RF.GISTF.RF,D C.OMPANY NIIMBER: 07211673 IEngl*nd gnd Wmles) REGISTERED CFIARITY NUMBER.. I I41144J Report of the Trnstee5 and Ilnludlted Fln*nel*l St*tements for ihe YeAr F.nded 31 December 2024 for The Red Rubber Ball FoundAtlon Godfrey Law5 & Co Limited 65 Knowl Piece Wilbury Way Hii¢hin Hertford5hire SG4 OTY The Red Rubber Bxll Troundgtion Contents of the frinAncial Statement5 for the Y￿r EDd¢d 31 D¢¢ember 2024 Page Reference #nd Admlnlstr*tlve Dei•lls Report ofthe Trustees 2 to 10 Independent F.xArnlner's Rtport St#tement of TrlnAncl*l Actlvltles 12 B*l*nee Sheet 13 Notes to the frlnAnel*l St*temtrtts 14 to 18 The Red Rubbtr Ball FouThd•tiOlb R¢f¢r¢nee and Administr*tiwe Det*i1s for the Yur EDd¢d 31 Dtttmbtr 21124 TRUSTEES Mr N A Kirby Ms K Adam Mr J D Aitrhl￿yn M5 S Gardner REGISTERED OFFICE 39 Barleycroft Ro Welwyn Garden City Hertfordshire AL8 6JX REGISTERED COMPANY NUMBER 07211673 (England and Wales} REGISTERED CHARITY ￿Ll￿1B￿R 1140443 INDEPENDENT EXAMINER (￿dfreY taws & Co Limitrd 65 knwl Piece Wilbury Way Hiichin Hertford5hire SG4 OTY Page I The Red Rubber BAII bouNdation Report of lh¢ Trustees ror ihe Ye*r Fnded JI Deeembtr 2024 The tnjstees who are also directOT5 of the eharity for Ihc PUryK>Se5 of the Companies Act 2¢M)6. present iheir rep)rt with the financial 51aleThents of the charity for the year ended 31 December 2024. The ¢rusie¢s have a(lopied Ihe provisions of A¢¢ouniin8 and Reporting by Charities.. Siaiemcni of Recommended Practice applicable to chartlie5 preparing ¢h¢ir accounts in acwrdan¢¢ wilh the Finan¢Éal R¢poning Si8ndth applicable in the UK aThd Republic of Ireland IFRS 1021 effective l Jwuary 20191. OIUb:C-I'IVLS AND ACTIVITIES Objectives and airns Th¢ i)bj¢¢iS as ¢xpr¢ssed in the Articles of Asw¢ia¢ion are: I l To Dct a5 a resource for young people up to Ihe a8e of 25 living in the UK and overseas by pnividins ￿]￿1¢¢, eduLAiitsn and organi$ing volunteering pro¥r4)mnies and ()Ih¢r aciiviii¢s fjs a meons of.. lal advancing in life and helping young pwple by develuping iheir skilly, CAPaCities and capabilities to enable them io participate in 50ciely a5 independent. mature and responsible individual%: Ibl advon¢tng ¢du¢81ion', Icl relieving unemploymeni: 21 'lThe relief of sickness and need and the advancem¢nt of Such other Ch￿l￿ble ptsrp)ses as are charitable under the laws of England and Wales thai the Trustees in their discreiion from time to lime deknnine. Public benefit In 2024.'IhL Rubber Ball Foundation Continued Ihe following proje¢l3.' l. Providin8 SUPlX)rt lo Kenyan families by offerin8 5cholgr5hip5 lo cover secondary schLY)I fees, cnablin8 to ¢onlinue th¢ir ¢duLaiion b¢yond prirn￿ level. 2. Mainthining links beiween Th¥0 primary s¢h(x)Is in Ihe IJK wilh Ih¢ir K¢nyan lovnierphrts. 3. sup￿rI1n8 two Kenyan schools by providin¥ bikc5. equipmenl. ¢loihin¥ and tr8inins for school cyclin8 clubs. children 5upporttrJ Th¢ I'ru%ie¢5 and other supporter5 undertake fundrOiSiDg and projwl g¢tivities IBrgely on a voluntary b￿15. During 2024 Ihe Tru$iccs voluniarily gave over 75 days of lime li) Th¢ Rcd Rubber Ball Poundalion pwjects and lldinini51ration. The'l ruslees are 5UPPOrted additionally by an advi50ry board of voluntcers in Kenya. AC'IIITr.VTr.MTr,NT AND PF.RFORMANCF. ChqritAble artlvltles Our a¥iiviiies operated thank5 lo th¢ Volun1￿ supp)rt of time. mon¢y. and ¢Th¢r8y, Since we began in 2011. Kholarship$ have been provided to 308 children, enablin8 them io attend se¢ortdary sch￿] ond in many ca5CS 80 on lo university gnd colle8¢. Finan¢ial supwn is given for sttondory sch￿1 place5. Wlth encouragefflenl 8iven to the children lo achieve 8Tades 5uITicicnt for thcrn lo secure 5ubsidised Stale university pla¢fs if they wish ts> ¢onlinue their ¢du¢aiion to degree level. Following the announcement of major changes to Ihe school sysiem. Ihe Tnjsiees decided to pause new s¢holarships for the 2023 and 2024 sch(K)l yea￿. meanin8 that no seholar5hips were otYeTed to ¢hildren ¢nt¢ring korni thje. Th¢ impA¢t of the new educaiion system has been a55e55ed the Trustee5 decided to be8in olTering seholsrships iTh January 2025 10 pupi15 enterin8 Grdde 7 under th¢ new 3-6-6-3 syst¢m. S¢holarships will focus on helpin¥ children to attend junior Secondary SCh￿IS &5 boarding pupils. The #liernaiive is foi ¢hildrert to attettd os dhy pupils which we believ¢1¢8v¢s FM)ih girls and boys at increased risk to their education and well-bein8. Those already re¢eiving scholarships under th¢ 8-4-4 sysiem returned io ￿h0)I, with seventy children ￿¢¢iVIng scholar5hip5 for the 2024 sch￿1 y¢8r. S¢holarnhips are provided to covcr the sch(x)I fee5 at the level %t Qui by the Kenyan Ministry of Education. Page 2 The Red Rubbtr B*ll Fo￿ndItIOn Rep)rt of the Trn$tees for the Ye*r Ended 31 Dt¢tmbtr 21n4 ACHIEN'LMI Lh""1' .4ND PERFOR,MAYCE Contin￿&.. Charitable *¢tivities Since our firsi seholarship in 2011 to 31 tkcember 2024. a totsl of 1.176 yeaT5 of Sch￿11ng have been provided at 210 differeni schools xn)ss the ¢(rtm￿. Many of the children arc orphans or arr being rnised by sin81¢ pamts. Non¢ of th¢m would be in scTrMM)I without our help. The students often live diffKult aThJ ¢omplic*ed live& in sorne c&s¢s #aying with distani relative5 or other villa8ers during schwl holidays. Twenty nine swdents sai th¢ KCSE secondary sclKx)I final exarns in 2024 with 19167OAI achievin8 a 8rnJc of C+ or atM)ve. This compares ￿ 25%of all students nationally. SiD¢e we ￿gan prowiding s¢holarships 150 ￿￿dentS have xhieved a 8rnde of C+ or alx)ve. which 15 the level rcquirtd for a university plact. This is reprcscnts 6￿* of all s￿￿50red students. Overall Final Exam Grades of Sponsored Students 45 35 25 15 io We remain in conlw With most of th¢ 252 sp)nsored sttthts WIKJ have left s¢hrA)l. Of these, 47 have now 8raduated and 117 students are currentty studying at univetsity or college. This means that 73V• of the sp)nsored students h8v¢ gone on ￿ further study after ¢ompletin8 scIKY)l. Siuden whoh e left sc1K￿l Excludin8 those wlMTr left sch(M)l in December 2023. 5tKmsored stthts have #udied courses * over 60 dÉfferent Lhniversiti¢s and ￿1[¢8¢$ across the ￿￿try. •At unplefsty oi colle8e Gr•*￿te pto unr•tr￿ty1[O1￿8e ma￿le￿/(hI*j1eTr •Attrxted Ot￿r support For tIM)s¢ in work or ￿UdY we aim to help thcrn find oppJrtuniti¢s for further sts￿y. WO￿ experienc¢, employmeni or to set up their own ventures. Page 3 The Red Rubber B911 Foundxtion Report of the Trllstees for the Ye•r F.￿d￿ 31 Deternber 2024 ACHIEVL,MEIry'l' AND PERFORMANCE continued... Charitable xcthwities Loan Students ¢art a¢Less l(xal government IIELB loans lowords iheÈT university studies, and we have develop¢d conthcts at the govemm¢ni siudent loan body which tn¢ans we can give help lo these 51udent5 a5 they apply for their loans. number have had di￿l¢u111¢S with ih¢se loans (for example, payment is often delayed or only part completel. We hov¢ been able to SUPFrf)rt a small number of students like thi5 Wlth loans of our own whi¢h are intere5t-frce. but repayable on¢e ihe student completes their COUTSe. Durin8 2024 a total of £1,475 was paid out in loans. £1.5Tr) was added io ihe I1)￿ fund from reserve5. Nothing was repaid by siudents in the year. givin8 a balance on ihe fund at 3 Isl Deccmber 2024 of £304 available for198ns in 2025. Over the years we have given out l¢Mis worth £17.686 to 56 sponsored siudents with £509 havin8 been repaid. These Tepayments are added back to the loan fund and m￿C available to future siuden¢s. In additiorh we have acquired 30 sewnd-haThd laptOP5 which have been 108ned to sponsored Students who are ut)iversity or ¢olle8e to help with their studies. A Red Rubber Ball Family WhatsApp group extsts for all those sponsored students who have left 5ch(KJl li.e. thai are over 18 yeaTS of age) and supwrters who have visiied Kenya. 