Registered number 06696272
The Steve Sinnott Foundation
Report and Accounts
31 December 2022
Registered Charity Numbers 1130814 and SC046031 Company Registration Number 06696272
The Steve Sinnott Foundation Report and accounts Contents
| Page | |
|---|---|
| Reference and administrative details of the charity | 1 |
| Trustees' Annual Report | 2-6 |
| Independent Examiner's Report | 7-8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Activities prior year | 10 |
| Balance sheet | 11 |
| Notes to the accounts | 12-15 |
The Steve Sinnott Foundation Company Information
Directors
E Glazier E Jackson (resigned 20 January 2023) M Sinnott W Chambers S Rayment M Hussein T Sambhawana (appointed 13 March 2023)
Independent Examiner
Charles Ssempijja, FCA NfP Accountants Ltd 3rd Floor 86-90 Paul Street London EC2A 4NE
Bankers
The Co-operative Bank PO Box 101 1 Balloon Street Manchester M60 4EP
Registered office
Arnold House 15 Clarendon Road Watford WD17 1JR
Registered Charity Numbers 1130814 and SC046031 Registered Name of the Charity The Steve Sinnott Foundation Company Registration Number 06696272
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The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report
06696272
The Trustees present their annual report and accounts for the year ended 31 December 2022. The Trustees' Annual Report is also the Directors' report for the purposes of Company Law. The Directors of the charitable company ("the charity") are its trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees. The financial statements comply with current statutory requirements, the charity's governing document, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP 2015 (FRS102). Taking advantage of the small charities provision in Section 4.6 and 4.22-4.26 of the same SORP, the trustees have reported income and expenditure on a natural basis.
INTRODUCTION
The Steve Sinnott Foundation holds the vision that all children have the right to quality education, and we work with partners to ensure that this becomes a reality. We support the achievement of the Sustainable Development Goals, specifically (SDG 4) to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. We believe that the achievement of this goal supports the achievement of all 17 SDG’s.
We are now in our 12th year of operation and we are continually learning ourselves as an organisation and we focus on reciprocal learning. We work with teachers and educators on the ground to develop projects that are "fit for purpose", locally owned and managed and sustainable. In 2022 we have mostly focused our efforts in Cuba, Haiti, The Gambia, Sierra Leone, Guinea Bissau, Uganda, Malawi and the UK.
The Foundation was established in 2009 to maintain the momentum of the work of Steve Sinnott, General Secretary of the National Union of Teachers of England and Wales, in promoting the achievement of the United Nations Millennium Development Goals for education established by world leaders in 2000. Steve died suddenly, whilst still in office, in April 2008.
OBJECTIVES AND ACTIVITIES
The Charity's objects (the Objects) are to promote for the public benefit the education of children and young people across the world by seeking to ensure access to education for all children everywhere in accordance with Sustainable Development Goal 4, these Objects may be advanced by any of the following means:
a) improving the ability of teachers across the world to collaborate in improving the access to and quality of education for all children;
b) providing a focus for ideas from educators around the world as to how universal primary education may best be achieved and collecting and disseminating these ideas;
c) establishing an online international community of teachers, educationalists and other interested parties to discuss ideas for advancing universal primary education; and
d) supporting projects for the development of education in developing countries and encouraging the participation of teachers and educationalists from the developed world in such projects. The charity's principal activities are to raise funds and provide funding and develop partnerships for the delivery of sustainable projects to improve education in developing countries working with teachers and educators from across the world.
The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.
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The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report
06696272
ACHIEVEMENTS AND PERFORMANCE
During this year, we have continued to reassess our priorities and find new ways of supporting learning to continue in many of the countries we work in, particularly in the rural areas. The effect in countries that rely on tourism for income has continued to have a huge impact on families, schools closing has had a devastating effect on children’s access to learning, especially for girls.
Our Life Long Learning Webinars have continued this year, enabling us to share online learning globally.
There continues to be huge divide between those who can afford to learn online and those who cannot and we have made ways of connecting digitally a priority
We have carried out a tremendous amount of work this year and the success of some of the work has meant that demand for our involvement has increased in some areas.
