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2023-03-31-accounts

Trustees’ Annual Report for the period

From 9[th] December 2021 Period start date To 31[st] March 2023 Period end date

Charity name: The Arundel Foundation

Charity registration number: 1197029

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The object of the CIO is to advance such
charitable purposes (according to the law of
England and Wales) as the trustees see fit
from time to time.
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		 Provide grants and investments to
organisations we assess as furthering the
wellbeing of humanity.
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 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 This was the first year of the charity’s
existence. We held a couple of trustee
meetings to discuss strategy, and calls with
various Charitable Venture Capital
businesses, with the aim of growing the
capital available to the Charity whilst
concurrently investing in start-up businesses
developing products / services for the
wellbeing of humanity. We made one such
investment (Lionheart Ventures).
Further substantive operations were held up
during the year by our difficulty in opening a
bank account, without which it is difficult for
us to accept money or make grants and
investments. Progress has been made on
this issue at the start of 2023.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
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 All money received in the year has been
invested in Venture Funds that seek to
enhance the wellbeing of humanity.
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 The charity entails a very simple operation
of receiving monies gifted by James Wyatt,
and in turn using this to provide grants or
investments as the Trustee’s deem
appropriate. As such, no reserves have
been deemed necessary.
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 The charity is constituted as a CIO
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
training of trustees		 Para 1.51
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 The Arundel Foundation
Other name the charity uses
Registered charity number 1197029
Charity’s principal address 6 Boyne Terrace Mews, London, W11 3LR

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 (if any)
James Wyatt Chair
Sanjay Joshi
Miceal Canavan
Daniel Wyatt

– 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)

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		 James Wyatt (Signed electronically)
James Wyatt

Chair
21/09/23
21/09/23

THE ARUNDEL FOUNDATION 1197029

Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts
For the period
from		 09/12/2021 To 31/03/2023

CC16a

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
funds
to the nearest £
102,960
-
-
-
-
-
-
-
102,960
-
-
-
102,960
-
-
-
-
-
-
-
-
-
-
102,960
-
102,960
102,960
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
102,960
-
-
-
-
-
-
-
102,960
-
-
-
102,960
-
-
-
-
-
-
-
-
-
-
102,960
-
102,960
102,960
-		 Total funds
to the nearest £
102,960
-
-
-
-
-
-
-
102,960
-
-
-
102,960
-
-
-
-
-
-
-
-
-
-
102,960
-
102,960
102,960
-		 Last year
to the nearest £
James Wyatt - -
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 - -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
- -
- -
- -
- -
- -
- -
- -
- -
- -
**Sub total ** - -
A4 Asset and investment
purchases, (see table)
Lionheart Ventures I, LP -
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
- - - - -
- - - - -
- - - - -
- - - - -

CCXX R1 accounts (SS)

28/10/2023

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period 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
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Lionheart Ventures I, LP
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
102,960
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
James Wyatt		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
James Wyatt 28/09/2023

CCXX R2 accounts (SS)

28/10/2023

2

The Arundel Foundation

31 March 2023

Charity no.: 1197029 Company no.:

I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 March 2023

As the charity’s trustees of the Charity, you are responsible for the preparation of

the accounts in accordance with the requirements of the Charity Act 2011 (“the 2011 Act”).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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27 [th] Oct 2023
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