## **PAVE**
**ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DEC 2020**
**CHARITY REGISTRATION No. 1178775**
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
**PAVE**
## **CONTENTS**
Page 3 Legal and Administrative Information. Page 4 Independent Examiner's Report on the accounts. Pages 5 to 6 Trustees' Report. Page 7 Statement of Receipts and Payments. Page 8 Statement of Assets and Liabilities. Pages 9 to 11 Notes to the Accounts.
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## **PAVE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1178775 **START OF FINANCIAL YEAR** 1st January 2020 **END OF FINANCIAL YEAR** 31st December 2020 **TRUSTEES SERVING DURING AND AFTER** S E Hall **THE YEAR** Rev B C Richardson R E Dabrowski M A Dabrowski A K Brookes **GOVERNING INSTRUMENT** PAVE was registered on 13th June 2018 and is governed by the a CIO Trust Deed. The Trust is registered with the Charity Commission under number 1178775. The trust is set up to provide funding for further education for students in Africa. **OBJECTS** THE OBJECTS OF THE CIO ARE: FOR THE PUBLIC BENEFIT TO PROMOTE THE EDUCATION OF YOUNG PEOPLE IN MOZAMBIQUE AND IN SUCH OTHER PARTS OF THE WORLD AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME THINK FIT, IN PARTICULAR BUT NOT BY WAY OF LIMITATION BY AWARDING SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER OR FURTHER EDUCATION. **REGISTERED ADDRESS** 55 Rushendon Furlong Pitstone Leighton Buzzard LU7 9QX **PRIMARY BANKERS** Lloyds Bank 25 Gresham Street London EC27 7HN **INDEPENDENT EXAMINER** Daryl Martin Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
Report to the trustees/members of PAVE on the accounts for the year ended 31st December 2020 set out on pages 7 to 11.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act),
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
- to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT**
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 130 of the Act); and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Daryl Martin Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Date: 12.10.2021
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**PAVE**
## **TRUSTEES REPORT**
## **FOR THE YEAR ENDED 31ST December 2020**
## **OBJECTIVES AND ACHIEVEMENTS**
The strategic objectives of the Trust are to prioritise support for young people in Mozambique and in such other parts of the world as the trustees may from time to time think fit, in particular but not by way of limitation by awarding scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education.
The trustees achieve this by providing financial support that includes course fees, registration fees, examination fees, and other disbursements, to enable them to receive education which will enhance their personal development as responsible contributing members of society. The activities of the Trust in pursuit of its charitable purposes are to make financial grants to individuals and organisations. The Trustees have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission when preparing the policies and objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
Main achievements in the year reported on are:
a) Continuing to attract donations to enable funds to be available for distribution in grants;
b) Enhancing awareness of the Trust and encouraging more applications for grants (a
particular focus has been to raise awareness amongst members of the public and supporters encouraging them to support the work in Africa;
c) The continuing work on review of governance and management and on the verification of grant applications and applicants;
d) Enhanced requirements for successful grant applicants to provide feedback on the charitable outcomes of the activities to which those funds were applied. Where possible and appropriate material is made publicly available, for instance on the PAVE website, and through social media.
## **Management of the Trust**
The Trust is governed by a Board of Trustees, who at present carry out the majority of the administrative duties. The Trust has no paid staff, it is entirely volunteer governed, managed and operated.
Trustees are appointed in accordance with the Trust deed, which is the governing document of the Trust. Induction of new Trustees is carried out informally. All Trustees have access to a copy of the Governing document (the Trust deed). Support and training is available for Trustees, to assist them in understanding their role and discharging their responsibilities, on an ad hoc basis as needed. The Trustees have taken account of the Charity Commission guidance on public benefit in the discharge of their responsibilities.
The Trustees endeavour to provide good governance and effective leadership of the Trust by following the principles in 'Good Governance: A Code for the Voluntary and Community Sector’.
- Understanding their role (collectively and individually);
- Ensuring delivery of organisational purpose;
- Working effectively both as individuals and as a team;
- Exercising effective control over the charity;
- Behaving with integrity;
- Being open and accountable.
During the year reported on, the Trustees have continued reviewing and updating the governance and administration of the Trust.
## **Grant-making policies and procedures**
The Trust carries out its charitable purposes by making grants. In accordance with the governing document of the Trust, only educational charities can be supported by grants from the Trust.
The Trustees have discretion to make grants within the charitable purposes.
Due diligence enquiries and checks are carried out on all funding applications received and all applicants are verified by means approved by the Trustees. The Trustees seek additional clarification or further information about an applicant and/or the purposes for which they are applying for a grant, if the Trustees consider it appropriate in order to assess the applicant and application. In making their decisions on applications, the Trustees consider how information provided demonstrates appropriate links to PAVE’S objects, in accordance with the Trust's charitable purposes for the public benefit.
## **Going Concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resource to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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## **PAVE**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
## **FOR THE YEAR ENDED 31ST December 2020**
|Notes
**RECEIPTS :**
Voluntary Receipts
2a
**TOTAL RECEIPTS**
**PAYMENTS :**
Costs of Charitable Activities
3a
Governance Costs
3b
**TOTAL PAYMENTS**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
5,876
0
5,876
12,950|
|---|---|
||**5,875**
**0**
**5,875**
**12,950**|
||11,454
0
11,454
5,969
140
0
140
396|
||**11,594**
**0**
**11,594**
**6,365**|
||**-5,719**
**0**
**-5,719**
**6,585**
8,435
0
8,435
1,850|
||**2,716**
**0**
**2,716**
**8,435**|
The notes on pages 9 to 11 form part of these accounts.
All operations are continuing operations.
7
FuThd
Fud
Tatsl
1,716
1716
8h3S
EquwTnt
?76
AJ.
**PAVE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST December 2020**
## **1. BASIS OF ACCOUNTING**
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.
## **2. RECEIPTS**
|**a) Voluntary Receipts**
Designated Giving
Standing Orders
Bank Compensation
Gift Aid
General Gifts|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
244
0
244
0
3,025
0
3,025
905
0
0
0
335
310
0
310
0
2,297
0
2,297
11,710|
|---|---|
||**5,876**
**0**
**5,876**
**12,950**|
9
## **PAVE**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST December 2020**
|**3. PAYMENTS**
Notes
**a) Costs of Charitable Activities**
Student Education & Computer Equipment
Website and Marketing
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Professional Fees
ICO
Gifts
Other
**b) Governance Costs**
Independent Examination
Bank Charges
Bank Recompense|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
9,233
9,233
5,930
697
697
0
949
949
0
75
75
0
500
500
0
0
0
39|
|---|---|
||**11,454**
**0**
**11,454**
**5,969**|
||0
0
0
276
140
0
140
35
0
0
0
85|
||**140**
**0**
**140**
**396**|
10
## **PAVE**
## **NOTES TO THE ACCOUNTS (continued)**
## **FOR THE YEAR ENDED 31ST December 2020**
## **4. RESTRICTED FUNDS**
There were no restricted funds in this financial year
## **5. PAYMENTS TO TRUSTEES**
No payments were made to trustees or any persons connected with them during this financial period, other than reimbursement for small items paid for on behalf of the Charity. No other material transaction took place between the organisation and a trustee or any person connected with them.
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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