CHARITY REGISTRATION NUMBER: 1178269
The Tasso Foundation (formerly operating as The Madison
Foundation)
Unaudited Financial Ststements
31 May 2024
JACKSON NICHOLAS ASSIE LIMITED
Chartered Certified A￿OUntantS
Suite 7, Meridian House
62 Station Road
Chingford
London
E4 7BA

The Tasso Foundation (formerly operating as The Madison
Foundation)
Flnancial Statements
Year ended 31 May 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Statement of ￿sh flows
Notes to the financial statements
10

The Tasso Foundation (formerly operating as The Madison
Foundation)
Trustees. Annual Report
Year ended 31 May 2024
The Iruslees p￿sent their reFx)rt and the unaudiied financial statements of the charity forthe year ended
31 May 2024.
Reference and admlnlstratlve detalls
Reglstered charlty name
Th8 Tasso Foundalion Ifom)erty operating as The Madison
Foundation)
Charfty reglstratlon number
1178269
Prfncipal office
12 Devonshire Mews Wesl
London
W1G 6QE
The tNstees
R Campsie
K Amold
N Campsie
S Arnold
P Amold
L Amold
Resigned 15ts12023
Independent examiner
Jackson Nicholas Assie Limited
Suite 7, Meftdian House
62 Station Road
Chin9ford
London
E4 7BA
Jack¥on NicholtLfAYsie LimitedCknrieredCertifiedAccounlants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Trustees. Annual Report
Year ended 31 May 2024
Oblectlves
The object of the charity is lo promote social inclusion by preventing people from beeoming soaally
exduded and assisting those who aTr socially excluded lo reintegrate into society.
In July 2022, the Charity Commission approved changes to the charity's ot4'ecls, widening the scope of
persons the charity may seek lo assist from the United Kingdom only previously, lo the United Kingdom
and European Union going forward.
Purposes and alms
There are a large number of wonderful charities who pursu8 aims consistent with our oty"ecL Rather
than seeking lo duplicate what any of those charib.es do, we have determined that the most effiaenl way
to pursue our aims is to make grants to charities whose activities support our aims.
Ensurfng work dellvers the alms
To ensure that our grants serve our own charity's objectives. we review applications forfunding to assess
whether an applicant's purpose and objectives are consistent with our own. For larger donations this
assessment will indude one or several meetings be￿een 8 representative of the Tasso Foundation
ITTF'I and a senior represenlats.ve of the charity we are conlemplaling funding.
Prior to July 2022. TTF only made donations to charities which were themselves regulated charities in
England and Wdles. As part of the widening of the geographic scope of the eharty to inelude the
European Union in July 2022. the Charity Commission approved that Ihe trustees might thereafter
approve donab.ons to organisattons which are not forynally charities. The Trustees are alert lo Ihe higher
degree of risk were they lo do so and will und8rtake additional due diligence prior lo making any such
donation, in consideration of those risks.
The Trustees have regard lo the Charity Commission's guidance on Public Benefft when assessing
applications for funding.
Dellvery of publ1¢ benefit
Numerous public benefits arise from p￿ventIng the occurrence of Soaal exclusion and assisting persons
experiencing soaal exdusion lo reinl8gr8le into society. These ben9fits can include 8 reduced reliancè
on public services. improved skills and employ8bilily and in some instances a reduced tendency toward
¢riminal behaviour. The benefits of reduced soual exclusion lo the individual concerned manifold in
terns of health and wellbeing.
11 Is often dtfficult lo appraise the exact impact a charity has in tems of pU￿1C bwefil, as the results of
charitable inlervenlions can b& hard to qU8nlify. In assessing applicats.ons f(x grants, the Tnjslees review
any quantified demonstration of impact. where avalabl&. Where such evidence is not available, the
Trustees rely on more anecdotal infonnation and their own extensive experience of charitable
work to judge the likely efficacy of the applicant's work.
Jackson Nichol￿ Assie Limiiedcharlered CerlifiedAcLounlants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Trustees, Annual Report
Year ended 31 May 2024
Flnanclal revlew
Th• prinopal fvnding source for the charity is our Trustees. We expect this lo remain the ease going
forward and have no plans for 8 wide fundraising campaign. W8 are, however, receptive lo individual
approaehes from individuals and organis81ions which sh8re our aims.
