Registered number. 03568096 Charlty number. 1074469 THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY UMITED BY GUARANTEE) CONTENTS Page Reference and Adminlstrntlv• D•tall8 of the Company. ils Tnmtees and Advi89rn Chalrnian'8 Statement Tru8tees' Report Independent Examinerfs Report 10 Statement of Flnanclal Activities 11-12 Balance Shoot 13 N¢)t•s to the Flnanclal Statements 14-25
THE DUCKWOlml WORCESTERSHIRE TRUST (A COAIPANY LIMrrED BY GUARANTEE) REFERENCE AND ADMINISTrATIVE DEfAILS OF THE COhlPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024 Mrs B E Dud<worth Mrs D Crabtr Mr M Jenkn'ns Mr M Webb Dr M P R¢Jbbins Company r•gist•rnd numb Charlty reglstsrod numb•r 1074469 1-3 College Yard Worcester WR12LB Indep•ndent Examln•rn Bishop Fleming LLP Chartered N£couniants 1-3 College Yard Worcester WR12LB Bank•rn National Westrninster Bank plc 1 The Cross Worcester WR13PR Solicltor8 Hallmark Hulme LLP 3, 4 & 5 Sanson* Place Worcester WR11UQ Page 1
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MAY 2024 The chair presents her statement for the Par. I want to thank all the volunteers. stsff and tJustees who have supported the Trust during the last. most difficult, year and indeed the last 26 years. It has been very much appreciated and through their support the Duthorth Worcestershire Trust has been able to grow from a small charity, focussing on litter and graffits., to a well- respected local player dealing with the dimate and b1VerSty rJises. The Tnjst has had many great years managing some fantastic and cwcial projects. However, with the reality of not being able to continue. for many reasons, our three major projects. the Pump House Environment Centre, the Worcestershire Resou Exchange. arKI Ranger Tearn. the trustees have made the decision to start winding up the Trust. Sadly, we said gwjbye to all our staff and volunteers this year, leaving the board of trustees to finish where the Trust started. Resources were sold and any remaining funds will be distributed to worthy local environmental causes. Through the impending sale ol Chapter Meado, the Trust will use those funds to provide grants to local environmental groups wrth the task of improving the natural and built environment of the area Cecil loved so much. We hope to see efft)rts on addressing the inasInglY important environmental issues with the aim of raising the profile of Worcester through community and educational projects to influence the development of a more resilient and robust oty. Our planet faces many challenges but knowing that there are kKal champions in Worcester, in a position to take up the mantle and continue the legacy thal Cecil initiated has bn a great solace. It has bn my privilege to be involved in the Trust for all its existen and to worked with so many dedicated volunteers and staff abng the way. We couldn't have done it without them and so once again, on behalf of the Duckworth family. l express our thanks. Long may Cecil's legacy continue through them and others. Beatrice Duckworth Chair Date: 25 I loas Page 2
THE DUCKWORTH WORCESTERSHIRE TRUST IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 The Trustees present their annual report together wrth the financial statements of the The Duckworth worcestershi Trust for the year 1 June 2023 to 31 May 2024. The Annual Report SeeS the purposes of both a Trustees. report and a directors, report under company law. The Trustees confirm that the Annual Report and financial ststements of the charitable company comply with the current statutory requirements, the requirements of the charitable companYs governing document and the provisions of the Statement of Recommended Practice (SORP) appliCae to charities preparing their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). REVIEW OF TRUST ACTivmES (1ST JUNE 2023 TO 31ST PAAY 2024) . Summary The Duckworth Worcestershire Trust has bn in operation for 26 years now and in that time, it has delivered many benefits for the people of Worcester and for the environment around the city. As tt has been for many, the last few years have been challenging, and sadly some very tough decisions about the future of the Trust have had to be made. This has resutted in the closure of the Worcestershire Resource Exchange in 2022 and the Trust's long-stsnding presence at the Purnp House. despite rts best efforts, has ended. The Duckworth Worcestershire Trust ended its lenure at the Pump House Environment Centre at the end of 2023, with the last day of opening being the 30 September 2023. Activities aS$(lated with the Pump House Environment Centre were reviewed to decide the future directK)n of the Trust. This ultimately resulted in the decision to stop current acttvities and to try to secure a sale for Chapter Meadows and to transfer ownership of Apex Park. Therefore. sadly all staff were rnade redundant by the end of 2023. However. with funds expected to be raised from the sale of the meadows, the Twst is ncwi in the process of planning a community grant scheme offering funding that will focus on enhancing the natural environment and promoting sustainable living. The Twst sees this as a posits.ve to continue contributing to environmental improvements and to create a legacy for future generations. From June 2023 until the cessation of activities. 