**Trustees’ Annual Report for the period from 1[st] April 2023 to 31[st] March 2024** ## **Charity name: BUXTON FOR YOUTH** ## **Charity registration number: 1076385** ## **Objectives and Activities** |Summary of the
purposes of the charity
as set out in its
governing document|**To advance in life and to help young people by the provision**
**of grants to support:**
**i. recreational and leisure time activities provided in the**
**interest of social welfare and designed to improve their**
**conditions of life;**
**ii. activities which develop their skills, capacities and**
**capabilities to enable them to participate in society as**
**mature and responsible individuals**
**[As updated and registered with the Charity Commission on**
**24 October 2019.]**| |---|---| |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.|**This was the first full year, following the sale of the Market**
**Street premises, when the charity was able to concentrate**
**solely on its new role of providing grants for young people.**
**The trustees held four face-to-face meetings at three-monthly**
**intervals in the course of the year to monitor the charity’s**
**financial strategy, to consider grant applications (see**
**Achievements and Performance below) and to keep the**
**charity’s performance against its objectives under review.**
**Close contact was maintained with the trustees of the Ethel**
**James Trust, whose grants significantly contributed to our**
**original purchase of the premises. They remain committed to**
**providing supplementary funding for any worthwhile young**
**people’s project for which Buxton for Youth alone may be**
**unable to offer a sufficient grant.**
**The trustees are particularly anxious to maximise returns on**
**investment and savings. The performance of our investments**
**is monitored at every meeting and reviewed at least annually**
**with our financial adviser. We also opened a second, interest**
**earning, 95 Day Liquidity NatWest Business Savings Account**
**and transferred 50% of our cash savings into it, leaving the**
**remaining cash in our Business Current Account to fund**
**foreseeable grants.**
**Our modest turnover now means that our accounts no longer**
**require an independent examination.**| page 1 of 5 BfY TAR 2024 |Summary of main
activities contd/..|**The trustees have monitored the rate of grant applications and**
**rewards over the first full year of the scheme and have**
**identified possible modifications, if needed, to increase take**
**up.**
**Our Data Protection registration with the Information**
**Commissioner’s Office has been renewed.**| |---|---| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|**Public benefit is always at the forefront of the trustees’ minds:**
**the entire focus of the charity is on making provision for the**
**public benefit. This is achieved through providing funds to**
**support projects designed to benefit local young people, by**
**listening to young people and reviewing our grant criteria as**
**necessary.**| |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---| |Policy on grant making|**Three documents – Small Grant Making Policy and**
**Procedures; Notes for Applicants; and an Application Form –**
**are all available to the public.**| |Policy on social
investment|**n/a**| |Contribution made by
volunteers|**The trustees and officers of the charity are volunteers. No**
**other use is made of volunteers.**| ## **Achievements and Performance** |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.|**Our grants are designed to benefit the wider community,**
**specifically young people.**
**Over the past year, the charity managed four successful**
**applications for a grant. The charity donated £1900 to enable a**
**young person with additional needs to take part in a group**
**Work Experience placement in Germany; £600 towards a**
**Scouts Winter Adventure in Switzerland; and £125 towards a**
**Christmas party for local refugee children A grant of £1020**
**towards a Youth Robotics Project is pending.**
**A highlight for the trustees was to invite the scouts who**
**attended the Korean Jamboree in 2023 to tea in a local tea**
**room. The scouts gave an impressive illustrated account of**
**their experiences, fully justifying our generous grant to them.**
**So far the trustees have maintained the agreed policy of**
**awarding grants to groups of young people, rather than to**
**individual young people but this is kept under review.**| |---|---| ## **Additional information** You may choose to include further statements where relevant about: Achievements against objectives set **See comments above about keeping the appropriacy of our grant criteria under review.** Investment performance against **A little disappointing so far as a result of the** objectives **wider financial climate but starting to improve.** page 2 of 5 BfY TAR 2024 ## **Financial Review** |**Financial Review**|| |---|---| |Review of the charity’s
financial position at the end