SSF Partner Projects
We work with teachers and educators on the ground to develop projects that are “fit for purpose”, locally owned and managed and sustainable. Here is a selection of our current work:
Our Positive Periods programme continued in 2022 in Sierra Leone, The Gambia, and Haiti and was launched in Guinea Bissau, Uganda and Malawi: Girls are missing 50 days of school each year just because they have their period. The ‘Positive Periods’ programme teaches girls and young women about good menstrual health and how to take care of their bodies alongside creating their own re-usable sanitary pads which are long lasting, locally sourced, and most importantly, ecofriendly.
Out of the Positive Periods Programme a request for Gender Based Violence training came and we have delivered this training now in The Gambia, Cuba and Sierra Leone
A Learning resource Centre was established in The Gambia in 2021 providing a training space, library and computer suite, providing connectivity and learning resources for educators and students. We have now set up 3 digital classrooms in The Gambia schools and a Learning Resource Centre in Sierra Leone
Unesco ASPnet Schools Programme
The Foundation's Chief Executive, Ann Beatty, is the UK Co-ordinator for UNESCO’s ASPnet programme. This is a is a global network of over 12,000 educational institutions in 182 countries. Member institutions – ranging from pre-schools, primary, secondary and vocational schools to teacher training institutions - work in support of international understanding, peace, intercultural dialogue, sustainable development and quality education in practice. In June 2022, we held the first UNESCO APSnet UK Conference on-line; "Arts and Culture for Peace"
We hosted an inspirational line-up of speakers and workshops who shared innovation and examples of best practice in education for peaceful sustainable development. We were pleased to welcome over 90 attendees from over 30 countries across the globe. You can read about it here: https://www.stevesinnottfoundation.org.uk/connecting-for-peace-conference-unesco-aspnet-u-k2022
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The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report
06696272
Future plans
We have agreed as an organisation to focus on the sustainability and scalability of our project work with our current partners.
We are continuing our focus on projects which provide access to education for all children everywhere: Learning Resource Centres, Teacher Training, Girls Education, Digital Connectivity and Sustainability
FINANCIAL REVIEW AND RESERVES POLICY
After making appropriate enquires, the trustees have a reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total income total expenditure Restricted funds Total funds Net income/ (expenditure) Gain/(loss) on the revaluation of current asset investments to fair value Unrestricted funds |
2022 2021 £ £ 182,440 199,261 (195,261) (206,780) (7,447) 2,093 (20,268) (5,426) 143,871 164,139 36 36 143,907 164,175 |
|---|---|
The Foundation's income in 2022 was again derived almost entirely from donations. The Teachers Group Educational Trust granted £100,000 and has committed to grant £110,000 amount in 2023 and 2024.
The National Education Union granted £50,000.
The Foundation has invested the money from previous legacies with the intention of earning interest on funds not currently required for the day to day running of the charity. The total amount invested at 31 December 2022 including funds invested from legacies in prior years is set out in note 9 of the accounts.
The Trustees wish to maintain reserves equal to 12 months of operating costs and if reserves fell below this level, a meeting of the trustees would be held to agree appropriate action. This reserves policy currently reflects a minimum level of reserves of circa £70,000.
The level of reserves is above the minimum level of reserves of circa £70,000 for the current year required under the agreed reserves policy and and a large proportion of funds in excess of the minimum level of reserves have been invested on a short term basis as set out in note 9 of the accounts. Reserves have decreased during the year mainly due a fall donations and loss on revaluation of short term investments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is governed by the Memorandum and Articles of Association agreed in 2015. Ann Beatty continued as the Foundation’s Chief Executive throughout 2022. The Foundation has contracted professionals and consultants this year to carry out work on administration, fundraising, social media, networking, website maintenance and communications work. The Foundation has engaged 4 people on this basis in 2022.
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The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report
06696272
The pay and remuneration is reviewed each year by the trustees taking account of inflation, available resources and other similar charities pay scales.
