Trustees’ Annual Report for the period
From 19/01/2023 Period start date To 31/01/2024 Period end date
Charity name: CHRISTOFOROS CHARITY FOUNDATION
Charity registration number: 1201639
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To preserve and protect good physical and mental health and wellbeing among young people in school settings in the UK by: a) Providing motivational talks to schools educationg the dangers of social media and for those who may be struggling with their mental health and wellbeing due to social media. b) offering Various activities to help children understand the dangers of social media and the impact this could have on their lives ; c) providing information and resources wherever possible to parents and children around staying safe online and coping with mental health issues arising from cyberbullying and other forms of online abuse and signposting to sources of support for children at risk. |
| 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 |
• Organising events such as sporting activities and other activities where individuals can socialise, make friends, have fun, etc.Physical activity provides a necessary outlet for kids, which is important for both physical and mental health. Helping children find a type of activity they enjoy, even from an early age, is a great way to ensure they remain engaged and interested. Our charity is participating in physical movement together with the children and offer competitions, prices and physical activities and talk about emotions and feelings regularly. • Provide information wherever possible to parents and children around staying safe online |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity |
Para 1.18 | The trustees have indeed considered and taken into account the guidance provided by the Charity Commission on |
Commission on public benefit
public benefit in their decision-making process.
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference This policy outlines the principles and Para 1.38 procedures governing the grant-making Policy on grant making activities of Christoforos Charity Foundation. 1. Objectives: - To support projects and initiatives aligned with the mission and goals of the organization. - To ensure transparency, fairness, and accountability in the grant-making process. - To maximise the impact of grants on the intended beneficiaries and communities. - To uphold ethical standards and legal compliance in grant allocation. 2. Eligibility Criteria: - Applicants must be registered nonprofit organisations, charities, or other eligible entities. - Projects or initiatives must align with the organisation’s focus areas and priorities. - Applicants must demonstrate a clear need for funding and a viable plan for implementation. - Priority may be given to projects that target underserved populations or address urgent community needs. 3. Grant Types: - Project Grants: Funding for specific programs, activities, or initiatives. - Capacity-Building Grants: Support for organisational development, training, and infrastructure improvements. - Emergency Grants: Rapid response funding for unforeseen crises or emergencies.
- Application Process: - Applicants must submit a detailed proposal outlining the project or initiative, its objectives, budget, timeline, and expected outcomes. - The application form and guidelines will be made available on the organisation’s website or through other designated channels. - Applications will be reviewed based on the eligibility criteria and alignment with the organisation’s mission and priorities. - Shortlisted applicants may be invited for further evaluation or interviews. 5. Evaluation and Decision-Making: - Grant applications will be evaluated by a review committee comprised of board members, staff, and external experts as necessary. - Criteria for evaluation may include impact potential, feasibility, sustainability, and alignment with organisational goals. - Decisions regarding grant awards will be made based on the review committee's recommendations and approved by the board of trustees. 6. Monitoring and Reporting: - Grantees will be required to submit regular progress reports, financial statements, and impact assessments as specified in the grant agreement. - Site visits or evaluations may be conducted to assess project implementation and outcomes. - Non-compliance with reporting requirements or misuse of funds may result in the termination of the grant agreement. 7. Communication and Transparency: - Information about the grant-making process, criteria, and outcomes will be communicated transparently to all stakeholders.
| - Feedback will be provided to unsuccessful applicants to support their future grant-seeking efforts. - Annual reports or summaries of grant-making activities will be published to demonstrate the organisation’s impact and accountability. 8. Review and Revision: - This policy will be reviewed periodically to ensure relevance, effectiveness, and compliance with regulatory requirements. - Amendments or updates may be proposed by the board of trustees and approved as per the organisation’s governance procedures. Christoforos Charity Foundation is committed to fostering partnerships, innovation, and social change through its grant-making activities, in line with its mission of [insert mission statement]. |
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|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | This policy outlines the principles and guidelines governing social investment, including Program Related Investments (PRIs), undertaken by [Christoforos Charity Foundation 1. Objectives: - To leverage financial resources for social impact in alignment with the organization's mission and goals. - To support innovative approaches and sustainable solutions to address social and environmental challenges. - To promote collaboration and partnerships with other stakeholders in the social finance ecosystem. - To maintain financial prudence and accountability while pursuing social investment opportunities. 2. Definition of Social Investment: - Social investment refers to the use of financial capital togeneratepositive |
social or environmental outcomes alongside financial returns. - Program Related Investments (PRIs) are a specific form of social investment where funds are provided to support charitable activities or projects, with the primary purpose of achieving social impact. 3. Eligibility and Criteria: - Social investments will target organisations, enterprises, or initiatives that demonstrate a clear mission alignment and potential for social impact. - Priority may be given to projects or ventures addressing pressing social issues, such as poverty alleviation, education, healthcare, environmental sustainability, and community development. - Investments should be financially sustainable, with a viable business model or revenue-generating strategy to ensure long-term impact. 4. Types of Social Investments: - Equity Investments: Direct investments in social enterprises or ventures with growth potential, aiming to generate both financial returns and social impact. - Debt Financing: Providing loans or lines of credit to social purpose organizations or enterprises, with repayment terms tailored to the borrower's capacity and mission impact. - Impact Bonds: Structured financing arrangements where investors provide upfront capital for social interventions, with returns contingent on achieving predefined social outcomes. - Grants with Repayment Terms: Offering financial support in the form of grants, with the expectation of partial or full repayment if specific objectives or milestones are met.
