Registered number: 03S68095 Charlty number: 1074469 THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ? Bishop Fleming
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUAIIANTEE} CONTENTS Page Refergnce and administrative detslls of the company* its Trustees and advlsers Trustees. report 2-11 Independent examinerfs report 12 Statement of flnancial actlvities 13 Balance sheet 14 Notes to the financial statements 15-27
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY UMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2021 Trustees Mrs B E Duckworth Miss J S Duckworth Mr P Bowman lappoinled 28 February 20211 Mrs D Crabtree lappointed 28 February 2021} Mr M Jenkins {appoinled 28 February 2021) Mr B Lewng (appointed 28 February 20211 Mr T Rolph (appointed 28 February 20211 Mr M Webb lappoinled 28 February 20211 Mis R Whf(e {appoinled 28 February 20211 Company reglstered number 03568095 Charity re9lStgred number 1074469 Reglstered offl¢e 1-3 College Yard WorSter Worcestershire VVR12LB Independent Examiners Bishop Fleming LLP Chartered Accounlanls 1-3 College Yard Worcester WR12LB Bankers National Westrninsler Bank plc 1 The Cross Worcester WR1 3PR Sollcitors Hallmark Hulffle LLP 3, 4 & 5 Sansome Place Worcester WR11UQ Investment advisors st James. Place Home Farm Stables Thg BeTkswell Eslale Meriden Road Berkswell CV7 7SL Page 1
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2021 The Trustees present their annual report together with the financial statements of the The Duckworth Worcestershire Trust for the 1 June 2020 10 31 May 2021. The Annual Report serves the purposes of both a Trustees. report and a direclor5' report under company law. The Trustees confim that the Annual Report and financial statements ol the charitable company Comply wlh the current slalulory requirements, the requirements of the charitable companls governing document and the provisions of the Siatemenl of Recommended Practice (SORPI applicable lo charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. sin the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Comp8nies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. 11 would not be right lo produce this yearfs Tiuslee's report, coveiing the period of June 2019 to May 2020, without mentioning my falhor Cecil, who sadty passed away in November 2020, a few short months ago, at the lime of writing. There was a huge local rèsponse lo his passing with several articles in the Worcester News bul our family favourite headline has been, 'A Statue for Cecill, This Is something that surely would have me him chuckle, along with the special committee that was sel up lo develop plans lo commemorate his ILfe. They came up with 48 suggestions vthich included an annual Du¢kworth Day and even a Duckworth Beerl The Pump House Cafe wanted to commemorated Ceal in their Menu and as Dad last suggestion was hol dogs. they thought about 'Duckworth Dogs.. All this has led me lo imaging a luture when the people of Worcester are going to eat hotdogs, drink beer on an annual Duckworth Day- and so, we can be sure that Cecil legacies are going to lake some deliyhlful turns. Prior lo Dad's death we talked about the Duckworth w0$tershI1e Trust, Covid 19 and of the damage caused by climate change. Dad hoped that we could continuè lo play a part in protecting Ihe envifonment and raising awareness to all that came into coniacl with the DWT. Although Dad's passion started with litter collection, where he and Beatrice would go for weekend walks and pick up litter, he was delighled by the work of WRE, the Cafe, the Rangers and all the activities and pursuits of the Pump House and knowing this work would continue was irnportant to him. In this spirit and with the support of the new IrLtslees I feel like we Can move forward and continue what he started. Jilly Duckworth Chair ijw frLt(LLU kw8GIQ ?G2? ' Page 2
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OBJECTIVES AND ACTMTIES . POLICIES AND OBJECTIVES The principal activities of the Charity are lo promote.. The preseallon, protection and improvement of the natural and built environment of the County of Worcestershire Good cittzenship among persons resident in the County of Worcestershire who by reason of their social or economic circumstances are in need and who are unemployed or subject lo a community seryice order. In setting objectives and planning for actiV7ties, the Trustees have given due eonsideralion lo general guidance published by the Charity Commission relating to public benefrt, including Ihe guidance 'Public benefit.. running a ¢harity {PB2}'. b. SUMMARY 2020 to 2021 was dominated by Comd 19. through business Closures and restricted openirgs, stsff fyrlough and personal restrictions. Whilst income diminished across the board, the need for some services increased, such as littef picking equipment loans. Dwf experienced another year of incieased regislraltons of active volunteer litter wardens with the Volunteer Litter Warden Scheme. other areas of the Trust, SLFch as management of Chapter Meadows and the Pump House had to conlinue, although there were 8t least some respites and no flooding this year. 11 also allowed time to attempt lo tackle building issues wi(h both WRE and the Pump House. Unfortunately. in the case of WRE, some of these issues have taken a long lime lo try lo resofve and are still ongoing, which has forced WRE'S closuie for the time being. During the period of subsequent lockdowns and the closure of projects the Trust wa8 SLtpported by an increase in micro volunteering and on-site conservation volunteering. Overall. there we 8,998 hours given by volunteers in support of DVVT aeross the whole organisalion. A major change this year has been the appointment of new Trustees at the end of February 2021. The now Trustees spent the last quarter familiarising themselves with the staff and the various business within the Trust. Al the end of the year, there were 9 permanent staff and 5 non-pemianenl staff in post in Dwf and 7 pemianent staff in WRE. and WRE would like lo thank the businesses, organisalions, customers and WRE members who maintain support and share the Twsl'5 Wsion and enthusiasm for promoting environmental issues and creative reLS$. Page 3
