Trustees’ Annual Report for the period
From 01/01/2021 Period start date To 31/12/2021 Period end date Charity name: Frome Activities and Sports Trust (FAST)
Charity registration number: 1174698
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To promote for the benefit of the inhabitants of Frome, Somerset and the surrounding area the provision of facilities for and support for recreation or other leisure time occupation of individuals who have need of such facilities and support, by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants. |
| 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 |
During 2020 the Trust was able to make grants to four organisations in the BA11 postcode which provide facilities and/or support for participation in sports or activities in line with the objectives set out above. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have had regard to the Charity Commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers 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 | During 2021 FAST was able to make grants to four organisations which are run for the benefit of the inhabitants of Frome (and the BA11 postcode): • Frome Field 1 Fork • Frome Town Band • Postlebury Bell Ringers • Frome Town Women’s Football Club |
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 | During 2021 the Trust received £272 in donations from the organisers of the Frome Half Marathon (The Race Organiser). The Trust has been set up with a lump sum raised from the Frome Half Marathon between 2012 and 2016 and a small contribution is expected each year from the proceeds of this event. Due to the impact of Covid-19, The Race Organiser was only able to make a small contribution to the Trust in 2021. During 2021 the charity made an overall small loss as the lump sum originally donated gradually gets allocated through grants made. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trust does not deliberately hold Reserves. A lump sum was given to the Trust at its inception and this is added to each year. It is expected that this lump sum will gradually diminish as grants are made in future years. |
| Amount of reserves held | Para 1.22 | £18,000 |
| Reasons for holding zero reserves |
Para 1.22 | N/a |
| Details of fund materially in deficit |
Para 1.24 | See above |
| 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 | |
| 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 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 | Existing Trustees are able to appoint new or additional trustees having given regard to their skills, knowledge and experience as required for the successful administration of the CIO. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Frome Activities and Sports Trust |
|---|---|
| Other name the charity uses | FAST |
| Registered charity number | 1174698 |
| Charity’s principal address | 80 High Street, Sutton Veny, Wiltshire, BA12 7AW |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Nicola Player | Chair | |||
| Joanne Fordham | Secretary | |||
| Georgina Starkie | Treasurer | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/a held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a 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 | Name | Address |
|---|---|---|
| adviser |
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
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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Miss Georgina Helen Starkie | ||
Treasurer |
||
| 09/11/2022 | ||
| 09/11/2022 |
----- Start of picture text -----
Charity Name No (if any)
Receipts and payments accounts
For the period Period start date Period end date
To
from 1/1/2021 12/31/2021
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Existing assets (from previous year) 20,382 - - 20,382
Donations from The Race Organiser 272 - - 272
- - - -
- - - -
- - - -
- - - -
- - - -
20,654 - - 20,654
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 20,654 - - 20,654
A3 Payments
14/06/2021 (FAST Grants to 4 recipients) 2,000 - - 2,000
- - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 2,000 ] - - 2,000
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 2,000 - - 2,000
Net of receipts/(payments) 18,654 - - 18,654
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 18,654 - - 18,654
----- End of picture text -----
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | ||||
| to nearest | £ | to nearest £ | |||||
| B1 Cash funds | Current account balance | 18,649 | - | ||||
| - | - | ||||||
| Total cash funds | - 18,649 |
- - |
|||||
| (agree balances with receipts and payments account(s)) |
Agreement Error | OK | |||||
| Unrestricted | Restricted | ||||||
| funds | funds | ||||||
| B2 Other monetary assets | Details | to nearest |
£ - |
to nearest £ - |
|||
| - - |
- - |
||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| Details | Fund to which asset belongs |
Cost (optional) | |||||
| B3 Investment assets | - - |
||||||
| - | |||||||
| - | |||||||
| - | |||||||
| B4 Assets retained for the | Details | Fund to which asset belongs |
Cost (optional) - |
||||
| charity’s own use | - | ||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| Fund to which | Amount due | ||||||
| Details | liability relates | (optional) | |||||
| B5 Liabilities | - - |
||||||
| - | |||||||
| - | |||||||
| - | |||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | |||||
| Miss GH Starkie |
----- Start of picture text -----
CC16a
----- End of picture text -----
Last year
to the nearest £
-
-
-
-
Endowment funds to nearest £ - - - -
OK
Endowment funds to nearest £ - - - - - -
Current value (optional)
-
Current value (optional)
When due (optional)
Date of approval 11/9/2022