2023-10-31-accounts - Thorganby Foundation

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Trustees’ Annual Report for the period

From 1[st] November 2022 Period start date To Period end date 31[st] October 2023

Charity name: Thorganby Foundation

Charity registration number: 1166695

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To relieve hardship of persons resident within the Parish of Thorganby To support the education of persons under 25 years and, exceptionally, those over 25 resident in the Parish of Thorganby
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	No applications have been made for grants due to hardship. The Trustees awarded grants totalling £3,220 for educational purposes within the year
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees are satisfied that all payments met the criteria of the Governing Document and have had due regard to the Charity Commission guidance

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

	SORP reference
Policy on grant making	Para 1.38	The policy on Grant Making is set out in the Trust Deed
Policy on social investment including program related investment	Para 1.38	The policy of investment follows that is the advice given to the predecessor charity
Contribution made by volunteers	Para 1.38	There are no volunteers beyond the appointed Trustees

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	This year the applications for grants were lower than the income received in the year and all were for educational purposes, but were substantially lower than the previous year. As a result the Trustees have decided to write to all the residents within the Parish and also advertise the Foundation and its purposes within the Parish magazine

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity is in a sound position financially with its investments held in safe funds
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Charity keeps at least one year’s income in reserve, this is held in a deposit account in addition to that held in the current account
Amount of reserves held	Para 1.22	£9763
Reasons for holding zero reserves	Para 1.22	N/a
Details of fund materially in deficit	Para 1.24	N/a
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)	Para 1.47	The principal source of funding is from investments and land rents which were transferred from the predecessor Charity. The income this year exceeded expenditure by £2,149. This surplus income was added to the reserves.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
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	By appointment by Thorganby PCC (2) Thorganby Parish Council (1) Co-Opted (4) Ex-officio (1) being the incumbent of Thorganby Parish Church

Additional information (optional)

Additional information (optional)	Additional information (optional)	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	All Trustees are deemed to have a working knowledge of Trust governance. If training is required or requested the Trust will subsidise this training
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Charity operates for the benefit of the residents of Thorganby Parish in N Yorkshire.
Relationship with any related parties	Para 1.51	Trustees are drawn from local residents who may have a knowledge of those living within the Parish
Other		The Trustees cannot foresee any major risks to the Charity. All decisions are made by the body of Trustees by a majority vote (which may be submitted by email) and documented by the Secretary

Reference and Administrative details

Charity name	Thorganby Foundation
Other name the charity uses
Registered charity number	1166695
Charity’s principal address	Common Bottom Farm Thorganby York YO19 6DN

Names of the charity trustees who manage the charity

Trustee Rename	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Rev. J Doyle-Brett		Whole Term	Ex-officio
Mrs L Blackburn		“	Co-opted
Mrs E Garnham		“	ThorganbyPC
Mrs J Patrick		“	ThorganbyPCC
Mr S Fell	Chairman	“	ThorganbyPCC
Mr H A King		“	Co-opted
Mr S Mitcham		“	Co-opted

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

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets 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 Address
Bank	HSBC	13, Parliament St, York YO8 1SE

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

Declaration

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

Signed on behalf of	the charity’s trustees
Signature(s)
Full name(s)	Stephen CR Fell	J M Beckerlegge
Position (eg Secretary,	Chairman	Secretary
Chair, etc)
Date

