Trustees’ Annual Report for the period
From 01 April 2022 to 31 March 2023
Charity name: CAG Trust
Charity registration number: 1182688
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 advance in life and relieve the needs of young male persons aged 10 to 18 years in Solihull and surrounding area in particular but not exclusively |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The provision of a range of challenging outdoor sports and adventure activities at weekly meetings and residential trips which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | It is confirmed that the Trustees have had regard to the guidance issued by the Charity Commission on public benefit |
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
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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 | Following on from the resurgence in membership numbers, the charity continued to improve membership numbers up to a total of 43 members over the year. The increase in overall member numbers contributed to an ongoing increase in DofE participant numbers as well, increasing from 5 to 15 over the year – more than a third of total membership numbers. The increase in numbers made it possible for a full program of activities and overnight weekend trips to take place. The weekend trips program included taking members away to carry out activities such as surfing in Devon, paddling down the River Wye in canoes and camping overnight, staying in a youth hostel in the Lake District for a ghyll scrambling and mountain adventures weekend, finishing off with a weekend in a totally off grid house in the Rhinog mountains in Wales, carrying out some mountain adventures and mountain biking during the days. During the year the group ordered and took delivery of a set of 10 new mountain bikes and stored them in a newly created storage facility in our base at the Church Hall in Bickenhill. Due to the new joiners of the DofE program joining in the later part of 2022 there wasn’t a requirement to carry out a DofE expedition in 2022. Over the year the group as a whole undertook the activities we are known for: getting boys out in the outdoors to have fun with others, make new friendships and learn new skills. As a result of rebuilding the membership numbers,financesimproved as aresult, |
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creating a more stable basis for the group to operate.
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 | Please refer to the annual accounts |
| Statement explaining the policy for holding reserves statingwhy they areheld |
Para 1.22 | Reserves are retained for items of expenditure on equipment and activities in furtherance ofthe Charity's objectives |
| Amount of reserves held | Para 1.22 | Please refer to the annual accounts |
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| Reasons for holding zero reserves |
Para 1.22 | N/A |
|---|---|---|
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed,royalcharter) |
Para 1.25 | Please refer to the governing Constitution document |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | 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 | The Trustees comprise of volunteers and are appointed by the current Trustees following consultation with the wider member and leader group. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | CAG Trust |
|---|---|
| Other name the charity uses | ChallengeAdventure Group |
| Registered charity number | 1182688 |
| Charity’s principal address | 21 Wychwood Avenue, Knowle, Solihull, B93 9DF |
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Simon Thomas | ||||
