Tho Zachary Merton and Georg• Woofindin Convalo8¢6nt Tru8t (Charlty Comml88lon Regl8tratlon No. 221760) Accounts for the year ended 31 Docembor 2024
Tho Zachary Merton and George Woofindln Convalescent Trust (Charlty Commlsslon Reg18tratlon No. 221760) Accounts for the year end8d 31 December 2024 Statfrment No. 1 Trustee8' Annual Report Stat•m•nt No. 2 Income Account Trust Fund Account Balance Sheet Notes to the accounts 8tsl•mont No. 3 Statsm•nt No. 4 Independenl Examinerfs Report
statement Nth1 The Zachary Merton and George Woofindin Convalescent Trust Trustses. Annual Report for the year ending 31 December 2024 Reference and Admlnistrathve Dets118 of thg ¢harl its Trusto•$ and Advisors Fomiatlon of the Trust The Zachary Merton Trust w89 formed In 1956 from the proceeds of the sale of the Sheffield Zachary Merton Convalescent Home at FU00, Sheffield. From 1974 onwards it administered the Sheffield Works combinèd Convalescent Charities. In 1986 it combined with George Woofindin Mablelhorpe Conv8le8cent Home Charity and th8 Belsy Foster Charity to form the charitable trust as il is known today, 'The Zachary Merton and George Woofindin Convalescent Trust.. The Trust is a registered chartiy - No. 221780 The Tru8tee8 The Trustees at 31 December 2024 were.. Mr R P Hague Ichalrmanl Dr K Nair Ms A Ismail Dr B ShaaCk Mr M Patrick (resigned 25.10.241 Or D Paling Dr N Bartlett Dr Kirjazovas Dr R Ledlngham Mr B Rossiter Mrs Rogers Clerk to the Trustee8 and Prlnel al Offlco Ms S M Greaves clo Wrlgleys Solicltorg LLP Derwenl House 150 Arundel Gate SHEFFIELD S12FN nde endent Examiner Mr S L Bladen, Partner Hawsons, Chartefed Accountants 463a Glossop Road Sheffield S10 2QD Investmgnt Advlsors Bankgr8 Investec W8alth & Investment Ltd Beech House 61 Napier stet Sheffield S118HA Cafcash Ltd King's Hill West Malling Kent ME19 4TA
statement No.11conlinued) The Zachary Mèrton and Georgè Wooflndln Convalescent Trust Trustees, Annual Report for the year ending 31 December 2024 struct Governance and Mana ement The Trust works Ihiough it8 Trustee body of up to 14 Trustees. Meetings are held in person 8t least on¢e each cal&ndar year. Trustees are appolnted on Ihe re¢ommend8tion and authority of existing TTU8tees after careful research and 88ges8menl. The day to day work of the Trust in grant makn'ng is carried out by the Clerk and through her office. The Clerk and her stsff are also responsible for the book-keaping. administrative and regulatory ll8ed8 of the Trust. The C18rk is the Trust's legal advisor also. Betsveen m8eting$ the Clerk and the ChaSmian of Trustees (who 18 appointed annualtyl Ilalse on all matters both strategic and opBralional. The Clerk offers brleflngs on govarnanc&, Charity legal and olher relevanl matters lo Tru8lee8 from time to tim&. Vlhen Trustees are appoinled they are provided wf(h an induclion pack which includes copies of the govemlng documents, minutes of recent meetlngs, recent accounts and Trustees, R8POrt$ and documents offering guidance on m8tters such as data protection and charity governance. The Clerk's off8rs OPPOrtunitles for charty twstees lo bè trained vla ils annual semlnar programme and Trustees are encouraged to attend relevant tralning events such as these from time to lime. Ive8 and A¢tivities The most r8cent Charily Commission Scheme {19931 and the grant making policie8 of the Trust set out both the aims of Ihe Charity and ils objectives. Details are sel out below. By a SGhem8 of 5 January 1993 the Trust wa8 granted by Ihe Charty Commission its present objects namely.. The Trustees shall apply the income of the Charlty for the purp088 of relieving in Cases of need. person8 who are sick, convale8cent, disabled, handicapped or infirm by providing or paying for items, services or facilities whkh are calculated lo alleviate the suffering or assist the recovery of such persons in such cases but are not readily available to them from other sources. Preference shall be glven to persons in need who are convalescent. The Trustees may make arrangements for such seNices or facilities to be provided ft>r Ihat purpoge by other Ingtitulions or organis8tions in return for donations or subscriptions out of the income of the Charfty. In apptying the Income of the Charity the Trustees shall not commll themselves to repeat or renew the relief granted on any occasion in any case. The trustees are aware that some of the terminology used in the objects is no longer considered in¢lusive, but the Trust is still able to operate effectively within the wording.
