**Trustees’ Annual Report for the period Period start date: 24 June 2022** **Period end date: 31 March 2023** ## **Charity name: Seven Friends Foundation** ## **Charity registration number: 1199444** ## **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 in England and
Wales) as the trustees see fit from time to
time, in particular but not limited to
charitable causes that lack popular support
or do not receive public attention, in
particular but not exclusively by making
grants and providing advice.| |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|
Grant making.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees confirm that they have
complied with the duty in section 4 of the
Charities Act 2011 to have due
regard to the Charity Commission's general
guidance on public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| ||Para 1.38|| Contribution made by volunteers ## 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|**Our activities:**
In the year ending March 2023, Seven
Friends Foundation Trustees agreed on
our purpose as an organisation and our
application criteria.
We agreed that the Foundation’s funds will
be used to support charitable causes that
are considered unpopular or do not receive
widespread public attention.
This could be due to negative focus within
the media; due to difficulty in accessing
statutory, voluntary and institutional
funding; and/or due to the cause being
seen as politically controversial.
Examples of these types of causes or
groups may be:
• Asylum seekers and refugees
• Migrant communities
• Offenders and ex-offenders
• People experiencing violence or abuse
• Sex workers
• Trafficking and modern slavery
• Dependency or Addiction
• LGBT+
• Sexual and reproductive health
Trustees decided to support smaller groups
and organsations with an average annual
income of £300,000.
A number of our Trustees have extensive
experience in the charity sector and
recognise the huge challenges such
organisations face in securing funds.
We opened our application process during
this annual year, however, no grants were
awarded during this period.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Achievements against
objectives set|Para 1.41|The charity was registered on 24 June
2022 and the accounts reflect the period
between 24/06/22 and 31/03/2023 only.| |---|---|---|---| ||||| During this period the trustees opened a bank account and donations were made with the view to award grants in the next reporting year. Therefore there is no expenditure reported in this year. ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The trustees’ policy on reserves is to
maintain, in general, sufficient available
reserves in cash to allow all grant
commitments.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The balance held on 31 March 2023 was
£50,005. The trustees are satisfied that the
current level of reserves is sufficient to
carry out grant making activities.| |Amount of reserves held|Para 1.22|
N/A| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The Charity has sufficient financial
resources and reserves to fund its activities
for the foreseeable future. Accordingly, they
continue to adopt the going concern basis
in preparing the annual report and
accounts.| ## 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|Currently, all of Seven Friends Foundation’s
funds come from personal assets of the
trustees.
The trustees are responsible for ensuring
that charitable funds are properly used and
are satisfied with the provenance of the
donations and that no conditions are
attached to its expenditure. The governing
document describes the duties of trustees
in relation to benefits and payments,
conflicts of interest and decision making.| |---|---|---| |Other – Independent
Examination||The trustees have a legal duty under the
Charities Act 2011 to appoint ‘an
independent person who is reasonably
believed by the trustees to have the
requisite ability and practical experience to
carry out a competent examination of the
accounts’.
The trustees appointed Paul Allen to carry
out the independent examination. Mr Allen
is a trustee’s parent and as such the
trustees considered whether he would be
influenced or perceived to be influenced by
his relationship. After seeking advice from| the local Council for Voluntary Service (CVS) and considering: a. His suitable and extensive skills and experience in managing finances in his career, voluntary work and understanding of the charity sector. b. There was no other connection to the charity; not as a donor, involvement with the running of the charity, nor a financial or commercial relationship with the charity or trustees. The trustees were satisfied that the examination would be carried out in line with guidance and regulations. ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|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|Apart from the founding trustees, every
trustee must be appointed for a term of
three years by a resolution passed at a
properly convened meeting of the charity
trustees.
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:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The trustees administer the day-to-day
affairs of the charity.| |Relationship with any related
parties|Para 1.51|Paul Allen who conducted the independent
examination is the father of a trustee.
John Peace is another trustee’s father and
maintains the charity’s website.
