KELMSCOT CHARITABLE TRUST
ACCOUNTS FOR THE YEAR ENDED
5 APRIL 2025
Shakespeare Martineau LLP No 1 Colmore Square Birmingham B4 6AA
AT272611.1
Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025
TRUSTEES' ANNUAL REPORT AT 5 APRIL 2025
The Trustees present their Annual Report, together with the receipts and payments accounts for the year ended 5 April 2025
Legal and Administrative Details
The Charity was established by a Trust Deed dated 17 May 2001.
The Charitable Registration Number is 1088018.
The Trustees who have served during the year are:
Mrs Camilla Frances Parker Cunningham Mrs Virginia Margaret Boulton Ms Verity Laura Kirby (died 12th August 2025)
The administration is carried out by the Trust Solicitors and this is also the principal office for enquiries:
Shakespeare Martineau LLP No 1 Colmore Square Birmingham B4 6AA
Investment Advisors during the year
Quilter Cheviot 8th Floor Two Snowhill Birmingham B4 6GA
Governance and Management
The Trust was established by Mrs Doreen Murray Green by way of a Trust Deed dated 17 May 2001. Decisions are made by the Trustees jointly in light of advice sought and obtained from the Trust Solicitors and Stockbrokers. Investment policy and banking arrangements are kept under ongoing review with recognition of the necessity for diversification and control of risk management. For example, the Trustees have accounts with Coutts and the mandate is that all cheques must be signed by a minimum of two Trustees.
The Trustees are all mature business people. Should a requirement arise in the future for new Trustees, a planned induction programme would be put in place. Communications and items of information from the Charity Commission are passed on to the Trustees as appropriate in order to keep them up to date.
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Kelmscot Charitable Trust
Accounts For The Year Ended 5 April 2025
TRUSTEES' ANNUAL REPORT AT 5 APRIL 2025
All matters of policy and management of the Charity are determined by annual meetings of the Trustees and correspondence carried out throughout the year, as required.
Objectives and Activities
The Trustees confirm they are fully aware of the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives by providing donations to various charities and individuals.
The Trustees are able to make grants to whomever they wish. However, in line with the wishes of Mrs Doreen Murray Green, they favour making grants to the inhabitants of Wombourne and the surrounding district who are in need of housing or who were denied a good education through no fault of their own.
When suitable beneficiaries meeting the above requirements are not identified, the Trustees review applications from charities, who are invited to make applications and, from these applications, the Trustees select charities which the Trustees feel could benefit from additional funding. Applications for funding from individuals are also considered. The Trust Solicitor is always available by letter and/or telephone to give information and advice.
During the year ended 5 April 2025 the Trustees' continued to assist a Wombourne special needs Charity by covering the cost of a new boiler. They also continued to provide quarterly distributions to another local Wombourne children's charity to meet rental committments on their building, out of which services to children and their families are being provided. The Charity also provided funds for a local school and also continued their committment to benefit the Wombourne community and surrounding area with donations to local foodbanks.
Achievements and Performance
The Trust, in the year ended 5 April 2025, gave financial assistance to charities, organisations and individuals totalling £22,678
Financial Review
The Trustees continually review the performance of the Trust's Investments and their expenditure, balancing the latter against the need to keep capital balances. Full details of all bank balances are reviewed at the annual meetings of the Trustees and are continually monitored by the Trust Solicitors.
Investment Policy
The Trustees' Policy on investment is that no one asset should represent more than 10% of the overall Trust Fund in order to maintain flexibility in case of the need for diversification. The investments should generally be marketable. The investment policy is medium risk over the long term. There are ethical investment constraints namely no investment within tobacco stocks or manufacturers of controversal weapons (cluster munitions and nuclear warheads). The Trustees have adopted an investment policy utilising the following benchmarks:-
| Medium Risk Investment Strategy UK Government Bonds UK Corporate Bonds Fixed Interest UK Overseas Total Equities Alternatives (incl. Property) Cash |
Benchmark Indices iBoxx £ UK Gilts IBoxx Sterling Corporates MSCI UK IMI MSCI AC World Ex UK Bank of England Base 50% iBoxx £ Gilt 1-5 years / 50% MSCI AC WorldIndex* |
12.00% 5.50% Asset |
17.50% 70.00% 10.00% 2.50% Allocation |
|---|---|---|---|
| 25.00% 45.00% |
|||
| 100% |
Additionally, the Investment Portfolio is under regular review with the Trust Investment Managers to ensure ongoing diversification with good income yields and prospects of capital appreciation.
