## **Sierra Leone Cycling Foundation**
Annual Accounts for the period 1[st] Jan 2024 to 31[st] Dec 2024
Charity Commission Registration Number 1207984 registered on 23[rd] April 2024 financial activity commenced 8[th] July 2024
20 Stanley Avenue, Beckenham, Kent BR3 6PX hello@sierraleonecyclingfoundation.org
Trustees
Deena Blacking
Mohammad Sesay
Emma Shkurka
Approved by the Trustees on 20[th] April 2025
Doc ID: 3b5636d61c3cc0547f3e6c75a4408e06f9473a48
## **Sierra Leone Cycling Foundation Charity Commission for England and Wales, No. 1207984 Balance Sheet - Detail**
## **As at December 31, 2024**
_Current Assets_
|Cash At Bank And In Hand||
|---|---|
|Crowdfunder|104|
|SLCF Current Account|2,505|
|_Creditors_||
|Trading Creditors|-8|
|**Net Assets**|**2,601**|
|_Funds & Reserves_||
|Unrestricted Designated Funds||
|Lunsar Cycle Team|-175|
|Rider Development|-65|
|Unrestricted General Funds|2,841|
|**Funds Provided**|**2,601**|
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## **Sierra Leone Cycling Foundation Statement of Financial Activities (Income & Expense) January 1, 2024 to December 31, 2024**
||**Unrestricted**|**Restricted**|**Endowment**|**Total**||
|---|---|---|---|---|---|
|_Income_||||||
|Income and Endowments||||||
|Income from Donations and Legacies||||||
|Donations|7,506|||7,506||
|Gift Aid Claimed|795|||795||
|**Total Income**|**8,301**|**0**|**0**|**8,301**||
|_Expenses_||||||
|Expenditure||||||
|Charitable Activities||||||
|Charity Management & Administration|134|||134||
|Grants|5,566|||5,566||
|**Total Expenses**|**5,700**|**0**|**0**|**5,700**||
|**Net Resource Movement**|**2,601**|**0**|**0**|**2,601**||
|**Net Movement in Funds**|**2,601**|**0**|**0**|**2,601**||
|**Total Funds Brought Forward**|**0**|**0**|**0**|**0**||
|**Total Funds Carried Forward**|**2,601**|**0**|**0**|**2,601**||
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## **Trustees’ Annual Report for the period**
**From 1[st] Jan 2024 Period start date To 31[st] Dec 2024 Period end date**
**Charity name: Sierra Leone Cycling Foundation Charity registration number: 1207984**
## **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 advancement of
amateur cycling in Sierra Leone for the
public benefit, in particular but not
exclusively among women and young
people, through community engagement
and inclusive sporting activities in local
communities.|
|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|Support is given in the form of grants for
Rider Development, Race Hosting, and
Equipment
Projects have included supporting the SL
Women’s National team to race in the Tour
du Burundi, and support for a Zwift Training
Centre|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Yes, all three Trustees have regarded the
guidance by the Charity Commission on
public benefit. In planning our activities for
the year, we continued to keep in mind the
Charity Commission’s guidance on public
benefit.|
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference
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|---|---|---|
|Policy on grant making|Para 1.38|Sierra Leone Cycling Foundation
Grant Making and Fund Distribution Policy
Grants and support will be based on our
previous and current experience working
in Sierra Leone and the cycling industry and
community. Where SLCF distributes
funds to programme partners, SLCF will
monitor, oversee, or administer financial
control. SLCF will establish a memorandum
of understanding with partners to
provide appropriate governance for the
funding purpose. SLCF will track all
contractual obligations to suppliers of
goods, services, and materials used in a
programme’s activity. Other than occasions
when SLCF is enabling someone to
carry out its work, or activity of a project in
which it is involved, the organisation will
not fund an individual. All grant-making
decisions are at the final discretion of SLCF.
SLCF retains the right to accept proposals
and/or applications on an invitation only
basis.
Base grant making criteria:
● Programme/activity to directly work within
the Sierra Leone cycling
community
● Programme/activity to focus on one or
more of the following: access,
improvement and progression of cycling in
Sierra Leone, capacity building
related to cycling activities.
● Before funds are released, fund receiver
from the programme/activity must
○ provide a detailed activity plan
○ provide a financial request on how funds
will be spent
○ commit to reporting back against the
financial request submitted
○ have reported back in full on any and all
previously granted fund
requests
Additional grant making guidelines:
● Programme(s) to work alongside SLNCA
registered cycling clubs and/or
registered NGOs
● Programme(s) can encompass wider
members of the cycling community
such as mechanics, volunteers, coaches,
team managers
● Grants are for programmes that are
outcomes-focused, driven by contextual
knowledge and expertise.
