Chairs Report - St Dennis & Nanpean Community Trust AGM 2024
It is nearly 15 years since the original Section 106 agreement was drawn up which started the funding agreement in line with the contract between Cornwall Council and SITA. Following this the St Dennis and Nanpean Community Trust was born. The Trust was registered as a Community Charitable Incorporated Organisation with reports being lodged with the Charity Commission on an annual basis.
Unfortunately, we still have resident trustee vacancies for St Dennis and Nanpean but we continue to promoting the opportunity on social media, local newsletters and more recently a leaflet which has been distributed to several organisations, to attract interested people.
In 2023 we considered 10 applications during this time and funded 9 of these totalling £288,069.60. The projects have included support to the purchase of the Claytawc building in St Dennis; restoration of church bells; band uniforms; and a new building for scouts, cubs, beavers, rangers, guides, brownies and rainbows in Trethosa.
I am thrilled that between 2016 and 2023 the Community Trust has approved 88 projects and awarded almost £1.36million in grant aid.
We, the Trust, continue to promote the grants to community groups in the area of benefit encouraging them to apply to the Trust.
We continue to employ Sharon Davey as both our administrator and treasurer on a self-employed basis. Sharon can give us a breakdown of the current financial situation of the Community Trust.
I would like to conclude by saying thank you to all those who helped from the Trust and to all trustees both past and present for their dedication and commitment.
St Dennls and Nanpean Commlnlty Trust Proflt and Loss Account for the perlod to 31st December 2023 Allowan 20,(KKI Less Costs: Meetings Legal & Professional F Insurance CRCC Office Subscriptions Admin Printlstationary & Po! Website Bank Charges Sundries 139 210 188 35 1.566 39 109 74 2.360 Profftl Unused Allowance 17,640 ACCOUNTANTS REPORT I have examined the records of the above named fund, and in my oplnlon, the accounts hereby certified are in accord therewith and truly adequately represent the transattions of the fund. DATED THIS DAY OF 2024 Rowedowrlck AssocSates 7 Trenowah Road Bethel St Austell PL25 3E8 froQ6 Ms C O Dowrlck MAAT Date presented to the trustees.................................................................... Si8ned........... ............................................... .- Treasurer
St Dennls and Nanpean Communlty Trust- CLAYfAWC HSBC Bank Reconciliation to 31st December 2023 Opening Balance Funding Received CREC 31175.85 Claytawc 144.09 Treviscoe 200.00 CREC 32628.00 CREC 23604.32 C.Council 23397.49 CREC 34352.57 403476.68 145502.32 Grants pald out 100131 1845.00 100136 10920.00 100140 450.00 100149 I0.L}? 100150 2640.44 100151 17315.16 100152 30.00 100155 30CNJO.00 100156 73899.00 138099.60 Trust Costs 2358.76 Transfer 30(XXXI.00 Balance CIF 108520.64 548979.(Xl 548979. Balance as perstatement: 21.12.2023 Less: Expenses Paid Unity Trust Account 2.74 Unpresented Chqs.. 386.80 108910.18 389.54 108520.64 Balance CIF
Unlty Trust Bank Reconciliation to 31st December 2023 Op¢nir4 Balance Transfer from HSBC 3IXKO).00 Expenses Bank Charges 2.74 Balance CIFwd 299997.26 Balance Per Statement 299997.26
Treasurers Report - St Dennis and Nanpean Community Trust
Again, many thanks to Caroline Dowrick of Rowerick Associates for auditing the Trust accounts for the period 1[st] January 2023 to 31st December 2023.
Income
Our total income for the period 1[st] January 2023 to 31[st] December 2023 was £145,502.32. This can be broken down to £121,760.74 funding from CERC and £23,397.49 from Cornwall Council.
Expenditure
Our total expenditure for the period 1st January 2023 to 31st December 2023 was £138,099.6 in grants, and Trust costs of £2,358.76. Therefore, the accounts state that we carried forward as of the 31st December 2023 £108,520.64. However, the trustees approved the opening of a second bank account to protect the Community Trust funds. It was agreed to transfer £300,000 into the Unity Bank account. So, the Trust had £408,517.9 in its accounts but two grants totalling £150,000 had been approved but not released.
It is encouraging to see that we are receiving projects from a variety of community groups.
In summary, I am pleased to report a successful year with the financial position of the Trust, having awarded many grants to some worthy organisations across the area of benefit.
Sharon Davey Treasurer