462 registered volunteers supported the Trust's work. The Volunteer Litter Warden Scheme (VLWS) was still proving extrernely popular and new local groups used the litter picking equipment loan scheme (LELS). The Dwf loan scheme had an increased outreach wrth an extra 183 volunteers over the last 6 months of the scheme before management ceased in November 2023. Overall, there were 10.002 hours of support across the whole Trust by registered volunteers during the year. the equivalent of 5.5 members of full-time staff. Whilst the long-tenn future of the Trust is uncertain. the tx>ard is committed to ensuring the legacy created in the past quarter of a ntUry is a long tasting one for the people of Worcester. would like to thank the businesses. organisations and customers who supported and shared the Trust's vision and enthusiasm for promoting environmental issues. The good woth done by the Trust woukl not have been achieved without the generous and cornmrtied assistance of volunteers and staff. The Trust vnuld like to take this moment to recognise this and thank them all for their support over the last 26 years. b. Year at a Glance June 2023 Cardboard Citizens Assembly - Riverside Park and Gheluvelt Park Stskeholders. meetings - Severn Rising exhibition and worksl)ops - Worcester Volunteer Expo - Litter Equipment loans- Tool loans July Support ft)r Worcester Carnival - 7 years of Repair Cafe Worcester - Griffiths Grant for play resources - Big Worcester Doodle- Social Sew in Textile repair- Litter Equipment loans - Pump House Lease final negoth'ations. Page 3
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CorINuED) FOR THE YEAR ENDED 31 MAY 2024 REVIEW OF TRUST ACTIVITIES (1ST JUNE 2023 TO 31 ST MAY 2024) (CONTINUED) August Cardboard pop-up playground - Redundancy meetings - Litter Equipment loans September Pop up playgrounds - Redundancy consultations - Riverside PaTk and Gheluvelt Park Stakeholders. meetings - Final Social Sew in and clothes Y•vap events at the Pump House - Final Vehicle sale - Pump House closure and cafe stsff redundancies- Litter Equipment loans October Pump House dearance and sales - Litter Equlpment klans November Pump House clearance and sales- Further staff redundancies- Tool loan - Litter Equipment loans- Container removed - Public sale and givea•vays December Public sales and giveaways- Pump House Handover- Final Twst staff redundancies January 2024 Plans for new Dv environmental fund February Sale of Chapter MeadtrI agreed - Ongoing discussions regarding Apex Park March AGM April Chapter Meadows sale progressing - Ongoing discussions regarding Apex Park May Chapter Mead¢)ws sale nearing completion - Ongoing discussions regarding Apex Park - Further progress on new Dwf environmental fund c. Review of Activities PUMP HOUSE ENVIRONPIIENT CENTRE The Pump House Environment Centre opened to the public as an environmentsl centre and meeting venue in 2004. Originalty set up to house mutil'ple organisations, all with an environmental training remit. since 2006. the Duckworth Worcestershire Trust has been the onty tenant. DWT had a lease of 20 years for the building. due to expire in 2023. As mentioned in last yearfs report, the Trust was already trying to secure another long-temi tenure from Worcester Cty Council. At the same time, talks were ongoing with a commercial operator. interested in running the cafe within the buikling. Fairly early into this budget year. it became appanI that the updated tern on offer were not viable for the Trust. There were also issues with the building that Dwf was expected to rectfy (although by the end of the tenure Dwf managed to prove it was not accountable). Talks ended with the Trust reluctantly having to give nots' that its tenancy would end with the expiration of the existing lease. although the City Council was gracious to grant an extension penod. all0Ing Dwf to manage the exit from the building by the end of 2023. It also meant that the strategy that was being developed was no loroer viable wrthout a base. activities needed to be revtewed, and all staff were at iisk
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 PAAY 2024 REVIEW OF TRUST ACTIVITIES (1 ST JUNE 2023 TO 31ST PAAY 2024) ICONTINUED) However. during the first few months of the finanoal year. the Pump House continued to operate as nomal. From June until September 2023. the Pump House operated a public drop off point for the Terracycle UK KP crisp and snath waste stream. where 248 Kg of crisp and snack packets were to be recyded. Global and national events were promoted across the Trust using posters in the café. Gheluvelt Park and social media posts to inform the in-house and online communities with the aim of inspiring further interest and research. In June, the centre played host to Sevem Rising 2222. a digital game which went on Iouf around the W0$ter area. This animated interactive game imagined Worcesler in two hundred