Trustees’ Annual Report & Accounts
Period from 1[st] April 2021 to 31[st] March 2022
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Contents
| 1. | Charity Contact Information .............................................................................................................. 3 |
|---|---|
| 2. | Charity Trustees ................................................................................................................................. 4 |
| 3. | Objectives & Activities ....................................................................................................................... 5 |
| 4. | Structure, Governance & Management ............................................................................................ 6 |
| 4.1. Type of Governing Document ................................................................................................... 6 |
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| 4.2. Trustee Recruitment & Appointment........................................................................................ 6 |
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| 5. | Achievements & Performance .......................................................................................................... 7 |
| 6. | Financial Review ................................................................................................................................ 8 |
| 6.1. Trustee Responsibilities Statement ........................................................................................... 8 |
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| 6.2. Basis of Preparation of Financial Statements ............................................................................ 9 |
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| 6.3. Statement of Financial Activity (SOFA) .................................................................................... 10 |
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| 6.4. Balance Sheet .......................................................................................................................... 11 |
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| 7. | Declaration ...................................................................................................................................... 12 |
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1. Charity Contact Information
----- Start of picture text -----
Charity Name Foxes Help for the Homeless
Charity Registered Number: 1189042
Company Registered Number: CE021530
Apartment 39, The Academy
Holly Street
Charity Registered Address: Luton
Bedfordshire
LU1 3DD
Charity Email Address: info@foxeshh.org
Charity Facebook Page: @FoxesHH
Charity Instagram Page: @_foxeshh
----- End of picture text -----
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2. Charity Trustees
The CIO Trustees are listed as follows:
Paul Lock – Chair & Co-Founder
Nerissa Thakurdas – Vice-Chair & Founder
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3. Objectives & Activities
The objects of the CIO are for the prevention or relief of poverty in accordance with Christian principles for the public benefit, in particular but not exclusively, by the provision of:
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(a) Items such as clothing, food, water and essential toiletries.
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(b) Signposting the beneficiaries to organisations that can give support and information in relation to substance abuse programmes.
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4. Structure, Governance & Management
4.1. Type of Governing Document
Foxes Help for the Homeless is a registered Charity and is a company limited by guarantee incorporated on 14[th] April 2020. The Charity’s governing instrument is its Foundation Model Constitution.
4.2. Trustee Recruitment & Appointment
The Founder & Co-Founder of Foxes Help for the Homeless, had previously elected a Trustee as a Treasurer to look after all financial elements of the Charity as there was a gap for these skills. After remaining in post for many months assisting the Charity with its goals, this Trustee then decided that they would no longer be able to commit to the level of focus needed to assist in its mission. The Treasurer’s responsibilities have been delegated out to the Founder & Co-Founder until a new Treasurer, whose strategic goals align with the Charity’s core objectives, has been found & appointed.
All new Trustees are given an electric copy of the Code of Conduct which sets out the expectations for professional boundaries and safeguarding. Newly appointed Trustees are expected to agree to the points within the Code of Conduct and sign to confirm they will act within its guidelines when representing or working for the CIO.
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5. Achievements & Performance
During the course of the Charity’s second year in operation, with the introduction of a newly appointed Treasurer, the Trustees were able to map out a plan to determine which outreach services they should focus on offering first and also a plan to raise funds for operational costs.
The CIO evaluated various opportunities to research similar Charities in the town of Reading to see how they could make the biggest impact. All 3 Trustees spent 1 day volunteering with Sadaka in Reading which gave them a better insight into the town’s greatest needs.
This then led to the Trustees thinking about how they can make a significant improvement to the lives of those who are homeless or those at risk of homelessness. The decision was then taken that the Charity would start with smaller initiatives whilst also creating a plan for the longer term, to assist with or acquire the means of short term housing.