| Ruth Billingham | ||||
| Mark Gibson | ||||
| Helen Clifton | ||||
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 | ||
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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
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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 Secretary, Chair Chair, etc) Date 24 January 2024
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RECISTIRED CHARITY hUML BER.. 1182688 RT FTHEIRL.S ANO 'NAL'DITED FIfvI IA A TEP¥lENT THL I'EARENDED3I FO
CAG I"RLST F TIIE FINACIAL ST AI'E.IIF.IT FOR"1 IIF. YF.AA F.NDED I RCJI 201J Pt Report of the Tr¥iiet5 INd¢yMdenl E¥amln¢r's Repo St•¢¢m¢hi •( ArtTrvhi¢s BMl•#ce She¢t 4oies 10 iht VINiTh¢l•l Sthie•e# Dei•Sl¢d Slitnb**f QtFinancl•l Atlivlilej
CA6 TItIST REPORT F THE TRL TEES FOR THF. I EAR F.YDEO 31 MARCH 202) I'hL Irusiecs Prtni iheir rcpDrt Ihc financial yaitmenis of tht ¢hari%y foy Ehc >eat en.d 31 Marth 2023. Thc Iru5t¢¢s adopied th¢ provision5 of Aceouryling knd Rqh)nin8 Chariiies Siaicmeni ol" Rectsmynrndtd Praciice ppliLBbl¢ Iv (hariiits preparinB Iheir dLY(NJnis ID accurddnL¢ wilh Ihe Pinaniidl R¢porting Standdrd iipplitsblL In LhL UK and Republ thr Irtland (FR% 1021 ieffectii¢ l Januawy 3019). srRIICTL1RE, GOI'ERNAwcg.4hD MAW.ICE%IEWT docurntni 'I"h¢ ¢hatit) 15 controll¢d by ils 8u%'erninB &>comtnt. a &edo1 misi dnd consiilulcs a C'.10. RF.FFRE%C-F AND ADMI%'I%TRA TII'E DETAII.S R¢gt¢red Chrlty Plumbtr Prin¢ipl addit 21 Wychwld Ai¢nu¢ Knuwle '¢si Midland5 YDr TruJit¢s % Thoma5 M A (jib50n M5 R 11 Billin8ha Mrs 11 C'lif IndepETrdthl Liirnlntr Mrs J Bi89 1 ( IA.( TA ArmstN)ngs fiishop Sirnmtsn> (."hari¢rcd Ac¢4)un14nis an¢J Tax Advison eihift I loufi 36 Bvnd Slreei NtsThc9ti)ft warl¢k$are C-V114DA Approled b) Lirder ol'ihr N)aid vf i¥usitts on 25, J•nuary 2024 pnd 518ned on lis t*hall b).. M. Gib500. Ttustre
INDEPE%D£NT ÈXA.MI%LR'S JiEPORT TO ¥IIE YR CAG TRLSY ISTE Indtpenrfent ¢I¥mlTrtr'i r¢port lo tht t$¢5 of f.AC. ItU5t rew)rt tLb the ihdrilTr (rusitts On m} exarnintion 01 ihe accouDlS UI C'Ats itht Irusi) for th¢ eal endtd J I MaFch 2023. Rtspoth$ltylilie5 and balis report A) Ilie charilk tru3Tc¢S of Lht Trusi lou ar¢ iw)n5ible l¢)r th¢ uf ik accounts in /t¢urdance with the rwuiremcnLS of the Chariiies Aci 2011 I'ihE A¢'I_ I in re5peci Gf my tKaThinalion (>f lh¢ Irusi-s 8¢eOVnl> cried oui Undrr 4¢¢iiun 1,15 vl ihe Aknt And In Ljrrying uur my tvminaiion I have folloed all appli¢dblt D¥rccttiX758lltn b> Ihc Chariiy C'ommiSSiOft undtf SLrtion 14i15Kb} of thE Aci. I#dtpendtnt ex•ml#er'5 StAtttl I compleied m) t¥6minaiion. I coftfrm m4reTi81 rnatteTS ¢omt w my atitnTiOn in connection 1th rht ¢x•minaiion 8ii'in8 m¢ t4usL' belle¢ thai ih ffl$¢erial tespeci.. ac¢ourtling rccords w¢re noi kcpt in re$peci of the TNSI 4$ ttyuiied by SeuioTh IJO of th¢ A¢i," or lh¥ noi ¥ioril 11th i&ise r¢d$. or rhe accouThi% dts noi Ci)rnpI) Ihe applitAble rcwirtrnt5 ¢ODf¢rnlll8 Ihc form and ¢oni¢ni Of I¢}unIS oui in the C'haiiiie5 (Accounts and Rewrtsi Rr8ulalions VK)8 uih¢T th8D n> rtquircmeni iht at¢oun15 Biv¢ a trur lair I'iew ivhith i& Troi a maiTer c(51¢1¢d as pan afi inderthd¢ni exam'.n¥iion. I hAWe no ¢orKcms and ha*¢ wme xross no h¢1 mar(er5 in Con¢11t ¥'iih the cxamin•Liun whs¢h &ieniiun should be drawn in Ihi5 rtpon in order ¢Bèblt 8 PTop¢r w¢dtssiaThdiA8 of the accouttis LO bc r¢ath¢d. Mr¥ J. Eltg¥% FCC'A. cfA Arrnstrfin8s 8ishi?p 51inrniTrn5 Lhartertd Aiwuniants and 141 Ad%jsors (iu'ihin Iltsuse Jfi FIDnd %irttt Nunt¥ion WarvJickshire C.'V I1411A 25, J¥nuary 2024
