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2022-03-31-accounts

Trustees’ Annual Report for the period

From 1/4/2021

To 31/3/2022

Charity name: The S.A.M. Charitable Trust

Charity registration number: 1181383

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the CIO are to promote the
education (including social and physical
training) of people in the United Kingdom
in such ways as the charity trustees think
fit, including by:

awarding to such persons
scholarships, maintenance
allowances or grants tenable at
any university, college or
institution of higher or further
education;

providing financial support, to
undertake travel in furtherance of
education or to prepare for entry
to any occupation trade or
profession on leaving any
education establishment;

providing financial support and
other assistance towards training,
coaching, mentoring and other
services and facilities particularly
with a view to enabling the
beneficiaries to set up in business
or obtain paid employment;

to make grants and advance funds
to other charities with the same or
similar aims.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identifiedinthe accounts.		 Para 1.17 and
1.19		 Donations are received and a number of
donations were made to a variety of UK
Registered Charities. There have been no
changes in objects or policies during the
period, and no changes are anticipated in
**the future. **
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 paid due regard to the
public benefit guidance issued by the
Charity Commission in deciding the
allocation of funds.

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 the year, the charity maintained
its policy of allocating donations to
charitable organisations

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 At the balance sheet date there was a
funds surplus of £3,814 (2021: £3,496)
which the trustees have carried forward
**for future use by the charity. **
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 It is the policy of the Trustees to maintain
free reserves at a level which is
considered adequate to provide sufficient
funds to cover ongoing management and
administration costs and to be in a
position to respond to applications for
**grants as and when they may arise. **
Amount of reserves held Para 1.22 At the year end, the charity held free
reserves totalling £3,814(2021:£3,496)
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 The S.A.M. Charitable Trust is a
registered charity (number 1181383) and
was established under a CIO Foundation
Constitutions dated 31 December 2018
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The charity is as Charitable Incorporated
Organisation (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 It is not envisaged that any new trustees
will be recruited in the near future, but
should that happen a full induction will
take place.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 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 S.A.M. Charitable Trust
Other name the charity uses
Registered charity number 1181383
Charity’s principal address 9 Clonard Way
Pinner
HA5 4BT

Names of the charity trustees who manage the charity

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 Trustee name Office (if any) Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
M G Shields
S Shields
J Hammond
A T Shields
P M Mackenzie
Corporate trustees– names ofthe directors at the date thereportwas approved
Director name
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 held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for 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) Mr M G Shields Position (eg Secretary, Chair, etc)[Trustee ] Date 5 January 2023

S.A.M. Charitable Trust

Charity Name		 S.A.M. Charitable Trust

Charity Name		 S.A.M. Charitable Trust

Charity Name		 181383
No (if any)		 181383
No (if any)		 CC16a
For the period
from		 01/04/2021
Period start date		 To 31/03/2022
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
4,439
-
-
-
-
-
-
-

4,439
-
-
-
4,439
4,121
-
-
-
-
-
-
-
-
4,121
-
-
-
4,121
318
-
3,496
3,814		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
4,439
-
-
-
-
-
-
-
4,439
-
-
-
4,439
4,121
-
-
-
-
-
-
-
-
4,121
-
-
-
4,121

318		 Last year
to the nearest £
Donations 4,439 -
-
-
-
-
-
-
-
-		 4,439 21,050
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Sub total(Gross income for
AR)
4,439		 4,439 21,050
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 4,439 21,050

Grantspayable		 4,121 -
-
-
-
-
-
-
-
-
-		 4,121 24,321
Bank charges - - 52
- - -
- - -
- - -
- - -
- - -
- - -
- - -
**Sub total ** 4,121 4,121 24,373
A4 Asset and investment
purchases (see table)
, - -
-
-		 -
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- 4,121 24,373
318 - -
318		 - 3,323
- - -
-		 - -
3,496 - 3,496 6,819
3,814 - - 3,814 3,496

CCXX R1 accounts (SS)

13/01/2023

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Details
Cash at bank
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
3,814
-
-
-
-
-
3,814
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
M Shields		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
M Shields 05-Jan-23

CCXX R2 accounts (SS)

13/01/2023

2