## **Trustees’ Annual Report for the period** **Period end date** 31 March 2024 ## **Charity name: RND FOUNDATION** ## **Charity registration number:1202789** ## **Objectives and Activities** |||| |---|---|---| |Summary of the purposes
of the charity as set out in
its governing document||The Director of RnD identified
how young people of colour are
underrepresented in the dance
and music industry. The
company works with community
members in London. It has
formed the charity RND
Foundation to provide free dance
and music lessons to those from
disadvantaged backgrounds to
improve access and
representation.| |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.||The**RnD Foundation**engages in a range of
activities designed to support creatives and
underrepresented talent, ensuring public
benefit through accessible programs,
funding, and community-driven initiatives.
The foundation’s**main activities**include:
**1. Talent Development &**
**Mentorship**
•
Providing mentorship programs for
emerging artists, dancers, musicians,
and performers.
•
Offering**workshops, training**
**sessions, and networking**
**opportunities**to bridge gaps
between new talent and industry
professionals.
**2. Grants & Financial Support**
•
Distributing**scholarships and**
**micro-grants**to help individuals
access training, equipment, and
career development resources.| |||•
Supporting**low-income and**
**marginalized creatives**in
overcoming financial barriers to
success.
**3. Industry Access & Career**
**Pathways**
•
Partnering with entertainment and
arts organizations to create
**internships, apprenticeships, and**
**employment opportunities**.
•
Facilitating**collaborations and**
**creative showcases**to elevate
emerging talent.
**4. Community Engagement &**
**Outreach**
•
Organizing**arts-based community**
**projects**to inspire and uplift diverse
audiences.
•
Hosting**educational programs in**
**schools and youth centers**to
encourage artistic expression and
career exploration in the creative
industries.
**5. Mental Health & Well-being**
**Support**
•
Providing**mental health resources**
**and well-being initiatives**tailored
to the challenges faced by artists.
•
Partnering with wellness
professionals to offer**self-care**
**workshops and support networks**
for creatives.
These activities align with the foundation’s
**public benefit obligations**, ensuring that
resources, opportunities, and support reach
those who need them most.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit||The trustees of the**RnD Foundation**
confirm that they have had due regard to the
guidance issued by the**Charity**
**Commission**on public benefit. In planning
and delivering the foundation’s activities,
the trustees ensure that all programs, grants,
and initiatives align with the**public benefit**
**requirements.**| ## **Achievements and Performance** ||||| |---|---|---|---| ||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.||While**RnD Foundation**has not yet fully
activated its programs this year, we have
made significant progress in shaping a clear
vision and strategic direction. As a team, we
have refined our focus on**empowering**
**creatives, championing diversity, and**
**providing tangible industry**
**opportunities**.
• **Laying the Groundwork**– We have
spent time establishing strong relationships,
refining our mission, and aligning with key
partners to ensure long-term impact.
• **Strategic Planning for 2025**– Our
roadmap for the upcoming year is clearer
than ever, with initiatives in talent
development, grants, and community
engagement.
• **Building a Support Network**– We have
strengthened connections with industry
professionals, mentors, and organizations
that will play a crucial role in supporting
ourbeneficiaries.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the
end of the period||At the end of the period,**RnD Foundation**
remains in a foundational phase, with a
focus on strategic planning and future
activation. While we have not yet fully
launched our funding programs or
initiatives this year, our financial position
reflects a**careful and responsible**
**approach**to resource management.
**Key Financial Highlights:**
•
**No Major Expenditures Yet**– As
our programs are set to activate in
2025, financial resources have been
managed conservatively.
•
**Initial Funding & Contributions**–
We have explored potential funding
streams, including grants,
sponsorships, and industry
partnerships, to ensure sustainable
growth.
•
**Operational Readiness**– Financial
planning has been a priority,
ensuring that when we launch, we
do so with stability and impact.| |Statement explaining the
policy for holding reserves
stating why they are held||The**RnD Foundation**has established a
**reserves policy**to ensure financial stability,
support future initiatives, and safeguard
against unforeseen challenges. Given that
we are in the early stages of activation, our
approach to reserves is designed to provide
astrongfoundation forsustainable growth.| |Amount of reserves held||As the foundation has not yet fully
activated,**reserves remain unallocated for**
**direct program costs**but are being
carefully managed for upcoming initiatives.| |Reasons for holding zero
reserves||• **Operational Stability**– To cover
essential administrative and operational
costs, ensuring the foundation remains
functional even in periods of fluctuating
income.