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021 OBJECTIVES AND ACTIVITIES ICONTINUEDI ¢. YEAR AT A GLANCE June 2020 Preparing for staff and public return th introduction of Cowd measures committee- Livestock fencing on Chapter Meadows. Worcester Repair Café steering July BBC H&W live radio inleryiews about lockdown litter and promotion of DWT Volunteer Litter Warden Scheme ? Pumphouse grounds maintenance. Chapter Meadows - windblown tree clearing. trough repair, livestock fencing repair, new gale fitted - Preparation of pumphouse fallen cedar tree into materials for Nunnery Wood School sealing project. August BBC H&W live radio inleNiew about lockdown litteT, lake out litter and petition for car registration numbers lo be printed on drive through packaging - Repair Café Worcester IRCWI steering group - Nunnery Wood Forest School sealing ¢realion - Volunteer brash buming task on Chapter Meadow5- Catue corral repairs- Pumphouse pencil fencing replaced with volunteer help, new storage compound created. Septèmber Baseline biodiversity survey of wldlife garden Take Pride subsidised 90 Hi Viz jackets and 15 litter pickers for Volunteer Litter Warden Scheme RCW steering group meeting Chapter Meadows scrub clearance Pumphouse front garden cleared. mulched, planted with chamomile- Diglis Island clearance project with Canals & Rivers frust and volunteers- Apex Park scrub and access clearance. October Worcester Festival Committee meeting Trustee recruitment Willow pollarding with volunteers at Chapter Meadows and preparations for donations Meeting wl Bransford Trust lo discuss partnership working opportunities- Hazel fencing course for volunteers al Abberley Woods. November Joint volunteer task with Worcester Environment Group al Aconbury Orchard - Chapter Meadows scrub management. December Tree planting event al Nunnery Wood School - Delivery of hedge laying course al Diglis for Canal and River Trust staff and volunteers. January 2021 Apex Park scrub clearan. February Grow Gheluvell biodiversity initiatNe with Gheluvell Friends and Barboume in Bloom lo ptanl spring bulbs in the formal part of Gheluvett Park - Earth Day 2021 Live event al The Cube, Malvern - Chapter Meadows fen and 8ccess repairs. March Repair Café Worcester AGM Meeting at a local farm regarding establishment of a community horticulturelcare fami projed. April Post-flood clearance and livestock fencing with new grazier on Chapter Meadows. May Keep Britain Tidy's Great British Spfing Clean Nunnery Wood School story circle sealing created - Stock fencing repairs on Chapter Meadows - Apex Park access works - Stoke Prior First School forest school area created - New Trustee5 & staff introduction and strategy meetings. Page 4
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARAbrrEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OBJECTIVES AND ACTIVITIES ICONTINUEDI d. REVIEW OF ACTIVITIES PUMP HOUSE ENVIRONMENT CENTRE The Pump House Environment Centre has been open to the public as an environmental centre and meeting venue since 2004. Originally set up lo house rnulliple organisations, all with an env¢ronmenlal training rnIt, only The DLfckworth Worceslershiro Trust now remains. The use of the centre has evolved organically, and il is now a popular venue for families and community groups. 11 is home to the eco cafe and shop, selling environmental and ethically traded products, il also aims to educate and raise awareness of wider environmental issues. Stock for the café continues lo be ordered from our Tegular suppliers.. Essentials c¢Joperative providir>9 vegetarian wholefoods and ethically based products. Local Worcester based suppliers VVorce51er Produce, for fruit. vegetable and some catering ingredients.. Ma Bakers, for breads., Bennells Fami for ice cream,. Narraway's butchers for meat and eggs. Elsewhere Blakemore a regional supplier that supports small businesses,. Tyrells, a regional snack supplier." Radnor Hills, offering 80ft drinks. And Bookers wholesale for all other stock requirement5. Comd and the as50cialed lockdc)wns and takeaway 8eNice onty, understandably had a huge impact on the Pump House this year, though when open visitors were pleased to support the business. Thankfully. all staff retained their positions throughout lockdown, wrth assistance from the Government's Coronamnjs Job Retention Scheme. The mgeting remained dosed for the entire yearwith a few payTnenls trickling throLEgh from the previous year bul uEtimalely, no income was derived frorn room hire this year. Volunteer participation was also Cancelled throughout the Pump House. Taking into account fuTlough and gran18, the Pump House stsll lost about £22,000. The 'Love Our Park, A board for a '2minutebeachclean' ste park litter pick retumed once the café reopened in April 2021 for visf(ors lo temporarily borrow equipment whilst visiting the park in order to ra15e litter awareness. For cOd safety a hand sanitiser was installed. The Pump House continues lo be a public drop off point for the Terracle UK KP crisp and snack waste stream sending 81 Kg of crssps lo be recycled with Terracycle UK up lo June 2021. SONS OF REST KIOSK. GHELUVELT PARK 2020-2021 was a poor year for the kiosk and this cannot be down lo Covid cloSus. In fact, the kiosk could have been permitted lo ITade under reslriclions for many months rt was closed bul these are months in low season, where foottall is low. 11 was open for the majority of holidays bul a combination of Staffing drfficullies, fear of Covid, poor weather and closufes of the 5plashpad all contributed to a SI year. Al the end of the financial year, the new trustees were debating whether to keep the projèct on. CHAPTER MEADOWS The COWtP19 pandemic continued lo significantly impact Ranger aetiwlies throughout the 2020121 reporting period, wrth the Trust's sole ranger accounting for the 226 hours of staff wot1( on Chapter Meadows. which is approximately 500k of the lime dedicated to the site's management in the year prior lo the emergence of the virus. when the team numbe two Rangers. After a hiatus due lo social distancing requirernenls, the conseivation volunteers retumed lo contribe 132 hours of labour through scrub burning, brash chipping, and pollarding of the veterari willows, which remain as a legacy of historical withy beds on the meadows, whereby the cuttings were utilised for basketry and hurdle making. Page 5
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OWECTIVES AND ACTIVITIES ICONTINUEDI Further tasks on the mead¢)ws include<l clearance of flood debris. livestock fencing repairs and access improvements in the form of new gates. A newly 8ppoinled grazier assi51ed with inslallalion of fencing, lending the use of a tractor 8nd post driver. both satisfying his obligations under our new contractual grazing agreernenl, and demonslraling a commitment lo a fine working partnership. Chapter Meadows was again entered into an Environmental Stewardship agreement for the 2020121 period. and while significant Changes are being Implemented to the funding scheme at cential govemment level. our agreements are currently extended annually throughout the transition. The future direction of the sile's management, and DWT'S involvement in Ils delivery, will diclale whether ntInued participation in a stewardship agreement remains in the besl interests of the meadt)ws or the Trust. In 2021, Dwf'5 Ranger was successful in a bill for More Woods funding, consliluling Woodland Tfust 1000/0 grant funding for a wel woodland pilot planting scheme on Chapter Meadows. The 0.5ha woodland creation proje¢l is earmarked for delivery during the November 2022 - March 2023 planting season and will provide a case study for valuable research in the fields of IDcal biodiversity gain and flood attenuation. while providing opportunities lo the Trust for public engagement and profile building. ENVIRONMENTAL IiANGER TEAM The Trust's sole Ranger continued management of the Pumphouse grounds and wildlife garden. the Local Nature Reserve and Special Wildlife Stte al Chapter Meadows, and the 'pockel' nature reserve al Apex Park. Volunteers assisted with a contribution of 286 hours in total, providing vital help when lone working wa5 not an option. The government furlough scheme supplemented oui Ranger aclimlies this past year, allowing clDse contact to be limited where appropriate and flexible working to be employed lo deliver important functions as necessary. GOVID reslriclions did not preclude DWT'S support for community inilialives, nor did il delracl from our strong links wth s¢hoo15 across the county. DWT supported a tree planting event and created three new forest school areas with seating for go children for Nunnery Wood Primary School, uiilising timber from the fallen Iconic cedar tree which once stood beside the Pump House. Inspired by the project, Stoke Prior School contracted our ranger lo replicate one of the seating areas and fire pts w¢thin its own grounds. Invdvemenl with the Canal Corridor Group continued, with DWT'S ranger and several volunteers planting local varieties of fruit trees along lowpalhs, from Lansdowne Park to the Arboretum. These trees constitute the beginning of a mu¢h wider planting project pfanned by the Canal & River Trust {CRTI and our Ranger further supported CRT'S walernay improvement goals. by running volunteer conservation task5 on Diglis Island and delivering hedge laying couises for the organisation's staff and volunteers. As well as strengthening existing partnerships, new bonds were fomied with the Worcester Environment Group, th volunteer gfOUPS joining forces to restore orchards al Aconbury. A meeting al Haye Farm al Ribbenhall to view proposed community horticulture land, secured support in principle for potential fuluie Dwf prqecls. while a sile visit with Link Nurseries in Wor¢est6r, also identified the potential for their horticulture scheme participants lo progress lo volunteer placements wlh DWT. At the lime of writing, the departure of our Ranger in Odober 2021 brings a temporary cessation to DWT'S Conservation work.. however. there remain5 great public support for DWT'S mission. strength in reputatron, and a need throughout the communities of Worcestershire for the continued conservation. protection and enhanment of our environment. 4 core volunteers, donating 189 hours of volunteering support lo sile management and community projects. Page 6
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OBJECTIVES AND ACTIVITIES (CONTINUED} WORCESTERSHIRE RESOURCE EXCHANGE (WRE} 2020 -2021 has been a difficult year with Ifading restricted heavily. When Covid-19 reslriclion5 were lifted i July, the WRE scrap store was able lo reopen to the public for a short lime. A reduced number of member5 returned, with school memberships very low. General trade was down considerably in this lime. The scrap store was required to close during the month of November as instructed by the Govemmenl, being classed as non-essential retail and reopened for a few weeks in December. Once a9ain WRE closed due lo Covid restriction from the beginning of JanLtary and stsff were furloughed, wrth minimal hours worked by the manager who was partially furloughed. Online liade tonlinued throughout this time and the online shop range was expanded. WRE maintained an online presence during the closures and produced short crafting videos to share on Social media. P8rtneTshi Bromsgrove C8fnNal shopping trolleys are sllll on loan to WRE and Worcestershire County Council continues lo lend a van. Staff One member of staff left and was replaced with a Creative Projects officer. another retired. 1 processing volunteer continued to work from home during lockdowns and WRE closure and gave 107.5 hours to SUPPOrt WRE project. VOLUNTEER cORDINATIoN AND COMMUNITY ACTIVITY Communi Grow Gheluvelt This event was supported by DWT wth administration and design servtces to create the Grow Gheluvelt event. a biodiversity initiative wpth Gheluvell Friends and BatboLtrne in Bloom. Ils aim was to plant spring bulbs in the formal part of Gheluvett Park. Originally the event was scheduled for November 2020 bul due to Comd reslriclions had lo be Tescheduled for February 2021. lent out planting equipment and Comd Safety supplies on the event day. Community group litter equlpm&nt loans Seven community groups iequested the loan of litter pl¢klng equipment for community actiwties thi5 yeaT, for collection when the Pump House was open. Covid safely measures were put into place Worcester Show - DWT wntinued Its involvement irs the planning committge of the Worcester Show Ifonnerly the Worcester Flower Show). Atthough the August 2020 show was ultimately cancelled, meetings conb.nued in 202110 plan for a Show later that