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2021-10-31-accounts

Trustees’ Annual Report for the period

From 16/11/2020 Period start date To 31/10/2021 Period end date

Charity name: SWIFT AND MAHAICONY RIVERS TRUST

Charity registration number: 1192360

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The object of the CIO is to advance such
charitable purposes (according to the law
of England and Wales) as the charity
trustees see fit from time to time, in
particular but not limited to:
1 advancing the education of young
people for the public benefit by making
grants to those in particular from an
African-Caribbean background; and
2 making grants to registered charities.
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		 No charitable giving was undertaken in
this period.
See also Achievements and Performance
below.
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
Charity Commission’s guidance on
public benefit, and have been supplied
with and reviewed the Charity
Commission’s Welcome Pack for
Trustees

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The charity’s Grant Making Policy was
submitted to the Charity Commission as
part of the registration application. It has
now been formally adopted by the
Trustees.
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by Para 1.38

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 The founding Trustees David and Cynthia
Medas wish to gift specific assets
through their wills on their deaths, or
during their lifetimes should funds
become available, for the charitable
purposes identified in Objectives and
Activities above.
The Trust does not actively fundraise and
will pursue the charitable aims desired by
its donors through careful stewardship of
its existing resources, including in due
course the Estate of the founders.
No charitable giving was undertaken in
this period.

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 theperiod		 Para 1.21 The Charity holds £500 donated by
Cynthia Medas in September 2021
Statement explaining the
policy for holding reserves
statingwhytheyare held		 Para 1.22 This reserve is being held to cover
operating costs arising over the next
financialperiod
Amount of reserves held Para 1.22 £500
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

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:
Type of governing document
(trust deed, royal charter)		 Para 1.25 CIO 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 The CIO constitution requires that “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”
The first charity Trustees have been
selected by the founders giving regard to
their probity, their support of the
charity’s objectives, and their relevant
experience with regard both to the
charitable aims and the future
maintenance of the founders’ Estate.
Future Trustees, as and when required,
will be sought in accordance with the
constitution, and with reference to the
Charity Commission’s guidance “Finding
New 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

Charityname SWIFT AND MAHAICONY RIVERSTRUST
Other name the charity uses
Registered charitynumber 1192360
Charity’s principal address 233 Windmill Road
London W5 4DJ

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)
Francesca
Culverhouse		 Trustee
Jonathan Jacobs Trustee
Cynthia Medas Trustee
David Medas Chair
Alec Saunders 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 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)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Legal Catherine Rustomji
Partner		 (until March 2022)
Browne Jacobson LLP
Mowbray House
Castle Meadow Road
Nottingham
NG2 1BJ
Catherine Rustomji
Partner		 (from April 2022)
Shakespeare Martineau LLP
No 1 Colmore Square
Birmingham B4 6AA

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)
Position (eg Secretary,
Chair, etc)
Date
David Ainslie Richard Medas Cynthia Angela Medas


Chair		 Secretary
23.05.2022
23.05.2022
Charity Name Charity Name No (if any) No (if any) No (if any) No (if any) No (if any)
SWIFT AND MAHAICONY RIVERS TRUST 1192360
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
16/11/20
31/10/21		 CC16a
Section A Receipts and payments
Unrestricted
funds		 Restricted funds Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donation from Cynthia Medas 29.09.21 500 - - 500 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 500 - - 500 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
**Total receipts ** 500 - - 500 -

A3 Payments

A3 Payments
-
-
-
-
-
-
-
-
-
Sub total -
A4 Asset and investment
purchases, (see table)
-
-
Sub total -
Total payments -
Net of receipts/(payments) 500
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 500		 A3 Payments
-
-
-
-
-
-
-
-
-
Sub total -
A4 Asset and investment
purchases, (see table)
-
-
Sub total -
Total payments -
Net of receipts/(payments) 500
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 500		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
500
-
-
500
-
-
-
-
-
-
-
-
-
-
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
**Cash funds this year end **
-
500 - - 500 -
- - - - -
- - - - -
500 - - 500 -

Section B Statement of assets and liabilities at the end of the period

Unrestricted Unrestricted Restricted funds Restricted funds Restricted funds Endowment
Categories Details funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Donation from Cynthia Medas 29.09.21 500 - -
- - -
- - -
Total cash funds 500 - -
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted funds Endowment
funds funds
CCXX R1 accounts (SS) Details ~~1~~ to nearest £ to nearest £ 23/05/22
to nearest £

CCXX R1 accounts (SS)

B2 Other monetary assets
-
-


-
-

-
-
- - -
- - -
- - -
- - -
Details Fund to which asset
belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which asset
belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on behalf
of all the trustees		 Signature Print Name Date of approval
David Medas 23.05.2022
Cynthia Medas 23.05.2022

CCXX R2 accounts (SS)

23/05/22

2