COLCHESTER CAP DEBT CENTRE
(CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022
CHARITY REGISTRATION No: 1152204
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Trustees' Report | 4 to 6 |
| Independent Examiner's Report on the Accounts | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 18 |
COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1152204
LEGAL FORM
Charitable Incorporated Organisation
WORKING NAMES
CCDP
START OF FINANCIAL YEAR
01 April 2021
END OF FINANCIAL YEAR
31 March 2022
TRUSTEES AT 31 MARCH 2022
Nigel Drew Sian Simpkins Amanda Drew Steven Dale Michael Roberts
Resigned December 2021
Appointed after 31 March 2022 Resigned after 31 March 2022
Rev Sara Batts-Neale Appointed 6 June 2022 Jonathan Joseph Ewbank Resigned June 2022
The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument.
GOVERNING INSTRUMENT
Foundation registered 29 May 2013, amended 20 January 2015.
REGISTRATION DATE
29 May 2013: CIO registration
OBJECTS
The relief of poverty for persons in Essex who are in conditions of need, hardship or distress of their social and/or economic circumstances, by providing services including, but not limited to, debt counselling and support with finding employment.
CORRESPONDENCE ADDRESS
The C3 Centre Ypres Road Colchester Essex CO10 9BD
PRIMARY BANKERS
The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP
INDEPENDENT EXAMINER
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
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Annual Report 1 April 2021 to 31 March 2022
Colchester CAP Debt Centre (CCDC) exists for the relief of poverty through debt counselling, money advice, job clubs and other related activities in the Colchester, Essex area. CCDC’s priorities for the year were to maintain financial stability and to increase capacity for debt counselling. The Centre saw another busy year with a number of significant developments. The story is one of continued growth in demand, in part due to continuing fallout from the pandemic and in part to cost of living rises. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.
In-person meetings with clients returned at the start of the year, allowing the debt coaches to work more effectively and within the model of meetings for which the process was designed. In-person client events were also reintroduced, including a picnic in August.
In the six months to May 2021 the centre booked 38 initial appointments, with 52 live cases. By the end of the year, this had become 66 live cases. CCDC booked 29 sessions in comparison with a regional average of 8, demonstrating both the ongoing demand for CCDC and the strong relationships with referrers. There were 20 active volunteers during this period.
LifeSkills groups returned to meeting in person during the year, albeit in a restricted way to comply with covid rules at the time, with new groups in three different locations across the town. In addition to the sessions covering the course materials (on budgeting and living well on a low income), we also offered sewing and repair workshops, and worked with Cycling UK to offer free bike repair, maintenance and guided rides. The bike sessions proved popular, and have continued to happen fortnightly, now located in a community cafe where free refreshments are available as well as other services (energy and housing advice, for example). The Lifeskills team also worked with Autism Anglia, providing sessions to a number of young people working with them, as part of a project to get them into paid work. LifeSkills aims to prevent debt issues building by sharing skills to enable people to live well on a low income. 4 volunteer coaches are now trained to deliver LifeSkills, with a growing team of volunteers to support them. During this reporting period 10 people completed Lifeskills courses, and about 40 people through related sessions (sewing group, bike repairs and work with Autism Anglia). The Trustees are confident that investment in these groups benefits those who are at risk of falling into unmanageable debt, and feedback from those attending supports this.
The trustees continue to work to maintain financial stability, in a challenging financial environment for statutory and third sector agencies. Fundraising continued via grant-making bodies and individual/ church donations, enabling the employment of a new assistant manager/debt coach who began their training in January 2022.
The results for the year show another year of growth, with total income up by 7.5% to £62,181. Within this, income from donations and gifts was slightly higher rising from £28,040 in 2020/21 to £29,433 in the year to 31st March 2022. Grants, meanwhile, grew by 35.8% to £27,488, including substantial support from Colchester Borough Council and Colchester Borough Homes. Essex Community Foundation has also been an ongoing supporter of our work.
In 2021/22 our costs came to £58,149, an increase of 38.75% on the previous year. This increase in costs is due to increasing staff numbers. The net impact for the year was therefore a surplus of £4,032, taking our total retained funds at the year end to £45,291 with a bank balance at that point of £45,241. The trustees have every confidence that the charity will meet its financial obligations
when they become due. In 2021/22 trustees maintained reserves of £20,000, in excess of three months' operating costs. This is kept under review.
The opening of a Colchester campus of the C3 Church provided an opportunity for CCDC to move into new office space and to benefit from the connections afforded by concurrent activities to which clients can be signposted. Relationships with other agencies, such as Colchester Borough Council’s welfare benefit specialists, have strengthened as a result.
The Revd Dr Sara Batts-Neale Chair of Trustees 24 January 2023
COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2022
Responsibiities of Trustees
Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;
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select suitable accounting policies and apply them consistently
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make judgments and estimates that are reasonable and prudent
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comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that charity will continue in operation
The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:-
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the charity is operating efficiently and effectively
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all assets are safeguarded against unauthorised use or disposition and are properly applied
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proper records are maintained and financial information used within the charity or for publication is reliable
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the charity complies with relevant laws and regulations
The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.
