Charity number: 1165353
THE CIAO FOUNDATION CIO
UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
LUBBOCK FINE LLP
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB

THE CIAO FOUNDATION CIO
CONTENTS
Page
Reference and Admlnlstratlve Detalls of the Charlty, Its Trustees and Advlsers
Trustees. Roport
Independent Examlner's Report
Statement of Financial Activities
Balance Sheet
10
Notes to the Financial Statements

THE CIAO FOUNDATION CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
Trustees
Andrew Hogge, Chairman
Andrew Rogers
Leona Ahmed
Richard D. Brazier
Charity registered
number
1165353
Principal office
Meridian House
2 Russell Stoel
Windsor
Berkshire
SL41HQ
Founder & President
GeOff￿Y Barber
Accountants
Lubbock Fine LLP
Chartered Accounlanls
Palernosler House
65 St Paul's Churchyard
London
EC4M 8AB
Page 1

THE CIAO FOUNDATION CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their Annual Report together with the financial slalement of the Ciao Foundation
CIO for the period from 1 April 2021 to 31 March 2022. The Trustees confirm the Annual Report and
financial statements of the Charity comply with the current statutory requirements, the requirements of
the Charity's governing document and the provisions of the Statement of Recommended Practice
ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191.
History
The Ciao Foundation was formalty established in February 2016 as a charitable incorporated
organisation ICIOI. However. its vision and ideology evolved over a three-year period from the firm
belief of Its founder, Geofftey Barber, that Challenge is an Opportunity. Geoffrey Barber himself faced
a life-changing challenge having survived a horrific car crash in 2001, which left him in danger of not
walking again. Through his determination, strength and belief he embraced this challenge lo recover
and resolved to pass on this learning and experience lo encourage others to overcome their own
challenges. As a result, the Ciao Foundation was officially formed and registered with the Charity No.
1165353.
Geoffrey Barber Is the President for Life of the Ciao Foundation and the following are Trustees Andrew
Hogge Ichaimianl, Andrew Rogers, Leona Ahmed and Richard Brazier.
Nugmais Powlesland is the Charity Manager. Nugmais receives and evaluates all the Ciao Award
applications and reports to the Trustees with her recommendations. These applications are then
reviewed at the Trustee meetings which lake place 4 times every year. The Ciao Awards are then
agreed by the Trustees and Nugmais liaises with all Award winners ensuring they provide all sufficient
paperwork before the Awards are made. Nugmais then arranges for individual presentations by the
Trustees lo the Award winners. Nugmais is also very focused on fund raising on behalf of Ciao with
help provided by Kale Lane.
We have an Administrator, Christina Gadsden, who attends Trustee meetings, takes minutes and
assists with fundraising events. Christina kindly volunteers her services to Ciao.
All media work is undertaken by Jamie McGee, much of his work is done for the Charity on a cost basis
only.
Structure. Governance and Management
Oryanisational Structure:
The Ciao Foundation CIO, registered as a Charity in January 2016, is governed by ils Constitution
which was adopted on 29 January 2016. The charity is managed by ils Board of Trustees who meet to
consider the progress of the Charity and ils future direction.
Page 2

THE CIAO FOUNDATION CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The trustees who setved during the year were..
Andrew Hogge (Chairman)
Andrew Rogers
Leona Ahmed
Richard D. Brazier
Sian O'sullivan (Resigned 12 October 20211
The Trustees are very appreciative of the support they received during the yearfrom their ambassadors.
Rob Camm
Sophie Elwes
Vicci Ross
Method of Appointment or Election of Trustees-
Trustee appointments are govemed by ils Ctsnstitution which stales that Trustees sh811 be eleeled at
the annual genefftl meeting.
Oblectlves
In setting the objectives and planning the activity of the charity, the Trustees have given careful
consideration to the Charity Commission's general guidance on public benefit.
It is the belief of the Ciao Foundation that anyone can overcome a challenge. Our aim is to motivate,
inspire and help individuals going through challenges. We provide aid and funding to help and
encourage those individuals to find their strength, meet their seemingly insurmountable challenges and
achieving their goals.
The objectives of the charity as set out and agreed by the Trustees are as follows'.-
The first objective is to Careful￿ consider, evaluate and select the most deserving
applicants. The applicants musl show a specific need or plan and Intend lo demonstrate
how this will help them meet and overcome their challenges. Awards are given to the
individual and not lo an organisalion.
The second objective is lo recognise those people who have successfully overcome their
own challenges and are advising others on how in turn lo overcome theirs.
The third objective is to help, educate and change the ath'tude of people to welcome, meet
and overcome challenges. We believe this will help people to improve their lives and the
lives of their families and communities.
The Awards given lo SUC￿$sful applicants are known as Ciao Awards" which are tangible being in
the form of for instance therapeutic support, or specialised equipment (part or fully paid for). The Awards
help both the recipient and many others as illustrated in this report.
Page 3


_The events really are special. After such a long time it really is what everybody needs. We are so grateful to you and your funding partners. Thank you ALL_ 










THE CIAO FOUNDATION CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Madlins, Cyril Leonard, and CPI nominated Ciao as their chosen charity and instead of
sending out Christmas cards they made donations to Ciao
A vole of thanks was given to the Green Hall Foundation for their kind and generous
donation of £3,000.
A vote of thanks was given to Leona Ahmed who donated £1,200 over the year.
Several other fund-raising activities were postponed due to the Coronavirus outbreak including the Ciao
Golf Day which was rearranged for 2022.
Ciao Awards
We receive 100's of applications and the awards that we have been made have helped those suffering
from for example-
Physical Disabilities often through life changing injuries
PTSD
Mental Health challenges
Abuse
In addition lo the Award referred to above relating lo Lily Mills and Sean Mccallion here are 3 further
examples of Ciao Awards approved by the Trustees during the year-
Jonathan Wallach
Jonathan has been a strong supporter of Ciao and
having nearly lost his baby daughter at birth we were
very pleased to fund his amazing challenge of
competing in the Marathon des Sables undertaking 6
marathons in 7 days in the Moroccan Sahafft Desert
Itempeffttures soaring to 60C at limes I I lo fftise funds
to purchase an incubator for the Chelsea &
Westminster Hospital
Brlstol Bears Communlty Foundatlon {BBCFI
In addition to the funds Ciao raised from the Green Hall Foundation Ciao also made an award lo the
BBCF to fund the series of disability events lo help 350+ young people with profound physical and
mental learning difficulties in the Bristol, Bath Somerset, and Gloucestershire area.
GreenHall
FOUNDATION
Page 5

THE CIAO FOUNDATION CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Rachel Moryan
Rachel Morgan is the World No 1 Bl totally blind tennis
player. There is no prize money in visually impaired
tennis and limited support from the Tennis Association
as blind tennis is not a Paralympic sport and funds are
focussed on wheelchair tennis. Competing in events in
the UK entails travel costs, hotel accommodation and
coaching. The Ciao Foundation assessed and
approved Rachel 's application for a Ciao Award and
subsequently arranged funding for this award from 3
corporate donors.
Strategy
The ongoing strategy of the Trustees is as follows'.-
Continue to promote Ciao lo encourage applications for Ciao Awards and to raise
additional funds.
Ciao lo continue to work alongside charitable organisalions such as BBCF including the
Bristol Bears Disabled Rugby Club, Small Strides and The On Course Foundation
Promoting corporate sponsorship lo join Amalgamated Berkshire who enter their fourth
year of sponsorship and providing Continuity of income for the Ciao Foundation.
Private donations lo be encouraged by monthly standing order amongst our supporters.
Encouraging clubs like the Thames Dillon Lawn Tennis Club to raise funds to support our
awards .
Trustees lo promote business driven co-sponsorship donations through successful
business advisoryl transaction business.
Applying for donation from supporting charities and Trusts. We have applied lo be
registered by the Fundraising Regulator.
The organisalion of fundraising activities such as the Fundraising lunch for Sean Mccallion
which will include In the next financial year The Ciao Golf Day rearranged to 251h July 2022
at the Army Golf Club.
Good Govemance l Fundlng
Ciao continue to give due regard to the 3rd edition of the Good Governan￿ Code. As illustrated above
Ciao continue lo work closely with other charities and progress fund raising activities as illustrated in
this report.
Page 6

