| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | ||
| Trustees' Report |
2-11 | ||
| Independent Examiner's |
Report | 12-13 | |
| Statement ofFinancial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Notes to the Financial Statements | 16-28 |
| Trustees | Mrs BE Duckworth | Mrs BE Duckworth | |||||
|---|---|---|---|---|---|---|---|
| Miss JS Duckworth | |||||||
| Mr P Bowman | (resigned | 7 | March 2022) | ||||
| Mrs D Crabtree | |||||||
| Mr M Jenkins | |||||||
| Mr BLewing (resigned | 19January 2022) | ||||||
| Mr T Ralph (resigned | 28 June 2022) | ||||||
| Mr M Webb | |||||||
| Mrs R White (resigned | 1 May 2022) | ||||||
| Dr M P Robbins | (appointed | 17October 2022) | |||||
| 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 |
Bank | pic | ||||
| 1 The Cross | |||||||
| Worcester | |||||||
| WRI 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 | 2022 f |
2022 E |
2022 F |
2021 E |
||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations and legacies |
151,2'18 | 151,218 | 261,367 | |||
| Charitable activities |
173,809 | 173,809 | 104,567 | |||
| Investments | 9,273 | 9,273 | (110,148) | |||
| TOTAL INCOME AND ENDOWMENTS | 334,300 | 334,300 | 255,786 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
421,567 | 421,567 | 430,999 | |||
| TOTAL EXPENDITURE | 421,567 | 421,567 | 430,999 | |||
| NET EXPENDITURE BEFORE | NET | |||||
| LOSSES ON INVESTMENTS | (87,267) | (87,267) | (175,213) | |||
| Net losses on investments | (81,291) | (81,291) | (92,734) | |||
| NET MOVEMENT IN FUNDS |
(168,558) | (168,558) | (267,947) | |||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward | 88,280 | 506,164 | 594,444 | 862,391 | ||
| Net movement in funds |
(168,558) | (168,558) | (267,947) | |||
| TOTAL FUNDS CARRIED FORWARD | 88,280 | 337,606 | 425,886 | 594,444 |
| Note | 2022f | 2021 F |
||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible assets | 9 | 116,927 | 151,658 | |
| Investments | 10 | 305,358 | 321,649 | |
| 422,285 | 473,307 | |||
| CURRENT ASSETS | ||||
| Stocks | 11 | 4,271 | 4,437 | |
| Debtors | 12 | 10,095 | 90,682 | |
| Cash at bank and | in hand | 19,218 | 41,'1 56 | |
| 33,584 | 136,275 | |||
| Creditors: amounts | falling due within one | |||
| year | 13 | (29,983) | (15,138) | |
| NET CURRENT ASSETS | 3,601 | 121,137 | ||
| TOTAL ASSETS | LESSCURRENT | |||
| LIABILITIES | 425,886 | 594,444 | ||
| TOTAL NET ASSETS | 425,886 | 594,444 | ||
| CHARITY FUNDS | ||||
| Endowment funds |
14 | 88,280 | 88,280 | |
| Unrestricted funds |
14 | 337,606 | 506,164 | |
| TOTAL FUNDS | 425,886 | 594,444 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022f | 2022 | 2021 | ||
| Donations | 136,882 | 136„882 | 155,042 | |
| Government | grants | 14,336 | 14,336 | 106,325 |
| 151,218 | 151,218 | 261,367 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | E | |||||
| Activities | for | generating | funds | 173,809 | 173,809 | 104,567 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022f | 2022f | 2021 E |
|
| Rental income | 6,273 | 6,273 | 630 |
| Loan interest waiver | 3,000 | 3,000 | (110,778) |
