Trustees’ Annual Report for the period
From 01/10/2023 Period start date To 30/9/2024 Period end date
Charity name: The Paul Farrer Charitable Trust
Charity registration number: 1127061
Objectives and Activities
| Objectives and Activities | Objectives and Activities | Objectives and Activities |
|---|---|---|
| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document Para 1.17 The objects of the charity are to provide funding to such charitable purposes according to the Law of England and Wales for the benefit of the public in particular the inhabitants of Malvern and the surrounding areas as the trustees may select. |
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| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 The charity seeks out charities and causes that will benefit and makes regular donation to those causes. The funding for the charity comes from two sources; The Music Mint Ltd and Rainwood Media Ltd |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The charity has given due consideration and regard to the guidance when making all its decisions |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | |
|---|---|
| Policy on grant making | Para 1.38 |
| Policy on social investment including program related investment |
Para 1.38 |
| Contribution made by volunteers |
Para 1.38 |
| Other |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity sought to make significant donations to its causes in the year. All the payments have been made to enable support for the vulnerable and young in Malvern and the surrounding areas |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity is in a robust financial position at the year end |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity aims to make donations from its reserves once it has met its liabilities which are minimal. It seeks to remain solvent at all times |
| Amount of reserves held | Para 1.22 | £13155 |
| Reasons for holding zero reserves |
Para 1.22 | N/a |
| Details of fund materially in deficit |
Para 1.24 | N/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unicorporated |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled |
Para 1.25 | Appointment by consent of two of three trustees |
to appoint one or more trustees
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name The Paul Farrer Charitable Trust
Other name the charity uses
Registered charity number 1127061
Charity’s principal address Bank House, Westminster Bank, Malvern,Worcs, WR14 4BN
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mr P M Farrer
2 Ms L Farrer
3 Ms M Trigg
4
5
6
7
8
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9 10 11 12 13 14 15 16 17 18 19 20
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ~~ee~~ Exemptions from disclosure Reason for non-disclosure of key personnel details ~~So~~ Other optional information ~~OC~~
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Paul Myles Farrer Position (eg Secretary, Chair, etc) Trustee Date 07/05/2025
The Paul Farrer Charitable Trust 1127061 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/10/2023 30/09/2024 ee Section A Receipts and payments
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Total funds|Last year|
|funds|funds|funds|
|to the nearest|
|to the nearest £|to the nearest £|to the nearest £|to the nearest £|
|£|
|A1 Receipts|
|Donations|35,000|-|-|35,000|10,000|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|35,000|-|-|35,000|10,000|
|AR)|
|A2 Asset and investment sales,|
|(see table).|
|-|-|-|-|
|-|-|-|-|-|
|Sub total|-|-|-|-|-|
|Total receipts|35,000|-|-|35,000|10,000|
|————|——|
|A3 Payments|
|Charitable activiteis|24,250|-|-|24,250|15,800|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|[ 24,250 ]|-|-|24,250|15,800|
|A4 Asset and investment|
|purchases, (see table)|
|-|-|-|-|
|-|-|-|-|
|Sub total|[ - ]|-|-|-|-|
|————|Total payments|24,250|-|-|——|24,250|—|15,800|
|Net of receipts/(payments)|10,750|-|-|10,750|- 5,800|
|A5 Transfers between funds|-|- -|-|-|
|A6 Cash funds last year end|2,405|- -|2,405|8,205|
|Cash funds this year end|===|13,155|-|===>|- 13,155|2,405|
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CCXX R1 accounts (SS)
20/05/2025
1
Section B Statement of assets and liabilities at the end of the period
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|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Bank balance|13,155|-|-|
|-|-|-|
|-|-|-|
|Total cash funds|13,155|-|-|
|—====|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|—_——|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|7|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|iss|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|-|
|-|
|-|
|-|
|-|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|Paul Farrer|07/05/2025|
|——|
|CCXX R2 accounts (SS)|2|20/05/2025|
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Paul Farrer Charitable Trust members of On accounts for the year 30 September 2024 Charity no 1127061 ended (if any) Set out on pages 1-2 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/09/2024
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 7/05/2025 Signed: ~~—~~ Name: Davinder K Matharu FCA ~~Ps~~ Relevant professional Fellow of the Institute of the Chartered Accountants in England & Wales qualification(s) or body (if any): Address: 23 Stockwood Business APrk Worcs B96 6SX
1
October 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER