Charity registration number 214711 (England and Wales)
THOMAS COOK'S MEMORIAL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THOMAS COOK'S MEMORIAL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr A Dunnicliff Mr D Worrall Mr G Frearson Mr H Dunnicliff Mr J N Hewlett Mr N Collyer Mr R Hunt Mr T Cook Mr T Statham Mr T Summerlin Mr C Temple-Richards Mr Simon Tivey Mr G H A Dunnicliff (Appointed 22 July 2024) Charity number (England and Wales) 214711 Principal address 2 Bishops Court Melbourne Derbyshire DE73 8LN Independent examiner Philip Handley FCA HSKSG Audit Limited Charlotte House Stanier Way The Wyvern Business Park Derby DE21 6BF
THOMAS COOK'S MEMORIAL TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 15 |
THOMAS COOK'S MEMORIAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
Objectives and aims
The charity aims to maintain the Thomas Cook Memroial Cottages and Mission Hall and provide almshouses for poor persons of good character resident in Melbourne or within a distance of 25 miles therefrom who are members of any baptist denomination.
The charity also aims to provide a mission hall for religious and educational purposes, lectures, bazaars, industrial and other exhibitions in connection with the general baptist denomination.
Volunteers
The Charity relies upon the services of the Trustees as unpaid volunteers.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.
Achievements and performance
Charitable activities
The trustees have achieved their objective in maintaining the almshouses to the required standard for residents and providing a mission hall for the required purposes.
Financial review
Principal funding sources
The Charity is reliant upon maintenance contributions from the residents for the majority of its income.
Repairs expenditure
Due to the age of the property held by the Charity, there are likely to be ongoing maintenance expenses required to keep them up to date and in a good state of repair.
Reserves policy
The Trustees are satisfied with the current free reserves available for the year ended 31 December 2024.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust dated 28 November 1890 as varied by scheme of 23 March 1973, and constitutes an unincorporated charity.
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THOMAS COOK'S MEMORIAL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr A Dunnicliff
Mr D Worrall Mr G Frearson Mr H Dunnicliff Mr J N Hewlett Mr N Collyer Mr R Hunt Mr T Cook Mr T Statham Mr T Summerlin Mr C Temple-Richards Mr Simon Tivey Mr G H A Dunnicliff (Appointed 22 July 2024)
Recruitment and appointment of new trustees
Trustees may be appointed at any time.
Organisational structure
The Trustees, together with the secretary and treasurer, who are responsible for the day-to-day affairs, carry out the management of the Charity.
Induction and training of new trustees
On appointment, trustees are (depending on the level of their experience) briefed on their responsibilities as trustees and are provided with copies of the trust deed, financial statements and other relevant documents. As it is present policy only to appoint trustees with relevant experience, formal induction and training has not been considered necessary.
Registered Charity number
214711
Principal address
2 Bishops Court Melbourne Derbyshire DE73 8LN
Independent Examiner
Philip Handley FCA Institute of Chartered Accountants in England and Wales HSKSG Audit Ltd Chartered Accountants Charlotte House Stanier Way The Wyvern Business Park Derby DE21 6BF
Public Benefit
The Trustees have complied with the duty imposed by s4 Charities Act 2006 to have due regard to public benefit guidance published by that Charity Commission.
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THOMAS COOK'S MEMORIAL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees' report was approved by the Board of Trustees.
