## ## ## ## ## |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|||||| ## ## ## ||||Page| |---|---|---|---| |Report ofthe Trustees|||1to2| |Independent
Examiner's||Report|| |Statement ofFinancial||Activities|| |Balance Sheet|||| |Notes to the Financial|Statements||6 to 7| |Detailed Statement of|Financial Activities||| ## ## ## ## ## ## ## ## ## ||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## |MOVEMENT IN FUNDS|MOVEMENT IN FUNDS||| |---|---|---|---| |||Net movement|| |||in funds|At 31/3i22| |Unrestricted|funds||| |General fund||216,562|216,562| |TOTAL FUNDS||216,562|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|