Derek Stuckey Charity
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
Objectives and activities
Objects and aims
The objective of the charity is to administer the charitable trust created by the Will of the late Derek Stuckey.
The charity makes donations to other charitable organisations or for such charitable purposes as the trustees may determine.
Achievements and performance
During the year the trust made charitable donations and grant awards of £2,000 (2024 ~~-~~ 28,000).
Structure, governance and management
Nature ofgoverning document
Derek Stuckey's will dated 21 September 1995 and codicil dated 28 November 1996 (together the "Will") created a charitable trust entitled to a 10% share of the annual trust income of the D R Stuckey Will Trust established by the Will. In the event the D R Stuckey Will Trust is dissolved or wound up, the charitable trustelement would also be entitled to 10% of the trust capital, subject to the terms of the Will.
The trustees of the D R Stuckey Will Trust, on advice, established and registered the Derek Stuckey Charity (formerly known as The Derek Stuckey Charitable Will Trust) to recognise the creation of the charitable trust element of the D R Stuckey Will Trust.
The current trustees are Mr Richard Stuckey, Ms Cara Downey, Ms Sophie Stuckey and Mills & Reeve Trust Corporation Limited.Themaximum number of trustees is four. The trustees must act unanimously.
Organisational structure
The management of the charity is undertaken by the trustees. Bookkeeping and administration services are delegated to Vale and West Accountancy Services Limited.
Major risks and management ofthose risks
Fraud and error
The trustees have a identified and reviewed the risks to which the charity is exposed and have put in place appropriate controls to provide reasonable assurance against fraud and error.
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Derek Stuckey Charity
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
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¢ select suitable accounting policies and then apply them consistently;
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¢ observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
17/01/2026
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Mgiley R J Stuckey Trustee
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Derek Stuckey Charity
Independent Examiner's Report to the trustees of Derek Stuckey Charity
I report to the trustees on my examination of the accounts of Derek Stuckey Charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of Derek Stuckey Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Derek Stuckey Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Derek Stuckey Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
L P Gardner FCA
Vale & West Accountancy Services Limited
Charted Accountants
Victoria House 26 Queen Victoria Street Reading Berkshire RG11TG
19/01/2026
Datet...eccececeeeeeeeeeeees
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Derek Stuckey Charity
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted | Total | ||
|---|---|---|---|
| funds | 2025 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Donations and legacies | 29,755 | 29,755 | |
| Total income | 29,755 | 29,755 | |
| Expenditure on: | |||
| Charitable activities | (2,000) | (2,000) | |
| Total expenditure | (2,000) | (2,000) | |
| Net income | 27,755 | 27,755 | |
| Netmovement in funds | 27,755 | 27,755 | |
| Reconciliation offunds | |||
| Total funds brought forward | (21,328) | (21,328) | |
| Total funds carried forward | 9 | 6,427 | 6,427 |
| Unrestricted | Total | ||
| funds | 2024 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Donations and legacies | 14,529 | 14,529 | |
| Total income | 14,529 | 14,529 | |
| Expenditure on: | |||
| Charitable activities | (28,000) | (28,000) | |
| Total expenditure | (28,000) | (28,000) | |
| Net expenditure | (13,471) | (13,471) | |
| Netmovement in funds | (13,471) | (13,471) | |
| Reconciliation offunds | |||
| Total funds brought forward | (7,857) | (7,857) | |
| Totalfundscarriedforward | 9 | (21,328) | (21,328) |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 9.
The notes on pages 7 to 10 form an integralage 5 part of these financial statements.
Derek Stuckey Charity
(Registration number: 1133146) Balance Sheet as at 31 March 2025
| 31 March | 31 March | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Note | £ | £ | |
| Current assets | |||
| Debtors | 7 | 6.427 | ~~-~~ |
| Creditors: Amounts falling due within one year Net assets/(liabilities) |
8 | - 6,427 |
(21,328) (21,328) |
| Funds ofthe charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 6,427 | (21,328) | |
| Totalfunds | 9 | 6,427 | (21,328) |
The financial statements on pages 5 to 10 were approved by the trustees, and authorised for issue on 17/01/2026| and signed on their behalf by:
NJucleg
R J Stuckey Trustee
The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
Derek Stuckey Charity
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic ofIreland (FRS 102) and the Charities Act 2011.
