THE LIN BERWICK TRUST REGISTERED CHARITY NO. 1083039 (ENGLAND)
REGISTERED CHARITY NO. SC039659 (SCOTLAND)
A COMPANY LIMITED BY GUARANTEE, NUMBER 4055205 REGISTERED IN ENGLAND
REPORT OF THE DIRECTORS & TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
MOORE GREEN CHARTERED ACCOUNTANTS SUDBURY SUFFOLK
THE LIN BERWICK TRUST
CONTENTS
| PAGE | |
|---|---|
| Charity Information | 1 |
| Trustees' Report | 2-4 |
| Independent Examiner's Report | 5-6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-13 |
| Detailed Income and Expenditure Account | 14 |
THE LIN BERWICK TRUST
| CHARITY INFORMATION | CHARITY INFORMATION | |
|---|---|---|
| Directors & Trustees | I Duncan | |
| J Wilkins | ||
| J Budd | ||
| S Howting | ||
| Company Secretary | M Toosey | |
| Registered Office | 22 Friars Street | |
| Sudbury, | ||
| Suffolk. | ||
| CO10 2AA | ||
| Independent examiners | Moore Green | |
| 22 Friars Street, | ||
| Sudbury, | ||
| Suffolk. | ||
| CO10 2AA | ||
| Bankers | HSBC Bank PLC | |
| 133 Regent Street, | ||
| London. | ||
| W1B 4HX | ||
| Company Number | 4055205 | |
| Charity Number | 1083039 | England |
| SC039659 | Scotland |
Page 1
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 DIRECTORS AND TRUSTEES' REPORT
The Directors and Trustees present their report with the accounts of The Lin Berwick Trust for the year ended 31 December 2024.
Statement of Trustees' Responsibilities
The Trustees (who are also directors of The Lin Berwick Trust for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit for its financial year.
In doing so the Trustees are required to:
-
(a) Select suitable accounting policies and apply them consistently;
-
(b) Observe the methods and principles in the Charities SORP;
-
(c) Make judgements and estimates that are reasonable and prudent;
-
(d) State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;
-
(e) Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that the accounts comply the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) . They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors and Trustees
All directors of the company are also Trustees of the charity, and there are no other Trustees.
The Trustees in office during the year were as follows:
I Duncan J Wilkins J Budd S Howting
Appointment of Trustees is governed by the Memorandum and Articles of the Charity. The Trustees are authorised to appoint new Trustees to fill vacancies through resignation or death of an existing Trustee. The main day-to-day management of the Trust has been delegated to the Trust Manager.
Page 2
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024
DIRECTORS AND TRUSTEES' REPORT CONTINUED
The Charity's Objectives
The aim of the charity is as follows:
To provide relief for physically disabled people, their families and carers, through the provision of grants for holidays.
Presentation
The accounts have been prepared in order to comply with the Statement of Recommended Practice - Accounting by Charities 2019.
Status
The company is registered under the Companies Act as a company limited by guarantee and not having a share capital (number 4055205 registered in England). The company is registered as a charity in England (number 1083039) and in Scotland (number SC039659). The company is governed by its Memorandum and Articles of Association. The accounts comply with current statutory requirements and with the company's governing document.
Reserve Policy
All three holiday properties have been transferred to new owners to change the business model and donate all three properties to like-minded charities.
Identification of, and Action to Mitigate, Major Risks
The Directors and Trustees have adopted a Financial Control Policy which is regularly reviewed. Expenditure requires authorisation by the board of Trustees before payment can be made. Monthly management accounts are prepared and distributed to the board of Trustees, along with a commentary on the charity's current financial position, expectations of future income and expenditure, and any variation from previous expectations.
The Trustees regularly review the policies and day-to-day operations of the Trust with a view to identifying any issues within the systems and any areas of risk to which the charity might be exposed. It is the policy of the Trustees to take all reasonable steps to ensure that any such risks are clearly quantified and that action to remedy them is undertaken immediately. Similarly where any deficiencies in the systems of the charity are identified, action is taken to remedy these as quickly as possible.
Public Benefit
The Lin Berwick Trust provides grants to people who are disadvantaged as a result of their disabilities so that they can have a holiday at one of its three former specialist holiday properties. In so doing it supports both the individual with disabilities and their carers.
