Myra Mullins Memorial Trust
Annual Report and Accounts for the period 26/04/2022 - 05/04/2023
Trustees:
Graham Rowles Peter Victor Joslin Patricia Wilson
During the period under review there has been no change of Trustees. They remain as shown above.
Activities
In view of the inability of the Trustees to find volunteers paid or unpaid, to carry out the objectives of the charity there have no fund raising or pastoral activities carried out on behalf of the charity. Hence the accounts below show no donations being received or payments being made out to volunteers or beneficiaries.
Investment
The Trustees approach to investment has been to follow a low risk approach. Although they appreciate that inflation has the affect of eating into the purchasing power of the capital. Nevertheless they are comfortable in holding the assets of the charity in two fixed rate, fixed term accounts as shown below:
-
£30,000 held in United Bank 1yr Fixed Term account – 1% interest
-
£27,000 held in Cambridge and Counties 2 yr Fixed Term account – 1.15%
The United Bank account matured on 14[th] November 2022 and has been reinvested as follows:
£30,293.42 held in United Band 2yr Fixed Term Account – 4.2% interest
Receipts and Payments and Asset and Liability statement
| Receipts | Date received |
Amount | Expen ses |
Amou nt |
|
|---|---|---|---|---|---|
| Interest from United Bank account |
14/11/2022 | £293.42 | None | £0 | |
| Assets | Liabilities | ||||
| £57,293.42 | Nil |
Statement for the period 26/04/2022 - 05/04/2023
24[th]
Carole Nicholls January 2024