Trustees’ Annual Report for the period
From 01/04/23 Period start date To 31/03/24 Period end date
Charity name: Lisa Ullmann Travelling Scholarship Fund
Charity registration number:1203903
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For the public benefit, the advancement of education in the arts, in particular in the field of movement and, dance by the provision of assistance with expenses incurred travelling in the United Kingdom or abroad to attend a conference course of study or to pursue a research project in the field of movement and dance. |
| 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 |
Applications for the travel grants were considered by the Trustees on the basis of the selection criteria which includes the public benefit. Travel grants were made to individuals to travel for projects in India, USA, Argentina, Germany & Brazil. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees are aware of the guidance issued by the Charity Commission on public benefit. When the Charity was reconstituted as a CIO in 2023 the Trustees gave an undertaking to abide by this. |
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 | Travel grants were made to 10 individuals to pursue projects. Reports from the individuals have shown that they have benefitted from their experiences and that they will be using them in their performance and teaching work available to the public. |
|
|---|---|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity’s financial position is healthy. Investment income has increased due to higher interest rates. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | n/a |
| Amount of reserves held | Para 1.22 | None |
| Reasons for holding zero reserves |
Para 1.22 | There is a restricted fund of £10000. |
| 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 | None |
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 | The charity has relied on legacies in the past. Currently, the charity relies on donations, investment income and royalties. |
|---|---|---|
| A description of the principal risks facing the charity |
Para 1.46 | The charity relies on applications from individuals, the number of which has declined in recent years. The charity relies on donations, investment income which will reduce as travel scholarships are distributed in the future. |
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 |
| 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 | The Fund has completed a skills audit and also a list of key skills required. Potential trustees are selected with those having the required key skills given priority. They are interviewed by a sub-committee who make recommendations. All existing Trustees then interview the recommended applicants. |
Reference and Administrative details
| Charity name | Lisa Ullmann Travelling Scholarship Fund |
|---|---|
| Other name the charity uses | LUTSF |
| Registered charity number | 1203903 |
| Charity’s principal address | 1 Hattons Green Cottages Plumpton Green Lewes East Sussex BN7 3DG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| MercyNabirye | DeputyChair | All Trustees | ||
| Andrew Holdsworth | Treasurer | All Trustees | ||
| Avril Hitman | All Trustees | |||
| Rebecca Stancliffe | All Trustees | |||
| Laura Jackson | 09/03/23-31/03/24 | All Trustees | ||
| Karen Brodie | 14/10/23-31/03/24 | All Trustees | ||
| Nichola Ivory- Chapman |
09/03/24-31/03/24 | All Trustees | ||
| Ian Abbott | 18/3/24-31/3/24 | All Trustees | ||
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
R£CISTERED CHARITY NUMBF.R: 1203903 ort ofthc Tnle¢S and Unaudited Financial Statenients for the y Ended 31 Mareh 2024 for Ilmann Travellin Scholarshi Fund Loui5¢ Ncwman & Co Ltd 2 Bath Mews Bath Parade Cheltenham GI0CeSt¢rshire GL53 7HL
Lisa Ullmann Trdvellin Scholarshi Fwhd ontenis f the Financial Statements or the Year Ended 31 March 2024 Page Report of the Tne8 Indcpendent Examinerfs Report Ststemt of FiTJancial Activiues Balance Sheet Notc5 to the Financial Statemellts Detailed StatemeDt of Financial ACtin11e5
Lisa Ullmann TrdvellÉn Scholarshi Fund ort of the Trustees for th£ Yeltr Ellded 31 Mh 2024 The tru5tccs presenttheirrewTrrtwtth the financlal stttcrncntsof the chartty fortheyearended 31 March 2024. The trustees have adopted ihe provisions of the Statement of Rccommended Practic¢ (SORP)'Accounting and Reporting by Chgritie%' issued in March 2(K)5. REFERENCE AND ADMINISTRATtVE DETAIIS Regislcred Charity number 1203903 Primclpal address l H<ttion% CJre¢n Cottsges Plumpton green Lcwes East Sussex BN7 3DG Trustees: Dr Mercy H Nabirye (Chair) Mr J A Holdsworth (Treasurer) Laura Jackson Karen Brodie Nichola Ivory-chaprnan Avril Hiiman Dr Rebecca Stan¢liffe EAura Careless lan Abbott Appoinied 0610312023 2YOI 12020 0910312023 141101?023 0910_3,•0?3 0610_31?023 0610312023 2010512024 1810312024 Independent examlNer Louise Newman & Co Lrd 2 Bath M¢ws Bath Parade Cheltcnham Glouccstershire GL53 7HL STRUCTURE, GOVERNANCE AND mANAGEMEr GDvernin% d•eumeDt The charity was registered as a charitable organisatton on 23july 2023 and is cot)trolled by its governing documenL, and constitutes an in¢otporated cljarity. Risk mana%tmellt The trustecs have a duty to ideniFfy and review thc risks which thc charity is exposed and ts) ensure appmpriate control are in place w provide reasonable assurance against frdud aNJ error. Appn)ved by order of the board of trustus on........ Dr M Nabirye - ICh8ir) Page I
