1 of 7 **Period start date:** 05.07.2023 **Charity Name:** South West Opportunities Fund (SWOF) **Period end date:** 31.08.24 **Charity Number:** 1203860 ## Objectives and Activities |Objectves and Actvites|Objectves and Actvites|Objectves and Actvites|Objectves and Actvites|| |---|---|---|---|---| |||||| |||**SORP**
**reference**||| ||Summary of the purposes of the
charity as set out in its governing
document|Para 1.17|For the public beneft to promote the educaton
of people in South West England in such ways as
the charity trustees think ft, including by:
a) providing or assistng in the provision of
facilites (not required to be provided by the local
educaton authority) for educaton at schools,
and;
b) the provision of grants, items, services and
facilites for such charitable purpose or purposes
as the trustees may in their absolute discreton
maysee ft.|| ||Summary of the main actvites in
relaton to those purposes for
the public beneft, in partcular,
the actvites, projects or services
identfed in the accounts.|Para 1.17 and
1.19|The charity will look to atract philanthropic
donatons to support improved educatonal
outcomes and life chances for children and young
people across the South West through work
which supports lives of choice and opportunity.
SWOF will work in partnership with other key
partners in the community to contribute to the
development of environments, within which our
young people can thrive.|| ||Statement confrming whether the
trustees have had regard to the
guidance issued by the Charity
Commission on public beneft|Para 1.18|The trustees confrm that they have had due
regard to the guidance issued by the Charity
Commission on public beneft. In partcular, the
trustees have ensured that the charity's actvites
are carried out for the public beneft and align
with the charity's objectves. The trustees have
reviewed the guidance and are satsfed that the
charity meets the public beneft requirements as
set out bythe CharityCommission.|| Charity Accounts templates – Trustees’ annual report for the period October 2016 2 of 7 ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| ||**SORP**
**reference**|| |Policyongrant making|Para 1.38|| |||| |Policy on social investment
including program related
investment|Para 1.38|| |||| |Contributon made byvolunteers|Para 1.38|| |||| |||| |Other||| |||| |---|---|---| ||**SORP**
**reference**|| |Summary of the main achievements
of the charity, identfying the
diference the charity’s work has
made to the circumstances of its
benefciaries and any wider benefts
to society as a whole.|Para 1.20|This year the Board have focussed on confrming
strategic directon and priorites for the Charity,
pausing any actvity whilst these discussions took
place. This will then feed into developing a grant
making policy.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| ||**SORP**
**reference**|| |Achievements against objectves set|Para 1.41|| |||| |Performance of fundraising actvites
against objectves set|
Para 1.41|| |||| |Investment performance against
objectves|Para 1.41|| |||| |Other||| |||| Charity Accounts templates – Trustees’ annual report for the period October 2016 3 of 7 |||| |---|---|---| ||**SORP**
**reference**|| |Review of the charity’s fnancial
positon at the end of the period|Para 1.21|Only costs incurred to date are bank charges.
No fund-raising actvites took place during this
fnancial period whilst the strategic directon of
the charitywas considered.| |Statement explaining the policy for
holding reserves statng why they
are held|Para 1.22|A policy is not currently in place as no reserves
are held. A policy will be in place before reserves
are generated.| |Amount of reserves held|Para 1.22|0| |Reasons for holding zero reserves|Para 1.22|No fund-raising actvites took place during this
fnancial period.| |Details of fund materially in defcit|Para 1.24|0| |Explanaton of any uncertaintes
about the charity contnuing as a
going concern|Para 1.23|There is no uncertainty about the charity’s ability
to contnue as a going concern fnancially.
Further discussions are ongoing with regard to
capacity of those involved and the future of the
SWOF.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| ||**SORP**
**reference**|| |The charity’s principal sources of
funds(includinganyfundraising)|Para 1.47|| |||| |Investment policy and objectves
including any social investment
policyadopted|Para 1.46|| |||| |A descripton of the principal risks
facingthe charity|Para 1.46|| |||| |||| |Other||| Charity Accounts templates – Trustees’ annual report for the period October 2016 4 of 7 |||| |---|---|---| |**Descripton of charity’s trusts:**|**SORP**
**reference**|| |Type ofgoverningdocument|Para 1.25|CIO Foundaton Consttuton| |How is the charityconsttuted?|Para 1.25|CIO Foundaton Consttuton| |Trustee selecton methods including
details of any consttutonal
provisions e.g. electon to post or
name of any person or body
enttled to appoint one or more
trustees|Para 1.25|New Trustees must be agreed by the current
board. Further details are found in the
consttuton.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| ||**SORP**
**reference**|| |Policies and procedures adopted for
the inducton and training of
trustees|Para 1.51|| |||| |The charity’s organisatonal
structure and any wider network
with which the charity works|Para 1.51|| |||| |Relatonship with any related partes|Para 1.51|The Charity is associated with Ted Wragg Mult-
Academy Trust. The Trustees are also employees
(current or past) or Trustees of the Mult-Academy
Trust.
