Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 April 2022 To 31 March 2023
Section A Reference and administration details
Charity name YMCA Central and Anglia Trust Fund Other names charity is known by Registered charity number (if any) 1021110 Charity's principal address 22 Lansdown Close Banbury Oxfordshire Postcode OX16 9LH
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| James David Jenkinson | Chair | |||
| Peter Frederick Posner | ||||
| Oliver Charles | ||||
| Paul Bryan Kerridge | ||||
| Eric Stanley Moore | ||||
| Richard Pennington | ||||
| Wendy Williamson | ||||
| Names of the trustees for the charity, if any, (for example, any custodian trustees) | ||||
| Name | Dates acted if not for whole year | |||
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Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Independent Chartered Accountant |
Cound & Co LLP | 1 Princes Court Royal Way Loughborough Leics LE11 5XR |
| Independent Financial Advisors |
Angell Mallinder Ltd | 6 High Street, Barrow-upon-Soar, Leicestershire, LE12 8PY |
Name of chief executive or names of senior staff members (Optional information)
N/A
Section B Structure, governance and management
Description of the charity’s trusts
Trust Deed Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Appointment by member YMCAs Trustee selection methods
(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
All Trustees are appointed from within the wider YMCA Movement in Central England and East Anglia.
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
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Section C Objectives and activities
The Trustees of the YMCA Central and Anglia Trust Fund consider applications to the Fund for grants for charitable work carried out by Summary of the objects of the individuals connected to any local YMCA in the Central Region of YMCAs charity set out in its or the Regional Committee of the Central Region of YMCAs, which governing document includes YMCAs in East Anglia.
The fund provides assistance to young people connected with a YMCA in the YMCA Central and Anglia regions, and usually under the age of 30, Summary of the main to enable them to take part in one or more of the following activities that activities undertaken for the they otherwise would not be able to afford: public benefit in relation to these objects (include within • Training in skills or knowledge directly related to their academic or this section the statutory life-skills needs, including governance, leadership, adventure declaration that trustees have training or camp experiences • had regard to the guidance In furtherance of a Christian spiritual experience issued by the Charity • An international experience Commission on public benefit) These activities are expected to help develop the young person in body, mind and spirit so that they can make a more positive contribution to their own development and their local communities.
-
Training in skills or knowledge directly related to their academic or life-skills needs, including governance, leadership, adventure training or camp experiences
-
• In furtherance of a Christian spiritual experience
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
- policy on grantmaking;
These grants will usually cover up to a maximum of 90% of the cost of the activity, with the balance to be raised either by the individual and/or their supporting YMCA.
-
policy programme related investment;
-
contribution made by volunteers.
Section D Achievements and performance
Summary of the main achievements of the charity during the year
The charity aims to grant up to approximately £13,000 per year in grant bursaries, usually in amounts of up to £1,000 per bursary. This has been increasingly difficult as many member YMCAs consider the administration needed for a grant of up to £1,000 unnecessarily burdensome. As a consequence of obtaining this feedback through consultation with the member YMCAs the trustees have created a significant project to support all YMCAs within the area of benefit, and to create a template for the wider YMCA Movement in England & Wales to adopt. This will recruit and train young people to become active participants as trustees on the Boards of their YMCAs. There are currently 3% out of 151 trustees who are under 30 years old in the sample area and the trustees expect that their project will make a significant impact on this demographic. In the year ended 31/3/2023 the trustees have defined the project and begun the process of contracting One YMCA to act as the delivery partner although this detail will appear in next year’s report.
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Section E Financial review
Brief statement of the
charity’s policy on reserves
The charity keeps sufficient cash funds to cover 12 months’ outgoings. Funds in excess of this are invested in relatively low risk, near liquid investments under the guidance of an IFA.
Details of any funds materially in deficit
None
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
-
investment policy and objectives including any ethical investment policy adopted.
The principle source of funds is donations from YMCAs in the region.
The Charity has very little overheads, usually only fees to our professional advisers. Minor refreshment expenses are paid to cover its bi-annual meetings. Trustees are able to claim travelling expenses but generally decline to do so.
The bursaries are paid from accrued income from investments.
Apart from a working cash balance held in a bank, the balance of the Charity’s funds are invested in low risk medium term investments, as advised by an IFA as being suitable for a Charity.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Jim Jenkinson Full name(s) James David Jenkinson Position (eg Secretary, Chair, Chair etc)
Date 31st October 2023
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YMCA CENTRAL AND ANGLIA TRUST FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
Charity Registered Number: 1021110
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
- 1 -
TRUSTEES
| Eric Stanley Moore | Retired |
|---|---|
| 2 Orchard Way | |
| Great Barr | |
| Birmingham | |
| B43 6PN | |
| Peter Frederick Posner | Retired |
| 38 Hall Farm Road | |
| Duffield | |
| Belper | |
| Derby | |
| DE56 4FS | |
| James David Jenkinson | Teacher |
| The Mitre | |
| Repton School | |
| Mitre Drive | |
| Repton | |
| DE65 6FJ | |
| Wendy Williamson | Teacher |
| 16 Birchwood Road | |
| Lichfield | |
| Staffordshire | |
| WS14 9UW | |
| Paul Kerridge | Company Director |
| Walnut Tree Farm | |
| Bell Lane | |
| Barton Mills | |
| Bury St Edmunds | |
| Suffolk | |
| IP28 6AJ | |
| Oliver Charles | Solicitor |
| 534 Uppingham Road | |
| Leicester | |
| LE5 2GG | |
| Richard William Pennington | Retired |
| 2 Saxon Way | |
| Dersingham | |
| Kings Lynn | |
| PE31 6LY |
- 2 -
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
YMCA CENTRAL AND ANGLIA TRUST FUND
I report on the accounts of the Trust for the year ended 31 March 2023 which are set out on pages 3 to 5.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to our attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention;
-
1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charites Act
have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 27 October 2023
- 3 -
YMCA CENTRAL AND ANGLIA TRUST FUND
RECEIPTS & PAYMENTS ACCOUNT - FOR THE YEAR ENDED 31 MARCH 2023
| RECEIPTS Regional Contributions Bank Interest Investments Income Investment withdrawal Bank Compensation Total Receipts PAYMENTS Direct Charitable Expenditure Ukraine Donation Investments Income Reinvested Grants Management & Administration Costs Accountancy Fees Bank Charges Contributions to Salaries Consultancy Fees Meeting Cost Postage Staff Survey Training Fund transfer |
2023 Regional General Collaboration Total Fund Fund 857 - 857 67 67 - 1785 1785 - 46260 46260 - - - - _ 48969 48112 857 _ - - - 1785 1785 - 36047 1890 34157 564 564 - 82 82 - - - - 4600 - 4600 - - - - - - - - - - - - - (48 ) 48 _ _ 43078 4273 38805 __ |
2022 Regional General Collaboration Total Fund Fund 66394 - 66394 56 56 - 2747 2747 - - - - 400 400 - _ _ 69597 3203 66394 __ 10000 - 10000 2747 2747 - - - - 564 564 - 76 76 - 3000 - 3000 13000 - 13000 111 111 - 54 54 - 7800 - 7800 4785 - 4785 _ _ 42137 3552 38585 __ |
2022 Regional General Collaboration Total Fund Fund 66394 - 66394 56 56 - 2747 2747 - - - - 400 400 - _ _ 69597 3203 66394 __ 10000 - 10000 2747 2747 - - - - 564 564 - 76 76 - 3000 - 3000 13000 - 13000 111 111 - 54 54 - 7800 - 7800 4785 - 4785 _ _ 42137 3552 38585 __ |