of the period|**The charity now carries virtually no expenses. An initial**
**investment of £220,000 was valued at £229,872 at the**
**end of the financial year. £25,961 remained available in**
**our two cash accounts.**| |Statement explaining the
policy for holding reserves
stating why they are held|**All the charity’s funds are reserved for grants so the**
**charity can operate as long as it has funds.**
**The charity does not require a reserve.**| |Amount of reserves held|**£0**| |Reasons for holding zero
reserves|**The only financial risk would be a highly improbable**
**global financial catastrophe.**| |Details of fund materially in
deficit|**Nil**| |Explanation of any
uncertainties about the
charity continuing as a
going concern|**n/a**| ## **Additional information** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds
(including any fundraising)|**All being well, our investments will generate interest.**
**Some income may derive from, mostly gift aided,**
**donations. If / when need be, we are able to apply for**
**funds for specific projects from other local charities.**| |---|---| |Investment policy and
objectives including any
social investment policy
adopted|**Having taken advice from a financial adviser, the**
**trustees have invested £220,000, in two managed funds:**
**one medium risk (£110k) and one low risk (£110k). The**
**purpose of these investments will be to build the capital**
**of the charity and over time to fund our Small Grants**
**programme.**| |A description of the
principal risks facing the
charity|**The only risk facing the charity, apart from fraud or**
**mismanagement, will be a serious fall in returns on our**
**investments and a consequent drain on our capital.**| ## **Structure, Governance and Management** |Description of charity’s
trusts:|**n/a**| |---|---| |Type of governing document|
**CIO Constitution**| |How is the charity
constituted?|**Registered as a Charitable Incorporated Organisation**
**wef 25 March 2021.**| |Trustee selection methods
including details of any
constitutional provisions|**The trustees / directors of Buxton for Youth aim to**
**maintain a Board with at least six members, who,**
**between them, have experience / expertise relating to**
**the objects of the charity or to the financial and legal**
**requirements of the project.**| page 3 of 5 BfY TAR 2024 **Given the local nature of the charity, trustees use their personal knowledge, but also consult with other community members, to identify individuals who may share the objectives and values of the charity and who have a relevant professional or community background. Trustees are also happy to be approached by others who believe that they may be suited to serve as trustees.** ## **Additional information (optional)** |You may choose to include further statements where relevant about:|You may choose to include further statements where relevant about:| |---|---| |Policies and procedures
adopted for the induction
and training of trustees|**Individuals deemed by the Board to be suitable**
**potential trustees are fully briefed on all aspects of the**
**charity’s affairs and provided with all recent relevant**
**documentation by the Chair. They are then invited to**
**attend at least one meeting with the full Board before**
**deciding if they wish to be formally nominated.**| |The charity’s organisational
structure.|**The charity consists solely of its Board of Trustees:**
**Chair; Secretary and Treasurer are elected annually.**| |Relationship with any related
parties|**n/a**| |Other|**n/a**| ## **Reference and Administrative details** |Charity name|**Buxton for Youth**| |---|---| |Other names the charity uses|**B4Y and BfY**| |Registered charity number|**1076385**| |Charity’s principal address|**34 White Knowle Road**
**Buxton**
**Derbyshire**
**SK17 9NH**| **Names of the charity trustees who manage the charity** ||**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**|**Names of the charity trustees who manage the charity**| |---|---|---|---|---|---|---|---| ||||**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person**
**(or body) entitled**
**to appoint trustee**
**(if any)**|| |||1|**David Brindley**|**Chair**|||| |||2|**Anthony Mellor**|**Secretary**|||| |||3|**Margaret Jackson**|**Treasurer**|||| |||4|**Anthony Huxford**||||| |||5|**Elaine McDonald**||||| |||6|**Christopher Smith**||||| page 4 of 5 BfY TAR 2024 ## **Funds held as custodian trustees on behalf of others** |Description of the assets held in this capacity|**n/a**| |---|---| |Name and objects of the charity on whose behalf the assets
are held and how these falls within the custodian charity’s
