JUST TRUST: Annual Report for the period from 01/04/2020 to 31/03/2021
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STRUCTURE, CONTACT DETAILS:
Just Trust (Registered Charity no 1079684) is an unincorporated association constituted by Trust Deed dated 4th February 2000. The correspondence address is 5 Westgrove Buildings, Riverside, Sowerby Bridge, West Yorkshire, HX6 2ED. The charity has a website: www.just-trust.org.uk; all communications should go through that. Visits or telephone enquiries are not welcome as the Trust does not have its own premises or telephone line.
INCOME AND ENDOWMENTS, OVERVIEW:
The Charity does not fundraise and therefore there were no costs of generating funds. The founder trustee, Graham Prescott, made expendable endowment donations in the year totalling £26,400, with Gift Aid tax refunds adding a further £6,600. There were no incoming restricted grants. We continued to use a Reliance Bank current account, but made a formal complaint about their confusing letters over proposed charges. We closed our Reliance savings account because of low interest rates. 496541 We continue to have an interest bearing instant access account with the Charity Bank.
GOVERNANCE - TRUSTEES AND MEETINGS:
Because of the coronavirus pandemic, we switched our planned in person meetings to online ones conducted by Zoom. The agendas and minutes of these two meetings cover organisational matters and decisions. Delegated responsibility procedures are in place for ongoing grant-making and for other matters that need to be dealt with between formal Trustee meetings. Increasingly communication between trustees is carried out through eMail and Dropbox.
Trustees are appointed by existing trustees for a renewable period of five years. The trust deed calls for a minimum of 3 trustees and a maximum of 8; new trustees are selected and appointed by the existing trustees after a period of induction. We had five trustees throughout the year and the trust is not currently actively looking for further trustees. Were it to do so potential trustees would be directed towards relevant Charity Commission information and given access to the trust’s documentation and records such as past agendas/minutes, annual reports/accounts and the trust deed; subsequently they might be invited to attend trustee meetings initially as an observer. Matthew Howell’s first term of trusteeship ran until 2[nd] June 2020 but he offered to stand for a further term of 5 years; this was accepted, so his next term now runs until 3[rd] April 2025. Matt Miles’s first term runs until 24[th] February 2022. Graham Prescott’s term runs until 15[th] July 2022. Teresa Paskiewicz’s term runs until 4[th] May 2023. Penny Robson’s term runs until 4[th ] February 2025. All trustees have signed a Trustee eligibility and responsibility declaration.
PUBLIC BENEFIT:
The charity has had regard to the guidance published by the Charity Commission in respect of public benefit. As a grant-maker, all our charitable activities are for the benefit of others. In broad terms Just Trust seeks to achieve its objectives by making grants to other charitable institutions that use the funds for work for identifiable benefit to sections of the public. We consider that beneficiaries are not unreasonably restricted; we consider it a reasonable restriction that most grants are aimed at beneficiaries of overseas countries from those sections of society disadvantaged economically or socially and whose need can be seen as greatest.
INVESTMENTS / RESERVES / RISKS:
The Trust has adopted an updated Investment / Reserves policy at the April 2020 meeting. In accordance with that agreed investment policy, funds which will be utilised over the next few years are being held as cash in bank accounts. We have struggled to get a decent return on these funds. At present we continue to have some funds held in ethically screened equity based investments, but it is possible that these may be disposed of for grant-making. Trustees reviewed our financial procedures at our April meeting and considered them to be satisfactory. The situation in relation to the coronavirus pandemic that emerged towards the end of the previous year has posed considerable challenges to the operation of the charity. Nevertheless trustees do not consider that the charity is exposed to any significant risks in that it does not have premises, employ staff, or otherwise enter into any funding or other commitments other than what can be financed from existing readily available assets.
