PEM Charitable Trust Receipts and Payrnents Account$ Year ended 31 March 2023
PEM Charitable Trust Receipts and Payments accounts Year ended 31 March 2023
Trustees Mr W Tilbury Mrs K Bretherick Mr J Burrett Mr M Godfrey Mr L Weeks Address Salisbury House Station Road Cambridge CB1 2LA Legal status Registration number 1181792 Date of charity registration 29/01/2019 Trust Deed dated 25/01/2019
PEM Charitable Trust Receipts and Payments accounts Year ended 31 March 2023
Trustees report
The trustees present their annual report together with the Receipts and Payments accounts of the PEM Charitable Trust (the charity). This report has been prepared in accordance with guidelines made available by the Charity Commission. A charity with income less than £250,000 is permitted to prepare receipts and payments accounts and is therefore not required to follow the requirements of the new Charity SORP (FRS 102) with regard to content and disclosure.
Structure, governance and management
a. Constitution
The Charity was formed by a Trust Deed dated 25 January 2019.
b. Method of Appointment or Election of Trustees
The Trustees are appointed for an unlimited period. The Trustees endeavour to appoint Trustees that will provide valuable and practical skills for the Charity. The Trustees who served during the year were:
Mr W Tilbury Mrs K Bretherick Mr J Burrett Mr M Godfrey Mr L Weeks
Objectives and activities
The objects are to further such charitable purposes (charitable under English law) as the trustees see fit from time to time.
In planning the charitable activities the Trustees kept in mind the Charity Commission's guidance on public benefit.
Reserves policy
The Trustees are satisifed that the level of cash funds, currently £27,319 are adequate to meet the objects of the Charity.
This report was approved by the Trustees on 18/01/2024 and signed on their behalf, by;
Mr James Burrett
PEM Charitable Trust Receipts and Payments accounts Year ended 31 March 2023
Trustees' responsibilities statement
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PEM Charitable Trust Receipts and Payments accounts Year ended 31 March 2023
| Total | Total | |
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 31 March | 31 March | |
| 2023 | 2022 | |
| £ | £ | |
| Receipts | ||
| Donations | 19,760 | 6,516 |
| Total Receipts for the year | 19,760 | 6,516 |
| Payments | ||
| Charitable Activities | ||
| Grants made | 3,000 | 3,437 |
| Governance costs | 186 | 31 |
| Total Payments for the year | 3,186 | 3,468 |
| Cash Funds at beginning of Year | 10,745 | 7,697 |
| Movement in Funds | 16,574 | 3,048 |
| Cash Funds At This Year End | 27,319 | 10,745 |
| Statement of assets and liabilities | ||
| Year ended 31 March 2023 | ||
| Monetary assets | ||
| HSBC Bank | 27,319 | 10,745 |
| Cash funds at end of year being Total Monetary Assets | 27,319 | 10,745 |
Approved by the Trustees and signed by:
Mr James Burrett
Date: 18/01/2024
PEM Charitable Trust Receipts and Payments accounts Year ended 31 March 2023 Notes to the Accounts
- 1 These accounts have been prepared in accordance with guidelines made available by the Charity Commission. A charity with income less than £250,000 is permitted to prepare receipts and payments accounts and is therefore not required to follow the requirements of the new Charity SORP (FRS 102) with regard to content and disclosure.
Income and expenditure is accounted for on a receipts and payments basis.
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2 None of the trustees received any remuneration or expenses during the current or previous period.
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3 There were no related party transactions during the period.