Acorr FOUNDATION CHARrrY COMMISSION REGISTERED NO. 1180836 STATEMENT OF ACCOUNTS for the y•ar ended 30 Nov•mbor 2024
ACOTh FOUNDATION Charity Inforniation Charlty number.. 1180836 Tru•te Kenneth John Acott Linda Margaret Acott Simon James Russell Thomas David Acott Chair Bankorn Metro Bank One Southampton R(r London WC1B SHA IndopeThd•nt Examlnor K.J. Magg$ B.A, F.CA. Hoekman Way Spalding Lincs PE11 3HE R•ght•r•d Olft¢• Ajdermary Hou80 10-15 Queen Street London EC4N 1TX Page 1
Acorr FOUNDATION Annual Report for the year ended 30 November 2024 The Acott Foundation fomed by conslitubon dated 23 October 2018 and was registered in England and Wales as a CharitabFe Incorrorated Organisabon on the 26 November 2018 with charity regi$lered number 1180836. The objects of the charity sham b8 8uch ¢haritable purposes for Ihe publt bafft as are exdusively charitable &rdIng to tho laws of EngfaThl Wal8s as the trugtees may from time to ts'me determlne. Tru¥t• The tnte0S who are the membors aThJ serbyj th& charrty during the riod are detslled on Pap 1. New trustees are appoinled by the rrent trustees from p80ple over 16 who have 8hovffl a keen interest in th& work ofthe charity have abllrties required on the goveming body. The board shall consist of at least three trustees and at least one of thè trustees must ba 18 year8 of age or over. When they are inducted the trustees are pre8ented wllh a current copy of the consttiution and latest annuai r8POrt and financial ststements. Tru•t•O8 rnspon•lbllltloB Thè Trustees are required to prepare financial 8talements for each finandal pernd lch give a true and fair view of th6 Stal8 of affairs of the Charity and of ts income and expendire for that perkyl. In preparing th08e flnancial slat&ments, the Trustees are required to: select suitabl8 accounting PICIo$ 8ThJ then appty them c¥x)sthnty, make Judgements arHI estimates thal are rea80nablo and prudent State whether applicable &counting standards and ststements of r8commended pract1&8 have en followed, subject to any departures disdosed and explained in the financial statements.. and prepare th• financial ststements on the going concem basi8 unlo88 it rd Inappropriate to presumè that the Charity will contr'nue in 0ra1km). The Iruslees are responsie for keeping accountlng records whth di8c408e with reasonabl8 accuracy the financial position of the ¢harity and vh)th enabfe to en8ure that finarkcial $iatements comply with the Chariks Act 2011. Publlc ben•fft The tru¥tee¥ constder that the obieGtives and acttse$ of the charity are in accordance with the Charity Commissions. general guidance on put4ic benefiL The detailg of public benefft are ¢overod wlthin other areas of this roport especkqlty under the IlIng of'Achievements. perfonnance and developmonts,. The foundation makes grants to chartties, or other Organisatior wthing to advance tharrtab purp0$8s, wht¢h gNe8 benefrt lo everyone wardless of age. ats'lty, creed or ethn origin. Flnanclal revlew The results for the charity for the fmancial year *e detaled on pages 5 to 7.
ACOTh FOUNDATION Annual Report Icontlnued) for the year ended 30 November 2024 Achlwemonts, perf0mnC• and dev0l0pnnts The foundation has generated inu)me and awarded grants under its fomwl Grant making policy as shown wthin the financial statements. The charity hag been abk to offer SLFPPOrt the follw'ng main charities. Les Collls Charftablo Company LBG- is a charty registered in Guerrw operates coMmerclIY in order to provtrje charitable income to the mMun of Guernsey. Th8 lifeblood of the organisation, rts values and ethos are all based on a shared bel1 that we are a resource for the community. The charty accepts donatTh)s to enabb8 the chantys support to be offered. The chanvs involvement in the communty covers a number of different prole¢ts. Including.. Partnerships wth Les Nicolle$, Amherst School and the proba"on service. The Pat Methman P8a¢e Garden. Food for Famlli8s project and Work the Christon community. Re8•rvM pollcl The trustees, roseNe8 pc4icy is to retaln adequats reserves for next 12 mcrfths running cost8, and that funds in excess of this amount fall within the gr4ing when grants are considered, pefiodically. Any funds held by the chanty are retsined in bank accounts with the provhlers shown ¢)n the ¢harity Informatson p89e. These funds are o)nshJ8red to be held in It7w nsk accounts. Rl•k •Me•3m•nt The trustees have considered the major ri8ks to thich th& chanty is exp)sed and consider that those risks have CUrrenY been negligible. Vlhen