Charity number.. 1196369 Foundation Home Unaudited report and financial statements For the year to 31 December 2024
Foundatlon Home Contents For the year to 31 December 2024 Reference and administrative information Trustees, annual report Independent Examiner's report Statement of financial activities (incorporating an income and expend iture account) Balance Sheet Notes to the financial statements
Foundatlon Home Reference and admlnlstrarlve Informatlon For the year to 31 December 2024 Charlry number Country of registratlon 1196369 England & Wales Registered offlce and operational address 6 Trull Farm Buildings Trull, Tetbury Gloucestershire, GL8 8SQ Trustee5 Trustee5 who served during the year and up to the date of this report were as follows.. Andrew Barnes Retired 31st July 2024 Catherine Mccrohan Retired 31 st July 2024 Rev Niall Weir Retired 31st July 2024 Jon Sopher Appointed 30th July 2024 Dom Hawes Appointed 30th July 2024 Laurent van Bekkum Appointed 30th July 2024 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4TA Unity Trust Bank PO Box 7193 Planetary Road Willenhall WVI 9DG
Foundatlon Home Trustees, annual report For the year to 31 December 2024 The trustees present their unaudited report and the financial statements for year to 31 December 2024. Reference and administrative information set out on page I forms part of this report. The financial 5tatement5 comply with cu rrent Statutory reqLJirement5, the charity'5 trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charitie5.' SORP applicable to charitie5 preparing their accounts in accordance with FRS 102. Objectives and activities Purposes and aims The objects of the CIO are such objects and purposes in any part of the world as are exclusively charitable in accordance with the laws of England and Wales. The Charity has furthered its charitable objects during the year by making grants to various charities from the Charity's income and capital. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activitie5 will contribute to the aims and objectives that have been set. Achievements and performance During this financial year, the Charity continued its charitable activity and incurred minimal costs. The Charity has received pro bono governance, administration and accounting support from The Trust Partnership Ltd. Financial review Over the year to 31 sr December 2024 the foundation received income of £ 5 3,020 of which £ 3,604 (2023 £8,114) was in kind income. Grants in the year amounted to £2,500 12023 £NILI and in kind support costs were £3.508 12023 £8,114). Unrestricted funds at the end of the financial period were £47,040 1202 3 £1241. Fou ndation Home acted as a corporate trustee of an almshouse, The Hopkins and Sneyd Almshouse Charity, between 22nd March 2023 and 15th August 2024 in furtherance of its charitable objects. The trustees are considering the development of funding sources for the future.
Foundatlon Home Trustees, annual report For the year to 31 December 2024 Principal risks and uncertainties The trustees keep u nder review the major operational and strategic risks the Charity face5 and are satisfied that systems have been established to minimise the possible effects of such risks on the Charity. Reserves policy and going concern The trustees intend to keep sufficient liquid funds in reserve to enable the Charity to meet it5 future commitments a5 well as to meet ongoing expenses connected with the administration of the Charity. No commitment5 are entered into which are not fully covered by known incoming resources so the trustees do not target a particular level of reserve. Plans for the future The Charity intends to continue to seek new donors and to develop grantmaking that will efficiently serve the charity sector with a 'donor advised, model. Structure, governance and management The Charity is a charitable incorporated organisation ICIOI registered as a charity on 2 November 2021 in England and Wales. The Charity is governed by a Constitution dated 2 November 2021 . The Constitution provides that there shall be not less than three and not more than five trustees appointed by the trustees. When a new trustee is appointed, they are provided with a copy of the key docu ments and an introduction to the work of the Charity. They are provided with the information they need to fulfil their role as a trustee. Apart from the first trustee5, whose terms of office are set out in the Constitution, trustees are appointed for a term of three years. The trustees are re5pon5ible for the overall management of the Charity, holding trustees, meetings on at least a quarterly basis. The Charity's Constitution allow5 the trustees to meet and conduct meetings virtually. All trustees give their time voluntarily and receive no benefits from the Charity.
