2022-08-31-accounts - Cherished

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Trustees’ Annual Report for the period

From 01/09/2021 Period start date To 31/08/2022 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 continues to plan to engage in a research project with these resources. 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 charitablepurposes and objectives. Any

decision whether to award a grant remains solely the responsibility of 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)settingout theprogress

		and achievements for the period 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 by the 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. Volunteers undertook with meetings with an independent theological college regarding our formal training offer. We hope to have our first programme running in the coming years. It is hope that this will be an online training programme so that participants can access this removing geographical barriers.
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 continued to impact our ability to hold our conference which has historically been the main form of activity for the charity. Within the past year, through our current online provision, we have had a further 100 interactions with our video content and over 200 interactions with written content. All of this has been achieved through voluntary hours. Further The development of the physical resources took place with further designs made and resources refined ready for our pilot research project.

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 stating why they are held	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	£15,284
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 historically received grants to support its resource 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, royal charter)	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

Charity name CherishEd. Other name the charity uses No Applicable Registered charity number 1173823 Charity’s principal address 68 Denbrook Avenue Bradford BD4 0QJ

Names of the charity trustees who manage the charity

1 2 3	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
	David Purfield

– 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)

Type of adviser Name Address	Type of adviser Name Address	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)

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 08.06.2023

	Charity Name CherishEd	Charity Name CherishEd	Charity Name CherishEd	No (if any) 1173823
					CC16a
	For the period from	Period start date 01/09/2021	To	Period end date 31/08/2022

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £ 1,160 - - 1,160 1,160 90 - - 417 50 557 557	Last year to the nearest £
Donations	1,160	-	-	1,160	4,775
Grants	-	-	-	-	8,500
Events	-	-	-	-	-
*Sub total*(Gross income for AR)	1,160	-	-	1,160	13,275
*Total receipts* A3 Payments
			-		13,275

Website	90	-	-	90	107
Conference	-	-	-	-	-
LearningResources	-	1,300	-	-	2,265
Insurance	417	-	-	417	412
Legal	50	-	-	50	50
*Sub total*	557	1,300	-	557	2,834
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
			-		2,834

	1,053	-	-	1,053	10,441
	-	-	-	-	-
	14,231	-	-	14,231	3,790
	15,284	-	-	15,284	14,231

Section B Statement	of assets and liabilities at the end of the period
Categories B1 Cash funds Signed by and on behalf of all the trustees	Details Cash at bank *Total cash funds* (agree balances with receipts and payments account(s)) Signature		Unrestricted funds Restricted funds to nearest £ to nearest £ 15,284 - - - - - 15,284 - OK OK Print Name Sam Jones		Endowment funds to nearest £
					-
					-
					-
					-
					OK
					Date of approval
			Sam Jones		05/11/2022

¢¢XX R2 accounts Issi OW1112022