Combeposters Trustees’ Annual Report 2021 January 2020 to May ## 1. Name, Address and Trustees Name: Combeposters Registered Charity Number: 1187222 Address: Silver Springs, Buzzacott Lane, Combe Martin, ILFRACOMBE, EX34 0LB Trustees during this period: Sara Bennett Elisabeth Byne-Grey Desmond Mottram Jaqueline Smith ## 2. Structure, Governance and Management Combeposters is a CIO, governed in accordance with an approved constitution (association model) dated 6[th] January 2020. Induction and training of trustees is informal, following the guidance provided by the Charity Commission website. No formal policies have been adopted. ## 3. Objectives and Activities The objects of Combeposters are set out in the governing document as follows: - To promote for the benefit of the public, the conservation, protection and improvement of the physical and natural environment in Combe Martin, North Devon and the surrounding areas, in particular but not exclusively by: - a) Providing and organising facilities for composting domestic (noncommercial) garden, compostable vegetative material and redistribution. The activities of Combeposters in this period have been exclusively the collection and sale of woodchip mulch, sourced from domestic premises in Combe Martin. The trustees have complied with their duty to have due regard to guidance on public benefit published by the commission. ## 4. Achievements and Performance During the period covered by this report Combeposters has collected and sold approximately 2te of woodchip mulch (sourced from local residents) earning £317 for the charity. Donations totalling £220 have been made to Combe Martin community organisations. ## 5. Financial Review The bank balance at the end date of this report was approximately £3800 This balance is reserved in three funds: - Sales income: reserved for operating costs, e.g. insurance, shredding etc. approx. £1500 - Recycling credits: reserved for donations to village projects; approx. £1000 - Grants: reserved for specified capital expenditure, e.g. site construction; approx. £1300 Exceptionally, subject to approval by the trustees and the executive committee, Sales and Recycling Credits may be used for expenditure required by another fund. Grants may only be used for the specified expenditure. None of these funds is currently in debt. ## **COMBEPOSTERS RECEIPTS AND EXPENSES 2019 - 2021** **INCOME EXPENDITURE** COUNCIL FUNDING NIL INSURANCE 79.80 RECYCLING CREDITS Thank You Gift to previous site owner 130.00 Legal advice to become charity 390.00 April – June 19 224.40 Fuel 10.00 July – Sept 19 48.96 273.36 SALES Woodchip & Compost 849.60 DONATION 10.00 DONATIONS TO Sea project at Combe Martin school 100.00 Shamickite 2019 50.00 Shamickite 2020 100.00 Village Hall Players 20.00 Computer for Library 100.00 Water Watch Group 250.00 620.00 __________ __________ TOTALS 1132.96 1229.80 **BALANCE SHEET 2019 - 2021** End May 2019 OPENING BALANCE 3901.94 INCOME 1132.96 EXPENDITURE 609.80 DONATIONS 620.00 End May 2021 CLOSING BALANCE 3805.10 Cash in bank 3805.10 Petty cash 20.53