Reserves Policy
The Trustees have set a Reserves Policy which requires that reserves be maintained at a level which ensures that the Charity's core activity could continue during a period of unforeseen difficulty, that a proportion of reserves be maintained in a readily realisable form and the calculation of the required level of reserves is an integral part of the Charity's planning, budget and forecast cycle.
The Reserves Policy takes into account risks associated with each stream of income and expenditure being different from that budgeted, planned activity levels and the Charity's commitments.
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Kelmscot Charitable Trust
Accounts For The Year Ended 5 April 2025
TRUSTEES' ANNUAL REPORT AT 5 APRIL 2025
Public Benefit
The Trustees have considered the guidance issued by the Charity Commission on "Charities and Public Benefit".
Plans for the Future
The Trustees continue to seek to identify organisations and individuals in the Wombourne area who could benefit from financial assistance from the Charity but have been able do identify a core group of 5 local organisations within the Wombourne area who the Trustees hope to continue supporting.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Annual Report and receipts and payments accounts.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
Review of Major Risks:
The Trustees confirm that the major risks to which the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.
Approved by the Trustees and Signed By:
Mrs Camilla Frances Parker Cunningham, Trustee
Mrs Virginia Margaret Boulton, Trustee
Dated
2025
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025
Receipts and Payments Account for the Year Ended 5 April 2025
| 2024 £ Receipts Income Receipts 26,313 Dividends and Interest on Investments Investments 218 Accrued Interest Receivable/ -Payable Deposit Interest 266 Coutts Business Reserve Account (gross) 59 Quilter USD Income Account 19 Quilter Euro Income Account 761 Quilter GBP Income Account - Shakespeares Client Account (gross) 27,637 Asset and Investment Receipts 929,641 Proceeds of Disposals of Investments 117 Net Foreign Exchange Receipts 3,028 Equalisation Payments 0 Cash for Fractions 100 Quilter Ex Gratia Payment 932,886 960,522 Total Incoming Resources Expenditure on Charitable Activities 932,505 Investments Purchased Donations 2,421 Donations 2022/23 21,010 Donations 2023/24 Donations 2024/25 23,431 Governance Costs 16,285 ShakespeareMartineau Administration Charges 2022/23 3,257 VAT 25,291 ShakespeareMartineau Administration Charges 2023/24 5,058 VAT - ShakespeareMartineau Administration Charges 2024/25 - VAT 5,240 Quilter Cheviot Investment Management Fees 1,048 VAT 20 - Quilter Cheviout Admin Charge 488 Coutts Banking and Overdraft Fees 500 Sally Reeves Independent Examiner Fee 23/24 Adjustments 151 Foreign Exchange Losses 57,298 Less 671 Donations Unpaid 22/23 9,510 Donations Unpaid 23/24 - Accrued ShakespeareMartineau Fees 500 Accrued Sally Reeves Independent Examiner Fee 4.21 Accrued Fees Quilter 10,685 1,002,548 Net Expenditure for the Year 42,026 - Net Receipts for the Year 52,663 Total Bank and Client Account Balance as at 5 April 2024 10,637 Total Bank and Client Account Balances as at 5 April 2025 Unrestricted Funds and Total Funds |
2025 £ 28.34 - - - - 28,200.00 - 6.65 - - 4,510.00 18,168.00 - - 4,449.00 889.80 20,988.50 4,197.70 16.40 - 20.00 502.17 1,000.00 0.21 - - - - - |
2025 £ 29,139.18 - 83.62 28.34 Unrestricted Funds and Total Funds |
|---|---|---|
| 29,251.14 28,206.65 |
||
| 57,457.79 2,500.00 22,678.00 32,063.78 - |
||
| 57,241.78 | ||
| 216.01 10,636.71 |
||
| 10,852.72 £ |
All income and expenditure relates to continuing activities.
