THE GENERATION TRUST Report and Accounts 5 April 2023
Tho Generatlon Trust R•port and accounts Contènts Cuhftow
Th• Goneratlon Trust Trust Infonnatlon Tru•t• Mr R J B Mtylb&8 Mi8$ M Simps Mr T K Yourg Mr M Rusl8d Dr M M RANtal Ch•rlty numb•r Tun Wd Kln 0Tr1 CcfflFY Umltod Redbum Road Nw4vcath up¢ NE5 1NB
Tho GOratIon Trust Tyustaos. report IntrOducOn Thè charlty arn Ilb? adVceman1 crf th8 Clvknkn and I reltof (rf P0rty. BIrkn aTKI Publ1¢ b•nrfrt The ch8rTty18 4 ty8nt maklw body ond all of #8 Inojno arvj mudb of tho roB•r¥66 annually to Thé thMt888 th6t trthy aJmFknJ Il rwpwn•nl8 of 17 of th8 Chartll05 Act 2011 to h8vo duo rty8rd tr) the widanco by thè Charfthi cC4))Mlan f(Y England arnl Grqnt m•klng pollcl•• The trustsets me6t 8nryJ•lty to dIs(x8 grnnts •Trl lo pn)po8als frC fgllow tru•tegs. The relave mwlts of WOPLWI are dxuss•d ffl dopth aryeemt r88r1d on PVOF(d8 to 8UPP)rt, dedlne OT rof6T. Th6 tJu8tè85 ma(Je grants of £53.5W 4wlng th? yw. Calh Wd• avdlablfr to support maklng wNIo adhthtrw to the r060M manl1(Dd bolw. A 4th a Valt of £170.IXX) wa8 dorAknS kn the dwlty. nandal r•vl•w Durfng tho th& rontal kK¥8ed by rJ.420 to £27.328. IXxlng lh8 Jvar £182.500 In donations recelved, £170.rKxi d thlry Twas Iho of a lo Ihe m&e av8llat4e Durfng tho year. the charftys total eXrlIO incrn86ed by £47,924 to £61,876. Th18 duo grants mada of £53.5. c¢yJttwed by a dow$8 In tKopwty rnpalr ¢oBts (£6200) and a decrea8e In property relatod legal fo8s1£735). Tho ol the at 5 2023 was £534.12D pn% for futyrn p•rlod• Thg anwgl In¥n0 of thè tryt its •xpocl8d lo at th18 la1 15 #oltl. Th18 •hId Tho Tntea8 conllnue to th8 State of the stsdont lelling market NvMGaslla ond, Fn the medlum
The Gan•rallon Trust Trust•o$' report Th• tharfty Is controw by Its 8 do1 af tsurt and Is as an unin¢ryrat•d charity. The Ic1£d 26th OGtd)ar 1973 Imder a d8(aara11 trust Ch&rflabie status was obtalrwj on 21st Jarnwy 1974. Tm8toe8 aro appjirrtod fx an lthfinlt• terni artd tt Is r8r8 trot n6w trte05 are appdntsd. Th8 truBt deed provide8 that new tNsts88 apy)iTrtfjd l)an ts numtsw d tnJ8te8s f8118 bal(Yw li h th8 polky dwltykn nf4¥ tr1¥ 4 w>y crfthe laotoot annual rowt WKI acwunts and Frnud and emy The trustees ha 8 (Jty to Idwthy the rhkl to thlch th• d)8rfty li 0xpd and to •n•ur8 that doposlt lakw8 4nd In&truc¥ons Tr4uke alyovd bYts 8WthI88. The Gèner8ti(n Tnt ( tho trirt tho clwlty) h a r•ged (rtyl8trakn numbor 502885). Tho charlty 1$ •Jm1n1thr by 8 boBnJ of tru8tee8 moot togothor rm a regular bas1$.Th• trust• appolnt a 1r wwwally. Th• tru¥te08 haNY aL r)InAted (Th truBtse es thg wretsry and as the trea6Ufgr.
