| Contents | ||||
|---|---|---|---|---|
| Page | ||||
| Reference | and administration | details | ||
| Trustees' | annual report | |||
| Independent examiner's |
report | 14 | ||
| Statement | offinancial activities | 15 | ||
| Balance sheet | 16 | |||
| Statement | ofcash flows | 17 | ||
| Notes to the financial statements |
18 |
| health | care, water, sanitation a |
care, water, sanitation a |
care, water, sanitation a |
care, water, sanitation a |
nd education a |
nd to improved livelihood opportunities since 2006. |
|---|---|---|---|---|---|---|
| -Goal | ','=Des'cription . | /Abhievpement la 2021 |
||||
| Ll | Increased | operational | capacity of | UK: RiverRover 308 hovercraft maintained for fundraising events |
||
| hovercratt | and logistic | equipment | and used as atest bed for design improvements. New craft design |
|||
| and staff | captured on CAD, build programme started, and key elements |
|||||
| procured. Technical partnerships with RICARDO and Camb. Univ |
||||||
| MADA: Ongoing work to repair and make ready the Vortex 5 and | ||||||
| RiverRover 403 craft. | ||||||
| 1.2 | Increased | number ofpeople reached | UK: Initial discussions on collaborations with IMPACT, YWAM |
|||
| by others provided |
using logistic by HoverAid. |
services | MADA; IMPACT Madagascar project started around Maevetanana but not completed due to hovercraft failure. MEDNET evasan |
|||
| collaboration established with MAF and Nehemiah |
||||||
| 1.3 | Increased | number ofpeople reached | UK:Funding raised and provided as requested for core MMS, |
|||
| where no | other development | emergency, evasan, and disaster recovery / rebuild |
||||
| partners | are present (yet). | MADA; 10MMS's provided direct care for 4,081people in 9 | ||||
| locations vs 2,353 in 2020 | ||||||
| Emergency | response | UK:f28,000raised and provided for schools build, evasan, stoim |
||||
| damage survey. |
||||||
| MADA: Building ofthree schools in Ambato Boeny completed, | ||||||
| Distribution ofCOVID protection, medicines and cleaning |
||||||
| e ui ment. Four evasan res ense ro'ects |
| Goal | Itescrt tion |
Achievement in 2021 |
|
|---|---|---|---|
| Enlarged support portfolio | UK; Regular UK subscribers have increased irom 620 to 650. 176donors. |
||
| via four HoverAid member |
Regular gifts from 14businesses and churches. Facebook campaigns |
now | |
| organisations, being |
reaching 1,700"regular "followers". Three events held, raising f8,672. |
||
| sufficient to support | Supporters and HA team took on two "challenges", raising f3,478 |
||
| planned life-changing programs to be implemented by Hover+Aid and for logistics services using hovercraft |
Part time paid Events Coordinator taken on (funded by Aidan Trust). Web site improvements made to HA UK website. Regular comms, to UK supporter base via Summer 2021 newsletter (to all subscribers), monthly prayer letters (to 240 signed up to receive), and oneoff appeals / updates |
||
| MADA: Increasing number ofFacebook followers in MADA. Regular |
|||
| capture and communication ofvideo, photo and narrative offont-line |
work | ||
| for dissemination to su orters |
|||