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025
Statements of Assets and Liabilities Report at 5 April 2025
| 2024 £ Investments (at cost) 883,319 Market Value 5 April 2025: £885,951 Cash at Banks and In Hand 3,373 Quilter GBP Capital Account 0 Quilter GBP Income Account - Quilter USD Capital Account 5 Quilter USD Income Account - Quilter Euro Capital Account 671 5,000 Coutts Current Account 1,588 Coutts Business Reserve Account - Accrued Dividends Not Received in the Year - Cash in transit 893,955 Liabilities: Amounts Falling Due Within One Year 671 Donations approved but not paid 22/23 Donations approved but not paid 23/24 9,510 Donations approved but not paid in the year 500 Sally Reeves Independent Examiner Fee 24/25 - Shakespeare Martineau fees accrued but not paid 10,681 883,275 Unrestricted Funds of the Funds of the Charity These Financial Statements were approved by the Board of Trustees on the Shakespeares Client Account |
2025 £ 884.15 - - - - 670.59 5,000.00 4,297.98 - - 5,000.00 500.00 - |
2025 £ 859,876.24 10,852.72 |
|---|---|---|
| 870,728.96 £ 5,500.00 |
||
| 5,500.00 £ |
||
| 865,228.96 £ 2025 |
Mrs Camilla Frances Parker Cunningham, Trustee
Mrs Virginia Margaret Boulton, Trustee
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025
Notes to the Acounts for the Year Ended 5 April 2025
1. Accounting Policies
1.1 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 Charity and which have not been designated for other purposes.
1.2 Related Parties
Verity Kirby died 12th August 2025 and was acting as a Professional Trustee for the Charity and was a Partner of Shakespeare Martineau LLP up until her death. Shakespeare Martineau LLP has charged the Charity professional fees for admnistration services of £25,186 (2024 £30,348)
1.3 Trustees' Remuneration and Expenses
No remuneration was paid to the Trustees and no expenses were paid to or on behalf of any Trustees for the period 2025 or the prior period 2024.
1.4 Staff Cost
The Charity has no employees for the periods 2024 and 2025
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| Income | Receipts | £ | 29,119.13 | 20.05 | 29,139.18 £ |
- £ |
29,139.18 £ |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulated | Dividends | £ | - £ |
- £ |
|||||||||||||
| Market Value Unrealised |
05-Apr-25 Gain/Loss |
£ £ |
885,951 26,074.76 |
885,951.00 £ 26,074.76 £ |
Less Accumulated Dividends | Net Receipts | |||||||||||
| Book Value | 05-Apr-25 | £ | 859,876.24 | 859,876.24 £ |
|||||||||||||
| Nominal | 05-Apr-25 | 802,491.927 | |||||||||||||||
| Profit/Loss | £ | 1,658.74 | 605.52 | - | 2,264.25 £ |
||||||||||||
| Proceeds | £ | 19,000.00 | 9,200.00 | 28,200.00 £ |
|||||||||||||
| Cost of Sales | £ | 17,341.26 | 8,594.48 | - | 25,935.75 £ |
||||||||||||
| Purchase | Cost/ Adj | £ | 2,493.35 | 2,493.35 £ |
|||||||||||||
| Nominal | Bought/Sold | 2,196.837 | 16,183.986 | 8,020.924 | |||||||||||||
| P | S | S | |||||||||||||||
| Book Value | 06-Apr-24 | £ | 883,318.64 | - | 883,318.64 £ |
||||||||||||
| Description | Quilter Investors Ltd QC Global Inc & Growth Fund Units | Samsung Electronica Co Gdr Each Rep 25 Com Stk KRWqoo (Reg S) | Totals | Notes | A = Accumulated Dividend | C = Capitalisation/Reorganiation | D = Demerger | E = Equalisation | F = Fraction | P = Purchase | R = Redemption | S = Sale | T = Transfer | ||||
| Nominal | 06-Apr-23 | 824,500.00 | 5 |
Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025
| Date Detail Kingsway Church Wombourne High School WINGS March 2024 WINGS June/September 2024 WINGS December 2025 Kingsway Church WINGS March 2025 High Flyers TOTAL DONATIONS Gravel Hill Surgery 23/24 Note High Flyers, August 2023 - October 2023 arrears provided in 2023/24 Accounts DONATIONS DONATIONS PLEDGED BUT NOT PAID |
Paid in 2024/25 Amount £ 1,260.00 1,500.00 1,750.00 3,500.00 1,750.00 2,000.00 1,750.00 9,168.00 |
|---|---|
| 22,678.00 £ |
|
| 5,000.00 | |
| 5,000.00 £ |
|
| 27,678.00 £ i 670.59 |
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025 SCHEDULE OF CUMULATIVE DONATIONS PLEDGED
| Organisation/Individual Abbeyfield Society 2016/17 Acorn Childrens' Hospice 2002/03 2008/09 Acorns Childrens' Hospice - Worcs Project 2002/03 Acorns Childrens' Hospice - Worcs Project 2003/04 Air Ambulance 2023/24 Allens Croft Early Years Foundation 2002/03 Alzheimer's Society 2011/12 Birmingham Childrens' Hospital 2002/03 2003/04 2005/06 Birmingham Institute for the Deaf 2003/04 Birmingham Mencap 2003/04 Blakeley Heath County Primary School 2002/03 2009/10 Blundell's School 2003/04 Breakthrough Breast Cancer 2002/03 2005/06 Breast Cancer Campaign 2002/03 Cherry Trees Special School 2002/03 2009/10 Christie Hospital 2006/07 County Holdings for Inner City Kids 2003/04 Balance Carried Forward Distribution Period |
£ 500.00 1,000.00 |
£ 1,000.00 1,500.00 2,500.00 2,000.00 500.00 1,500.00 4,000.00 500.00 1,000.00 1,500.00 500.00 3,000.00 500.00 2,500.00 4,000.00 1,000.00 |
|---|---|---|
| 1,500.00 1,000.00 |
||
| 1,000.00 1,000.00 2,000.00 |
||
| 500.00 1,000.00 |
||
| 1,000.00 2,000.00 |
||
| 500.00 2,000.00 |
||
| 27,500.00 |
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025 SCHEDULE OF CUMULATIVE DONATIONS PLEDGED
| Balance Brought Forward DEC - Tsunami Appeal 2004/05 DEC - Asia Earthquake Appeal 2005/06 Deafblind UK 2002/03 Dreamakers 2009/10 The Ear Foundation 2003/04 EDT 2018/19 Endometriosis Trust 2006/07 The Extra Care Charitable Trust 2003/04 2005/06 2011/12 Foundation for Conductive Education 2002/03 2005/06 2008/09 2009/10 Fuel Bank Foundation 2022/23 Gravel Hill Surgery , Wombourne The Guide Dogs for the Blind 2003/04 2008/09 2009/10 2019/20 Happy Days 2006/07 2009/10 Harvest Trust 2002/03 2003/04 High Flyers 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2022/23 2023/24 2024/25 Hope House The Banbury Childrens Hospice 2004/05 2005/06 Independent Age 2009/10 Balance Carried Forward |
£ 2,000.00 1,000.00 |
£ 27,500.00 3,000.00 1,000.00 1,000.00 500.00 1,000.00 500.00 3,650.00 4,000.00 1,000.00 5,000.00 10,000.00 2,000.00 1,500.00 27,856.27 3,000.00 1,000.00 |
|---|---|---|
| 500.00 1,000.00 2,150.00 |
||
| 1,000.00 1,000.00 1,000.00 1,000.00 |
||
| 6,000.00 1,000.00 1,000.00 2,000.00 |
||
| 1,000.00 1,000.00 |
||
| 1,000.00 500.00 |
||
| 1,564.71 2,682.36 2,682.36 2,682.36 2,682.36 894.12 1,000.00 4,500.00 9,168.00 2,000.00 1,000.00 |
||
| 93,506.27 |
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025 SCHEDULE OF CUMULATIVE DONATIONS PLEDGED
