## **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
**----- End of picture text -----**
**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