ACOTh FOUNDATION CHARrrY COMMISSION REGISTERED NO. 1180836 STATEMENT OF ACCOUNTS for the year ended 30 November 2023
ACOTh FOUNDATION Charlty Inforniation Charity number.. 1180836 Trustees Kenneth John Acott Linda Margaret Acott Simon James Russdl Thomas Dawd Acott Chair 8anker8 Metro Bank One Southampton Row London WC18 SHA Independent Examln•r K.J. Maggs B.A, F.CA. Hookmon Way SpaldirwJ Llncs PE113HE R•glstered Offlce Adermary House 10-15 Queen Street London EC4N 1TX
Acorr FOUNDATION Annual Report for the year ended 30 November 2023 The Acott Foundation fomi&J by conststyts dated 23 October 2018 and was registered In ErKJland ar¢d W81es as a Charttable Incg)ryh)rated Organisalion C the 26 November 2018 1th charity reglstered number 1180836. The objects of the charfty shall be such charttablè pu tr Ihe publlc benefit as are exclusively charftsblo according to the laws of EnglaThl and W8les as the Injstees may from time to time d8lermin8. Twstees The trustegs are also the members aThJ serv*J the charity during the perlod are datairgd on Page 1. Now trust 8r8 appjlnted by the Jrrent trustsés from pgoplg over 16 who have shown a keen int¢rgSt In the work of the chakity and havè abilibes required tho goveming tody. The board shall conslsl of at least three trust8 arKI atlgasl one of the trusloes musl be 18 years of age or over. When they are iTrJucted the trustees are presenknj 1th a t)Jrr8nl ¢opy of th8 con81ilulh)n an¢J lalesl annual rgPQrt and financlal statements. Trnstges respon8lbllltl•8 The Trustees are requlred to prepare finandal ststemants for each financial perlod whith givg a true and f8ir vlèw ol the stale of affalrs of the Charity and of rts income and expondiiure for that p8ri0d. In preparfng those financial ststemantg. the Truste8s are requlred lo.. select suitable accounb'ng policies and then appty them consislenuy, m8ke judgements and esb"males that are reasonabl¢ arKI prudent., $ts1g whether applicable accounting standards and st8tem6nts of recommended pr8¢ts"¢e hav8 been followed, sublect to any daparturgs disclosed and explained In the financial slalements., and prepare the finaal stslements on wng concem basls unless rt Is inapprtspri81e to presume that the ¢harty wil conllnue In oporation. The trustees are reswjnsible for keeping accounting rec(Kds whh dlsdose wth reasonable accuracy thg financial position of tha tharity 8Th1 which enable them to ensure that the finanGial statements comply with the char08 Act 2011. Publlc nefit The trustees consider that the otyectlv6s 8Ctth of are In accordance wtth the Charlty Commissions. gener81 guldanc8 on publlc b8nèffit Thè details of pu1¢ benefit are cov&r8d within other areas of this report 85Cialty under the heading ol'Achievements, performare and develcpmenls.. The foundation makes grants to charibes. or other rxganisalions %wJrking to advance charitablg purposes, which give¥ bengfft 10 regard19ss of age, abillty, ueed or ethnic Oflgln. Flnan¢lal rnvl•w The sUlts for the charrty for the financlal Jtar arg dgtailgd on pages 5 10 7. Page 2
ACOTh FOUNDATION Annual Report (contlnued) for the year ended 30 November 2023 Achl•vemgnts. perf0rn7an¢• and dwelopmonts The foundation h85 generated income and award grants under its fom81 Grant making policy as shown within the finanoal statements. Th8 charity has been abl8 to offer support the followiNJ main charili6S. Les Cotils Charltable Company LBG- a charity regtslered in Guemsey %thich ¢¥)8ratss commercially in ord8r lo provide charilable income to the mmUnity of Guemsey. The lifeblood of the organisation, its values and ethos are all based a shared bdief Ihal we are a resource for the mmunity. The charity aepts donations to enable the thaniys ¥upport to be offered. The Plckorlng Cancer Drop In C•ntr•- 15 a seif-funded regkslered chanty lin England Wales number 11126231 that offer help and suppjrt to an)ne going Ihrough the emotional upset of Cancer from dlagnosis and onwards. The cantre