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 2022 CHARITY NUMBER: 1150319
1
CONTENTS
| Page | |
|---|---|
| number | |
| Reference information | 3 |
| Introduction | 4 |
| Structure, governance and management | 4 |
| Objectives, achievements and | 6 |
| performance | |
| Financial review | 9 |
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 2022.
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:
-
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;
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(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 and then a further 6 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 2022
The trustees have due regard to the Charity Commission’s guidance on public benefit when considering the Foundation’s objectives and activities.
This year direct donations remained static. However one of the Trustees,Jessica Jones held a fun raising event in which she swam in open water every day of February 2022. In so doing , she raised nearly £7k which were much needed funds.
Objectives for 2023
The Foundation’s main objectives for 2023 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 2022
The accounts for Lara’s Foundation for the year ended 31 December 2022 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
£34,552 in 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
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LARA JONES CHARITABLE FOUNDATION 1150319
Receipts and payments accounts CC16a
For the period Period start date To Period end date
from 01.01.22 31.12.22
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
- - - -
Individual donation via Direct Debits 7,977 - - 7,977 764
- - - - -
- - - - -
Gift Aid on the Direct Debits 1,446 - - 1,446 104
Deposit Interest 4 - - 4 1
- - - - -
Sub total (Gross income for AR) 9,427 - - 9,427 2,022
A2 Asset and investment sales,
(see table).
- - - - -
- - - - -
Sub total - - - - -
Total receipts 9,427 - - 9,427
A3 Payments
PROJECT FUNDING - - - - -
DIRECT EXPENSES OF - - - - -
XMAS FUNDRAISER - - - - -
- - - - -
- - - - -
INDIRECT EXPENSES - - - -
CREDIT CARD MACHINE - - - -
1 & 1 WEBSITE HOSTING 12 - - 12 12
- - - - -
Sub total 12 - - 12 12
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - - -
Total payments 12 - - 12
Net of receipts/(payments) 9,415 - - - 12
A5 Transfers between funds - - - - -
A6 Cash funds last year end 25,137 - - 23,127
Cash funds this year end 34,552 - - 23,115
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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 £ 20,202 14,350 34,552 |
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 | - - - - - - - - |
- - - - - - - - |
||||
| 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 | 31.03.23 |