## **Trustees’ Annual Report for the period**
**From 2[nd] April 2021 to 1[st] April 2022**
**Charity name: The Hercules Foundation Charity registration number: CE020205**
## **Objectives and Activities**
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SORP reference
Summary of the Para 1.17 To advance such charitable purposes
purposes of the charity (according to the law of England and
as set out in its Wales) as the trustees see fit from
time to time in particular by providing
governing document
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 Para 1.17 and Grants given to 7 young women
1.19
activities in relation to and 7 young men from the
those purposes for the Jacaranda School in Malawi to be
public benefit, in sponsored for education and
particular, the accommodation at their chosen
activities, projects or university or collage.
services identified in
the accounts.
Statement confirming Para 1.18 All trustees have read through the
whether the trustees constitution written in accordance
have had regard to the with Charity Commission
guidance issued by guidelines and have access to
the Charity guidance issued by Charity
Commission on public Commission.
benefit
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## **Achievements and Performance**
SORP reference Summary of the main Para 1.20 Grants given to 7 young women achievements of the and 7 young men from the charity, identifying the Jacaranda School in Malawi to be difference the charity’s sponsored for education and work has made to the accommodation at their chosen circumstances of its university or collage. beneficiaries and any wider benefits to Additional grants this year to 7 society as a whole. young men from the Jacaranda School in Malawi to be sponsored for education and accommodation at their chosen university or collage.
## **Financial Review**
Review of the charity’s Para 1.21 **THE HERCULES FOUNDATION** financial position at **Charity number: 1187223** the end of the period Statement of Financial Activities for the period 06/01/2020 to 01/04/2021 Income £306776.76 Expenditure £ 47145.93 Net Surplus (Deficit) £259630.83 Total Funds Carried forward £328020.6 **THE HERCULES FOUNDATION Charity number: 1187223**
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Balance Sheet as at 01/04/2022
Total Unrestricted funds £328020.60
Total Funds £328020.60
Statement explaining Para 1.22 Have committed to multi-year
the policy for holding funding and therefore need to
reserves stating why keep reserves to meet those
they are held commitments or any other which
may arise.
Amount of reserves Para 1.22 £328020.60
held
Reasons for holding Para 1.22 N/A
zero reserves
Details of fund Para 1.24 N/A
materially in deficit
Explanation of any Para 1.23 N/A
uncertainties about
the charity continuing
as a going concern
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## **Structure, Governance and Management**
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Description of charity’s One Community account with
trusts: Barclays Bank
Type of governing Para 1.25 Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25
Apart from the first charity trustees,
methods including
every trustee must be appointed for
details of any a term of five years by a resolution
constitutional passed at a properly convened
provisions e.g. election meeting of the charity trustees.
to post or name of any In selecting individuals for
person or body
appointment as charity trustees,
entitled to appoint one the charity trustees must have
or more trustees regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.
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## **Reference and Administrative details**
Charity name The Hercules Foundation Other name the charity N/A uses Registered charity 1187223 number
||Charity’s principal
address|39 Westmoreland Terrace, Pimlico, London,
SW1V4AQ||
|---|---|---|---|
|||||
## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Eleanor Sophie Canham, Hector
1
Canham Canham, Mary Canham
Sophie Canham Hector Canham, Mary
2 Canham, Eleanor
Canham
Mary Canham Sophie Canham, Hector
3 Canham, Eleanor
Canham
Hector Canham Sophie Canham, Mary
4 Canham, Eleanor
Canham
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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.
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Trustee name Dates acted if not for
whole year
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## **Funds held as custodian trustees on behalf of others**
Description of the None. assets held in this capacity Name and objects of None. the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of None. arrangements for safe custody and segregation of such assets from the charity’s own assets
## **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**
## **THE HERCULES FOUNDATION Charity number: 1187223**
Statement of Financial Activities for the period 02/04/2021 to 01/04/2022
Balance Sheet as at 01/04/2022
|Current Account Balance|£|168,631.07
|
|---|---|---|
|Shares, at cost|£146,518.97||
|Cash Held for Investment||£12,870.56|
|Total Funds|£|328,020.60
|
|||||
|---|---|---|---|
|Income
Expenditure
Net Surplus (Deficit)
Total Funds Brought Forward
Total Funds Carried forward
Expenditure|306,776.76
£
Current Account Balance
47,145.93
£
Shares, at cost
259,630.83
£
Cash Held for Investment
68,389.77
£
Total Funds
328,020.60
£
188.82
£
Bank Charges
36,000.00
£
Mary's Meals
275.00
£
Card Payment to Lei*Britishlei Estonia On 31 Aug
10,071.64
£
Jacaranda
46,535.46
£
£610.47 Investment Charges
47,145.93
£|Current Account Balance
Shares, at cost
Cash Held for Investment
Total Funds|168,631.07
£
£146,518.97
£12,870.56|
||||328,020.60
£|
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the** Charity Name The Hercules Foundation **trustees/ members of**
01/04/2021 **On accounts for the year ended**
> **Charity** 1187223 **no (if any)**
**Set out on pages** 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** .
## **Responsibilities and basis of report**
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 **examiner's** matters have come to my attention in connection with the which **statement** 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._
**Date:** 13/10/2021
**Signed: Name:** Caren Ingold
1
**IER**
**Relevant** FMAAT **professional qualification(s) or body (if any):**
**Address:** West End House, 60 Oxford Street, Wellingborough NN8 4JJ
## **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**