years, under water due to the change in climate. Users had the opportunty to imagine what adaptations lrfe woutd have to have made to cope in the new condikn'ons. For iwo weeks the game was installed in the Pump House café for the public to play and explore. In addrtion, an educatM)n workshop for families was held in the Pump House meebng room, linking into the themes of climate change, *ptation. and mitatIOn and h(M people can act now to prevent further global wamiing. The Big Worcester Doodle project from OnsKle Advocacy and the Worcester Show committee was promoted in the Pump House café by installing a dcle station and post box for Dv visitors to collaborate in the community art piece. which had its inaugural gallery showing in Ihe (x)mmunty marquee in Ihe Worcester Show. FNe free th events were hosted at the Pump House Environment Centre. billed as CardbDard Citizens Assemblies. Cardboard, from the Pump House café and local businesses. was used both as decorations to demarcate the space and as resources for the creatNe reuse play sessions. 298 children attended over the series of events. A wdeo was pr(Kluced from photo montages for online promotK)n to encourage creative reuse and imaginative use of waste resources. These events were funded by Grffiths. the civil engineers responsible for the Kepax Bridge project. to offset the impad of site constfuction on visitor numbers to the Pump House Environment Centre. The Pop-up Playground event for Augusys Nats"onal Play Day was advertised in Worcester News, Visit Worcester website and on Parents Voice Worcester feeds. Special promotional material was designed in house to recognise the contributs'on made by Grrffiths Civil Engineering. In September. a Popup Playground wa5 held at Worcester Mela as well as that in the Pump House back garden. Comment regarding the Cardboard free play assembly.my little girl wa5 below the target age, but she had such a nice time, there was a lovely atrnosphere. and tt was a perfect shatty spol on a wami day." The Centre hosted 2 Soaal Sw In events in the Pump House meeting room arKI a single ck)thes g•Ap event was held during Sustsinable Fashion Week. spread over two fioors using the café space and the upstairs meeting room to provide confidence and space post covNJ lockdowns. 365 items of clolhes were swapped in 2 hours. This was the last event held in the Pump House Environmenl Centre. The centre closed to the public in September 2023 and mst cafe staff were made redundanL Those with longer seprfl served their notice by assisting ofte staff with the exit from the building. The wooden shop fittings were donated to Remade Worcester, a Community Interest Company run by a group of volunteers. some of whom had previously Irked for or volunteered with the Trust in the wOrstershIre Resource Exchange IWRE) project. This new organisation aims to conts'nue the work of WRE by providing materials in a small scrap store in the Crowngate Shopping Centre. The A board encouraging a 2-minute style litter pick in the parf( was returned lo the Gheluvelt Friends Group. Cafe equipment was advertised for sale privately and most sizeable rtems were purchased. wilh valuable funds being raised for the Trusl. The remainder of the café and krtchen supplies were donated to St Paul's Hostel Page 5
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 MAY 2024 REVIEW OF TRUST ACTIVITIES (1ST JUNE 2023 TO 31ST MAY 2024) (CONTINUED) The Rangers, storage container was sorted. emptied. shelving dismanded and recycled and removed. There was volunteer who dediG*ed their time lo the closure of the Pump House Environment Centre who donated 102 hours of their time to support staff. Local conservation groups and voluntary organisations were granted first refusal to purchase conservabon tools from the Dvirr Rangers, store. Remaining tools and resources were given away. Wild and Rooted Community Interest Company, The Worcester Environmental Group, Men's Sheds, Worcester Community Garden, Wild Goose Rural Training and WOrter Cathedral Eco Group were amongst those to benefit from redUd price or donated items. The reference books from the eco café were gifted lo Worter Community Garden for storage in their floating pontoon office which houses their reference library. Display materials were donated to Malvem Cube and metal was tsken to be recycled. Three final clearance sales and one open house event were organised to distribute any remaining Pump House Environment Centre resources. such as office equirffnent and supplies. All five Trustees and one volunteer supported the last two staff wrth the sales and another volunteer helped with finanaal administration. The final iwo Trust staff members. the Prqed Officer, and Volunteer & Community Ctrordinator. were made redundant in December 2023. CHAPTER MEADOWS For over 25 years Chapter Meadows has been in the hands of the Dwf and in this time the Trust has undertaken work to enhance and maintain its ecobgical value and has provided infrastructure for the people of wOrster to use and enjoy this irnportant greenspace. Working to Countryside Stewardship standards, the Trust has managed this site in a tradrtional manner. As in previous years, the current grazief was retained. and cattle retumed to the meadows once again as part of the ongoing Countryside stlardship management agreement. renewed for the 2023 year. Almost £2300 was receNed from the Rural Payments Agency as part of this scheme for 2023. The grazier managed the fencing as part of the agreement and infomed the Trust should any other work be needed. Due to the SFgnificant challenges over the last few yEars. leading to the closure of its operations. the Trust has been very keen to secure a positive future for the historic stte. Wrth the closure of the Pump House and the loss of staff, the Trustees sadly decMJed to relinquish liabilty for Chapter Mead¢Ms. whilst attempting to secure the long-term stewardship and secunty of the rAinic riverside site. By the end of the budget year, a sale looked imminent. A local philanthropisl. keen to continue the work the Trust has already done. recognises how important this site is to the people of Worcester and to nature. They agreed to purchase the srte in February, and this was Pro9$S1ng well by the end of the budget year. with the completion due in the summer. They are seeking to continue the environmentalty sensits've grazing regime at the site and look at how the sÉte's ecological value and public enjoyment can be enhanced by collaborating with local volunteer groups such as the Worcester Environmental Group (WEG). They also plan to invest more into the site and have agreed to promote Dwf's groundwork and legacy. In addition to securing a safe future for the site, the Duckworth WorcesteTshire Trusl has committed to distribute all the funds received from the sale to k)cal projects and community groups. The Woodland Tfust More Woods project eam)arked for delivery duriro the November 2022 - March 2023 planting season, which was put on hold last year. will no longer be relevant to Dwr. Page 6
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 REVIEW OF TRUST ACTIVITIES (1ST JUNE 2023 TO 31ST AIAY 2024) (CONTINUED) APEX PARK This small site on the outskirts of Worcester Cty has been in the hands of the Trust since 2016. As with Chapter Meadows, the Trustees were keen to achieve a new custodian for the land. Talks have been undeThvay with the local Parish Council. which is interested in taking on the site. ENVIRONMENTAL RANGER TEAM Wrth the closure of the Pump House. the11(ety sale of Chapter Meadows and Apex Park and stsff redundancies. a Ranger Team was no longer required and consequenty the remaining vehicle and equipment were sold. VOLuKfEER CO4)RDINATION AND COMIJUNrrY ACTIVITY attended the Worcester Volunteer Expo at wOrster Guildhall where the social sew in and clothes swap, the cardboard free play events and the litter equipment ban ser4*ice and volunteer Ittter warden schemes we promoted. The Trust was also represented at Voluntary Organisations of WOrstershI{e (VOW) meetings. Dwf received a request from the Worcester Carnival committee for volunteer help and litter equipment to support the 2023 Worcester Carnival. Six volunteer litter wardens litter pid(ed the carnival site for 2 hours after the event alongside the Camival Committee. Litter Equipment Loan Service (LELS) and Tool Loan Service ITLS) There were fourteen requests to use the Dwf loan ser¥ice of litter-picking equipment for community litter- picking activities in the 6 months from June to November 2023: ranging from community groups, political and campaigning groups and commercial organisab.ons engaging with their staff teams. The loan service used the Pump House Environment Centre. which had been open 7 days a week, enabling groups to manage the collectK)n and retum of equipment from a specialist bin store in the Pump House compound. Over these 6 months the litter equipment loan Serv engaged wilh an extra 183 communty volunteers litter picking for one-off events. Groups using the service included Malvern Hills District Council. Worcester Green Paty, Friends of Diglis Fields. Worcester Greenpea, local schools, AV Band Funeral Directors. Lesaffre UK & Ireland, and the NHS NEC care team. As this litter picking equipment was furKled ty the Take PrKle partnership and Worcesler Cty Council, upon closure of the Pump House Environment Centre the equipment stores were retumed lo the Worcester City Council community engagement team. Malvem Hills District CnCil and others used the Tool Loan Scheme. Tools were sold or given away during the last months of the 2023 year, before exiting the Pump House Environment Centre. Volunteer Litter Warden Scheme (VLWS) Due to the closure of the Pump House Environment Centre and staff redundancies. rt was decided to bring the Volunteer Litter Warden Scheme to an end. As the project ended there were 442 active litter wardens. wtth thity- seven new recruits over the &month perK)d up until November 2023. All registered volunteers were informed of the cessation of the DWT management of the scheme in December 2023 and were signposted to their local authority for re-supplies of equipment and gjndries. The total time spent volunteer litter picking during this reporting period was 9.752 hours. A comment from a registered litter warden.. "I won't stop litter picking: it is always good to kncm there is an organisation behind me rf I need assistan.° Page 7
