OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Steve Sinnott Foundation

2024-12-31-accounts

Registered number 06696272

The Steve Sinnott Foundation

Report and Accounts

31 December 2024

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 12-14

The Steve Sinnott Foundation Company Information

Directors

E Glazier M Sinnott W Chambers S Rayment M Hussein S Tiwari-Aiyar

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

Lord Lieutenants Charity Hub Suite 23, Building 6, Hercules Way, Leavesden Hertfordshire WD25 7GS

Registered Charity Numbers 1130814 and SC046031 Registered Name of the Charity The Steve Sinnott Foundation Company Registration Number 06696272

1

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 2024. 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 SDGs.

We are now in our 15th 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 2024 we have mostly focused our efforts in Haiti, The Gambia. Sierra Leone, Guinea Bissau, Ghana, South Africa, Nepal and the U.K.

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.

This year we celebrated our 15th year of operation by hosting a reception in Parliament to thank our partners and funders.

You can download a copy of the Celebration booklet here: https://irp.cdnwebsite.com/87ddca53/files/uploaded/SSF_15_Years_Booklet.pdf

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.

2

The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report

06696272

The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.

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.

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

This year, a significant amount of work has been completed, and as a result, demand has increased in certain 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 2024, reaching 180,000 girls in Sierra Leone, Guinea Bissau, Ghana, and Haiti: 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, eco-friendly.

The prevention of Gender Based Violence training for 2,577 educators in The Gambia, Sierra Leone, Haiti, Ghana and South Africa.

Counselling Skills training delivered for 140 educators in The Gambia.

SEN Awareness training delivered for 220 educators in The Gambia and Sierra Leone.

Kreyol Literacy Programme for 180 learners in Haiti.

A further 50 bicycles delivered to students in rural villages to support them to travel to school safely in the Gambia.

The Learning 3 Resource Centres and 3 Digital Classrooms are making use of the best available technology and delivering excellent learning and development for educators, students and their wider communities in Haiti, The Gambia and 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. We currently have 126 schools in the U.K.

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: Leaning Resource Centres, Teacher Training, Girls Education, Digital Connectivity and Sustainability.

3

The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report

06696272

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 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total income
total expenditure
Net income/ (expenditure)
Gain on the revaluation of current asset investments to fair value
Unrestricted funds
Restricted funds
Total funds		 2024
2023
£
£
312,894
201,212
(255,409)
(263,080)
1,623
4,086
59,108
(57,782)
145,233
86,089
-
36
145,233
86,125

The Foundation's income in 2024 was again derived almost entirely from donations. We are extremely grateful to the following funders:

The Teachers Group Educational Trust

The National Education Union Soroptimists International Foundation Ulster Teachers Union Education Scotland Union

During the year the Teachers Group Educational Trust granted £205,000 and has committed to grant £120,000 in 2025 and 2026.

The National Education Union granted £50,000 during the year and the Soroptimists International Foundation granted £16,000.

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 2024 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 increased during the year mainly due an increase in donations, some of which have been designated to the project fund to cover projects such as sustainability which remain in progress at the year end.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The organisation is governed by the Memorandum and Articles of Association agreed in 2015.

4

The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report

06696272

Ann Beatty continued as the Foundation’s Chief Executive throughout 2024.

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 2024.

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 (Chair)

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.

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-seventh and twenty-eighth 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.

https://www.stevesinnottfoundation.org.uk/engage

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.

5

06696272

The Steve Sinnott Foundation Company limited by guarantee registered number: Registered charity numbers: 1130814 and SC046031 Trustees’ Annual Report

The Foundation's office address is: Lord Lieutenants Charity Hub Warner Bros Studios Suite 23, Building 6, Hercules Way, Leavesden, Hertfordshire, WD25 7GS

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 25 September 2025 and signed on its behalf.

Mary Sinnott

Mary Sinnott (Sep 25, 2025 11:26:44 GMT+1)

M Sinnott Trustee Director

6

The Steve Sinnott Foundation

Independent Examiner's Report to the Board of Trustees of The Steve Sinnott Foundation for the year ended 31 December 2024

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

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:

  1. accounting records were not kept as required by section 386 of the 2006 Act and Regulation 4 of the 2006 Accounts Regulations; or

  2. the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

  3. 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

  4. 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).

