## **Trustees’ Annual Report for the period**
**From 16 November 2022 Period start date To 15 November 2023 Period end date**
## **Charity name: The Friends of Storey Arms**
## **Charity registration number: 1159829**
## **Objectives and Activities**
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SORP reference
Summary of the purposes of Para 1.17 To advance the education of students from
the charity as set out in its Cardiff and the Vale of Glamorgan attending
governing document 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 Para 1.17 and The Trustees have, for the public benefit,
1.19
activities in relation to those carried out the following activities during the
purposes for the public 2022/23 period:
benefit, in particular, the 1) Held an AGM in April 2023 (online to help
activities, projects or services with attendance levels) covering the
identified in the accounts.
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
Statement confirming Para 1.18 The Trustees have had regard to the
whether the trustees have guidance on public benefit.
had regard to the guidance
issued by the Charity
Commission on public
benefit
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## **Additional information (optional)** You may choose to include further statements where relevant about:
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SORP reference
There has been no need to amend the Grant
Para 1.38 Giving Policy which remains in place as
Policy on grant making 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 Para 1.38
including program related
investment
Our fundraising work has not recovered
Para 1.38 following the Covid pandemic. The Trustees
Contribution made by are very aware that they need to re-establish
volunteers one or two regular events to encourage
more face-to-face contact with potential
volunteers, as well as to raise funds.
The current Honorary Secretary is a
volunteer and we thank her for her time and
commitment.
Other
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## **Achievements and Performance**
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SORP reference
Due to additional funding received from
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|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
|||Due to additional funding received from|
|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|elsewhere (still being made available
following the pandemic), there was no
request from the Head of Centre for funds to
assist attending pupils and schools.
The sale of neck scarves continued to prove
very popular amongst visitors, bringing in
additional funds. A new order of neck
scarves was funded and made available to
the Centre shop.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
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|Achievements against
objectives set|Para 1.41|Once again, we set new objectives at the
AGM for holding one or two events for
fundraising and for social enjoyment, to re-
establish the work of the charity.
Unfortunately, due to the other commitments
of the Trustees and Committee, these did
not happen.|
|Performance of fundraising
activities against objectives
set|Para 1.41|N/A see above|
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
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Review of the charity’s Para 1.21 With the lack of available time for Trustees
financial position at the end and previous volunteers to put towards
of the period fundraising, there has been no additional
income this year.
Income was therefore limited to membership
(plus associated Gift Aid) and the sale of
neck scarves.
Due to some staffing changes at the Centre
and personal issues for the Honorary
Treasurer, the money taken for the neck
scarves was not banked until after the
financial year end. This will be included in
next year’s return.
With the purchase of a new stock of neck
scarves, this means that we finished the
period with a large deficit.
Statement explaining the Para 1.22 Discussion of our Reserves policy is
policy for holding reserves included in each General Meeting, when we
stating why they are held 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.
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 15/11/2023 is
£44,971.48
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 None
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a going
concern
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## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|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
Appointment of incumbent Head of Centre of
the Storey Arms Centre as Ex-Officio
Trustee|
**Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees
|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
parties|Para 1.51||
|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**
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Dates acted if Name of person (or
Trustee name Office (if any) not for whole body) entitled to
year appoint trustee (if any)
1 Aled Morgan Chair
2 Sarah Griffiths Vice Chair
3 Carolyn Cummings Treasurer
4 Lawrence Conway
5 David Ludlam
6 Rachel Meek
John Richards 16/11/22 –
7
23/04/23
8 Sally Thomas
9 Andrew Meek Ex-Officio Trustee
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## – 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)**
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Type of Name Address
adviser
Name of chief executive or names of senior staff members (Optional information)
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**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**
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Signature(s)
Full name(s) Sarah Griffiths Carolyn Cummings
Position (eg
Vice Chair Honorary Treasurer
Secretary, Chair, etc)
Date
27/08/2024
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Charity Name No (if any)
FRIENDS OF STOREY ARMS 1159829
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 16/11/2022 15/11/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Membership donations 50 - - 50 128
Sales of branded goods - - - 180
Gift Aid 11 - - 11 23
Miscellaneous donations - - - 160
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
- - 61 491
AR) [ 61 ]
A2 Asset and investment sales,
- - - -
- - - - -
Sub total - - - - -
Total receipts 61 - - 61 491
A3 Payments
Finance (online giving platform) 288 - - 288 288
Insurance - - - 42
Equipment purchases for Storey Arms - - - 144
Services for Storey Arms (landscaping/ - - - 515
plumbing work) - - - -
Promotion (materials / web hosting) 1,014 - - 1,014 302
Grant Funding - - - 160
Other - Trustee retirement gift/meal 193 - - 193 -
- - - - -
Sub total 1,495 - - 1,495 1,451
A4 Asset and investment
- - - -
- - - -
Sub total - - - - -
Total payments 1,495 - - 1,495 1,451
Net of receipts/(payments) - 1,434 - - - 1,434 - 960
A5 Transfers between funds - - - - -
A6 Cash funds last year end 46,405 - - 46,405 47,365
Cash funds this year end 44,971 - - 44,971 46,405
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CCXX R1 accounts (SS)
28/08/2024
1
|**Section B Statement of assets and liabilities at**
|**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**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Signature|**Unrestricted**
**Restricted**
**to nearest £**
**to nearest £**
**44,971**
**-**
**-**
**-**
**-**
**-**
**44,971**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**Amount due**
**-**
**-**
**-**
**-**
**-**
Print Name
CAROLYN CUMMINGS
Sarah Griffiths|**Endowment**
**to nearest £**
**-**
**-**
**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
Date of
28/8/2024
27/08/24|
CCXX R2 accounts (SS)
28/08/2024
2