DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD ## **Trustees' Annual Report for the period** ||Period start date|Period start date|||Period end date|Period end date|| |---|---|---|---|---|---|---|---| ||06|April|2022||05|April|2023| |**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
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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|||| ||Mrs. Folake Omole|||| ||Mrs. Pauline Limen|||| ||Dr. Joshua
Adedokun|||| ||Dr. Omolola Ayoola|||| ||Mrs. Susan
Anthony||06/04/2022 to
22/11/2022|| ||Dr. Olusola
Akinyem|Chairman, Board of
Trustees||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD ## **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: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - 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 **TAR** March **2012** 2 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD 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 1. Widows and Widowers Welfare 2. Student Welfare Programme 3. Children Healthcare Support 4. Family Empowerment 5. 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)** **TAR** March **2012** 3 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **TAR** March **2012** 4 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD Section D Achievements and erformance p The Charity has made mall welfare donations, the majority of funds **Summary of the main** donated are been held and will be used in the future to meet the charities **achievements of the charity** goals and objectives. **during the year** **TAR** March **2012** 5 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD ## **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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - 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 Trustee **etc) Date** 30/1/2024 30/1/2024 **TAR** March **2012** 6 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD **The Liberality Foundation** **1186776** ## **Receipts and payments accounts** ## **CC16a** **For the period** 06/04/2022 05/04/2023 **To from** ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**25,280**
**149**
**-**
**-**
**-**
**-**
**-**
**-**
**25,429**
**-**
**-**
**-**
**25,429**
**400**
**600**
**3,154**
**-**
**-**
**-**
**-**
**-**
**-**
**4,154**
**-**
**-**
**-**
**4,154**
**21,275**
**-**
**79,159**
**100,434**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**25,280**
**149**
**-**
**-**
**-**
**-**
**-**
**-**
**25,429**
**-**
**-**
**-**
**25,429**
**400**
**600**
**3,154**
**-**
**-**
**-**
**-**
**-**
**-**
**4,154**
**-**
**-**
**-**
**4,154**
**21,275**|**Total funds**
**to the nearest £**
**25,280**
**149**
**-**
**-**
**-**
**-**
**-**
**-**
**25,429**
**-**
**-**
**-**
**25,429**
**400**
**600**
**3,154**
**-**
**-**
**-**
**-**
**-**
**-**
**4,154**
**-**
**-**
**-**
**4,154**
**21,275**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| |Donations & Gifts|**25,280**|||||**42,028**| |Bank interest|**149**|||||**3**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**25,429**|||||**42,031**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**42,031**| |||||||| |Welfare Donations|**400**|||||**2,750**| |Marketing|**600**|||||**-**| |Donations|**3,154**|||||**1,197**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**4,154**|||||**3,947**| |||||||| |**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**| |||||||| ||**21,275**|**-**|**-**|**21,275**||**38,084**| ||**-**|**-**|**-**|**-**||**-**| ||**79,159**|**-**|**-**|**79,159**||**41,075**| ||**100,434**|**-**|**-**|**100,434**||**79,159**| CCXX R1 accounts (SS) 27/12/2023 1 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD ## **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
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
**Details**
Current Account
Savings Account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**21,875**
**-**
**78,559**
**-**
**-**
**-**
**100,434**
**-**
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)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||30/1/2024| ||||30/1/2024| ||||| CCXX R2 accounts (SS) 27/12/2023 2 DocuSign Envelope ID: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD ## **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** 05/04/2023 **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 05/04/2023. - **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. **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 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 - 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._ 30/1/2024 **Signed: Date: 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: 2313B17A-8F2E-4AD2-969E-F0D5FB71A9DD **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). **Give here brief details of any items that the examiner wishes to disclose** . **October 2018** 2 **IER**