Report of the Trustees of the Mayor of Felixstowe Charity Fund For the Year Ended 31" May 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number". 1184138 Registered Offica: Town Hall Felixstowe IP112AG Trustees: Seamus Bennett Mike Deacon Sharon Haikin All trustees serve in a voluntary capacity. STRUCTURE, GOVERNANCE AND MANAGEMENT The Mayor of Felixstowe Charity Fund is controlled by its governing document, the Constitution dated 26"June 2019. OBJECTIVES AND AIMS The charity's objects I'the objects'l are.. For the benefit of Such charitable purpose or purposes according to the18ws of England and Wales, or such charitable organisation, in particular but not exclusively for the benefit of the residents of Felixstowe as the trustees shall decide. REVIEW OF 2023124 The Mayor of Felixstowe Charity Fund was formed in June 2019 to administer funds raised by the Mayor in each municipal year. In the civic year 2023124, Cllr Seamus Bennett as Mayor of Felixstowe. raised funds for the following four nominated charities: National Coastwatch Institutlon- Charity number: 1159975 Felixstowevoluntoer Coast Patrol & Rescue Services- Charity number: 1082443
Boost Felixstowe Ltd- Charity number= 1083875 Pushchair Pitstop- Ch8rity number= 1135596 (operating 8s part of the Parochial Church Council of the Ecclesiastical Parish of Felixstowe. St John the Baptist with St Edmund) Fundraising Events Included". Quiz Night Fashion Show Curry Night Boost Concert NCI Heritage Open Day Pitstop Mania Auction of Promises Boat Pull l Disco Sponsored Coast to Coast Bike Ride Mayor's Charity Ball Civic event collections and donations Amongst the various successful events, the Fashion Show and Mayor's Charity Ball were particularly well received. demonstrating strong community support, and pledges from the sponsored bike ride exceeded £7,000. FINANCIAL REVIEW Income: £26,682.65 Expenditure: £26,014.84 Net movement In fundsfor theyear: £667.81 The Trustees note that, due to increased charitable fundraising activities, the charity once again exceeded the £25,000 threshold for audit. As such, the 8ccounts have been reviewed and SIEned by an MAAT-qualified independent examiner. Funds were distributed equally to the four nomin8ted charities once 811 fundraising 8Ctivities were settled. PUBLIC BENEFIT STATEMENT The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planningfuture activities. The fLJndraising efforts of the charity provide direct benefits to Local organisations that support the Felixstowe community, helping services that might otherwise struggle for funding. Th8 selection of recipient charities each year ensures that a broad range of social. health, and welfare needs are supported, improving the lives of residents across the town.
RISK MANAGEMENT The Trustees recognise the importance of risk management 8nd acknowledge that there is a need to develop a more structured approach to identifying and mitigating risks. Areas of potential risk include financial oversight, governance, event-rel8ted liabilities. 8nd maintaining public trust. Going forward, the Trustees will work towards implementing a more formal risk assessment process. PLANS FOR THE FUTURE Since the formation of the Mayor of Felixstowe Charity Fund in May 2019. the pandemic during 2020121 and the ongoing cost of living crisis have reinforced the importance of supporting Ioc81 charities. The Trustees will continue to focus on raising funds and increasing the visibility of charities that provide the greatest impact to the Felixstowe community. In approvingthi$ Annual Reportthe Trustees declare thattherewere no Serious incidents or other matters relatingtothe charity overthe financialyearthat should have been brought tothe attention ofthe Charity Commission. Howeverthe Trustees acknowledge thatthe accounts forthe year 2022-23 were inadvertently submitted late due to an administrative oversight. The Trustees have taken stepsto address this and ensurethat acGounts are submitted in a timely manner in future. Signed Date
Mayor of Felixstowe Charity Fund EXAMINATION CERTIFICATE FOR THE CHARITY ACCOUNTS Charity No: 1184138 Year Ending 31rt May 2024 I have examined the accounts comprising the Charity accounts together with all the relevant supporting documents and have obtained all the necessary information and explanation relating to these accounts. I certify that the final accounts present an accurate picture of the activities an transa ns undertaken on behalf of the Charity. Signed: Independent Examiner- Date -