ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1159158
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Independent Examiner's Report |
| Page 7 | Statement of Financial Activities |
| Page 8 | Balance Sheet |
| Pages 9 to 16 | Notes to the Financial Statements |
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1159158
DATE OF REGISTRATION
DATE OF REGISTRATION 11th November 2014 START OF FINANCIAL YEAR 1st April 2022 END OF FINANCIAL YEAR 31st March 2023 TRUSTEES AT 31ST MARCH 2023 Catherine Whittingham Nick Whittingham Carol Bailey Jennifer Edwards Anna Seabourne Hilary Fisher Mark Andrews Rosaleen Hird Michael Wilcock Mark Andrews
LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 11th November 2014
OBJECTS
1 . To promote the benefit of the habitants of the former urban district of Mirfield and surrounding area, in particular young persons without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together with the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education, and provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants; 2 . To establish , or secure the establishment of, a community centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
INDEPENDENT EXAMINERS
Mirfield Community Centre Water Royd Lane Mirfield WF14 9SG NatWest Bank Plc Dewsbury West Yorkshire WF13 1EA Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023
Objectives and Activities
To promote the benefit of the inhabitants of Mirfield and surrounding areas, in particular young persons without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together with the inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education, and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life. To establish, or secure the establishment of a community centre and to maintain and manage it (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
The Charity runs the Mirfield Community Centre, a 100 year old building that was previously a school. The building was acquired by MCT in 2018 from the local authority. Rooms are hired out to local groups to facilitate a variety of activities, including - Exercise, dance, martial arts, arts and crafts, education, children's support groups, adult support, dementia support, parent and toddler support, dog training, and coffee mornings and a variety of other groups. The Centre is used by a wide range of users.
The building is also used as a polling station for local and national elections.
MCT also owns some land that is part field and woodland. This land was part of the Gilder Hall estate, which was bequeathed by Anne Robinson in 1912 to the youth of Mirfield. Under Council ownership the buildings became disused and were demolished in 2004. The land was registered to Kirklees Council in 2006 and transferred to MCT in 2008. The land is currently used by a Junior Football Club for their younger age group teams. The Charity is in the process of writing a development plan including plans for this land. The plan outlines running a consultation with local residents, asking for there input on what the Gilder Hall land can me used for. We hope to set up a “Friends of the Gilder Hall Woodland” in which volunteers would help to maintain the area. We plan to apply for grants so that the Charity can enlarge the woodland area, put in paths and turn a section of it into a wildlife area for the residents of Mirfield.
Achievements and Performance
The Community Centre building has been maintained during this period with essential maintenance carried out as required. We developed plans both to re-open the centre after the Covid period and to put in place a funded program of improvements which started in 2022 with replacement of the heating system and improvements to toilet facilities. Further funding was secured and we have been able to create a new commercial grade kitchen along with a social area which was completed in March 2023.
We have welcomed back groups to the Community Centre and were pleased to be able to run the Xmas Fair in November 2022. A 'Showcase' event was planned and held in April 2023 to open the Kitchen and publicise the Centre, the groups that use it, and other local charities. The kitchen was formally opened by the Mayor.
We commissioned a new logo and advertising material, posters, and flyers to publicise the Centre.
The Gilder Hall land has remained available for youth football when permitted. We continue to work on plans to extend access for youth sport as well as making environmental improvements to the woodland area.