'I'hi5 provides An opwkrtuniiy for siudents to share messages. in¢ludin8 news ofpro8res5, weddings and gradua¢ion& scholarships available locally and work opp)rtunities. And a FA¢eiKK>k group exists for RRBF Alumni to build their conthds and share ktMTrwled8e and opp)rtunities. This group 15 maintained by the students ihems¢lves. ¢lin The Red Rubber Ball Foundation bEgan a cycling club ai The Raila Lducation Centre in the Kibera slums of Nairobi in January 2017. with 15 bikes donated by Charity Bike Build. adding more bikes. plus clothing, t(M)ls. and equipment later. Around 50 tK>ys and girls attended sessions. learniTh8 10 ride and take part in rides beyond the school 8Tounds. The School Principal reporttd improved attendan¢e, with children who were previously often abseni. allendin8 sch(x)I more regularly. The club w&s helpin8 children who are oihe)wise very susceptible to temptations of drugs, glue snitying. alcohol. gang crime and violenc¢. and ¢ven proslibjtion. Sadly. these bikes disappeared along Wlth the programme u)-Ordin￿or whilst there were restrictions on movem¢ni due to COVID. Despite strenuous effort5 we have been unable io lo¢al¢ either the bikes or the programme w-ordinator, tneaning th&¢ the cycling club in Kibera w&s closed. Howev¢r, we have since been able to open two new ¢y¢ling ¢lubs ai Nam&s0li Sch￿1 in Kakamega county and at Senator Bawk Obama Secondary School in Siaya County under a differeni hrTangem¢nt. The Foundation provide5 bikes. a btke stand. toolbox. pumps, helmets. water bottles and cloihin& and arranges initial training for the teachers and child￿￿. memorandum of understandin8 Wlth the Board of Managemeni ot each school pla￿S responsibility for the safe keeping of th¢ bikes and daY-l￿daY management ol the club with the Schcx)I Principal. We believe thi5 is a better model and in keeping with ouroveyail philosophy of en8blin8 Kenyan5 to do more for themselwes. Meniori The backgrounds of the students receiving scholarships mak¢s it v¢ry difficult to find pertnanent work in Kenya thal pays a meaningful wage. even for those who have completed a ulliversity degree. They simply don't have the person ¢ont8¢ts and life experience requi￿d. Where possible we have Sought out work opportunities and personal m¢ntors to help them develop their personal skills and confldence on an informal b&8iS. Page 4 I'he Red Rubber BAII boundatio Report of the Trustees ror the Yur Ended 31 Deeemb¢r 21124 AI'IIIETr'L,MEN'I- AND PF.RFORMANC.F. continu¢d... C.'h#ritibl¢ *cttVLties Links eonthnue b¢tw¢en two UK primary $¢h￿)IS and two partner Sch￿15 Ln Nairobi. cnabling the children in ¢￿h ounlry to le4rn aix)ut ihe life of children ￿ToSs lh¢ world and develop penfriend5 overs￿. FINANCIAL RkVILW 1'he'l Nstce5 carry out th linancial risk ass¢ssmetit each month to confirni ihal funds are either in place or ¢xpe¢t¢d with high certainty. lo ensure that finonciai commiimLnis Lan be mei. and all projects wnlinue unatTecied. tk)nations received in 2024 meat)I Ihai all scholgrships were fully fuThd¢d with The Red Rubber Ball Foundaiboll paying the s¢hool fee5 set out by ihc Kenyan Mini51ry 1)fF.du¢aiion. Other fundrnising coniinued with a quiz night atlra¢iing a wide audi¢n¢¢ and 8enerntin8 funds for genernl reserves and available for prnjecls. The chwily Mised a ￿1￿] of £29.877 during ihe period. spending £18.771 on charithble &¢iivities and incurring fvndr¥i5in& &dmini51ralion. governonce ￿$1S of £1,862. Funds spent In 2024 E18P(XJ £I6￿clI É14A)tyJ El?.O((¢ Éio,o(Ki É8,LXIO £6,￿0 É4,(XJO É2,fy)0 Éo At 3151 December 2024. we hold £30.424 in Restricted RcscTve5. of which £24,729 1$ from donwions received from sp()nsors ￿WardS future sehol￿shipS. plus 8 ¢onlin8en¢y lo support those children. The contingency of £2.500 is set at around IO°/o of the year's ￿holarship budgei and exists io cover the remaining fees should a sw)nsor be unable to continue Iheir 5UPWrt. In addition. there are Restricted Reserves of £3.195 for ¢y¢ling aciivilies. This leaves £14.305 in Genwal Reserves which can be utilised in 2025. Pag¢ 5 The Red Rubber BAII Troundgtion Report of ihe Tru$tee$ for the Year Ended 31 Detember 2024 FINANCIAL REVILW continu￿. The Tnjstees have allocated some furhds as tk5ignat¢d Fund5 covering the balance on our siudent loan fund and will add ¢0 ¢his in 2025. Based on our projection5. the Trustee5 believe that the reserve5 are wjcquate to fulfil our commitments and ensure ihai all ¢hildr¢n currently being StK)nsored caTh complete their 5chooliTh8. Since we w re founded in We have raised £695.381 of which £29.030 has been th)naied by The Red Rubb¢r Ball Company snd founder Neil Kirby towards fundrdiSin8, administrdlion. and governance costs IcoveTing 