## **DUMBRECK CHARITY**
**ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025**
## **DUMBRECK CHARITY**
## **INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025**
|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 5[th] Floor 103 Colmore Row Birmingham B3 3AG 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 2025**
The Trustees present their annual report and financial statements of the charity for the year ended 5 April 2025. 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 £142,000 during the year, as shown on Statement 3 (2024 - £114,000). 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 2025 (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 twice a year to discuss this performance. The total return on the investments over the last year was 0.48%, 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 decreased by 2.9% to £190,048 (2024 – £195,739), due to a large decrease in dividends from UK companies, slightly countered by an increase in interest from UK unit trusts and banks. Costs of raising funds comprise investment manager fees and these have increased slightly, from £19,878 in 2024 to £20,911. Grants payable have increased from £114,000 in 2024 to £142,000 this year, which was a conscious decision, combined with a large one off donation. Other costs have increased by £378, to £11,902 (2024 – £11,524). The net result is net income before gains and losses on investments of £15,235 (2024 – £50,337).
There have been net losses on investments this year of £145,903 (2024 – net gains of £44,192), a significant decrease primarily attributable to the global market uncertainties. 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 negative movement in funds of £130,668 (2024 – positive movement of £94,529).
Investments under management total £4,599,092 (2024 - £4,611,597), a minimal decrease.
## **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 26 June 2025
## **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 2025, which are set out in Statements 1 and 2, Statement 3 which comprises pages 1 to 5 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: 3 September 2025
**STATEMENT 1**
## **DUMBRECK CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025**
|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 (losses)/gains on investments (Note 3)**
4
On Listed investments
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2025
184,858
5,190
190,048
20,911
142,000
10,425
1,380
97
174,813
15,235
(145,903)
(130,668)
4,852,508
£4,721,840|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|
|---|---|---|
**STATEMENT 2**
## **DUMBRECK CHARITY**
|**BALANCE SHEET - 5 APRIL 2025**
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**|
128,128
128,128
(5,380)||2025
4,599,092
4,599,092
122,748
£4,721,840
4,721,840
£4,721,840|||2024
4,611,597
4,611,597
240,911
£4,852,508
4,852,508
£4,852,508|
|---|---|---|---|---|---|---|
||||||
246,421
246,421
(5,510)||
||||||||
||||||||
Approved by the trustees on 26 June 2025
**STATEMENT 3 PAGE 1**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2025**
## **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
Leamington Spa Macular Society Support Group
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 Regeneration 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
3,000
1,000
1,000
1,000
1,000
1,000|7,000
3,000
6,000
7,000
4,000
27,000|
|---|---|---|
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 2**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2025 (CONTINUED)**
_Forward_
27,000
## **SPECIAL DONATIONS**
## **ANIMAL WELFARE/CONSERVATION**
|The Barn Owl Trust|500||
|---|---|---|
|Birmingham Dogs Home|1,000||
|Central Cat Rescue|500||
|The Donkey Sanctuary|500||
|The Farm Animal Rescue Sanctuary|500||
|Greatwood – Horse Power Programme|500||
|Hillfields Animal Sanctuary|500||
|Mare and Foal Sanctuary|500||
|Prickles Hedgehog Rescue|500||
|Ravens Rescue UK|500||
|Warwickshire Hedgehog Rescue|500||
|||6,000|
## **CHILDREN’S WELFARE**
|1STSolihull Scout Group
126thBirmingham Scout Group
Bentley Beginnings
Birmingham Boys and Girls Union (BBGU)
Beyond the Horizon
Clowns in the Sky
Crackerjacks Children’s Trust
Funky Kids
The Honeypot Children’s Charity
InUnity
Kids Like Us
Kids on Track
Make Them Smile
National Police Community Trust
Sunny Days Children's Fund
Tiny Tim’s Children’s Centre
Young Minds Matter
Zoe’s Place
|1,000
500
1,000
1,000
1,000
500
500
500
500
1,000
500
1,000
1,000
500
1.000
500
1,000
500
13,500|
|---|---|
## **CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED**
|The Albrighton Trust
Birmingham PHAB camps
Blesma
Blind in Business
Blind Veterans UK
Carrs Lane Counselling Centre
Chris Westwood Charity
