## **Trustees’ Annual Report for the period**
**From 1[st] April 2020 To 31[st] March 2021**
## **Charity name: FOREST OF DEAN SCULPTURE TRUST CIO**
**Charity registration number: 1185309**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The object of the CIO is to advance public
appreciation of and education in the arts, in
particular the art of sculpture, in such ways
as the trustees shall from time to time
determine.|
|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|•
Decommissioning of Artwork
•
Provision of new and replacement
Artworks
•
Providing information of relevance
to managing the trail
•
Publicity and promotion
•
Fundraising|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees confirm that they have referred
to the Charity Commission’s general
guidance on public benefit when reviewing
the CIO’s aims and objectives and in
planning future activities. In particular, the
trustees consider how planned activities will
contribute to the aims and objectives of the
Charity.|
## **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|FODST CIO was set up in 2019 to transfer
the activities of The Forest of Dean
Sculpture Charitable Trust, charity number
1059078, under a new constitution to the
CIO. The Charitable Trust intends to
transfer its assets to the CIO once
agreements contracted under the
Charitable Trust have concluded. This has
taken longer than anticipated but are
expected to conclude in early 2022. No
activity took place under the CIO structure
during the period of this Report, however|
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new Trustees are in the process of being recruited to the CIO Board in October 2021 in preparation for the asset transfer.
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|FODST CIO has not undertaken any
financial transactions during the period and
holds nil funds.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Once operational, FODST CIO aims to hold
a minimum of £15,000 in unrestricted
general funds, also known as free reserves,
appropriate to the risks faced by the charity
and the sustainability of different funding
streams. The aim of the reserves policy is
to ensure that the CIO’s future activities are
reasonably protected from unexpected
fluctuations in income and expenditure.|
|Amount of reserves held|Para 1.22|Nil|
|Reasons for holding zero
reserves|Para 1.22|FODST CIO has not yet undertaken any
activity to generate reserves.|
|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|N/A|
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document|Para 1.25|Constitution|
|How is the charity
constituted?|Para 1.25|Charitable Incorporated Organisation (CIO)
Foundation|
|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 CIO shall have a Board of Trustees
comprising at least 3 persons.
New Trustees may be recruited to the
Board at any time by the Trustees. In
selecting individuals for appointment as
Trustees, the Trustees must have regard to
the skills, knowledge and experience
needed for the effective administration of
the CIO.
The Trustees may, by and from their
number and from time to time, elect such
officers (chair, secretary, treasurer) as they
see fit.
Forestry England (“the appointing body”)
may appoint three charity trustees. Any
appointment must be made at a meeting
held according to the ordinary practice of
the appointing body.|
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## **Reference and Administrative details**
|Charity name|Forest of Dean Sculpture Trust CIO|
|---|---|
|Other name the charity uses|FODST CIO|
|Registered charity number|1185309|
|Charity’s principal address|c/o Forestry England
Bank House
Bank Street
Coleford
Gloucestershire
GL16 8BA|
**Names of the charity trustees who manage the charity**
|1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**|
|---|---|---|---|---|
||Sarah Bowden|Co-Chair|||
||Andrew Stonyer|Co-Chair|||
||Nicolas Bury||||
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
N/A
## **Other optional information**
Trustee Joanna Greenhill died on 05/04/2020. The trustee vacancy has been filled by The Very Reverend Nicolas Bury.
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**----- Start of picture text -----**
Signature(s)
Andrew Stonyer
Full name(s) Sarah Bowden
Position (eg Secretary, Co-Chair Co-Chair
Chair, etc)
**----- End of picture text -----**
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Date
2911012021