Statement No.1 Icontlnuedl The Zachary Merton and George Woofindin Conval08cent Trust Trustee8' Annual Report for the year endlng 31 December 2024 Grant-makln PrlorEtles The following ar8a5 of need ar8 identified In descendlng order of prlorty (they are not exhaustive and the prlorities may be varied from time to time). onvalescen treatment at a conv818scent home or heallh clinic. periods of rest or hollday for th088 conv81esclng. grants to organisations rAring for those convalescing at home. The CaT8r grant8 to institullon8 to provide resplle accommodation. grants to such institution8 or generally to thè carer to obtain 8 holiday for the carer. lon Th se needin grants lo institutions deallng with people ne8ding long tem care. grant8 to enabl8 p8ople with long temi h&811h ¢ondltlons to obtain a hollday. Chroni grants to In8titutions deallng wlth a chronic dls8888. Faci grants to home¥ and institutlon8 caring for people with di58billtleg, physical or mental health conditlons or impairments. grants to institutlons provlding rehabilllation and care for people with 8 substance use disorder. ommuni Health grants to th09e working in cornmunity health with emphasi9 on those vlsiting in the home and al day centres, including support of such activities as..
Statoment No.1 Icontinuedl The Zachary Merton and Georye Wooflndln Convalescent Trust Trustees. Annual Report for the year ending 31 Decemb6r 2024 substance use disorder centres- psychiatric and mental health support., physiotherapy othod of Grant.Makin 10. InstitUtn910rg8n1sations Pufposes. grants will normally be gN8n to institutions Garrying out the above Grants vlll normally be of an income nature and not for capital purposes, e.g. buildings and equipment, though on occasions the88 may b8 relevant. 12. Research the Trust's Income Is Snsuffici6nt to support research to any meanlngful &xtent and applicallons for research grants will normally b& refvsed. 13. The Scheme of the Trust stresses the need on the one hand, and seN1$ and items Ihat are not r8adily available from other sources on the other. Accordingly any appllcant must mak8 out a ca88 both of need, particularly (financial), and Ihal faci1Stieslservices are not easily available, e.g. via the Nation81 Health Service or the Soclal Services of the Loc81 Authority {we stress the de8lre of the Trust nol to be a major fund6rl. 14. Individuals - grants wlll seldom be made lo individual8. 15. Area - the Trust has a ¥pecial concern for the Sheffield and LinGoln ar8a8 bul grants will be made outslde these areas and the sheffld area 15 considered to include the areas of North Derbyshlie, South York9hire and North Nottinghamshire. 16. One off ¢8Pital grants and loan8 - from time to lime tho Trust will consider applications for capital grants specifically directed towards convalescent homes or other institutions and other organisations for the care and relief of conva18$cent wrsons so long as St Is clearfy eslablished that these are available for p8rsons in need. Delalls of the grants made during the year appear at note 1 on pag& 14 of th8 fin8nclal statements. These show a continuing pattern of support to local charities on th8 one hand and the local opefation of national charities on th8 other. Each charity which makes regular 8pplications lo the Trust 18 assigned a Iruslee who keeps in touch with the work and needs of the charity and reports lo the Trust at e8ch of its bi-annual meetings. When a trustee is unable to attend. a written report is provided. By this method, all liustees are kept in tOUGh with the work of the Charities to which grant support is given regularly. Each applicant completes a standard application form with supporting documentation.