7

The Steve Sinnott Foundation

Independent Examiner's Report to the Board of Trustees of The Steve Sinnott Foundation for the year ended 31 December 2024

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.

Charles Ssempijja, FCA NfP Accountants Ltd Chartered Accountants 3rd Floor 86-90 Paul Street London EC2A 4NE

25 September 2025

8

The Steve Sinnott Foundation

Statement of Financial Activities Including Income and Expenditure Accounts for the year ended 31 December 2024

Notes
Unrestricted
Funds
2024
£
Income
Donations and legacies
311,127
Investment income
1,562
Interest receivable
205
Total income
312,894
Expenditure
Subcontractors costs and commissions payable
19,015
Project costs
136,352
Charitable payments
1,000
Employee costs
63,113
Premises costs
855
General administrative expenses
10,804
Legal and professional fees
24,270
Total expenditure
255,409
1,623
2
59,108
Total funds at 1 January
86,089
Transfers in /(out)
36
Total funds at 31 December
10
145,233
Net gains on investment assets
Net income/(expenditure) for the year and
Movement in total funds for the year		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
36
(36)
-		 Total Funds
2024
£
311,127
1,562
205
312,894
19,015
136,352
1,000
63,113
855
10,804
24,270
255,409
1,623
59,108
86,125
-
145,233		 Total Funds
2023
£
199,386
1,474
352
201,212
23,009
151,140
-
60,728
960
8,010
19,233
263,080
4,086
(57,782)
143,907
-
86,125

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.

9

The Steve Sinnott Foundation

Statement of Financial Activities Including Income and Expenditure Accounts for the year ended 31 December 2023

Notes
Unrestricted
Funds
2023
£
Income
Donations and legacies
199,386
Investment income
1,474
Interest receivable
352
Total income
201,212
Expenditure
Subcontractors costs and commissions payable
23,009
Project costs
151,140
Employee costs
60,728
Premises costs
960
General administrative expenses
8,010
Legal and professional fees
19,233
Total expenditure
263,080
4,086
2
(57,782)
Total funds at 1 January
143,871
Total funds at 31 December
10
86,089
Net income/(expenditure) for the year and
Movement in total funds for the year
Net gains/(losses) on investment assets		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
36
36		 Total Funds
2023
£
199,386
1,474
352
201,212
23,009
151,140
60,728
960
8,010
19,233
263,080
4,086
(57,782)
143,907
86,125		 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

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.

10

The Steve Sinnott Foundation Registered number: 06696272 Balance Sheet as at 31 December 2024

Notes
Fixed assets
Tangible assets
7
Current assets
Investments held as current
assets
8
Cash at bank and in hand
Creditors: amounts falling due
within one year
9
Net current assets
Total assets less current
liabilities
Net assets
Total funds of the charity
Restricted Funds
10
Unrestricted Funds
10
Total charity funds		 2024
£
589
589
58,001
87,902
145,903
(1,259)
144,644
145,233
145,233
-
145,233
145,233		 2023
£
1,383
1,383
56,377
31,091
87,468
(2,726)
84,742
86,125
86,125
36
86,089
86,125

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.

Mary Sinnott

Mary Sinnott (Sep 25, 2025 11:26:44 GMT+1)

M Sinnott Director Approved by the board on 25 September 2025

11

The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2024

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.

12

The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2024

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 (2023 : £nil)
Remuneration and benefits of key management personnel including social
security costs		 2024
£
794
900
1,614
54,917
240		 2023
£
913
900
1,575
53,410
240

3 Trustee Remuneration and Payments

During the year, no Trustees received any remuneration (2023: £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 2024. 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

5
Staff costs
Wages and salaries
Social security costs
Other pension costs
No employee received emoluments of more than £60,000.
6
Employees
Average number of persons employed by the company
7
Tangible fixed assets
Cost
At 1 January 2024
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 2024
£
53,797
1,120
1,614
56,531
2024
Number
1
Plant and
machinery
etc
£
7,987
7,987
6,604
794
7,398
589
1,383		 2023
£
52,509
901
1,575
54,985
2023
Number
1
Total
£
7,987
7,987
6,604
794
7,398
589
1,383

13

The Steve Sinnott Foundation Notes to the Accounts for the year ended 31 December 2024

8
Investments held as current assets
Fair value
Unlisted investments
Unlisted investments
9
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security costs
Other creditors
10 Movement in Funds
As at 1
January
2024
Income
Expenditure
£
£
£
Restricted fund Haiti Earthquake Appeal
36
-
-
Designated project fund
-
229,355
190,756
General fund
86,089
85,162
64,653
Total restricted and unrestricted funds
86,125
314,517
255,409
Movement in Funds
As at 1
January
2023
Income
Expenditure
£
£
£
Restricted fund Haiti Earthquake Appeal
36
-
-
Designated project fund
-
120,222
195,886
General fund
143,871
80,990
63,108
Total restricted and unrestricted funds
143,907
201,212
258,994
Net gains/(losses) on investments included in the income and expenditure account for
the financial year		 2024
£
58,001
58,001
1,623
1,623
2024
£
330
-
929
1,259
Transfers
in/(out)
£
(36)
-
36
-
Transfers
in/(out)
£
-
75,664
(75,664)
-		 2023
£
56,377
56,377
4,086
4,086
2023
£
800
1,026
900
2,726
As at 31
December
2024
£
-
38,599
106,634
145,233
As at 31
December
2023
£
36
-
86,089
86,125

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. During the year the small brought forward balance on the Restricted fund Haiti Earthquake Appeal was re-designated to the general fund as approved by the Trustees.

At 31 December 2024 the net assets of £145,233 were analysed between the general fund (£106,634), the designated project fund (£38,599) and the restricted fund £nil.

11 Controlling party

The company is limited by guarantee and is under the control of its Trustees as a body.

12 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:

Lord Lieutenants Charity Hub Suite 23, Building 6, Hercules Way, Leavesden Hertfordshire WD25 7GS

14

The Steve Sinnott Foundation

Detailed Income and Expenditure for the year ended 31 December 2024

This schedule does not form part of the statutory accounts

Donations
Donations
Subcontractors costs and commissions payable
Subcontractor costs
Charitable payments
Employee costs:
Wages and salaries not allocated to project costs
Employer's NI not allocated to project costs
Pensions not allocated to project costs
Staff training and welfare
Travel and subsistence not allocated to project costs
Premises costs:
Rent
General administrative expenses:
Telephone and internet
Stationery and printing
Subscriptions
Bank charges
Insurance
Software
Repairs and maintenance
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Consultancy fees not allocated to project costs
Advertising and PR not allocated to project costs
Project costs:
Direct project costs
Wages allocated to project fund
Other staff costs allocated to project fund
Legal and professional fees allocated to project fund
Administrative costs allocated to project fund
Total expenditure		 2024
£
311,127
311,127
19,015
19,015
1,000
10,760
224
323
200
5,687
17,194
855
855
807
3,798
1,046
518
617
1,968
978
794
276
10,802
4,894
-
10,893
15,787
136,352
45,224
695
8,483
2
190,756
255,409		 2023
£
199,386
199,386
23,009
23,009
-
10,502
180
315
-
5,743
16,740
960
960
1,245
2,318
1,127
1,064
580
400
149
913
214
8,010
4,513
6,000
8,720
19,233
151,140
43,988
-
-
-
195,128
263,080

15

Steve Sinnott Foundation final accounts 31 December 2024 v4

Final Audit Report

2025-09-25

Created: 2025-09-25 By: Lisa Davis (compliance@numerii.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA5oN0WSfhFxKef2NsvYCucSAT3L4pUJlJ

"Steve Sinnott Foundation final accounts 31 December 2024 v4" History

2025-09-25 - 9:56:09 AM GMT

Signature Date: 2025-09-25 - 10:26:44 AM GMT - Time Source: server

Document emailed to charles.ssempijja@nfpaccountants.co.uk for signature