ACOTh FOUNDATION CHARrrY COMMISSION REGISTERED NO. 1180836 STATEMENT OF ACCOUNTS for the year ended 30 November 2023
ACOTh FOUNDATION Charity Informatlon Charfty number: 1180836 Tru8t•e8 Kenneth John A£t)tt Linda Margaret Acott Simon James Russell Thomas David Acott Chair Bankern Metro Bank One Southampton R London WC18 SHA Ind•pondent Ex•mln•r K.J. Maggs 8.A. F.CA Hoékman Way Spalding Lincs PE11 3HE R•gl•t•r•d Offlc• Ajdernary House 115 Queen Street London EC4N 1TX
ACOTh FOUNDATION Annual Report for the year ended 30 November 2023 The Acott Foundation fomied by constitution dated 23 October 2018 and w9$ registered in England and Wales as a Charitable Incorporated Organisation rm the 26 November 2018 with charty registered number 1180836. The oblecls of the charity shall be such charitable purposes for the public benefit as are exclusively charitable according lo the laws of England and Wales as the trustees may from time lo t8 determine. Tru8t8&8 The tru$lees who are also the member8 and served the charity during the riod are dètsiled on Page 1. Now trustees are appointed by the c#Jrrent Injslees frryn Feople over 16 who havo shown a kaen Inte51 In the work of the charty and have ab11rt3 required on the goveming body. The board Shall con8iSt of at18asl Ihrge truslaes and at least one of the tru8188s must bo 18 years of age or over. When they are inducted thè Irustoes 8re prgsenled wilh a current copy of the constitution and latsst annual report and finCId $tstement8. TN•t•e• rMpon•lblllti The Trustees are required to pr6par& fmancK41 statements for each finandal peTh)d whith give a true and fair view of the stale of affairs ol the Charty arKI of its income and expendllure for that period. In preparing those financial statements, the Tru8tee8 are required to.. • 8ela¢t suitable occounling polici88 and then appty them consffjtendy., • make judgements and e8twnats6 that are reawiable and wudant sl8t& whether applble gct))unting 8tandaTds and statements of recommgndod practice havè l)een folbwed, su'ecl lo any departures d18Ct08ed and explained in the financial 8tal8ments," and prepare the financid statements on the goirvJ con¢6m bas[8 unle88 rt o inappropriate to pro8um& that the charity will continue In ¢¥erath'on. The Iruslggs are r¥sponsle for keeping counb'ng record$ Wh di8dose with reasonablé xcuracy the financiol p08ibon of the charity whith enable them to engure that the financ1 8tstemts compty with the Charrties Act 2011. Publle n•fft The twslees nSIder that the obJectNe8 and actiwlies of the ehaTity are in accordance with the Charty Commissions, general guthnce on wblic benefft. The details of PL¢blic benefit aro covefed within other areas crf this report gspecidty under the hooding of.hvements. perfomionce and developments,. The foundation makes grants to charilw, or other organi88tion$ working lo advance charitablg purposos, whh gives benefit to every8 regardle of age. ability. creed or ethnic origin. Flnanclal rfrvl•w Tho results for the chanty for thè financ¢al yèar are detailgd on pw 5 to 7.
ACOTT FOUNDATION Annual Report (contlnued) for the year 8nded 30 November 2023 Achlev•mont8, pgrforniance ond d•v•k•pMts Thg foundats.on has generatsd income and awarded grants under its fomial Grant making policy as 3h¢)wn wrthin the financial ststements. The chanty has been able to offer SLSPPOrt the following main charities. Les Cotil8 Charitable Company LBG- Is a chanty registered in Guemsey which operates commgrciolly in order to PiOVKle chantabbe income to the communty of Guemsey. The lifeblood of the organisab"on. its fdlues 8nd ethos are all bas&J on a shargd bel that we are a resource lof the community. The chanty accepts donakn"on8 to enabte the tharws support to be offered. The charitys invofvement in the community covèrs a number of different projects, including.. Partnerships Les Nicollgs. Amherst Schcol and the probation 68rvice, The Pal Merriman Peace Garden. Fooj for Families prqect and Work wrth the Chrtstian communty. Chabad Lubavltch is dedicated to séMcirKJ Jewsh C¢)mmunrt*s by strengthening Jewish lrfe 8nd its wonderfLs18xpèri8nces wodthn'de. Today any ace thal the Jew$h People can travel to, they will find a Chabad Off and a famity of Shluchwn (emissaries of Chabadl waiting to greet thom and offer thom their warn smih and hospilalty. Ch8bad Lubwtth g charrty registered in England and Wal8s. registered number 1123001 operating in North Ea81 London and Es8ox whh is the home to 8cffne astimat8d numbers of 10,000 Jewish resents. R•8•rrf•• pollclo8 The Irusteg$' reserves polw 18 to retain ad•quat& resems for next 12 months runnlng costs, and that fund8 in excess of this amount fall thIn the giving poly when grants are Conser8d, perbodlcalty. Any lund¥ héld by the chanty aro retained in bank accnts with the providers shown on the chadty informatlon page. Thw8e fund¥ are con¥id8red