2021-03-31-accounts - The Noyen-Melendez Family Trust Limited

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Trustees’ annual report (including Directors’ report) for the period

From: 01/04/2020

To: 31/03/2021

Charity name: The Noyen-Melendez Family Trust Ltd

Charity registration number: 1123670

Company number: 06517306

Objectives and activities

bjectives and activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To establish for such charitable purposes as the trustees at their discretion may decide and which are deemed exclusively charitable according to the laws of England and Wales and, in particular, to promote and fund education for the disadvantaged to enhance their life opportunities and to advance education by the promotion and funding for the development of sustainable energy projects and processes for benefit in developing countries.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The charity makes multi-year support grants to NGOs that execute charitable projects locally. This year the charity has given donations for the care for abandoned children in South Africa (£32k); for environmental and animal protection (£47k); and for children education and development in poor regions (£14.7k).
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity continued the support of its partners’- NGOs – activities. The Trustees maintain long-term relationships with these organisations so that we can help the NGOs sustain their efforts. To that purpose we aim to make multi year donations of an amount per annum (unless it is for a specific short-term project). The Trustees wish to make a difference to the organisation but not become a dominant sponsor.

Financial review

Review of the charity’s financial position at the end of the period	Para 1.21	The charity's principle source of funds is dividends from an investment in a PLC. The amount paid out annually approximately matches the amount of dividends received. The valuation of the investment held has a significant impact on the charity's financial position. At the end of the financial period the charity held the same number of shares as at the beginningof theperiod.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Strurturei governance and management Deseri tion of chari 5 trL5Sts.' Type of governing document: Para 1.25 Memorandum and Articles of Association How is the charity constituted? Trustee selettion method5 including details of any constitution31 provisions Para 125 Company limited by guarantee Par• 1.25 Appointed at the annual general meeting Reference and administrative detai15 Chari name Other name the charity uses Registered charity number Chari al addre55 The Noyen-melendez Famil Trust Ltd nla 1123670 11 St Ste hens Mèws, London W2 SQZ Names Of the charity trustees who manage ihe charity Nèffle of per laf body) entitkd to appti twstek lif anyl Trustee nam¢ OHlce Illamil Date5acted rf Mt tort*holeyeaT Bob Noyen Maria Melendei Caroline Aitzetmuller Declarations The wmpany has tsken advantage of the small companles, exemptlon In preparlngth• report above. The trustees declare that they have approved the tru5tees' report Ilncluding dlrertors, report) above. Signed on behalf of the charlrfs tru5teesldirertors Sl8nature{sl Full namelsl Bob Noyen Posltlon (for example Secretaryp Chalr, etcl Chair Date 13 021

The Noyen Melendez Family Trust Ltd	The Noyen Melendez Family Trust Ltd	CharityNo	1123670	1123670
		CompanyNo	6517306
Annual accounts for the period
Period start date	01/04/2020	To	Period end date	31/03/2021

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
73,114	-	-	73,114	80,995
	-	-	-
73,114	-	-	73,114	80,995

94,238	-	-	94,238	60,321
6,413	-	-	6,413	7,439
100,651	-	-	100,651	67,759

(27,536)	-	-	(27,536)	13,235
-	-	-	-	-
(27,536)	-	-	(27,536)	13,235
1,170,692	-	-	1,170,692	(41,810)
1,143,156	-	-	1,143,156	(28,575)

-	-	-	-	-
1,143,156	-	-	1,143,156	(28,575)

