## **Trustees’ Annual Report for the period**
## **From 03.10.23 Period start date To 31.03.25 Period end date**
## **Charity name: The Stef & Philips Foundation**
## **Charity registration number: 1205023**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**THE PREVENTION OR RELIEF OF**
**POVERTY IN THE UNITED KINGDOM BY**
**PROVIDING GRANTS AND ESSENTIAL**
**ITEMS TO INDIVIDUALS IN NEED,**
**LIVING IN EMERGENCY OR**
**TEMPORARY ACCOMMODATION, AND**
**TO CHARITIES, OR OTHER**
**ORGANISATIONS WORKING TO**
**PREVENT OR RELIEVE POVERTY FOR**
**THE SAME GROUP OF BENEFICIARIES.**
**TO RELIEVE THE NEEDS OF**
**INDIVIDUALS WHO RESIDE IN**
**TEMPORARY OR EMERGENCY**
**ACCOMMODATION THROUGH THE**
**PROVISION OF EDUCATION, TRAINING,**
**MENTORING AND LEISURE TIME**
**ACTIVITIES TO INCREASE THEIR**
**SKILLS AND CAPACITY SO AS TO**
**ENABLE SUCH INDIVIDUALS AND TO**
**ALLOW THEM TO FULLY PARTICIPATE**
**IN SOCIETY.**|
|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|The Foundation (the trustees and
executive) used this period to award grants
in line with furthering our 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 guidance on public
benefit as issued by the Charity
Commission.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference
Policy on grant making Para 1.38 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 Foundation has awarded grants for charities and individuals operating/residing across London in line with our purposes. 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 Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set
|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|Yes|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The foundation aims to hold reserves of
15% of income received (as a minimum) to
support sustainable grant giving and to
ensure no grant pledges are unfulfilled.|
|Amount of reserves held|Para 1.22||
|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|N/A|
## **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|Constitution Document|
|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|Trustees to date have been selected due to
their vision and values and their
commitment to furthering the objectives of
the foundation. The trustees will actively
recruit for further trustees in the future,
when appropriate – this will be achieved via
an online recruitment process and in-post
trustees will have a vote of equal value
relating to the recruitment.|
|**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||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|The Stef & Philips Foundation|
|---|---|
|Other name the charity uses||
|Registered charity number|1205023|
|Charity’s principal address|The Grange, 100 High St, London N14 6BN|
## **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)**|
|---|---|---|---|---|
||Amani Sakeria-
Ahmed||||
||PhilipPhilippou||||
||Christakis
Philippou||||
||Joanne Philippou||||
||Kathryn Marie
Giblin||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A 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 Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **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**|Alexandra Taliadoros||
|---|---|---|
||Alexandra Taliadoros||
||
Foundation Director||
||30-01-25||
||30-01-25||
**REGISTERED CHARITY NUMBER: 1205023**
## **TRUSTEES' REPORT AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **FOR**
**THE STEF & PHILIPS FOUNDATION**
AGK Partners Chartered Accountants
1 Kings Avenue Winchmore Hill London N21 3NA
**THE STEF & PHILIPS FOUNDATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Trustees' Report**|2|
|**Independent Examiner's Report**|3|
|**Income and Expenditure Account**|4|
|**Statement of Financial Position**|5|
|**Notes to the Financial Statements**|6 to 7|
|**Detailed Statement of Financial Activities**|8|
**THE STEF & PHILIPS FOUNDATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **TRUSTEES**
Ms A Sakeria-Ahmed Chairperson Mr P Philippou Trustee Mr C Philippou Trustee Miss J Philippou Trustee Mr A B Ashdjian Trustee Ms K M Giblin Trustee
## **REGISTERED OFFICE**
The Grange, 100 High St London N14 6BN
## **REGISTERED CHARITY NUMBER**
1205023
## **INDEPENDENT EXAMINER**
AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA
Page 1
**THE STEF & PHILIPS FOUNDATION**
## **TRUSTEES' REPORT FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
The trustees present their annual report together with the financial statements for the period 03 October 2023 to 31 March 2025.The Trustees confirm that the annual report and financial statements of the company comply with the Charities Act 2011, the company's governing document and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities.
