Trustees’ Annual Report for the period
From: Period start date 1[st] April 2023 To: Period end date 31[st] March 2024
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 second year of the charity’s existence. Trustee meetings were focused on the development of the charity’s giving strategy, continued efforts into opening of a bank account, and the giving instances that took place through the year. Calls were held and emails exchanged with the organisations we subsequently gave to, Raise and SCL. Raise operates a matching scheme for student donors to the Against Malaria Foundation. Donations to Raise from students are equally matched by donors (or sometimes doubled), offering the students the opportunity to know their giving is going even further. SCL researches protest strategy, seeking to determine the ultimate effectiveness of campaigns depending on tactics implemented by participants. It seeks to transmit these findings to relevant groups on various issues (eg climate). Operations at the CIO continued to be held up by the difficulty in opening a bank account. However, as of May-24, subsequent to period end, a bank account was opened with CAF. |
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 | |
| Para 1.41 |
Investment performance against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Money received in the year has either been invested in Venture funds that seek to enhance the wellbeing of humanity, or given to various causes. The financial position has one asset, the investment held with our current sole Venture Funds manager, Lionheart Ventures. There are no liabilities. |
| 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 | 13 Marlborough Crescent, W4 1HE |
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 |
||
| 03/01/25 | ||
| 03/01/25 |
| THE ARUNDEL FOUNDATION | THE ARUNDEL FOUNDATION | THE ARUNDEL FOUNDATION | 1197029 | |||
|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||||
| For | the period from |
01/04/2023 | To | 31/03/2024 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Restricted funds to the nearest £ 16,535 5,000 40,000 - - - - - 61,535 - - - 61,535 5,000 40,000 - - - - - - - 45,000 16,535 - 16,535 61,535 - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 16,535 5,000 40,000 - - - - - 61,535 - - - 61,535 5,000 40,000 - - - - - - - 45,000 16,535 - 16,535 61,535 - |
Total funds to the nearest £ 16,535 5,000 40,000 - - - - - 61,535 - - - 61,535 5,000 40,000 - - - - - - - 45,000 16,535 - 16,535 61,535 - |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| James Wyatt - Lionheart | - | 102,960 | ||||
| James Wyatt - Raise | - | - | ||||
| James Wyatt - SCL | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
- | 102,960 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 102,960 | ||||||
| Raise | - | - | ||||
| SCL | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | - | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Lionheart Ventures I, LP | - | 102,960 | ||||
| - | ||||||
| **Sub total ** | - | 102,960 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 102,960 | ||||||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - |
CCXX R1 accounts (SS)
03/01/2025
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) 119,495 - - - - - 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 | 03/01/2025 | ||
CCXX R2 accounts (SS)
03/01/2025
2
The Arundel Foundation
31 March 2024
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 2024
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 completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that:
-
Accounting records were not kept in accordance with section 130 of the Act or
-
The accounts do not accord with the accounting records
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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7 [th] January 2025
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