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Trustees’ Annual Report for the period
From 01/04/2023 Period start date To 31/03/2024 Period end date
Charity name: SINCERELY FOUNDATION
Charity registration number: 1199992
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The object of the CIO is the prevention or relief of poverty in the Tendrara region of Morocco by providing grants, items and services to individuals in need and/or charities or other organisations working to prevent or relieve poverty. |
| 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 |
The main activity of the foundation in the reporting period was the primary purpose trading in the form of selling prints to support the charity’s mission of supporting emerging storytellers in Morocco. This has been carried out mainly via our website: https://www.sincerely-foundation.org/ and the Sincerely Storyteller Fellowship, which includes a grant to support Moroccan photographers. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | This is confirmed. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | 1. About this policy 1.1 The charitable objects of the Charity are to further such purposes which are exclusively charitable within the laws of England and Wales as may be determined from time to time by the charity trustees. (the Objects). 1.2 The Charity is governed by its charity trustees (the Charity Trustees) who have a duty, acting at all times in the best interests of the Charity, to apply the Charity’s assets to advance the Objects and |
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have ultimate responsibility for all grantmaking decisions. 1.3 The purpose of this policy is to set out the principles and procedures that guide the Charity Trustees when they are making grants to further the Objects. 2. Our funding priorities 2.1 The Charity Trustees are keen to support activities that advance the Objects in an effective way. However, they recognise that a limited amount of funds is available to distribute each year. The Charity Trustees wish [primarily] to support people in need living in Eastern Morocco, in particular in the region of Tendrara. Having identified specific needs, the Charity Trustees’ initial funding priorities are as follows:(a) the provision of food and clothing to the needy and the relief of other humanitarian needs; (b) the advancement of education in practical skills such as agriculture; and (c) specific projects aimed at helping people to become economically independent. 2.2 The Charity Trustees will occasionally award grants that fall outside the priorities stated in this policy, provided that they are satisfied that the grant will further the Objects and is an appropriate use of the Charity's funds. 2.3 The Charity Trustees will review the grant-making priorities and principles set out in this policy on at least an annual basis. 3. What we will fund 3.1 The Charity Trustees generally anticipate making grants of between £[100] and £[10,000]. 3.2 All grants awarded by the Charity must be used to cover costs that are directly connected to carrying out the charitable activities that the Charity Trustees have agreed to fund where this has been specified. 4. How we make decisions about grants 4.1 The Charity Trustees have ultimate responsibility for all grant-making decisions and for ensuring that all funds awarded are used to advance the Objects.
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4.2 The Charity Trustees will primarily make grants to other organisations. These will usually be charities, but grants could be made to other not-for-profit organisations if those organisations are 2 able to satisfy the Charity Trustees (a) that the grant will be used for exclusively charitable purposes and (b) that they have a good and robust governance structure in place. The Charity Trustees are also open to the possibility of making grants to individuals in need, provided that the Charity Trustees are satisfied that this is appropriate in all the circumstances. [Grants to individuals are likely in practice to be much lower than grants to organisations.] 4.3 The Charity Trustees must declare and then consider the nature and extent of any interest, direct or indirect, which could, or could be seen to, prevent them from making a grant decision only in the best interests of the Charity. Situations in which a conflict of interest may arise include where: (a) a Charity Trustee (or a person connected to them) stands to benefit from a grant from the Charity; or (b) a Charity Trustee has a duty of loyalty to a third party that conflicts with their duty to the Charity. Any such conflict of interest must be declared and managed by the Charity Trustees in accordance with the Charity's conflicts of interest policy. 4.4 In all cases where a recommendation is made to them to award a grant, the Charity Trustees may (in their absolute discretion) refuse to approve that recommendation, particularly if they consider that a grant would not be an effective way to further the Objects or would conflict with the Charity's policies or interests. 4.5 The Charity Trustees' decision whether to award a grant is final. 5. Due diligence
