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The Annual Report
DERWENT VALLEY TRUST
LIMITED BY GUARANTEE
Registered
No 3182660
Registered
Charity No: 1058609
- year
ended –
31st
MARCH 2001
Company
number: 3182660
Registered
charity number: 1058609
Registered: 3 April
1996 in England and Wales
Registered
Office: 83
Friar Gate
Derby
DE1
1FL
Directors: B D
Waters - Chairman
I Coope
R M Faithorn
G
L Knight
L
M Rose (resigned 12 June 2000)
M A Shuttleworth
I A Thomas (resigned 6 September 2000)
A Uprichard (appointed 6 September 2000)
G A Ward (appointed 6 June 2001)
Joint Secretaries: S F Marshall
C
A Hallam F.C.I.S.
Treasurer: C Asker
Bankers: National
Westminster Bank plc, Derby
Solicitors
and Company Secretariat: Robinsons,
Derby
Accountants: Smith Cooper,
Derby
Members: G L
Knight
S
F Marshall
The liability of the members is limited to £1
- 1 -
DERWENT
VALLEY TRUST
REPORT
OF THE DIRECTORS
YEAR
ENDED 31ST MARCH 2001
Directors report
The directors present their annual report and
the unaudited financial statements for the period ended 31 March 2001
Principal activities
During the year the principal project, the
development of the Derwent Valley Heritage Way, was severely delayed by the
foot and mouth crisis. Only recently
has the Trust been able to proceed with its plans to recruit a Project
Manager.
The directors appreciate :
the support of Amber Valley
Borough Council in providing the services of its Tourism Officer, Reg
Whitworth, as the Trust’s Project Officer on an ad hoc basis
the substantial
contribution made in kind by Robinsons Solicitors for legal advice, company
secretariat, and ongoing services.
the services of Edward
Hallam in the design of the Trust’s web site
the works carried out
by Derbyshire County Council at the Rigga Lane Bridge, Duffield (part of
the Heritage Way)
the opening of the
Thornhill Trail by Peak National Park Authority (part of the Derwent Valley
Heritage Way)
The Trust’s achievements since August 2000 to
2001 are:
§
A Heritage Way funding contribution by Blue Circle Industries plc
§
Approval by WREN for a landfill tax contribution to initiate the
Heritage Way development
§
the launch of the Trust’s web
site under nationalheritagecorridor.co.uk
§
the provision of a leaflet “Walking Opportunities in the Derwent
Valley”;
§
publication of leaflets co-ordinating tourist publications for The National Heritage Corridor®
produced with the assistance of the Environment Agency, Derbyshire Dales
District Council, Derby City Council, Amber Valley Borough Council, and
Bolsolver District Council;
§
using the collective trade mark The
National Heritage Corridor® to promote the Trust’s identity;
§
inclusion of The National
Heritage Corridor® in the official guides of Derby City Council and
Amber Valley Borough Council
§
collaborating with the organisers of an exhibition of photography in
Derby under The National Heritage
Corridor® brand to be held Autumn 2000
§
artist Ashley Bryant has held an exhibition “Riverside Journey” a
portrait of the Derwent in The
National Heritage Corridor® at Derby Museum and Art Gallery at The
Strand, Derby
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DERWENT
VALLEY TRUST
REPORT
OF THE DIRECTORS - CONTINUED
YEAR
ENDED 31ST MARCH 2001
§
erecting 4 interpretative lecterns bearing the Trust’s logo in the
Parish of Dethick, Lea and Holloway, courtesy of the Womens Institute and the
Lottery Fund; and erecting a lectern at Belper River Gardens courtesy of
Belper Historical Society and the Lottery Fund;
§
lecterns are, with the consent of the Duke of Devonshire, to be
erected at each end of Chatsworth Park;
§
another 10 lecterns are to be erected
within The National Heritage
Corridor®;
The Trust’s targets for 2001/2002 are:
§
to promulgate combined train and bus timetables;
§
the opening of The Derwent Valley Heritage Way Ô by Autumn 2002;
§
working with local parties concerning the World Heritage Site bid in
Derbyshire.
Directors
The following were both directors and charity
trustees of the Company during the year:
B D Waters
I Coope
R M Faithorn
G L Knight
I A Thomas (resigned 6 September 2000)
M A Shuttleworth
L M Rose (resigned 12 June 2000)
A Uprichard (appointed 6 September 2000)
Signed B
Waters - Chairman I
Coope - Director
DERWENT
VALLEY TRUST
REPORT
OF THE DIRECTORS - CONTINUED
YEAR
ENDED 31ST MARCH 2001
STATEMENT OF DIRECTORS’ RESPONSIBILTIES
Law applicable to incorporated charities in
England and Wales requires the directors of the company, to prepare
accounts for each financial year which give a true and fair view of the
state of affairs of the charity at the end of the period and of its
financial activities during the period then ended. In preparing those accounts, the
directors are required to:
¨ select suitable accounting policies and the apply
them consistently;
¨ make judgments and estimates that are reasonable
and prudent;
¨ prepare the accounts on the going concern basis
unless it is inappropriate to presume that the charity will continue in
operation.
The directors are responsible for keeping proper
accounting records which disclose with reasonable accuracy at any time the
financial position of the charity and which enable them to ensure that the
accounts comply with the Companies Act 1985. They have general responsibility for
taking such steps as are reasonably open to them to safeguard the assets of
the charity and to prevent and detect fraud and other irregularities.
DERWENT VALLEY TRUST
ACCOUNTANTS’
REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF
DERWENT
VALLEY TRUST
We report on the accounts for the year ended 31st March 2001
set out on pages 6 to 8.