82Yo of our £35.301 costs over the years). £666.351 has been received from other donations. irtcluding gift aid. Fund5 in thal time have been used as follows: 1% Scholarships £396,597 1% Programme Management £19,818 1%. Nahrobi worksI￿pS £47.163 Kilimanjaro £26,319 Mouni Kenya £9,530 Forn1ing £36.228 Cyclin £28.948 Alumni inc. mentoring £10.460 F(M)tball Academy £7.096 COVID $upp)rt IKenya) £5,678 • $th￿arthIK . Piosramme Mana8ement N￿ob*WO￿￿op5 Kilimarlaro . Mo￿[￿enya Fain1in8 Cwino MeThttsM Football Academv . CCND wpwrilKenyal Ketw xhools UK Youth projeus • IM 04er 5tr5 pfoiect Kenya s¢hc*)Is £3,828 UK Youth projects £3,436 UK Over 50's project £12,167 UK LA)ne Parents projeci £611.307 Pag¢ 6 The Red Rubber ￿11 Foundation Report of the Trustees for the Yt8T Ended 31 December 2024 FUTURE PLANS The edu¢atÉon system in Kenya 15 under-going a major chat)ge wilh Ihe final siudents in ￿h0o1 under the 8-4-4 system. Under the new 3-6-0-3 sysiem children will spend six years at Secondary school. three in Juni()r Secondary b¢foT¢ split with three years in Senior Secondary. At the same lime there is a shift away from exam based ¢esiing io an &ssessmenl based evaluation. Junior Secondary s¢h(x)15 are mostly day ￿h0O15 Wlth many Senior Secondary ￿h0O1$ offering knardin8 places. Our experience b¢¢n that day s¢hool 8ive5 ehildren an inferior educA¢ion &s children spend less lim¢ in sch(M)l and often have limited resourLes ai home. For girls. aiiendirh8 attend day school leaves them vulnerable io PTed810ry men and youth5, FGM and ￿rIY marria8e. Boys are also &¢ daily risk from PTe5sure5 to entcr 7Tr￿ crime. &l¢ohol and glue. In 2025 ihe Red Rubber B￿1 Foundation will ih¢r¢fore olTer new 5cholar5hbps for children from disadvantaged background5 lo attend Jiinhor Secondary 5¢hv(?Is thai provide b()arding pla¢es. We r¢co8nise that some children will not be¢n offered place5 as boardin8 pupi15 but still stmggle its poy d4y fees, so we will offer a limiled number of scholarships for day school platt3. Existing scholarships for stud¢nls complelin8 schwl under the 8.4-4 system will coniinue. Scholarships will remain the focus of dl our work with our aim io ¢n5ur¢ students mHke the very besi of ihe opponuniiy their scholarship offer5 and thu5 set Ihc most benefii value from the donaiions mAd¢. Wc will eontinue the supwrt available beyond schwl. Ihrough fin8nc¢ and laptop 104n$. and work with the Alumni group to help sludenls further Iheir education and find meaningful work. This way they Can best further their gmbition5 and Coniribuie 10 their iommuniiy. The Trustees continue lo look 10 move the responsibility for the scholarship programme from ihe UK io K¢ny4 5u¢h that All management Losts Are self-funded. We have around 43 Lhildren reiurnin8 ￿ secondary school for th¢ 2025 5¢hool ye4r and hav¢ provided 65 new 5cholar5hip5. We will continue to extend our network of local contacis visit the children each ierni lo ensure ihey have Wh￿ they need. and facilitgte corre5w>nden¢e between ihe l.oundation, 5ponsor5. and childrtn. Once win, the Trus*es will commit £l,(KbO from reserves towards siudeni loons in 2025 ￿ help s￿￿50T¢￿ stud¢rtts who are unable to obiain local stale loans lowards univcrsity or college siudies. This thnd will also be avhilable so siudenis can buy other ¢quipment or mat¢ri8ls needed for their 5tudics. and for 5rn811 business loans for Studert15 who Are not Ai universiiy or college ￿ set up Iheir veniure. Thos¢ who put forward a Case, con apply for gn int¢rest free. rtpayable loan. We will also pur¢hAs¢ fvnher Second-hand IAplops which will be available a5 aloon 10 5p)nsored ￿Udents 5tudyin8 at university or colleme. We are working wilh locally mana8ed 8TOUP5 lo provide ￿min support lo develop our Alumni nelwork. to help thi5 groyp of yOUDg people find meaningful WO￿ or establish their own wmmercial ventures, so thai Ihey Can suppon their own fAmilies. We no lon8¢r have any involvement in the farni ai Butere end have no p18ns for any further agri¢ulturnl education projects. Page 7 The Red Rubber BAII Foundation Report orth¢ Trustees for the Ye*r End¢d Jl Decernber 2024 FUTURE PLANSContlnued.. We will continue io