2021-08-31-accounts

Trustees’ Annual Report for the period

From 01/09/2020 Period start date To 31/08/2021 Period end date

Charity name: CherishEd.

Charity registration number: 1173823

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 THE PUBLIC IN THE SUBJECT OF CHRISTIANITY BY; A) PROVIDING TRAINING, VOCATIONAL PREPARATION AND SUPPORT TO CHRISTIANS FOR MISSIONS AND MINISTRY; AND B) THE PROVISION OF NON-ACCREDITED AND TERTIARY EDUCATION IN CHILDREN'S MINISTRY.
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 charity has developed physical resources that will support Christian discipleship. The charity plans to engage in a research project with these resources in the following year. We hope to use this as a platform for training in the coming years. The charity is also working to develop collaborations that will further assist the charity to provide tertiary and non-accredited education in children’s ministry.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and planning our activities. Our services are either completely free to individuals or heavily subsidised and is available to the public. The Trustees have ensured that the activities undertaken will contribute to the aims and objectives of the charity. The Trustees are therefore confident that CherishEd. meets the public benefit requirements.

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

	SORP reference
Policy on grant making	Para 1.38	1. Charitable purpose and objective 1.1. The trustees apply the funds of CherishEd. at their discretion and in accordance with the charitable purposes and objectives of the charity. 1.2. The trustees have appointed a sub-group to consider the distribution of beneficial grants on its behalf and to make recommendations in accordance with the charitable purposes and objectives. Any decision whether to award a grant remains solely the responsibilityof the trustees.

2. Priorities for support 2.1. The amount of work or number of projects that can be supported by the trustees is necessarily limited to the amount of funds that are available for distribution each year. The trustees have determined that the current priorities for funding are: · Supporting Christians access to nonaccredited and tertiary education, training, vocational in mission and ministry to children · The advancement of the Christian faith within local communities and across the world, but particularly in Yorkshire; · The improvement of quality of life for children within local communities and among the world’s deprived and needy peoples, as determined by the trustees from time to time and in accordance with this policy; 2.2. The priorities for support will be reviewed by the trustees every two years and may be changed depending upon circumstances and the perceived effectiveness of the application of funds. Any change to these priorities must still fulfil the charitable purpose and objectives of the charity. 3. Principles applied in determining support In awarding grants, the trustees will apply the following principles; 3.1. The trustees will consider any requests or known situations that are eligible for consideration: · From any geographical area within the UK and overseas; · From organisations and individuals alike. 3.2. Each request or situation will be considered on its own merits. Where situations have been previously considered (whether successful or not) any due diligence undertaken to reach an earlier decision will be made available to the trustees. 3.3. The trustees will carry out sufficient due diligence to ensure that the request or situation meets both the charitable purposes, and the priorities for support set out in this policy. 3.4. The trustees are content to work in partnership with other grant making bodies where funding of an entire project is beyond the scope of any single organisation. This includes, but is not limited to, national and international relief operations in the wake of natural disasters. 4. Applicant and partner due diligence 4.1. The trustees will carry out sufficient due diligence on any potential beneficiary to ensure: · The identity of the beneficiary;

· That funds are applied in accordance with
the charity’s charitable purpose;
· That funds are not knowingly used for:
o Money laundering in accordance
with the operative Money
Laundering regulations; o Terrorist
financing in accordance with the
Terrorist Act 2000;
o Bribery in accordance with the
2010 Bribery Act.
4.2. In cases where the charity is not the only
supporter of the work or project, and to protect its
reputation, the trustees may choose to extend any
due diligence beyond the proposed beneficiary and
to include other partner supporting organisations.
4.3. The trustees will adopt a risk rated approach to
due diligence. Risk factors will include; the size of the
grant; the country of residence of the proposed
recipient; the geographical location in which the
grant will be applied; the nature of the relationship
between the charity and the applicant.
4.4. Grant size will be an important risk factor and the
larger the grant the greater will be the likely level of
due diligence undertaken.
4.5. Where the proposed beneficiary is well known to
the trustees and the relationship has been long
standing and well established, the amount of due
diligence undertaken is likely to be reduced.
4.6. The results of any due diligence will not last
indefinitely. In cases where beneficiaries are
supported for a significant period of time, additional
due diligence will be undertaken on a change of
circumstances that might impact the beneficiary, or
in any case after a period of three years.
5. Administration
5.1. For smaller grants, requests may be made
informally. Where specific needs or situations are
known, grants may be made at the discretion of the
trustees without any form of request.
5.2. For larger grants, trustees should be confident:
· Of the purpose of the proposed grant
including an understanding of the work and
the way in which the grant will be managed
and applied;
· Of the person(s) responsible for the
management of the grant and for
overseeing the work;
· That all local applicable laws and working
practices associated with the work are fully
and properly applied;
· That suitable safeguarding policies are in
place in cases where the applicant works
with children or vulnerable adults.
5.3. For very large grants, in addition to the
requirements set out in 5.2, trustees would expect a
written report (on request) setting out the progress
and achievements for theperiod covered and

