DocuSign Envelope ID: B742A051-D62C-4E88-9740-15ABF77C27BB ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name The Sandals Foundation **members of On accounts for the year** 31 DECEMBER 2023 **Charity no** 1158252 **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. - _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|**Date:**|01/07/2024| |---|---|---| |||| ||M S Caldicott ACA FCCA CTA|| |||| ||ICAEW Chartered Accountant|| **Oct 2018** 1 **IER** DocuSign Envelope ID: B742A051-D62C-4E88-9740-15ABF77C27BB **Address:** C/O White Hart Associates (London) Limited 2[nd] Floor, Nucleus House, 2 Lower Mortlake Road Richmond, TW9 2JA ## **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** IARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 0110112023 Period start date To 3111212023 Period end date Charity name: The Sandals Foundation Charity regi8tration number: 1158252 Objectives and Activities 50RP Surnmary of the purposes of the charity as set out in its goveming document Para 1.17 The Sandals Foundation works to develop and support in1eNentior￿ in education that contribute to respective i51and's national development agenda indusive of the provision of qualily access to students, improvirKJ outcomes from the early childhood to tertiary levels as well as meeting targets for literacy. The foundation considers support to students and teachers who are faced with socio*conomiG challenge5 bul who have demonstrated resilience in academic pursuits. The followrng are considered 1. Scholarslwp grant5 for students 2. Scholarship grants for teacher5 3. Structuralltechnologic improvements to infrastructures 4. Training initiatives The Sandals Foundation believes in the health of local communities such that it can support personal growth and development of its members. Prograrns focus on the capacty building of youth through entrep￿neUrial enterprise as well as, gender sensitNe support for vulnerable group5 including women. We lend our support to initiatives that are already incubated and esent with the supportiThJ infrastructure for school 1. Projects and supporting human development 2. Projects that add value to existing resources The Sandals Fi)undation aims to improve environmental praGtises in schools and communities to improve livelihoods and ensure sustainable devel ment ograms resou 1. Projects arKI programs that have stroro youth component in protection and preservatbon of the environrnent. 2. Projects and programs that iarget outcomes in awareness and practice for marine and terrestrial preservation Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities. projects or service5 identrfied in the accounts. Para 1.17 and 1.19 Scholarshlps (Grenada & SL Lucla) Mr Alec Ma&4ndrew, UK Donor provided funding for two students in 2019 and four st￿lentS in 2020 to 2021 to pursue tertiary Education. Partnerships We￿ fomed with St. George's Universty in Grenada and the Sir Arth¢x Lewis Community College in St. Lucia. Criteria for beneficiaries were developed in partnership with the re5peciive educational institutions and the 5cholar5hip5 advertised students in need to apply. Applications were r￿1Ved and vetted. Iwo students attending St. George's Universty in Grenada who started in the scholarship in 2019 were both pursuir course of study in the Master of Educati¢)n Program and have completed the program. Two additional studerbts started bachelorfs programs at St George's University in 2021 majorir@ in Marine Wildlrfe Conservation and Veterinary St￿11e$. The two students attending Sir Arthur Lewis Communty College in St. Lucia who started in the scholarship in September 2020 a both pursuing a course of study in the Ba(*elor of scienc￿ program in Education. Sandals Foundation pays the Colleges directly for these student's tubtion and is responsible for tracking the students, progress throughout their scholarship period. This is done through students submitting term reports and ongoing communication with both the insttlutions and the students themselves. Slr Lester Blrd Modlcal Centre {Antlgua The Paediatric Unit at Mounl St. John's Medical Centre in Antigua is the C￿lY acuie care facility on th8 island thal offers 24-hour emergency care. giving babies in need of cribGal care or those born prematurely a better fighting chance. With over 3CM)O admissions sIr￿e 2015. the Sandals Foundation's donation of vo ComprehensNe Infant Care Centres and other medical ui ent has aid8d the success of the neonatal departmenvs service. The woceeds from the Sandals FoundatTron Island Run Antigua 2023 fundraiser were used to purthase addilional iJitical medical equipment, giving new-bom5 a better chance of suNival. The equipment donated were a Drager Jaundice Meter to be utilised in screening to optimize the efficiency of the jaundice management programme and an Analyzer i- Stat which is a handheld blood analyzer that delivers lab quality, diagnostic results in minutes. Also donated were an Infant Transport Incubator, Infant Ele¢tro¢ardiogram, an Infant Hearing Screener and an Infantometer, used to measure and monitor the length of an infant SlckKlds Carfbbean Inltiative (Jamalca. St Vlncent Barbados. Bahamas, Trlnldad, St Lucla} The Sandals Foundation continued its Work %Mth Sick Kids Caribbean to improve the