Trustees’ Annual Report for the period from 01/12/2021 to 31/03/2023
Charity name: MAKARIOS CIO
Charity registration number: 1196867
Table of Contents
| 1. | Objectives and Activities .................................................................................... 1 |
|---|---|
| 2. | Additional information: Policy on grant making ............................................ 1 |
| 3. | Achievements and Performance ....................................................................... 4 |
| 4. | Financial Review .................................................................................................. 4 |
| 5. | Structure, Governance and Management ........................................................ 4 |
| 6. | Reference and Administrative details .............................................................. 5 |
| 7. | Names of the charity trustees who manage the charity ............................... 5 |
| 8. | Declarations ......................................................................................................... 6 |
| 9. | Accounts ............................................................................................................... 7 |
1. Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO are, for the public benefit, to further such exclusively charitable purposes as the charity trustees in their absolute discretion see fit, in particular (but without limiting the foregoing) by making grants to organisations operating in both the United Kingdom and overseas that: (1) benefit children with disabilities and people living in extreme poverty; and (2) advance the Christian faith by providing pastoral care to those in need. |
| 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 |
The main activities are to make grants benefitting children with disabilities and people living in extreme poverty; and advancing the Christian faith by providing pastoral care to those in need. A bank account was opened with Metro Bank on 10 January 2023 from which these grants will be made. For the accounting period until 31/03/2023, donations of GBP 1,314.00 were received. No activities have been launched until 31/03/2023. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit |
Para 1.18 | The Trustees have used CHARITIES SORP (FRS 102) (second edition – October 2019) as issued by the Charity Commission for England and Wales. |
2. Additional information: Policy on grant making
| SORP reference |
||
|---|---|---|
| Policy on grant making |
Para 1.38 | 1. Purpose 1.1 The purpose of this policy is to set out the principles, criteria and processes that govern how the CIO makes grants in line with its domestic and international priorities. 1.2 A grant is a financial award made by the CIO from its funds to support charitable activities, usually to registered charities or equivalent overseas organisations. 2. Objectives The Trustees will apply the funds of the CIO in accordance with its charitable objectives at clause 3 of the Constitution: “The objects of the CIO are, for the public benefit, to further such exclusively charitable purposes as the charity trustees in their absolute discretion see fit, in particular (but without limiting the foregoing) by making grants to organisations operating in both the United Kingdom and overseas that: |
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| (1) benefit children with disabilities and people living in extreme poverty; and (2) advance the Christian faith by providing pastoral care to those in need.” 3. Governance The Trustees govern the CIO’s grant making by setting: • Grant making principles which ensure that decisions are ultimately made by the CIO’s Trustees; and • Grant making criteria which state the activities the Trustees wish to support in furtherance of the CIO’s objects. 4. Grant Making Principles 4.1 The number of projects which can be supported is, of necessity, limited to the level of funds available for distribution in any year and it is the Trustees’ preference to award fewer grants (typically between 3 and 10) of a higher value rather than many small grants. 4.2 The decision on which charities and organisations are to receive grants is at the discretion of the Trustees and will be decided by a majority vote. 4.3 The lowest amount that a grant will normally be made for is £1,000. 4.4 Public applications for project funding will not be invited for the foreseeable future however any that are received unsolicited may be considered on their own merit at the discretion of the Trustees. 5. Grant Making Criteria In shortlisting the charities and organisations to support, the following criteria will be considered: • Demonstrated track record of effectiveness in meeting its aims. • Financial responsibility. • Avoidance of duplication of charities serving similar needs. • A mixture of national and international charities, organisations or bodies. • Emphasis on charities, organisations or bodies that offer a high degree of visibility on their activities and effective communication with philanthropists / donors. 6. Due Diligence The Trustees will carry out sufficient due diligence on any proposed recipient organisation with the aim of ensuring that: • the identity of the organisation is ascertained; • funds will be applied effectively and efficiently in furtherance of the objects of the CIO; and • funds are not used for money laundering, terrorist finance, bribery or other unlawful purposes. |
(1) benefit children with disabilities and people living in extreme poverty; and (2) advance the Christian faith by providing pastoral care to those in need.” 3. Governance The Trustees govern the CIO’s grant making by setting: • Grant making principles which ensure that decisions are ultimately made by the CIO’s Trustees; and • Grant making criteria which state the activities the Trustees wish to support in furtherance of the CIO’s objects. 4. Grant Making Principles 4.1 The number of projects which can be supported is, of necessity, limited to the level of funds available for distribution in any year and it is the Trustees’ preference to award fewer grants (typically between 3 and 10) of a higher value rather than many small grants. 4.2 The decision on which charities and organisations are to receive grants is at the discretion of the Trustees and will be decided by a majority vote. 4.3 The lowest amount that a grant will normally be made for is £1,000. 4.4 Public applications for project funding will not be invited for the foreseeable future however any that are received unsolicited may be considered on their own merit at the discretion of the Trustees. 5. Grant Making Criteria In shortlisting the charities and organisations to support, the following criteria will be considered: • Demonstrated track record of effectiveness in meeting its aims. • Financial responsibility. • Avoidance of duplication of charities serving similar needs. • A mixture of national and international charities, organisations or bodies. • Emphasis on charities, organisations or bodies that offer a high degree of visibility on their activities and effective communication with philanthropists / donors. 6. Due Diligence The Trustees will carry out sufficient due diligence on any proposed recipient organisation with the aim of ensuring that: • the identity of the organisation is ascertained; • funds will be applied effectively and efficiently in furtherance of the objects of the CIO; and • funds are not used for money laundering, terrorist finance, bribery or other unlawful purposes. |
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|---|---|---|---|
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| The Trustees will take a risk-based approach to due diligence, with risk factors including: • the country and region in which the project is to be carried out; • the availability of reliable information about the project and the organisation/s and personnel involved in it; • the strength and history of the relationship between the recipient organisation and the CIO; and • the amount of funding requested and the period of time over which the project is to be carried out. 7. Funding Conditions Funding will in all cases be subject to conditions including: • that the funding may only be used for the purposes as agreed by the Trustees when agreeing to provide funding; • that the project will be conducted in accordance with all local applicable laws, regulatory requirements and working practices; • that, in the case of projects involving children or vulnerable adults, suitable safeguarding policies and procedures are in place; • that no material changes will be made to the project unless they have been approved in advance by the Trustees; • that the recipient organisation will provide such written reports as the Trustees may reasonably require in order to satisfy themselves that the funds are being properly applied; • that the recipient organisation will provide reasonable assistance to enable the CIO or its agents to seek assurance that the funds are being properly applied; and • that the recipient organisation holds any unspent funding as a restricted fund and, in the event of it not being required or used for the project within a reasonable timescale, that the unspent funds are returned to the CIO. 8.Amendments The Trustees mayvarythe terms of thispolicyfrom time to time. |
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|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
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3. 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 | See ‘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.’ |
4. Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | A bank account was opened with Metro Bank on 10 January 2023 from which grants will be made. For the accounting period until 31/03/2023, donations of GBP 1,314.00 were received and no grants were made. See a copy of MAKARIOS CIO’s accounts attached to this report. |
