Lara Jones Charitable Foundation Trustees’ Annual Report and Accounts Year ended 31 ## **LARA JONES CHARITABLE FOUNDATION (“LARA’S FOUNDATION”)** A CHARITABLE INCORPORATED ASSOCIATION ANNUAL REPORT AND ACCOUNTS TO 31 DECEMBER 2021 CHARITY NUMBER: 1150319 1 ## CONTENTS ||Page| |---|---| ||number| |Reference information|3| |Introduction|4| |Structure, governance and management|4| |Objectives, achievements and|6| |performance|| |Financial review|10| ## Reference Information Board of Trustees Carolyn RAYNER Jessica JONES Sophie JONES Registered Office Wilds Farm, Cumeragh Lane, Whittingha m Preston PR3 2AN Website www.larasfoundation.co.uk Charity registration number 1150319 Bankers BARCLAYS BANK PLC FISHERGATE BRANCH PRESTON ## **Introduction** The trustees present their annual report and the financial statements for the year ended 31 December 2021. ## **Structure, governance and management** The Foundation was registered with the Charity Commission as a Charitable Incorporated Organisation on 2 January 2013. All of the Foundation’s activities are charitable. The objects of the Foundation are: 1. For the public benefit to: - (a) advance the education of individuals whose first language is not English in such ways as the charity trustees think fit but, in particular, in the subject of the English language; - (b) prevent or relieve financial hardship by providing or assisting in the provision of education or training in such ways as the charity trustees think fit. 2.Such other purposes that are charitable under the law of England and Wales both within the United Kingdom and elsewhere throughout the world. The Foundation was set up in memory of Lara Jones. Lara was a dedicated and inspirational TESOL teacher (a teacher of English to speakers of other languages) and taught English to non-native speakers across the world. The aim of the Foundation is to continue Lara’s work by facilitating the learning of English for people of low to no income in developing communities outside or within the United Kingdom. There are currently three trustees of the charity are Carolyn RAYNER who was appointed as trustee for an initial term of four years and Jessica JONES and Sophie JONES who were both appointed for initial terms of three years and reappointed for a further term of 3 years. The trustees are responsible for the strategic direction and policy of the Foundation and for the furtherance of the objects for which it is established. The trustees communicate on a regular basis to discuss the activities of the Foundation. ## Objectives, achievements and performance Activities in 2021 The trustees have due regard to the Charity Commission’s guidance on public benefit when considering the Foundation’s objectives and activities. This year, because of the pandemic, we have been unable to hold any fundraising events and our income has diminished. Our reserves are now very low and , at the time of writing, it is uncertain as to whether we will be able to continue as a charitable foundation. Objectives for 2022 The Foundation’s main objectives for 2022 are: To consider how funds can be raised to enable the Foundation to continue. To continue to support the students at Gramodhaya Financial Review _Principal funding sources_ The main source of income for the Foundation arises from donations received at social events. The trustees have due regard to the Charity Commission’s guidance on fundraising legally and responsibly when organising and running events. _Results for the year ended 31[st] December 2021_ The accounts for Lara’s Foundation for the year ended 31 December 2021 have been prepared on a receipts and payment basis using the Charity Commission’s CC16A pro forma template. The accounts have been filed with the Charity Commission on the same date as this report. _Investment policy_ The accounts show that , as at 31 December 2021, the trustees held £25,137in cash in its current and savings accounts with Barclays Bank plc. The trustees consider this to be the most suitable form of investment for Lara’s Foundation for the present time, given the intention of the trustees to fund further projects over the course of the next couple of years, in furtherance of the Foundation’s charitable objects. The trustees aim to hold a minimum of £10,000 in cash at any given time. The trustees consider that the charges and rates of interest attached to the accounts with Barclays Bank plc to be competitive. The trustees are also satisfied that the almost full balance of the funds is protected by the Financial services Compensation Scheme **----- Start of picture text -----**
LARA JONES CHARITABLE FOUNDATION 1150319
Receipts and payments accounts CC16a
For the period Period start date To Period end date
from 01.01.21 31.12.21
Section A Receipts and payments
Unrestricted Endowment
funds Restricted funds funds Total funds Last year
to the nearest to the nearest
to the nearest £ to the nearest £ to the nearest £
£ £
A1 Receipts
Donations via Virgin Money Giving 1,153 - - 1,153 2,279
- - - -
Individual donation vis Direct Debits 764 - - 764 131
- - - - -
- - - - -
Gift Aid on the Direct Debits 104 - - 104 -
Deposit Interest 1 - - 1 15
- - - - -
Sub total (Gross income for AR) 2,022 - - 2,022 2,425
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 2,022 - - 2,022 2,425
A3 Payments
PROJECT FUNDING - - - 15,000
DIRECT EXPENSES OF - - - - -
XMAS FUNDRAISER - - - -
- - - - -
- - - - -
INDIRECT EXPENSES - - - -
CREDIT CARD MACHINE - - - -
1 & 1 WEBSITE HOSTING 12 - - 12 12
- - - - -
Sub total 12 - - 12 15,012
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - - -
Total payments 12 - - 12 15,012
Net of receipts/(payments) 2,010 - - 2,010 - 12,587
A5 Transfers between funds - - - - -
A6 Cash funds last year end 23,127 - - 23,127 35,714
Cash funds this year end 25,137 - - 25,137 23,127
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period** |||||**Unrestricted**|**Restricted funds**|**Restricted funds**|
**Endowment**|
**Endowment**| |---|---|---|---|---|---|---|---|---| ||**Categories**|**Details**||**funds**||||**funds**| |**B1**|**Cash funds**|CURRENT ACCOUNT
DEPOSIT ACCOUNT|
**_Total cash funds_**|**to nearest £**
**10,791**
**14,346**
**25,137**|**to nearest £**
**-**
**-**
**-**
**-**||**to**



|**nearest £**
**-**
**-**
**-**
**-**| |||(agree balances with receipts and||||||| |||payments account(s))||OK|OK||OK|| |||||**Unrestricted**||**Restricted**|**Endowment**|| |||||**funds**||**funds**||**funds**| |**B2**|**Other monetary assets**|**Details**||**to nearest £**
**-**||**to nearest £**
**-**|**to**
|**nearest £**
**-**| |||**-**
**-**
**-**
**-**
**-**|



|**-**
**-**
**-**
**-**
**-**|



|**-**
**-**
**-**
**-**
**-**| |---|---|---|---|---|---|---| |**B3 Investment assets**|**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**|| |**B4 Assets retained for the**|**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**||**-**
**Current value**
**(optional)**|| |**charity’s own use**|||






|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|






|**-**
**-**
**-**
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**-**
**-**
**-**| |||**Fund to which**|**Amount due**||**When due**|| |**B5 Liabilities**|**Details**|**liability relates**|




**(optional)**|**-**
**-**
**-**
**-**
**-**|**(optional)**|| |Signed by one or two trustees on
behalf of all the trustees|Signature|Print Name|||Date of
approval|| ||Carolyn A Rayner|CAROLYN A RAYNER|||17.02.22||