Charlty number. 1113186 Robert Amiltage Charltsble Trust Report of the Trustee5 and Unaudlted Flnancial Statements Forthe year ended 31 July 2021
Robert Armltage Charitable Trust Contents Page For the year ended 31 July 2021 Report of the Truslees 1to2 Independent Examinerf5 Report to th8 Tru¥tsg8 Statement of Finanaal Activities Statement of Flnandal Posltlon Not88 to tht Financial Statèments 6t010
Robert Armltage Charitable Trust Report of the Trustees For the year ended 31 July 2021 The Trust8@s have pleasure in presentkng thelr report afid the financial ststements for th& chartty for the year ended 31 July 2021. Tho Trusteès h8ve adopted ts provisions ol Accounting and Rgporbnq by Charities.. Ststem&nt of Recommended.Practice applicable to ChareS prnp0ng their accounts in ac£ordance with the Finanal Reporting Standard applicable inthe UK8nd the Republic of Ireland IFRS 1021 leffecive 1 January 20191. OBJECTIVES AND ACTMTIES Oblectivgs pr alm8 The Objects of the Tnjst are: lal to rnake grdnts and provide assiStae to registered ¢r exempl charthes, bthether located or worknng within the Greater MarKhe8ter area, nats"onally or internationally., Ibl to furthgr suth charitable purposes, both locally to the Gr8atsr Mancester area, nats"onally and internationally as the trustees shall in their absolut¢ di¥¢retion decide. The trustees have eonsid¢red the Charity Commission's guidanc• on public benefit, induding the guidance 'pUbl benefil-. running a tharity IPB21' and they bdY&ve that tho ¥UPPL¥t provided to the Rob8rt AJmitage Ch8ritabEe Trust all the¢hamti$ objeclives to b•n•frt a wdè section of the public. ACHIEVEMENTS AND PERFORMANCE Th¢ grants funded in the pravious yèar LY)ntinued to fijnd community activlty in three Students. Union Gh•rit¥ across Manch&stsr. The three Unions cx)mpri$e a rnembership oloverg0,OOQ students Iwing in greater Manchester. Funding has con1inued to 5UPPOrtth? ¥kills developmen( volunteer brokergge and accrEditatson of volunteers Although volunteering continued to look a liitte different in 2021, the three union5 adaptgd to ènsurè ¥ale Volunteering activities and opportunities were rnaintained. They brokered hundreds of opportunrtiès for students to volunteer in organisth.ons and eharibe# •¢ross the rity induding listening projects," food bank supporL community gardeninu. As well as running their ow projects that championed collaboratfve and communlty spirit and gave volunteers the chanca to Sha and develop skills. From miem volunteering and onlina volunteering through Student volunteer ¥veek athvlty and volunieer rgcognitKJn. FINANCIAL REVIEW Thetmst has powers to s•t asidè funds for specaal purposes or as resetve5 against future expenditure. The trustses have ot entifIed any material expenditure beyond grant gmrp, and have therefo not Set a 5PEcific re*rve8 policy. Th• trustees have expSSed a lSh to ensure 8ustsin8bility of the trust through •nsuring acbvity is fijnded vthere poss1¢ through Invo$knenl incorne generated fiDm the principal sum. Reserves The Tru81 aims toretain a r•serve equal to at least 75% of the legacy In order le r•tsin 8ufkent fvnds lo generate an investment retum to finan the charitabb odivitig¥. The Trust ha$ elected to pursue a Iow-rtyk investment polw by placing the 18gacy tn the best available Investsnani 8c¢ount with a high street bank, a1 using the intsTl generaled to finance its charitabl• activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng doeumènt The charity W85 e8tablishe(l and govemed by a Declaration of Trust. Reerultrnent and appointment of trustees Tru8tses are c£Mpted as set out in the Deelaration of Tru$t. The Ttust is govEm¢d by a Board ol Trustees and 8UPPOrted by suth prof[on81 advi80rB as the Trustees consider necessary tD SUPPOrt the operation of tkE Trust. The Trustee5 undert8ke an Onoing assessment of signifieant risks to whith Robert Armitage Charitable Trust is exposed. Such iisks may be of a ffnancial or non-financial nature The ri8k assessment procèss ti¥tntifiès existin9 Strategies in p1aTr to minlmlse th¢)se rfsks. together with further acb.on that needs to b• taken. 1 of 10