Statemont No.1 (continued) The Zachary Merton and George Woofindln Convalescent Trust Trustees, Annual Report for the year ending 31 December 2024 In addition, when funds permlt, the Trust welcomes one-off applications for proj8Cts and activities within its objects. The application fomi for those applicants is available from the Clerk in both ebctronic 8nd hard Gopy form5. Achlevements and Performan The Trust has continued to pursue its objectNes through ils grant making programme, princlp811y to regular reupionts of grant support. The Trust'$ grant programme reflects th8 delfvery of the charity's main objectlves for the year, whlch are sel out In the grant making priorities. These don't ¢hang8 from year lo year significantly. A number of charlties, Some local branches of national Gharilable organisations, rely upon support from the Trust for their vital local work. The TTusI's strategy lo achieve Ils oble¢lives is implemented through the 1Snk8 between Trustee¥ and particular charities mentioned above. The relallonship built in this way 8nabl85 th8 Trust to have good feedback and impact 8ssessmenl $0 a8 to be Sure that 11$ grant support is being well and fruitfulty used, both In the pursuit of the work of the charrlles recoiving the money and in th8 perfomance of this Trust's objectives. With regard to Il¥ investments the Trust alms to maxlmise Income for grant maklng whi18t preserrflng the capital volue of its assets. Flnanclal Revlew The fin8ncial stat&menls compty wrlh current statutory requirements, the govemlng documents and the statement of Recommended Pr8Ctice - Accounting and Reporting by charities. The accounts have been prepared under the accruals concept. Tho amount of inrne spent on grants during the year was £39,500 ghowng an Incre88e from Ihe prevlous year's grants12023.' £38,000). The princlpal funding 80urce of Income for the Trust is its investments. These 8ffj managed on 8 mix of discretionary and delegaled authority to generate income to 8UPPOrt the cost of running the Charity and for expenditur8 in113 grant making programme. The Trustee Investment Pollcy Statement for investments refleclg consld6ralion of how social, envlronmenlal and ethical considerations can be taken into account. The agreed objective is to maximis8 ncome whilst preserving the valu8 of the capital bage of the portrolio al least in line wilh the rate of inflation th a risk proflle which is moderate overall. It is agreed th8t no investment should be made in companigs that predominantly manufacture tobacco produds. The Policy is adjusted periodically to refl8Ct chang95 in the proportions of asset allocations.
Stslement No.1 (Gontlnuedl The Zachary Merton and George Woofindin Convalescent Trust Trustees, Annual Rèport for the year ending 31 Decembèr 2024 The Snvestmenl managers report in WTiting at least twice a year and attend at least once a year lo gwe an Ofal report and to answer questions by Trusteeg on Ihe perft)mance of the endowment funds. Thus the Trustees are able to asge$s at least on two occasions in each year how the charity is progresging in its grant making, in relation lo its investments and in relation lo the performance of rts objects. The Clerk is in attendance at each meeting. Her performance is assessed by the Trustees as 8 body and in particular by the Chairman. The income of the Charity ig modest and the Tru$lee8, in acGordance with good modern charity pr8Cti¢e and pregent charity law, have established a policy lo gwe priority to the most pressing needs in thè field. In performance of rf(s objectives for the ye8r, grants weie repeated or in¢reasgd to support a core of charities working in the range of activities to which the Trust has givèn support for some time. The charily plans lo proceed wrth a 5imikr pallern of grant making. Public Beneflt The Trustees have considered the public benefit guiéance issuad by the Charity Commi551on. It was noted that a charitable organisation musl be 8ble to demonstrate that its aims are for the publ benefit and that there mugt be complianc8 wlth two principles.. The first prindple is that there must be an Identifiable benefit or b8nefits- As a grant making ¢harSty the Trusl h8$ clear purposes, sel out in its 1993 Scheme which il fuifils through its grant making programmes, both to regular recipients and lo one-off applicants. The benefits are id8nlifiable in th& aclivitl8s undertaken by the grant beneficlsries in d8liveTing their own charitable objectives wrth fundg provided by the Trust. Each regular applicant reports back lo the Trust and eaGh such charity has a link TNst8e who regularfy monitors the actwities of the charity and the expendtlure of the Trust's grant monies. The Trustees are therefore able lo identify clearly what the benefits are of the grant making, how those benefrts relate lo the aims of this Trust and to be as confident as they Can be that there is no imbalance between delivering the public benefit and 8ny potential detrlmenl or harm. Two Trustee8 at least are medical practilioner5, whose skills are available to the trustee body as a whole in assessing unusual applications that may contain the potential for actual risk of d8nger or damage to mental or physical health, being the most likely detrimental risks for this particular granl making Trust. The second princlple requir85 that the benefit must be lo Ihe publSc or a section of the publ1¢. The appropriateness of the beneficiaries to the aims of this Tfusl are assessed by the application form and its supporting doGum8nls and the enquiries via the allocated Trustee. In relation to oneff applications the piovision of papetwork and the ¢omplelion of an application form enables th8 Trust lo comply wrth this part of the principle. The Trustees are conscious of the need to ensure, so far as they can. that 8 section of the public benefiting is not unreasonably restricted. The Trugt has its own geographlcal restrictions which il applies and that is a reasonab18 Step. The examination of accounts and the beneficiarles, approach lo finance, enable the Trustees lo assess adequately for their purposes any questions that may arise over restrictions QWing from the charging of fogs by beneficiary charities. The same analysis enables the Trustees to assess Ih? issue of potents'al exclusion of those in poverty. Pr(vate benefit is unllkely to be an issue in the grant making aclivilies of this Trust, but the Trustees are aware of the need to keep an eye open for this risk.