Foundatlon Home Trustees, annual report For the year to 31 December 2024 Statement of responsibilities of the trustees Law applicable to charities in England and Wales requires the trustees to prepare financial Statements for each financial year which give a true and fair view of the charity's financial activitie5 during the year and of its fi nancial position at the end of the year. In preparing financial Statements giving a true and fair view. the trustee5 should follow best practice and.. Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time rhe financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 201 l . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may d iffer from legislation in other jurisdictions. The trustees, annual report has been approved by the trustees on 3010912025 signed on their behalf by 2025 and jon 50pher (Sep 30, 2025 07..38..55 GMT+II Jon Sopher Chairman
Foundatlon Home Independent examlner's report For the year to 31 December 2024 Inde endent examlner's re ort to the trustees of Foundatlon Home I report to the charity trustees on my examination of the accounts of Foundation Home Ithe Fou ndationl for the twelve months to 31 st December 2024. Res onsibilities and basis of re As the charity trustees of the Foundation, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Foundation's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commissioll under Section 14515llbl of the Act. ort Inde endent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Foundation as required by Section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accou nts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 86wr Paul Barry Isep 29, 202)r iJf.44.34 GMF+II Paul Barry MAAT ACCA PAB Accounting Solutions 20 Arnolds Way Cirencester Gloucestershire GL7 ITA
Foundation Home Statement of financial activities (incorporating an income and expenditure account) For the year to 31 December 2024 2024 Total 3023 Total Note Income from.. Donations and legacies Other 52.989 31 8,314 Total income 53.020 8,314 Expenditure on.. Charitable activities 6.104 8, 190 Total expenditure 6.104 8, 190 Net movement In funds 46.916 124 Reconciliation of funds.. Total fund5 brought forward 124 Total funds carried fOard 47.040 124 All of the above results are derived from continui ng activities. There were no other recognised gains or losses other than those stated above. All income and expenditu re is unrestricted.
Foundation Home Balance Sheet Charity No 1196369 For the year to 31 December 2024 2024 2023 Note Current assets.. Cash at bank and in hand 47,040 124 47.040 124 Llabilltles: Creditors.. amounts falling due within one year Net current assets 47,040 124 Toral net assets 47,040 124 The funds of the charity.. Unrestricted income funds.. General fund5 47.040 124 Total unrestricted funds 47,040 124 Total charity funds 47,040 124 Approved by the trustees on 3010912025 2025 and signed on their behalf by jon 50phor (Sep 30, 2025 07.'38-55 GMT+ll Trustee
Foundation Home Notes to the financial statements For ihe year 10 31 December 2024 Accounting policies Statutory information Fou ndation Home is a Charitable Incorporated Organisation registered with the Charity Commission for England and Wales. The registered office address is 6 Trull Farm Building, Trull, Tetbury, Gloucestershire, GL8 8SQ. Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fi nancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021- (Charities SORP FRS 1021, The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011 The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure ha5 involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting pol icy or note. In applying the fi nancial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimate5 and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below. Public benefit entiry The charity meets the definition of a public benefit entity under FRS 102. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Foundation Home Notes to the financial statements For the year to 31 December 2024 Accounting policies (continued) e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been mer, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Donailons of glfts. servlces and facllltles Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with rhe Charities SORP IFRS 102), volunteer time is not recognised so refer to the trustees, annual report for more information about their contribution. On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. g) Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. h) Expendlture and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Foundation Home Notes to the financial statements For the year to 31 December 2024 Accounting policies (continued) il Grants payable Grants payable are made to third parties in furtherance of the charity's objects. Single or multi- year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition. or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity. Provision5 for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. J) Allocation of support costs Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead cost5 of the central function, 15 apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity. Governance costs are the costs a550ciated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. kl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 11 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. m) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to Settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. n) Financial in5trumentS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measu red at their Settlement value.
Foundation Home Notes to the financial statements For the year to 31 December 2024 Income from donation5 2024 Total 2023 Toral Gifts Gifts in kind 49,481 3,508 200 8,114 52,989 8,314 All income from donation5 is unrestricted. Analysls of expendlture Charitable Activities Governance Support costs 2024 Total 2023 Total costs Grant making Inote 4) Independent examination laudit fees Operating Expenditure 2.500 2.500 3,508 96 3.604 8,190 3,508 6.104 8,190 Support costs 96 1961 Governance costs (in kind) 3,508 13,508) Total expenditure 2024 6.104 6.104 Total expenditure 2023 8, 190 8, 190 8.190 Other than in kind expend iture, there were no costs and no independent examination fees during the period.
Foundation Home Notes to the financlal statements For the year to 31 December 2024 4 Grant making 2024 2023 Grants to Institutions Holy Ri pon 2,500 Total 2.500 5 Analysis of staff costs. trustee remuneration and expenses. and the cost of key management personnel There are no employees of Foundation Home. The total employee benefits (including pension contributions and employer's national i nsurancel of the key management personnel were £nil 12023.. £niO. The charity trustees were neither paid nor received any other benefits from employment with the charity in the current year or the prior year. No charity trustee received payment for professional or other services supplied to the charity in the current year or prior year. Trustees, expenses represents the payment or reimbursement of travel and subsistence cost5 totalling £nil 12023.- £niO. 6 Related party transactions There were no related party transactions during the period under review. Aggregate donations from related parties were £24.82 8 1202 3 £nill. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
Foundation Home Notes to the financlal statements For the year to 31 December 2024 7 Taxatlon The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 8 Creditors.. amounts falling due within one year 2024 2023 Other creditors