provide training to the tca¢hers and children at Namasoli School and Senaior Barack Obam& Secondary S¢hwl 10 h¢lp them develop the cycliTh¥ ¢lubs. We will also encourage the tt¥o s¢h(x)Is to work together by holdbnx join¢ tyaining ¢amps. Tides and perhap5 Lompeiilions. We will look to open a third club during th¢ year. We hope io continu¢ ih¢ link5 between Ihe iwo UK and iwo KenyaTh prim￿ s¢hools. building on the existing partneT5hips so the children I￿rn mor¢ 8boul life in eAch couniry and continu¢ to COTresw)nd. The Tnjstees believe that we have fynds in place or & re&son&ble expecthiion of fU￿J5 to continue all existing projeds. We will coDtiny¢ to seek way$ to rnise funds to expand these. S¢holarships are provided only where 5p)nsors directly eommii funds. We will ￿ntinue to enwur88¢ th¢ repayment ofsludent loans as more 51ud¢nts wmplete university or college and find work. Trunds were rahsed by the C'ycle Kenya ridL in 2019 and held as Restrictcd Reserves io allow for ihe ¢xp&nsion of eyclc clubs in schools a¢rosJ Kenya. Where further cycling clubs Are op¢n¢d. each 5Lhuvl will be requir¢d lo demonstrate their commilmeni capaLiiy i(1 maintain these clubs. 'I'here will be no on-going finan¢ial comrniimcni from The Red Rubber Bwll Foundatiort to supw>rt these clubs. Additional project5 will bc developed where Red Rubber 1Sall l.oundation Trustees, supwrters arKI sponsors can commit ju￿1¢1¢nt tim¢. ener8y. artd funds. S'I'RIIC'TIIRTr;. CJOVLRNANCE AND MANAGLMLNT CJovernlnR document The Red Rubber Ball FoUnd￿lOn is a limited company, defined by ihe Cornpanie5 A¢t 2006, and was incorp)rol¢d on l April 2010 &8 0 ¢()mp￿Y limited by 8Liaranttt and not hivin¥ bhore ¥apithl. The charity 15 govemed by lis Memorandum and Articles of AsXxi￿lo￿ and regist¢r¢d with the ChArity Commission on 15 1.¢bw8ry 2011. havin8 r¢o¢hed the iThcorne threshold. Our Patron is Jane Obinchu, the hthl teacher of Kimane Mgwgé (who wa5 the world's oldest primary school pupil). The Company is governed by a Board of Trustee5 which mcets regularly to provide diTe¢lion and governance to the charity. The Trusiees have a broad range of skills 8nd experienee in businc5s, finance. markeiinB, du¢ation. 8nd ¢horiiie5. The Red Rubber Ball Foundation oper&les Separately from 'lThe Red Rubb¢r Boll Company olthou8h benefits frorn ihc &550cialion by appcaling to clients ¢onth¢ts of The Red Rubber Ball Company. mBny of whum hive donated money to th¢ Foundation. The Red Rubber Ball Company volunthrily commits 5°/0 of its inwme to the Foundation. which corttribuies towards the admin. fundraisin8 and 8overnHnce costs and cn5ure5 ihat ihc majority of all fund$ donot¢d by sponsors and supporteT5 are used for projects. The Red Rubber Ball Foundation provides no financial gain ￿ The Red Rubber Ball Company or to its 5harcholders. Pa8e 8 The Red Rubber B*ll FDundalio Report of ihe Trnsttes for the Yur Ended 31 Dtttmber 2024 STRUCTURL. GOVERNANCE AYD MANAGEME%T ContiTru￿L. The Articles of A5so¢iaiion swe th*: 'At all times. The Red Rubber Ball Found￿10￿ will have a minimum of nwo inthpendent tru5te¢s {i.e. thcy have Th) coThncrtion to Th¢ Red Rubber Ball Company) arwj a M￿lMuM of one trustee app)in¢al by the Company." Of the four Trusttts. th￿C itthpeTh4¢n¢ of The Red Rubber Ball Company. In x¢ord8nce with the Articles of Association,, K*e Adam and James AitrhI￿)n offer themselves for rt*leaion. Governanee The Tnlsiees meet regularly io miew aaiviiies and 8gree plans for the fuwre. We ci)ntinue to strengthen the governance of the charity with a Pfo8T¥mme ￿ miew ￿11¢1￿ and proc¢dure5 re8ularly in¢ludin8'. Child Proteciion Safeguarding Adults EnvirDnmeni Equality. Diversity a￿1 Inclusion Complaints Dath Prot¢¢tion Health arhd Safety Referral and Si8llTX>Stin8. Priva During 2024 we have styengdKned (Mlr ￿liCeS and practices towards preventin8 frnud 8nd Cyber Crime. RegiAers are also maintained for. Cornplaints Data bre￿be5 Welfare notification5. All entrics we Nsed with the TnK8*¢S at the earliest approwiate opp)rtunity. The Trusiees also w out an annual review of financial controls and workin8 PfXtice& and a miew of online costs and mobile rnoncy costs. We also review the