| Balance Brought Forward 2008/09 2008/09 2018/19 2019/20 2022/23 2023/24 202345 Leonard Cheshire Disability 2016/17 Lifelites 2009/10 Lymph Vision Ltd 2022/23 Robert Lock 2012/13 2013/14 The Lost Gardens of Heligan 2002/03 MacMillan Cancer Support 2009/10 Midlands Air Ambulance 2016/17 2017/18 Mucopolysaccharide Diseases Society 2002/03 National Missing Persons Helpline 2003/04 NCH 2003/04 NICE 2016/17 NSPCC 2002/03 Mrs Sandra Pickett 2011/12 2008/09 Ludlow Ward 2005/06 High Dependency Unit 2005/06 Sunfield Childrens Home 2005/06 Motability 2005/06 Groundwork in Wolverhampton 2006/07 QE College 2009/10 Queen's College 2002/03 Rainbow Centre 2002/03 Balance Carried Forward Katharine House Hospice Kingsway Church Princess Royal Trust Rupert Jones & Agnes Hunt Orthopaedic & District Hospital Independent Age, West |
£ 1,000.00 1,000.00 1,000.00 2,760.00 2,000.00 |
£ 93,506.27 1,000.00 1,000.00 7,760.00 1,000.00 1,000.00 895.00 12,111.55 1,000.00 1,000.00 3,500.00 500.00 1,000.00 1,000.00 1,000.00 1,000.00 1,500.00 3,000.00 9,500.00 1,000.00 1,000.00 1,000.00 |
|---|---|---|
| 8,026.00 4,085.55 |
||
| 1,000.00 2,500.00 |
||
| 2,500.00 2,500.00 2,500.00 1,000.00 1,000.00 |
||
| 145,272.82 |
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025 SCHEDULE OF CUMULATIVE DONATIONS PLEDGED
| Balance Brought Forward Royaly Voluntary Service 2018/19 Royal Wolverhampton Trust 2019/20 The Sequel Trust 2003/04 2009/10 Sightsavers 2009/10 Special Olympics 2002/03 St Anthony's Cheshire Home 2002/03 St Basil's 2002/03 2008/09 2009/10 St Benedicts Biscop C of E School 2002/03 2006/07 2011/12 2012/13 2016/17 St Giles Hospice 2009/10 St Mungos 2009/10 South Staffordshire Council for Voluntary Service 2002/03 South Staffordshire First Responders 2013/14 Starlight Childrens' Foundation 2003/04 Stratford-Upon-Avon Grammar School for Girls 2002/03 Support Staffordshire 2013/14 Support Dogs 2021/22 The Venerable Bede Church Hall 2002/03 VSO 2002/03 Westfield Community Primary School Wombourne 2002/03 2021/22 Balance Carried Forward |
£ £ 145,272.82 1,000.00 2,000.00 500.00 1,000.00 1,500.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 3,000.00 500.00 500.00 1,500.00 2,500.00 1,000.00 6,000.00 1,000.00 1,000.00 1,000.00 2,378.63 1,000.00 500.00 3,500.00 500.00 5,000.00 500.00 500.00 29,277.00 29,777.00 |
|---|---|
| 207,928.45 |
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Kelmscot Charitable Trust Accounts For The Year Ended 5 April 2025 SCHEDULE OF CUMULATIVE DONATIONS PLEDGED
| Balance Brought Forward WINGS 2013/14 2014/15 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2023/25 Wolverhampton Grammar School 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2008/09 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 Wolverhampton Girls High School 2013/14 2015/16 2016/17 2017/18 The Wolverhampton NHS Trust Charity 2012/13 2016/17 Wombourne Children's Centre 2011/12 The Wombourne Games Trust 2011/12 Wombourne & Kinver Adult Education Centre 2011/12 Wombourne (Formerly Ounsdale) High School 2002/03 2011/12 Abbiss Schoolwear 2022/23 2023/24 Wombourne Village Hall 2022/23 WRVS New Cross Hospital 2012/13 Total Cumulative Donations |
£ 2,500.00 1,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 13,380.24 14,400.00 15,660.00 16,584.00 17,364.00 18,288.00 37,512.75 8,170.00 12,679.95 13,059.90 13,155.00 13,529.00 14,392.80 12,857.00 4,556.69 |
£ 207,928.45 45,500.00 225,589.33 2,361.05 1,500.00 500.00 1,500.00 1,500.00 3,750.00 100.00 500.00 |
|---|---|---|
| 850.00 133.45 358.45 1,019.15 |
||
| 500.00 1,000.00 |
||
| 500.00 1,500.00 250.00 1,500.00 |
||
| 490,728.83 £ |
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