2020-10-30-accounts - Lodders Charitable Foundation

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Trustees’ Annual Report for the period

From 01 November 2019 To 31 October 2020 Charity name: LODDERS CHARITABLE FOUNDATION

Charity registration number: 1167248

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance such charitable purposes (according to the Law of England and Wales) as the Trustees see fit from time to time.
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	The trustees have determined to support local charities in the Midlands area every year with the funds it manages to raise. The object of the CIO is to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time. The Trustees will arrange at least two fund raising activities during this year and will seek donations.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have all been trained on the requirements of acting as a Trustee and individually and as a group have regard to the guidance issued by the Charity Commission.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

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	The trustees have supported four Midland based charities this year with the funds it has managed to raise. It has focused on fund raising activities and developing new relationships with the charities which the Foundation was to support this coming year. A number of fund raising events had to be cancelled due to the restrictions imposed because of the Covid pandemic. A virtual comedy evening was run, all the funds being donated to Network 4. Additional fund raising was achieved through dress down days and ad hoc donations. The four nominated charities (The Orchestra of the Swan, Cheltenham Open Door, Stratford Food Bank and Network 4) mainly received their distributions after the financial year and so these payments are not included in the accounts for this financial period.

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	The total funds received in the year was significantly greater than prior years. During the financial year, the foundation was developing links with new beneficiaries prior to distribution of funds. The charity ended the year with undistributed funds of £17,612. The trustees propose to distribute the majority of this in the current financial year.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves were held at the end of the financial year owing to the timing of the annual event where the distribution is made falling after the year end. £9,000 of the reserves were distributed to our beneficiaries early in the following financial year.
Amount of reserves held	Para 1.22	£17,612
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO – registered 20 May 2016
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	Apart from the first charity trustees, every trustee must be appointed for a term of not less than one year and not more than five years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees have regard to the knowledge and experience needed for the effective administration of the CIO.

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
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Lodders Charitable Foundation
Other name the charity uses
Registered charity number	1167248

Charity’s principal address	Lodders Solicitors 10 Elm Court Arden street Stratford-Upon-Avon CV37 6PA

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
David Lodder	Chairman
Martin Green
Mark Miller
Alistair Howard	Treasurer
Angela Howard
Michael Wakeling
Faye Reynolds		Appointed 18 May2020
Baldish Khatkar		Appointed 5 June 2020

– Corporate trustees names of the directors at the date the report was approved

Director name

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	n/a
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	n/a
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	n/a

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




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) Alistair Howard Position (eg Secretary, Treasurer Chair, etc) Date 27/7/21

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF LODDERS CHARITABLE FOUNDATION

I report to the trustees on my examination of the accounts of Lodders Charitable Foundation for the year ended 31 October 2020.

Responsibilities and basis of report

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners’ statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect:

the accounting records were not kept in accordance with Section 130 of the Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, 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.

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.

……………………………………………… Jon Cartwright FCCA, CTA, TEP

2 August 2021 Date: …………………

Hazlewoods LLP Chartered Accountants

	Charity Name LODDERS CHARITABLE FOUNDATION	Charity Name LODDERS CHARITABLE FOUNDATION	Charity Name LODDERS CHARITABLE FOUNDATION	No (if any) 1167248	CC16a
	For the period from	01/11/2019 Period start date	To	Period end date 31/10/2020

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 10,933 420 1,000 - - - - 12,353 - - - 12,353 21,185 1,041 77 600 - - - - - 22,903 - -	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 10,933 420 1,000 - - - - -	Last year to the nearest £
Donations, Legacies and Grants	10,933			10,933	23,971
Fundraising Events	420			420	1,515
Sponsorship Receipts	1,000			1,000	2,020
				-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
*Sub total*(Gross income for AR)	12,353			12,353	27,506
				- - - 12,353 21,185 1,041 77 600 - - - - - 22,903 - - - 22,903
A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					27,506

Grants and Donations Paid	21,185				1,155
Cost of Fundraising Events	1,041				2,047
Printing, postage, stationery and computer supplies	77				48
Accountancy	600				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	22,903				3,249

A4 Asset and investment purchases, (see table)
	-	-	-	-
	-	-	-	-
**Sub total **	-	-	-	-	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*	22,903 - 10,550 - 28,162 17,612	- - - - -	- - - - -
					3,249

	- 10,550	-	-	- 10,550	24,257
	-	-	-	-	-
	28,162	-	-	28,162	3,905
	17,612	-	-	17,612	28,162

Section B Statement of assets and liabilities at the end of the period

12/08/2021

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Charitable Foundation Bank Transactions 19_20.xlsx

Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds	Signature N/A Details Details N/A Details N/A Details N/A Cash at Bank *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 17,612 - - - - - 17,612 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Alistair Howard	Endowment funds to nearest £
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			-
			-
			-
			OK
			Endowment funds to nearest £
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			-
			Current value (optional)
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			Current value (optional)
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			When due (optional)






			Date of approval
		Alistair Howard	27/07/2021

12/08/2021

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Charitable Foundation Bank Transactions 19_20.xlsx