## **INCORPORATION**
The charity was established on 3 October 2023 and commenced its activities on the same date.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity aims to prevent and relieve poverty in the United Kingdom by providing grants and essential items to individuals in need who are living in emergency or temporary accommodation, as well as by supporting charities and other organisations working with the same beneficiary groups. The Charity also seeks to help individuals living in emergency or temporary accommodation to develop their skills, capacities and capabilities so they can participate fully in society. This is achieved through furthering education, relieving unemployment through education, training, workshops and mentoring, and providing recreational activities in the interests of social welfare
## **Achievements and performance**
During the period of these accounts, the Stef and Philips Foundation has launched and run two grant programmes to support individuals and families at risk of, or challenged by homelessness. Our first funding provision offers support to project delivery, positively impacting our target beneficiary group. This stream seeks to further opportunity, and enhance wellbeing for those we look to help. Our second, offers crisis grant funding for individuals and families – this often takes the form of support for household items such as beds, baby essential equipment, support for food or utility bills and personal hygiene items. The programmes have proved incredibly impactful. Across this period, we have provided funding across every single London borough and have supported people experiencing homelessness, including single parents, survivors of domestic violence, members of the LGBTQ+ community, young people leaving care, survivors of modern slavery and those with settled refugee status.
## **Public benefit**
In planning any activities for the year, the Trustees have considered the Charity Commission guidance on public benefit.
## **FINANCIAL REVIEW**
The financial results of the charity are as shown in the Statement of Financial Activities on Page 4. As can be seen, there is a net surplus of £2,182 for the period. The Trustees consider that the performance of the charity this year has been satisfactory.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a Charitable Incorporated Organisation (CIO) governed by its Constitution, which was adopted on 03 October 2023 and is registered with the Charity Commission for England and Wales.
## **Recruitment and appointment of new trustees**
Trustees are re-appointed annually at the Annual General Meeting and are eligible for re-election. New trustees are eligible after serving a period of one year as a member of The Stef & Philips Foundation.
## **Risk management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures manage any perceived risks.
## **Induction and training of new trustees**
The induction and training of trustee is viewed as an ongoing process and relevant training opportunities are brought tot he attention of the board as required.
Approved by order of the board of trustees on 29 January 2026 and signed on its behalf by:
Ms A Sakeria-Ahmed - Chairperson
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STEF & PHILIPS FOUNDATION**
## **Independent examiner's report to the trustees of The Stef & Philips Foundation ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the period 3 October 2023 to 31 March 2025.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act and in carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable 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.
Alekos Christofi, FCCA
AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA
29 January 2026
Page 3
**THE STEF & PHILIPS FOUNDATION**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
|||Unrestricted|
|---|---|---|
|||fund|
||Notes|£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||51,359|
|**Charitable activities**|||
|Charitable activities||20,455|
|**Total**||71,814|
|**EXPENDITURE ON**|||
|Raising funds|2|26,877|
|**Charitable activities**|3||
|Charitable activities||39,135|
|Other||3,620|
|**Total**||69,632|
|**NET INCOME**||2,182|
|**TOTAL FUNDS CARRIED FORWARD**||2,182|
The notes form part of these financial statements
Page 4
**THE STEF & PHILIPS FOUNDATION**
## **STATEMENT OF FINANCIAL POSITION**
## **31 MARCH 2025**
|||Unrestricted|
|---|---|---|
|||fund|
||Notes|£|
|**CURRENT ASSETS**|||
|Cash at bank||5,782|
|**CREDITORS**|||
|Amounts falling due within one year|5|(3,600)|
|**NET CURRENT ASSETS**||2,182|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||2,182|
|**NET ASSETS**||2,182|
|**FUNDS**|6||
|Unrestricted funds||2,182|
|**TOTAL FUNDS**||2,182|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2026 and were signed on its behalf by:
Ms A Sakeria-Ahmed - Chairperson
The notes form part of these financial statements
Page 5
**THE STEF & PHILIPS FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|Fundraising events|£
26,877|
|---|---|
## **3. CHARITABLE ACTIVITIES COSTS**
Charitable activities
Direct Costs £ 39,135
Page 6
continued...
**THE STEF & PHILIPS FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 March 2025.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 March 2025.
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
£ 3,600
## **6. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
|||in funds|31.3.25|
|||£|£|
|**Unrestricted funds**||||
|General fund||2,182|2,182|
|**TOTAL FUNDS**||2,182|2,182|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|71,814|(69,632)|2,182|
|**TOTAL FUNDS**|71,814|(69,632)|2,182|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 March 2025.
## **8. INDEPENDENT EXAMINATION FEES**
The fees payable to the independent examiner for independent examination of the financial statements for 2025 was £3,600.
Page 7
**THE STEF & PHILIPS FOUNDATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Charity
**Charitable activities**
Fundraising events
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising events
**Charitable activities**
Charitable activities
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy fees
Total resources expended
**Net income**|£
48,920
2,439
51,359
20,455
71,814
26,877
39,135
20
3,600
69,632
2,182|
|---|---|
This page does not form part of the statutory financial statements
Page 8
## To: AGK Partners
1 Kings Avenue London N21 3NA
## 29 January 2026
## Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with account preparation of The Stef & Philips Foundation for the period ended 31 March 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
## **General**
1. We have fulfilled our responsibilities as Trustees as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
2. All the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records.
3. All the accounting records have been made available to you for the purpose of preparation of account. We have provided you with unrestricted access to all appropriate persons within the Charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
4. The financial statements are free of material misstatements, including omissions.
5. The effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total.
## **Internal control and fraud**
6. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.
7. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements.
8. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.
## **Assets and liabilities**
9. The Charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
10. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
11. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.
## **Accounting estimates**
12. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
## **Loans and arrangements**
13. The charity has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
## **Legal claims**
14. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.
## **Laws and regulations**
15. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
## **Related parties**
16. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
## **Subsequent events**
17. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **Going concern**
18. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We also confirm our plans for future actions required to enable the Charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.
## **Grants and donations**
19. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
## **Restricted grants and donations are as follows / listed overleaf:**
20. We acknowledge our legal responsibilities regarding disclosure of information to you as examiners and confirm that so far as we are aware, there is no relevant information needed by you in connection with preparing the financial statements.
## **Income**
21. All income has been recorded
## **Restricted funds**
22. There is no restriction on applicability of fund and all funds have been properly applied.
## **Correspondence**
23. All correspondence with regulators has been made available to the examiner.
## **Material representations**
24. Lack of evidence - Nil
**REGISTERED CHARITY NUMBER: 1205023**
## **TRUSTEES' REPORT AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **FOR**
**THE STEF & PHILIPS FOUNDATION**
AGK Partners Chartered Accountants
1 Kings Avenue Winchmore Hill London N21 3NA
**THE STEF & PHILIPS FOUNDATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Trustees' Report**|2|
|**Independent Examiner's Report**|3|
|**Income and Expenditure Account**|4|
|**Statement of Financial Position**|5|
|**Notes to the Financial Statements**|6 to 7|
|**Detailed Statement of Financial Activities**|8|
**THE STEF & PHILIPS FOUNDATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **TRUSTEES**
Ms A Sakeria-Ahmed Chairperson Mr P Philippou Trustee Mr C Philippou Trustee Miss J Philippou Trustee Mr A B Ashdjian Trustee Ms K M Giblin Trustee
## **REGISTERED OFFICE**
The Grange, 100 High St London N14 6BN
## **REGISTERED CHARITY NUMBER**
1205023
## **INDEPENDENT EXAMINER**
AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA
Page 1
**THE STEF & PHILIPS FOUNDATION**
## **TRUSTEES' REPORT FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
The trustees present their annual report together with the financial statements for the period 03 October 2023 to 31 March 2025.The Trustees confirm that the annual report and financial statements of the company comply with the Charities Act 2011, the company's governing document and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities.
## **INCORPORATION**
The charity was established on 3 October 2023 and commenced its activities on the same date.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity aims to prevent and relieve poverty in the United Kingdom by providing grants and essential items to individuals in need who are living in emergency or temporary accommodation, as well as by supporting charities and other organisations working with the same beneficiary groups. The Charity also seeks to help individuals living in emergency or temporary accommodation to develop their skills, capacities and capabilities so they can participate fully in society. This is achieved through furthering education, relieving unemployment through education, training, workshops and mentoring, and providing recreational activities in the interests of social welfare
## **Achievements and performance**
During the period of these accounts, the Stef and Philips Foundation has launched and run two grant programmes to support individuals and families at risk of, or challenged by homelessness. Our first funding provision offers support to project delivery, positively impacting our target beneficiary group. This stream seeks to further opportunity, and enhance wellbeing for those we look to help. Our second, offers crisis grant funding for individuals and families – this often takes the form of support for household items such as beds, baby essential equipment, support for food or utility bills and personal hygiene items. The programmes have proved incredibly impactful. Across this period, we have provided funding across every single London borough and have supported people experiencing homelessness, including single parents, survivors of domestic violence, members of the LGBTQ+ community, young people leaving care, survivors of modern slavery and those with settled refugee status.
## **Public benefit**
In planning any activities for the year, the Trustees have considered the Charity Commission guidance on public benefit.
## **FINANCIAL REVIEW**
The financial results of the charity are as shown in the Statement of Financial Activities on Page 4. As can be seen, there is a net surplus of £2,182 for the period. The Trustees consider that the performance of the charity this year has been satisfactory.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a Charitable Incorporated Organisation (CIO) governed by its Constitution, which was adopted on 03 October 2023 and is registered with the Charity Commission for England and Wales.
## **Recruitment and appointment of new trustees**
Trustees are re-appointed annually at the Annual General Meeting and are eligible for re-election. New trustees are eligible after serving a period of one year as a member of The Stef & Philips Foundation.
