Charity registration numtseT.' 1199941 Olivia Sieff Foundation Annual Report and Financial Statements for the Year Ended 31 Do¢emb8r 2024 WESTCOTTS CWAPTIVID ACCOUWT4*tlT & BU¥IN55S AOV1$6H•
Olivia Sloff Foundatlon Contents (continued) Reference and Administraive Detsi Tru8tees' Report 2106 Indendaftt Examlnerfs Report Receipts and Payments Account statement of A83818 and LiabilitleB Nots$ to the Financial Statemen18 10t011
Ollvla Sleff Foundatlon Reference and Administrative Details Chair Cmsieff Trustees Cmsieff D C Fuller W L 8ry8nl V C Wickins Charlty Reglstratlon Number 1199941 Princip•l Offic• Tozer¥ LLP IRgf JJEI Broadwalk House Soulhernhay West Exeter D8von EXI 1UA Indepondont Examlnor Woslcotts ISWI LLP 47 Boutport Street Bamslaple Devon EX31 1SQ Paga 1
Olivia Sieff Foundation Trustees, Report The trustees present the annual report together with the financial statements of the charty for the year ended 31 December 2024. The Olivia Sieff Foundalton was set up as a legacy to our daughter who wa$ Iragieally killed by a drunk driver in a hrt-and-run in Cape Town on 30 January 2022. Shortly before She dd, Olivi8 had recéived an Intematnal modelling contract. Olivia had told her mother that she planned lo use her raised profile and good fortune to champion abused. neglected and vulnerable chiklfen. When She was killed, the oliv Sieff Found81ion was immediately sel up. The Olivia Sieff Foundation will champion the assistance and protection of abused, neglected. abandoned or abducled children. This is a cause th81 was very close to Olivla'g he8rt. The Foundation will continue the charity work she had planned and. In so doing. fulfil her intentions of m8king a drfference lo vulnerable children. We are 8 global ch8rity. registered with the Charty Commission for England and WAk8s {CttarTiy number 11999411. and have 8 secondary registration as 8 NonProfil Company wrth the Companies & Intellectual Propgrty Commission in South Africa IRegislr8tion numb8r 2022831175081. ObJ•CtIv and 4ctlvltl•8 The objectives of the Olivia Sieff Found8lKJn are lo religve Iho needs of, and lo advance in Irf6. children and young people who afe vulnerable or have experign¢ed sexual, omotional, vèrbal or physical abuse andlor neglect, abandonment or abduction. This relief will bo pursued in Such way5 as the charity trustees see frt, in particul8r, bul not exclusively, by the provision of grants, in agreement Wbth Chrigtian principles. Our main source ol income is through donations on our website, In September 2024, we held o $ucce3sful fundraising event in London. We Continue 10 8ncourage regular monlhty donations, in order lo better predict our income goino foMard. Despf(e putling a lot of effort into this through pledge forms at our London evènl and social media campaign6, we do not have many monlhty donors. We continue lo think of new ways lo encourage regular giving. Achlovemgnts and p•rtorniJn¢• The Foundation h88 8gain been the recipient of donations raised through sporting events, 8uch as the 21 for 21 Campaign. This wa$ organi8ed by Courtney Gunter who ran a 21km half marathon and raised money for us. To honour what would hove been OIMa'$ 21st birthday, we launched the 21 Wishes fundraising C8mpaign on our s¢xial media. For 21 days. starting Dn Olivia's birth date 5 December, we revealed a Wish from one of our 4 charth'es. Throughout 2024, we continued lo support our 4 carefully picked charilie8'. 11. Heartlands Baby Sanctuary He8rt18nds. based in Somersel Wesl in the Western Cape of South Africa, is a short-tern residential safe care facility for up lo 25 children. They prowde individual specialised care and support lo children in desperate ne¢d of protection from birth lo 6 year5 old. Children a placed wrth a Val court order from the Children's Court. These are children who have been abandoned. abused, neglected. orph8ned, ill and l or have moderate disabilities. The OIIv13 Sieff Foundation has helped Heartlands by donating R600,000 lo fully fund a new building that houses an indoor play centre and 2 new therapy rooms. Pagg 2
