The Monsters Foundation
Trustees’ Annual Report for the period to 31 December 2022
The Trustees present their report for the period from 1 January 2022 to 31 December 2022.
Reference and administrative details
The charity name
The legal name of the charity is The Monsters Foundation.
The charity's areas of operation and UK charitable registration
The Charity operates in England & Wales and is registered with the Charity Commission with number 1181707.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation, registered under the Charity Commission in England & Wales and its governing document is a written constitution. The Governing Document is dated 19 January 2019.
Trustees
The trustees who served as a trustee in the reporting period were as shown below, and there were no changes during the year, or in the period between the year end and the approval of the accounts .
Ian Donald MacKenzie Chair (appointed 23 January 2019) Janet Melanie Anderson-MacKenzie (appointed 23 January 2019)
All trustees are members of the charity.
Principal Operating Address
The principal operating address and contact details of the charity are
New Rectory Cowley Gloucestershire GL53 9NJ
Email: enquiries@themonstersfoundation.org.uk
Bankers
NatWest 30 High Street Chippenham SN15 3HB
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Objects and activities of the charity
The purposes of the charity as set out in its governing document
The object of the CIO is, for the public benefit, to further such exclusively charitable purposes according to the law of England and Wales as the Charity Trustees in their absolute discretion from time to time determine.
The main activities undertaken in relation to those purposes during the period
The charity aims to carry out its purpose by
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making grants to individuals, organisations and other charities within its purposes
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making available a minibus
During the period, the charity made available a minibus. No grants were made.
The main activities undertaken during the period to further the charity's purpose for the public benefit
During the period, the charity made available a minibus which provided benefit to other charitable organisations and no grants were made.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The main achievements and performance of the charity during the period
During the year the charity’s minibus was used by two different charitable organisations for a total of 2 trips.
No grants were made in the period.
Fundraising activities during the year
The charity relies on donations from individuals and organisations both in terms of grant aid and also for the use of the minibus. There have been no fundraising activities.
The difference the charity's performance during the year has made to the beneficiaries of the charity and the benefit to wider society
The use of the minibus by charitable organisations has enabled them to further their purposes by
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Organising trips and events at lower cost for their beneficiaries
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Organising trips and events which would not have otherwise been made had the minibus not been available.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees
The Trustees consider recruitment of new Trustees as the need arises.
Potential trustees would be provided with information about the organisation, its activities and objectives, roles and expectations of Trustees plus other supporting information.
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A new Trustee would be provided with information on the activities and finances of the charity, together with Charity Commission guidance and codes of conduct related to the roles and responsibilities of Trustees.
The charity's financial position at the end of the period to 31 December 2022
The financial position of the charity at 31 December 2022, as more fully detailed in the accounts, can be summarised as follows:
| 2022 | 2021 | |
|---|---|---|
| Net income | (£870) | £613 |
| Funds of the charity | ||
| Unrestricted Revenue Funds available for the general purposes ofthe charity |
£70 | £940 |
| Total unrestricted funds | £70 | £940 |
| Total restricted funds | Nil | Nil |
Financial review of the position at the reporting date, 31 December 2022
The trustees note the financial performance by the charity during the period giving rise to a deficit of £870 leading to funds at the end of the period of £70.
Notwithstanding the deficit, the trustees consider the financial performance by the charity during the period to have been satisfactory.
Policies on reserves
It is the policy of the trustees to build reserves to provide for the maintenance and ultimately replacement of the minibus.
Whilst the reserves are current nil, the trustees expect to build them over time.
Availability and adequacy of assets of each of the funds
The trustees are satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Approval of this report
This report was approved by resolution of the trustees on 26 March 2023.
Ian MacKenzie
Janet Anderson-MacKenzie
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CHARIIY COMMISSION FOR ENGiAND AND WAIES Recelpts and payments accounts CC16a For the pertod Section A Receipts and payments Unrstricted fvnds to the nÈhrest Restricted funds Endowment funds Total funds Last aT to the rarest£ totheneare5t£ tOthee&rE5t£ tothp neaiest£ A1 Recelpts DMall5. tgtal&j 1.027 1.OZ7 1.769 Sub total(Gross Income for AR) 1,027 1,D27 1,7 A2 A55•t and inv•stm•nt sal•s. (see tsblel. Sub total A3Pa nts Mmibu5Cos*s Administr3b Chantle &YitwJ 1,897 1,897 1,042 Sub total 1,897 1,897 A4 A55•t and inv•stm•nt purchases, Isee table) Sub total 1.897 1,897 1,156 Net ofrKeipts/(paymgnt¥) A5 Transfers betsveen fvnds A6 Cash funds last year end Cash funds this year end 870 8T0 613 940 940 327 io 70 940 CCXX R1 acn(s8)
Section B Stat8ment of assets and liabilities at th8 end of th8 period Unrestricted funds to eest£ Restricted funds to nearest E Endowment funds to newe5t£ Categories B1 Cash funds Nalwesl B3nkAttount 70 Total cash funds 70 Unrestrlcted funds to neraest£ Restrleted fiJnds to r*aresi£ Endowment funds neMest£ Details Fmd to which Costlwtionall Currentval tion&l Details B3 Investment assets to which a5setbplongs UnrÈstht CurTeni¥al {wtionall Detsils Mhltha kM1DNTG Cost{wtionall B4 Assets retalned for the charity's own use Fd towhich Ythen due ioption&ll Details ioptlondi B5 Liabilities SNJned by oneor two tru5teeson behalf of all Ihè trustees &gnabJre Ptint Name Date of approval IAN MACKENZIE 26-Mar-23 JANE[ ANDERSON-MACKENZIE 26-Mar-23 CCXX R2 accounls1881