| Purpose ofTrust | Purpose ofTrust | Purpose ofTrust | Purpose ofTrust | Purpose ofTrust | Purpose ofTrust | Purpose ofTrust | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
The Trust was set up in 1937.The purpose ofthe charity is to provide financial assistance towards education training for young people aged between 14and 20 inclusive, where they or their parents lack the necessary |
/ financial |
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| resources. | |||||||||||||
| The Trustees exercise this duty by providing 1) To families with young persons in further |
grants as follows:- education, (orto independent students where they have no |
family). | |||||||||||
| 2) For the purchase ofschool uniforms. 3) For specialist equipment needed for training |
in a profession. | ||||||||||||
| 4) To school voluntary funds to meet special 5) Towards school trips which are identified |
hardship cases. as being linked to |
exam related studies. | |||||||||||
| The Trust enjoys a solid financial position due to the size of its endowments, and sound investment policy. This has allowed the Trust to help many families in need and allowed young people to pursue an education when, in many cases, their |
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| family circumstances would |
not have made | this possible. | |||||||||||
| The Charity is run by The Mayor of Medway, | 4 Co-opted | Trustees, 3Additional Trustees and administered |
by Medway Council. | ||||||||||
| Review ofthe year 2020/2021 | |||||||||||||
| The value ofour investments | in 2020/21 has | increased. | The | investments are regularly monitored and |
Trustees | are | kept informed. | ||||||
| Grants awarded in 2020/21 |
valued f47,070. | Details are | in note 1 to the accounts. |
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| There has been no material | change in Trust policy or its |
organisation during the year. |
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| TRUST INFORMATION | |||||||||||||
| Full Name | The Arthur Ingram Trust ( Incorporating the Arthur |
Ingram Residuary |
Gift) | ||||||||||
| Address | Medway Council, Business Support Department, | Gun | Wharf, | Dock Road | |||||||||
| Chatham, Kent ME4 4TR. |
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| Charity number | 212868 | ||||||||||||
| Governing Document |
Trust Deed dated 19th May 1937,revised | in 1075 | and | 2012. | |||||||||
| Trustees | The following served as Trustees during |
the year:- | |||||||||||
| The Mayor of Medway (Chairman) | |||||||||||||
| Co-opted Trustees | |||||||||||||
| Ms M Gage The Victory Academy Mr E Hodges SirJoseph Williamson's |
Mathematical | School | |||||||||||
| 2vacancies | |||||||||||||
| Additional Trustees |
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| Mr Paul Jackson The Thomas Aveling School |
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| Mrs K Bennett Will Adams Centre |
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| 1 vacancy | |||||||||||||
| Powers | The Trustees are empowered to make whatever investment they consider appropriate to meet objectives laid out in the governing |
deed. | |||||||||||
| Bankers | Lloyds Bank PLC | ||||||||||||
| 25 Gresham Street |
|||||||||||||
| London EC2V 7HN | |||||||||||||
| Solicitors / Legal |
C/0 Legal Department, Medway Council and Stephens &Son LLP 41 Railway Street, Chatham |
Kent ME4 4RP | |||||||||||
| Accountant | C/0 Business Support Department, Medway |
Council. |
| March-21 | March-20 | ||||
|---|---|---|---|---|---|
| Fixed Assets | |||||
| Property | 0 | 0 | |||
| Investments | 2,297,191 | 1,898,800 | |||
| Current Assets | |||||
| Bank:- Charities Deposit |
112,942 | 112,808 | |||
| :-Lloyds Business Account | 348,768 | 347,003 | |||
| Debtors (Bank Interest) | 1 | 42 | |||
| Total Assets | 2,758,902 | 2,358,652 | |||
| Current Liabilities |
|||||
| Creditors (Grants, Admin fees 8, Bank Charges) | 115,628 | 116,689 | |||
| 115,628 | 116,689 | ||||
| Net Assets | 2,643,274 | 2,241,962 | |||
| Funds | |||||
| Endowment | 2,035,096 | 1,741,529 | |||
| General Fund - Unrestricted |
608,178 | 500,433 | |||
| 2,643,274 | 2,241,963 | ||||
| NOTES TO BALANCE SHEET | |||||
| 1)Assets | |||||
| GENERAL | ENDOWMENT | TOTAL | 2019/20 | Note | |
| ~pr err |
|||||
| Market Value 1st April 2020 | |||||
| Property realised (BookValue) | |||||
| Revaluation | |||||
| Market Value 31stMarch 2021 | |||||
| Investments | |||||
| Market Value 1st April 2020 | 507,269 | 1,391,529 | 1,898,800 | 2,100,895 | |
| Purchase ofnew investments | 0 | 0 | 0 | 65,940 | |
| Sale ofinvestments | 0 | 0 | (65,940) | ||
| Net unrealised gains/(losses) |
104,825 | 293,566 | 398,392 | (202,095) | |
| Market Value 31st March 2021 | 612,095 | 1,685,096 | 2,297,191 | 1,898,800 |