With regards to the smaller initiatives, the idea was to look into products that the service users would desperately need such as food & toiletries. As there is a lot of food waste in the UK, the Trustees got as far as considering what options were available to utilise wasted food & produce, this involved looking into and making enquiries with supermarkets, TooGoodToGo & FareShare.
Also, the Trustees reviewed ways in which donations could be made, both from corporations and by members of the public. It was decided that the Charity would investigate the use of a donation platform and after examining the options online, 2 options were selected to compare; TotalGiving and JustGiving. Once a suitable platform is chosen, then this will be added as a link on the Charity’s website.
A significant amount of time was spent on researching the insurances the Charity would need to deliver outreach services in a safe and secure manner.
The Trustees agreed on a fitting Mission & Vision Statement and also mapped out the Charity’s Values.
Finally, during this time the CIO completed many administrative tasks, such as the creation of new policies and further securing the back-end structure to enable and aid in future development and growth in the coming years.
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6. Financial Review
6.1. Trustee Responsibilities Statement
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law.
Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view or the slate of affairs of the charitable company and of the incoming resources and application of resources, including the Income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position or the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
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6.2. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Foxes Help for the Homeless meets the definition or a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
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6.3. Statement of Financial Activity (SOFA)
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 292 | - | 292 | - |
| Charitable activities | - | - | - | - |
| Other trading activities | - | - | - | - |
| Investments | - | - | - | - |
| Other | - | - | - | - |
| Total | 292 | 0 | 292 | 0 |
| Expenditure on: | ||||
| Raising funds | - | - | - | - |
| Charitable activities | 292 | - | 292 | - |
| Other | - | - | - | - |
| Total | 292 | 0 | 292 | 0 |
| Net income/(expenditure) before | - | - | - | - |
| investment gains/(losses) | ||||
| Net gains/(losses) on investments | - | - | - | - |
| Net income/(expenditure) | ||||
| Extraordinary items | - | - | - | - |
| Transfers between funds | - | - | - | - |
| - | - | - | - | |
| Other recognised gains/(losses): | ||||
| Other gains/(losses) | - | - | - | - |
| Net movement in funds | - | - | - | - |
| Reconciliation of funds: | ||||
| Total funds brought forward | - | - | - | - |
| TOTAL FUNDS CARRIED FORWARD | 0 | 0 | 0 | 0 |
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6.4. Balance Sheet
| Unrestricted | Restricted | Total This | Total Last | |
|---|---|---|---|---|
| Funds | Funds | Year | Year | |
| £ | £ | £ | £ | |
| Fixed assets | ||||
| Intangible assets | - | - | - | - |
| Tangible assets | - | - | - | - |
| Investments | - | - | - | - |
| Total fixed assets | 0 | 0 | 0 | 0 |
| Current assets | ||||
| Stocks | - | - | - | - |
| Debtors | - | - | - | - |
| Investments | - | - | - | - |
| Cash at bank and in hand | - | - | - | - |
| Total current assets | 0 | 0 | 0 | 0 |
| Creditors: amounts falling due | - | - | - | - |
| within one year | ||||
| Net current assets/(liabilities) | - | - | - | - |
| Total assets less current liabilities | 0 | 0 | 0 | 0 |
| Creditors: amounts falling due | - | - | - | - |
| after one year | ||||
| Provisions for liabilities | - | - | - | - |
| Total net assets or liabilities | 0 | 0 | 0 | 0 |
| Charity Funds | ||||
| Restricted funds | - | - | - | - |
| Unrestricted funds | - | - | - | - |
| TOTAL FUNDS | 0 | 0 | 0 | 0 |
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7. Declaration
Signed on behalf of the Charity Trustees:
| Print Name: | P. LOCK |
|---|---|
| Designation: | CHAIR & CO-FOUNDER |
| Signed: | |
| Date: 29/01/2023 |
| Print Name: | N. THAKURDAS |
|---|---|
| Designation: | FOUNDER & VICE-CHAIR OF TRUSTEES |
| Signed: | |
| Date: 29/01/2023 |
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