Olivia Sieff Foundation Trustees. Report (continued) We enjoyed watching the progress of the buiklin9 al Heartlands. It was completed 81 the end of 2024 and began ID be used by the children and Staff al Heartlands. The opening of the builjing was scheduled ID take place in February 2025. 21. L8 Cults Safe Haven ltsr Babies La Culla is ba8ed in Wynberg, Cape Town. The charity was established by the Maritz family. Their desire to protect babies, abandoned for whatever reason, led them to establish La Culla. They believe that protection from harm, illne$$, cold ond discomfort is a primary human right for babies. La Culla 18 their safe haven. Since opening in 2020, La Culla has helped over 70 babies and have a maximum of 18 babies al any given lime. During 2024, thfr Olivia Sigff Foundation continued to help Lo Culla by making a monthly donation of R25,000 to cover some ol their operating costs. They honoured our contribution by unveiling a plaque lo thank the Olivia Sieff Foundation ,11 Page 3
Ollvla Sleff Foundatlon Trustees, Report (continued 31. LIV Village Earty Childhood Development Centre LIV Cape Town is an Early Childhood Development centre in the impoverished community of Fisanlekraal in the Western Cape, South Africa. They hope lo break the cycle of inequality in this community and create a brighter future for generations lo come. In 2024, the Olivk8 Sieff Foundation helped LIV Cape Town by contributing R500,000 towards half ol the cost of their new computer literacy centre. The computer lrteracy centre is now fully fvnclional and the children are thoroughly enjoying the addrtion of computsr liler8Cy to their curriculum. 41. Sue Gray, Temporary safere mother Su8 spent yearg abroad as a missionary and worked with both babies and children in various apacities from being a night nurse and doula lo 8 facilitator. Once back in Cape Town, Sue registered with an adoption agency as a temporary Sale carè mother I kanga mother and she received her first baby in November 2019. Since then, Sue has cad for 10 babies. Sue adopted the 1 Oth baby in her care. Levi David Gray. Levi has had multiple medical issues bul Sue. with her strong farth and uncondftional love, is the perfect mum. The Olivia Sieff Foundation has helped Sue Gray by paying for the costs of her legal adoption of baby Levi, who was the 10th baby in her care. Levi lumed 2 in October 2024. AhOUgh he continues to have medical challenges, he is a thriving toddler. Page 4
Olivia Sieff Foundation Trustees. Report (continuod) Fln•nclal revlew During the year, the charlty received donations totalling £32,187. A8 at 318t Decembar 2024, tho charity held cash fund8 of £90,358. Plan• for future porf¢xl• AS tough economic circumslan¢o$ in South Africa reyult In higher unomployYn8nl figuT88. we have been Snundaled with request8 to give grants to charrttes. We plan lo help more charities in tha coming yoar, remaining focu¥8d In South Africa, where the need is great. We will, of course. continuè to 8UPPQrt our ch8rrties wrth whom we have fo81gred strong links. Please also take a look at our wgbsite.'www.olivja$ioff.o_rg Ple8se clbck here lo watch the18test vSdeo update on the Olivla Sieff Found8lk)n'8 work: httpSJhW.yOU1ub8.comIwatCh?¥=NdIascIlT_Q&l=SS We remain humbled by the support that w8 re1ve from our many donors and are grateful lo them for helping us to help others in Ollvla's namo. I would like lo thank my fellow trustees, Vanessa WSd(Ins. Wendy Bryant and Deborah Fuller for another year of helplng to guide the Foundali¢)n's work. Page S