Lisa Ullmann Travellin larshi Fund Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funils 31.3.23 Totsl fijnds Unrestricted fund RestrÉcted fvnd Not tNf.Ol¥llNG RESOURCES Incoming resources from generated funds Voluntary income Royaltie5 Legdcy Invesiment income 1.285 33 1.285 33 315 75 2.738 2,738 835 Total incomlng resources 4,056 4,056 1,225 RESOURCES EXPENDED Charitable #ctivities Granis io Individuals Other resource5 expended 6,750 4.143 6,750 4,143 6.780 Total resources upended 10,893 10.893 9,654 NET JNCOMINGI(0UTING) RESOURCES {6,837} (6.837) 18,4291 RECONCILIATION OF FUNDS Total funds brougbt forward 68.666 10,000 78.666 87,095 TOTAL FUNDS CARRIED FORWARD 10.IM)O 71.829 78.666 The notes forn) pArt of these financial ststements Pag¢ 3
Lisa Ullm n Travelli Scholarshi Fund BAlance Sheet At 31 Match 2024 31.3.24 Restricted Totsl fi&nds fwid 31.3.23 Total funds UnTestri¢ied fithd Not CURRENT ASSETS Cash at bank 61.829 10,IKM) 71.829 78,666 61.829 iO,IMMI 71,829 78,666 NET CURRENT ASSETS 61,829 10.IKM) TOT AL ASSETS LESS CURRENT LIABILITIES 61.829 10.( 71.829 78.666 r4ET ASSETS 61.829 10.( 78.6 78.666 FUNDS Unrestricted funds Restricted funds 61.829 to.) 68.666 TOTAL FUNDS 71.829 The fitthncial siatem¢nts were approved by the Board of Trusiees on .Af&l behalf by.. Dr M Nabirye 4Chairl Mr J A Holdsworth {Trea8urer) The notes fomi part of these r)twicial sthiements Page 4
Lisa Ullann Ttavellin Scholarshi Fund Notes to thc Financial Stat¢mcnts for the Year Ended 31 March 2024 ACCOUNTING POLICIES A£¢ountiRg conTrention The finanLial statements bale bttn prcpared under the historical cosr convention, and accordance with the Financial keporting Sthndard for Small¢r Entitics {effective April 21M18), the Charities Act 2011 and the requirematts of thc Ststement of Recommended Practicc. Accounting and Reporting by ChIlle5. Incoming resources All in¢omEng rcsoltrces ate included on the Siatelneni of Financial Activtties when the charity is legally eMtitled to the income and thc amount can be quanttficd with rrasonable accuracy. Resources expended Expellditure is accounted for on an accruals basis 2nd h&s beet) classified under headings that aggrcgaic all cost related to the category. Wherc costs cannot be dtrectly allribuÉed to panicular headings they have bcen allocated to activities on a basis consisteDI with the use of r£sourceb. Grants offered subject lo conditions which have not been met & the y¢ar end date ar¢ noted as a cotnmitment but ot accrued as expenditure. Txxatifrn Thc charity 15 exempt from on its charitsble activities. aCCOUDtiTrg Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the tnjstees. Restricted ftmds can only b¢ used forparticular rtstricted puwes within the objects of the charity. Restrictions arise when specificd by thc donor or whcn are raised foi particular rcstricied pury)oses. Further explanatioD of the natsTre and pufpose of each fi]nd is Includ in the notes to the fjnancial staternen INVESTMENT th4COME 31.3.24 Inve5tmcni Income 2,738 835 TRUSTEES, REMUNERATION AND BENEFITS There were no trnstccs. rcmunffttion or othcr betlefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no tru#ees' expenses paid for the year ended 31 March 2024 nor foF the yoar ended 31 March 2023. MOVEMENT IN FUNDS Nct movement in fimds At 1.4.23 At 31.3.24 UDrestri¢ted funds Gcnml fvnd 68.666 (6.837) 61.829 Restrirted fund$ Restricted iO,(MX) 10.0 TOTAL FUNDS 78,666 6,837) 71.829 Page 5
Lisa Ullmann Trav¢llin Scholarshi Fund Notts io the Financial Siatetn¢Dts- conlTrDued for the Yea[ Ended i l Mar£h 2024 MOVEMENT IN FUNDS- roDtinued N¢t Tnovement in included in the above arc as follows: Incoming R&sources Movemcnt in expended funds Unrestrieted funds General fund 4,056 {10,893) (6,837) TOTAL FUNDS 4.056 (10 893) 6,837) RESTRICTED FUNDS Thc R¢stricted Fund comprises of unexpended balanccs of larg¢r donattons which the Tnlstces have set &side to cover any unoxpeded expenditure which may arisc SM future. Page 6
Lisa Ulltnann Trdvellin Scholarshi Fund Detailed Statement ofpiTEancial Activiti& for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOMINC RESOURCES VoliiDt#ry income Donations. Legacies Royalti&8 8tHI GTants 1,318 390 IDvesÉmtnt income Invc5tmcnt Income 2,738 835 Total i]iCDmiTrg resoJr¢e5 4.056 1,225 RESOURCES EXPENDED Charitable adfiThTrties Grants to individuals 6.750 6,780 Sllpprt costs Management pSIage and stationery Independent Examiner Fcc Website costS' Insuratt¢e Hire of room Sundry Admin Fee Bank charges 231 222 458 308 91 320 210 1.618 287 134 60 2600 24 Total resources expended Net Imcomel (Expenditure) 110,89.1) 8,429) This page does not forni part of the ststulory fmanciat sthtements Page 7