TOM AMOS CHARITY
ANNUAL REPORT & ACCOUNTS
31ST DECEMBER 2023
Registered Charity Number 1080954
EDMUND CARR LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW
TOM AMOS CHARITY
31st DECEMBER 2023
CONTENTS
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|The Trustees' Report|1|
|Independent Examiner's Report|4|
|Receipts & Payments|5|
|Statement of Assets and Liabilities|6|
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TOM AMOS CHARITY TRUSTEES' REPORT
FOR THE YEAR ENDED 31st DECEMBER 2023
The Trustees have the pleasure in presenting their report and financial statements of the Charity for the year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE INFORMATION
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|Charity Name|Tom Amos Charity|
|Charity Number|1080954|
|Registered Office|Edmund Carr LLP|
|146 New London Road|
|Chelmsford|
|Essex|
|CM2 0AW|
|Trustees|G. Aston|
|M. Goff|
|A. O. Gowers|(Appointed 04/04/2023)|
|R. A. Lay|Chairman|
|R. G. LI. Morgan|
|C. Pearson|Treasurer|
|J. Salmon|Honorary Secretary|
|M. S. Saunders|
|Independent Examiner|S A Morrell FCCA|
|Edmund Carr LLP|
|146 New London Road|
|Chelmsford|
|Essex CM2 0AW|
|Bankers|National Westminster Bank Plc|
|4-5 High Street|
|Chelmsford|
|CM1 1FZ|
|Investment Managers|Canaccord Genuity Group Inc|
|88 Wood Street|
|London|
|EC2V 7QR|
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1
TOM AMOS CHARITY THE TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31st DECEMBER 2023
OBJECTIVES AND ACTIVITIES
The objects of the Trust, as set out in the governing document, are for the benefit of the residents of Little Waltham and elsewhere (later defined and construed as limited to an area comprised within the Borough of Chelmsford, the District of Uttlesford and the District of Braintree in the County of Essex), the provision of recreational facilities, the advancement of education, the relief of poverty, the advancement of religion and other charitable objects that are beneficial to the community.
Public Benefit
The Trustees confirm that the activities of the charity are undertaken to achieve the charity’s aims with regard to the public benefit guidance.
Grant Making Policy
The objectives of the Charity are to award grants to applicants who comply with the grant criteria. Criteria for grant applications were developed and published on the Charity’s website in 2009 and updated in 2010. Generally, the Charity will aim to distribute the interest gained from our investments over the previous years. However, the Trustees reserve the right to distribute greater sums if exceptional grant applications are received.
ACHIEVEMENTS AND PERFORMANCE
Grants to the total value of £59,649 have been awarded to 16 applicants in 2023 of which £28,649 were paid prior to the year end. 8 grants remain outstanding (£31,000). 1 grant awarded in 2013 (£10,000) and 5 grants awarded in 2022 (£23,650) remain outstanding.
FINANCIAL REVIEW
The statement of financial activities shows total income during the year of £44,000. The income comprises interest gained on investments.
Reserves Policy
It is the policy of the Charity to maintain cash reserves equivalent to the interest generated on our capital investments in previous years which is sufficient to cover our annual expenses and to enable grant applications in the current year to be considered.
2
TOM AMOS CHARITY THE TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31st DECEMBER 2023
Investment Policy
An investment strategy has been established in which our appointed broker Canaccord is directed to invest at their discretion with an objective being between income and growth at moderate risk.
PLANS FOR FUTURE PERIODS
The Trustees expect to meet their target of considering grant applications and distributing grants on a regular basis during 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Tom Amos Charity is an unincorporated charity constituted under the Charities Act, a declaration of Trust dated 5th November 1999 and a supplemental Trust deed dated 5th January 2001.
No staff are employed, all decisions are made and agreed by majority vote of the Trustees. The Trustees have returned to face to face meetings in 2023.
Risk Assessment
The Trustees have identified the major risks associated with the safeguarding of assets and financial procedures. Strict policies have been established with the Charity’s bankers, accountants, insurance brokers and stockbrokers to protect all the assets associated with the Charity. Trustee Liability Insurance has been arranged.
Approved by the Trustees on 15 April 2024 and signed on their behalf:
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Richard A Lay
Chairman of Trustees
3
TOM AMOS CHARITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TOM AMOS CHARITY FOR THE YEAR ENDED 31st DECEMBER 2023
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 5 and 6.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
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S A Morrell FCCA
Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW
17 April 2024
4
TOM AMOS CHARITY RECEIPTS & PAYMENTS FOR THE YEAR ENDED 31st DECEMBER 2023
| RECEIPTS Investment receipts Total Receipts PAYMENTS Charitable grants Accountancy Trustees insurance Bank charges Website and IT costs Sundry expenses Total payments Net receipts/ (payments) Cash balances brought forward Cash balances carried forward |
Total Funds 2023 £ 44,000 44,000 36,149 1,260 861 240 370 - 38,880 5,120 3,640 8,760 |
Total Funds 2022 £ 27,000 27,000 25,574 1,770 817 240 606 100 29,107 (2,107) 5,747 3,640 |
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All funds are unrestricted
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TOM AMOS CHARITY
STATEMENT OF ASSETS & LIABILITIES
At 31st December 2023
| Cash Funds Investment assets Listed investments at market value Total assets Liabilities Grant applications approved Professional fees accrued Total Liabilities |
2023 £ 8,760 1,044,317 1,053,077 64,650 950 65,600 |
2022 £ 3,640 1,008,504 1,012,144 41,150 950 42,100 |
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Approved by the trustees on 15 April 2024 and signed on their behalf:
…....................................
R A Lay
Chairman of Trustees
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