year. Volunteer Littor Warden Scheme IVLWS) As of May 2021, there were 301 active liller wardens, wrth 166 new recruits over a 12-month period, an increase of over 3700/0 from the previous year. Each volunteer or group adopts an 8rea and ag¥ees lo litter pick the area for approximately an hour every day, week. fortnight, month or oceasionally. This activty enhances the opportunty for social involvemonl and partieipalion, encourages a compassionate community and increases physical actlvily for all ages. Each litter warden receives equipment for them lo carry out the Clear ups in their adopted area. This year the cost increased by £3 per kit lo £40 per person. The VLWS scheme cost appr0MatelY £8,153 per annum to run which includes st8ff lime and sundries {£2.903.051 bul not core costs. The Volunteer Lrtter web page on dwt.org.uk was updated lo signpost interested volunteers lo their own district council schemes enabling the DV VLWS lo serwce Worcester City only. In addition, a 'donale' button was sel up to promote financial support lo the VLWS and lo make volunteers aware of the cost of equipment to the charity. To dale £120 has been tjonated by volunteers towards the cost of njnning the scheme. Two domain names were bought at a cost of £20.07 in order lo f8cilitate a prop05ed litter awareness and communty engagement campan-.RUbb1$h Dales,. Page 7
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEE} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 08JECTIVES AND ACTIVITIES ICONTINUEDI 41 out of 301 actNe VLWS regislralions come from outside the City and because they have been registered for more than a year and are still active DWT have not aclivety asked for equipment back. The lop len Worcester City wards with most active registered VLWS volunteers are as follows.. Warndon= 55 All=36 St Stephen = 28 Nunnery= 23 Claines = 22 Afborelum = 20 Riverside= 20 Sl Peters= 18 Rainbow Hill = 14 10. St Johns = 14 To avoid possible fly tipping aecusalions for VLWS and community litter picks there have been talks with Worcester City Council IWCCI about providing different coloured bags to leave on the streets next lo council bins. Currently DWT advise the wearing of Hi Viz jackets lo prove registered volunteer action. Advice from WCC street scene and community safely is that volunteers should phone lo arrange collection, avoiding the need of coloured bags. Ewdence from Keep Britain Tidy is that slickers Can be useful tool lo mark volunteer bags thus avoiding fly lippin9 accusations snd 8s a dala tool lo identify volunteer action quantifying the aid given lo council cleansing services. This is an avenue WOLÉld like lo investigate further and perhaps obtain sponsorship. The total hours spent litter picking this yeaf by volunteers was 8,702 hours. Poowatch The PooWal¢h app has provided a Campaigning and signp051ing tool for complaints of dog fouling In Worcester since 2015. Reports are 5ubmilled by the community lo develop an interactive holspol map of Worcester City. This collated information is used as a Campaigning and patrolling tool. Campaigning 10015 include bag dispensers that can be erected temporarily in hot spot areas by the Worcester City Council Comrnunity Safety team ICSI or lent out to community groups. Chalk spray painl is used by 9 Tegislered Poowalch volunteers and the City Council, who survey and spray dog poo found in their adopted areas. Slencilled messages 8re also used with chalk spray painl lo highlight hotspot aa$. Regular hot spot infomalion is shared wth Worcester City Council's Civil Enforcement Officers and local policing teams lo aid their patrols. This year. 898 reports were generated, with a monthly average of 74, a 35% in¢rease from the prevK)us year, signifying an Increase in web app usage and possible actual offences. The Wor¢esl@r City Council Community Safety team have admin access lo the backend of the website and can directly collate data for reporting and aelioning purposes. Bag dispensers and bags loans are managed by the Wor¢esler City Council Community Safety Team lo promote responsible dog ownership. However. there is a need for a perception survey about social impact stencils and chalk painl before new funding is secured. Textile Repalr events- social sew in and seasonal clothes swap There were no in person events organised due to covid safety concerns and issues with the Pump House building. 2 of the 9 core volunteers supported the Repair Café Worcester remote service whilst the social sew in and clothes swap events were suspended. Page 8
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OBJECTIVES AND ACTIVITIES (CONTINUED) Ropair Cafe Worcester DWT continued ils support of this scheme with Transition Worcesler, through a position on the steering committee and the lending of equipment to the mote Repair Café service through lockdowng and up to June 2021. This remote click and colled ste serv¢ce saw 76 items being collected from Clients and delivered to volunteer repairers lo assess al their own homes. where adm'ce w85 given over the phone and then the items were delivered back lo their owners by volunteer drivers. Schools and Educational Establlshments As la9t year, there were no grants given out to schools this year. Voluntggrs In 202012021, 317 volunteers actively supported the TrLt51. wr(hln Dwf, 5 volunteers contribLrted over 296.5 hours, by micro volunteering and on-srte consetvation volunteering. 9 Poowalch volunteers aclioned hot spots autonomously as and when required by using suppl$ from DWT and information from the Poowalch web app. The lime Spent by the 301 litter wardens, autonomous volunteering is difficult for DWT to measure. But an estimate of 8.702 litter picking hours was provided to the Take Pride partners to recognise the volunteers that agree lo lrtter pick their adopted area on a regular basis. 4 of the 6 Core Ranger conservation volunteers accrued 189 hoLtrs of volunteer lime supporting the Senior Ranger with community projects and the management of Chapter Meadows and Apex Park. took Covid safety very seriously and with the older demographic of Ouf conservation volunteers it was deuded lo onty invite volunteers out of lockdowns and when the task was considered lo be as Covid safe as possible lo all volunteers, staff and sile managers. One volunteer micro volunteered wsth WRE this year by processing materials that were considered a low Covid risk. These materials were processed primarily for the WRE online shop and event stalls. The total number of volunteering hours given to WRE wa5 107.5. 