| CONTENTS | PAGE | |
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| Trustees annual report |
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| Independent examiner's |
report | |
| Receipts and payments | account | |
| Statement ofassets and | liabilities | |
| Notes to the accounts |
| TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31JULY 2022 |
TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31JULY 2022 |
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| Names and addresses ofadvisers (Optional information) |
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| Type of Name |
Address | ||
| adviser | |||
| Name ofchief executive or names ofsenior staff members (Optional information) |
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~ ~ 0 0 |
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| Description ofthe charity's trusts | |||
| Type ofgoverning document |
Constitution | ||
| How the charity is constituted |
Trust | ||
| Trustee selection methods | Appointed by consensus |
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| Additional governance issues (Optional information) |
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| You may choose to include additional 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 3-year tenure as required |
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| ~ policies and procedures |
by the Governing Document. |
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| adopted for the induction | |||
| and training oftrustees; |
Trustee meetings are held 3 monthly with video Ifnk facilities |
where | |
| the charity's organisational structure and any wider |
locations allow for this. Detailed minutes are produced within Trustee meetings. |
2weeks | of |
| network with which the charity works; |
Due to the previous Covid-19 restrictions, the meetings held September 21 and Jan, Mar and Jun of22were held virtually |
in using the |
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| ~ relationship with any related parties; |
MS Teams facility. The December 2021 meeting was held in person, in Newport, Gwent. These virtual meetings have proved to be so successful |
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| ~ trustees' consideration of major risks and the system |
that the board decided to hold all meetings in this fashion apart from one physical meeting per year which would be considered an AGM. |
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| and procedures to manage them. |
Financial risk is reduced by the establishment ofa minimum 220,000.Any short-term reductions below this figure require |
balance Board |
of |
| approval. There were no approvals for funding that would drop below |
the | ||
| minimum balance 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 |
Summary ofthe objects charity set out in its governing document |
ofthe | To act as a resource for young people up to the age of30who are current Learners, graduates or apprentices at the Motivational Preparation College for Training (MPCT) by providing advice and assistance and organising programmes ofphysical, educational and |
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| other activities as a means of: | |||||
| Advancing in life and helping young people by developing their |
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| skills, capacities and capabilities to enable them to participate in |
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| society as independent, mature and responsible individuals; |
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| Advancing education; |
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| Relieving financial hardship; |
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| Relieving unemployment; |
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| Providing recreational and leisure-time activity in the interests of |
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| social welfare for people living in the area of benefit who have |
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| need by reason oftheir youth, age, infirmity or disability, poverty |
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| or social and/or economic circumstances. This is with a view to |
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| improving the conditions and the iife ofsuch a person. |
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| Summary | ofthe main | The Motivation 8 Learning Trust (MLT) has continued to engage in a |
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| activities | undertaken | for | the | significant fundraising strategy in order to ensure solvency and offer |
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| public benefit in relation | to | support to those who are entitled toaccess grants under the constitution |
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| these objects (include within this section the statutory |
ofthe charity. Relief of hardship and improvements in Learner mental health are now a major focus, especially as the effects ofthe Covid |
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| declaration | that trustees | have | restrictions become apparent. For a large part ofthe reporting period |
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| had regard | to the guidance | these restrictions have severely curtailed fundralsing activities. However, |
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| issued by | the Charity | regular donations and some fundraising from MPCT Staff has ensured |
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| Commission | on public | that the charity has not suffered financial hardship. MPCT staff will run |
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| benefit) | fundraising activities in September 22 and will be reported in the next |
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| period. | |||||
| In addition to the government's strategy ofproviding IT support to allow |
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| classes to be held online, our charity donated f25,000 towards MPCT's | |||||
