The Eric W. Vincent Trust Fund Registered Charity no. 204843 Trustee Report and Aceoumts for the year ended 31 March 2022 The Eric W. Vineent Trust Fund Aceoumts for the year ended 31 March 2022 Contents Page Ti'uste¢ Report Receipts and Payment5 Account Stateinent of Assets and Liabilities Notes to the accounts Independent Examiner's Report P%kge I The Erie W. VincentTrust Fund Registered Charity No. 204843 Trustees, Report for the year ended 3 1st March 2022 Charity Principal AddTess.' PO BOx 17146 Hal¢sowen B62 2LF The trustees presentthtir annual report for the year ended 31st March 2022 under the Charities Act 2011, togethei with the accoiints for the year. Trustees.. The trJstees who held offjce during the year were as follows.. MTS D Williams Ichairnian) Mr S G Perry (Deputy Chaimianl MrA RBirch Mrs M M England Mrs M J Harding Mrs M Benjamin Mr P Stobbs Mrs B H Hill Ms S Worrall Mr A H¢nshaw Structure, Governanee ind M2nag¢ment: The Charity was established by a trust deed on 22￿d May 19.f4. The Charity is governed by trustees who fornulate the strategy and policies. New trustte8 are clcctcd at trustcc meetings. None of the trustees receives payment for their services. Day-to-day matters are Conducted by a paid Clerk to the Trustees. Objects #nd Activities: The trustees have discretinn to apply the inwme for the bencfit, preferjnent, assistance or advancement of religious, educational, cultural nr othcy charitAble objects, including the benefit and welfare of all age groups wheTe t>e6d exists. All the activities during the year were in makI￿g grants availablc to snstitulions for th¢ir work on projects or to institution5 for the welfare and benefit of individuals. Public Benefit Stfttement: The Charity trustees are satisfied that they have complied with their duty to have due regard to the giiidance on public benefit publEshed by the ChaTity Commission. ir exercising their powers and dutie5. Forty-seven grdllts were tndde to institutions for their charitable cause5. rangillg between £350 and £1 000. Twenty-three grants were made io insiituiions for the benefit of individuals, ran8iJig between £100 and £150. The total paid out in grdnts during the yeaT was £31,379.26. (£28,304.26 to organisations and £3075.00 to individuals), as shown in the notes to the a¢¢ounts. Th¢ trustees were encouraged to See the increased number of grant applications following the rel￿tiOn of precautions and restrictions resulting from the p￿deMic. The trustees wntinued to hold th¢irregulaT Jneeling5 throughDut the yt2r, some on Zoom and soine face to face. We nceded to find a new rneeting place as OUF Ptevious venue changed its bookittg poli¢y for external orgaT]isatiOllS, and we are now happily settled in Dame Elizabeth Hall, Firbank Close, B30 IUA, for four of our Six ¥neetitLgs ea¢h year. At the request of trustees wlio have a distance to travel to meetings it has be¢n decided that o￿T meetings in NovembeT alld January will continue to be held on ZooTn. Reserves.. It 15 the policy of the Charity to InaInta￿ unrc5triGted fund& which &re the free reserves for the Charity, at a level which equates approximately to Six Tnonths. unrestri¢t¢d expenditure. These rcserves provide suffi¢ient funds to cower management, administration #nd support wsts and also to respond to emergency applications f(Ir grants which arise frorn time to ti￿e. P&£e I ## **The Eric W. Vincent Trust Fund** ## **Receipts and Payments Account for the year ended 31 March 2022** |**2022**
**EndowmentUnrestricted**
**Funds**
**Fnuds**
**Receipts**
£
£
Investment Income - Dividends and Interest
290
48,519
Legacies
290
48,519
Investment Portfolio Fund Sales
70,673
**Total Receipts**
**70,963**
**48,519**
**Payments**
Grants Paid
Grants Paid for individuals (note I)
3,075
Grants Paid for institutions (note l)
28,304
31,379
Governance Costs
Portfolio Management Fees
3,409
9,406
Clerk's salary
5,500
Room Hire
80
PO Box Delivery Annual Fee
360
Printing, postage, stationery and sundries
122
Insurance
151
Utilities Allowance
180
Independent Examiner's Fees
2,370
Payroll Services
398
Bank Charges
170
Subscriptions
106
Miscellaneous
3,409
18,843
Investment Portfolio Fund Purchases
66,477
**Total Payments**
**69,886**
**50,222**
**Net Receipts (Payments) for the year**
**1,077**
**(1,703)**
**Bank and Cash Balances**
Brought Forward
66,555
72,178
**Carried Forward**
**67,632**
**70,475**|**2022**
**2021**
**Total**
**Total**
£
£
48,809
44,199
48,809
44,199
70,673
246,489
**119,482**
**290,688**
3,075
1,650
28,804
22,889
31,379
24,539
12,815
10,627
5,500
5,000
80
