## **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 ended**31/12/2020**.
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**