## **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|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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||||||
## – 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