The Foundation’s trustees are also the Directors of the company limited by guarantee. The following persons served as directors during the year:
E Glazier
E Jackson (resigned 20 January 2023)
-
M Sinnott
-
W Chambers
-
S Rayment
-
M Hussein
-
T Sambhawana (appointed 13 March 2023)
In order to recruit new Trustees the Foundation advertises on social media and through their own networks, and the applicants are formally interviewed by the Chief Executive and 2 other Trustees. The Trustees are then formally elected at the first meeting they attend, following their interview. No individual person or body may appoint one or more trustees.
The Foundation reformed our support group of teachers, educators and education consultants and renamed the group “Ambassadors” during 2020.
The group now has 17 Ambassadors who carry of a range of activities to support the Foundation’s work: representing the Foundation at events, hosting workshops and talks, advocacy, specialist advice and support when required.
The Foundation welcomed Dr Nira Chamberlain as a patron.
You can find out more at website: www.stevesinnottfoundation.org.uk
STRATEGIC DEVELOPMENT
The Strategic Plan was reviewed and updated by the Trustee Directors to 2025. The focus continues to be on communications, raising funds to meet demand and sustainability.
COMMUNICATIONS
The Foundation published the twenty-fifth and twenty-sixth issues of its magazine, ENGAGE which again attracted high profile contributors of articles published alongside project reports, news updates from around the world together with articles from international development activists, teachers and students and news about the Foundation’s activities.
We launched Creating Change -The World I Want to Live in, A global Human Rights competition for schools and this was hugely successful with entries from across the world. The entries will be published in Engage 27
FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS
The charity does not hold any funds as custodian trustees on behalf of others.
ADMINISTRATIVE DETAILS OF THE STEVE SINNOTT FOUNDATION
The Foundation is a UK company limited by guarantee with charitable objects registered under number 06696272 and a UK charity registered with the Charity Commission for England and Wales under number 1130814 and in Scotland with registration number SCO46031.
The Foundation's office address is:
Arnold House 15 Clarendon Road Watford Hertfordshire WD17 1JR
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The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report
06696272
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 August 2023 and signed on its behalf.
M Sinnott
M Sinnott (Aug 31, 2023 11:34 GMT+1)
M Sinnott Trustee Director
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The Steve Sinnott Foundation
Independent Examiner's Report to the Board of Trustees of The Steve Sinnott Foundation for the year ended 31 December 2022
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Respective responsibilities of the Board of Trustees and examiner
As the trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 ('the 2005 Act'), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 ('the 2006 Act'). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 44 (1) ( c) of the 2005 Act and section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Company, and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Board of Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view”, and this report is limited to those matters set out in the statement below.
Independent examiner’s statement
Since the Company is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 that in any material respect:
-
accounting records were not kept as required by section 386 of the 2006 Act and Regulation 4 of the 2006 Accounts Regulations; or
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the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (SORP 2015), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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The Steve Sinnott Foundation
Independent Examiner's Report to the Board of Trustees of The Steve Sinnott Foundation for the year ended 31 December 2022
Departure from the 2008 Regulations
I understand that the financial statements have been prepared to give a 'true and fair' view, and have departed from the Charities (Accounts and Reports) Regulations 2008, only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 FRS102, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005), which is referred to in the extent regulations, but has since been withdrawn.
Conclusion
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.
Ssempijja
Ssempijja (Aug 31, 2023 11:54 GMT+1)
Charles Ssempijja, FCA NfP Accountants Ltd Chartered Accountants 3rd Floor 86-90 Paul Street London EC2A 4NE
29 August 2023
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The Steve Sinnott Foundation
Statement of Financial Activities Including Income and Expenditure Accounts for the year ended 31 December 2022
| Notes Unrestricted Funds 2022 £ Income Donations and legacies 180,820 Investment income 1,580 Interest receivable 40 Total income 182,440 Expenditure Subcontractors costs and commissions payable 10,840 Project costs 95,311 Employee costs 55,948 Premises costs 6,793 General administrative expenses 8,044 Legal and professional fees 18,325 Total expenditure 195,261 (7,447) 2 (20,268) Total funds at 1 January 164,139 Transfers in /(out) - Total funds at 31 December 11 143,871 Gain/(loss) on the revaluation of current asset investments to fair value Net income/(expenditure) for the year and Movement in total funds for the year |
Restricted Funds 2022 £ - - - - - - - - - - - - - 36 - 36 |
Total Funds 2022 £ 180,820 1,580 40 182,440 10,840 95,311 55,948 6,793 8,044 18,325 195,261 (7,447) (20,268) 164,175 - 143,907 |
Total Funds 2021 £ 197,602 1,654 5 199,261 7,265 114,644 49,671 6,960 8,615 19,625 206,780 2,093 (5,426) 169,601 - 164,175 |
|---|---|---|---|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.
