## **Sierra Leone Cycling Foundation** Annual Accounts for the period 1[st] Jan 2025 to 31[st] Dec 2025 Charity Commission Registration Number 1207984 20 Stanley Avenue, Beckenham, Kent BR3 6PX hello@sierraleonecyclingfoundation.org Trustees Deena Blacking Mohammad Sesay Emma Shkurka 14 July 2026 Approved by the Trustees on Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Sierra Leone Cyding Foundation On accounts for the year ended 31 De￿mber 2025 Charity no (if any) 1207984 Set out on pages I report to the trustees on my examination of Ihe accounts of the above charity {Yhe Trust.) for the year ended Responsibilities and basis of report As the chartty's trustees. you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Xhe Acl"). I report in reS￿ct 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 all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Independent examinerfs ststement I have completed my examination. I Confi￿ that no material matters have come to my attention in connection with the examination (other than that discl¢)sed below "} which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan￿ with section 130 of the Charities Act,. or the accounts did not accord with the accounting records; or the accounls did not comply with the applicable requirements con￿MIng the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no cOn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the worfs in the brdckets if they do not apply. Signed: Date: Name: Sally Rogefs Relevant professional qualification(s) or body FCCA IER Oct 2018 Doc ID.. 340b7479fft)558669e85743ab70200de86b21466 {if any): Address: 1 Abacus House. Newlands Road, Corsham , Wiltshire Section B Disclosure Only complete rf the examiner needs to highlighl matenal matters of concern (see CC32, Independent examination of tharity accounts.. directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclose. IER Oct 2018 Doc ID.. 340b7479fft)558669e85743ab70200de86b21466 ## **Statement of Financial Activities** Prepared for Sierra Leone Cycling Foundation: 1/1/2025 to 31/12/2025 (compared with 1/1/2024 to 31/12/2024)* ||**Unrestricted**|**Total**|**_Prior Total*_**| |---|---|---|---| |Donations and Legacies|35,495|**35,495**|_8,301_| |Investments|1|**1**|| |**Total income and endowments**|**35,496**|**35,496**|**_8,301_**| |Charitable Activities|31,046|**31,046**|_5,700_| |**Total expenditure**|**31,046**|**31,046**|**_5,700_**| |Net income/(expenditure) before investment gains/(losses)|4,450|**4,450**|_2,601_| |Net gains/(losses) on investments|||| |Net income/(expenditure)|4,450|**4,450**|_2,601_| |Exceptional items|||| |Transfers between funds|||| |Gains(losses) on revaluation of fixed assets for charity's own use|||| |Other gains(losses)|||| |**Net movement in funds**|**4,450**|**4,450**|**_2,601_**| |_Total funds brought forward_|_2,601_|**_2,601_**|| ||||| |**Total funds carried forward**|**7,051**|**7,051**|**_2,601_**| Ms Doc ID: 340b7479ffb558669ee5743ab70200de86b21466Page 1 of 1 07-Mar-2026 11:50 ## **Trustees’ Annual Report for the period** **From 1[st] Jan 2025 Period start date To 31[st] Dec 2025 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,
Equipment and wider cycling community
activities.
Grants in 2025 have included supporting a
road race in the capital Freetown, criterium
races including junior and female categories
and Sierra Leones largest race The Tour de
Lunsar.| |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 Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 |||| |---|---|---| |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| Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 - 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 Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 |||| |---|---|---| |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 activities. 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
voluntary Gift Aid secretary that assists with
financial reporting and has strong
experience with Charity Commission
guidelines and Charity finance structures
and reporting.
Due to the increased fundraising income in
2025 we have also engaged a pro-bono
accountant to be an Independent Examiner
for the accounts.| |Other||N/A| Achievements and Performance Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 |||| |---|---|---| ||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 past year of operating as a registered
charity, SLCF has achieved;
-
Supporting Sierra Leone’s largest
race – The Tour de Lunsar – with
fundraising, resources and
operational support and expertise
-
Supporting the establishment of the
Sierra Leone Cycling Development
Trust with the National Sports
Authority.
