Trustees’ Annual Report for the period
From 24 January 2020 To 1 April 2021
Charity name: THE GERAINT THOMAS CYCLING TRUST Charity registration number: 1187564
Objectives and Activities
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SORP reference
Summary of the Para 1.17 The Geraint Thomas Cycling Trust
purposes of the charity was launched in October 2021 and
as set out in its aims to support children from 7-18
governing document years-old and has high ambitions
to help children enjoy the sport of
cycling. Over the next 10 years,
the Geraint Thomas Trust wants to
help 5000 children to experience
the sport which has given Geraint
so much.
Summary of the main Para 1.17 and • We will provide a grant fund and
1.19
activities in relation to support programme for young
those purposes for the people.
public benefit, in • We will work in partnership with
particular, the other cycling organisations to
activities, projects or promote cycling.
services identified in • We will develop a network of
the accounts. community volunteer mentors to
support young people’s
participation within the sport.
• We will partner with local
organisations, clubs and schools
who can make referrals and
applications for support from us.
• We will work with others in the
cycling sector including
organisations such as Welsh
Cycling, retailers, other charities.
Statement confirming Para 1.18 • All Trustees act in accordance
whether the trustees with the Charity Commission
have had regard to the guidance on public benefit.
guidance issued by the
Charity Commission on
public benefit
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Additional information (optional)
You may choose to include further statements where relevant about:
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SORP reference
Para 1.38
Policy on grant making
Policy on social
investment including Para 1.38
program related
investment
Para 1.38
Contribution made by
volunteers
Other
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Achievements and Performance
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SORP reference
• The charity was formed during
the reporting period highlighted. It
has however not launched formally
Summary of the main Para 1.20 to its intended audience during
achievements of the this same period. It is fully
charity, identifying the expected that an application
difference the charity’s window for its intended recipients
work has made to the of support will be made during
circumstances of its March / April 2022.
beneficiaries and any
wider benefits to • The delay has largely been
society as a whole. driven by the COVID129 pandemic
which has restricted our ability to
both fund raise, raise awareness of
our purpose and indeed be able to
facilitate any support due to
constant ever changing
government restrictions.
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Achievements against Para 1.41 objectives set
Performance of Para 1.41 fundraising activities against objectives set Investment Para 1.41 performance against objectives Other
Financial Review
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Review of the charity’s Para 1.21 The charity was registered on 24
financial position at January 2020 and these accounts
the end of the period are for the period from this date to
1 April 2021. The charity received
donations of £3,432 in the period
and has not yet incurred any costs.
Therefore as at 1 April 2021 the
charity has a surplus of £3,432.
Statement explaining Para 1.22 The charity’s policy is to hold
the policy for holding reserves for use in future periods
reserves stating why for the purposes of the charity.
they are held
Amount of reserves Para 1.22 £3,432.
held
Reasons for holding Para 1.22 n/a
zero reserves
Details of fund Para 1.24 n/a
materially in deficit
Explanation of any Para 1.23 n/a
uncertainties about
the charity continuing
as a going concern
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• This will largely be through the
business community, other grant
The charity’s principal assisting bodies and personal
Para 1.47
sources of funds donations.
(including any
fundraising)
Investment policy and
Para 1.46
objectives including
any social investment
policy adopted
A description of the Para 1.46
principal risks facing
the charity
Other
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Structure, Governance and Management
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Description of charity’s
trusts:
Type of governing Para 1.25 • The Geraint Thomas Cycling
document Trust is governed by its
(trust deed, royal constitution that was approved
charter) 13/01/2020.
How is the charity Para 1.25 • The charity is formed and
constituted? constituted as a Charitable
(e.g unincorporated Incorporated Organisation (CIO).
association, CIO)
Trustee selection Para 1.25
methods including • Apart from the first charity trustees,
details of any every appointed trustee must be
constitutional appointed for a term of three years by
a resolution passed at a properly
provisions e.g. election
convened meeting of the charity
to post or name of any
trustees.
person or body
• In selecting individuals for
entitled to appoint one
appointment as appointed charity
or more trustees
trustees, the charity trustees must
have regard to the skills, knowledge
and experience needed for the
effective administration of the CIO.
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Policies and Para 1.51 procedures adopted for the induction and training of trustees The charity’s Para 1.51 organisational structure and any wider network with which the charity works Relationship with any Para 1.51 related parties
Other
Reference and Administrative details
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Charity name THE GERAINT THOMAS CYCLING TRUST
Other name the charity
uses
Registered charity 1187564
number
Charity’s principal • The principal office of the TGTCT is Geraint Thomas
address National Velodrome, for Wales, Newport International
Sports Village, Newport, South Wales NP19 4RB.
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Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Adrian Coles
Anne Adams
2
King
3 Mike Leeson
4 Darren Tudor
5 Chris Landon Welsh Cycling
6 Eifion Thomas Geraint Thomas
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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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
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Trustee name Dates acted if not for
whole year
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Funds held as custodian trustees on behalf of others
Description of the assets 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 advise r Accoun Barford Owen Sophia House, 28 Cathedral Road, Cardiff. tant Davies Ltd CF11 9LJ.
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
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) Adrian Coles Position (eg Chair Secretary, Chair, etc) Date 27/01/2022
THE GERAINT THOMAS CYCLING TRUST 1187564
Receipts and payments accounts
24-Jan-20 1-Apr-21 To
For the period from
Section A Receipts and payments
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Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 3,432 - - 3,432
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total (Gross income for AR) 3,432 - - 3,432
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total [ - ] - - -
Total receipts 3,432 - - 3,432
A3 Payments
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - -
Total payments - - - -
Net of receipts/(payments) 3,432 - - 3,432
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 3,432 - - 3,432
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Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Categories | Details | funds | funds | ||
| B1 Cash funds | Total cash funds | to nearest £ 3,432 - - 3,432 |
to nearest £ - - - - |
||
| (agree | balances with receipts and payments account(s)) |
OK | OK | ||
| Unrestricted | Restricted | ||||
| funds | funds | ||||
| B2 Other monetary assets | Details | to nearest £ - - - - - - |
to nearest £ - - - - - - |
||
| B3 Investment assets | Details | Fund to which asset belongs |
Cost (optional) - - - - - |
||
| B4 Assets retained for the | Details | Fund to which asset belongs |
Cost (optional) - |
||
| charity’s own use | - - - - - - - - |
||||
| Fund to which | Amount due | ||||
| B5 Liabilities | Details | liability relates | - - - - - (optional) |
||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | |||
| Adrian Coles |
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CC16a
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Last year
to the nearest £
-
-
-
-
Endowment funds to nearest £
-
OK
Endowment funds to nearest £
-
Current value (optional)
-
Current value (optional)
When due (optional)
Date of approval 1/27/2022