STA ENT FnR THE I'E4R F.4'DF. 1.4L A 'iY JI MARCH 202J 2023 Total runds 2022 Total lunds xiircstr>cd funds R¢SiriciLYi rund INCOMTr. AND £NDOW'PwlEP4TS fROM thjnatiofts artd l¢gailC5 Inve5tm¢nt income 20,229 27.91 I 48,140 Total 20.260 27.911 lJ.392 ExP[DITL FiE O Raisin8 futsd& 18.276 32,259 50.535 13,354 NET IP4COME/IEXPENDITURE) 1.984 14.3481 {2,3641 38 R*.C'014CILIATION Ofr FIINDS 10141 fuTrds bro8hi f()f¥4'ard 3.9J4 14M4 18J18 18.?80 TOTAL FL'NDSCARRIED FORI¥ARD 5.918 IOJ36 18 16.454 18 The noie$ forni rArt of these financial $tstrmenis Pa8t 3
CAG TRUST E SHEET JI MARCH 023 202J Noks CIIRRENT ASSETS Cash al bank •nd in h•nd 16.454 ET CURIIEtyT ASSETS 16.454 TOTAL ASSF.TS I.F.SS CI'RRF.WT LIABILITIES 16,454 T ASSETS 16.454 IINDS 5,918 3.934 Endu¥¥'meni funds TOTAL frL'NDS The fi¥thnci#l 51akmrnt5 w¢re Ippred b) Ihe ol TrusLee& thOrISt4 for 25 Jthnuary 2(>*4 &nd rl. si8ncd its bth4llb>' M (iib5()n-'l Nsi¢¢ Ihe notes foTrn PaYtoftt>¢st fiNancial statemen P8Ee 4
G TRLST TOT FOR THE Fl4 4Y IALS DED 31 IIARCH 102 ACCoDT1Pc POLICIES B•515 oIpfeparfin8 iht Anan¢il stat¢•ents I he finan¢i81 siaiemeDis of ihe chariti. whi¢h Is a pjblic enli¢) uDdcr FRS 10? hae btcn pr¢pared I occo¥danc¢ Wilh ihc Chariiitt SORP (FRS 1021 'AccountiftE and R¢poffin8 by ('haYiiies.' Stattwrml of RrLixKmende41 PraLii¢t applic&blr ILTr cliariiits pr¢parkn8 the?r accounts tn a¢LuJrdorKe %¥iih the Financial R¢wJrting Siandard tpplitablc in the UK &id R¢public uf Irc1 IfrRS 1021 i¢ff¢¢ii%t l Sanuary 2U191'. Financial Reporting Srandard l(12 ryhe Fin#hL131 RcFknrt¢n8 Si¥#dard applic#hlc in ihe LIK Bnd R¢public or Ireland. and Ihe Charilie5 A¢1 2011. Th¢ finaDii¥l S[atAL b¢en PT¢pared under ihc htSturi¢sI C05L ¢onscnTion lJtom¢ Ali iTr£omt is rt¢o8niscd in Sialem¢ ofi"Tnancial AdiTrss1itsoJ¢ thc ehariry ¢niiiltm¢ni the funds, it 1.% pN?bahle thAI Iht iM)me will b¢ rteei¥cd Ind Ih¢ mcasur¢d reli•bl>. Eipendlturt l.i&biliiiey art reiQ8ni5td 4s ¢%nditUTe as rhtff 15 • lexal or cortlirvciive obli8at10n ¢ommittin8 th¢ ¢aiii) io Ih41 txprndiiur<, it is probabk ihd¢ # 5(cr olt¢ontsmi¢ tNcfii& %4ill b2 requii¢d in s¢iilem<nl and Ihc amouni of th¢ tsbli881ion can bt mtssuTed r¢liably. l.kp¢ndiiur¢ is accomi¢d for on an &t£ruls basis ind ha5 b¢en ¢lis%ified und¢r h¢adin85 Lh a88reyie all cosi rela rth Ihe care80ry'. Wher¢ ¢asis c8Dn<)t bt direL'tl> aliributed 10 particular headin8$ Ihey habe brtn allocad 111¢$ a basi$ con515nl ¥4iih the use ol rcJourccs. Th¢ ¢haiiiy is excmw from on its ¢h•riknble 11[1¢5. nrcstriilté lunds bc In acthIda'¢ wilh IheL¥riLybl¢ obj¢&¢i%¢$41 the disireiitsn &frh¢ irnst¢es. RL'sif1ii funds can vnl) fi>r pani£ul•r reMricie41 puw5 i¥lthin th¢ objtiis of ihc ¢harii>. Rc51ri¢iiui55 aiise hen tIlled b) Ihv dLW UV Mh¢n fundsare ¢4i)ed fw p4nt¢yl41 rttirickd purKx>&e&. Furthw ¢Kplanaiion of the oaiure ind puTth¢ of cach lund is irKl4ded in thc notes w the lirAnci41 s¢aiemenis Pa8¢ 5
nTF.S TO THF. IANCIAL SI'AI .lF.'T. FOX I"Mk l EAR Z%DED JI MARCH 202J IrVEST.MLNT INC'OME 2023 2022 InL¥T¢sILe1ibI¢ T AUSTEES. REMI.'liL'RA TIOY AWD bEhLFITS I h¢rc wcrt no irusith's i¢muTrer&Lion or othcr bcnefils lor the >ear cndcd J l M•r¢h 2023 ty)r for Ihc ycar ¢ndi'd J l Marlh 2022 Trvsttes ¢ipethscs. I here ¢r¢ rK> trvsit¢s expen5C% P4id in iht >ear end¢d 31 March 2023 nor for the ytar tnded J l Mv¢b 2022. COMPAIi4TIVE5 FOR THE ST A TEleN I OF FIYANC"IAL ACTIVITIES Un¥esiricied funds R¢51r]ed fund Total funds INLor*lF. AID EYDOWhlF.ryTS FROM 7.673 13.3Y2 EXPF.'liDITURE O kdisinB lunJs ÉT 1Tr4COMF.IIF.XPF.NDJTliRF 1602) 38 RE.<-ONCILIA TIOW OF FI'WDS loial lund5 trAou8hi iorwaid 4.536 14.244 18.78L) TOTAL FUNDS CARRIED FORWARD 3,934 P28e 6 conlinutd...
