Trustees’ Annual Report for the period
From 01 April 2023 Period start date To 31 May 2024 Period end date
Charity name: The Quamina Osei-Tutu Foundation
Charity registration number: 1194142
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity’s purpose is for the advancement of education for children and young adults and the relief of sickness for the public benefit The children and young adults between the ages of 4 – 18 that will be helped will be any country but initially focusing on Ghana and Trinidad & Tobago To advance such charitable purposes as the trustees see fit from time to time in particular but not limited to advancing the education of children and young adults by making grants and awards to students in full time education or providing them with medicine or healthcare treatments that they may otherwise not benefit from. |
| 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 |
The foundation was set up during the year and received initial donations. The main activities started after the period end and as such Trustees have nothing to report. Trustees have had due regard to the Charity Commission’s guidance on public benefit, as required by the Section 17(5) of the Charities Act and the Charities (Accounts and Reports) Regulations 2008. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Grant Making Policy
| Policy on grant making | Para 1.38 | The trustees apply the funds of The Quamini Osei-Tutu Foundation at their discretion and in accordance with the charitable purposes and objective of the charity. Trustees will consider the distribution of beneficial grants and make a decision in accordance with the charitable purposes and objectives. The trustees are content to work in partnership with other grant making bodies where funding of an entire project is beyond the scope of any single organisation. |
|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
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 Foundation has been set up and at the end of the reporting year has started to gather its first donations. Therefore, there are no achievements of note during this reporting year. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Income received £600 |
| 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 | |
| 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 | |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | |
| 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 |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | THE QUAMINA OSEI-TUTU FOUNDATION |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1194142 |
| Charity’s principal address | |
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) |
|---|---|---|---|---|
| Alvin Osei-Tutu | 18 February 2021 | |||
| Marisa Segbefia | 26 May 2023 | |||
| Latoya Osei-Tutu | 18 February 2021 | |||
– 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 None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None 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)
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 |
||
|---|---|---|
| Accountants For Good Ltd | ||
Accountant |
||
| 04/11/2024 | ||
| 04/11/2024 |