**Annual Report and Accounts for AFPA Trust Limited (Charity No 1179114 and Company No.08480755)**
**Year ended 30[th] September 2024**
## **Introduction**
This is AFPA (“Asset Finance Professionals Association”) Trust Ltd’s 2024 annual report covering the accounts for the year ended on 30[th] September 2024 and also comparatives for the years ended 30[th] September 2023 and 2022.
## **Report from the Chairman**
In our Mission Statement we state that we want to become the “Go to” organization for charity in our Industry and to promote networking and good causes together. Furthermore we want to increase the value of what we can raise in the way of charitable funds and do more good for those who need it. Since the end of the COVID pandemic we have been able to increase the frequency and nature of the events we have organized and therefore significantly increase our charitable donations. Total income has increased from £10,739 in the year to 30[th] September 2022 to £53,099 in 2022/23 and £78,770 in 2023/24.
The main events that took place in the year to 30[th] September 2024 were as follows:
- In December there was the Annual Christmas Drinks at Home House, Portman Square in London. The total amount raised at this event was £12,845. The total paid over to Alexander Devine Children’s Hospice was £13,000 which included what Alexander Devine raised themselves at the event.
- In May 2024 the 2[nd] annual “Big Quiz” night took place. We raised in total £21,756 and after paying our host for the night “The Royal Overseas League” we were able to donate £15,750 to 5 different charities ie. £5,500 to “Stepping Stones DS”, £5,500 to “Make A Wish Foundation”, £3,250 to the “British Heart Foundation,” £1,000 to “Change Please Foundation” and £500 to the “Marine Conservation Society”.
- The Annual Summer Drinks were also held at Home House, Portman Square on 3[rd] July 2024. The total amount raised at this event was £10,802 which meant that a donation of £10,000 could be made to Guys and St Thomas Foundation which includes what the latter raised themselves at the event.
- The 1[st] AFPA Trust “Big” Golf Day took place on 23[rd] July at the Berkshire Golf Club. £3,240 was donated to four Charities including £1,620 to “SPLIT” and £1,000 to the “MCA Trust”.
The Charity Partner Program was launched for the first time in April 2024. A Gold Charity Partner made an annual donation of £2,000, a Silver Partner £1,000 and a Bronze Partner £500. Partners get priority booking and pricing discounts at AFPA’s events. In total £21,000 was raised by this Program. Many thanks to Alica Bank, Investec, Lti Technology Solutions, Metro Bank, Netsol, Odessa, Paragon and Propel Finance who became Gold Partners; Haydock Finance, VIP Apps and Compass Business Finance who were Silver Partners and our Bronze Partners Finativ, LeasePath and Novuna.
As a principle it is AFPA Trust’s strategy to break even financially each year and keep its costs to a minimum. None of the Trustees receive any remuneration for the work they perform for AFPA. The only significant expenses are for Website hosting which for the year to 30[th] September 2024 was £1,278 and a charge of £1,300 for the new website design.
For the year to 30[th] September 2024 AFPA made an Operating surplus of £11,485. The main reason for this significant surplus was that the Trustees made a decision to build up a cushion in our bank account so that we have enough funds to pay for upfront deposits to the hosts of our events plus for any unforeseen events.
Finally I would like to thank all the Trustees of AFPA Trust for their hard work and support throughout the year.
Robert Taylor Chair 29[th] April 2025.
