MOTIVATION AND LEARNING TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Charity Number 1155810 CARSTON ETL Chartered Accountants 1st Floor, Tudor House 16 Cathedral Road Cardiff CF11 9LJ MOTIVATION AND LEARNING TRUST FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 CONTENTS PAGE Trustees annual report Independent examinevs report Receipts and payments account Statement of assets and liabilities Notes to the accounts MOTIVATION AND LEARNING TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 JULY 2024 Section A Reference and administration details Charity name Motivation and Learning Trust Other names charity is known by MLT Registered charity number (if any) 1155810 Charity's principal address MPCT House, Oaktree Court Mulbery Drive, Cardiff Gate Postcode CF23 8RS Names of the charity trustees who manage the charity Trustee namè Office111 any) Dates acted If not for whole year Name of person lor body) entitled to appoint trustsa lif Lt Colonel Marvin (Mannyl Manfred H Moores Chair Board of Trustees Vice Chair E Lambert Finance Trustee Welfare Trustee S Williams J Trinder E Saville Major John Charles S Bridle SF Ladbrooke D Smith G Blewitt OBE 12 S Hudd 13 L Sims 14 15 Name H Lewis MBE Datss acted if not for whole Resigned Dec 23 Resigned Dec 23 ear S Foot MOTIVATION AND LEARNING TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JULY 2024 Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior stsff members (Optional infomiation) Section B Structure, overnance and mana ement Description of the charity's trusts Constitution Type of governing documènt How the charity is constituted Trust Trustee selection methods Appointed by consensus Additional governance issues (Optional information) The Chair of trustees with the support of the board of trustees 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 of their 3 year tenure as required by the Governing Document. You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees- the charity's organisational structure and any wtder network with which the charity works., relationship with any related parties. trustees, consideration of major risks and the system and procedures to manage them. Trustee meetings are held 3 monthly with video link faciltties where locations allow for this. Detailed minutes are prodU￿d within 2 weeks of Trustee meeb'ngs. As a result of successful Virtual Meetings and confirmation by the Board, meetings are, with the exception of one meeting which will be considered the AGM, now held virtually using MS Teams facility. The December 2023 meeting was held in person, in Newport, Gwent. This meeting was planned to coincide with a Learner Christmas Lunch. financially supported by our charity. This allowed those Trustees present to witness practical eviden￿ of our financial supporL including the benefits to learners at first hand. Our Main sponsors remain RICOH UK and Wedge Galvanising Group. Financial risk is reduced by the establishment of a minimum balance of £20,000. Any short term reductions below this figure require Board approval. There were no approvals for funding that would drop below the minimum balan￿ during this reporting year. MOTIVATION AND LEARNING TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JULY 2024 Section C Ob"ectives and activities Summary of the objects ofthe charity set out in its governing document To act as a resour￿ ft)r young people up to the age of 30 who are current Leamers. graduates or apprentices at the Motivational Preparation College for Training {MPCT) by providing advice and assistance and organising programmes of physical, educational and other activities as a means of". Advancing in lrfe and helping young people by developing their skills. capacities and capabilities to enable them to parkncipate in society as independent, mature and responsible individuals- Advancing education.. Relieving financial har(Iship- Relieving unemployment.. Providing recreational and leisure-time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social andlor economic circumstsnces. This is with a view to improving the condtiions and the life of such a person. Summary of the main activities undertaken for the public benefit in relatlon to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The Motivation & Learning Trust {MLT) has continued to engage in significant fundraising strategy in order to ensure 501vency and offer support to those who are entitled to access grants under the constitution of the charity. Relief of hardship and improvements in Learner mental health are now a major focus. sin￿ the acquisition of our supported organisation by Learning CuNe Group (LCG), there has been an expansion of MPCT Centres. Currently there are 39 Centres and the long term aim is to establish up to 60 centres throughout England & Wales. This wll lead to an increase in Learner numbers and those that are eligible for financial support. The Board recognises this challenge and are working to increase fundraising activities to address the anticipated shortfall. During the reporting period a Memorandum Of Understanding (MOU) was signed wth LCG providing reassurance that MPCT Centres would fundraise through physical activits'es such as log-runs and similar activities. The Chair and other trustees have. where possible, visited MPCT colleges during the reporting year to recognise and reward fundraising efforts at local level. Award Ceremonies are no longer held at centres but similar acts-vities are held to raise the profile of MPCT ir) the local areas. The Chair made several vis(ts to Centres 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 leaming of young people wrth the aim of developing the individual as a whole. The MLT has also continued to fund activtties such as offshore sailing. adventurous training and enhancing self-confiden￿. team building and self-worth. The MLT Welfare Trustee, with limited financial authority has, in conjunction with the MLT Finance Trustee, proved effective in a rapid deployment of financial support to Leamers in n*d. MPCT Centre Staff now have a roven and timel rocess to facilitate this rovision. A MOTIVATION AND LEARNING TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JULY 2024 further kn interest free loans have been granted dunng the period to allow disadvantaged Learners to apply for citizenship and UK passports which are required for Military Servi￿. The trustees