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|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|||||||
|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||||||||||||||
|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.||||||||||
|There has been no material|change
in Trust policy or its|||organisation
during
the year.||||||||||
|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.|||||||||
|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|||||||||
||||||Mr Paul Jackson
The Thomas Aveling School|||||||||
||||||Mrs K Bennett
Will Adams Centre|||||||||
||||||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.|||||||
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||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||