## **Trustees’ Annual Report for the period** ## **From 1 January 2021 Period start date To 31 December 2021 Period end date** ## **Charity name: The Telos Foundation** ## **Charity registration number: 1183271** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the Para 1.17 The Charity’s objects (“the Objects”)
purposes of the charity a.To advance education and research
as set out in its for charity leaders to enable charities
governing document to sustain their services into the future
in subjects relating to leadership
b.To make grants and donations to
charities chosen by the trustees that
are specifically recognised for their
ability to design and deliver training
programmes to develop the individual
capabilities, competencies and
understanding of future strategic
leaders, to enable charities to sustain
their success over the long term; and
c.To make grants and donations to
charities chosen by the trustees that
are specifically recognised for their
ability to design, conduct and publish
research to add to the collective
knowledge of an approach to the
leadership of organisations, that
creates benefit for stakeholders and
society through a focus on purpose,
values, relationships and the long
term.
Summary of the main Para 1.17 and Provided bursaries to individual charity
1.19
activities in relation to leaders to attend Windsor Leadership
those purposes for the programmes.
public benefit, in Each Bursary holder provides a
particular, the activities, reflective statement of their
projects or services experience and particularly the impact
identified in the their learning has created in their
accounts. charity for the public benefit.
Statement confirming Para 1.18 The trustees have close regard to the
whether the trustees guidance issued by the Charity
have had regard to the Commission on public benefit.
guidance issued by the
Charity Commission on
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public benefit ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
SORP reference
Para 1.38 Grant-making Policy - September
Policy on grant making 2022
Purpose
The purpose of this policy is to set out
the principles, criteria and processes
that govern how The Telos Foundation
makes grants across all fund types
and the Foundation’s domestic
priorities.
A grant is defined as a financial award
made by the Foundation from its
funds to support charitable activities
by registered charities.
Under the terms of the
constitution, the Board of
Trustees will apply funds to the
“Objects of The Telos
Foundation”
Grant Making Criteria
The aim of the grant-making criteria is
to provide clear information from the
Board of Trustees to those individuals
and organisations who apply for
grants and to whom grants are made.
Clear guidance on criteria for
applications from individuals and
groups is a part of this policy. The
Trustees may review these criteria
from time to time and, if necessary,
amend or update them.
Grant requests which the Board of
Trustees will normally support are:
§ Organisations nominated by the
Trustees
§ Current or potential charity leaders
§ Support research to enable a
charity to be sustainable
§ Enhance the potential to achieve
long-term sustainable outcome.
Grants will not normally be made
retrospectively.
N/A
Para 1.38
Policy on social
investment including
program related
investment
N/A
Para 1.38
Contribution made by
volunteers
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Other ## **Achievements and Performance** SORP reference The main achievement has been to sponsor five individuals from quite different charities to attend Windsor Leadership programmes. Summary of the Para 1.20 These individuals would not have been able main achievements to attend the ‘Emerging Strategic Leaders’ of the charity, or ‘Developing Strategic Leaders’ identifying the difference the programmes if The Telos Foundation had not charity’s work has provided these bursaries. made to the **Name Role Charity WL** circumstances of its **Program** beneficiaries and **me** any wider benefits Jo Morley Head of City to Sea Emerging Marketing Strategic to society as a & Leaders whole. Campaigns 2021 Peter Informatio Bliss Developin Bradley n & g Leaders Support Programm Manager e 2021 Laura Assistant IntoUniversi Developin Culverhous Director of ty g Leaders e Operations Programm e 2021 Helen Head of Rethink Emerging Garnham Equalities Mental Strategic Illness Leaders 2021 Sophie Head of Trussell Emerging Carre Partnershi Trust Strategic ps & Leaders Audience 2021 Engageme nt As a result of these individuals attending the programmes, they have been able to return to their charities as better, well equipped leaders. We are able, through regular communication with our bursary holders, to observe the growth and impact of their charities on society. ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Our objective is to utilise all our funds
to provide 4-5 bursaries per year. This
Achievements against Para 1.41 was achieved in 2021.
objectives set
N/A
Performance of
fundraising activities Para 1.41
against objectives set
N/A
Investment performance Para 1.41
against objectives
Other
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## **Financial Review** Review of the charity’s Para 1.21 Contained in the report of the Annual financial position at the Accounts 2020/2021 end of the period Statement explaining Para 1.22 the policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially Para 1.24 in deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
The Telos Foundation receives its
funds from Telos Partners
The charity’s principal International Limited. Telos Partners
sources of funds Para 1.47 International Limited invoices
(including any quarterly Telos Partners LLP. This, in
fundraising) return for their use of the intellectual
property (IP), held by The Telos
Foundation.
N/A
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
N/A
A description of the Para 1.46
principal risks facing the
charity
Other
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## **Structure, Governance and Management** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 A deed of trust
document
(trust deed, royal
charter)
How is the charity Para 1.25 Limited Company, limited by
constituted? guarantee
(e.g. unincorporated
association, CIO)
Trustee selection Para 1.25 N/A
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
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Additional information (optional)
You may choose to include further statements where relevant about:
N/A
Policies and procedures
adopted for the Para 1.51
induction and training of
trustees
N/A
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
N/A
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details** **----- Start of picture text -----**
Charity name The Telos Foundation
Other name the charity N/A
uses
Registered charity 1183271
number
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**----- Start of picture text -----**
Charity’s principal Admiral House
address St Leonard’s Road,
Windsor
Berkshire
SL4 3BL
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Alan Davies Chair
2 Peter Ward
3 Coralie Hooper
4 Iain Cameron
5 Sarah Wright
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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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 **----- Start of picture text -----**
Trustee name Dates acted if not for
whole year
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## **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 N/A for 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)** Jennifer Liska **Full name(s)** Alan Davies **Position (e.g.,** Chair Company Secretary **Secretary, Chair, etc)** **Date** 05/10/2022 REGISTERED COMPANY NUMBER.. 06625059 (England and Wales) REGISTERED CHARITY NUMBER.. 1183271 Report of the Trustees and Unaudlted Flnanclal Statements foi the Year Ended 31 December 2021 for Th8 T8105 Foundation Campbell Accountancy Limited Chart8r8d Certified Afy))unlants Old Chapel The Green Lower Boddington Northamplonshir8 NN116YE The Telos Foundatlon Contents of the Financial Statements for the year ended 31 December 2021 Page Report of th8 Trustees Independent Examlner's Report Statement of Financial Activitl85 Balanc8 Shaet Notes to the Flnanclal Statements Detalled Statement of Flnancial Aetivitle5 10 The Telos Foundatlon Report of the Trustees for the year ended 31 December 2021 The trustees who ar8 8150 directors of th8 charity for the purposes ol the Companies Act 2006, presenl their report wth the financial sl8tem8nts of the charily for the year ended 31 De￿mber 2021. The trustees have adopted the provisions of Accounting 8nd Reporting by Charities. Slalemenl ol Recommended Pr8Ctice applicable to charities preparing their a¢rnunis in aCcord8n￿ with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governln9 document The charity is controlled by it5 goveming document, a deed ol tru51, and constitutes a limited (x)mpany, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06625059 (England and Wal8sl Regist8r8d Charity number 1183271 RÈglsts¥ed offl¢e Admiral House St Leonards Road Windsor Bert(shire SL4 3BL Trustees Professor l T Catneron Trustee A B C Davies Management Consultant P C Ward M8nagem8nl Consultant Dr S L Wright Trust8e Mrs C Hooper Consultsnt lappointed 5110120211 Company Secretary Mrs J Liska Independent Exarniner Campbell Accountan¢y Limited Charte￿d Certified Accountants Old Chapel The Gree Ltswer 8oddington Northamplonshirg NNI 16YE Approved by orderof the board of trustee5 tsn . and signed on ils behalf by.. vies- Tru51ee Page 1 Independent Examlner's Report to the Trustee5 01 The Telos Foundation Independent examiner's report to the trustees of The Telos Foundation I'the Company'l I report lo the charity trusle8s on my examination of the accounts of the Cotnpany lor th8 year ended 31 De￿mber 2021. Responslbilsties and basis of report As the challly's trustees of the Company land also 115 directors for the purposes of company lawl you are responsible for the preparation of the account5 in accordanc8 ￿th the requirements of Ihe Companies Act 20061'the 2006 Act'l. Having satisfied myself that the 2ccounts of the Company a￿ not requir￿ to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I rewrt in respect of rny examination of your charity's aC￿UnIS a5 ￿rried out under section 145 01 the Charities Act 2011 I'lhe 2011 ACVI. In canrying out my examin8tion I have followed the Directions given by the Charity Commi55ion under s6ction 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my &xamination. l ￿)nfIrM that rD matters have cL)me to my attention in connection wlh the examination giving me cause lo b81i8ve'. accounting records We￿ not kept in respect ol the Company a5 required by s8Ction 386 of th& 2006 Act," or the accounts do not accord with those records.. or the accounts do not compty with the accounting requirements of seclion 396 of the 2006 Ad other than any requiremonl that th8 acwunts give a true and fair view whid) is Th)1 a matter Considered as part ol an indep8ndent examination., or th& accnunls have not been prepared in 8¢cordance with the methods and prIn￿pIeS of the Slalement of Recommended Practice for accounting and reporting by chzritie5 Izpplicab18 to charities pEparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R8publi¢ ol I￿land IFRS 10211. I have no COn￿rn5 and have come across no other matters in ra)nneclion with the examlnation to which attention should be drawn in this report in order to enable 8 proper understanding of the accounts to be reached. And￿￿ Campbell FCCA Campbell Accountancy Limrted Chartered Certified Account3nts Old Chapel The Green Lower Boddington North8mplonshire NN116YE Date.. Page 2 The Telos Foundation ststemènt of Financial Activities forthe year ended 31 December 2021 2021 Total funds 2020 Total fund5 Unreslri¢ted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 19.484 12,855 32,339 31.863 EXPENDITURE ON Raising funds 97 Charltable a¢tlvltles Grants made 25.005 25,005 9.185 Other 206 208 Total 25,211 25.213 9,282 NET INCOMEIIEXPENDITUREI 15,7271 12,853 7,126 22.581 RECONCILIATION OF FUNDS Totsl funds brought fO￿ard 23,149 23,149 568 TOTAL FUNDS CARRIED FORWARD 17,422 12,853 30,275 23,149 The not8s form part of these finanixal slalements Page 3 The Te105 Foundation Balance Sheet 31 De¢ember 2021 2021 Totsl funds 2020 Total funds Unreslricled fund Restricted fund Not8S FIXED ASSETS Inv￿tmentS CURRENT ASSETS Debtors Cash at bank 11.425 5.997 2,955 9,898 14.380 15,895 21,941 1,208 17,422 12,853 30,275 23,149 CREDITORS Amounts falling due within one year 131 131 121 NET CURRENT ASSETS 17.419 12,853 30,272 23,147 TOTAL ASSETS LESS CURREwf LIABILITIES 17,422 12,853 30,275 23,149 NET ASSETS 17A22 12,853 30,275 23,149 FUNDS Unrestricted funds Restricted funds 17,422 12,853 23.149 TOTAL FUNDS 30.275 23,149 The charitable coThpany is entitled to exetnption frorn audit und8r SeclK)n 477 of th8 Compani8s Act 2006 for the y8ar ended 31 Decernber2021. The Members have not required the eomp8ny lo obtain an audit of its financial statements for th8 year ended 31 De￿mber 2021 in a￿rdan￿ ￿th Section 476 01 the Companies A¢1 2006. The trustees ad(nowledge their responsililities for lal ensuring that the charilable Ix)rnpany keeps accounting re￿rdS thal cornply with Sect￿n$ 386 and 387 of th8 Companies Act 2006 and pr8paring financial slalemenls which give a true and fair view ol the slate ol affairs of the charitab18 company as al the end of each finan¢ial year and of its surplus or deficit for each financial year in accord8n¢e with the requirements ol Sections 394 and 395 anEJ which othetwise comply with the requirernent5 of the Cornpanies Act 2006 relating to finallcial statefflenls, 50 lar as applicable to the charit8b18 cornpany. Ibl Th￿e financial statements h8ve been prepar8d in a¢cA)rdance wth the provisions applicable to charitable (x)mpanies subj¥1 lo the small ￿mpanIeS regime. The finan 'al statements were approved by the 8oard of Trust88S 8nd authoris￿ for k%sue . and were Signed on its behaw by.. on B C D8vies- Trustee The notes form part of these financial Statements Page 4 The Telos Foundatlon Notes to thÈ Flnan¢lal Statements for the year ended 31 December 2021 ACCOUNTING POLICIES Basis of praparing the financial statsments The financial statements of Ihe charilable Company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and ReportirvJ by Charities. Statement ol Recommended Practice applicable lo charities preparing their accounts in 8ccordance wilh the Financial Reporting Standard appIl￿ble in Ihe UK and Republic of Irdand IFRS 1021 leftedive 1 January 20191., Financi81 Reporting Standard 102 'Th8 Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Acl 2006. The financial statements have been prepared under the historical cost nvention, with the exception of investments which a￿ included at market value. Income All in(x>m8 is recognised in the Statement of Financial Activitl8s once the charity has enlillement to the fuTrd5, It is probable that th8 in(x>m8 will be receiv8d and the amounl can be measured reliably Expendlture Liat>ililies a￿ re¢ognised as expenditu￿ as soon as theo is a legal or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic b&nefit5 will b8 r8quired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 8¢cruals basis and has been classified under headings that aggregat8 all cost related to the category Where costs cannot be dire¢tly attributed lo particular h8adings they have been allocated to activities on a basis consistent with the use of resources Grants offered subjed lo Conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The charity is exempl from corporation tax on its charitable a¢tivilies. Fund accounting Unrestricted funds can be used In accordan￿ with the charitable objectives at the discretion of th& trustees. Restricted funds only be used for particular restricted purposes within the objects of the charity. Restrictions arise when sp8crfied by the donor or when funds ar8 raised for particular restricted purposes. Further explanation of the nature and purpose of eath fund is included in the notes to the financial statements. RAISING FUNDS Ralslng donatlons and legacles 2021 2020 Support I￿S 97 TRUSTEES, REMVNEI%ATION AND BENEFITS There were no Iruslees, ￿MUneration or other benefits for the year ended 31 oe￿mber 2021 nor for the year ended 310ecember 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 De￿mber 2021 TK)r for the y88r ended 310e¢ember 2020. Page S continued. The Telos Foundztion Notes to the Financial Statements- contlnued for the year ended 31 De¢ember 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restri¢led fund Total funds INCOME AND ENDOWMENTS FROM Donations and legao 31,863 31,863 EXPENDITURE ON R8ising funds 97 97 Charitable activities Grants made 9,185 9,185 Total 9,282 9,282 NET INCOME 22.581 22,581 RECONCILIATION OF FUNDS Total fund5 brought forward 568 568 TOTAL FUNDS CARRIED FORWARD 23,149 23.149 FIXEO ASSET INVESTMENTS Shares in group undertaking5 MARKET VALUE At 1 January 2021 Additions At 31 D8C8mb8r 2021 NET BOOK VALUE Al 31 De￿mber 2021 Al 31 December2020 Th8r8 w8r8 no inv85tmenl asset5 outside the UK. The companls investments at the balan￿ sheet date in the Sha￿ caprtal ol eompani&s include the following.. Telos Partners International Limited RegISte￿d office". Adfflir31 House. Sl Leonards Road, Wind50r, B8rkshir8, SL4 3BL Nature of business.. Licencing of Intellectual Property Class of share= Ordinary £1 holding 100 2021 2020 Aggregat8 Caprtal and reserves 56,993 56,993 Page 6 cnnlinued... The Telos Foundatlon Notes to the Financlal StstÈments- ¢ontinued for the year endeil 31 December 2021 FIXED ASSET INVESTMENTS- ¢ontinued Tomorrow's Company IEnterprisesl Limited Regisler8d offic8'. Admir81 House Icjo The Telos Foundalionl.St Leonard's Road, Windsor, SL4 38L Nature of business. Public relations and cornmunications Class ol share.. Ordinary £1 holding 100 31112121 3016121 Aggregate capital and reserves ProfiUIIos51 for the period 11.2371 11.2381 1,238 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Prepaym8n15 and accrued in(x>Fn8 14,380 21,941 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Amounts owed to group undertakings MOVEMENT IN FUNDS Net movement in funds At 31112121 At 111121 Unrestricted funds General fund 23,149 15,7271 17A22 Restricted funds Tomrrows Company 12.853 12,B53 TOTAL FUNDS 23,149 7,126 30,275 N8t movement in fund5, included in the above are as follows.. Incorning r8sources Resources &xp8nded Movement in funds Unre$trlded funds General fund 19,484 125,2111 5.7271 Re8trlcted funds Tomorro¥Vs Company 12.855 121 12,853 TOTAL FUNDS 32,339 125,2131 7,126 Page 7 continued.. rhe felos Foundation Notes to the Financial Slatement5- continued for the year ended 31 Decemb8r 2021 MOVEMENT IN FUNDS- continued Comparatlves for movèment In fund$ Nel movement in funds At 31112120 At 111120 Uniestrl¢ted funds G8neral fund 568 22,581 23.149 TOTAL FUNDS 568 22,581 23.149 Comparative net tnoveTnent in funds. induded in the above are a5 follow5.. Incoming sour Resources expended MovemerTrt in funds Unrestrfcted funds General fund 31,863 19,2821 22.581 TOTAL FUNDS 31,863 19,2821 22.581 A Dj￿nI year 12 months and prior year 12 months ￿Mbined p)srtion Is as follows". Nel rnovemenl in funds At 31112121 At 111120 Unr85trict8d funds General fund 568 16.854 17.422 Reslrl¢ted funds Tornorrow'5 Company 12,853 12.853 TOTAL FUNDS 29,707 30.275 A current y8ar 12 rnonth5 and prior year 12 months (x)mbined net rnov&rnent in funds, included in the above a as follows.. In(y)ming resources Resour expended Movernent in funds Unrestricted funds General fund 51.347 134,4931 16.854 Restrt¢ted lund$ Tomorrow's Company 12,855 121 12,853 TOTAL FUNDS 64,202 134,4951 29.707 Page 8 (x>nlinu8d... The Telos Foundation Notes to the Financial Ststements- contlnued for the year ended 31 December 2021 RELATED PARTY DISCLOSURES During the year The Te105 Foundation received donations of £fj9,484 12020." £31,863) frotn ils wholly owned subsidiary (x)mp8ny, Td05 Partn8rs Inlemational Limrted. During the year The Telos Foundation received donation5 01 £2,955 frorn ils wholly owned subsidiary company, Tomorrows Company {Enterp￿se$l Limited. Page 9 The Telos Foundatlon Detailed Ststement of Flnan¢ial Activltles for the year ended 31 December 2021 2021 Total funds 2020 Totsl fund5 Unrestricted funds Restrict funds INCOME AND ENDOWMENTS Donations and legacles Don81ions 19,4B4 12,855 32,339 31,863 Totsl illcoming resources 19,484 12,855 32,339 31,863 EXPENDITURE Charrtable a¢tlvltle$ Sundries Grants to institutions 100 8.460 25.005 25,005 25,005 25.005 8.560 Support Costs Management Sundries 100 100 Finance Bank charges 27 Govemance ¢o$ts Postage and stationery Sundries Accountancy and legal I￿$ 70 13 612 13 12 13 12 102 102 695 Total resources expended 25,211 25,213 9,282 Net Income 15.7271 12,853 7,126 22,581 This p8ge does not form p8ri of the statutory financial statements Page 10 Independent Examiner's Report to the Trustees of The Telos Foundation Independent examiner's report to the trustees of The Telos Foundation ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination" or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Andrew Campbell FCCA Campbell Accountancy Limited Chartered Certified Accountants Old Chapel The Green Lower Boddington Northamptonshire NN116YE Date: Page 2