Trustees’ Annual Report for the period
From 01/11/2022 Period start date To 31/10/2023 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 specific 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, and 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 | An (unsolicited) donation from PayPal Giving Fund was gratefully received in February 2023 |
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 | Trustee Jonathan Jacobs stepped down from his role in November 2022 |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity holds £500 carried over from the previous period, plus a further £17.96 received during the period from PayPal Giving Fund |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | This reserve is being held to cover operating costs arising |
| Amount of reserves held | Para 1.22 | £517.96 |
| 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 RIVERS TRUST |
|---|---|
| Other name the charityuses | |
| 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 | 01/11/2022 to 22/11/2022 |
||
| Cynthia Medas | Secretary | |||
| 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 |
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 | |
| 05.07.2024 | ||
| 05.07.2024 |
| 1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
1192360 SWIFT AND MAHAICONY RIVERS TRUST 01/11/22 31/10/23 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from |
CC16a |
|---|---|---|---|---|---|---|
| For the period from |
01/11/22 Period start date |
To | 31/10/23 Period end date |
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| Section A Receipts and payments | ||||||
| Unrestricted funds to the nearest £ A1 Receipts - 21/02/2023 PayPal GivingFund 18 - - - - - - Sub total(Gross income for AR)18 A2 Asset and investment sales, (see table). - - Sub total - Total receipts 18 A3 Payments - - - - - - - - - Sub total - A4 Asset and investment purchases, (see table) - - Sub total - Total payments - Net of receipts/(payments) 18 A5 Transfers between funds - A6 Cash funds last year end 500 Cash funds this year end 518 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - 18 - - - - - - 18 - - - 18 - - - - - - - - - - - - - - 18 - 500 518 |
Last year to the nearest £ |
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| A4 Asset and investment purchases, (see table) |
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| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
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| - | ||||||
| 18 | - | - | 18 | - | ||
| - | - | - | - | - | ||
| 500 | - | - | 500 | - | ||
| 518 | - | - | 518 | - |
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 | Carried forward from 31/10/2022 | 500 | - | - | |||||||||||||||
| Donation from PayPal Giving Fund | 21.02.23 | 18 | - | - | ||||||||||||||||
| - | - | - | ||||||||||||||||||
| Total cash funds | 518 | - | - | |||||||||||||||||
| (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 £ | 05/07/24 to nearest £ |
CCXX R1 accounts (SS)
| B2 Other monetary assets | - - |
- - |
- - |
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| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B3 Investment assets | - | - | |||||||||||||||
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| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B4 Assets retained for the | - | - | |||||||||||||||
| charity’s own use | - | - | |||||||||||||||
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| Fund to which | Amount due | When due | |||||||||||||||
| Details | liability relates | (optional) | (optional) | ||||||||||||||
| B5 Liabilities | - | ||||||||||||||||
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| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | Date of approval | ||||||||||||||
| David Medas | 05/07/24 | ||||||||||||||||
| Cynthia Medas | 05/07/24 | ||||||||||||||||
CCXX R2 accounts (SS)
05/07/24
2