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 Char￿eS prnp0￿ng their accounts in ac£ordance with the Finan￿al Reporting Standard applicable inthe UK8nd the Republic of Ireland IFRS 1021 leffec*ive 1 January 20191. OBJECTIVES AND ACTMTIES Oblectivgs pr￿ alm8 The Objects of the Tnjst are: lal to rnake grdnts and provide assiSta￿e 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 Manc*ester 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$e a rnembership oloverg0,OOQ students Iwing in greater Manchester. Funding has con1inued to 5UPPOrtth? ¥kills developmen( volunteer brokergge and accrEditatson of volunteers Although volunteering continued to look a liitte different in 2021, the three union5 adaptgd to ènsurè ¥ale Volunteering activities and opportunities were rnaintained. They brokered hundreds of opportunrtiès for students to volunteer in organisth.ons and eharibe# •¢ross the rity induding listening projects," food bank supporL community gardeninu. As well as running their ow projects that championed collaboratfve and communlty spirit and gave volunteers the chanca to Sha￿ and develop skills. From miem volunteering and onlina volunteering through Student volunteer ¥veek athvlty and volunieer rgcognitKJn. FINANCIAL REVIEW Thetmst has powers to s•t asidè funds for specaal purposes or as resetve5 against future expenditure. The trustses have ot ￿entifIed any material expenditure beyond grant gmrp, and have therefo￿ not Set a 5PEcific re*rve8 policy. Th• trustees have exp￿SSed a ￿lSh to ensure 8ustsin8bility of the trust through •nsuring acbvity is fijnded vthere poss￿1¢ through Invo$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, a￿1 using the intsT￿l 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$t. The Ttust is govEm¢d by a Board ol Trustees and 8UPPOrted by suth prof￿[on81 advi80rB as the Trustees consider necessary tD SUPPOrt the operation of tkE Trust. The Trustee5 undert8ke an On￿oing assessment of signifieant risks to whith Robert Armitage Charitable Trust is exposed. Such iisks may be of a ffnancial or non-financial nature The ri8k assessment procèss ti¥tntifiès existin9 Strategies in p1aTr to minlmlse th¢)se rfsks. together with further acb.on that needs to b• taken. 1 of 10 Robert Armltage Charitable Trust Report of th• Trustees Contlnued For the year ended 31 July 2021 REFERENCE AND ADMINISTFATIVE INFORMATION Name of Charlty Robert Arrnitage Charitable Trust Chority rggl8tratlon number 1113185 Prfnclpal addross The Union, mar￿hester Nwropolitan UnN•rsity 21 Higher Cambridge Slrnèt M8nch8stsr M156AD Trust•OS The trustees and officers serving during the year and sin£E the year ond were ￿ killow8: Matthew Roblnson B9n War(1 Ed Moloney Independ•nt •xaminorn Counterculture Partnership LLP Unit 115 Duci• Hou88, DUC￿ SttEel, Manchester. Ml 2JW Banker¥ Bardays Bank plc Leir£ster LE87 2BB Soll¢lt4XS JMW Solicitors LLP 1 Byrom Pla Manchester M3 3HG ApprDved by thg Board of Trusiees and signed on its behall by Ma Robinson 1115/22 2of10 Robert Annitage Charitable Trust Independent Examiners Report to the Trustees For the year ended 31 July 2021 I r¢wl to the trusteee on My examinab.on of the accounts of the charity for the year Qnded 31 July 2021. Re¥ponslbl1l￿e8 and ba$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 ComMi65￿n undeT seclon 14515llbl of the Acl. Ind•pènd•nt eXa1￿￿er3 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 bel*ve 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 aC￿unts give 8'true and fairview, vthich Fs not a matter ¢onsKIe￿d as part ol an independent èx•mination, I have no ¢>)nc*ms 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 cha￿able 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 Rtetsncilia￿0n 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 $1gn¢d on its behaLf by.. ..J.LIS12.L Matlhw R Trnstee son 50110 Robert Amiitage Charitable Trust Notss to the Financlal Statements For the year ended 31 July 2021 1. ACCOUn￿ng Pollcle8 Ba818 of accountlng The finanoal statements have been prqjarod under the hi8torKal cost Convent￿rn, •xc*pt for invÈstrnent8 ￿1¢h are induded at mad(el value and the ￿ValUab"On of ￿rtain fixed 8&49ts and in a￿lda￿￿ with the charit￿$ SORP IFRS 1021 'A￿unting and Raportsng by Charitses.. Statement of Recnmrnended Prdcti(x applicable to ch8ritE8 preparing thtir accounts in act0[dan￿ with Ihe FinancAo1 Reportsng Stsndard aPp1F￿ble 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 1￿21, anrj th• Charities Act 2011. Ro￿rt Armitage Charitable Trust rneets the d&finition of a public benefit antity under FRS 102. Assets and liabilit￿8 are inthally recognised at historieal eo8t tsr tr8n83Ction value unless othermse stated in the relevant accountsng poI￿Y notelsl. Golng concern The finan¢ial $latemgnts are PrePa￿d on a going eonc*m 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 entIt￿d to th• inc