Basis of preparation
Derek Stuckey Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The charity is funded by the D R Stuckey Will Trust whose trustees have indicated they will continue to support the charitable objective. The trustees are therefore satisfied the charity will have sufficient funding continue operation for the foreseeable future and accordingly, have prepared accounts on a going concern basis.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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Derek Stuckey Charity
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
The charity recognises financial assets and liabilities when it enters into the related contractual arrangements.
Classification
Financial liabilities and equity instruments are classified based on the substance of the contractual terms. Equity instruments represent a residual interest in the charity’s assets after deducting all liabilities.
Recognition and measurement
Financial assets and liabilities are initially measured at their transaction price, including any transaction costs. If the arrangement involves financing, the amount is measured at the present value of future payments discounted at a market rate of interest.
Financial assets and liabilities are only offset when there is a legally enforceable right to do so and the charity intends to settle on a net basis.
Financial assets are removed from the balance sheet when the rights to cash flows expire, are settled, or substantially all risks and rewards are transferred.
Financial liabilities are removed when the obligation is discharged, cancelled, or expires.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
2 Income from donations and legacies
Legacy income relates to the charity's entitlement to 10% share of annual income from the D R Stuckey Will Trust.
3 Expenditure on charitable activities
Total Total 2025 2024 £ £ Grant funding of activities 2,000 28,000
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Derek Stuckey Charity
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
4 Grant ~~-~~ making
Analysis of grants
| Analysis of grants | |||
|---|---|---|---|
| Grants to | institutions | ||
| 31 March | 31 March | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Analysis | |||
| Donations | 2,000 | 28,000 |
The support costs associated with gran ~~t-~~ making are £Nil (31 March 2024 ~~-~~ £Nil).
Below are details of material grants made to institutions.
| Below are details of materialmaterial grants made to institutions. | |||
|---|---|---|---|
| 2025 | 2024 | ||
| Name ofinstitution | £ | £ | |
| Oxfam | 400 | 5,600 | |
| Willink School Charitable Trust | 400 | 5,600 | |
| Prison Phoenix Trust CIO | 400 | 5,600 | |
| Hampstead Garden Opera | 200 | 2,600 | |
| NEMA Foundation | ~~-~~ | 3.000 | |
| Un Food Prog | 200 | ~~-~~ | |
| Carpenters Company Charitable Trust | 400 | 5.600 | |
| 2,000 | 28,000 |
5 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Debtors
----- Start of picture text -----
Other debtors
----- End of picture text -----
| 31 | March |
|---|---|
| 2025 | |
| £ | |
| 6,427 |
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Derek Stuckey Charity
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
8 Creditors: amounts falling due within one year
| 31 March | 31 March | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Other creditors | - | 21,328 | |||||
| 9 | Funds | ||||||
| Balance at 1 | Incoming | Resources | Balance at31 | ||||
| April 2024 | resources | expended | March 2025 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | (21,328) | 29,755 | (2,000) | 6,427 | |||
| Balance at 1 | Incoming | Resources | Balance at31 | ||||
| April 2023 | resources | expended | March 2024 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | (7,857) | 14,529 | (28,000) | (21,328) | |||
| 10 | Analysis ofnet assets between funds | ||||||
| Unrestricted | Total funds at | ||||||
| funds | 31 March | ||||||
| General | 2025 | ||||||
| £ | £ | ||||||
| Current assets | 6,427 | 6,427 | |||||
| Unrestricted | Total funds at | ||||||
| funds | 31 March | ||||||
| General | 2024 | ||||||
| £ | £ | ||||||
| Currentliabilities | (21,328) | (21,328) |
11 Related party transactions
During the year the charity made the following related party transactions:
D R Stuckey Will Trust
Income is derived via a legacy from the D R Stuckey Will Trust, whose trustees control the charity At the balance sheet date the amount due from D R Stuckey Will Trust was £6,427 (2024 ~~-~~ £21,328 due to).
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