INes of children diagnos&d with paediairic cancer ar#J blood disorders. This collaboration has been critTrcal in establishing the Eastern Caribbean's only oncology unit. as well as the development of seven telemedicine facilities in six countries, the training of five Caribbean paediatricians and forty-one nurses in haematology and oncology. and the provision of fellowship for the Eastem Caribbean's second Paediatric Oncologist, as well as ongoing screening arKI data collection of children with sickle ￿11 disease and cancer. The continued funding which goes to the prograrnme's eTrJovmient fund, will ensure the continued sustainability of the initiative, providing more fellowships, training and consultation and the development of a data base for case managemenL Nassau Rowing Club (Nassau. Bahamas) The Sandals Foundation funded the purchase of an additional boat. the first 8 seat rowEr for the club. The Nassau Rowing Club is the largest club in the Bahamas, established in 2012 to develo remier com etitive rowi program for rower5 of all experienGe, age and fitnes5 levels in the Bahamas. The Opportunities & Access Rowing Squad {OARS) was established in 2016 as specific outreach program targeted at underprivileged Bahamian public high school students. This was later expanded to include urKlerTxivileged students who fom)erfy aliended public high schools and were granted fvll academic scholarships to privale high schools but received no a5SIstan￿ to participate in extracurricular activittes. The misston of OARS is to expand access to and awareness of rowing for these students, arKJ to help them be recruited to attend university on athletic scholarships, leveraging sport as an avenue for empowennent through educatM?n. The &person boat will double the programme's capacty lo get students on the water. scaling its impact. It will help the students gain rowing competency more quickly and help them begin the recruitment process with collegiate coaches in the network. Staternent confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on puLqic benefit Para 1.18 The Foundation has adopted standards and regulations that govern the implementation of its activ￿e8 and programmes. In addition, in all jurisdictions where it operates. the FourKlation complies with applicable local laws and guidelines. The SarKJals Foundation is set up solely to serve marginalized groups and individuals from Caribbean cornmunities in order to promote healthy lives aThl provide educational opportunities. Ilfjthin these marginalized groups there are no restrictions as to who may benefit from the Foundation's aims aThJ activtties and all applications are considered and examined with¢xrt bias or discrimination. The Trustees of the Foundation are not aware of any detrirnent or harni thaL in tr￿1r view. M￿h1 arise from carrying out the Foundation's aims. The trustees are also nol aware of any widespread views among others that any detriment or hami might arise. The Foundation's aims intend lo benefit the public. Addltlonal Infomiatlon {optlonal) You ma hoose to indude further statements where relevant aboui: SORP reference Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 P￿a 1.2 Contribution made by volunteers Other Achievements and Perfonnance Providing much needed medical equipment for paediatriG patients improving their long - tem health ouicomes and rnedi¢al t￿atrnenL Summary of the main achievemenls of the charity, identifying the difference the charity's work ha5 made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Paa120 Continued funding for the Sick Kids Initiative endowment fund will ¢ontinue to improve OLrtcomes for children with paediatric cancer and major blood disorder5 in seven Caribbean i51ands through training of medical stsff. building of a data base and consulting on widNidual cases through telemedicine rooms Scholarship students with their efforts now have guaranteed furyjing to pursue their degrees which will provide opportunities for potential jobs and career advancemenL Young persons involved in the rowing club programme see irnproved access to tertiary level educat￿￿ and an im roved lo -term econornic future with better a¢￿sS to employment. Addttional Inforniation (optional) You ma hoose to indude further statements wt)ere relevant about AGhievements against objectives set P*a141 Perfonnanc£ of fundraising aclivities against objectives set Para 141 Investment perfomiance against objeclives Pwa 1.41 Other Financial Review Review of the charity's financial position at the end of the period Paa 1.21 Sandals Foundation has transferred all funds and donations raised in the UK toward5 the dediGated proieGt5 as explained in the Summary of purpose and activities. Any funds held al year end are kept for pure administratNe ex nses as a float. Statement explaining the policy for holding reserves staling vthy they are held Parn122 The trustees have examined the charity's requirernenls for reserves and have concluded there is no need to hold more than the currenl £5,968 which is mostly the initial injection of cash to open a bank a¢¢ount in the UK. £5,968 Amount of reserves held Reasons for holding zero reserves Pa￿122 Pawa 1 22 Details of fuThJ materially in deficit Explanation of any uncertainties about the charity