2024-03-31-accounts - The Pendsey Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

Profit and loss account for The Pendsey Charity for the year ended 31 March 2024

A1Charitable Donatons Receipts	£ 53,482.40
A1Charitable Donatons to Partner Charity	(£ 53,000.00)
Gross income	£ 49,738.92
Administratve Expenses	£ 0
A3 Bank charges	(£ 482.40)
(£ 482.40)
Retained at year end	£ -3,743.48

Notes:

A2 No Income was raised through the sale of assets held by the Pendsey Charity or any investments held by the Pendsey Charity

A3 All purchases have been for the sole purpose of raising funds for the Pendsey Charity and there has been no personal gain from the in the use of monies spent on behalf of the Pendsey Charity

A4 No purchases of investments, fixed assets, loans or loans repaid to an external funder were made by the Pendsey Charity during the course of the year

Balance Sheet for The Pendsey Charity for the year ended 31 March 2024

Bank Balance	Dr
Cr B/fwd 31 March 2023	£ 10,406.12
Retained at year end	(£ - 3,743.48)
B1C/fwd 31 March 2024	£ 6,662.64
Notes:

B2 There are no other monetary assets owned by the Pendsey Charity

B3 There are no other investment assets owned by the Pendsey Charity

B4 There are no assets retained for the sole use of the Pendsey Charity

B5 There are no liabilities owed by the Pendsey Charity

Balance Sheet for The Pendsey Charity for the year ended 31 March 2024

Bank Balance	Debit	Credit
B/fwd 31 March 2023		£ 10,406.12

Income in year £ 49,738.92 Expenses in year £ 53,482.40 B1 C/fwd 31 March 2024 £ 6,662.64

Notes:

B2 There are no other monetary assets owned by the Pendsey Charity

B3 There are no other investment assets owned by the Pendsey Charity

B4 There are no assets retained for the sole use of the Pendsey Charity

B5 There are no liabilities owed by the Pendsey Charity

The Pendsey Trust

Report of the Trustees

For the year ended 31 March 2024

Aims and Activities

The aims of the charity are:

To raise awareness of deprivation by diabetes for individuals living in poverty,
To alleviate deprivation by provision of access to educational opportunities with the aim of enabling these individuals to enter employment.
The provision of resources required by these individuals to enable their participation in such opportunities including access to medical care and treatment.

What the charity does:

Education/ training
The advancement of health or saving of lives
The prevention of relief of poverty
Overseas aid/ famine relief

Who the charity helps:

Children/ young people
Other charities of voluntary bodies
How the charity works:
Makes grants to organisations
Provides advocacy/ advice/ information

Public Benefit:

In setting objectives, planning for activities and delivering those activities, the trustees have had regard for, and given due consideration to, the general guidance published by the Charity Commission relating to public benefit.

The activities taken to benefit the public have been those of the provision of education and funding for medical care with the intention of the relief of poverty.

Activities

The activities undertaken during the period 2023/2024 were delivered in conjunction with our local partner, DREAM Trust in Nagpur. DREAM Trust is registered as a charitable organisation in India (Registration Number E-1413). Every year the accounts of DREAM Trust are audited by chartered accountants, and submitted to the Charity Commissioner and Income Tax Department in India. The Trust was formed in 1995 with the aim of offering complete care to those with Type 1 diabetes living in poverty.

The Trustees are confident that DREAM Trust’s aims are entirely in alignment with our own, and that they have an outstanding level of local knowledge and competency to enable them to delivery our own aims.

Below are our key activities from this period.

Sponsor programme

Our sponsor programme has remained consistent with the figures carried forwards from our previous report in 2023. The funding provided by these sponsors is ring-fenced to be used by our local partner, DREAM Trust, to provide insulin and medical care for specific named children. These children are financially assessed and waitlisted in order of priority by the local clinic in India.

Educational scholarships

The charity remained committed to providing educational opportunities for the young people at the clinic during this period. This is with the intention of enabling these individuals to eventually enter employment which will allow them to afford their own medical costs.

During the time period in question, we educational scholarships were provided to young people to enable them to attend school, college, or further study. Young people who wished to receive a scholarship had to make an application in writing, and provide receipts to demonstrate that the funding had been made to a place of education.

Travel allowance

In order to ensure that individuals were not barred from undertaking educational opportunities by an inability to afford the cost of transport to their closest place of study, we provided travel allowance to four individuals during this time period.

Small business grants

For some young people at the clinic, the most effective way to ensure that they reach financial independence is to support them in establishing their own small business through our grant programme. The individuals must write a business plan, including researching suitable premises where needed and providing preliminary figures for the costs of items needed to start the business. They must also provide a portion of the money needed themselves, to a level deemed appropriate by DREAM Trust. If their application is approved, they are mentored by local

businesspeople. We will also provide secondary grants if this is deemed necessary to ensure the success of the new business.

Emergency Medical Aid

Where necessary, we will provide emergency funding to enable young people at the clinic to remain in good health.

Projects

Given postal issues in India with gifts sent by sponsors, we have created a new system where sponsors send gifts directly to the clinic using Amazon which are then distributed by clinic staff. We are currently happy with this system, but will keep this under review.

Dr Sharad Pendsey, founder of DREAM Trust, our local partner clinic, tragically passed away after a period of ill health. This has been a very difficult period, and his son Sanket has taken over the running of this amazing clinic. Future projects are under way, including Raise a Glass on his birthday in our next calendar year.

No special projects have taken place during this year.

Future Plans

Memorial projects for Sharad Pendsey.
The priority continues to be for the charity to stabilise and ensure that it remains aligned to its vision of sustainability. There are therefore no plans to grow the Sponsor Child programme, given we already have such a large number of children sponsored.
The charity hopes to begin fundraising events soon.
The trustees agree that the charity website needs further refreshing and updating each year, and this will, again, be a target of continuation again over the year.

Structure, Governance and Management

The charity is a Charitable Incorporate Organisation (CIO) registered on 25[th] July 2014.

Recruitment and appointment of new Trustees

The trustees may appoint a person who is willing to act as a trustee. The recruitment of trustees would come from contacts approves by the existing trustees.

Induction and training of new Trustees

The training and induction provided for new trustees will depend on their existing experience.

Reference and Administrative Details Registered Charity Number: 1158007

Registered Office:

48 Church Lane Bardsey Leeds, LS17 9DS

Trustees

L Todd C Todd C Laycock P Green J Fox

Bank: TSB

Approved by Order of the Board of Trustees on ............. and signed on their behalf by:

Polly Green