2021-04-05-accounts - The Palmiro Foundation

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 6th April 2020 To 5th April 2021

Section A Reference and administration details

Charity name Palmiro Foundation (The)

Other names charity is known by

Registered charity number (if any) 1167782 Charity's principal address PO Box 621

Manchester

Postcode M14 0PE

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
John Stephen
1
Eckersley
Alison Jane
2
Eckersley
3 David Elton
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

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

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) By resolution passed at a properly convened meeting of trustees Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

To advance such charitable purposes (according to the law of England & Wales) as the trustees see fit from time to time.

Summary of the objects of the charity set out in its governing document

March 2012

TAR

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

In previous years the trustees have commented that no grants had been advanced due to the charity remaining in its formative stage. The capital of the charity remained very modest during the year just ended. However, given the difficult economic backdrop due to the emergence of the Covid global pandemic, the trustees felt compelled to extend support to four individual charities at a level felt likely to make a practical difference to each charity concerned. The monies in each case were very gratefully received. This makes further donations less likely in the short term, pending receipt of additional capital sums from the charity’s founders and their close associates. The trustees are aware that, at some stage, they can expect to receive a legacy of a size which will represent a multiple of current resources, although by its nature the timing of this legacy is uncertain. This will offer a much-increased future opportunity to provide ongoing public benefit.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

As outlined above, the trustees‘ resources are now extremely modest, as a result of the award of four donations during the year, totalling £6,000.

March 2012

TAR

Section E Financial review

Whilst having no intention to retain monies for the sake of accumulating Brief statement of the assets per se, the trustees continue to recognise that they need to charity’s policy on reserves manage current resources carefully, pending the receipt of expected further funds.

Details of any funds materially in deficit

N/A

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) John Stephen Eckersley Position (eg Secretary, Chair, Trustee etc) Date 06/01/2022

March 2012

TAR

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The Palmiro Foundation 1167782
Receipts and payments accounts CC16a
For the period 06/04/2020 05/04/2021
To
from
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
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) - - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts - - - - -
A3 Payments
Bank Charges 69 - - 69 60
Donations 6,000 - - 6,000 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 6,069 ] - - 6,069 60
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 6,069 - - 6,069 60
Net of receipts/(payments) - 6,069 - - - 6,069 - 60
A5 Transfers between funds - - - - -
A6 Cash funds last year end 9,645 - - 9,645 9,705
Cash funds this year end 3,576 - - 3,576 9,645
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CCXX R1 accounts (SS)

06/01/2022

Section B Statement of assets and liabilities at	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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Current account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 3,576 - - - - - 3,576 - 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 John Eckersley	Endowment funds to nearest £ - - -
			-
			OK
			Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 06/01/2022

CCXX R2 accounts (SS)

06/01/2022