Approved by the Trustees on…..................................... 24th January 2023 Signed on their behalf by Trustee …..............................
Printed Name: Michael A Roberts
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
Report to the trustees/ members of Colchester Cap Debt Centre on the accounts for the year ended 31st March 202
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
Date: 25th January 2023
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOMING RESOURCES Donations & Legacies 3a Charitable Activities 3b Other Income 3c TOTAL INCOMING RESOURCES PAYMENTS Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward Prior year adjustment BALANCES CARRIED FORWARD NET MOVEMENT IN FUNDS RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 41,123 17,938 59,061 51,036 10 - 10 4,028 3,110 - 3,110 2,779 |
|---|---|
| 44,243 17,938 62,181 57,843 |
|
| 46,926 11,223 58,149 41,907 |
|
| 46,926 11,223 58,149 41,907 |
|
| (2,683) 6,715 4,032 15,936 - - - - |
|
| (2,683) 6,715 4,032 15,936 |
|
| 40,620 640 41,260 25,324 (1) - (1) - |
|
| 37,937 7,355 45,291 41,260 |
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages:10 to 18
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 MARCH 2022
| Assets Notes Tangible Assets 2 Current Assets 8 7 Total Current Assets 9 10 5 Debtors & Prepayments Cash at bank and in hand Creditors:amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETSless current liabilities Creditors:amounts falling due in more one year NET ASSETS FUNDS OF THE CHARITY General Funds Restricted funds TOTAL FUNDS |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 620 - 620 110 323 - 323 823 37,886 7,355 45,241 40,997 |
|---|---|
| 38,209 7,355 45,564 41,820 |
|
| 893 - 893 670 37,316 7,355 44,671 41,150 |
|
| 37,937 7,355 45,291 41,260 - - - - |
|
| 37,937 7,355 45,291 41,260 |
|
| 37,937 - 37,937 40,620 - 7,355 7,355 640 |
|
| 37,937 7,355 45,291 41,260 |
Approved by the Trustees on ….................................... 24th January 2023 Signed on their behalf by Trustee ….............................. Printed Name: Michael A Roberts
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
Basis of Preparation:
The financial statements of the CIO have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)) and applicable accounting standards.
The CIO has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
Colchester CAP Debt Centre meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
The functional currency of the CIO is sterling (£).
Preparation of accounts on a going concern basis
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the CIO going forward.
The CIO has opted to prepare its accounts using natural categories.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
Material prior period errors
No material prior year errors have been identified in the reporting period.
1. ACCOUNTING POLICIES
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and
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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.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Tax Reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Government Grants
The CIO has not received government grants in the reporting period.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual repor
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
Expenditure and Liabilities (continued)
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the CIO to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and Support Costs
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the CIO and its compliance with regulation and good practice.
Employee benefits
Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
Redundancy cost
The CIO made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The CIO has creditors which are measured at settlement amounts less any trade discounts.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £150. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over 3 years from the month they are purchased.
This page does not form part of the statutory financial statements
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
2. TANGIBLE FIXED ASSETS
| Additions At 1 April 2021 Accumulated Depreciation At 1 April 2021 Charge for the Year At 31 March 2022 Net Book Value At 31 March 2022 Cost At 1 April 2021 At 31 March 2022 |
Equipment Other Fixed Asset Property (Restricted) 2021/22 £ £ £ £ £ - 480 - - 480 - 1,076 - - 1,076 |
|---|---|
| - 1,556 - - 1,556 |
|
| - 370 - - 370 - 565 - - 565 |
|
| - 935 - - 935 |
|
| - 620 - - 620 |
|
| - 110 - - 110 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2022 : None 31st Mar 2021 : None
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOME AND ENDOWMENTS FROM:
| Note b) Other Trading Activities c) Charitable Activities Lifeskills Income Other Sundry Income Fundraising Grants Gift Aid Tax Recoverable Pledges ACTS giving a) Donations & Legacies Gifts and Donations |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 29,433 - 29,433 28,040 9,550 17,938 27,488 20,237 - - - 629 2,140 - 2,140 2,130 |
|---|---|
| 41,123 17,938 59,061 51,036 |
|
| 10 - 10 4,028 |
|
| 10 - 10 4,028 |
|
| 3,110 - 3,110 2,729 - - - 50 |
|
| 3,110 - 3,110 2,779 |
This page does not form part of the statutory financial statements
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
4. RESOURCES EXPENDED