Olivia Sleff Foundation Trustee$. Report (continued) ststernenl of Tru8tees' Responsibilities The trustees are rasponsible for preparing the trustees, report and the financial slalementg in accordance wilh the United Kingdom Accounting Standards (United Kingdom Gener811y Accepted Accounting Practice) and applicable18w and regulations. The law applicable to charities requires the trustees lo prepare finanelal statements for each finan¢io1 year which give a true and fair view of the slate of affairs of the ¢harily and of the incoming resources and applicalK)n of resources of the ¢harily for that period. In preparing these financial statements, the Iru5tees are required lo.. seL•cl suitable accounting policies and then apply them ¢onsislenlly'. Obse the methods and principlès In the Charitses SORP.. make judgements and e8timale5 that are rea8onabl• and prudent., slalo whether applicablè accounting standard8 hovg been followed, Bubject to any matsri81 departure8 disc108ed and explained in the financial 5ts1ement8', and pr&pare thè financial slalemenl8 on the going concem basi8 unless It ts in8ppropriate lo pre8ume that the charity will continue in business. Tho Iruslees ar8 responsible for keeping propgr accounting records that disclose with reasonable accuracy al any lime the financial posilitin gf the charity and enable them lo ensure that the financial slalemenls comply wrth th8 Charities Act 2011, the Charities IAccounls and Reports) Regulation8 2008, and the provisions of the conslilulion. The Iruslees are also responsiblè for safeguarding the a68et8 of the ch8rily and hencè for taking feasonable steps for the prevention and detection of fraud and olh9r irregularities. Thé Iruslees are responsible for the m8inlenanc8 and inlegrlly of the corporate and financial information included on the Charitab company's websf(e. Legislation governing the preparation and dissemination of financial statements may differ Irom legi318tion in olherjurisdictions. The annual r&port was approved by thè Irust•e8 of the charity on behalf by: 2811012025 and signed on rt8 Cmsieff Chair and Trustee Page 6
Olivia Sieff Foundation Independent Examinerfs Report to the trustees of Olivia Sieff Foundatlon I repKsrt to tho trustees on my examination of the accounts of Olivia Sieff Foundation for the year ended 31 December 2024. Respons1bllltl and ba8ls of report As the charity trustees of Olivia Sl¢ff Foundation you are responsible for Ihfj preparation of the accounts in a¢wrdance with the ¥equirements of the Chaiilies Act 20111'lhe Act'l. report in respect of my examination of Ihe Olivia Sieff Foundation 's accounts carried out under section 145 of the 2011 Act and in carrying out my examin8tion I have followed all the applicable Directions given by the Charity Commisslon under section 14515}Ibl of tho Act. Indendent •xamlnor'* •tstsment I have completed my examination. I confim that no matèrial matters have come lo my attention in conngclion with the examination giving me cause lo belkgve that in any material respect.. 1. 8ccountlng records were not kept in respect of Olivia Sieff Found8tion 88 fequired by section 130 of the Act,. or 2. the account$ do not accord with thoso record8.' or I have no concerns 8nd have come acr088 no other matters in ¢onnection with Ihg 8xaminalion lo which attention Should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. lan Huggett B Weslcotts ISWI LLP 47 Boulport Street Bamslaple Devon EX31 1SQ Dale., Page 7
