Trustees’ Annual Report for the period
From 18 June 2021 Period start date To 30 June 2022 Period end date Charity name: The Equitix Foundation
Charity registration number: 1194853
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 are: To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time. |
| 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 |
The Charity was not operational during this financial period. In subsequent financial periods, the Charity will pursue its charitable objects by making grants to other organisations. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Within a pre-operational context, the trustees have had regard to guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | N/A |
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 Charity held no assets nor incurred any liabilities during the period. It will begin operating in the next financial year. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | N/A |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity held no assets nor incurred any liabilities during the period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | None |
| Reasons for holding zero reserves |
Para 1.22 | Not yet operational |
| 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 | N/A |
| Additional information (optional) You may choose to include further statements |
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 | N/A |
| 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 | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution dated 18 June 2021. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The Charity is a Charitable Incorporated Organisation (CIO) established on 18 June 2021. |
| 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 Constitution provides that trustees must be appointed for a term of three years at a properly convened meeting of the trustees after consulting with the Senior Executive team at Equitix about possible candidates for the role. |
| Additional information (optional) You may choose to include further statements |
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 | The Charity has been established as the corporate foundation of Equitix Ltd, a company registered in England and Wales with company no. 06026637. However, Equitix is not a member of the CIO nor is it entitled to appoint trustees. |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other | N/A | |
| Reference and Administrative details | ||
| Charity name | The Equitix Foundation | |
| Other name the charity uses | N/A | |
| Registered charity number | 1194853 |
| Charity’s principal address | Equitix 3rd Floor, 200 ALDERSGATE STREET LONDON EC1A 4HD |
|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Geoffrey Allan Jackson |
N/A | |||
| David Rose | ||||
| Hugh Barnabas Crossley |
||||
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
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 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)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Solicitors | Charles Russell Speechlys LLP |
5 Fleet Place, London EC4M 7RD |
| 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) Hugh Crossley Position (eg Secretary, CEO Chair, etc) Date 03/04/2023
| The Equitix Foundation | The Equitix Foundation | 1194853 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
18-Jun-21 | To | 30-Jun-22 |
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
||||
| NONE | - | - | - | - | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) |
0 |
0 | 0 | 0 | 0 | ||||
| A2 Asset and investment sales, (see table). |
- - |
- - |
- - |
- - |
|||||
| NONE | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total | 0 |
0 | 0 | 0 | 0 | ||||
| Total receipts A3 Payments |
|||||||||
| 0 | 0 | 0 | 0 | 0 | |||||
| NONE | - | - | - | - | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total | 0 | 0 | 0 | 0 | 0 | ||||
| A4 Asset and investment purchases, (see table) |
- - |
- - |
- - |
||||||
NONE |
- | - | - | - | |||||
| - | - | - | - | ||||||
| Sub total | 0 | 0 | 0 | 0 | 0 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| 0 | 0 | 0 | 0 | 0 |
CCXX R1 accounts (SS)
12/1/2022
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details NONE Details Total cash funds (agree balances with receipts and payments account(s)) NONE NONE Details Details NONE Details NONE Signature |
Unrestricted funds to nearest £ |
Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|---|---|---|
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| 0 | 0 | 0 | ||||
| OK | OK | OK | ||||
| Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| 0 | 0 | 0 | ||||
| Fund to which asset belongs Cost (optional) - - - - 0 Fund to which asset belongs Cost (optional) - - - - - - - - 0 Fund to which liability relates Amount due (optional) - - - - 0 Print Name Hugh Crossley |
Cost (optional) | Current value (optional) |
||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| 0 | 0 | |||||
| Current value (optional) |
||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| 0 | ||||||
| When due (optional) |
||||||
| Date of approval |
||||||
| Hugh Crossley | 03/04/2023 | |||||
CCXX R2 accounts (SS)
12/1/2022
2