | 378,857 | 436,413 | |
| Support costs | 116,089 | 116,089 | 106,711 | |
| 378,857 | 116,089 | 494,946 | 543,124 |
| Total | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2020 | 2019 | ||||
| E | |||||
| Staff costs | 303,840 | 308,738 | |||
| Grants payable | 500 | ||||
| Activities | undertaken | directly | 1,293 | 42,827 | |
| Postage | and | stationery | 455 | 924 | |
| Sundry | 85 | 90 | |||
| Stock purchased | 56,752 | 70,766 | |||
| Closing | stock | 4,080 | 3,229 | ||
| Governance | costs | 11,852 | 9,839 | ||
| 378,857 | 436,413 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020f | 2019 E |
||
| Depreciation | 33,510 | 33,256 | |
| IT expenditure | 5,372 | 3,157 | |
| Postage and stationery | 1,805 | 1,616 | |
| Repairs and renewals | 1,659 | 15 | |
| Professional fees | 9,432 | 5,962 | |
| Telephone | 5,465 | 4,644 | |
| Insurance | 12„051 | 11,073 | |
| Sundry | 14,810 | 18,856 | |
| Rent and rates | 17,965 | 18,500 | |
| Marketing | 1,031 | 842 | |
| Security and maintenance | 559 | 755 | |
| Transport and vehicle costs |
3,202 | 4,535 | |
| Bank charges | 9,127 | 3,500 | |
| 116,089 | 106,711 | ||
| 7. | STAFF COSTS | ||
| 2020 | 2019 | ||
| E | F | ||
| Wages and salaries | 277,606 | 282,013 | |
| Social security costs | 15,902 | 16,306 | |
| Other pension costs | 10,332 | 10,419 | |
| 303,840 | 308,738 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Environmental | Wardens | 1 | 2 | ||
| Management | and Administration | 9 | 17 | ||
| Duckworth | Worcestershire | Trust | 11 | 7 | |
| 21 | 26 |
| Freehold | Leasehold | Motor | Fixtures & | ||
|---|---|---|---|---|---|
| land f |
Property f |
Vehicles f |
Fittings f |
Totalf | |
| COST OR VALUATION | |||||
| At 1 June 2019 | 88,281 | 444,177 | 20,516 | 118,943 | 671,917 |
| Additions | 12,294 | 5,627 | 17,921 | ||
| Disposals | (7,450) | (7,450) | |||
| At 31 May 2020 | 88,281 | 444,177 | 25,360 | 124,570 | 682,388 |
| DEPRECIATION | |||||
| At 1 June 2019 | 371,069 | 20,516 | 81,142 | 472,727 | |
| Charge for the year | 20,889 | 2,459 | 10,262 | 33,610 | |
| On disposals | (7,450) | (7,450) | |||
| At 31 May 2020 | 391,958 | 15,525 | 91,404 | 498,887 | |
| NET BOOK VALUE | |||||
| At 31 May 2020 | 88,281 | 52,219 | 9,835 | 33,166 | 183,501 |
| At 31 May 2019 | 88,281 | 73,108 | 37,801 | 199,190 |
| Listed | |
|---|---|
| Investmentsf | |
| COST OR VALUATION | |
| At1 June2019 | 700,383 |
| Disposals | (274,000) |
| Revaluations | (12,000) |
| AT 31 MAY 2020 | 414,383 |
| NET BOOK VALUE | |
| AT 31 MAY 2020 | 414,383 |
| AT 31 MAY 2019 | 700,383 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| f. | |||||||
| Finished goods and goods | for | resale | 4,080 | 3,229 | |||
| 12. | DEBTORS | ||||||
| 2020 | 2019 | ||||||
| E | |||||||
| DUE WITHIN ONE YEAR | |||||||
| Trade debtors | 127 | 9,413 | |||||
| Amounts owed by participating |
interests | 75,000 | |||||
| Other debtors | 35,716 | 7,023 | |||||
| Prepayments and accrued |
income | 117,278 | 119,183 | ||||
| 228,121 | 135,619 | ||||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2020 | 2019 | ||||||
| E | E | ||||||
| Trade creditors | 20,364 | 21,371 | |||||
| Accruals and deferred | income | 5,041 | 4,991 | ||||
