Trustees’ Annual Report for the period
1[st] January 2023 to 31[st] December 2023 Charity name: The Charitable Travel Foundation Charity registration number: 1189531
Objectives and Activities
| Objectives and Activities | ||
|---|---|---|
| SORP reference |
||
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention or relief of poverty or financial hardship for the public benefit in disadvantaged communities worldwide where tourism is significant to the local economy, in particular but not exclusively through the provision of grants. The relief of sickness, injury, disease and other suffering for the public benefit in disadvantaged communities worldwide where tourism is significant to the local economy, in particular but not exclusively through the provision of grants. The advancement of vocational education and training for the public benefit in disadvantaged communities worldwide where tourism is significant to the local economy, in particular but not exclusively through the provision of grants. |
| 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 |
The primary activity of the charity has been, with limited resources, to continue to build infrastructure, to further ensure robust compliance, to further develop marketing and communication, and to build fundraising to ensure funds are available to deliver the public benefit, also outreach to beneficiary parties. |
| 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 in respect of the public benefit. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policy on grant making | Para 1.38 | The trustees developed a policy of grant making that complies with the approved objects of the charity and was submitted to the Charity Commission in the approved application for registration. |
| Policy on social investment including program related investment |
Para 1.38 | Social investment does not form a material part of the charity activities in the view of the trustees. |
| Contribution made by volunteers | Para 1.38 | The charity was entirely run and maintained by trustees in a volunteering capacity in this report period. |
| Other |
Page | 1
Achievements and Performance
| 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 | Given the continued impact on resources of being a volunteer run charity, the charity continued through 2023 operating on limited resources. We continued to focus on building the donor and beneficiary project outreach to ensure long term success in delivering the public benefit. In 2023 we supported an initiative in Morocco following the violent earthquake that year. A grant of £10,000 was given via GlobalGiving in the USA to support projects in Morocco involving the provision of emergency relief and long term support to affected communities, supporting villages most affected in mountainous areas, all of which depend on tourism. The initial support was to meet immediate needs for food, fuel, clean water, medicine and shelter before transitioning to focus on recovery efforts led by local, vetted organisations to restore damaged homes, rebuild infrastructure and provide psycho-social and mental health support to survivors. |
|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Our objective is to maximise the opportunity for fundraising within our resource. |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Page | 2
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | As of 31stDecember 2023, £20,241.34 was held in the bank account. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The CIO was created as a fund to be deployed in the instance of communities that depend on tourism whose tourism income has been removed for reasons outside of their control and who do not have access to welfare state provision. Reserves accumulate until projects that fall within the CIO remit are identified for support. |
| Amount of reserves held | Para 1.22 | As of 31stDecember 2023, funds held in the bank account totalled £20,241.34 |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable to the period. |
| Details of fund materially in deficit |
Para 1.24 | Not applicable to the period. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | There are no concerns held by the trustees about the charity continuing as a going concern. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 principal source of funds has continued to be corporate and individual donors connected with the travel and tourism industry. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | Not applicable to the period. |
| A description of the principal risks facing the charity |
Para 1.46 | The principal risk to the charity is the continued impact on the principle source of funds from donors connected with the travel industry. The trustees would stress that these do not jeopardise the charity but do delay impact fullness. |
| Other |
Page | 3
Structure, Governance and Management
| Description of charity’s trusts: | Not applicable in this period. | |
|---|---|---|
| Type of governing document (trust deed,royalcharter) |
Para 1.25 | Governing Document. |