## **AFPA Trustees**
The ongoing Management and administration of AFPA Trust Ltd is carried out by the Trustees who also act as a Management Committee that meets on a monthly basis. The Trustees keep formal minutes of its meetings. The Trustees are appointed according to the rules set out in AFPA Trust’s Constitution. As at the end of March 2025 the Trustees are as follows:
**----- Start of picture text -----**
Name Role Served
Robert Taylor Chair & Director Full Year
Aysha Ellis-Aziz Deputy Chair & Director Full year
Rob Morris-Jones Treasurer, Finance Director and Full Year
Company Secretary
Adrian Langford Trustee and former Chair Full Year
Steve Dexter Trustee Full year
Vince O’Hanlon Trustee Full year
Mark Sanderson Trustee Full Year
Johnnie Halliday Trustee and former Chair Full year
David Marsh Trustee Full year
Matt Chambers Trustee Appointed 5 [th] September
2024
Jane Bird Trustee Appointed 5 [th] September
2024
Grant Vinten Trustee Appointed 5 [th] September
2024
Julie Warren Trustee Appointed 28 [th] March 2025
Keith Nowland Trustee Appointed 2 [nd] December
2023
**----- End of picture text -----**
## **The Directors**
As at the end of March 2025 the Directors of AFPA Trust Ltd are as follows:
|**The Directors**
As at the end of March 2025|the Directors of AFPA Trust Ltd are as|follows:|
|---|---|---|
|**Name**|**Role**|**Served**|
|Robert Eggleston|Director and Secretary|Resigned 9thOctober 2023|
|Rob Morris-Jones|Finance Director and Secretary|Full Year|
|Robert Taylor|Chairman|Appointed 9thOctober 2023|
|Aysha Ellis-Aziz|Deputy Chairman|Appointed 9thOctober 2023|
## **AFPA TRUST LTD**
## **INCOME AND EXPENDITURE ACCOUNT**
|**Income**
Cirque du Solei donations (Wings for Life)
Gala Dinner sponsorship / tickets / raffle
Big Quiz sponsorship / tickets / raffle
Summer Drinks sponsorship
Other membership fees and event tickets
Summer Drinks sponsorship / raffle
Christmas Drinks sponsorship
Christmas Drinks event tickets & membership fees
IWD Lunch - 8th March 2024
Charity Partner Program
2024 Big Quiz sponsors / tickets
2024 Big Golf - 23rd July 2024
Summer Drinks sponsorship
Summer Drinks event tickets & membership fees
LTI Lunch - May 2024
2024 Big Clays - 23rd October 2024
**Total income**
**Expenditure**
Donation - Wings for Life
Donation - DePaul
Donation - Newlife
Donation - Launchpad Reading
Donation - Blackburn Youth Zone
Donation - Naomi House
Gala Dinner - SSAFA - Armed Forces Charity Donation
Summer Drinks - Alexander Devine Donation
Christmas Drinks - Alexander Devine Donation
Event payments - Royal Overseas League
Event payment - Home House
Event payment - Home House - Christmas Drinks
Website hosting costs
Annual data protection registration
Event payment - IWD Lunch - Jane Bird
Home House - Summer Drinks
Deposit - Trigger Group - The Big Clays
Deposit - Christmas Drinks - Langans
Other expenses
Charitable Donation to Marine Conservation Society
Charitable donation - Stepping Stones DS - Big Quiz Paragon
Paul Mayne - MC of Big Quiz
Charitable donation - Make A Wish Foundation
Charitable donation - British Heart Foundation
Charitable donation - Change Please Foundation
MC Herciu - event photographer - Summer Drinks
The Berkshire Golf Club - Big Golf
Kudobear Ltd - new website design
Charitable donation - Guys and St Thomas Foundation - Summer Drinks
Charitable donation - The Foundation Centre - Big Golf
Charitable donation - St Giles Hospice - Big Golf
Charitable donation - MCA Trust - Big Golf
Charitable donation - SPLIT - Big Golf
Donation - Medical Detection Dogs
Donation - Mid Sussex Riding for the Disabled
**Total expenditure**
**Operating surplus / (deficit) for the period**|**12 months ending **
**30-Sep-24**
**£**
1,298
4,500
8,345
1,650
18,974
21,756
7,615
3,500
7,302
650
3,180
**78,770**
3,452
12,344
864
1,278
40
1,125
4,381
6,750
2,000
500
5,500
1,000
5,500
3,250
1,000
350
7,290
1,300
6,120
370
250
1,000
1,620
**67,285**
**11,485**|**12 months ending**
**12 months ending**
**30-Sep-23**
**30-Sep-22**
**£**
**£**
2,000
-
12,000
-
28,660
-
2,600
-
7,839
4,754
-
5,985
**53,099**
**10,739**
2,900
-
10,000
-
500
-
3,000
-
500
-
500
-
5,000
6,750
20,873
-
3,000
-
5,000
1,560
1,461
1,000
-
-
7,100
-
6,500
**60,583**
**15,061**
**-7,484**
**-4,322**|
|---|---|---|
## **AFPA TRUST LTD**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2024**
|Bank account - Weatherbys
**NET ASSETS**
Share Capital
Accumulated fund at beginning of year
(Deficit) / surplus for the year
**TOTAL FUNDS**|**30-Sep-24**
**£**
11,746
**11,746**
-
261
11,485
**11,746**|**30-Sep-23**
**£**
261
**261**
-
7,745
7,484
-
**261**|**30-Sep-22**
**£**
7,745
**7,745**
-
12,067
4,322
-
**7,745**|
|---|---|---|---|
**I certify that these accounts have been prepared from the books and records provided and all deposits and payments are reconciled to the bank statements**
## **Signed :**
## **Independent Examiner**
**Date :** xx/xx/2025
**Annual Report and Accounts for AFPA Trust Limited (Charity No 1179114 and Company No.08480755)**
**Year ended 30[th] September 2024**
## **Introduction**
This is AFPA (“Asset Finance Professionals Association”) Trust Ltd’s 2024 annual report covering the accounts for the year ended on 30[th] September 2024 and also comparatives for the years ended 30[th] September 2023 and 2022.
