| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | ||
| Chairman's Statement |
|||
| Trustees' Report |
3-12 | ||
| Independent Examiner's |
Report | 13 | |
| Statement ofFinancial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Notes to the Financial Statements | 16-28 |
| Trustees | Mrs 8 E Duckworth | Mrs 8 E Duckworth | |||
|---|---|---|---|---|---|
| Miss JS Duckworth | (resigned 13March 2023) | ||||
| Mrs D Crabtree | |||||
| Mr M Jenkins | |||||
| Mr M Webb | |||||
| Dr M P Robbins | |||||
| 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 | |||||
| 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 | |||
| 2023 | 2023 | 2023 | 2022 | |||
| Note | E | F | ||||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations and legacies |
4,330 | 4,330 | 151,218 | |||
| Charitable activities |
180,362 | 180,362 | 173,809 | |||
| Investments | 2,546 | 2,546 | 9,273 | |||
| TOTAL INCOME AND ENDOWMENTS | 187,238 | 187,238 | 334,300 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
319,130 | 319,130 | 421,567 | |||
| TOTAL EXPENDITURE | 319,130 | 319,130 | 421,567 | |||
| NET EXPENDITURE BEFORE | NET | |||||
| LOSSES ON INVESTMENTS | (131,892) | (131,892) | (87,267) | |||
| Net losses on investments | (500) | (500) | (81,291) | |||
| NET MOVEMENT IN FUNDS |
(132,392) | (132,392) | (168,558) | |||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
88,280 | 337,606 | 425,886 | 594,444 | ||
| Net movement in funds |
(132,392) | (132,392) | (168,558) | |||
| TOTAL FUNDS CARRIED FORWARD | 88,280 | 205,214 | 293,494 | 425,886 |
| Note | 2023f | 2022 F |
||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible assets | 9 | 100,239 | 116,927 | |
| Investments | 11 | 163,645 | 305,358 | |
| 263,884 | 422,285 | |||
| CURRENT ASSETS | ||||
| Stocks | 10 | 5,312 | 4,271 | |
| Debtors | 12 | 7,449 | 10,095 | |
| Cash at bank and | in hand | 34,056 | 19,218 | |
| 46,817 | 33,584 | |||
| Creditors: amounts | falling due within one | |||
| year | 13 | (17,207) | (29,983) | |
| NET CURRENT ASSETS | 29,610 | 3,601 | ||
| TOTAL ASSETS LESSCURRENT | ||||
| LIABILITIES | 293,494 | 425,886 | ||
| TOTAL NET ASSETS | 293,494 | 425,886 | ||
| CHARITY FUNDS | ||||
| Endowment funds |
14 | 88,280 | 88,280 | |
| Unrestricted funds |
14 | 205,214 | 337,606 | |
| TOTAL FUNDS | 293,494 | 425,886 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023f | 2023 | 2022 | ||
| Donations | 4,330 | 4,330 | 136,882 | |
| Government | grants | 14,336 | ||
| 4,330 | 4,330 | 151,218 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| F | F | |||||
| Activities | for | generating | funds | 180,362 | 180,362 | 173,809 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| F | F | F | |
| Rental income | 2,546 | 2,546 | 6,273 |
| Loan interest waiver | 3,000 | ||
| 2,546 | 2,546 | 9,273 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||
| directly | costs | funds | funds | |||
| 2023 F |
2023f | 2023 F |
2022 F |
|||
| Activities | for generating | funds | 252,948 | 14 | 252,962 | 319,122 |
| Support | costs | 66,168 | 66,168 | 102,445 | ||
| TOTAL | 2023 | 252,948 | 66,182 | 319,130 | 421,567 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023f | 2022 E |
|||
| Staff costs | 191,720 | 248,232 | ||
| Grants payable | 124 | |||
| Activities undertaken | directly | 7,688 | 10,656 | |
| Postage and | stationery | 52 | 149 | |
| (Profit)/Loss | on disposal | (8,300) | (4,500) | |
| Stock | 42,176 | 44,065 | ||
| Governance | costs | 19,488 | 20,448 | |
| 252,948 | 319,050 | |||
| ANALYSIS OF SUPPORT COSTS | ||||
| Total | Total | |||
| funds | funds | |||
| 2023 | 2022 | |||
| f. | ||||
| Depreciation | 24,988 | 34,631 | ||
| ITexpenditure | 4,911 | 3,740 | ||
| Postage and | stationery | 781 | 1,388 | |
| Training costs | 20 | |||
| Professional | fees | 5,921 | 7,899 | |
| Telephone | 1,834 | 2,574 | ||
| Insurance | 11,550 | 10,361 | ||
| Sundry | 11,582 | 12,095 | ||
| Rent and rates | 13,843 | 21,814 | ||
| Marketing | 469 | 232 | ||
| Security and | maintenance | 1,471 | 1,751 | |
| Transport and vehicle |
costs | 851 | 2,352 | |
| Bank charges | 768 | 3,660 | ||
| Profit on disposal of investments | (12,787) | |||
| 66,182 | 102,517 |
| 2023f | 2022 F |
|
|---|---|---|
| Wages and salaries | 178,177 | 225,653 |
| Social security costs | 4,945 | 14,611 |