| The board is satisfied that both communications, awareness and fundraising campaigns have been |
|||
| undertaken with due respect to the dignity and privacy ofboth charitable beneficiaries (in particular, |
|||
| vulnerable persons in iuml Madagascar) and prospective supporters, donors, and volunteers in the UK. |
No | ||
| unsolicited direct marketing has been used, and the requirements ofthe Data Protection Act have been |
|||
| adhered to throughout. HoverAid |
does not use any third parties to contact prospective supporters. |
| irection, | with purposefu | l guidance |
by HoverAid International. |
|
|---|---|---|---|---|
| Goal | De'scription, | "=:,.-' | —. -. —. == = . - =:rAchieyementin2021" |
|
| All HoverAid | members | UK:Board ofTrustees meeting monthly and refreshed with new |
Trustees. | |
| have further | New UK team members: Finance officer; Operations and ITofficer; |
|||
| strengthened | their | Events coordinator; New hovercratt project manager; fundraising |
||
| institutional | structure | volunteer (left Jan 2022).Key Policies updated in a regular 2 yr |
cycle; | |
| and systems, | based on | New accounting system (Quickbooks), replacing XERO. |
||
| the HoverAid | vision | Monthly reporting processes with HA MADA established for Finance and |
||
| and values. | operations. | |||
| MADA: Formal MoU with MAF agreed (MMSs). Employment | contracts | |||
| in place for most staff. | ||||
| Review offinancial and management processes, policies, structure and |
||||
| s stems canied out b ETIKA in December 2021 |
| Source | Amount (f) | Pm ose |
|---|---|---|
| Deichmann Foundation |
16,603 | Storm recovery work / Schools build |
| Aidan Tmst | 7,000 | Events Coordinator |
| Souter charitable Trust |
5,000 | General |
| James Tudor Foundation | 5,000 | General |
| PALS Madagascar fund |
3,817 | General |
| Andre Christian Trust |
3,000 | Storm recovery work / Schools build |
| Ashworth Trust |
3,000 | Storm recovery work / Schools build |
| Carmela and Ronnie Pignatelli | 2,500 | General |
| foundation | ||
| Pedmore Trust |
1,500 | Storm recovery work / Schools build |
| Stichting Response A&les |
1,500 | Storm recovery work / Schools build |
| Scott-Thomson Trust |
1,000 | General |
| Britland Trust |
500 | General |
| Sydney EFranklin Charity | 500 | General |
| .0 | ||||||
|---|---|---|---|---|---|---|
| Enlarged | support portfolio via | UK: Increase regular UK subscribers to 1000+,including |
200+donors. | |||
| four HoverAid | member | Increase regular donation level. Grow social media |
presence via FBook | |||
| organisations, | being sufficient | / Twitter / Linkedln. |
||||
| to support | planned | life- | Increase events programme. Stimulate supporter-led |
fundraising | ||
| changing | programs | to be | "challenges" | |||
| implemented | by Hover+Aid | Maintain regular communications to UK supporter |
base | via newsletter | ||
| and for logistics services using | (to all subscribers), monthly prayer letters, and one-off |
|||||
| hovercraft | conununications. Develop "charity partner" relationships |
with | ||||
| companies and institutions. |
||||||
| MADA: Continue to captm eand communicate video, photo and |