Thorganby Foundation

Receipts and Payments account for the period 1st November 2022 to

Receipts 2021/2022 £ £ Charibond £ 674.72 Charifund £ 3,249.58 Field Rent Plot 1: F ### Plot 2 ( ### Plot 4 £ 420.00 £ 2,570.00 Wayleave £ 41.32 £ 6,535.62 Payments Clerks Honorarium£ 600.00 Administration £ 84.18 Bank Charges £ 57.20 Advertising Individual Educatio ### Group Educational ### Schools £ 544.00 Wayleave £ 8,733.66 Net Surplus/(Defcit) of -£ 2,198.04 receipts and Payments Transfers From Current Accout Charibond Nil COIF Nil Capital Assets Purchased and (Sold) ### 25/05/2021 Charibond £ 8,500.00 Charifund COIF Brownies COIF Reserve ### Total ### £ 8,500.00 Account Balances Assets Employed 2021/22 Valuation of land at July 202 £ 162,000.00	Receipts 2021/2022 £ £ Charibond £ 674.72 Charifund £ 3,249.58 Field Rent Plot 1: F ### Plot 2 ( ### Plot 4 £ 420.00 £ 2,570.00 Wayleave £ 41.32 £ 6,535.62 Payments Clerks Honorarium£ 600.00 Administration £ 84.18 Bank Charges £ 57.20 Advertising Individual Educatio ### Group Educational ### Schools £ 544.00 Wayleave £ 8,733.66 Net Surplus/(Defcit) of -£ 2,198.04 receipts and Payments Transfers From Current Accout Charibond Nil COIF Nil Capital Assets Purchased and (Sold) ### 25/05/2021 Charibond £ 8,500.00 Charifund COIF Brownies COIF Reserve ### Total ### £ 8,500.00 Account Balances Assets Employed 2021/22 Valuation of land at July 202 £ 162,000.00	£ £ 1,150.00 £ 250.00 £ 210.00
		£ 600.00 £ 37.70 £ 64.00 £ 124.00 £ 637.50 £ 2,000.00 £ 582.50 £ 20.66 current year Nil
###	£ 8,500.00
	2021/22 £ 162,000.00

Investments at Cost £ 119,968.38 Cash at bank at 1/11/2022 £ 7,613.97 £ 289,582.35 Surplus/(Defcit) -£ 2,198.04 £ 287,384.31 Change on the Value of Asse -£ 2,678.09 £ 284,706.22 Current Assets £ 277,092.25 Cash at bank £ 7,613.97 £ 284,706.22 Stock Holdings at cost As at 31/10/22 Units £ M&G Charibond 30668.59 £ 40,594.20 M&G Charifund 4113.40 £ 62,551.16 COIF Brownies 6.22 £ 839.24 COIF Thorganby 104.56£ 15,983.78 £ 119,968.38 Valuations and cash at Bank Units Bid Price Land M&G Charibond 30668.59 106.3 M&G Charifund 4113.395 1374.82 COIF Brownies 6.22 22501.62 COIF Thorganby 104.56 22501.62 Cash at Bank Cash at Bank	£ 119,968.38 £ 9,763.50 £ 291,731.88 £ 2,149.53 £ 293,881.41 -£ 8,038.13 £ 285,843.28 £ 276,079.78 £ 9,763.50 £ 285,843.28 As at 21/10/23 Units £ 30668.59 £ 40,594.20 4113.40 £ 62,551.16 6.22 £ 839.24 194.56 £ 15,983.78 £ 119,968.38 Values as at 31st October 2022 2023 £ 162,000.00 £ 162,000.00 ## £ 33,186.48 £ 32,600.71 ## £ 57,387.21 £ 56,551.78 ## £ 1,376.65 £ 1,399.60 ## £ 23,141.91 £ 23,527.69 ## £ 277,092.25 £ 276,079.78 ## £ 7,613.97 £ 9,763.50 ## £ 284,706.22 £ 285,843.28 ##	£ 119,968.38 £ 9,763.50 £ 291,731.88 £ 2,149.53 £ 293,881.41 -£ 8,038.13 £ 285,843.28 £ 276,079.78 £ 9,763.50 £ 285,843.28 As at 21/10/23 Units £ 30668.59 £ 40,594.20 4113.40 £ 62,551.16 6.22 £ 839.24 194.56 £ 15,983.78 £ 119,968.38 Values as at 31st October 2022 2023 £ 162,000.00 £ 162,000.00 ## £ 33,186.48 £ 32,600.71 ## £ 57,387.21 £ 56,551.78 ## £ 1,376.65 £ 1,399.60 ## £ 23,141.91 £ 23,527.69 ## £ 277,092.25 £ 276,079.78 ## £ 7,613.97 £ 9,763.50 ## £ 284,706.22 £ 285,843.28 ##
	£ 277,092.25 £ 7,613.97	£ 276,079.78 ## £ 9,763.50 ##
	£ 284,706.22	£ 285,843.28 ##

The COIF Brownies is held in trust. The net value of the Foundation is £284,443

31st October 2023 Dunt

3.68