As 0131 May 2024, TTF had reserves of £251,080 {2023'. £276,023}, all of which were unrestricted. TTF
has no liabilities.
Reserve¥ pollcy
Our funds ar8 held in cash. The charity has nogligible operating costs and all labour including that of
mysdl 8nd my fell¢)w Trustees is provided on a volun18ry basis. This allow$ us lo direct essentially 815
our Incorne directly lo front-line charitable purpose$. Our reserves policy is lo have ai all limes a
minimum of six months oper8ting costs. As our operating co$t$ are and arg expe¢tod lo remain
negligiL)le, this reserves p¢li¢y 15 mool in practice.
Structure. governance and management
TTF is a Charitable Incorporaled Organis81ion. governed according lo ils Conslilulion. The original
Trustees were selected by our Trustee Nick Campsie, in his capacity 88 the founder of TTF.
Our previous Trustee. Raymond Campsi•, stood down from his role Ihl8 year. We thank Raymond for
his support over several years.
Lilian Amold and l join8d TTF a$ Tnjslges in Aprll 2023. Al that lime, l 8S8umed the role of Chair Irom
Nick Campsie, who remains 8 Truste8.
In case new Trustees are required In the fuluro, those new Trustees will be reC￿rted by the incumb•ni
Trustee$, using the incumbent TNStees' extensive connecllons wrthin, and experience of, Ihe ¢han18ble
$8Ctor in the UK.
Plan$ lor the future
During the finaneial y¢ar we made donations lolalling £25.59512023.. £40.5wI to a rango of charities
assisting p8ople 8xpenen¢ing a wide rang6 of disadvantagos in¢ludirvJ h8ving a criminal record,
suffering from crime. limited educational opportunities or a physical or other disability. We have been
impressod by the volume and range of funding 8ppIic81ions we have received. which has vindicated the
Trusleo's decision to form the Charity 8nd focus on these ar88s of disadvantage.
Jackson Nichol￿ Assle Limiied CharieredCeriifiedAccounlants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Trustees, Annual Report
Year ended 31 May 2024
Trustees Respon$lbllltles
the Injslees are responslble for prepar5ng the Trustees Annual ReFX)rt and the financial
slalemenls in accordance with applicable law and regulations and in a¢cordanc8 with Unrted
Kingdom G8n8rally Ac¢epted Accounting Practice.,
charity law requires the directors must not approve the finanaal stslemenls unless they arg
$81isfied that they give a true and fair view of th8 $18te of affairs of the charity and of the surplus
or aefieit profil or loss of the charity for that period:
in prepanng the financsal slalemenls th¢ Iruslees are required lo.,
select suitable accounting polia88 and then apply Ihern consistently..
make judgements and a¢¢ounling estsmates that are reasonable and pnjdenl.,
Slate whether 8ppIic8ble accounting standards have beon followed, subject lo any materi81
departures disclosed and explained in the financial slalemenls," and
prepare the financial slalemenls on Iho going concem basis unless rt is inapprow'ale lo
prosume that the ¢h8rily will conbnue in business.
lal
Ibl
Icl
Idl
th• IN$te69 8re responsibl8 for keoping adequate accounting records that are suffiaent to show
and explain the company's transactions and disclose with reasonable accuracy al any lime the
financi81 position of tho charity and that enable them to ensure that the finanaal Slalemenis
comply wilh the Charities Act.,
the tnJsle8s are responsibl8 for $8fegu8rding the assets of the charity and hence for tskj'ng
reasonable steps for the prevenllon 8nd dèieclion of fraud and other irregularib'es". and
where 8pproprial$, the trusleas are responsible for the maintenance and inl¢grily of the
Corporate and financial information induded on the charity's web$il8.
Each of the porsons who 8r6 trustees at th8 time when the report is approved, Ihe following
applies,.
lal so far as each Iruslee is aware, there is no relevant infomatson linlomialicn needed by the
company's independent examiners in ¢onnection with preparing their r8p)rtl of whith the
comp8ny's ind8penOanl examiners a￿ unaware,, and
Ibl e8ch trustee has taken 811 the steps that he ought lo have taken as a trustee in orderlo make
himself aware of any relevant audit informats'on and lo establish that the comp8ny's indepeThlent
examiners are aware ol that infom)ation.
Jaek¥oK Nichol￿A.$$ie LimiiedCharleredCerlifiedAccounlants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Trustees. Annual Report
Year ended 31 May 2024
The trustees, annual repcft was apFYoved 18 July 2024 and signed on behalf of the board of Iruslees
by..
N Campsie
Tnjstee
P Amold
Truste8
Jackson Nichol￿ Assie Limliedcknrle￿dCerlifledAceUU￿la￿ts

