## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 20th March 2024 **To** 31st March 2025 ## Section A Reference and administration details **Charity name Other names charity is known by Registered charity number (if any)** 1207545 The Kevin Thomas Memorial Fund CIO **Charity's principal address** Gilfach Farm Llangorse Brecon, Powys **Postcode** LD3 7UH ## **Names of the charity trustees who manage the charity** |1
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16|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Mr David W
Meredith|Chair||| ||Mr Lawrence F
Duffy|||| ||Mr Ryan J M
Thomas|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** CIO Foundation Constitution dated 29th January 2024 Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted - (eg. trust, association, company) Trustee selection methods Appointed by the charity trustees - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; The charity is a newly registered Charitable Incorporated Organisation. During the period the trustees focused on establishing governance arrangements, including adoption of the constitution, trustee roles, banking arrangements, and preparation of grant-making policies. The trustees have identified the principal risks as ensuring appropriate due diligence in grant-making and compliance with charity law. These risks will be managed through formal application procedures, trustee review of applications, and ongoing monitoring of awards where appropriate. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** **Summary of the objects of the** The charity’s objects are to promote the education of people, especially **charity set out in its** those under the age of 30, in mid- and south-Wales, particularly in the **governing document** historic county of Brecknockshire, in the fields of outdoor leadership and the conservation, protection and improvement of the natural environment. This includes making grants to individuals and organisations in furtherance of those purposes. **TAR** 2 **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** During the period the charity did not undertake grant-making or other charitable activities. This was a start-up period following registration, during which the trustees focused on establishing the charity’s governance, operational arrangements, and policies to enable future grant-making in line with the charity’s objects. The trustees have had regard to the Charity Commission’s guidance on public benefit and are satisfied that the charity’s objects and planned activities are for the public benefit. **TAR** 3 ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **Summary of the main** The charity was registered as a Charitable Incorporated Organisation **achievements of the charity** during the period. The principal achievement was the successful **during the year** establishment of the charity, including registration with the Charity Commission and the transfer of funds from the former Kevin Thomas Memorial Fund. No grants were awarded during the period. ## **Section E Financial review** The trustees’ reserves policy is to hold sufficient unrestricted funds to **Brief statement of the** enable the charity to meet its grant-making commitments and operating **charity’s policy on reserves** needs. As the charity is newly established and did not undertake grantmaking during the period, all funds are currently held as unrestricted reserves pending future awards. **Details of any funds materially** The charity held no funds in deficit at the end of the period. **in deficit** **TAR** 4 ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); The charity’s income for the period comprised a single receipt, being the transfer of funds from the former Kevin Thomas Memorial Fund following registration of the CIO. There was no expenditure during the period. - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** MR RYAN J M THOMAS **Position (eg Secretary, Chair, etc)**[Trustee ] **Date** 31st January 2026 **TAR** 5 THE KEVIN THOMAS MEMORIAL PUND FINANCIAL sfATEMENTS FOR THE PERIOD ENDED 31 MARCII 2025 THE KEVIN THOMAS MEMORIAL FUND INDEX TO THE FINANLIAL STATEMENfS for the period ending 31 Mareh 2025 Page Trustte5 Report Independen¢ Examiners Report Receipts and Pg4yrnents Account Balance Sheet Note to the Financial Statements THE KEVIN THOMAS MEMORIAL FUND TRUSTEES, REPORT for the perii)d ¢n41ing 31 Msrch 2025 STRIICTURE. GOVF.RNANCE AND MANAGEMENT 'I'ho Kevin 'l'homas Memorial Fund is a Charitable Incorporaied Organi7.alion established under consLtiulion daied 291b January 2024. The ehdriiy was registered with tl)e Chari(ies Commission 20111 March 2024. TRUSTEES Trusttts: Mr David W MerediLh- appointed 20 March 2024 Mr Ryan J M Thomas- appointed 20 March 2024 Mr Lawrence F Duffy - appointed 20 March 2024 Principal offite: CJilfa¢h Farni Llangorse BTecon Powys LD3 7UH Accountants WJJames&Co Chartered Accoun(ants Bishop House 10 Wheal Street BTeLon LD3 7DG Lloyds Bank PIC 25 Gresham Sireet London EC2V 7HN Bankers Charity number 1207545 OWICTS OF CHARITY The charily is a newly regisiered Chariiable Incorporated Organisalion. Tlie charity s thbj£ets ure to promotc th¢ education tsf peopl¢, especially those und¢r th¢ age of 30. in Mid and South W01es. parlicularly in Ihe historic ¢ounly uf Breeknockshire, in the fields of