2025-01-01 2025-12-31 false Capium Accounts Production 1.1 06625059 2025-01-01 2025-12-31 06625059 bus:FullAccounts 2025-01-01 2025-12-31 06625059 bus:FRS102 2025-01-01 2025-12-31 06625059 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 06625059 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06625059 2025-01-01 2025-12-31 06625059 2025-12-31 06625059 bus:RegisteredOffice 2025-01-01 2025-12-31 06625059 2025-01-01 2025-12-31 06625059 2025-01-01 2025-12-31 06625059 2025-01-01 2025-12-31 06625059 2025-12-31 06625059 2025-12-31 06625059 bus:Director1 2025-01-01 2025-12-31 06625059 bus:Director1 2025-12-31 06625059 bus:Director2 2025-01-01 2025-12-31 06625059 bus:Director2 2025-12-31 06625059 bus:Director3 2025-01-01 2025-12-31 06625059 bus:Director3 2025-12-31 06625059 bus:Director4 2025-01-01 2025-12-31 06625059 bus:Director4 2025-12-31 06625059 bus:Director5 2025-01-01 2025-12-31 06625059 bus:Director5 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Charity Registration Number

Charity Registration Number : 1183271

Company Registration Number : 06625059

THE TELOS FOUNDATION

A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025

THE TELOS FOUNDATION

CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2025





THE TELOS FOUNDATION

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
Trustee's report and financial statements
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Alan Davies
Peter Ward
Iain Cameron
Sarah Wright
Coralie Hooper
Trustee's responsibilities statement
The trustees, who are also the directors of the charity for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
  • select suitable accounting policies and then apply them consistently;
  • observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
  • make judgements and estimates that are reasonable and prudent;
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:


------------------------------------------------------------------------
Alan Davies
Director
Date : 18 September 2026

THE TELOS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
Recommended categories by activity Notes Unrestricted funds
£		 Restricted funds
£		 Total Funds 2025
£		 Total Funds 2024
£
Income and endowments from:
Donations and legacies 2 14,750 20,175 34,925 71,796
Total 14,750 20,175 34,925 71,796
Expenditure on:
Raising funds 206 - 206 205
Charitable activities 3 14,048 20,150 34,198 75,457
Other 5 - - - 112
Total 14,253 20,150 34,403 75,774
Net income/(expenditure) 497 25 522 (3,978)
Net movement in funds 497 25 522 (3,978)
Reconciliation of funds:
Total funds brought forward 5 50 55 4,033
Total funds carried forward 502 75 577 55

THE TELOS FOUNDATION

BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2025
Recommended categories by activity Notes Total Funds 2025
£		 Total Funds 2024
£
Fixed assets
Investments 6 3 3
Total fixed assets 3 3
Current assets
Debtors 7 10,000 -
Cash at bank and in hand 8 577 55
Total current assets 10,577 55
Creditors: amounts falling due within one year 9 10,003 3
Net current assets 574 52
Total net assets 577 55
Funds of the Charity
Unrestricted funds 10 502 5
Restricted funds 10 75 50
Endowment funds 10 - -
Total funds 577 55
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 18 September 2026 and signed on its behalf by:
Alan Davies
Director
Date : 18 September 2026

THE TELOS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Telos Foundation is a Charitable Company (Limited by Guarantee) registered with the Charity Commission for England and Wales. The registered office is Admiral House, St Leonards Road, Windsor, SL4 3BL.

1. Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.1 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.2 Going concern

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Income from donations or grants

Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.

1.4 Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

1.5 Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.

Direct costs are those costs which directly attribute to its activities.

All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.

1.6 Taxation

The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.

1.7 Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

2. Income from Donations and Legacies

Analysis Unrestricted funds Restricted funds Total funds 2025 Total funds 2024
£ £ £ £
Donation and gifts 14,750 20,175 34,925 70,283
Gift Aid - - - 1,513
Total 14,750 20,175 34,925 71,796

3. Expenditure on Charitable Activities

Analysis Unrestricted funds Restricted funds Total funds 2025 Total funds 2024
£ £ £ £
Bank charges 8 - 8 9
Grants paid 11,591 20,150 31,741 74,207
Charity management & administration 2,185 - 2,185 978
Total 13,784 20,150 33,934 75,194
Support Costs 264 - 264 263
14,048 20,150 34,198 75,457

4. Support Costs

Analysis Total funds 2025 Total funds 2024
£ £
Support Costs
Printing and stationery 411 410
Governance Costs
Accountants fees 58 58
469 468

5. Other Expenditure

Analysis Total funds 2024
£
Other Expenditure 112
Total 112

6. Investments

Other
£
Carrying(fair) value at beginning of period 3
Carrying(fair) value at end of year
3
The company's investments at the balance sheet date in the share capital of companies include the following:

Telos Partners International Limited
Registered office: Admiral House, St Leonards Road, Windsor, Berkshire, SL4 3BL
Nature of business: Licencing of Intellectual Property
Class of share: Ordinary £1 shares representing 100% of the issued equity share capital

 2025 2024
Aggregate capital and reserves £7,909 £9,603
Loss for the year £(1,694) £(19,264)


Tomorrow's Company (Enterprises) Limited
Registered office: Admiral House (c/o The Telos Foundation),St Leonard's Road, Windsor, SL4 3BL
Nature of business: Public relations and communications
Class of share: Ordinary £1 shares representing 100% of the issued equity share capital

 2025 2024
Aggregate capital and reserves £(3,231) £(3,447)
Profit/(loss) for the year £216 £(1,798)

7. Debtors: Amounts falling due within one year

Analysis of Debtors Total funds 2025
£
Other debtors 10,000
Total 10,000

8. Cash at bank and in hand

Analysis Total funds 2025 Total funds 2024
£ £
Cash in hand 577 55
Total 577 55

9. Creditors: Amounts falling due within one year

Analysis of Creditors Total funds 2025 Total funds 2024
£ £
Other creditors 10,003 3
Total 10,003 3

10. Charity funds

10.1 Details of material funds held and movements during the CURRENT reporting period
Fund names Fund balances brought forward Income Expenditure Fund balances carried forward
£ £ £ £
Unrestricted funds
5 14,750 14,253 502
Restricted funds
50 20,175 20,150 75
Total 55 34,925 34,403 577

10.2 Details of material funds held and movements during the PREVIOUS reporting period
Fund names Fund balances brought forward Income Expenditure Fund balances carried forward
£ £ £ £
Unrestricted funds
3,983 37,233 41,211 5
Restricted funds
50 34,563 34,563 50
Total 4,033 71,796 75,774 55

10.3 Designated funds

There were no designated funds at the year end.

11. Transactions with trustees and related parties

11.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment in either the current or previous years for fulfilling their duties.

11.2 Trustees' expenses

None of the trustees have been paid any remuneration or received any expenses for fulfilling their duties in either the current or previous years.

11.3 Transaction(s) with related parties

During the year The Telos Foundation received donations of £20,175 (2024: £37,233) from its wholly owned subsidiary company, Telos Partners International Limited.
During the year The Telos Foundation made contributions of £20,150 (2024: £40,563) to Tomorrow's Company (Enterprises) Limited to assist in the funding of research & development work. It also made an interest free loan of £10,000 to support this ongoing work, and this amount was still outstanding at the balance sheet date.
During the year Peter Ward, a trustee of the The Telos Foundation, made an interest free loan to the company of £5,000. This amount was still outstanding at the balance sheet date.

12. Average Number of Employees

Average number of employees during this year : 0 and last year : 0