## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 January 2021 **To** 31 December 2021
## Section A Reference and administration details
**Charity name** THE RCRT FOUNDATION **Other names charity is known by** THE RCRT FOUNDATION **Registered charity number (if any)** 1157435 **Charity's principal address** 30 Burnaby Street London **Postcode SW10 0PJ**
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Lorenzo Guidi|||Executive committee(Chair)|
||Alberto Garrone|||Executive committee|
||Ben Barnett|||Executive committee|
||Patrick Chautard|||Executive committee|
||Manila Raino|||Executive committee|
||Sonja Laud|||Executive committee|
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
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## **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|
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|**Name of chief executive or names of senior staff members (Optional information)**|||
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## **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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The RCRT Foundation has been set up to help children both in the United Kingdom and overseas who have been disadvantaged in a number of 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 medium term 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 team work, whilst furthering the benefit that has arisen from the health work.
**TAR**
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## **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.
**TAR**
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Section D Achievements and performance
## **Summary of the main achievements of the charity during the year**
## **ACHIEVEMENTS ACHIEVEMENTS**
Due to the cyclical nature of the charity the trustees have used the 202021 period as a time to consolidate the management and performance of the last project which has been supported, the Hello World Project.
## **Hello World:**
|_RCRT has partnered in 2020-21 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._|
|_Here are few highlights of the outcome of the activities which have been_|
|_carried out by Hello World and RCRT in 2021:_|
|-
_47% of respondents reported learning a new skill at the Hub and_|
|_90% of respondents said that their quality of life had improved as_|
|_a result of the Hub_|
|-
_Children have shown a steady improvement in the level of literacy_|
|_as a consequence of their increased access to educational_|
|_software installed on tablets (onetabs), which have been_|
|_distributed to the local communities_|
|-
_180 families now have onetabs in their homes in our Kampala_|
|_communities. HW received such positive feedback from mothers_|
|_about their children’s learning that we have further scaled the_|
|_project to new communities_|
|-
_RCRT funded the increase of the Hub Heroes project, whereby_|
|_mothers (the Hello Heroes) are provided the benefit, training and_|
|_use of a tablet which they can bring home and use to provide_|
|_education for their children and gain knowledge about skills for_|
|_themselves_|
|-
_Vocational Training for girls: HW piloted this training programme_|
|_at our Busawula Hub, training 3 women who regularly attended_|
|_the Hub to become trainers in a ‘Women in Tech’ Programme. We_|
|_had a high attendance of 25 girls in our first cohort who learned_|
|_transformative life skills as well as computer knowledge and_|
|_entrepreneurship training_|
|-
_Thanks to the success of this programme, we have since trained_|
|_all of our community support officers in delivering this programme_|
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Section D Achievements and erformance p
_to girls at each Hub. We have refined the curriculum so that it is the most accessible to the communities that we work with, and empowered our community support officers to lead this training without our core team’s presence._
**TAR**
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## **Section E Financial review**
## **Brief statement of the**
Reserves are maintained for the use of further grants and donations in 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 additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
The charities principal sources of funds came from Trustee during the period. These donations supported the funds generated in the 2021 financial year.
The expenditure throughout the year supported the charitable causes of the entity but directly funding overseas projects as per its set of objectives and criteria.
- There are no investment policies and objectives, all of the money is expected to be spent on ongoing and new projects.
## **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 October 2022
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March **2012**
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**----- Start of picture text -----**
Charity Name No (if any)
The RCRT Foundation 1157435
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2021 31/12/2021
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 7,916 - - 7,916 9,218
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 7,916 ] - - 7,916 9,218
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 7,916 - - 7,916 9,218
A3 Payments
Grants and donations paid - - - - 4,583
Cost of fundraising events - - - - 3,223
Cost of charitable activities 1,361 - - 1,361 53,209
Costs of generating voluntary receipts - - - -
- - - -
- - - -
- - - -
- - - - -
Sub total [ 1,361 ] - - 1,361 61,015
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 1,361 - - 1,361 61,015
Net of receipts/(payments) 6,555 - - 6,555 - 51,797
A5 Transfers between funds - - - - -
A6 Cash funds last year end 52,379 - - 52,379 104,176
Cash funds this year end 58,934 - - 58,934 52,379
**----- End of picture text -----**
CCXX R1 accounts (SS)
21/10/2022
1
|**Section B Statement of assets and liabilities at**|**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 £**
**58,934**
**-**
**-**
**-**
**-**
**-**
**58,934**
**-**
OK
OK
**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 £**
**-**
**-**
**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
31.10.2022|
CCXX R2 accounts (SS)
21/10/2022
2