## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 06 04 2023 **To** 05 05 2024 ## Section A Reference and administration details **Charity name** LOVE FOUNDATION **Other names charity is known by Registered charity number (if any)** 1202794 **Charity's principal address** 8 COMBINE CLOSE STOCKTON-ON-TEES **Postcode TS19 8JS** LOVE FOUNDATION ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Dr (Mrs) Abisope Akintola|Chair||| ||Pastor Olayombo Akintola|Secretary||| ||Prof. Adeniyi Ogunjobi|||| ||Dr Oladipupo Idowu|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 |**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**| |---|---|---| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Constitution of a CIO - (eg. trust deed, constitution) Trustee How the charity is constituted (eg. trust, association, company) Appointed Trustee selection methods - (eg. trust, association, company) - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The Objects of the CIO is the relief of poverty among children in the UK and Africa for the public benefit through the provision of grants to enable access education, healthcare, basic needs such as food and clothing, and to enable them to participate in healthy recreational activities that they could not otherwise afford. **TAR** March **2012** 2 The organisation operate practically by relying on voluntary donations from individuals or other non-profit organisations that shares the same ideas. The organisation will continue advertising and promoting the vision of the organisation to expand the charity’s reach and awareness among potential donors. More so, the Foundation will display fliers in places that parents and young children are likely to visit frequently such as Local Community Centres, churches, mosques etc. Also, the foundation will prepare an information pack, letter, or leaflet to introduce or promote the club by asking the local school to give it out to any new parents. The Love Foundation believes that every child is special, each with their **Summary of the main** unique gifting and qualities. Hence, the Foundation will give more **activities undertaken for the** attention to local schools in Nigeria, since after-school club form part of **public benefit in relation to** the Government’s extended school agenda in the UK. However, we **these objects (include within** notice that even in the UK there are times where some children want to **this section the statutory** engage or learn some skills such as ballet, musical instruments, but the **declaration that trustees have** parents are unable to pay the cost of learning. Therefore, Love **had regard to the guidance** Foundation will support such children by providing the financial support **issued by the Charity** they need so that they can maximise their potentials. **Commission on public benefit)** Furthermore, Love Foundation will carefully develop program for holistic and interactive learning environment to support the disadvantage communities in Nigeria where every child can learn and grow through engaging in different after-school clubs such as musical instruments training, ballet classes. The Foundation will provide financial support for volunteers or local charity and schools to carry this project out. In promoting the project, after-school club, the foundation will approach and speak local schools within the target communities for opportunity to introduce the club at one of the school parent-teacher meetings/assembly and distribute fliers. If allow will create stand at the school fair or parent’s evening where people can be enlightened and educated of the benefits of the after-school clubs at no cost. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 3 ## Section D Achievements and performance **Summary of the main achievements of the charity during the year** The trustees recognise that these are difficult to measure but believe that 2023/24 was a positive year for Love Foundation, being able to support a family struggling financially after having a baby. Though, the voluntary contributions received was not in any close to what we expect but the little received was used in making positive impact in supporting a child with basic needs. This is a sign that the charity has made a huge impact in the lives of family within the community bringing in so many hopes at these unprecedented times. **TAR** March **2012** 4 ## **Section E Financial review** The trustees have established a reserves policy to enable the charity to **Brief statement of the** function effectively in the event of a decline in its **charity’s policy on reserves** income. **Details of any funds materially** Nil **in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** OAkintola **Full name(s)** Pastor Olayombo Akintola **Position (eg Secretary, Chair,** Secretary **etc) Date** 26/01/2025 **TAR** March **2012** 5 ||**LOVE FOUNDATION**
**Charity Name**|**LOVE FOUNDATION**
**Charity Name**|**LOVE FOUNDATION**
**Charity Name**|**1202794**
**No (if any)**|**1202794**
**No (if any)**|**1202794**
**No (if any)**|**CC16a**| |---|---|---|---|---|---|---|---| ||**For the period**
**from**|04/06/2023
Period start date|**To**||04/05/2024
Period end date||| ||||||||| |**Section A Receipts and payments**|||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**160**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**160**
**-**
**-**
**-**
**160**
**109**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**109**
**-**
**-**
**-**
**109**
**51**
**-**
**-**
**51**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**160**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**160**
**-**
**-**
**-**
**160**
**109**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**109**
**-**
**-**
**-**
**109**

**51**||**Last year**
**to the nearest £**| |VoluntaryDontions|**160**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**160**||||||**-**| ||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||| ||**-**||||||| ||**-**||||||**-**| |**_Sub total_**|**-**||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||| ||||||||**-**| ||||||||| |
Support for baby|**109**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_ **|**109**||||||**-**| ||||||||| |**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_**|||||||| ||||||||**-**| ||||||||| ||**51**|**-**|**-**||
**51**||**-**| ||**-**|**-**|**-**||**-**||**-**| ||**-**|**-**|**-**||**-**||**-**| ||**51**|**-**|**-**||**51**||**-**| CCXX R1 accounts (SS) 26/01/2025 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
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
OAkintola
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**|**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
Olayombo Akintola|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||OAkintola|Olayombo Akintola|26/01/2025| ||||| CCXX R2 accounts (SS) 26/01/2025 2