# **Trustees’ Annual Report for the period** # **From 01 April 2020 to 31 March 2021** ## **Charity name: CAG Trust** ## **Charity registration number: 1182688** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the purposes Para 1.17 The objects of the CIO are to advance
of the charity as set out in life and relieve the needs of young
in its governing male persons aged 10 to 18 years in
document Solihull and surrounding area in
particular but not exclusively
Summary of the main Para 1.17 and The provision of a range of challenging
1.19
activities in relation to outdoor sports and adventure activities
those purposes for the at weekly meetings and residential
public benefit, in trips which develop their skills,
particular, the activities, capacities and capabilities to enable
projects or services them to participate in society as
identified in the mature and responsible individuals
accounts.
Statement confirming Para 1.18 It is confirmed that the Trustees have
whether the trustees had regard to the guidance issued by
have had regard to the the Charity Commission on public
guidance issued by the benefit
Charity Commission on
public benefit
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## **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 1 78677838-1 volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
During the year (April 2020 to March
2021) the activities of CAG Trust were
massively affected by the ongoing
Summary of the main Covid Pandemic. The vast majority of
Para 1.20
achievements of the the charities usual activities take place
charity, identifying the during school term time and are in
difference the charity’s close support of the young people
work has made to the taking part in the activities. The nature
circumstances of its of the pandemic and the lockdowns
beneficiaries and any have resulted in almost a total lack of
wider benefits to society activities taking place as a result.
as a whole.
The only significant activity was the
forming of a new Duke of Edinburgh’s
Award cohort that undertook online
training for their expedition.
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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2 78677838-1 ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21 Please refer to the annual accounts
financial position at the
end of the period
Statement explaining the Para 1.22 Reserves are retained for items of
policy for holding expenditure on equipment and
reserves stating why they activities in furtherance of the
are held Charity's objectives
Amount of reserves held Para 1.22 Please refer to the annual accounts
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a
going concern
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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3 78677838-1 ## **Structure, Governance and Management** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Please refer to the governing
document Constitution document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 The Trustees comprise of volunteers
methods including details and are appointed by the current
of any constitutional Trustees following consultation with the
provisions e.g. election to wider member and leader group.
post or name of any
person or body entitled
to appoint one or more
trustees
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details** **----- Start of picture text -----**
Charity name CAG Trust
Other name the charity Challenge Adventure Group
uses
Registered charity 1182688
number
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4 78677838-1 ||Charity’s principal
address|21 Wychwood Avenue, Knowle, Solihull, B93 9DF|| |---|---|---|---| ||||| 5 78677838-1 ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Simon Thomas
2 Ruth Billingham
3 Mark Gibson
4 Helen Clifton
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name** ## **None** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** None 6 78677838-1 78677838-1 ## **Funds held as custodian trustees on behalf of others** Description of the assets None 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** 8 78677838-1 ## **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) Mark Adrian Gibson Position (eg Chair Secretary, Chair, etc) Date 14 January 2022** 9 78677838-1 **REGISTERED CHARITY NUMBER: 1182688** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** ## **CAG TRUST** Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX **CAG TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|8| |**Detailed Statement of Financial Activities**||9|| **CAG TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes a CIO. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1182688 ## **Principal address** 21 Wychwood Avenue Knowle Solihull West Midlands B93 9DF ## **Trustees** S Thomas Ms C S Hadley M A Gibson Ms R H Billingham ## **Independent Examiner** Mr M Shabbir FCA, FCCA Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX Approved by order of the board of trustees on ............................................. and signed on its behalf by: .............................................................................. Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAG TRUST** ## **Independent examiner's report to the trustees of CAG Trust** I report to the charity trustees on my examination of the accounts of CAG Trust (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr M Shabbir FCA, FCCA Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX Date: ............................................. Page 2 **CAG TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** **----- Start of picture text -----**
2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 709 7,266 7,975 38,841
EXPENDITURE ON
Raising funds 1,610 80 1,690 41,869
NET INCOME/(EXPENDITURE) (901) 7,186 6,285 (3,028)
RECONCILIATION OF FUNDS
Total funds brought forward 5,437 7,058 12,495 15,523
TOTAL FUNDS CARRIED FORWARD 4,536 14,244 18,780 12,495
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The notes form part of these financial statements Page 3 **CAG TRUST** ## **BALANCE SHEET 31 MARCH 2021** **----- Start of picture text -----**
2021 2020
Notes £ £
CURRENT ASSETS
Cash at bank 18,780 12,495
NET CURRENT ASSETS 18,780 12,495
TOTAL ASSETS LESS CURRENT LIABILITIES 18,780 12,495
NET ASSETS 18,780 12,495
FUNDS 5
Unrestricted funds 4,536 5,437
Restricted funds 14,244 7,058
TOTAL FUNDS 18,780 12,495
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The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 4 **CAG TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,886
25,955
**EXPENDITURE ON**
Raising funds
13,345
28,524
**NET INCOME/(EXPENDITURE)**
(459)
(2,569)|Total
funds
£
38,841
41,869
(3,028)| |---|---| continued... Page 5 **CAG TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** **----- Start of picture text -----**
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 5,896 9,627 15,523
TOTAL FUNDS CARRIED FORWARD 5,437 7,058 12,495
4. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
£ £ £ £
Current assets 4,536 14,244 18,780 12,495
5. MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 5,437 (901) 4,536
Restricted funds
Restricted fund 7,058 7,186 14,244
TOTAL FUNDS 12,495 6,285 18,780
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 709 (1,610) (901)
Restricted funds
Restricted fund 7,266 (80) 7,186
TOTAL FUNDS 7,975 (1,690) 6,285
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continued... Page 6 **CAG TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **5. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** **----- Start of picture text -----**
Net
movement At
At 1.4.19 in funds 31.3.20
£ £ £
Unrestricted funds
General fund 5,896 (459) 5,437
Restricted funds
Restricted fund 9,627 (2,569) 7,058
TOTAL FUNDS 15,523 (3,028) 12,495
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 12,886 (13,345) (459)
Restricted funds
Restricted fund 25,955 (28,524) (2,569)
TOTAL FUNDS 38,841 (41,869) (3,028)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.4.19 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 5,896 (1,360) 4,536
Restricted funds
Restricted fund 9,627 4,617 14,244
TOTAL FUNDS 15,523 3,257 18,780
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continued... Page 7 **CAG TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **5. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement|Movement| |---|---|---|---|---| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General fund|13,595|(14,955)||(1,360)| |**Restricted funds**||||| |Restricted fund|33,221|(28,604)||4,617| |**TOTAL FUNDS**|46,816|(43,559)||3,257| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 8 **CAG TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** **----- Start of picture text -----**
2021 2020
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,975 38,841
Total incoming resources 7,975 38,841
EXPENDITURE
Other trading activities
Member Expenses 80 34,667
-
Equipment & Repairs 2,332
Premises Expenses 30 1,822
Leaders Expenses & Meetings 13 994
Insurance 722 746
Professional Fees - 12
Sundries 845 1,296
1,690 41,869
Total resources expended 1,690 41,869
Net income/(expenditure) 6,285 (3,028)
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This page does not form part of the statutory financial statements Page 9