## **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** **----- Start of picture text -----**
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 **----- Start of picture text -----**
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| **----- Start of picture text -----**
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)** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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: **----- Start of picture text -----**
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 **----- Start of picture text -----**
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** **----- 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)
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 **----- Start of picture text -----**
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|| **----- Start of picture text -----**
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)** **----- Start of picture text -----**
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**