**REGISTERED CHARITY NUMBER: 1190656** **Report of the Trustees and Unaudited Financial Statements for the Period 30th July 2020 to 31st January 2021 for Ashwood Charitable Trust** **Ashwood Charitable Trust** **Contents of the Financial Statements for the Period 30th July 2020 to 31st January 2021** ||Page| |---|---| |Report of the Trustees|1 to 2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 6| **Ashwood Charitable Trust** **Report of the Trustees for the Period 30th July 2020 to 31st January 2021** The trustees present their report with the financial statements of the charity for the period 30th July 2020 to 31st January 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1190656 ## **Principal address** Ashwood Lower Lane Ashwood Kingswinford West Midlands DY6 OAE ## **Trustees** P D Baulk - appointed 30.7.20 N A Westwood - appointed 30.7.20 Ms K P Gilbert - appointed 30.7.20 C J Cartwright - appointed 30.7.20 ## **COMMENCEMENT OF ACTIVITIES** Charitable activities commenced in August 2021 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is a Charitable Incorporated Organisation and is governed by the CIO Foundation Constitution ## **Recruitment and appointment of new trustees** The initial trustees comprised four individuals who had knowledge of horticulture or other expertise beneficial to the trust. The initial trustees were appointed for terms between 2 and 5 year. ## **Risk management** The Trustees have undertaken a risk assessment of the major risks to which the Charity may be exposed. This assessment remains ongoing. Actions and procedures to address these risks are incorporated into the various business and other plans which have been put in place during the reported period. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The trusts purposes are: a) the encouragement and improvement of the science, art and practice of horticulture in all its branches b) to advance such charitable purposes as the trustees see fit from time to time by making grants to other charities Page 1 **Ashwood Charitable Trust** ## **Report of the Trustees for the Period 30th July 2020 to 31st January 2021** ## **OBJECTIVES AND ACTIVITIES** ## **Significant activities** In order to encourage and improve the science, art and practice of horticulture in all its branches the charity will arrange lectures which are open to the public and provide training grants and mentoring to targeted individuals. The charity will use any further donations received to provide financial grants to such horticulture and other charities as the trustees see fit each year. ## **Grantmaking** Grants may be provided to individuals for the purposes of horticultural training. All other grants the charity makes will be UK-registered horticultural and other charities, which are known and supported by the trustees, carefully selected on the basis of need, effectiveness and the charity's available funds each year. In terms of other charities, the charity currently has a preference for local or national charities with an emphasis on research and/or palliative care. This could include charities providing facilities for care and well-being such as emergency services, local hospices and schools providing facilities for those with disabilities or learning difficulties. Priority would be given to those where funding by government or local authorities is inadequate or totally absent. ## **Public benefit** The benefits of the lectures will be to increase the horticultural knowledge, skills and capabilities of individual attendees and more widely through the attendees' practice and sharing with others. By providing training grants and mentoring to targeted individuals the charity will enable talented individuals to pursue and thrive in horticultural careers, benefiting both those individuals and also the field of horticulture. The charity will also seek to help other worthwhile causes in achieving their purposes by giving grants to UK registered horticultural and other charities. ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** Due to the Coronavirus pandemic the charitable activities were temporarily delayed in view of the safety of staff, volunteers and visitors. Activities commenced in August 2021. Approved by order of the board of trustees on 29th November 2021 and signed on its behalf by: P D Baulk - Trustee Page 2 **Ashwood Charitable Trust** **Statement of Financial Activities for the Period 30th July 2020 to 31st January 2021** |Notes
**TOTAL FUNDS CARRIED FORWARD**|£| |---|---| ||-| The notes form part of these financial statements Page 3 **Ashwood Charitable Trust** ## **Balance Sheet At 31st January 2021** |Notes
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
3
**TOTAL FUNDS**|£
-| |---|---| ||-| ||| ||-| The financial statements were approved by the Board of Trustees on 29th November 2021 and were signed on its behalf by: N A Westwood -Trustee The notes form part of these financial statements Page 4 **Ashwood Charitable Trust** **Notes to the Financial Statements for the Period 30th July 2020 to 31st January 2021** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. The charity was dormant throughout the period ended 31st January 2021. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31st January 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31st January 2021. ## **3. MOVEMENT IN FUNDS** |||Net|| |---|---|---|---| |||movement in|| |||funds|At 31.1.21| |||£|£| |**TOTAL FUNDS**||-|-| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement in| ||resources|expended|funds| ||£|£|£| Page 5 **Ashwood Charitable Trust** ## **Notes to the Financial Statements - continued for the Period 30th July 2020 to 31st January 2021** ## **3. MOVEMENT IN FUNDS - continued** **TOTAL FUNDS** - - - Page 6