2022-10-31-accounts - Lodders Charitable Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 01 November 2021 To 31 October 2022

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	In accordance with their decision to support three to four designated local charities for a period of 3 years they continued to support Stratford Food Bank and Network 4, the Orchestra of the Swan and Cheltenham Open Door. At the end of our financial year, two of these charities were replaced having been supported for 3 years. Substantial donations were made to each of these charities during the year. Two significant fund raising events took place namely a Dog Walk in October and a comedy night in February. These helped publicise and promote the foundation as well as the charities enabling the trustees to make some small donations. The trustees propose to continue to put on 2 fund raising events each year.

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 charity received a significant but much smaller donation during the financial year compared to the prior year from the main supporters of the charity. Additionally donations were received from other sources as well as proceeds from events. These additional receipts accounted for approximately 25% of the income which is significantly more than the prior year. These donations in addition to the undistributed funds brough forward from the prior year enabled the charity to make large distributions to our four nominated charities as well as ad hoc donations, some substantial to other causes agreed at the Trustees meeting. The charity ended the year with undistributed funds of £10,621. 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	The policy for distributing funds is to make two payments during the financial year. As such any reserves held at the financial year end relate to the timing of receipts against the timing of the distributions. Reserves held at the year end will be distributed in the following financial year. The charity does not have a policy of intentionally holding reserves.
Amount of reserves held	Para 1.22	£10,621
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 social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
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 Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works

Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	LODDERS CHARITABLE FOUNDATION
Other name the charity uses	LCF
Registered charity number	1167248
Charity’s principal address	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
Katie Mann
Baldish Khatkar
Emily Brampton		Appointed 01 October 2022
Rhiannon Edwards		Appointed 15 March 2023

– 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 n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a 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
	Alistair Howard
	Treasurer

	26/07/2023

Charity Name No (if any) LODDERS CHARITABLE FOUNDATION 1167248 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/11/2021 31/10/2022

Section A Receipts and payments

Unrestricted Restricted Endowment Total funds Last year funds funds funds

to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
Donations, Legacies and Grants	19,852	-		-		19,852	31,375
Fundraising Events	782	-		-		782	400
Sponsorship Receipts	-	-		-		-	250
		-		-		-	-
	-	-		-		-	-
	-	-		-		-	-
	-	-		-		-	-
	-	-		-		-	-
*Sub total*(Gross income for AR)	20,633	-		-		20,633	32,025

A2 Asset and investment sales,
(see table).
	-		-		-	-
	-		-		-	-	-
*Sub total*	-		-		-	-	-

*Total receipts*	20,633		-		-	20,633	32,025

A3 Payments

A3 Payments
Grants and Donations Paid	25,568	-		-		25,568	29,000
Cost of Fundraising Events	1,413	-		-		1,413	1,574
Printing, postage, stationery and
computer supplies	551	-		-		551	279
Accountancy	642	-		-		642	612
Bank Charges	-	-		-		-	10
	-	-		-		-	-
	-	-		-		-	-
	-	-		-		-	-
	-	-		-		-	-
**Sub total **	28,174	-		-		28,174	31,475

A4 Asset and investment
purchases,(see table)
	-		-		-	-
	-		-		-	-
**Sub total **	-		-		-	-	-

*Total payments*	28,174		-		-	28,174	31,475

*Net of receipts/(payments)*	- 7,541		-		-	- 7,541	550
A5 Transfers between funds	-		-	-		-	-
A6 Cash funds last year end	18,162		-	-		18,162	17,612
*Cash funds this year end*	10,621		-		-	10,621	18,162

04/08/2023

Page 1 of 2

Charitable Foundation Bank Transactions 21_22.xlsx

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

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) Details Cash at Bank *Total cash funds* Details N/A Details N/A Details Details N/A Printing of Banners for Events Signature	Unrestricted funds to nearest £ 10,621 - - 10,621	Unrestricted funds to nearest £ 10,621 - - 10,621
		10,621	-
		-	-
		-	-
		10,621	-
		OK
		ALISTAIR HOWARD

04/08/2023

Page 2 of 2

Charitable Foundation Bank Transactions 21_22.xlsx