| "No one gets left behind" campaign in the last reporting period. This was |
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| to purchase Laptops for use by Learners who, for whatever reason, did |
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| not qualify for government support. These devices continue to be |
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| supported by the IT Dept of MPCT and are cleansed and re-issued as |
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| necessary. | |||||
| The Chair and other trustees have, where possible, visited many MPCT |
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| colleges during the reporting year to recognise and reward fundraising |
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| efforts at local level. Award Ceremonies were held in Birmingham, |
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| Newcastle, Manchester, London and Cardiff during the period. |
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| The MLT has made grants to young people in crisis where need has |
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| been both evident and urgent. In addition to this, the charity has |
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| continued to enrich the learning ofyoung people with the aim of |
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| developing the individual as a whole. The MLT has also continued to fund |
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| activities such as offshore sailing, enhancing self-confidence, team |
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| building and self-worth. The MLT Welfare Trustee, with limited financial |
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| authority has, in conjunction with the MLT Finance Trustee, proved |
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| effective ln a rapid deployment offinancial support to Learners in need. |
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| MPCT Centre Staff now have a proven and timely process to facilitate | |||||
| this rovision. Two interest free loans have been ranted to allow |
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a a r t ~ ~ |
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| Our support of MPCT's "No One Gets Left Behind" | campaign | to supply | |||||
| Laptops for Learners was a significant achievement |
and we | were | |||||
| fortunate to have the funds available asa result of |
last year's | cancelled | |||||
| Battlefield tour. MPCT continue to use the devices | to enhance | remote | |||||
| learning and have demonstrated that they can run |
virtual remote training | ||||||
| should another emergency arise. |
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| Welfare support to Learners continued throughout |
the period | and I |
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| commend to you the performance ofour Welfare and Finance |
Trustees | ||||||
| who ensured that, despite the difficulties ofCovid, |
no deserving case | ||||||
| requiring financial support went unsupported. |
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| The MLT maintains a reserve of820,000. |
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| Brief statement ofthe |
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| charity's policy on reserves |
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| Details ofany funds | materially | ||||||
| in | deficit | ||||||
| Further financial review details |
(Optional information) |
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| You may choose to include additional information, where relevant about: ~ the charity's principal |
RICOH UK and Wedge Galvanising have provided ongoing corporate financial support during the period. We recognise and greatly appreciate their support. |
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| sources offunds | (including | Repeat regular donations and MPCT Staff fundraising has covered the |
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| any fundraising); | outgoings in welfare support. Having no salaried staff as an |
overhead | |||||
| ~ | how expenditure has supported the key objectives ofthe charity; |
has meant we have fared much better than other similar charities during the COVID crisis. They have continued to provide valuable support during this period. |
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| ~ | investment policy |
and | |||||
| objectives including |
any | ||||||
| ethical investment | policy | ||||||
| adopted. |
| Year Ended | Year Ended | |||||
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| 31July 22 | 31July 21 | |||||
| 6 | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Receipts | ||||||
| Donations | 8,120 | 8,120 | 9,329 | |||
| i oan repaid | 1,349 | |||||
| Charity Event income |
28,936 | 28,936 | 2,200 | |||
| Fundraising Income |
16,436 | 16,436 | 10,712 | |||
| Total receipts | 53,491 | 53,491 | 23599 | |||
| Payments | ||||||
| Grants payable | 26,464 | 26,464 | 23,360 | |||
| Loan payable | 1,349 | |||||
| Charity events costs |
17,571 | 17,571 | 10,421 | |||
| Fundraising Costs |
855 | 855 | 455 | |||
| Trawl Expenses | 605 | 605 | 193 | |||
| Oflice Expenses | 656 | 656 | ||||
| Accountancy Fees |
2,280 | 2,280 | ||||
| Professional fees |
216 | 216 | 216 | |||
| Total payments | 48,646 | 48,646 | 35,994 | |||
| Net increase I (decrease) | in cash | |||||
| for the year | 4,845 | 4,845 | (12,404) | |||
| Transfers between funds |
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| Cash funds brought |
forward | 48,930 | 48,930 | 61,334 | ||
| Cash funds carried | forward | 53,775 | 53,775 | 45,930 |
| 31July | 31 July | |||||
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| 2022 | 2021 | |||||
| f. | ||||||
| Assets: | ||||||
| Cash funds | 53775 | 48,930 | ||||
| Representing | balances on the following: | |||||
| Unrestricted | funds | Note | 1 | 53,775 | 48,930 | |
| Restricted | funds | Note | 2 | |||
| 53,775 | 48,930 |