BASED-UK Annual Report April 2022-March 2023
The trustees continued to support two projects throughout the year, the Setsembiso Sebunye Foundation in Eswatini and the Bayan Association in Honduras.
Fundraising was undertaken during the year, with a total of £76,250 being received in donations and grants.
£75,065 was disbursed to the Bayan Association and £11,000 to SSF.
Charitable overheads were £3,283 which represents less than 5% of income.
There was an in-year deficit of £13,000 which was made up from the charity reserves.
The balance at the end of the year was £9,011.
The trustees are very grateful for all of the support received from individuals, charities, businesses and community groups who offered financial assistance or volunteering services.
Management Report
BASED-UK
For the period ended March 31, 2023
Prepared by
Serenity Bookkeeping Devon
Prepared on 15 January 2024
For management use only
Table of Contents
Financial Activities...........................................................................................................................................3 Balance Sheet .................................................................................................................................................4 Statement of Cash Flows ................................................................................................................................5
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Financial Activities
April 2022 - March 2023
| Financial Activities April 2022 - March 2023 |
|
|---|---|
| Total | |
| INCOME | |
| 4000 Individual donations - SO | 5,092.00 |
| 4001 Donations - one off | 1,760.25 |
| 4002 LSA / group donations | 480.00 |
| 4006 Bayan Campaign | 4,553.75 |
| 4007 Eswatini Campaign | 765.00 |
| 4010 Business donations | 3,000.00 |
| 4100 Grant Income | 14,349.15 |
| 4101 Grants - BIDO | 45,320.00 |
| Total 4100 Grant Income | 59,669.15 |
| 4200 Gift Aid Income | 228.75 |
| 4300 Amazon Smile Income | 187.06 |
| 4305 Easy Fundraising Income | 57.77 |
| 4310 PayPal Income | 557.02 |
| Total Income | 76,350.75 |
| COST OF SALES | |
| 5000 Setsembiso Foundation Grants | 11,000.00 |
| 5002 Bayan Association Grants | 75,065.00 |
| Total Cost of Sales | 86,065.00 |
| TOTAL | -9,714.25 |
| EXPENDITURES | |
| 7000 Executive Officer Costs | 86.00 |
| 7001 Network Coordinator Costs | 2,362.20 |
| 7400 Memberships | 178.00 |
| 7406 Computer Costs | 175.20 |
| 7505 Website Costs | 294.18 |
| 7600 Travel and Accommodation | 93.15 |
| 7901 Paypal Fees | 97.09 |
| Total Expenditures | 3,285.82 |
| NET OPERATING INCOME | -13,000.07 |
| NET INCOME/(EXPENDITURE) | £ -13,000.07 |
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BASED-UK
Balance Sheet
As of March 31, 2023
| Balance Sheet As of March 31, 2023 |
|
|---|---|
| Total | |
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| 1200 Barclays Current Account | 8,589.65 |
| 1201 PayPal Account | 422.07 |
| Total Cash at bank and in hand | 9,011.72 |
| NET CURRENT ASSETS | 9,011.72 |
| NET CURRENT ASSETS(LIABILITIES) | 9,011.72 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 9,011.72 |
| TOTAL NET ASSETS (LIABILITIES) | £9,011.72 |
| CHARITY FUNDS | |
| Opening Balance Equity | 7,298.04 |
| Retained Earnings | 14,713.75 |
| Surplus/(Deficit) | -13,000.07 |
| Total Charity funds | £9,011.72 |
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BASED-UK
April 2022 - March 2023
Statement of Cash Flows
| Statement of Cash Flows April 2022 - March 2023 |
|
|---|---|
| Total | |
| OPERATING ACTIVITIES | |
| Net Income | -13,000.07 |
| Adjustments to reconcile Net Income to Net Cashprovided byoperations: | 0.00 |
| Net cashprovided by operating activities | -13,000.07 |
| NET CASH INCREASE FOR PERIOD | -13,000.07 |
| Cash at beginningofperiod | 22,011.79 |
| CASH AT END OF PERIOD | £9,011.72 |
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BASED-UK
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name BASED-UK
On accounts for the year 31 March 2023 Charity no ended (if any)
Set out on pages
(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 / 03/2023 .
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the 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.
Signed: Name: Arhinful Ansah
Date: 15 Jan 2024
Relevant professional Association of Chartered Certified Accountant (ACCA) Affiliate
1
Oct 2018
IER
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 .
2
Oct 2018
IER