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2023-12-31-accounts

The Coco Joelle Foundation Report and Flnanclal Statements Year ended: 31 December 2023 Charity No: 118%09

The Coco Joelle Foundation (Charity No. 1189609) Trustees Ms Lisa Seymour. Chair of Trustees Mrs Mellssa Fife Mrs Gemma Watson Dr Davld Cotton Trust Adminktrator MrJcd)n Whrte MBE Reglstered Offlce Suite 44 LCLB 95 Mortimer Street London WIW 7GB

Report of the Tr￿tse5 for the year ended 31 December 2023 The Trustees of the Coco Joelle Foundation ICJF) have pleasure in presenting their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Foundation's trust deed, the Charities Act 1993 and the Statement of Recommended Prartice: Accounting arbd Reporting by Charities published in 2￿5. Stiurture, Governance and Management The Coco Joelle Foundation ICJF) is a re8lStered charity, number 1189609, and is const5tuted 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, Ms Lisa Seymour as a grant-makln8 foundation whose objects are summarised as: The relief of those in rtreed by reason of ill-health. disabllity. financial hardship or other disadvantage; The advancement ofenvironmental protettion or improvement; Such other exclusively charitsble purpose5 as the Charlty Trustees declde. The management of the Foundation is the responsibility of the Trustees who are eletted and co-opted under the terms of the Con5tltutlon. All trustee5 were appointed for an initial peric 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 effectlve administration of the CIO. There are no sub-committees and all declslons are agreed by a majority of the trustees who have signified their agreement. Slnce Its establishment. and gNen the global d￿perSar of the Trustees and the Trust Admlnlstrator, all decisions re8arding the Foundation have been condurted by emall, phone or by virtual meetin8. All Trustees and the Trust Administrator give of theirtime freely and receive no remuneration. The Chair of Trustees covers the costs of adminlsterin8 the Foundation Ihire of PO Box, website administration and postage) from her personal funds. Grant Maklng Pollcy The Foundation has established a grant making policy whith will distribLrte funding to causes ccording to principles which include: All organisations applying must be registered with the Charity Commission All application5 must be to 5UPPOrt 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 8rant/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 organisatlons to fund initiatNes beyond the scope of a single or8anisation Charltles Aid FourKlation Donor-Advised Fund The Coco Joelle Foundation is linked to a Donor-Advised Fund IDAFI administered by the Charities Ald Foundation ICAFI. A5 well as being tax efficienc given that the majority of the Trusvs funds come from the US, this reduce5 the administrative burden on the Trustees and Trust Admlnistrator as all accounting for funds and grants is administered by CAF. The Impact on grant disbursement Is mlnlmal. All beneficiarie5, whlle approaching Co¢oJoelle trustees in the first instance, now under80 an eligibility check from CAF who then make grants based on recommendations of the Coco Joelle trustees. A summary of this protsss is on the Coco Joelle website and is explained to potential benefidaries when they first approach the Foundation. This is reproduced below". The Coco Joelle Foundatlon portner5 With the Charities Ald Foundotion (CAFJ to facilitate Its grant making. Ifyou are nominoted by our fru5tees to recelvefund5, your Information will be given to CAF who willsend you o Gront Eligibility Applicatlon (GEA) form to complete, which Should be returned to the teom at CAFAmerican Donor Fund. Your ellgibillty will then be proce55es ond. upon opproval, the gront puyment will be mode to y¢w by CAFAmericon Donor Fund. You will subsequently be contotted by CAF within 12 months who wlll osk you to complete o short grantee report, as per thelr terms and conditions. Grnnts Made Operating through the DAF estsblished with CAF, the Coco Joelle Foundation trustees authori5ed grants totalllng £221.500.00 in 2023. These were as follows: James, Place (Charity No. 11218911. A total grant of £120,OLKI of which 15 being paid over three years. The second instalment of £40,QM)O was paid in October 2023 and the remaining £40,IM) will be paid in 2024 in accordance with the charitvs wi5he5. The purpose of thls is to fund a coun5ellor for three years. The Southmead Project (Charity No. 10766171. Grants totalling E31.500 were made to thls Bristol based organisation in 2023 and is the balance of a commitment by the Trustees to fund a ￿￿nsellOr for two years to a total of £63,lJJ).

