Patrick Family Trust Report for April 2020 - March 2021; third year of operation
Governance and Administration:
The Patrick Family Trust CIO (Charity Registration No.1180057) is a Charitable Incorporated Organisation whose principal address is 16 Devonshire Avenue, Beeston, Nottingham NG9 1BS, and which is regulated by a Constitution dated 24th September 2018.
The charity’s aims are to advance such charitable purposes for the public benefit, primarily but not exclusively in the UK and in Malawi and Ethiopia, as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine, in particular, but not limited to
[a] education and training,
[b] overseas aid and disaster relief,
[c] community development, and
[d] support of marginalised people including prisoners, disabled and migrants.
The trustees throughout the year have been:
Dr John M Patrick [Founder; Chair] Mr Jonathan Patrick Mrs Janet Patrick [Founder] Mr Daniel Patrick Mr David Patrick Mr Joseph Patrick
The trust is managed by the founders in consultation with the other trustees. They were unable to meet in 2020-21 during the COVIDpandemic shutdown, but kept in touch informally. If and when the Trust needs to replace trustees or appoint new ones, we will have regard to the skills, knowledge and experience needed for the effective administration of our CIO.
Assets and Liabilities:
The Trust holds no assets besides the funds in its NatWest current account and NatWest interest-earning Reserve Account.
Reserves Policy:
The Trust make grants and donations solely out of banked funds and does not commit beyond that limit. We incur minimal administrative costs and pay no salaries.
Activities during 2020-21:
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
In 2020-21 the Trust made grants totalling around £17,000 in two broad categories:
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donations to UK charities in the fields of education and COVID-19 pandemic response [8%].
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donations to UK charities operating primarily in less developed countries in Africa [92%], with an emphasis on responses to the pandemic in communities. As part of this, we continued our sponsorship of The Big Give fund-matching Christmas Appeal.
The Trust gave no further financial support to the community horticultural project in southern Malawi that was started last year.
Signed on behalf of all the trustees : John M Patrick, Chair August 31 2021
Dated:
(HARITY (OMMISSION FOR ENGIAND AND WALES Patrick Family Trust Receipts and payments accounts 1180057 CC16a For the period from 01-Apr-20 to 31-Mar-21 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year A1 Receipts Donations reiVed Bank interest 220 60 265 545 11 11 Fund-raising Sub total (Gross income forAR) 11 11 A2 Asset and investment sales Sub total 11 11 545 A3Pa ments Donations UK Overseas Project admin costs UK Project admin costs - Overseas Office & banking costs 1,300 15,756 1,300 15,756 1,515 16,220 Donations 1,818 200 19,753 Sub total 17,056 17,056 A4 Asset and investment purchases Sub total 17,056 17,056 19,753 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 17,045 17,045 19,208 30,760 13,715 30,760 13,715 49,968 30,760 Section B. Statement of assets and liabilities at the end of the .period Unrestricted funds Restricted funds Endowment funds Details B1 Cash funds Natwest Current account 28 Natwest Reserve account 13,687 Total cash funds 13,715 B5 Liabilities Nil Signed by the founding trustees on behalf of all the trustees: li M.P L-ck Jcuiok Dr J M Patrick 31~Aug-21 Mrs Janet Patrick 31-Aug-21 Notes: No guarantee has been given by the CIO, where any potential liability under the guarantee is outstanding at the date of the statement of assets and liabilities by the CIO and which is secured by an express charge on any of the assets of the CIO. There is no debt outstanding at the date of the statement of assets and liabilities which is owed by the CIO and which is secured by an express charge on any of the assets of the CIO.