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2023-04-30-accounts

Trustees’ Annual Report for the period

From 1 May 2022 Period start date To 30 April 2023 Period end date Charity name: TOGETHER CHARITABLE FOUNDATION

Charity registration number: 1189428

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The purposes of Together Charitable
Foundation (TCF) are exclusively
charitable for public benefit. We give grants
only to registered charities.
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		 We are a new Donor Advised Fund (DAF)
acting as an enabler for clients of Financial
Planning firms to effectively and efficiently
make donations to registered charities
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We the trustees confirm that we
understand and fully comply with the
guidance and best practice of the Charity
Commission

Additional information (optional) You may choose to include further statements where relevant about:

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. 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 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

----- Start of picture text -----
||| |---|---| |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 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 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|

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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.
Policy on social investment
including program related
investment		 Para 1.38 This policy is in development awaiting
updated guidance from CC14
Contribution made by
volunteers		 Para 1.38 All Trustees are unpaid and give their time
voluntarily. We currently have no other
volunteers.
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 This year TCF have laid the foundations for
the next stage of our journey which is to
grow the number of users, custodians and
investment partners.
All processes are now in place including
knowledge of how to onboard different
custodians and an upgraded website with
digital application forms. We have been
engaging with financial planners around
the benefits of our DAF and will be
publishing content to help them discuss
philanthropy with their clients.
TCF has been highlighted in FT Advisor and
New Philanthropy Capital. We also now
have an established partnership with
Morningstar and are in discussions with
other custodians.
A number of grants have been
facilitated for donors.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 TCF has been able to make grants of
£20,600.00.
Last years: As advised in 20/21 we were
ready to onboard clients and made our first
grants in 2021/22.
Performance of fundraising
activities against objectives
set		 Para 1.41 We are not a Fundraising Charity. At a
client’s request to link their account to a
fundraising platform, the trustees, after
taking legal advice agreed. This client
used JustGiving. Since then, we have
signed an agreement for all clients to use
Enthuse.
Investment performance
against objectives		 Para 1.41 Not applicable
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 As shown in the accounts, during the year
the charity received £27,988 from clients
who opened accounts and a small amount
of administration income was generated.
Founders made unrestricted donations of
£10,000 which were applied against
operating and formation expenses.
Opening Bank Balance £7,858 and closing
balance at year end £829.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 TCF aims to hold sufficient funds in reserve
to cover budgeted costs for the current
financial year and to maintain an
appropriate budget for future years to cover
longer term commitments. This is kept
under constant review.
Amount of reserves held Para 1.22 £829.79
Reasons for holding zero
reserves		 Para 1.22 N/a
Details of fund materially in
deficit		 Para 1.24 N/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Whilst the growth of TCF has been slower
than anticipated and costs associated with
the start up phase have been higher in this
financial year these are one off costs.
Additionally the Chair, Graeme Price,
would, if necessary underwrite costs to
ensure that TCF remained solvent in this
phase. Whilst this is not an open ended
commitment the trustees remain satisfied
that into the foreseeable future the charity
will be able to pay its liabilities as they fall
due and will expand activities to the extent
that ongoing costs of operation are met.

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 Donations from Founders established the
charity. Administrative fees from DAF
accounts will meet the ongoing costs of the
Charity in the future.
Investment policy and
objectives including any
social investment policy
adopted.		 Para 1.46 The charity itself will develop a policy in
tandem with its reserves policies in 23/24.
DAF accounts are invested in accordance
with donors’ wishes and in compliance with
HMRC guidance for charities.
A description of the principal
risks facing the charity		 Para 1.46 1. Lack of take-up from the financial
planning industry to use TCF so no
clients. We are in discussions with
several 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

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 CIO Foundation Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
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 The Trustees were identified by the two
founders for their knowledge of the Charity
Sector, and Governance. Experience of
Grant making and the understanding of
financial services were also looked for.
Finally, the Trustees were balanced as a
diversified group. Future trustee
appointments and resignations will be
aligned with the sector’s governance code.

