## **Trustees’ Annual Report for the period**
**From 11 May 2020 Period start date To 30 April 2021 Period end date**
## **Charity name: TOGETHER CHARITABLE FOUNDATION**
## **Charity registration number: 1189428**
## **Objectives and Activities**
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SORP reference
Summary of the Para 1.17 The purposes of Together Charitable
purposes of the charity Foundation (TCF) are exclusively
as set out in its charitable for public benefit. We give
governing document grants only to registered charities.
Summary of the main Para 1.17 and We are a new Donor Advised Fund
1.19
activities in relation to (DAF) acting as an enabler for clients
those purposes for the of Financial Planning firms to
public benefit, in effectively and efficiently make
particular, the activities, donations to registered charities
projects or services
identified in the
accounts.
Statement confirming Para 1.18 We the trustees confirm that we
whether the trustees understand and fully comply with the
have had regard to the guidance and best practice of the
guidance issued by the Charity Commission
Charity Commission on
public benefit
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## **Additional information (optional)**
You may choose to include further statements where relevant about: SORP reference
|||SORP reference|||
|---|---|---|---|---|
||Policy on grant making|Para 1.38|1.All grant-making activity is subject
to availability of funds and is entirely
at the Trustees' discretion.
2.All grant-making decisions will be
made by the Trustees. As a donor-
advised charity, the Charity will invite
donors to provide an indication of
which UK registered charities they
would like to see supported, who will
seek independent legal advice where
needed. Donors recommend grants
to the Trustees for approval.
2.1 Where grant recommendations
have been received from donors,
these are not binding on the Trustees;
the Trustees will in each case make
their own assessment of the||
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suitability of the charity in question
and will in all cases exercise their own
discretion as to whether to make the
grant that has been proposed.
2.2 Grants will only be made to
charities that have been registered
with (or that are exempt or excepted
from registration with) the Charity
Commission for England and Wales,
the Office of the Scottish Charity
Regulator or the Charity Commission
for Northern Ireland (Registered
Charities).
3. Grant-making procedure
3.1The Trustees have discretion to
award grants at any time to any
Registered Charity that will use the
grant money for charitable purposes.
3.2 The usual grant-making procedure
will be as follows:
3.2.1 Where grants are considered by
the Trustees, they may consider such
material as is considered necessary to
enable them to make an informed
decision;
3.2.2 The Trustees will carry out
appropriate due diligence on all
proposed grant recipients which may
include a review of the organisation's
annual report and accounts;
3.2.3 The Trustees will ensure that
grants are used for exclusively
charitable purposes, in furtherance of
the Objects and for the public benefit;
3.2.4 The Trustees will apply such
terms and conditions to each grant as
they consider appropriate and, where
a grant is made for a specific purpose,
the terms and conditions may
stipulate that funding is to be held as
a restricted fund;
3.2.5 grants will be appropriately
documented, whether in the form of a
letter to the recipient setting out the
basis on which the grant is being
made and the purposes for which it
may be used or, in the case of more
substantial or complex grants, a
formal grant agreement.
4. Safeguarding
4.1 The Charity may fund and
support Registered Charities that work
with children or adults at risk. Before
doing so, the Trustees will ask the
Registered Charity to:
4.1.1 confirm it has appropriate
safeguarding policies and procedures
in place;
4.1.2 confirm that it is committed to
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safe recruitment, selection and
vetting and that it carries out
appropriate checks on all members of
staff, volunteers and others involved
with the organisation who have
contact with children or adults at risk,
including (where applicable) DBS
checks, checking references, requiring
proof of identity and relevant
qualifications and carrying out a face-
to-face interview; and
4.1.3 confirm that under no
circumstances will any individual who
is considered to pose a risk to children
or adults at risk be deployed to work
with these groups.
4.2 The Charity will not support any
organisation that is unable or
unwilling to comply with these
requirements to the satisfaction of the
Trustees.
5. Amendment
This policy may be amended, varied,
added to or revoked at any time by
resolution of the Trustees.
6. Review
The Trustees will review the terms of
this policy and its operation every two
years.
This policy is in development awaiting
Para 1.38 updated guidance from CC14
Policy on social
investment including
program related
investment
All Trustees are unpaid and give their
Para 1.38 time voluntary. As a new charity in
Contribution made by development we currently have no
volunteers other volunteers.