gender and 8eo8T¥hical mix of the scknl4r5hip5. At 31 ikcember 2024. a total of 308 schol8T5hips have been provided w 152 ￿)yS and 156 girls. with the aim being an equal mix of b)ys and girls. Scholarthips have been offertd in 37 of the 47 oxjniies in Keny& This will be mainthined and extended where appropriaie. Wc have also analysed the t￿niC bxkgfound of the children ￿ ensure we offer S¢hOla￿lpS to a bTh>wJ range of the ethnicities. To date scholarships have been PTDvided to rhildren from 21 dblTerent thbal bxkgrounds plus one Somali and two South Sudanese refugee The Trustees are 5ati5fied that funds arr bein8 4pplicd tn the way intended. The Red Rubber Ball FOund￿lOn xeks ￿ provide ¢)P￿rtunitIeS for people ￿ fl¢)wish. tAJng.term success will see them making the rn0￿ of these opp)nuniiies. by doing things for themselves {tskinB per9)nal resp)nsibility). It is our belief #nd with that Icad¢T5 will theTrforc develop from within the Tnovcmcnt. The ambition of the Found*K)n hs to See the management and fina￿la1 resp)nsibility for xtivitie5 ￿ be taken on by Kenyan& for Keny•)s. The Red RubbeT Ball FoundHtion Report of the Trustees ror the l'ear Ended JI Decerllber 2024 STRUCTIIRE, GOVERiYANCE AND MANAGEfy1EYT Rl$k manAgerntnt Th¢ Irusi¢¢s have a duly to ideniify and review ihe risks to which th¢ chariry is exposed and lo ensure oppropriaie controls are in place to provid¢ reasonable os5urance againsi fraud and error. The charity ha5 a deiailed Risk Policy. which is reviewed ai l¢a5t annua15y by the Board. The Trusiees consid¢r thai the key risks currently facin8 the charity are: dependence of projects on individual Trusiees han8es to lh¢ Kenyan school 5y51em leading 10 an extra two years of s¢coThd&ry ￿hOolIng requiring furtding raising insufficieni funds to finance existin¥ proje¢is currency tluciualions increasing the'reAI' cosl of projecis in Kenya. Approved by order of the board of trustees on ..... .. and si8ned on its behalf by.. i Ilhe 21M)6 Act'l. Hgving satisfied myself Ihat the accoutJi$ of ih¢ c.ompany are nol required 10 be audiied under Part 16 of the 21KI6 Act and Are eligible for independent examination, I report in respect of my ¢xamination of your charily's oL¢ounis os carried out under Seciion 145 of ih¢ Chariti¢5 Act 2011 I'ihe 2011 A¥l'l. In ¢arying out my examination I have followed the Direclions given by ihe Charily Commission under Section 145151 (bl ofihe 2011 Aci. Independent tx*min¢r's stAternent I have complelcd Jlly cxaminuliiin. I confirm ihol rm) matter5 have ￿me io my artention in ¢OnTr￿tIon with the exominaiion givin8 me cause to believe.. couniing records were not kepi ITh r¢specl of the Company as required by Sedion 386 of the 2CN)6 Act; or the accounts do not accord with thos¢ records., or the a¢¢ounis do not ¢omply with the accountin8 requiremenls of Se¢tii)n 396 of the 2(M)6 Act other than any r¢quiremenl that the accounts give A true and fair view which is t￿1 a matter considered as Part of an independent examination.. or Ihe a¥¢ounls have not been prcpared in accordanc¢ with th¢ methods and principles vf the Sialement of Recommended Pra¢iice for ocwunting and reportin¥ by chariiies (applicable to charilte5 prepariri8 their account5 in ac£ordanLt with the Trinan¥iAI Reporting Standard applicable in the UK Republ1¢ of Ireland IFRS 10211. I h&vc no concerns And hav¢ come Acn)ss no oih¢r matlers in conneLlion with ihe ex&minaiion lo which ¥lt¢ntion should be drawn in this r¢w)rt in order to enablc a proper undersianding of ih¢ wcwunts lo be re*¢hed. Howard Ashmor¢ Godfrey L&ws & Co Limiied 65 Knowl Phee¢ Wilbury Way Hitchin Henford5hire SG4 OTY Date.. Pag¢ll The Red Rubbtr B911 Foundition StAtement of TrinaNcixl Activltles for the Year Ended 31 Decernbtr 21124 31.12.24 31.12.23 Total funds Unrestri¢ied fllnds Restricted funds rund5 Note5 INCOME AND kNDOWMLNTS FROM tk)naiions and le88cies 29,499 69.722 Inve8th)eni inwme 378 378 244 Total F,XPENDITIIRL ON Raisin8 funds 433 43) 1.877 l.'h*rbtAble ietlvltleg SLholar5hips Alumni includin8 mentorin8 ('y¢ling Club Kenyfi Sch(ols Seedba115 F4rnier Field S¢hools Mount Kenya 333 17.462 17.795 .siJ 297 166 46.697 571 3,846 2.730 136 17 