Trustees’ Annual Report for the period
From 01-07-2023 Period start date To: 30-06-2024 Period end date Charity name: Kene Daniel Madueke (KDM) Foundation
Charity registration number: 1199925
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The relief of need of teenagers ages 16-19 in Hertfordshire and surrounding areas diagnosed with cancer or any terminal illness through; 1. The provision of education equipment 2. Financial assistance to teenagers and their families and 3. Funding respite from treatment in the form of memory-making days out” |
| 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 |
1. Sponsored walk fundraising 2. Donations 3. Hosting emotional wellbeing sessions in secondary schools 4. Grants and treatment support 5. Parmiter’s school challenge fundraising |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees had due regard to the guidance issued by the Charity Commission 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 | The second year has seen the charity raise funds through a sponsored charity walk. The charity treated the cancer in patients at University College London Hospital Euston to a pizza lunch in addition to hosting various mental health sessions at secondary schools with the aim of supporting sixth formers with their mental health. The charity provided grants for beneficiaries to buy laptop to aid study whilst undergoing treatment. The charity also paid for additional tuition to support beneficiaries with their studies, in addition to providing grants towards memory making days and days out to ease treatment challenges. |
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 | The Charity raised £16,888 and spent £6,492 on expenses leaving a cash balance of £24,110 which includes cash from last year. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity has no policy for holding reserves. |
| Amount of reserves held | Para 1.22 | Not applicable as above |
| Reasons for holding zero reserves |
Para 1.22 | The charity funds are spent against its objects in the order requests for assistance are received. |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
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 |
Principal source of funds is the Foundations annual charity walk and the Parmiter’s secondary school enterprise challenge for 6thformers. |
|---|---|---|
| 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 | Foundation model constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | A charitable incorporated organisation |
| 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 | Apart from the first charity trustees, every trustee is appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees will have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
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 | Kene Daniel Madueke (KDM) Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1199925 |
| Charity’s principal address | 1 SOUTHGATE ROAD POTTERS BAR HERTFORDSHIRE EN6 5DR |
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 (ifany) |
|---|---|---|---|---|
| Udoka Madueke | Chair | Kene Daniel Madueke (KDM) Foundation |
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| Yvonne Madueke | Kene Daniel Madueke (KDM) Foundation |
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| Alison Millard | Kene Daniel Madueke (KDM) Foundation |
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| Isitoa Uwaechia | Kene Daniel Madueke (KDM) Foundation |
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| Elizabeth Solaru | Kene Daniel Madueke (KDM) Foundation |
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– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets N/A 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) Udy Madueke Full name(s) Udoka Madueke
Position (eg Secretary, Chair Chair, etc)
Date 08/03/2024
| KDM Foundation | KDM Foundation | KDM Foundation | KDM Foundation | CC16a | |
|---|---|---|---|---|---|
| For the period from |
7/1/2023 | To | |||
| Section A Receipts and payments | |||||
| A1 Receipts | 365 10,870 1,941 3,703 - - 16,880 - - - 16,880 520 646 1,038 347 374 617 2,414 535 6,492 - - - 6,492 10,389 - 13,721 24,110 Unrestricted funds to the nearest £ |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
| Donations | 365 | - - - - - - |
365 10,870 1,941 3,703 - - 16,880 |
2,673 | |
| Sponsored walk 2023 fundraising | 10,870 | 9,314 | |||
| Sponsored walk 2024 fundraising | 1,941 | 2,187 | |||
| Parmiters fundraisingevent | 3,703 | 1,652 | |||
| - | - | ||||
| - | - | ||||
| Sub total(Gross income) | 16,880 |
15,826 | |||
| A2 Asset and investment sales (see table) |
|||||
| - | - - - |
- - - |
- | ||
| - | - | ||||
| Sub total | - | - | |||
| Total receipts A3 Payments |
|||||
| - | 16,880 | 15,826 | |||
GoFundMe transaction charges |
- - - - - |
- 520 646 1,038 347 374 617 2,414 535 6,492 |
312 | ||
| T Shirts | 520 | 210 | |||
| Sponsored walk 2023 expenses | 646 | 460 | |||
| Sponsored walk 2024 expenses | 1,038 | 776 | |||
| Liabilityinsurance | 347 | 347 | |||
| Website maintenance | 374 | - | |||
| Laptop | 617 | - | |||
| Grants and treatment support | 2,414 | - | |||
| Other expenses | 535 | - | |||
| Sub total | 6,492 | 2,105 | |||
| A4 Asset and investment purchases (see table) |
|||||
| - | - - - |
- - - |
- | ||
| - | - | ||||
| Sub total | - | - | |||
| Total payments Surplus (Deficit) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| - | 6,492 | 2,105 | |||
| 10,389 | - - - - |
10,389 - 13,721 24,110 |
13,721 | ||
| - | - | ||||
| 13,721 | - | ||||
| 24,110 | 13,721 |
| 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 B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Bank account Details Details Details Laptop Details Signature Udy Madueke Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ Unrestricted funds |
to nearest £ Endowment funds |
|
| 24,110 - - 24,110 |
- | |||
| - | ||||
| - | ||||
| - | ||||
| OK | ||||
| to nearest £ Endowment funds |
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| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
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| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
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| 494 | ||||
| - | ||||
| - | ||||
| When due (optional) |
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| Date of approval |
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| Udy Maduek | 3/10/2025 | |||