		detailing any forthcoming changes to either the nature or the location of ongoing work. 5.4. With the agreement of the charity and the beneficiary, grants will be provided by means of an electronic banking transfer or a cheque. The charity’s normal payment authorisation process will be applied to any payments. 5.5. Where the grant is for a specified project or purpose, and in situations where that purpose does not proceed or where any grant or part thereof remains unused, unused funds must be returned. 5.6. Where formal written applications have been received, or other records maintained, these will be stored and subsequently disposed of in accordance with the charity’s policy on data protection and prevailing Data Protection legislation. 6. Decision making 6.1. The decision of the trustees on whether to award a grant is final. 6.2. The trustees are not obliged to provide an explanation to applicants in the event that their application is not successful.
Policy on social investment including program related investment	Para 1.38	Given the current level of funding and reserves, the Trustees feel that it is necessary not to make long or short term investments given the need to utilise the cash it currently holds. Should donations or other income sources such as legacies reach larger levels this will be further considered bythe Trustees.
Contribution made by volunteers	Para 1.38	The development of the physical resources that will support Christian discipleship has been undertaken by our volunteers The trustees and the Voluntary Managing Director undertook meetings with universities and colleges to further establish our training programmes in children’s ministry. We hope to have our first programme runningin the coming years.
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	The COVID-19 pandemic impacted our ability to hold our conference which has been the main form of activity for the charity. Within the past year, through our current online provision, we have had over 150 interactions with our video content and over 600 interactions with written content. All of this has been achieved through voluntary hours. The charity gained a number of grants to enable them to work on a new resource that will be used in the future as a tool for training. The development of the physical resources is intended to support Christian discipleship. This has been our main focus of activity. We have sourced a manufacturer and now have eight physical resources that we now need to test, research and make available to our partners and interested bodies.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity is holding a balance in reserves that it deems sufficient to continue its current activities in the coming year. We are actively looking for new opportunities for further funding to enable us to make agreater impact.
Statement explaining the policy for holding reserves statingwhy they areheld	Para 1.22	Reserves are held to ensure that the current activities of the charity can be carried out until further fundingsources are secured.
Amount of reserves held	Para 1.22	£14,231
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in deficit	Para 1.24	Not applicable
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties as to the charity continuing as a going concern. The charity seeks to work within its purchasing and payment policy that seeks to minimise the risks to the of CherishEd’s charitable work (business) or reputation through inappropriate use of funds.

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 has been through individual giving from individual supporters The charity has also received grants to support its new project.
Investment policy and objectives including any social investment policy adopted	Para 1.46	Given the current level of funding and reserves, the Trustees feel that it is necessary not to make long- or short-term investments given the need to utilise the cash it currently holds. Should donations or other income sources such as legacies reach larger

		levels this will be further considered by the Trustees.
A description of the principal risks facing the charity	Para 1.46	The main risks that the charity faces are held noted in the charity’s risk register which identifies the risk, its type and provides a risk score that identifies the likelihood of the risk occurring and impact of risk. Actions are identified to mitigate risks and this Is reviewed periodically throughout the year. The principal risks facing the charity are largely financial and external risks. The charity’s payment and purchasing policy, grant making policy, and acceptance and refusal of donations policy are designed to support the charity mitigate financial risks and are strictly adhered to.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed,royalcharter)	Para 1.25	The charity has a written constitution.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The charity is constituted as a Charitable Incorporated Organisation CIO whose only voting members are its charity trustees under the ‘Foundation’ model of a constitution
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	Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Reference and Administrative details

Charityname	CherishEd.
Other name the charityuses	No Applicable
Registered charitynumber	1173823
Charity’s principal address	68 Denbrook Avenue Bradford BD4 0QJ

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	James Archer	Chair
	Sam Jones	Treasurer
	Dave Purfield
	Wouter Vertegaal

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

Director name Not applicable

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year Not Applicable Not Applicable

Funds held as custodian trustees on behalf of others

Description of the assets Not Applicable held in this capacity Name and objects of the Not Applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not Applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Additional information (optional) Names and addresses of advisers (Optional information)	Additional information (optional) Names and addresses of advisers (Optional information)	Additional information (optional) Names and addresses of advisers (Optional information)
Type of adviser Name Address
Not Applicable	Not Applicable	Not Applicable
Name of chief executive or names of senior staff members (Optional information)
James Archer – Managing Director (a voluntary position)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) James Archer Position (eg Secretary, Managing Director & Chair of Chair, etc) trustees Date 09.06.2022

Section A Receipts and payments

Charity Name No (if any) CherishEd 1173823 Receipts and payments CC16 accounts a Period Period end For the start date date period To 01/09/202 31/08/202 from 0 1

A1 Receipts	Unrestri cted funds to the nearest £	Unrestri cted funds to the nearest £	Restric ted funds to the nearest £	Restric ted funds to the nearest £	Endowm ent funds to the nearest £	Endowm ent funds to the nearest £	Total funds to the nearest £ 4,775 8,500 - 13,275 13,275 107 - 2,265 412 50 2,834 2,834 10,441 - 3,790	Last year to the nearest £
Donations	4,775		-		-		4,775	2,969
Grants	7,200		1,300		-		8,500	1,000
Events	-		-		-		-	-
Sub total(Gross income for AR)	11,975		1,300		-		13,275	3,969
Total receipts A3 Payments
								3,969
Website	107		-		-		107	90
Conference	-		-		-		-	463
LearningResources	965		1,300		-		2,265	1,869
Insurance	412		-		-		412	372
Legal	50		-		-		50	50
Sub total	1,534		1,300		-		2,834	2,844
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end
								2,844
	10,441						10,441	1,125
	-						-	-
	3,790						3,790	2,665

----- Start of picture text -----
Cash funds this year
end 14,231 - - 14,231 3,790
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Section B Statement of assets and

liabilities at the end of the period

Unrestri Restric Endow cted ted ment Categories Details funds funds funds to nearest to to nearest £ nearest £ £ B1 Cash funds Cash at bank 14,231 - - - - - - - - Total cash funds 14,231 - - (agree balances with receipts and payments account(s)) OK OK OK Signed by and on behalf of Date of all the trustees Signature Print Name approval Sam Jones 09/06/2022