THE CUNNINGHAM FAMILY FOUNDATION CHARITY COMMISSION REGISTERED NO. 1196113 STATEMENT OF ACCOUNTS for the year ended 31 October 2023
THE CUNNINGHAM FAMILY FOUNDATION CHARITY INFORMATION Charity numbor. 1196113 Règistered Address Panthera Private offi LLP Aldermary House 10-15 Queen Street London EC4N 1TX Tdephone.. 02038619990 Email: $imon.russell@panther8.co.uk Tru8tges P.M. Cunningham S.J. Russell L.E. Cunningham Chair Bankers Metro Bank One Southampton Row London WC18 SHA Independent Examlnèr K.J. Maggs B.A.. F.C.A. Hoekman Way Spakling PE113HE
THE CUNNINGHAM FAMILY FOUNDATION TRUSTEES REPORT for the year ended 31 October 2023 The Trustees present th8ir report and accounts for th8 year endgj 31 October 2023. Governanca and Management The Scheme - The Cunningham Famity FoundatM)n was established by a Constitution dated 18 August 2021 as amended 18 September 2021. The charity was registered as a Charrtable Incorporated Organisation with the Charty Commission, registered number 1196113 on 11 October 2021. Trustees - The Charity is admlnistered by Trustees and their PQVRTS are determined by the Constitution dated 18 September 2021. The trustees who are also the members and served th8 charity during the period are detailed on Page 1. New truste8$ are appointed by the current trustees from people over 16 who have shown a keen Interest in the work of the charty and have abih'tr'es required on the govemlng body. The board shall ¢onsist of at least three truste8s and at18ast one of the trustees rnust b8 18 years of age or over. When they are inducted the trustees are presented with a current copy of the constitLrtion and latest annual report and financial statements. Rlsk Management- The Trustees have assessed the major risks to which the Charity is exposed, In particular those related to the management of its investments and finances, and arè Satisf that the systems in place sufficiently manage rts exposure to those risks. Trustees, responslbllttles - The Trustees are required to prepare financlal statements for each finanrjal period which give a true and fair view of the state of affairs of the Charty and of its income and expendrture for that period. In preparing those financial statements, the Trust88s are required to.. select sultable accounting polkies arKI appty them consistenty., make judgements and estimate8 that are reasonable and prudent,. 8tata whether applicable acunts.n9 stsndards and stateménts of recommended practice have been followed, subject to any departures disdosed and explained in the financial statements,. prepare the financial statements on the golrKJ Goncem basls unless it is Inappropriate to presume that the Charity wll conts'nue in operation. The trustees are responsible for keeping accounts.ng records which disclose with reasonable accuracy the financial posrtion of the charty and which enable them to ensure that the finanrial statements comply with the Charth'es Act 2011. Objectlves and Actlvltles Objects- The general object of the Trustees is to advance such charitable purposes (accordlng to the law of England and Wales) as the trustees see fft from time to kn'me and in particular, but not limited to, the relief of those in néed, by reason of youth. age. I1health. disability, financial hardship or other disadvarrtage in the United Kingdom and around the world. The Trustees conssder that the objectNes arKI aCtlitIeS of the Charity are in accordance with the Charity Commission's general guidance on public benefrt. Area of Benerrt- This is defined within the Trust Deed as being throughout England and Wales. Grants may be made to individuals arKI organisations which are either registered Charities or Voluntary Bodies. Page 2
THE CUNNINGHAM FAMILY FOUNDATION TRUSTEES REPORT (contlnued) for the year ended 31 October 2023 Summary of Main Achievements and Events The charity granted aid to a number of charities and slmilar organisations during the period. Thes8 grants are detailed wthin the financial statements. A brief explanation of why these organisations have been supported are detailed below. The Llttle Edl Foundatlon is an Essex based nwfit helping children in the UK. The Cunningham Family Foundation provides funding for specific projects of that foundation and also pays the suppliers directty. The charty is registered in England and Wales, charty numbèr 1169242. The foUndatn considers the needs of the most wlnerable children and families. The trustees believe all Children should have equal access to education and learning development. enabling them to reach their full potentlal and bridge the gap b8tw*en chiklren living in povety arKI their Weah1or friends. In order to achiev8 this. they listen to the needs of our local vulnerable families and offer help where necessary to get their children into school wrth whatever they need. The Little Eid Foundation is based in Chelmsford. Essex and they seNé mostly the local community surrounding Mdboume. The charty has sign8d a lease to a local building so that they are able to be present in the heart of the project area arKI more available for their b8n8ficiary families. They are planning to be able to run more projects from this hub for both the children and parents Including cookery classes. debt counselling and kids dubs. 8t Claro Hospl¢e is a local charity, registered as a charity in England and Wales number 1063631 and also registered a$ a company limrted by guarantee, number 2951374. Each year they care for hundreds of peop18 across the West Essex and the East Hertfordshire border. They provide free, compassionate care and support to adults who are livlng with a lrffrlimrtlng Illness, facing the end of life or experiencing bereavemenL Sl Clare Hospice not onty SUPFK)rts those with a fIflimitIng illness. but also offers caring and support for friends, faMilS and carers. induding young people and children. The charity offèrs bereavement support for all those followlng a loved ones death from such illnesses. Hospices aim to provide holistlc. personwcentred care for