Trustees’ Annual Report for the period
From: 12 November 2020 to: 31 March 2022
Charity name: The Dime Project
Charity registration number: 1192287
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To relieve the needs of persons who are in need by virtue of being homeless or rough sleepers in the UK, through the provision of financial support for clothing, food, selfcare items & cross agency signposting |
| 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 |
Partnering with homeless charities, shelters and volunteer groups to safely and productively channel donations (received from members of the public via the Dime smartphone app) towards a homeless individual's rehabilitation. Education and promotion of local shelter services to individuals sleeping rough. Education and promotion (to members of the public) of the need for homelessness services. Development, maintenance and promotion of Dime smartphone app. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Confirmed |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | N/A |
Other
N/A
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 | This first accounting period since the charity’s registration has very much been an incubation phase, with no tangible income, costs or output to show. 2021 was focused on finishing our donation platform and working on charity/shelter outreach (platform education and testing, researching how different shelters assist those sleeping rough). Successful development and deployment of smartphone donation app (iOS & Android). |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | N/A |
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | 0 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No fundraising or expenditure during this accounting period – charity operated in an incubation phase focused on partner outreach, market research and product development (led by the trustees voluntarily i.e. non-paid). Accordingly, no reserves held at the end of the period due to no income or expenditure. |
| Amount of reserves held | Para 1.22 | 0 |
| Reasons for holding zero reserves |
Para 1.22 | Not needed given lack of tangible financial activity of the charity during initial incubation phase. |
| Details of fund materially in deficit |
Para 1.24 | 0 |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
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 | N/A |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Foundation Model |
| 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 | No new trustees selected or appointed |
| Additional information (optional) You may choose to include further statements |
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 | N/A |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other | N/A |
Reference and Administrative details
| Charity name | The Dime Project |
|---|---|
| Other name the charity uses | Dime |
| Registered charity number | 1192287 |
| Charity’s principal address | Unit 97874, PO Box 6945, London W1A 6US |
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 (if any) |
|---|---|---|---|---|
| Hugo Rayne | Chair | |||
| Arthur Tindsley | Trustee | |||
| Claudia Gwinnutt | Trustee | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
| N/A |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
In terms of operating income & expenditure, the charity has essentially been dormant for its first accounting period – efforts have been non-financial and led by the trustees (e.g. partner outreach, research/development/testing of the donation platform). I hope this form has been completed to the expected standards - I have referenced and followed the Charities SORP (FRSSE) as best as possible. Please contact if any additional information is required.
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) Hugo Rayne Position (eg Secretary, Chair Chair, etc) Date 28.01.2023
| The Dime Project Charity Name |
The Dime Project Charity Name |
The Dime Project Charity Name |
The Dime Project Charity Name |
The Dime Project Charity Name |
1192287 No (if any) |
1192287 No (if any) |
1192287 No (if any) |
CC16a | |
|---|---|---|---|---|---|---|---|---|---|
| For the period from |
12-Nov-20 Period start date |
To | 31-Mar-22 Period end date |
||||||
| Section A Receipts and payments | |||||||||
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | - | - | - | - | - | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | - | ||||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
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| - | |||||||||
| - | - | - | - | - | |||||
| **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 |
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| - | |||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - |
CCXX R1 accounts (SS)
28/01/2023
1
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities Signed by one or two trustees on behalf of all the trustees B4 Assets retained for the charity’s own use |
Signature Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - 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 HugoRayne |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| Current value (optional) |
|||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval | |||
| HugoRayne | 28.01.2023 | ||
CCXX R2 accounts (SS)
28/01/2023
2