Before funds are released and in order to
satisfy the grant funding to be used in a
way that follows the vision, mission and
values of SLCF, the fund receiver from the|
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- programme/activity may be required to additionally ○ partake in a face-to-face or virtual interview or discussion ○ provide additional evidence of status, registration and/or identification ○ provide evidence of relevant policies and procedures related to their organisation or institutions ○ commit to additional specific reporting requirements
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|---|---|---|
|Policy on social investment
including program related
investment|Para 1.38|As indicated above, our Policy on Social
Investment is key to all our activities
including community engagement and
inclusive sporting activities in local
communities in Sierra Leone.|
|Contribution made by
volunteers|Para 1.38|SLCF has two dedicated volunteer Directors
leading the grant making, fundraising and
on the ground progammes. Both have good
knowledge and experience of Sierra Leone
and one is based in Sierra Leone working
for a different iNGO so is able to do the on-
the-ground evaluation, monitoring and build
partnership relations.
Additionally the organisation has one Gift
Aid secretary that assists with financial
reporting and has strong experience with
Charity Commission guidelines and Charity
finance structures and reporting.|
|Other||N/A|
## 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|In the first reporting year of operating as a
registered charity, SLCF has achieved;
-
Supporting the female Sierra Leone
National team to attend their first
ever international race ‘Tour de
Burundi’
-
Support the development of online
training ‘Zwift’ Programme. Critically
this has enabled submission of
results and statistics for top level
athletes to continental training
programmes and potential scouting
opportunities.
-
Supporting junior, women’s and
men’s races across different regions
of Sierra Leone plus inclusive
intraclub junior races.
-
The provision of equipment,
especially to female and junior riders
including 20+ bikes, parts, and team
and training kit.|
Additional information (optional)
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## You may choose to include further statements where relevant about:
||||
|---|---|---|
|Achievements against
objectives set|Para 1.41|With just seven months of Charity
Commission registration in 2024, three of
which are rainy season in Sierra Leone
making activities very limited over that time,
we were very satisfied with our
achievements in 2024.
-
Securing support for one criterium
race in the capital Freetown &
securing support for a second race
in the North East district of Kono to
take place in January 2025.
-
Supporting one distance race in the
capital city Freetown
-
Full support for five female cyclists,
one female coach and one mechanic
to an international stage race in
Burundi including supporting talent &
team selection, training camps and
the race itself.
-
Supporting the development and
registration of one new regional
cycling club (Koinadugu) which is
especially focusing on junior and
female cyclists.|
|Performance of fundraising
activities against objectives
set|Para 1.41|A concerted effort in 2024 was to identify
and contact funders for 2025-2026
activities.
A large proportion of fundraising efforts in
2024 was focused on the national women’s
team attending the Tour du Burundi, for
which we reached our target with a social
media presence and developed a core
partnership for the future with Team Africa
Rising. We were very happy with this
achievement to be able to send a full team
of 7 Sierra Leoneans to the race.
With racing falling between October – May,
we were happy to support the start of the
cycling activity season with two races and
secure a programme for 2025.|
|Investment performance
against objectives|Para 1.41|N/A|
|Other||N/A|
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## Financial Review
||||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|As a newly registered charitable
organisation, we are happy with our end of
financial period position. A secure start has
allowed us to plan and strategize for
growing into 2025 and 2026 with further
fundraising activities and growth of income
and savings.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|As a volunteer-led organisation with no
monthly running costs or repeat grants
awarded thus far, we are planning on
moving towards strategizing and adding to
our reserves over the next 18 months into
2025-2026.
Currently we are adding a small amount
monthly to our reserves as good practice.|
|Amount of reserves held|Para 1.22|£0|
|Reasons for holding zero
reserves|Para 1.22|As a newly registered, volunteer-led
organisation with no monthly running costs
or repeat grants awarded thus far, we have
been focusing our efforts on increasing
fundraising activities so we are able to more
towards growing reserves going forward.|
|Details of fund materially in
deficit|Para 1.24|None|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None|
## 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|-
Public fundraising through
fundraising platforms and social
media. Such funds attracted Gift Aid
from UK taxpayers which we
diligently follow up with HMRC.
