2020-12-31-accounts - The Rcrt Foundation

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

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 January 2020 To 31 December 2020

Section A Reference and administration details

Charity name THE RCRT FOUNDATION

Other names charity is known by THE RCRT FOUNDATION

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1 Lorenzo Guidi			Executive committee
2 Alberto Garrone			Executive committee
3 Ben Barnett			Executive committee
4 Patrick Chautard			Executive committee
5 Manila Raino			Executive committee
6 Sonja Laud			Executive committee












~~ae~~	~~ae~~	~~ae~~	~~ae~~

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Accountant	LB Group	Number One, 1 Vicarage Lane, London, E15 4HF



Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

CIO – ASSOCIATION REGISTERED Type of governing document

(eg. trust deed, constitution)

How the charity is constituted CHARITABLE INCORPORATED ORGANISATION

(eg. trust, association, company)

Trustee selection methods APPOINTED BY EXECUTIVE COMMITTEE

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

The charity considers all risks on a project-by-project basis ensuring that all monies received are spent in the most compliant way possible with the charity’s governing set of rules.

The charity is run by the executive committee where all trustees are key members of the charity raising funds and organising events of the charity. There is no wider organisation structure beyond the executive committee and there are no related parties or conflict of interests.

As part of the charities grant given scheme, they maintain a wider network of unrelated charities in order to identify projects and schemes worthwhile of their donations.

The trustees are made aware on a regular basis of the major risks associated with the above and how to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The RCRT Foundation (“ RCRT ”) was created in 2014 with the mission to select impactful and inspiring projects and to offer them to donors who value transparency and believe in our hands-on, asset-management-like approach.

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March 2012

The RCRT Foundation has been set up to help children both in the United Kingdom and overseas who have been disadvantaged in several ways. This includes not having correct and proper access to:

Education and schooling
Family Support
Clean sanitation, medical facilities and healthy diet
Sports and similar activities

The purpose of RCRT Foundation (RCRT) is deemed to be beneficial as via its grant giving and charitable activity it will ensure that those children who are most at need will have access to the same human rights, as well as health and educational conditions similar to those in wealthier countries and areas.

RCRT do not believe that the actions and purpose of the charity will cause harm or detriment to the public, and / or people of whom it has set out to benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

RCRT will ensure that no trustee within the organisation will obtain a personal benefit from its activities. RCRT therefore wishes to directly effect and have an impact on both children it will help directly via 3[rd] parties, but also the families and other peoples connected with the child.

RCRT hope that by creating a sustainable structure for benefiting children, i.e. those youngest and most susceptible to inequalities, it will create the foundations for a better society in the future. This will be the main drive of the educational element of RCRT.

Whilst this is the long-term plan of the charity, the short- and mediumterm ambition is to dramatically improve the lives of the people that they are working with. This is to be obtained by the family support, health and sporting elements of the charity’s aim.

Family support- this will help both children and parents be aware of the benefits that a close emotional and physical bond can create. By putting into place the structure this allows for growth and structure towards the longer-term plan.

Health- access to all items noted before will enrich the children’s lives allowing for a more joyful and sustainable lifestyle in the future.

Sports and other activities- will bring the benefit and ethos of both teamwork, whilst furthering the benefit that has arisen from the health work.

TAR

March 2012

Additional details of objectives and activities (Optional information)

The RCRT Foundation, due to the business background of its executive committee take its policy on grant making and review of the grants as a high priority.

You may choose to include further statements, where relevant, about:

Grant making is only provided after an extensive Due Diligence process and the signing of an MOU (Memorandum of Understanding). This details the key criteria on which the funds are spent and how it is managed. Subsequent to this the charity and the executive committee maintain a strict reporting and achievables criteria in order to ensure that the project is running as planned.