Mr Simon Tivey Trustee
9 October 2025
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THOMAS COOK'S MEMORIAL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THOMAS COOK'S MEMORIAL TRUST
I report to the Trustees on my examination of the financial statements of Thomas Cook's Memorial Trust (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the Trust as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Philip Handley FCA
Institute of Chartered Accountants in England and Wales HSKSG Audit Limited Charlotte House Stanier Way The Wyvern Business Park Derby DE21 6BF 9 October 2025
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THOMAS COOK'S MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 2 - - Charitable activities 3 57,129 - Investments 4 2,829 950 Total income 59,958 950 Expenditure on: Charitable activities Cottages 5 10,382 - Mission Hall 5 2,188 - Repairs to properties 5 14,394 - Total charitable expenditure 26,964 - Total expenditure 26,964 - Net gains/(losses) on investments 9 953 (1,048) Net income/(expenditure) and movement in funds 33,947 (98) Reconciliation of funds: Fund balances at 1 January 2024 715,547 25,670 Fund balances at 31 December 2024 749,494 25,572 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ - 950 - 57,129 47,090 - 3,779 2,155 1,025 60,908 50,195 1,025 10,382 10,499 - 2,188 3,364 - 14,394 43,339 - 26,964 57,202 - 26,964 57,202 - (95) 478 432 33,849 (6,529) 1,457 741,217 722,076 24,213 775,066 715,547 25,670 |
Total 2023 £ 950 47,090 3,180 51,220 10,499 3,364 43,339 57,202 57,202 910 (5,072) 746,289 741,217 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
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THOMAS COOK'S MEMORIAL TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 11 Investments 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the Trust Restricted income funds 15 Unrestricted funds 16 |
2024 £ 1,116 124,138 125,254 (1,191) |
£ 596,048 54,955 651,003 124,063 775,066 25,572 749,494 775,066 |
2023 £ 824 93,033 93,857 (1,134) |
£ 594,393 54,101 |
|---|---|---|---|---|
| 648,494 92,723 |
||||
| 741,217 | ||||
| 25,670 715,547 |
||||
| 741,217 |
The financial statements were approved by the Trustees on 9 October 2025
Mr N Collyer Trustee
Mr Simon Tivey Trustee
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Thomas Cook's Memorial Trust is a an unincorporated charity registered in England & Wales that owns sixteen dwellings in Melbourne, South Derbyshire, and provide them to needy people with a Melbourne connection.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Trust's trust deed, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
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.
1.4 Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Government grants have been recognised within the financial statements following receipt of the funds for government assistance.
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings not provided Fixtures and fittings 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year.
1.8 Impairment of fixed assets
At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | - | 950 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Cottages | ||
| Charitable income | 52,052 | 42,192 |
| Mission Hall | ||
| Other income | 5,077 | 4,898 |
| 57,129 | 47,090 |
4 Income from investments
| Unrestricted Restricted funds funds 2024 2024 £ £ Income from unlisted investments 1,282 950 Interest receivable 1,547 - 2,829 950 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 2,232 1,203 1,025 1,547 952 - 3,779 2,155 1,025 |
Total 2023 £ 2,228 952 |
|---|---|---|
| 3,180 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5 Expenditure on charitable activities
| Cottages Mission Hall Repairs to properties 2024 2024 2024 £ £ £ Direct costs Depreciation and impairment 561 - - Caretaker Cost 201 - - Rates & water 4,779 - - Insurance 3,355 - - Light & heat - 1,240 - Telephone - - - Sundry - 381 - Cleaning & garderning - - 1,666 Repairs & renewals 355 - 12,728 Professional fees 564 - - 9,815 1,621 14,394 Share of support and governance costs (see note ) Governance 567 567 - 10,382 2,188 14,394 Analysis by fund Unrestricted funds 10,382 2,188 14,394 |
Total Cottages Mission Hall Repairs to properties 2024 2023 2023 2023 £ £ £ £ 561 9 - - 201 448 - - 4,779 4,426 1,058 - 3,355 3,148 - - 1,240 440 1,253 - - 140 - - 381 - 381 - 1,666 - 132 1,710 13,083 505 - 41,629 564 843 - - 25,830 9,959 2,824 43,339 1,134 540 540 - 26,964 10,499 3,364 43,339 26,964 10,499 3,364 43,339 |
Total 2023 £ 9 448 5,484 3,148 1,693 140 381 1,842 42,134 843 |
|---|---|---|
| 56,122 1,080 |
||
| 57,202 | ||
| 57,202 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5 Expenditure on charitable activities
(Continued)
Included in governance cost are fees for the independent examination & accountancy amounting to £1,134 (inclusive of value added tax) (2023: £1,080).
| 6 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | - | - | |
| Depreciation of owned tangible fixed assets | 561 | 9 |
7 Trustees
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
For the year ended 31 December 2024, there were no trustee expenses reimbursed nor for 31 December 2023.
