2024-06-30-accounts

– Annual Report y/e June 2024

Forbes Foundation

Charity Ref: 1181535

Name

The name of the Charitable Incorporated Organisation is Forbes Foundation ( “the CIO” ).

National Location of Principal Office

The principal office of the CIO is in England.

Address

Ground Floor, Gordon House, Sceptre Way, Lancashire, PR5 6AW

Objects

To provide financial support to children, and their families, who are in need, by reason of ill health, disability, and/or financial hardship within England and Wales but predominantly the North of England, by providing facilities, equipment and monetary grants;

Trustees

• Pauline Rigby

• Kella Bowers

• Christopher Booth

• Gill Carr

• Jennifer Smith

Secretary

• Rebecca McCann

Appointment of Charity Trustees

• Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

• In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

• No person other than a Trustee retiring by rotation under clause 12 below may be appointed a Trustee at any general meeting unless:

• he or she is recommended for re-election by the Trustees; or

• not less than fourteen nor more than thirty-five clear days before the date of the general meeting, the CIO is given a notice that:

  • is signed by a member entitled to vote at the meeting;

  • states the member's intention to propose the appointment of a person as a Director

• contains the details that, if the person were to be appointed, the Charity would have to file at Companies House; and

• is signed by the person who is to be proposed to show his or her willingness to be appointed.

• All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight clear days' notice of any resolution to be put to the meeting to appoint a Trustee other than a Trustee who is to retire by rotation.

• A Trustee appointed by a resolution of the other Trustees must retire at the next annual general meeting of the members ( “AGM” ) and must not be taken into account in determining the Trustees who are to retire by rotation.

Overview

The Foundation launched in January 2019.

During its 5[th] period, year ending June 2024, the Foundation had raised £10,963.61. This was amount was achieved primarily by:

• A fundraiser with a goal of £10,000, organised in conjunction with Deep Beauty Salon (Whalley), to support a child suffering with a rare cancer who exhausted treatment on the NHS, which involved a challenge of walking 10,000 feet by completing, Pendle Hill, Darwen Tower and the Yorkshire 3 Peaks.

• A sponsored badminton and rounders competition;

• Various bake sales and sweepstakes;

• A sponsored fast for Ramadan;

• A charity ladies night hosted by Forbes Solicitors;

• General donations

The Charity also organised a foodbank donation over Christmas, where donations were made to local foodbanks and refuge centres.

During the financial year, the Foundation did not make any payments out. However, funds of £8,185 were ring-fenced for the specific fundraising for the child suffering with a rare cancer who did not require treatment at the end of the financial year. It has been agreed with the parents and with the Trustees that the funds will remain ring fenced until April 2026 when, we are advised, the risk of relapse reduces dramatically. At that point, assuming no treatment is required, the Trustees with liaise with the parents to identify a recipient for those funds with similar needs and associations with the original fundraising effort. The Charity will continue to go from strength to strength and provide support in line with its Objects. We are committed to improving the lives of as many people as we can.

Christopher Booth

Chair

CHARITY COMMISSION FOR ENGLAND AND WALES harity Name Forbes Foundatlo No Ilf any) 1181535 Receipts and payments accounts CC16a For the period from Period start dale To Period end date 3010612024 0110712023 Section A Receipts and payments Unrestricted funds to the nearest Restricted funds Endowment funds Total funds Last year to the neofe8t £ to the nèare¥¢ £ to thg nearost £ to th* nealest £ A1 Receipts Donations in+A24 2,779 8.185 10.964 Sub total{Gross income for AR) 1779 8,185 10.964 A2 Asset and investment sales. (see tablèl. Sub total Total receipts 2,779 8.185 10.964 A3 Payments DOna￿on$ out A45 Sub total A4 As$et and investment purchases, Isee tablèl Sub total Total payments Net of recgipts/(paymentsJ A5 Transfers bètween funds A6 Cash funds last year end Cash funds this year end 2.779 8,185 10,964 4,828 7,606 4,828 15,791 8,185 Section B Statement of assets and liabilities at the end of the period Unrestri¢ted fund5 to t)earest£ Restricted funds to rt•arost£ Endowment funds to nearest £ Catagories D&tsils B1 Cash funds Cash ai bank 7.606 8,185 CCXX R1 acLounls ISSI 1610412025

Total cash funds 7,606 8,185 {agreÈ with recthpts payments acc41unll¥ll OK Unrestrlcted funds to nearost £ OK Restricted funds to nearost £ OK Endowment funds to nearest £ Detsils Details Fund to whlch a55et bèlon Currènt value Cost lopuonall D8tails Fund to whlch asset belon Current value B4 Assets retained for the charity's own use C05t loptionall Detsils Fund to whlch rglat88 Amount dué tlonal INhen duo 85 Liabilities Signed by one or two trusteas on behalf of all the trustees Signature Print Name Date of approval CCXX R2 account8 ISSI 1610412025