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 The trustees, through their respective
employed roles, are kept up to date with
developments in charity commission and
charity “umbrella organisations” policies
and best practice. All trustees receive a
copy of the trust deed on appointment.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The Trustees met four times during the
year. Four of the trustees through their paid
employments are involved in wider charity
networks.
Relationship with any
related parties		 Para 1.51 A service level agreement was signed with
Jarrovian Wealth with the conflicted
trustees – Graeme Price and Paul Palmer -
not involved in the final decision making.
Other

Reference and Administrative details

Charity name Together Charitable Foundation
Other name the charity uses
Registered charity number 1189428
Charity’s principal address Epworth House, 25 City Road, London, EC1Y 1AA

Names of the charity trustees who manage the charity

1
2
3
4
5		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Graeme Price
Caron Bradshaw
Yogita Patel
Prof Paul Palmer Resigned Sep2023
Paul Jackson Resigned Sep2023

– 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 **
N/A

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 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
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
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)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date		 C L Bradshaw
Caron Louise Bradshaw

Trustee
No(if any) No(if any) CC16a
Together Charitable Foundation 1189428
Receipts and payments accounts
For the
period from		 Period start
date		 To Period end
date
01/05/2022 30/04/2023
Section A Receipts and payments
Unrestric
ted Funds		 Unrestric
ted
Designat
ed Funds		 Endowm
ent funds		 Total
funds		 Last
year
to the
nearest
£		 to the
nearest £		 to the
nearest £		 to the
nearest £		 to the
nearest
£
A1 Receipts
Donations, including
attributable GiftAid		 10,000 0 10,000 21,257
DAF set up and
operatingFees		 856 0 856 794
Donor advised
donations, including
attributable GiftAid		 0 27,988 27,988 83,986
Sub total(Gross income
_for AR) _		 10,856 27,988 0 38,844 106,037
A2 Asset and
investment sales, (see
**table). **
0 0 0 0
0 0 0 0 0
Sub total 0 0 0 0 0
Total receipts 10,856 27,988 0 38,844 106,037
A3 Payments
Grants made
Pancreatic Cancer 20,000 20,000
Ukraine Appeal 200 200
YoungMinds Trust 200 200
Oracle Cancer Trust 200 200
20,600 20,600 9,000
Operating and set up
costs
Justgiving 223 223
Go Cardless 683 683
Enthuse 216 216
CRM system 2,305 2,305
Document management
system		 428 428
Domain and webhosting 295 295
Website design, set up
and maintenance		 6,180 6,180
Brochure and associated
photography		 1,105 1,105
11,436 11,436 20,631
DAF set up and
operatingexpenses		 856 0 856 794
Sub total 11,436 21,456 0 32,892 30,425
A4 Asset and
investment purchases,
(see table)
See Table B3
DAF movements net 12,981 12,981 67,754
Sub total 0 12,981 0 12,981
Total payments 11,436 34,437 0 45,873 0 98,179
Net of
receipts/(payments)		 -580 0 -6,449 0 -7,029 7,858
A5 Transfers between
funds		 0 0 0 0 0
A6 Cash funds last year
end		 1,420 6,438 0 7,858 0
Cash funds this year end 840 0 -11 0 829 7,858
Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds Details Unrestric
ted funds		 Unrestric
ted
Designat
ed Funds		 Endowm
ent
funds
to
nearest £		 to
nearest £		 to
nearest
£
0
Metro Bank Community
Account		 840 -11 0
0 0 0
Total cash funds 840 -11 0
(agree balances with
receipts and payments
account(s))		 OK OK OK
Unrestric
ted funds		 Restricte
d funds		 Endowm
ent
funds
B2 Other monetary
assets		 Details to
nearest £		 to
nearest £		 to
nearest
£
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Details Fund to
which
asset
**belongs **		 Cost
(optional
)		 Current
value
(optiona
l)
B3 Investment assets Donor Advised Funds: All
Unrestric
ted
Designat
ed
Young JSL Russell
Foundation		 72,346 71,879
The Fasnakyle
Foundation		 4,804 4,820
Jarrovian Staff
Foundation		 3,354 3,367
Maghribi Jamaledin
Foundation		 6,067 5,626
Wealth Matters
Charitable Foundation		 753 757
87,323 86,449
Details Fund to
which
asset
**belongs **		 Cost
(optional
)		 Current
value
(optiona
l)
B4 Assets retained for
the charity’s own use		 0 0
0 0
0 0
0 0
0 0
Details Fund to
which
liability
relates		 Amount
due
(optional
)		 When
due
(optiona
l)
B5 Liabilities 0
0
0
0
0
Signed by one or two
trustees on behalf of all
the trustees		 Signature Print Name Date of
approval
C Bradshaw Caron Bradshaw 26 Feb
2023
G Price Graeme Price 26. Feb
2023

