DR. RACHELLE BASCARA FOUNDATION TRUSTEES’ ANNUAL REPORT
The Trustees of the Dr. Rachelle Bascara Foundation present their annual report for the financial period from 1 July 2024 to 30 June 2025 and confirm they comply with the guidelines set forth by the Charity Commission along with other applicable laws and regulations.
April 2026
DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
Table of Contents
| I. | Legal and Administrative Information ............................................................................................................. 2 |
|---|---|
| A. | Overview .......................................................................................................................................................... 2 |
| B. | Charitable Objects ........................................................................................................................................... 2 |
| C. | Public Benefit ................................................................................................................................................... 2 |
| D. | Vision ............................................................................................................................................................... 3 |
| II. | Report of the Management Committee .......................................................................................................... 4 |
| A. | Research Activities ........................................................................................................................................... 4 |
| B. | Supporting Initiatives ....................................................................................................................................... 4 |
| C. | Other Academic Efforts ................................................................................................................................... 4 |
| III. | Finances ........................................................................................................................................................... 5 |
| A. | Overview .......................................................................................................................................................... 5 |
| B. | Statement of Financial Activities ..................................................................................................................... 6 |
| C. | Balance Sheet .................................................................................................................................................. 8 |
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
I. Legal and Administrative Information
- A. Overview
Charity Name: Dr. Rachelle Bascara Foundation Other Name: Dr. Bascara Foundation (Working name) Charity Registration Number: 1194958 Date of Registration: 21 June 2021 Governing Document: CIO – Foundation Constitution Registered Office: Frogmore House, 6 Ormond Place Cheltenham GL50 1JD United Kingdom Phone: 02045772754 Email: DaraBascaraFoundation@gmail.com Trustees: Dr. Konstantin Rozanov, Chair Alistair Campbell Magee Other trusteeship: Encounter Trust Winchcombe Ryssa Magee Other trusteeship: Dara Bascara Trust Dr. Ekaterina Rozanova
- B. Charitable Objects
The Dr. Rachelle Bascara Foundation (the “Charity”) is established for exclusively charitable purposes for the public benefit, worldwide, including in particular (but not limited to):
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(a) the advancement, promotion, and support of social sciences and philosophy, global development, equality, and humanities recognised as charitable under the law of England and Wales, particularly but not exclusively by:
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(i) undertaking and/or facilitating relevant research and disseminating the useful results of that research for the public benefit and
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(ii) providing grants, fellowships, and other financial assistance to qualified individuals and organizations;
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(b) such other related charitable purposes for the public benefit as the trustees may from time to time determine.
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C. Public Benefit
The Charity aims to promote, sustain, and increase individual and collective knowledge of the social sciences and philosophy, global development, equality, and humanities. It is our belief that knowledge in these areas in itself provides a public benefit by satisfying the human need to understand the world and ourselves. Through guidance and expertise as well as grants and other forms of funding, we provide a platform to pursue these goals, including by enabling suppressed voices and marginalized perspectives to be heard.
The Charity recognizes that quality research depends on, among other factors, robust and adequate funding. We invite qualified individuals and organizations to collaborate with us on topics that result
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
in work that is not only academically rigorous but also provides practical applications. We are further mindful that our research output is cognizant of changing social dynamics and societal concerns.
At present, the Charity is continuing discussions to provide a deep understanding of what oppression is that bridges the gap between political philosophy and contemporary social movements.
D. Vision
Our vision is to become stewards of knowledge mobilization and to foster intellectual inclusivity, enhance a sense of public enlightenment, as well as provide practical guidance on moral and philosophical issues in society.
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
II. Report of the Management Committee
- A. Research Activities
The Charity is actively engaging in work to provide a deeper understanding of issues related to political and moral philosophy. One of the projects of the Charity involves a clear conceptual backing of oppression to contemporary emancipatory movements, cutting through the rhetoric and exposing the underlying reality of the oppressed.
- B. Supporting Initiatives
The Charity continues work on the creation of a biographical literature on the life and work of Dr. Bascara aimed at encouraging the younger generations to develop an interest in socially significant topics such as social sciences and philosophy, global development, equality, and humanities.
The project is currently in progress.
- C. Other Academic Efforts
In 2025, the trustees of the Charity continued efforts to identify academic institutions in Europe for potential collaboration and identifying emerging scholars whose research interests reflect the values and contributions of Dr. Bascara and the Charitable Objects of the Charity.
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
III. Finances
A. Overview
First Financial Year
The Charity received financing through donations. During its first financial year, three donations were received totaling GBP 20,000.00. The donations were sourced from Dr. Konstantin Rozanov as well as ACED Global Solutions Ltd in accordance with the Charity’s rules and procedures for accepting donations.
The Charity used its capital to conduct academic research, fund supporting projects, and acquire and protect intellectual property.
