## **DUMBRECK CHARITY**
**ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024**
## **DUMBRECK CHARITY**
## **INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024**
|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: Jeremy Kitson FCA Prime Chartered Accountants 161 Newhall Street Birmingham B3 1SW 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 2024**
The Trustees present their annual report and financial statements of the charity for the year ended 5 April 2024. 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 £114,000 during the year, as shown on Statement 3 (2023 - £128,500). 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 2024 (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 4.97%, 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 has increased by just under 6% to £195,739 (2023 – £185,084), primarily due to an increase in interest from UK companies and banks. Costs of raising funds comprise investment manager fees and these have reduced slightly, from £21,034 in 2023 to £19,878. Grants payable have decreased from £128,500 in 2023 to £114,000 this year, due to a number of large one off donations not being repeated this year. Other costs have increased by £237, to £11,524 (2023 – £11,287). The net result is net income before gains and losses on investments of £50,337 (2023 – £24,263).
There have been net gains on investments this year of £44,192 (2023 – losses of £535,076), a significant increase following the recovery of the investment markets during the year. The total investments and reserves values are deemed sufficient to enable the charity to continue operations in the normal way.
The net result is a net movement in funds of £94,529 (2023 – net reduction in funds of £510,813).
Investments under management total £4,611,597 (2023 - £4,585,348), a minimal increase.
## **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 16 July 2024
## **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 2024, 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.
Jeremy Kitson FCA
Prime Chartered Accountants 161 Newhall Street Birmingham, B3 1SW
Date: 28 August 2024
**STATEMENT 1**
## **DUMBRECK CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024**
|Statement
**INCOME**
**Income and endowments**
Investment income (Note 2)
4
Gross bank interest
**TOTAL INCOME**
**EXPENDITURE**
**Costs of raising funds(Note 1(3))**
Investment management fees
4
**Charitable Activities**
Grants payable
3
**Other expenditure**
Accountancy and administration charges
Independent examination
Trustees expenses
**TOTAL EXPENDITURE**
**NET INCOME AND NET MOVEMENT IN FUNDS BEFORE**
**GAINS AND LOSSES ON INVESTMENTS**
**Net gains/(losses) on investments (Note 3)**
4
On Listed investments
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2024
194,139
1,600
195,739
19,878
114,000
10,179
1,260
85
145,402
50,337
44,192
94,529
4,757,979
£4,852,508|2023
184,884
200
185,084
21,034
128,500
9,941
1,200
146
160,821
24,263
(535,076)
(510,813)
5,268,792
£4,757,979|
|---|---|---|
**STATEMENT 2**
## **DUMBRECK CHARITY**
|**BALANCE SHEET - 5 APRIL 2024**
Note
**Fixed Assets**
Investments under management
3
**Total Fixed Assets**
**Current Assets**
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**|
246,421
246,421
(5,510)||2024
4,611,597
4,611,597
240,911
£4,852,508
4,852,508
£4,852,508|||2023
4,585,348
4,585,348
172,631
£4,757,979
4,757,979
£4,757,979|
|---|---|---|---|---|---|---|
||||||
178,631
178,631
(6,000)||
||||||||
||||||||
Approved by the trustees on 16 July 2024
**STATEMENT 3 PAGE 1**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2024**
## **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 Royal British Legion Poppy Appeal
Warwickshire Vision Support
**MEDICAL**
Hannah’s Willberry Wonder Pony Charity
Kissing It Better
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
3,000
1,000
1,000
1,000
1,000
1,000|7,000
3,000
5,000
**7**,000
4,000
26,000|
|---|---|---|
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 2**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)**
_Forward_
26,000
## **SPECIAL DONATIONS**
## **ANIMAL WELFARE/CONSERVATION**
|The Barn Owl Trust|500||
|---|---|---|
|Birmingham Dogs Home|1,000||
|Central Cat Rescue|500||
|The Farm Animal Rescue Sanctuary|500||
|Greatwood – Horse Power Programme|500||
|Mare and Foal Sanctuary|500||
|Prickles Hedgehog Rescue|500||
|Warwickshire Hedgehog Rescue|500||
|||4,500|
## **CHILDREN’S WELFARE**
|Big Brum Theatre Education Company Ltd
Birmingham Boys and Girls Union (BBGU)
Clowns in the Sky
Crackerjacks Children’s Trust
Edward’s Trust
Footsteps
Funky Kids
Guy’s Gift
The Honeypot Children’s Charity
Howley Grange Scout Group
Kids Like Us
Kids on Track
Kingswood Trust
The Pony Club
Shirley & District Sea Cadets
Starlight Youth Theatre
Street Teams
Tiny Tim’s Children’s Centre
Wolverhampton Youth Zone
Zoe’s Place|500
1,000