9.530 297 166 (Xher Tot•1 NF,T INC.OME Tr*n5fers between fundg 6,611 2Jl)O 8Jll 3,263 Net movement In 4,611 4JilO 3,263 RF.CONCII.IA'TII)N ()V FIJNDS I VIAI funds bTI)uBhi fi?rword 9,694 2&224 32,655 TOTAL TrUNDS CARRILD FORWARD 14 The notes forni part of these fin8n¢ial 51atements Page 12 The Red Rubber Ball Foundation Balan¢e Sheet 31 Dectmber 2024 31.12.24 TotAI funds 31.12.23 Totsl funds Unresiricted funds Restricted funds Notes CURRENT ASSETS DebtOT5 Cash ai bank 1.410 14096 15,528 16J06 29243 8.837 15,125 30.424 45,549 37.226 CREDITORS Amounts falling due within one year {820) (8201 11,3081 NET CURRENT ASSETS 30,424 44,729 TOTAL ASSETS LESS CURRENT LIABILITIES 30,424 44.729 35,918 NET ASSETS 30.424 44.729 35.918 FUNDS Unresiri¢¢¢d funds Restricted funds 14J05 30,424 9.694 26.224 TOTAL FL,P4DS 44,729 The charitable company is eniitled to exemption from audit under S¢ction 477 of the Companies Aa 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of it5 financia] s¢alements for the year ended 31 December 2024 in acwrdatLCe With Section 476 of the Companie5 Act 2006. lThe trustees acknowledge their responsibiliiies for la) ensuTin8 that the charitable ¢ompany keeps accoun¢ing reeords that comply with Sections 386 and 387 of the Co]npanies Act 2006 and preparing finan¢ial statements which give a true and fair view of the stste of affairs of ih¢ charitable ￿mPartY as ot ¢he end of ¢4¢h financial year and of its surplus or defjcit for ea¢h financial year in accoTdan¢e with the requirements of Sedions 394 and 395 and which otherwise comply wilh the requir¢ments of ihe Cornpanies Act 2006 relaiing to financial slaternen¢s, so far a5 applicable to the charitable company. Ib) Thcse finan¢i&l Statements have been prepared accordance wilh the provisions applicable to charitsble coThpanies subject to th¢ small companies regime. The financial statements w¢re approved by the Board of T￿Stee5 and authoris¢d for issv¢ on ...&'LS and were signed on its behalf by.. Mr N A Kirby- Trusi¢e The Dotes fonn pan of these finon¢ial 5taternenis Pag¢ 13 The Red Rubber B•ll Found4¢ioD iyotes to the Finanfial S¢•temtrtlS for the Year Ended 31 Dttembtr 2024 ACC.OUNTINC. POLICIES B#$ls ofpreplriog ih¢ fin*ntiAI st*temeTrts The flnancial 5tatcmcnt5 of the ¢hariiable eompany. which 15 a public b¢n¢fil eiiiity vnd¢r FRS 102. have been prepared in accordance with the Chariiies SORP IFRS 1021'Accounting and Rew)rting by Chariiies.. Statement of R¢¢ommended Practice gpplicabl¢ to ¢hariiies preparing iheir xc4yJnts in ￿cO[dance with the Financial RetM)nin8 Stsndard applicabk in th¢ UK and R¢publkc of Ireland IFRS 1021 leffedtve l J8nu8ry 20191,. Fit)ancial Rep)rtin8 Swidard 102 The Fin￿¢1￿] R¢p)ning Swldard applicable in the UK and Republic of Irelat)d' and the Comp￿leS Act 2{￿. The fin￿￿￿1 ￿¥¢ beu wepred under the historical co convention. Income All income 15 Teco8ni5ed in the Sth*ment of Fina￿181 Adivities once the chvity has eniitlemeni ￿ the funds. Lt is pn)bable that th¢ incorne will b¢ received And the amouni Can be measurvj reliably. Expenditure Liabiliiie$ are reco8nised ts expenditure as Is there is 8 legal or constructive obligaiion committtng the Ch￿IlY ￿ th￿ expendiiurt. it is probable th￿ a transfer of e¢onomi¢ benefits will be required in settlcmeni and th¢ amount of the obliytion can be m￿sU￿d reliably. Exwdilure i5 for on an ￿¢rU￿5 ￿￿lS and has been ¢[￿S￿ried under he*lin8s all com T¢lat¢d io the category. Whcrc Costs cannoi be direcily attribu*d ￿ particular headings they have been dI0¢￿ed ￿ T￿l¥lUC$ on a b•515 wn5151ent with the use of r¢sourc¢5. GrAnis otrered subj¢ii ￿ wndi¢ioDs which have betn mrf ￿ the year eThl da* are noted as • commitmeni bul nol accrucd Ls cxpenditurt. Tix•iio The charity is exemo fmm CLYWi(ffl thx (ffi its Charitsble •divities. Aceoiiiitlng Unrcstrirled funds can be used in raordanc¢ with the charit#ble objectives ￿ the dis¢rdion of the tThSteeg. Restricted funds can (ffily b¢ u5¢d for wi¢uiar restriaed PUryKW within th¢ obj¢¢ts of the charity. Restridions arise when s￿lfied by the dO￿)ri￿ when fiuKls Art rnised for P￿icular restric*d PUryKJseJ. Further expla)￿lOn of and ofexh fithd is included in