vrds establishod by a group of cancar palignls. who recognised tha neod for to go, to rd&x and talk wilh othgrs in a slmilar 8ttuallon. The charlty offers a safe, relaxir¥J. friendty environment where mubjal support and information can be fnd, without the pressure of 8pwntments or time restraints. They also offer a wde raroe of cornplementary therapSes, such as r8fi8xology. rel, heallng aThJ massage" also nutrltional advlce. yoga and counselling. AJI ar8 available fr88 of ch8rge. The Centre is run entlroly by vc4Ltnleers vhKJ give their time as and vthen they can or on a regular basis and r8C9ives no funding from the NHS. A number of indmdual consultants and GPS refer Ihelr pali8n15 to them. The majority of Msllors are can¢er patignts. famity members and c2r8rs, s9eking 3UPPOrt or infom8tion, some of whom have retumad many tlmé. Unlted Natlons Foundatlon - Humjnltsrlan Rosponm In Ukrnln•- 1$ the response by the Unitèd N81ions Foundation lo the crtsis in Ukraine followng th8 Russian invasK)n in February 2022. Tho UN Foundabon 1$ an ind8p8ndenl Charitab organiSatic creoted to work cbsely with thg Unilgd Natl¢Jns lo drlve global progress and tsckle urgent prObm$. Thelr hallmark is to colLqborate for lasllng change and innovate lo address humanitys greal8St challenges. Wrth an insider's knowledge and cldorf$ flexbility. tsy stay aglle to gel Ih'TrJs done. Hum8nitarian ngeds arfr surging as the lS1$ in Ukraing gs¢alates. The Unrted Nations has committgd lo stsy and deliver for the Ukrainian people and 18 rapl(ty scaling up humanitsri8n assistance. Kfjftp rep4Jing lo more abjut the UN'S efforls to ensure life-s8ng aid reaches those in need. The Russian milttary Invasion of Ukraine ha5 set off a masslve humanitsrian emergency- In 8 motter of day3. the Iwes of millS of people Imng in Ukraine were LFpended as wid&spre8d vlolence threatened thair safety arKI securtty. UNHCR. the UN Refugee Agency, estimat8s thal rn8 than fA)O,000 peoplg have so far fled Ukralne for neighboring countries- eountrios that are now urKler tremendous strain as they absorb this sud(Jen influx of r8fuge8s. An additional loo.( peopF8 are thought to have been displaced wrthin the country, though tho real numbern are Ilk higher. Re#èr¥os poll¢lgS The Iruslees, reserves pclicy is to r8tsln adequate resen8 for next 12 months runnlng costs, and that funds In ex(ss of thls 8mourrt fall ¥In the gmng tM)Ilcy. Any funds held by the charrty are retained in bank accounts wrth the providers Shown the charity Infom)ation page. These furmls arg conskdered lo be held in kmf risk accounts. Page 3
Acorr FOUNDATION Annual Report (continued) for the year ended 30 November 2023 Rlsk assessment The truslees have c(x)sidered the major iisk5 to which the charity Is exkY)$ed aThJ consider that those rfsks have currently been negllgible. When the chaiity makes IntMentS then it will need lo re-address those risks and ensu that surtable mixes are used and assets ar8 cover1 by adequate insurance. The trustees do hav8 a grant making pcAlcy whlch incortK)rate8 en8urlng It1 the Instltuuons to whSch grants are made are suitable and charitsble in the own actities. Thè trustees have a policy to avoid direct individual contact th vuln8ratAo persons and any cOntt wrwld be with parents. coaches or teachors presont. Golng con¢om In 18rn15 of 90ing concem then the risk that the c41anty vnild have is that thelr frjnding could be dlmlnished due to the founders tsjslness impacL This has not proven to be an issu6 and funding has conts'nued to be provided. Reserves were hohJ to erTe Ihat chang8$ in cash flow wll not cau$¢ any issues lo the beneficiaries of the charity. For arKI on bahaff of th8 truste88: IU. Acott Dat•. ..121J]fi12Q23........ 2023. Page 4