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MIRFIELD COMMUNITY TRUST (Chartlab IrKorpy)rated Organisatwjnl TRUSTEES. ANNUAL REPORT IContinu•dl FOR THE YEAR ENDED31ST MARCH 2023 Addltltsnal Gov•rnan¢• ls¥u•s are t rdtles aThJ (kxuments that al Intstees re&J aThJ agree to 1 were rewritten in 2019 aThJ are now revlewed annually. TIre Is a $pecWt Trustee re$rtle lor each rKALy. cLe of Behaviour PICY Confllcl of Interest P(4ty Equality and OIv8rsity PrAY and Pr(Kdwe Finance Policy and Prccedur8 GDPR Policy HeaKh and Safely Pdlcy and Prlxedu Safeguarijirp PoIY and Pr(tedure Vdunt88ring PrAY PrrKedur8 RespEcl Policy Tfrrms and condons of Hlre ol r Flnanclal R•vl•w Thg of the Charity 18 that u$h reser8 will cover Ihree 8ix mlh8 oper8tYvJ cost$ b889(l on comp8ri8on with annual budget. The Trustees wlll be mlThJlul that the Community Cenlrts bulrliNJ may require sKJThftant maintenanch trom tlm& lo tlm& It.g. new rwf) arnl may designate Speerf additK)nal r$ as required. Curfethty £30,000 is desNJnated as 8 general r8serv8. The princlpal source of fundraNng 15 Vkq the hiriThJ ol rccffjs to hxal grouF6. chariis, buSIsseS and corporate bodies and th8 Iccal authority. The Charity has a150 rec8iV8d grants Irorn Lc1 Authority to run the childr8n'5"Healthy Holidays Club". Thi8 irKorne has b8en 58verety redLf8d duriry th8 year as a result of Covid 19 r8slrKlions, but thi5 bss of irOrn0 has b8en offsel by support grants rteefved and overall tyjr irtomè r•mair Similar io Llst r. The Charity a180 receives a small am¢nI of ea¢h year the fwtb81 dub that hlres the GIKr Hall lond. Th covers the ¢ost of having the grass cut. Tru•tM8' R•41on•lblllths The Charities Act 2011 require the tru5tee5 to prepare fin8ra1 statemeThts for each financial year which giv8 a true and fair view of the stale of affairs of the CIO and of the surplus of CIO lor that FerKé. In weparing those financial 5taternents the tru8tees are required to.. . Secl suitat4e ac¢ouniiry kxlties a1 aPK consistently . Make jWment$ and eslimales that a wsonatAe aThY pwdent . Prepare finala1 ststeThnts on the gc¥wJ CCern bg5i5 unK855 it 18 inapproFfi?18 to presurn8 that the CIO will Contin in existence. The trustees are respM8ible lor keepirrfJ proper acClnIK records. which dCk)Se wrth reasonatrA8 accuracy al any lime th8 finarla1 positi( of the CIO. They are also responsitrAe for safeguarding th8 assets of th8 CIO and he takiry rea80nab18 st8ps for lh8 prevention and d818CtJn of fraud aTrJ othef irr8guLqril& Apprtsved by the Trustees on..........24th.January.2n24...... Sne on t[r behalf by Trustee ..................................... Printed Name.. N E WHITTINGHAM
MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Mirfield Community Trust on the accounts for the year ended 31st March 2023 set out on pages 7 to 16.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 29th January 2024
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Activities for Generating Funds 3b Other Incoming Resources 3c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 65,412 - 65,412 31,356 26,057 - 26,057 21,634 292 - 292 177 91,761 - 91,761 53,167 107,913 6,380 114,293 29,956 800 - 800 1,162 108,713 6,380 115,093 31,118 (16,952) (6,380) (23,332) 22,049 234,142 10,683 244,825 222,776 217,190 4,303 221,493 244,825 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 16 form part of these financial statements.
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MIRFIELD COMMUNITY TRUST {charitab IrKorwrated Organi%atwJnl BALANCE SHEET AS AT 31ST MARCH 2023 Unresttthd Restrthd FurKI$ FurKI$ Total 31-MaTr23 Ttstal 31-Mar•22 Flxed Asset$ Tangib Assets Inve5tment5 Total Flxed Assots 217,¢XKI 217,1KlO 223,500 217,000 217,000 223,500 Current Aisets Debtor5 & Prepayrnents Cash at Bank in Hand Totsl Currollt A•wts 411 39.632 40.043 411 43.935 44.346 411 75.732 76.143 4.303 4.303 Crltor•.' Arrounts ¢ue wrthin or* year 12.048 12,048 14,783 NET CURRENT ASSETS 27.995 4J03 32,298 61,360 TOTAL ASSETS less current liabille$ 244.995 4.303 249.298 284.860 Cradltorn.. Loro Term Liqbllttig¥ 10 27&)$ 27,805 40,035 NET ASSETS 217.190 4,303 221.493 244.825 Fund• olth• Charlty Gera1 Funés Restricted Fund$ 217.1 217,190 4,303 234,142 10,683 4x13 Total Fund• 217.190 4.303 2Z1,493 244.825 Apprtsved by thè Trustoe$ on.........24th.January 2024....... SvJne(l on t11r beholf by Trustee .. Printe(l Name.. N E WHIThINGHAM
MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment 25% - Reducing Balance Basis Capital Improvements 10% - Straight Line Basis
Amortisation
No amortisation is charged to freehold Land and Buildings as the Land and Buildings is maintained to such a standard that the estimated residual value is not less than cost.
