## **DUMBRECK CHARITY**
**ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022**
## **DUMBRECK CHARITY**
## **INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022**
|REFERENCE AND ADMINISTRATIVE INFORMATION
REPORT OF THE TRUSTEES
INDEPENDENT EXAMINER’S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
GRANTS PAYABLE
NOTES TO THE ACCOUNTS|Statement
1
2
3
4|
|---|---|
## **DUMBRECK CHARITY**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|Trustees:|HB Carslake|
|---|---|
||Mrs JE Melling|
||Mrs JE Uloth|
|Accountants:|PS Accounting|
||41 Sycamore Drive|
||Hollywood|
||Birmingham|
||B47 5QX|
|Independent examiner:|Ian Bidmead FCA|
||Stanley Yule Limited|
||Chartered Accountants|
||Waterside House|
||1649 Pershore Road|
||Birmingham|
||B30 3DR|
|Bankers:|Lloyds Bank plc|
||Units 2&3 Caxton Gate|
||36/38 New Street|
||Birmingham|
||B2 4LP|
|Solicitors:|Shakespeare Martineau|
||1 Colmore Square|
||Birmingham|
||B4 6AA|
|Investment manager:|EFG Harris Allday|
||33 Great Charles Street|
||Birmingham|
||B3 3JN|
|Registration number:|273070|
|Registered address:|c/o PS Accounting|
||41 Sycamore Drive|
||Hollywood|
||Birmingham|
||B47 5QX|
## **DUMBRECK CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022**
The Trustees present their annual report and financial statements of the charity for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting 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 (FRS102) (effective 1 January 2019).
## **Going concern**
The accounts have been prepared on the basis of being a going concern. The Trustees confirm that they have taken into account all available information about the future for at least 12 months from the date the accounts were approved and conclude that there is no uncertainty relating to going concern.
## **Structure, governance and management**
The Dumbreck Charity was created by the late Mrs B H Mellor by a Deed of Settlement dated 6 January 1976. Further gifts to the trustees were made by Miss BY Mellor on 31 January 1978 and by Mrs Mellor on 14 August 1979 and 22 October 1985. In addition, part of the estate of the late Mrs Mellor, who died on 9 April 1986, was given to the trust by virtue of a deed made by Miss BY Mellor on 7 November 1986. On 25 October 1991 Miss BY Mellor made a further gift of investments to the Settlement. Miss Mellor died on 29 July 2008 and left a quarter of the residue of her estate to the trustees.
The trustees hold the settled property upon trust to apply the income in payment of donations to such charitable institutions or for such charitable purposes as they or a majority of them shall determine. The trustees also have power to apply capital in the same manner.
The original trustees were appointed by Mrs B H Mellor. Since her death, the power to appoint new trustees is vested in the existing trustees. The trust deed provides that there should not be fewer than three trustees at any time.
## **Objectives and grant making policy**
The objective is to support general worthy causes and donations are made to any charitable institution or for charitable purposes, provided there is majority agreement amongst the trustees. The trustees regularly consider applications for donations and meet every six months to approve expenditure.
In general, new applications are only considered from organisations in the Midlands counties.
The majority of the donations made fall within the following categories: animal welfare and conservation, children’s welfare, care of the elderly and physically or mentally handicapped, general medical and culture and the arts. However, applications for donations for other purposes are considered.
## **Achievements and performance**
The charity has continued to be able to support charitable causes and has made grants totalling £150,500 during the year, as shown on Statement 3 (2021 - £123,250). The trustees are satisfied that this expenditure is ultimately for public benefit having regard to Charity Commission guidelines because the donations are to other charitable organisations, whose funds are generally utilised for the benefit of a wide population.
## **DUMBRECK CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
## **Investment policy and returns**
There are no restrictions on the charity’s power to invest and the trustees have power to delegate discretionary powers of investment to an investment manager. The charity has adopted a total return policy for its investment income and a strategy and risk profile is agreed annually with the investment manager. The investment performance is reviewed via the manager’s quarterly reports and the trustees meet with the manager annually to discuss this performance. The total return on the investments over the last year was 4%, which is regarded by the trustees as being satisfactory compared with relevant indices.
## **Reserves policy**
The trustees have reviewed the reserves of the charity, which are wholly unrestricted. The majority of these reserves are represented by investments. The trustees do not actively fundraise and therefore rely on the income earned from these investments to enable them to continue their philanthropic work. The trustees consider that the current level of reserves is appropriate to enable them to continue to fund grants and governance costs without significantly reducing the investment capital of the charity.