Page 3
31DE Flnan¢W R8¥hw The incomefor theTrusl forthe yearwas E28.158 agaknst a tolal for 2(r23 of£12911. Therewas volunlary inwm (rf£24,367 {2023 £9,513) in trAal In¢ome. Resems now stand 81 £188.475 att ofTAt rnl*• lo dwol ofthe tho1 opety hekl by the TnJ8L d15)n lo chang8 the buslness model aThJ b) donato au thrn• dtho pwrfitss to WrttrmhNJed th•rfllM. Th• thlryl lrnn8forr•d108tyowkn January 2021 The remaknlng cagh re8eNes be used to mIes[sn fcf al the thf0MSpeClIIt ho Th? rnason forth18 declthn was thaiwfth onty tlireo ho]Iday iental arciund tkn VAT ' IlwesW but djd nol offer the opportunlty lo 8x(wJ it sufficknntb b m•k• VAT TegkkJn vhbb. Wtth no CnC4 of ' inue85iN its Income tho was unabl• to lake on m¢)ro $laff. Thb mod• th& ond management af o fwth trdlday propety inw. Wthout Ihe abiW tO9mw and Ihe c05t 0fmaintain& th8 8xisllng ILIaY Propert o)nlnwng to r itwas doartW existing buslness m(M rrf) Wviablè. In Igm oltho abo. th• etsrftyvAI nol •ny fulurn done The polty ol Tnwt In ts 8ppotnlnnl ofnwTnMtO8815 orty recixnmBndallon ¢urr•nt Tru8t•65. Ali nthvTNsl¢M mu¥t w4kle an ¢Wo41 CV logether e¥kl8rKe OffrneAll kM. ' oither dk•ct oldlsabfty, 8¥klen( ofmkldl• trj 8enK)r m•nagemert ewrknnce In tduslry the servlo an Y possbkn, gome lAdye oftt T$1 iU5 (self<alering hol). Al n8w tlw l&elhe Trust the Tn*1kn8'lheffL' . /2
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS & TRUSTEES
I report on the accounts of the charitable company for the year ended 31 December 2024 which are set out on pages 7 to 13.
This report is made solely to the charitable company’s Trustees and directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the accounts that we have been engaged to compile, report to the Trustees and directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Trustees and directors as a body, for our work, for this report, or for the independent examiner's statement given.
Respective responsibilities of Trustees and examiner
The Trustees (who are also the directors of the Lin Berwick Trust for the purpose of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities Act 2011. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) nor under Regulation 10 (1)(a) to (c) of The Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulation) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of ACCA and ICAEW.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
follow the procedures laid down in the general Directions given by the Charity Commission under section
- 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.
-
examine the accounts as required under section 44 (1) (c) of the Charities and Trustee Investment (Scotland) Act
-
• 2005.
Basis of independent examiner's report
y
My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 and the Charities Act 2011. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Page 5
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS & TRUSTEES
Independent examiner's statement
In connection with my examination, no material matters have come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, section 44(1)(a) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations; and
-
which are consistent with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Vincent Chandler FCA FCCA Independent Examiner Moore Green Chartered Accountants & Registered Auditors 22 Friars Street, Sudbury, Suffolk. CO10 2AA.
Date 14.05.2025
Page 6
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES
| INCOMING RESOURCES: Donations and legacies Investment income Total incoming resources RESOURCES EXPENDED: Expenditure on charitable activities Other expenses Total resources expended Net movement in funds Balance brought forward Revaluation Reserve Transfers between reserves Balances carried forward at 31 December 2024 |
NOTE UNRESTRICTED £ 2 24,367 3,791 28,158 4 42,606 3 34 42,640 (14,482) 14 202,957 14 0 0 14 188,475 |
NOTE UNRESTRICTED £ 2 24,367 3,791 28,158 4 42,606 3 34 42,640 (14,482) 14 202,957 14 0 0 14 188,475 |
TOTAL TOTAL RESTRICTED 2024 2023 £ £ £ 0 24,367 9,513 0 3,791 3,398 |
|---|---|---|---|
| 0 28,158 12,911 0 42,606 231,602 0 34 13 |
|||
| 42,640 | 0 42,640 231,615 |
||
| 0 (14,482) (218,704) 0 202,957 595,242 0 0 -173,581 0 0 0 |
|||
| 0 188,475 202,957 |
All disclosures relate to continuing operations.