||||||
| narrative offiont-line work for dissemination to supporters. Develop |
||||||
| collaboration artnershi s. |
||||||
| 11 |
| The Hoveraid Trust |
The Hoveraid Trust |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company | Registration | No. 02661888 | ||||||||
| Statement ofFinancial Activities | Charity | Registration | No. 1005977 | |||||||
| Year ended 31December 2021 | ||||||||||
| Notes | Unrestricted | Designated | Restricted | Year ended | Unrestricted | Desimtated | Restricted | Year ended | ||
| funds | funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | 31-Dec-21 | 2020 | 2020 | 2020 | 31-Dec-20 | |||
| Income | ||||||||||
| Income from: | ||||||||||
| Donations. grants and legacies |
132,831 | 94,805 | 227,637 | 149,086 | 1,030 | 148,956 | 299,071 | |||
| Other ftmdratstng activities |
2,418 | 236 | 2,654 | 800 | 800 | |||||
| Income from charitable activities |
26,117 | 0 | 26,117 | 9,758 | 8,758 | |||||
| Other income | 10,538 | 0 | 10,538 | 6 | 6 | |||||
| Total income | 171,904 | 95,041 | 266,945 | 158,650 | 1,030 | 148,956 | 308,636 | |||
| Expenditure on: |
||||||||||
| Raising funds | 27,244 | 3,379 | 30,622 | 41,098 | 50 | 41,147 | ||||
| Charitable activities |
101,431 | 4,818 | 110,322 | 216,571 | 105,078 | 98,293 | 203371 | |||
| Other expenditure | 24,841 | 12,533 | 37,374 | 19,028 | 17,355 | 36,383 | ||||
| Total expenditure | 153,516 | 4,818 | 126,233 | 284,567 | 165,204 | 115,697 | 280,901 | |||
| Net incomer(expendttare) | before transfer | 18,388 | (4,818) | (31,192) | (17,623) | (6,553) | 1,030 | 33,258 | 27,735 | |
| Gross transfers between ftmds —in | 11,000 | 11,000 | 9,519 | 3,661 | 13,180 | |||||
| Gross transfers bctwecn funds - out | (11,000) | (11,000) | (13,180) | (13,180) | ||||||
| Net movement in fands |
18,388 | (4,818) | (31,192) | (17,623) | (19,733) | 10,548 | 36,919 | 27,735 | ||
| Total funds brought forward |
58,139 | 14,460 | 81,639 | 154,239 | 77,872 | 3,913 | 44,719 | 126,504 | ||
| Total funds carried forward | 76,527 | 9,642 | 50,447 | 136,616 | 58,139 | 14,461 | 81,638 | 154,239 |
| Balance | Sheet | Sheet | Charity Reg | istration N |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year ended | 31December 2021 | ||||||||||
| Notes | Unrestricted | Designated | Restricted | Year ended | Unrestricted | Designated | Restricted | Year ended | |||
| funds | funds | funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | 31-Dec-21 | 2020 | 2020 | 2020 | 31-Dec-20 | ||||
| Fixed assets | |||||||||||
| Tangible assets | 29 | 47,482 | 6,352 | 53,835 | 50,489 | 50,489 | |||||
| Current assets | |||||||||||
| Debtors | 5,078 | 5,078 | 3,983 | 18 | 87 | 4,088 | |||||
| Cash at bank | and in | hand | 29,346 | 9,642 | 44,094 | 83,082 | 7,784 | 14,458 | 81,596 | 103,839 | |
| LiebiTitias | |||||||||||
| Creditors: Amounts | falling due in one year | (5,379) | (5,379) | (4,116) | (15) | (46) | (4,177) | ||||
| Net current | assets | less current LiabiTities | 29,045 | 9,642 | 44,094 | 82,781 | 7,650 | 14,461 | 81,638 | 103,750 | |
| Total Net assets | 76,528 | 9,642 | 50,446 | 136,616 | 58,139 | 14,461 | 81,638 | 154,239 | |||