| Other pension costs | 8,598 | 7,968 |
| 191,720 | 248,232 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Environmental | Wardens | 1 | |||
| Management | and Administration | 12 | |||
| Duckworth | Worcestershire | Trust | 7 | ||
| 17 | 20 |
| Long-term | ||||||
|---|---|---|---|---|---|---|
| Freehold | leasehold | Motor | Fixtures and | |||
| land | property | vehicles | fittings | Total | ||
| E | E | E | ||||
| COST OR VALUATION | ||||||
| At1 June2022 | 88,281 | 444,177 | 25,110 | 127,753 | 685,321 | |
| Additions | 10,000 | 10,000 | ||||
| Disposals | (17,315) | (17,516) | (34,831) | |||
| At 31 May 2023 | 88,281 | 444,177 | 17,795 | 110,237 | 660,490 | |
| DEPRECIATION | ||||||
| At 1 June 2022 | 433,736 | 20,292 | 114,366 | 568,394 | ||
| Charge for the year | 10,441 | 3,559 | 10,988 | 24,988 | ||
| On disposals | (15,615) | (17,516) | (33,131) | |||
| At 31 May 2023 | 444,177 | 8,236 | 107,838 | 560,251 | ||
| NET BOOK VALUE | ||||||
| At 31 May 2023 | 88,281 | 9,559 | 2,399 | 100,239 | ||
| At 31 May 2022 | 88,281 | 10,441 | 4,818 | 13,387 | 116,927 | |
| 10. | STOCKS | |||||
| 2023 | 2022 | |||||
| E | E | |||||
| Finished goods and goods for resale | 5,312 | 4,271 |
| Listed | |||
|---|---|---|---|
| investmentsf | |||
| COST OR VALUATION | |||
| At1 June2022 | 305,358 | ||
| Disposals | (141,213) | ||
| Revaluations | (500) | ||
| AT 31 MAY 2023 | 163,645 | ||
| NET BOOK VALUE | |||
| AT 31 MAY 2023 | 163,645 | ||
| AT 31 MAY 2022 | 305,358 | ||
| DEBTORS | |||
| 2023f | 2022f | ||
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 1,160 | 616 | |
| Other debtors | 36 | ||
| Prepayments | and accrued income | 6,253 | 9,479 |
| 7,449 | 10,095 |
| 2023 | 2022f | |||
|---|---|---|---|---|
| Trade creditors | 5,642 | 16,015 | ||
| Other taxation | and social security | 6,803 | 5,097 | |
| Other creditors | 819 | 696 | ||
| Accruals and deferred | income | 3,943 | 8,175 | |
| 17,207 | 29,983 |
| STATEMENT OF FUNDS - C | URRENT YEAR | ||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | |||
| June 2022 | Income | Expenditure | (Losses) | 31 May 2023 | |
| F | f. | E | F | ||
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| Designated Funds |
155,186 | 155,186 | |||
| GENERAL FUNDS | |||||
| General Funds | 182,420 | 187,238 | (319,130) | (500) | 50,028 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 337,606 | 187,238 | (319,130) | (500) | 205,214 |
| ENDOWMENT FUNDS |
|||||
| Endowment Fund |
88,280 | 88,280 | |||
| TOTAL OF FUNDS | 425,886 | 187,238 | (319,130) | (500) | 293,494 |
| STATEMENT OF FUNDS - P | RIOR YEAR | ||||
|---|---|---|---|---|---|
| Balance at | Gains/ | Balance at | |||
| 1 June 2021 | Income | Expenditure | (Losses) | 31 May 2022 | |
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| Designated Funds |
155,186 | 155,186 | |||
| GENERAL FUNDS | |||||
| General 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 |
88,280 | 88,280 | |||
| TOTAL OF FUNDS | 594,444 | 333,169 | (420,436) | (81,291) | 425,886 |
| SUMMARY | OF FUNDS - C | URRENT YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at | ||||
| June 2022 | Income | Expenditure | (Losses) | 31 May 2023 | ||
| E | E | |||||
| Designated | funds | 155,186 | 155,186 | |||
| Genera( funds | 182,420 | 187,238 | (319,130) | (500) | 50,028 | |
| Endowment | funds | 88,280 | 88,280 | |||
| 425,886 | 187,238 | (319,130) | (500) | 293,494 | ||
| SUMMARY | OF FUNDS - PRIOR YEAR | |||||
| Balance at | Gains/ | Balance at | ||||
| 1 June 2021 | Income | Expenditure | (Losses) | 31 May 2022 | ||
| F | E | E | 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 |
| ANALYSIS OF NET ASSETS BETWEEN FU | NDS - CURRENT YEAR | ||
|---|---|---|---|
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| F | E | E | |
| Tangible fixed assets | 88,280 | 11,959 | 100,239 |
| Fixed asset investments | 163,645 | 163,645 | |
| Current assets | 46,817 | 46,817 | |
| Creditors due within one year | (17,207) | (17,20'7) | |
| TOTAL | 88,280 | 205,214 | 293,494 |
| ANALYSIS OF NET ASSETS BETWEEN FUN | DS - PRIOR YEAR | ||
|---|---|---|---|
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 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) | |
| 88,280 | 337,606 | 425,886 |
| 2023f | 2022 | |||||
|---|---|---|---|---|---|---|
| Not | later | than | 1 | year | 14,548 | 14,548 |