THE WEBB KINGPIN FOUNDATION
REGISTERED CHARITY NUMBER: 1187291
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2021
THE WEBB KINGPIN FOUNDATION ADMINISTRATIVE DETAILS
REGISTERED CHARITY NUMBER 1187291 REGISTERED OFFICE 105 Oxford Road Reading RG1 7UD SOLICITORS Solicitors Dexter Montague LLP 105 Oxford Road Reading RG1 7UD
THE WEBB KINGPIN FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2021
1 )Report of the Trustees
- 2) Statement of Financial Activities
THE WEBB KINGPIN FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31/12/2021
OBJECTIVES AND ACTIVITIES
The charity's objects are to advance for the public benefit any purpose which is exclusively Charitable according to the law of England and Wales as the Charity may from time to time determine in particular by making donations to Charities and individual need.
The board, which consists of unpaid volunteers with a variety of professional skills, has dealt with the setting up of the charity and the project, administrative, compliance and regulatory issues. In addition it has monitored fund raising and publicity of its projects. The trustees have a risk management strategy which comprises:
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An annual review of the risks the charity may face;
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The establishment of systems and procedures to mitigate those risks identified in the plan;
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The implementation of procedures designed to minimise any potential impact on the charity should issues arise.
The charity is constituted as a Charitable Incorporated Organisation - Foundation Model - whereby the only voting members are the charity Trustees. We have adopted the Charity Commissions Model Constitution to ensure we comply with the Charities Act 2011 (the 2011 Act) and the General Regulations
TRUSTEES
The trustees who held office during the year and up to the date of signature of the financial statements were as follows
P J Webb (Chairman) A Beasley W Montague A M Andrews
Trustees are appointed for their individual knowledge, experience and skills that are considered essential to ensure the charity’s effective administration and its continued sustainability, growth and development. Trustees are appointed by the Board of Trustees in a properly convened meeting.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Due to the impacts of Covid the Charity has effectively been unable to carry out any fundraising or other activities and has remained dormant since formation. As restrictions are now lifting the trustees plan to carry out fundraising and plan to raise funds which will be invested to provide an annual income that can be applied to various charitable causes by the making of grants.
The trustees will also assist charities where they are able to become more sustainable.
FINANCIAL REVIEW
Financial position Currently the charity has Nil assets or income and Nil expenditure
FUTURE PLANS
The charity is in discussion with a benefactor who is looking to support the charity with a donation so that the charity will continue in a way that its objectives can be met.
THE WEBB KINGPIN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| DECEMBER 2021 | ||
|---|---|---|
| INCOME AND ENDOWMENTS | £ NIL | |
| EXPENDITURE ON Charitable activities | Donations | £ NIL |
| Other costs of charitable activities | £ NIL | |
| Governance costs | £ NIL | |
| NET INCOME | £ NIL | |
| NET ASSETS | £NIL |