ANNUAL REPORT THE HEYDOWN TRUST Charity No: 1003793 at 31st MARCH 2021
Legal and Administrative Details
Registered Address
Hele Cottage, Hele Cross, Ashburton, Newton Abbot, Devon TQ13 7QX Tel: 01364 65948 email address: SwallowBarn@outlook.com
Trustees
Mrs Jill Davies Mrs Liz Williams (General Secretary) Mr David Davies (Treasurer resigned October 2020) Mr Toby Sharp (Chairman) Mrs Nicky Sharp (Minute Secretary) Mrs Chloe Axford Dr Nicholas Axford (Treasurer) Mr Owen Williams
Independent Examiner: Mrs Sharon Riggs Solicitor : None
Bankers: Britannia Building Society, Newton Abbot, Devon
Stockbroker: Brewin Dolphin, Ashleigh Court, Ashleigh Way, Langage Business Park, Plymouth PL7 5JX
Trustees'Annual Report
The Trustees present their report together with the financial statements of the Charity for the year ended 31st March 2021.
The legal and administrative information set out above forms part of this report. The financial statements comply with the current statutory requirements and the Statement of Recommended Practice-Accounting and Reporting by Charities(SORP2005)
Structure, Governance and Management
The Charity was established by Trust Deed dated 15th June 1991.
The assets of the Charity are vested in the trustees.
The Charity has no employees and is administered by its unpaid officers.
Appointment of Trustees
Trustees are appointed by invitation and are formally elected at the Annual General Meeting.
Trustee induction and training
Newly appointed trustees are given a full introduction to the background and work of the trust and are provided with all the necessary documents.
Risk Management
The Trustees identify and review from time to time the risks to which the Charity is materially exposed and the action to be taken to mitigate them .
Presently they are seen as:
Misappropriation of funds by beneficiaries or third party organisations
Objectives, Activities and Public Benefit
The Trustees meet twice a year on average to consider requests from registered charities and individuals based in the south west peninsula, or benefiting an individual or organisation within this same area, whose objectives match those of its charity classification i.e., education and training, medical, health and sickness, disability, relief of poverty, overseas aid and famine relief and Christian activities. We prefer applications to be submitted by email to Liz Williams in January and February or July and August.
Achievements and Performance
For the twelve months ending 31st March 2021, the Trustees made 10 donations totalling £10275 (13 donations totalling £13,300 in 2020)
Public benefit statement
The Trustees have ensured that they have acted within the established purpose of the Charity in the distribution of its income and capital in pursuance of its objectives.
Financial review
Income from its investments = £14,820.55 (£13,355.00 in 2020)
With the addition of the gain on the sale of investments and interest £15,817.91 (£3225.00 Plus £94.09 Exchange fee in 2020), total income was £30,891.88 (£16,679.06 in 2020). The excess of expenditure over income was therefore £15,916.57 (loss of £718 in 2020) .
Funds held custodian trustee on behalf of others
None
Investment Powers and Policy
The investment powers are to invest in the name of the Charity such part of the funds as is felt appropriate and to expend the proceeds of any sale of the investments or dividend / interest earned in the furtherance of the objectives of the charity.
The Charity policy is to manage its investments in a manner that aims to provide a high and growing income, with advice from its stockbroker, while at the same time protecting the capital from the corrosive effect of inflation.
Reserves policy
The broad aim of the Charity is to carry and invest unrestricted reserves adequate to meet its ongoing commitments to its beneficiary organisations and individuals.
Plans for the Future
The Trustees intend to maintain a policy of distributing about £15,000 per annum from capital or income to charitable causes at their discretion, whether these be registered charities or individuals.
Signed Toby Sharp Chairman
Liz Williams
General Secretary
Date: 15th January 2022
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Marth 2021 BRewiN DOLPHIN_ Stockbrok•r CAPITAL Opening Management Purchases Salp5 Balance £4.204.69 ExhanBe U( BritanDia 41.750.C 1.750.CK) -£1.750.00 1.750. 41.750. Transfer (JosinB from Incorf* A< BanCeS £638.63 £10.356.22 £619.24 £816.47 £48Z88 £37&71 4857.86 .£966.22 -£983.93 -£1.042.30 43.9¢7.31 -£2,921.14 42.979.63 2.995.39 43.937.61 49.295.08 -£6,519 25 4,024.87 45.767.30 9,258.53 47.865.66 -£5.726.68 £4.912.74 £1.062.98 2.943.94 £3.$49.24 £3.97Q. £2.975 32 £3505.73 £4,985.15 6.7).26 .672.42 £5.272.63 £2.936 30 t1..18 £3,961.94 £8,688.05 £4.985.23 £2,983.50 £4.896.62 f 1,992.01 £5,C2.% £4.204.69 -£3,850.31 -£65.238.45 f81.056.36 orfrerence betweell pur(hasesa sale5= prDfftlbWEains (SulUs ILossll £81,057.36- £65.238.45- £15,817.91 £o.rMJ 18.750. £2.933.93 £10,356.22