## **Financial Review**
Income for the year is similar to that of 2021 being £172,159 (2021 – £174,848). A sum of £1,530 was received from the investment manager due to an investment sale not being processed and the subsequent proceeds received being less than they would otherwise have been. Costs of raising funds have been incurred this year because the investment manager changed their charging structure from 1 January 2022. Prior to this, they did not charge separate fees and their commission charges are included in the investment acquisition and disposal costs. Grants payable have increased from £123,250 in 2021 to £150,500 this year, due to a number of large one off donations being made to crisis appeals. Other costs are similar to last year being £10,343 (2021 – £9,867). There have been net gains on investments this year of £24,383 (2021 – £1,325,959), a significant reduction. Last year the world markets were recovering after the COVID-19 pandemic and gains were very large; this year gains are more subdued, particularly because of the invasion of Ukraine by Russia in February 2022. However, the total investments and reserves values are deemed sufficient to enable the charity to continue operations in the normal way until the effect of the invasion has corrected in due course.
The net result is net income of £32,015 (2021 – £1,367,690).
Investments under management total £5,136,842 (2021 - £5,114,661), an increase of 0.4%.
## **Risk Management**
The trustees have examined the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate our exposure to the major risks.
Approved by the trustees on 7 July 2022
## **DUMBRECK CHARITY**
## **Independent examiner’s report to the trustees of Dumbreck Charity**
I report to the trustees on my examination of the accounts of Dumbreck Charity (the Trust) for the year ended 5 April 2022, which are set out in Statements 1 and 2, Statement 3 which comprises pages 1 to 4 and Statement 4 which comprises pages 1 to 3.
## **Respective responsibilities of trustees and examiner**
As the charity trustees of the Trust 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 Trustees’ 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 2011 Act.
## **Independent examiner’s statement**
I have completed by 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:
- (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable 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.
Ian Bidmead FCA
Stanley Yule Limited, Chartered Accountants Waterside House, 1649 Pershore Road, Birmingham B30 3DR
Date: 15 August 2022
**STATEMENT 1**
## **DUMBRECK CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022**
|**INCOME**
**Income and endowments**
Investment income (Note 2)
Gross bank interest
Other income
**TOTAL INCOME**
**EXPENDITURE**
**Costs of raising funds(Note 1(3))**
**Charitable Activities**
Grants payable
**Other expenditure**
Accountancy and administration charges
Independent examination
**TOTAL EXPENDITURE**
**Net gains/(losses) on investments (Note 3)**
On Listed investments
**NET INCOME AND NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Statement
4
4
3
4|2022
170,617
12
1,530
172,159
3,684
150,500
9,263
1,080
164,527
7,632
24,383
32,015
5,236,777
£5,268,792|2021
174,824
24
-
174,848
-
123,250
8,895
972
133,117
41,731
1,325,959
1,367,690
3,869,087
£5,236,777|
|---|---|---|---|
**STATEMENT 2**
## **DUMBRECK CHARITY**
|**BALANCE SHEET - 5 APRIL 2022**
Note
**Fixed Assets**
Investments under management
3
**Total Fixed Assets**
**Current Assets**
Investment income receivable
Balances at bank
4
**Total Current Assets**
**Creditors: amounts falling due**
**within one year**
5
**Net Current Assets**
**Net Assets**
**REPRESENTED BY**
**FUNDS**
Unrestricted income funds
**Total Charity Funds**
Approved by the trustees on 7 July 2022|
-
137,280
137,280
(5,330)||2022
5,136,842
5,136,842
131,950
£5,268,792
5,268,792
£5,268,792|||2021
5,114,661
5,114,661
122,116
£5,236,777
5,236,777
£5,236,777|
|---|---|---|---|---|---|---|
||||||
93
126,295
126,388
(4,272)||
||||||||
||||||||
**STATEMENT 3 PAGE 1**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2022**
## **REGULAR DONATIONS**
## **ANIMAL WELFARE/CONSERVATION**
|The British Horse Society
Brooke – Hospital for Animals Cairo
Redwing Horse Sanctuary
Spear
**CHILDREN’S WELFARE**
The Stars Appeal (Children’s Ward Salisbury Hospital)