Robert Armltage Charitable Trust Report of th• Trustees Contlnued For the year ended 31 July 2021 REFERENCE AND ADMINISTFATIVE INFORMATION Name of Charlty Robert Arrnitage Charitable Trust Chority rggl8tratlon number 1113185 Prfnclpal addross The Union, marhester Nwropolitan UnN•rsity 21 Higher Cambridge Slrnèt M8nch8stsr M156AD Trust•OS The trustees and officers serving during the year and sin£E the year ond were killow8: Matthew Roblnson B9n War(1 Ed Moloney Independ•nt •xaminorn Counterculture Partnership LLP Unit 115 Duci• Hou88, DUC SttEel, Manchester. Ml 2JW Banker¥ Bardays Bank plc Leir£ster LE87 2BB Soll¢lt4XS JMW Solicitors LLP 1 Byrom Pla Manchester M3 3HG ApprDved by thg Board of Trusiees and signed on its behall by Ma Robinson 1115/22 2of10
Robert Annitage Charitable Trust Independent Examiners Report to the Trustees For the year ended 31 July 2021 I r¢wl to the trusteee on My examinab.on of the accounts of the charity for the year Qnded 31 July 2021. Re¥ponslbl1le8 and ba$ls of report As the charrty trustses, you aré rnsponyib18 for the preparation of the ac£ounts In accordance wth th¥ requirernents of the Charities Act 2011 Ilhe 2011 Aci'l, I report in raspact of my 8xaminalion ol the charityb ac£ounts carrfed out tjnder section 14501 the 2011 Act and in carrying out my exarniThalion I have folk)wed all applicable Direction8 given by the Charity ComMi65n undeT seclon 14515llbl of the Acl. Ind•pènd•nt eXa1er3 ststernent I have rnpleted my gxarnination. I confirm that no matters have come to my attention in ojnneth'on with the examinatlon giving rng cause to belve that in any matErial spect. 1. aiwunting records were not kept in respect of th8 Charity as rèquired by section 130 01 the 2011 Att, or 2. the accounts do not a(xord th tho80 records. or 3. the accounts do Trot comply WTth the applicabk requirements cDn¢gming the forrn and contsnt of accounts sat out in the Charfliès IA¢¢tsunts and Reports) Regulations 2D08 otherthan any ffjquirerFEntthatthe aCunts give 8'true and fairview, vthich Fs not a matter ¢onsKIed as part ol an independent èx•mination, I have no ¢>)ncms and havè corne 8CSOS8 no other matters in (nneCtIon th the examlnation to whl¢h attgnt*)n should be drawn in this report in order lo enable a proper undarstandiftg of the arLounts to be reached_ Countereulturè Partnèrship LLP Unit 115 DueA& Houso Ducie Street anch8ster M12JW Date.. 11 May 2022 30110
Robert Armitsge Charltable Trust Statement of Flnanclal Activities For the year ended 31 July 2021 Not 2D21 Unrestrlctsd 2020 Unrestricted Income and endowments from: Investments and othar income 34.646 34.646 58,376 68,376 Total Expendlture on: Rai8in9 funds chaable a¢t(vts*$ Tot¥[ ie,1481 11,8171 19.965} 19,4801 11,8661 111,3461 Net In¢omelloxpendltur•l Net gains on investments Not movement In funds 24.681 105,420 47.030 22,291 13Q101 69.321 Rtetsncilia0n of funds Ttslal fvnds brought fomard Tot81 funds rrted forward 1,720,857 1.850,958 1,651,536 1.720.857 l of the above resuts are derived from eontinuing activitie8. There were no other recL)gnised gains or IossèE ther than those ststed above. 4of10
Robèrt Armltago Charltsble Trust Statement of Financial Position As at 31 July 2021 Noto8 2021 2020 Flxod assets Investments 1.604,096 1.604.096 1,472,622 1.472,622 Currentassgts Debtors 10 Gash at bank and in hand 297,082 297,082 150,2201 371.665 371,665 Cr•dltor&: amounts falIlng du• wlthln on• y•ar 1123,4201 Net current a*sÈts 246,862 1,850.968 248.236 1,720.867 Total assets le current Ilabllltle8 N•t assets 1,850,958 1.720,867 The funds of the charlty Unrestrl¢tsd income funds Revaluation r6serve 12 1,782,322 68,636 1,560.310 160,547 1.720,857 Total funds 1,BS0,958 Tho finandal statemonts wor¢ approvod and authoris•d br issue by thtr Btsard and $1gn¢d on its behaLf by.. ..J.LIS12.L Matlhw R Trnstee son 50110
Robert Amiitage Charitable Trust Notss to the Financlal Statements For the year ended 31 July 2021 1. ACCOUnng Pollcle8 Ba818 of accountlng The finanoal statements have been prqjarod under the hi8torKal cost Conventrn, •xcpt for invÈstrnent8 1¢h are induded at mad(el value and the ValUab"On of rtain fixed 8&49ts and in alda with the charit$ SORP IFRS 1021 'Aunting and Raportsng by Charitses.. Statement of Recnmrnended Prdcti(x applicable to ch8ritE8 preparing thtir accounts in act0[dan with Ihe FinancAo1 Reportsng Stsndard aPp1Fble in the UK arKI Republ Df Ireland IFRS 1021 (efféctive 1 January 20191.. Financial Reporting Standard 102 the Finanrial Reportin9 Standard applrabb in the UK and Republic ol IrelaThY IFRS 121, anrj th• Charities Act 2011. Rort Armitage Charitable Trust rneets the