2022-04-30-accounts

Trustees’ Annual Report for the period

From 1 May 2021 Period start date To 30 April 2022 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

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SORP reference
1. All grant-making activity is subject
Para 1.38 to availability of funds and is entirely
Policy on grant making at the Trustees' discretion.
2. All grant-making decisions will be
made by the Trustees. 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
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
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charities that have been registered
with (or that are exempt or excepted
from registration with) the Charity
Commission for England and Wales,
the Ofce of the Scottish Charity
Regulator, or the Charity Commission
for Northern Ireland (Registered
Charities).
3. Grant-making procedure
3.1 The 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 beneft;
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 specifc 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 confrm it has appropriate
safeguarding policies and procedures
in place;
4.1.2 confrm that it is committed to
safe recruitment, selection and
vetting and that it carries out
appropriate checks on all members of
staf, volunteers and others involved
with the organisation who have

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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 voluntarily. We currently have
Contribution made by no other volunteers.
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. During the year 21/22 further work has been primarily devoted to establishing procedures and building the charity’s infrastructure and capacity. We appointed a part time administrator received our frst funds and made donations as per our grant making policy. A service level agreement was signed with Jarrovian Wealth. Discussions were successful in onboarding another fnancial services frm Wealth Matters whose clients will in due course open TCF accounts. Discussions are ongoing with other frms. We also entered into an agreement with Enthuse to provide clients with a fund-raising platform. Work has commenced on a new website.

Additional information (optional)

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You may choose to include further statements where relevant about:
As advised in 20/21 we were ready to
onboard clients and made our first
Achievements against Para 1.41 grants in 2021/22.
objectives set
We are not a Fundraising Charity. At a
client’s request to link their account
Performance of to a fundraising platform, the
fundraising activities Para 1.41 trustees, after taking legal advice
against objectives set agreed. This client used JustGiving.
Since then, we have signed an
agreement for all clients to use
Enthuse.
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 As shown in the accounts, during the
financial position at the year the charity received £83,986
end of the period from clients who opened accounts
and a small amount of administration
income was generated. Founders
made unrestricted donations of
£21,257 which were applied against
operating and formation expenses.
Opening Bank Balance £0 and closing
balance at year end £7,858.
Statement explaining Para 1.22 A reserves policy will be created
the policy for holding during 23/24 when the charity should
reserves stating why break even before going into surplus.
they are held The Charity Founders until then are
meeting all the costs of operating the
charity in the form of donations.
Amount of reserves held Para 1.22 £7,858.
Reasons for holding zero Para 1.22 N/a
reserves
Details of fund materially Para 1.24 N/a
in deficit
Explanation of any Para 1.23 N/a
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:

Donations from Founders established the charity. Administrative fees from The charity’s principal DAF accounts will meet the ongoing sources of funds Para 1.47 costs of the Charity in the future. (including any fundraising) The charity itself will develop a policy in tandem with its reserves policies in Investment policy and 23/24. DAF accounts are invested in objectives including any Para 1.46 accordance with donors’ wishes and in social investment policy compliance with HMRC guidance for adopted. charities. 1. Lack of take-up from the financial planning industry to A description of the Para 1.46 use TCF so no clients. We are in principal risks facing the discussions with several charity financial firms. 2. Grants being given to a registered charity and the Charity not using the funds. We have introduced a control and check system. Other

Structure, Governance and Management

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Description of charity’s
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 Experience of Grant making and the
e.g. election to post or understanding of financial services
name of any person or were also looked for. Finally, the
body entitled to appoint Trustees were balanced as a
one or more trustees diversified group. Future trustee
appointments 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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The trustees, through their respective
employed roles, are kept up to date
Policies and procedures with developments in charity
adopted for the Para 1.51 commission and charity “umbrella
induction and training of organisations” policies and best
trustees practice. All trustees receive a copy of
the trust deed on appointment.
The Trustees met four times during
the year. Four of the trustees through
The charity’s their paid employments are involved
organisational structure Para 1.51 in wider charity networks.
and any wider network
with which the charity
works
A service level agreement was signed
with Jarrovian Wealth with the
Relationship with any Para 1.51 conflicted trustees – Graeme Price
related parties and Paul Palmer -not involved in the
final decision making.
Other
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Reference and Administrative details

