2024-04-30-accounts - The Serlin Family Foundation

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SERLIN FAMILY FOUNDATION

Trustees’ Annual Report for the period

From 08 February 2023 To 30 April 2024 Charity name: The Serlin Family Foundation Charity registration number: 1201871

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object is to support such charities and exclusively charitable purposes as the trustees in their discretion see fit from time to time.
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 Serlin Family Foundation started just over a year ago and set out its intentions within its website. The main aim was to support grass roots level social projects that generally were too small to become charities in their own right. Apart from word-of-mouth we contacted a number of counsellors within inner London Boroughs to ask that they put us in touch with individuals or groups, in their areas who were doing work of particular public benefit and who would benefit from financial support. Many replies were received and initially the trustees interviewed prospective applicants for financial support by video. Once potential recipients were identified the trustees then visited the place where they were carrying out their projects to confirm that the work they were doing was essentially for the public benefit and was effective and sustainable. Several were identified and have been in receipt of monthly awards over the past year.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that in overseeing the work of the charity, they had due regard to the guidance issued by the Charity Commission on public benefit.

SERLIN FAMILY FOUNDATION

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
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 past year, the foundation has been providing monthly awards of between £500 and £1500 per month to 6 social benefit projects and one small charity. The recipients include: • A group providing art facilities and training to homeless people. • An individual setting up a mentorship project for refugees - they themselves become mentors to help other refugees find their way in the new environment. • An individual operating a youth club for disadvantaged young people in North London on council Estates. • A group offering support, counselling and a forum, for young African women suffering genital mutilation. • Two social workers who set up a small charity needing financial support until they can raise funds to create a total support environment for homeless people wishing to retrain. • A group of individuals who are supplying food obtained from supermarkets surplus and distributing it among the poor in their community.

SERLIN FAMILY FOUNDATION

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
Other

SERLIN FAMILY FOUNDATION

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity received donations amounting to £67,350, which were immediately paid out to the beneficiary organisations. The trustees are grateful to London Buildings (Highgate) Limited for these donations.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The trustees seek to maintain a level of reserves that will enable them to provide continuing financial support for the duration of projects that they have committed to assist. At the end of the reporting period, the level of required reserves was calculated at £39,450. At the year end, the charity had no reserves, but the trustees are keen to invest in fundraising for the charity and to build up the charity’s reserves to the required minimum.
Amount of reserves held	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	Continued support and resources from London Buildings (Highgate) Limited
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	N/A

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any social investment policy Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 Other

SERLIN FAMILY FOUNDATION

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	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	Appointed by existing trustees

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	The charity has a close relationship with London Buildings (Highgate) Limited. The directors of the company are also trustees of the charity.
Other

Reference and Administrative details

Charity name	The Serlin Family Foundation
Other name the charity uses
Registered charity number	1201871
Charity’s principal address	FLAT 1-2 PRIMROSE HILL STUDIOS FITZROY ROAD LONDON NW1 8TR
Independent examiner	Charles Ssempijja, FCA NfP Accountants Ltd 86-90 Paul Street London, EC2A 4NE

SERLIN FAMILY FOUNDATION

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)
	Colin Serlin	Chairman
	Lesley Serlin
	Emma Serlin

– 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

SERLIN FAMILY FOUNDATION

Funds held as custodian trustees on behalf of others

Description of the assets 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
	Colin Serlin	Lesley Serlin
	Chair	Trustee
	24/02/2025
	24/02/2025

SERLIN FAMILY FOUNDATION

Section A Independent Examiner’s Report

Charity Name The Serlin Family Foundation	Charity Name The Serlin Family Foundation	Charity Name The Serlin Family Foundation

08 February 2023 to 30 April 2024	Charity no (if any)	1153689

appended (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended30 / 04 / 2024. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (~~other than that disclosed below )~~in connection with the examination which gives me cause to believe that in, any material respect: • accounting records were not kept in accordance with section 130 of the Act or • the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		26 February 2025

	Charles Ssempijja, NfP Accountants Ltd

	FCA, ICAEW

	86-90 Paul Street
	London, EC2A 4NE

SERLIN FAMILY FOUNDATION

	The Serlin Family Foundation	The Serlin Family Foundation	The Serlin Family Foundation	1201871	CC16a

	Receipts andpayments accounts
	For the period from	08/02/2023	To	30/04/2024


Section A Receipts and payments
	Unrestricted funds	Restricted funds	Endowment funds	Total funds	Last year
	to the nearest £	to the nearest £	to the nearest £	to the nearest £	to the nearest £
A1 Receipts
Donations	67,350	-	-	67,350	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	67,350	-	-	67,350	-

A2 Asset and investment sales, (see table).
	-	-	-	-
	-	-	-	-	-
*Sub total*	-	-	-	-	-

*Total receipts*	67,350	-	-	67,350	-

A3 Payments
Grants and donationspaid	67,350	-	-	67,350	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	67,350	-	-	67,350	-

A4 Asset and investment purchases, (see table)
	-	-	-	-
	-	-	-	-
**Sub total **	-	-	-	-	-

*Total payments*	67,350	-	-	67,350	-

*Net of receipts/(payments)*	-	-	-	-	-
A5 Transfers between funds	-	-	-	-	-
A6 Cash funds lastyear end	-	-	-	-	-
*Cash funds thisyear end*	-	-	-	-	-

SERLIN FAMILY FOUNDATION

	The Serlin Family Foundation	The Serlin Family Foundation	The Serlin Family Foundation	1201871	CC16a

	Receipts andpayments accounts
	For the period from	08/02/2023	To	30/04/2024


Section B Statement of assets and liabilities at the end of the period
Categories	Details		Unrestricted funds	Restricted funds	Endowment funds
			to nearest £	to nearest £	to nearest £
B1 Cash funds			-	-	-
			-	-	-
			-	-	-
	*Total cash funds*		-	-	-
	(agree balances w ith receipts and payments account(s))		OK		OK
			Unrestricted funds	Restricted funds	Endowment funds
	Details		to nearest £	to nearest £	to nearest £
B2 Other monetary assets			-	-	-
			-	-	-
			-	-	-
			-	-	-
			-	-	-
			-	-	-
				Cost (optional)
	Details		Fund to which asset belongs		Current value (optional)
B3 Investment assets				-	-
				-	-
				-	-
				-	-
				-	-

	Details		Fund to which asset belongs	Cost (optional)	Current value (optional)
				Amount due (optional)
	Details		Fund to which liability relates		When due (optional)
B5 Liabilities				-
				-
				-
				-
				-

Signed by one or two trustees on behalf of all the trustees	Signature		Print Name		Date of approval
			Colin Serlin		24/02/2025