|---|---|---|
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| 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 |
5. Structure, Governance and Management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | MAKARIOS CIO is a Charitable Incorporated Organisation whose only voting members are charitytrustees. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | MAKARIOS CIO is based on a ‘Foundation’ model constitution, with appointment of charity trustees being the following: (1) Apart from the first charity trustees, every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as appointed charitytrustees,the charitytrustees |
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| must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
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|---|---|---|
| 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 |
6. Reference and Administrative details
| Charityname | MAKARIOS CIO |
|---|---|
| Other name the charityuses | |
| Registered charitynumber | 1196867 |
| Charity’s principal address | 3 Mill Island House Glen Island Taplow SL60BN |
7. Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates appointed | Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Eve Laurence Maria Human |
Trustee | 1 December 2021 | ||
| Simeon Deo Hannes Human |
Trustee | 1 December 2021 | ||
| Benjamin Delon Human |
Trustee | 1 December 2021 | ||
| Delon Hannes Human |
Trustee | 1 December 2021 | ||
| Corlea Johanna Van Heerden Human |
Trustee | 1 December 2021 |
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8. Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) | CJVanHeerdenHuman | |
|---|---|---|
| Full name(s) | Corlea Johanna | Van Heerden Human |
| Position (eg Secretary, Chair, etc) |
Authorised official | |
| Date | 4 January 2024 |
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- Accounts Charity Regi51ration No. 1196867 MAKARIOS CIO TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023
MAKARIOS CIO LEGAL AND ADMINISTRATIVE INFORMATION TTustsBs Mr D H Human Mrs C J Van Heerden Hurnan MrSDHHuman Mr B D Human Mrs E L M Human Charity numbèr 1196867 Principal address 3 Mill ISlar House Glen Island TAPLOW SL6 OBN Accountants Craufvrd Hale LLP CIO Craufurd Hale Ground Floor. Arena Court Crw Lane MAIDENHEAD SL6 8QZ
MAKARIOS CIO CONTENTS Trustees, rert Attountsnts. report ststement of finanoal activth.es Balance sheet Notes to the accounts
MAKARIOS CIO TRUSTEes' REPORT FOR THE PERIOD ENDED 31 MARCH 2023 The trustees present their report and accounts for the period ended 31 March 2023. The accounts have been prepared in accordance wth thè accounting policies set out in note 1 to tt)e accounts and cornply wth the charity's governirg document. the Charities Act 2011. Structure, governanco and management The charty was established by a charitable trust de1 on 1 ember 2021_ The twstees who served during the pericKI were." Mr D H Hutna Mrs C J Van Heerden Human MrSDHHuman Mr B D Human Mrs E L M Human (Niwnted 1 December 20211 IAppointed 1 Decemb&r 20211 IAppointed 1 December 20211 (Appointed 1 Detetnber 20211 I&Dpointed 1 December 20211 The charty is a CharitsNe InCoTated Organisation ICE0274071 registered at the Charity Commission 111968671. The trustees has assessed the majcf risks to which the charity is exposed, and are sats'sfied that systems are in ace to mitgate exwsure to tt)e major nsks. Obj8ctiV8s and activitios The charity's objects are, for the public benefit. to further such charitable purposes as are exclusively charitsble according to the laws of England and Wales as the charity ttustees in their ab501ute discretion see fit. in particular (but without limitsng Ihe for4angl by making grants to organisations operating in both the United Kingdom and overseas that". 1. Rdieve children with disabilities and people in extreme povety., and 2. Advance the Chris*"an faith ty providing pastoral Care to those in need. The trustees have paid due Tegard to guidance i55ued by the Charity COmm15s in dlding what aCtiv"e5 the charity should undertake. Achievements and perfom)ance The main activities are to make grants benefitting children wth disabilib.es and people Iwing in extreme povety". and advancing the Christian faith by providing pastoral care to Ihose In ne. Abank aCCAnt was oned with Metro Bank on 10 January 2023 trom which these grants wll be made. For the accounting period until 31 March 2023, donations of GBP 1.314.00 were received. No actiwties have been launched until after 31 March 2023. Financial r•vi•w A bank account was opened wth Metro 8ank on 10 January 2023 from which grants Mfjll be rnade. For the accountirKJ period until 31 March 2023, donations of GBP 1,314.00 were received and Th) grants were rnade. % Ihe acix)unts have been ppareI on a Ipts and payment basis tax retswerable in relation to donations received under GIftd are recognised on date of receipt. io
