## **Trustees’ Annual Report for the period**
**From 01/04/2021 Period start date To Period end date**
**31/03/2022**
## **Charity name: The KONA FOUND**
## **Charity registration number: 1157502**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|1. Develop young people`s skills, capacities
and capabilities.
2. Advancing education of young people
3. Relieving young people`s unemployment
in the UK and Europe
4. Providing recreational events locally|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|In general KONA and the volunteers are
helping the local community with local and
international volunteers. Activities include
beach cleaning, “Green man”, tree planting,
community gardening, cultural events.
The impact of the pandemic was still felt -
international volunteers have been hosted
only from September onwards!
Local volunteers have been cultivating the
garden and gave the produce and harvest
to local people! Very little other activities
have been possible this year!|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
**Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|The main resource of our funds are from
European projects (ERASMUS+ and
European Solidarity Corps - ESC). Due to
still COVID related cancellation of activities
and further hindrances through new visa
regulations for long term volunteers, we
were able to realise only 4 projects (instead
of 10 or more projects – as normally we
would have monthly residentials) from
European sending partner.|
||||
|Policy on social investment
including program related
investment|Para 1.38||
|---|---|---|
|Contribution made by
volunteers|Para 1.38|Volunteers are the most important asset of our
organisation. They have been helping out on
many occasions, e. g. preparing for the benefit
of the community like cultural evenings, beach
cleanings and other community activities. Also
this year especially our local volunteers
maintained the garden, planted, harvested
some veggies and distributed the produce in
the local community.|
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Also this year, there was limited contribution
to local activities compared to usual years. The
work within the community by the local
volunteers was very positive and successful.
From September 2021 till March 2022, we
could host 4 projects with international
volunteers (12 short term, 2 long term
volunteers)|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||||
|---|---|---|
|Achievements against
objectives set|Para 1.41||
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Even in the crisis, although this year we
could maintain our stable financial status.
No mayor spendings, but a COVID grant
was provided**.**|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22||
|Amount of reserves held|Para 1.22||
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|-
European European grants (ERASMUS+ and
European Solidarity Corps) funds available
through the partners (applicants)
-
This year also COVID-crisis-fund|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46|None
In general communication within the board,
the directors and the volunteers kept fluent,
physical appearances and meetings have been
limited on certain time periods of the crisis as
SAFETY FIRST!|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed,royal charter)|Para 1.25|Memorandum + Articles of Association|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustee meeting and vote
One of the mayor aims is to attract more
trustee’s for the charity|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|•
Charity Commission guidelines
•
ERASMUS+ Programme guide
•
Handbook for projects and events|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|•
Board
•
Director
•
Volunteers
•
The Rückenwind Network
•
Expression of interest within the ESC-
programme|
|Relationship with any
related parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charityname|The Kona Foundation|
|---|---|
|Other name the charity uses|KONA|
|Registered charitynumber|1157502|
|Charity’s principal address|The Manse
Garrett Street
Cawsand
PL10 1PD Torpoint, Cornwall|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Doreen Westlake||||
||Jerome Leopold||||
||Leo Kaserer||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name Sarah Hill**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Leo Kaserer||
||
Chair||
||29.11.2022||
||29.11.2022||
Company registration number: CE002121 Charity registration number: 1157502
## The Kona Foundation
(A company limited by share capital) Annual Report and Financial Statements
for the Year Ended 31 March 2022
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Accountants' Report|5|
|Independent Examiner's Report|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
## **Reference and Administrative Details**
**Trustees** Mr Leo Kaserer Ms Doreen Westlake **Charity Registration Number** 1157502
## **Trustees**
**Company Registration Number** CE002121
The charity is incorporated in United Kingdom. **Registered Office** Garrett Street Cawsand Cornwall PL10 1PD **Accountants** Carey Accountancy Ltd Higher Treyone Polbathic Cornwall PL11 3HE
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.
## **Objectives and activities**
## _**Public benefit**_
- 1) Develop young people's skills, capacities and capabilities
- 2) Advancing education
- 3) Relieving young people's unemployment in the UK and Europe
- 4) Providing recreational events locally
- 5) Supporting the local community in our full capacity
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr Leo Kaserer
Ms Doreen Westlake
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
##
##
##
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of The Kona Foundation for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 31 March 2022 and signed on its behalf by:
# **Chartered Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Kona Foundation for the Year Ended 31 March 2022**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Kona Foundation for the year ended 31 March 2022 as set out on pages 8 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/PROFESSIONAL/ETHICS.
This report is made solely to the Trustees of The Kona Foundation. Our work has been undertaken solely to prepare for your approval the accounts of The Kona Foundation and state those matters that we have agreed to state to the Trustees of The Kona Foundation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Kona Foundation and its Trustees as a body for our work or for this report.
It is your duty to ensure that The Kona Foundation has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of The Kona Foundation. You consider that The Kona Foundation is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Kona Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Carey Accountancy Ltd Higher Treyone Polbathic Cornwall PL11 3HE 31 March 2022
## **Independent Examiner's Report to the trustees of The Kona Foundation**
I report on the accounts of the charity for the year ended 31 March 2022 which are set out on pages 8 to 9 .
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................... Carey Accountancy Ltd CIMA
31 March 2022
## **Independent Examiner's Report to the trustees of The Kona Foundation ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of The Kona Foundation are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of The Kona Foundation as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Carey Accountancy Ltd CIMA
31 March 2022
## **Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|||**Unrestricted**||**Total**||
|---|---|---|---|---|---|
|||**funds**||**2022**||
||**Note**|**£**||**£**||
|**Income and Endowments from:**||||||
|Donations and legacies||389||389||
|Total income||389||389||
|**Expenditure on:**||||||
|Raising funds||(4,189)||(4,189)||
|Charitable activities||(6,595)||(6,595)||
|Total expenditure||(10,784)||(10,784)||
|Net expenditure||(10,395)||(10,395)||
|Net movement in funds||(10,395)||(10,395)||
|**Reconciliation of funds**||||||
|Total funds brought forward||21,621||21,621||
|Total funds carried forward||11,226||11,226||
|||||||
|||**Unrestricted**||**Total**||
|||**funds**||**2021**||
||**Note**|**£**||**£**||
|**Income and Endowments from:**||||||
|Donations and legacies||29,073||29,073||
|Other income||500||500||
|Total income||29,573||29,573||
|**Expenditure on:**||||||
|Raising funds||(8,541)||(8,541)||
|Charitable activities||(10,030)||(10,030)||
|Total expenditure||(18,571)||(18,571)||
|Net income||11,002||11,002||
|Net movement in funds||11,002||11,002||
|**Reconciliation of funds**||||||
|Total funds brought forward||10,619||10,619||
|Total funds carried forward||21,621||21,621||
|||||||
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note .
Page 8
## **(Registration number: CE002121) Balance Sheet as at 31 March 2022**
|||**2022**||**2021**||
|---|---|---|---|---|---|
||**Note**|**£**||**£**||
|**Fixed assets**||||||
|Tangible assets||3,159||2,844||
|**Current assets**||||||
|Cash at bank and in hand||8,744||19,921||
|**Creditors: Amounts falling due within one year**||(677)||(1,144)||
|**Net current assets**||8,067||18,777||
|**Net assets**||11,226||21,621||
|||||||
|**Funds of the charity:**||||||
|**Unrestricted income funds**||||||
|Unrestricted funds||11,226||21,621||
|**Total funds**||11,226||21,621||
|||||||
For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 to 9 were approved by the trustees, and authorised for issue on 31 March 2022 and signed on their behalf by:
Page 9