Page 7
LIN BERWICK TRiAT EN[D 31 DECEMBER 189.710 189.710 204.155 204.155 I•¥Un tslung du• *hln 1 >•w 188.4TJ UABILmE8 188A75 202.957 12 188.475 202,957 188.475 r•tsxd$ 8nd for the pparab of )unt coThynles reglm&
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
1.1 General information and basis of preparation
The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) -
(Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
The Lin Berwick Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transition value unless otherwise stated in the relevant accounting policy note(s).
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
1.2 Funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
1.3 Income recognition
Voluntary income and donations are accounted for as received by the charity.
The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
No permanent endowments have been received in the year.
Investment income and gains are allocated to the appropriate fund.
1.4 Expenditure recognition
Administration expenditure includes all expenditure not directly related to the charitable activity. This includes staff salaries for administration staff and the auditor's fee.
Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the charity's work.
Page 9
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED
1.5 Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment
33% on cost
Fixed assets donated to the charity are included as donation income at market value at the time of receipt.
1.6 Debtors and Creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
1.7 Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
1.8 Value added tax
Value added tax is recoverable by the charity and as such is excluded from the relevant income and costs in the statement of financial activities.
1.9 Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets definition of a charitable company for UK corporation tax purposes.
1.10 Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern for the forseeable future.
1.11 Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Page 10
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS CONTINUED
2. DONATIONS AND LEGACIES
| ATIONS AND LEGACIES | |
|---|---|
| Bequests Donations from individuals and organisations Grants receivable R EXPENSES Legal and professional fees NDITURE ON CHARITABLE ACTIVITIES Staff costs Insurance Depreciation Other direct charitable expenditure Independent Examiners fees Bank and merchant charges |
Total Total Unrestricted Restricted 2024 2023 |
| 24,167 0 24,167 7,500 200 0 200 250 0 0 0 1,763 |
|
| 24,367 0 24,367 9,513 |
|
| Total Total Unrestricted Restricted 2024 2023 |
|
| 34 0 34 13 |
|
| 34 0 34 13 |
|
| Total Total Unrestricted Restricted 2024 2023 |
|
| 6,558 0 6,558 7,120 0 0 0 370 0 0 0 2,185 34,725 0 34,725 220,255 1,200 0 1,200 1,550 123 0 123 122 |
|
| 42,606 0 42,606 231,602 |
3. OTHER EXPENSES
4. EXPENDITURE ON CHARITABLE ACTIVITIES
5. SURPLUS FOR THE YEAR
The surplus of income over expenditure is stated after charging:
Independent Examiner's Fee
| 2024 | 2023 | |
|---|---|---|
| 1,200 | 1,550 |
Page 11
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED
6. STAFF COSTS
No remuneration or expenses reimbursed were paid to Trustees in the year. The cost of the remaining staff were:
| Wages and salaries Pension |
6,117 6,679 441 441 |
|---|---|
| 6,558 7,120 |
The average number of employees for the year was 1. No remuneration was paid to the Trustees.
7. TANGIBLE FIXED ASSETS
| COST At 1 January 2024 At 31 December 2024 DEPRECIATION At 1 January 2024 At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2022 |
Computer Equipment Totals |
|---|---|
| 1,232 1,232 |
|
| 1,232 1,232 1,230 1,230 |
|
| 1,230 1,230 |
|
| 2 2 |
|
| 2 2 |
The website was closed down during the year as no further bookings will be made with the charity and as such the website no longer serves a purpose. On this basis there has been a permanent diminution in value of the asset.
8. DEBTORS - amounts falling due within one year
| ORS - amounts falling due within one year | |
|---|---|
| Other debtors ITORS - amounts falling due within one year Trade creditors, accruals and deferred income |
2024 2023 |
| 0 0 |
|
| 0 0 |
|
| 2024 2023 |
|
| 1,237 1,200 |
|
| 1,237 1,200 |
9. CREDITORS - amounts falling due within one year
Page 12
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED
10. CAPITAL
The Lin Berwick Trust is a company limited by guarantee, not having any share capital.