2 of the 9 Textile Repair voluntsers {Social Sew and seWr$I supported the remote Repaii Café Worcester service during lockdowns until June 2021. borrowing and using the DVI specialist equipment to support the 'cli¢k and Collect, style of repair service offered by the Cills communrty repairers. There was no volunteering by Worceslfyr Connect at the Pump House due lo the cfosure of the centre to the public and because of the 1-.1 covid meagures put in place by Worcester Connect. The volunteer reward scheme that was initiated in January 2020 had 59 uptakes from July 2020 to May 2021 when the Pump House eco café was re-open lo the public. This volunteer scheme supplies a different password via a monlhty DWT news and events email direct lo active volunteers. This password, based on that months, events or awareness days, allcws volunteers access lo a free drink from the Pump House eco café and when open, shopping al WRE wilhoul the need of a prepaid membership lo the equivalent lo a bronze membership, and an insight and inspiration to eco events locally, nationally and globalty. Dwf is part of the Take Pride partnership recognising the City's volunteering achievements. Certification recognilion was sent during lockdowns when an in-person event was not possible. Page g
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 OWECTIVES AND ACTIVITIES ICONTINUEDI FINANCIAL REVIEW a. GOING CONCERN After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate resources lo continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial slalements. Further detai15 regarding the adoption of the going conce¥n basis Can be found in the accounting policies. b. RESERVES POLICY It is the policy of the Charity that unreslricled funds which have not been designated for a specific use should be maintained al a level equivalent to beiween six and nine month's expenditure, which 15 currently between £215,500 and £323,250. The Twstees consider that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the Charity's current activities while consideration 15 given to ways in which additional funds may be raised. Unrestricted funds as al 31 May 2021 were £506,16412020'. £774,111). The Trust had a nel decrease in funds of £267,947 {2020".£162,974 increase in funds) over the past twelve months as shown on the Slalement of Financial Activities. The total funds have reduced lo £594,444 Irom £862,391. c. NON-RECURRING TRANSACTIONS There are two financial items which caused the Trustees Goncern. The write off of £110,778 h8$ come to light and was a historic debt owed by WRFC Trading Limited, being Interest due on funds previously lent lo this company. As part of the sale of WRFC Trading LimEted Mr Cecil Duckworth agreed to write this amount of a5 part of the transaction the was al this stage owner of WRFC Trading Limited and chairman of The Duckworth Worcestershire Trusll. Unfortunately the accountant5 and management of DWT were not updated with this informalior) al the time and the historic accounts have not reflected this. We have Taised this as an issue with the Charty Commission but are waib'ng on their response. In addition al the oulsel of the pandemic an amount of £75,000 was moved from DWT lo the account of Mr Cecil Duckworth in order to achieve greater interest relum5. this has now been repaid in full wrth full interest following the death of Mr Duckworth although its return was delayed because of his death. STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION The Duckworth Worcestershire Trust is regislored os a charitable company limilgd by guarantee and was sel up by a Memorandum ofAssociation. b. METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company is the responsibility of the T¥vstees who are elected and Coknopled sjnder the lem)s of the Mèmorandum of Association. Page 10
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MAY 2021 STATEMENT OF TRUSTEES. RESPONS181LITIES The Trustees (who are also the directors of the company foT the purposes of company lawl a responsible for prepar¢ng the Trustees, Report and the financial statements in accordance with applicable law and Unilgd lfj"ngdom Accounting Standards {Un¢ted Kingdom Genefally Accepted Accounting Practice}. Company law requires the Trustees to prepare financial stslement5 for each financial . Under company law, the Trustees musl not approve the financial statements unles5 they are satisfied that they give a true and fair view of the slate of affairs of the company and of its incoming resources and application of resources, including ils income and expenditure. for that perKJd. In preparing these financial stslemenls, the Trustees are required to.. select suitable accounting policies and then appty them consistently.. observe the methods and principles of the Charities SORP IFRS 1021.. make judgements and accounting eslimales that are reasonable and prudent., state whether applicable UK Accounting Stsndards IFRS 102} have been foltowed, subject to any material departures disclosed and explained in the financial slalemenls-, prepare the financial slalements on the going concern basis unless it is inappropriate lo presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are Slrfficienl to show and exptain the companls transactions and disclose with reasonable accuracy at any lime the financial position of the company and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order ofthe members of the board of TTuslees and signed on IheiT behalf by: J S Duckworth Trustee Dale.. fyw 761 Page11
