The Coco Joelle Foundation Report and Financial Statements Year ended: 31 December 2020 Charity No: 1189609
Reference and administrative information Trustees Mrs Lisa Seymour, Chair of Trustees Mrs Melissa Fife Mrs Gemma Watson Dr David Cotton Trust Administrator Mrjohn White Registered Offlce Suite 44 LCLB 95 Mortimer Street London WIW 7GB Charity No: 1189609 Bankers Coutts & Co 440 Strand London WC2R OQS Report of the Trustees for the year ended 31 December 2020 The trustees present their annual report and financial statements of the Foundation for the Year ended 31 December 2020. The financial statements have been prepa red in accordance with the Foundation's trust deed, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities published in 2005. Structure, Governance and Management The Coco Joelle Foundation ICJFI is a registered charity, number 1189609, and is constituted under a constitution dated 18 May 2020 establishing it as a Charitable Incorporated Organi5ation ICIOI. It was established by Dr David Cotton and his daughter, Mrs Lisa Seymour as a grant-making foundation whose objects are summari5ed as.. The relief of those in need by reason of ill-health, disability, financial hardship or other disadvantage,. The advancement of environmental protection or improvement: Such other exclusively charitable purposes as the Charity Trustees decide.
The management of the Foundation is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. All trustees were appointed for an initial period of one year, extended to three years by a resolution passed by the trustees. The trustees were selected with regard to the skills, knowledge and experience needed for the effective administration of the CIO. There are no sub-committees and all decisions are agreed by a majority of the trustees who have signified their agreement. Since its establishment, and given the restrictions due to the Covid-19 pandemic on conducting in-person meetings, all decisions regarding the Foundation have been conducted by email, phone or by virtual meeting. Grant Making Policy The Foundation has established a grant making policy which will distribute funding to Causes according to principles which include.. All organisations applying must be registered with the Charity Commission All applications must be to support work that is wholly charitable in purpose The grant will help the Foundation deliver against its charitable objects The organisation applying can demonstrate credible and skilled leadership as well as strong sector understanding The organisation should show a committed approach to measure and evaluate the grant/s provided and report in detail on the expenditure of the grant at regular intervals throughout the funding period In addition to this policy, The Foundation is prepared to work in partnership with other organisations to fund initiatives beyond the scope of a single organisation The First Year In this its first year, the Coco Joelle Foundation has made no grants. The time has been Spent in drafting and agreeing the Constitution and policies and in allowing the Trustees the opportunity to publicise the Foundation's existence. As a new grant making trust, there have so far been three approaches made for funding which are currently under consideration by the Trustees. These are: Fat Macy's Foundation {Charity No. 11736881. The Fat Macy's Foundation IFMFI works with young Londoner5 living in hostel accommodation and provides in-hostel catering training to train participants in catering, hospitality and food hygiene. FM F is seeking funding to equip a building in Shoreditch which is being converted into a catering academy. James, Place (Charity No. 11218911. James, Place raises awareness of anxietv, depression and suicide amongst young people, working to combat the second largest cause of death amongst young men in the United Kingdom. The charity is seeking funding for two therapists and resources to publicise its work in both London and Liverpool.
Clapton Common Boys, Club (Charity No. 1121347). Clapton Common Boys, Club works to improve the lives of disadvantaged young boys by providing stimulating and engaging extracurricular activities. They have approached aF with a request for assistance for a creative arts programme to be run in the summer of 2021 for 45 boys with special educational needs. In November 2020, Mr John White joined CJF as the Trust Administrator to assist with the administration of the Foundation, the processing of bids and the eventual disbursement of grants. Future Plans Following advice from the Foundation's bankers (Coutts & Col, the Trustees will be approaching two organisations, the Charities Aid Foundation ICAFI and the National Philanthropic Trust INPTI with a view to linking the Coco Joelle Foundation to a Donor-Advised Fund IDAFI. Given the nature of the Foundation and the manner in which it is funded, a DAF would allow Trustees to establish and fund the account in a tax-efficient manner as well as reduce the administrative burden. Should Trustees take this option, they will continue to exercise their discretion on donations and to recommend grants from the fund to other charitable organisations. Approved by order of the members of the Board of Trustees on signed on their behalf by: September 2021 and Lisa Seymour Chair of Trustees
Coco Joelle Foundation
1189609
Receipts and payments accounts
CC16a For the period To from 21-May-20 31-Dec-20
Section A Receipts and payments
Unrestricted Endowment Restricted funds Total funds Last year funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
| A1 Receipts | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nil | Nil | Nil | Nil | Nil | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| - | - | - | - | - | ||||||||||
| Sub total(Gross income for AR) | Nil | Nil | Nil | Nil | Nil |
| A2 Asset and | investment sales, | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (see table). | |||||||||||||||||||
| - | - | - | - | ||||||||||||||||
| - | - | - | - | - | |||||||||||||||
| Sub total | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| Total receipts | Nil | Nil | Nil | Nil | Nil |
CCXX R1 accounts (SS)
27/09/2021
1
A3 Payments
| A3 Payments | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | Nil | Nil | Nil | Nil | Nil |
| A4 Asset and investment | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| purchases, (see table) | |||||||||||||||||||
| - | - | - | - | - | |||||||||||||||
| - | - | - | - | ||||||||||||||||
| **Sub total ** | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| Total payments | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| Net of receipts/(payments) | - | - | - | - | - | ||||||||||||||
| A5 Transfers between funds | - | - | - | - | - | ||||||||||||||
| A6 Cash funds last year end | - | - | - | - | - | ||||||||||||||
| Cash funds this year end | Nil | Nil | Nil | Nil | Nil |
CCXX R2 accounts (SS)
27/09/2021
2
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|---|
| Categories B3 Investment assets B2 Other monetary assets B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds to nearest £ Nil - - Nil #VALUE! Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs 0 |
Restricted funds to nearest £ Nil - - Nil #VALUE! Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - |
Endowment funds to nearest £ |
| Nil | ||||
| - | ||||
| - | ||||
| Nil | ||||
| #VALUE! | ||||
| Endowment funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| 0 | - | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - |
CCXX R3 accounts (SS)
27/09/2021
3
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use |
Details Details Signature |
Fund to which asset belongs Cost (optional) 0 - - - - - - - - - Fund to which liability relates Amount due (optional) 0 - - - - - Print Name LISA SEYMOUR |
Current value (optional) |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval | |||
| LISA SEYMOUR | 24-Sep-21 | ||
CCXX R4 accounts (SS)
27/09/2021
4