statement No.1 Iconlinued) The Zachary Merton and Georye Woofindin Convalescent Trust Trustse8' Annual Report for the year endlng 31 December 2024 This report already contains a summary of the object5 of thls charity, a summary of it5 main actNItS and record of its achievements in relation to ils objects by reference to grant making. A total of £39,500 of grants wer8 made during the year to the usual range of medical and Caring charities. The Trugtees are awar& that the Charities Act 2011 contains an obligatlon that requires trusle8S to report on the Gharity's public benefit. The above section 15 Intended to meot that requirement. Th& Trustees are aware that when planning th8 charity's aclivitles they must have regard to the Commisslon's guidance on publlc benefit. They ¢onfirm that they have had such regard. erv The Trustee8 confimi that tho agset8 are 8V8ilable to fulfll the obligations of the charity and that it is appropriate to keep cash balances 81818vel approximately equivalent to ils av&rage annual income. The level of cash al bank at 31 December 2024 was £57,662.18. It is expected that this balance will be reduced durlng 2025, as a result of the pattern of grant making anticlpated. Inv•8tmont Poworn The charity's powers of Investmenl are govèrned by the Trustee Act 2000. The Trustees take professional advSce from their investment managersladvlgors on all Investment mallers. The Trust's policy Is to maximise incom8 for grant making whilst pSeIng the capital valu8 of its assets. Bearing in mind the turbulence In investment m8rkels the Trustees belleve this objectlve has been broadly fulfilled. The Trust, Investments are dealt with partty on a delegated basis and olh8rwlse by way of a holding of collective investment funds and gilt8 on an advisory arr8ngement. Performance is measured regularly against recognised benchmarks. Rl8 As 8 matter of best practice, the Trustees are congcious of the need to consider risk. The Trustees address and seek to mitigate the principal areas of risk by engaging and relying upon professional Investment manag8rs (who cary indemnity insurantx) ané by inslwcllng a clerk who 18 legally qualified and is a member of a team of speciallst practitioners in a well est8bli$hed legal practice IwhiGh ¢arries indemn insurance). Plan8 for Futur Perlod3 The Trust plans lo m8intaln its gr8nt making programm8, It believes that its objective¥ and Ils granl pollcles enable tt to deliver its object5. 11 is clear from Ihe liaison wllh the beneficiaries at the local level that the funds made available through the charY are crucial for the continuing work of th& charities which the Trust 5UPPOrts.
statement No.1 (continued) The Zachary Merton and Georga Wootlndln Convalescent Trust Trustees, Annual Report for the year ending 31 December 2024 On b8half of the Trustees Mr R P Hagua Chaimian 1 Ith April 2025 10
Statsment No.2 The Zachary Merton and George Wooflndln Convalescent Trust Accounts for tho year to 31 Decornber 2024 Statement of financial activtties Note 2024 2023 In¢omlng ro8ource8 Income from investment Bonk interest 47,533.78 1,321.01 48,854.79 46,590.87 1,160.49 47,751.36 Total incoming r080urc Resources oxpend•d Charitable gr8nts Adminislralion expenses Independent Examiner's fees Dats Protection annual fee Bank Monthly A¢¢ Fee T¢)tsl resourc expended 39,500.00 13,104.00 1,728.00 40.00 83.25 38,000.00 12,300.00 1.632.00 40.00 89.25 54,455.25 52.061.25 (Oulgolngl ro8our¢o8 5 800.46 4 309.89 Accumulated Income Account Balance brought forward Net Incomlng for the year Balanc8 carried forward 51,486.30 15,600.481 45.885.84 55,796.19 14,309.89) 51,486.30 11
