Company number: 3182660
Registered charity number: 1058609
Registered: 3 April 1996 in England and Wales
Registered Office: 10-11 St James
Court
Friar Gate
Derby
DE1
1BT
Directors: B
D Waters – Chairman
M Benten
I Coope
R M Faithorn
G L Knight
Councillor J M
Sanders
M A Shuttleworth
Joint Secretaries: C
A Hallam F.C.I.S.
S
F Marshall
Treasurer: J.
R. Marjoram
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
Website: www.nationalheritagecorridor.org.uk
REPORT OF THE DIRECTORS
YEAR ENDED 31ST MARCH 2006
Directors’ report
The directors present their annual report
and the unaudited financial statements for the period ended 31st March 2006.
Objects
The objects of the Trust are, among other things,
to identify, preserve and enhance for the public benefit the area
comprised in the Derwent Valley in Derbyshire and abutment area and
whatever natural, historical, cultural, geological, architectural and
constructional heritage may exist in the area of benefit.
Principal activities
The Trust has continued to develop the Derwent Valley
Heritage Way by means of promotion and supporting
interpretation. The Way is
described on the Trust’s web site and in a guide book published by
Jarrold.
The Directors appreciate:
·
the original financial support for the Way from EMDA, Environment
Agency, Lafarge Cement UK and WREN
·
financial support in kind by the county, local and parish councils
within the area of the Trust
·
the substantial contribution in kind by Robinsons Solicitors for
legal advice, company secretarial and ongoing services
·
the ongoing services of Edward Hallam in relation to the Trust’s
web site www.nationalheritagecorridor.org.uk.
The Trust’s
achievements since April 2005 to March 2006 are:
¨
repairs and surface reinforcement to a section of path at
Rowsley. The Trust is grateful to
Lafarge Cement and Furness Brothers for the donation of material and to
the Peak District National Park Authority for managing the 100 volunteers
who worked on site
¨
support for the provision of interpretation panels at Darley Abbey
and Little Chester, due to be unveiled this summer
¨
the sale of 38 badges recognizing the achievement of walking the
complete route. The Trust is
grateful to Mark Warner for recording the achievements and selling the
badges
¨
support for the continuing development of further interpretation
along the Derwent Valley Heritage Way
¨
ongoing support to the Derwent Valley Mills World Heritage Site
and the Derwent Valley Rural Transport Partnership. Improved public transport links and
timetables have been developed by the Partnership along with publicity
for the area. It is unfortunate
that the Partnership faces an uncertain financial future
¨
some initial work on developing a cycleway along the valley. This has been delayed pending a
decision by the local authorities on their priorities for a
cycleway.
The Trust’s targets
for 2006/2007 are:
§
work with Amber Valley District Council to publish a new map of
the Derwent Valley to be circulated to tourist offices and
attractions
§
improvement works along the route of the Derwent Valley
Heritage Way
§
continue to interpret the Derwent Valley along the Heritage Way
§
continue support to the World Heritage Site and the Rural
Transport Partnership
§
continue to investigate the possibility of a cycle and bridle way
along the Derwent Valley
Directors
The following
were both directors and charity trustees of the Company during the year:
B D Waters
M Benten
I Coope
R M Faithorn
G L Knight
Councillor J M
Sanders
M A
Shuttleworth
B D Waters I
Coope
Signed
B D Waters - Chairman I
Coope - Director
STATEMENT OF
DIRECTORS’ RESPONSIBILITIES
Law applicable to incorporated charities
in England and Wales requires the directors of the charity 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 then 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.
ACCOUNTANTS’
REPORT
ON THE
UNAUDITED ACCOUNTS OF
DERWENT VALLEY
TRUST
As described
on page 7, you have approved the accounts for the year ended 31 March 2006 set out on pages 6 to 8.
In accordance with your instructions we have compiled these
unaudited accounts from the accounting records and information and
explanations supplied to us.
Smith Cooper
SMITH COOPER
Chartered Accountants
Derby
22 September 2006
STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2006
2006 2006 2005
(General)
Incoming Resources
Donations and grants - - - 932
Deposit interest 584 - 584 407
Certificates etc. 190 - 190 80
___ ____ _____ _____
Total Incoming Resources 774 - 774 1,419
Resources Expended
Website cost 234 - 234 257
Insurance 210 - 210 325
Heritage Way Project - 500 500 -
Administration 35 - 35 65
____ ___ ____ ____
Total Resources Expended 479 500 979 647
Net incoming/(outgoing) resources
for the year 295 (500) (205) 772
Fund balances
brought forward 5,269 9,282 14,551 13,779
_____ _____ _____ ______
Fund Balances Carried
Forward £5,564 £8,782 £14,346 £14,551
____ ____ _____ _____
DERWENT VALLEY
TRUST
FINANCIAL
STATEMENTS
YEAR ENDED 31ST MARCH 2006
BALANCE SHEET
2006 2005
CURRENT ASSETS
Balances at Bank
Deposit accounts 14,262 14,294
Current account 84 257
______ ______
14,346 14,551
CURRENT LIABILITIES
Creditors ( 0 ) ( 0 )
NET CURRENT ASSETS 14,346 14,551
_____ _____
NET ASSETS £14,346 £14,551
_____ _____
REPRESENTED BY:
Unrestricted funds 5,564 5,269
Restricted funds (Note 3) 8,782 9,282
_____ _____
£14,346 £14,551
_____ _____
The directors are satisfied that the company was
entitled to exemption under subsection (1) of section 249A of the
Companies Act 1985 and that members have not required an audit in
accordance with subsection (2) of section 249B.
The directors acknowledge their
responsibilities for:-
§
ensuring that the company keeps accounting records which comply
with section 221; 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 year and of its
income and expenditure for the financial year in accordance with the
requirements of section 226, and which otherwise comply with the
requirements of this Act relating to accounts, so far as applicable to
the company.
These accounts are prepared in accordance
with the special provisions of Part VII of the Companies Act 1985
relating to small entities.
These accounts were approved by the board
of directors on : 21 September 2006
and were signed on its behalf by:
B D Waters
B. D. Waters
Director
DERWENT VALLEY TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31ST
MARCH 2006
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 under
the historical cost convention and in accordance with the Statement of Recommended
Practice, “Accounting and Reporting by Charities” published in 2005 and
applicable accounting standards.
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. Donations received for the general purposes of
the Charity are included as unrestricted funds. Donations for activities
restricted by the wishes of the donor are taken to “restricted funds”
where these wishes are legally binding on the Charity Trustees.
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:
Balance
at Additions to Resources Balance at
1
April 2005 Restricted Funds Expended 31 March 2006
Restricted fund 9,282 - (500) 8,782
_____ _____ _____ _____
Total 9,282 - (500) 8,782
_____ _____ _____ _____