Charity No. 1188373 Repairing broken lives and Communities; Restoring Hope. Isa 58v12 7 Newgale Gardens, Edgware. HA8 6JF email: harrowgrace@gmail.com
TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024
INTRODUCTION
The trustees are submitting the annual report and financial statements of the Harrow Grace Foundation for the year ending on 31st March 2024. The trustees confirm that these documents comply with the statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.
1.1. PUBLIC BENEFIT STATEMENT
The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit “Charities and Public Benefit”.
1.2. STRUCTURE, GOVERNANCE, AND MANAGEMENT
Status
The charity was constituted by a trust deed dated 26th February 2020 and is registered in England and Wales with charity number 1188373.
Appointment or Election of Trustees
Trustees are appointed and co-opted under the terms of the trust deed.
Policies Adopted for the Induction and Training of New Trustees
The induction process for a newly appointed trustee includes a meeting with the chair and other trustees to discuss the powers and responsibilities of the trustees.
Organisational Structure and Decision-Making
The charity is organised so that the trustees meet regularly to manage its affairs.
1
1.3. OBJECTIVES AND ACTIVITIES
Advancing the education of vulnerable children and young people and relieving poverty for the public benefit by sponsoring children to receive full-time education in rural areas in Africa. Relieving poverty in the UK and Wales by providing services that benefit the community and improve lives, such as Saturday clubs for music and arts and crafts for young people and children.
1.4. ACHIEVEMENT AND PERFORMANCE
The charity currently has six children in education. They have all made various progress in their academic studies by moving to the next class in their respective schools. For example, three in primary school have moved into secondary school, while the oldest has completed his secondary education. He also achieved high grades in the WAEC and NICO exams, this will enable him gain further admission to university. He is currently training as an electrical apprentice to empower him further to be economically viable. Developing academic and life skills will enable him to positively contribute to improving his community's well-being.
Trustees’ Responsibilities
The Charity Trustees shall manage the affairs of the Trust. They shall exercise their power and perform the functions in their capacity as trustees as conferred on them by the Deed.
They are responsible for keeping proper accounting records that always disclose the charity’s financial position with reasonable accuracy and enable them to ensure that the financial statements comply with the Charities Act 2011.
2
INCOME AND EXPENDITURE APRIL 2023-MARCH 2024
| INCOME | EXPENDITURE | ||
|---|---|---|---|
| 26.4.23 | £95.00 | 26.4.23 | £0.00 |
| 26.05.23 | £131.00 | 26.05.23 | £0.00 |
| 26.06.23 | £95.00 | 26.6.23 | £0.00 |
| 26.07.23 | £95.00 | 16.07.23 | £0.00 |
| 29.08.23 | £95.00 | 29.08.23 | £0.00 |
| 26.09.23 | £95.00 | 26.09.23 | £0.00 |
| 26.10.23 | £95.00 | 26.10.23 | £0.00 |
| 30.11.23 | £95.00 | 30.11.23 | £415.00 |
| 27.12.23 | £95.00 | 27.12.23 | £0.00 |
| 26.01.24 | £95.00 | 26.01.24 | £0.00 |
| 26.02.24 | £95.00 | 26.02.24 | £0.00 |
| 26.03.24 | £95.00 | 26.03.24 | £0.00 |
| Total Income | £1,176.00 | Total Expenditure | £415.00 |