| Represented | by | ||||||||||
| General fund | 76,528 | 6,352 | 82,880 | 58,139 | 58,139 | ||||||
| Designated fund |
9,642 | 9,642 | 14,461 | 14,461 | |||||||
| Restricted Funds | 44,094 | 44,094 | 81,638 | 81,638 | |||||||
| Funds ofthe | charity | 3 | 76,528 | 9,642 | 50,446 | 136,616 | 58,139 | 14,461 | 81,638 | 154,239 |
| L | |||||||||||||||||||||||
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| Year ended 31D | ec | embe | r 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Year ended | Unrestricted | Designated | Restricted | Year ended | ||||
| 2021 | 2021 | 2021 | 31-Dec-21 | 2020 | 2020 | 2020 | 31-Dec-20 | ||||
| Rxed assets | 6,352 | 6,352 | |||||||||
| Assets under construction | 3,737 | 3,737 | 158 | 158 | |||||||
| Vehicles —general |
cost | 12,290 | 12,290 | 14,749 | 14,749 | ||||||
| Engines - general | cost | ||||||||||
| Office &.ITequipment | 26,918 | 26,918 | 29,909 | 29,909 | |||||||
| MADA-based motor |
vehicles cost | 4,538 | 4,538 | 5,672 | 5,672 | ||||||
| Medical equipment | cost | 47,482 | 6,352 | 53,835 | 50,488 | 50,489 | |||||
| Current assets | 22,845 | 9,642 | 25,173 | 57,660 | 7,106 | 14,458 | 63,714 | 85,288 | |||
| Cash —treasurers |
account | 2,902 | 15,000 | 17,902 | 27 | 17,873 | 17,900 | ||||
| Cash - business account | 10 | 10 | |||||||||
| Cash —Paypal |
2,050 | 3,922 | 5,971 | 651 | 651 | ||||||
| I-IA MADA cash and | bank | account | 1,540 | 1,540 | |||||||
| Undeposited funds |
29,346 | 9,642 | 44,094 | 83,082 | 7,784 | 14,458 | 81,587 | 103,839 | |||
| Total cash | 643 | 643 | 1,889 | 1,889 | |||||||
| Prepayments | 1,087 | 1,087 | 375 | 9 | 384 | ||||||
| Accounts receivable | 538 | 538 | 504 | 18 | 78 | 600 | |||||
| VAT receiva b le | 1,414 | 1,414 | |||||||||
| Gift Aid Claimable | 1,396 | 1,396 | 1,215 | 1,215 | |||||||
| HA MADA Accounts | receivable | 5,078 | 0 | 0 | 5,078 | 3,983 | 18 | 87 | 4,088 | ||
| Total debtors | 34,424 | 9,642 | 44,094 | 88,161 | 11,767 | 14,476 | 81,674 | 107,927 | |||
| Uabilities | (984) | (984) | (1,643) | (1,643) | |||||||
| Accruals | (3,687) | (3,687) | (2,473) | (46) | (2,519) | ||||||
| Payroll Liabilities |
(708) | (708) | (3-5) | (15) | |||||||
| Accounts payable |
within | one year | (5,379) | (5c379) | (4,116) | (15) | (46) | (4,177) | |||
| 29,045 | 9,642 | 44,094 | 82,781 | 7,650 | 14,461 | 81,638 | 103,750 | ||||
| Net Current Assets | 76,527 | 9,642 | 50,446 | 136,616 | 58s139 | 14,461 | 81,638 | 154i239 | |||
| Net Assets |
| At 1Jan | At 31nee | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | Ontgning | Transfers | 2021 | ||||
| Restricted funds | |||||||
| A.Mayo overseas | work support | 2,805 | 2,805 | ||||
| CEO | 5,120 | 5,120 | |||||
| Community Health |
Prog (Gen) | 19,813 | 358 | 13,920 | 6,251 | ||
| Emergency Relief —Cyclone |
11,785 | 26,781 | 30,308 | 8,257 | |||
| G1500Refurb & | Maintenance | 13,373 | 324 | 2,428 | (8,000) | 3,269 | |
| Events | 1,613 | 8,870 | 6,299 | 3,000 | 7,184 | ||
| New Hovercratf | RR48 | 55 | 11,241 | 6,352 | 8,000 | 12,943 | |
| Madagascarlegacy | buffer | 19,722 | 19,722 | ||||
| Not A.Mayo | 662 | 662 | |||||
| Schools Work | 3,000 | (3,000) | |||||
| Souter 19 | 300 | ||||||
