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|| **----- Start of picture text -----**
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