Issue - meetings
King George’s Field Trust Account and Report Approvals
Meeting: 03/03/2022 - King George's Field Charity Board (Item 2)
2 King George’s Field Trust Annual Account and Report Approvals PDF 234 KB
Additional documents:
- Appendix. 1 2018 2019 annual report and audited accounts, item 2 PDF 868 KB
- Appendix 2 2019 2020 annual report and audited accounts, item 2 PDF 899 KB
- Appendix 3 2019 letter of representation, item 2 PDF 283 KB
- Appendix 4 2020 letter of representation, item 2 PDF 281 KB
- Appendix 5, item 2 PDF 300 KB
- Webcast for King George’s Field Trust Annual Account and Report Approvals
Decision:
DECISION:
1. Approve the audited accounts for 2018/19 and 2019/20 for submission to the Charity Commission;
2. Approve the annual reports for 2018/19 and 2019/20 for submission to the Charity Commission;
3. Note, and have regard to, the Charity Commission’s Public Benefit Guidance.
Minutes:
Catherine Boyd, Head of Arts and Events, introduced the report and outlined the work of the King George’s Field, Mile End Charity, including a summary of the charity’s operations and assets and a highlight of the key achievements in both periods covered by the annual reports: 2018-19 and 2019-20.
Ahsan Khan, Chief Accountant, provided a summary of the financial position and the financial highlights of the trust in the same periods and presented a summary of the key changes that had been requested by the auditor following their review of the draft accounts for 2018/19 and 2019/20.
Kevin Bartle, Interim Corporate Director Resources, asked the Board to note the positive developments with the charity’s financial management in recent years, including the external auditing of its accounts. Kevin informed the Board that the auditors had highlighted a couple of issues of minor significance, which had since been corrected. The Board would be asked to investigate the Charity’s in-year deficit in 2019-20 at its next meeting.
The Board welcomed the report and offered its thanks to officers for the financial discipline demonstrated. Members indicated they looked forward to reviewing at the 2019-20 in-year deficit at the next meeting. Accordingly it was:
RESOLVED that:
1. The audited accounts for 2018/19 and 2019/20 be approved for submission to the Charity Commission;
2. The annual reports for 2018/19 and 2019/20 be approved for submission to the Charity Commission; and
3. The Charity Commission’s Public Benefit Guidance be noted.
Meeting: 23/02/2022 - King George's Field Charity Board (Item 2.1)
King George’s Field Trust Annual Account and Report Approvals
Additional documents: