MADE4UINML2 Annual Report 20-21

MADE4U IN ML2
Report of the Trustees
for the Year Ended 31 March 2021
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 2021. 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 2019).
Please see “Introduction from the Board” on PAGE 1
OBJECTIVES AND ACTIVITIES
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;
- 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.
PLEASE SEE PAGES 2-4 for Further Information on our objectives and aims, including Vision, Mission, Social Objective,
Values and more.
Public benefit
MADE4U IN ML2 constitutes a public benefit as defined by FRS 102.
MADE4U IN ML2
Report of the Trustees
for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
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. The reserves policy is currently set at 3 months running costs
plus statutory redundancy provision.
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).
Approved by order of the board of trustees on .......................................... and signed on its behalf by:
.......................................................................
Rev I Murdoch - Trustee
ACHIEVEMENT AND PERFORMANCE
PLEASE SEE PAGES 4-25 for Further Information on our Charitable Activities.
FINANCIAL REVIEW
Financial position
The Trustees report a surplus of £46,549 for the year (2020 surplus £26,561). Net assets were £110,367 at 31 March 2021
(2020: £63,818).
Reserves policy
The reserves policy is currently set at 3 months running costs plus statutory redundancy provision.
Future Plans
PLEASE SEE PAGES 26 for a short note on Future Plans.
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.
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