2023-07-31-accounts - The Adderstone Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

						SORP reference
Summary		ofthe purposes			of	Para 1.17	The purpose ofthe Addersione Foundation
the charity as set out				in its			is to identify and support causes in the UK
governing		document					and worldwide t'.hat the shareholders,
							employees and friends ofAdderstone
							Group are:
							1. Passionate about
							2. Well placed to support in an action
							focussed way
							3. Capable of making a sustainable	or
							ideally catalytic impact
							The purpose ofAdderstone Foundation	is
							neither limited by sector nor geography,	but
							rather focussed on where it is best placed
							to make good stuff happen in the most
							efficient, sustainable, catalytic and
							impactful way possible.
Summary		ofthe main				Para 1.17and 1.19	North East Visuall Im aired Tennis Club
activities		in relation to those					Our support enables them to provide and
purposes		for the public					promote opportunities for people who are
benefit,	in particular,			the			blind or have severe visual impairments	to
activities,		projects	or				participate in tennis.
services		identified	in	the
accounts.							The Club is now recognised as the largest
							and most successful blind and visually
							impaired tennis club in the UK and caters
							for all ages and abilities. The club hosts	the
							LTA Regional Visually impaired Tennis
							Series. They can currently boast to having
							three UK national champions, a German
							national champion and a world gold
							medallist amongst its ranks.
							Zambia
							We are working in collaboration with
							Durham University and Sport in Action,	on
							various ro'ects within the communit,

					making a difference to the health and
					wellbeing of the children involved.
					We have recently visited Zambia to
					research what was needed and would
					make a difference to the community.	We
					are working on introducing Enterprise
					Zones that will enable children within	the
					community to become independent,
					working on their own projects and earning
					an income.
					Humanitarian su ort for victims of the war
					in Ukraine
					We have funded two trips to Ukraine.
					The first one supplied urgent medical
					supplies of albumin and tourniquets,
					needed for the front line. In addition,	we
					also supplied essential toiletries and
					clothing.
					The second trip involved purchasing	a
					vehicle that was modified to include seating
					and transported to Ukraine. This vehicle
					has been used to support the evacuation		of
					citizens trapped in the war zones, and
					transporting essential supplies where
					needed.
					In addition, we have supported several
					family's arrival in the UK to escape the
					conflict, ensuring they have
					accommodation, work and education	for
					their families.
Statement		confirming		Para 1.18	Pursuant to Section 17(5)ofthe Charities
whether	the trustees		have		Act and the Charities (Accounts and
had regard		to the guidance			Reports) Regulations 2008 the Charity
issued by the Charity Commission on public					Trustee has taken due regard ofthe guidance on public benefit issued by	the
benefit					Charity Commission when exercising	its
					duties.

Achievements and Per	formance
	SORP reference
Summary ofthe main		See summary of main activities.
achievements ofthe charity,
identifying the difference the charity's work has made to	Para 1.20	In addition, we have supported colleagues and organisations in	friends, their
the circumstances of its		various sporting and charitable
beneficiaries and any wider		endeavours, which have raised	funds for
benefits to society as a whole.		local charities including Children Macmillan Nurses, the People's	NE, Kitchen,
		Cancer Research and the RNLI.

Review ofthe charity's		Para 1.21	At the end of	the financial year the charity	the financial year the charity	the financial year the charity
financial position at the end			is in a healthy	position	with	no debtors or
ofthe eriod			creditors and	no outstandin		loans.
Statement explaining the		Para 1.22	Not applicable
policy for holding reserves
statin wh the are held
Amount ofreserves held		Para 1.22	E8,919
Reasons for holding zero		Para 1.22	Not applicable
reserves
Details offund materially	in	Para 1.24	Not applicable
defliclt
Explanation ofany		Para 1.23	No concerns
uncertainties about the
charity continuing as a going
concern

ou ma cho	ose to include fur	ther statement	s where relevant about	s where relevant about	:
			Personal donations		from founding	Trustee,
The charity's principal sources offunds (including		Para 1.47	lan Baggett, Adderstone	and corporate donations 1993Ltd.			from
any fundraising)
			Not applicable
Investment policy and objectives including any		Para 1.46
social investment policy
adopted
			Not applicable
A description	ofthe principal	Para1.46
risks facing	the charity
Other

tructure, Governance	and Nlan	agement
Description of charity's
trusts:
Type ofgoverning document	Para 1.25	Deed ofTrust
Mow is the charity	Para 1.25	Trust
constituted?
Trustee selection methods	Para 1.25	Appointed	by The Donor during		his lifetime
including details of any constitutional provisions e.g.		or by such other as the Trustees		person or persons or body may nominate in writing for
election to post or name of		that purpose.
any person or body entitled
to appoint one or more
trustees

trustees
Additional	information (optional)
You ma	choose to include further statements	~here relevant	about:


tone Foundation			Appendix	C
1stJul 2023
Bank Accounts	Accounts for the year ended 31stJuly 2023		Verified		Method
Current Account Barclays 90119210		4,939	30,05.24		To bank Statement
Outstanding Payments		-10,500	30.05.24		To bank Statement
Outstanding Receipts		14,480	30.05.24		To bank Statement
Total Bank Balance reported at31.07.2023		8,919	30.05.24		To bank Statement