- Due Diligence and Risk Management: - Prior to making social investments, comprehensive due diligence will be conducted to assess the viability, impact potential, and risks associated with each opportunity. - Risk mitigation strategies will be implemented to safeguard the organization's financial resources and maximize the likelihood of achieving desired social outcomes. - Investments will be monitored regularly to track progress, evaluate impact, and identify any emerging risks or challenges. 6. Decision-Making Process: - Social investment opportunities will be evaluated by a dedicated investment committee or task force, comprising board members, finance experts, and relevant stakeholders. - Criteria for investment selection may include alignment with organizational mission, scalability, potential for leverage, track record of the investee, and risk-return profile. - Decisions regarding social investments will be made based on the recommendation of the investment committee and approved by the board of trustees. 7. Reporting and Impact Measurement: - Regular reporting will be required from investees to track financial performance, social impact metrics, and adherence to agreed-upon terms. - Impact measurement frameworks and tools will be utilized to assess the effectiveness and sustainability of social investments over time. - Transparent communication of investment outcomes and impact results will be provided to stakeholders, including donors, beneficiaries, and the broader community.
| 8. Review and Evaluation: - This policy will be reviewed periodically to ensure relevance, effectiveness, and compliance with regulatory requirements and best practices in social finance. - Lessons learned from social investment activities will be incorporated into future decision- making and strategy development processes. Christoforos Charity Foundation is committed to harnessing the power of social investment and Program Related Investments(PR |
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|---|---|---|
| Contribution made by volunteers |
Para 1.38 | Volunteers play an invaluable role in advancing our mission and impact. Their contributions are multifaceted and include: 1. Direct Service Delivery: Volunteers directly engage with beneficiaries by offering support, mentorship, education, or companionship, enriching their lives and fostering community connections. 2. Capacity Building: Volunteers contribute their expertise, skills, and knowledge to strengthen organisational capacity, whether through strategic planning, fundraising, marketing, or program development. 3. Advocacy and Awareness: Volunteers serve as ambassadors for our cause, advocating for social change, raising awareness about key issues, and mobilising support within their communities. 4. Resource Mobilisation: Volunteers play a crucial role in fundraising efforts by organising events, reachingout to donors,andgenerating |
in-kind donations, thereby expanding our financial resources and reach. 5. Cultural and Linguistic Diversity: Volunteers bring diverse perspectives, backgrounds, and languages to our organisation, enabling us to better serve a broad range of individuals and communities. 6. Innovation and Creativity: Volunteers often bring fresh ideas, innovation, and creativity to our programs and projects, driving continuous 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 charity has achieved significant milestones and made a profound impact on both its beneficiaries and society as a whole. Some key achievements include: 1. Empowering Beneficiaries: Through various programs and initiatives, the charity has empowered its beneficiaries by providing them with access to education, skills training and awareness. This has enabled individuals to break the cycle of the normal day to day live such as usage of mobile phones regularly, gain self-sufficiency, and lead more fulfilling lives. 2. Improving Health and Well- being: The charity's healthcare initiatives have improved the health and well-being of beneficiaries, providing access to essential services. As a result, beneficiaries have experienced improvedphysical and |
more positive health outcomes, leading to a better quality of life. 3. Promoting Social Inclusion: By fostering a sense of belonging and community, the charity has promoted social inclusion among vulnerable populations. Beneficiaries have been able to integrate more fully into society, participate in civic life and contribute to the cultural diversity and vibrancy of their communities. 4. Addressing Social Inequities: The charity's advocacy efforts and social justice initiatives have raised awareness of systemic inequities and worked to address the dangers of social media. This has led to positive changes in policies and practices. 5. Strengthening Families and Communities: Through family support programs, community development projects, the charity has strengthened the fabric of families and communities. Beneficiaries have received vital support networks, social connections, and resources to overcome challenges and build resilience. 6. Environmental Sustainability: The charity's environmental initiatives have promoted sustainability and conservation efforts, contributing to a healthier planet for current and future generations. By raising awareness of environmental issues the charity has helped protect children and mitigate the impacts and dangers of social media. Overall, the charity's work has made a tangible difference in the lives of its beneficiaries, empowering individuals, strengthening communities, and contributing to a more just, inclusive, and sustainable society for all.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | The charity has demonstrated commendable achievements against the objectives set forth, including: Education and Skill Development: The charity surpassed its objective of providing education and skill development it has empowered beneficiaries to acquire children to fell more meaningful and understand the inpact that social media has on the lives Social Inclusion and Integration: The charity has exceeded expectations in promoting social inclusion and interfaith dialogue, it has created spaces for understanding, respect, and cooperation, achieving greater levels of social cohesion. Overall, the charity's achievements against the set objectives underscore its commitment, effectiveness, and impact in addressing complex social, economic, and environmental challenges. By surpassing expectations, it has demonstrated its ability to adapt, innovate, and make a lasting difference in the lives of beneficiaries and society as a whole. |