THE DUCKWORTH WORCESTERSHIRE TRUST (A COhlPANY LIMITED BY GUARANTEE) TRUSTEES, REpoi¥f (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 REVIEW OF TRUST ACTIVITIES (1ST JUNE 2023 TO 31ST IAAY 2024) IcoMfiNUED) Textile Repalr events - social sew In and seasonal clothes swap In the six months before the Pump House Environment Centre dosed, one clothes swap and social sew ins were held. Six volunteers donated 54 hour5 of their time to the prOdUcn of these events. Dwf's sooal sew and sewers communty group was promted by Sustainable Fashjon Week. Over this community project's 10 years of operation. Ihe tearn has influenced 405 users to swap. rework and repair clothes. This volunteer group has saved 5.013 items of clothing from landfill and inspired users to reuse and refashion over two tonnes of clothes. Using the Oxfam Cartx)n Calculator this saved almost fifty tonnes of carbon from being released into the atsnOsphe.' the equivalent of driving 162,000 miles in a car. During the process of ck)sing the Pump House, the slored c5othes from dolhes swap were offered lo those registered swappers with any existing credits frorn previous swaps. and thereafter. anyone during the dearance sales. Equipment from the clothes swap was sold during the Pump House dearance sales, with proceeds going back to Dwr. The Dwf Trustee management board agreed to gift the Social Sew In equipment to the volunteers from the group, so that they themselves could conts'nue their Work in the city to encourage DIY repair, social mending and the rethinking and reworking of clothes. Ths new group has started to apply for funding to pay for room hire costs in Worcester Cty to restart sessions in the future. Comment from the social sew-in session: "Thank youl This was a wonderful experience. I haven'l sw) Sin I was a d)ild. I had excellent, very clear and patient tuition and managed to complete a curtain!" Repair Cafe Worcester Repair Café Worcester celebrated 7 years of community repair service with an official visit from Worcester's Mayor, the Green Party Counallof. Louis StepPEn. Dwf continued its support of this scheme wrth Transition Worcester whilst staff were still employed, but on notice of the redundancy of the Dv Volunteer and Community Ctrordinator. the Trust relinquished its invofvement in the steering committee. Schools and Educatlonal Establishments As in the wevtous years. no grants were given out to schools. Wider Communlty Dv maintained its links wrth Worcester City Council's parks. attending Stakeholder meetings for Gheluvelt Park and Riverside Park. However, on leaving the Pump House. situated in Gheluvelt Park and as the Trust was looking into the sale of Chapter Meadows, the Trust decided to step back from these meeb'ngs. One of the Trustees continued their meetings with the University of Worcester. No other links were maintained. due to the need to use staff in the dearance of the Pump Hrjuse and pending redundancies. Voluntserd Before ending activities. benefitted from 462 volunteers. In additton to the 442 active Volunteer Lttter Warden volunteers. six volunteers supported free play events and wOrster Camival, there were 4 social sew- in volunteers, 6 clothes volunteers and 2 Duke of Edinburgh volunteers. One volunteer continued to provide administration support, and another dedic2ted their time to the dosure and dismantling of the Pump House Environment Centre fitts'ngs and resources. Page 8
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MAY 2024 structure, governance and managoment a. Con8tltutk)n The Duckworth Worceslershire Trust is registered as a charilable company limited by guarantee and was set up by a Memorandum of Association. b. Methods of appo5nlment or electlon of Tnmteos The management of the company is the responsibilty of the Trustees who are elected and C4HVted under the terms of the Memorandum of Association. STATEMENT OF TRUSTEES. RESPONS181LmES The Trustees (who are also the director5 of the company for the PUTposes of (y)mpany law) are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom Accounts'ng Standards (United Kingdom Generally Accepted Acccyjnting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial ststements unless they are sats'sfied that they gNe a true and fair view of the stste of affairs of the company and of ts incoming resources and application of resources. including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently, observe the methods and principles of the Charities SORP {FRS 102)., make judgements and accounting estimates that are reasonable and prudenc state whether applicable UK Accounting Slandards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial sLqtements: prepare the financial statements on the going concern basis unless it is Inapwopriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are suffictenl to show and explain the companrfs transactions and disck)se with reasonable accuracy at any time the financial posrtion of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢(panY and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf ty. B E Duckworth Trustee B&buckn Date". Page 9