## **Risk management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures manage any perceived risks.
## **Induction and training of new trustees**
The induction and training of trustee is viewed as an ongoing process and relevant training opportunities are brought tot he attention of the board as required.
Approved by order of the board of trustees on 29 January 2026 and signed on its behalf by:
Ms A Sakeria-Ahmed - Chairperson
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STEF & PHILIPS FOUNDATION**
## **Independent examiner's report to the trustees of The Stef & Philips Foundation ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the period 3 October 2023 to 31 March 2025.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act and in carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable 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.
Alekos Christofi, FCCA
AGK Partners Chartered Accountants 1 Kings Avenue Winchmore Hill London N21 3NA
29 January 2026
Page 3
**THE STEF & PHILIPS FOUNDATION**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
|||Unrestricted|
|---|---|---|
|||fund|
||Notes|£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||51,359|
|**Charitable activities**|||
|Charitable activities||20,455|
|**Total**||71,814|
|**EXPENDITURE ON**|||
|Raising funds|2|26,877|
|**Charitable activities**|3||
|Charitable activities||39,135|
|Other||3,620|
|**Total**||69,632|
|**NET INCOME**||2,182|
|**TOTAL FUNDS CARRIED FORWARD**||2,182|
The notes form part of these financial statements
Page 4
**THE STEF & PHILIPS FOUNDATION**
## **STATEMENT OF FINANCIAL POSITION**
## **31 MARCH 2025**
|||Unrestricted|
|---|---|---|
|||fund|
||Notes|£|
|**CURRENT ASSETS**|||
|Cash at bank||5,782|
|**CREDITORS**|||
|Amounts falling due within one year|5|(3,600)|
|**NET CURRENT ASSETS**||2,182|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||2,182|
|**NET ASSETS**||2,182|
|**FUNDS**|6||
|Unrestricted funds||2,182|
|**TOTAL FUNDS**||2,182|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2026 and were signed on its behalf by:
Ms A Sakeria-Ahmed - Chairperson
The notes form part of these financial statements
Page 5
**THE STEF & PHILIPS FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|Fundraising events|£
26,877|
|---|---|
## **3. CHARITABLE ACTIVITIES COSTS**
Charitable activities
Direct Costs £ 39,135
Page 6
continued...
**THE STEF & PHILIPS FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 March 2025.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 March 2025.
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
£ 3,600
## **6. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
|||in funds|31.3.25|
|||£|£|
|**Unrestricted funds**||||
|General fund||2,182|2,182|
|**TOTAL FUNDS**||2,182|2,182|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|71,814|(69,632)|2,182|
|**TOTAL FUNDS**|71,814|(69,632)|2,182|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 March 2025.
## **8. INDEPENDENT EXAMINATION FEES**
The fees payable to the independent examiner for independent examination of the financial statements for 2025 was £3,600.
Page 7
**THE STEF & PHILIPS FOUNDATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 OCTOBER 2023 TO 31 MARCH 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Charity
**Charitable activities**
Fundraising events
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising events
**Charitable activities**
Charitable activities
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy fees
Total resources expended
**Net income**|£
48,920
2,439
51,359
20,455
71,814
26,877
39,135
20
3,600
69,632
2,182|
|---|---|
This page does not form part of the statutory financial statements
Page 8
## To: AGK Partners
1 Kings Avenue London N21 3NA
## 29 January 2026
## Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with account preparation of The Stef & Philips Foundation for the period ended 31 March 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
## **General**
1. We have fulfilled our responsibilities as Trustees as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
2. All the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records.
3. All the accounting records have been made available to you for the purpose of preparation of account. We have provided you with unrestricted access to all appropriate persons within the Charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
4. The financial statements are free of material misstatements, including omissions.
5. The effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total.
## **Internal control and fraud**
6. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.
7. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements.
8. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.
## **Assets and liabilities**
9. The Charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
10. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
11. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.
## **Accounting estimates**
12. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
## **Loans and arrangements**
13. The charity has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
## **Legal claims**
14. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.
## **Laws and regulations**
15. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
## **Related parties**
16. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
## **Subsequent events**
17. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **Going concern**
18. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We also confirm our plans for future actions required to enable the Charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.
## **Grants and donations**
19. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
## **Restricted grants and donations are as follows / listed overleaf:**
20. We acknowledge our legal responsibilities regarding disclosure of information to you as examiners and confirm that so far as we are aware, there is no relevant information needed by you in connection with preparing the financial statements.
## **Income**
21. All income has been recorded
## **Restricted funds**
22. There is no restriction on applicability of fund and all funds have been properly applied.
## **Correspondence**
23. All correspondence with regulators has been made available to the examiner.
## **Material representations**
24. Lack of evidence - Nil