DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
Trustees' Annual Report for the period
| Period start date | Period start date | Period end date | Period end date | ||||
|---|---|---|---|---|---|---|---|
| 06 | April | 2021 | 05 | April | 2022 | ||
| From | To |
Section A Reference and administration details
Charity name The Liberality Foundation Other names charity is known by The Olusola and Folake Omole Foundation Registered charity number (if any) 1186776 Charity's principal address Carisbrook Day Nursery Carisbrook Street Harpurhey, Manchester Postcode M9 5UX
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 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mr. Olusola Omole | Chairman, Board of Trustees |
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| Mrs. Folake Omole | ||||
| Mrs. Pauline Limen | ||||
| Dr. Joshua Adedokun |
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| Dr. Omolola Ayoola | ||||
| Mrs. Susan Anthony |
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| Dr. Olusola Akinyem |
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
TAR
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
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) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Trust Deed Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted
- (eg. trust, association, company)
Appointed by trustees Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
The objects of the charity (the Objects) are: -
Summary of the objects of the charity set out in its governing document
To relieve financial hardship amongst widows and widowers who are in need by the provision of grants to relieve the needs of such persons
To relieve the poverty of national and international students by the provision of grants to enable them to continue in education that they could not otherwise afford
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
To advance in life and relieve the needs of young people by developing their skills, improving their healthcare and providing them with support
The prevention or relief of poverty by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty
To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time
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Widows and Widowers Welfare
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Student Welfare Programme
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Children Healthcare Support
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Family Empowerment
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Young People Empowerment
The following groups werebe prioritised
• Widows/widowers • Summary of the main Students aged 16-25 (Full time undergraduates and Masters activities undertaken for the Students only) • public benefit in relation to Orphans these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
Section D Achievements and erformance p Due to the circumstances during the trading period with Covid the Charity Summary of the main has made a few small welfare donations, the majority of funds donated achievements of the charity are been held and will be used in the future to meet the charities goals during the year and objectives.
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
Section E Financial review
Reserves are held in cash to be used by the charity to further its goals Brief statement of the and objectives. charity’s policy on reserves
Details of any funds materially None in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Mrs. Folake Omole Full name(s) Mr. Olusola Omole Position (eg Secretary, Chair, Chair Trusstee etc) Date 1/2/2023 1/2/2023
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DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
| The Liberality Foundation | The Liberality Foundation | 1186776 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
06/04/2020 | To | 05/04/2021 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 42,028 3 - - - - - - 42,031 - - - 42,031 2,750 - 1,197 - - - - - - 3,947 - - - 3,947 38,084 - 41,075 79,159 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 42,028 3 - - - - - - 42,031 - - - 42,031 2,750 - 1,197 - - - - - - 3,947 - - - 3,947 38,084 |
Total funds to the nearest £ 42,028 3 - - - - - - 42,031 - - - 42,031 2,750 - 1,197 - - - - - - 3,947 - - - 3,947 38,084 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations & Gifts | 42,028 | - - - - - - - - - |
42,028 | 18,019 | ||
| Bank interest | 3 | 3 | 3 | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
42,031 | 42,031 | 18,022 | |||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- | ||||
| - | - | - | ||||
| Sub total | - | - | - | |||
| Total receipts A3 Payments |
||||||
| - | 42,031 | 18,022 | ||||
| Welfare Donations | 2,750 | - - - - - - - - - - |
2,750 | 850 | ||
| Website | - | - | 100 | |||
| Donations | 1,197 | 1,197 | - | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| **Sub total ** | 3,947 | 3,947 | 950 | |||
| 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 |
||||||
| - | 3,947 | 950 | ||||
| 38,084 | - | - | 38,084 |
17,072 | ||
| - | - | - - |
- | - | ||
| 41,075 | - | 41,075 | 24,003 | |||
| 79,159 | - | - | 79,159 | 41,075 |
CCXX R1 accounts (SS)
23/01/2023
1
DocuSign Envelope ID: 2CCBD3D3-5C82-4CE8-A2BD-E39832D54002
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Current Account Savings Account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 1,149 - 78,010 - - - 79,159 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Olusola Omole Folake Omole |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| 1/2/2023 | |||
| 1/2/2023 | |||
CCXX R2 accounts (SS)
23/01/2023
2
DocuSign Envelope ID: 28543C93-C79E-4643-9A2F-4496070216D1
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The Liberality Foundation On accounts for the year 05/04/2022 Charity no 1186776 ended (if any) Set out on pages
1 and 2 of the accounts
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2022.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below ) in connection with
In Process* the examination which gives me cause to believe that in, any material respect: -
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 21/1/2023 Name: Tim Greenwood Relevant professional ICEAW qualification(s) or body (if any): Address: 22 Ullswater Road, Handforth, Wilmlsow, SK9 3NQ
October 2018
1
IER
DocuSign Envelope ID: 28543C93-C79E-4643-9A2F-4496070216D1
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
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In Process
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Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER