## **Trustees’ Annual Report for the period**
**From 1[st] April 2023 to 31[st] March 2024**
**Charity name: The Ten-Percent Foundation**
## **Charity registration number: 1095812**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes
of the charity as set out in
its governing document|Para 1.17|**General Charitable Purposes**
**Education/training**
**The Prevention Or Relief Of Poverty**
**Overseas Aid/famine Relief**
**Amateur Sport**
**Environment/conservation/heritage**|
|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|**Who the charity helps:**
**The General Public**
**How the charity helps:**
**Makes Grants To Organisations**
**Where the charity operates:**
**Throughout England And Wales**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have had 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|**Since 2003 we have been responsible**
**for donations to charities in the UK and**
**Africa. We receive annual donations**
**from companies within the Ten Percent**
**Group of websites, including Ten**
**Percent Legal Recruitment, Jonathan**
**Fagan Business Brokers Limited and TP**
**Transcription Limited and we distribute**
**these to charities and sports**
**organisations in accordance with our**
**donation criteria.**
**We support projects primarily in the UK**
**and Africa that have an identifiable end**
**to them, usually at a low value. We are**
**keen to support local sporting clubs and**
**activities, charities working with young**
**people or in deprived areas and projects**
**encouraging self-sufficiency in the third**
**world. We also actively aim to support**
**charities with links to the legal**
**profession.**|
## **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 is in a very solid place going**
**forwards.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**We only hold reserves from year to year**
**if we have not identified charities to**
**donate to.**|
|Amount of reserves held|Para 1.22|**As at 31st March 2024 we held £59,083.33**
**in our bank account**|
|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 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:||**Ten-Percent Foundation is a charitable**
**trust with three trustees.**|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust deed**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Charitable trust.**|
|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|**Trustees are all volunteers and invited**
**to become trustees.**|
## **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|The Ten-Percent Foundation|
|---|---|
|Other name the charity uses|The Ten Percent Foundation|
|Registered charity number|1095812|
|Charity’s principal address|Ty Brith, Llandegla Road, Mold CH7 4QX|
|||
## **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)**|
|---|---|---|---|---|
||JeremyFagan||||
||Jonathan Fagan||||
||Anna Gresty||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – 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 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)** Anna Gresty Anna Gresty **Full name(s)** Jonathan Fagan ~~ee ee~~ **Position (eg Secretary,** Trustee Trustee **Chair, etc)** ~~ee~~ **Date** 12/12/2024 12/12/2024 ~~Pn~~
## **Ten Percent Charitable Trust Accounts 20**
## **Income**
Bank interest
12/22/2023 Donation TP Transcription Limited
3/27/2024 Donation Ten-Percent.co.uk Limited
3/27/2024 Donation Jonathan Fagan Business Brokers Lim
## **Expenditure**
17/4/2023 Charges 01/03/2023 to 31/03/2023
7/8/2023 S.H.E UK 2023 Donation
7/8/2023 Hillingdon Women's 2023 Donation
7/8/2023 Evergreen Africa 2023 Donation
7/8/2023 Paul Sartori Found 2023 Donation
11/8/2023 Differabled Scotla 2023 Donation 11/8/2023 Only Connect UK 2023 Donation 11/8/2023 Headway Derby 2023 Donation 22/8/2023 Door 84 Donation 2023 22/8/2023 MYTIME 2023 Donation
22/8/2023 Diane Oxberry Trus Donation 2023 22/8/2023 Every Life Matters Donation 2023 24/8/2023 Long Covid Kids Donation 2023 24/8/2023 Sibs Donation 2023
15/9/2023 Charges 01/08/2023 to 31/08/2023 19/9/2023 Theatr Clwyd
19/9/2023 MICHELLE ANN JONES 2023 Donation (individual) 21/9/2023 Flying High in Denbighshire 2023 Donation 29/9/2023 The Cure Parkinson's Trust Donation 2023 16/10/2023 Charges 01/09/2023 to 30/09/2023 15/1/2024 Charges 01/12/2023 to 31/12/2023
Total
## **Assets**
Bank balance as at 31st March 2024
## **023-2024**
183.76 11032.6 8350.86 10,907.30 **30474.5**
|||183.76
11032.6
8350.86|
|---|---|---|
|mited||10,907.30|
|||**30474.5**|
||-0.10||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
|-500.00|||
||-1.30||
|-100.00|||
|-500.00|||
|-4,000.00|||
|-500.00|||
||-0.40||
||-0.20||
|-11,600.00|-2.00||
|||**###**|
59,083.33
**----- Start of picture text -----**
k
**----- End of picture text -----**
## , CHARITY COMMISSION |Independent examiner's report FOR ENGLAND AND WALES on the accounts
Report to the trustees/ members of| [he Ten-Percent Foundation
On accounts for the year} 31/03/2024 ended
**----- Start of picture text -----**
Charity no| 1095812
if an
**----- End of picture text -----**
- | report to the trustees on my examination of the accounts of the above charity (‘the Trust’) for the year ended 31/03/2024.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
- | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- e accounting records were not kept in accordance with section 130 of the Act or
- e the accounts do not accord with the accounting records
| 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.
**----- Start of picture text -----**
Signed:| p,/ Hort —s—s—s—seses™zT Date: | 06/12/2024
**----- End of picture text -----**
Name: | Nicholas Bromley KCCA on behalf of Nick Bromley Accountancy Limited
Relevant professional |ACCA (1776257) qualification(s) or body (if any):
Address: | % The Printworks, 77 High Street Bridgnorth, Shropshire, WV16 4DX
1
IER
October 2018
Give here brief details of any items that the examiner wishes to disclose.
2
IER
October 2018
FOR ENGLAND AND WALES: Receipts and payments accounts CC16a For the period To from 01/04/2023 31/3/2024 Section A Receipts and payments Unrestricted Endowment unde Restricted funds amie Total funds Last year tothe nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest£ A1 Receipts [Bankinterest[DonationCTC TP Transcription Limited =| SCt“‘OSZACY | TC P d **T** HY8,032 8 [DonationTen-Percentcoukbimited-—« | Ss 851] TC__ TTC ST| 19,043| [ -[3,344] esSeTS OeOs | eses C **D** eOeS O **e** Os 0 asDeOe . 30,474 30,474 see table). ee eee ner pein Sub total A3 Payments [Donationsmade———SC~C~CSYa SSO]LY 2 Os [SCCcS 6dT[CCC] dP SY2 esCO OeSO Os00] [ra es OO OO es SO OeOs 0 es 0 OeOO 0 es SO OsOs 0 esSsOe sO aSubtotal] soz]OeOO{Loe Os P1842| A4 Asset and investment purchases, (see table eses es Sub total | Total payments[__4602][JC] Net of receipts(payments)| 18,872} |TT | 14,063 | AS Transfers between funds Sy ep ee A6 Cash funds last year end P82 ee 80,211| Cash funds this yearend| 59,083} [| JT |[40,211] |
## Section B Statement of assets and liabilities at the end of the period
CCXX R1 accounts (SS)
3
06/12/2024
Jonathan Fagan 12.12.24