Patrick Family Trust Report for April 2023 - March 2024; sixth year of operaton ## **Governance and Administration:** The Patrick Family Trust (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. The trustees held their AGM in person in Beeston in January 2024 with all members present. ## **Assets & Liabilities and Reserves Policies:** The Trust holds its cash assets in a NatWest current account and a NatWest interest-earning Reserve Account. It now also holds reserve funds invested with Epworth Investment Management Ltd, owned by the Methodist Church. The Trust makes 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 2023-24:** The trustees continue to have regard to the guidance issued by the Charity Commission on public benefit. The Trust **received** £5,000 as a fourth seed-funding **donation** from its founders. The Trust made no **grants/donations** during the year. The managing trustees have set up an **investment account** to further the Trust’s policy of investing some of the future endowed funds for growth, income and social impact. A summary of the **Receipts & Payments account** for the year 1/4/2023 to 31/3/2024 for submission to the Charity Commission is attached. **Signed on behalf of all the trustees** : John M Patrick, Chair **Dated:** 10 May 2024 **----- Start of picture text -----**
Unrestricted Restricted Endowment
funds funds funds Total funds Last year
A1 Receipts
- - - - - £ 55,220 Donations received
1 - - 1 11 [ £ 135 ] Bank interest
1 - - 1 11 [ £ 55,620 ] Sub total (Gross income for AR)
£ -
1 - - 1 11 [ £ 55,620 ] Total receipts
£ -
£ - A3 Payments
13,300 - - 13,300 17,056 [ £ 50,142 ] Sub total
£ -
£ - A4 Asset and investment purchas
- £ - nil
- - - - - £ 10,000 Sub total
£ -
13,300 - - 13,300 17,056 [ £ 60,142 ] Total payments
£ -
- 13,299 - - - 13,299 - 17,045 #REF! Net of receipts/(payments)
13,715 - - 13,715 30,760 [-£ 416 ] A6 Cash funds last year end
416 - - 416 13,715 [-£ 8,557 ] Cash funds this year end
and liabilities at the end of the period Section B Statement of assets
Unrestricted Restricted Endowment
Details funds funds funds Categories
to nearest £ to nearest £ to nearest £
B1 Cash funds
NatWest Current account 28 - -
NatWest Reserve account 388 - -
Total cash funds 416 - -
Nil B3 Investment assets
Date of Signed by one or two trustees on behalf of
Signature Print Name approval all the trustees
Dr J M Patrick
Mrs Janet Patrick
where any potential liability under the guarantee is outstanding at the date of the
CIO and which is secured by an express charge on any of the assets of the CIO.
of the statement of assets and liabilities which is owed by the CIO and which is
he assets of the CIO.
**----- End of picture text -----**
where any potential liability under the guarantee is outstanding at the date of the CIO and which is secured by an express charge on any of the assets of the CIO. of the statement of assets and liabilities which is owed by the CIO and which is he assets of the CIO. printed for sugning prior to submission January 17 2