Trustees’ Annual Report
From 01/01/2020 Period start date To Period end date
31/12/2020
Charity name: Redbrik Foundation
Charity registration number: 1188949
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 BUT NOT LIMITED TO THE SUPPORT OF CARE OF THE YOUNG AND END OF LIFE CARE BY MAKING GRANTS AND AWARDS TO OTHER CHARITABLE ORGANISATIONS IN THE SOUTH YORKSHIRE AND DERBYSHIRE REGION. |
| 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 |
Fundraising. For the year 2020 this was made up of a Christmas Party for the staff of Redbrik Estate Agents who donated money to the Redbrik Foundation in lieu of money they would normally have spent on a taxi, makeup etc for a physical party as would have taken place in a non-Covid year. It is then planned that the money raised will be awared as grants to other local charties and charitable causes. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | ‘The trustees have had regard to the guidance issued by the Charity Commission on public benefit’ |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | 1. Application received. 2. Initial Assessment Form completed and move to step. 3. 3. Charity researched on the Charity Commission website, whereby an application is only able to move to step. 4 should the traffic light system used be‘Green’. |
- Do any of the trustees need to declare a conflict of interest i.e. are they involved in another capacity with the organisation requesting the grant? If so, they would remove themselves from the decisionmaking process prior to step. 5 (see conflict of interest register below) 5. Trustees vote to award grant, on a ‘yes’ or ‘no’ basis whereby the vote with the highest number wins. 6. The charity requesting the grant is then contacted with our decision. If approved, we would then request their bank account details on official letterhead paper – only finally transferring the grant should the bank account be in the name of the charity requesting the money (i.e. not an individual) N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other
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 | The financial year 01/01/20 – 31/12/20 was the first as a registered charity and due the the Covid outbreak our ability to raise funds has been modest. By the end of the year we undertook our first fundraising event which was a Christmas Party at Redbrik Estate Agents. The staff donated money to the foundation that they would have otherwise spent on a taxi or makeup etc for a physical party. They raised £462. The other achievements were getting the charity formally established in April, setting up a bank account and publicising the foundation and the good work we plan to do with it. The plan for 2021 is to undertake our first ‘major’ fundraising event, along with 1-2 others, appoint a trustee who is external from Redbrik Estate Agents and establish a client donation and match funding programme through Redbrik Estate Agents. |
|---|---|---|
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | N/A |
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the 2020 financial year there was £561.97 in the bank account of which £461.97 came from the aforementioned fundraising and £100 one off donation from Redbrik Estate Agents. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The full funds were held in the account by the end of the financial year to roll over to the next year until a meaningful amount has been raised to be donated as grants. |
| Amount of reserves held | Para 1.22 | £561.97 |
| 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 |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The general public, other local business, staff of Redbrik Estate Agents and Redbrik Estate Agents. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | Covid 19 severely impaired the ability of the foundation to raise funds in our inaugural year. |
| A description of the principal risks facing the charity |
Para 1.46 | We do not see any material risks for the charity going forward, assuming Covid 19 is no longer an issue for wider society. If so, our ability to fundraise could continue to be impaired. |
| Other | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| 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 | As a CIO we are actively pursuing other trustees who are not associated with or part of Redbrik Estate Agents. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | We have no such policy or procedure in place yet, however this may change. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The charities organisational structure is governed by the four trustees who undertake all the planning (but not necessarily implementation) and grant selection. David Cooper is the chair and lead trustee. We plan to leverage our reputation in the wider local business community in respect of appointing external trustees, fundraising and support. |
| Relationship with any related parties |