The Country Trust
Young People First
**CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED**
Dogs for Good
Guide Dogs for the Blind Association
The Injured Jockey’s Fund
The Riding for the Disabled Association
The Royal British Legion Poppy Appeal
Warwickshire Vision Support
**MEDICAL**
Hannah’s Willberry Wonder Pony Charity
Kissing It Better
Leamington Spa Macular Society Support Group
Salisbury Hospice Charity
Shipston Home Nursing
Wessex Children’s Hospice Trust (Naomi House and jacksplace)
**MISCELLANEOUS**
The Countryside Alliance Foundation
Countryside Restoration Trust
Hunt Staff Benefit Society
SSAFA
_Forward_|2,000
2,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,000
1,000
1,000
1,000
1,000
1,000|7,000
3,000
6,000
8,000
4,000
28,000|
|---|---|---|
**STATEMENT 3 PAGE 2**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
_Forward_
28,000
## **SPECIAL DONATIONS**
## **ANIMAL WELFARE/CONSERVATION**
|The Barn Owl Trust
Birmingham Dogs Home
Bumblebee Conservation Trust
Cuan Wildlife Rescue
The Donkey Sanctuary
The Farm Animal Sanctuary
Friends of the Dartmoor Pony
Greatwood – Horse Power Programme
Mare and Foal Sanctuary
Prickles Hedgehog Rescue
RSPB Sandwell Valley Nature Reserve
Warwickshire Hedgehog Rescue
**CHILDREN’S WELFARE**
1stSolihull Scout Group
2ndWarwick Sea Scout Group
Abby’s Heroes
Andover Young Carers
Birmingham Boys and Girls Union (BBGU)
Clowns in the Sky
Footsteps
Hanford School Charitable Trust
The Honeypot Children’s Charity
Kids on Track
Meriden Adventure Playground Association (MAPA)|500
1,000
500
500
500
500
500
500
500
500
500
500
6,500
1,000
1,000
1,000
500
1,000
1,000
500
2,000
1,000
2,000
500
11,500|
|---|---|
## **CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED**
|Albrighton Trust
Avery Fields Community Sports Trust
BCAT
Birmingham PHAB camps
Blesma
British Wireless for the Blind Fund
Chris Westwood Charity
Disabled Sailors Association
Dog Assistance in Disability
Listening Books
Living Paintings
Mobility Trust
The Movement Centre
Multiple Sclerosis Society – Andover & Rural District
Music of Life Foundation
Nuneaton & North Warwickshire Equestrian Centre
The Poppy Factory
Sunfield (Ruskin Mill Group)
_Forward_|500
2,000
500
1,000
1,000
1,000
500
1,000
500
500
500
500
500
500
500
500
1,000
500|
|---|---|
||_13,000_|
46,000
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 3**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
|_Forward_|_13,000_|46,000|
|---|---|---|
|**CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED (CONTINUED)**|||
|Support Dogs|1,000||
|Victoria School (Friends of Victoria)|1,000||
|Walsall Society for the Blind|1,000||
|||16,000|
|**MEDICAL**|||
|4 Cancer Group|500||
|Acorns|2,000||
|Action on Pre-eclampsia|1,000||
|Bowel Cancer UK|1,000||
|Child Autism UK|1,000||
|Children’s Liver Disease Foundation|2,000||
|Home from Hospital Care|1,000||
|The Hospice Charity Partnership (formerly St Mary’s Hospice)|1,000||
|Katharine House Hospice|1,000||
|Mary Stevens Hospice|1,000||
|Motor Neurone Disease Association (MNDA)|1,000||
|NICE|1,000||
|Parkinsons UK (for Research)|1,000||
|Primrose Hospice|500||
|The Shakespeare Hospice|1,000||
|Sightsavers|1,000||
|Smile Train UK|1,000||
|St Richard’s Hospice|2,000||
|Teenage Cancer Trust|1,000||
|Warwickshire & Northamptonshire Air Ambulance (The Air Ambulance Service)1,000|||
|||22,000|
|**SOCIAL WELFARE**
The Giving Hands Mission
HALOW (Help & Advice Line for Offenders’ Wives, Partners & Families)
Heaven Gate Centre
Home Start South Warwickshire
The House on the Corner Community Project
Kidderminster and District Youth Club
Maggs Day Centre
Maryvale Community Project
OpenDoor Community Foundation
Relate Worcestershire
Samaritans Birmingham
Samaritans Worcester
St Anne’s Hostel
St Basil’s (2 donations)
Thrive
Worcester Street Pastors|1,000
1,000
1,000
1,000
500
500
1,000
1,000
1,000
500
1,000
1,000
1,000
6,000
1,000
500|19,000|
|---|---|---|
_Forward_
103,000
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 4**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
|_Forward_
**CULTURE AND THE ARTS**
Birmingham Royal Ballet
City of Birmingham Choir
CBSO
Elmhurst Ballet School
Friends of Pershore Abbey
Orchestra of the Swan
Royal Birmingham Society of Artists
**MISCELLANEOUS**
Addington Fund
Birmingham Cathedral
Cavell Nurses Trust
DEC Afghanistan Crisis Appeal
DEC Coronavirus Appeal
