Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/03/2023 Period end date
Charity name: Proud Professional Parents (The P3 Network)
Charity registration number: 1178137
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To represent non-traditional and under-rep- resented families (both LGBT and non-). The support is offered throughout the life cycle of a family - from options to creating a family, to discussions with employers on inclusive leave policies, return to work mentoring, and school engagement. |
| Summary of the main activit- ies in relation to those pur- poses for the public benefit, in particular, the activities, projects or services identi- fied in the accounts. |
Para 1.17 and 1.19 |
Panel discussions, facilitating training, company policy reviews and commentary, preparing of information sheets. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Com- mission on public benefit |
Para 1.18 | Yes, regard has been had to the guidance issued by the Commission. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment
| Contribution made by volun- teers |
Para 1.38 | No cash contribution or any items akin to cash. Only volunteer time. Every member that helps drive the work of the charity does so by way of volunteering. |
|---|---|---|
| Other | N/A |
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 be- neficiaries and any wider be- nefits to society as a whole. |
Para 1.20 | Activity has substantially declined. Many of the organisations that the charity used to support (banks, law firms, other city firms) have developed more informed LGBTQ+ networks which can now leverage informa- tion from their own employees given the rise in LGBTQ+ parenting. During this period we have also seen a de- cline in availability of volunteer time impact- ing the ‘marketing’ of the services and en- gagement with organisations. |
Additional information (optional)
You may choose to include further statements where relevant about:
The objectives are becoming less met as the decline in support required (addressed in Achievements against obPara 1.41 previous periods) has now continued to dejectives set cline. As the mainstream and organisational discussion around LGBTQ+ families continues to become more common, and organisations are able to better self-serve, the needs to meet the objectives are becoming less necessary. Met as charity has more than enough funds to manage any outgoings. Performance of fundraising activities against objectives Para 1.41 set
| Investment performance against objectives Para 1.41 N/A Other |
|
|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s fin- ancial position at the end of the period |
Para 1.21 | Sound with funds in surplus of any financial requirements/obligations. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | There are no projected or outstanding liabil- ities and therefore no reserves are re- quired. |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | There are no projected or outstanding liabil- ities and therefore no reserves are re- quired. |
| Details of fund materially in deficit |
Para 1.24 | None. |
| Explanation of any uncer- tainties about the charity continuing as a going con- cern |
Para 1.23 | None. |
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 | Speaker fees. |
|---|---|---|
| Investment policy and object- ives including any social in- vestment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | As the topic of LGBT+ families is becoming more mainstream and common, more organ- isations have their own people internally to discuss their journey and so there are less needs for our specialised advice and speak- ing engagements.This risk was raised in pre- vious years and is only becoming more prominent. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
CIO Association |
| How is the charity consti- tuted? (e.g unincorporated associ- ation, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any con- stitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees appointed for two or three year term by the board, with support of the lead- ership committee. |
| Additional information (optional) ou maychoose to include further statements where relevant about: |
||
| Policies and procedures ad- opted for the induction and training of trustees |
Para 1.51 | Existingtraining materials are available that were prepared and provided by law firms (on a pro bono basis) for trustees. |
| The charity’s organisational structure and any wider network with which the char- ity works |
Para 1.51 | The charity looks to partner with other di- versity charities to ensure maximum impact for the community. |
| Relationship with any re- lated parties |
Para 1.51 | None. |
| Other |
Additional information (optional)
You may choose to include further statements where relevant about:
Reference and Administrative details
| Charity name | PROUD PROFESSIONAL PARENTS |
|---|---|
| Other name the charity uses | THE P3 NETWORK |
| Registered charity number | 1178137 |
Charity’s principal address 17 Richmond Road, London E8 3BF
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
T Borok | Chief Exec | ||
| R Westoby | Trustee | |||
Corporate trustees – names of the directors at the date the report was approved
Director name None
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 None. 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) T Borok (CEO); M Newton (COO)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
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) TUVIA BOROK Full name(s) Tuvia Borok
Position (eg Sec- CEO and Trustee retary, Chair, etc)
Date Jan 2024