Statement No. 2 Th& Zachary Merton and George Woofindln Conval8sc8nt Trust Accounts for the yoar to 31 Decomber 2024 Trust Fund Account Balance as at 1 January 2024 1,131,941.24 Add: Reali58d 98ln 8,811.04 Unreali8ed galn 34,177.61 1,172,929.89 Les8: Inve8lm8nl manager (12.434.551 Balanco as at 31 DeCemr 2024 1,180,495.34 12
statement No. 2 The Zachary Merton and George Woofindin Convalescent Trust Balanco sheet as at 31 December 2024 Note 2024 2023 Monetary Assets: Cash at bank Cash at Investment managers 47,379.16 10,283.02 57.662.18 52,931.62 5,909.92 58,841.54 Non Monetary A880ts: Invèstments at Market Value 1,150,399.00 1,126.218.00 Tot81 asset8 1,208,061.18 1.185,059.54 LM•: Llabilitie• Ind8p8ndenl Examlner'8 fe88 Net a988ts 11,680.001 11.832.001 1.183,427,54 1,206.381.18 Capltal and Undl8lrlbut•d Income Capital Undl8tributed Incom8 1,160.495.34 45.885.84 1,131,941.24 51,486.30 1,208.381.18 1,183,427.54 13
ststem&nt No.3 The Zachary Merton and George Wooflndln Convalescènt Trust Accounts for the year to 31 December 2024 N¢)tss to thfr a¢¢ounts Charitable Grants 2024 2023 The Cavendish Cenlre MIND (Sheffield) Multiple Sclerosis Centre IS Yorkshire) SHARE Psychotherapy Agency Sheffield Famity HolSday Fund Sheffiekl Churches Council for Community Care REACT Slck Chlldren'8 Trust Spinal Injuries Assockgtion Bainsley H08pice Darnall Dementia Cortas Hallam with Barnsley Sl Vincent depaw Happy Days Children's Charlty St Wlfreds Centre Saffron Sheffield Theodora Children's Charity Sheffi&ld Men¢8p- Gateway Ashgate Hospice Aspire Grow Lincoln Communtty Lard81 Movement for non-mobile children (whizz kidzl S2 Food Poverty NeIk Foodbank Rotherham Hospice Llght Per Support Ltd RAF BenevoKgnt Fund Rotherham Cancer Care Trent Compassion Trust The Arches Llncoln Foodbank S8 Foodbank Disabllity Support Nottingham 4,000 5,000 5,000 5,000 2,000 7,000 500 1.000 1,000 4,000 2,500 5,000 5.000 2,000 7,000 500 500 500 500 3,000 3,000 500 500 500 500 500 1,000 500 1.000 500 1.500 500 11,5001 1,000 500 500 500 500 500 500 500 1,000 500 500 39,500 38,000 These acGourrts are prepar8d on a receipts and payments basis and so provision Is nol made for any payment falling due, but not being paid. until after year end. 14
Statement No.4 Independent Examlnerfs report to the Trustees of Tha Zachary Merton and George Wooflndin Convalescent Trust I report to Ihe truslees on my examination of the aGGounts oflhe Charity for the year ended 31 D8C8mber 2024 which ar8 set on pages 1 to 14. Respectlve ro8pon8lbllltle8 and basls of report As the charrvg trustees of the trust you are responsible for the preparation of the aGGounts in accordance with the reqll1MentS of the Charitie8 Act 20111'the Act'l. I reFort In r85pect of my examlnation of th8 Trust's accounts carrI8d out under secllon 145 of the 2011 Act and in carrying out my examination I have followed all the applicable DlrectSons given by Ihe Charity Commlsslon under gecti)n 145(5llb) of the Act. Independent oxamlnerfs statement I have compl8ted my examlnation. I confimi that no material Matters have come to my attenwon In connectlon with the examination giving me cause to belleve that in any material respect: 1. accounting records w8re not kept in respect of the Trust as required by sectlon 130 of th• Act; or 2. the account8 do not arxord with Ihoge r8cord8; or 3. the accounts do not comply with the applicable r¢quiffjmenls concerning tho form and content of accounts 88t out In the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts glve a 'true and falr vl8w whlchls not 8 matter con8l¢Jered as part of an independent examin8110n. I have no concerns and have come across no other matters In connection wlth the examinallon lo whlch attentlon should be drawn In Ihlg report in order to enable a proper understanding of the account8 to b8 reached. laden, Partner Hawsons, Chartered Accounlanl8 Pega3us House 463a Glossop Road Sheffield S102QD 11th Aprfl 2025 15