## ## |||||||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.||| ## |||||SORP reference||| |---|---|---|---|---|---|---| |||||Para 1.38|Not applicable,|this charity does not| |Policy|on|grant|making||provide grants.|| |||||Para 1.38|Not applicable,|this charity does not make| ||||||investments.|| |Policy on|social investment|social investment|social investment|| |---|---|---|---|---| |including|program||related|| |investment||||| |||||Para 1.38| |Contribution||made|by|| |volunteers||||| ## |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:| |Policies and
adopted for|procedures
the induction|procedures
the induction|Para 1.51| |---|---|---|---| |and training|oftrustees||| |The charity's
structure
and||organisational
any wider|Para 1.51| |network
with||which the|| |charity works|||| |Relationship||with any related|Para 1.51| |parties|||| |Other|||| ## ## ## ## ## |Signed|on behalf ofthe|charity's trustees| |---|---|---| ||Signature(s)|| ||Full name(s)|Dr IR Baggett BSc(Hons) PhD| |Position|(eg Secretary,
Chair, etc)|Trustee| ||Date|| ## ## ## ## ## ## ## ||||||| |---|---|---|---|---|---| |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|