500
500
500
500
500
500
500
500
500
1,000
1,000
1,000
500
1,000
500
500
500
500
12,500|
|---|---|
## **CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED**
|ASPIE
Birmingham PHAB camps
Blesma
Blind in Business
Blind Veterans UK
British Disabled Angling Association
Chris Westwood Charity
Deaf World
Dog Assistance in Disability
Limbless Association
Listening Books
The Living Paintings Trust
The Myriad Centre
_Forward_|500
1,000
1,000
1,000
1,000
500
500
500
500
500
500
500
500
_8,500_||
|---|---|---|
|||43,000|
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 3**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)**
|_Forward_|_8,500_|43,000|
|---|---|---|
|**CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED (CONTINUED)**|||
|Nuneaton & North Warwickshire Equestrian Centre|500||
|The Poppy Factory|1,000||
|Soundabout|500||
|Sportability|500||
|Support Dogs|1,000||
|Where Next Association|500||
|The Willow Trust|500||
|||13,000|
|**MEDICAL**|||
|Acorns|1,000||
|Arrive Alive|1,000||
|Child Autism UK|500||
|Children’s Liver Disease Foundation|500||
|Crohn’s and Colitis Relief|500||
|The Hospice Charity Partnership (formerly St Mary’s Hospice)|1,000||
|John Fawcett Foundation|500||
|Katharine House Hospice|1,000||
|Mary Stevens Hospice|1,000||
|Medical Detection Dogs|1,000||
|Motor Neurone Disease Association (MNDA)|1,000||
|Muscular Dystrophy Support Centre|500||
|Music Therapy Works|1,000||
|NICE|1,000||
|Parkinsons UK (for Research)|1,000||
|Sightsavers|1,000||
|The Smile Train UK|1,000||
|St Richard’s Hospice|1,000||
|The Ambulance Staff Charity (TASC)|500||
|Warwickshire & Northamptonshire Air Ambulance (The Air Ambulance Service)1,000|||
|||17,000|
|**SOCIAL WELFARE**|||
|Acacia Family Support|500||
|Birmingham City Mission|1,000||
|Climbing Out|500||
|Crafting for Communities|500||
|Geese Theatre Company|500||
|The Giving Hands Mission|500||
|Gigal Birmingham|1,000||
|Halford Village Hall|4,000||
|Heaven Gate Centre|500||
|House of Bread|500||
|The House on the Corner Community Project|500||
|The James Brindley Foundation|1,000||
|Karis Neighbour Scheme|500||
|Nicodemus|500||
|Norton Hall Children and Family Centre Ltd|500||
_12,500_
73,000
_Forward_
**STATEMENT 3 PAGE 4**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)**
|_Forward_
**SOCIAL WELFARE (CONTINUED)**
Relate Worcestershire
Ryders Green Methodist Day Centre
Samaritans Birmingham
St Basil’s
St Paul’s Hostel
Tipton Foodbank
Thomas White Cottage Homes
**CULTURE AND THE ARTS**
Armonico Consort
Avoncroft Museum of Historic Buildings
Bendetti Foundation
Birmingham Royal Ballet
B:Music
City of Birmingham Choir
Dance Fest
Keats Foundation (Tamsine’s Diary)
Misfits Music Foundation
Orchestra of the Swan
Personna Arts
Stratford-upon-Avon Music Festival
**MISCELLANEOUS**
Addington Fund
Baby Ava’s Support Foundation
British Forces Foundation
Cavell Nurses Trust
Chase Africa
Frank Water
Grace Kelly Childhood Cancer Trust
The Kambia Appeal
The Lily Mae Foundation
Parenting Mental Health
Royal Artillery Saddle Club (Larkhill)
Saltmine Trust
Sport 4 Life UK
Stage2 Youth Theatre Company
Universtiy Hospitals Birmingham Charity
Warley Woods Community Trust
Welcome to Our Future
West Mercia Search & Rescue
Wythall Community Association|_12,500_
500
1,000
500
1,000
500
1,000
500
1,000
1,000
500
1,000
500
1,000
1,000
500
500
1,000
500
500
1,000
500
500
1,000
1,000
1,000
1,000
1,000
500
500
2,000
500
500
500
1,000
500
500
500
500|73,000
17,500
9,000
14,500
£114,000|
|---|---|---|
All grants made represent one payment to institutions for general purposes unless otherwise stated.
**DUMBRECK CHARITY**
**STATEMENT 4 PAGE 1**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024**
## **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**
**STATEMENT 4 PAGE 2**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)**
## **(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 2023
Purchases
Proceeds
Gain/(loss)
Market value at 5 April 2024
**Cash balances**
**Total under management at 5 April 2024**
Cost of listed investments at 5 April 2024
Investments at market value comprised:
UK equities, including unit trusts & OEICS
UK fixed interest securities including unit trusts
Market value at 5 April 2024||
|---|---|
All investment assets are held in the UK. There are no investments in individual entities held at 5 April 2024 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 2024 (CONTINUED)**
## **4 BANK ACCOUNTS**
|Balances held at 5 April 2023 were as follows:
Lloyds
EFG Harris Allday account|2024
2023
239,061
171,616
7,360
7,015
£246,421
£178,631|
|---|---|
## **5 CREDITORS: Amounts falling due within one year**
|PS Accounting
Prime Accountants and Business Advisors Limited|2024
4,250
1,260
£5,510|2023
4,800
1,200
£6,000|
|---|---|---|
## **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 Halford Village Hall (Mrs JE Melling) - £4,000