| Volunteer support | fund | 3,385 | 3,385 | ||||
| 81,633 | 47,574 | 85,112 | 44,094 | ||||
| Designated | |||||||
| Annual significant |
4,318 | 4,318 | |||||
| Reserves | 5,804 | 3,720 | 1,000 | 8,524 | |||
| Volunteer support | fund (unrestricted) | 558 | 558 | ||||
| ER-Contingency | 3,780 | 1,683 | 4,345 | 1,118 | |||
| 14,460 | 5,403 | 10,221 | 9,642 | ||||
| Unrestricted | |||||||
| General fund | 58,140 | 137,419 | 112,679 | 82,880 | |||
| 58,140 | 137,419 | 112,679 | 82,880 | ||||
| TOTAL FUNDS | 154~3 | 190,395 | 208,012 | 136,616 |
| 130 | 33 | Io | ||||||||||||||
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| Year ended | 31D | ecem | ber 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| AtIJsn | At31Dec | |||||||
| 2020 | Incoming | Outgoing | Tennsfers | |||||
| Restricted | funds | |||||||
| A.Mayo overseas work | support | 2,805 | 2,805 | |||||
| CEO | 20,000 | 18,541 | 3,661 | 5,120 | ||||
| Community | Health | Prog (Gen) | 479 | 41,043 | 22,174 | 19,348 | ||
| Emergency | Relief | —Cyclone | 108 | 45,413 | 33,736 | 11,785 | ||
| Fundraising | Temporary | re-restriction | 99 | 99 | ||||
| G1500 Refurb gt Maintenance |
12,850 | 523 | 13,373 | |||||
| Events | 2,002 | 487 | 1,514 | |||||
| Hovercraft | Maintenance | 4 | 51 | 0 | 55 | |||
| Madagascar | 10,385 | 500 | 10,033 | 852 | ||||
| Madagascar | legacy buffer | 13,705 | 5,780 | 615 | 18,870 | |||
| Madagascar | Volunteer | Trip (2015) | 250 | 250 | ||||
| Hoveraid Netherlands |
lk France | 27,973 | 27,973 | 0 | ||||
| Not A.Mayo/I Ruttle/M |
Satchwell | 1,772 | 1,306 | 662 | ||||
| Schools Work | 3,000 | 3,000 | ||||||
| Souter 19 | 300 | 300 | ||||||
| Volunteer support |
fund | 3,167 | 833 | 3,135 | ||||
| Watsan | 465 | 465 | ||||||
| 44,719 | 148,956 | 115,697 | 3,661 | 81,633 | ||||
| Designated | ||||||||
| Annualsignificant | 1,270 | 3,048 | 4,318 | |||||
| Reserves | 2,084 | 3,720 | 5,804 | |||||
| Volunteer support |
fund | (unrestdicted) | 558 | 558 | ||||
| ER-Contingency | 1,030 | 2,751 | 3,780 | |||||
| 4,942 | 9,519 | 14,460 | ||||||
| Unrestricted | ||||||||
| General fund |
77,873 | 158,650 | 165,204 | (13,180) | 58,140 | |||
| 77e873 | 158,650 | 165,204 | (13,180) | 58,140 |
| 4.Analysis ofincome | 4.Analysis ofincome | Cha | rity Registrat | ion No. 10 |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Year ended 31December 2021 | |||||||||
| Unrestricted | Designated | Restricted | Year ended | Unrestricted | Designated | Restricted | Year ended | ||
| 2021 | 2021 | 2021 | 31-Dec-21 | 2021 | 2021 | 2021 | 31-Dec-20 | ||
| Income from donations, | grants and legacies | ||||||||
| Donations Businesses |
7,983 | 7,983 | 3,390 | 3,390 | |||||
| Donations Legacies |
|||||||||
| Donations Individuals: |
|||||||||
| Regular | 38,719 | 744 | 39,463 | 31,861 | 2,152 | 34,013 | |||
| One off | 39,092 | 17,586 | 56,678 | 50,356 | 27,867 | 78,223 | |||
| Gift Aid | 18,439 | 2,342 | 20,781 | 13,216 | 4,062 | 17,278 | |||
| Donations Churches |
6,080 | 1,870 | 7,950 | 4,512 | 3,500 | 8,012 | |||
| Donations Community |
466 | 466 | |||||||
| Grants: Trusts and Foundation | 22,518 | 28,452 | 50,971 | 12,398 | 1,030 | 83,403 | 96,831 | ||
