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The PRAFARATA Foundation 1145163
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 1st December 2024 30th November 2025
Section A Receipts and payments
Unrestricted Endowment
Restricted funds Total funds Last year
funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income From Investments 3,065 - - 3,065 5,698
Interest Received 575 - - 575 509
- - - - -
Sub total (Gross income for
3,640 - - 3,640 6,207
AR)
A2 Asset and investment sales,
(see table).
Sale Of Investments - - 93,335 93,335 206,184
- - - - -
Sub total - - 93,335 93,335 206,184
Total receipts 3,640 - 93,335 96,975 212,391
A3 Payments
Grants Awarded 32,500 - - 32,500 22,500
Investment Manager Fees - - 102 102 110
Trust Administration Fees 2,190 - - 2,190 2,160
Independent Examiners Fees - - - - 600
Cash Management Fees 20 - - 20 18
Legal Fees 540 - - 540 -
Sub total [ 35,250 ] - 102 35,352 25,388
A4 Asset and investment
purchases, (see table)
Investment Purchases - - 56,386 56,386 193,642
- - - -
Sub total [ - ] - 56,386 56,386 193,642
Total payments 35,250 - 56,488 91,738 219,030
Net of receipts/(payments) - 31,610 - 36,847 5,237 - 6,639
A5 Transfers between funds 34,614 - 34,614 - -
A6 Cash funds last year end 244 2,212 2,456 9,095
Cash funds this year end 3,248 - 4,445 7,693 2,456
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CCXX R1 accounts (SS)
22/05/2026
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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Investment Portfolio Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Capital Account Income Account Signature Per electronic approval |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 3,248 - - - 3,248 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Yana Davies on behalf of Ludlow Trust Company Ltd |
Endowment funds to nearest £ 4,445 - - |
| 4,445 | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) 209,849 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval Per electronic approval |
CCXX R2 accounts (SS)
22/05/2026
2
Trustees’ Annual Report for the period From 01/12/2024 To 30/11/2025
Charity name: The PRAFARATA Foundation Charity registration number: 1145163
Objectives and Activities
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SORP reference
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| Objectives and Activities | Objectives and Activities | Objectives and Activities |
|---|---|---|
| SORP reference |
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| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To hold the capital and income upon trust to apply the income and all or such parts of the capital at such time or times and in such a manner to or for the benefit of: (a)the relief of children and young people up to the age of 21 who are in need by reason of sickness or hardship. (b) The relief of those in need by reason of disability (by methods including but not limited to the provision of specialist sporting facilities and equipment). (c) The advancement of science by the promotion of efficiency and effective outcomes in medical research. (d) The advancement of amateur sport in the UK. (e) The advancement of education (including but not limited to the assistance of fund-raising campaigns associated with specific educational establishments). (f) such exclusively charitable objects and purposes in any part of the world as the Trustees may in their absolute discretion think fit. |
| 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 In furtherance of the charity’s objects for the public benefit the trustees provide grants. In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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 In furtherance of the charity’s objects for the public benefit the trustees provide grants. In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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 In furtherance of the charity’s objects for the public benefit the trustees provide grants. In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| SORP reference | ||
| Policyongrant making Para 1.38 |
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| Policy on social investment including program related investment Para 1.38 |
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| Contribution made by volunteers Para 1.38 |
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| Other |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | 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 | During the year under review the charity made grants to the following charities totalling £32,500. Mind Over Cancer Phab Limited London Musical Theatre Orchestra |
Additional information (optional)
You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| Achievements against objectives set Para 1.41 |
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| Performance of fundraising activities against objectives set Para 1.41 |
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| Investment performance against objectives Para 1.41 |
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| Other |
Financial Review
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £3,248 (2024: £244).
of the period
In addition to the free reserves the charity
has bank balances of £4,445 (2024: £2,212)
and investments valued at £209,849 within
the expendable endowment fund which can
be released to support the activities of the
charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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Additional information (optional)
You may choose to include further statements where relevant about:
| Youmay choose toincludefurtherstatementswhererelevant about: | Youmay choose toincludefurtherstatementswhererelevant about: | Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) Para 1.47 |
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| Investment policy and objectives including any social investment policy adopted Para 1.46 |
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| A description of the principal risks facing the charity Para 1.46 |
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| Other | Expendable endowment funds are those which are required to be invested to produce income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
Structure, Governance and Management
| Structure, Governance and Management | Structure, Governance and Management | Structure, Governance and Management |
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| Description of charity’s trusts: |
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| Type of governing document Para 1.25 Trust deed dated 25thNovember 2011 |
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| How is the charity constituted? Para 1.25 Trust |
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| 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 appointed by the trustees from time to time. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees Para 1.51 |
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| The charity’s organisational structure and any wider network with which the charity works Para 1.51 |
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| Relationship with any related parties Para 1.51 No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Ltd was paid £2,210 for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed. During the year a grant of £25,000 was made to LMTO of which the following trustees are conflicted due to Freddie Tapner being CEO of the organization: Ross Nicholas Hill Turner , Jack William Griffiths, Arthur John Tapner, Rose Edwina Tapner, Nicholas Rory Tapner, Frederick James Tapner, Alexandra Tapner, Anna Violet Tapner. They therefore took no part in the decision to award the grant. |
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| Other |
Reference and Administrative details
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name The PRAFARATA Foundation |
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| Other name the charity uses | |
| Registered charity number 1145163 |
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| Charity’s principal address | Ludlow Trust Co Ltd, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ |
Names of the charity trustees who manage the charity
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Name of person
(or body) entitled
Trustee name Office (if any) Dates acted if not for whole year
to appoint trustee
(if any)
Ludlow Trust
Company Limited
Ross Nicholas Hill From 27 February 2025
Turner
Robert Hardington From 27 February 2025
Bartlett
Jack William Griffiths
Arthur John Tapner
Rose Edwina Tapner
Nicholas Rory Tapner
Frederick James
Tapner
Alexandra Tapner
Anna Violet Tapner
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– Corporate trustees names of the directors at the date the report was approved Director name Alexander Edward Mulroe Walter Duncan Coxon
Ali Reza Sarikhani Ziba Christina Sakine Sarikhani Christopher Ian Thurlow Matthew John Wickers
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 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)
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Type of adviser Name Address
Investment Managers Coutts & Co 440 Strand London WC2R 0QS
Bankers Coutts & Co 440 Strand London WC2R 0QS
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Limited WC2R 0LR
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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) Per electronic approval Full name(s) Yana Davies on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date Per electronic approval
Document Activity Report
Document Sent Thu, 28 May 2026 09:14:25 GMT Document Approval Status Approved Approval Activity Summary Yana Davies Approved Thu, 28 May 2026 09:21:01 GMT Document Activity History Document history shows most recent activity first Date Activity Thu, 28 May 2026 09:20:51 GMT Yana Davies viewed the document
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The PRAFARATA Foundation members of On accounts for the 30[th] November 2025 Charity no 1145163 period ended (if any) Set out on pages Financial statements page 1 - 2 Trustee report page 3 - 11
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 30/11/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I 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, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I 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:
-
accounting records were not kept in accordance with section 130 of the Act or
-
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.
Date: 29/05/26 Signed: Name: Ian Rodd Relevant professional BSc FCA FCCA qualification(s) or body (if any):
Address: TC Group Waverley House, 115-119 Holdenhurst Road Dorset, BH8 8DY
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
n/a
2
IER