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2023-07-31-accounts

Trustees’ Annual Report for the period

From 07/04/2022 Period start date To 31/07/2023 Period end date

Charity name: The Averna Capital Foundation

Charity registration number: 1198555

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance such charitable purposes
(according to the law of England & 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		 General Charitable Purposes
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have had regard to the
guidance issued by the Charity
Commission on public benefit

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

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference The period was the first period since registration of the charity. No donations were made during the period. Summary of the main Para 1.20 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.

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity has £85,211 in cash at the end
of the period
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Holding reserves for future donations and
to be able to support the charities we make
donations to over a long period of time
Amount of reserves held Para 1.22 £85,211
Reasons for holding zero
reserves		 Para 1.22 NA
Details of fund materially in
deficit		 Para 1.24 NA
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 NA

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
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
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 In selecting individuals for appointment as
charity trustees, the charity trustees
must have regard to the skills, knowledge
and experience needed for the
effective administration of the CIO

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Averna Capital Foundation
Other name the charity uses na
Registered charitynumber 1198555
Charity’s principal address 13 Tedworth Square
SW34DU
London
UK

Names of the charity trustees who manage the charity

1
2
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20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Richard Tudor Na Wholeperiod Na
Oana Cannizzaro Na Wholeperiod Na
Pierre-Edouard
Harant		 Na Whole period Na

– Corporate trustees names of the directors at the date the report was approved

Director name na

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
na na

Funds held as custodian trustees on behalf of others

Description of the assets na held in this capacity Name and objects of the na charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for na 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		 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
na
na

Other optional information

na

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
Pierre-Edouard Harant

Chair
17/10/2024
17/10/2024

Section B Statement of assets and liabilities at the end of the period Unrestrlcted Restrlctefl nds nds n•ar•t£ Endowment lunds bj nÈ4reJtt ¢￿￿OrIeS 81 Cash funds BAr¢￿ L•nk B6211 Total cash funds 90211 (qw¢•b•lvK•4 Wgiktsand r4Yf40tS rAt(wtlJll un￿trf¢ted nds Restrt¢knJ fttrtds Endty¥mfffjt nds wr•sit Detdil¥ bj n•Jre6t£ -"•### Furnj ID thirh cunwtvalue 83 Invo$tm•nt au•ts Fuhd b) whirh Currwtv•lu• 84 A¥8èts retalnad foi the charity's own usa FurJ to AThwntdu• In du• 85 Liabilit1•$ Sl9héd byore or tw) trugto•8on beh?ff olai tru*ee¥ SignaturÈ Pn'nt Nam8 Dat• ol royal Pi&rrèthEdDU8rd H8rant 17J1(W2024 Rl¢h$rd Tudor 17110Q024 CCXX R2aci¥wl8 ISSI 1711012f24

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees
On accounts for the year
ended
Set out on pages		 Charity Name
The Averna Capital Foundation		 Charity Name
The Averna Capital Foundation		 Charity Name
The Averna Capital Foundation
31 July 2023 Charity no
(if any)		 1198555
1 to 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 31 July 2023. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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

Date: 21/10/24

Signed: Name: Martin Humphreys Relevant professional F.C.C.A qualification(s) or body (if any):

Address: McCabe Ford Williams, Bank Chambers, 61 High Street, Cranbrook, Kent

Oct 2018

1

IER

TN17 3EG

Section B Disclosure

Only complete if the examiner needs to highlight material 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 .

Oct 2018

2

IER