2022-03-31-accounts - The Cirsium Trust

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Ob ecti	v	es and	Activ	iti	es
					SORP reference
Summary		ofthe purposes		of	Para 1.17	For the public benefit, the advancing	of
the charity		as set out in its				general charitable purposes (according
governing		document				to the law ofEngland and Wales) as the
						trustees see fit from time to time, in any
						part ofthe world for the public in
						general by, in particular but not
						exclusively, the advancement of:
						~ Environmental protection or
						improvement
						~ Education
						~ Health or the saving of lives
						~ The arts, culture, heritage or
						science
						~ Prevention or relief ofpoverty
						~ Other purposes beneficial to the
						community in the UK and
						anywhere else in the world.
Summary activities	ofthe main in relation to those				Para 1.17and 1.19	During this reporting period, the Trustees were largely focussed on
purposes	for the public					strategic considerations about the
benefit, in particular,			the			identification of potential beneficiaries
activities,	projects or					(e.g.to whom grants may be awarded)
services	identified in		the			and the decision making processes
accounts.						underpinning such decisions. The
						Cirsium Trust has only just been
						established, no grants were awarded	in
						this period.
Statement		confirming			Para 1.18	The Trustees are all aware ofthe
whether the trustees			have			guidance issued by the Charity
had regard		to the guidance				Commission on public benefit and have
issued by	the Charity					taken that guidance into account when
Commission		on public				conducting the business ofthe Cirsium
benefit						Trust.

Achieve	ments and Per	formance
		SORP reference
			This is the first	reporting	period for the
			Cirsium Trust.	As such no grants have
			been awarded.	The Charity has
Summary ofthe main achievements ofthe charity,		Para 1.20	accepted a cash donation off5,000and a share donation off200,000 and is in
identifying	the difference the		the process ofconsidering		its first grant
charity's	work has made to		award.
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.

inancial Review	inancial Review
Review ofthe charity's			Para 1.21	The Charity has accepted its first
financial position at	the end			donations	totalling f205,000
ofthe eriod
Statement explaining	the		Para 1.22	First year	ofcharity —funds to be
policy for holding reserves				distributed	in future periods.
statin wh the are	held
Amount of reserves	held		Para 1.22	f216,562
Reasons for holding	zero		Para 1.22	NIA
reserves
Details offund materially		in	Para 1.24	No funds	are materially	in deficit
deficit
Explanation ofany			Para 1.23	There are	no uncertainties regarding		the
uncertainties about	the			charity's	going concern	status.
charity continuing as a going
concern

Additional information (optional)	Additional information (optional)
You ma choose to include	further statements	where relevant	about:
		The principal	source offunding	is
The charity's principal sources offunds (including	Para 1.47	currently from the Trustees
any fundraising)

Description of charity's
trusts:
Type ofgoverning document	Para 1.25	Trust deed	—dated 23 March 2021
(trust deed. roval charter)
How is the charity	Para 1.25	Unincorporated		association
constituted?
(e.9 unin orpofated
association, CIO)
Trustee selection methods	Para 1.25	Appointed	at time ofthe establishment
including details ofany		ofthe Cirsium		Trust.	No further
constitutional provisions e.g.		trustees appointed.
election to post or name of
any person or body entitled
to appoint one or more
trustees

			Statement ofFinancial Activities
		for the	Period 24 March 2021 to 31March 2022
				Unrestricted
				fund
			Notes
INCOMING RESOURCES
Incoming resources from	generated	funds
Voluntary income				205,000
RESOURCES EXPENDED
Costs ofgenerating funds
Investment management costs				11
Governance costs				720
Total resources expended				731
NET INCOMING RESOURCES				204,269
Other recognised gainsllosses
Gains/losses on investment	assets			12,293
Net movement in funds				216,562
TOTAL FUNDS CARRIED FORWARD				216,562

		Unrestricted
		fund
	Notes
FIXEDASSETS
Investments		212,230
CURRENT ASSETS
Cash at bank		5,052
CREDITORS
Amounts falling due within one year		(720)
NET CURRENT ASSETS		4,332
TOTAL ASSETSLESSCURRENT
LIABILITIES		216,562
NET ASSETS		216,562
FUNDS
Unrestricted funds		216,562
TOTAL FUNDS		216,562

		Incoming	Resources	Gains and	Movement in
		resources	expended	losses	funds
Unrestricted	funds
General fund		205,000	(731)	12,293	216,562
TOTAL FUNDS		205,000	(731)	12,293	216,562

INCOMING RESOURCES	INCOMING RESOURCES
Voluntary income
Donations		205,000
Total incoming resources		205,000
RESOURCES EXPENDED
Investment management	costs
Portfolio management
Governance costs
Accountancy		720
Total resources expended		731
Net income before gains	and losses	204,269
Realised recognised gains and losses
Realised gains/(losses) on	fixed asset investments
Net income		204,271