As the work of the SWOF grows, the trustee group
will be expanded to include representatves from
other community groups to ensure independence.| |||| |Other||| |Reference and Administratve details||| |Charity name|South West Opportunites Fund|| |Other name the charity uses|SWOF|| |Registered charity number|1203860|| Charity Accounts templates – Trustees’ annual report for the period October 2016 5 of 7 |Charity’s principal address|| |---|---| ||SWOF c/o Ted Wragg Trust
Great Moor House
Bitern Road
Sowton Industrial Estate
EXETER
EX2 7NL| ## Names of the charity trustees who manage the charity |**Trustee name**|**Ofce (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**enttled to appoint trustee (if**
**any)**| |---|---|---|---| |Siobhan Meredith|Chair||| |James Manwell Frampton|Trustee||| |Susan Jane Pym|Trustee||| ## Reference and Administrative details (cont) ## Corporate trustees – names of the directors at the date the report was approved Director name N/A ## Name of trustees holding title to property belonging to the charity |||| |---|---|---| |Trustee name|Dates acted if not for whole
year|| |N/A||| Charity Accounts templates – Trustees’ annual report for the period October 2016 6 of 7 ## Funds held as custodian trustees on behalf of others |Funds held as custodian trustees on behalf of others|Funds held as custodian trustees on behalf of others|Funds held as custodian trustees on behalf of others|| |---|---|---|---| ||||| ||Descripton of the assets held in this
capacity|N/A|| ||Name and objects of the charity on
whose behalf the assets are held
and how this falls within the
custodian charity’s objects|N/A|| ||Details of arrangements for safe
custody and segregaton of such
assets from the charity’s own assets|N/A|| ## **Additional information (optional)** The policies of Ted Wragg Multi-Academy Trust are used by the Charity whilst the charity is in development. The creation of standalone charity policies will form part of the charity action plan which is currently under development. The Charity has only recently been constituted and the strategic direction and fund strategy are at present being considered by the trustees. 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 – N/A ## **Other optional information** Charity Accounts templates – Trustees’ annual report for the period October 2016 7 of 7 ## 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): Siobhan Meredith Position: Chair Date: 30/06/2025 Charity Accounts templates – Trustees’ annual report for the period October 2016 CHARITY COMMISSION FOR ENGLAND AND WALE5 Sguth W•st OpportunSty Fund 1203860 Receipts and payments accounts CC16a For tho porlod 05107r2023 3110812023 Section A Receipts and payments Unre$trS¢ted funds Restrlcted fund5 to lh• n••rMI£ End•wm•nt funds t•thi n•*r•*¢£ Total funds L•st y•ar toth• nMr••t lh• n•*rMtÉ toth• n•ar••i£ A1 Recelpts ross income AR) an nv•$ •n (wt T•m Lwn 240 A3Pa ents Bank Attouni Fèès Sub total A4 Assot and Inv•$tment Sub total 181 Net of receipts/(￿ymQntsJ A5 Transfers between funds A6 Cash funds last y•8r •nd Cash lunds thls y•ar •nd CCXX R1 accwnts ISSI 2710612025 Section B Statement of assets and liabilities at the end of the period Unr8Strict6d funds R6strl¢l¢d fund$ i• £ Endowment fvnds Cate9oTie$ Deta&ls to M•r••t£ 81 Co$h funds Bank Account Total cash funds 14yTW fAXrfl$ll Unrestrlcted funds to n•*Mrt£ R¢$trlcted fund$ Endowment fund$ t• tyMr•Ft É Detai15 tv nNr•Ft£ B2 Oth•r monot•ry 455ets Fundto V4hl¢h s•t b•lo Details eost lopu0n￿l Cutttrnt v•1 ¥on41 FuThltowhl¢h Colt {opUonall Curr•nt V41u• on•1 Detalls 84 Assets rotalned for th¢ charltys own usè Fund towhl¢h Amount du• Wh•n du• Details Short Tern Loan BS Llabllltle$ S￿ned by one or trustees on of oll the tru$lees Dale of rov81 SigTra¢ure Print Nam8 Zl CCXX R2 acr￿Unts ISSI 2710612025