| Governance Costs Accountancy and Independent Exam Consultancy Fees Professional and Payroll Fees Volunteers Depreciation Other Costs ACTS giving CAP Head Office Christmas Hamper Client Events Fuel Poverty Grant expenditure Equipment Hire Insurance Printing, Postage and Stationery Sundry Expenses Telephone and Computers Training Lifeskills Other Costs a) Charitable Activities Staff Costs Staff Travel Wages and Salaries Support Costs Advertising |
Unrestricted Restricted Total Total Basis of Funds Funds 2021/22 2020/21 allocation £ £ £ £ 902 - 902 743 Direct cost 19,323 11,223 30,546 21,982 Direct cost 2,102 - 2,102 170 Direct cost - - - - Direct cost 965 - 965 397 Direct cost 302 - 302 190 Direct cost - - - - Direct cost 721 - 721 467 Direct cost 370 - 370 554 Direct cost - - - - Direct cost 566 - 566 160 Direct cost 1,988 - 1,988 2,030 Direct cost 10,300 - 10,300 10,150 Direct cost 1,425 - 1,425 1,192 Direct cost 1,339 - 1,339 301 Direct cost 530 - 530 - Direct cost 2,959 - 2,959 - Direct cost 1,735 - 1,735 1,657 Direct cost 576 - 576 1,071 Direct cost Direct cost 586 - 586 540 Direct cost - - - - Direct cost 236 - 236 302 Direct cost 46,926 11,223 58,149 41,907 |
|---|---|
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| CAP Release Group Essex Community CBH Voluntary Welfare |
Balance Gains & Balance 01-Apr-21 Income Expenditure (Losses) Transfer 31-Mar-22 £ £ £ £ £ 640 - - - - 640 - 8,700 (1,986) - - 6,715 - 9,238 (9,238) - - - |
|---|---|
| 640 17,938 (11,223) - - 7,355 |
PREVIOUS FINANCIAL YEAR
| CAP Release Group | Balance Gains & Balance 01-Apr-20 Income Expenditure (Losses) Transfer 31-Mar-21 £ £ £ £ £ 640 - - - - 640 |
|---|---|
| 640 - - - - 640 |
The Restricted Funds are wholly represented by the CIO's cash reserves and are to be expended as specified above.
This page does not form part of the statutory financial statements
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COLCHESTER CAP
(CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
6. INVESTMENTS
The CIO held no investment assets during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| 7. CASH AT BANK AND IN HAND | |
|---|---|
| Current Account | Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ 37,886 7,355 45,241 40,997 |
| 37,886 7,355 45,241 40,997 |
8. DEBTORS AND PREPAYMENTS
| Gift Aid Tax Recoverable ACTS 435 Giving Sundry accounts receivable |
Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ (500) - (500) - 629 - 629 629 194 - 194 194 |
|---|---|
| 323 - 323 823 |
9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Independent Examiner's Fee |
Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ 307 - 307 130 586 - 586 540 |
|---|---|
| 893 - 893 670 |
This page does not form part of the statutory financial statements
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
11. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Employer's National Insurance Costs Less: HMRC Employer Allowance Employer's Pension Contributions |
TOTAL 2021/22 £ 30,414 448 (448) 132 30,546 |
TOTAL 2020/21 £ 22,234 227 (227) 121 |
|---|---|---|
| 22,355 |
The average number of employees engaged on a part time basis in the following activities:
| TOTAL | TOTAL | |||
|---|---|---|---|---|
| 2021/22 | 2020/21 | |||
| Furthering the charitable objects | 4 | 2 | ||
| Administration and Support | 1 | 1 |
Staff are paid through the PAYE system. No employees received emoluments in excess of £60,000. (2020/21- None)
The key management personnel of the charity comprise the Board of Trustees, and the Debt Centre Manager. No trustees are remunerated. The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel of the charity were £11,012 (2019/20: £10,283).
The CIO does pay employer pension contributions on behalf of any employee, although a stakeholder pension scheme is offered to those eligible employees who wish to contribute. The staging date for auto enrolment date for the CIO was April 2017, at which point a pension scheme was made available to eligible employees.
12. TRUSTEES AND OTHER RELATED PARTIES
No related parties received remuneration during this financial year. The only other payments made to trustees and the related parties mentioned above were reimbursement of expenses incurred whilst acting on behalf of the organisation. No material transaction took place between the organisation and a trustee or any person connected (2020/21- None)
| 13. CURRENT YEAR ANALYSIS OF NET ASSETS BY FUND Fixed Assets Net Current Assets Liabilities (due in more than one year) 13.a) PRIOR YEAR ANALYSIS OF NET ASSETS BY FUND Fixed Assets Net Current Assets Liabilities (due in more than one year) |
Unrestricted Designated Restricted 31-Mar-22 31-Mar-21 Funds Funds Funds Total Total £ £ £ £ £ 620 - - 620 110 37,316 - 7,355 44,671 41,150 - - - - - |
|---|---|
| 37,937 - 7,355 45,291 41,260 |
|
| Unrestricted Designated Restricted 31-Mar-21 31-Mar-20 Funds Funds Funds Total Total £ £ £ £ £ 110 - - 110 270 40,510 - 640 41,150 25,054 - - - - - |
|
| 40,620 - 640 41,260 25,324 |
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COLCHESTER CAP (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
14. RISK ASSESSMENT
The Trustees actively review the major risks which the CIO faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
This page does not form part of the statutory financial statements
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