2021-12-31-accounts - Poverty Pound

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year 13 Novemb 2020 31 December 2021 From er To

Section A Reference and administration details

Charity name Poverty Pound Other names charity is known by Registered charity number (if any) 1192332 Charity's principal address Harlow, Essex

Registered charity number (if any) 1192332

Postcode

Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Bharat Thakrar
2 Anoupama Ritoo
3 Jaikishan Patel
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

CIO Foundation Constitution

(eg. trust deed, constitution)

CIO Foundation Constitution How the charity is constituted

(eg. trust, association, company)

Trustees are appointed or reappointed annually Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

March 2012

TAR

Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public beneft in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public beneft)	The prevention or relief of poverty and fnancial hardship for the beneft of the public through: • Providing or assisting in the provision of items or services to individuals or communities in poverty • Raising awareness of poverty and fnancial hardship by educating and informing the wider community on poverty and the impact it has in the UK and globally. This will be done using a range of diference approaches for example (but not limited to) social media platforms, social and fundraising events that the charity organise to raise donations and through the website for Poverty Pound. • Organising charity fundraisers to raise money through donations. The money raised will be used to provide essential items and aid those in poverty. • Adapting to the ever changing social and economic climate and address the needs of the community at that relevant time.
	At the forefront of our planning was the importance of public beneft and helping reach out to those that need our support. The tagline and our USP is: Unite. Support. Provide. The message is simple and clear that we should all unite to help tackle poverty in society. The support and donations will help us achieve our objectives and reach out and aid more people that need help. We will be able to provide support and improve the lives of others. Due to the pandemic, we were unable to carry out public fundraising events, so instead like many others, we focused our eforts on online fundraising events. During the tough period, we found this to be useful and benefcial for people to come together and be more positive. It helped us to raise awareness of the new charity and raise donations for the cause. With the funds raised, we were able to provide food hampers to families in the local community. The families were referred based on their fnancial backgrounds, needs and circumstances. Throughout the year, Poverty Pound would also be contacted with specifc requests for food hampers. Throughout, we would source the items ourselves, collate, pack and distribute. Being a new startup Charity in the tough times, it has been hard to raise funds as our sole income is through donations. However, as a team we have persevered and have plans for 2021. The frst main focus will be a Winter campaign for those livening below the line, struggling or homeless.

Summary of the objects
of the charity set out in
its governing document
Summary of the main
activities undertaken for
the public beneft in
relation to these objects
(include within this
section the statutory
declaration that trustees
have had regard to the
guidance issued by the
Charity Commission on
public beneft)

The prevention or relief of poverty and fnancial hardship for the
beneft of the public through:
• Providing or assisting in the provision of items or services to
individuals or communities in poverty
• Raising awareness of poverty and fnancial hardship by
educating and informing the wider community on poverty and
the impact it has in the UK and globally. This will be done using a
range of diference approaches for example (but not limited to)
social media platforms, social and fundraising events that the
charity organise to raise donations and through the website for
Poverty Pound.
• Organising charity fundraisers to raise money through
donations. The money raised will be used to provide essential
items and aid those in poverty.
• Adapting to the ever changing social and economic climate
and address the needs of the community at that relevant time.

At the forefront of our planning was the importance of public
beneft and helping reach out to those that need our support.
The tagline and our USP is: Unite. Support. Provide. The message
is simple and clear that we should all unite to help tackle
poverty in society. The support and donations will help us
achieve our objectives and reach out and aid more people that
need help. We will be able to provide support and improve the
lives of others.
Due to the pandemic, we were unable to carry out public
fundraising events, so instead like many others, we focused our
eforts on online fundraising events. During the tough period, we
found this to be useful and benefcial for people to come
together and be more positive. It helped us to raise awareness of
the new charity and raise donations for the cause.
With the funds raised, we were able to provide food hampers to
families in the local community. The families were referred based
on their fnancial backgrounds, needs and circumstances.
Throughout the year, Poverty Pound would also be contacted
with specifc requests for food hampers.
Throughout, we would source the items ourselves, collate, pack
and distribute.
Being a new startup Charity in the tough times, it has been hard
to raise funds as our sole income is through donations. However,
as a team we have persevered and have plans for 2021. The frst
main focus will be a Winter campaign for those livening below
the line, struggling or homeless.