confimi that they have complied wtth the duty in Section 4 of the Charlties Act 2006 to have due regard for the Charity Commission's guidance on public benefit when reviewing the aims and objectives and in planning future activities. Additional details of objectives and activities {Optional infomiation) You may choose to include Several local or community organisations have made donations to MPCT further statements, where Colleges and it is clear that the aim was to benefit Leamers from that relevant, about.. particular location or gec#3raphical area. The decision reached was that. policy on grantmaking- where this took place. it was understood that up to 50 /0 of the local donation would be utilised for the benefit of that local college and 500/0 policy programme related would be paid into the general fund, against which the college involved investment., could bid against for welfare assistance or other bids. To date, this policy contribution made by has proven to be ac￿ptable to donors. volunt*rs. Section D Achievements and performance Summary of the rnain achievements of the charity during the year Unfortunately, our Annual Gala Dinner planned for 22 Jun 24 was cancelled due to a poor response. Thankfully, very little was expended and we are hopeful that the event can be staged again in 2025. A very successful joint MLTIRICOH UK Golf Day was took place in August of the reporting year. Over 100 players took part in the event held on the 2010 Ryder Cup Course at The Celtic Manor Resort in Newport. As our major sponsor, RICOH UK has demonstrated their continuing support for our Charity. A Joint MPCTIMLT Scholarship Fund was previously in place but has now been suspended, as those previously in the scope for financial support are now covered by other schemes already in place wÈth LCG. The Board of Trustees agreed to hold the scheme in abeyan￿ to ensure altemative funding continues to be available. Welfare support to Leamers continued throughout the period and I commend to you the performance of our Welfare and Finance Trustees who ensured that, no deserving case requiring financial support went unsupported. Our charity continues to support Chnstmas lunches at Military Preparation college centres. Specifically, the Trustees held their December meeting in Raglan Barracks, where the Newport Centre is based. Staff and Trustees served lunch to Leamers and parents and this lunch was part fijnded. These arrangements are repeated each year and have proved very popular. MOTIVATION AND LEARNING TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JULY 2024 Section E Financial review The MLT maintains a reserve of £20,000. Brief statement of the charity's policy on reserves Details of any funds materially in deficit Further financial review details {Optional information) You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising}- how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. RICOH UK and Wedge Galvanising have provided ongoing corporate financial support during the period. We recognise and greatly appreciate their supporL As a result of the MOU signed with MPCT and LCG there has been a significant increase in fundraising by centres. This has allowed the Board to provide increased funds for activities that fall wthin our Aims & Charter. Repeat regular donations and MPCT Staff fundraising has covered the outgoings in welfare support. Having no salaried staff as an overhead has meant we have fared much better than other similar charities during the period. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) Full name(s) Position (eg Secretary, Chair, etc) Marvin Manfred Chair of Trustees Date ylql2&4- MOTIVATION AND LEARNING TRUST INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES YEAR ENDED 31 JULY 2024 I report lo the charity trustees on my examination of the accounts of the chanty for the year ended 31 July 2024 which are set out on pages 7 to 9. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Chartties Act 2011 ('the Act?. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){bl of the Act. Independent examinerfs statement I have completed my examination. l Gonfirm that no material mauers have come to my attention in connection with the examination giving me cause to believe that in any material respect.. a¢¢ounting records were nol kept in ￿SpeCt of the char¢ty as required by sectron 130 of the Act; or the accounts do not accord with those records 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 understanding of the accounts to be reached. FaTzana Ahmed ACCA Independent Examiner 111 Floor, Tudor House, 16 Cathedral Road Cardiff CF11 9U 2710512025 MOTIVATION AND LEARNING TRUST RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 JULY 2024 Year Ended 31 July 24 Year Ended 31 July 23 Unrestricted Restricted Total Total Receipts Donations Charity E￿nt Income Fundraising Income 3,595 21,350 24,500 3.595 21,350 24,500 3,630 21,996 12,325 rol31 raceipts 37.951 Payments Grants payable Charity e*nt5 Costs Fundraising Costs Tra￿1 Expenses Office Expenses Accountancy Fees Professional fees 20,579 18.S29 1.201 20.579 18.529 1.201 600 72 1,320 216 32.7C(J 7.915 1.625 720 1,320 216 216 Total payments 42,517 42.517 43,176 Net Increase l (decrease) In ￿sh for th8 year 6,927 6,927 (5,225) Transfers bet*n funds Cash fvnds brought foThvard 48,550 48,550 53,775 Cash fund$ carried forward 55,4Tr 55,477 48,550 MOTIVATION AND LEARNING TRUST STATEMENT OF ASSETS AND LIABILITIES YEAR ENDED 31 JULY 2024 31 July 2024 31 July 2023 Assets: Cash fvnds $5,477 48,550 ReprÈ*nting balances on the following". Un￿tricted fijnds Note 1 55,477 48,550 55.477 48,550 These financial statements were approved by the members of the committee and authorised for issue on the . ..>..I s l. 202£nd are signed on their behalf by: ..Trustee EmffiA LAY￿e%L.T. Name MOTIVATION AND LEARNING TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 JULY 2024 NotÈ 1. Unre*icted Funds Balance at 1 Aug 2022 Balance at Tra nsfer$ 31 Jul 2023 Income Expenditure General Funds 48,550 49.445 42,517 55,477 Balance at 1 Aug 2021 Balance at Transfers 31 Jul 2022 Incomè Expenditure General Funds 53.775 37.951 43.176 Note 2. Rèlated Partiesand Transactloh'gwlth Trustees Income includes donations and fijndrdising income totalling £1,012 from 2 tTU$tees. One trustee, M Manfred, claimed reimbimsement of traNel and other expenses totalling £415.