## **Trustees’ Annual Report for the period** **From** 1[st] January 2021 **Period start date To** 31[st] December 2021 **Period end date** **Charity name:** Nudge Foundation ## **Charity registration number:** 1168440 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|TO ADVANCE THE EDUCATION OF THE
PUBLIC IN THE SUBJECT OF SOCIAL
INCLUSION AND COMMUNITY
COHESION AND TO PROMOTE SOCIAL
INCLUSION FOR THE PUBLIC BENEFIT
BY PREVENTING PEOPLE FROM
BECOMING SOCIALLY EXCLUDED,
RELIEVING THE NEEDS OF THOSE
PEOPLE WHO ARE SOCIALLY
EXCLUDED AND ASSISTING THEM TO
INTEGRATE INTO SOCIETY, AS WELL
AS TO PROMOTE RESEARCH FOR THE
PUBLIC BENEFIT IN ALL ASPECTS OF
THE SUBJECT AND TO PUBLISH THE
USEFUL RESULTS| |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|To further the aims of the foundation,
applications for grants are invited from
charitable organisations, and are
distributed annually, as funding allows.
However as it became clear into the new
year of 2021 that the continuing social
effects of Corona would mean poor
participation in the application process, it
was again agreed among the trustees to
postpone the March grant application
process.
This was also the agreement in June since
the ongoing negative effects of Corona
virus on Nudge Factory Ltd’s profitability,
with the company being the main source of
income stream for the charity, would mean
no additional funds coming to the
foundation.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|The trustees continue to make decisions
while having due regard for the Charity
Commission’s guidance on public benefit.| Commission on public benefit ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|To make grant payments in keeping with
advancing the mission of the charity, when
funds allow.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |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|With there being insufficient funds available
to do another two rounds of grants (at
£2000 per round), trustees decided it would
be preferable to only start the process
again when we are in a position to offer two
rounds in a year. This would mean that
grant recipients/ participants in the
application process would perceive a build
up of some continuity in the process.
Due to there having been a prolonged
period with no grants being paid, it will be
preferable to advertise any new grant
application process several months in
advance, to ensure the best participation
possible| **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** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity holds liquid assets of £3,626.00
at the end of this reporting period, with no
further reportable assets held
This is fully reported in the Charity’s
financial return.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|As was agreed in the inaugural grant
process, reserves are to be held to guard
against fluctuations in future receipts or
payments to ensure momentum for
charitably engaged activities is not lost and
remains consistent.| |Amount of reserves held|Para 1.22|Reserves are currently held at £3,626| |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
any fundraising)|Para 1.47|| |---|---|---| |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:||No assets held in trust| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|Charity Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation (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|10. Appointment of charity trustees
(1) Apart from the first charity trustees,
every trustee must be appointed for
a term of three years by a resolution
passed at a properly convened
meeting of the charity trustees.
(2) In selecting individuals for
appointment as charity trustees, the
charity trustees must have regard to
the skills, knowledge and
experience needed for the effective
administration of the CIO.
[(3) Nominated Trustee[s]
(a) NUDGE FACTORY LTD
(“the appointing body”) may
appoint two charity trustees.
(b) Any appointment must be
made at a meeting held
according to the ordinary
practice of the appointing
body.
(c) Each appointment must be
for a term of three years.
(d) The appointment will be
effective from the later of:
(i) the date of the vacancy;
and
(ii) the date on which the charity trustees or
their secretary or clerk are informed of the
appointment.
(e) The person appointed need
not be a member of the
appointing body.
(f) A trustee appointed by the
appointing body has the
same duty under clause 9(1)
as the other charity trustees| to act in the way he or she decides in good faith would be most likely to further the purposes 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|Nudge Foundation| |---|---| |Other name the charity uses|n/a| |Registered charity number|1168440| |Charity’s principal address|Unit 35 Centrale, Keeley Road, Croydon, CR0 1TF| ||| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Ahzaz Chowdhury|Trustee||| ||Ben Scully|Treasurer||| ||Barry Russell|Chair||| ||Kamlesh Desai|Trustee||| ||Emma Scully|Secretary||| ||Mark Watson|Trustee||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names at the date the report was approved **Director name Ahzaz Chowdhury Emma Scully** 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**||| |---|---|---| ||Ben Scully|Emma Scully| ||
Treasurer|Secretary| ||10/10/22|| ||10/10/22|| ||**Nudge Foundation**|**Nudge Foundation**|**Nudge Foundation**|**Nudge Foundation**|**Nudge Foundation**|**1168440**|**1168440**|**1168440**|**CC16a**| |---|---|---|---|---|---|---|---|---|---| ||**For the period**
**from**||01/01/2021||**To**||31/12/2021||| ||||||||||| |**Section A Receipts and payments**|||||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**||**Restricted**
**funds**
**to the nearest £**||**Endowment**
**funds**
**to the nearest £**||**Total funds**
**to the nearest £**||**Last year**
**to the nearest £**| ||**-**||**-**||**-**||**-**||**3,626**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**-**||**-**||**-**||**-**||**3,626**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_ **
**A3 Payments**|||||||||| ||||||||||**3,626**| ||||||||||| ||||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_ **|**-**||**-**||**-**||**-**||**-**| ||||||||||| |**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_**|||||||||| ||||||||||**-**| ||||||||||| ||**-**||||||||**3,626**| ||**-**||||||||**-**| ||**3,626**||||||||**-**| ||**3,626**||||||||**3,626**| CCXX R1 accounts (SS) 10/10/2022 1 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**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**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**||**Unrestricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**3,626**
OK
**Unrestricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**||**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
OK
**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**||**Endowment**
**funds**
**to nearest £**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||OK| ||||||||**Endowment**
**funds**
**to nearest £**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**Current value**
**(optional)**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||**Details**||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||Emma Scully
Signature
BMScully
**Details**||**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
BenScully
Emma Scully||||**When due**
**(optional)**| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||Date of
approval| ||BMScully||BenScully||||10/10/2022| ||Emma Scully||Emma Scully||||10/10/2022| CCXX R2 accounts (SS) 10/10/2022 2