-
Support the development and
growth 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) You may choose to include further statements where relevant about: |Achievements against
objectives set||| |---|---|---| ||Para 1.41|We were very satisfied with our
achievements in 2025.
We continued to experienced challenges in
2025 for supporting riders to race and take
part in cycling activities outside of Sierra
Leone due to the Sierra Leone National
Cycling Association being in a state of
turmoil. The SLNCA is not a partner of
SLCF so this does not directly effect our
activities, however they are a national
governing entity that facilitates certain
administrative processes.
To mitigate this, we focused all efforts and
resources towards regional and national
events:
-
Securing support for one criterium
race in the North East district of
Kono which took place in February
2025.
-
Supporting Sierra Leone’s largest
multi-day event Tour de Lunsar
which included U12, U19 and both
male and female categories with
equal prize money.| Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 |||| |---|---|---| |||-
Supporting one distance race in the
capital city Freetown in November
2025. This included growing our
relationship with the hosts and grant
reciepients Flames Cycling Club.
-
Supporting the growth of partner and
grant recipient Lunsar Cycling Team,
particularly focusing on the
development of female and junior
riders.
2025 also saw the first SLCF supported
‘Bicycle Library’ at Marampa School, Port
Loko District. This activity goes hand-in-
hand with the development of a new partner
– Village Bicycle Project Sierra Leone.| |Performance of fundraising
activities against objectives
set|Para 1.41|A concerted effort in 2025 was to identify
and contact funders for 2025-2026-2027
activities.
A large proportion of fundraising efforts in
2025 was focused on the Tour de Lunsar.
With racing falling between October – May,
we were happy to support the start of the
cycling activity season with one race and
secure a programme for 2026.| |Investment performance
against objectives|Para 1.41|N/A| |Other||N/A| Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 **Financial Review** |||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|As a relatively newly registered, volunteer-
led 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 2026 and 2027
with further fundraising activities and growth
of income and savings.
We continue to hold strong connections and
relationships with several core supporters
and donors which contributes to a level of
financial security for some of our planned
activities.
Although we do not have a large cash
reserve, we consistently operate within our
budget and fundraise on a project basis,
which is the most sustainable way we can
afford to run the charity at present. While we
hope to engage with more consistent
donors to enable us to create solid
foundations for the organisation, we are
cognisant of the global economic situation
and the general trend away from
philanthropy /sponsorship at present. We
will continue to provide donors and
supporters with clear, focused targets for
any fundraising efforts, ensuring that these
efforts are efficient and proportionate to our
work and our volunteer workforce.| |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
2026-2027.
Currently we are adding a small amount
monthly to our reserves as good practice.| |Amount of reserves held|Para 1.22|£175 at the end of 2025| |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**| Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 ## **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.| |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||| |**tructure, 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.| ## **Structure, Governance and Management** ## **Additional information (optional)** You may choose to include further statements where relevant about: Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 |||| |---|---|---| |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 2025. They are able to carry out
activities including monitoring and
evaluation in their spare time.| |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| ||| Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 **Names of the charity trustees who manage the charity** |||||| |---|---|---|---|---| |1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**| ||Deena
Blacking|||| ||Mohammad
Sesay|||| ||EmmaShkurka|||| – 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 |||| |---|---|---| |Trustee name|Dates acted if not for whole
year|| |N/A||| 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 Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 ## Additional information (optional) Names and addresses of advisers (Optional information) **----- Start of picture text -----**
Type of Name Address
adviser
N/A
Name of chief executive or names of senior staff members (Optional information)
Thomas Charles Owen – Director
Roxanne Hargreaves - Director
**----- End of picture text -----**
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
Full name(s)
**----- End of picture text -----**
Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466 Position (egTrustee trustee Secretary, Chair, etc) Date 07 / 11 / 2026 Doc ID: 5a467156caf8cf9aee5d2a10a6bb1ad316c3d512Doc ID: 340b7479ffb558669ee5743ab70200de86b21466