THE CIAO FOUNDATION CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Financial Review
During the period lo 31 March 2022 donation income received lotalled £29,523. The charity pledged
awards of £13,748 during the year to 31 March 2022 and will continue lo donate their funds in this way.
Further financial information is available from the Trustees on request.
The Foundations reserves carried forward of £94,285 are lo be used to fund awards in furtherance of
the charitable objectives. It is the policy of the Trustees to continue to build reserves and use the funds
to make donations for the for the charitable trust objectives. As such, the funds currently held are In line
with the charity's reserve policy.
Trustees. Responsibilities Statement
The Trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements
for each financial year which give a true and fair view of the stale of affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the Trustees are required to".
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP FRS 102.,
make judgments and accounting estimates that are reasonable and prudent.,
follow applicable UK accounting standards and the Charities SORP FRS 102, disclosing
and explaining any departures in the accounts.,
prepare the financial statements on the going concern basis unless it is inappropriate lo
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any lime the financial
position of the charity and enable them to ensure that the financial statements comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees and signed on their behaw by..
Andrew Hogge
Chairman of the Ciao Foundation
Dale.. 22 November 2022
Page 7

THE CIAO FOUNDATION CIO
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CIAO FOUNDATION CIO {the
'Charity'l
I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March
2022.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's
Trustees those matters l am required lo slate to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body. for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 Act'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
awounling records were not kept in respect of the Charity as required by section 130 of the 2011 Art., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts sel OLJt in the Charities IAccoLJnls and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed. LLL Fy
Dated..
25 November 2022
Lee Fa¢ey
Independent Examiner
LUBBOCK FINE LLP
65 Sl Paul's Churchyard
London
EC4M 8AB
Page 8

THE CIAO FOUNDATION CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Unrestrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Note
INCOME FROM:
Donations and legacies
Interest receivable
29,523
15
29,523
15
33,304
44
TOTAL INCOME
29,538
29,538
33,348
EXPENDITURE ON:
Charitable 8clivilies
37,542
37,542
42,430
TOTAL EXPENDITURE
37,542
37,542
42,430
NET EXPENDITURE BEFORE OTHER RECOGNISED
GAINS AND LOSSES
18,0041
18,0041
18,0041
18,0041
19,0821
19,0821
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
102,289
102,289
111,371
94,285
94,285
102,289
TOTAL FUNDS CARRIED FORWARD
All activities relate to continuing operations.
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 1110 16 form part of these financial statements.
Page 9

THE CIAO FOUNDATION CIO
BALANCE SHEET
AS AT31 MARCH 2022
2022
2021
Note
CURRENT ASSETS
Cash al bank and in han
94,670
102,674
CREDITORS: amounts falling due within
one year
13851
13851
NET CURRENT ASSETS
94,285
102,289
NET ASSETS
94,285
102,289
CHARITY FUNDS
Unrestricted funds
94,285
102,289
TOTAL FUNDS
94,285
102,289
The financial statements were approved by the Trustees on
22 November 20aAd signed on their behalf, by..
Ét
Andrew Hogge
Trustee
Richard D. Brazler
Trustee
The notes on pages 1110 16 form part of these financial statements.
Page 10

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stsled In the relevant notes to these
accounts. The financial stslements have been prepared in accordance wth the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffeclive 1 January 20191 and Financial Reporting Standard applicable In the United Kingdom
and Republic of Ireland IFRS 1021 and Charities Act 2011.
The CIAO Foundation CIO conslitules a public benefit entity as defined by FRS 102.
1.2 Going concern
There are no material uncertainties related to events or conditions that may cast significant doubl
upon the charitls ability to continue as a going concern. In forming this assessment, the Trustees
have taken Into account the Impact of COVID-19.
1.3 Fund accounting
General funds are unreslricled funds which 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.
1.4 Incomo
All income is recognised once the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Gifts in kind donated for distribution are included al valuation and recognised as income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included al the value lo the Charity where this can be quantified and a third
party is bearing the cost. No amounts are included in the financial statements for services donated
by volunteers.
Donated services or facilities are recognised when the Charity has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the
use of the Charity of the Item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP IFRS 1021, the general volunteer time of the Friends is not
recognised and refer lo the Trustees, Report for more information about their contribution.
On re￿ipl, donated professional serviTrs and donated facilities are recognised on the basis of the
value of the gift lo the Charity which is the amount the Charity would have been willing to pay lo
obtain services or facilities of equivalent economic benefit on the open market,. a corresponding
amount is then recognised in expenditure in the period of receipt.
Page 11

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES (continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit lo a third paty, it is probable that a transfer of economic benefits will be required In
settlement and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs are
allocated to the applicable expenditure headings and activities of the Charity.
Charitable activity costs are costs incurred on the charity's operations, including support costs and
costs relating to the governance of the Charity apportioned to charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the
Charity.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, but not accrued as expenditure.
Charitable activities and Governance costs are costs incurred on the Charity's operations, including
support costs and costs relating to the g0Veman￿ of the Charity apportioned lo charitable activities.
1.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required In selllemenl, and the
amount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the
Charity anticipates it will pay to settle the debt or the amount it has r￿1Ved as advanced payments
for the goods or serviTrs Il musl provide. Provisions are measured al the best estimate of the
amounts required lo settle the obligation. Where the effect of the lime value of money Is material,
the provision is based on the present value of those amounts, discounted at the pre-tax discount
rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised within
interest payable and similar charges.
1.7 Cash at bank and in hand
Cash at bank and in hand Includes cash and short term highly liquid investments with a short
malurily of three months or less from the dale of acquisition or opening of the deposit or similar
account.
1.8 Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the conlraclual
arrangement, as either financial assets, financial liabilities or equity instruments.
1.9 Taxation
The charity is a registered charity and based on the activities undertaken is not liable for UK
corporation lax.
The charity was not VAT registered during the year and therefore all expenses are inclusive of any
VAT which cannot be fully recovered.
Page 12

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Donations
Gifts in Kind
27,523
2,000
27,523
2,000
31,304
2,000
Total donations and legacies
29,523
29,523
33,304
Total 2021
33,304
33,304
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Interest receivable
15
15
44
Totsl 2021
44
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Other costs
2022
2022
Total
2022
Total
2021
Provision of Ciao Awards
18,000
19,542
37,542
42,430
Total 2021
18,000
24,430
42,430
Page 13

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
DIRECT COSTS
Advanceme-
ntof
education
and training
Total
2022
Total
2021
Awards granted
13,748
13,748
19,356
Totsl 2021
19,356
19,356
SUPPORT COSTS
Total
2022
Total
2021
Activities
Legal Fees
Travel
Website costs
PR & Fundraising
Accountancy fees
Wages and salaries
30
101
1,765
1,898
2,000
18,000
30
101
1,765
1,898
2,000
18,000
30
2,440
604
2,000
18,000
23,794
23,794
23,074
Totsl 2021
23,074
23,074
During the year no Trustees received any remuneration, benefits in kind or reimbursement of expenses.
Accountancy fees of £2,000 have been included as gifts in kind.
STAFF COSTS
Staff costs were as follows..
2022
2021
Wages and salaries
18,000
18,000
The average number of persons employed by the Charity during the year was as follows..
2022
No.
2021
No.
Number of administrative staff
No employee received remuneration amounting lo more than £60,000 in either year.
Page 14

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
CREDITORS: Amounts falling due within one year
2022
2021
Other taxation and social security
385
385
STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31 March
2022
Balance at
1 April 2021
Incorne Expenditure
Unrestricted funds
General funds
102,289
29,538
137,5421
94,285
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
31 March
2021
Balance at
1 April 2020
Income Expenditure
Unrestricted funds
General funds
111,371
33,348
142,4301
102.289
Page 15

THE CIAO FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted
funds
2022
Total
funds
2022
Current assets
Creditors due within one year
94,670
13851
94,670
13851
94,285
94,285
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2021
Total
funds
2021
Current assets
Creditors due within one year
102,674
13851
102,674
13851
102,289
102,289
11. RELATED PARTY TRANSACTIONS
During the year Trustees and related parties donated £2,895 12021
unrestricted.
£1,450), all of which was
Page 16