JUST TRUST: Annual Report for the period from 01/04/2020 to 31/03/2021
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GRANT- MAKING - Criteria:
Our Trust Deed and charitable registration allows for funding any charitable objects in any part of the world. However in practice Just Trust concentrates on funding charitable work overseas that tries to address the difficulties of some of the most disadvantaged sections of society in some of the least advantaged parts of the world. There is also concern for victims of some of the world’s troublespots and the promotion of peace. Just Trust has continued to award some grants for strategic work, often to UK based organisations, aimed at bringing about changes that should in the long term help create a more just, equitable and sustainable world and thereby improve the lot of poor people in disadvantaged overseas countries. Examples of the sort of projects we fund, together with our funding guidelines, are available on our website: www.just-trust.org.uk. We do not accept unsolicited grant applications. UK charities (or overseas charities with a UK partner charity) whose work fits our funding criteria have been invited to bring their activities to our attention by submitting details through a Google form accessible from our website. Sadly very few of these online approaches have been deemed suitable; indeed many have not met the stipulated criteria. We also clearly state that we do not accept approaches by post yet continue to be sent applications in this way, many of which lie completely outside our funding guidelines.
GRANT- MAKING - Associated organisations:
A number of grants were made to the Network for Social Change Charitable Trust (NFSCCT), charity no: 295237. An annual subscription is paid to Network. At his own expense trustee Graham Prescott attends the conferences of Network. NFSCCT is a member of the Association of Charitable Foundations (ACF) and Network members have access to the extensive guidance and training in good grant-making practice provided by ACF. Graham has also had involvement with a funding group similar to Network called The Funding Network (TFN), charity no: 1088315. We have made grants to charities that have put forward projects through these organisations for work that broadly fits our funding guidelines. Network and TFN are also useful for finding out about other potentially suitable beneficiary charities. Through NFSCCT, Graham has also attended meetings of the Environmental Funders Network, an association of funders of environmental issues. Quaker contacts are another useful source of projects.
GRANTS AWARDED:
This year the charity made 44 grants, all to other UK charities, ranging from £300 to £4,000 and totalling £54,000; all these are detailed in the accounts. This is a decrease from last year’s total of £60,700. The largest grants were 3 of £4,000; one to a UK charity that makes grants to small scale projects working with the various factions in Israel and Palestine; another to the UK charity NFSCCT for various initiatives promoting peace; and another to a UK charity that funds education in Myanmar. 6 grants of between £600 and £1,000 were to the UK charity Global Giving for various overseas projects.
Personal visits to meet UK charities that we either funded in the past or are considering funding have sometimes revealed aspects not obvious from an online or paper application and in several cases we have decided against funding as a result of these visits. However because of coronavirus we were unable to conduct any of these visits. Nevertheless in determining what grants to award we did try to assess how the charities had responded to the challenges posed by coronavirus.
