REGISTERED CHARITY NUMBER: 1190683
Report of the Trustees and
Unaudited Financial Statements for the Period 3 August 2020 to 31 December 2021
for
The 64 Trust
V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
The 64 Trust
Contents of the Financial Statements
for the Period 3 August 2020 to 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 13 |
The 64 Trust
Report of the Trustees for the Period 3 August 2020 to 31 December 2021
The trustees present their report with the financial statements of the charity for the period 3 August 2020 to 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The 64 Trust was established with the objectives to advance, for the benefit of the general public and in particular, though not exclusively, for those who reside in Merseyside, such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time.
Public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the future activities of the charity.
The charity delivers public benefit by issuing grants that will assist other charities and not-for-profit organisations in the furtherance of their charitable purposes which will in turn result in a wide range of benefits to the public.There will be a particular focus on supporting charities and organisations that operate within Merseyside.
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The 64 Trust
for the Period 3 August 2020 to 31 December 2021
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE Charitable activities
Since the establishment of the 64 Trust on the 3rd August 2020, as a Board of Trustees we feel that over the last two years as a new charity we have successfully been working towards our aims and goals of supporting other like minded charities, working towards helping the local communities and families who are suffering from the high levels of deprivation and also working towards developing a legacy for the Local Community members of Everton (St Josephs) , Central (Marybone) and Kirkdale area (Vauxhall).
Claire House
One of the first projects the Trustees committed funding to was Claire House Children's Hospice, 1 million pounds has been committed to Claire House from the 64 Trust. To date, a total of £500,000.00 have been donated and the remainder of the donation will be made over the next year. The Trust members met the Claire House Team back on the 27th July 2021, in which the media covered the donation that the trust had made to the Hospice. Parents/Carer and service users also attended the event. Feedback from those who attended the day at Claire House, said it was a very humbling day and that they were honoured to be able to represent the 64 Trust. The event was covered by BBC News, Wirral newspapers, social media but our own local newspaper Liverpool Echo did not publish the positive story about the 64 Trust making this donation to such a well deserving cause. Ian Byrne (MP) presented the first round of funding to Claire House. The trustees receive quarterly reports from the Claire House Team and they attend the West Derby site to see how the funding is being put to use.
As of June 2022 - the Claire House Team have reported that they have spent £161,851 the impact of the funding has gone towards:
1) Starting the refurbishment of the Hydrotherapy Pool and further plans are in place to replace the much-needed lifting equipment around the pool area, so access is made much more accessible for the children and families 2) ICT -new laptops have been purchased to support the staff recruited under the funding from the 64 Trust
3) Cuddle Bed - The trust has been able to purchase the cuddle bed, to support families who's children are at end of life, they have identified that this resource has made such an impact.
4) Seconded Specialised Nurses from Alder Hey and created a support resource to expecting mums under Antenatal Care.
5) Compliment Therapy - resources have been purchased and other equipment which was much needed to support this service. They are also creating a bigger area in order at the hostel, so they are able to reach more of the families/carers who need the therapies to relax and have some time to themselves.
Claire House team have many more projects planned under the funding, this will be reported within the next report.
Legacy Funding for the Community
Since the start of the 64 Trust, the Trustees committed a total of £200,000 to be spent within the 3 community areas of Everton, Central and Kirkdale. The focus of the funding was to work with the communities, to develop community activities and service to support the communities. Since the onset of the funding a lot has been achieved, a Community Development worker is in post to drive forward community activities and work closely with the Vauxhall Neighbourhood Council who is the driving force of the Legacy funding.
Within the first summer the community identified that they would like to have some day trips, so the 64 Trust funded 4 coach trips to Guillvers total of 175 parents and children. Further coach trip was arranged to Blackpool in which 98 adults and children went to Blackpool for the day from the Vauxhall area. Alongside the days trip, other summer activities took place such as the summer playscheme, yoga sessions, arts and crafts, healthy eating sessions, attended reading sessions at the Story Barn Calderstones park and much more to keep the children safe. During the sessions all the children received healthy well balance meals also.
The older members of the community have had day trips to Pantasap, Holy Well and Llandudno, a Christmas day trip was organised to Mold in which was well attended and enjoyed by all who attended.
As part of the legacy funding, support was offered to families in the way of food hampers via the L6 centre, however feedback identified that it would be more beneficial for families to receive weekly food vouchers. So we transferred over to issuing weekly food vouchers to families who were recognised as needing support.
