Trustees’ Annual Report for the period
From Period start date To Period end date
Charity name:
Charity registration number:
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of education of the public in the knowledge and understanding of investment management, the role of investment managers and related aspects of personal finance. |
| 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 |
General Charitable Purposes Education/training Other Charitable Purposes |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes |
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
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 | Providing bursaries to students who want to pursue a career within the investment management industry but do not have a direct link into the industry. In addition, mentorship is provided. |
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 | Charity continued to build its funds to help its cause. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | Cash held for donating to supporting causes |
| 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 |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 |
Structure, Governance and Management
| Description of charity’s trusts: |
CIO | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| 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 | Elected by the board of trustees. |
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 | THE INVESTMENT MANAGERS'CHARITABLE TRUST |
|---|---|
| Other name the charity uses | IMCT |
| Registered charity number | 1185382 |
| Charity’s principal address | 29 Langford Crescent Cockfosters BARNET London EN4 9EG |
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 (ifany) |
|---|---|---|---|---|
| AnthonyYadgaroff | Chair | |||
| Celia Soares | Secretary | |||
| Tarandeep Panesar |
Treasurer | |||
| Melissa Longley | Immediate past Master of the GoIM - Trustee |
|||
| Henry Pollard | Master of the GoIM - Trustee |
|||
| Roberta Sanminiatelli |
Trustee | |||
| Andrew Bell | Trustee | |||
| Erik Berggren | Trustee | |||
| Virginia Salter | Trustee | |||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A 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
N/A
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Tarandeep Panesar Full name(s) Anthony Yadgaroff
Position (eg Secretary, Chair Treasurer Chair, etc)
Date
25/06/2024
The Investment Managers' Charitable Trust
1185382
Receipts and payments accounts
ts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a 10/1/2022 9/30/2023
For the period from
To
Section A Receipts and payments
Total funds - Total funds - Current year Last year to the nearest £ to the nearest £
A1 Receipts
| CAF Cheques | - | 2,663 | |
|---|---|---|---|
| Corporate Donations | 2,219 | 11,500 | |
| Individual Donations | 4,411 | 1,015 | |
| Interest EarningAccount CCLA | 82 | - | |
| Gift Aid | - | 815 | |
| Compensation | 200 | - | |
| **Total receipts ** | 6,912 | 15,992 |
| A3 Payments Website Development and Maintenance 432 Insurance Fees 190 RegulatoryFees 35 Platform Fees - Donations Made 1,500 BursaryPayments 496 Total payments 2,652 Net of receipts/(payments) 4,260 A5 Transfers between funds - A6 Cash funds last year end 66,478 Cash funds this year end 70,738 |
A3 Payments Website Development and Maintenance 432 Insurance Fees 190 RegulatoryFees 35 Platform Fees - Donations Made 1,500 BursaryPayments 496 Total payments 2,652 Net of receipts/(payments) 4,260 A5 Transfers between funds - A6 Cash funds last year end 66,478 Cash funds this year end 70,738 |
|
|---|---|---|
| Website Development and Maintenance | 432 | 432 |
| Insurance Fees | 190 | 190 |
| RegulatoryFees | 35 | 40 |
| Platform Fees | - | 29 |
| Donations Made | 1,500 | 1,250 |
| BursaryPayments | 496 | 715 |
| **Total payments ** | 2,652 | 2,656 |
| Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
||
| 4,260 | 13,337 | |
| - | - | |
| 66,478 | 53,142 | |
| 70,738 | 66,478 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds Signed by one or two trustees on behalf of all the trustees |
Details Total cash funds Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 70,738 70,738 OK Print Name Anthony Yardgroff Tarandeep Panesar Unrestricted funds |
Date of approval |
|---|---|---|---|
| Anthony Yardgroff | 6/24/2024 | ||
| Tarandeep Panesar | 6/24/2024 |