Changes in Accounting Policies and Methods of Accounting
There has been no change to the accounting policies (variation rules and methods of accounting) since last year.
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-22 Additions Net Book Value at 31-Mar-23 Depreciation 01-Apr-22 Charge Depreciation at 31-Mar-23 Net Book Value 31-Mar-23 Net Book Value 31-Mar-22 |
Land & Gilder Hall Capital Total Building Land Improvements 2022/23 £ £ £ £ 150,000 15,000 65,000 230,000 - - - - 150,000 15,000 65,000 230,000 - - 6,500 6,500 - - 6,500 6,500 - - 13,000 13,000 150,000 15,000 52,000 217,000 150,000 15,000 58,500 223,500 |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2023 : None
31st March 2022 : None
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations Grants Received b) Activities for Generating Funds Centre Hire c) Other Incoming Resources Sundry Income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 106 - 106 9,506 65,306 - 65,306 21,850 65,412 - 65,412 31,356 26,057 - 26,057 21,634 26,057 - 26,057 21,634 292 - 292 177 292 - 292 177 |
|---|---|
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Depreciation Expense Fundraising Costs Insurance Costs Kitchen Project 5 Office Costs Rent & Rates Repairs & Maintenance Staff Costs 12 Sundry Expenses Utility Costs ` b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 6,500 - 6,500 6,500 454 - 454 1,725 3,723 - 3,723 3,450 - 6,380 6,380 - 632 - 632 808 70 - 70 553 84,416 - 84,416 6,728 2,600 - 2,600 2,600 159 - 159 - 9,359 - 9,359 7,592 107,913 6,380 114,293 29,956 800 - 800 700 - - - 462 800 - 800 1,162 |
|---|---|
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Community Garden Fund Kitchen Project |
Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ 4,303 - - - 4,303 6,380 - 6,380 - - 10,683 - 6,380 - 4,303 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Community Garden Fund Kitchen Project |
Balance Balance 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ 1,603 2,700 - - 4,303 - 6,380 - - 6,380 1,603 9,080 - - 10,683 |
|---|---|
Restricted funds are wholly represented by the charity's cash reserves and are to be expended as specified above.
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial period.
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 39,632 4,303 43,935 75,732 39,632 4,303 43,935 75,732 Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 411 - 411 411 411 - 411 411 |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees Loans Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 800 - 800 700 5,380 - 5,380 - 5,868 - 5,868 14,083 12,048 - 12,048 14,783 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
| Key Fund Loan | Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 27,805 - 27,805 40,035 27,805 - 27,805 40,035 |
|---|---|
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Mar-23 31-Mar-22 £ £ £ £ 217,000 - 217,000 223,500 27,995 4,303 32,298 61,360 27,805 - 27,805 40,035 217,190 4,303 221,493 244,825 |
|---|---|
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MIRFIELD COMMUNITY TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
12. STAFF COSTS AND NUMBERS
| TOTAL 2022/23 £ Gross Wages and Salaries 2,600 Employer's National Insurance Costs - Pension Contributions - 2,600 Employees who were engaged in each of the following activities: TOTAL 2022/23 Activities in furtherance of organisation's objects 2 |
TOTAL 2021/22 £ 2,600 - - - TOTAL 2021/22 2 |
|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff. The Charity also employs self employed staff and no employees received emoluments in excess of £60,000. (2021/22:None)
13. TRUSTEES AND OTHER RELATED PARTIES
During the financial year Ms. S Fisher (Daughter of Trustee Mrs H. Fisher) received £2,600 (2021/22:£2,893) in salary related payments in her capacity as Youth Coordinator in furtherance of the Charity's objects.
The only other payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees during the financial year.
No other payments were made to the Trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a Trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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