Trustees’ Annual Report for the period
From 01/07/21 (Period start date) To 30/06/22 (Period end date)
Charity name: The Red-Inc Foundation
Charity registration number: 1195974
Objectives and Activities
| Objectives and Activities | ||
|---|---|---|
| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To provide grants and donations for such charitable purposes, for the public benefit, that promote the protection of natural resources; the protection of indigenous lands and the protection of biodiversity, endangered habitats and animal species. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with [section 7 of the Charities and Trustee Investment (Scotland) Act 2005] and [section 2 of the Charities Act (Northern Ireland) 2008] |
| 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 Red-Inc foundation is a Charitable Incorporated Organisation that supports rainforest protection, tree planting and conservation initiatives across the globe. Through our strong network of charity partners, we supply grants to conservation and reforestation programmes that fully support biodiversity and create significant environmental, economic and social benefit. In line with our PlantOneProtectOne initiative Red-Inc ltd make donations to the Red-Inc Foundation to protect rainforests and plant trees for every box of paper sold. All income is generated through the business - Red-Incorporated ltd, a UK company (registration number 06689322). All donations will be received through bank transfer. As this is solely a grant making charity we will have no expenses.. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Red-Inc Foundation can confirm that our charity trustees ‘have regard’ to the commission's public benefit guidance ‘when exercising any powers or duties to which the guidance is relevant’. All trustees are aware of the guidance, they take it into account when |
making a decision to which the guidance is relevant and if they have decided to depart from the guidance, they understand they must have good reasons for doing so.
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 Para 1.38 Contribution made by volunteers 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 | Achievements by donations to the following charities: Rainforest Trust UK: The Red-Inc Foundation has donated funds that has protected 558 acres of rainforest through the Climate Action Fund. This stores approximately 94,860 tonnes CO2e from being released into the atmosphere by protecting these areas. Trees For Cities: The Red-Inc Foundation has donated funds that has planted 67 native trees in London. These trees are planted and nurtured to maturity by volunteers. Eden Reforestation Projects: The Red-Inc Foundation has donated funds that has planted 6,665 trees in Madagascar. These mangrove trees are planted by locals who are paid a fair wage. Scientific studies have shown that Mangroves sequester carbon at a rate two to four times greater than mature tropical forests, and contain the highest carbon density of all terrestrial ecosystems. This is because of the large amounts of biomass stored underground in the extensive root system. Mangroves are also key part of coastal ecosystems, and renowned for an array of ecosystem services, including fisheries and fibre production, sediment regulation, and storm/tsunami protection. |
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 Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has no debts and is up to date with all donations |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We do not hold reserves |
| Amount of reserves held | Para 1.22 | n/a |
| Reasons for holding zero reserves |
Para 1.22 | We are a grant making charity with no overheads. Our expenditure will always match our donations |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| 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 where relevant about:
The charity’s principal sources of funds (including any Para 1.47 fundraising) Investment policy and objectives including any social Para 1.46 investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: | The Red-Inc Foundation is a grant making charity |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution for an association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| 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 | All trustees were approached and asked if they would act as trustees |
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 Red-Inc Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1195974 |
| Charity’s principal address | 20 the Faroes, Littlehampton, BN17 6SB |
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) |
|---|---|---|---|---|
| Adam Huttly | ||||
| Jade Page | ||||
| Julia Mockler | ||||
– Corporate trustees names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Adam Huttly | 19/05/23 | |
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 n/a in this capacity Name and objects of the charity n/a 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)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Treasurer | Amy Wise | 20 the Faroes , BN176SB |
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
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 |
||
|---|---|---|
| Adam Huttly | ||
Trustee |
||
| 19/05/23 | ||
| 19/05/23 |
The Red-Inc Foundation 1195974 Receipts and payments accounts CC16a For the period 29/09/2021 30/06/2022 To from
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 2,007 520 - - - - - - 2,527 - - - 2,527 1,833 558 - - - - - - - 2,391 - - - 2,391 136 - - 136 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 2,007 520 - - - - - - 2,527 - - - 2,527 1,833 558 - - - - - - - 2,391 - - - 2,391 136 |
Last year to the nearest £ |
|
| Plant oneprotect one | 2,007 | - | ||||
| Other misc | 520 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
2,527 | - | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
Plant one Protect one schemes |
1,833 | - | ||||
| Other misc | 558 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 2,391 | - | ||||
| 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 |
||||||
| - | ||||||
| 136 | - | 136 | - | |||
| - | - | - | - | |||
| - | - | - | - | |||
| 136 | - | 136 | - |
CCXX R1 accounts (SS)
19/05/2023
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 Details Bank a/c Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 136 - - - - - 136 - 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 |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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CCXX R2 accounts (SS)
19/05/2023
2