Second Financial Year
The net result of the Charity’s operations for the second financial year ending 30 June 2023 is a deficit of GBP 4,959.88.
Third Financial Year
For the fiscal year ending 30 June 2024, the Charity received donations totaling GBP 9,000.00 from Dr. Konstantin Rozanov as well as ACED Global Solutions Ltd in accordance with the Charity’s rules and procedures for accepting donations. The net result of the Charity’s operations for the third financial year ending 30 June 2024 is a surplus of GBP 8,899.72.
Fourth Financial Year
For the fiscal year ending 30 June 2025, the Charity received a donation totaling GBP 1,000.00 from ACED Global Solutions Ltd in accordance with the Charity’s rules and procedures for accepting donations. The net result of the Charity’s operations for the third financial year ending 30 June 2024 is a surplus of GBP 664.47.
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
B. Statement of Financial Activities
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Prior period Total funds |
Further details |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Income and endowments from: |
||||||
| Donations and legacies | 1,000.00 | 1,000.00 | 9,000.00 | A1 | ||
| Charitable activities | A2 | |||||
| Other trading activities | A3 | |||||
| Investments | A4 | |||||
| Other | A5 | |||||
| Total | 1,000.00 | 1,000.00 | 9,000.00 | |||
| Expenditure on: | ||||||
| Raising funds | B1 | |||||
| Charitable activities | 0.00 | 0.00 | 0.00 | B2 | ||
| Other | (335.53) | (335.53) | 100.28 | B3 | ||
| Total | (335.53) | (335.53) | (100.28) | |||
| Net gains/(losses) on investments |
B4 | |||||
| Net income/(expenditure) | 664.47 | 664.47 | 8,899.72 | |||
| Transfers between funds | C | |||||
| Other recognized gains/(losses): |
||||||
| Gains/(losses) on revaluation of fixed assets |
D1 | |||||
| Actuarial gains/(losses) on defined benefit pension schemes |
D2 | |||||
| Other gains/(losses) | D3 | |||||
| Net movement in funds | 664.47 | 664.47 | 8,899.72 | |||
| Reconciliation of funds: | E | |||||
| Total funds brought forward | 13,974.40 | 13,974.40 | 5,074.68 | |||
| Total funds carried forward | 14,638.87 | 14,638.87 | 13,974.40 |
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
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A1 Income from donations and legacies;
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A2 Income from charitable activities;
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A3 Income from other trading activities;
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A4 Investment income
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A5 Other income; Analysis of income in the notes to the accounts;
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B1 Expenditure on raising funds;
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B2 Expenditure on charitable activities;
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B3 Other expenditure;
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Analysis of expenditure in the notes to the accounts;
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B4 Gains/(losses) on investments;
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C Transfers between funds;
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D1 Gains/(losses) on revaluations of fixed assets;
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D2 Actuarial gains/(losses) on defined benefit pension schemes;
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D3 Other gains/(losses); and
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E Reconciliation of funds.
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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DR. RACHELLE BASCARA FOUNDATION Trustees’ Annual Report
C. Balance Sheet
| Note ref. |
Total funds | Prior year funds |
Further details | |
|---|---|---|---|---|
| £ | £ | |||
| Fixed assets: | A | |||
| Intangible assets | 1,700.00 | 1,700.00 | A1 | |
| Tangible assets | A2 | |||
| Heritage assets | A3 | |||
| Investments | A4 | |||
| Total fixed assets | 1,700.00 | 1,700.00 | ||
| Current assets: | B | |||
| Stocks | B1 | |||
| Debtors | B2 | |||
| Investments | B3 | |||
| Cash at bank and in hand | 14,638.87 | 13,974.40 | B4 | |
| Total current assets | 14,638.87 | 13,974.40 | ||
| Liabilities: | C | |||
| Creditors: Amounts falling due within one year | C1 | |||
| Net current assets or liabilities | 14,638.87 | 13,974.40 | ||
| Total assets less current liabilities | 16,338.87 | 15,674.40 | ||
| Creditors: Amounts falling due more than one year |
C2 | |||
| Provisions for liabilities | C3 | |||
| Net asset or liabilities excluding pension asset or liability |
||||
| Defined benefit pension scheme asset or liability |
C4 | |||
| Total net assets or liabilities | 16,338.87 | 15,674.40 | ||
| The funds of the charity: | D | |||
| Endowment funds | D1 | |||
| Restricted income funds | D2 | |||
| Unrestricted funds | 14,638.87 | 13,974.40 | D3 | |
| Revaluation reserve | D4 | |||
| Pension reserve | D5 | |||
| Total unrestricted funds | 14,638.87 | 13,974.40 | ||
| Total charity funds | 14,638.87 | 13,974.40 |
[© 2026 Dr. Rachelle Bascara Foundation. All rights reserved. ]
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