THE DUCKWORTH WORCESTERSfrIIRE TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DUCKWORTH WORCESTERSHIRE TRUST ('the company.) I report to the charity Trustees on my examinats'on of the accounts of the company for the year ended 31 May 2024. RESPONSIBIUTIES AND BASIS OF REPORT As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparats'on of the accounts in accordan wrth the requirements of the Companies Act 2006 ('the 2006 Act,). Having salisfied myself that the accounts of the company are not required to be audrted under Part 16 of the 2006 Act and are elKJible for independent examination. I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the DIrectnS gNen by the Chanty Commission under section 14515)(b) of the 2011 Act. INDEPENDENT EXAPIJINER'S STATEMENT I have completed my examination. I confinn that no matters have come to my attention in (x>nnection wtth the examination giving me cause to believe: accounting records were not kept in respect of the company as required by section 130 of the Act; or the accounts do not xcord with those records" or the accounts do not compty wrth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lJue and fairf view vlhich is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounts'ng and reporting by charities [applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). This port is made solely to the companys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been U[ertaken so that I mMJht state to the company's Twstees those matters l am required to stste to them in an Independent Examiner's Report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the company and the companys Twstees as a body. for my work or for this reFK)rL Signed: A Wood FCCA DChA Dated: 26 February 2025 Bishop Fleming LLP 1-3 College Yard Worcester WR12LB Page 10
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THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03568095 BALANCE SHEET AS AT 31 MAY 2024 2024 2023 FIXED ASSETS Tangible assets Investments 88281 1ry).239 163,645 88.281 263,884 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 10 5.312 7.449 34,056 12 2.899 67,264 70.163 46,817 Creditors: arnounts falling due within one year 13 (2.763) (17.207) NEf CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 67.400 29,610 155.681 293,494 TOTAL NEf ASSETS 155.681 293,494 CHARITY FUNDS Endowment funds Unrestricted funds 14 88,280 205.214 14 67.401 TOTAL FUNDS 165.681 293,494 The company was entitled to exemptson from audit under section 4TT of the Companies Act 2006. The members have not required the company to 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 requirements of the Act with respect to accounting records arml preparation of financial ststements. The financial statements have been prepared in accordance with the provisions applicable to entibes subject to the small companies 1rne. The financial statements were approved and authorised for tssue by the Trustees and signed on their behalf by.. B E Duckworth Trustee Date: Is a. loa5, The notes on pages 14 to 25 fomi part of these financtal statements. Page 13
THE DUCKWORTH WORCESTERSHIRE TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 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 College Yard, Worcester, Worcestershire, WR12LB. The company is limited by guarantee. The companls presentational and functional currency is GBP. 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 accordance with the Charities SORP (FRS 1021 Accounting and Reporling by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Duckworth WOrStershIre Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless otherwise stated in the relevant accounting policy. 2.2 GOING CONCERN The Trustees are in the process of winding up ihe Charity and have a reasonable expectation that the Trust will cease to continue in operation wiihin the period of al least twelve months from the date of approval of these financial statements. However, the date of liquidation has not yet been decided. As a result, Ihe Trustees have prepared the financial statements on a basis other than going concern, but no adjustments were necessary to the amounts at which the remaining net assets are included in these financial statements. 2.3 COMPANY STATUS The company is a company limited by guarantee. The members 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 limited to £1 per member of the company. 2.4 FUND ACCOUNTING General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 14
