Trustees’ Annual Report for the period
From 01 April 2022 Period start date To 31 March 2023 Period end date
Charity name: SAVING DREAMS
Charity registration number: 1193144
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO are: a) the prevention or relief of poverty in the UK, India and Kenya by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent of relieve poverty. b) for the public beneft to relieve the needs of children and young people living in the UK, India and Kenya by the provision of goods,items and services. |
| 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 |
Two main projects during the year were the 1. Mobile Tec Project - Saving Dreams provided smart phones and laptops for some under privileged children to support them with remote studying during the covid19 pandemic outbreak. 2.the Stationary & Care Kit Project. Saving Dreams provided underprivileged children with care kit and stationary boxes supporting them during the pandemic. |
| 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 had regard to the Charity Commission’s guidance on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
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Para 1.38
Contribution made by
volunteers
Other
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Achievements and Performance
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SORP reference
Saving Dreams has helped and supported
hundreds of underprivileged children and their
families during the Covid19 Pandemic in the UK,
India and Nepal. We have supported local food
Summary of the main
Para 1.20 banks with providing general food and hygiene
achievements of the charity,
kits to refugee centres and local community
identifying the difference the
whilst volunteering with the same.
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
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Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Receipts: The receipts are mainly from one donor to the tune of £9,000 (National Lottery). Net spendings were £1,401. Total cash funds is £103. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held to enable the charity to continue to operate should income suddenly reduce or unforeseen expenses occur. |
| Amount of reserves held | Para 1.22 | £100 |
| 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 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission, Association Model Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO with voting members |
| 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 | Elected by members |
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 |
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|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | SAVING DREAMS |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1193144 |
| Charity’s principal address | 46 Hampden Way, London, N14 5DX |
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) |
|---|---|---|---|---|
| Conrad Vince Irudayaraj |
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| Andrea Malam | ||||
| Keith Grenville Alexander |
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| Sharm Malam | ||||
– 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
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and | addresses of advisers (Optional information) | addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser |
Name Address |
|
| Agent | Gerald Gurriet | Venusia Ltd, Apt 316 Wimbledon Central, 21-33 Worple Road, London, SW19 4BJ |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
| SAVING DREAMS | 1193144 | ||
|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||
| For the period from 01/04/2022 |
To | 31/03/2023 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 93 - 620 - - - - - 713 - - - 713 250 2,128 100 136 - - - - 2,614 - - - 2,614 (1,901) - 1,504 (397) |
Restricted funds to the nearest £ - 9,000 - - - - - - 9,000 - - - 9,000 - - - 2,600 4,689 - - 358 120 - 30 - 378 325 - - 8,499 - - - 8,499 501 - - 501 |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 93 9,000 620 - - - - - 9,713 - - - 9,713 250 2,600 4,689 2,128 100 358 120 - 30 136 378 325 - - 11,114 - - - 11,114 (1,401) |
Total funds to the nearest £ 93 9,000 620 - - - - - 9,713 - - - 9,713 250 2,600 4,689 2,128 100 358 120 - 30 136 378 325 - - 11,114 - - - 11,114 (1,401) |
2022 to the nearest £ |
|---|---|---|---|---|---|---|
| Book Sales | 93 | - | ||||
| Donations - Restricted | - | - | ||||
| Donations - Unrestricted | 620 | 7,772 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) | 713 | 7,772 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
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| 7,772 | ||||||
| - | ||||||
| A3 Payments | - | |||||
| Accounting | 250 | - | ||||
| Book PublishingExpenses | - | |||||
| Care Kit | - | |||||
| Donation | 2,128 | 3,500 | ||||
| Fine | 100 | - | ||||
| General Office Costs | 568 | |||||
| Marketing | - | |||||
| Office Equipment | 2,200 | |||||
| Petrol | - | |||||
| Subscription | 136 | - | ||||
| Travel | - | - | ||||
| Website | - | - | ||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 2,614 | 6,268 | ||||
| A4 Asset and investment purchases, (see table) |
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| - | ||||||
| - | ||||||
| **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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| 6,268 | ||||||
| (1,901) | 501 | - | (1,401) | 1,504 | ||
| - | - | - | - | - | ||
| 1,504 | - | - | 1,504 | - | ||
| (397) | 501 | - | 103 | 1,504 |
Section B Statement of assets and liabilities at the end of the period
Categories B1 Cash funds
| Details Current Account Total cash funds |
Unrestricted funds to nearest £ (397) - - (397) |
Restricted funds to nearest £ 501 - - 501 |
Endowment funds to nearest £ |
|---|---|---|---|
| (397) | 501 | - | |
| - | - | - | |
| - | - | - | |
| (397) | 501 | - |
| Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
( g p p y account(s)) Details Details Details Details Signature |
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 Andrea Malam |
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| OK | |||
| Endowment funds to nearest £ |
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| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval | |||
| Andrea Malam | |||