TRUSTEES’ REPORT for Basketball Power Foundation Charity No 1197169
The Trustees present their report together with the financial statements of the Charity for the year ended 5 April 2024.
Constitution & Objects
The Trustees hold the funds of the Charity on trust to pay or apply the whole thereof to or towards or for the benefit of or in furtherance of such charitable purposes, institutions or foundations in the United Kingdom or elsewhere, and in such manner and proportions as the Trustees may from time to time in their absolute and uncontrolled discretion determine.
Organisation
The Trustees who have served during the year and since the year end are Alina Allanson, Jordanas Mejeras and Klavdiia Dickson. The Board of Trustees have the power to appoint additional trustees at their discretion.
Donation & Grant Making Policy
The donations policy of the Trustees is to sponsor developments in sports education and social welfare. Grants will also be made to fund projects to relieve distress and to promote the welfare the young.
The charity is particularly concerned with the funding of projects that are new and may require a number of years to establish. In such cases the grant making activity will be related to the development phases of these projects.
The accounts
The Statement of Financial Activities (SoFA) reports the main charitable activities undertaken separately from the governance costs of the charity. Investment management costs are charged against endowment and unrestricted funds (SORP 2005 paragraph 187).
Risk Management
Investments are held in UK Equities selected by the Trustees based on their assessment of the risk in terms of capital and income the Trust is prepared to accept in order to generate sufficient capital growth and income to achieve its objectives.
The annual report was approved by the trustees of the charity on 2[nd] December 2024 and signed on its behalf by:
Alina Allanson
Trustee
Basketball Power Foundation
1197169
Receipts and payments accounts CC16a
For the period 06/04/2023 To 05/04/2024 from
Section A Receipts and payments
| Unrestricted funds |
Restricted funds |
Endowment funds |
Endowment funds |
Total funds | Last year | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| to the nearest £ |
to the nearest | £ | to the nearest | £ | to the nearest £ | to the nearest | £ | |||||||
| A1 | Receipts | |||||||||||||
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| Sub total(Gross income for | ||||||||||||||
| AR) | - | - | - | - | - | |||||||||
| A1 Receipts | Unrestricted funds to the nearest £ - - - - - - - - - |
Restricted funds to the nearest £ - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ - - - - - - - - - |
Total funds to the nearest £ - - - - - - - - - |
Last year to the nearest £ |
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| Sub total(Gross income for AR) |
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| A2 Asset and investment sales, (see table). |
- - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - |
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| Sub total | - | - | - | |||
| Total receipts A3 Payments |
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| **Sub total ** | - | - | - | |||
| A4 Asset and investment purchases, (see table) |
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| **Sub total ** | - | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
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| - | - | - | - |
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- | - | ||
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| - | - | - | - | - |
CCXX R1 accounts (SS)
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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Details 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) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Alina Allanson |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| Current value (optional) |
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| - | |||
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| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| Alina Allanson | 03/12/2024 | ||
CCXX R2 accounts (SS)
2