the ashfords foundation Ashfords Foundation (A Charitable Incorporated Organisation) CIO registration number: 1180669 ANNUAL REPORT YEAR ENDED 30 APRIL 2024 43171696.1
the ashfords foundation ASHFORDS FOUNDATION ANNUAL REPORT YEAR ENDED 30 APRIL 2024 CONTENTS Page Trustees. Report stalement of Trustees & Trustees, Responsibilities Independent Examiners Report lo Ihe Trustees Receipt and Payments Accounts 43171696.1
the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Financial Review During the period to 30 April 2024, the Foundation generated a surplus of receipts over payments on unrestricted funds of £756. Receipts totaling £17.170, were received from the partners and employees ofAshfords LLP, via donations and various fund raising activities throughout the period. Investment powers and policy Under the Constitution, the Foundation has the power to deposit or invest funds, employ professional fund-manager, and arrange for the investments or other property of the CIO to be held in the name ofa nominee, in the same manner and subject to the same conditions as the trustees ofa trustare permitted to do bythe Trustee Act 2000. Reserves policy It is the Trustees, objective that the Foundation should maintain a positive level of reserves at all time5. Free reserves currently stand at £42,689, which is the bank balance as at 30 April 2024. Trustees The Trustees of the Foundation, during the period and to the date of this report, were as fo51ows:. Mr john Toth, Barny Croft, Mrs Zoe Porter, Mr Rory SuggetL Constitution The Foundation is a Charitable Incorporated Organisation. The members ofthe Foundation are its charity trustees for the time being. Ifthe Foundation is wound up. the members of the Foundation have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Byor roftheTr John th Ashfords Foundation -F025 43171696.1
the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Public benefil The Trustee Board has complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Risk management The Trustee Board is committed to the identification and management of the m2jor strategic. buslness and operational risks which the Foundation faces. The Trustee Board assisted by the Secretary is tasked with identifying the likelihood and impact of any risks. together with such actions as may be necessary to mitigate such risks. Obiectives and activities The Foundation's charitable mission is to make a real difference in the lives of the communities in which the partners and employee5 ofAshfords LLP live and work. The trustees agreed that they would for the time being direct their resources and fund raising toward5 the charity called Winston's Wish. This is in memory of a much valued colleague at Ashfords LLP who died very young leaving young children without a mother. Income has been raised and received from the Partners and employees of Ashfords LLP along with monies raised at events and from sundry donations. Achievernents and performance During the year to 30 April 2024, a total of £16,354 of donations have been paid to Winston's Wish. The Trustees are grateful to everyone who has previously raised funds for the Charity. Plans for the future The Trustees are assessing the impact that the Foundation's awards have made with a view to using this information and data to help them ensure their grant making activity is focused on supporting the Foundation's charitable mission. 43171696.1
the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Structure, Governan and Management Governing document The governingdocumentls the Ashfords Foundation Constitution adopted on 12 November 2018 which became recognised by the Charity Commission when the Foundation was registered as a Charitable Incorporated Organisation on 13 November 2018. Related Parties Donations Into the Foundation are made by Ashfords LLP. an entity in which all the Trustees are members. Objects The primary object of the Foundation set out in its Constitution is to further such charitable purposes (charitable under English Law) as the Trustees see fit from time to time in particular but not limited to the relief of poverty. hardship or distress. the advancement of education and the advancement of health or the saving of lives for the public benefit by making grants. Organisation The Trustee Board sets and oversees the Foundation's strategy and objectives, monitors its effectiveness, and awards grants through the Foundation's two grant programmes. The Trustee Board meets at least once a year. In the period covered by this Report, the Trustee Board has met once. It agreed to change its approach and supportone Charityoftheyear and chose for those purposes Winston's Wish, The work of the Trustee Board is supported by members ofAshfords who have raised funds to support the Charity of the year. The Foundation has no employees. Appointment of Trustees The Trustees are all members of Ashfords LLP and must support the objects of the Foundation. Trustees are appointed by resolution passed at a properly convened meeting of the Trustees. Apart from the first Trustees of the Foundation, every Trustee must be appointed for a term of three years. There must be a minimum of4 trustees and a maximum of12. The Foundation has not yet adopted any policies for the induction and training of trustees, but these are under active consideration. 43171696.1
the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2024 The Trustees of the Ashfords Foundation are pleased to present this report of the Ashfords Foundation (the Foundation} along with the financial statements of the Foundation for the period 1st May 2023 to 30 April 2024. The Trustees are satisfied that the financial statements comply with the requirements of the Charities Act 2011, the Charity's Constitution and the recommendations ofthe Statement ofRecommended Practice 2015. The financial statements have been prepared on Legal and administration details Official name oFCharity'. Ashfords Foundation Charity registration number: 1180669 Registered Office- Ashford House Grenadier House Exeter EXI 3LH Trustees.. lohn Toth (Chair) Zoe Porter Rory Suggett Barny Crolt Bankers= Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME194TA 43171696.1
CHARIIY COMMISSION FOR ENGLAND AND WALES A8hlord8 Foundatlon Receipts and payments accounts CC16a For the perlod from 01n512023 3010412024 Section A Receipts and payments Unrestric18d funds R8Stiict8d funds Endowmenl funds Total funds st year 10 the Marmt to Ihe noArn91 £ lo th• n•st £ Io Ihg wr91t E to lh• A1 Recel t$ Donaiions Fundraisiry events 1S,942 1.142 14942 1.142 86 tola ross Income or AR) 17,170 17.170 A2 Asset and Investment leS. 158e t8bl81. Totsl r8coipts 17.170 ments Granls and donation$ pa Bar& inieresi and charges FundfaisiD 16,354 60 Sub total 16,414 16N14 A4 Assèl and Inv•stmènt UrchaS sae tsblo Sub total rot81 payments 16,414 16,414 Net of relp1S/(payMenIsJ A5 Transfers between lund8 A6 Cash funds last year end Cash funds Ihis year gnd 756 42,68 42.689 CCXX R1 accounts ISSI 2410212025
Section B Statement of assets and liabilities at the end of the period Unre$tri¢ted funds to t Restrlcted funds 10 ntr8ieSt t Endowment funds Calegorlès B1 Cash funds Bank4(UnI 42,689 Total ¢8$h fund$ 149ro8 •r1th rewty$¥ré paymw$ uv Unr85trlet funds to nvar?Jtt Restrictsd funds lo nu¢est E Endowment fund# to newesl t Details Fund lowhlch btrl Cosl Icyllonllll Curront voluo onel Detai15 Fund to whkh assel bvlo Current VAI onal Details Cosl (gpllonDII 84 Assets retalned for the chorltys own use Fund 10 whkh rel•te$ Amountdue onal YlThqn du Details 85 Llabilities Signed by en8 or trustees on behalf ol the tru51ee5 Signaturo Prinl Name Dat8 01 roval CCXX R2 accounts ISSI 2410212025