Trustees’ Annual Report for the period
From: 05/04/2020 Period start date To: 04/04/2021
Period end date
Charity name: The Moshulu Charitable Trust
Charity registration number: 1071479
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity exists to provide help and resources for those engaged in evangelical or humanitarian work. It is administered by the trustees. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
To provide grants to individuals and organisations for general charitable purposes at the discretion of the trustees. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | We confirm that we are aware of the public benefit guidance, that we would take it into account if making a decision to which the guidance is relevant and if should decide to depart from the guidance, that we would have had a good reason for doing so. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other | The trustees consider making modest grants where funds are available and when needs have been identified Funds are held in interest bearing bank accounts for flexibility and security. |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity continued to provide help and resources for those engaged in evangelical or humanitarian work. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | A surplus of £17,507 was achieved as at 4 April 2021. |
| Statement explaining the policy for holding reserves statingwhy they areheld |
Para 1.22 | The trustees review the level of resources required on a continual basis. |
| Amount of reserves held | Para 1.22 | Cash funds amount to £83,350 as at 4 April 2021. |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed dated 31 March 1995. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | All trustees are appointed by the existing trustees as a body. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | The Moshulu Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1071479 |
| Charity’s principal address | Devonshire Road, Heathpark, Honiton, Devon, EX14 1SD |
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(if any) |
|---|---|---|---|---|
| Mr H J Fulls | Trustee Resolution | |||
| Mr D M Fulls | Trustee Resolution | |||
| Mr N Fulls | Trustee Resolution | |||
| Mr S M Fulls | Trustee Resolution | |||
| Mr G F Symons | Trustee Resolution | |||
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| **adviser ** |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
The Moshulu Charitable Trust 1071479 Receipts and payments accounts CC16a For the period 05/04/2020 04/04/2021 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 91,408 - - - - - - - 91,408 - - - 91,408 73,501 400 - - - - - - - 73,901 - - - 73,901 17,507 - 65,843 83,350 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 91,408 - - - - - - - 91,408 - - - 91,408 73,501 400 - - - - - - - 73,901 - - - 73,901 17,507 |
Total funds to the nearest £ 91,408 - - - - - - - 91,408 - - - 91,408 73,501 400 - - - - - - - 73,901 - - - 73,901 17,507 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations received | 91,408 | 43,696 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
91,408 | 43,696 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 43,696 | ||||||
| Charitable activities | 73,501 | 38,195 | ||||
| Governance costs | 400 | 400 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 73,901 | 38,595 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 38,595 | ||||||
| 17,507 | - | - | 17,507 | 5,101 | ||
| - | - | - | - | - | ||
| 65,843 | - | - | 65,843 | 60,742 | ||
| 83,350 | - | - | 83,350 | 65,843 |
CCXX R1 accounts (SS)
16/08/2021
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Cash at bank and in hand Details Details Details Signature Neal Fulls |
Unrestricted funds Restricted funds to nearest £ to nearest £ 83,350 - - - - - 83,350 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name N Fulls |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Neal Fulls | N Fulls | 12/08/2021 | |
CCXX R2 accounts (SS)
16/08/2021
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Moshulu Charitable Trust members of
On accounts for the year 4 April 2021 ended
Charity no 1071479 (if any)
Set out on pages 1 to 2
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 04 / 04 / 2021 .
Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:
-
the accounting records were not kept in accordance with section 130 of the Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Date: Name: Jonathan Westley Relevant professional FCA qualification(s) or body Chartered Accountant (if any): Partner in Thompson Jenner LLP Address: 1 Colleton Crescent Exeter, Devon EX2 4DG
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here details of any items that the examiner wishes to disclose .
October 2018
2
IER