Trustees’ Annual Report for the period
From 01/03/2020 Period start date To 28/02/2021 Period end date
Charity name: George Viner Memorial Fund Trust
Charity registration number: 328142
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Our aim is to promote and assist with the education and training of young students from black, Asian and ethnic minorities, living in the UK, who are working towards a career in journalism. |
| 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 |
Our charity aims to make a practical difference by assisting students from ethnic backgrounds who need that first break to get into the industry. We offer financial assistance towards recognised journalism courses and wherever possible we provide mentors who are experienced journalists to support the scholars throughout their course. The trustees and administrator provide a duty of care to the George Viner Memorial Fund, using their personal skills and experience to ensure the charity operates efficiently. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees are committed to continuing to ensure that the primary objective of the George Viner Memorial Fund Trust is to provide journalistic course bursaries to Black, Asian and Ethnic Minority students, from the general public, wishing to undertake a career in journalism. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
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 | During this period the trustees made 3 awards to help students follow their dreams to achieve qualifications that might start their careers in journalism. The courses undertaken were: •x2 MA Newspaper Journalism at City, University of London •MA Broadcast Journalism at City, University of London |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | N/A |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity received an income of £26.126.96 through donations. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity’s income is donation based. Whilst it is recognised that it is unlikely that this will change, in order to ensure the charity’s longevity, the trustees work on the basis that holding reserves, gives a level of security to the charity’s finances, where income may vary from time to time. |
| Amount of reserves held | Para 1.22 | At the end of the financial period, the charity held £48,953.08 in its account. The charity has no overhead costs, consequently, the charity continues to operate on low reserves. |
| 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 |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other | 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 | Elected by trustees from former George Viner Scholars for a five-year term and can serve more than one term. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | Four of the trustees are experienced journalist who are active members of the National Union of Journalists (NUJ). Michelle Stanistreet is also the NUJ General Secretary and member of the Federation of Entertainment Unions (FEU). |
| Relationship with any related parties |
Para 1.51 | The Charity is supported by the NUJ who make regular contributions and Donations. The trustees work closely with their journalistic contacts to arrange mentoring for the scholars to assist them throughout their studies. |
| Other |
Reference and Administrative details
| Charityname | George Viner Memorial Fund Trust |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 328142 |
| Charity’s principal address | Headland House, 72 Acton Street, London, WC1X 9NB |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Jim Boumelha | Chair | Since 1994 | Trustees | |
| Carole Plaster | N/A | Since 1995 | Trustees | |
| Cara Simpson | N/A | Since 2008 | Trustees | |
| Michelle Stanistreet | N/A | Since 2011 | Trustees | |
| Saadeya Shamsuddin | N/A | Since 2017 | Trustees | |
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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 |
||
|---|---|---|
| Michelle Stanistreet | ||
Trustee |
||
| 14thDecember 2021 | ||
| 14thDecember 2021 |
Charity Name No (if any) George Viner Memorial Fund Trust 328142 Receipts and payments accounts For the period Period start date Period end date To from 01/03/2020 28/02/2021
CC16a
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 2,548 23,579 - - - - - - 26,127 - - - 26,127 66 0 28,200 0 - - - - - 28,266 - - - 28,266 - 2,139 - 51,092 48,953 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 2,548 23,579 - - - - - - 26,127 - - - 26,127 66 - 28,200 - - - - - - 28,266 - - - 28,266 - 2,139 |
Last year to the nearest £ |
|
| Donations | 2,548 | 1,381 | ||||
| NUJ contributions | 23,579 | 12,500 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
26,127 | 13,881 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 13,881 | ||||||
| Administrative expenses | 66 | 60 | ||||
| Expenses of meetings | 0 | 1,015 | ||||
| Awards | 28,200 | 22,850 | ||||
| Printing/Stationery | 0 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 28,266 | 23,924 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 23,924 | ||||||
| - 2,139 | - | - | - 2,139 | - 10,044 | ||
| - | - | - | - | - | ||
| 51,092 | - | - | 51,092 | 61,136 | ||
| 48,953 | - | - | 48,953 | 51,092 |
Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
| Signature Details Details Details Details Cash at CAF Bank Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 48,953 - - - - - 48,953 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Michelle Stanistreet |
Endowment funds to nearest £ |
|---|---|---|
| - | ||
| - | ||
| - | ||
| - | ||
| OK | ||
| Endowment funds to nearest £ |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| Current value (optional) |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| Current value (optional) |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| When due (optional) |
||
| Date of approval |
||
| Michelle Stanistreet | 14/12/2021 | |
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE GEORGE VINER MEMORIAL FUND TRUST
I report to the charity trustees on my examination of the accounts of the George Viner Memorial Fund Trust for the year ended 28 February 2021.
Responsibilities and basis of report
As the 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) and you have chosen to prepare a receipts and payments account. You are satisfied that the accounts are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the accounts. I have carried out my examination under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination and confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1.Accounting records with respect to the Trust, were not kept as required by section 130 of the Act; or,
2.the accounts do not accord with those records; or
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 any requirement that 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.
Bernard Roche Head of finance and Membership National Union of Journalists 6/12/2021