2023-07-31-accounts

NTENTS
		PAGE
stees annual report
ependent examiner's	report
ipts and payments	account
tement ofassets and	liabilities
tes to the accounts

			~ ~ ~
Descri		on ofthe charity's	trusts
	Type	governing document
	How th	charity is constituted
	Tru	selection methods	PPointed by onsensus
Addition		Igovernance issues (Optional information)
You may additions relevant,		choose to include information, where bout:	The Chair oftrustees with the support ofthe board oftrustees continues to carry out an induction programme for all new Trustees prior totheir appointment and during their time with the Trust. Afi Trustee
			appointments are reviewed at the end oftheir 3year tenure as required
~	policie	and procedures	by the Governing Document.
	adopt	for the induction
	and t	ining oftrustees;	Trustee meetings are held 3monthly with video link facilities where
~	the ch struct	rity's organisational and any wider	locations allow forthis. Detailed minutes are produced within 2weeks of Trustee meetings.
	netwo charit	with which the works;	As a result ofsuccessful Virtual Meetings and confirmation by the Board, meetings are, with the exception ofone meeting which will beconsidered
~	relatio relate	ship with any parties;	the AGM, now held virtually using MS Teams facility. The December 2022 meeting was held in person, in Newport, Gwent. This meeting was
~	trust major and p	' consideration of ks and the system cedures to manage	planned to coincide with a Learner Christmas Lunch, financially supported by our charity. This allowed those Truslees present to witness practical evidence ofour financial support, including the benefits to learners at first hand.
	them.
			Financial risk is reduced by the establishment ofa minimum balance of
			220,000.Any short term reductions below this figure require Board
			approval. There were no approvals for funding that would drop below the
			minimum balance during this reporting year.

Summary charity se governin	fthe objects out in its document	ofthe	Toactasa 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 other activities asa 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 orsocial and/or economic circumstances. This is with a view to
			improving the conditions and the life ofsuch a person.
Summary activities public be these obj this secti declaratio had raga issued by Commissi benefit)	fthe main ndertakenforthe ftt in relation to (include within the statutory that trustees have to the guidance he Charity n on public		The Motivation &Learning Trust (MLT) has continued toengage 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. Since the acquisition ofour supported organisation by Learning Curve Group, there has been an expansion of MPCT Centres. The aim isto establish up to60centres around England &Wales and the resulting increase in centres will greatly increase those Learners eligible for financial support. The Board recognises this
			challenge and are working to increase fundraising activities to address
			the anticipated shorffall.
			In addition to the government's strategy of providing ITsupport to allow classes to be held online, our charity donated K25,000towards MPCT's "No one gets left behind" campaign in the last reporting period. This was
			to purchase Laptops for use by Learners who, for whatever reason, did
			not qualify for government support. These devices continue to be supported by the ITDept ofMPCT and are cleansed and re-issued as
			necessary. The charity will monitor such equipment and ensure it is put to best use in benefitting Learners.
			The Chair and other trustees have, where possible, visited many MPCT colleges during the reporting year to recognise and reward fundraising efforts at local level. Award Ceremonies were held in Birmingham,
			Newcastle, Manchester, London, Liverpool and Cardiff during the period.
			The MLT has made grants to young people in crisis where need has
			been both evident and urgent. In addition to this, the charity has
			continued to enrich the learning ofyoung people with the aim of
			developing the individual as awhole. The MLT has also continued to fund
			activities such as offshore sailing, enhancing self-confidence, team
			building and self-worth. The MLTWelfare Trustee, with limited financial
			authority has, in conjuncbon with the MLT Finance Trustee, proved effective in a ra id de lo ment offinancial su ort to Learners in need.

			Year Ended	Year Ended	Year Ended
	f		S1July 23 6	31	July 22 6
	Unmstricted	Restricted	Total		Total
eceipts
Donations	3,630		3,830		8,120
Charity Event Income	21,996		21,998		28,936
Fundraising Income	12,325		12,325		16.436
arl receipts	37,951		~37951		53,491
yments
Grants payable	32,700		32,?00	26,464
Charity events costs	7,915		7,915	17,571
Fundrsising Costs	1,625		1,625		855
Travel Expenses	720		720		605
Oigce Expenses
Accountancy Fees					2,280
Professional fees	216		216		216
ssl payments	43,178		~43176
tincrease I(decrease) in cash
rthe year	(5,225)		(5,225)		4,845
nsfers between funds
sh funds brought forward	53,775		5S,775	48,930
sh funds carried forward			48,550	53,775

				31July	31 July
				2023f	2022f
	ts:
	h funds				53,775
Re	resenging	balances on the following:
Un	tricted funds		Note t	48,550
R	tricted funds		Note 2
					53,775