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The Steve Sinnott Foundation
Statement of Financial Activities Including Income and Expenditure Accounts for the year ended 31 December 2021
| Notes Unrestricted Funds 2021 £ Income Donations and legacies 184,370 Investment income 1,654 Interest receivable 5 Total income 186,029 Expenditure Subcontractors costs and commissions payable 7,265 Project costs 99,340 Employee costs 49,671 Premises costs 6,960 General administrative expenses 8,578 Legal and professional fees 19,625 Total expenditure 191,439 2,093 2 (3,317) Total funds at 1 January 169,601 Transfers in /(out) (2,145) Total funds at 31 December 164,139 Net income/(expenditure) for the year and Movement in total funds for the year Gain/(loss) on the revaluation of current asset investments to fair value |
Restricted Funds 2021 £ 13,232 - - 13,232 - 15,304 - - 37 - 15,341 - (2,109) - 2,145 36 |
Total Funds 2021 £ 197,602 1,654 5 199,261 7,265 114,644 49,671 6,960 8,615 19,625 206,780 2,093 (5,426) 169,601 - 164,175 |
Total Funds 2020 £ 181,258 1,714 1 182,973 10,299 69,150 49,188 6,670 10,741 15,119 161,167 2,579 24,385 145,216 - 169,601 |
|---|---|---|---|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.
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The Steve Sinnott Foundation Registered number: 06696272 Balance Sheet as at 31 December 2022
| Notes Fixed assets Tangible assets 7 Current assets Debtors 8 Investments held as current assets 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Total assets less current liabilities Net assets Total funds of the charity Restricted Funds Unrestricted Funds Total charity funds |
2022 £ 1,273 1,273 372 52,292 91,179 143,843 (1,209) 143,907 143,907 36 143,871 143,907 |
92 59,739 118,691 178,522 (16,631) |
2021 £ 2,284 2,284 164,175 164,175 36 164,139 164,175 |
|---|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Sinnott
M Sinnott (Aug 31, 2023 11:34 GMT+1)
M Sinnott Director Approved by the board on 29 August 2023
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The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP), Accounting and Reporting by Charities and FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. As such the charity has taken advantage of the exemption available not to present a Cash Flow statement.
The Steve Sinnott Foundation meets the definition of a public benefit entity under FRS 102.
Alternative reporting
Income and expenditure have been analysed on a natural basis, taking advantage of small charities provision in Section 4.6 and 4.22-4.26 of the SORP.
` Departure from the Charities (Accounts and Reports) Regulations 2008
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005) which has since been withdrawn.
Fund Accounting
Funds held by the charity are either:
Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of appeal.
Income
Income received from subscriptions, donations, Gift Aid Tax and activities is measured at the fair value of the consideration received or receivable. Income is recognised when the charity has entitlement to the funds, any performance conditions attached the item of income have been met, it is probable that the income will be received and the amount can be reliably measured. Accruals are made for monies received on fund generating activities that were held during the financial year but received after the financial year end up to the date these financial statements were approved by the trustee/directors. Income received in advance of the provision of services is deferred until the criteria for income recognition are met.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable tht a settlement will be required and the amount of the obligation can be measured reliably. Resources expended are included in the Statements of Financial Activities on an accrual basis, inclusive of any VAT which cannot be recovered. Where applicable they have been charged directly to the funds and activities to which they relate.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Current Asset Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2022
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
| 2 Net income/(expenditure) for the year This is stated after charging: Depreciation of owned fixed assets Independent Examiner's remuneration Contributions to pension fund for employees Net income for the year was stated after crediting: Donations from Trustees During the year no trustees received any reimbursement of expenses (2021 : £nil) Remuneration and benefits of key management personnel including social security costs |
2022 £ 1,011 900 1,384 50,089 240 |
2021 £ 1,255 900 1,368 47,482 290 |
|---|---|---|
3 Trustee Remuneration and Payments
During the year, no Trustees received any remuneration (2021: £Nil).