Charity name Together Charitable Foundation Other name the charity uses

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Registered charity 1189428
number
Charity’s principal Epworth House, 25 City Road, London, EC1Y 1AA
address
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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
Graeme Price
2
Caron Bradshaw
3
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 NONE

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

NIA

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

N/A

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 10/2/2023

No (if any) Together Charitable Foundation 1189428 Receipts and payments accounts For the period Period start date Period end date To from 1-May-21 30-Apr-22

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Section A Receipts and payments
Unrestricted
Unrestricted Endowment
Designated Total funds
Funds funds
Funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
21,257 - - 21,257
Donations, including attributable GiftAid
DAF set up and operating Fees 794 - - 794
Donor advised donations, including
attributable GiftAid - 83,986 - 83,986
- - - -
- - - -
- - - -
- - - -
22,051 83,986 - 106,037
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 22,051 83,986 - 106,037
A3 Payments
Grants made: - - - -
Pancreatic Cancer UK - 8,000 - 8,000
South of England Foundation Charlton
Upbeats - 1,000 - 1,000
-
DAF set up and operating expenses - 794 - 794
Legal fees 18,762 18,762
Publications 1,008 1,008
IT Services 486 486
Just Giving Fees 374 374
-
Sub total [ 20,631 ] 9,794 - 30,425
A4 Asset and investment
purchases, (see table)
See Table B3 - 67,754 - 67,754
- - - -
Sub total [ - ] 67,754 - 67,754
Total payments 20,631 77,548 - 98,179
Net of receipts/(payments) 1,420 6,438 - 7,858
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 1,420 6,438 - 7,858
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Section B Statement of assets and liabilities at the end of the period

			Unrestricted	Unrestricted	Unrestricted	Unrestricted
				funds	Designated
Categories	Details					Funds
				to nearest £		to nearest £
B1 Cash funds	Metro Bank Community Account Total cash	funds		1,420 - 1,420		6,438 - 6,438
	(agree balances with receipts and payments account(s))		OK		OK
			Unrestricted			Restricted
				funds		funds
B2 Other monetary assets	Details			to nearest £ -		to nearest £ -
				-		-
				-		-
				-		-
				-		-
				-		-
	Details		Fund to which asset belongs		Cost (optional)
B3 Investment assets	Donor Advised Funds:		All Unrestricted Designated			-
	Young JSL Russell					62,613
	Fasnakyle Foundation					4,841
B4 Assets retained for the	Jarrovian Staf Details		Fund to which asset belongs		300 67,754 Cost (optional) -
charity’s own use						-
						-
						-
						-
						-
						-
						-
						-
			Fund to which			Amount due
	Details		liability relates			(optional)
B5 Liabilities						- -
						-
						-
						-
Signed by one or two trustees on behalf of all the trustees	Signature			Print	Name
	P W Palmer			Professor	Paul Palmer

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CC16a
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Last year

to the nearest £

-

-

-

Endowment funds

to nearest £ - - - -

OK

Endowment funds to nearest £

-

Current value (optional) - 62,910 4,836 300 68,046

Current value (optional) - - - - - - - - - When due (optional)

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Date of
approval
2/10/2023
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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Together Charitable Foundation On accounts for the year Charity no ended 30 April 2022 (if any) 1189428 Set out on pages 1-2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY 30/04/2022 .

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or

• the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		10/02/2023
	Nicola Silverleaf
	ACA
	86 High St,Hinxton
	Saffron Walden,Essex
	CB10 1QY

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

2

IER