Olivia Sieff Foundation Receipts and Payments Account for the Year Ended 31 December 2024 Unrestrlcted funds Total 2024 Totsl 2023 Note Recelpts: Donations and kggacies Sales Investment income 40,137 448 147 40,137 448 147 166,890 5.780 Total ieceipl8 Payments: Fundraising costs Cost of goods sold Direct costs Bank charges Stripe fee8 Currency rates Travel & sub5151ance Gèneral maintenance Prinling, postage •nd stationery Trade subscriptions Charitabl8 donations Advertising Fundraising hire èxponses Ac¢ountancy fees Legal and professional f8&5 Totsl payrnenls Nel IP8yThenl$llreGeip18 Cash brought forward Cash carned forward 40,732 40,732 172,787 19.6391 11,5661 13,6801 14021 13121 {1,4731 19351 19,6391 11.5681 13,6801 14021 13121 11,4731 19351 (6,2861 18,7691 17631 13331 13.9991 13.5291 1731 12821 {17.4141 19051 18641 12171 300 1105) 1471) 157,982} 1522) 11051 14711 {57,9821 15221 12.0401 13001 12,0401 300 79,427 79,427 43,734 138,6951 129,053 138,6951 129,053 90,358 129.053 90.358 129.053 All of the charity's activities d¢rive from continuing op6r811ons dunng the above period$. The notes on pages 10 to 11 form an integral part of these financial ststemenls. Page 8
Olivia Sieff Foundation (Reglstration number: 1199941) Statement of A8s•ts and Llabilities as at [31 December 2024 2D24 2023 Not• Current assets Cash at bank and in hand 90,358 129,053 Unrgitri¢tod Income fund• Unre$ld¢t•d fund8 90,358 129,053 Th• flnancwl 8lalement8 on paggs 8 to 11 were approved by the Iru$lees. and authorised fof Issue on 2811012025 and signad on their bghalf by. Cmsieff Chair and Trustee The notes on page8 10 10 11 fom an integral part of the8e financial $lalements. Page 9
Olivia Sieff Foundatlon Notss to the Financial Ststements for the Year Ended 31 December 2024 1 Accountlng polieie Ba81$ of preparation OINia Sieff Foundation meets the definition of 8 publi¢ bonefit entty under FRS 102. The accounts Ifinan¢ial slalemenlsl have been prepared on the receipts and p8yments ba818. Golng ¢oncern The Iru51ees consider that there ar8 no malarial uncertaintl8s about the charitys ability to continue as a going concern. Incom• and èndovmionts All incoming resourees are in¢lud8d in the slalement of financbal activrt*s when the charty receives the income. The followng specific polici88 are applied lo partul0 ca18gories ot income.. Donations are received by way of gr&nls, donation8 and gifts and is included in fvll In the Slatement ol Financial Activities when rèceived. Th6 valuo of Services prowded by volunteers has not btrgn included. Expendlturn Expenditurè 18 recognised on a payments basi$. Expenditure includes any VAT whlch cannot bè lully recovered, and is report8d 88 part of the 8xpendilure lo which it relates. Fund structure Unrestricted income fund8 are general funds that ore ovailabb for use al the tru8tee8 discretion in Jrtherance of the objectives of the charity. 2 Income from donatlon8 and leg8cI Unre$trlct8d fund8 Total 2024 Donations Fundraising income 32,187 7,950 32,187 7,950 Unr9Strlctgd funds Total 2023 Donations Fundraising income 160,528 6,362 160,528 6,362 166,890 166,890 Page 10
Olivia Sieff Foundatlon Note8 to the Financial Statemonts for the Year Ended 31 Decembar 2024 Icontinu•d 3 Incomo from other tradlng actlvlties Unrestrlcted funds Total 2024 Sale$ 448 448 448 448 Unr•strfcted funds Total 2023 S8le8 5,780 5,780 5,780 4 Inv•stmont Income Unr••trlctod fund• Total 2024 Totsl 2023 Bank inl8resl recelvabLg 147 147 117 5 Staff Cts No 8a18ri88 or wage8 have been patrj to employee6. Including the trustee8, during the year, 6 Fund• 8alanc• at 1 January 2024 lance al 31 December 2024 Incomlng r••ources R•sources •xpend8d Unrostrl¢ted funds Unre$lricled Funds 129,053 40,732 79.427 90,358 Unr08tricted fvnd$ are used to further tha oty'ects of thg ¢harity, but are subject to no re8lri¢llons on their use wlthin those objects. Balancw •t 31 Decembgr 2023 Incomlng ro$oue• R6s0urco3 gxponded Unr•stricted funds Unrestricted Funds 172,787 43,734 129,053 Page 11