Other
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## **Achievements and Performance**
SORP reference
||Summary of the main
achievements of the
charity, identifying the
diference the charity’s
work has made to the
circumstances of its
benefciaries and any
wider benefts to society
as a whole.|Para 1.20|TCF was registered in May 2020 and
the year to date has been primarily
devoted to establishing procedures,
registrations including HMRC and
fnalising strategic plans and budgets.
We publicly launched the Charity in
October 2020, which due to COVID
restrictions had to be using the Zoom
platform. Guests from the fnancial
services profession received a
presentation on the objects and plans
of TCF. The Trustees are very grateful
to Lesley Garrett CBE who gave
guests an insight into her charitable
activity.||
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## **Additional information (optional)**
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You may choose to include further statements where relevant about:
We have created policies, systems
and procedures and launched the
Achievements against Para 1.41 Charity. We are now ready to onboard
objectives set clients and make our first grants in
2021/22.
We are not a Fundraising Charity.
Performance of
fundraising activities Para 1.41
against objectives set
Not applicable
Investment performance Para 1.41
against objectives
Other
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## **Financial Review**
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Review of the charity’s Para 1.21 Funds to establish the Charity were
financial position at the provided by the Founders. The Charity
end of the period registered with HMRC for Gift Aid in
October 2020. Funds held at 31 March
2021 was £0.00 as no income was
received at this date.
Statement explaining Para 1.22 A reserves policy is in development.
the policy for holding The Charity Founders until then are
reserves stating why meeting all the costs of operating the
they are held charity.
Amount of reserves held Para 1.22 None
Reasons for holding zero Para 1.22 We are still in development. The First
reserves funds for the charity were received in
August 2021 after the submission
date of this return. There was no
expenditure for the charity before 30
April 2021 as all costs were paid by
the Founder Trustees.
Details of fund materially Para 1.24 None
in deficit
Explanation of any Para 1.23 No
uncertainties about the
charity continuing as a
going concern
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Grants from Founders established the
charity. Administrative fees from DAF
The charity’s principal accounts will meet the ongoing costs
sources of funds Para 1.47 of the Charity in the future. This is the
(including any sustainable business plan applicable
fundraising) to all DAFs.
In Development.
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
Lack of take-up from the Financial
planning industry to use TCF so no
A description of the Para 1.46 clients. Grants being given to a
principal risks facing the registered charity and the Charity not
charity using the funds.
Other
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## **Structure, Governance and Management**
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Description of charity’s CIO Foundation
trusts:
Type of governing Para 1.25 CIO Foundation Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 The Trustees were identified by the
methods including two founders for their knowledge of
details of any the Charity Sector, and Governance.
constitutional provisions Grant making and the understanding
e.g. election to post or the financial services were also looked
name of any person or for. Finally, the trustees were
body entitled to appoint balanced as a diversified group.
one or more trustees Future trustee appointment and
resignations will be aligned with the
sector’s governance code.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details**
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Charity name Together Charitable Foundation
Other name the charity
uses
Registered charity 1189428
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number
Charity’s principal 4 City Road
address London EC1Y 2AA
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## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Professor Paul
1
Palmer
2 Graeme Price
3 Caron Bradshaw
Yogita Patel
4
Paul William
5
Jackson
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
|**Trustee**|**name**
**Dates**|**acted**|**if**|**not**|**for**|
|---|---|---|---|---|---|
||**whole**|**year**||||
## **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 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)** P W Palmer **Full name(s)** Paul William Palmer
**Position (eg** Trustee **Secretary, Chair, etc)**
**Date** 12 January 2022
## **Together Charitable Foundation**
Registered Charity Number 1189428
Financial Statement of Affairs at 30 April 2021.
Receipts and Payments account for the period 11 May 2020 to 30 April 2021.
|Income (Receipts)|£0||
|---|---|---|
|Expenditure (Payments)|£0||
|Surplus (Defcit)||£0|
|Assets|£0||
|Liabilities|£0||
## Notes
1.The Charity was registered on 11 May 2020. All costs to 30 April 2021 have been met directly by the Founder Trustees.
2. The Charity received its first funds after the reporting date.
This statement was prepared by the Trustees and approved by them on 12 January 2022.
Paul Palmer
Trustee.