## **Trustees’ Annual Report for the period** **From 1[st] Feb 2022 Period start date To 31[st] January 2023 Period end date** ## **Charity name: Friends of Velocity** ## **Charity registration number: 1188321** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The promotion of community**
**participation in healthy recreation for**
**the public benefit. In particular by the**
**provision of grants, facilities and**
**assistance for the sports of gymnastics**
**and trampolining.**| |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|**Due to the end of the fallout from Covid,**
**limited opportunities to fundraise in**
**2022, the cost of living crisis and a**
**change in the Trustees there has been**
**only one fundraising event in the last**
**quarter of 2022. The charity has been**
**dormant otherwise. The finalised funds**
**for this event have still to be collected**
**and banked and will therefore appear in**
**2023’s accounts.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have had regard to the**
**guidance issued by the Charity**
**Commission on public benefit.**| ## **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|**As no fund-raising activity has taken**
**place for the bulk of 2022 and no funds**
**are present in the account, there have**
**been no achievements to note this year.**
**In 2023, we hope to open the application**
**process again as our event at the end of**
**2022 will raise funds. Applications are**
**invited that will benefit the local**
**community in the provision or**
**gymnastics and trampolining for**
**everyone.**| ## **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|**No funds paid in or paid out in 2022.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**N/A**| |Amount of reserves held|Para 1.22|**None**| |Reasons for holding zero
reserves|Para 1.22|**The charity employs no-one (trustees**
**give their time on a voluntary basis) and**
**has not been open for grant applications**
**in 2022 due to being dormant. The**
**charity plans to open to applications in**
**2023 once funds are available again.**| |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|**The event at the end of 2022 should**
**bring in funds in 2023. Again there are**
**concerns regarding limited windows for**
**fund-raising in 2023, but it is hoped that**
**smaller fund-raising activities on a more**
**regular scale may provide a steady**
**trickle of funds and so allow**
**applications for grants to open again.**| ## **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|
**N/A for 2022**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**N/A**| |A description of the principal
risks facing the charity|Para 1.46|**N/A**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Charity Commission Foundation**
**Constitution**| |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|**Every appointed Trustee is appointed**
**for a term of 3 years passed at a**
**convened meeting. Where there are**
**several applications for a Trustee**
**position, a formal interview process**
**takes place and a vote is passed.**| ## **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|
**New trustees are to become familiar**
**with the charter and procedures and**
**also with how the charity is for the**
**overall public benefit.**| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**n/a**| |Relationship with any
related parties|Para 1.51|**n/a**| |Other||| ## **Reference and Administrative details** |Charity name|Friends of Velocity| |---|---| |Other name the charity uses|| |Registered charity number|1188321| |Charity’s principal address|Marsh House Sports & Community Centre
Marsh House Avenue
Billingham
TS23 3HB| ||| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||David Norman|Joint-Chair||| ||Natalie Collins|||| ||Clare Jackson|||| ||Robert Reid|Joint-Chair||| ||AntonyWatson|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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 ## **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)** _Robert Reid_ **Full name(s)** ROBERT REID **Position (eg Secretary,** JOINT CHAIR **Chair, etc)** **Date** 18/11/2023