The Q>nnectlon at St Martin-in-the-Fields (Charity No. 1078201). Trustees agreed a grant of£150,000 to the Connection toward5 the establishment of its Women's Development Unit in 2022. £75.0￿ was paid in 2022 and the balance of£75,CWwas made in 2023. PAPYRUS {Charlty No. 1070896). As part of the Big Give campalgn. the Foundation made a 8rant ofE15.0(h)to PAPYRUS in December 2023, a sum which was to be doubled by a match funder. St Mungo's {Charity No. 11490851. The Coco Joelle Foundation made a grant of £IO,CQO.00 towards the winter appeal. The Matthew Project (Charlty No. 1122801). Trustees decided to make a 8rant of £50,000 to this Norwich based charity to cover the salary and costs of a Social Enterpr15e Manager, Trustees contlnue to intervlew, generally by Zoom. those charitie5 bidding for funds. Thls Ilows potential beneficiaries the opportunity to make their pitch and for the CJF'S Trustees to dlscu55 and reflect on this before making a decislon on the Scale of the grant. Exceptions to this are grants made in response to flash appeals such as Crlsls and Chr15tmas and the D15asters Emergency Committee. Futurn Plans Trustees remaln keen to deepen their commttment to those organisations that are most closely aligned to the Foundation's objertives such as James, Place, the Connection at St Martin-In-th&Field and Your Place. Vislts have been made to all of these and regular contact is maintained in order to better understand the charities, prioritles and how the CJF can help them in achieving them. Approved by order of the rnembers of the Board ofTrustees on on their behalf by: Ottober 2024 and signed Lisa Seymour Chair of Trustees

Coco Joelle Foundation

11

Recei ts and a ments accou p p y

01-Jan-23 To

For the period from

Section A Receipts and payments

Unrestricted

funds

Restricted funds

Endowment

funds

Unrestricted
funds		 Restricted funds Endowment
funds
to the nearest £ to the nearest £ to the nearest £
A1 Receipts
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Sub total(Gross income for AR) - - -
Sub total(Gross income for AR) - - -
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total - 0 - -
Total receipts - - -

A3 Payments

- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
**Sub total ** - - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
**Sub total ** - - -
Total payments - - -
Net of receipts/(payments) - - -
A5 Transfers between funds - - -
CCXX R1 accounts (SS)
A6 Cash funds last year end		 1
 - - 30/05/2024
-

Cash funds this year end -

CCXX R2 accounts (SS)

30/05/2024

2

Section B Statement of assets and liabilities at the end of the perio

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
Details		 Unrestricted
funds
to nearest £
-
-
-
240
Agreement Error
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which asset
belongs
Fund to which asset
belongs

B4 Assets retained for the charity’s own use

Fund to which Details liability relates

B5 Liabilities

CCXX R3 accounts (SS)

30/05/2024

3

Signed by one or two trustees on behalf of all the trustees

Signature Print N
JOHN W

CCXX R4 accounts (SS)

30/05/2024

4

189609

unts CC16a 31-Dec-23

Total funds Last year

to the nearest £ to the nearest £

- -
- -
- -
- -
- -
- -
- -
- -
- -
-
- -
- -
- 240
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-
-
- -
- -
- 240
- -
- ~~5~~
 -

CCXX R5 accounts (SS)

30/05/2024

240

CCXX R6 accounts (SS)

30/05/2024

6

od

Restricted funds
to nearest £
-
-
-
-
OK
Restricted funds
to nearest £
-
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
- -
- -
- -
- -
- -
- -
Cost (optional)
-
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -
- -
7
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-		 Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-

CCXX R7 accounts (SS)

30/05/2024

----- Start of picture text -----
-
-
-
Name Date of approval
WHITE 30-May-24
----- End of picture text -----

CCXX R8 accounts (SS)

30/05/2024

8