Some years back we had made a number of significant grants to an Indian charity, Gramodhaya Social Services Society, for a revolving loan scheme. We engaged a trustee of another UK charity to inspect this scheme and we received her favourable report at our April 2019 meeting. However more recently and despite the earlier considerable success of the scheme, Gramodhaya are now experiencing significant difficulties in collecting in outstanding loans; a situation which may, given the circumstances of the coronavirus pandemic, deteriorate further. Further monitoring visits have not been possible. We submitted a Serious Incident report to the Charity Commission on this matter.
INSPECTION OF ACCOUNTS:
Mr Anthony Stoll continues to act, without charge, as Independent Examiner of the financial records of the charity, for which trustees express their gratitude.
JUST TRUST: Annual Accounts for the period from 01/04/2020 to 31/03/2021
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| EXPENDABLE UNRESRICTED RESTRICTED ENDOWMENT INC FUNDS INC FUNDS INCOME& ENDOWMENTS Founder endowment donations: £26,400.00 TaxRefund on founder donations: £6,600.00 Bank Interest: £173.60 Gain on disposed investment: Transfer to Income: -£54,279.58 £54,279.58 |
EXPENDABLE UNRESRICTED RESTRICTED ENDOWMENT INC FUNDS INC FUNDS INCOME& ENDOWMENTS Founder endowment donations: £26,400.00 TaxRefund on founder donations: £6,600.00 Bank Interest: £173.60 Gain on disposed investment: Transfer to Income: -£54,279.58 £54,279.58 |
THIS YEAR PRIOR YEAR TOTAL FUNDS TOTAL FUNDS £26,400.00 £26,000.00 see Note 1 £6,600.00 £6,500.00 see Note 2 £173.60 £1,052.82 see Note 3 £33,173.60 £33,552.82 £54,000.00 £60,700.00 see separate list page 3 £511.37 £484.50 see Note 4 £54,511.37 £61,184.50 -£21,337.77 -£27,631.68 £10,837.62 -£46.83 -£10,500.15 -£27,678.51 £87,416.96 £115,095.47 £76,916.81 £87,416.96 |
|---|---|---|
| TOTAL INCOME: -£21,279.58 £54,453.18 £0.00 |
||
| EXPENDITURE Grants Awarded: £54,000.00 AdministrationCosts: £511.37 |
||
| TOTAL EXPENDITURE: £0.00 £54,511.37 £0.00 |
||
| Beforeinvestmentlosses/gains | ||
| NET INCOME/EXPENDITURE: -£21,279.58 -£58.19 £0.00 |
||
| Unrestricted Income carried forward: Unrealisedinvestmentloss/gain: |
||
| NET MOVEMENT IN FUNDS: -£21,279.58 -£58.19 |
||
| Reconciliation of Funds Prior Year End Funds: £87,358.77 £58.19 |
||
| FUNDS CARRIED FORWARD: £66,079.19 £0.00 £0.00 |
£76,916.81 |
Funds Carried Forward Represented by:
| Charity Bank: Reliance Bank: Investment Value at Year End: NOTES: 1. FOUNDER ENDOWMENT DONATIONS: G Prescott Expendable Endowment: 05/01/2021 G Prescott Expendable Endowment: 11/03/2021 2. GIFT AID TAX REFUNDS ON FOUNDER ENDOWMENTS: Refund on £12000: 12/01/2021 Refund on £14,400: 17/03/2021 |
£39,082.51 see Note 5 £393.13 see Note 6 £37,441.17 see Note 7 £76,916.81 £12,000.00 £14,400.00 £26,400.00 £3,000.00 £3,600.00 £6,600.00 |
|
|---|---|---|
| £76,916.81 | ||
The charity has no other assets or liabilities.
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NOTES: (cont)
3. BANK & BUILDING SOCIETY INTEREST:
| Reliance Bank instant access savings account: | Reliance Bank instant access savings account: | 30/06/2020 | £13.64 | ||||
|---|---|---|---|---|---|---|---|
| Reliance Bank instant access savings account: | 30/09/2020 | £5.00 | |||||
| Reliance Bank instant access savings account: | 31/12/2020 | £3.10 | |||||
| Reliance Bank instant access savings account: | 01/03/2021 | £0.09 | paid to current account after closure | ||||
| Reliance Bank total interest: | £21.83 | ||||||
| Charity Bank ethical instant access | account: | 30/06/2020 | £46.88 | ||||
| Charity Bank ethical instant access | (interest adjustment) | 01/07/2020 | £0.43 | ||||
| Charity Bank ethical instant access | account: | 30/09/2020 | £39.29 | ||||
| Charity Bank ethical instant access | account: | 31/12/2020 | £32.79 | ||||
| Charity Bank ethical instant access | account: | 31/03/2021 | £32.38 | ||||