880,479	-	-	880,479	909,054
2,023,634	-	-	2,023,634	880,479

SOFA

Nn Mol•rthz Famlly Trt LM Cliafjly No lfjv N.. 1123670 $17306 Section B Balance sheet Ro#trict•d In¢orn• Ilnre•trlcd lund¥ Endowm•M To(Il thli fun T01•1 l••t Flxed assets lftv•Jlm•nts F02 F03 FO4 FOS INol• 17) Tol•lllxKI •¥s•t 1.888.213 1.888,213 1.888.213 1.888.213 717521 717 521 Current assets Cash at bank and In h4nd (Not• 241 Tol•l eury•nl •v•ls 135.421 135.421 135.421 135,421 166.960 Bio Cr•dllor¥: •mount• la115ng d9 wllhln one y•ir (Not• 201 N•1 cum?nt •ss•tsl(Il•blll¢l•s) •12 135.421 135,421 162 958 2.023.634 2.023.634 Tol•l n•1 •$s•ls or Il•blllllo8 2,023.634 2.023.634 880.479 Funds of the Charfly Unre¥¢rf¢t•d fund• F•lr ¥alu• r•••p4• 2 023 634 rol•l luftdi 2.023,634 2.023.634 Th• comp•ny w•• •ntitl•d lo •x•mptlon Imm •udll und•r¥477 of lh• Compknl•¥Acl 2thXr•Wlnq lo Mi• ¢omp•nl•¥, Th• m•mb•rn h• noe r•oulrnd th• mnY lo obl•ln an dfi In •e¢offl•n¢• wllh i•¢tlon 4T6 olth• Comp•nl•# Act 2006. Th• dlrn¢ioM •¢knowl•dq• ¢h•lrrn#ponlbHltl• lor¢omptylng wllh lh• rnqulrnffl•nt8 olth• comp1 Arf wtth r•¥p•ct lo •¢¢ounllnq rneord• •nd lh• prnpriion olryoynt¥. Th•8• •¢counti h•w• b••n prnp•rnd In •¢¢ord•nc• wlth th• prnvlslon¥ •ppll¢•bl• lo ¥ffl•Ncomp•nl•¥ ¥ubl•¢i t• th• sm•ll comp•nl•¥ r•Blm• Ind In •c¢0rf•n wlth FRS102 SORP. Sbn•d by On• of M tru•1••d•c1orn on b•h4M olilth• tnjs¢••dk0¢IOTh D•t• ol •pprovar ddlrnvmy N•n Synaluf• of d01 •ulh¢ntkaling 8CCoAll b•kn9 nt to C4ownl•i abJr• B Sh••t

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS • and with ü 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern; Not applicable Disclosure of any uncertainties that make the going concern assumption doubtful; Not applicable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the Not applicable accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes ü * -Tick as appropriate No ü

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes No	ü	* -Tick as appropriate
	ü

1.5 Material prior year errors

1.5 Material prior	year errors	year errors
No materialpriory	ear error have been identified in the reporting period(3.47 FRS102 SORP).
Yes No	ü	* -Tick as appropriate
	ü

N 1

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconciliation of funds per previous GAAP to funds determined under FRS 102

End of Start of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £

Net income/(expenditure) as previously stated

Adjustments:

Previous period net income/(expenditure) as restated

N 2

Section C Notes to the accounts (cont)

Note 2 Accounting policies	Note 2 Accounting policies
2.2 INCOME
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	• the charity becomes entitled to the resources;
	• it is more likely than not that the trustees will receive the resources;
	• the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can be
royalties and dividends	measured reliably.
2.3 EXPENDITURE AND LIABILITIES
	Liabilities are recognised where it is more likely than not that there is a legal or constructive
Liability recognition	obligation committing the charity to pay out resources and the amount of the obligation can
	be measured with reasonable certainty.
Governance and support	Support costs have been allocated between governance costs and other support.
costs	Governance costs comprise all costs involving public accountability of the charity and its
	compliance with regulation and good practice.
	Support costs include central functions and have been allocated to activity cost categories
	on a basis consistent with the use of resources, eg allocating property costs by floor areas,
	or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of
conditions	service or output to be provided, such grants are only recognised in the SoFA once the
	recipient of the grant has provided the specified service or output.
Grants payable without	Where there are no conditions attaching to the grant that enables the donor charity to
performance conditions	realistically avoid the commitment, a liability for the full funding obligation must be
	recognised.
Provisions for liabilities	A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
	The charity accounts for basic financial instruments on initial recognition as per paragraph
Basic financial instruments	10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
	FRS102 SORP.
2.4 ASSETS
	Fixed asset investments in quoted shares, traded bonds and similar investments are valued
Investments	at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured
	reliably in which case it is measured at cost less impairment.
	Investments held for resale or pending their sale and cash and cash equivalents with a
	maturity date of less than 1 year are treated as current asset investments
Current asset investments	The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit
	and cash equivalents with a maturity of loss than one year held for investment purposes
	rather than to meet short-term cash commitments as they fall due.
	They are valued at fair value except where they qualify as basic financial instruments.

