## **Trustees’ Annual Report for the period** ## **From 01/04/2023 Period start date To 31/03/2024 Period end date** ## **Charity name: VC FOUNDATION** ## **Charity registration number: 1193142** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To further such charitable purposes**
**(charitable under English law) as the**
**trustees see fit from time to time for the**
**public benefit by making grants to**
**individuals, to registered, excepted and**
**exempt charities and to other**
**organisations.**| |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|**We are committed to helping**
**disadvantaged and underprivileged**
**children in poverty-stricken areas**
**around the globe. Our main goals are to**
**tackle child poverty, support education**
**and build child futures. Funded by the**
**fashion world, our mission statement is**
**to - take from fashion to brighten**
**futures.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have complied with their**
**duty to have due regard to the**
**commission's public benefit guidance**
**when exercising any powers or duties to**
**which the guidance is relevant**| ## **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|**Illuminating Hope: Mind The Gap**
**Animation Ad Project**
**In collaboration with Mind The Gap**
**Africa, V&C Foundation embarked on a**
**transformative journey to shed light on**
**the challenges faced by abandoned and**
**orphaned children in Zimbabwe. Tasked**
**with creating an animation for**
**fundraising promotion, we embarked on**
**a creative odyssey.**
**Zimbabwe’s government restrictions**
**made it difficult to portray the true**
**severity of child abandonment and**
**abuse, limiting the charity’s ability to**
**garner international support and**
**funding. Our innovative approach**
**captured the essence of the issue**
**without graphically depicting it, paving**
**the way for increased fundraising**
**opportunities. This animation now**
**serves as a beacon of hope, igniting**
**awareness and crucial support for Mind**
**The Gap Africa’s mission.**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**We received donations for £6950 in new**
**clothing and donated the same amount**
**in clothing accordingly**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **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|
**From a related company Vision et**
**Consilium Ltd and Eli and Amalia Ltd**| |---|---|---| |Investment policy and
objectives including any|Para 1.46|**We are actively seeking new investors**
**as we are a small company and our aim**
**remains to provide brand new clothing**
**for child poverty areas**| social investment policy adopted A description of the principal risks facing the charity Para 1.46 Other ## **Reference and Administrative details** |Charity name|VC FOUNDATION| |---|---| |Other name the charity uses|| |Registered charitynumber|1193142| |Charity’s principal address|Unit 201 Avro House, 7 Havelock Terrace
LONDON SW8 4AS| ## **Names of the charity trustees who manage the charity** |1
2
2|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Fabio Jesus D’Elia|||| ||Raymond
Pountney|||| ||Marco Martin
Russo|||| – Corporate trustees names of the directors at the date the report was approved **Director name Fabio Jesus DElia** **Funds held as custodian trustees on behalf of others** Description of the assets **This charity does not own and/or lease land or** held in this capacity **property or assets other then office fixtures and furnitures** ## **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)** Fabio Jesus D’Elia **Position (eg Secretary,** Chair **Chair, etc)** **Date** 31/07/24 |**V&CFOUNDATION**||**No (if any)**||| |---|---|---|---|---| |**Charity number: 1193142**||||| |**Receipts andpayments accounts**||||**CC16a**| |01/04/2023
Period start date
**For the period**
**from**|**To**|31/03/2024
Period end date||| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**|**Restricted**
**funds**
**to the nearest £**
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**-**|**Endowment**
**funds**
**to the nearest £**
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**-**|**Total funds**
**to the nearest £**
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**-**||**Last year**
**to the nearest £**| |VISION ET CONSILIUM LTD|**-**|||||**-**| |||||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**-**|||||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**-**| |||||||| |START UP COSTS|**-**|||||**-**| |DONATIONS MADE MIND THE GAP
AFRICA|**-**|||||**-**| |RUNNING COSTS|**-**|||||**-**| |||||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_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_**||||||| |||||||**-**| |||||||| ||**-**|**-**|**-**|
**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| CCXX R1 accounts (SS) 17/12/2024 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
START UP FEES
**Details**
**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
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**Fund to which**
**asset belongs**
**Cost (optional)**
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**Fund to which**
**asset belongs**
**Cost (optional)**
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**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**5,808**
**-**
**-**
**-**
**-**
Print Name
FABIO JESUS D'ELIA|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||**ASAP**| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||FABIO JESUS D'ELIA|31/07/2024| ||||| CCXX R2 accounts (SS) 17/12/2024 2