lo be held in low rwk aco)unts. Rlsk a•••Mm•nt Thè trustees have considered the major ri8k8 to which the charity is oxposed and consider that those risks have CUTrenlly been neglvJibl6. When the chority Mak invesbnents then il will need to r&addres8 those risks and ensure th8t suitsble mixes ar& used and assets are cover8d by adequate Insurance. The trustees do have a grant making policy which incorporates enguring that the institutions to which grants org made are Suitable and Charitab in their own ath"vil. The trustees hav8 a policy lo avoid direct indivKaual contact with Vulnerab persons and any contacl would bg wth parents, eA)aches or t8aGher¥ present. Golng concom In lems of going concom then thè rtsk that the charity would have is that their funding could be diminished due to the founders business impacL This has not proven to be an issue and funding ha8 continued lo be prov¢ded. Reservos were hekl to ensure that changes in cash flow will not cause any issues to the benefickgries of the thanty. For and on behalF of the trustees.. KJ. Acott 1110912024 Page 3
Independent Examinerfs Report to the Trustees of ACOTT FOUNDATION Charlty number: 1180836 I report lo the charity on my examinakn of the a¢Unts of the Charity lor the year ended 30 November 2023 whh are 8et out on pages 5 to 7. RMpon$lblllt(08 and bas18 of report As the charity trustees you are responb for the preparation of the acojunts in accordance with the reqLtirements of the Charilies Ad 2011 I'the I report in reSet of my examinats'on of the chaTity$ xcounts earned out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commiss under $8clion 14515)Ibl of the ACL Ind•p•ndent •M¥nOl •tat•ment I have completed my examlnation. I confirm that no materiol matters havo ccrfne to my attentv)n in connecti¢)n with the exarninab'on giving me cause to believe that In any material regpo¢t.' l. accounting rerdS were not kept in respecl of the chanty a$ WUiTed by Section 130 of the ACL or 2. tho accounts do not accord wrth those records. I have no concems and have cc¥me across no other matters in conn6¢tion wth the examinatson lo which attention should be drawn in Ihi8 rep)rt In order to enable a proper und8rstsni*ng of the accounts to be re8ch¢d. J.Ma Chartered Acc Spakling nl Page 4
ACOTh FOUNDATION ststement of Flnanclal Activity for the year ended 30 November 2023 2023 2022 Incornlng resour¢o8 Donatsons e1Ved Gfft Aid Total In¢ornlng rB8ourc•8 RMourco• •xp•nd•d Grants mad• Les Colils CharitaNe Ccffipany LBG Pkering Drop In Centre United Nations F0undatv- Humanitarian Response in Ukr8ine Chabad Lubavitch Centres 20,000 20,000 30.000 2S.000 2.500 22.S¢XI 75,000 Support Colts B8nk Charges Professional Fees Independent examin8bon 340 1,080 1.345 695 2,400 2,260 Total ro•ource8 •xp•nd•d 24.900 77.260 N•t outgolng fund• C••h fund• brought forYArd C•#h fund• c•rrl•d forward {24.900) 177,2601 81,090 158,350 56,190 81,090 All activrties undertaken r•lal•d lo unrestricted funds. The notes on page 7 fomi a p8rt crffhese accounts Page 5
ACOTT FOUNDATION Statement of Net Assèts at 30 November 2023 Nots 2023 2022 Ca8h dop08its Cash al bank 56.190 81,090 Monetary 56,190 81,090 Crodltor• Profes'onal fees 1Trdndent examine¢s fe8 Monotary Ilabllltl 1.403 715 1,340 700 2,118 2,040 Total not a••ts- Unrg8trlct•d Fund• 54.072 79,050 These ac¢ount8 were approved by the board on l.Iw..Svth.. . £w.AJ24• K.J. A¢ott SJ. RuM•ll 7he noles on page 7 fomi 8 part of these 8¢ccwnts Page 6
Acorr FOUNDATION Notes to the Accounts for the year ended 30 November 2023 1 Ac¢ountlng pollci08 The financial statements have been prepared in accordance with the exemptions applicable under the Statement of Re¢ommended Practice on AOUnftg by Charibes and the chareS Act 2011. The stst8ments of financial aeliVe$ has been prepared on 8 recepts and payments basis whith 18 consislenl with prevSouts p8riod8. The 5tstement of Nel Assets shows the assets cl the charty and any amounts due lo or owed by the charity. The statement will not include any provi%ons for 111$ and charges. Tho trustees are of the opinion that should any signfficant matters sxcur prior to the year end. they will b8 disclosed wrthin the notes of the a¢eount8. 2. TfU•tg08 r•munerntlon, •xp•n$•s •nd control There have been no remuneratw or expenw pa to any of the tru8t888 during the curront or prlor year. Thè charity decisions arg made by t tn55tee8 as a bojy and are detailed on page 1 of thi8 report. No one tru8lee or group of tru8teo8 has a dominant control. 3. R•lat•d party tr•n••ctk>n• l inccvning donatson8 have been rld from parties connected to the tru$tèe$. Tha donation made lo Les Cotil8 ChariLible Company LBG was made to support Ihe chadty8 obi6cl8 and ther6 was no benefrt provKled to any truylee or COnnled party thereto. There hav8 been no othw r•lated party tranwb"orb$ during the* current or prior year. Page 7