2025-06-30-accounts - The Wentworth Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

REGISTERED CHARITY NUMBER: 1078792

Report of the Trustees and

Audited Financial Statements for The Year Ended 30 June 2025

For The Wentworth Charity

2025_06_30_WC_ Financial Statements LLM_V03

THE WENTWORTH CHARITY

TRUSTEES REPORT

YEAR ENDED 30 JUNE 2025

The Trustees present their report with the Financial Statements of the Charity for the year ended 30 June 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1078792

PRINCIPAL ADDRESS

Fitzwilliam Wentworth Estate 27 Clayfields Lane Wentworth Rotherham S62 7TD

TRUSTEES

Sir Philip Naylor-Leyland Bt. Mr Johathan Roger Knight Mr Brendan John McNamara Mr Thomas Mark Wallbank Mrs Cynthia Shaw Mr James H J Behrens Mr Alexander Williams James Davies-Terry

INDEPENDENT AUDITOR

Simon Turmer Armstrong Watson Audit Limited One Strawberry Lane Newcastle NEI IRJ

PRINCIPAL BANKERS

Barclays Bank plc 3 St James Court Whitefriars Norwich NR3 IRJ

SOLICITORS

Muckle LLP Time Central 32 Gallowgate Newcastle upon Tyne NEI 4BF

THE WENTWORTH CHARITY

TRUSTEES REPORT YEAR ENDED 30 JUNE 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Wentworth Charity was formed by a Scheme dated 5" February 2008 amalgamating three formerly related charities: William Earl of Strafford & Others, Richard Morris & Ann Pickles for the Vicar and the (old) Wentworth Charity. In the interest of recording the origins of this Wentworth Charity, details of each of the former charities are set out below.

William Earl of Strafford & Others (no: 1078792)

This charity was established in 1691 by William 2nd Earl of Strafford, Lord of the Manor, and other freeholders who assigned rents from lands at Thorpe Hesley for the purpose of assisting the chapelry of Wentworth with its relief for the poor. At this time, 2/3rds of the income was committed to the relief of the poor and 1/3rd to the curate of the chapel of Wentworth. The terms of the charity empowered the Lord of the Manor to exchange the original land with other land of no lesser value and in 1726 Sir Thomas Wentworth, then Lord of the Manor, settled other lands at Tankersley Park extending to just over 90 acres. In 1891 a scheme for the administration of the charity was prepared and provided for the application of 2/3rds net income for the relief of the poor in the Township of Wentworth and 1/3rd to the vicar of the Ecclesiastical District of Holy Trinity Church, Wentworth.

Richard Morris & Ann Pickles for the Vicar (no: 810077) This charity was established by deed of gift in 1697 including the grant of lands at Smithy Bridge Close and Newhill (subsequently sold). In 1891 a scheme for the administration of the charity was established with the Charity Commission providing for the application of half net income to the vicar of the Ecclesiastical District ofHoly Trinity Church, Wentworth, one quarter for the relief of the poor in the Township of Wentworth and one quarter towards the support and maintenance of the school at Barrow with the advancement of education of children in Wentworth. In 1975 the Charity was formally divided into four equal parts, two for the Vicar (this charity), one for the poor and the fourth for promoting education. The Charity of Richard Morris & Ann Pickles for the Vicar applied the whole of its net income to the Vicar of Wentworth for his own use and benefit.

Wentworth Charity (no: 225243)

A scheme dated 1* December 1975 resulted in the amalgamation of four charities into a single charity called the Wentworth Charity. The former charities were the Charity of George Holmes, the Charity of the Reverend William Spencer, the Unknown Donors Charity and the Charity of Richard Morris and Ann Pickles for the Poor. The objects of the Wentworth Charity included the payment of pensions, relieving need of person’s resident within the Parish and for the greater benefit of the inhabitants of the Parish.

Nature of constitution

The charity operates as an unincorporated charitable organisation.

Recruitment and Appointment of Trustees

The number of Trustees shall, when complete, consist of nine including four nominative trustees appointed by the Parish Council of Wentworth and five co-opted trustees. The Nominative Trustees serve for a period of four years and the Co-optative Trustees for a period of five years.

