Trustees’ annual report (including Directors’ report) for the period
From: 01/09/2022 Period start date
To: 31/08/2023 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'SMINISTRY. |
| 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 r. 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’sministry. |
| 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 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 non-accredited 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 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. |
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|---|---|---|
| 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 The trustees and the Voluntary Managing Director undertook meetings to further establish our training programmes in children’s ministry. We hope to be able to create training that can be made accessible via an online platform. |
| Other |
Achievements and performance
| 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 | Since the impact of COVID-19 pandemic, which prevented us from being able to hold our conference we haven’t since been able to hold this event. This is a shame as this had been the main form of activity for the charity. Through our current online provision, we have had further interactions with our video content. All of this has been achieved through voluntary hours. Looking to create future video content will be a feature of future work. The charity continued to develop new resource that will be used in the future as a tool for training. The development of the physical resources is intended to support discipleship of young children. This has been our main focus of activity. We have sourced a manufacturer and now have eight physical resources. We need to now test, research and make available these resources to our partners and interested bodies. |
|---|---|---|
Financial review
| Financial review | ||
|---|---|---|
| Review of the charity’s financial position at the end of theperiod |
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 a greater 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 funding sources are secured. |
| Amount of reserves held | Para 1.22 | £15,315 |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| 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 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: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | The charity has a written constitution. |
| How is the charity constituted? for example limited company, 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 | NoApplicable |
| 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 (if any) |
|---|---|---|---|---|
| James Archer | Chair | |||
| Sam Jones | Treasurer | |||
| Dave Purfield | ||||
| LucyMunton | From 23rdMay2023 |
– 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 held in this capacity |
Not applicable |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Not applicable |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Not applicable |
Additional information (optional)
Names and addresses of advisers (optional information)
| Names and addresses of advisers (optional information) | Names and addresses of advisers (optional information) | 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
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Signature(s) Full name(s) Position (for Managing Director & Chair of example Secretary, trustees Chair, etc) Date 27.03.2024
CHARITY COMMISSION FOR ENGLAND AND WALES ChorlshEd Receipts and payments accounts CC16a For the peri¢xl To 01109120 31IOW2023 Section A Receipts and payments Vnrestricted funds Restricted funds Endowrnent funds Total funds L8st ygar to th• Mèr•At tothtr n•4rntÉ toth• n•or•bt£ ttth• n1•1£ A1 Rec8lpts OonalS 471 471 venLs Sub total(Gross income lor AR) 471 471 Totsl elp¢S 471 471 1,610 A3Pa mefbts W$bsrte CoDIErenGF Leaming Re8OUPX5 417 Legal Sub total 557 Total pyments 440 557 Alet of receipts/(payments) A5 Transfers bthe8n fund8 A6 Cash funds last year end sh fvnds this end 31 31 1.053 15,315 14315 15 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to near•st£ Restricted fund$ to noar•st£ Endowment funds to nèaMst£ iategones B1 Cash funds Cè$hat bank 16,315 Total cash funds 15,315 sll &"gned byand ¢MI behalf of all tr trustees Date of roval Signature Print Name Sam Jone¥ QW1112023