Tho Generatlon Thjst Trustees" roport and the 8pplICae18W * rewlaknts. law appiic8t4e to thariti88 loqu tho lo wepve the fm)dd 8tatern for each fln8nclal ar whith give a and fair of the ataté of affalrn of the ctrrity aThJ of ts inryThing resourG8s and are rwutr•d to: . ¥elect sumablo acwirdlng wy It ¢tnty. . ob8erye Ihe Moth1$ Arml rAlndth In Ihg Chwlllos SORP. . make judgemts an¢J 8sthnates that arg rwmat4• . •tat• wheth•r applic4ble acc¢)undrYJ 8taThJwds bean IL4bJw•d. wwt to ary materfAI dyrtur08 disclowl and explain•d in Ihg statemeftts. and . preparn the flnancial 81atemgnl8 on thfy gokng ¢ffic4m bath ml•s8 tt IB knapywrlato lo pr•8wno thattho chartylll ¢xYrtlnue kn at any tlme th• financtsi Kth1b of the ChAty and onoL48 th8m to 8n8ur8 ihat tha financLql 8tatements Imply wlth the CharlU66 Ara 2011, Ihe opIcabl• Chartuw Ipmymts and RepNtB) RegulOrrO , and the slonB of tho n8atk)n. The In1005 8rn re•ponbI fty ¥afryugrdlng Iho aB80ts of th• choTIty aol.....Ji*e4)d on ft8 b•PAfby. rfjwt apwtyrtd by the Trtmt C .. ul Mf T K Young
The Generatlon Trust Indop•ndent Examln•V5 R•port I W on Iho 0(ounts the Tru¥ttsth8 2023. ar8 s out L¥7 pag8B 8 to 14. R••poctl¥• Mpon•lblMll•• of th• Trn•t and th• s members of Ihe Tnbst are tho weporth rrfth8 accounts. Th• Tru•tfj8S C4x)slder that an oudtt IB not rnqulred f¢Y INS y urMleT 144(2) of th• C4wtttes Aca 2011{Ih8 2011 Arf) and that an b)depondort oxwnkna¢kn l¥ It Is myrwth•lt411ty to: ' tho accounts uTrJw 145 fl I 2011 Art . ts foN(pw the WDc•duros laid in Gwwal DY•cliA 95 ty th• Charity Comml$8loner (under 88Ctkn 145(51(b) of th9 2011 Act): and Bail• of th1• Inndmtt •xamln•f• r•port My &x8miMti(m Wa8 carrled rAt thg tknclkrn by tho Charfty Commknioner. That exInall¢ kbdudes a revi Lrf the records kopt by Ihe Trust and YnparI ol the accomts wllh th090 [X8. It akn IJ1 nB[don4 any unusual or dltsdosures In Iho Jccwnt8 sookwwJ 8xplwwth from a8 Tru8tO8ts COnlnU ary Such rnatter8. The tyocthluros undwtakfjn do nrt &Yo¥kl8 811 Ihe Ihat ould be requlrBd In audlL and ¢tt8quty. oplnlon16 fv180 to tther tho •ffj)unts falr And the rgwi14 ts) th0 maltern sot wt In th• Slnce th• gr incomg for thè )wr •xc••d8 Iho kn 8eLllon 146(3) of th• Art l ¢onfimi that l am qu81111od ts) act as Ind0pwKknrt Examknw N18r the of that 8e(thn crf AL and that my qUaUfilI0n 18 a8 ¥1mY b81tr#. ' whlch me reason•e Gausg to befwve that in any materi81 respgcithe Toqulromtr (a) lo keep accryjnty rec(8 In ac¢udance secllon 130 ofthe 2011 ACL. and tr+ Ib) to pr•pwo o(xounts a(>x¥d thlth tho r•c•rds and to cxwnY wlth tho accounung rw4ulrwn•its ol 2011 nc¢ I) me( . to whlL*. In my cylnk)n. alterth Should b8 drawm h) ordw to undef8iaThllrq of th• Mal L C Hons. FCA nnair and clnY Lxnlknl Charter9d A(x>)urrtants ton House N8wca6Ue Uwi Ts Sol-,1