The Tasso Foundation (formerly operating as The Madison
Foundation)
Independent Examinerfs Report to the Trustees of The Tasso Foundation
(formerly operating as The Madison Foundation)
Year ended 31 May 2024
l 10 the trustees or¢ my examination of th8 financial slalem6nls of The Tasso Foundation Iformody
operating as The Madison Foundation) I'lhe charity'l for the year ended 31 May 2024.
Responslbllltle8 and bas18 of report
As the Injslees of the chanty, you are responsible for the preparation of the financial slalemenis In
accordance with the reqL*irements of the Charities Act 20111'the Act'l.
I report in respect of my 8xamlnalion of th8 chanty's financial $tslements carried out under section 145
of the 2011 Act and in ¢arrying out my examination I have followed all the applicable Directs"ons given
by the Charity Commission under section 14515llbl of the Act.
Independent ex•mlnerfs statement
I have compl818d my examination. I confirm that no material mallers have come to my allenllon in
connection with the 8xaminab.on giving me ¢aus8 to believe that in any material r¢spe¢l'.
accounting records were not kopl in respect of the Gharity as required by section 130 of the
Act., or
the financial statements do not accord wllh those records,. or
the financial statements do not comply wfth the appllcable requirements concerning the fomi
and conlenl of accounts sel out in the Charities IA¢counls and R8portsl Regulats'ons 2008
other than any requirement that the accounts give a 'lrue and fairf view which is not a matter
considered as part of an indèpendent 8xaminalion.
I h8ve no concems 8nd have como across no other matters in connection with the examination lo which
attenlion should be drawn in thls report lo enable a prop8r understanding of the accounts to be reached.
John Assie FCCA
Independent ExAminer
Jacksojj Nicholas Assie Limited
ChArtered Certifjed Accountants
Suite 7, Meridian House
62 Station Road
Ching>ford
London E4 7BA
Date 19 July 2024
Jackson NIchol￿AssIe Limiled Chariered CeriifiedAccoulllanls

The Tasso Foundation (formerly operating as The Madison
Foundation)
Statement of Financial Activities
Year ended 31 May 2024
2024
Unrestricted
funds Total funds Total funds
2023
Not•
Income and end0￿ents
Donalions and legacie$
Investment income
Other income
333
1,519
333
1,519
41XJ
Total Income
1.852
1,852
Expendlture
Expenditure on Charitab￿ aclivits'es
Total expendlture
126,795}
126.7951
126,795}
126.7951
141,6701
141,6701
Net expendlture and net movement In funds
{24,9431
{24.9431
141,086)
Reconclliatlon of fund$
Total funds brought forward
Total funds carried fobward
276,023
276,023
317,1CKJ
251.080
251.080
276,023
The statement of financial activslies indudes all g￿nS and losses recognised in the year.
All income and experKliture derive trom continuing activities.
The notes on pages 10 to 14 form part of these flnanclal statements.
Jackson Nicholaw AsJie Limiledchariered CenifiedAecouniap

The Tasso Foundation (formerly operating as The Madison
Foundation)
ststement of Financial Position
31 May 2024
2024
2023
Current assets
C8sh at bank and in haNJ
251,080
276.233
Credltorn: amounts falllng due within one year
Net current assets
13
12101
276.023
251,080
Total assets less curnt Ilablllties
251,080
276,OZ3
Funds of the charlty
Unrestn'ded funds
Total charlty fvnds
251,080
276,023
14
251.080
276.023
These financial stalemenls were approved by the board of trustees and aUth￿ised for issue on 18 July
2024, and are signed on behalf of the l)oard by..
The notes on pages 10 to 14 forni part of Ihese financlal stalemen
P Amold
Trustee
rus
J¢ickson NIchol￿AsSie Limiiedcharlered CertifiedA¢cowifants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Statement of Cash Flows
Year ended 31 May 2024
2024
2023
Cash flovts from operating artlvltles
Net expenditure
{24.943)
141,O&S)
Adjustments for
Other interest receivable and similar In￿Me
11,5191
Changes in..
Trade and other creditors
(210)
126,672)
210
Cash generated from operations
140.B76)
Interest received
1.519
(25.153)
Nel cash used in operating activities
(40,87
Net decrease In cash and cash equlvalents
Cash and cash equivalents al beglnnlng of year
Cash and cash equivalents at end of year
{25,153)
276,233
{40.8761
317,1Cg
251,080
276.233
Jackyon Nichol￿ASsie Limiled CknieredCerlifiedAccoihtants