| 9,273 | 9,273 | (110,148) |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||
| directly | costs | funds | funds | |||
| 2022 E |
2022f | 2022 | 2021 F |
|||
| Activities | for generating | funds | 319,050 | 72 | 319,122 | 333,461 |
| Support | costs | 102,445 | 102,445 | 97,538 | ||
| TOTAL | 2022 | 319,050 | 102,517 | 421,567 | 430,999 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| E | ||||
| Staff costs | 248,232 | 277,086 | ||
| Activities undertaken | directly | 10,656 | 22,691 | |
| Postage and | stationery | 149 | 394 | |
| (Profit)/Loss | on disposal | (4,500) | ||
| Stock | 44,065 | 25,039 | ||
| Governance | costs | 20,448 | 8,251 | |
| 319,050 | 333,461 | |||
| ANALYSIS OF SUPPORT COSTS | ||||
| Total | Total | |||
| funds | funds | |||
| 2022 | 2021 | |||
| E | ||||
| Depreciation | 34,631 | 35,026 | ||
| IT expenditure | 3,740 | 3,151 | ||
| Postage and | stationery | 1,388 | 2,259 | |
| Training costs | 20 | 729 | ||
| Professional | fees | 7,899 | 9,528 | |
| Telephone | 2,574 | 2,867 | ||
| Insurance | 10,361 | 13,698 | ||
| Sundry | 12,095 | 10,680 | ||
| Rent and rates | 21,814 | 16,617 | ||
| Marketing | 232 | 157 | ||
| Security and | maintenance | 1,751 | 479 | |
| Transport and vehicle |
costs | 2,352 | (686) | |
| Bank charges | 3,660 | 3,033 | ||
| 102,517 | 97,538 |
| 2022 | 2021 | |
|---|---|---|
| E | ||
| Wages and salaries | 225,653 | 254,122 |
| Social security costs | 14,611 | 14,486 |
| Other pension costs | 7,968 | 8,478 |
| 248,232 | 277,086 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Environmental | Wardens | 1 | |||
| Management | and Administration | 12 | |||
| Duckworth | Worcestershire | Trust | 7 | ||
| 20 | 16 |
| Long-term | |||||
|---|---|---|---|---|---|
| Freehold | leasehold | Motor | Fixtures and | ||
| land | property | vehicles | fittings | Total | |
| F | E | ||||
| COST OR VALUATION | |||||
| At 1 June 2021 | 88,281 | 444,177 | 25,360 | 127,753 | 685,571 |
| Disposals | (250) | (250) | |||
| At 31 May 2022 | 88,281 | 444,177 | 25,110 | 127,753 | 685,321 |
| DEPRECIATION | |||||
| At 1 June 2021 | 412,847 | 17,984 | 103,082 | 533,913 | |
| Charge for the year | 20,889 | 2,458 | 11,284 | 34,631 | |
| On disposals | (150) | (150) | |||
| At 31 May 2022 | 433,736 | 20,292 | 114,366 | 568,394 | |
| NET BOOK VALUE | |||||
| At 31 May 2022 | 88,281 | 10,441 | 4,818 | 13,387 | 116,927 |
| At 31 May 2021 | 88,281 | 31,330 | 7,376 | 24,671 | 151,658 |
| Listed | |
|---|---|
| investmentsf | |
| COST OR VALUATION | |
| At 1 June 2021 | 321,649 |
| Additions | 65,000 |
| Revaluations | (81,291) |
| AT 31 MAY 2022 | 305,358 |
| NET BOOK VALUE | |
| AT 31 MAY 2022 | 305,358 |
| AT 31 MAY 2021 | 321,649 |
| 2022 | 2021 |
|---|---|
| E | |
| 4,271 | 4,437 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| F | F | |||
| DUE WITHIN | ONE YEAR | |||
| Trade debtors | 616 | 1,876 | ||
| Amounts owed by participating |
interests | 75,000 | ||
| Other debtors | 2,851 | |||
| Prepayments | and accrued income | 9,479 | 6,928 | |
| Grants receivable | 4,027 | |||
| 10,095 | 90,682 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| Trade creditors | 16,015 | 10,120 | |