360
353
122
286
151
151
180
216
2,370
2,328
398
119
170
136
l06
105
22,252
19,321
66,477
238,891
**120,108**
**282,751**
**(626)**
**7,937**
138,733
130,796
**138,107**
**138,733**| |---|---| **Page 2** ## **The Eric W. Vincent Trust Fund** ## **Statement of Assets and Liabilities as at 31 March 2022** |||**2022**|||**2021**|| |---|---|---|---|---|---|---| ||**£**||**£**|**£**||**£**| |**Bank and Cash Balances**||||||| |Bank Account|63,010|||64,621||| |Cash in hand|64|||86||| |Investment Fund Cash Deposits||||||| |- Client Account|67,632|||66,555||| |- Income Account|7,401|||7,471||| |**Total Cash Balances**|||138,107|||138,733| |- Endowment Fund (Investment Fund)|67,632|||66,555||| |- Unrestricted|70,475|||72,178||| |**Investment Assets - Endowment Funds (note 2)**||||||| |Investment Fund - Investments Held|||1,790,409|||1,667,567| The trustees approve the financial information which comprises the receipts and payments account, balance sheet and the related notes. They acknowledge their responsibility for the compilation of the financial information. ## **Signed and Approved on Behalf of the Trustees** **----- Start of picture text -----**
Mr S. Perry
**----- End of picture text -----**
Mrs D. Williams - Chairman **Date: 20[th ] July 2022** **Page3** ## **The Eric W. Vincent Trust Fund** ## **Notes to the accounts** ## **for the year ended 31 March 2022** ## **1. Grants Payable** The number of grants awarded and amounts payable in the year were as follows: |For the benefit of institutions
For the benefit of individuals
Grants paid in the year
**no**
47
23
70
70
**2022**
£
28,304
3,075
31,379
31,379|**2021**
**no**
42
9
51
51
£
22,889
1,650
24,539
24,539|**2021**
**no**
42
9
51
51
£
22,889
1,650
24,539
24,539| |---|---|---| |||24,539| By the end of the current year, all grants authorised and committed to, were paid. ## **2. Investment Portfolio - Investments held** |**Investment Portfolio - Investments held**||| |---|---|---| ||**Year ended**|**Year ended**| ||**31 March**|**31 March**| ||**2022**|**2021**| ||£|£| |Market V aJue Brought Forward at 1**st**April|1,667,567|1,355,396| |Acquisitions|66,477|238,891| |Sale Proceeds|(70,673)|(246,489)| |Gain in Market Value on Disposals|21,877|45,189| |Gain (Loss) in Market Value on Investments Retained|105,161|274,850| |Market Value Carried Forward at 31**st**March|1,790,409|1,667,567| **Page 4** Independent Examiner's Report to the The Eric W. Vineent Trust Fund (registered charity no. 204843) on the accounts for the year ended 31" March 2022 set out on pages 3 to 5 Respective Responsibilities of Trustees and the Examiner The charity's trustees are r￿pOnSIble forthe preparati(>n of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 Ilhe Aet)) and tliat ttn independent examination is needed. It is our responsibility to.. examine ihe accoiints (under section 145 of the Act). to follow the procedures laid down in the generdl directions given by tlie Charity Commission (under section 145(5)(b) of the Act., and to state wl)ether particular matters have come to our attention. Basis of Independent Examiner's Statement Our examination was carried out in accordance with general directions given by the Charity Commissioners. An exa]nination includes a review ofthe accoLIDting records kept by the charity and a comparison of the accounts presented with those records. It also includes eonsideration of any unLisual items or disGlosures in the accounts nd seeking explanationg from the tnistees concerning any siicli matters. The procedures undertaken do not provide the evidence that woiild be required in an audit and therefor¢ we do not express an audTt opinton on the accounts as to whether the accounts show a true and fair view. The report is limited to those matters set out in the statement below. Independent Examiner's Statement In the course of our exaTninalion, no matter has coine to our attention, i} which gives us reasonable cause to believe, that in any material respeet, the trustees have not met the requirements to ensure tliat.. proper accounting records are kept (in accordance witli section 130 of the Act) and accounts are prepared whicli agree with the accounting records and comply with the accounting requirements of the act; or li} to which in OLir opinion. attention slioLild be drawn in order to enable a proper understanding of the aocounls to be reached. Katherine Jone$ Institute of Chartered Aeeountants in Englanij & Wales Cutter & Co. Ltd trading as Martin G. Clark & Co. 140 New Road Aston Fields Bronisgrove Worcs. B60 2LE Date: 20" July 2022 Page 5