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2022-12-31-accounts

Trustees’ Annual Report for the period

From 1/1/2022 Period start date T0: 31/12/2022 Period end date

Charity name: Akonobea Foundation

Charity registration number: 1171023

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 THE ADVANCEMENT OF HEALTH FOR PEOPLE
WITH MENTAL HEALTH CONDITIONS
INCLUDING THE ELDERLY WHO HAVE
DEMENTIA, OR DEMENTIA LIKE SYMPTOMS
PARTICULARLY BY RAISING AWARENESS AND
DISSEMINATING ADVICE ABOUT THE DISEASE
AND PROVIDING ACTIVITIES AND SUPPORT IN
THE LOCAL COMMUNITY.
THE ADVANCEMENT OF EDUCATION,
EMPLOYMENT AND TRAINING FOR THE
UNEMPLOYED AND VULNERABLE ADULTS AND
YOUNG PEOPLE.
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		 DURING THE YEAR UNDER REVIEW THE
CHARITY CONTINUED WITH ITS PROJECT
TALKING-POINTWHICH PROVIDED MUCH
NEEDED CONVERSATION AND SOCIAL
CONTACT FOR ELDERLY PEOPLE WITH
DEMENTIA, TO CARERS OF THOSE AFFECTED BY
DEMENTIA AND EDUCATION OF WIDESPREAD
AUDIENCE. THIS HOWEVER HAS BEEN
CHALLENGING DUE TO GRADUAL RETURN TO
NORMALISM FROM LOCKDOWN AND THE
COVID – 19 AND ACCESS TO FUNDING TO
EXPAND TO FOOT THIS GOOD COURSE AND
OTHER OPPORTUNITES HAVE BEEN TOUGH.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 IN PLANNING ACTIVITIES FOR THE
FOUNDATION, THE TRUSTEES TAKE INTO
CONSIDERATION THE CHARITY COMMISSION'S
GENERAL GUIDANCE ON PUBLIC BENEFIT AND,
IN PARTICULAR, ITS SUPPLEMENTARY
GUIDANCE ON CHARITIES WORKING<br>INTERNATIONALLY.

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

Policy on grant making Para1.38
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 THE COVID 19 SITUATION IMPACTED ON US
HEAVILY AND UNFORTUNATELY, WE COULD
NOT BUILD ON THE ACHIEVEMENTS AS WE
HAVE HOPED. WE HAVE HOWEVER SLOWLY
PACED EASE AND RESUME INTO OUR PROJECT;
TALKING POINT AS CHANGES IN GOVERNMENT
POLICY ALLOWS. WE HOWEVER HAD A BETTER
YEAR IN COMPARISM TO 2021

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 theperiod		 Para 1.21 Income: £54.99
Expenditure: £1715.24
SEE ANNEXED ACCOUNTS.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 THE TRUSTEES WOULD LIKE TO WORK
TOWARDS MAINTAINING UNRESTRICTED
FUNDS AT A LEVEL WHICH EQUALS
APPROXIMATELY 12 MONTHS OF
UNRESTRICTED EXPENDITURE.
Amount of reserves held Para 1.22 £1,000
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

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:
Type of governing document
(trust deed, royal charter)		 Para 1.25 CIO FOUNDATION MODEL
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CHARITABLE INCORPORATED ORGANISATION
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

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 AKONOBEA FOUNDATION
Other name the charity uses
Registered charity number 1171023
Charity’s principal address HOLLY HOUSE
220-224 NEW LONDON ROAD
CHELMSFORD
CM2 9AE

Names of the charity trustees who manage the charity

1
2
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4
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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 (if any)
MS MARIAN
TAYLOR		 CHAIR
MS FOLSADE
TEMITOPE
ADEBANJO
MS VIDA ANDAM

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

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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		 Submitted electronically
MS MARIAN TAYLOR

CHAIR
30/10/2023
30/10/2023

AKONOBEA FOUNDATION

1171023

Receipts and Receipts and Receipts and payments accounts payments accounts payments accounts CC16a
For the period
from		 Period start date
01/01/2022		 To Period end date
31/12/2022
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
55 -
 -
55 88
- -
 -
- -
- -
 -
- -
- -
 -
- -
- -
 -
- -
- -
 -
- -
- -
 -
- -
- -
 -
- -
Sub total(Gross income for AR) 55 -
 -
55 88
A2 Asset and investment sales,
(see table).
- -
 -
 -
- -
 -
 - -
Sub total - -
 -
 - -
**Total receipts ** 55 -
 -
 55 88
A3 Payments
Direct Project Purchases - 281
 -
281 237
Travel - 357
 -
357 290
Refreshments - 101
 -
101 60
Publicity 85 -
 -
85 -
IT Costs 260 -
 -
260 185
Training/Development 340 -
 -
340 98
Accountancy 292 -
 -
292 240
- -
 -
- -
- -
 -
- -
**Sub total ** 976 739
 -
1,715 1,110
A4 Asset and investment
purchases, (see table)
- -
 -
 -
- -
 -
 -
**Sub total ** - -
 -
 - -
**Total payments ** 976 739
 -
 1,715 1,110
**Net of receipts/(payments) ** - 921 - 739
 -
-		 1,660 - 1,022
A5 Transfers between funds 921 - 921
 -
- -
A6 Cash funds last year end - 4,335
 -
4,335 5,357
Cash funds this year end - 2,675
 -
2,675 4,335

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

Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds - 2,675 -
- - -
- - -
Total cash funds - 2,675 -
(agree balances with receipts and payments
account(s))		 OK
 OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees		 Submitted electronically Ms Marian Taylor 30/10/23