Halloween was celebrated by a movie night.
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The 64 Trust
Report of the Trustees
for the Period 3 August 2020 to 31 December 2021
Christmas - the children attended a Christmas party in which there was a grotto set up and entertainment, feedback from parents said that the children really enjoyed the party.
As part of the legacy funding this year the children have enjoyed day trips during February, Easter, and May. They have had a day trip to Chester Zoo and the Crocky Trail. In May a Jubilee party was held for all the community which was held in the Holy Cross.
Older members of the Community enjoyed St Patricks day celebration; feedback was excellent. During the Easter period the Older members of the Community enjoyed a day trip to Pantasaph and Llandudno. Feedback on social media was positive.
This winter we are looking at setting up a warmer hub for the local community at the Ponnie, in which we will provide warm meals and fun activities for them to take part in, which will hopefully break down isolation that many of them are experiencing after the lock down period, but also, we hope that it will help with the living crisis that so many of them are facing at the present moment.
Under the Legacy funding the Vauxhall Neighbourhood Council have set up a Food pantry which the 64 Trust have been active with. From within the Food Pantry we distributed over a 100 hampers during the Easter Period. The 64 Trust has arranged for a minibus to take members of the community up to the food pantry from St Joseph and Marybone each week.
We have worked closely with the Ok Foundation - by offering funding to them, we have now installed 3 defibrillators within the 3 community areas, and members of the community have been fully trained to use the Defibrillator machines.
Vauxhall Law Centre - Welfare Benefits Worker
Funding has been committed towards supporting a Benefits worker who will specifically provide Benefits and guidance advice to individuals and families of terminal ill people. It is recongised within the North End of the city that people suffer with high levels of Cancer and other illness. The Advice worker has been linking up with the local community offering support each week at the food pantry, he will hold surgeries at the Ponnie and also in Marybone.
Merseyside Play Action
£200,000 has been committed over a 2-year period of which £75,000 has been received by MPAC. The team at MPAC have identified that the impact of the funding is immense, the funding has reached over 104 playschemes across Merseyside ensuring that Youth provision is being delivered during the school holidays. The story of this donation was published in Liverpool Echo.
Other projects have been supported such as :
1) Tuebrook Boxing Club - funding was made available to support refurbishment of the break out area in the boxing club.
2) Fazakerley Federation - funding was provided to them to buy equipment for their food pantry.
3) Maverick Stars - ran a 10 week programme of physical activity to bring parents/children together who had suffered from the impact of drugs or alcohol use.
4) Norris Green Alliance - ran sessions around building a choir, to help combat Mental health, confidence building and community networking.
5) L6 provision has been made in which we have made a donation to the running cost of the L6 Caravan which provides families with the opportunity of holidays. Support to the L6 has also been offered in the way of food donations, ICT equipment, donation of a Van and other areas of support.
6) Beautiful new - funding was provided to Beautiful new beginnings who ran forester school session in Norris green to help combat Anti-social behaviour of young people in the Norris Green area.
7) Autism in Motion - there has been a variety of support offered to Autism in motion which ranges from food donations, funding to help buy equipment to enable to them to set up their own food pantry to support the families and children who access their services, support and funding for them to access of funding for staff via the Kick Start, funding to help with heating bills.
8) Kick Start 2 Health - Donation has been made to BNENC who will be carrying out a pilot project alongside the VNC which they will deliver 4 x 1.5 hrs sessions each Tuesday which include - in door bowling for men, Chair based exercise for residents, bingo, befriending service and arts and craft. They will also take out members of the community once a month.
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The 64 Trust
Report of the Trustees
for the Period 3 August 2020 to 31 December 2021
9) Funding has also been committed towards Spartac Gymnastic Club, the gym club is focused towards offering gym sessions to gymnastic who have a disability. The club will be competing in world championship next year, the funding will go towards supporting the travel needs of the young gymnastics when they go the competition next year.
All of the above projects have completed monitoring forms, provided case studies to identify the impact which the funding has made towards the project. All the feedback has been positive and has identified the hard and soft measure of impact that it is having on individuals or community groups.
There have been some challenges along the way in relation to how they think the funds should be spent. Local Councillor believe that the funding should be plugging the gaps in their provision or even in some cases doing the work for the council. It has been a challenge getting to the position where the 64 Trust is, but when you look back on the positive impact of the funding it surely outweighs the barriers and negativity which we have faced.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The 64 Trust is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 3rd August 2020.
