THEO TRUST – ANNUAL REPORT
Registration Number – 1069814 Address: Deepdale Cottage, Deepdale, Penrith, Cumbria CA11 0NS
Trustees:
James Wallis Archer - Chairman Richard Charter Theobald Jonathan Charles Soar Vivien Mary Soar Alan Michael Lamplough Passmore
Structure:
The Theo Trust is governed by a Deed dated 29[th] July 1997. This Deed has been the subject of a Variation dated 20[th] April 1998 and a second Variation dated November 22[nd] 2022.
The Theo Trust is run on a day to day basis by the Trustees. Mr James Archer chairs regular Trustee Meetings. Reports are given by the Trustees and financial accounts presented at each meeting.
The existing Trustees recruit new trustees through personal contact.
Activities & Objectives:
The Theo Trust offers relief to children and members of the public in the UK and abroad, particularly in the cases of financial need hardship or distress by virtue of their social or economic circumstances, their youth or age, poverty, injury or illness.
The Theo trust furthers education, including social and physical training, of these children and members of the public.
Achievements & Performance:
For this year the Theo Trust are assisting vulnerable children in the UK to gain funded places in boarding schools and providing ancillary support and recreation for their families. This year we are also assisting children in India who come from poor backgrounds by providing quality education in India. A major achievement this year for the Theo Trust has been the overall support provided for Ukraine refugee families who have come to Derbyshire. This includes arranging rented accommodation, much administration support and arranging English language tuition.
Financial Review:
The Theo Trust financial accounts cover the year to July 31[st] 2022.
The total income this year is £26,783.85, very significantly higher than last year when the total was £4,096.02. This increase of £22,667.83 is driven by additional levels of public donations much of this following the Ukraine refugee crisis.
Expenditure this year amounts to £15,102.15, up by £10,883.10 compared to last year and includes support for Ukraine children and their families.
The surplus income over expenditure amounts to £11,661.70. This is included in the closing bank balance, £32,803.80, up by £11,122.48 compared to last year.
The Theo Trust total assets are £33,343.02 and include a loan of £539.22 to a family we have been assisting. This is repayable over the next 12 months.
The total assets are represented in the general fund which has no spending restrictions.
James Archer – Chairman
Jonathan Soar - Treasurer November 2022
Theo Trust
Registered Charity 1069814
Accounts as at July 31st 2022
Income and Expenditure Account
| Donations | 2022 £'pp 25,665.35 |
2021 £'pp 2,579.52 |
|---|---|---|
| Other income | 695.70 | 602.70 |
| Gift Aid Repayment | 402.80 | 913.80 |
| Total Income | 26,763.85 | 4,096.02 |
| Education and Ukraine Support | -13,678.32 | -2,154.50 |
| Relief of Poverty | -1,312.00 | -2,033.99 |
| Bank Fees | -111.83 | -30.56 |
| Total Expenditure | -15,102.15 | -4,219.05 |
| Surplus / (Excess) | 11,661.70 | -123.03 |
| Balance Sheet | ||
| Assets | 2022 | 2021 |
| Bank Account | £'pp | £'pp |
| Opening Balance | 21,681.32 | 11,099.40 |
| Transfer from The Foremarke Trust | 10,704.95 | |
| Loan less repayments | -539.22 | |
| Excess Income over Expenditure | 11,661.70 | -123.03 |
| Closing Balance | 32,803.80 | 21,681.32 |
| Loan | 539.22 | 0 |
| Total Assets | 33,343.02 | 21,681.32 |
| Represented by Expendable Funds | ||
| General Fund - Unrestricted | 33,343.02 | 21,681.32 |
| Total | 33,343.02 | 21,681.32 |
Mr James Archer - Chairman
Mr Jonathan Soar - Treasurer
JCS 07-09-22
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