## **Trustees’ Annual Report for the period** **From 1 January 2021 to 31 December 2021** ## **Charity name: The Wolverley Memorial Charitable Trust** ## **Charity registration number: 1183888** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To provide village hall and recreation
facilities, including a children's play area,
for the benefit of the residents of Wolverley
village, in Worcestershire.
To retain the hall as a memorial for those
from Wolverley who died in the service of
their country.| |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|Provision of the Hall and grounds for sport,
the arts and recreation.
Provision of a children’s play area.
The sub-letting of parts of the grounds for
tennis, bowls and the village social club.
Fundraising for the upkeep and
maintenance of the charity’s assets.
Two Development Projects:
(i) short-term – the refurbishment of the
current Memorial Hall and
(ii) longer term – the future development of
a new integrated community facility.| ||Para 1.18|The Trustees reviewed the guidance as
part of their considerations to modernise
the Charity by creating this Charitable
Incorporated Organisation by merging with
the previous Wolverley Memorial Hall
Charity (523207); with particular reference
to RS9 – village halls and community
centres| 1 ## **Additional information** ||SORP reference|| |---|---|---| |Contribution made by
volunteers|Para 1.38|The charity is heavily dependent on
volunteers for the upkeep and maintenance
of the hall, children’s play area and
grounds.
Volunteers are also actively engaged in a
number of Fundraising events.
This year, Trustees and volunteers
managed a number of successful grant
applications and delivery of projects to
carry out substantial works to upgrade the
external fabric of the building and
significantly improve the interior of the
building.| ## **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|This was the second full year of the
recently formed Wolverley Memorial
Charitable Trust.
Despite the ongoing disruption caused by
the Pandemic the Charity was able to
continue to make available all its
community-valued assets in Covid ’19
secure environments.
The Charity continued to incur additional
Covid related costs and a loss of rental
income, some of which was covered by
financial support from local and national
grant funding.
The most significant achievement in the
year was the completion of the external
recladding work to the exterior of the
Memorial Hall, sustaining its future use and
providing a watertight and damp free
environment for the Hall.
With the benefit of a Grant from the
National Lottery Reaching Communities
Fund received in September 2021, the
Charity was able to start planning the work
to redecorate and substantially modernise
the interior of the Hall.| 2 ## **Additional information** ||SORP reference|| |---|---|---| |Achievements against
objectives set
Performance of fundraising
activities against objectives
set|Para 1.41
Para 1.41|This was the second year that the Charity’s
activities were significantly impacted by
Covid ‘19 and the Government restrictions
that were applied.
These restrictions adversely affected the
Charity’s aim to broaden and extend the
use of the Hall by more organisations and
individuals in the furtherance of the
Charity’s objects.
The Charity adjusted its strategy for the
year to take account of the pandemic and
focussed on 4 key objectives:
1. to continue to make available its facilities
within a Covid ’19 secure environment
when Government restrictions allowed.
2. to carry out essential repairs to the
Memorial Hall, addressing the major
operational risk identified by the Charity.
3. To explore opportunities for Grant
funding
4. To develop the newly formed CIO
following the merger with the Memorial Hall
Charity, including the review of policies and
recruitment of new staff and volunteers.
All these objectives were achieved.
Fundraising was limited to three Car Boot
Sale in the year because of the impact of
the pandemic.| |Investment performance
against objectives|Para 1.41|Not applicable| 3 ## **Financial Review** |**Financial Review**||| |---|---|---| ||SORP reference|| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Charity’s overall financial position for
the year was a healthy one with a positive
net movement of funds in the year.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity’s reserve policy is to hold
general reserves in its general fund at least
equal to a year’s estimated projected
expenditure, as a contingency.| |Amount of reserves held|Para 1.22|Reserves held at the year-end totalled
£96,324; comprised of Unrestricted
Reserves of £25,999 and Restricted
Reserves of £70,325.
The Unrestricted Reserves remain
sufficient to cover a normal year’s projected
expenditure.| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially in
deficit|Para 1.24|Not applicable| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Not applicable| 4 ## **Additional information** ||SORP reference|| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Sources of Income are from rental of the
Hall, sub-letting of some of the grounds
and (in a normal year) fundraising events,
including car boot sales, fayres, festivals
and craft shows. £85,000 of grant funding
was received in 2021 towards the cost of
the external refurbishment of the Memorial
Hall| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Not applicable| |A description of the principal
risks facing the charity|Para 1.46|The principal risk facing the charity in the
year was the age and condition of the Hall,
which was nearing the end of its useful
economic life.
However, grant funded works in the year to
the exterior of the building has significantly
reduce the short/medium term risk.| 5 ## **Structure, Governance and Management** ||SORP reference|| |---|---|---| |Description of charity’s
trusts:
Type of governing document|
Para 1.25|Charitable Incorporated Organisation
Constitution| |How is the charity
constituted?|Para 1.25|Charitable Incorporated Organisation| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The charity has 3 types of Trustees –
elected, representative and co-opted.
