Trustees’ Annual Report for the period
From 01/05/2021 To 30/04/2022
Charity name: Smiley Smiley Josh Riley Foundation
Charity registration number: 1190306
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | We are fundraising to raise enough funds to purchase a log cabin in the lake district for young adults with cancer to holiday in. |
| 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 |
Main activities in the period were of individual fund raising events and to build on the initial successes of our first period of activity. The major step change being an annual ball which proved to be of considerable success with an initiative requesting monthly donations from willing supporters. No actual spending or investment in publicly beneficial assets has taken place yet as we are yet to reach our target of £130,000. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees have strong regard for the guidance issued by the Charity Commission on public benefit. |
Achievements and Performance
SORP reference
| 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 | Due to covid our options still remained limited during parts of the period but we started to transition into a post covid world which allowed up to arrange our first large social event with our official launch evening which was attended by over 100 guests. The event provided a platform to publicly launch the foundation, creating valuable exposure and helping to articulate why we are doing this and how they can be a part of this exciting journey. We also raised £9k on the night and signed up supporters who were willing to pay a monthly standing order. We did also continue to be supported by other efforts, largely people supporting the foundation by taking on individual challenges such as sport / exercise related fundraising. Thank you to all of our kind supporters and donators during the period. We are aware that the foundation will not have a direct tangible benefit to society (in line with our objective) until we have reached our target fundraising goal which will allow us to purchase the lodge. We must therefore strive to reach our goal as quickly as possible so we can achieve what we set out to do and improve the quality of peoples lives and keep our supporters in the loop of our progress along the way. We are also aware that on year 1 and 2 run rates we will fall short of target, although some credence must be made towards these periods being heavily impacted by covid. We have therefore been more tactical, setting out specific initiatives with financial targets in order to make up ground an improve our earning run rate in line with our plan. |
|---|---|---|
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | As the only expenditure the charity has are some marginal transaction fees and some modest costs (£855) booking a venue for the annual ball. Due to no fixed overheads and being supported purely through volunteer labour the financial position of the charity is strong with no risk of financial loss. Net contribution % of charitable income is 94.5% with the only expenditure relating to the annual ball which itself was a big |
|---|---|---|
| success and an overwhelming net contributor to the cause. |
||
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held as the asset we are striving to purchase is more than we have in reserve. |
| Amount of reserves held | Para 1.22 | £24,088 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO - FOUNDATION Registered 08 Jul 2020 |
| 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 | Four trustees – must be unanimous vote from all 4 members. |
Reference and Administrative details
| Charity name | Smiley Smiley Josh Riley Founation |
|---|---|
| Other name the charity uses | none |
| Registered charity number | 1190306 |
| Charity’s principal address | 7 Aspen Close, Blackburn, Lancashire, BB2 5GT |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mark Riley | 7 Aspen Close | Wholeyear | ||
| Hanna Simpson | Wholeyear | |||
| Kristoper Gregory | Wholeyear | |||
| John Aspin | Wholeyear | |||
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Kristopher Gregory Position (eg Secretary, Trustee Chair, etc) Date 28/02/2023
Smiley Smiley Josh Riley Foundation - Accounts - April 2022
| Profit & Loss | Y/E Apr 2021 - £ | Y/E Apr 2022 - £ |
| Website Donations Direct Donations Just Giving income Facebook campaigns Cheques / Cash Deposits Other fundraising Standing Orders Annual Ball |
2,612 2,440 3,959 722 - 129 - - - |
2,122 105 1,536 - 2,460 1,945 844 6,409 - |
| Total Income | 9,863 | 15,422 |
| Stripe transaction fees Just giving charges Event Costs Annual Ball |
(126) (113) - - - |
- - - (855) - |
| Total Expenses | (239) | (855) |
| Contribution | 9,624 | 14,567 |
| Contribution % | 97.6% | 94.5% |
| Balance sheet | Y/E Apr 2021 - £ | Y/E Apr 2022 - £ |
| Cash in bank Cash in hand Stripe debtors Just Giving Debtors Facebook/Paypal Debtors |
9,624 - - - - |
24,088 - - - - |
| Total Assets | 9,624 | 24,088 |
| Prize moneyowed | - | - |
| Total Liabilities | - | - |
| Funds | 9,624 | 24,088 |
| Check | - | - |