Neither party has received financial
remuneration.| |Other||| ## **Reference and Administrative details** |Charity name|Seven Friends Foundation| |---|---| |
Other name the charity uses|| |Registered charity number|1199444| ||||| |---|---|---|---| ||Charity’s principal address|10 Vesta House|| |||Olympian Court|| |||York|| |||YO10 3UN|| ||||| ||||| ## **Names of the charity trustees who manage the charity** ||**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person**
**(or body) entitled**
**to appoint**
**trustee (if any)**| |---|---|---|---|---| |1|Victoria Anne
Wilkinson|||| |2|Michael Keith
Reynolds|||| |3|Noelani Tallulah Hall|||| |4|Katherine Alice Jacobs|||| |5|Nancy Alexandra Rose
Allen|||| |6|Dr Robert David
Gallagher|||| |7|Ruth Freya Stone|||| ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s) V. Wil���s��
Full name(s) Victoria Anne Wilkinson
Position (eg Chair
Secretary, Chair, etc)
Date
19/01/24
**----- End of picture text -----**
1910112024, 16.'42 Final Accounts 22 23- Google She8ts CHARITY COMMISSION FOR ENGLAND ANO WALES Receipts and payments accounts CC16a For the period from To Section A Receipts and payments Unresirlcted funds Restricted funds Endowment fund8 Total funds Last year tothe nearest to the near￿t£ tothe nearest£ to Ihe neÈrest£ tothe neares1£ A1 Recei DrKhabon$ ,005 50,005 Sub total(Gmss inGome forAR) A2 Asset and investment $ale$, See table 50,005 Sub total 50,005 A3Pa ments Sub total A4 Asset and investment urchase5, See table Sub to¢al Net of receipts/(paymentsJ A5 Transfer8 betweèn fund8 A6 Cash funds last year ènd Cash funds this year ènd 50,005 50,005 50.D05 50,OD5 Section B Statement of assets and liabilities at the end of the period Unrestricted lund$ to nBarnst£ Restrlcted funds Endowment fund$ to nBar•st£ Cclte Jc orie5 to n•ar8st B1 Cash funds Donatians 50.OD5 CCXX R1 accounts ISSI 1910112024 https.'Ildocs.google.comlspreadshe&tsld1179fiXNB08HXz2viagHbXv-kvc 6FktP90UiCZuqP5nYledit#gid=1183139156 1910112024, 16.'42 Final Accounts 22 23- Google She8ts Total cash funds 50,005 Ip9rePb4*nrPy*i￿ reGeiptsgnd wyments C￿￿rf$) Unr8Sttlctsd funds to he8teSt £ Resttlctsd funds Endowment fund8 to hE*teSt £ t¢ hèÈreSt£ Fund towhich a8S•t belong$ Cost (vption￿l Currèntvalu• lopwonall Fund to whl¢h as$ot bel¢ngs Cost (option￿) Curronivaluo loplonAII Details B4 Assets ￿taIned for the charfty's own use Fund towhlth Amtsuntduo èn dué lopwonall Details BS Liabilitses Signed by on* ortWOtru$t**s on bèhalf Df all the trustees Signature Print N8mè Date of approv81 V. W,IkiM¢O VICTORIA ANNE WILKINSON NOELANI TALLULAH HALL 19101124 19101R4 CCXX R2 accounts ISSI 1910112024 https.'Ildocs.google.comlspreadshe&tsld1179fiXNB08HXz2viagHbXv-kvc 6FktP90UiCZuqP5nYledit#gid=1183139156 212 Inde￿ndent Examlnorfs Report to tho Trust￿ of Sov•n Frl8nd¥ Foundatlon Yoar •nded 31 March 2023 I report to the trustees on rny examination of the financial statsments of SEVEN FRIENDS FOUNDATION (Ihe chariv) for the year ended 31 March 2023. Responslbllltles and basls of report As the trustees of the charity. you are responsible for the prepar*ion of th8 financlal slatemeTts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charivs financial ststements caThied out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directlons given by the Charity Cornmission under section 145(5)(b) of the Act. Independent Examlner's Ststement to the Truste88 of Seven Frfond8 Foundallon I have CA)mpleted my examination. I confimi that no Material matters have come to my attention in connection with the examination in giving me cause to believe that in any materi81 respecL accounting records were not kept in respect of the Trust as required by section 130 of the Charities Act 2011; or 2. 2 the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities ( Accounts and Reports) Regulations 2008 other Ihan any requiremenl that the accounts glve a true and fair view vthlch is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the exam1r￿lI0rt to which attenlion should be drawn in this report to enable a proper undw5tanding of the accounts to be reathed. Paul Allen Retired Bank Manager , ,'$,. Qualifications until retiremanl: ACIB Dip PFS CeMAP North Cottage Chapel Road Bams Green Horsham Sussex ,S;.,, RH13 OPR