Trustees’ Annual Report for the period
From 31/12/21 Period start date To 31/12/22 Period end date
Charity name: Passion Project Foundation
Charity registration number: 1180700
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Foundation will act as a resource for young, vulnerable and excluded people in the United Kingdom (and Globally) by providing advice and assistance and organising programmes as a means of: advancing in life; - developing their resiliency and skills, advancing education, relieving unemployment, supporting social welfare, promotion of social / financial inclusion, delivering social impact and lobbying. |
| 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 |
Developing programmes and projects that support people to develop. Creating social investment that alleviates exclusion and lack of wellbeing. Developing a method of change and measuring sustained improvement – a new social impact index. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees have had regard, training and a trustees planning day on the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference We have developed a draft policy. Para 1.38 Policy on grant making We have developed a draft policy. Para 1.38 Policy on social investment including program related investment
| Contribution made by volunteers |
Para 1.38 | We have developed a draft policy to encourage volunteers and have had volunteers contribute to it. |
|---|---|---|
| Other | None |
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 | We have developed models and projects to alleviate exclusion and to build resilience for the people we wish to support. We have developed a investment route and social impact projects to go live in 2024. We have a social measuring index in development that can track and demonstrates social growth. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | Social investment route – completed. Social growth index mapped. Projects defined for regional delivery. |
| Performance of fundraising activities against objectives set |
Para 1.41 | Large investors briefed and available for investment tranche 1 in 2024. |
| Investment performance against objectives |
Para 1.41 | Good. Main models and investment route completed. |
| Other | Marketing materials and service models development is ongoing. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | One long-term, interest-free loan to provide initial working capital. Income 23/24 plan in place. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No reserves |
| Amount of reserves held | Para 1.22 | As above |
| Reasons for holding zero reserves |
Para 1.22 | Deployed in development and investment is structure to specific projects. |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
| Additional information (optional) You may choose to include further statements |
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 | Social Investment |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | Investment is tracked to specific social impact schemes. |
| A description of the principal risks facing the charity |
Para 1.46 | Risk mitigation plans address: 1. Political/system change 2. Competitors 3. Co-design of services locally 4. Data collection for proof |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Mission statement and Governing board of Trustees policy |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trustee Board Director led sub-committees (report to Board) Project management teams (report to Director/Board) |
| 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 | New trustees are put forward by existing trustee, seconded and then reviewed by whole Board and majority decision selects. |
| Additional information (optional) You may choose to include further statements |
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 | 1. Vision and values policy training 2. Audit and Risk training 3. I&E planning 4. Health and Safety training 5. Structure and project timelines |
| The charity’s organisational structure and any wider network with which the charity works. |
Para 1.51 | Board of Trustees. Any selected supply chain partners meet selection criteria. |
| Relationship with any related parties |
Para 1.51 | Nonspecific other than supply partner criteria. |
| Other | None |
Reference and Administrative details
| Charity name | Passion Project Foundation |
|---|---|
| Other name the charity uses | N/A |
| Registered charitynumber | 1180700 |
| Charity’s principal address | As per registered address. |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Deborah White | Trustee Board | |||
| Lars Davies | As above | |||
| Trevor Easley | As above | |||
| Irina Titova-Kashan | As above | |||
| Heath Grant | As above | |||
– Corporate trustees names of the directors at the date the report was approved
Director name None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None | ||
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| None | ||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
None
Other optional information
None
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 |
D White | L Davies |
|---|---|---|
| Deborah White | Lars Davies | |
Trustee |
Trustee | |
| 30 Oct 2023 | ||
| 30 Oct 2023 |
The Passion Project Fo
Charity No. 11807
| Debtors - Love London Bank Creditors: Loans Just Giving Fee D White Accruals LT creditors - Covid bank loan Net Assets/Liabilities Share capital P&L -bfwd P&L - year Accumulated Loss Bank charges & interest Accountancy Expenses Oasis - Children's Commission Loans to Love London Just Giving Fee Other (Google) Other income (Loans) Donations Other income Loss |
12/31/2021 Cash mvts - 1,105 32 - 14 - 1,750 - 32,500 - - 36 - - 40 - 375 - - - 2,093 - - - 2,093 - 2,093 - - 86 - 375 - - - 192 - - 32,500 - - - 72 - 1,750 - 110 - 2,125 - - 1,512 - - 2,125 |
|---|---|
| undation 00 Covid loan Covid maturity Interest - - - - |
12/31/2022 1,105 18 - - 34,250 - 36 - 40 - 375 - - 33,578 - - 2,093 - 31,485 - 33,578 - 86 - - 193 - 32,500 - - 108 - 110 - 32,997 - 1,512 - - 31,485 |
|---|---|
oundation
700
The Passion Project Fo
Charity No. 11807
| Debtors - Love London Bank Creditors: Loans Just Giving Fee D White Accruals LT creditors - Covid bank loan Net Assets/Liabilities Share capital P&L -bfwd P&L - year Accumulated Loss Bank charges & interest Accountancy Expenses Oasis - Children's Commission Loans to Love London Just Giving Fee Other (Google) Other income (Loans) Donations Other income Loss |
12/31/2021 Cash mvts - 1,105 32 - 14 - 1,750 - 32,500 - - 36 - - 40 - 375 - - - 2,093 - - - 2,093 - 2,093 - - 86 - 375 - - - 192 - - 32,500 - - - 72 - 1,750 - 110 - 2,125 - - 1,512 - - 2,125 |
|---|---|
| undation 00 Covid loan Covid maturity Interest - - - - |
12/31/2022 1,105 18 - - 34,250 - 36 - 40 - 375 - - 33,578 - - 2,093 - 31,485 - 33,578 - 86 - - 193 - 32,500 - - 108 - 110 - 32,997 - 1,512 - - 31,485 |
|---|---|