Respective
responsibilities of directors and reporting accountants
As
described on page 4, the company’s directors are responsible for the
preparation of the accounts, and they consider that the company is exempt
from an audit. It is our
responsibility to carry out procedures designed to enable us to report the
opinion set out below.
Basis of
opinion
Our work was conducted
in accordance with the Statement of Standards for Reporting Accountants,
and so our procedures consisted of comparing the accounts with the
accounting records kept by the company, and making such limited enquiries
of the officers of the company as we considered necessary for the purposes
of this report. These procedures
provide only the assurance expressed in our opinion.
Opinion
In
our opinion:
(a) the
accounts are in agreement with the accounting records kept by the company
under
section
221 of the Companies Act 1985;
(b) having regard only to, and on the basis
of, the information contained in those
accounting records:
(i) the
accounts have been drawn up in a manner consistent with the accounting
requirements specified in section 249C(6) of the Act; and
(ii) the company satisfied the conditions specified in section
249(A)4 of that Act for exemption from an audit of the accounts for the
year specified and did not, at any time within that year, fall within any
of the categories of companies not entitled to the exemption specified in
section 249B(1).
SMITH
COOPER
DERBY: 1st August 2001 Chartered
Accountants
DERWENT VALLEY
TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2001
STATEMENT OF FINANCIAL
ACTIVITIES
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Income &
Expenditure
Incoming Resources
Donations and
grants
Deposit interest
Total Incoming Resources
Direct Charitable
Expenditure
Trademark
registration
Website registration
Leaflet distribution
Printing
Insurance
Other Expenditure
Other expenses
Professional fees
Total
Expenditure
Net
income/(expenditure) for the year
Fund balances
brought forward
Fund Balances
Carried Forward
|
Unrestricted
Funds
2001
-
377
----
377
-
58
693
-
726
---
1,477
-
492
----
1,969
(1,592)
8,553
----
6,961
====
|
Restricted
Funds 2001
(General)
1,500
----
1,500
-
-
-
-
-
---
-
-
-
----
-
1,500
7,000
----
8,500
====
|
Restricted
Funds 2001
(Landfill Tax)
5,556
65
----
5,621
-
-
-
-
-
---
-
111
-
----
111
5,510
-
----
5,510
====
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Total
Funds 2001
7056
442
----
7,498
-
58
693
-
726
---
1,477
111
492
----
2,080
5,418
15,553
----
20,971
====
|
Total
Funds
2000
10,150
333
----
10,483
106
-
-
6,121
655
---
6,882
411
7,709
----
15,002
(4,519)
20,072
----
15,553
====
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DERWENT VALLEY TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH
2001
BALANCE SHEET
|
CURRENT
ASSETS
Debtors - Grants
Balances at Bank
Deposit accounts
Current account
CURRENT LIABILITIES
Creditors
NET CURRENT
ASSETS
NET ASSETS
REPRESENTED
BY:
Unrestricted
Restricted (Note 3)
|
1,500
18,996
887
21,383
(412)
|
2001
20,971
______
£20,971
======
6,961
14,010
______
£20,971
======
|
-
6,113
9,852
15,965
(412)
|
2000
15,553
______
15,553
======
8,553
7,000
______
£15,553
======
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The company was entitled to exemption under section
294A(2) of the Companies Act 1985 from the requirement to have its accounts
for the financial year ended 31 March 2001 audited though subject to a
report by a reporting accountant. No
notice has been deposited under section 249B(2) of that Act requiring an
audit in relation to the company’s accounts for that financial period.
The directors acknowledge their responsibilities
for:
¨ ensuring that the company keeps accounting records
which comply with section 221 of the Companies Act 1985; and
¨ preparing accounts which give a true and fair view
of the state of affairs of the company as at the end of the financial
period in accordance with the requirements of section 226 of that Act, and
which otherwise comply with the requirements of that Act relating to
accounts, so far as applicable to the company.
These accounts were approved by the board of
directors on 6th June 2001 and were signed on its behalf by:
B
D Waters
Director
DERWENT
VALLEY TRUST
FINANCIAL
STATEMENTS
YEAR
ENDED 31ST
MARCH 2001
NOTES
TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
The
following accounting policies have been applied consistently in dealing
with items which are considered material in relation to the company’s
accounts.
Basis of
Preparation
The accounts have been prepared in accordance with
applicable accounting standards, and
under
the historical cost accounting rules.
Income & Expenditure
Income and expenditure are recognised on an accruals basis other
than donations which are
recognised
when they are received.
Cashflow Statement
The
company is exempt from the requirement of Financial Reporting Standard No 1
to prepare
a cashflow statement on the
grounds of its size.
Reserves
The charity maintains the level of reserves required to fulfil its
objectives. The board of trustees
monitors
reserves at regular board meetings.
2. DIRECTORS’ EXPENSES
No members of the
board of directors nor any person connected with them has received or is due
to receive any remuneration or expenses for the period directly or
indirectly from the Charity’s funds.
3. RESTRICTED
FUNDS
The funds of the charity include
restricted funds comprising the following balance of donations held:
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Restricted Fund
Landfill Tax-
Restricted Fund
Total
|
Balance
at
1 April 2000
7,000
-
-----
7,000
=====
|
Additions
to
Restricted Funds
1,500
5,621
-----
7,121
=====
|
Resources
Expended
-
(111)
-----
(111)
=====
|
Balance
at
31 March 2001
8,500
5,510
-----
14,010
=====
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