## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 January 2023 **To** 31 December 2023
## 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|
||Alberto Garrone|||Executive committee|
||Ben Barnett|||Executive committee|
||Patrick Chautard|||Executive committee|
||Manila Raino|||Executive committee|
||Sonja Laud|||Executive committee|
||||||
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||||||
||||||
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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**
**TAR**
March **2012**
1
## **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**|Affinia|19thFloor, 1 Westfield Avenue, London E20 1HZ|
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
||||
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
CIO – ASSOCIATION REGISTERED
- (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.
**TAR**
March **2012**
2
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** RCRT will ensure that no trustee within the organisation will obtain a **public benefit in relation to** personal benefit from its activities. RCRT therefore wishes to directly **these objects (include within** effect, and have an impact on both children it will help directly via 3[rd] **this section the statutory** parties, but also the families and other peoples connected with the child. **declaration that trustees have had regard to the guidance** RCRT hope that by creating a sustainable structure for benefiting **issued by the Charity** children, i.e. those youngest and most susceptible to inequalities, it will **Commission on public** create the foundations for a better society in the future. This will be the **benefit)** 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.
## **Additional details of objectives and activities (Optional information)**
**TAR**
March **2012**
3
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
**TAR**
March **2012**
4
## Section D Achievements and erformance p
**Summary of the main ACHIEVEMENTS achievements of the charity during the year** 2019 has been a year of net income as a result of ongoing support by the trustees and events. The Nottin Da donated a large £14,000 to the charity. 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. **Humanwire Butterfly Project:** _RCRT is partnering with Salam LADC, to fund the education programme carried out at the Butterfly Effect Centre, with the objective of helping 300 children to catch up with the lost curriculum, to ‘learn-to-learn’ and - at the end of the year - to successfully enrol in the public education system._ **United World Schools:** _RCRT is partnering with UWS to fund the construction, the set-up 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_ . **SAMS:** _RCRT is partnering with SAMS, to entirely fund the operations carried out at SAMS’ paediatric facility in Idlib (for a 12-month period), where thousands of children and women are treated every year._ **Wine to Water:** _With the support of RCRT, a total of 11,641 individuals have had their lives transformed through the provision of water and improved sanitation & hygiene – this excellent result almost doubled the original objectives and has been achieved by targeting high impact locations such as schools and community gathering points. In addition, RCRT funded the purchase of an air compressor in a view to enable the excavation of deeper and higher capacity wells through harder soil and rock. This long-term investment is expected to support a commercially sustainable well-drilling business, whose proceedings will be reinvested in further charity water projects._ **Baan Dek:** _RCRT Partner the Access2Education Project has provided after-school sessions and the Smile Holidays Program to give the kids the support they need to enrol in school and successfully integrate into the formal education system._ **Dr. Q:** _RCRT Partner Dr. Alfredo Quiñones-Hinojosa - the world-famous neurosurgeon from the John Hopkins University School of Medicine - leads a yearly mission trip to Mexico, where, together with his team, he_
**TAR**
March **2012**
5
Section D Achievements and erformance p
_performs critical neurosurgery procedures on children and adults in the province of Guadalajara._
**Grassroots Soccer:**
_RCRT Partner the Grassroot Soccer (“GRS”) which is a charitable organization which uses the power of sport to educate and inspire young people to live healthy and productive lives. GRS trains local role models such as soccer players, teachers and community leaders to deliver an interactive AIDS prevention and life skills curriculum to at-risk youth._ **Swinfen Charitable Trust:**
_RCRT provided funding to build a new clinic, inaugurated in 2013, giving access to healthcare facilities to few small villages in the Khalte region in Nepal, high in the Himalayan mountains, where local people are regularly subject to outbreaks of life-threatening diseases_
**TAR**
March **2012**
6
## **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;
The charities principal sources of funds came from Trustee and corporate donations during the period. These donations supported the funds generated in the current 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.
- 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.
## **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** 18/03/2025
**TAR**
March **2012**
7
||**The RCRT Foundation**
**Charity Name**|**The RCRT Foundation**
**Charity Name**|**The RCRT Foundation**
**Charity Name**|**1157435**
**No (if any)**|**1157435**
**No (if any)**|**1157435**
**No (if any)**|**CC16a**|
|---|---|---|---|---|---|---|---|
||**For the period**
**from**|01/01/2023
Period start date|**To**||31/12/2023
Period end date|||
|||||||||
|**Section A Receipts and payments**||||||||
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**124,695**
**-**
**-**
**124,695**
**-**
**-**
**-**
**124,695**
**16,740**
**27,182**
**10,767**
**-**
**54,689**
**-**
**-**
**-**
**54,689**
**70,006**
**-**
**31,687**
**101,693**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**124,695**
**-**
**-**
**124,695**
**-**
**-**
**-**
**124,695**
**16,740**
**27,182**
**10,767**
**-**
**-**
**-**
**-**
**54,689**
**-**
**-**
**-**
**54,689**
**70,006**||**Last year**
**to the nearest £**|
|Donations|**124,695**||||||**9,915**|
||**-**||||||**-**|
||**-**||||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**124,695**||||||**9,915**|
|||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||
||**-**|||||||
||**-**||||||**-**|
|**_Sub total_**|**-**||||||**-**|
|**_Total receipts_**
**A3 Payments**||||||||
||||||||**9,915**|
|||||||||
|Grants and donationspaid|**16,740**||||||**5,702**|
|Cost of fundraisingevents|**27,182**||||||**3,000**|
|Cost of charitable activities|**10,767**||||||**1,460**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||**-**||||||**-**|
|**_Sub total_ **|**54,689**||||||**10,162**|
|||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||
||**-**|||||||
||**-**|||||||
|**_Sub total_ **|**-**||||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||||
||||||||**10,162**|
|||||||||
||**70,006**|**-**|**-**||**70,006**||**- 247**|
||**-**|**-**|**-**||**-**||**-**|
||**31,687**|**-**|**-**||**31,687**||**31,934**|
||**101,693**|**-**|**-**||**101,693**||**31,687**|
CCXX R1 accounts (SS)
27/06/2025
1
## **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
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
**Details**
Natwest
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**101,693**
**-**
**-**
**-**
**-**
**-**
**101,693**
**-**
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|
|||Lorenzo Guidi|13/03/2025|
|||||
CCXX R2 accounts (SS)
27/06/2025
2
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees**
Charity Name The RCRT Foundation
**On accounts for the year** 31 December 2023 **Charity no** 1157435 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 / 12 / 2023** .
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
**Signed: Date:** 13/03/2025 **Name:** Richard Lane FCA **Relevant professional** ICAEW **qualification(s) or body (if any): Address:**
**Oct 2018**
1
**IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
2
**IER**