Trustees’ Annual Report for the period
From 06/04/20 To 05/04/21
Charity name: The De Vitre Trust
Charity registration number: 299658
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Trust is for the benefit of such exclusively charitable objects and purposes in the United Kingdom or any other part of the world as the trustees’ discretion think fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Trustees meet annually to decide on charities to make financial donations to, based on the income received from the trust’s investments that year. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | This financial year, the trust has made financial contributions to 14 registered charities working in the UK and overseas. Donations ranged between £300 and £500. Areas supported include homelessness and street children, food banks, mental health recovery, refugee support, overseas medical aid, holidays for people with significant disabilities, prisoner leavers work rehabilitation, youth development, humanitarian aid including Yemen, Burma, Uganda, Nagorno-Karabakh, Sudan, Syria. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | £850.39 in current account at end of financial year. Investments via M&G Charifund valued at £299,576.85 on 31/03/21 (£168,791.68 was added to the investment in March 2021 due to a recent legacy to the trust). |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Trustees maintain a sum invested in M&G Charifund that provides four dividends (paid into the current account) per year, the majority of which is then donated to registered charities selected by the Trustees. |
| Amount of reserves held | Para 1.22 | £850.39 in current account plus £299,576.85 in M&G Charifund investments. |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed. |
| How is the charity constituted? (e.g. unincorporated association, CIO) |
Para 1.25 | Trust. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Agreed between trustees. |
Reference and Administrative details
| Charity name | The De Vitre Trust |
|---|---|
| Other name the charity uses | - |
| Registered charity number | 299658 |
| Charity’s principal address | 40 Blinco Grove, Cambridge CB1 7TS |
Names of the charity trustees who manage the charity
| 1 2 3 4 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Elizabeth Head | n/a | |||
| Priscilla Hunt | n/a | |||
| Thomas Gaisford | n/a | |||
| Elnor Spearing | n/a |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Elizabeth Head |
|
|---|---|---|
| Elnor Spearing | ||
Trustee |
Trustee | |
| 05/02/22 | ||
| 05/02/22 |
DE VITRE TRUST ACCOUNTS 2020/21 INCOME AND EXPENDITURE
Bank balance at 05.04.20 – £906.61
| Income | Expenditure | ||||
|---|---|---|---|---|---|
| Charifund dividends | 1662.50 | Calvert Trust(Kielder) | 500.00 | ||
| “ | 1487.50 | Emmaus | 500.00 | ||
| “ | 1487.50 | EbonyHorse Club | 300.00 | ||
| “ | 1006.25 | Firefly | 300.00 | ||
| Legacy from Juliet Mary Butler-Kearney |
168791.71 | Green Light Trust | 300.00 | ||
| HART. | 500.00 | ||||
| Let the Children Live! | 300.00 | ||||
| Medecins Sans Frontieres UK | 500.00 | ||||
| SalusburyWorld | 300.00 | ||||
| St Giles Trust | 400.00 | ||||
| Switchback | 500.00 | ||||
| Trussell Trust | 300.00 | ||||
| UNICEF(Yemen) | 500.00 | ||||
| YANAproject | 300.00 | ||||
| Charifund investment | 168791.68 | ||||
| 174435.46 | 174291.68 |
| Bank balance at 06.04.20 | £906.61* |
|---|---|
| Excess of income over expenditure | 143.78 |
| Bank balance at 05.04.21 | £850.39** |
| Capital Fund: 8750 Charifund at cost | £46,673.00 |
| 11596.021 Charifund at cost | £168,791.68 |
| Unrealised profit on valuation | £84,112.17 |
| Valuation on 31.03.20 | £299,576.85 (£104, 603.63 in previous year) |
| (Based on Charifund price of 1,472.41) |
*Two £350 donations to Silver Line and Red Cross that were accounted in 2019-20 were not cashed until 08/04/20 and 18/06/20 respectively.
**cheque for MSF UK (£500) was not cashed before the financial year was up.
The De Vitre Trust
Charity registration number: 299658
Independent examiners report to the trustees of The De Vitre Trust for the period from 6 April 2020 to 5 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the 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 the 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 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Allen ACPA
RA & A (Accountants) Ltd
21 Church Road, Poole, Dorset. BH14 8UF
4 February 2022