| ~ I | |
|---|---|
| Summary ofthe main achievements ofthe charity during the year |
Both the Schools the trustees had been supporting -the San Remegio Central School and the Don Calixto SrYongco Elementary School —re- opened during this year after the relaxing ofrestrictions caused by the COVID-19 pandemic, and funding ofthe feeding programmes in the |
| school was recommenced. A third school, Cubacub Elementary School, |
|
| was also added to the feeding programme. | |
| In total, more than 440 children benefitted from this programme. |
|
| The Foundation does not at present have a Reserves Policy. The funding |
|
| Briefstatement ofthe charity's policy on reserves |
ofthe feeding programme is not committed to by the trustees unless they are sure that sufficient funds are already held. Forthat reason, a |
| Reserves Policy is considered to be unnecessary at this time. |
|
| net Ilsofanyfundsmaterlally in deficit |
N |
| Further financial review details |
(Optional information) |
| You may choose to include additional information, where relevant about: |
At the end ofthe financial year, the Foundation held funds amounting to f10,182.18.This was R2,157.95less than the funds held at the start of the year. |
| ~ the charity's principal sources offunds (including any fundraising); |
During the year, f8,374.00was spent on the feeding programme and the food essentials. No funds had been spent on the programme in the previous year as it had been suspended due to the Covid-19 pandemic. |
| ~ how expenditure has supported the key objectives ofthe charity; ~ investment policy and objectives including any ethical investment policy adopted. |
The Foundation's main source of income are the surpluses from organised fundraising and sponsorship events and donations. During the year, after costs: ~ organised fundraising events raised P3,572.98; ~ sponsorship events organised raised f209.10;and ~ donations received, including Gift Aid, were f2,433.97. |
| 0 ~ |
~ ~ ~ 0 ~ ~ ~ |
| Unrestricted | Restricted | Restricted | Endowment | |||||
|---|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | funds | ||||
| to nearest 8 | to | nearest 8 | to nearest 8 | |||||
| B1Cash | funds | Cash at Bank | 10,182 | |||||
| Total cash funds | 10,182 | |||||||
| (agree tralances | with receipts and payments | |||||||
| account(s)) | ||||||||
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | ||||||
| Details | to nearest 8 | to | nearest S | to nearest f | ||||
| B2Other monetary assets | ||||||||
| Details | Fund to which asset belon s |
Cost (optional) | Current value o tional |
|||||
| B3Investment | assets | |||||||
| Details | Fund to which asset belon s |
Cost (optional) | Current value o tional |
|||||
| B4 Assets retained for the | ||||||||
| charity's | own | use | ||||||
| Fund to which | Amount due | When due | ||||||
| Details | liabili relates |
o tional | o ional |
|||||
| B5Liabilities | ||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | Date of a roval |
|||||
| Babeth | Street | 20/09/2023 | ||||||
| Martin | Lewis | 20/09/2023 |