| 25,405 | 26,362 | ||||||
| 14. | FINANCIAL INSTRUMENTS | ||||||
| 2020 | 2019 | ||||||
| E | E | ||||||
| FINANCIAL ASSETS | |||||||
| Financial assets measured | at fair value through | income and expenditure | 57,711 | 13,306 |
| STATEMENT OF FUNDS -C | URRENT YEAR | ||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | |||
| June 2019 E |
Income f |
Expenditure | (Losses) f |
31 May 2020 E |
|
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| Designated Funds - all funds |
155,186 | 155,186 | |||
| GENERAL FUNDS | |||||
| General Funds | 781,899 | 343,972 | (494,946) | (12,000) | 618,925 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 937„085 | 343,972 | (494,946) | (12,000) | 774,111 |
| ENDOWMENT FUNDS |
|||||
| Endowment Funds - all funds |
88,280 | 88,280 | |||
| TOTAL OF FUNDS | 1,025,365 | 343,972 | (494,946) | (12,000) | 862,391 |
| STATEMENT OF | FUNDS -PRIO | R YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | Balance at | |||
| 1 June 2018 | Income | Expenditure | in/out | (Losses) | 31 May 2019 | |
| E | F | F | F | E | ||
| UNRESTRICTE | ||||||
| D FUNDS | ||||||
| DESIGNATED | ||||||
| FUNDS | ||||||
| Designated | ||||||
| Funds | 155,186 | 155,186 | ||||
| GENERAL | ||||||
| FUNDS | ||||||
| General Funds | 327,991 | 474,305 | (543,124) | 500,000 | 22,727 | 781,899 |
| TOTAL | ||||||
| UNRESTRICT | ||||||
| ED FUNDS | 483,177 | 474,305 | (543,124) | 500,000 | 22,727 | 937,085 |
| ENDOWMENT | ||||||
| FUNDS | ||||||
| Endowment | ||||||
| Fund | 588,280 | (500,000) | 88,280 | |||
| TOTAL OF | ||||||
| FUNDS | 1,071,457 | 474,305 | (543,124) | 22,727 | 1,025,365 |
| SUMMARY | OF FUNDS | - CURRENT YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | ||||
| June 2019 | Income | Expenditure | (Losses) | 31 May 2020 | ||
| F | F | |||||
| Designated | funds | 155,186 | 155,186 | |||
| General funds | 781,899 | 343,972 | (494,946) | (12,000) | 618,925 | |
| Endowment | funds | 88,280 | 88,280 | |||
| 1,025,365 | 343,972 | (494,946) | (12,000) | 862,391 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| 1 June 2019 | Transfers | Gains/ | Balance at | |||
| Income | Expenditure | in/out | (Losses) | 31 May 2019 | ||
| E | E | |||||
| Designated | ||||||
| funds | 155,186 | 155,186 | ||||
| General funds | 327,991 | 474,305 | (543,124) | 500,000 | 22,727 | 781,899 |
| Endowment | ||||||
| funds | 588,280 | (500,000) | 88,280 | |||
| 1,071,457 | 474,305 | (543,124) | 22,727 | 1,025,365 |
| ANALYSIS OF NET ASSETS BETWEEN FU | NDS -CURRENT PERIOD | ||
|---|---|---|---|
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2020 | 2020f | 2020 F |
|
| Tangible fixed assets | 88,280 | 95,221 | 183,501 |
| Fixed asset investments | 414,383 | 414,383 | |
| Current assets | 289,912 | 289,912 | |
| Creditors due within one year | (25,405) | (25,405) | |
| TOTAL | 88,280 | 774,111 | 862,391 |
| Endowment | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2019 | 2019 | 2019 | ||
| F | E | E | ||
| Tangible | fixed assets | 88,280 | 110,910 | 199,190 |
| Fixed asset investments | 700,383 | 700,383 | ||
| Current | assets | 152,154 | 152,154 | |
| Creditors | due within one year | (26,362) | (26,362) | |
| TOTAL | 88,280 | 937,085 | 1,025,365 |