Management Report
BASED-UK
For the period ended 31 March 2022
Prepared by Serenity Bookkeeping Devon
Prepared on 26 November 2022
For management use only
Table of Contents
Financial Activities............................................................................................................................................3 Balance Sheet..................................................................................................................................................4 Statement of Cash Flows.................................................................................................................................5
2/5
Financial Activities
April 2021 - March 2022
| Financial Activities April 2021 - March 2022 |
|
|---|---|
| Total | |
| INCOME | |
| 4000 Individual donations - SO | 5,168.62 |
| 4001 Donations - one off | 22,431.47 |
| 4002 LSA / group donations | 480.00 |
| 4005 Income-Card Sales | 43.26 |
| 4006 Bayan Campaign | 2,920.00 |
| 4010 Business donations | 3,200.00 |
| 4100 Grant Income | 13,921.26 |
| 4200 Gift Aid Income | 7,074.00 |
| 4300 Amazon Smile Income | 240.48 |
| 4310 PayPal Income | 680.47 |
| 4400 NSA Social Action Fund | 550.01 |
| Total Income | 56,709.57 |
| COST OF SALES | |
| 5000 Setsembiso Foundation Grants | 16,000.00 |
| 5002 Bayan Association Grants | 25,900.00 |
| 5005 Cost of cards | 3.06 |
| Total Cost of Sales | 41,903.06 |
| TOTAL | 14,806.51 |
| EXPENDITURES | |
| 7000 Executive Officer Costs | 90.00 |
| 7400 Memberships | 173.00 |
| 7405 Conferences | 50.00 |
| 7406 Computer Costs | 43.20 |
| 7600 Travel and Accommodation | 82.35 |
| 7901 Paypal Fees | 30.40 |
| Total Expenditures | 468.95 |
| NET OPERATING INCOME | 14,337.56 |
| NET INCOME/(EXPENDITURE) | £14,337.56 |
3/5
BASED-UK
Balance Sheet
As of March 31, 2022
| Balance Sheet As of March 31, 2022 |
|
|---|---|
| Total | |
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| 1200 Barclays Current Account | 21,947.35 |
| 1201 PayPal Account | 64.44 |
| Total Cash at bank and in hand | 22,011.79 |
| NET CURRENT ASSETS | 22,011.79 |
| NET CURRENT ASSETS(LIABILITIES) | 22,011.79 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 22,011.79 |
| TOTAL NET ASSETS (LIABILITIES) | £22,011.79 |
| CHARITY FUNDS | |
| Opening Balance Equity | 7,298.04 |
| Retained Earnings | 376.19 |
| Surplus/(Deficit) | 14,337.56 |
| Total Charity funds | £22,011.79 |
4/5
BASED-UK
Statement of Cash Flows
April 2021 - March 2022
| Statement of Cash Flows April 2021 - March 2022 |
|
|---|---|
| Total | |
| OPERATING ACTIVITIES | |
| Net Income | 14,337.56 |
| Adjustments to reconcile Net Income to Net Cashprovided byoperations: | 0.00 |
| Net cashprovided by operating activities | 14,337.56 |
| NET CASH INCREASE FOR PERIOD | 14,337.56 |
| Cash at beginningofperiod | 7,674.23 |
| CASH AT END OF PERIOD | £22,011.79 |
5/5
BASED-UK
Reporting period: 1 April 2021 – 31 March 2022
Executive Officer Report
BASED-UK has focussed on collaboration with its 2 programme partners in Eswatini and Honduras due to the financial commitment which Mona Foundation in USA made to supporting the Mongolian Development Centre during the year. Maintaining BASED-UK income at the same levels as the previous year proved difficult. This may well have been due to the comparatively depressed economic outlook following the pandemic and energy price hikes with reductions in personal giving and cuts in Government funding. Total gross income dropped from £64,940 in the previous year to £56,710 this period equating to a 13% fall in revenue, which approximates to 2019 income levels.
A report was prepared by the trustees focussing on the possible benefits of part time recruitment of ‘Network Coordinators’ to support learning about UK fundraising and documenting such learning using volunteers. This was partly in recognition of the limited capacity of the trustees to engage with fundraising to the extent required by the annual budgets of our programme partners. Following further consultations through the period and recruitment and selection process, a joint appointment was made to the role of ‘Funding Network Coordinator’ in June 2022.
With the central Government budget reductions announced in April 2021 following the aftermath of the pandemic, overseas development aid was cut from 0.7% to 0.5% of GNP resulting in billions of pounds support being removed from UK aid programmes. A BASED-UK application to FCDO for multiyear support to SSF, our partner in Eswatini, was part of the Small Charities Challenge Fund programme for which we had been shortlisted. The trustees learned in late April 2021 that this aid programme had been completely cut by the Government and that our application was no longer going forward for funding.
Five small grant applications were made during the reporting period with one successful outcome with the Southall Trust which has supported us consistently from 2017. Another donor where we had previously been successfully awarded funding does not encourage repeat applications over more than a few years. Interestingly, the De La Rue Charitable Trust to which we had applied responded that 'The Trustees felt that the Charity’s roots were based on a religion or faith and therefore not within the eligibility criteria.' It is apparent that small grant-dispensing charities have been negatively impacted by a deteriorating economic climate lasting several years.
The Bayan Association in Honduras and the Setsembiso Sebunye Foundation in Eswatini and are both Baha'i-inspired development agencies with an educational focus. BASED-UK continues to take its direction from the documents and letters published by the Universal House of Justice alongside specific guidance from the Baha'i International Development Office. During this period under review the trustees maintained regular contact with both partner programmes, particularly regarding their operational and financing requirements. The programme staff continue to inspire BASED-UK trustees with their fortitude and determination to assist those in a state of vulnerability and material impoverishment.
Meetings 9.4.21 (Bayan); 16.4.21 (MDC Zoom); 1.6.21 (trustees Zoom); 16.7.21 (Bayan Zoom); 10.8.21 (trustees Zoom); 18.8.21 (SSF Zoom); 20.8.21 (MDC Zoom); 25.9.21 (trustee meeting, Rutland Gate); 15.10.21 (Bayan Zoom); 27.10.21 (restructure meeting); 16.11.21 (trustees Zoom); 26.11.21 (SSF Zoom); 2.2.22 (trustee discussion with Anousha Vahdaty); 15.2.22 (trustee prep meeting for National Assembly of Baha’is of UK consultation); 18.2.22 (SSF Zoom); 19.2.22 (consultation with National Assembly of Baha’is of UK); 4.3.22 (trustee consultation on new job advert); 15.3.22 (trustee meeting); 15.3.22 (Bayan Zoom)
Trustees : Paddy O’Mara, Arezoo Farahzad (Chair), Helena Hastie (Treasurer), Mark Habibi (Executive Officer), Paul Caprez
Active volunteers : Kawawa Chitiya (BASED UK website). The contribution of Arhinful & Rishta Ansah was gratefully noted in preparing the Independent Examiners Report for the financial year.
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Charity Name BASED-UK |
Charity Name BASED-UK |
Charity Name BASED-UK |
|---|---|---|---|
| 31 March 2022 | Charity no (if any) |
1029888 | |
| (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 year ended 31/03/2022 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns 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 words in the brackets if they do not apply.
Date: 16 Dec 2022 Signed: Name: Arhinful Ansah
Association of Chartered Certified Accountant (ACCA) Affiliate
Relevant professional qualification(s) or body (if any):
Address: 45 Tower Road
Belvedere DA17 6HX
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .