Trustees’ Annual Report for the period
From 1 January 2023 Period start date To 31 December 2023 Period end date
Charity name: The Telos Foundation
Charity registration number: 1183271
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Charity’s objects (“the Objects”) a.To advance education and research for charity leaders to enable charities 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 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 |
Provided bursaries to individual charity leaders to attend Windsor Leadership programmes. Each Bursary holder provides a reflective statement of their experience and particularly the impact their learning has created in their charity for the public benefit. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have close regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about: SORP reference
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | Grant-making Policy 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. |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | N/A |
| Other |
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 | The main achievement has been to sponsor three individuals from quite different charities to attend Windsor Leadership programmes. These individuals would not have been able to attend the ‘Emerging Strategic Leaders’ programme if The Telos Foundation had not provided these bursaries. List of Beneficiaries 2023 Tara Poore: Early Years alliance Luke Mallett: Young Lives vs Cancer Rachel Gray: Project Lighthouse Eli Gardner: Kids Matter As a result of these individuals attending the programme, 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:
Achievements against objectives set |
Para 1.41 |
Our objective is to utilise all our funds to provide 3-5 bursaries per year. This was achieved in 2023. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Contained in the report of the Annual Accounts 2023 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
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 |
The Telos Foundation receives its funds from Telos Partners International Limited. Telos Partners International Limited invoices quarterly Telos Partners LLP. This, in return for their use of the intellectual property (IP), held by The Telos Foundation. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | A deed of trust |
| How is the charity constituted? (e.g. unincorporated association, CIO) |
Para 1.25 | Limited Company, limited by guarantee |
| 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 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
N/A |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charity name | The Telos Foundation |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1183271 |
| Charity’s principal address | Admiral House St Leonard’s Road, Windsor Berkshire SL4 3BL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Alan Davies | Chair | |||
| Peter Ward | ||||
| Coralie Hooper | ||||
| Iain Cameron | ||||
| Sarah Wright | ||||
– 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
Trustee name Dates acted if not for whole year
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 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)
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 05/08/2024
REGISTERED COMPANY NUMBER: 08625059 IEngJand and Wa1881 REGISTERED CHARITY NUMBER.. 1183271 R¢port ofthe Trustees and Urnudlt•d Finan¢lal Stst•rnents tor tho Y•ar Ended 31 Decwnb•r 2023 for Th• T•lo• Foundatlon Camp*)ell ACConI3n¢Y LimTrt8d Chanered Certlfied Actountants Okl Chapel LceI Bdirlon Northamptorsslirè NN118YE
The Tdos Foundatlon Contents ofthe Financial Statements for th¢ year ended 31 December 2023 Page R•port of tho Twote Indgpendgnt E¥amlnerf• Rwirt Statèmont of Flnanclal Aetlvltl8S 8&1once Short Not•s to the Flnanclol Ststem•nl• S to 8 Detalled Ststemenl of Flnanelal Activiti
The Tg106 Foundation Report of the TrUstS for the year ended 31 December 2023 The truslegs who are also directors of the tharity for the puwposes of the Companie$ Act 21. pre88nl their report wilh the financial statements of charily for Ihe ye8r ended 31 Decernbey 2023. The trtst88s have &dopted the provisions of Accounting and Reporting by Charilks.. Statement of RecommeThJe¢J PTrctice appli¢abl• to charitie$ preparing thoir accounts in accoidance with lh8 Finandal Rwrung Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•min9 document The charity 1$ controlled by its govemin9 document, 8 deed ol Irust. and consltulos a Imltad company. Ilmltèd by guarantee, a8 deftned by Ihe Companies Act 2(KJ6. REFERENCE ANO ADMINISTRATIVE DAlL$ Rgglstèred Company number 06625059 (England and Wales) R•gl$tered Chaty number 1183271 Reglstèred offlc• Admlr81 House Sl Leonards Road Windsor B8rkshlr• SL4 3BL Tru8tee• Profès5¢r l T Cameron A B C Davi08 Pcward Dr S L Wrlghl Mr8 C Hooper Company Sr*tary Mrs.l Liska Indèpèndènt Examln•r Campbell Accountanw Umitèd lTrart8red Certffje(l Accountants Old Ch8pÈI The Gr8en Lower 8oddlngton Northamptonshire NN116YE Apwovtd by ordel of the board ol trustees on............ . and signed on tts behaw ty. avies- Tru$lee Page 1
Independent Examine¢s Report to the Ttee8 of The Telos Foundation Intlependent examin•Vs report to the trustees ol The Tel Foundatlon {'the Company'l report to the charity trvstees on my examination of ts arlounts ol the Company for the year ended 31 Docember 2023. Responslbllltles and l)88i8 of report As the charily's trustees ol the Company land dso its directors for the purposes of Company lawl you are responsible lor the pr&por8tion of the acctsunls in actordanct with the requiremts ol the Companie8 2006 (kne 20(E Acfl. Havlng sSt15fied myself Ihai the acctyJThts ol the Company ale not reqUId lo be atmlited under Part 18 01 th6 20(6 Ae¢ and eligible for independent examination, I report in Spe<# of my exarNnation of your charills accoun15 a5 carried out uiidei Section 145 of Ihe Charit$ Ad 2011 2011 ACVI. In carrying oul ffly examination I ha¥8 flow8 Ihg Directions given by the Chanty CornmissK)n under Section 14515) (bl ol the 2011 Act. Indopend&nt oxamlnerf8 $tstsmont I have cornpleled my examination. I confinn Ihal no matters have lo my aitenlioTh in conn8¢1ion wth th8 amination giving tne cause lo believe.. accounting rerA>ids werè noi kept in resp8Ct of Ihe Company as rewwed by Section 388 of Ihe 20C6 Act., or the aecouril$ do nol accord Yath Ih)se iecord5', or the accounts do not cornply wth th8 accounting requirements of Section 396 01 Ihe 2(6 Act othai than any requirement that the accounts giv& a Irue and lalr is not a maller consid&red os p9rl of èn ind8P8nd8nl ex8minalion'. oi the accounts have not been pfopthrtd IrTr xcordanc• Vllth thé And prln¢lpi•$ of tho Slstemont ol Rocommend6d Practicè for acrA)untiwJ and rep(xling by charitS lappbcable to ch8rili8s prep8ring Iheir accounts in accordance with Ihg Fin¢1¥1 Reportlng StaThJar<l applicaL48 in the UK and Republi¢ of Irgland IFRS 10211. I have no cone6ms arKS havè cornè acr3 other m&tter8 In conn6Ctknn th Iht èxamlnation lo lch attention 8hould b¥ drwi in this report in order lo enable 8 propfrr uNJorstandin9 01 the accounts to bo roathad. rew Campb CA Campbo11 Ac%ountancy Umrtèd Chartered Certifl8d Aecoun18nl¥ Old Chapel The Gr8gn Lower 8oddington Northainptonshire NN17 6YE Dale.. Page 2
The Te108 Foundaljon Ststèm•Ert of Flnanclal A¢Uvities for the year ended 31 D8cémbv 2023 2023 Total funds 2022 Total Ends UnT85tricled Restiicted fund fijnd Notes INCOME AND ENDOWMENTS FROM Donolions and legacies 30,036 69.037 70,321 EXPENDITURE ON Charitable acU¥ltlo# Grants m8de 34378 39.601 73,879 80.907 Other 325 Totsl ¥866 39.502 74.368 81,232 NET INCOMWIEXPENDITUREI (B.86151 {9.466} 116.3311 110.9111 RECONCILIATION OF FUNDS Total funds brought forward 9,S16 19,364 30.275 TOTAL FUNDS CARRIED FORWARD 3.9B3 4,033 10.364 The notes form part of Ihese fin?rKi315taIets Page 3
