Trustees’ Annual Report for the period
From 1 January 2023 To 31 December 2023
Charity name: THE IONE FR A Y EDUCATIONAL CHARITY
Charity registration number: 1197697
Objectives and Activities
| SORP reference | THE OBJECT OF THE CIO, FOR BENEFIT, IS THE ADVANCEM FOR STUDENTS IN THE UK AN LOW-SOCIO-ECONOMIC BAC WITH EDUCATIONAL PERFOR OF BEING OFFERED A PLACE EDUCATION COURSES OR PR THE PROVISION OF BURSARI OF COURSE AND RESOURCE THIS CONSTITUTION SHALLA APPLICATION OF THE PROPE THE PURPOSES WHICH AREN ACCORDANCE WITH SECTION CHARITIES AND TRUSTEE INV (SCOTLAND) ACT 2005 ANDS CHARITIES ACT (NORTHERN THE ADVANCEMENT OF EDU STUDENTS IN THE UK AND JA SOCIO-ECONOMIC BACKGRO EDUCATIONAL PERFORMAN BEING OFFERED A PLACE ON EDUCATION COURSES OR PR THE PROVISION OF BURSARI OF COURSE AND RESOURCE The trustees have had regard issued by the Charity Commi benefit. THE PUBLIC ENT OF EDUCATION D JAMAICA FROM KGROUNDS AND MANCE WORTHY ON HIGHER OGRAMMES VIA ES AND PAYMENT FEES. NOTHING IN UTHORISE AN RTY OF THE CIO FOR OT CHARITABLE IN 7 OF THE ESTMENT ECTION 2 OF THE IRELAND)2008. CATION FOR MAICA FROM LOW- UNDS AND WITH CE WORTHY OF HIGHER OGRAMMES VIA ES AND PAYMENT FEES. to the guidance ssion on public |
|
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | |
| 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 |
|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include f u rther statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
----- Start of picture text -----
SORP reference
----- End of picture text -----
| Achievements and Performance | Achievements and Performance | 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 | During the year the charity received donations from the trustees to allow for the charity to pay educational fees for a student at the East London School of Music. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance | Para 1.41 |
against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity increased its aid provided in the year and also increased receipts. It currently has a healthybalance of reserves. |
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | The charity will always maintain at least one month’s worth of operational costs within reserves |
| Amount of reserves held | Para 1.22 | £12,615 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No uncertainties of the charity’s going concern status. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO – Foundation |
| 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 | Board of Trustees |
----- Start of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and Para 1.51
training of trustees
The charity’s organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any related Para 1.51
parties
----- End of picture text -----
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
----- Start of picture text -----
Charity name THE IONE FRAY EDUCATIONAL CHARITY
Other name the charity uses
Registered charity number 1197697
Charity’s principal address 78 DURLEY ROAD, LONDON, N16 5JS
----- End of picture text -----
Names of the charity trustees who manage the charity
----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Doreen Ione Fray Chair Trustee
Monica Clemence Trustee
2
Elizabeth Bell
Doreen Green- Trustee
3
Tyser
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
----- Start of picture text -----
Charity Name No (if any)
THE IONE FRAY EDUCATIONAL CHARITY 1197697
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2023 31/12/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations 5,939 - - 5,939 8,945
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 5,939 ] - - 5,939 8,945
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 5,939 - - 5,939 8,945
A3 Payments
Tutor Fees 1,920 - - 1,920 149
Accounting fees 200 - - 200 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 2,120 ] - - 2,120 149
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 2,120 - - 2,120 149
Net of receipts/(payments) 3,819 - - 3,819 8,796
A5 Transfers between funds - - - - -
A6 Cash funds last year end 8,796 - - 8,796 -
Cash funds this year end 12,615 - - 12,615 8,796
----- End of picture text -----
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets CCXX R1 accounts (SS) |
Cash in bank Details Details Total cash funds (agree balances with receipts and payments account(s)) |
Unrestricted funds to nearest £ 12,615 - - 12,615 OK Unrestricted funds to nearest £ - - 1 |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - |
Endowment funds to nearest £ - - - - OK Endowment funds to nearest £ - - 19/04/2024 |
|---|---|---|---|---|
CCXX R1 accounts (SS)
----- Start of picture text -----
- - -
- - -
- - -
- - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B3 Investment assets - -
- -
- -
- -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
----- End of picture text -----
CCXX R2 accounts (SS)
19/04/2024
2