The Ganeratlon Trust 8tatom¢rrt of Flnandal AGtlviti for tha year end•d 5 rI1 2023 Total funds 2022 fund nds VUnt hcome 182.5(M) 182,500 27.328 23.906 23,906 Exp•ndlturn - R•181rrfJ funds . Charitabla aco 6,314 8,314 55,562 11.924 2,028 Tot•1 •xp•ndllur• 61,876 61,878 13.952 N•t Incoffl• b•for• Inv••knnt g•kn• 147,950 147.950 N•t mov•m•nt In fvn 147,950 147.950 9.954 lund8 lrnrd 386,170 386.170 378,216 Th8 Trust hu no recognlwl tOBseB (th¥1h In Slat•m•nt of Ac¥111•&. All ol tho ol the Trusl arg clwwj as
Th8 Gen•ratlon Trust Balancè 8h••t as at S Aprll 2023 Tangiblfr asJ8ts 519.414 347,879 2,915 12.619 15.534 315 Cash at bank orn1 In twxl Crndftorn: am¢• falllno du• wtthln on• y••Y 10 <378) 14.706 38,291 388,170 Funds Unr65trict6d ftmd&' - G•n•ral Fund 534.120 634,120 380.170 388,170 Tplal Tfu•t fund• 534.120 MrTKYowg
The Genaratlon Tnmt Cash Flow Statoment for th• yoar ondfjd S 2023 2022 11 {25.735) 8.924 In ca•h •Trd ¢aBh •qufv•l•nts In lh• r• p•rlod {25,735) 29.430 Ca•h •nd ¥h •qulv•lwts •t 5 X23 12.619
The Generallon Trust NoteB to th• Accounts for the yur and•d 5 ¥rf12023 1 knounllng poM¢l•• Ropyling by Chants5: Statemont of Rocxxnmerthj Pr8dk• a&yllcle to thwllles weparing thelr accounts In aldanC vAlh tha FinarrA81 Standard applKabl• in th? UK Republk of Irth (FRS102) (ChariU88 SORP (FRS102J) arKI Charlll8s Act 2011. Thè Genwabon TnAt rneots tha of a bonefil FRS 102. Assets and rdovant ¥tIng F1¢Y not&. matsrial uncwiatrths rolaknl to c¢ 0di1# that may c48t 8lgnlknl dwbt on the ablllty of the chartty to ¢xbtlnue a8 a gdng CLNn. Tho 1rust mako Ihi• 8WBsmwrt (rf 8 oMcludod that th• chathy h•$ •du8¢0 rfj8(MJrcw to conlwg kn oporaknal exb¥l8n¢e for tho frr88eatA8 future and there arn M malw1 uncwtalrtkn ab(yJt th8 Ch•fftl8 ¥illty to contine a8 a golng cCTh. thus thoy ¢onUnue lo •kpt th• (xxwn b4118 of acc(lIng In th• Incom• Voluntary hKome18 rwn188d kn Ihg llwdal •tatan•)ts thth•n 11 l• ro¢olbd, or on an 115 wh•rn b• 888urad wialnty 18 by the balonco sheèt d8t•. Income tax I¥¥rlO on YO111$ry donallcrffj ki In tho Ilnardd ¥tat•m•nt• vthèn It 18 rgGfjfvable fr(xn HM Re¥u¢ oThJ Cu810rn8. All cAh8r rn6ourcos are Indudad In tho sialWnt of flnanclal a cash re¢dvod ba818 an acc$ bo8Lg t•9 tlw Arn 88surwl Vthlth reasonablg crtainty and rgclvable by All 0xpre Is rwn18•d onca thwe18 8 or oblgafkffj to th• eXp)jr8.1lIS prob8bto Ihot 8etdwnent 18 requSr8d and tho am(xmt Can bg moa8w•J re119bty. All co8ts alknatsd kn tho arolic8ble Ih•t agwate thillar (x)6ts lo thal catepory. Where c08ts Cannot bg dlreclly atribuknl to thg ldky h•v• twn •lkKatsd on a bui8 R•islng fimds IrKAfred in tr8dirvJ Ihat raise funds. Chorllable expendth comprfses thcm c(xts kn(yJrred by the dY In the dolNtiry of tts aollvlU88 and servw for ks twifK48th. It bolh costs th81 be alk)cated dir to 8uch
