2022-11-15-accounts - The Friends Of Storey Arms

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

Trustees’ Annual Report for the period

From 16 November 2021 Period start date To 15 November 2022 Period end date

Charity name: The Friends of Storey Arms

Charity registration number: 1159829

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education of students from Cardiff and the Vale of Glamorgan attending Storey Arms Outdoor Education Centre, by supporting the work and development of the centre through: 1. Providing financial assistance to individuals and groups from Cardiff and the Vale, where charges are prohibitive 2. Assisting in the provision of facilities and equipment
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Trustees have, for the public benefit, carried out the following activities during the 2020/21 period: 1) Held an AGM in March 2022 (face to face) covering the following: a) review of FSA activities b) report from Head of Centre (Storey Arms) c) financial report d) election of officers e) any other business 2) Appointed a new web host for FSA website 3) Contributed to the costs involved in the agreed Landscaping project at the Storey Arms Centre (delayed due to pandemic)
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have had regard to the guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	There has been no need to amend the Grant Giving Policy which remains in place as follows: Priorities for support The number of individuals and groups which can be supported is, of necessity, limited to the amount of funds available for distribution in any year. The Trustees have determined that the priorities for funding over the next years will be: • Schools serving socially deprived communities (Informed by school %FSM & WIMD). • Assisting children and young people in attending centre for whom the charges may be prohibitive. Principles • Grants are given in the form of subsidies to groups on the fees charged by Storey Arms. • Only groups of young people from Cardiff or the Vale of Glamorgan are eligible for subsidies. • Maximum amount for any one individual is the full course fee. Grant application process • Subsidies are offered at the point of enquiry about a booking, through discussion with the Head of Centre. • Where a subsidy is granted the booking letter has the statement “with support from the Friends of Storey Arms” included in it. • The trustees are happy to receive requests in writing.
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	Any efforts to recruit more volunteers to help with fund-raising activities for the charity were put on hold due to the aftermath of the Coronavirus pandemic. It is intended that this will be a priority once we resume our activities. The current Honorary Secretary is a volunteer and we thank her for her time and commitment.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Due to additional funding received from elsewhere due to the pandemic, there was no request from the Head of Centre for funds to assist attending pupils and schools. The charity made further funds available (from existing) allowing work to continue on the landscaping project at the Storey Arms Centre. The plans for this project were funded in 2019/20 but work was delayed due to the pandemic. The sale of neck scarves continued to prove very popular amongst visitors, bringing in additional funds.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41	At the AGM we had hoped that we would be able to start up our fund-raising efforts but this did not happen. Most of our Trustees and previous volunteers did not have time to commit to organising any events, due to their own commitments following the pandemic.
Performance of fundraising activities against objectives set	Para 1.41	N/A see above
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	We had hoped to resume our fund-raising activities for the 2021/22 period, following the pandemic. However, due to the impact of the pandemic, our Trustees and previous volunteers found it hard to commit time to fund-raising. Income was therefore limited to membership and incidental donations. With the allocation of some funds towards the landscaping project, this means that we finished the period with a deficit.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Discussion of our Reserves policy is included in each General Meeting, when we look at income and expenditure for the period, allowing scrutiny on a regular basis. A major donation that we received a number of years ago, was given for the use of student assistance and forms the major part of our reserves. We find that we have been able to continue using the additional income previously raised through fund-raising, to cover requests from the centre for equipment and services. Grant making demands are fluid each year and requests are granted/denied based on our account balance at the time.
Amount of reserves held	Para 1.22	Account balance at 15/11/2022 is £46,405.43
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	The charity’s principal sources of funds (including any fundraising)	Para 1.47	Our main income has been limited, once again, by the Coronavirus pandemic and its aftermath. The main source of funds is from membership donations (plus Gift Aid) and miscellaneous donations from members of the public and Storey Arms Centre customers. See published accounts for more detailed breakdown of income.

Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	With the continuing legacy of the pandemic on a personal level for our Trustees and previous volunteers, it is not realistic to rely on the same few people to organise fund- raising activities. We need to commit to a recruitment drive to get people involved again on a practical level. We will continue to look at the opportunities for applying to other grant-making bodies for direct funding which may help in the short term.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by General or Annual General Meeting – nomination and vote
Additional information (optional) You may choose to include further statements		where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	On a rolling programme two of the official posts (Chair, Vice Chair, Treasurer, Secretary) are due for selection/reselection each year at AGM. Appointees do not automatically become a Trustee.

Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	The Friends of Storey Arms
Other name the charity uses	FSA (used internally as a working title)
Registered charity number	1159829
Charity’s principal address	The Secretary The Friends of Storey Arms Storey Arms Outdoor Education Centre Libanus BRECON LD3 8NL

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Aled Morgan	Chair
	Sarah Griffiths	Vice Chair
	Carolyn Cummings	Treasurer
	Lawrence Conway
	David Ludlam
	Rachel Meek
	John Richards
	SallyThomas
	Andrew Meek	Ex-Officio Trustee

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Current Secretary is Claire Beasley – not a Trustee

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
Full name(s) Sarah Griffiths David Ludlam
Position (eg
Vice Chair Trustee
Secretary, Chair, etc)
Date
12/09/23
----- End of picture text -----

Charity Name No (if any) FRIENDS OF STOREY ARMS 1159829 Receipts and payments accounts

For the period Period start date Period end date To from 16/11/2021 15/11/2022

Section A Receipts and payments

A1 Receipts	Unrestricted to the nearest £	Restricted to the nearest £	Endowment to the nearest £	Total funds to the nearest £
Membershipdonations	128	-	-	128
Sales of brandedgoods	180	-	-	180
Gift Aid	23	-	-	23
Miscellaneous donations	160	-	-	160
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
~~*Sub total~~~~(Gross income for*~~	491	-	-	491

A2 Asset and investment sales,
	-			-
	-			-
~~*Sub total*~~	-			-
*Total receipts* A3 Payments
				491

Finance(onlinegiving platform)	288	-	-	288
Insurance	42	-	-	42
Equipmentpurchases for StoreyArms	144	-	-	144
Services for StoreyArms(landscaping/	515	-	-	515
plumbingwork)	-	-	-	-
Promotion(materials / web hosting)	302	-	-	302
Grant Funding	160	-	-	160
	-	-	-	-
	-	-	-	-
**Sub total **	1,451	-	-	1,451

A4 Asset and investment
	-			-
	-			-
**Sub total **	-			-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
				1,451

	- 960	-	-	- 960
	-	-	-	-
	47,365	-	-	47,365
	46,405	-	-	46,405

CCXX R1 accounts (SS)

15/09/2023

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	Details Business account Details *Total cash funds* (agree balances with receipts and payments account(s))	Unrestricted to nearest £	Restricted to nearest £
		46,405	-
		-	-
		-	-
		46,405	-
			OK
			Restricted funds to nearest £
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
	Details	Fund to which	Cost (optional)
		~~asset belongs~~	-
			-
			-
			-
			-
	Details	Fund to which	Cost (optional)
		~~asset belongs~~	-
			-
			-
			-
			-
			-
			-
			-
			-
	Details	Fund to which	Amount due
			-
			-
			-
			-
			-
	Signature	Print Name
		CAROLYNCUMMINGS

CCXX R2 accounts (SS)

15/09/2023

Sarah Jane Griffiths

CCXX R3 accounts (SS)

15/09/2023

CC16a

Last year to the nearest £

142 181 28 226 - - - - 577

577

288 - - 580 - - - - - 868

868 - 291 - 47,656 47,365

CCXX R4 accounts (SS)

15/09/2023

Endowment to nearest £ - - - -

Endowment funds to nearest £ - - - - - -

Current value ~~(optional)~~ -

When due

Date of

4/9/2023

CCXX R5 accounts (SS)

15/09/2023

12109123 CCXX R6 accounts ISSI 1510912023