Trustees’ Annual Report for the period
From 1[st] August 2022 Period start date To 2[nd] August 2023 Period end date
Charity name: Little Acorns
Charity registration number: 1199902
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention or relief of poverty anywhere in the world by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. To relieve the poverty of young people by the provision of grants to enable them to participate in healthy recreational &/or educational activities that they could not otherwise afford. For the public benefit to promote the advancement of education (including social and physical training) of people under the age of 25 years in such ways as the charity trustees think fit, including by: - Awarding to such persons scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education. - Providing their education (including the study of music or other arts), to undertake travel in furtherance of that education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment.” |
| 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 |
We have provided monthly financial support to the Future Light Organization, a non- profit organisation, who care for children who are orphaned, abandoned or whose parents are unable to support them. Our main fund raising efforts in this particular financial year was a sponsored |
| walk across part of Cambodia. These funds have been used to fund the above. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | I can confirm that the Trustees have continual regard to the guidance issued by the Charity Commission. We are all current or former practicing & experienced professionals. All Trustees will keep up to date with the requirements and review information contained in the Charity Commission website and additional/relevant information relevant to their responsibilities. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Yes Para 1.38 Policy on grant making n/a Para 1.38 Policy on social investment including program related investment n/a Para 1.38 Contribution made by volunteers n/a 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 | We have provided financial support to the Future Light Organization, an orphanage based in Phnom Penh, Cambodia. Our achievements have included the provision of monthly financial support, such as: - Food, Fire Wood, Electricity, Hygiene Supplies. The funding of blood tests and (where required) vaccinations for new children. |
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 | We have a positive balance of £3,807.86. Consideration is given jointly by all three trustees to ensure we are making the correct decision on grant making and all funds raised are put to good use. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We do not intend to hold on to funds unnecessarily. One of our current objectives is to support the monthly running costs of the Future Light Organization, so we do wish to have several months of funds to cover these costs (so support does not immediately disappear), but apart from that, we will seek to provide prompt and worthwhile support for those organisations we have chosen to support. |
| Amount of reserves held | Para 1.22 | We have not set a minimum reserve to be held, but this is likely to be GBP5,000 during future financial years. |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No concerns. |
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 | So far, funds have been raised/received as follows:- a) A sponsored walk b) Donations from Friends, family & colleagues c) A presentation of our work to interested parties |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | n/a |
| A description of the principal risks facing the charity |
Para 1.46 | We do not see any major risks at present. We will not overstretch ourselves and all three Trustees will discuss, consider and decide together if a grant should be awarded. |
| Other | n/a |
Structure, Governance and Management
| Description of charity’s trusts: |
n/a | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | A Constitution, visible on the Charity Commission website |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | 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 | Little Acorns was established with three Trustees who know each other well and collectively have a passion for philanthropy. They all have slightly different backgrounds and have held different professional and management roles throughout much their careers, which enables us to have a balanced approach and consideration when considering making a grant. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Little Acorns |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1199902 |
| Charity’s principal address | 34 Norwich Crescent Rayleigh Essex SS6 9QR |
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) |
|---|---|---|---|---|
| Matthew Baker | ||||
| Bernard Chant | ||||
| Paul Wilkins | ||||
– 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 n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a 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 adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
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 |
||
|---|---|---|
| Matthew Frederick Baker | ||
Chair |
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| 18thSeptember 2024 | ||
| 18thSeptember 2024 |
Little Acorns No: 1199902 Receipts and payments accounts For the period Period start date Period end date To from 1st August 2022 2nd August 2023
CC16a
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 7,792 1,000 - - - - - - 8,792 - - - 8,792 4,959 - - - - - - - - 4,959 - - - 4,959 3,833 - - 3,833 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 7,792 1,000 - - - - - - 8,792 - - - 8,792 4,959 - - - - - - - - 4,959 - - - 4,959 3,833 |
Last year to the nearest £ |
|
| Charitable Activities | 7,792 | - | ||||
| Donation | 1,000 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
8,792 | - | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
| Regular donations to Future Light Organization, Phnom Penh, Cambodia, to support their day to day running costs |
4,959 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 4,959 | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | ||||||
| 3,833 | - | - | 3,833 | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 3,833 | - | - | 3,833 | - |
CCXX R1 accounts (SS)
18/09/2024
1
| Section B Statement of assets and liabilities at | 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 Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Agreement Error 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 Matthew Frederick Baker |
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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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| Matthew Frederick Baker | 18/09/2024 | ||
CCXX R2 accounts (SS)
18/09/2024
2