4 Contribution by Volunteers
The Trustees do voluntary work for the Foundation in addition to the extensive work of the Chief Executive across all areas. They met formally as Trustees on four occasions in 2022. Furthermore the Foundation was supported by approximately 12 volunteers, who made a valuable contribution to the day to day work of the Foundation during the year.
| 5 Staff costs Wages and salaries Social security costs Other pension costs No employee received emoluments more than £60,000. 6 Employees Average number of persons employed by the company 7 Tangible fixed assets Cost At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
2022 £ 48,899 1,190 1,467 51,556 2022 Number 6 Plant and machinery etc £ 6,965 6,965 4,681 1,011 5,692 1,273 2,284 |
2021 £ 46,345 1,137 1,390 48,872 2021 Number 6 Total £ 6,965 6,965 4,681 1,011 5,692 1,273 2,284 |
|---|---|---|
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The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2022
| 8 Debtors Other debtors 9 Investments held as current assets Fair value Unlisted investments Unlisted investments 10 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors 11 Movement in Funds As at 1 January 2022 Income Expenditure £ £ £ Restricted fund Haiti Earthquake Appeal 36 - - Designated project fund - 100,240 137,582 General fund 164,139 82,200 65,126 Total restricted and unrestricted funds 164,175 182,440 202,708 Movement in Funds As at 1 January 2021 Income Expenditure £ £ £ Restricted fund Haiti Earthquake Appeal - 3,232 5,377 Restricted fund The Gambia positive periods - 5,000 5,000 Restricted fund Haiti positive periods - 5,000 4,964 Designated project fund - 100,666 138,794 General fund 169,601 87,456 52,645 Total restricted and unrestricted funds 169,601 201,354 206,780 Increase/(decrease) in fair value included in the income and expenditure account for the financial year |
2022 £ 372 372 2022 £ 52,292 52,292 (7,447) (7,447) 2022 £ 264 45 900 1,209 Transfers in/(out) £ - 37,342 (37,342) - Transfers in/(out) £ 2,145 - - 38,128 (40,273) - |
2021 £ 92 92 2021 £ 59,739 59,739 2,093 2,093 2021 £ 436 350 15,845 16,631 As at 31 December 2022 £ 36 - 143,871 143,907 As at 31 December 2021 £ - - 36 - 164,139 164,175 |
|---|---|---|
During the year some unrestricted income has been designated by the Trustees to be spent on project work. This income and costs directly relating to project work incurred during the year have been allocated to a designated project fund. A transfer was made during the year from the general fund to the project fund, as some projects are partially funded by the general fund.
During 2021 the Charity ran an appeal to raise funds for the Haiti Earthquake in August 2021. Funds raised and related expenditure were recorded in restricted funds. A contribution was also made from the general fund to restricted fund in support of this appeal and is shown in the table above as a transfer in to the restricted fund.
During 2021 the Charity received grants from the Openwork Foundation for the Haiti and The Gambia positive periods projects. The grants and related project expenditure were recorded in restricted funds.
At 31 December 2022 the net assets of £143,907 were analysed between the general fund (£143,871), the project fund (£nil) and the restricted fund (£36).
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The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2022
12 Controlling party
The company is limited by guarantee and is under the control of its Trustees as a body.
13 Other information
The Steve Sinnott Foundation is a private company limited by guarantee and is incorporated in England. It has no share capital. The liability of each member in the event of winding up is limited to £10.
As a charity, tax exemption applies to income arising and expended on its charitable activities.
Its registered office is:
Arnold House 15 Clarendon Road Watford WD17 1JR
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22-12-31 Steve Sinnott Foundation final accounts v4
Final Audit Report
2023-08-31
Created: 2023-08-31 By: Lisa Davis (compliance@numerii.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAOGEIacSUhBNjZsecwdKm3RCxGU578tMz
"22-12-31 Steve Sinnott Foundation final accounts v4" History
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