2024-03-31-accounts - The Dime Project

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Trustees’ Annual Report for the period

From: 1st April 2023 to: 31st March 2024

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	The charity has focused on enhancing our donation platform to better serve other charitable organizations and their beneficiaries. We explored pilot programs and improved the positioning and process so that our partners can effectively utilize the platform. Additionally, we engaged in educational initiatives to raise awareness about the benefits of digital fundraising. We also launched our first fundraising campaign to support these efforts further.

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 expenditure during this accounting period – charity operated in launch phase focused on partner outreach, market research and product development (led by the trustees voluntarily i.e. non-paid).
Amount of reserves held	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	N/A
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	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 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 (ifany)
	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 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

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

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

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) Position (eg Secretary, Chair, etc) Date
	Hugo Rayne
	Chair
	31.01.2025
	31.01.2025

	Charity Name The Dime Project	Charity Name The Dime Project	Charity Name The Dime Project	1192287 No (if any)	CC16a
	For the period from	Period start date 01-Apr-23	To	Period end date 31-Mar-24

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 £
Fundraising	502	-	-	502	789
*Sub total*(Gross income for AR)	502	-	-	502	789

A2 Asset and investment sales, (see table).
	-			-	-
*Sub total*	-			-	-
*Total receipts* A3 Payments
					789

	-	-	-	-	-
**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*
					-

	502			502	789
	-			-	-
	789			789	-
	1 291			1 291	789

CCXX R1 accounts (SS)

Section B Statement of assets and liabilities at	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	Details Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Fundraising Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 1 291 - 1 291 - 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) - Hugo Rayne Print Name	Endowment funds to nearest £
			-
			-
			OK
			Endowment funds to nearest £
			-
			Current value (optional)
			-
			Current value (optional)
			-
			-
			When due (optional)

			Date of approval
		Hugo Rayne	31-Jan-25

CCXX R2 accounts (SS)