# **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:| 1 |||(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.| |---|---|---|---| 2 |||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.| |---|---|---| |Policy on social
investment
including
program
related
investment|Para 1.38|| |Contribution
made by
volunteers|Para 1.38|| |Other||| 3 ## 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| 4 |||must have regard to the skills, knowledge and
experience needed for the effective administration
of the CIO.| |---|---|---| |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|| 5 ## 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|| 6 9. 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, re￿rt 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 de￿1 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 InCo￿Tated 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 d￿lding 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 aCC￿Ant was o￿ned 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 p￿pare￿I on a ￿￿Ipts and payment basis tax retswerable in relation to donations received under GIft￿d 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'￿ ￿li￿e$ 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 reSponsi￿e for keeww suffiaent accountr.ng records that disclose reasOna￿e 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 reaSona￿e 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 infom￿tIOn 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 ￿quI￿rnents 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 re￿d5 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 balan￿S 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 histori￿1 c05t convention. The acC￿jntS 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 rÈc*ved the charty's trustees. Ernployees There were no employees ¢*JrirKJ the perioj. 15