MADE4U IN ML2 - Y/E Annual Report 2019

MADE4U IN ML2
Report of the Trustees
for the Year Ended 31 March 2019
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2019. The trustees have adopted
the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2015).
Objectives and aims
As a Christian charity, MADE4U IN ML2's object is to promote, establish, operate or support schemes and
projects of a charitable nature for the benefit of the community within the operating area of the ML2 post code
area:-
- to relieve poverty and distress among young people and families;
- to advance education and lifelong learning;
- to promote training and skills to assist young people obtain paid employment;
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to improve public health through raising awareness of health and healthy living, particularly for those with
mental illness, disability or impairment.
And to do so in a manner which helps people to experience the love of God in action by responding to needs
and offering encouragement and support, regardless of gender, disability race or religious beliefs.
Public benefit
MADE4U IN ML2 constitutes a public benefit as defined by FRS 102.
Volunteers
Our work would not be possible without the help of our volunteers.
Charitable activities
Introduction:
MADE4U is run by a small (mostly part-time) staff team, operating mainly out of a community centre in
Cambusnethan with a team of committed volunteers and board members. Motivated by our belief in God's love
for us, it is our aim to see people encouraged, empowered and engaged; making a difference that matters in the
local community. Our vision is to see a community free of isolation, free of low self-worth and free of lack of
opportunity for change.
MADE4U’s full activity report can be found on pages 9-17 of the Impact and Activities Report.
FINANCIAL REVIEW
Financial position
The Trustees report a deficit of £26,450 for the year (2018 deficit £17,464). Net assets were £37,257 at 31
March 2019 (2018: £63,707).
We are grateful to the generosity of the Hinshelwood Gibson Trust, Wishaw Churches Together and of individual
local Christians, also North Lanarkshire Council for their Single Source Grant. We appreciate the weekly
provision of their large church hall by Cambusnethan Old for our weekly Alternative Dance sessions and
Cambusnethan North for hosting the Sahara Survivors holiday club. The bag-packing efforts of members of the
Sunday evening Youth Club and of the Girls Group at Safeway in March was terrific.
Reserves policy
The reserves policy is currently set at 3 months running costs plus statutory redundancy provision.
FUTURE PLANS
Strategy, Direction and Future Plans:
Notes under this area can be found on page 18 of the Impact and Activities Report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
MADE4U IN ML2 is a company Limited by Guarantee without any share capital. Each member's liability is
limited to £1. The company is a registered charity and its affairs are governed by its memorandum and articles
of association.
Organisational structure
The original members of the company were the 3 subscribers to the memorandum and articles of association.
During the year under review the number of members was 190. The number of permitted members is unlimited
subject to the approval of the Board. Annual subscriptions fixed by the Board are, unless waived, in full or in
part, due from the members.
Increases or decreases in numbers of board members are subject to the general meeting of the company. The
Board currently meets monthly and requires a simple majority voting on all key issues. All members receive
regular updates on the progress of projects.
Key management remuneration
The trustees consider the board of trustees as comprising the key management personnel of the charity in
charge of directing and controlling the charity and running and operating the charity on a day to day basis. All
trustees give their time freely and no trustee received remuneration or expenses.
Risk management
The Board of Directors approves all projects. Each project is considered to identify any potential risk issues that
may result. Attempts are made where possible to eliminate risk or potential risk. In the event of any residual risk
remaining, assurances are required by the board that this be minimised.
It is realised that the main risk to the project is underfunding.
Reliance is required from staff and volunteers to be committed to working towards the aims and visions of the
project. The Board will strive to train, equip and empower both paid and unpaid staff to take this forward.
The organisation has Employers and Public Liability insurance against any potential claim. Volunteers and staff
working with children, young people and vulnerable groups are appropriately interviewed, inducted and put
through PVG checks with Disclosure Scotland (through our intermediary body, Volunteer Scotland (previously
CRBS).
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of MADE4U IN ML2 for the purposes of company law) are responsible
for preparing the Report of the Trustees and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to
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• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the Charity SORP;
• make judgements and estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are
unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the auditors are aware
of that information.
AUDITORS
The auditors, WDM Associates (Statutory Auditors), will be proposed for re-appointment at the forthcoming
Annual General Meeting.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................
Rev I Murdoch - Trustee