GEORGE TEMPERANCE TRUST TRUSTEES’ ANNUAL REPORT
The trustees present their annual report and the audited accounts of the company for the year ended 31 December 2020.
Objectives of the charity
The principal objective of the Charity is the prevention of substance and alcohol abuse.
Organisation
George Temperance Trust is a registered charity (no. 214134), governed by its Scheme dated 6 March 2001. A board of trustees administers the charity. They meet three times a year and have regard to the guidance issued by the Charity Commission on public benefit.
Trustees
The trustees who served during the year were as follows:
M D Hancock (Chairman) A A Clark (Treasurer) A J Fernand Rev M Mellor Rev J Nightingale E Taylor
Reserves Policy
The charity’s reserves were at an acceptable level. Reserves are needed to maintain funds so that grants can be made and property maintenance carried out when income falls below current expenditure. It is the policy of the trustees to maintain existing reserves to enable future funding of projects out of the investment income. Reserves at the financial year end amounted to £206,514, none of which was restricted.
Review of activities and future developments
During the year the Trust made grants available to the various projects, as set out in the financial statements. A number of grant applications were received and duly considered by the Trustees. Presentations were requested so that the Trustees might gain a clear insight into the work of the organisations and the expected impact that might result from funding by the Trust.
In 2020 the Trust’s outgoings exceeded its income by £5,404.
Risk Assessment
The Trustees confirm that the major risks to which the charity is exposed have been reviewed and systems established to mitigate those risks.
Trustees’ Responsibilities
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities SORP. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by and signed on behalf of the Trustees
M Hancock 26 February 2021
George Temperance Trust
Report and Accounts
Year Ended 31 December 2020
Charity Number 214134
The George Temperance Trust Balance Sheet At 31 December 2020
| Notes FIXED ASSETS Freehold Property 200-202 Holdenhurst Road Furniture and Equipment Brought forward Depreciation INVESTMENTS M&G Charifund/Charibond 2 CURRENT ASSETS Prepayments Bank Balance Cash Float Less Creditors NET CURRENT ASSETS Represented by CAPITAL Balance brought forward (Deficit)/Surplus for the year THE GEORGE TRUST FUND |
8,543 - - - 8,543 167,764 - 24,860 - 24,860 - 24,860 201,167 177,591 (5,347) 172,244 28,923 201,167 2020 |
8,543 57 57 - 8,543 167,764 - 30,207 - 30,207 - 30,207 206,514 198,814 (21,223) 177,591 28,923 206,514 2019 |
|---|---|---|
Approved By
M D Hancock
26 February 2021
The George Temperance Trust Income and Expenditure Account For the Year Ended At 31 December 2020
| Notes | 2020 | 2019 | ||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS FROM | ||||
| Property Income | ||||
| 200 Holdenhurst Road | 11,900 | 11,724 | ||
| 202 Holdenhurst Road | 10,787 | 13,457 | ||
| Other Income | 22,687 | 25,181 | ||
| Investment income | 2 | 10,372 | 12,333 | |
| Total | 33,059 | 37,514 | ||
| EXPENDITURE ON | ||||
| Raising funds | ||||
| Property insurance | 2,072 | 1,139 | ||
| Building repairs | 3 | 84 | 191 | |
| Depreciation | - | 57 | ||
| 2,156 | 1,387 | |||
| Charitable activities | ||||
| Grant to BCHA re Ten St Paul's | - | 15,000 | ||
| Grant to Be Your Best | - | - | ||
| Grant to STAR | 6,250 | - | ||
| Grant to Life Education | 2,500 | 2,500 | ||
| Grant to Vita Nova | - | 9,850 | ||
| Grant to Teen Challenge | 20,000 | 15,000 | ||
| Grant to Faith Works | 7,500 | 15,000 | ||
| 36,250 | 57,350 | |||
| Total | 38,406 | 58,737 | ||
| NET INCOME | (5,347) | (21,223) |
All funds are unrestricted
The George Temperance Trust Notes to the Accounts For the Year Ended 31 December 2020
1. Accounting convention
The accounts have been prepared on a receipts and payments basis.
2. Investments
| 2. Investments | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units | Cost | Market | Value | Income | ||||||||
| 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||
| M & G Charifund | 12,918 | 98,154 | 98,154 | 177,303 | 214,521 | 8,655 | 10,722 | |||||
| M & G Charibond | 56,028 | 69,610 | 69,610 | 70,304 | 69,503 | 1,681 | 1,568 | |||||
| 167,764 | 167,764 | 247,607 | 284,024 | 10,336 | 12,290 | |||||||
| Nationwide Building Society | 36 | 43 | ||||||||||
| 10,372 | 12,333 | |||||||||||
| 2020 | 2019 | |||||||||||
| 3. Building Repairs | ||||||||||||
| 200 Holdenhurst Road | ||||||||||||
| Boiler contribution | - | |||||||||||
| Gas certificate and repair | - | - | ||||||||||
| 202 Holdenhurst Road | - | - | ||||||||||
| General repairs - roof and | flooring | - | - | |||||||||
| Roof repairs | - | - | ||||||||||
| Gas certificate | 84 | 84 | 191 | 191 | ||||||||
| 84 | 191 | |||||||||||
| 4. Administration Expenses | ||||||||||||
| None | - | - | ||||||||||
| - | - |
5. Related Parties
In 2019 a grant of £15,000 was paid to Bournemouth Churches Housing Association (of which M Hancock is Chief Executive) towards medical equipment at Ten St Paul's.
Independent examiner’s report to the trustees of George Temperance Trust
I report to the charity trustees on my examination of the accounts of George Temperance Trust (the Trust) for the year ended 31[st] December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(B) of the Act.
Independent examiner’s statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Name: J M Palin Address: Chapelgate, Chittlehamholt, Umberleigh, Devon EX37 9NS Date: 30 July 2021