-
Donations from strategic partners for
specific events|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Currently all funds are held in two cash bank
accounts in the UK. Both are held with the
Co-Operative bank, which has a good
reputation for charity banking.|
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|---|---|---|
|A description of the principal
risks facing the charity|Para 1.46|The current poor economic situation in the
bicycle/cycling industry is causing
turbulence and reduction in funding from
that sector and industry. This economic
situation is one over which regrettably we
have no control. We have already mitigated
this with diversification of seeking funding
partnerships from other industries and
sectors.|
|Other|||
Structure, Governance and Management
||||
|---|---|---|
|Description of charity’s
trusts:|||
|Type of governing document
(trust deed, royal charter)|Para 1.25|CIO Association (model constitution)|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation (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|Trustees are appointed or re-appointed at
each AGM by the Trustee Board.|
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|Referral to relevant Charity Commission
website Trustee information and other sites
such as NVCO etc|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|UK based; one volunteer Director, plus one
Finance/Gift Aid/Admin volunteer.
Sierra Leone based; one volunteer Director
is based in Sierra Leone for 10 months in
2024. They are able to carry out activities
including monitoring and evaluation in their
spare time.|
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|---|---|---|
|Relationship with any related
parties|Para 1.51||
|Other|||
## Reference and Administrative details
|||
|---|---|
|Charity name|Sierra Leone Cycling Foundation|
|Other name the charity uses|SLCF|
|Registered charity number|1207984|
|Charity’s principal address|20 Stanley Avenue
BECKENHAM
Kent
BR3 6PX|
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Doc ID: 3b5636d61c3cc0547f3e6c75a4408e06f9473a48
Names of the charity trustees who manage the charity
**----- Start of picture text -----**
Name of person (or
Dates acted if not
Trustee name Office (if any) body) entitled to
for whole year
appoint trustee (if any)
1 [Deena ]
Blacking
2 [Mohammad ]
Sesay
3 Emma Shurkra
**----- End of picture text -----**
Corporate trustees – names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
**----- Start of picture text -----**
Trustee name Dates acted if not for whole
year
N/A
**----- End of picture text -----**
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A 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
Doc ID: 3b5636d61c3cc0547f3e6c75a4408e06f9473a48
N/A Name of chief executive or names of senior staff members (Optional information) Thomas Charles Owen – Director Roxanne Hargreaves - Director
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
**----- Start of picture text -----**
Signature(s)
Deena Blacking Mohammad Sesay Emma Shkurka
Full name(s)
Position (eg Trustee Trustee Trustee
Secretary, Chair, etc)
Date 05 / 04 / 2025 05 / 04 / 2025 05 / 04 / 2025
**----- End of picture text -----**
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||SLCF Trustee Annual Report & Accounts
1._Cover.docx and 3 others
3b5636d61c3cc0547f3e6c75a4408e06f9473a48
MM / DD / YYYY
Signed
**05 / 04 / 2025**
14:31:23 UTC
Sent for signature to Deena Blacking (deena@drivetrain.cc),
Mohammad Sesay (mrsesay87@gmail.com) and Emma Shkurka
(emvshkurka@gmail.com) from roxanne@reseed.org.uk
IP: 89.40.212.113
**05 / 04 / 2025**
14:59:59 UTC
Viewed by Deena Blacking (deena@drivetrain.cc)
IP: 79.156.4.156
**05 / 04 / 2025**
15:25:42 UTC
Signed by Deena Blacking (deena@drivetrain.cc)
IP: 79.156.4.156
**05 / 04 / 2025**
15:35:30 UTC
Viewed by Emma Shkurka (emvshkurka@gmail.com)
IP: 151.54.174.68
**05 / 04 / 2025**
15:36:40 UTC
Signed by Emma Shkurka (emvshkurka@gmail.com)
IP: 151.54.174.68|
|||
|||
|---|---|
||**05 / 04 / 2025**
17:16:14 UTC
Viewed by Mohammad Sesay (mrsesay87@gmail.com)
IP: 86.185.165.36
**05 / 04 / 2025**
17:18:26 UTC
Signed by Mohammad Sesay (mrsesay87@gmail.com)
IP: 86.185.165.36
The document has been completed.
**05 / 04 / 2025**
17:18:26 UTC
SLCF Trustee Annual Report & Accounts
1._Cover.docx and 3 others
3b5636d61c3cc0547f3e6c75a4408e06f9473a48
MM / DD / YYYY
Signed|
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