The Tasso Foundation (formerly operating as The Madison
Foundation)
Notes to the Financial Ststements
Year ended 31 May 2024
General Infomiatlon
The charity is a public benefit ents'ty and a registered Charity in England and Wales and is 8
Charilable Incorpooled Ofganisalion. The address of the prinapal office is 12 Devonshire Mews
Wesl. London, W1G 6QE.
Statement of compliance
The financial statements have been prepared in accordan￿ with the Slalemenl of Recommended
Practice." Accounting and Rewrting by Charities preparing their accounts in acwrd8nce with the
Financial Reporting Standard applic2ble in the UK and Republic of Ireland (FRS1021 issued in
October 2019 and the financial reporting s18ndard applicable in the United Kingdom and Republic
of IrelaThJ {FRS1021 and the Ch2rilies Act 2011, the Companies Act 20C6 and UK Genwally
Accepted Practice a$ il applies from 1 January 2019.
Accountlng pollcles
Basls of preparatlon
The financial slalements have been prepared on the historical cost basis.
The financial statements are prepared in steding, which is the functional Cufrency of the entity.
Golng con¢em
There are no material uncertainties about the charity's abilty to continue.
Judgements and key sOU￿e$ of ¢stim•tion uncertalnty
The preparation of the financial statements requires management to make judgements. estimates
and assumpb'ons th81 affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
firture events that are believed to be reasonable under the circumstances. There have not t)een
any judgements (apart from those Involving estr"mationsl that management has m&#e in the
process of applying the entity's accounting policies and that have the most signrficant effect on the
amounts recognised in the financial slalements.
Fund accountlng
Unre51ricted funds are availat￿6 for us$ al the discretion of the INstees to further any of the
chanty's purposes.
Designated funds ar8 unrestricted funds aamiafked by the trustees for future project or
commitment.
Reslricled funds are subjected to reslricts'ons on th8irexp8nditur8 dedarsd by the donor orthrou
the lemis of an appeal and fall into one of h¥0 sub-dasses-. reslneled income fvnds or endowment
fijnds.
Jackyon NicholagAsJie Limiled CharieredCeriifiedAccowilants
io

The Tasso Foundation (formerly operating as The Madison
Foundation)
Notes to the Financlal Ststements (Continu
Year ended 31 May 2024
Accounttng pollcles {contlnu•
Incomlng resources
All incoming resources are included in the stsiemenl of financial actimlies when enlillemenl has
passed to the charity.. it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specrfic policies are
applied to particular categories of income-.
income from donations or grants is Trcognised when there is eviden￿ of entitlement to the
gift, receipt is probable, and ils amount can be meaSU￿d ￿lably.
legacy income 15 recognised when rec8ipt is probable, and entilement is established.
income from donated goods is measured al the fair value of the gcods unless triis is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated fac41itres and services are reC￿Jnised in the accounts
when received if the value can be reliably measured. No amounts are induded for the
¢onlribulion of general volunteers.
income from contracts for the supply of services is reeognised wilh the delivery of the
conlracte(Y service. This is classrfied as unrestricted funds unless there is a contractual
requirement for il to be spent on a pa￿CUlar purpose and retumed rf unspen( in which case
it may be regarded as restricted.
Resources expended
ExFendilure is recognised on an accruals basis as a liability is incJJrred. Expenditu￿ indud8s any
VAT which cannot be fully recovered, and is dassified uTrJer headings of the slalemnt of financ481
activities to whith il relates..
expenditure on raising funds indudes the costs of all fvndraising aGtiviti8s. events. r￿n-
charitable trading acts'wlies, and thg sale of donated goods.
expenditure on charitable activrties indud8s all costs Incu￿ed by a charity in undertaktng
activities that further ils ch8ri18ble aims for the benefit of ils b￿8ficIans$, including those
support costs costs relats'ng lo the govemance of th& chanty apw1ioned lo ¢harilabl8
gclivi11oS.
otherexpendilure includes 811 expenditure that is neither reialed to raising fundsforthe charity
nor part of ils expenditure on chantablo acti￿tIes.
All costs are allocated to expendrture categories rgllecling the use of the resource. Direct costs
attrtb¢Jlabl8 lo a siryle activity are all￿ated directly lo that acti￿ty- Shared costs are aFpc*b"oned
be￿een the 8Ctivilies they eLJnlribule to on a reasonable, justffiable and consisleDI b851S.
Jackson NicholaFAssie LimiiedCharieredCerTrfiedAccovniants
li

The Tasso Foundation (formerly operating as The Madison
Foundation)
Notes to the Financial Statements (conlinue4lJ
Year ended 31 May 2024
Accountlng pollcles (¢oniinuwQ
Flnanclal Instruments
A finanoal asset or a finanaal liability is recognised only when the entity becc￿neS a paty lo the
contractual provisions of the inslrumenl.
Basic financial instruments a￿ initially recognised al the amount receivablè or payable induding
any related Ir8nsaclion costs, unless the arrangement constitutes a financing transaction, where it
is recognised at kne present value of the fulure payments discounted at a market rate of interest
for a similar debt inslrumenl.
Current assets and cJJrrent liabilities are subsequently measured at the cash or otherconsideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Donations and lega¢les
un￿StriCted Total Funds Unrestricted Totd FuThJs
Funds
2024
Funds
2023
Donatlons
Donations
333
333
Investment Income
Unrestricted Total Funds Unrestricted Totd FuThJ$
Funds
2024
Funds
20r3
Bank interest feceivable
1,519
1.519
other Income
Unre$lricted Total Funds Unrestricted Totsl Furvjs
Funds
2024
Funds
2023
Other income
400
4¢X)
Expendlture on charltable actlv5tles by fund type
Unrestricted Total Fund$ Unr95tricted Total Funds
Funds
2024
Fund$
2023
To promote soaal inclusion within
UTrited ￿ngdoM
Support costs
25,595
1,200
25,595
1.200
26,795
40,5C
1,170
41,670
40,500
1,170
26,795
41.670
Jackfon NicholofAssie LimiledChapiepedCerlifiedAecounlants
12

The Tasso Foundation (formerly operating as The Madison
Foundation)
Notes to the Financial Statements (conllnu•4
Year ended 31 May 2024
Expendlture on charltable actlvltles by actlvlty type
Acts'vilies
undertaken
d1￿cl1Y
Support Tolal funds
costs
2024
Total fund
20YJ
To promote soc4al inclusion within
United Kingdom
Governance costs
25.595
25.595
1.200
40,5ty)
1.170
1,200
1.200
25,595
26,795
41,670
Analysi$ of support costs
Corporation
Tax Filing
Fee
Accounts
Fees
Total 2024 Total 2023
Governance costs
210
1,200
1.170
10. Independent examlnatlon fees
2024
21723
Fees payable to the independent examiner for..
Independent examination of the finanaal $18tements
11. Stsff costs
The tol81 staff costs and employee benefits for the reporting period are analysed as fdl(Ms.'
There were no staff costs or employee benefits for the reporting year12023'. Nil).
The average heay count of employees during the year was Nil12023.' Nil).
No employee received employe8 benefits of more than £60,OC(J during the year {2023." Nill.
12. Trustee remuneratlon Ind expenses
no remuneration or other benefits from employment with the charity or a rel8led entrty were
receivod by the Iruslees., or
no trustee pr other person related to Ihe Charity had any personal interest in any conlra¢t or
transaction entered by the charity during the year.
no trustee expenses have b88n incurred
Joekson NicholafAssie Limiied ChariepYdCerlifiedAccouAiants
13

The Tasso Foundation (formerly operating as The Madison
Foundation)
Notes to the Financial Ststements (contin
Year ended 31 May 2024
13. Credltors: amounts falllng due wlthin one year
2024
2023
Other creditors
210
14. Analysls of charltable fund$
Unrestricted funds
Al
1 June 2023
At
Income Expenditure 31 May 2024
General funds
276,023
1,852
126,7951
251,0
At
1 June 2022
Al
Income Expenditure 31 May 2023
General funds
317.109
(41,670)
276,023
15. Analysls of net assets between funds
unrestn.cled Total Funds
Funds
2024
Current assets
Creditors les$ than 1 year
251,080
251,0
Net assets
251,080
251,0
Unrestricted Tota FuThJs
Funds
2023
Current assets
Creditors less than 1 year
Net assets
276.233
12101
276.023
276,233
1210)
276,023
16. Analysls of changes In net debt
At
At
1 Jun 2￿3 Cash flows 31 May 2024
276.233
{25,153)
251,080
Cash al bank and in hand
17. Related partl¢s
There are no related party transactions that have occurred during the yew.
Jackson Nicholay Asjie LimiiedChapieredCeriifiedAccoun¢anls
14