Recruitment and appointment of new trustees
Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Potential risks, once identified, will be monitored and controlled to mitigate any impact that they may have on the organisation in the future.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190683
Principal address
64 Mount Pleasant Liverpool Merseyside L3 5SD
Trustees
Mrs P Connolly (appointed 14.12.21) J Nelson (appointed 14.12.21) A Lundon (appointed 7.12.20) R K Jagota (appointed 5.8.20)
Independent Examiner
V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
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The 64 Trust
Report of the Trustees for the Period 3 August 2020 to 31 December 2021
Approved by order of the board of trustees on 29 September 2022 and signed on its behalf by:
J Nelson - Trustee
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Independent Examiner's Report to the Trustees of The 64 Trust
Independent examiner's report to the trustees of The 64 Trust
I report to the charity trustees on my examination of the accounts of The 64 Trust (the Trust) for the period 3 August 2020 to 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
G J Rummens FCCA V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
29 September 2022
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The 64 Trust
Statement of Financial Activities for the Period 3 August 2020 to 31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 2 | 503,022 |
| EXPENDITURE ON | ||
| Raising funds | 3 | 24,440 |
| Charitable activities | 4 | |
| Community activities | 461,094 | |
| Total | 485,534 | |
| NET INCOME | 17,488 | |
| TOTAL FUNDS CARRIED FORWARD | 17,488 |
The notes form part of these financial statements
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The 64 Trust
Balance Sheet 31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Debtors | 7 | 600 |
| Cash at bank | 18,688 | |
| 19,288 | ||
| CREDITORS | ||
| Amounts falling due within one year | 8 | (1,800) |
| NET CURRENT ASSETS | 17,488 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 17,488 | |
| NET ASSETS | 17,488 | |
| FUNDS | 9 | |
| Unrestricted funds | 17,488 | |
| TOTAL FUNDS | 17,488 |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 September 2022 and were signed on its behalf by:
J Nelson - Trustee
The notes form part of these financial statements
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The 64 Trust
Cash Flow Statement for the Period 3 August 2020 to 31 December 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
£ 18,688 |
|---|---|
| 18,688 | |
| 18,688 - |
|
| 18,688 |
The notes form part of these financial statements
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The 64 Trust
Notes to the Cash Flow Statement for the Period 3 August 2020 to 31 December 2021
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
£
| £ | |
|---|---|
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase in debtors Increase in creditors Net cash provided by operations |
17,488 (600) 1,800 |
| 18,688 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 3.8.20 | Cash flow | At 31.12.21 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | - | 18,688 | 18,688 | |
| - | 18,688 | 18,688 | ||
| Total | - | 18,688 | 18,688 |
The notes form part of these financial statements
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The 64 Trust
Notes to the Financial Statements for the Period 3 August 2020 to 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations RAISING FUNDS Raising donations and legacies Support costs |
£ 503,022 |
|---|---|
| £ 24,440 |
3. RAISING FUNDS
continued...
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The 64 Trust
Notes to the Financial Statements - continued for the Period 3 August 2020 to 31 December 2021
4. CHARITABLE ACTIVITIES COSTS
| 4. | CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|---|
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 5) | Totals | |||
| £ | £ | £ | |||
| Community activities | 461,029 | 65 | 461,094 | ||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| Other | costs | Totals | |||
| £ | £ | £ | |||
| Raising donations and legacies | 21,320 | 3,120 | 24,440 | ||
| Community activities | 65 | - | 65 | ||
| 21,385 | 3,120 | 24,505 | |||
| 6. | TRUSTEES' REMUNERATION AND BENEFITS | ||||
| There were no trustees' remuneration or other benefits for the period ended | 31 December 2021. | ||||
| Trustees' expenses | |||||
| There were no trustees' expenses paid for the period ended 31 December 2021. | |||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| £ | |||||
| Other debtors | 600 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| £ | |||||
| Other creditors | 1,800 | ||||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| in funds | 31.12.21 | ||||
| £ | £ | ||||
| Unrestricted funds | |||||
| General fund | 17,488 | 17,488 | |||
| TOTAL FUNDS | 17,488 | 17,488 | |||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 503,022 | (485,534) | 17,488 | ||
| TOTAL FUNDS | 503,022 | (485,534) | 17,488 |
continued...
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The 64 Trust
Notes to the Financial Statements - continued for the Period 3 August 2020 to 31 December 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 December 2021.
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