Trustees' Annual Report for the Dennis Sharpe Foundation
Introduction
We, the trustees of the Dennis Sharpe Foundation, present our annual report for the year ending 20/08/2023. This report outlines the activities, challenges, and future plans of our foundation. Regrettably, this past year has been dormant due to the unavailability of trustees to carry out their duties. However, we are committed to rebuilding our momentum and continuing our mission in the coming year.
Objectives and Activities
Objectives
The Dennis Sharpe Foundation was established with the primary aim of Through fundraising, resource collection and distribution, education and our youth mentorship program we are committed to empowering children and low-income families across our global community.Our goals include:
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Supporting :Marginalised groups in Ghana West Africa
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Promoting: our aims and ambitions
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Collaborating: with other organisations to heighten the need of impoverished communities in Ghana
Activities
Due to the unavailability of our trustees, we were unable to execute our planned activities and initiatives this year. However, we have used this period to reflect and strategise on how to effectively resume and enhance our operations.
Achievements and Performance
Achievements
Despite the lack of active projects this year, we have maintained our organisational integrity and prepared the groundwork for future activities. Key achievements include:
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Securing our financial stability through awareness and fundraising
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Updating our organisational policies to ensure compliance with current regulations.
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Engaging with stakeholders to understand their needs and expectations.
Challenges
The primary challenge this year was the unavailability of trustees, which hindered our ability to carry out our planned activities. This has highlighted the need for a more robust governance structure to ensure continuity in the future.
Financial Review
Financial Position
The foundation remains financially stable despite the dormant period. Our financial statements for the year ending [insert date] show:
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Total income: 0
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Total expenditure: 0
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Net assets: 0
Future Plans
Rebuilding Momentum
Our priority in the coming year is to rebuild momentum by:
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Recruiting New Trustees : We will actively seek new trustees who are passionate and committed to our mission. This will help diversify our expertise and ensure availability.
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Strategic Planning : We plan to conduct a strategic planning session to outline our goals, activities, and key performance indicators for the next three years.
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Community Engagement : Strengthening our relationships with the community and stakeholders to understand their needs and how we can effectively address them.
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Fundraising Initiatives : Launching new fundraising campaigns to support our initiatives and ensure financial sustainability.
Conclusion
While this year has been challenging, the Dennis Sharpe Foundation is committed to overcoming these obstacles and continuing our mission. We are optimistic about the future and dedicated to making a positive impact in the community. We thank all our supporters, stakeholders, and trustees for their patience and ongoing commitment.
Declaration
This report was approved by the trustees on 30 May 2024 and signed on their behalf by:
Eldridge Cooke Trustee