CA - TRIIST .NOTES TO TIIE FINA%iC. F'OR TIIE I'EAII .4T EDJI ozj ANAL Tr SIS OF Tr4kT ASSETS BETWEEty FL'NDS 2023 Totsl funds 2022 K¢siiiti¢d lund fund& C'urTeni asscls 5.918 10.536 16.4J4 5.918 10.536 16.454 MOVEME.IT JP4 Fb',YDS Ai .4.22 Mo%tm1 kn fuThls At 31.3.23 G¢n¢ral futyd 3.934 1.984 5,4 Rt51rlcied fld1 Rtxrici¢d 14.884 14,348J 10,¢164 TOTAL FL'NDS 16.454 NL'I Jnov¢m¢nt in in¢lyd¢d Trn ihe ar¢ 15 follo5.. Intomin8 ie5uurce5 Rty)urc ¢xp¢nJe4 (iains and Iu5srs Movtm¢ni Llnrulrlcttd <JenLYal lun 20.2 118.2761 1,984 Resiricird 27,911 lJl.2591 14.3481 TOTAL FbF4DS Page 8 continued...
CAC TRI'SI- NOTES TO THE F1%4%CIAL F'OR YHfr_ %'F.AR f.DED 31 NIARCH 2023 MOVEft+ltNT IN FI.'NDS- tOAtl•¥ed Cofflprtiv¢s for movemthi ity fund5 Na moiemeni ID fu15 Al At 31 3.22 Ilnresiri¢¢td [•$ eneral I'vnd Re5trkted f4llds 4JJ6 16021 3,934 14,244 640 14.894 TO'IAL Tr'LADS 18.?¥U 38 Comp*iAIiv¢ D¢1 movem¢ni >n furyjs, included in the Abuvt u¢ is tolbw5 InwmiA8 icsources Rex>uTC tMptTrded (xains #nd 105ses Mthkcrncnl In luDds Ilnresttl¢ied fuAds Ci¢n¢t41 773 (6021 R¢$tricted fuThd5 5,719 (5.0791 640 TOT AL FLPIDS 13.3541 38 A Luncnt year 12 monlhs and prior year 12 months cornbined w)silion is as follows.. Al 1.4.21 Ai31J.23 mre5trkltd l¥nds GLneral fund 4J36 1,382 5.918 Rrstrkitd f¥Ddi Resiri¢ied fund 13,7081 10,536 IOI'AL FUNDS 18,780 (2.3261 6.454 P4¢8 ¢vnlinued...
CA TRL TE5 TU"IHTr" F .4%CIAL .4T .ETs . FOR THE YEAR ENDED JI MARCH 202 htinvcd MOVEMENT I. FUVD5 -t{liAt& A turreni yiAr 12 M(lS and 4 pri(x)e 12 monihs cvmbinal mi)%crncni irt incluitsl in the ab¢i%e Artas ftsllows". Incomkn8 rcx)urce5 ReH)urces Movemenr in fuTrds URres¢r1¢d fuRds tien£ral lund 27,933 5,382 R¢stTi¢itd futyds Rtsiri¢itd fund 33.630 137.3381 (3,7081 I'OIAI. FbliDS 61.503 (63,8¥9 J 12.J261 RILAI'ED PARTY DISCLOSlyRF:S Th¢r¢ &4'¢rt Ko r¢l4itd part) Wdnsxiions for Lht)tarcnd¢d J l Marth 2023. P4e9
CAC fRUST &I"AII.EO SI'.4T£NIEfyT OF F'INANC'IAL AC"[ II'ITIES R THLVEARÈYDÈD31 YARCHI• 202? INC'O.ME D ENDOM'IllE.%TS DDnaliDns Ind ItRatlt5 Donaiion5 4¥.140 13.39 lTrvutm¢o1 lTrtorne T(bt•l ltycomlni rtsoyrtt5 13,)92 EXPENDII'lJRE Mcmb¢r I'xp¢nscs F.4uipmcni & Repairs Pr¢tTrises l-xp¥nsrs L¢adL'ts Lx01<$ & Mrelin45 In5tsrattce undries 29,282 186 428 3.157 762 3.jlo 6,462 1.424 264 50.474 lJ.354 Fin*nce B4nk LharBCS 'ruI1 r¢Jl)ufLL'S CXPLnJ¢d 50.535 Ntt Icxpendliuye) I Ineom¢ (2J641 38 'Ihi5 page &)es foTrn paYE ofthe statuior¥ financizl sthitments Pa¥e 10