THE TYMPANUM TRUST
Registered Charity No. 1193257
Annual Report for the period 1[st] April 2022 to 31st March 2023
The Tympanum Trust is a Charitable Incorporated Organisation registered on 26[th] January 2021 by the Charity Commission with registered Charity No: 1193257 hereinafter referred to as the CIO or as the Charity.
Official Address
Currently – 21 Memorial Road, Allestree, Derby, DE22 2NW the residence of the Secretary.
Trustees
During the year the Trustees have been Mrs Eleanor Godwin, Mrs Joanna Loughton, the Rev’d Canon Charles Raven, Mr Richard Swinburn, Mrs Jacqueline Wain and Mr Michael Wingfield. Mr Christopher Buckingham was appointed as Trustee with effect from 6th October 2022.
Governing Document
The Trust is governed by the Constitution Deed of a Charitable Incorporated Organisation dated 26[th] January 2021.
Finance
The Trust’s Bankers are The CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
The financial holding at 1[st] April 2022 was £175,715.19, and at 31st March 2023 was £205,227.53. The figures include £50,000 held under the adopted Policy on Reserves.
No income is received from either central or local government under contracts to deliver services and the CIO has received no grants during the period of the report. The CIO has no employees.
Financial control is exercised by all disbursements being approved by Meetings of the Trustees and regular reports to such meetings by the Treasurer.
Application of Funds
The Trustees have continued to support the Christian Ministry in the parish of Normanton-by-Derby and the wider community. A total of £99,322.52 was made available during the year to enable the continued employment of a Curate, a Minister for Women and the Community, a Youth and Schools Worker and with effect from February 2023, a Women and Children’s Worker. In addition, funding has also been provided for the maintenance of one Ministry Trainee and a second Ministry Trainee from September 2022, under what is known as the “9:38 Scheme”.
Tympanum Trust – Annual Report 1st April 2022 to 31st March 2023 (continued).
The funding is used to provide spiritual support for many local people in both the wider community and the church community. Through the church staff, and the people whom they enable, there is extensive specialist provision locally for children and young people 0-18 years, including those in local state primary schools. In February this year The Ark was introduced where primary aged school children are invited, with parents/carers and other family members, to come to St Giles Church where a warm space is provided with a hot meal and an opportunity to play games, chat to friends, or do homework.
Provision is also made for the local community in the form of a weekly Coffee Morning, a twice monthly Lunch Club, and a weekly Mother and Baby Group. There are also twice weekly sessions with crèche facilities, providing an opportunity to learn English for women for whom English is not their first language. For the past ten years there has been a street party, and a further event is scheduled for 2024.
Accounts for year ended 31st March 2023
The accounts were examined by Mr David Smith FCMA of 18 Farmlands Lane, Littleover, Derby, DE23 2UR. The relevant figures will be included in the Annual Return to the Charity Commissioners which the Trustees intend to submit by the required date.
Reserves Policy
The Trustees undertook the agreed annual review of the Reserves Policy and resolved “that the Trust should seek to maintain a capital sum of £50,000, and unless changed circumstances justify a revision of the policy, will not designate funds that would reduce that retention. This policy is to be reviewed annually and as soon as practicable after the annual meeting”.
Sources of Income
The policy of the Trustees to rely upon direct giving was maintained.
Risk Management
The Trustees have identified and reviewed the major risks to which the charity may be potentially exposed, and systems and procedures have been established to manage those risks.
Signed: J M Wain (Chairman)
Date: 20[th] October 2023
| SUMMARY | ||
|---|---|---|
| € | ||
| AccountBalanceattstApril2O22 | 175715.19 | |
| lncome duringYear | 128834.86 | |
| 304550.05 | ||
| Less Expenditure duringYear | 99?22.52 | |
| AccountBalance at 31 March2023 | 205227-53 | |
| Represented by: | ||
| Balanceat Bank 1stApril2022 | 175715.19 | |
| Deposits | 128834.86 | |
| 304550.05 | ||
| LessWithdrawals | 99322-52 | |
| BalanceatBank31March2023 | 205227.53 | |
| Pluscash inhand | 0.00 | |
| Less unpresented cheques | 0.00 | |
| 205227.53 |
| t | ||
|---|---|---|
| lar Donations | 74388.01 | |
| Donationat Ap | ||
| Donation | 9007 | |
| Relief | 24253 | |
| flat | ||
| Misc income | 2320. | |
| 128834.86 | ||
| EXPENDITURE | ||
| f | ||
| Reimbursement | -7VA4t | Inland Revenue & NESTper |
| 9:38 Reimbursement | ||
| Housing Rental | ||
| HousingRates&Taxe | ||
| ingExpenses | :17 | |
| Bank Charges | -1 | |
| lnsurance | ||
| expenditure | -77 |
| 3uA3/2A23 | 31-Mar-22 | 16-Feb-21 | |
|---|---|---|---|
| HSBC | L8.37 | 38.28 | 38.28 |
| HSBC | 50294.91 | s3089.46 | 53109.46 |
| CafCash | 99224.47 | 67277.25 | 51407.81" |
| CafGold | 24313.54 | 2414:7.81_ | 74L43.L4 |
| CafPlat | 3].376.24 | 31r-52.39 | 3L156.37 |
| Total atbr | 205227.53 | 7757L5"79 | 159855.06 |
| Cash inhe | 0 | 0.00 | 0.00 |
| TOTAL | 245227.53 | 1757L5.L9 | 159855.06 |
Report on the Financial Records of Tympanum Trust – year ending 31 March 2023
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A spreadsheet files was provided for the financial year ending 31 March 2023.
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Bank statements were also provided for the period.
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All transactions from three sets of monthly bank statements (chosen randomly) were marked off the relevant spreadsheets to ensure each transaction had been recorded accurately. This represents approximately 25% of the transactions in the financial period.
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The summary of the BOs for each month examined was found to agree with the bank transaction summary sheets, namely: 01_Apr 22,09_Dec 22 and 10_Jan23.
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Other credits and debits were found to be posted accurately with the bank transaction summary sheets. There were no errors or omissions found, except for two receipts in December 2022 (Liz Bartholomew £2000 and Barbara Allen £500) were actually recorded on the November sheet. This did not have an impact on the result for the year.
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The totals from the bank transaction summary sheets were recorded accurately on the sheet IncExpSumm .
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The totals from IncExpSumm were accurately transferred onto the P&L sheet recording total Income and Expenditure for each period.
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The opening and closing bank balances on each Trends sheet were validated by examination of the actual bank statements.
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The formulae in the spreadsheets appear to have integrity. The coding used to analyse income and expenditure into their constituent elements has not been checked for consistency nor accuracy.
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I conclude that the spreadsheets show a true representation of the financial position of the Trust for the period examined.
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I attach a copy of my working file that identify the checks undertaken.
David A Smith FCMA
23 September 2023