The Telos Foundation Balanco Sheèt 31 Dè¢ember 2023 2023 Total fund$ 222 Totsl funijs LknreSiled lund Restried fund Notes FIXED ASSETS Investments CURRENT ASSETS Cash al bank 3.983 4,033 19,364 CREDITORS Amounts lallivJ due vhthin one y 131 NET CURRENT AsseTS 3,980 4.030 19.381 TOTAL ASSETS LESS CURRENT UABILinES 3.983 4.033 19.384 NET ASSETS 3,983 4.033 19,364 FUNDS Ui)16s1riclgd fund¥ R•8tricted fvnds 3,983 9.848 9.S18 TOTAL FUNDS 4.033 19.364 The thadlable company is 8nlhl¢(I lo ?xemWon from audh under Socon 477 of t Corn1 Ad 2C(fj for Ihg year ended 31 December 2023. The member8 h8vo no* reqwre(I Ihe Ccthpany lo ots of ts finants•l stotomonts for th• y•ar ended 31 December 2023 In accordanctr Sectbn 478 of tn• Companiu Acl 2. The trustees acknth4ethJe Ihèif responsibllrti86 for ensuring that the Chanlable company keep8 aco)unbNJ r•gyds that comK4y 1h S•ctitin• 388 and 387 gf th8 Comp8nie$ Act 2(Th and preparing finanual s&i8mÉnis lch give a Iru8 and lak viw of the stsie ol •ffa4rs of Ihe ¢h8ritabl8 comparty as at the end of each fin8noal year and ol Its $urp4uJ or d?firAI for each finantsal y88r in occordanee wilh Ihe requiremenls ol Secbons 394 and 395 and thich 01heiSe MplY th Ihts fequirgments ol Ihtr CompgnieB Act 2006 rolatirrfJ to finanrial $18tem8nts. so lar 4$ applrable lo Ihe char#able ca)mpany. These finanrial slatements have bgen wgparod in accordw)c• vnth the provisions aFpli¢th? lo charrtobla rgmpan 8ubj8¢t to the small companlo$ rwme. The f nanci 51atgrnenl$ were appro¥ed by the Boaid of TtU51e8s and •Jlhoris•d lor 186U . ond were swJnod on its behalf by.. on C iiavies- Trn5tee The notes fomi p8rt oflhe8e fin#81 $ts¢emwMS Page 4
Tht Telos Foundalion Notes to the Financial Statemor for th8 ygar otKlod 31 D8C8mbgr 2023 ACCOUNTING POUCIES Ba848 of preparing th• flnancial 8tat6ments The finanoal statements of Ihe charitsble company. a pubHc b8n8fi1 lIty under FRS 102. have been prepared in aCCo¥dare with the Chantses SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Re¢tsmmended Practice aprAieaNe lo chaiities prep9 their accounts in acrdanCe With the Flnanci Reporting Standard applicable in the UK and RepuNic ol Ireland IFRS 1021 lefiÈctiV8 1 January 20191., Flnancial Reporting Slandard 102 The FIn8n81 Repryting Standard 8p1¢0b1e Ihe UK and Republic of Iroland. and the Companies Acl 2006. Th8 finanad slalemenls have been prepared under the historical ctsst convanlion, yth th8 excepti ol Inv85tmeni8 whlc are Induded at market voluts. ItOMe ASI incorne is ra)gnised in the Statement of Fineial Athilw onct charity has etlemen1 to the fvnds, il Is probable that the inc4)me wll b8 rertved and the arnount can be m•asur8d Tgliably. Expenditure 8lyli1165 8r8 recogni4d 88 expenditure 88 a¥ thwo 18 a logal obllgation commithng th aiity to Ih8t expendrture, rt 1$ probable Ihat 8 tr8n$fer off economic beneffts will be required in Settlement and the amtsunt of the OlgalK)rn G4n l)e rneasured reliabty. Expenditure is 8cuJunled lor on an accruals basis and has been das5rfied under headings Ih8t aggregate all cost r8Faled lo the category. Wharo ¢OSt$ cannot b• dIr?Y attributed lo partIclar haading6 they have t¢n ¥lkKaled lo activities on * b88is con8islent wth the use of resources. Gr8n18 offèrad subject to rL)ndlilon¥ %vhkh have b••n Met at the year end data ar• noled a5 p commllrnent not 8crnJ8d as •yndAur•. Taxallon The ch8dly Is exempl from ¢orpornUon tax on tts ¢h4rltsbl• actN•8. Fund ac¢ounttng Unresmeted funds can b8 used tn 8¢tr)rd8nce th the eharrtablè oblodives 81 Ihe di8crn0n ol the tnJsl8e8. R8slricted lunds ean only be ud for partiul8r red pwpose8 wAthln ¢ho obleds oflhe ch8rily. Re8trfctlon8 arise when sfied by Ihe donor or whèn fund8 ere rni8fjd for ptrrtkular rtsitricttd purpo$. Furth8r explanation of the nalure and purpo89 of ga¢h ftJnd18 Indje In Ihg noto8 to tho financi81 st8l8m8nl8. TRUSTEE3' ReMUNEIiATION AND BeNeFrrs There no trust68' ramunernlion or other beneffts fof Iha y•ar nd•d 31 Dernber 2023 nor for th8 yeal ended 31 Decernbor 2022. Tru8lw' •xp•n••8 There were no Irust••i' wxrtBes ptyid for the yew dfjd 31 Docmbar 2023 nor for lh6 y&r 31 December 2022. COMPARATtVEg FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestrlcted frjnd Rfj8tricted lund Total frJnd5 INCOME AND ENDOWMENTS FROM Dofiattons and18gari6s 38.171 32.150 70,321 EXpENDuRE ON Charltsble acllvltle8 Grants made 45.420 35.487 80.907 other 325 325 Totsi 45,745 35,487 81,232 NET INCOMEIIEXPENDITUREI (7,574} 13.33T) {10.9111 Pa9e 5 contlnued...
The T&lo$ Foundatlon Notes to the Financtal Statements- continued for th& year ended 31 t)ecember 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestrtete(I Restrictwj (und Total fvnds RECONCILIATION OF FUNDS Tolal funds brcwht foThvard 17,422 12,853 30.275 TOTAL FUNDS CARRIED FORWARD 9.848 9,518 19,364 HXED ASSET INVESTMEKrs Shares In group undertaking8 MARKET VALUE At l January 2023 and 31 December 2tY23 NET BOOK VALUE Al 31 December 2023 At 31 December 2022 There wero no inveslmont a6Mi8 tyJId• UIL The company's invo8lmonl$ * th? balance 8t d&t8 In th• sharn capital ofo)mpgnle3 Indude lh6 follr.. Telos P*rtn•rn Int•matlonal Umlted R8gi81er8d office.. Admiral House. Sl LnrS Road, IMndBor, B&thsti(e. SL4 3BL Nalyre of businesB'. ¢nCIng ol Inlelk•ctual Prcpeity Cla55 of shgre. Ordin8ry £1 100 2023 2022 Agwegale cgpit¥l 8nd re¥eryeB Lo¥a forthg year 28,582 {10,9431 37,52S 119,4681 Tornorrow'• Comp•ny ienterprh•sl Lfjmlt•d Registered office.. Adrniral House Icjo The Talos Found¥lionl,St Leonards Road. Windsgr. SL4 3BL Nature ol busiiiess." relaknons arKI commurN¢atK)n8 Class ol share. Ordin8ry £1 )IdltYJ 100 2023 2022 A9gregate Ca¢81 and SerVeS Lo$$ foi the year (1,6501 19891 16601 16811 Page 6 eontinu8d...
Thè T•loB Foundatlon Notes to thè Flnanelal Statem¢nts- continued for the yèar ended 31 D8cembor 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Amounts ow8d to group und8rtakings MOVEMENT IN FUNDS Net movement in fvrKIs At 31112123 At 111123 Unrg8trtcted funds Gener81 fund 16,8651 3.983 Ro¥trfct•d fvnd9 Tomorrthrf$ Cornpany 9.61$ 19,4661 so TOTAL FUNDS 19.384 115.3311 4,033 Net mov8meTIt in fvnds, Indud•d In thg atove are as folM'. IrKoming re8OLwees R8soEWCè8 txpended Movement Sn funds Un¢t*d lund• Ggngral fund 29,001 {34.8881 16,8661 ROstrfct fund¥ Tomorrow5 Company 30,036 (39,S021 19,4661 TOTAL FUNOS 69.037 174.3681 115.3311 C0mporatlvo• for mov•ment In fvnd¥ mov•m?nt in funds At 31112r22 Al 111122 Unrestrtct•d lund8 General Ivnd 17,422 (7,5741 9,848 RtCted fundg Tomorrow8 Compeny 12.B53 13.3371 9.516 TOTAL FLINDS 30.275 110,9111 19,364 Page 7 Colltinued..
The Telos Foundauon 14ote$ to the Flnan¢lal Ststements. eontlnuod for the year ended 31 Oe¢ember 2023 MOVEMENT IN FUNDS- contlnued Comp8r8lNe net movement in funds. induded ) Ihe above are as follows.. IncJming sources Re$our¢es 6ypandwJ Movement in funds Unre5tr1cted fvnds General fund 38,171 14S,74S1 17.5741 Re5tr1ct8d fund5 TomorTovls Company 32.150 (35.48n 13.337) TOTAL FUNDS 70.321 (81,232) 110,9111 A current ygar 12 rnonths and prloryear 12 months eomblned as foknws.. Net mov&m6nl In frJnd$ Al 111r22 31112r23 Unre$trlct•d fund• G8ngral fund 17,422 113.4391 3.983 Restrlctsd fvnd• Tomtsrno¥Ws Company 12.853 112.8031 50 TOTAL FUNDS 30.275 126,2421 4.033 A rrent year 12 mc<slhs artd prior ye8r 12 monlhs ¢omtrfn8d nel mov•m•nt in fundi. kncluded In th• abov8 0 annn9 Te80L¥C88 R•Bour¢ •yp¢nd•d Movèmoni Unrestrl¢l•d fvnd General fund 87,172 180.6111 113,4391 R•8trf¢tsd fund• Tom0& Company 62.186 174,989) 112,8031 TOTAL FUNDS 129,35B 11SS.600) 126,2421 RELATED PARTY DISCLOSURES Durfng Iha year Th• Telos Foundation recfv8d donalh)n8 01 £29.(1 12022.. £38,171) from its %vholly own8d 8ubsIdry MPanY, Tekjs Partners Int8rn81•)nal timited. During Ihe year The Teh)s FOula110rt receNed donations of £50122.. £nill trom rt5 wholly (7wned subsidiary ompany. TomorroY¥s CL¥npany IEntewsesl Limited. In addiiKJn Thè Tolos Foundab"on made contributions ol £47.251 12022.. £14.7361 to TomoNvs Company IEntery)ri8es} ThIted to assist In Ihe lding of research & devetopmenl work. Page 8
Thg Telos Foundation D•talled Statement of Financial Activrties for the y•ar ended 31 December 2023 2023 Total nds 2022 Tota] funds UnTestii¢t6d nds Restricted funds INCOMe AND ENI>OWMENTS Oontlons and1ogcl83 Dor)ations Gift ald 29.001 24.513 5.523 53,514 5,523 70.321 29.1x11 30,036 59,037 70,321 Totsl Incomlny msoU?$ 29,001 30.036 69,037 70,321 EXPENDITURE ¢haritabl8 actlvltle Room iental & meeliro costs Sundri83 Grants to In8lttutlons 1.181 1,161 889 161 79.856 33.217 39,501 72,718 34.370 39,501 73,879 80.9(k8 Sijpport co8ts Flnanc• Bank ¢harg¥s Governance ¢o*ts Postage and sl&lionery Sundiies Accourilancy ond legal 1•8s 288 13 18 121 18 121 18 319 Tolal resources ?xpended 34,866 39,602 74,368 81,232 Ngt 1•xpondlmll7nCQmfj 15,8651 19.4661 115,3311 110.9111 Thls page doès not lorTll P8rt of Ihe Stahrfory slatement8 Page 9
Independent Examine¢s Report io the Tntste of The Telos Foundatfjon Independent &xamIne8 report to the trustees of The Telos Foundatltsn Ilho Company) report lo the chartty trustees on my examination of the accounts ol lh• Company for Ihg year endad 31 Dacombèr 2023. R8sponslbllltl88 and basi8 of rnport As the chariis trustees ol the Company land also ts diredors for the purposes of )MpanY lawl you ar8 r8$ponsSbl6 lor the preparation of the ertounts in accordartè lIh thè raquifémènts ol the Companies Acl 2006 ftrLe 20C6 Acri. Havln9 5at15fied myself that the accounts ol the Company are not required to be audited under Part 16 of tho 2006 AGI 8nd ar eligible for independ1 examination. l iewt in respe(X of my examin81ion ol your charity's accounts 88 Carried oul under Section 145 of the Charities Act 2011 CIW2011 ACVI. In carrylng out my examination I hav8 followed th& Directions given by the Chaiity Comrnission urKl¢r Section 14515) (bl of the 2011 Act. Indep&nd8nt 8xamln8rf8 Statement I have ¢ompleted rny exaFnination. I confirni that m8tter8 hove eorne to my ameniion in nn8¢b"on ¥th the oxaminalion 9ivin9 me cause lo belie¥e'. accounting rerdS were not kept in r85Ct of Iha Ccmpany as required by Section 386 of the 20C6 A¢t: or the atxoonts do not acc wlh thos8 iecords. or tho accounts do not compty wrth Ihe a¢counling requirements ol Section 396 01 the 2006 Ad other than any requirement that thè accounls gi¥9 8 true and lair wlmch Is not a malter considèrod 85 part of an ind8P8nd8nl examinalon', or th8 accounts h8ve not boon pr8par8d in #eetydsn¢o th• m8thcJ8 and princlpk98 of th6 St8tem•ni of Recornin8nd8d Pr8Ctic& lor accounting 8n¢J reportin9 by thJri1*8 {applicabl8 lo charities preparing their ounts in accordance with the Ftn&nGiol Rgporling Standard applicabi¢ in the UK and RepuL4ic of Irdand IFRS 10211. I hav& no concems and hav8 ¢0rn8 acros$ no olhef mattaTS In corbngcllon wrth Ihe ax8mOnation to whbch 8tt8nllon shoufvj be drawn in thls rèport In order lo en8t4e a woper und8r8tandlng ol the a(xntS to bé r88thed. raw Campb CA Campb811 Acryjunlanw Llmhed Chartei¢d Certified Accountants Old Chapel Th8 Green Lower Boddlngton Northainplon$hir6 NN116YE Dat8". Page 2