Trustees’ Annual Report & Accounts
Period from 1[st] April 2022 to 31[st] March 2023
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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
| Charity Name | Foxes Help for the Homeless |
|---|---|
| Charity Registered Number: | 1189042 |
| Company Registered Number: | CE021530 |
| Charity Registered Address: | Apartment 39, The Academy Holly Street Luton Bedfordshire LU1 3DD |
| Charity Email Address: | info@foxeshh.org |
| Charity Facebook Page: | @FoxesHH |
| Charity Instagram Page: | @_foxeshh |
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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 charities third year in operation, it is with a heavy heart that we report a period of stagnation, during which our Charity has faced significant challenges in advancing our mission and expanding our trustee board.
Despite the high hopes and strategic plans outlined in the previous year, our efforts to propel the Charity forward have encountered unforeseen obstacles. The global economic climate, coupled with local challenges, has greatly limited our ability to extend our outreach services and fundraising initiatives as anticipated. Our ambition to make a marked difference in the lives of those who are homeless or at risk of homelessness in Reading has been met with resistance, not from a lack of will, but from a complex array of external factors that have hindered our progress.
Our efforts to recruit additional trustees to bolster our strategic direction and governance have been unsuccessful. This has been a considerable setback, as fresh perspectives and expertise are vital for our growth and for overcoming the challenges we face. We recognise the need to intensify our search and to explore new avenues for attracting committed individuals to our cause.
In terms of operational achievements, we have maintained our focus on the smaller initiatives that were set in motion in the prior year. The plans to utilise wasted food and produce have been explored further, though not to the extent we had hoped. Our engagement with supermarkets, TooGoodToGo, and FareShare continues, albeit with limited advancements. The selection and implementation of a donation platform have also been delayed, impacting our ability to streamline donations from the public and corporations alike.
Despite these challenges, our commitment to our Mission, Vision, and Values remains unwavering. The trustees and I are fully dedicated to navigating through this period of stagnation with resilience and determination. We are actively seeking solutions to the barriers we have encountered and are exploring innovative ways to adapt to the ever-changing environment.
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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 | 76 | - | 76 | - |
| Charitable activities | - | - | - | - |
| Other trading activities | - | - | - | - |
| Investments | - | - | - | - |
| Other | - | - | - | - |
| Total | 76 | 0 | 76 | 0 |
| Expenditure on: | ||||
| Raising funds | - | - | - | - |
| Charitable activities | 76 | - | 76 | - |
| Other | - | - | - | - |
| Total | 76 | 0 | 76 | 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: 06/02/2024
| Print Name: | N. THAKURDAS |
|---|---|
| Designation: | FOUNDER & VICE-CHAIR OF TRUSTEES |
| Signed: | |
| Date: | 06/02/2024 |
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