Page 26 - Salamander July 2020
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THE SALAMANDER | July 2020
REPORT FROM THE CHARITABLE TRUST
The financial position of the Trust remains for this year sound but no more than sound The Capital Fund which provides income to the Trust has like most investments taken a a downturn from £405 000 to £340 000 during the early Pandemic period as financial markets plummeted In conjunction with JM Finn the Investment Management Team the balance between equities equities and non-equities was moved to a a a 50/50 split I am pleased to report that in the last two months the Investment Fund has recovered £20 000 and close monitoring continues At present the normal annual audit process is not available due to the COVID-19 restrictions therefore the Honorary Treasurer is working with Magee Gammon to work towards a a a suitable conclusion for the 2018-19 accounts These will be circulated as audited accounts once approved and lodged with the Charity Commission Stephen Sanders has applied like many other charities in our position for an extension to to the date to to lodge the the accounts with the the Charity Commission due to the disruption caused by COVID-19 In March 2020
a a a team of Trustees led by Bruce Hoad completed a a review of of giving by all of of the Company Members for the first time in in 15 years Charitable giving has been a a a a tradition encouraged to all Members for many years With the new Charity now a a CIO the giving arrangement to the old Charity could not continue therefore all of the the payment arrangements the the Members had via Direct Debit and Tele Debit are now cancelled The new “Giving Pack” was sent to all Members including an easy
Chair Graham Maltby
It gives me great pleasure to to present to to all of of the the the Members of of of the the the the Company the the the the Annual Report of of the the the the Charitable Trust Despite the the the challenges that have emerged during the the the COVID-19 Pandemic the the Trust has continued to function utilising an “on-line” Board Meeting process during the lockdown period The Trustees are grateful to Colin Simpson (Company IT Manager) for facilitating and maintaining availability of this arrangement Over the last year Bruce Hoad has been elected as the Vice-Chair to the Trustee Board and Stephen Sanders has been appointed by the Court of Assistants as a a a new Trustee Stephen has also been appointed as as the the Treasurer of the the Trust following the retirement of Ian Parlane The Trustees would like to place on record a a a huge thank you to Ian for his years of service and commitment as as Treasurer and for his guidance during the transition to the new Charitable Incorporated Organisation The Trust became a a a a Charitable Incorporated Organisation (CIO)
with effect from 1st October 2019 providing the the Trustees with the the benefits and protections similar to to that of of Directors of of Limited Companies The new Constitution requires that all Trustees are elected by the Court of Assistants for a a a three-year term on a a a rolling programme with the opportunity to serve for a a further three years before standing down for for a a minimum period of one year The election of Trustees will normally take place at the Court of Assistants Meeting in in September each year year but this year year through the Emergency Strategic Coordination Board which will remain operative until at least the end of October 2020
The Charitable Trust wish to record thanks to Jeremy Beech for for his hard work for for leading the CIO project with assistance from Stephen Sanders and and Steven Tamcken along with Stone King Solicitors whose guidance and work has allowed us to achieve CIO status Once the 2018-19 Charitable Trust Accounts have been audited and lodged with the the Charities Commission the the old Charitable Trust will be formerly closed The Board of Trustees for 2019-20 are:
Graham Maltby
QFSM (Chair) Bruce Hoad BEM (Vice-Chair) Stephen Sanders ( Hon Treasurer) Jeremy Beech CBE QFSM SBStJ Maurice Heaster MBE
Tom Johnson
Howard Myers
Ron Murray
Colin Livett BEM Dr David Crowder Steven Tamcken (Clerk -Ex-Officio)
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