The G•noratlon Trust Notss to the Accounts for th• y•ar •ndod S Aprfl 2023 Pro¥is1¢y fcy grants we mado knbntkn to m8k8 the warrt has ¢>)mmunlc3tpd to pay8L4&. uirements, rKkwJiTra authL stral•gic magement and Inth. ffwllng5 and r91nursgd InGurrwJ. Investrnenl proporty 18 held at fglr Yakn. dOrtd fwan m•fft•t oxnparnblo r•al 9stata#. adlu8t8d If ngrnYB8ry f(Y diffwwKe8 In the l(Kon or corthlon of th• amortlwl Go8t the offg¢tfvo IntTht moth(. 1888 wovtsknl ft>r Impalrmth)t. A FYovlon f¢v the Impaknifytt Is e8tabMBhod therg 18 Obj thidenco ttt 11 b• ablè to colt dl amounts duo acconlw tt> the or151r$ temis d lh8 r6c8fvth. Cash and ¢uh •qlv•l•nts Cash and ca8h equfvalents comwtse hwd aTrJ doPQ81ty, short twm hi9Ny Ilquld Inv88lrnwth thal are roadly t• a amcAWrt of caBh am wblacl to an SI rtBk af In ¥. valu•. T4x•don Thg Cwbty is fmrn In(XA7 Tax ffj Its tnrt Is r1 •xfjmF fm Valu• Added TaK IrrwoYMablv VAT O tho 0fth0 Itom8 kn ¥hlth11 rdat88. FundaccothTrthy Unrethcted inctxfte fund8 are gwal fwKIB thst we av•knbl• for u80 at Inwta89' di8cr6tion In 10
Tho Goneratlon Trust N¢)t•s to the Accounts for th• yèar and 5 Aprfl 2023 20rJ 2022 Total Donatbon of Gfft aid 170.C 12.0 182.500 170.000 I2,$) 182,SCK* 20fJ Totsl 2022 TotAI 23.908 23.908 4 ExpwbdI1• an fund• 2023 Unr•8trlct•d Total Z361 228 9,335 11,924 Iniurance 447 3,134 447 1134 2023 2023 Total Lggal and fgos Govemanca c06t8 D(ThUon8 1.126 1.126 378 2022 378 378 11
The Gonernllon Tn( Not•s to thg Accounts for tho year •nd•d 5 Aprll 2023 7 Grant m•thl 2022 Grants apwTh•d 2023 2022 N•m• of In•thrtlon AD South Sudan Arab World K4ini8ts1•8 4.500 1.000 Chrf8Uon Bocs wld¥sde MaW of ChaTll8ble grants off86 Tots (Tlwee Sptrgs) MakkN of Charita0 El8wl¢k Portsh c Glob81 Care Hdlmlsalon 2,000 man9 of Charltawè wants Mak ol ChttritolAo granls 1,000 Juncuon 42 Frrtwthl L8rt So Wat Lov 8urundl Mjkkng of Chttrtt8ble grant8 Maklrwj of Ch•rit8blo wants Charflable gr Mets8age Truot Navaloev8na e•glMlna8 ChorltJl• F Safe Fftmllles for ChS1¢tr4n S¢ottTrsh Blbl• So Scrfplur• Unlon &rfpt4Ke Unbon (Scofd) UCCF M•klng of CharttaL4fr wants Maklng of ChaTW8 grants MaklTrJ of CharttAt48 9r8nts cl Charllablg Maklw of CharttA1& gran M&4lng of Ch•ritstrAe glan MirvJ of Charitable grants 12
Tho Gonorallon Trust Notss to th• Accounls for the y••r ended 5 2023 4 T•nglbl• Ilx•d ••••l• FT•ohold land bylldlngl At 6 Arrfll 2022 Addluor 347,879 171,535 519414 AtSW2023 D•pMdatlon At e Aprd 2022 At S Aprl 20rJ Il•t book v•lu• At 5 Aprll 2078 AtSW2022 519,414 347,879 542,445 9 D•blarn 2022 315 111 Cr•dltorn: •rUnts f•llng du• wlthln on• y• 2023 2022 378 11 R•¢onelllatlon of not Incom(0xPdRur•) to ¢••h 2023 Net incrynd{8xp9ndltur•) fty ryng {88 pwtho 5ts1ement of flnandal actl Non rash don•1 R8v8luatlon of wDp6rty {Incroasél I dKrgw h debtorn 147.950 {171.$35) (7891 (2001 (611 P.6(KJ) Not ¢uh [ud In ) I wovlW by •olhRI 25.735 &924 13
The Generallon Trust Noto• 10 the AGGount• for tho yr ond8d 5 Aprfl 2023 th• ywr. No TN8t889 roI¥8d any rem ia)21' £NILI Tru¥toe. Mr M Ilugtsd donated a w01Y Valu at £170.(XKI lo ts Tn*L £10.lYJO to th• Trust and £2.500 9ft ald tsx w•8 on IL 14 Th8 woperUg8 •rn man8gwJ tyYdtx4m Prry)wUgs, • Ix¥nnY (wrtrrAl•d ty Mr Ru81ad and h18 P•mi5tt8d tyth8Tnffjt Dood Odobw 19TJ 14