## **Report from the Chairman**
In our Mission Statement we state that we want to become the “Go to” organization for charity in our Industry and to promote networking and good causes together. Furthermore we want to increase the value of what we can raise in the way of charitable funds and do more good for those who need it. Since the end of the COVID pandemic we have been able to increase the frequency and nature of the events we have organized and therefore significantly increase our charitable donations. Total income has increased from £10,739 in the year to 30[th] September 2022 to £53,099 in 2022/23 and £78,770 in 2023/24.
The main events that took place in the year to 30[th] September 2024 were as follows:
- In December there was the Annual Christmas Drinks at Home House, Portman Square in London. The total amount raised at this event was £12,845. The total paid over to Alexander Devine Children’s Hospice was £13,000 which included what Alexander Devine raised themselves at the event.
- In May 2024 the 2[nd] annual “Big Quiz” night took place. We raised in total £21,756 and after paying our host for the night “The Royal Overseas League” we were able to donate £15,750 to 5 different charities ie. £5,500 to “Stepping Stones DS”, £5,500 to “Make A Wish Foundation”, £3,250 to the “British Heart Foundation,” £1,000 to “Change Please Foundation” and £500 to the “Marine Conservation Society”.
- The Annual Summer Drinks were also held at Home House, Portman Square on 3[rd] July 2024. The total amount raised at this event was £10,802 which meant that a donation of £10,000 could be made to Guys and St Thomas Foundation which includes what the latter raised themselves at the event.
- The 1[st] AFPA Trust “Big” Golf Day took place on 23[rd] July at the Berkshire Golf Club. £3,240 was donated to four Charities including £1,620 to “SPLIT” and £1,000 to the “MCA Trust”.
The Charity Partner Program was launched for the first time in April 2024. A Gold Charity Partner made an annual donation of £2,000, a Silver Partner £1,000 and a Bronze Partner £500. Partners get priority booking and pricing discounts at AFPA’s events. In total £21,000 was raised by this Program. Many thanks to Alica Bank, Investec, Lti Technology Solutions, Metro Bank, Netsol, Odessa, Paragon and Propel Finance who became Gold Partners; Haydock Finance, VIP Apps and Compass Business Finance who were Silver Partners and our Bronze Partners Finativ, LeasePath and Novuna.
As a principle it is AFPA Trust’s strategy to break even financially each year and keep its costs to a minimum. None of the Trustees receive any remuneration for the work they perform for AFPA. The only significant expenses are for Website hosting which for the year to 30[th] September 2024 was £1,278 and a charge of £1,300 for the new website design.
For the year to 30[th] September 2024 AFPA made an Operating surplus of £11,485. The main reason for this significant surplus was that the Trustees made a decision to build up a cushion in our bank account so that we have enough funds to pay for upfront deposits to the hosts of our events plus for any unforeseen events.
Finally I would like to thank all the Trustees of AFPA Trust for their hard work and support throughout the year.
Robert Taylor Chair 29[th] April 2025.