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DUCKWORTH WORCESTERSHIRE TRUST I'the company'l I report lo the charity TNslees on my examination of the accounts of the company for the year ended 31 May 2021. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Acl'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the companls accounts Carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions 9iven by the Charity Commission under section 145(51{bl of the 2011 Ael. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confim that no matters have c¢xie lo my attention in connection with the examination giwng me cause lo believe. accounting records were not kept in respect of the conipany as required by seelion 130 ofthe Act," or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 20C6 Act other than any requirement Ihat the accounts give a 'lrue and fairf view whith is not a maller ¢onsid@red as part of an independent examination", or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and Teporting by Charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Stand8rd applicable in the UK and Republic of [land IFRS 10211. With the exception of the disclosure below, I have no concerns and have come across no other matters in connection with the examirbalion to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be rea¢hed. 11 wa5 identified by the Trustees during the year, that in September 2018, a Truslee sKJned a declaration, without the approval of all Trustees, which resulted in a debt no longer bein9 recoverable. Within these accounts, 8 balance of £110.778 has been written off in the year lo 31 May 2021 as the Trustees no longer consider this to be recoverable. This report is made solety lo the company's Trustees, as a body, accordance wf(h Part 4 01 the Charities (Accounts and Reports) Regulation5 2008. My work has been undertaken so that I might stale lo the companls Trustees those mallers l am required lo slate to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the company and the company's Truslees as 8 body, for my work or for this report. Dated.. 26th May 2022 A Wood FCCA DChA Bishop Fleming LLP 1-3 College Yard Worcester WR12LB Page 12
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEE} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2021 Endowment Unrestrlcted funds funds 2021 2021 Total funds 2021 Total funds 2020 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities Investmen15 261.367 104,567 {110,1481 261,367 104,567 1110,1481 124,362 214,069 5.541 TOTAL INCOME AND ENDOWMENTS 255,786 25S,786 343,972 EXPENDITURE ON: Charttable adivK¢ies 430.999 430.999 494.946 TOTAL EXPENDITURE 430.999 430.999 494,946 NET EXPENDITURE BEFORE NET LOSSES ON INVESTMENTS Nel losses on investments {175.213 {92,7341 1175.2131 {92.7341 {150.974) {12.000) NET MOVEMENT IN FUNDS 1267,9471 1267,947} (162,9741 RECONCILIATION OF FUNDS: Total funds brought forward Nel movement in funds 88.280 774,111 1267.9471 862,391 (267,947) 1,025,365 1162,9741 TOTAL FUNDS CARRIED FORWARD 88.280 506.164 594,444 862,391 The Ststement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 15 to 27 form part of these financial stslements. Page 13
THE DUCKWORTH WORCESTERSH5RE TRUST {A COMPANY LIMITED BY GUARANTEE} REGISTERED NUMBER:03568095 BALANCE SHEET AS AT 31 MAY 2021 2021 2020 Note FIXED ASSETS Tangible 8ssels Investments 10 11 151,658 321.649 183,501 414,383 473.307 597,884 CURRENT ASSETS stocks Debtors Cash al bank and in hand 12 4,437 90.682 41.156 4.08D 228.121 57.711 136,275 289,912 Creditors". amounts falling due wthin one year 14 115.1381 125.4051 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 121,137 264.507 S94,444 862,391 TOTAL NET ASSETS 594,444 862,391 CHARITY FUNDS Endowment funds Unrestricted ftjnds 15 88,280 506,164 88,280 774,111 TOTAL FUNDS 594,444 862,391 The companywas entitled to exemption from audit under secb'on 477 of the Companies Act 2006. The members have not required Ihe company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting rewrds and preparation of financial slalemenls. The financial statements have been prepared in accordance with the prtsvisions applicable lo entities subject lo the small companies regime. The hnancial slalements were approved and 8uthorised for issue by the Trustees and signed on their behalf by. J S Duckworth Trustee Dale.. The notes on pages 15 10 27 fom part of these financial ststemenls. Page 14
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 GENERAL INFORMATION The Duckworth Worcestershire Trust, registered number 03568095. is a charitable company incorporated in the UK and registered in England and Wales. The registered office is 1~3 Cotlege Yard, Worcesler, Worcestershire. WR12LB. The company is limited by guarantee. The companls presentational and functional currency is G8P. The financial statements are rounded to the nearest GBP. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordan wrth the Charities SORP {FRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. The Duckworth Worcestershire Trust meets the definition of a public benefit entity under FRS 102. A55els and liabilities are initially recognised al historical cogt or liansadion value unless otherwise slated in the relevant accounting policy. 2.2 GOING CONCERN After making appropriate enquiries, the Trustees have a reasonable expectation that the Tiusl has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial stalemenls. 2.3 COMPANY STATUS The company is 8 company limited by guarantee. The membets of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limrted lo £1 per member of the company. 2.4 FUND ACCOUNTING Genèral fLtnds are unrestricted funds which are available for use al the discretioll of the Trustees in furtherance of the general objectives of the company and which have not been designated for olh&r purposes. Desonaled funds comprise ur¢restricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial statements. Investment income. gains and losses are allocated lo the appropriate fund. Pa9e15
