TENBURY YOUTH CAFÉ
c/o STEPPS COTTAGE, BRIMFIELD, NR LUDLOW SHROPSHIRE. SY8 4NE
ANNUAL REPORT 2021/2022
The youth café project that operated in the building known as 27 Teme Street in Tenbury Wells closed its doors in November 2019. Due to the flooding of the town on 15[th] February 2020 and the subsequent lock down during the spring of 2020 due to Covid 19, the project remained in a suspended state. All assets were sold off and the resulting funds were placed into the bank account in 2020. The Trustees fully expected the bank account to be closed as the project had come to an end. However, because of the delay caused by the flood and covid the Trustees had stayed in contact with each other.
In January 2022 the Trustees were contacted by local solicitors Norris and Miles who advised that the project had been left some money in a will. This came as a surprise to the Trustees as the beneficiary was unknown to them, a local person who had passed away leaving his entire estate to seven named beneficiaries. To begin with, the Trustees were unaware of the amount of money involved. However, in January the first part of the money was transferred into the Tenbury Youth Cafe account. The Trustees have been furnished with a copy of the will. Copies of both the will and correspondence from Norris and Miles have been given to the TSB Bank where our bank account is held as they have requested evidence of our benefaction.
The Trustees have been advised that there is a property in London which is being sold and there will be some more funds to follow.
The Trustees have had several official meetings to discuss the way forward. The main points of which are:
-
The Trustees must ensure that they get the best advice to ensure that the funds are managed properly, legally and successfully;
-
The Trustees must do everything possible to ensure that the funds are invested securely in a manner that will provide the greatest return on investment to ensure the longevity of the fund;
-
The Trustees feel that they must do their best to look after such a wonderful legacy;
-
The project is no longer a deliverer of youthwork but can now become an enabler – by providing funds to other groups in the local area that work with children and young people.
Louise Taylor
Trustee
TENBURY YOUTH CAFÉ
ACCOUNTS 1[ST] APRIL 2021 TO 31[ST] MARCH 2022
INCOME EXPENDITUTRE Legacy from the Will of Mr Niall Andrew Kirk 200,000.00 There was no expenditure
Opening Balance 1[st] April 2021 £341.62 Income £200,000.00 Closing Balance 31[st] March 2022 £200,341.62
CHARITY COMMISSION Independent examinerfs report on the FOR ENGLAND ANO WALES I accounts Section A Independènt Examiner's Report Report to the trustees TENBURY YOUTH CAFÉ PROJECT On a¢¢ounts for the year ended ST 31 MARCH 2022 Charity no {if any) 1088994 Set out on pages I rerx)rt lo trustees on my examination of the )UnIS ofthe above charityllhe Trust") for the year ended Responsibllltles and ba$ls of report As the charty's trustees, you are resrx)nwble for the preparatM)n of the ac£ounls in accordan with the requirements of the Charities Act 2011 Ilhe Aca'l. I report in respect of Try examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my exaTnination, I have followed all the applicab DirectKJns given by the Charty Commission under se(lion 14515llbl of the Act. Independent examiner's statement I have compkted my e¥affinatK)n. I have no concems and have Ce ac¥oss no other matters in connection with the examination to which attention should be drawn in this report in order lo enable 8 woper understanding of the accounls lo be reached. Slgned: 16.1.2023 Name: Mrs Gillian Hurst Relevant professional qualifi¢ationlsl or body Ilf any}.. Address: 16 Church Street Tenbury Wells Worcs. WR15 8BP IER Oet 2018
Section B Disclosure Onty Complete rf the exafninei needs lo hhlIght material matters of conrn (see CC32. Independent examinatK)n of charlty aGGounts. directions and guidan for examiners). Glve here brfef detsils of any iterns that the exarniner wishes to disclose. IER Oct 2018