objects|**n/a**| |Details of arrangements for safe custody and segregation of
such assets from the charity’s own assets|**n/a**| ## **Declarations** **The trustees declare that they have approved the Trustees’ Report above.** **Signed on behalf of the charity’s trustees.** |**Signature**
~~ee~~
~~a~~|~~ee~~| |---|---| |**Full name**
~~ee~~
~~a~~|**David Brindley**
~~ee~~| |**Position**
~~aa~~
~~a~~|**Chair**| |**Date**
~~a~~
~~a~~|**12 September 2024**| page 5 of 5 BfY TAR 2024 |||||**Charity Name**|**Charity Name**|||||**No (if any)**|**No (if any)**||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||**Buxton for Youth**||||||**1076385**|||| |||01/04/2023
31/03/2024
**Receipts and payments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee~~
~~ee~~
~~ee~~|||||||||||**CC16a**| ||**Section A Receipts and payments**||||||||||||| |||||**Unrestricted**
**funds**|||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**| |||||**to the nearest £**|**to the nearest £**|**to the nearest £**|**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**| ||**A1 Receipts**||||||||||||| ||Donations|||**-**|**-**||**-**||**-**||**-**||**400**| ||Interest on Nat West 95 da|Interest on Nat West 95 dayAccount||**46**|**46**||**-**||**-**||**46**||**13**| ||Interest on United Trust Bank Account|||**78**|**78**||**-**||**-**||**78**||**-**| ||Gift Aid - IR|||**-**|**-**||**-**||**-**||**-**||**37**| ||||||||**-**||**-**||**-**||| ||||||||**-**||**-**||**-**||| ||||||||**-**||**-**||**-**||| ||||||||**-**||**-**||**-**||| ||**_Sub total_**_(Gross income for_
_AR)_||_(Gross income for_
_AR)_|**124**|**124**||**-**||**-**||**124**||**450**| |**A2 Asset and investment sales,**
**(see table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**124**
**-**
**-**
**124**
**450**
~~—————~~|||||||||||||| ||**A3 Payments**||||||||||||| ||Postage/Stationery/Advertising|||**4**|**4**||**-**||**-**||**4**||**57**| ||Licences/Data|||**35**|**35**||**-**||**-**||**35**||**35**| ||Donation - Roverway|||**600**|**600**||**-**||**-**||**600**||**-**| ||Donation - Zink|||**1,900**|||**-**||**-**||**1,900**||**-**| ||Donation - Young people Xmas Party|||**125**|**125**||**-**||**-**||**125**||**-**| ||Presentation afternoon|||**57**|**57**||**-**||**-**||**57**||| ||Donation - Korean Jamboree||||||**-**||**-**||**-**||**2,000**| ||||||||**-**||**-**||**-**||| ||||||||||||**-**||| ||||||||**-**||**-**||**-**||| |**_Sub total_ **|**2,721**
**-**
**-**
**2,721**
**2,092**|| |---|---|---| |**A4 Asset and investment**
**purchases, (see table)**
Prudential
**-**
**-**
**-**
**220,000**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**220,000**
**_Total payments_**
**2,721**
**-**
**-**
**2,721**
**222,092**
~~—————~~||| |**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|**- 2,597**
**-**
**- - 2,597**
**- 221,642**
**-**
**- -**
**-**
**-**
**28,558**
**- -**
**28,558**
**250,200**
**25,961**
**-**
**- 25,961**
**28,558**
~~===>~~|**- 221,642**
**-**
**250,200**
**28,558**| CCXX R1 accounts (SS) 14/09/2024 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**| |---|---| ||**Unrestricted**
**Restricted**
**Endowment**| |**Categories**|**funds**
**funds**
**funds**
**Details**| ||**to nearest £**
**to nearest £**
**to nearest £**| |**B1 Cash funds**|**10,948**
**-**
**15,000**
**-**
**13**
**-**
**25,961**
**-**
**-**
Nat West Busines/95 day Account
United Trust Bank Account
Petty cash account
**_Total cash funds_**
(agree balances with receipts and payments
~~FE~~| ||OK
OK
OK
account(s))| ||**Unrestricted**
**Restricted**
**Endowment**| ||**funds**
**funds**
**funds**| ||**to nearest £**
**to nearest £**
**to nearest £**
**Details**| |**B2 Other monetary assets**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
~~=====~~| |**B3 Investment assets**|**Fund to which**
**asset belongs**
**Cost (optional)**
**Current value**
**(optional)**
**-**
**226,096**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
Prudential
~~===~~| |**B4 Assets retained for the**
**charity’s own use**|**Fund to which**
**asset belongs**
**Cost (optional)**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
~~=—===~~| ||**Fund to which**
**Amount due**
**When due**| |Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**|**liability relates**
**(optional)**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Date of
approval
**12-Sep-24**
**12-Sep-24**
Print Name
**David Brindley**
**Margaret Jackson**
Signature
**Details**
~~====~~
~~oo~~| |CCXX R2 accounts (SS)|2
14/09/2024| CCXX R2 accounts (SS)