| Charity bank total interest: | £151.77 | ||||||
| Total Bank and Building Society Interest: | £173.60 | ||||||
| 4. ADMINISTRATION ETC: | |||||||
| Network for Social Change subscription: | 14/04/2020 | £200.00 | direct transfer | ||||
| Admin: Stationery, laptop, web hosting, etc | 06/01/2021 | £311.37 | refunded to trustee G Prescott | ||||
| £511.37 | |||||||
| 5. ASSETS WITH CHARITY BANK | |||||||
| Charity Bank instant access account: | £39,082.51 | ||||||
| £39,082.51 | |||||||
| 6. ASSETS WITH RELIANCE BANK | |||||||
| Current account: | £393.13 | ||||||
| Instant access savings account: | £0.00 | ||||||
| £393.13 | |||||||
| Year% | Total% | ||||||
| Date | Initial | Value at | Value at | Year's | Loss/ | Loss/ | |
| 7. INVESTMENT ASSETS: | purchased | cost | 31/03/2021 | 31/03/2020 | Loss/Gain | Gain | Gain |
| LionTrust Sustainable Future: | 29/05/2001 | £9,000.00 | £37,441.17 | £26,603.55 | £10,837.62 | 40.74% | 316.01% |
JUST TRUST: Annual Accounts for the period from 01/04/2020 to 31/03/2021 - GRANTS
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| JUST TRUST: Annual Accounts for the period from 01/04/2020 to 31/03/2021 - GRANTS Page 3 |
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JUST TRUST: Annual Accounts for the period from 01/04/2020 to 31/03/2021 - GRANTS Page 3 |
JUST TRUST: Annual Accounts for the period from 01/04/2020 to 31/03/2021 - GRANTS Page 3 |
|---|---|---|---|---|---|---|
| CharityNo GRANT RECIPIENT / PURPOSE cleared |
||||||
| 1 | 1099682 | Prism: Phone Credit for Refugees | www.pc4r.org | 09/04/2020 | £2,000.00 | 1 |
| 2 | 1085469 | ZiSize -S.Africa -Agr,Water,Dev | zisize.org.uk | 09/04/2020 | £500.00 | 2 |
| 3 | 1136482 | Open Hands -Romania -Roma support | openhandscharity.org | 09/04/2020 | £600.00 | 3 |
| 4 | 1159781 | QuakerCongoPtns -MicroGrants,Trauma | quakercongo.org.uk | 09/04/2020 | £800.00 | 4 |
| 5 | 1013316 | IVD Trust -India -Orissa Mangroves | ivdtrust.org.uk | 09/04/2020 | £3,000.00 | 5 |
| 6 | 1109763 | ChildrenOfForest -Burma -Child Refugees | childrenoftheforest.org | 09/04/2020 | £3,000.00 | 6 |
| 7 | 1131559 | Scholarships For School Kids -Burma -Ed | www.s4sk.org.uk | 09/04/2020 | £4,000.00 | 7 |
| 8 | 1099682 | Action for Education -Greece -Refugees | www.actionforeducation.org | 20/04/2020 | £2,000.00 | 8 |
| 9 | 295237 | Phone Credit for Refugees -Greece, etc | www.pc4r.org | 21/05/2020 | £1,000.00 | 9 |
| 10 | 295237 | Mali Development Group- Street Kids | www.malidg.org.uk | 21/05/2020 | £300.00 | 10 |
| 11 | 295237 | Conservation agriculture -Uganda | www.foag.org/home | 21/05/2020 | £300.00 | 11 |
| 12 | 1087846 | Umeed -Pakistan -Covid Food Aid | umeedpartnership.org.uk | 27/05/2020 | £600.00 | 12 |
| 13 | 1170428 | Aegean SolidarityNetwork -Greece | www.asnteamuk.org | 18/06/2020 | £1,000.00 | 13 |
| 14 | 295237 | Niger Delta Mangrove Restoration | tropicalconservationcentre.org | 30/09/2020 | £300.00 | 14 |
| 15 | 295237 | Action for Ed: Refugee Support on Chios | www.actionforeducation.org | 30/09/2020 | £700.00 | 15 |
| 16 | 295237 | MiningImpacted Communities in Peru | www.terra-justa.org | 30/09/2020 | £500.00 | 16 |
| 17 | 295237 | Women's self-helpGroups -Bangladesh | traidcraftexchange.org | 30/09/2020 | £300.00 | 17 |
| 18 | 295237 | Kenyanprisoners' legal education | justice-defenders.org | 30/09/2020 | £500.00 | 18 |
| 19 | 1087846 | Umeed -Pakistan -Covid Food Aid FTF | umeedpartnership.org.uk | 26/11/2020 | £600.00 | 19 |
| 20 | 1076639 | KabafitaFund -Gambia -Ed,Agr,Dev | kabafitafund.org.uk | 27/01/2021 | £600.00 | 20 |
| 21 | 1173021 | CRIBBS refugee mothers in Greece FTF | www.cribsinternational.org | 27/01/2021 | £600.00 | 21 |
| 22 | 270462 | Tanzania Development Trust | www.tanzdevtrust.org | 27/01/2021 | £1,000.00 | 22 |