DEC Ukraine Humanitarian Appeal
Frank Water
Fishing for Heroes
Royal Artillery Saddle Club (Larkhill)
Royal Worcester Grammar School
Stage2 Youth Theatre Company
Support Through Court
Walsall Bereavement Support Service
Warley Woods Community Trust
Warwickshire Young Carers
Welcome to Our Future
Wythall Community Association
Refunded donation from year ended 5 April 2020:
ReCom|1,000
1,000
1,000
1,000
5,000
1,000
5,000
1,000
2,000
1,000
5,000
5,000
10,000
1,000
500
1,000
1,000
1,000
1,000
500
1,000
1,000
500
1,000|103,000
15,000
33,500
151,500
(1,000)
£150,500|
|---|---|---|
All grants made represent one payment to institutions for general purposes unless otherwise stated.
**STATEMENT 4 PAGE 1**
## **DUMBRECK CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022**
## **1 ACCOUNTING POLICIES**
## **(1) Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, and comply with the charity’s trust deed and the Charities Act 2011 **.**
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the trust’s ability to continue as a going concern.
## **(2) Income recognition**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Investment income is accounted for on the date the income becomes due and includes any recoverable tax. All other income is accounted for when received.
## **(3) Expenditure recognition**
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 settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Grants and donations are payments made to third parties in the furtherance of the charitable objects of the Charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award and is accounted for when paid over, or when awarded, if that award creates a constructively binding obligation on the Charity. Costs of raising funds comprise those costs directly attributable to managing the investment portfolio and raising investment income.
## **(4) Investments**
Investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price as provided by the investment manager. Gains and losses, both realised and those arising on revaluation, are combined and included in the Statement of Financial Activities.
## **(5) Current assets**
Amounts owing to the Charity at the balance sheet date are shown as debtors less provision for amounts that may prove uncollectable.
**DUMBRECK CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
**STATEMENT 4 PAGE 2**
## **(6) Fund accounting**
General funds represent the funds of the Charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Charity. Funds designated for a particular purpose by the Charity are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
|**2**
**INVESTMENT INCOME**
Dividends – UK equities, including unit trusts & OEICS
Interest – UK fixed interest securities, including unit trusts
Property income payments
**3**
**FIXED ASSET INVESTMENTS**
Market value at 5 April 2021
Purchases
Proceeds
Equalisation/capital repayments
Gain/(loss)
Market value at 5 April 2022
**Cash balances**
**Total under management at 5 April 2022**
Cost of listed investments at 5 April 2022
Investments at market value comprised:
UK equities, including unit trusts & OEICS
UK fixed interest securities including unit trusts
Market value at 5 April 2022||
|---|---|
All investment assets are held in the UK. There are no investments in individual entities held at 5 April 2022 which are considered by the Trustees to be material (over 5% of portfolio by value).
The trustees do not actively fundraise and therefore rely on the income earned from these investments to enable them to continue their philanthropic work. They are also able to distribute capital.
**STATEMENT 4 PAGE 3**
## **DUMBRECK CHARITY**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 (CONTINUED)**
## **4 BANK ACCOUNTS**
|Balances held at 5 April 2022 were as follows:
Lloyds
EFG Harris Allday account|2022
2021
129,113
119,520
8,167
6,775
£137,280
£126,295
|
|---|---|
## **5 CREDITORS: Amounts falling due within one year**
|PS Accounting
Stanley Yule|2022
4,250
1,080
£5,330
|2021
3,300
972
£4,272|
|---|---|---|
## **6 RELATED PARTY TRANSACTIONS**
None of the trustees were paid any remuneration or reimbursed any expenses during the year.
During the year grants were made to a number of organisations with which one or more of the trustees of the Dumbreck Charity were associated as follows:
City of Birmingham Choir (HB Carslake) - £1,000