8 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during | the year was: | |
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Maintenance | - | 1 |
| STAFF COSTS |
Included within wages for this year is a gift to the caretaker for £200 (2023 £448).
There were no employees whose annual remuneration was more than £60,000.
9 Gains and losses on investments
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| Gains/(losses) arising on: | £ | £ | £ | £ | £ | £ |
| Revaluation of | ||||||
| investments | 953 | (1,048) | (95) | 478 | 432 | 910 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
| Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2024 594,365 6,851 Additions - 2,216 At 31 December 2024 594,365 9,067 Depreciation and impairment At 1 January 2024 - 6,823 Depreciation charged in the year - 561 At 31 December 2024 - 7,384 Carrying amount At 31 December 2024 594,365 1,683 At 31 December 2023 594,365 28 |
Total £ 601,216 2,216 |
|---|---|
| 603,432 | |
| 6,823 561 |
|
| 7,384 | |
| 596,048 | |
| 594,393 |
The fifteen cottages and mission hall were constructed in the nineteenth century and there is no record of the original cost. A valuation was carried out in 1986 which stated the value to be £409,500. The cost of additions since that date has amounted to £184,865. Since 1986 the trust has not felt it necessary to incur the costs of another revaluation.
For the purposes of insurance cover, the Freehold land and buildings have been insured for a sum of £2,602,260 which is believed to be an approximate value for the assets.
12 Fixed asset investments
| Unlisted | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 January 2024 | 54,101 |
| Valuation changes | (95) |
| Interest received | 949 |
| At 31 December 2024 | 54,955 |
| Carrying amount | |
| At 31 December 2024 | 54,955 |
| At 31 December 2023 | 54,101 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13 Debtors
| Amounts falling due within one year: Trade debtors Prepayments and accrued income 14 Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 275 841 1,116 2024 £ 1,191 |
2023 £ - 824 |
|---|---|---|
| 824 | ||
| 2023 £ 1,134 |
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 | January | Incoming | Gains and | At 31 | |
|---|---|---|---|---|---|---|
| 2024 | resources | losses | December | |||
| 2024 | ||||||
| £ | £ | £ | £ | |||
| 25,670 | 950 | (1,048) | 25,572 | |||
| Previous year: | At | 1 | January | Incoming | Gains and | At 31 |
| 2023 | resources | losses | December | |||
| 2023 | ||||||
| £ | £ | £ | £ | |||
| Blackrock charities accumulation shares | 24,213 | 1,025 | 432 | 25,670 |
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | At 1 January | Incoming | Resources | Gains and | At 31 | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | losses | December | ||
| 2024 | ||||||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | 715,547 | 59,958 | (28,626) | 953 | 747,832 | |
| General funds | - | - | 1,662 | - | 1,662 | |
| 715,547 | 59,958 | (26,964) | 953 | 749,494 | ||
| Previous year: | At 1 January | Incoming | Resources | Gains and | At 31 | |
| 2023 | resources | expended | losses | December | ||
| 2023 | ||||||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | 722,076 | 50,195 | (57,202) | 478 | 715,547 | |
| Analysis of net assets between | funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| At 31 December 2024: | ||||||
| Tangible assets | 596,048 | - | 596,048 | |||
| Investments | 29,383 | 25,572 | 54,955 | |||
| Current assets/(liabilities) | 124,063 | - | 124,063 | |||
| 749,494 | 25,572 | 775,066 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2023 | 2023 | 2023 | ||||
| £ | £ | £ | ||||
| At 31 December 2023: | ||||||
| Tangible assets | 594,393 | - | 594,393 | |||
| Investments | 28,431 | 25,670 | 54,101 | |||
| Current assets/(liabilities) | 92,723 | - | 92,723 | |||
| 715,547 | 25,670 | 741,217 |
17 Analysis of net assets between funds
18 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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THOMAS COOK'S MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
19 Statement of Funds
Restricted Funds
BlackRock Charities Accumulation Shares/Charinco Accumulation Shares
This fund is an investment fund which was previously held with Charinco and was then transferred to BlackRock Charities on the 9 December 2019. The money was originally donated for the purpose of maintaining property held by the charity.
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