d&finition of a public benefit antity under FRS 102. Assets and liabilit8 are inthally recognised at historieal eo8t tsr tr8n83Ction value unless othermse stated in the relevant accountsng poIY notelsl. Golng concern The finan¢ial $latemgnts are PrePad on a going eoncm basffd. under th8 historical o)st convention. Incomlng QUre All ino)ming resDufcÉs are included in the statement of finanual a¢tivili?8 when Ihe Charity is entItd to th• inc<xne and the amount ean bè quantified with reasonable accura¢y. Dividends are induded by reference lo their due dates. lTrter•st is re¢orded when Nable. Resoureos Èxpended Liabilit8 are rewgnised as Te8our$ expended when th•r* L8 a lègal or constructive obligation comnhtting the Charity to the expenditure". Costs ol generating funds present amounts paid to the Tw¥l'¥ extemal investrnent advisors. Charitable actDitties expenditure mlse$ yrants awaed by the Trust¢$$ in 8KQTdance with the criteria set out in the Trust Deed. togetherwith grant related support costs. Investments Net r8alised and Unreali gains and10&8es are refleded In the Statom¢n¢ ol Fin•naal ActivrtEes. Invesknents are ¥hown al rnari value. Cash and cash •qulvalents ash and ¢a¥h equivalents indude cash at bank and in hand, and 8horttemi depo8ts. Irr•cov¢rabl• VAT Irrecoverable VAT is induded in the Statement of Flnandal Aetivitiès and w tspgrted part of the expenditu(8 to whith it relates. 60110
Robert Amiilage Charltable Trust Notes to the Financial Statements Contlnuod For the year ended 31 July 2021 2. Inv•8lm•nt Incom• 2021 2020 Unreatrietéd funds Inwrne from listed inve¥tmgnl$ 34,202 57,265 Bank intsr¢¥t recgivable 444 34,648 68,376 Investment Man8Mnt co¥ts 2021 2020 Unrestrlcted fund8 In¥èstm•nt management fees 8,148 9.480 8,148 9A80 4. Costs of charltable actlvltles by fund type 2021 2020 UnrestrÉctgd funds Grants Payab Grant funded cost Support eosts Govèrnancè eosts Acrounlanty h•$ 1,800 1,800 other finan<% wst8 17 1,817 1,866 1.817 1.866 5. Analysb of support costs 2021 2[120 Governanr£ c08ts 1,800 1,800 7ofl0
Robert Armttage Charltable Trust Notss to the Financlal Statements Contlnued For the year ended 31 July 2021 8. Ngt In¢omgllexpendlturel for tho yaar Thi8 L8 Stabd after cthargingllcredilingl.. 2021 2020 AOUrbnCY fe?¥ IGainyLoss on disFX)sal of fix8d asset inv8Stments 1,800 (13.5091 1,8QO 122.2911 7. compara¥8 for the Statsment of Flnanclal Actlvlt188 The corTwardtNe year value5 on the Statement ol Financral ALvit$ are for unrestricted funds. Investmènts 8. Analysls of rnovem8nt of commerclal Investmonts L18ted Invastments Ca8ha8 part of porttolio Total Mart(et value at 1 August 2020 Additions ta investmenl at C05t 1.351.002 121,81g 1,472.621 153.079 153,079 Disposals at earrying valve 187.7441 125,7711 1120,4551 Net gainl{lossl on r¢voluali¢n 91.911 91,911 Market Value 81 31 July 2021 1.S08,248 95,848 1.604,096 9. Analpls of IrNe8tments beiween fund8 0$ atyear end 2021 2020 Unr•strlctsd fvnds Lisbj investments 1,508,248 95,848 1.351,002 121.619 Cash hekd as part ol the investmsnt portfolio 1,604,096 1N72,621 8of10
Robert Amiitage Charitable Trust Notes to the Flnancial Statements Continued For the year ended 31 July 2021 10. D•btor¥ 2021 2020 Amounts du• wjthln one year. Prepaymgnts and awiued income 11. Credllors: amounts f3lllng due thIn one year 2021 2020 Ac4ruals and deferred income 50.220 123,420 123N20 123N20 12. Movement in funds Unrg$trlctod Fund8 Balance at 0110B1202D Incomlng rnsourees Outgolng r•soure•s Galn9 and 108808 Balance at 3110712021 G8n&fftl Unre¥trided rgvenuo accumulated funds 1,720,657 34,646 19,9651 105.420 1,850,958 1,720,857 19,9691 106A20 1.860.9S8 Unrostriet•d Funds . Pr•vlous y•ar Balance at 0110812019 Incornlng resources Outgolng resource5 Galns and 1088es Balance at 3110712020 General Unrestrthd rev¢n acxumulated lund8 1,651,536 58,376 111,3461 22,291 1,720,857 1,661&36 58.376 111,3461 22.291 1.720,857 9of10
Robert Amiitsge Charitable Trust Notes to the Financlal Statements Contlnued For the year ended 31 July 2021 13. Analys1$ ot ngt o•¥et¥ been fund$ Not currant Not A880ts Illabllhlesl Unrefjtrfctsd funds General Unrestricted revenue sU18ted funds 1.604,096 246,862 1,850.958 1.604.096 246,862 1.850,958 Pr•vlou8 y•ar Ngt curront •$8•t¥l Not Amèts Unrestrlctsd fund8 GeApprèl Unrestrictsd revenue accumulated funds 1,472,622 248,235 1,720,857 1rt74622 248.235 1,720.857 10of10