The establishment of the Charitable
Incorporated Organisation has enabled the
Trustee numbers to increase and allow for
a wider demographic profile| ## **Reference and Administrative details** Charity name The Wolverley Memorial Charitable Trust Other name the charity uses Not applicable Registered charity number 1183888 Charity’s principal address Wolverley Memorial Hall, Shatterford Lane, Wolverley, Worcestershire DY11 5TN 6 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**| |---|---|---|---|---| ||Graham Wallis|Chairman|Whole period|| ||Michelle Hire|Treasurer|Whole period|| ||Andy Gould||Whole period|| ||Robert Lawrence||Whole period|| ||Richard Millner||Whole period|| ||Bernard D’Arcy||Whole period|| ||John Hart||Whole period|| Corporate trustees – names of the directors at the date the report was approved **Director name** Not applicable Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |||| |Not applicable||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|Not applicable| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|Not applicable| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|Not applicable| 7 **Additional information** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Not applicable ## **Other optional information** The Wolverley Memorial Charitable Trust (no.1183888) was registered with the Charity Commission on 13 June 2019 and merged with the former Wolverley Memorial Hall Charity (no.523207) on 23 June 2020. The accounts for the year ended 31 December 2021 comply with SORP FRS 102 ## **Declarations** **Signature Full name** Graham Leslie Wallis **Position** Chairman **Date** 12 September 2022 8 Registered Charity number 1183888 ## THE WOLVERLEY MEMORIAL CHARITABLE TRUST ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ## **A D PALFREYMAN ACCOUNTANCY** ## **& TAXATION SERVICES LTD** Hillgrove House Winbrook Bewdley Worcestershire, DY12 2BA 31 August 2022 ACCOUNTANTS REPORT TO THE TRUSTEES OF THE WOLVERLEY MEMORIAL CHARITABLE TRUST I report to the trustees of the Wofvedey Memortal Charitable Trust on my examination of the Tfusvs accounts for the year ended 31 Decemb8r 2021. As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ wtth the requirements of the Charities Act 2011. In accordance with your inslru¢tions, I have examined the financial statements Trmlhout carrying out an audit. I report in respect of my examination of the Trusfs accounts. and confimi that no matters have come to my attent￿n whth give me causè to tdi8ve that.. the accounb'ng records were not kept in xcordance vrith section 130 of the Charits'es Act.. or th& accounts did not accord with the accounling records", or the accounts did not compty with the appl￿ble requirements conceming the fonn and content of accounts. I have no concerns and have come across no matters in connection ¥￿th the examination to whkh attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. A D Palfreyman FCCA A D Palfreyman ACcounta￿Y & Taxatlon Ser¥lc•s Ltd Hillgrove House Winbrook Bewdley Worcestershire DY12 2BA 12 September 2022 Page 1 HAR￿AB LAN E SHEET BER X121 2020 G•nefal Fund A•s•ts Debto 8,935 2,794 Cash balances Bank c￿rrent account Project 8c¢ount- bank Project account. (ash 23.518 70.108 217 20.494 70.113 217 93,843 102.778 6,452 Total assets 93.618 AcLru818 7.297 96,326 86.321 R•pr•unt•d by. Accumulated fund Brought foTrvard Excoss of Incomè over eX￿J1￿￿O 86.321 10,Tr)5 84,652 1,869 96,326 86.321 Approved by. Trustee 1 ///a Try￿￿& 1 12 Sgptemtor 2022 Page 2 THE WOLVERLEY MEMORIAL CHARITABLE TRUST ## INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 DECEMBER 2021 |**Income**
Donations
Grants
Wyre Forest District Council
Worcestershire County Council
Parish Council
National Lottery
Enovert
ACRE
Hire of hall
Rental income
Wolverley Sports & Social Club
Wolverley Tennis Club
Cadent Gas
Western Power
Other income
Car boot sales
**Total income**
**Expenses**
Grants
Wages
Utilties
Stationery and office
Event costs
Covid 19 expenses
Insurance
Repairs and maintenance
Professional fees
Bank charges
**Total expenses**
**Excess of income over expenditure**|**£**
**£**
558
16,097
500
2,485
30,535
40,500
14,049
104,166
9,333
1,100
47
250
24
.
1,421
1,110
-
1,110
116,588
-
2,540
2,985)
(
195
180
1,000
1,946
102,327
1,372
10
106,585
**10,003**
**2021**|**£**
**£**
340
11,334
-
2,764
-
10,390
-
24,488
6,647
1,100
700
250
12
.
2,062
124
-
124
33,661
4,050
2,054
4,803
74
304
582
1,951
15,023
3,151
-
31,992
**1,669**
**2020**| |---|---|---| Page 3 THE WOLVERLEY ME RLIL OTES TO ACCOUNTS YEAR ENDED 31 DECEMBER 2 Accumul•ted fuThl At 31 Jan￿ry 2021 15,991 70.330 86.321 Extess (der￿it) over 10.010 15) 10,W5 At 31 IY•c•mbw 2021 26.001 70.326 96,326 At 31 Janu•ry 2020 19.455 65.197 1,620 49 1.669 {5,084) At 31 D•wnbor 2020 16.991 86.321 P&38 4 ACCOUNTANTS REPORT TO THE TRUSTEES OF THE WOLVERLEY MEMORIAL CHARITABLE TRUST I report to the trustees of the Wofvedey Memortal Charitable Trust on my examination of the Tfusvs accounts for the year ended 31 Decemb8r 2021. As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ wtth the requirements of the Charities Act 2011. In accordance with your inslru¢tions, I have examined the financial statements Trmlhout carrying out an audit. I report in respect of my examination of the Trusfs accounts. and confimi that no matters have come to my attent￿n whth give me causè to tdi8ve that.. the accounb'ng records were not kept in xcordance vrith section 130 of the Charits'es Act.. or th& accounts did not accord with the accounling records", or the accounts did not compty with the appl￿ble requirements conceming the fonn and content of accounts. I have no concerns and have come across no matters in connection ¥￿th the examination to whkh attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. A D Palfreyman FCCA A D Palfreyman ACcounta￿Y & Taxatlon Ser¥lc•s Ltd Hillgrove House Winbrook Bewdley Worcestershire DY12 2BA 12 September 2022 Page 1