## **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
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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 ACCo￿nI3n¢Y LimTrt8d Chanered Certlfied Actountants Okl Chapel Lce￿I B￿dir￿lon 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 TrUst￿S 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 D￿AlL$ Rgglstèred Company number 06625059 (England and Wales) R•gl$tered Cha￿ty number 1183271 Reglstèred offlc• Admlr81 House Sl Leonards Road Windsor B8rkshlr• SL4 3BL Tru8tee• Profès5¢r l T Cameron A B C Davi08 Pcward Dr S L Wrlghl Mr8 C Hooper Company S￿r*tary Mrs.l Liska Indèpèndènt Examln•r Campbell Accountanw Umitèd lTrart8red Certffje(l Accountants Old Ch8pÈI The Gr8en Lower 8oddlngton Northamptonshire NN116YE Apwovtd by ordel of the board ol trustees on............ . and signed on tts behaw ty. avies- Tru$lee Page 1 Independent Examine¢s Report to the T￿￿tee8 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 requirem￿ts ol the Companie8 2006 (kne 20(E Acfl. Havlng sSt15fied myself Ihai the acctyJThts ol the Company ale not reqUI￿d 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 f￿low8￿ 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 charit￿S lappbcable to ch8rili8s prep8ring Iheir accounts in accordance with Ihg Fin￿¢1¥1 Reportlng StaThJarOWMENTS Oon*tlons and1og*cl83 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•xpondl￿mll7nCQmfj 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 &xamIne￿8 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 charii*s trustees ol the Company land also ts diredors for the purposes of ￿)MpanY lawl you ar8 r8$ponsSbl6 lor the preparation of the ertounts in accordartè ￿lIh thè raquifémènts ol the Companies Acl 2006 ftrLe 20C6 Acri. Havln9 5at15fied myself that the accounts ol the Company are not required to be audited under Part 16 of tho 2006 AGI 8nd ar* eligible for independ￿1 examination. l iewt in respe(X of my examin81ion ol your charity's accounts 88 Carried oul under Section 145 of the Charities Act 2011 CIW2011 ACVI. In carrylng out my examination I hav8 followed th& Directions given by the Chaiity Comrnission urKl¢r Section 14515) (bl of the 2011 Act. Indep&nd8nt 8xamln8rf8 Statement I have ¢ompleted rny exaFnination. I confirni that ￿ m8tter8 hove eorne to my ameniion in ￿nn8¢b"on ¥￿th the oxaminalion 9ivin9 me cause lo belie¥e'. accounting re￿rdS were not kept in r85￿Ct of Iha Ccmpany as required by Section 386 of the 20C6 A¢t: or the atxoonts do not acc￿￿ wlh thos8 iecords. or tho accounts do not compty wrth Ihe a¢counling requirements ol Section 396 01 the 2006 Ad other than any requirement that thè accounls gi¥9 8 true and lair wlmch Is not a malter considèrod 85 part of an ind8P8nd8nl examinal*on', or th8 accounts h8ve not boon pr8par8d in #eetydsn¢o th• m8thc*J8 and princlpk98 of th6 St8tem•ni of Recornin8nd8d Pr8Ctic& lor accounting 8n¢J reportin9 by thJri1*8 {applicabl8 lo charities preparing their ounts in accordance with the Ftn&nGiol Rgporling Standard applicabi¢ in the UK and RepuL4ic of Irdand IFRS 10211. I hav& no concems and hav8 ¢0rn8 acros$ 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(x￿ntS 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