| Other taxation and social security | 5,097 | ||
| Other creditors | 696 | ||
| Accruals and deferred | income | 8,175 | 5,018 |
| 29,983 | 15,138 |
| STATEMENT OF FUNDS - CU | RRENT YEAR | ||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | |||
| June 2021 | Income | Expenditure | (Losses) | 31 May 2022 | |
| F | F | E | |||
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| Designated Funds - all funds |
155,186 | 155,186 | |||
| GENERAL FUNDS | |||||
| General Funds - all funds |
350,978 | 333,169 | (420,436) | (81,291) | 182,420 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 506,164 | 333,169 | (420,436) | (81,291) | 337,606 |
| ENDOWMENT FUNDS |
|||||
| Endowment Funds - all funds |
88,280 | 88,280 | |||
| TOTAL OF FUNDS | 594,444 | 333,169 | (420,436) | (81,291) | 425,886 |
| STATEMENT OF FUNDS (CONTINUED) | STATEMENT OF FUNDS (CONTINUED) | |||||
|---|---|---|---|---|---|---|
| STATEMENT OF FUNDS - PRIOR YEAR | ||||||
| Balance at | Gains/ | Balance at | ||||
| 1 June 2020f | Income f |
Expenditure | f | (Losses) f |
31 May 2021 f |
|
| UNRESTRICTED FUNDS | ||||||
| DESIGNATED FUNDS | ||||||
| Designated Funds |
155,186 | 155,186 | ||||
| GENERAL FUNDS | ||||||
| General Funds | 618,925 | 255,786 | (430,999) | (92,734) | 350,978 | |
| TOTAL UNRESTRICTED | ||||||
| FUNDS | 774,111 | 255,786 | (430,999) | (92,734) | 506,164 | |
| ENDOWMENT FUNDS |
||||||
| Endowment Fund |
88,280 | 88,280 | ||||
| TOTAL OF FUNDS | 862,391 | 255,786 | (430,999) | (92,734) | 594,444 |
| SUMMARY | OF FUNDS - C | URRENT YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | ||||
| June 2021 | Income | Expenditure | (Losses) | 31 May 2022 | ||
| f. | F | F | ||||
| Designated | funds | 155,186 | 155,186 | |||
| General funds | 350,978 | 333,169 | (420,436) | (81,291) | 182,420 | |
| Endowment | funds | 88,280 | 88,280 | |||
| 594,444 | 333,169 | (420,436) | (81,291) | 425,886 | ||
| SUMMARY | OF FUNDS - PRIOR YEAR | |||||
| Balance at | Gains/ | Balance at | ||||
| 1 June 2020 | Income | Expenditure | (Losses) | 31 May 2021 | ||
| F | E | F | ||||
| Designated | funds | 155,186 | 155,186 | |||
| General funds | 618,925 | 255,786 | (430,999) | (92,734) | 350,978 | |
| Endowment | funds | 88,280 | 88,280 | |||
| 862,391 | 255,786 | (430,999) | (92,734) | 594,444 |
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| F | F | F | |
| Tangible fixed assets | 88,280 | 28,647 | 116,927 |
| Fixed asset investments | 305,358 | 305,358 | |
| Current assets | 33,584 | 33,584 | |
| Creditors due within one year | (29,983) | (29,983) | |
| TOTAL | 88,280 | 337,606 | 425,886 |
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| F | |||
| Tangible fixed assets | 88,280 | 63,378 | 151,658 |
| Fixed asset investments | 321,649 | 321,649 | |
| Current assets | 136,275 | 136,275 | |
| Creditors due within one year | (15,138) | (15,138) | |
| TOTAL | 88,280 | 506,164 | 594,444 |
| can | cellab | le o |
per | ating leases as follows: |
||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| F | ||||||
| Not | later | than | 1 | year | 14,548 | 14,548 |