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POUCIES (continued) 2.5 INCOME All income is recognised once Ihe company has entitlement to the income. it is probable that the income will be received and the amount of income receNable can be measured reliabty. Income tax recoverable in relat#)n to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to inveslment income is recognised at the ts'me the investment incorne is receivable. 2.6 EXPENDITURE Expenditure is re(x)gnised On there is a legal or constructive oblwtion to transfer e(x)nomic benefit to a third party. it is probable that a tpnsfer of economic beneffts will be required in settlement and the amount of the obligats'on can be measured reliably. Expenditure is classified by acbvity. The costs of each activity are made up of the totsl of direct costs and shared costs. including support costs involved in undertaking eath acbvity. Di1 costs attributable to a single activty are all(ated directly to that activity. Shared costs which contribute to more than one actrvty and support costs which are not attributable to a single aciivity are aptx)rtioned belween those activities on a basis consistent with the use of reSoUrs. Central staff costs a allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitatjle acbvities is incurred on directy undertaking the activities which further the companys objectives, as well as any associated support costs. Support costs are those costs incufred dffecty in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activitses and Governan costs are costs incurred on the companys educational operations, induding suppth costs arKI costs relating to the g0veMan of the company apportioned to charitable activits&. 2.7 TANGIBLE FIXED ASSEfs AND DEPRECIATION Tangible fixed assets are inttrally recognTsed at cost. After recognition. under the cost model. tangible fixed assets are measured at cost less accurnulated depreciation and any accumulated impaimient losses. All costs incurred to bring a langible fixed asset into its intended working conditK)n should be included in the measurement of cosL Depreciation is charged so as to allocale the cost of tsngible fixed assets less their regdual value over their estimated useful lives on the folltrwing bases. Depreciation is provKled on the follthying bases". Freehold land . Not Depreciated Long-tenn leasehokl property - Over the period of the lease Motor vehicles 20% straight line Fixtures and fittings 20% strdight line Page 15
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POUCIES (continued) 2.8 INVESTMENTS Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluats.ons and disposals throughout the year. 2.9 STOCKS Stocks are valued at the kywer of cost and net realisable value after rnaking due allowance for obsolete and slow-moving stocks. Cost indudes all direct costs and an appropriate proportion of fixed and variable overheads. 2.10 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepwd net of any trade discounts due. 2.11 CASH AT BANKAND IN HAND Cash at bank and in hand indudes cash and short-lerm hKJhty liquid investrnents wilh a short maturity of three months or less from the date of acquisition or opening of the deposrt or similar accounL 2.12 LIABILrriES AND PROVISIONS Liabilthes are recognised when there is an obligation at the Balance Sheet date as a resutt of a past event, it is probable that a transfer of eCormi¢ benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has feceived as adwdn(Ed payments for the goods or services rt must provide. Provisions are measured at Ihe best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material. the prOvisn is based on the present value of those amounts. discounted at the pre-tax di$Unt rate that refiects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activrties as a finance cost. 2.13 FUNDS ANALYSIS Expendable endwnent funds" income ts available for general purposes. The fund is represented by investments and freehold land situated in Chapter Meadows. 2.14 OPERATING LEASES Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. 2.15 PENSIONS The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. Page 16
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 INCOME FROM DONATIONS AND LEGACIES Totsl funds 2024 Total funds 2023 funds 2024 DOnatiS 1,107 1.107 4.330 All donations and govemment grants in the current and comparative year were unrestrthd. INCOME FROM CHARITABLE ACTIVITIES Unr•8trlct•d fund8 2024 Total nd8 2024 Total funds 2023 Acbvities for generating funds 77,732 77,n2 180.362 All incone from charitable acbth in the current and c¢ynparative year unrestr1. INVESTMEKf INCOME Total funds 2024 Total funds 2023 funds 2024 Rental irK>Jme 522 All investment Incor in the current and comparative year m unrestri. Page 17
THE DUCKWORTh WORCESTERSHIRE TRUST (A COMPANY UPAITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 IAAY 2024 ANALYSIS OF EXPENDffuRE BY ACTMTIES undertaken dlr•ctty 2024 Support costs 2024 Total funds 2024 Total funds 2023 Activitles for generathg funds Support costs 186.919 186.926 252,962 66,168 34.596 TOTAL 2024 186.919 221,522 319.130 ANALYSIS OF DIRECT COSTS Total funds Total funds 2023 Staff costs Grants payable Activilies undertaken directy Postage and statThery (ProfftyLoss on disposal of assets Stod Govemance costs 144.098 191.720 124 4,217 479 52 (8.300) 42.176 19,488 19 13,672 186,919 252,948 Page 18