|---|---|---|---|
| 10000 - - - - 3000 13000 - - 7800 4785 _ 38585 ___ |
- 4 -
YMCA CENTRAL AND ANGLIA TRUST FUND
RECONCILIATION OF DESIGNATED FUNDS - FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| NET RECEIPTS/(PAYMENTS | 5891 | 43839 | (37948 ) | 27460 | (349 ) |
27809 |
| OPENING BANK BALANCES | 41369 | 3421 | 37948 | 13909 | 3770 | 10139 |
| _____ | _____ | ______ | ______ | ____ | _____ | |
| CLOSING BANK BALANCES | £47260 | £47260 | - | £41369 | £3421 | £37948 |
| _____ | _____ | ______ | ______ | ____ | _____ | |
| Regional | Regional | |||||
| General | Collaboration | General | Collaboration | |||
| Total | Fund | Fund | Total | Fund | Fund | |
| As at 1 April 2022 | 219307 | 181359 | 37948 | 196221 | 186082 | 10139 |
| Movement in Receipts & Payments Account | 5891 | 43839 | (37948 ) | 27460 | (349) | 27809 |
| Increase/Decrease in the Value of Investments | (63321) | (63321 ) | - |
(7109) | (7109) | - |
| Investment Income Reinvested | 1785 | 1785 | - | 2747 | 2747 | - |
| Movement in Accruals | - | - | - | (12) | (12) | - |
| ______ | ______ | ______ | ______ | ______ | _____ | |
| As At 31 March 2023 | £163662 ______ |
£163662 ______ |
- ______ |
£219307 ______ |
£181359 ______ |
£37948 _____ |
The Trustees administered the Regional Collaboration Fund on behalf of the Central Region as part of its development and support of YMCA activities in the region.
- 5 -
YMCA CENTRAL AND ANGLIA TRUST FUND
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023
| INVESTMENTS At Bid Price; SMP High Income Fund (Cost £) Novia General Investment Account (Cost £111777) CURRENT ASSETS Bank Balances CURRENT LIABILITIES Accruals and Accountancy NET CURRENT ASSETS NET ASSETS Represented by: FUND BALANCES General Fund Regional Collaboration Fund |
2023 47260 _ 576 __ |
- 116978 __ 116978 46684 _ 163662 163662 - 163662 ___ |
2022 41369 _ 576 __ |
47954 130560 __ 178514 40793 _ 219307 ___ |
|---|---|---|---|---|
| 181359 37948 __ 219307 ____ |
YMCA CENTRAL AND ANGLIA TRUST FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
Charity Registered Number: 1021110
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
- 1 -
TRUSTEES
| Eric Stanley Moore | Retired |
|---|---|
| 2 Orchard Way | |
| Great Barr | |
| Birmingham | |
| B43 6PN | |
| Peter Frederick Posner | Retired |
| 38 Hall Farm Road | |
| Duffield | |
| Belper | |
| Derby | |
| DE56 4FS | |
| James David Jenkinson | Teacher |
| The Mitre | |
| Repton School | |
| Mitre Drive | |
| Repton | |
| DE65 6FJ | |
| Wendy Williamson | Teacher |
| 16 Birchwood Road | |
| Lichfield | |
| Staffordshire | |
| WS14 9UW | |
| Paul Kerridge | Company Director |
| Walnut Tree Farm | |
| Bell Lane | |
| Barton Mills | |
| Bury St Edmunds | |
| Suffolk | |
| IP28 6AJ | |
| Oliver Charles | Solicitor |
| 534 Uppingham Road | |
| Leicester | |
| LE5 2GG | |
| Richard William Pennington | Retired |
| 2 Saxon Way | |
| Dersingham | |
| Kings Lynn | |
| PE31 6LY |
- 2 -
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
YMCA CENTRAL AND ANGLIA TRUST FUND
I report on the accounts of the Trust for the year ended 31 March 2023 which are set out on pages 3 to 5.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to our attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention;
-