the chanty mak8s investrnents then it wlll need lo rldre85 those risks and ansure that surtable mixes are used and assets are coverèd by adequat? insurance. The trustees do have a grant making policy whth InCoryrat88 onsur1 that the In8titutlons to which grants are made are suitable and charitable in thelr activilies. The trustees have a policy to avoid dire¢t Individual contact wlth vulnera0 P8rsons any conta¢1 would be with parnnts. coaches or tsachers present Golng con¢•rn In temis of going con¢em then the risk that the charity would have is that treir fundlng could be diminishod due to Ihe founders business impxt This has not proven to be an issue and funding has continued to be prowded. Reserves were held to ensure that chang8s in cash fl(yw will not causè any Issues to the beneficiaries of tho charity. For and on behalf of ts trustees: KJ. Acott 0910812025 Page 3
Independent Examinerfs Report to the Trustees of Ac0 FOUNDATION Charity number: 1180836 I reFQrt to the chanty on my examinath)n of the of the charrty for the year ended 30 November 2024 which are set out on pages 5 to 7. Responslbllltles and bas18 of r•port As the charty trustees you are reswn$itk for the prwrathx of the aLwunts In accordance wth the requirements of the Charities Act 2011 Ilhe Arfl. I report in respect of my examinats.on ol th8 chantys Kcounts carried out under 8e¢tion 145 of the Act and in carrying ot my examination I have followed all the aPplble Direclions gN8n by Charity Commission under secthon 145{5llbl of the Act Indondent •x•mlnefs •tatomo I have completed my examination. I confimi Ihat no matenal matters have come to my attentk)n In connects'on with the examInatn gNing me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the charity as requirod by section 130 of the . or 2. the accounts do nol accord with rerds. I have no concem$ and have rne acn)ss no other matter8 In connection vAlh the examination to whi¢h 8tt8ntron $houkl be drawn in thrs reFrfXt in order to enab a proper understandin9 of the accounts to b6 rea¢hed. KJ. Magg8 B .CA Chartered Accountant Spalding Dale.. A! Page 4
ACOTh FOUNDATION Statement of Financial Athlty for the year ended 30 November 2024 2024 2023 In¢omlng re8OUV Donations received Grfi Aid Total In¢omlng r•8our¢e• R88ourco1 •xpend•d Gr•nts made Les Cotiis Charllabie Company LBG Chabad Lubw'tch Centr88 20.000 20,000 2.500 20,000 22,500 Support Co•ts Bank Charges Prof8ssional Fees Independent examinatlon 360 1.345 695 1.385 715 2,480 2,400 Total rn80u•• •xp•nd•d 22.460 24.900 Net out9olng fund• Ca•h lund• bvought forwa Cuh lund• urrf•d forward (22.480> 56,190 {24.900} 81,090 33,730 56.190 All activit9 undertaken related to unre8tr1cted furKI$. Page 5
Acorr FOUNDATION Stat•ment of Not Assets at 30 November 2024 Cash dePlts Cash al bank Monetary au•ts 2023 33,730 56,190 33,730 56,190 Crodttorn Professional fees Independent examlneffs fee Monotary Ilabllhl 1,425 735 1,403 715 2.118 2,118 Total not au•ts . Unrg•trkt•d Fund8 31,612 54,072 These accounts were approved ty the board on .A-*&_... Ka. Acott S.J. RuM•ll The notes on page 7 fomi a part acrounts Page 6
ACOTh FOUNDATION Notss to the Accounts for the year ended 30 November 2024 l Accountlng polkl•s The financial ststements have teen prepad in Jardance with the exempthS aP1¢bIe under the stst8ment of Recommended practi1 on NoUntsng by Chariti8s and the charrt Act 2011. The Statements of financial activities has prepared cffi a recwts and paymerts basis whith 1$ consistent ¥th previous penods. The ststement of Net Assets 6hThvs the assets of the charity al any amounts due to or (ywed by the Charity. The ststement wil not include any provk8ions for liabilities and charges. The trugte8s ar8 of the opinion that shoukl ary slgntficant matters prior to the year end, they will bo disclosed within the notes of thé xcounts. 2. Trust••• r•munoratlon, •xp•Mo• and control There have boen no remuneratKm or exFenses p3vJ to any of the trustees during the current or prior year. The Chanty decisions are made by the trustees as a and are detsibj on page 1 of this report. No one trustee or group of Irustses has a dominant control. 3. R•l•t•d party tran•xtlon• All Incomlng donatlon8 have t*n received from perties nnected to the trustees. The donation made to Les Cotbls Chafitsb18 Company LBG wag made to supp)rt the ch8rfty8 obi8cts and there was no benefrt prOVed io any truste8 or c>)nnected party ther8to. Thére have tsen no other related paty transactions during the current or prior year. Page 7