the to the fina￿1•1 statements. INVESTMF.NT INCOME 31.12.24 31.12.23 Dewsit %count iniert 378 244 Page 14 conlinued... The R¢d Rubber BAII Found*ilo Note5 10 the b Ingnchal Statement5- Colltinued for the Ye*r Ended 31 Deternber 2024 RAISING FIINDS R*iJing don*tlon$ Itg*cies Jl.12.24 31.12.23 Support ¢osis 472 851 TRIISTTr.F.S' REMUNLRA"fioN AND BkNTr.TrITS No Trusie¢ r¢c¢ived any payment in conne¢tion with their role as g Trustee. The Articles of Associ￿lon pennits ￿YMent to Trustees for ihe provision of 5ervice5 10 the Charity where the Trustees detemiine th&i these amounts we Tewnabl¢ in the circumstances and in the best int¢r¢sts of the chariiy. Trustees, expenye There were no Iruslees. expenses paid for the yeAr ended 31 December 2024 nor for the year ended 31 December 2023. DEB'foRS: AMOIINTS FAI.I.INC. Dllb: wi'fiiiN ONTr. YFAR 31.12.24 31.12.23 Sundry debtors Prepgyments 15.826 480 8.837 CRTr.DIT()RS: AMOiINT5 FALLINC: Dilb. WITIIIN ONF. YTr;AR Jl.12.24 31.12.23 A¢¢rued expens 820 MOVkMLN'f IN TrIINDS Net movement in funds TTan5fcrs between funds At 31.12.24 Ai 1.1.24 Unrestrl¢ted funds General fund 9,694 6.611 12.(KlOI 14JOS Reslrleied funds Scholarships Cyclin8 22.733 2A96 296 2,OIKI 27.129 TOTAL FUNDS Page 15 continued... The Red Rubber BAII fround*tlo Notes to the Flnin¢i*l St*tements- cvnlithued for the Yur Ended 31 Dtcembtr 2024 MOVEMkN'f IN FUNDS- eontiDued Net rnovement in fuTMl& includa in the ¥lx)ve are 85 follows: IDcomin8 Resources Movement soyrres expendcd in funds Unrestrirttd fun Gen¢r81 fund 9,918 IJJ07) Rtstrieted funds S¢holarships Cycling 19,958 {17.462) 297 2,496 296 TOTAL FUNDS 29 Comp•r*tlve5 for m•wemtht In fuTrds Nd movemeni in funds At 31.12.23 Ai 1.123 Unrestricted fund5 General fund 9.392 302 9,694 R¢ytrirted funds S¢htslarships Cyclin8 Seedballs 17.869 5.230 4,864 11,739} 22,733 3.491 TOTAL FIINDS Cornparalive ne¢ Thvement in funds included in the ab)ve ￿ as follows: Irwmin8 Rc50urces expended Movemenl in funds Unrestricted r￿ttds Gener81 fund 30.343 130.041) 302 Restricted Scholarships Cy¢ling Seedbails 37.516 2.107 132.6521 13.8461 4.864 11.7391 TOTAL FUNDS Pa8e 16 continua... The Red Rubber BAII Found4tlo Notes io the Financial St8tements- eoniinu for the Year Ended 31 December 2024 MOVEMENT IN FUND5- tontinmed A currcni year 12 months 8nd prior year 12 months wnbined position is follows.. Net movem¢ni in funds Trnnsfers between lund5 At 31.12.24 At 1.1.23 Unrestricted funds Generdl fund 9.392 6,913 12.(N)01 14.305 Restrl¢ted fundj S¢holArships Cy¢ling Seedballs 17.869 5,?30 164 7.360 12.0.15} 2.000 27.229 3,195 TOTAL FUNDS A current yew 12 months 8nd prior year 12 m¢)nths ¢ombhned rtet movement in funds. in¢lud¢d in the &bove are as follows.. Incoming rt50urees Re%ouTces expended Movement irt funds Unrejirlcted funds CJen¢ral fund 40.261 133,348) 6.913 Res¢rl¢t¢d fundy ScholArships Cycling Seedbglls 57.474 2.108 150.1141 14.14.31 7.360 12.0351 54421 'I'O'I'AL FUNDS 87 7691 OTHER FINANC:IAL COMMITMF.NTS At 31 Ikcembcr 2024, the Chariiy hod no capital commitments. Page 17 continued... The Red Rubber Ball fround*iio IYot¢s to the Finxnci*l St4tements- tonilmued for ibe Y¢•r Ended JI December 2024 RELATF.D PARTY DISCL05URES Insur¥n¢e costs are m*ched by a spttific &)n3tion from onc 5UPW)rter. All other fundraisin8 gnd ￿MinISt￿li0n costs or¢ covered by th)n￿lonS ttceived frorn The Red Rubber Ball Company. 2024 2023 Fundrnising Costs Independeni Examinalion & t&K Web hosting Insursnce Subscriwions Annual return Mis¢¢llaneous Tot•1 cos £433 £8?0 £494 £306 £120 £13 £46 £2332 £1.205 £69 £298 (Covered by Sup￿tr th)naiion) £ IIM) £2.645 RKBCO donation £850 £655 In 2024 The Red Rubber Bdl Compwly thr￿ed £850. Th¢ Red Rubber B￿1 Found*ion wovides no financial gain to The Red Rubber Bail Cornpany. GENF.RAI. INTrnRMATION The Red Rubber Ball Foundatioti. i compfiny limited by guaraniee. is a limikd wmp￿Y incorp)r8ted in Enslond and Wales has il's re8i4ered olTice and principal Pl￿ of busine$5 at 39 Barleycroll Ro*J. Welwyn GJrden City. Hertfordshire. AL8 6JX. The prin¢ipAI aaivity of the C￿nPanY is of • ¢h•riry. Th¢ objwlive5 and iims of the ch￿ty tre str￿ in the Report ofthe Trns*e Page 18