## ## ## |CONTENTS||PAGE| |---|---|---| |Trustees annual
report||| |Independent
examiner's|report|| |Receipts and payments|account|| |Statement
ofassets and|liabilities|| |Notes to the accounts||| ## ## ## ## ## ||TRUSTEES AhlNUAL
REPORT (continued)
YEAR ENDED 31JULY 2021|TRUSTEES AhlNUAL
REPORT (continued)
YEAR ENDED 31JULY 2021|| |---|---|---|---| ||Names and addresses ofadvisers
(Optional
information)||| ||Type of
Name|Address|| ||adviser||| |Name ofchief executive or||names ofsenior staff members
(Optional
information)|| ||~
e|~ ~|| |Description
ofthe charity'e||trusts|| ||Type ofgoverning
document|Constitution|| ||How the charity is constituted|Trust|| ||Trustee selection methods|Appointed
by consensus|| |Additional
governance
issues (Optional
information)|||| |You may choose to include
add(ttonal
information,
where
relevant,
about:||The Chair oftrustees
with the support ofthe board oftrustees
continues
to carry out an induction
programme
for all new Trustees
prior to their
appointment
and during
their time with the Trust,
All Trustee
appointments
are reviewed at the end oftheir 3year tenure as required|| |~|policies and procedures|by the Governing
Document.|| ||adopted for the induction||| ||and training
oftrustees;|Trustee meetings
are held 3monthly
with video link facilities where|| |~|the charily's
organisational
structure
and any wider
network with which the
charity works;|locations allow for this. Detailed
minutes
are produced
within 2weeks of
Trustee meegngs.
Due to the Covid-19 mstrictions,
the meetings
held
in
September and December of2020 and March and June of202'l were
held virtually
using the MS Teams facility. These meetings
proved to be
so successful that the board decided to hold all meetings
in this fashion|| |~|relationship
with any
related parties;|apart from one physical
meeting
per year which wpuld be considered
AGM.|an| |~|trustees'
consideration
of
major risks and the system
and procedures
to manage
them.|Financial
risk is reduced
by the establishment
ofa minimum
balance of
920,000.Any short term reductions
below this figure require
Board
approval.
There were no approvals
granted
during
this reporting
year.|| ## |Summary ofthe objects
charity set out in its
governing
document|Summary ofthe objects
charity set out in its
governing
document|Summary ofthe objects
charity set out in its
governing
document|ofthe|Toact asa resource for young
people up tothe age of30who are
current Learners, graduates
or apprentices
atthe Motivational
Preparation
College for Training
(MPCT) by providing
advice and
assistance
and organising
programmes
ofphysical,
educational
and| |---|---|---|---|---| |||||other activities as a means of;| |||||Advancing
in life and helping
young people by developing
their| |||||skills, capacities and capabilities to enable them to participate
in| |||||society as independent,
mature and responsible
individuals;| |||||Advancing
education;| |||||Relieving
financial
hardship;| |||||Relieving
unemployment;| |||||Providing
recreational
and leisure-time
activity
in the interests of| |||||social welfare for people living
in the area ofbenefit who have| |||||need by reason oftheir youth, age, infirmity
or disability,
poverty| |||||or social and/or econoinic circumstances,
This is with a view to| |||||improving
the conditions
and the life ofsuch a person.| |Suminary ofthe main
activities undertaken
forthe
public benefit in relation to
these objects (include within
this section the statutory
declaration
that trustees
have
had regard tothe guidance
issued by the Charity
Commission
on public
benefit)||||The Motivation
& I earning
Trust (MLT) has continued
to engage
in a
significant
fundraising
strategy
in order to ensure solvency and offer
support to those who are entitled toaccess grants under the constitution
ofthe charity. Relief ofhardship
and improvements
in Learner mental
health are now a major focus, especially as the effects ofthe Covid
restrictions
become apparent.
For a large part ofthe reporting
period
these restrictions
have severely
curtailed
fundraising
activities. However,
regular donations
and some fundraising
from MPCT Staff has ensured
that the charity has not suffered
financial
hardship.| |||||Unfortunately
the MLT Gala Dinner was cancelled due to restrictions.| |||||However,
the joint MLT/RICOH
Golf Day was rescheduled
and took place
on 29 July 21 at the end ofthe reporting
period.| |||||A grant ofS2,400to allow Learner participation
in sailing events was| |||||made during the period, Restffictions eased sufficiently to allow an event| |||||totake place in July 21 where Learners and staff undertook
a Sailing| |||||course with Island Trust Sailboats out ofPlymouth.
Future sailing events| |||||are planned,| |||||In addition to the government's
strategy of providing
ITsupport to allow
classes to be held online, our charity donated 225,000 towards
IVIPCT's| |||||tNo one gets left behind" campaign
to purchase
Laptops for use by| |||||Learners
who, for whatever
reason, did not qualify for government| |||||support.| |||||As the number ofMPCT Colleges and Learner
numbers
continue to| |||||increase, we have endeavoured
to encourage
individual
colleges to raise| |||||funds at local level. This strategy was proving
successful
until the COVID| |||||restrictions
were implemented.
The Chair and other trustees have,| |||||where possible, visited many ofthese colleges during the reporting
year| |||||to recognise and reward fundraising
efforts at local level.| |||||The MLT has made grants to young people
in crisis where need has| |||||beenbothevidentandu
ent. Inadditiontothis
thechari
has| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||YEA|R ENDED 31|JUI Y2!02|1||| |---|---|---|---|---|---|---| |||||Year Ended|Year Ended|| |||||31July 21|31|July 20| |||6||6||6| |||Unrestricted|Reso.icted|Total||Tots I| |Receipts||||||| |Donations||9,329||9!329||18,399| |Loan repaid||1,349||. 1,349||| |Charity
Event|Income|2,200||2,200||16,523| |Fundralslng
Income||10,712||10,712|23,982|| |Bank Interest||||||1| |Total receipts||23,590||~23590|58,906|| |Payments||||||| |Grants payable||23,360||23,360|19,074|| |Loan payable||1,349||1,349||| |Charity
events|costs|10,421||10,421||3,554| |Fundraising
Costs||455||455||474| |Travel Expenses
Accountancy
Fees||193||193||1,075
1,140| |Professional
fees||||216||216| |Total payments||||35,994|25532|| |Net increase l(decrease) in cash||||||| |forthe year||(12,404)||(12,404)|33,374|| |Transfers between funds||||||| |Cash funds
brought|forward|61,334||6'l,334|27,960|| |Cash funds carded|forward|!
48930||48,930||| ## ## ## ##