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES {¢ontinued} 2.5 INCOME All income Is recognised once the company has entitlement lo the income, il is probable that the income will be received and the amount of income re1vable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basi5. The balance of income received for specrfic purposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entillemenl of receipt, ils recognitKJn is deferred and included in credrtors as deferred incoTne. Where entillemenl occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid OT deeds of covenant is recognised at the time of the donation. Income tax fecoverable in relation to investment in¢¢xne is recognised al the time the investrnent income is re1Vable. 2.6 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefrt lo a Ihird party, il is probable that a transfer of economic benefrts will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs. including support costs Involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that actiwly. Shafed costs which contribute lo more than one adivily and 5UPPOrt costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff Costs are allocated on the basis ol time spent, and depreciation charges all¢xaled on the portion of the asset's use. Expenditure on chari(able adivilies is Incurred on directly undertaking the aetNilie5 which further the companls objectives, as well as any associated support costs. Support costs are those Costs incurred directly in support of expenditure on the objects of the ompany and include project management carried out al Headquarters. Governance Costs are those incurred in connection wlh adminislralion of the company and compliance with conslitulional and statutory requirements. Charitable activities and Govemance costs 8re costs incurred on the company's educational operations, including support costs and costs relating lo the governance of the company apportioned lo charitable aclivilie5. 2.7 GOVERNMENT GRANTS Government grants relating to tangible fixed assets are Irealed as deferied income and released lo the Slalement of Financial Aclivili&s over the expected useful lives of the assels concerned. Other grants are credited to the Slalement of Financial Activities as the related expenditure is incurred. 2.8 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed 8ssels are initially recognised al cost. After recognition, under the cost model. tsngible fixed assels are measured al Cost less accumulated deprlatIOn and any accumulated impaiment losses. All costs incurred to bring a tangible fixed asset inlo ils intended working condition should be Includeil in the measurement of cost. Page 16
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES (contlnued} 2.8 TANGIBLE FIXED ASSETS AND DEPRECIATION {CONTINUEDI Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives on the following bases. Depreciation is provided on the following bases.. F¥eehvld land Leasehold Property Motor Vehicles Fixtures & Fittings Not Depreciated Over the period of the lease 20°h straight line 20% straight line 2.9 INVESTMENTS Investment5 are slated al market value at the balance shoel dale. The Stslemenl of Financial Activities includes the nel gains and losses arising on revaluations and disposals throughout the year. 2.10 STOCKS StkS are valL*ed at the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving stock5. Cost in¢ludes all direct cost$ and an appropriate proportion of fixed and variable overheads. 2.11 DEBTORS Trade and other debtors are cOgnised al the settlement amount after any trade discount offered. Prepayments are valuod al the amount prepaid net of any trade discounts duè. 2.12CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less fiom the dale of acquisition or opening of the deposit or similar account. 2.13 LIABILITIES AND PROVISIONS Liabiltties are recognised when there is an obligation at the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be Tequired in settlement, and the amount of the settlement can be estimated ie5iably. Liabilities are recognised at the amount that the company anlicipales il will pay lo settle the debt or the amount il has received as advanced payments for the goods or services il musl provide. Provisiorbs are measured al the best estimate of the amoLtnls required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Slatemonl of Financial A¢livilies as a finan ¢osL Page 17
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUAPANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES l¢ontinuedl 2.14 FUNDS ANALYSIS Designated funds comprise of capilal expendf(ure on the Pump House Environmental Centre project. Restricted funds are comprised of income and expenditure relating lo the Worcester Resource Exchange project. Expendable endowment funds", incorne is available for general purposes. The fund is represented by investments and freehold land siiualed in Chapter Meadows. Transfers from endowment funds to other reserves are made lo support the charitys annual expenditure. 2.15 FINANCIAL INSTRUMENTS The company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured * their selllement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest mdhod. 2.16 OPERATING LEASES Renta15 paid under operating leases are ¢h8rged lo the Statement of Financial Activf(ies on a straight line basis over the lease term. 2.17 PENSIONS The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company lo the fund in respect of the year. INCOME FROM DONATIONS AND LEGACIES Unrestrl¢ted funds 2021 Total funds 2021 Total funds 2020 Donations Government grants 155,042 1 C6,325 1 SS.042 106.325 41.423 82,939 261,367 261,387 124,362 In the Government grants, £79.837 12020: £NIL) relates lo funds recieved through the CoronawrLts Job Relenlions Scheme ICJRS}. Page 18
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 INCOME FROM DONATIONS AND LEGACIES- PRIOR YEAR Unrestricted funds 2020 Total funds 2020 Total funds 2020 Donations Government gr8nts 41.423 82,939 41.423 82.939 41.423 82,939 124,362 124.362 124,362 TOTAL 2020 124,362 124.362 INCOME FROM CHARITABLE ACTIVITIES Unreslricted funds 2021 Total funds 2021 Total fund5 2020 Activities for generating funds 104,567 104,567 214,069 All income from charitable adivf(ies in the current 8nd comparative year were unrestricted. INVESTMENT INCOME Unrestrictsd funds 2021 Total nds 2021 Total funds 2020 Rental income Loan interest waiver 630 630 {110,778) 1110,7781 5,541 1110,1481 1110.148} 5,541 All investment income in the curienl and comparative year were unrestricted. Interest on the WRFC loan of £110,778 laccrued over the lrfe of the loan) was written off in agreement with the Waiver of Claim signed by a Trustee. Page 19
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES A¢tlvitles undertaken directly 2021 Support costs Total funds 2021 Total fijnds 2020 2021 Activ((ies for generating funds Support costs 333,209 333.209 97.790 378.857 116.089 97,790 TOTAL 2021 333,209 97,790 430.999 494,946 ANALYSIS OF DIRECT COSTS Total funds 2021 Total funds 2020 Staff costs Grants payable Activities undertaken directly Postage and stationery Sundry Stock Govemance costs 277.OB6 303.840 500 1.293 455 22.439 394 85 60,832 11.852 25,039 8,251 333.209 378,857 Page 20
