## **TOM AMOS CHARITY** **ANNUAL REPORT & ACCOUNTS 31ST DECEMBER 2024** ## **Registered Charity Number 1080954** EDMUND CARR LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW ## **TOM AMOS CHARITY** ## **31st DECEMBER 2024** ## **CONTENTS** **----- Start of picture text -----**
||| |---|---| |The Trustees' Report|1| |Independent Examiner's Report|4| |Receipts & Payments|5| |Statement of Assets and Liabilities|6| **----- End of picture text -----**
**TOM AMOS CHARITY TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31st DECEMBER 2024** The Trustees have the pleasure in presenting their report and financial statements of the Charity for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **----- Start of picture text -----**
||| |---|---| |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| |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|Charities Aid Foundation| |25 Kings Hill Avenue| |Kent| |ME19 4JQ| |Investment Managers|Canaccord Genuity Group Inc| |88 Wood Street| |London| |EC2V 7QR| **----- End of picture text -----**
1 **TOM AMOS CHARITY THE TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31st DECEMBER 2024** ## **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 £65,000 have been awarded to 15 applicants in 2024 of which £46,000 were paid prior to the year end. 4 grants remain outstanding (£19,000). 1 grant awarded in 2013 (£10,000), 1 grant awarded in 2022 (£6,150) and 1 grant awarded in 2023 (£5,000) remain outstanding. ## **FINANCIAL REVIEW** The statement of financial activities shows total income during the year of £91,049. The income comprises interest gained on investments. To improve the financial management of the charity, the Trustees decided to move the Tom Amos Charity account from National Westminster Bank to CAF Bank. ## **PLANS FOR FUTURE PERIODS** The Trustees expect to meet their target of considering grant applications and distributing grants on a regular basis during 2025. ## **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 2024** ## **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. This strategy was reviewed in 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. ## **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 8 April 2025 and signed on their behalf: ....................................... ## **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 2024** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. 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. .................................... ## **S A Morrell FCCA** Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW 8 April 2025 4 ## **TOM AMOS CHARITY RECEIPTS & PAYMENTS FOR THE YEAR ENDED 31st DECEMBER 2024** |**RECEIPTS**
Bank interest
Investment receipts
**Total Receipts**
**PAYMENTS**
Charitable grants
Accountancy
Trustees insurance
Bank charges
Website and IT costs
**Total payments**
**Net receipts/ (payments)**
**Cash balances brought forward**
**Cash balances carried forward**|**Total**
**Funds**
**2024**
**£**
19
91,030
91,049
79,436
1,044
902
180
312
81,874
9,175
8,760
17,935|**Total**
**Funds**
**2023**
**£**
-
44,000
44,000
36,149
1,260
861
240
370
38,880
5,120
3,640
8,760| |---|---|---| ## **All funds are unrestricted** 5 ## **TOM AMOS CHARITY** ## **STATEMENT OF ASSETS & LIABILITIES** ## **At 31st December 2024** |**Cash Funds**
**Investment assets**
Listed investments at market value|**2024**
**2023**
**£**
**£**
17,935
8,760
1,044,282
1,044,317| |---|---| |**Total assets**|1,062,217
1,053,077| |**Liabilities**
Grant applications approved
Professional fees accrued|40,150
64,650
980
950| |**Total Liabilities**|41,130
65,600| Approved by the trustees on 8 April 2025 and signed on their behalf: ….................................... ## **R A Lay** Chairman of Trustees 6