Training of Trustees

Before appointment, trustees are provided with a comprehensive introduction to the charity’s assets, its governance and management. They are also provided with a copy of the Charity Commission guidance note — ‘The Essential Trustee’. Trustees are kept informed of key changes in charity law by the Clerk.

Organisation

The Trustees are identified on page 1 of the accounts. The routine administration of the charity is carried out by the Clerk based at the Estate Office, Wentworth, Rotherham.

THE WENTWORTH CHARITY

TRUSTEES REPORT

YEAR ENDED 30 JUNE 2025

Risk Management

The trustees have examined the major strategic, business and operational risks which the charity faces and are satisfied that systems have been established to address the identified risks.

OBJECTS AND ACTIVITIES

Objects of the charity

1) The relief of persons resident in the parish of Wentworth who are in need, hardship or distress.

a. The trustees may relieve such persons in need by: i. making grants of money to them; or
ii. providing or paying for goods, services or facilities for them; or
iii, making grants of money to other persons or bodies who provide goods, services or facilities to those in need.
b. In exceptional cases, the trustees may decide to assist someone (who is otherwise qualified) who is: i. resident outside the parish of Wentworth; or
ii. only temporarily resident in the parish.
2) The general benefit of the inhabitants of the parish of Wentworth in such charitable ways as the trustees think fit.
3) The payment of income of the charity to the Vicar of the Ecclesiastical Parish of Holy Trinity of Wentworth for their own use and benefit

Use of income and capital

The Scheme established in 2008 requires the trustees to apply net incoming resources, excluding unrealised gains or losses on investment assets, as follows:

a. 70% in furtherance of objects 1) and 2) above b. 30% in accordance with object 3) above. This is subject to a provision that, in the event of there being an interregnum between the appointment of vicars, this amount of income may be applied for the purpose of the first two objects of the charity for the period of the interregnum.

The trustees may also apply expendable endowment for the objects of the charity.

Strategies for Achieving Objectives

The charity’s strategies for achieving these aims include generating sufficient funds to cover normal running and maintenance costs by charging residents an approximately equivalent contribution as well as accumulating sufficient reserves to cater for exceptional expenditure.

In view of the long-term nature of the trust assets and its charitable objects the trustees apply these principal strategies on a continuing basis.

THE WENTWORTH CHARITY

TRUSTEES REPORT

YEAR ENDED 30 JUNE 2025

Significant Activities

The charity’s significant activities comprise the letting of its property, holding financial investments and distributing income.

Policy for Making Grants

Net income is distributed in accordance with the 2008 Charity Scheme.

Public Benefit

The charity’s trustees have considered the guidance on public benefit published by the Charity Commission and are of the view that their policies and activities are consistent with the requirements of section 4 of the Charities Act 2006. The trusts activities provide the following recognised public benefits:

e The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage;
e The advancement of religion;
e Other purposes currently recognized as charitable.

ACHIEVEMENTS AND PERFORMANCE

Charitable Activities Undertaken

The main source of income is from cash deposit balances and investments which for 2025 was £209,609 (2024: £507,720). The other main source of income remains rent receivable which for 2025 was £9,249 (2024: £8,803).

These levels of returns are considered by the trustees to be satisfactory. Resources expended have been in line with previous years.

FINANCIAL REVIEW

Results

The results for the year are set out in the attached financial statements. The net movement in funds amounted to £200,850 (2024: £478,147). The value of the Charity’s investments decreased during the year by £345,433. Retained funds at 30 June 2025 amounted to £11,725,614 (2024: £11,926,465).

Reserves Policy

After meeting the proper costs of administering the charity, net income is applied in furthering the objects. Unrealised gains on investments are retained and the trustees consider it prudent to retain reserves in an unrestricted general fund.

Review of activities

The Charity continued to distribute grant payments during the year, in line with the recent years.