Yes No N/a*	Yes No N/a*	Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü

Yes No N/a*	Yes No N/a*	Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü
Yes No N/a*
ü	ü	ü

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

N/a

N 2.2

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income	Income
Interest income Dividend income Rental and leasingincome Other Total TOTAL INCOME Income from investments: Analysis of income	Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £

	Interest income	14	-	-	14	341
	Dividend income	73,101	-	-	73,101	80,654
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
		73,114	-	-	73,114	80,995

		73,114	-	-	73,114	80,995

N 3

Section C Notes to the accounts (cont)

Note 6 Expenditure

Note 6	Expenditure
	Analysis of expenditure	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
Donations for charitable purposes Other information: TOTAL EXPENDITURE Expenditure on charitable activities Total expenditure on charitable activities
	Donations for charitable purposes	94,238	-	-	94,238	60,321
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		94,238	-	-	94,238	60,321

		94,238	-	-	94,238	60,321

Prior year expenditure on charitable activities

Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

All donations are made for charitable projects to NGOs who act locally. Foreign currency grants are converted into sterling using average rate of the day of the bank transfer.

N 6

Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Note 10.1 Fees for examination of the accounts *Please provide details of the amount paid for any statutory external scrutiny of accounts* *and other services provided by your independent examiner. If nothing was paid please* *enter '0' in the appropriate box(es).*
Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year £	Last year £
	2,000	2,000


	2,002	2,002

N 10

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Care for abandoned children in SA	32,372		-	32,372
Environmental and animal protection	47,127		-	47,127
Education and children development	14,739			14,739
			-	-
				-
*Total*	94,238	-	-	94,238

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions
*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of the* *grant and total paid to each institution is available on the charity's web site.*	*Yes*	*Please provide* *details of charity's* *URL.*
	No	*Provide details* *below*

Names of institution	Purpose	Total amount of grantspaid £
TLC tlc.org.za	Long-term care for abandoned children and placements in families	32,372
Kalaweit Kalaweit.org	Protection and rehabilitation of gibbons and their habitat in Indonesia	27,127
Fauna&Flora fauna-flora.org	Gorilla conservation program	20,000
Boys & Girls Club, Puerto Rico Better future for children		14,739
		-
*TOTAL GRANTS PAID* *Other unanalysed grants (returned last year's grant)* *Total grants to institutions in reporting period*		94,238

		94,238

N 13

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash equivalents	Listed investments	Investment properties	Social investment s	Other	Total
-	717,521	-	-	-	717,521
-	-	-	-	-	-
-		-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	1,170,692	-	-	-	1,170,692
-	1,888,213	-	-	-	1,888,213

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowledgeable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Investment properties Listed investments Total Grand total (Fair value at year end+Cost less impairment) Social investments Other investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	1,888,213	-
	-	-
	-	-
	-	-
	1,888,213	-
	1,888,213

17.7 Additional information

Please provide information about the significance of At the end of the period the charity holds 2,697,447 shares in Record Plc valued @ 70p. investments to the charity's financial position or Dividends on the shares is the main income of the charity. performance eg. terms and conditions of loans or the use of hedging to manage financial risk. For all investments measured at fair value, the basis for determining the value, including any The investment is shares in a company listed on London Stock Exchange assumptions applied when using a valuation technique.

N 17

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
	4,002	-	-
-	4,002	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period Balance at the start of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

N 20

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Short term deposits Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date)	This year £	Last year £
	-	-
	-	-
	135,421.36	166,960
	-	-
	135,421	166,960

N 24

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldlrectorsl member5 of The Noyen - Melendez Famity Trust Ltd On accounts for the year ended 31 March 2021 Charlty no.: 1123670 Company no.: 06517306 Set out on pages Respective responsibilities of trustees and examiner The trustees (who are also the directors of the cornpany for the purposes of company law) are reswnsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 {"th8 2006 Act"). The charity's trustees consider that an audit is not required for Ihis year under Part 16 of the 2006 Act and that an independent examination is needed. It is my responsibilty to". examine the ac(x)unts under sedion 145 of the Act, to follow the procedures laid down in the general Direclions given by th8 Charity Commission (under section 145(5){b) of the Charities Act, and to state whether particular matters have come to my attention Basis of independent My examination was Caled out in accordance with general Directions given examinevs ststement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees conmIng any such matters. The procedures undertaken do not prowde all the evidence that would be required in an audit, and consequently no opinion is given as to vthether the accounts Present a 'true and fair wew and the report is limited to those mallers set out in the statement below. IER May 2018

Independent In connedion with my examination, no material matters have come to my examlnerfs statement attention which gives me cause to believe that in, any Material respect: • a¢counting records were not kept in accordan with section 386 of the Companies Act 2006., or . the accounts do not accord with such recor(Is.' or . the accounts do not comply with relevant accounting requlrements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. or .the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 understsnding of the accounts to be reached. Signed: Date: 23.10. 2021 Name". M Tikhonova Relevant professional quallflcallon(s) or body {rf any): FCCA Address: 4 Melliss Avenue. Richmond ThV9 4BQ IER May 2018