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When the Charity Trustees are considering whether to make a grant to a particular organisation they will undertake such checks as are appropriate, having regard to the amount of the proposed grant, the reputation of the proposed organisation, the nature of the charitable work that they wish to fund and such other factors as seem to the Charity Trustees to be relevant to the particular circumstances. This may include, where considered necessary or appropriate, meeting with the trustees of the proposed recipient organisation in order better to understand the workings of the organisation in question. Equally, when considering whether to make a grant to a particular individual the Charity Trustees will undertake such checks as are appropriate in relation to the identity and needs of that individual. 6. Reporting requirements and monitoring The Charity Trustees reserve the right to take steps where considered appropriate to monitor the use of the grant and verify that the grant is used for the purposes that have been agreed where a specific purpose has been specified. The arrangements for monitoring will vary according to the nature of the grant, but the Charity Trustees will always seek to ensure that the arrangements are proportionate. 7. Clawback and repayment The Charity Trustees may require repayment of all or any part of a grant if: (a) the project or purpose for which it was awarded does not proceed; (b) part of the grant remains unused when the activities that the grant was intended to fund have been completed; or (c) the grant is used for a purpose other than that which has been agreed. 3 8. Reviewing and amending this policy 8.1 This policy will be reviewed by the Charity Trustees at least annually. 8.2 The Charity Trustees may vary the terms of this policy from time to time. Para 1.38
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Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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 | During the reporting period, the main activities related to the collection of funds to support emerging storytellers. There have not been any grants awarded during this period since this was commenced after 31stMarch 2024 |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 |
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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 financial period, the foundation had a net cash positive balance of £10,877.59 |
| Statement explaining the policy for holding reserves statingwhy they areheld |
Para 1.22 | Financial reserves will be held in a bank account with the purpose of extending the goals ofthefoundation. |
| Amount of reserves held | Para 1.22 | £10,877.59 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | Not applicable. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable. |
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 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 | Further trustees are appointed unlisted by vote. |
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 | |
| 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 | |
| Other |
Reference and Administrative details
| Charity name | SINCERELY FOUNDATION |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1199992 |
| Charity’s principal address | FLAT 5 93 LINDENG GARDENS LONDON W2 4EX |
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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(if any) |
|---|---|---|---|---|
| Adrian Radzyminski |
n/a | SINCERELY FOUNDATION | ||
| Daire Collins | n/a | SINCERELY FOUNDATION | ||
| Rhys Lewis | n/a | SINCERELY FOUNDATION | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
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Funds held as custodian trustees on behalf of others
Description of the assets Not applicable. held in this capacity Name and objects of the Not applicable. charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable. safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| 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
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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 |
|||
|---|---|---|---|
| Adrian Radzyminski | Daire Collins | Rhys Lewis | |
Trustee |
Trustee | Trustee | |
| 03/03/2025 | 03/03/2025 | 03/03/2025 |
Charity Name No (if any)
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period 4/1/2023 3/31/2024 To from
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Invoice 1 - 24-11-23 200 Invoice 2 - 11-12-23 345 Invoice 3 - 11-12-23 348 Invoice 4 - 11-12-23 348 Invoice 5 - 11-12-23 348 Invoice 6 - 11-12-23 113 Invoice 7 - 11-12-23 345 Invoice 8 - 11-12-23 2,005 Invoice 9 - 11-12-23 348 Invoice 10 - 12-12-23 2,340 Invoice 11 - 12-12-23 343 Invoice 12 - 12-12-23 345 Invoice 13 - 12-12-23 116 Invoice 14 - 14-12-23 664 Invoice 15 - 14-12-23 116 Invoice 16 - 15-12-23 345 Invoice 17 - 15-12-23 116 Invoice 18 - 15-12-23 226 Invoice 19 - 20-12-23 213 Invoice 20 - 15-01-24 671 Invoice 21 - 15-01-24 325 Invoice 22 - 17-01-24 1,009 Invoice 23 - 05-02-24 215 Invoice 24 - 07-02-24 116 Invoice 25 - 09-02-24 438 Invoice 26 - 16-02-24 112 Invoice 27 - 16-02-24 661 Invoice 28 - 21-03-24 448 13,220 - - Sub total - Total receipts 13,220 A3 Payments Carmencita - 29-12-23 1,325 Carmencita - 16-02-24 1,017 - - - - - - - Sub total 2,342 - - Sub total - Total payments 2,342 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Endowment funds |
Total funds to the nearest £ 200 345 348 348 348 113 345 2,005 348 2,340 343 345 116 664 116 345 116 226 213 671 325 1,009 215 116 438 112 661 448 13,220 - - - 13,220 1,325 1,017 - - - - - - - 2,342 - - - 2,342 |
Last year to the nearest £ |
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| - | - | 2,342 | - |
| Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
10,878 | - | - - - - |
10,878 | - | |||
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | |||||
| - | - | - | - | |||||
| 10,878 | - | 10,878 | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 10,878 - - - - - 10,878 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Adrian Radzyminski Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
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| OK | |||
| to nearest £ Endowment funds |
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| When due (optional) |
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| Date of approval |
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| Adrian Radzyminski | 3/3/2025 | ||