## **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
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)**| |---|---|---|---|---| ||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$tm•nt au•ts Fuhd b) whirh Currwtv•lu• 84 A¥8èts retalnad foi the charity's own usa Fur*J to AThwntdu• In du• 85 Liabilit1•$ 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. - **Independent** I have completed my examination. I confirm that no material matters have - **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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**