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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March 2012

Summary of the main achievements of the charity during the year

ACHIEVEMENTS

2019 has been a year of net income as a result of ongoing support by the trustees and events. Due to the cyclical nature of the charity the trustees are looking to use the 2020 period as a time to grant the funds and reserves raised in the 2019 year. The main projects that the charity has funded in the 2019 year are as follows. United World Schools:

RCRT has partnered in 2019 with UWS to fund the construction, the setup and first year operations of each school. After Year One, each school will be partnered with more affluent schools around the world in order to provide continued financial sustainability . This project enabled the provision of primary education to children in three remote and marginalised communities (Khamare, Hedangnagadi and Tellok, all in the Sankhuwasabha District) in Eastern Nepal. For the first time, the three primary schools that were built are allowing 100-200 children from each village to gain a basic education. More than 400 children aged 3-14 are already enrolled in grades 1-5; going forward, we expect enrolment to rise up to 900-1,000 children as we increase the number of grades to 5 years. Additionally, at least three adults (one from each community) have been trained as community teachers and are receiving a fair salary. RCRT has partnered with UWS to fund the construction, the set-up and first year operations of each school. Now the schools are partnered with more affluent schools around the world in order to provide continued financial sustainability. Hello World: RCRT has partnered in 2020 with Hello World (HW), which is a charitable organisation which works with marginalised communities to provide access to online learning in Uganda . Hello World builds solar powered, internet enabled, education hubs in marginalised communities. Each hub provides unlimited free internet access for over 1,000 people through multiple terminals and WiFi, enabling out-of-school children to learn, connect and play. This innovative and highly scalable approach could be game changing, and its potential is yet to be fully sized.

RCRT has partnered with HW to fund and support the research needed to measure and document - to the best possible standards - the impact Hello Hubs are having in their communities. At the same time, on the practical side, this project has provided vocational skills for girls, various mentoring programs and ultimately build and activate up to 8 new hubs in rural Uganda.

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March 2012

Section E Financial review Reserves are maintained for the use of further grants and donations in Brief statement of the the following financial year. charity’s policy on reserves Details of any funds materially No funds materially in deficit. in deficit Further financial review details (Optional information) You may choose to include ~~Oo~~

Further financial review details (Optional information) You may choose to include The charities principal sources of funds came from Trustee and corporate additional information, where donations during the period. These donations supported the funds relevant about: generated in the 2019 financial year. • the charity’s principal sources of funds (including any fundraising); The expenditure throughout the year supported the charitable causes of • how expenditure has the entity but directly funding overseas projects as per its set of objectives and criteria. supported the key objectives of the charity; • investment policy and There are no investment policies and objectives, all of the money is objectives including any expected to be spent on ongoing and new projects. ethical investment policy adopted. ~~tL~~ Section F Other optional information ~~__~~ Section G Declaration The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Lorenzo Guidi Position (eg Secretary, Chair, etc) Chair Date 31.10.2021

TAR

March 2012

Charity Name		No (if any)
The RCRT Foundation		1157435
Receipts and payments accounts Period start date Period end date To For the period from 01/01/2020 31/12/2020				CC16a

Section A Receipts and payments

Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts Donations 9,218 - - 9,218 132,644 - - - - - - - - - - Sub total (Gross income for AR) [ 9,218 ] - - 9,218 132,644 ~~SS~~ A2 Asset and investment sales, ~~SS~~ (see table). - - - - - - - - - Sub total - - Total receipts 9,218 - - 9,218 132,644 ~~———— ==~~ A3 Payments Grants and donations paid 4,583 - - 4,583 45,511 Cost of fundraising events 3,223 - - 3,223 50,084 Cost of charitable activities 1,209 52,000 - 53,209 1,363 Costs of generating voluntary receipts - Sub total [ 9,015 ] 52,000 - 61,015 96,957 ~~=—===>=~~ A4 Asset and investment purchases, (see table) - - - - - - - - Sub total [ - ] - - - - ~~—~~ Total payments ~~————=~~ 9,015 52,000 - 61,015 96,957 Net of receipts/(payments) 203 - 52,000 - - 51,797 35,687 A5 Transfers between funds - - - - - A6 Cash funds last year end 104,176 - - 104,176 96,184 Cash funds this year end 104,379 - 52,000 - 52,379 131,871 ~~— SSS55~~

CCXX R1 accounts (SS)

11/11/2021

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Natwest Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 104,379 - - - - - 104,379 - OK Agreement Error Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Lorenzo Guidi	Endowment funds to nearest £
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			Date of approval
		Lorenzo Guidi

CCXX R2 accounts (SS)

11/11/2021