those who are living wtth an illness that can not be cured. They care for people throughout trlf entire joumey. right from the point of diagnosis, supporting all aspects of an indiNidual's life and wellbeing. The charity has buift on tha fim foundations of their last strategy, "St Clare Hospio 2022+ Strateg which is an ambitious continuation of the key aims and vision. The new strategy looks to strengthen the newly developed areas of listening and partnership. build upon the volunteer-led social support programmes around death. dyirwJ, and loss and extend the reach of their professional education programme. Financlal Revlew Unrestricted Funds currently amount to £90.492, vhwch is available for distribution to wortlNhile causes when suitable applications are reNed. Grant making A Grant Making policy has been adopted by the chanty which helps guide the Trustees to such applications which meet the charitable requirements and offers the Trustees and Applicants guidance for both grant giving and applications thereof. Pag8 3
THE CUNNINGHAM FAMILY FOUNDATION TRUSTEES REPORT (continued) for the year ended 31 October 2023 Reserves The Trustees aim, in pursuing their ObJIs. is to dlstrTbute by way of grants the vhjle of the Charity's incoming reSoUrS available for the purpose wrthin a reasonable time span after such resourGes are recéived. The Trustees see no need to have a res8rve5 policy as such. Any balances avallable at a point in time are du8 to the cut off and awathng confimiation of levels available. Publlc Beneflt The trustees have considered th8 Chanty Commission's guidance on public ben8frt and b8li8ve that the obj8Cts of the trust arKI the aclivities undertaken support this public benefit. The trustees consider Ihat th8 full details of the public benefrt have been displayed within the review of activities and the future development Plannj. Independant Examlnèr A resolution to re-appoint Mr K J Maggs as indepeThlent examiner for thè ensuing year wlll ba proposed at the annual general meeting. BY ORDER OF THE TRUSTEES Qil v P.M. Cunnlng Chair Dated. .Ag.T . fk%F.A4......... Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE THE CUNNINGHAM FAMILY FOUNDATION I report to the trustees on my exarnination of the accounts of the Charity for the year ended 31 October 2023. which are set out on pages 6 to 8. Responslbllltles and basis of Mport As the charty's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Chariti'es Act 2011 (the Acr). I rèport in respect of my examination of the drty'S accounts carried out under section 145 of th8 Act and in carying out my examination I have follow&Y all the applicable Directlons given by the Charity Commission under section 145(5}{b) of the ACL Indépendent examlnèe$ statement I have completed my examination. I confirni that no material matters have come to my attention in connection with tha examination giwng me cause to belh?ve that in any material respect.. aoUntIng records re not kept in respect of the charlty as required by 8ectlon 130 of the Act., or 2. the accounts do not accord wlth those records: or I have no concems and have come across no other mattws in connectlon with the examlnation to which attentlon should be drawn In this report in ordw to enable a proper understanding of the accounts to be reached. J. Charte Spalding countant Page 5
THE CUNNINGHAM FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTIVMES for the year ended 31 Octobor 2023 Unrestrfcted Funds 2023 Total Unrestricted Funds 2022 Total INCOME Grants and donations Gift Aid claimed TOTAL INCOME 1IXI,CKIO 25,000 125,000 100.OLX) 25,000 125,000 50.000 12,500 62,600 12.500 62,500 EXPENDITURE Charitable actlvltles Grants payable: The Little Edi Foundat 30.988 7.536 7,538 Great Ormond Street Hospital St Clare Hospice 2,000 2,000 1,000 31,988 31.988 9.538 9.536 Support costs Legal arKI professlonal fees Independent examinerfs fe88 Bank charge$ 1,465 695 360 1,465 895 360 1,050 1,050 240 240 2,520 34,508 2.520 1,290 10,826 1,290 10,826 TOTAL EXPENDITURE 34,508 NET MOVEMENT IN FUNDS 90.492 90,492 61,674 51,674 Fund balances as at: 1 November 2022 31 Octobor 2023 51.674 142,166 51,674 142.166 51,674 51,674 The notes page 8 fonn part of these actawnts Page 6
THE CUNNINGHAM FAMILY FOUNDATION STATEMENT OF NEf ASSETS At 31 October 2023 2023 2022 CURRENT ASSEts Cash at bank CREDITORS: Amounts falllng due wlthln one year ArKruals and deferred income.. Professional fees Independent examin8rfs fee 142,166 51.674 1.625 715 1.465 895 2.160 NET CURRENT ASSErs 139,826 49,514 TOTAL NET ASSETS 139,826 49.514 INCOME FUNDS Unrestricted 139,828 139 826 49,514 The financial statemènts on pages 6 to 10 were approved by the TftJste on z&.>.T.W4& and slgned on their behaff by.. P.M. Cunnlng Chair S.J. Russell Truste8 Ihe notes on page 8 fom? p8rt of these accounts Page 7
THE CUNNINGHAM FAMILY FOUNDATION NOTES TO THE ACCOUNTS for the year end 31 October 2023 Accountlng Policles The financial statements have been prepared in accordan with the exemptions applicable under the Ststement of RecommerKJed Practice on Accounting by Charrties and the Charities Act 2011. The statements of finanaal a¢tivtties has prepared on a receipts and payments basis. Thè statement of Net Assets show8 the assets of the charrty and any amounts due to or owed by the charity. The statement will not indude any provisions for Ilabilities and charges. The trustees are of the opinion that should any signfficant matters occur prior to the year end, they will be disclosed within the notes of the accounts. Trustees Remuneratlon, Expon889 and Control There have been no remuneration or expenses paid to any of the trustees during the current period. Tha charity decisions are made by the tmstees as a body and are detailed on page 1 of this report. No one trustee or group of trustees has a domlnant control. Related Party Transactlon• All donations have been received from parties connected to the tNstee$. There have been no other related party transaction8 during the current pedod. Page 8