• **Future Program Activation**– To
allocate funds towards the planned launch
of grants, mentorship programs, and
community initiatives in 2025.
• **Risk Management**– To mitigate
financial uncertainties, ensuring we can
fulfill our commitments to beneficiaries and
stakeholders withoutdisruption.| |||• **Strategic Growth**– To invest in
capacity-building, allowing the foundation
to scale its impact effectively as we expand
our reach.| |---|---|---| |||| |Explanation of any
uncertainties about the
charity continuing as a
going concern||The**RnD Foundation**remains committed
to its mission of supporting creatives and
underrepresented talent. While we have not
yet fully activated our programs, the
foundation is in a strong position to move
forward in**2025**with a clear vision and
strategic planninginplace.| ## **Structure, Governance and Management** |Description of charity’s
trusts:||The**RnD Foundation**is a charitable
organization committed to supporting
creatives, performers, and underrepresented
talent through funding, mentorship, and
community initiatives. The charity is
governed by its**trusts**, which define its
charitable purpose, structure, and the
operational principles guiding its activities.
These trusts outline the foundation's
objectives, the roles and responsibilities of
its trustees, and the framework for
delivering its mission.| |---|---|---| |Type of governing
document||The**RnD Foundation**is governed by a
**Constitution**. This governing document
outlines the charity's purpose, structure, the
roles and responsibilities of its trustees, and
the operational guidelines for the
foundation's activities.| |How is the charity
constituted?||The**RnD Foundation**is constituted as a
**Charitable Incorporated Organisation**
**(CIO)**. As a CIO, the foundation benefits
from the legal structure that allows it to
operate as a charity while having the
advantages of limited liability for its
trustees.| |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||Trustees of the**RnD Foundation**are
selected in accordance with the provisions
set out in the foundation's**Constitution**.
The selection process ensures that trustees
are committed to the charity’s mission and
possess the skills and experience needed to
guide the organization effectively.| ## **Reference and Administrative details** |Charity name|RnD Foundation| |---|---| |Registered charity number|1202789| |Charity’s principal address|13 Siyah Garden
LONDON
E34TR| ## **Names of the charity trustees who manage the charity** |1
2
3
4|**Trustee name**|**Role**|**Date of**
**appointment**|| |---|---|---|---|---| ||JERMAIN
JACKMAN|Chair|01 November
2021|| ||ROYSTON
GOODEN|Trustee|01 November
2024|| ||Shaileen
Rameshchandra
Shah|Trustee|01 November
2021|| ||CHRISTIAN
NNOCHIRI|Trustee|01 November
2021|| ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature Full name** Royston Gooden **Position** Trustee **Date** 13/02/2025 **RnD Foundation** 13 Siyah Garden London E3 4TR foundation@rndcreatives.com 07958537810 ## **12 February 2025** **The Charity Commission** 102 Petty France London SW1H 9AJ **Subject: Payment & Receipts for RnD Foundation (Charity No: 1202789) – Financial Year Ending 31 March 2024** Dear Sir/Madam, I am writing on behalf of **RnD Foundation (Charity No: 1202789)** regarding the submission of payment and receipts for the financial year ending **31 March 2024** . We would like to formally confirm that **no payments have been made** , and as such, there are **no receipts to submit** for this reporting period. During this initial year, our focus has been on planning, structuring, and preparing for the full activation of our programs in 2025. While we have not yet engaged in financial transactions, we have made significant progress in defining a clear vision and strategic direction for **RnD Foundation** . This foundational year has been crucial in shaping the charity’s objectives, securing key partnerships, and laying the groundwork for our initiatives. We are committed to ensuring that our programs are effectively implemented in 2025, aligning with our mission to create meaningful impact within our community. Please let us know if any additional information is required at this stage. We appreciate your guidance and look forward to updating the Charity Commission as we advance into the next phase of our operations. Thank you for your time and support. **Yours sincerely,** **Royston Gooden** Trustee RnD Foundation