2020-12-31-accounts - The Lovett Foundation

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Trustees’ Annual Report for the period

From 1[st] January 2020 To 31[st] December 2020

Charity name: The Lovett Foundation

Charity registration number: 1182450

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To relieve the needs of young people entering, or who are in, the care system, and/or who are being cared for by Children’s Hospice South West in particular, but not exclusively by; a) Providing support and activities that the care allowance in unable to cover including, but not limited to, activity days and the provision of personal items. b) Delivery of programmes to develop the skills, capacities and capabilities of young people to enable them to participate in society as mature and responsible individuals, which may include activities to assist them to gain employment. c) Supporting children receiving palliative care and their families including, but not limited to, providing assistance with transport provision and contributing to items calculated to alleviate their needs.
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	Our aim of this year was to continue to build on our relationships with the local care teams in order to create ongoing support for the children in care, and those young adults leaving the care system. Which this year (amongst other things) included providing gift vouchers for the Swindon CiC Awards Night, hosting a team building day for the Swindon CiC Council at one of our centres, and providing food parcels for Cirencester Food Bank, Cardiff Care Leavers and Swindon Care Leavers throughout the pandemic. Unfortunately, a number of our plans for the year were unable to go ahead due to Covid restrictions.
Statement confirming whether the trustees have	Para 1.18	All trustees have read and understood the guidance issued by the Charity

had regard to the guidance issued by the Charity Commission on public benefit

Commission on public benefit, and during our planning sessions we keep this guidance in mind.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	We are very grateful for the time and effort of our volunteers to keep The Lovett Foundation running this year throughout the pandemic. Without this valuable contribution of time, energy and expertise, we would not have been able to achieve so much.
Other

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	During this very difficult year we believe that we have done as much as we can to continue supporting children in care in our communities. Before the Covid restrictions were in place we were able to provide gift vouchers for the award winners at the Swindon CiC Awards Dinner, which has given those children a huge sense of achievement. By organising a team building/mentoring day at one of our centres, the group of young people that attended were given the opportunity to be inspired by the man who runs all of the BMW Senior Management Training programmes. We hope that they left feeling driven to achieve whatever they put their minds to. Throughout the Covid restrictions we were able to deliver food parcels to Cirencester Food Bank, Swindon Care Leavers and Cardiff Care Leavers, in order to make sure that individuals who were affected financially by the pandemic were still able

to have access to food, cleaning products and toiletries. We also supported The Swindon Food Collective, Bristol Food Bank, Tewkesbury Food Bank, Hungerford Food Bank, Cardiff Food Bank, Bath Food Bank and Melksham Food Bank with a pre-Christmas food delivery in order to support those who are suffering with food poverty in our local communities this Christmas.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Bank Account = £63,286.36
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Lovett Foundation does not look to maintain a significant reserve, unless a decision has been made to support a particularly large project.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

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	This year our main source of funds was a company donation, as well as customer and staff donations. We were unable to hold any fundraising events due to the pandemic.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
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	Trustees are appointed, or reappointed, every 2 years at the start of the financial period.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	The Lovett Foundation
Other name the charity uses
Registered charity number	1182450
Charity’s principal address	The Depot Gate 1, Frankland Road Swindon SN5 8YW

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)
	Rebecca Maloney	Chair
	Julian Winterburn
	Justin Jones
	Andrew Williams	Treasurer
	Matthew Parham
	Mike Kenefick
	Matthew Hutchinson
	Paul Blewett
	Jack Taylor

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations The trustees declare that they have approved the trustees, report al)ove. Signed on behalf of the charlty's trustees Signaturels) Full narnelsl Position leg Secretary. Chair. etcl Date

Charity Name The Lovett Foundation

Charity No. 1182450

Receipts and payments accounts

CC16a

For the period Period start date To Period end date from 01/01/2020 31/12/2020

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donations	51,600	-	-	51,600	11,683
Staff Salary Sacrifice	1,694	-	-	1,694	-
Fund Raising	842	-	-	842	958
Just Giving	418	-	-	418	116
Bank Interest	14	-	-	14	10
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	54,568	-	-	54,568	12,768

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					12,768

General Expenses	186	-	-	186	250
Event Expenses	-	-	-	-	106
Swindon Council Donations	965	-	-	965	165
Cardiff Council Donations	238	-	-	238	-
Cirencester Foodbank Donations	769	-	-	769	-
Liberty Pay Charges	870	-	-	870	-
Just Giving Charges	216	-	-	216	36
Bank Charges	11	-	-	11	8
	-	-	-	-	-
*Sub total*	3,255	-	-	3,255	565

A4 Asset and investment purchases, (see table)
	-
	-
*Sub total*	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					565

	51,313				12,203
	-				-
	12,203				-
	63,516				12,203

Section B Statement of assets and liabilities at the end of the period

Unrestricted funds to nearest £ 63,286 230 - 63,516 OK Unrestricted funds to nearest £ -	Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ -	Endowment funds to nearest £
		-
		-
		-
		-
		OK
		Endowment funds to nearest £
-	-	-

		-	-	-
		-	-	-
		-	-	-
		-	-	-
		-	-	-
	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
B3 Investment assets			-	-
			-	-
			-	-
			-	-
			-	-
	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
B4 Assets retained for the			-	-
charity’s own use			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
		Fund to which	Amount due	When due
	Details	liability relates	(optional)	(optional)
B5 Liabilities			-
			-
			-
			-
			-

Inde ndent Examinerfs Re rt to The Chari Name: The Lovett Foundation Trustees Chari 'Yhe Chari Chari istration Number: 1182450 Inde endent Examiner: Rithard Jerem Ward ACMA Having conducted my review of The Charity's accounting records and account5 for year ended 31 December 2020. discussing any matters arising with the relevant Trustee. I can confirm that: The accounting records to be full and complete The accounts reflect the supporting records. and The format of the accounts complies with the necessèry regulations for such è charity There are no matters outstsnding or left to be explained so I conclude that the accounts are a true and fair representation of The Charivs activity during the reporting year. Richard Jeremy Ward Dated= 12 October 2021