THE WENTWORTH CHARITY

TRUSTEES REPORT

YEAR ENDED 30 JUNE 2025

INVESTMENT POLICY

It is the trustees’ policy to maintain a level of investment which generates sufficient income to allow the trust to carry out its charitable objectives on a sustainable basis for the long term. The investment policy is directed towards securing the maximum overall return on the trust’s assets commensurate with an appropriate level of risk for a charitable trust investor. It is the Trustees’ policy to retain its investments in land which have a long association with the Charity (since 1726) until such time as it is possible to realise substantial capital gain. No special social or ethical constraints are placed on the choice of investments and non-property investments are currently placed in income units in the C.O.LF. fund with the objective of achieving above average total return and dividends.

PLANS FOR FUTURE PERIODS

In response to the significant change in cash position, the Charity’s future governance, objects, investment strategy and approach to grant allocation will be subject to review by a working group who will bring recommendations to the AGM. Consideration will also be given to the most appropriate means of disposal of residual lands.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed requires the trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to: -

‘a select suitable accounting policies and then apply them consistently; ‘a observe the methods and principles in the Charity SORP; Lei) make judgements and estimates that are reasonable and prudent; ie] prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the trust and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

==> picture [87 x 28] intentionally omitted <==

----- Start of picture text -----
Ny\ =
----- End of picture text -----

BY ORDER OF THE TRUSTEES

Date: | \ral fabrvarly 2024

INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF

THE WENTWORTH CHARITY

YEAR ENDED 30 JUNE 2025

Opinion

We have audited the financial statements of The Wentworth Charity (the ‘charity’) for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ofIreland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

— give a true and fair view of the state of the charity’s affairs as at 30 June 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

¢ — the information given in the trustees' report is inconsistent in any material respect with the financial statements; or ° — sufficient accounting records have not been kept; or * — the financial statements are not in agreement with the accounting records; or ° — we have not received all the information and explanations we require for our audit.

Simon Turner (Feb 25, 2026 21:19:29 GMT)

25/02/2026

THE WENTWORTH CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 JUNE 2025

		70% /30%	restricted income
			fund
		2025	2024
	Note	£	£
INCOMING RESOURCES
Activities for generatingfunds:
Investmentincome	2	218,858	516,523
Totalincoming resources		218,858	$16,523
RESOURCES EXPENDED
Cost ofgenerating funds
Costofgenerating voluntary income		22,498	10,177
Charitable activities
Support the Parish ofWentworth	3	41,977	66,599
		64,475	76,776
Governance costs
AuditFee		9,800	7,000
Total resources expended		74,275	83,776
NETINCOMING RESOURCES		144,583	432,747
Revaluation ofinvestments	5	(345,433)	45,400
Total funds broughtforward		11,926,464	11,448,317
Totalfundscarriedforward		11,725,614	11,926,464

THE WENTWORTH CHARITY

BALANCE SHEET

AS AT 30 JUNE 2025


	Note		£	£	£	£
FIXED ASSETS		:
Investment Property	4			1,278,450		1,278,450
Fixtures and fittings				324		-
Investments	5			10,256,616		601,834
				11,535,390		1,880,284
CURRENTASSETS
Debtors	6		20,266		20,568
Cash atbank			180,931		10,076,068
			201,197		10,096,636
CREDITORS
Amounts falling duewithinone year	7		(10,973)		(50,455)
NETCURRENTASSETS				190,224		10,046,181
				11,725,614		11,926,465
FUNDS
Unrestricted Funds	9			11,725,614		11,926,465
				11,725,614		11,926,465

Approved by the Trustees on | | rh februaw) “202G

==> picture [196 x 92] intentionally omitted <==

----- Start of picture text -----
sro brates WaalatGiatstioM eaalels stamens aiaeeoeues, LERSCOS
SbsebeR GE SHSTRU AT eS ETA N a addib asa lgaicesecde: | TUstee
----- End of picture text -----

THE WENTWORTH CHARITY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

1. ACCOUNTING POLICIES

Accounting convention

The financial statements of the trust, which is a public benefit entity under FRS 102, have been under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), “Accounting and Reporting by Charities: Statement of Recommended Practice and with applicable accounting standards and the Charities Act 2011.

Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Resources expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Investment property

Investment properties are carried at fair value determined annually by the trustees. Valuations are performed on an open market basis at the balance sheet date. The valuation is at the Trustees’ estimate as they do not believe that the expense of a professional valuation is in the interest of the members. No depreciation is provided. Changes in fair value are recognised in the Statement of Financial Activities.

Taxation

The Charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of trustees.

Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered and future interest.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due and future interest.

Cash and Bank

Cash and bank resources are recorded in the balance sheet in a bank current account and deposit fund account.

Investments

Investments are included in the financial statements at market value as at the balance sheet date. Realised and unrealised gains and losses on investments are included in the Statement of Financial Activities.

THE WENTWORTH CHARITY

eeeaa

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

Going Concern

The trustees assess whether the use of going concern is appropriate i.e., whether there is any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of authorisation for issue of the financial statements and have concluded that no material uncertainties exist.

2.	INVESTMENTINCOME	2025	2024
		£	£
	Rents received	9,249	8,803
	Dividends Receivable	47,488	12,118
	Deposit account interest	162,121	495,602
		218,858	516,523
3.	SUPPORTTO PARISH	2025	2024
		£	£
	Charitable activities - Donations	40,542	65,024
	Charitable activities—Christmas Vouchers	1,435	1,575
		41,977	66,599

THE TRUSTEES OF THE WENTWORTH CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 30 JUNE 2025

==> picture [463 x 49] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |4.|INVESTMENT PROPERTY|2025|2024| |£|£| |Cost| |At Beginning|and|end of year|1,278,450|1,278,450|

----- End of picture text -----

In previous years, the value of the land was unknown. Due to sale of a part of the land in 2023, the Trustees had valued the remaining land as at 30 June 2024 to have an expected market value of £1,278,450, which remains unchanged at 30 June 2025.

==> picture [466 x 541] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |The|investments|comprise|of the|following|at|cost|2025|2024| |£|£| |At Beginning|and end of year|1,278,450|1,278,450| |3.93|acres|of industrial|land|(Plot|5)|at Hoyland West|884,250|884,250| |2.32|acres|of residential|land|(Plot|6)|522,000|522,000| |Approx.1.22|acres|of allotments,|gardens|12,200|12,200| |1,418,450|1,418,450| |Less:|SCRIF|insufficient|development provision|140,000|140,000| |1,278,450|1,278,450| |5.|INVESTMENTS|2025|2024| |£|£| |COIF|Charity|Shares|on|015|July 2024|601,834|556,434| |Unrealised gain/(loss)|on revaluation|(345,433)|45,400| |Additions|10,000,216|-| |At 30"|June 2025|10,256,616|601,834| |6.|DEBTORS|2025|2024| |£|£| |Due|within|one|year:| |Trade|Debtors|(448)|344| |Prepayments|289|278| |Land|sale|suspense|320|320| |Other|Debtors|20,106|19,626| |20,266|20,568| |7.|CREDITORS:|AMOUNTS|DUE WITHIN|ONE YEAR|2025|2024| |£|£| |Trade|creditors|1,812|35,908| |Other|creditors|9,161|14,547| |10,973|50,455|

----- End of picture text -----

THE WENTWORTH CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 30 JUNE 2025

8. TRUSTEES’ REMUNERATION AND BENEFITS

Trustees did not receive any remuneration for the year (2024-nil) and were not reimbursed for any expenses in the year (2023-nil)

9. FUND BALANCES

FUND BALANCES
	Unrestricted
	Income Fund
Balance 01 July	11,926,464
Netoutgoing resources	144,583
Revaluation ofinvestments	(345,433)
Balance30June	11,725,614

10. RELATED PARTY TRANSACTIONS

During the year Milton (Peterborough) Estates Company charged £3,247 (2024: £523) for administration services. At the year-end, £1,565 (2024: £268) was owed to Milton (Peterborough) Estates Company.