| Grants from Hovercraft | International | 43,811 | 43,811 | 22,887 | 27,973 | 50,859 | |||
| Grants —Government |
10,000 | 10,000 | |||||||
| Sub-total | 132,831 | 94,805 | 227,637 | 149,086 | 1,030 | 148tI57 | 299,071 | ||
| Other fundraising activities Events |
2,418 | 236 | 2,654 | 800 | |||||
| Sub-total | 2,418 | 236 | 2,654 | 800 | |||||
| Income from charitable | activities | ||||||||
| Income from HA MADA |
clients | 24,121 | 24,121 | 6,726 | 6,726 | ||||
| Income from MMS project | 1,996 | 1,996 | 2,032 | 2,032 | |||||
| Sub-total | 26,117 | 26,117 | 8,758 | 8,758 | |||||
| Other income | |||||||||
| HA MADA other income | 10,497 | 10,497 | |||||||
| Other income (UK) | 40 | 40 | |||||||
| Sub-total | 10,538 | 10,538 | 6 | 6 | |||||
| TOTAL INCOME | 171,904 | 95,041 | 266,945 | 158,650 | 1,030 | 148,956 | 308,635 |
| Year ended 31 | December | 2021 | 2021 | Unrestricted | Designated | Restricted | Year ended | Unrestricted | Designated | Restricted | Year ended | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 31-Dec-21 | 2020 | 2020 | 2020 | 31-Dee-20 | |||||||
| Direct Costs | 7307 | 7,307 | 3,860 | 3,860 | |||||||||
| UK Staff | 19,937 | 3,379 | 19,937 | 37,237 | 37,237 | ||||||||
| Expenditure on |
Raising Funds | 27344 | 3379 | 30,622 | 41,097 | 50 | 41,147 | ||||||
| Expenditure on |
Charitable | activities | (UK) | ||||||||||
| UKSupportstaff | 25,512 | 25,512 | 10,971 | 35,410 | 46,381 | ||||||||
| Travel | 2,198 | 16 | 2,214 | 6,619 | 6,619 | ||||||||
| Outside services | 250 | 0 | 250 | 5,700 | 6,584 | ||||||||
| Engineering Costs |
2,575 | 2,645 | 5,221 | 3,247 | 3,247 | ||||||||
| Premises | 5,112 | 288 | 5,401 | 1,194 | 810 | 2,004 | |||||||
| Vehicle Costs | 2,937 | 936 | 3,873 | 4374 | 4,374 | ||||||||
| Vehicle Depreciation | 222 | 0 | 222 | 553 | 553 | ||||||||
| Engine Depreciation | 2,459 | 2,459 | 2,459 | 2,459 | |||||||||
| Mada Depreciation | 4,125 | 4,125 | |||||||||||
| Office costs | 1,969 | 2,181 | 4,549 | 4,549 | |||||||||
| Sub-total | 44,899 | 6456 | 51,456 | 39,665 | 37,104 | 76,770 | |||||||
| Expenditure on |
Charitable | activities | in Madagasc | tr | |||||||||
| Office Expenses | 38,077 | 4,818 | 39,056 | 81,951 | 16,616 | 39,186 | 55,802 | ||||||
| Project Expenses | 69,528 | 69,528 | 28397 | 22,003 | 50,400 | ||||||||
| Vehicle Expenses | 13,637 | 13,637 | 20,400 | 20,400 | |||||||||
| Sub-total | 51,714 | 4418 | 108484 | 165,115 | 65,413 | 61,189 | 126,602 | ||||||
| Expenditure on |
Other Activities | ||||||||||||
| Trustee/Director | fees, training | ge. Dev | 60 | ||||||||||
| UK Staff | 22,190 | 5,120 | 27,310 | 6,544 | 15,825 | 22,369 | |||||||
| Travel | 149 | 149 | |||||||||||
| Outside services | 1,504 | 1,504 | 12,000 | 1,500 | 13,500 | ||||||||
| Finance costs S.fees | 4,961 | 338 | 5,299 | 1,060 | 30 | 1,090 | |||||||
| Legal gc Professional | 3,213 | 560 | 3,773 | 415 | 415 | ||||||||
| Bad Debt | (1400) | (1,200) | |||||||||||
| Sub-total | 31356 | 6,018 | 37+74 | 19,028 | 17355 | 36~3 | |||||||
| TOTAL EXPENDITURE | 160,031 | 4418 | 119,718 | 284467 | 165203 | 115,698 | 280,902 |
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