EtA6rts Council for&Yitil Entrepreneurs REGISTERED CHARtrY NUMBER: 1196281 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 October 2023 for ELDERS FOR SOCIAL EKfREPRENEURSHIP ¢ha¢ity No. 1196281. EtA6r Cou￿[1 forsooal Entrepreneurs TRUSTEES REpoKr Governance The charity was established on 26th October 2021. It began trading on 9th ￿aY 2022. The year end for the chartty is 31st October. This is the second annual report which includes its financial statements. The founders of the organisation are Chris Underhill. Andrea Coleman and Mel Young. They are the Trustees of the charity. The purpose, vision and mission of the charity are set out in its founding document. While the charity was being ofPicially established, the founders were supported by Ashoka which allowed the operation to incubate within its boundaries. Ashoka was able to cover some costs and provide consultancy advice which was hugely valued. The charity was also supported by Catalyst 2030, a global network established to bring together social innovators from around the world to worktogether to achieve the United Nations Su5tain3ble Development Èoals. Catalyst 2030 provided the charity with support th and a donation of £405119 September 20221, and a further grant of £8690 on 6 January 2023. The Trustees are incredibly grateful to both Ashoka and Catalyst 2030 for their generous and continuing support which has been and continues to be invaluable. The charity is a small start-up and their commitment to this early initiative is hugely appreciated. The trustees meet on a weekly basis and have formal Board meetings every quarter. The focus of the Trustees is to establish the chartty for the long-term and they are currently buildingthe foundations. Whilst the turnoverto date has been very low. the Trustees have worked hard to establish the organisation and have focussed on agreed outcomes. Operations The main activity of the charity has been the establishment of a regular webinar series which focuses on various aspects of eldership. This includes succession planning, Board development. financial plannin& the personal welfare of founders and exit strategies, amongst other areas. Speakers are selected from around the world to share their experiences and thoughts With the audience. The feedback is always very positive with people sayingthat they have gained a great deal from the sessions. The outcomes are ￿0fOld.. ders forswal EntrepreneursNp. TheTh1V￿. Dahwby R￿. Da¥wby. NN11 2ND ¢haAty No. t1￿1. EtAdr Council forSo£tal Entrepreneurs a benefitto the founders who sometimesfeel isolated and lacking in support if they decide to leave their organisation. - a benefit to the longer-temi life or sustainability of the organisation which may be suffering from a lack of direction due to difficuFties associated with the extt planning of their leadership. This may relate to the individual founder or, as is quite often the case. the management of the board. The aim of the charity is to provide crucial support to the founders of social enterprises and charities and to the organisations which they have established. Within the overall ecosystem of the charity and social enterprise sector it is crucial that the impact is maximised. It is. therefore. vital that the leadership of those organisations are supported during periods of transition. Global leaders and thinkers have joined the webinars which have been a huge success. Whilst these actiwties have taken place online, the Trustees have also met In person to discuss development and planning." The Trustees are ably sUPPOrted by Katelynne Kirk who works on a part-time freelance basis as Communications O￿lcer. Next Steps The Trustees have prepared a business plan which includes adding new products to its activities based on the success of the webinars. The Trustees are currently applying for grants in order to implement that plan. Significantly. the Trustees have been able to sign an agreement wwth the Skoll Foundation for a grant which they expect to receive and report on in next yearfs accounts. FINANCIAL The charity received a grant of £8690 from One Family Foundation lon behalf of Catalyst th 20301 on 6 January 2023. The charity has spent £1600 on Communication Officerfees in this period, £773 on meetings to carry out its activities which are outlined above, and £1050 on IT software fees. It currently has no creditors and has £7755 in the bank on 31st October 2023. The charity is still at a very early stage of its development, and it has prepared an ambitious business plan and has several grant applications pending in order to grow the organisation. The charity has sufficient funds to keep operating at its current level for the next 12 months ahead. dÈf5 fors￿¥8[ EntsEptEf￿5hi>.TljeI￿￿rv. Da￿ty Roal. Da￿. N￿rr￿th￿￿e. NN11 2ND Chanty Cornmm￿ No. 1196281. EtA6r uncil for &>ciul Entrepreneurs STATEMENT OF FINANCIAL AcfiviTIES OPENING BALANCE £2488 INCOME Grants One Family Foundation £8690 Total £11178 EXPENDrruRE Marketing 5UPPOrt £1600 Meetings £773 IT software fees £1050 Total £3423 INCOME LESS EXPENDITURE £7755 BALANCE SHE FIXED ASSEtS CURRENT AsS￿s £7755 CREDITORS NET CURRENT ASSErs £7755 TOTAL ASSETS LESS LIABILITIES £7755 NET ASSETS £7755 Charity thnmissaon No. 1196281. EtA6r Council for Soool Entrepreneurs DECLARATIONS The trustees declare that they have approved the trustee< report al>)ve. Signed on behalf of the charit￿5 trustees Signaturelsl Full namelsl Position {eg Secretary, Chair, etc.) Chaiitycomttusw No. 1196281.