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUEDI ANALYSIS OF SUPPORT COSTS Totsl funds 2021 Total funds 2020 Depreciation IT expendilur P051age and stationery Training Costs 35,026 3.151 2.259 729 33,610 5,372 1,806 1,659 L li Professional fees Telephone Insurance Sundry Rent and rates Marketing Security and maintenance Transport and vehicle costs Bank charges 9,528 2.867 13,698 10,680 16,617 157 9,432 5.46S 12.051 14,810 17,965 1.031 559 3,202 9,127 479 {434) 3,033 97.790 116.089 STAFF COSTS 2021 2020 Wages and salaries Social security costs other pension cost$ 254.122 14.4B6 8,478 277,606 15,902 10,332 277,086 303.840 The average number of persons employed by the company during the year was as follows". 2021 No. 2020 Environmental Wardens Management and Adminislralion Duckworth Worcestershire Tnjsl 11 16 21 Page 21
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 STAFF COSTS ICONTINUEDI No employee received remuneration amounting to more than £60,000 in either year. TRUSTEES, REMUNEF14TION AND EXPENSES Duang the year. no Trustees received any remuneration or other benefits12020- £NIL}. During the year ended 31 May 2021, no Trltslee expenses have been incurred12020- £NILI. 10. TANGIBLE FIXED ASSETS Freehold Lea$ehold land Property Motor Vehicles Fixthres & Fittings Total COST OR VALUATION Al 1 June 2020 Additions 88.281 444,177 25,360 124.570 3.183 682,388 3,183 At 31 May 2021 88,281 444.177 25.360 127.753 685,571 DEPRECIATION At 1 June 2020 Charge for the year 391,958 20.889 15.525 2,459 91.404 11.678 498,887 35,026 Al 31 May 2021 412.847 17.984 103,082 533,913 NET BOOK VALUE Al 31 May 2021 88,281 31,330 7,376 24,671 151,658 Al 31 May 2020 88.281 52,219 9,835 33,166 183.501 Pagg 22
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 11. FIXED ASSET INVESTMENTS Listed Investments COST OR VALUATION Al 1 June 2020 Revaluations 414,383 (92.7341 AT 31 MAY 2021 321.649 NET BOOK VALUE AT 31 MAY 2021 321.649 AT 31 MAY 2020 414,383 12. STOCKS 2021 2020 Finished goods and 91$ for resale 4,437 4.080 13. DEBTORS 2021 2020 DUE WITHIN ONE YEAR Trade debtors Amounts owed by participating interests Other debtors Piepayments and accrued in¢ome Grants receivable 1,876 75,000 2.851 6.928 4.027 127 75.000 35.716 117.278 90,882 228,121 Amounts owed by p8rticipaling interests are repaloale on demand. Page 23
THE DUClfldORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 14. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 Trade creditors Acuuals and deferred income 10.120 5,018 20,364 5,041 15,138 25,405 STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 1 June 2020 Gainsl Balance al (Losses) 31 May 2021 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Designated Funds 155,186 155.186 GENERAL FUNDS Ganeral Funds 618,92S 255,786 1430,9991 192,7341 350.978 TOTAL UNRESTRICTED FUNDS 774.111 25S,786 430,9991 192.7341 506,164 ENDOWMENT FUNDS Endowment Fund 88.280 88.280 TOTAL OF FUNDS 862.391 255,786 1430,9991 192,7341 594,444 Endowment funds comprise of income available for general purposes. The lund is represented by freehold land situated in Chapter Meadows. Designated funds compllse of caprtal expenditure on the Pump House Environmental Centre Project. Page 24
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 15. STATEMENT OF FUNDS {CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR Balance at 1 June 2019 Gainsl Balance al {Losses} 31 May 2020 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Designated Fltnds 155,186 155,186 GENERAL FVNDS General Funds 781,899 343,972 {494.946) 112.0001 618,925 TOTAL UNRESTRICTED FUNDS 937,085 343,972 1494,9461 {12,000} 774,111 ENDOWMENT FUNDS Endowment Funds 88.280 88,280 TOTAL OF FUNDS 1.025.365 343,972 1494,9461 112,000} 862,391 16. SUMMARY OF FUNDS SUMMARY OF FUNDS-CURRENT YEAR Balance at 1 Jun9 2020 Galnsl Balance at {Losses} 31 May 2021 Income Expenditure Designated funds General funds Endowment funds 155.186 618,925 88,280 155.186 350,978 88.280 255.786 {430,9991 192.7341 862.391 255,786 {430.9991 192,7341 594.444 Page 25
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 16. SUMMARY OF FUNDS (CONTINUED) SUMMARY OF FUNDS- PRIOR YEAR Balance at 1 June 2019 Gainsl Balance at {Lossesl 31 May 2020 Income Expenditure Designated funds General funds Endowment funds 155,186 781,899 88,280 155.186 618,925 88,280 343.972 1494,9461 112,000) 1,025,365 343,972 1494,946) 112,0001 862.391 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Endowment Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed as5el investments Current assets Creditors due w*thin one year 88,280 63,378 321,649 136,275 (15,1381 151,658 321.649 136,275 115,1381 TOTAL 88,280 506,164 594,444 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Endowment Unrestricted funds funds 2020 2020 Totsl funds 2020 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 88,280 95,221 414.383 289,912 125,4051 183.501 414.383 289,912 125,4051 TOTAL 88,280 774,111 862,391 Page 26
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 18. PENSION COMMITMENTS The compnay operates a defirbed contributions pension scheme. The assets of the scheme are held separalety from those of the company in an indepondently actminlsted fund. The pension cost charge iepresents conlribulion5 payable by the company to the fund and amounted lo £8,478 {2020.. £10,332). 19. OPERATING LEASE COMMITMENTS Al 31 May 2021 the company had commitments lo make future minimum lease payments under non- cancellable operating leases a5 follows.. 2021 2020 Not later than 1 year 14.S48 13,250 20. RELATED PARTY TRANSACTIONS During the year, an amount of £110,778 was written off in relation to inleiesl accrued on a loan to WRFC Trading Limited. Until 15 November 2020 C Duckworth OBE was a trustee of the Duckworth Worcestershire Trust. At the dale of the initial loan C Duckworth OBE was also a director and shareholder of WRFC Trading Limited. He resigned as a director in 2018. WRFC Trading Limited performed payroll servic&s on behatf of The Duekworth Worcestershire Trust. During the year salary and other sundry costs of £219,191 12020 £308,7381 were recharged lo the charity. As well this an £110,778 of accrued interest was written off, as notelf in the Trustees. and Independent Examinerfs reports. Page 27