Trustees’ Annual Report for the period
From October 2020 to October 2021
Charity name: The Hercules Foundation
Charity registration number: CE020205
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in particular by providing grants to benefit the public in general, anywhere in the world.Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act(Northern Ireland)2008 |
| 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 |
Grants given to 7 young women from the Jacaranda School in Malawi to be sponsored for education and accommodation at their chosen university or collage. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees have read through the constitution written in accordance with Charity Commission guidelines and have access to guidance issued by Charity Commission. |
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 | Grants given to 7 young women from the Jacaranda School in Malawi to be sponsored for education and accommodation at their chosen university or collage. Grants offered but currently not transferred to 7 young men from the Jacaranda School in Malawi to be sponsored for education and accommodation at their chosen university or collage. Currently awaiting instruction from Jacaranda Foundation which acts as a contact on the ground. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | THE HERCULES FOUNDATION Charity number: 1187223 Statement of Financial Activities for the period 06/01/2020 to 01/04/2021 Income £70,406.50 Expenditure £ 2,016.73 Net Surplus (Deficit)£68,389.77 Total Funds Carried forward £68,389.77 THE HERCULES FOUNDATION Charity number: 1187223 Balance Sheet as at 01/04/2021 Total Unrestricted funds £68,389.77 Total Funds £68,389.77 |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Have committed to multi year funding and therefore need to keep reserves to meet those commitments or any other which may arise. |
| Amount of reservesheld | Para 1.22 | £68,389.77 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
One Community account with Barclays Bank |
|
|---|---|---|
| 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 | Apart from the first charity trustees, every trustee must be appointed for a term of five 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. |
Reference and Administrative details
| Charity name | The Hercules Foundation |
|---|---|
| Other name the charity uses |
N/A |
| Registered charity number | 1187223 |
| Charity’s principal address | 39 Westmoreland Terrace, Pimlico, London, SW1V4AQ |
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year Nam e of pers on (or bod y) entit led to app oint trust ee (if any) |
|---|---|---|---|
| Eleanor Canham | So phi e Ca nha m, He ctor Ca nha m, Mar y Ca nha m |
||
| Sophie Canham | He ctor Ca nha m, Mar y Ca nha m, Ele ano r Ca nha m |
||
| Mary Canham | So phi e Ca nha m, He |
| 4 | ctor Ca nha m, Ele ano r Ca nha m |
||
|---|---|---|---|
| Hector Canham | So phi e Ca nha m, Mar y Ca nha m, Ele ano r Ca nha m |
Corporate trustees – names of the directors at the date the report was approved - No Corporate trustees
Director name – N/A
Name of trustees holding title to property belonging to the charity - No properties belong 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 |
None. |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
None. |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
None. |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
THE HERCULES FOUNDATION Charity number: 1187223
Statement of Financial Activities for the period 06/01/2020 to 01/04/2021
| Income Expenditure Net Surplus (Deficit) Total Funds Brought Forward Total Funds Carried forward |
70,406.50 £ 2,016.73 £ |
|---|---|
| 68,389.77 £ |
|
| - £ 68,389.77 £ |
THE HERCULES FOUNDATION Charity number: 1187223
| Balance Sheet as at 01/04/2021 Total Unrestricted funds Total Funds |
68,389.77 £ |
|---|---|
| 68,389.77 £ |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report |
Charity Name The Hercules Foundation |
Charity Name The Hercules Foundation |
Charity Name The Hercules Foundation |
|---|---|---|---|
| 01/04/2021 | Charity no (if any) |
1187223 | |
| 1 and 2 (remember to include the page numbers of additional sheets) |
|||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended31/12/2020. As the charity's trustees, you are responsible for the preparation 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 all 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 in connection with the which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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: Name: Relevant professional qualification(s) or body (if any): Address: |
13/10/2021 | |
|---|---|---|
| Caren Ingold | ||
| FMAAT | ||
| West End House, 60 Oxford Street, Wellingborough NN8 4JJ | ||
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight material 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 .
2
IER