No (if any) Together Charitable Foundation 1189428 Receipts and payments accounts CC16a For the period Period start date Period end date To from 5/1/2022 4/1/2023

Section A Receipts and payments

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
to the nearest £
A1 Receipts
Donations, includingattributable GiftAid
10,000
DAF set upand operatingFees
856
0
10,856
0
0
Sub total
0
Total receipts
10,856
A3 Payments
Grants made
Pancreatic Cancer
Ukraine Appeal
YoungMinds Trust
Oracle Cancer Trust
Operating and set up costs
Just giving
223
Go Cardless
683
Enthuse
216
CRM system
2,305
Document management system
428
Domain and webhosting
295
Website design, set up and maintenance
6,180
Brochure and associated photography
1,105
11,436
DAF set up and operating expenses
Sub total
11,436
See Table B3
DAF movements net
Sub total
0
Total payments
11,436
Net of receipts/(payments)
-580##
A5 Transfers between funds
0
A6 Cash funds last year end
1,420
Cash funds this year end
840##
Unrestricted
Funds
Donor advised donations, including
attributable GiftAid
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)		 to the nearest £
0
0
27,988
27,988
0
0
0
27,988
20,000
200
200
200
20,600
856
21,456
12,981
12,981
34,437
Unrestricted
Designated
Funds		 to the nearest £
0
0
0
0
0
0
0
0
0

0
Endowment
funds		 Total funds
to the nearest £
10,000
856
27,988
38,844
0
0
0
38,844
20,000
200
200
200
20,600		 Last year
to the nearest £
21,257
794
83,986
106,037
0
0
106,037
9,000
223
683
216
2,305
428
295
6,180
1,105
11,436 20,631
856 794
32,892 30,425
12,981
12,981
12,981 67,754
12,981
45,873# # 98,179
-580# # -6,449# # 0 -7,029# # 7,858
0 0 0 0 0
1,420 6,438 0 7,858 0
840# # -11# # 0# # 829# # 7,858

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Details to nearest £
840
0
840
OK
to nearest £
0
0
0
0
0
0
Unrestricted
funds
Unrestricted
funds
Fund to which
asset belongs		 to nearest £
-11
0
-11
OK
to nearest £
0
0
0
0
0
0
Cost (optional)
Unrestricted
Designated
Funds
Restricted
funds		 to nearest £
Endowment
funds
0
Metro Bank CommunityAccount 0
0
0
OK
to nearest £
Endowment
funds
0
0
0
0
0
0
Current value
(optional)
All Unrestricted
Designated
72,346 71,879
4,804 4,820
3,354 3,367
6,067 5,626
753 757
87,323 86,449
Fund to which
asset belongs
Fund to which
liability relates		 Cost (optional)
0
0
0
0
0
0
0
0
0
0
Amount due
(optional)		 Current value
(optional)
0
0
0
0
0
Details When due
(optional)
0
0
0
0
0

Signed by one or two trustees on behalf of all the trustees

Date of approval

Signature

Print Name

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 30th April 2023 Charity no 1189428 ended (if any) 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 30/04/2023

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 gives me cause to believe that in, any material respect:

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 ACA qualification(s) or body (if any):

Name: Nicola Silverleaf

Date: 27[th] February 2024

Address: 86, High St, Hinxton Saffron Walden, Essex CB10 1QY

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).

1

October 2018

IER

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

2

October 2018

IER