continuing as a going concem PofJ 1.24 Parn 1.23 Addltlonal Infomiatlon loptional} You ma choose to indude further statements where relevant about: The charity's principal sources of furKls (induding any fundraising) Para 147 Inveslment poficy and objeclives induding any social investment policy adopted Para 1.46 A description of the principal risks facing the Charity Parn 1.46 Other Structure, Governance and Management Description of Gharity'5 trusts.. Type of goveming document {trust deed, roial Gharte.'I P¥•125 Articles of Associalion of the Sandals Foundation Memorandum of Association of the Sandals Foundation Company Lim'rted by Guarantee How is the charty constituted? le.g unincorporated association CIOI Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entiued to appoint one or more trustees P3rn125 Pawa 125 Re¢witment of trustees is based on background qualffications & proven commitment to serve Sandals Foundation's charitable purposes Additional information (optional) You ma choose to include further statements where relevant about Policies and procedures adopted for the induction and training of trustees Para f S1 The charity's organisational structure and any vader network with which the charity works P¥a 1.51 Relationship wilh any related Pwa 1.51 parties Other Reference and Administrative details Chari name Other name the cha uses istered chari number Charity's principal address The Sandals Foundation 1158252 135 Fulham Road London SW3 6RT Names of the charfty trustets who manage the charity DateB act•d11 not forwhol• name Office (il ¥ny} Nam• of person (of body) •ntltl•d obnt trustee ifan Dmitri Dominic Singh Keith Collister Karl Thompson Adarn Mark Slewart Jaime Miranda stewart-mcconnell Trustee Trustee Trustse Chair Trustee Mischa Mills Trustee 10 11 12 13 14 15 16 17 18 19 20 orate trustee5- names of the directors at the date the r8 Dlr•ctor nam• rtwasa roved Narne of trustees hokling tiue lo property belongirvJ to the charity Truste• nam• Dates a¢tsd If not forwholv ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and howthis falls within the Custodian charity's object5 Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional infomiation (optional) Names and addresses of advisers (Optional infomiation) Type ol Name Addrèss advlser Name of chief executive or names of senior staff members (Optional infomiation) , Heidi Clarke- Executive Director Exemptions from disclosure Reason for non-disdosure of ke rsonnel details Other o tional inforniation Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary. Chalr. etcl Karl Thompson Trustee Date 1211212024 DocuSign Envelope ID: B742A051-D62C-4E88-9740-15ABF77C27BB **----- Start of picture text -----**
The Sandals Foundation Charity No 1158252
Company No 6765379
Annual accounts for the period
Period end
Period start date To
01/01/2023 date 31/12/2023
**----- End of picture text -----**
## **Section A Statement of financial activities (including summary income and expenditure account)** |Guidance Note
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material expense item
S10
Other
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
Gains and losses on revaluation of fixed assets for the
charity’s own use
**_Net movement in funds_**
**Other recognised gains/(losses):**
**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
**Net income/(expenditure) before tax for**
**the reporting period**
Other
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Total funds brought forward|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
-
-
-
91,859
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**Prior year funds**
**£**
**£**
F04
F05| |---|---|---| |||-
-
116,858.97
17,500
-
-
-
-
-
-
-
-| ||91,859
25,000
-|116,858.97
17,500| ||-
-
-
90,675
25,000
-
-
-
547
-
-|| |||-
-
115,675.39
18,456
-
-
547.10
100| ||91,222
25,000
-|116,222.49
18,556| |||| ||636
-
-|636.48
1,056
-| ||-
-
-|-
-| ||636
-
-|636.48
1,056
-| ||-
-
-|-
-| ||636
-
-|636.48
1,056
-| ||-
-
-
-
-
-
-
-
-
-
-
-|-
-
-| |||-
-
-
-| ||636
-
-|636.48
1,056
-| ||5,332
-
-|5,332
6,388| ||5,968
-
-|5,968
5,332| DocuSign Envelope ID: B742A051-D62C-4E88-9740-15ABF77C27BB Charity No 1158252 Company No 6765379 The Sandals Foundation |e
**Section B Balance**|**sheet**|||| |---|---|---|---|---| |Guidance Not
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
- -
- -
- -
- -|**Total last**
**year**
**£**
F05| |||||-
-
-
-| ||-|-|- -|-| ||-
-
-
5,968|-
-
-
-|- -
- -
- -
- 5,968|| |||||-
-
-
5,332| ||5,968|-|- 5,968|5,332| |||||-| ||-|-|- -|| |||||| ||5,968|-|- 5,968|5,332| |||||| ||5,968|-|**-**5,968|5,332| |||||-
-| ||-
-|-
-|- -
- -|| |||||| ||5,968|-|- 5,968|5,332| ||-
5,968|-|-
-
- 5,968
-|-
-
5,332| ||5,968|-|- 5,968|5,332| _**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_ _**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_ _**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_ _**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_ |Signature of director authenticating accounts being sent to
Companies House
Signed by one or two trustees/directors on behalf of all the
trustees/directors|Date of
approval
dd/mm/yyyy
01/07/2024
Date
dd/mm/yyyy
01/07/2024
**Print name**
Karl Thompson
Signature
Print Name
Karl Thompson| |---|---| CC17a (Excel) 01/07/2024 2