| 23 | 1083028 | FriendsOf HOPE -South India Tribals | www.friendsofhope.org.uk | 27/01/2021 | £800.00 | 23 |
| 24 | 1154085 | Exeter-Ethiopia Link -Development | www.exeterethiopialink.org | 27/01/2021 | £1,500.00 | 24 |
| 25 | 1122055 | Open Way-Ethiopia -Development | www.openway.org.uk | 27/01/2021 | £1,500.00 | 25 |
| 26 | 1174365 | Trio Uganda -Micro development | triouganda.co.uk | 27/01/2021 | £800.00 | 26 |
| 27 | 1139344 | Maranatha Care -S.Africa -Educ | www.maranathacarechildren.com | 27/01/2021 | £600.00 | 27 |
| 28 | 1097750 | Friends of Si-Kunda -Gambia-Dev | www.friendsofsikunda.org | 27/01/2021 | £800.00 | 28 |
| 29 | 1085199 | Development Nepal -Co-opSelf-helploans | www.developmentnepal.org | 27/01/2021 | £1,000.00 | 29 |
| 30 | 1126598 | FriendsHlekweni -Zimbabwe -Ed/Training | www.friendsofhlekweni.org.uk | 27/01/2021 | £1,000.00 | 30 |
| 31 | 1103211 | BSST Israel/Palestine -Micro Projects | www.bsst.org.uk | 27/01/2021 | £4,000.00 | 31 |
| 32 | SC043399 | Renew SCIO (PRWOP) -DRC -Support/Educ | www.prwop.org | 27/01/2021 | £800.00 | 32 |
| 33 | 1144970 | Sarah's Rural Library-Peru | www.sarahsrurallibraries.com | 27/01/2021 | £800.00 | 33 |
| 34 | 1011086 | BEARR -Central Asia -Projectgrants | www.bearr.org | 27/01/2021 | £4,000.00 | 34 |
| 35 | 1088139 | Mali Development Group | www.malidg.org.uk | 01/02/2021 | £2,000.00 | 35 |
| 36 | 1122823 | G.Giving46930 -Burundi -SexualHealth | http://fwaburundi.com/ | 02/02/2021 | £1,000.00 | 36 |
| 37 | 1122823 | G.Giving12269 -Bali -Sexual Health | http://www.yrsbali.org/ | 02/02/2021 | £1,000.00 | 37 |
| 38 | 1122823 | G.Giving14490 -Bali -Youth Gardening | http://www.thelearningfarm.com | 02/02/2021 | £800.00 | 38 |
| 39 | 1122823 | G.Giving4497 -Madagascar -Re-foresting | https://zahana.org/index.html | 02/02/2021 | £800.00 | 39 |
| 40 | 1122823 | G.Giving10473 -Palestine -RefugeeGardens | www.karama.org | 02/02/2021 | £1,000.00 | 40 |
| 41 | 1122823 | G.Giving56 -S.Africa -GardeningProject | http://abalimibezekhaya.org.za/ | 02/02/2021 | £600.00 | 41 |
| 42 | 1170428 | NSCCT -FTF AgeanSN -Refugee Teaching | www.asnteamuk.org | 22/02/2021 | £700.00 | 42 |
| 43 | 295237 | NSCCT -FTF Biodiversityin China | networkforsocialchange.org.uk | 22/02/2021 | £300.00 | 43 |
| 44 | 295237 | NSCCT -Peace Pool Projects | networkforsocialchange.org.uk | 23/02/2021 | £4,000.00 | 44 |
| £54,000.00 |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the truste rnembers of J LLQU T(ts" On accounts for the year ended <ts14rn 31 (0.3(u Charlty no (If any) 1019£S Set out on pages I report to the trustees on my examinatlon of the accounts of the above charity (llhe Trust.) for the year ended Re8pon8lbllltles and As the charity trustees of the Trust, you are responsible for the preparatSon basis of report of th8 accounts in accordance with the requirements of the Charilies Ad 2011 f'the Act.). I report in res[rt of my examination ol thè TTUSt's accounts carrled oul under s8ciion 145 of the 2011 Act and in carying out my examination, I have foll0v the applicable D1CtionS given by the Charlty Commission under section 14515)(b) of the Act. I have rAimpleted my examinatlon. I confinn that no m8t8dal matters hav8 come to my attention (other than that disclosed below ') in connection with the examinatlon which gives me cause to believe that in, any material respect: accountlng records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examlner'9 Stat•m•nt I have no concerns and have come across no other matters in connection with the examinatlon lo which attention should be drdwn in order to enable a proper understanding of the accounts to be reached. ' Ple8se del8t8 the wonls in the brackets if they do not apply. Slgned: Dato: Name: £ToLL Rolevant professional quaiificatlon{s) or body (If any): Address: Ilfi SE IIN'S AL us Lvkn'5)ofv' AJL'I 06) IER October 2018