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ANALYSIS OF EXPENDITURE BY ACTMTIES (CONTINUED) ANALYSIS OF SUPPORT COSTS Total funds 2024 Total funds 2023 Depreciation IT expenditure Postage and stationery Professional fees Telephone Insuran Sundry Rent and rates Marketing Securtty and maintenan Transport and vehicle costs Bank charges Profit on disposal of investments 1.625 2,010 1.089 7,561 24.988 4.911 781 5,921 1,834 11,550 11.582 13.843 469 1,471 851 2.255 10,236 1,601 55 275 475 376 768 (12.787) 34,603 66.182 STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 136.171 3.574 4,353 178,177 4,945 8.598 144.098 191,720 The average number of persons employed by the company during the year was as follows: 2024 2023 No. Management and Administration Duckworth Worcestershire Trust 10 17 For the year end 2024, all slaff were made redundant. Page 19
THE DUCKWORTh WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 STAFF COSTS (CONTINUED) No employee received remuneratK)n arnounting to more than £60.000 in either year. TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees received any remuneratM)n or other benefits (2023 - £NIL). During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL). TANGIBLE FIXED ASSETS Long-terni leasehold property Freehold land Motor Flxtures and vehicles fittings Total COST OR VALUATION At 1 June 2023 Disposals 88.281 444,177 (444.1TI) 17,795 (17.795) 110.237 (110.237) 660,490 1572.209) At 31 May 2024 88,281 88.281 At 1 June 2023 On disposals 444.177 1444.177) 8.236 18.236) 107.838 (107.838) 560.251 (560,251) At 31 May 2024 NET BOOK VALUE At 31 May 2024 88.281 88.281 At 31 May 2023 88.281 9.559 2,399 100.239 10. STOCKS 2024 2023 Finished goods and goods for resale 5.312 Page 20
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAAY 2024 11. FIXED ASSET INVESThIEKrs Llsted Inv•8trnents At 1 June 2023 Disposals Revaluations 163.645 (167,993) AT 31 MAY 2024 NET BOOK VALUE AT 31 MAY 2024 AT 31 MAY 2023 163,645 12. DEBTORS 2024 2023 DUE WITHIN ONE YEAR Trade debtors other debtors Prepayments and accrued inc(xne 1,160 36 6.253 1.829 1,070 2,899 7.449 13. CREDrroRS: AAIOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade creditors Other taxation arKI social security Other creditors Accruals and defefred income 5,642 6,803 819 3.943 13 2.750 2.763 17,207 Page 21
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMtTED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 14. STATEMENT OF FUNDS STATEMEMf OF FUNDS- CURRENT YEAR Balance at 1 June 2023 Transfers inlout Gainsl Balance at (Losses) 31 May 2024 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS DesJftated Funds 155,186 (155,1861 GENERAL FUNDS General Funds 50.028 79A61 (221,522) 155,186 67.401 TOTAL UNRESTRICTED FUNDS 205.214 79.361 1221.522) 4,348 67.401 ENDOWMENT FUNDS Endowment Fund 88.280 88,280 TOTAL OF FUNDS 293.494 79.361 (221.522) 155,681 Endowment funds comprise of in(x)me available for general purposes. The fund is represented by freehold land situated in Chapter Meadows. Designated funds comprise of capital expenditure on the Pump House Environmental Centre Project. Page 22
THE DUCKWOltrH WORCESTERSHIRE TRUST (A COMPANY LIIIITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MAY 2024 14. STATEMENT OF FUNDS IcoKfiNUED) STATEMENT OF FUNDS- PRIOR YEAR Balance at 1 June 2022 Gainsl Balance at (Losses) 31 May 2023 In(m ExpendFiure 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 ENDOWIIEKf FUNDS Endowment Fund 88.280 88,280 TOTAL OF FUNDS 425,886 187.238 (319.130) (500) 293.494 Page 23
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIAY 2024 15. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 1 June 2023 Transfers Inlout Galnsl Balanc• at (Losses) 31 May 2024 Income Expenditure Designated funds General funds End*vrnent funds 155,186 50.028 (155.186) 155,186 79.361 (221A22) 67A01 88.280 88,280 293.494 79,361 (221.522) 155,681 SUMMARY OF FUNDS- PRIOR YEAR Balance at 1 June 2022 Gainsl Balance at (Losses) 31 May 2023 Irrne Expenditure Designated funds General funds Endowment funds 155.186 182.420 88,280 155,186 50,028 88,280 187.238 {319.130) (500) 425.886 187,238 (319,130) {500) 293,494 16. ANALYSIS OF NET ASSEfs BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT PERIOD Endovmient Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 88.280 88,281 70,163 (2,763) 70,163 (2,763) TOTAL 88,280 67,401 155.681 Page 24
THE DUCKWORTH WORCESTERSHIRE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS (CONTINUED) ANALYSIS OF NEf ASSETS BETWEEN FUNDS - PRIOR PERIOD Endwnent Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due wrthin one year 88,280 11.959 163,645 46.817 (17.207) 100,239 163,645 46,817 (17,207) TOTAL 88,280 205,214 293,494 17. OPERATING LEASE COMMITMENTS At 31 May 2024 the company h1 commitments to make future rninffnum lease payments under non- CanlIable operaling leases as follows: 2024 2023 Not later than 1 year 14,548 18. RELATED PARTY TRANSACTIONS During the year, there were no related paty transactions for disclosure. 19. POST BALANCE SHEET EVENTS On the 16th of October 2024. 25 acres of land at Chapter meadrys was fulty disposed for £100.000. Page 25