| 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 per the Governing document the appointment of charity trustees - (1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | These are defined in the governing document as being the provision of (a) a copy of the current version of the constitution/governing document; and (b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The charity currently had a board of five trustees during this reporting period, one of whom volunteered to support the day to day running of the charity without remuneration. There are no other volunteers or paid staff members. |
| Relationship with any related parties |
Para 1.51 | There are no relationships with any other parties. |
| Other |
Reference and Administrative details
| Charity name | The Charitable Travel Foundation |
|---|---|
| Other name the charity uses | The Charitable Travel Fund |
| Registered charity number | 1189531 |
| Charity’s principal address | Contingent Works Broadway Buildings Elmfield Road Bromley Kent BR1 1LW |
Page | 4
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 | Christopher Lee | Chair & Treasurer | ||
| 2 | Melissa Tilling (deceased 1stJuly 2024) |
|||
| 3 | Susan Smith | |||
| 4 | Steven Thompson | |||
| 5 | Sarah Loftus | |||
| 6 | Deborah Haw |
– Corporate trustees names of the directors at the date the report was approved Director name NOT APPLICABLE
| Name of trustees holding title to property belonging to the charity | Name of trustees holding title to property belonging to the charity | Name of trustees holding title to property belonging to the charity | |
|---|---|---|---|
| Trustee name | Dates acted if not for wholeyear | ||
| NOT APPLICABLE | |||
Page | 5
Funds held as custodian trustees on behalf of others
Description of the assets held in NOT APPLICABLE this capacity Name and objects of the charity on NOT APPLICABLE whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe NOT APPLICABLE custody and segregation of such assets from the charity’s own assets
Additional information (optional)
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
Other optional information
Page | 6
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature |
|
|---|---|
| Full name(s) | CHRISTOPHER LEE |
| Position (e.g. Secretary, Chair etc) |
CHAIR |
| Date | 20thAugust 2023 |
Page | 7
Section A Receipts and payments
A1 Receipts Donations Bank interest
Sub total(Gross income for AR)
A2 Asset and investment sales, (see table).
Sub total
Total receipts
A3 Payments Grant donations Insurance Monthly account fee (bank) Expenses
Sub total
A4 Asset and investment purchases, (see table)
Sub total
Total payments
Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
Section B Statement of assets and liabilities at the end of the period
Page 1
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity�s own use
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
Page 2
Name
| Name | |||
|---|---|---|---|
| The Charitable | Travel Foundation | ||
| Receipts and payments accounts | |||
| For the period from | Period start date | ||
| 01/01/23 | |||
| Unrestricted funds | Restricted funds | ||
| to the nearest | � |
to the nearest� | |
| 14600 | - | ||
| 35 | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 14635 | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 14635 | - | ||
| 10000 | - | ||
| 429 | - | ||
| 60 | - | ||
| 236 | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 10725 | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 10725 | - | ||
| 3910 | - | ||
| - | - | ||
| 16331 | - | ||
| 20241 | - |
Page 3
Details
Bank balance as of 31 Dec 23
Total cash funds (agree balances with receipts and payments account(s))
Details
Details
Details
Details
Signature Sarah Loftus
Page 4
| No (if any) | |||
|---|---|---|---|
| 1189531 | |||
| To | Period end date | ||
| 12/31/23 | |||
| Endowment funds | Total funds | ||
| to the nearest� | to the nearest� | ||
| - | 14600 | ||
| - | 35 | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | 14635 | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | 14635 | ||
| - | 10000 | ||
| - | 429 | ||
| - | 60 | ||
| - | 236 | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | 10725 | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | 10725 | ||
| - | 3910 | ||
| - | - | ||
| - | 16331 | ||
| - | 20241 |
Page 5
| Unrestricted funds | Restricted funds |
|---|---|
| to nearest� | to nearest� |
| 20241 | - |
| - | - |
| - | - |
| 20241 | - |
| OK | OK |
| Unrestricted funds | Restricted funds |
| to nearest� | to nearest� |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| Fund to which asset belongs | Cost (optional) |
| - | |
| - | |
| - | |
| - | |
| - | |
| Fund to which asset belongs | Cost (optional) |
| - | |
| - | |
| - | |
| - | |
| - | |
| - | |
| - | |
| - | |
| - | |
| Fund to which liability relates | Amount due (optional) |
| - | |
| - | |
| - | |
| - | |
| - | |
| Print Name | |
| SARAH LOFTUS |
Page 6
CC16a
Last year to the nearest �
Page 7
Endowment funds to nearest � - - - - OK Endowment funds to nearest � - - - - - -
Current value (optional)
Current value (optional)
When due (optional)
Date of approval
Page 8