Trustees’ Annual Report for the period
From 01/04/2023 To 31/03/24
Charity name: The Raymond Nicolet Trust
Charity registration number: 1185870
Objectives and Activities
| SORP reference | |||
|---|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Object 1:for the public benefit, to advance the education of children in selected establishments in Serbia, by providing financial support and other assistance at the discretion of the trustees and which is supplementary to local government funding. Object 2:for the public benefit, to relieve the needs of disabled children in selected specialized schooling and care establishments in Serbia by providing specialized teachers training and counselling and any other support as the trustee see fit to give. |
|
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Our primary aim was to provide financial support for the period to 31/03/24 towards the purchase of school equipment and improvement of buildings of the following schools: The Children and Youth Centre Miroslav Mika-Antić in Sombor, The Vuk Karadzić_Centre in Sombor, The _Jovan Jovanović Zmaj School in Pancevo, The_Jovan Arandjelović_ school in Crvena Reka and The_Sveti Sava_ school, Bajina Basta, Serbia. |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes, all three trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38
| Policy on grant making | ||
|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | All people working for the Trust are volunteers and except for some minor and essential running costs (website/advertisement), recovery of some minor local travel expenses, all our income goes to support our causes. The Trust is determined to keep administrative costs to the barest minimum. All legal and financial services are covered by volunteer team members. |
| Other |
Achievements and Performance
| SORP reference | |||
|---|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | We have raised so far: -£2,500 to the Jovan Arandjelović primary school in Crvena Reka for a smart board. -£3,750 to the Sveti Sava primary school in Bajina Basta for two smart boards. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | In the year ending March 2024, we planned to assist two schools and we have raised the money to do this in the period. |
|---|---|---|
| See above. |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the period the charity’s account is in credit by £8,764.19. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trust has so far contracted no obligations and is spending only funds that have been received in cash. The trust is young and so far, has been operating on the basis of minimum cash balances. Reserves will be built to manage potential future liabilities and costs when appropriate. |
| Amount of reserves held | Para 1.22 | Nil |
| Reasons for holding zero reserves |
Para 1.22 | The Trust has no obligation to perform and only gives to beneficiaries when the cashflow allows expenditure of the agreed donation. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity's main source of income is: -Crowdfunding for particular goals. -Donations by individuals that support our cause. -Cake sales organised by team members. -Annual gala dinner ticket sale excess after costs. - fundraising dinners and events with the Serbian community abroad - Piano concerts. -Sponsored races run by team members. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees in place are the first trustees, new ones are appointed by trustee vote. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | -Child and Safeguarding Policy. -Financial Management, Control Policy and Procedure. -Trustee Code of Conduct. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charity name | The Raymond Nicolet Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1185870 |
| Charity’s principal address | 43 The Row Sutton CB6 2PD |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Christine Hilcenko | Wholeperiod | |||
| Florence Bachelard | Wholeperiod | |||
| AnthonyTaylor | Wholeperiod | |||
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Dr Christine Hilcenko | ||
Chair |
||
| 29/01/2024 | ||
| 29/01/2024 |
C L¢