## **AFPA Trustees**
The ongoing Management and administration of AFPA Trust Ltd is carried out by the Trustees who also act as a Management Committee that meets on a monthly basis. The Trustees keep formal minutes of its meetings. The Trustees are appointed according to the rules set out in AFPA Trust’s Constitution. As at the end of March 2025 the Trustees are as follows:
**----- Start of picture text -----**
Name Role Served
Robert Taylor Chair & Director Full Year
Aysha Ellis-Aziz Deputy Chair & Director Full year
Rob Morris-Jones Treasurer, Finance Director and Full Year
Company Secretary
Adrian Langford Trustee and former Chair Full Year
Steve Dexter Trustee Full year
Vince O’Hanlon Trustee Full year
Mark Sanderson Trustee Full Year
Johnnie Halliday Trustee and former Chair Full year
David Marsh Trustee Full year
Matt Chambers Trustee Appointed 5 [th] September
2024
Jane Bird Trustee Appointed 5 [th] September
2024
Grant Vinten Trustee Appointed 5 [th] September
2024
Julie Warren Trustee Appointed 28 [th] March 2025
Keith Nowland Trustee Appointed 2 [nd] December
2023
**----- End of picture text -----**
## **The Directors**
As at the end of March 2025 the Directors of AFPA Trust Ltd are as follows:
|**The Directors**
As at the end of March 2025|the Directors of AFPA Trust Ltd are as|follows:|
|---|---|---|
|**Name**|**Role**|**Served**|
|Robert Eggleston|Director and Secretary|Resigned 9thOctober 2023|
|Rob Morris-Jones|Finance Director and Secretary|Full Year|
|Robert Taylor|Chairman|Appointed 9thOctober 2023|
|Aysha Ellis-Aziz|Deputy Chairman|Appointed 9thOctober 2023|
## **AFPA TRUST LTD**
## **INCOME AND EXPENDITURE ACCOUNT**
|**Income**
Cirque du Solei donations (Wings for Life)
Gala Dinner sponsorship / tickets / raffle
Big Quiz sponsorship / tickets / raffle
Summer Drinks sponsorship
Other membership fees and event tickets
Summer Drinks sponsorship / raffle
Christmas Drinks sponsorship
Christmas Drinks event tickets & membership fees
IWD Lunch - 8th March 2024
Charity Partner Program
2024 Big Quiz sponsors / tickets
2024 Big Golf - 23rd July 2024
Summer Drinks sponsorship
Summer Drinks event tickets & membership fees
LTI Lunch - May 2024
2024 Big Clays - 23rd October 2024
**Total income**
**Expenditure**
Donation - Wings for Life
Donation - DePaul
Donation - Newlife
Donation - Launchpad Reading
Donation - Blackburn Youth Zone
Donation - Naomi House
Gala Dinner - SSAFA - Armed Forces Charity Donation
Summer Drinks - Alexander Devine Donation
Christmas Drinks - Alexander Devine Donation
Event payments - Royal Overseas League
Event payment - Home House
Event payment - Home House - Christmas Drinks
Website hosting costs
Annual data protection registration
Event payment - IWD Lunch - Jane Bird
Home House - Summer Drinks
Deposit - Trigger Group - The Big Clays
Deposit - Christmas Drinks - Langans
Other expenses
Charitable Donation to Marine Conservation Society
Charitable donation - Stepping Stones DS - Big Quiz Paragon
Paul Mayne - MC of Big Quiz
Charitable donation - Make A Wish Foundation
Charitable donation - British Heart Foundation
Charitable donation - Change Please Foundation
MC Herciu - event photographer - Summer Drinks
The Berkshire Golf Club - Big Golf
Kudobear Ltd - new website design
Charitable donation - Guys and St Thomas Foundation - Summer Drinks
Charitable donation - The Foundation Centre - Big Golf
Charitable donation - St Giles Hospice - Big Golf
Charitable donation - MCA Trust - Big Golf
Charitable donation - SPLIT - Big Golf
Donation - Medical Detection Dogs
Donation - Mid Sussex Riding for the Disabled
**Total expenditure**
**Operating surplus / (deficit) for the period**|**12 months ending **
**30-Sep-24**
**£**
1,298
4,500
8,345
1,650
18,974
21,756
7,615
3,500
7,302
650
3,180
**78,770**
3,452
12,344
864
1,278
40
1,125
4,381
6,750
2,000
500
5,500
1,000
5,500
3,250
1,000
350
7,290
1,300
6,120
370
250
1,000
1,620
**67,285**
**11,485**|**12 months ending**
**12 months ending**
**30-Sep-23**
**30-Sep-22**
**£**
**£**
2,000
-
12,000
-
28,660
-
2,600
-
7,839
4,754
-
5,985
**53,099**
**10,739**
2,900
-
10,000
-
500
-
3,000
-
500
-
500
-
5,000
6,750
20,873
-
3,000
-
5,000
1,560
1,461
1,000
-
-
7,100
-
6,500
**60,583**
**15,061**
**-7,484**
**-4,322**|
|---|---|---|
## **AFPA TRUST LTD**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2024**
|Bank account - Weatherbys
**NET ASSETS**
Share Capital
Accumulated fund at beginning of year
(Deficit) / surplus for the year
**TOTAL FUNDS**|**30-Sep-24**
**£**
11,746
**11,746**
-
261
11,485
**11,746**|**30-Sep-23**
**£**
261
**261**
-
7,745
7,484
-
**261**|**30-Sep-22**
**£**
7,745
**7,745**
-
12,067
4,322
-
**7,745**|
|---|---|---|---|
**I certify that these accounts have been prepared from the books and records provided and all deposits and payments are reconciled to the bank statements**
## **Signed :**
## **Independent Examiner**
**Date :** xx/xx/2025
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