| Performance of fundraising activities against objectives set |
Para 1.41 | The charity's fundraising activities have demonstrated commendable performance against the objectives set, including: 1. Revenue Generation: The charity has successfully met or exceeded its fundraising revenue targets, securing sufficient funds to support its programs, projects, and operational expenses. Through diversified fundraising strategies, including individual giving, corporate partnerships, grant applications, and special events, it has maximized revenue streams and |
| minimized reliance on a single source of funding. 2. Cost Efficiency: Fundraising activities have been conducted with a focus on cost efficiency and effectiveness, maximizing the return on investment and minimizing overhead expenses. The charity has implemented best practices in fundraising management, budgeting, and performance tracking to ensure that resources are allocated strategically and transparently, optimising the impact of each fundraising raised. 3. Compliance and Accountability: The charity has maintained high standards of transparency, integrity, and compliance in its fundraising practices, adhering to regulatory requirements and ethical principles. The charity's fundraising activities have demonstrated commendable performance against the objectives set, including: |
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|---|---|---|
| Investment performance against objectives |
Para 1.41 | The charity's investment performance against objectives has been commendable, demonstrating prudent financial management and strategic decision-making. Key highlights include: 1. Goal Attainment: The charity has met objectives, achieving targeted returns while effectively managing risk. By aligning investment strategies with organisational goals, time horizons, and risk tolerance, it has optimized portfolio performance to support long-term financial sustainability and mission impact. |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Holding over £50,000 raised from companies and individuals |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | All monies held is being used to spend on activities for children |
| Amount of reserves held | Para 1.22 | £46,648 |
| 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 | N/A |
| Additional information (optional) You may choose to include further statements |
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: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | |
| 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 | CHRISTOFOROS CHARITY FOUNDATION |
|---|---|
| Other name the charity uses | CCFWORLD |
| Registered charity number | 1201639 |
| Charity’s principal address | 223B TURNERS HILL, CHESHUNT, EN89DG |
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) |
|---|---|---|---|---|
| GEORGE NICOLAOU |
FROM START | |||
| ARETI NICOLAOU | FROM START | |||
| CHRISTAKIS PETINOU |
FROM START | |||
| JOANNA PETINOU |
FROM START | |||
– 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 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 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
| Christoforos Charity Foundation | Christoforos Charity Foundation | Christoforos Charity Foundation | 1201639 | 1201639 | 1201639 | CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
19/01/2023 | To | 31/01/2024 | ||||
| Section A Receipts and | payments | ||||||
| A1 Receipts | Unrestricted funds to the nearest £ 67,580 67,580 - 67,580 52 4,760 67 218 6,375 365 849 80 744 1,606 2,491 3,110 216 20,932 - 20,932 46,648 46,648 |
Restricted funds to the nearest £ - - - - - - 0 0 |
Endowment funds to the nearest £ - - - - - - - - |
Total funds to the nearest £ 67,580 67,580 - - - 67,580 52 4,760 67 218 6,375 365 849 80 744 1,606 2,491 3,110 216 20,932 - - - 20,932 46,648 |
Last year to the nearest £ |
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| Revenue | 67,580 | ||||||
| Sub total(Gross income for AR) |
67,580 | - | |||||
| A2 Asset and investment sales, (see table). |
|||||||
| Sub total | - | - | |||||
| Total receipts A3 Payments |
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| - | |||||||
| Clothes | 52 | ||||||
| Donation Expenses | 4,760 | ||||||
| Entertainment | 67 | ||||||
| Equipment Hire | 218 | ||||||
| Events | 6,375 | ||||||
| Flowers | 365 | ||||||
| General Office Costs | 849 | ||||||
| Gifts | 80 | ||||||
| Insurance | 744 | ||||||
| Marketing | 1,606 | ||||||
| Professional Fees | 2,491 | ||||||
| Social Media | 3,110 | ||||||
| Training | 216 | ||||||
| **Sub total ** | 20,932 | - | |||||
| 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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| - | |||||||
| 46,648 | 0 | - | 46,648 | - | |||
| - | |||||||
| 46,648 | 0 | - | 46,648 | - |
29/04/2024
CCXX R1 accounts (SS)
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 B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
(agree balances with receipts and payments account(s)) Details NatWest Bank Total cash funds Details Details Details Details Furnitures Music Equipments Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 46,648 0 46,648 0 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 |
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 |
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29/04/2024
CCXX R2 accounts (SS)
2
Christoforos Charity Fountation
| 31 January 2024 | 31 January 2024 | ||
|---|---|---|---|
| Charity no.: | 1201639 | Company no.: |
I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 January 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.
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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:
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Accounting records were not kept in accordance with section 130 of the Act or
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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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03 May 2024
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