Independent Examiners Report to the Trusto85 of ACOTh FOUNDATION Charlty number: 1180836 I report to the charity on my examlnatim of tho acc(wnts of th8 tharity for the year end 30 November 2023 whlch a set out on pages 6 to 8. Responslbllltles and basls of report As the Charity trustees you are reskx)nslble for the prepar8tkn of the accthnts in accordance wlth the requlrements of the Chartties A£t 2011 Ilha Acfl. I raport In respect of my ex8mh)ation of the chariV8 acctyjnts canig(l (xrt under Section 145 of th8 Act and In cartyng out my examination I hava fdl¢)wed 811 the apF4iL*ble Direclions i¥vgn by the Charfty Commission under sectlon 145I5)Ib) of the Act. Indep?nd8nt examSnerfs 8tatsm•nt I have completed my examination. I confimi tt1 rn material matters have o)m8 lo my attention In connection witti the examinatton gmng me cause lo believe that In any material respect.. 1. account&ng records were not kept In respect of the charity as required by $gCtion 130 of thg Act.. Of 2. tho accounts do not ac¢orO with Ihose rec(xd8. I have no CCIrnS and hava come 8¢rosB fK) other mattws In connection with th8 eXamIn0Th to which allenlion 8Ithld be drawn In Ihk8 report in cKd8r to enable a proper understsn¢Jing of the accounts lo be reached. IU. Maggs F.CA Chartered A{nIant SpaldirvJ Page S
ACOTh FOUNDATION Statement of Flnancial Activity for the year ended 30 November 2023 2023 2022 Incomlng re8our¢o8 Donations received Gift Aid 101.830 25.000 126.830 Total Incomlng r•sour¢•# 126.830 R•8ourc•# èxp•nd•d Grant• madg Les Cotils Charrtable Company LBG Pkeng Drop In Cèntr6 Uni18d Nations Foundation- Hum8nllarl•n Response in Ukr8lne Bght Beginnings Chlldren's Centre English National Opera Royal Surrey County Hospitsl Charlty Guemsels Rural Occupational Worksh)p Guemsey Welfare SeThic St John Guernsoy Willow Foundatson 20,000 30.000 25.OCrf) 5,000 10.000 5,000 25,000 15,000 20,000 5.000 75,IJXI 85,¢JOO Support Costs Bank Char8 Professional Fees Indgpgndgnl gxamination 50 1,020 810 1.080 1,880 Totsl resources expend•d 77,260 86,880 N•t loutgolng) I Incomlng fvnd$ Cajh funds brought forward {77.2601 158.350 39.950 118.400 Cash funds carrled for4vanl 81,0 158.350 AJI aCtIve8 undertaken relatsd to unrestrthd fund8. The notos on page 8 fom?8 part of Ihese aGcounts Page
Acorr FOUNDATION ststement of Net Assets at 30 November 2023 Not• 2023 2022 Cash deposlts Cash al bank 81,09) 158,350 M¢n•tsry assets 81,0 158,350 Crodltorn Professional fees Independent examinets fee 1.220 700 1,080 Monotsry Il•blllU•¥ 1,920 1,920 Totsl net as¥•ts- Unrostrlcted Funds 79,170 156,430 Th059 aGwunts wore approvgd by thg bowd on ...-.-.....1.?.th.J.une . 2023. K.J. Acott 8.J. Russo11 Thg notes on p8ge 8 fomi a part oflhese accounts
ACOTT FOUNDATION Notes to tho Accounts for the year ended 30 November 2023 1 Accounting pollcl•8 The financial stat8m8nts have been prepared in accordance with the exemptions applicable under the Statement of Recommended Prad'ce on Accounting by Charitl8s and th9 Charities Act 2011. The statomonts of flnancl•l activities has been prepared on a receipts and pay7n8nts basis which Is onsislenl wlth prevlous p8rlcKI8. Th8 slalemenl of Nel Assets shows the assets of the charity and Any amounts due lo or owed by the charlty. The statement wlll not Include any provislons for liabiliti8s and chargès. Thg Iruslees ar8 of the opinlon that should any significant matt8rs occur prior lo the year end, they will b8 disclos8d wilhSn th8 notes of the accounts. 2. TN8t•è# r8munoTatlon. •xpenso8 and Control There have been no remunerallon or oxpenses pald to any of the Iruslges during the current or prior y8ar. The charity declsions are made by the Iruslees as a body and 8re delailed on page 1 of this report. No one Irustse or group of trustees has a dominant control. 3. R•lat•d party transa¢tlon* All incomit)g donations have bean r8ceived from partle8 connact8d lo th8 trustees. The donal¢on made to Le5 Colils Charitable Company LBG wa5 made to support the charltys oblecl$ and ther8 was no b8n8fl1 provlded to any Iru818e or connectsd paty Iherelo. There have been no olhor related paty transactlons during the current or prior year. Page 8