Coventry Wheelchair Basketball Academy
Dog Assistance in Disability
_Forward_|500
1,000
1,000
1,000
1,000
500
500
1,000
500
_7,000_||
|---|---|---|
|||46,500|
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 3**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2025 (CONTINUED)**
|_Forward_
_7,000_
**CARE OF THE ELDERLY AND PHYSICALLY/MENTALLY HANDICAPPED (CONTINUED)**
Garage Art Group
1,000
Independence at Home
500
Invictus Trust
2,000
Limbless Association
500
Listening Books
500
The Living Paintings Trust
500
Mobility Trust
500
The Myriad Centre
500
Nuneaton & North Warwickshire Equestrian Centre
500
Omega
500
Perkisound
1,000
The Poppy Factory
1,000
The Recovery Foundation
1,000
Sportability
500
Square Peg Activities
500
Support Dogs
1,000
Walsall Society for the Blind
1,000
The Wheelyboat Trust
500
Wildgoose Rural Training
500
The Willow Trust
500
**MEDICAL**
Acorns
1,000
Arrive Alive
1,000
Crohn’s and Colitis Relief
500
Great Western Air Ambulance Charity
2,000
Home from Hospital Care
1,000
Interact Stroke Support
1,000
Katharine House Hospice
1,000
Mary Stevens Hospice
1,000
Midlands Air Ambulance Charity
2,000
Motor Neurone Disease Association (MNDA)
1,000
Muscular Dystrophy Support Centre
500
Music Therapy Works
1,000
National Kidney Federation
1,000
NICE
1,000
Parkinsons UK (for Research)
1,000
Sensory People
500
Shine a Light Support Service
500
Sightsavers
1,000
The Smile Train UK
1,000
St John Ambulance
500
St Richard’s Hospice
1,000
Warwickshire & Northamptonshire Air Ambulance (The Air Ambulance Service) 1,000
Yeleni Therapy and Support
1,000
_Forward_|46,500
21,500
22,500
90,500|
|---|---|
**DUMBRECK CHARITY**
**STATEMENT 3 PAGE 4**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2025 (CONTINUED)**
## _Forward_
90,500
## **SOCIAL WELFARE**
|Abandofbrothers
Acacia Family Support
All Saints Action Network
Birmingham City Mission
Birmingham Community Trust
The Gap
Good Soil Trust
Hasbury Community Church
Home Start Birmingham Tameside
Home Start Walsall
The House on the Corner Community Project
Kairos Women Working Together
Pershore & District Volunteer Centre
Samaritans Birmingham
Spitfire Services
St Anne’s Hostel
St Basil’s
St Gabriel's Centre
Thrive
Voluntary Action Stratford-upon-Avon (VASA)|1,000
500
1,000
1,000
500
500
500
1,000
1,000
1,000
500
500
1,000
1,000
500
1,000
1,000
500
1,000
1,000
16,000|
|---|---|
## **CULTURE AND THE ARTS**
|All Saints with Holy Trinity
Armonico Consort
Birmingham Royal Ballet
B:Music
City of Birmingham Choir
Elmhurst Ballet School
Museum of Royal Worcester
Orchestra of the Swan
Over Wallop PCC (St Peter's Church)
Three Choirs Festival
Worcester Cathedral
**MISCELLANEOUS**
Addington Fund
The Armed Forces Equine Charity
B4B (Beds 4 Badger - via Judith)
Biodynamic Association
British Forces Foundation
Cavell Nurses Trust
Chase Africa
Coventry Rugby Community Foundation Ltd
DEC Middle East Humanitarian Appeal
_Forward_|1,000
1,000
1,000
500
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
1,000
10,000
_20,000_|10,500|
|---|---|---|
|||117,000|
**STATEMENT 3 PAGE 5**
## **DUMBRECK CHARITY**
## **GRANTS PAYABLE FOR THE YEAR ENDED 5 APRIL 2025 (CONTINUED)**
|_Forward_
_20,000_
**MISCELLANEOUS (CONTINUED)**
Elayos
500
Frank Water
1,000
Phoenix Counselling Service
500
Sandroyd School Trust Limited
1,000
Sport 4 Life UK
500
Walsall Bereavement Support Service
500
West Mercia Search & Rescue
500
Wythall Community Association
500|117,000
25,000
£142,000|
|---|---|
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 2025**
## **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 2025 (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
**FIXED ASSET INVESTMENTS**
Market value at 5 April 2024
Purchases
Proceeds
(Loss)/gain
Market value at 5 April 2025
**Cash balances**
**Total under management at 5 April 2025**
Cost of listed investments at 5 April 2025
Investments at market value comprised:
UK equities, including unit trusts & OEICS
UK fixed interest securities including unit trusts
Market value at 5 April 2024||
|---|---|
## **3 FIXED ASSET INVESTMENTS**
All investment assets are held in the UK. There are no investments in individual entities held at 5 April 2025 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 2025 (CONTINUED)**
## **4 BANK ACCOUNTS**
|Balances held at 5 April 2025 were as follows:
Lloyds
EFG Harris Allday account|2025
2024
118,427
239,061
9,701
7,360
£128,128
£246,421|
|---|---|
## **5 CREDITORS: Amounts falling due within one year**
|PS Accounting
Prime Accountants and Business Advisors Limited|2025
4,000
1,380
£5,380|2024
4,250
1,260
£5,510|
|---|---|---|
## **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:
B4B (Mrs JE Melling) - £1,000