11. CONTROLLING PARTY
There is no controlling party, due to the fact there is no share capital and no single Trustee/director has overall authority.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balances at 31 December are represented by: Tangible fixed assets Current assets including cash at banks Current liabilities |
Unrestricted Total Total Reserves 2024 2023 2 2 2 189,710 189,710 204,155 (1,237) (1,237) (1,200) |
Unrestricted Total Total Reserves 2024 2023 2 2 2 189,710 189,710 204,155 (1,237) (1,237) (1,200) |
|---|---|---|
| 188,475 188,475 202,957 |
13. TRUSTEES AND RELATED PARTY TRANSACTIONS
During the year the charitable company rented premises from another charity with some of the same Trustees. The rent was on a commercial basis and amounted to £2,244.
14. ANALYSIS OF RESERVES
| LYSIS OF RESERVES | |
|---|---|
| Unrestricted Reserves Revenue account Free Reserves Total Reserves |
Transfers Balance at Incoming between Balance at 01/01/2024 Resources Expenditure Reserves 31/12/2024 |
| 202,957 28,158 42,640 0 188,475 |
|
| 202,957 28,158 42,640 0 188,475 |
|
| 202,957 28,158 42,640 0 188,475 |
The revaluation reserve was cleared during the year upon the sale of the final property.
15. GOING CONCERN
Following the donation of the final specialist holiday property to new owners and the consequent further reduction in overheads the Trustees consider that with the current level of cash reserves and the proposed level of annual grant-funding the charity will be able to continue as a going concern for the foreseeeable future.
Page 13
THE LIN BERWICK TRUST
YEAR ENDED 31 DECEMBER 2024 DETAILED INCOME AND EXPENDITURE ACCOUNT
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | 2024 | 2023 | ||
| INCOME: | ||||||
| - Office | ||||||
| Bequests | 2 | 24,167 | 0 | 24,167 | 7,500 | |
| Donations | 2 | 200 | 0 | 200 | 250 | |
| Grants - General | 2 | 0 | 0 | 0 | 1,763 | |
| Interest Received | 3,791 | 0 | 3,791 | 3,398 | ||
| TOTAL INCOME | 28,158 | 0 | 28,158 | 12,911 | ||
| EXPENDITURE: | ||||||
| Expenditure on charitable Activities | ||||||
| - Office costs | 4 | |||||
| Independent Examiner/Accountancy fees | 5 | 1,200 | 0 | 1,200 | 1,550 | |
| Bank & Merchant charges | 123 | 0 | 123 | 122 | ||
| Expenses - Office | 819 | 0 | 819 | 782 | ||
| Insurance | 0 | 0 | 0 | 62 | ||
| Donations | 30,777 | 0 | 30,777 | 28,618 | ||
| Staff salaries | 6 | 6,117 | 0 | 6,117 | 6,679 | |
| Pension | 6 | 441 | 0 | 441 | 441 | |
| Legal fees | 6 | 885 | 0 | 885 | 999 | |
| Rent and rates | 2,244 | 0 | 2,244 | 1,582 | ||
| Profit/loss on permanent diminution in value- website | 0 | 0 | 0 | 2185 | ||
| 42,606 | 0 | 42,606 | 43,020 | |||
| - Berwick Cottage | ||||||
| Insurance | 0 | 0 | 0 | 133 | ||
| 0 | 0 | 0 | 133 | |||
| - Denis Duncan House | ||||||
| Insurance | 0 | 0 | 0 | 89 | ||
| 0 | 0 | 0 | 89 | |||
| - Ralph Boyce House | ||||||
| Insurance | 0 | 0 | 0 | 86 | ||
| 0 | 0 | 0 | 188,274 | |||
| 0 | 0 | 0 | 188,360 | |||
| Other expenses | 3 | |||||
| General governance costs | 34 | 0 | 34 | 13 | ||
| 34 | 0 | 34 | 13 | |||
| TOTAL EXPENDITURE | 42,640 | 0 | 42,640 | 231,615 | ||
| EXCESS EXPENDITURE OVER INCOME | (14,482) | 0 | (14,482) | (218,704) |
Page 14