Para 1.51 | The foundation is a CIO and therefore a ‘corporate’ charity with close links to our estate agency business Redbrik Estate Agents. |
| Other | N/A |
Reference and Administrative details
| Charity name | Redbrik Foundation |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1188949 |
| Charity’s principal address | Redbrik Estate Agents 987 Abbeydale Road Sheffield S7 2QD |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mr David Cooper | 07/04/2020 – 31/12/2021 | |||
| Mr Mark Ross | 07/04/2020 – 31/12/2021 | |||
| Mrs Julie Bulheller | 07/04/2020 – 31/12/2021 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
| Funds held as custodian trustees on behalf of others | Funds held as custodian trustees on behalf of others |
|---|---|
| Description of the assets held in this capacity |
N/A |
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
N/A
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) David Cooper
Full name(s) Mr David Cooper Position (eg Secretary, Chair/Trustee Chair, etc)
Date 11/10/2021
Charity Name
N
Recei ts and a ments accou p p y
01/01/2020 To
For the period from
Section A Receipts and payments
Unrestricted
Restricted funds
funds
to the nearest £ to the nearest £
Endowment funds
to the nearest £
| Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
|||
|---|---|---|---|---|---|
| A1 Receipts | |||||
| 30/11/2020 Redbrik Estate Agents | 100 | - | - | ||
| 24/12/2020 JustGiving | 462 | - | - | ||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| Sub total(Gross income for AR) | 562 | - | - |
| A1 Receipts | 100 462 - - - - - - 562 |
100 462 - - - - - - 562 |
- - - - - - - - - |
- - - - - - - - - |
|
|---|---|---|---|---|---|
| 30/11/2020 Redbrik Estate Agents | 100 | - | - | ||
| 24/12/2020 JustGiving | 462 | - | - | ||
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| Sub total(Gross income for AR) | 562 | - | - | ||
| A2 Asset and investment sales, (see table). |
- - - 562 |
- - - - |
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| Sub total | - | - | |||
| Total receipts A3 Payments |
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| **Sub total ** | - | - | - |
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| **Sub total ** | - | - | - |
| A4 Asset and investment | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| purchases, (see table) | |||||||||
| - | - | - | |||||||
| - | - | - | |||||||
| **Sub total ** | - | - | - | ||||||
| Total payments | - | - | - | ||||||
| Net of receipts/(payments) | 562 | - | - | ||||||
| A5 Transfers between funds | - | - | - | ||||||
| CCXX R1 accounts (SS) A6 Cash funds last year end |
1 |
- | - | 11/10/2021 - |
Cash funds this year end 562 - -
CCXX R2 accounts (SS)
11/10/2021
2
Section B Statement of assets and liabilities at the end of the perio
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets |
Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds to nearest £ |
|---|---|---|
| 562 | ||
| - | ||
| - | ||
| 562 | ||
| OK | ||
| Unrestricted funds to nearest £ |
||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| Fund to which asset belongs |
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| Fund to which asset belongs |
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B4 Assets retained for the charity’s own use
Details
Fund to which liability relates
B5 Liabilities
CCXX R3 accounts (SS)
11/10/2021
3
Signed by one or two trustees on behalf of all the trustees
| Signature David Cooper |
Print N |
|---|---|
| Mr David | |
CCXX R4 accounts (SS)
11/10/2021
4
o (if any)
unts CC16a 31/12/2020
Total funds
Last year
to the nearest £ to the nearest £
| 100 | - | |
|---|---|---|
| 462 | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
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| 562 | - |
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| 562 | - |
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| - | ||
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| 562 | - | |
| - | - | |
| ~~5~~ - |
- |
CCXX R5 accounts (SS)
11/10/2021
562 -
CCXX R6 accounts (SS)
11/10/2021
6
od
| Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - |
Endowment funds to nearest £ |
|---|---|
| - | |
| - | |
| - | |
| - | |
| OK | |
| Endowment funds to nearest £ |
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| Cost (optional) - - - - - |
Current value (optional) |
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| 7 Cost (optional) - - - - - - - - - Amount due (optional) - - |
Current value (optional) |
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| - | |
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| When due (optional) |
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CCXX R7 accounts (SS)
11/10/2021
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Name Date of approval
Cooper 11/10/2021
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CCXX R8 accounts (SS)
11/10/2021
8