MAKARIOS CIO TRUSTEES, REPORT {CONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2023 Statement of trustees. responsibilities The trustees are respDnsible for prepariw Ihe Tru5tee5' Report and the aowunts in a¢xx)rdance with applicable Iwr4 and United "ngdoM Accfjunts"ng Standards (United Kingdom Generally Accepted Accounting Practice). The law apFAicable to chanties in England and Wales requires the trustees to prepare accounts for each financial year Nthich give a trne and fair vivw of the stale of affairs of the tharity and of the ineoming resources and application of resources of the charity for that period. In preparing these accounts, the trustees are required to.. - select suitsble accounts' lie$ and then apply them consistenly,. - makeiuduemènts and estimates that arè reasonable and prudent.. slate whether applicable accounting standard5 have been follo¢d. subj'ect to any rnaterial departure5 disdosed and explained in accounts,. and prepare the accounts on the going concem basis unless it is inappropriate to Surne that chanty wll continue in operation. trustees are reSponsie for keeww suffiaent accountr.ng records that disclose reasOnae accuracy at any time the financial Posits' of the charity and enable them to ensure that the accounts comply wth the Charities Act 2011. the Chanty IAc¢ounts and Reports) Regulations 2008 and the provi5ion5 of the trust deed. They are also respongble for safeguarding the assets of the charity and hence for takn'ng reaSonae steps for the prevention and detection of traud and other irregularities. On behalf of *)ard of trustees Mrs C J Van Heerden Hurnan Trustee Dated.. 11 January 2024 li
MAKARIOS CIO ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED ACCOUNTS OF MAKARIOS CIO FOR THE PERIOD ENDED 31 MARCH 2023 In order to assist you to fijlfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of Makarios CIO for the period ended 31 March 2023, set out on pages 4 to 6 frc*n the charitys accounting records and frorn infomtIOn and explanats'on5 you have given us. As a pradising memberfirm of the Institute of Chartered Accountants in England and Wale5, we are subject to its ethi¢al and other professional quIrnents whi¢h a detailed at i¢aew.¢omlregulation$. This report is made to the charity's as a body, in accordance wth the terms of our engagement letter dated 8 January 2024. Our work has been undertaken 501ely to prepare for your approval the accounts of Makarios CIO and state those matters that we have agreed 10 State to the charity's as a body. in this report in accordance wrth AAF 2110 a5 detailed at icaew.comlcompilation. To the fullest extent permitted by law. we do not accept or assume reswn$ibilty to anyone other than Makario$ Clo and the ¢harity'$ ttustees as a body. for our work or for this report. It is your duty to ensure that the charity has kept adequate accounting red5 and to prepare accounts that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt frorn the statutory audrt requirement for the period, and is not required to obtain an independent examiner's report. We have not been instructed to carry out an audit or a review of the accounts. For this reason. we have not verified the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do mt, therefore, express any opinicfi on the accounts. Craufurd Hal8 LLP Accountants CIO Craufurd Hale Group ound Hwr. Arena Court Cruwn Lane MAIDENHEAD SL6 8QZ Dated." 11 January 2024 12
MAKARIOS CIO STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2023 Unrostricted funds T¢xal 2023 Donations and legaue5 1.314 1,314 Net income for the yearl Net rnoverrbpnt in funds 1.314 1,314 Fund balanS al 1 December 2021 Fund balan¢8s at 31 htsrch 2023 1.314 1,314 13
MAKARIOS CIO BALANCE SHEET AS AT 31 MARCH 2023 2023 Current assets Cash at bank and In hand 1,314 Total assbts léss eurrbnt li&bilitiès 1.314 Income funds Unrestricted funds 1.314 1.314 The ac(%)unts We approved by thè Trusteès on 11 January 2024 Mts C J Van Heerden Human Trustee 14
MAKARIOS CIO NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023 Accouming polici89 1.1 Basis of preparation The acwunts have been prepared on a receipt5 and payments basis under the histori1 c05t convention. The acCjntS have been prepared in accordance wth applicable aecounling standards. 1.2 Inc¢)ming re5ource5 l incoming re50urce5 were unrestricteil and Hre recogni5ed on a [lp1S bas5. 1.3 Incom& funds l fijnds are unrestricted and are represented by the cash at bank balance. Donations and18gaci8$ 2023 Donations and grfts 1.314 Trustees None of the trustees lor any persons connected Mrylh thernl received any remuneration or raTnbursed expen5e5 during the period. Induded In donations is £1,314 rÈcved the charty's trustees. Ernployees There were no employees ¢JrirKJ the perioj. 15