1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charites Act
have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 27 October 2023
- 3 -
YMCA CENTRAL AND ANGLIA TRUST FUND
RECEIPTS & PAYMENTS ACCOUNT - FOR THE YEAR ENDED 31 MARCH 2023
| RECEIPTS Regional Contributions Bank Interest Investments Income Investment withdrawal Bank Compensation Total Receipts PAYMENTS Direct Charitable Expenditure Ukraine Donation Investments Income Reinvested Grants Management & Administration Costs Accountancy Fees Bank Charges Contributions to Salaries Consultancy Fees Meeting Cost Postage Staff Survey Training Fund transfer |
2023 Regional General Collaboration Total Fund Fund 857 - 857 67 67 - 1785 1785 - 46260 46260 - - - - _ 48969 48112 857 _ - - - 1785 1785 - 36047 1890 34157 564 564 - 82 82 - - - - 4600 - 4600 - - - - - - - - - - - - - (48 ) 48 _ _ 43078 4273 38805 __ |
2022 Regional General Collaboration Total Fund Fund 66394 - 66394 56 56 - 2747 2747 - - - - 400 400 - _ _ 69597 3203 66394 __ 10000 - 10000 2747 2747 - - - - 564 564 - 76 76 - 3000 - 3000 13000 - 13000 111 111 - 54 54 - 7800 - 7800 4785 - 4785 _ _ 42137 3552 38585 __ |
2022 Regional General Collaboration Total Fund Fund 66394 - 66394 56 56 - 2747 2747 - - - - 400 400 - _ _ 69597 3203 66394 __ 10000 - 10000 2747 2747 - - - - 564 564 - 76 76 - 3000 - 3000 13000 - 13000 111 111 - 54 54 - 7800 - 7800 4785 - 4785 _ _ 42137 3552 38585 __ |
|---|---|---|---|
| 10000 - - - - 3000 13000 - - 7800 4785 _ 38585 ___ |
- 4 -
YMCA CENTRAL AND ANGLIA TRUST FUND
RECONCILIATION OF DESIGNATED FUNDS - FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| NET RECEIPTS/(PAYMENTS | 5891 | 43839 | (37948 ) | 27460 | (349 ) |
27809 |
| OPENING BANK BALANCES | 41369 | 3421 | 37948 | 13909 | 3770 | 10139 |
| _____ | _____ | ______ | ______ | ____ | _____ | |
| CLOSING BANK BALANCES | £47260 | £47260 | - | £41369 | £3421 | £37948 |
| _____ | _____ | ______ | ______ | ____ | _____ | |
| Regional | Regional | |||||
| General | Collaboration | General | Collaboration | |||
| Total | Fund | Fund | Total | Fund | Fund | |
| As at 1 April 2022 | 219307 | 181359 | 37948 | 196221 | 186082 | 10139 |
| Movement in Receipts & Payments Account | 5891 | 43839 | (37948 ) | 27460 | (349) | 27809 |
| Increase/Decrease in the Value of Investments | (63321) | (63321 ) | - |
(7109) | (7109) | - |
| Investment Income Reinvested | 1785 | 1785 | - | 2747 | 2747 | - |
| Movement in Accruals | - | - | - | (12) | (12) | - |
| ______ | ______ | ______ | ______ | ______ | _____ | |
| As At 31 March 2023 | £163662 ______ |
£163662 ______ |
- ______ |
£219307 ______ |
£181359 ______ |
£37948 _____ |
The Trustees administered the Regional Collaboration Fund on behalf of the Central Region as part of its development and support of YMCA activities in the region.
- 5 -
YMCA CENTRAL AND ANGLIA TRUST FUND
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023
| INVESTMENTS At Bid Price; SMP High Income Fund (Cost £) Novia General Investment Account (Cost £111777) CURRENT ASSETS Bank Balances CURRENT LIABILITIES Accruals and Accountancy NET CURRENT ASSETS NET ASSETS Represented by: FUND BALANCES General Fund Regional Collaboration Fund |
2023 47260 _ 576 __ |
- 116978 __ 116978 46684 _ 163662 163662 - 163662 ___ |
2022 41369 _ 576 __ |
47954 130560 __ 178514 40793 _ 219307 ___ |
|---|---|---|---|---|
| 181359 37948 __ 219307 ____ |