outdoor leadership and Lhe conservalion, protection and improyemeni ol the natural environment. This includes making granis io individua15 and otganisations in lunherance of those purposes. ACTIVITIES AND ACIIIEVEMENTS This is the (irsi accounting perind of the Charity and was a stttrt-up period. During Ihe period trustees focused on establishing governance 8rrangements, including adoption o( Ihe consiiiullOlI. int8iee role8, ba1)kin￿ arran8emenl8. and PTeparaLion of grani-making policies. Hence ihe Chariiy did noi undertak¥ gTant-m3king or other chttritable acii¥ilies. THE KEVIN THOMAS MEMORIAL FUND TRUSTLES. REPUKT (continued) for the perii>d ending 31 March 2025 PUBLIC BENEFIT The 'l'riislees havL had regard to the Charity Comiiiisgion's guidance on public b¢ncfit and are satisfied that the ¢l)drity'S obj¢cts and planned activilies are for tlie Pliblic ben¢fil. TRUSYEE POLICY There must be ai leasi ihree charily Inisiee5. end the maximum number is 5lX. The cons(Itution deals with ihe appointment of Trustees. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trusteos, Repc)rt and the findncial stal¢inents in accordanc¢ with applicable law and United Kingdom AecountÉng Siandards (Uniied Kingdom Generally Accepied AcLouniin¥ PracLiLe). The law applicable io chariiies in Etlgland and Wales requires the trustees to prepare financial siaiemenls lor eaLh Financidl yL￿ar which giye a tTUL¥ and fair view of ihe stale of affair5 of th¥ Lhariiy #nd uf Ihe incaming rcsouree5 and kpplication o( Tesour¢&s of ihe ehariiy foT thai peri()d. In prep8ring Lhes¢ financial Stalements, Ihe trnstees ire required to: select suiiable accounÈin8 poILCiC5 atld apply them consistEnily,' observe (he meihods and principles in Ihe Charlties SORP 2019: snak¢ judgements and estimaies thai are reasonable and prudent: .*taLe whether applicable ac£ouniin8 51andards have been followed, subje¢t (o any maieriai departures disclosed and expldined in the financial s12temen¢S', prepare ihe financial staiements on Lhe going concern basis unless it is inappropriate io presume Ihai ihe charily will coniinue in operaiion. The iTusiees are responsible for keeping aLcouniing records thai disclose with reasonable accuracy ai any lime ihe linancial posilion ol Ihe charily and ttnable Ihem lo ensure Ihai Ihe linancial siaiemenis comply wilh the Chdriiies Act 2011. Ihe Charily (Aecounis Rep)ri%l Regulaiions 21X)8 and the provisions of ihe trust deed. They are a150 responsible (or safeguarding the as5eiS of ihe charily and hence for taking redsonJble sieps lur Ihe PTevenlion and deteLliun ol fraud and oiher irr¢gulariiies. Signed on behalf ofthe Trustefs THE KEVIN THOMAS MEMORIAL FUND INDLPLNI)ENT EXAMINERS REPORT to thi TrutTrtee5 of The Kevin Thomss Memorioj Fund l Teport io the chdrity iru8lee5 on my examination of the a¢coun15 of ihe charity for ihe period ended 31 March 2025 which dre sel uut un pa¥es A 10 6. Responsibili¢ies and b&8is of Teport As tlie cliarity's trustees you arc responsible for the preparation of the ac¢ountS ID a¢cordance with the r¢quir¢meiits (if the Charities ALI 2011 I'"ti)L A¢t'). I report in respect of my exainination of tlic charit> s accounts carried out under section 145 of Ihc Acl and in Larryin8 oui my exarninaLiL)n I have followed 811 the appliLable diTeciions given by the Charily Commission under section 1451511bl of the A¢1. Independ¢nt examiner's stAtcment I have completed my examination. I conlinn ihaL no maLerial matLers have come (o my iiiention in cuni)eciion with Ihe exdminalioi) giving Ine Lause io believe Ihdl in any maierial respecl: accounling records were noi kept in respect of the charity a5 required by 5e¢lion 130 of ihe Act- or 2. Ihe accourkis do not accord wilh those records.. or 3. the accounis do not comply with the applicable reuuiremenis LonLeming the form and conLeni of Ihe aceount5 sei oui in the Charilie5 (Accounis and Reports) Rcgulaiion.4 2008 other than any requiieiiieiii thkt the accounts give 8 'true and view, wl)ich is not a matter considered as part of an independent examinalion. I have no concerns and have come across no oiher matters in conneclion wilh the examination io which aiieniion should be drawn in this report in order to enable a proper undersLanding ol the accouJ)15 10 be reached. b%idJlU¥l)- WJJamcs&C( Chartered AcLounlaftis 10 Wheal Sir¥el Breton Pow'ys LD3 7DG ioz Date: THE KEVIN THOMAS MEMORIAL FUND RECEivfs AND PA YMENTS ACCOUNT for the period ending 31 March 2025 RECEIPTS PAYMENTS NIL Tran8ler of funds from Kevin Ibomas Memorial Fund 41.078.60 NIL 41.078.60 Excess of Incorne over Expendilure 41,078.60 41,078.60 41,078.60 THE KEVIN TIIOMAS MEMORIAL FUND BAI.ANC.E SHEET as &l 31 March ?025 CURRENT ASSETS REPRESENTED BY ALLvmulaied Surplus as at 31 March 2025 41,078.60 Lloyds curreni accoul 41.078.60 41,078.60 41.078.60 Approved by the Trustees on signed on Ilieir behalf by 'rHE KEVIN THOMAS MEMORIAL FUND NOTES TO THE FINANCIAL sfATEMENTS for the period ending 3 L March 2025 I. TRUSTEES, REMUNERATION AND EXPENSES No rcmuneration was p8id or payable directly or indi￿ctlY out of the funds of the charity to any Inistee ur to dny person or persons known 10 be connecied with any of them. I RELATED PARTY TRANSACTIONS There were no relaied pariy transactions in the year that require disclosure in these financial Statements.