Additional details of objectives and activities (Optional information)

March 2012

TAR

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

As mentioned previously, we did fundraising events online. To be able to bring the community together and celebrate a function from our homes (a function that would usually be celebrated in person but not possible this year due COVID restrictions) was good as it created a positive atmosphere and people could enjoy being together again albeit virtually.

It gave people a chance to dress up and generally feel good. It was also a great chance to spread the word and raise awareness of Poverty Pound and also the key issues/struggles facing many individuals and families. During these online events, we were able to show the work we have undertaken as well as raising donations throughout the online events.

As a Charity, Poverty Pound hopes to not only reach out to those living below the poverty line or homeless but also the important element of raising awareness of the issues we are faced with. Sadly, with the current economic climate and uncertainty, many are faced with uncertain times ahead.

With the generous donations received throughout, we were able to distribute food hampers to the local community. Throughout the year, Poverty Pound would also be contacted with specific requests for food hampers which were happy to provide.

Poverty Pound was also approached by a local school to provide toiletries hampers. As a Charity we believe it is important to listen to the needs of society and it was clear when speaking with the Headteacher the real need was toiletries. The families we supported were from low income and struggled with the basic essential items. As a result we sourced and provide items such as deodorants, shampoo,

March 2012

TAR

Section D Achievements and performance

toilet roll, washing detergents to name a few.

Section E Financial review

Brief statement of the charity’s policy on reserves

The funds as at 31.12.21 will be used for the year ahead in reaching out and supporting more people who need help and support. One of our key aims is to do a Winter Warmer campaign where we distribute items such as sleeping bags, gloves, scarves, hats etc.

As a new Charity, we solely rely on generous donations by individuals and must effectively spread out the funds to be used in reaching out to as many people as possible.

Details of any funds materially in deficit

Further financial review details (Optional information)

March 2012

TAR

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) BThakrar Full name(s) Bharat Thakrar Position (eg Secretary, Chair Chair, etc) Date 28.10.22

March 2012

TAR

Charity Name Poverty Pound

Receipts and payments acco

Period start date

For the period To from

13.11.2020

Section A Receipts and payments

Unrestricted funds

to the nearest

Restricted Endowment funds funds

to the nearest £ to the nearest £

A1 Receipts

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Donations 2,683 - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
2,683 - -
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total [ - ] - -
Total receipts 2,683 - -
A3 Payments
Expenditure 1,069 - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Sub total 1,069 - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 1,069 - -
Net of receipts/(payments) 1,614 - -
A5 Transfers between funds - - -
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A6 Cash funds last year end - - - Cash funds this year end 1,614 - -

Section B Statement of assets and liabilities at the end of

Categories B1 Cash funds

B2 Other monetary assets

Unrestricted Details funds to nearest £ Cash at Bank 1,614 - - Total cash funds 1,614 (agree balances with receipts and payments account(s)) OK Unrestricted funds Details to nearest £ - - - - - -

B3 Investment assets B4 Assets retained for the charity’s own use

Fund to which asset belongs

Details

Fund to which Details asset belongs Fund to which Details liability relates

B5 Liabilities

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

	Signature Print	N
	BThakrar Bharat	T

o (if any)

ounts

CC16a

Period end date 31.12.2021

Total funds Last year

to the nearest £ to the nearest £

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2,683 -
- -
- -
- -
- -
- -
- -
- -
2,683 -
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-
- -
- -
2,683 -
1,069 -
- -
- -
- -
- -
- -
- -
- -
- -
1,069 -
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-
-
- -
1,069 -
1,614 -
- -
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- -
1,614 -
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the period

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Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
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Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
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-
-
-
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Date of
Name
approval
Thakrar 28.10.22
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