Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
Trustees’ Annual Report for the period
From 01/08/2024 Period start date To 31/07/2025 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
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
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 | During the period, the charity made donations to the following 3 charities: Lia’s Wings Teenage Cancer Trust The Access Project |
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 |
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has £55,502.8 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 | £55,502.8 |
| 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 |
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
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 |
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
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 (if any) |
|---|---|---|---|---|
| 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 | |
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
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
Docusign Envelope ID: 73DFEB14-8D12-844D-82D2-B944092094E0
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 |
||
| 21/05/2026 | ||
| 21/05/2026 |
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The Averna Capital Foundation 1198555
Receipts and payments accounts CC16a
For the period 01/08/2024 31/07/2025
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations received 15,177 - - 15,177 71,166
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 15,177 ] - - 15,177 71,166
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 15,177 - - 15,177 71,166
A3 Payments
Lias wings 10,000 - - 10,000 -
Teenage cancer trust 10,000 - - 10,000 -
The Access project 10,000 - - 10,000 -
McCabe Ford Williams 840 - - 840 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 30,840 ] - - 30,840 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 30,840 - - 30,840 -
Net of receipts/(payments) - 15,663 - - - 15,663 71,166
A5 Transfers between funds - - - - -
A6 Cash funds last year end 71,166 - - 71,166 -
Cash funds this year end 55,503 - - 55,503 71,166
----- End of picture text -----
CCXX R1 accounts (SS)
21/05/2026
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 Details Total cash funds (agree balances with receipts and payments account(s)) Bank account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 55,503 - - - - - 55,503 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Pierre-Edouard Harant |
Endowment funds to nearest £ - - - |
|---|---|---|---|
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 21/05/2026 |
CCXX R2 accounts (SS)
21/05/2026
2