PHONE- DIGf13 9519gO
TRODucrAoli
Act 2011, togetherwith the AccoJJnts the year: and confiuD that tbe latter comply the
Tequt of tbe Act and SORP 'AccoimtiDgand RepDrtiDgBy Clwities" (FRS102)
The fmallci Stateanent has beell pryTed in accordance vrith the 2ccouDting policies set out tin the
notes to tbe accout)ts 2nd cOllty tbe Charitses. governing documenL The Charities Act 2011
ana Ac¢oumiDE aBd Reportsng by c111]eS. Siatemellt of Reconllnended Pra¢tsce app]icable lo
iD the UK and Repub]ic Of ITelaDd pub]is]Jed on 16th Joty 2014 (as adedbY Up3ate Bulletin I
published *Jn 200 February 2016)
In setting our obiectryes aDd providiDg seThices our Trustees have careful considerntionto the
To adyallc¢ the CFa]stI Reli{ amongst thilthen ID Afiica
To advance the etI4)n of suth 1]d[ell
To Telieye cknldren and thewid¢r I[nInWhO are in conditions ofDee¢ bbIp. éisl
or 31]n
ORGNIsATIo
Thc Chlty mLst lthve a board of TnWees ofbetween J aoa i J Tn]stees. W¢ CLUhaVe 7
Trustees OD the Board. The CLMTent Board meet re_2ularly kn admi the Charity. Eli72beth
L8d03¥ne has bea] appointed as Fu]] tnne Athninthtor alld the day to day nymiog of
the office with the guidance aDd iJJ]pth of all Tn
no.03828538 and TCered as Ch&ItyNuDjb 107W51
wrrH GOD ALL THINGS ARE POSSIBLE
furth roles slue to Lbe hcalth of George Wlllard and the r¢5uIt of Rosemary Willard now beinga
filll time c4Rr foT George, any Hotrl Accomllumknon QT otber trave]ing exp irA the UK o
behalfofihe Cknity is agreed by all Tnstee&
Under the mem0Th]d and Articles of theAs5OCiatio the Charitybs the FWer to nlake aj
li•
TRUSIEES RESPONSIBILrrES
preparing the Tj5 atllnjal Report and tbe FUw)r] se}eJft accordaDce with app]ic8ble 3aw
Practice)
give5 atrue fzirviesv ofthe state ofaffairs ofthe cbjitable compryzod of the 3nCoJ]]i.
State "bether appli£]e UK Ac0)IlDti Stsntsrds havebeen followe¢ to aJry7nateri2]
Th¢ Tjustees are reSpO7)le forkecpitig adequth accouniing records tbat disclose Yv&8onable
accuracy at Z[)y11C the fmancial position ofthe c]Mritsblc company and enabl¢ to e]Is]e that
the financia] stateents coll¥ly with the Companies Act 2006. They aTC also responsJl)le foT
The objective5 of the Charity have been achie¥ed by Don2tions aod th¢ S}D$0h1p of chilthen in
Ugand& Some of the good Tr,rf. done by tbe Cknity is made p]3b]ic on the c1tIeS wthite which
Izn be f(7ulld at 11lRI;"linLYtI"ifal£ii"L.Ll).uk"
During the year the Cbarities obiectivesweremet with the majority of fimds Eoing to Uganda for
housiDg hzs been built on the ]aryL
Thc Twstco% contille to visit ovo5ee fttriheTpfDjects undertaken and the
conwletion of Barosjey home s1 fiutberwork on the new Jaiia GeoTge Health C¢ntre aDd Boys
home extl0]L The Ch&ity wlll continue to collect C]othes. Shoe4 School iiniforn)s and
Ethi(*ional Materia]s to lake and ship to Ugall
C¢)J)sideJ*ioDs include el]i]ity, peJsonal coJDpetenc4 speoa]ist skills and avai]abi]ity New
are inducted in to Ihe worknw of the fftity by existino rnemtE of the Board ill the UK
2nd by trkillg all aclive role whllst OD visits to Ugdnd& All Tntste requir to prothjce a va]id
RES£RV£S POLICY
The TLeeS are invofved in the ty to day oJ)eTrtioL8 ofthe CIttTity to such an extent tbattbeya
They also have eL]ned other operational b1n iisks faced by the charity and coJ)firm that they
The Tn]rtees Imve PrepthiS report in accothce with tb¢ SEIal provisions of part 15 oftb¢
Co&1]eS Act 20D6 Trlatiog to SLDa]J coDJFaui&s. The TTEWees psent their report fw tbe year
Sigued on bel)a]fof the Board
131fj1 ZoL4-
wrrH GOD ALL THINGS ARE POSSIBLE
**REGISTERED COMPANY NUMBER: 03828538 (England and Wales) REGISTERED CHARITY NUMBER: 1079952**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **FOR**
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
**ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
The Trustees present their Annual Report for the year ending 31st August 2023 under the Charities Act 2011, together with the Accounts for the year, and confirm that the latter comply with the requirements of the Act and SORP 'Accounting and Reporting By Charities' (FRS102)
The Financial Statement has been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charities' governing document, The Charities Act 2011 and Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Of Ireland published on 16th July 2014 (as amended by Update Bulletin 1 published on 2nd February 2016)
## **OBJECTIVES AND ACTIVITIES**
In setting our objectives and providing services our trustees have given careful consideration to the Charity Commission's guidance on public benefit. Our objectives are:
- to advance the Christian religion amongst children in Africa;
- to advance the education of such children; and
- to relieve such children and the wider community who are in conditions of need, hardship, distress or illness.
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of Activities**
The objectives of the charity have been achieved by Donations and the sponsorship of children in Uganda. Some of the good work done by the charity is made public on the charities website which can be found at www.africawithlove.co.uk
During the year the charitiy's objectives were met with the majority of funds going to Uganda for the betterment of the schools and children. Barnsley home was further extended and now has children staying in the new extension. The dinning room and kitchen are now completed. New staff housing has been built on the land.
## **FINANCIAL REVIEW**
## **Reserves Policy**
The trustees will endeavour to maintain sufficient general funds to cover the day to day management costs, whilst releasing the maximum possible sums to fund the sponsored children and projects, as and when required from the general funds available. At the year end, the charity held reserves of £126,463 (2022: £129,147).
The charity had incoming resources of £85,089 (2022: £86,241). During the year, £87,773 (2022: £83,735) was spent aiding children in Africa, helping to achieve the objectives of the charity with the majority of funds going to the betterment of the schools and children.
## **FUTURE DEVELOPMENTS**
The Trustees will continue to visit Uganda to oversee further projects undertaken and the completion of Barnsley home and further work on the new Jajja George Health Centre and Boys home extension. The charity will continue to collect clothes, shoes, school uniforms and educational materials to take and ship to Uganda.
Page 1
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity must have a board of Trustees of between 3 and 11 Trustees. we currently have 7 Trustees on the board. The current board meet regularly to administer the charity. Elizabeth Lansdowne has now been appointed as full time administrator and runs the day to day running of the office with the guidance and input of all Trustees.
The organisation is a charitable company limited by guarantee, incorporated on 19th August 1999 no. 03828538 and registered as a charity no. 1079952.
The administration of the charity is undertaken exclusively by Elizabeth Lansdowne, who has taken on further roles due to the health of George Willard and the result of Rosemary Willard now being a full time carer for George Willard.
Expenses for travel to Africa for Trustees and Elizabeth Lansdowne, such as any hotel accommodation or other travelling expenses in the UK on behalf of the charity is agreed by all Trustees.
## **TRUSTEES RESPONSIBILITIES**
The Trustees (who are also the Directors for the purposes of company law) are responsible for preparing the Trustees Annual Report and the Financial Statement in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
Company Law requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year.
In preparing these financial statements, the Trustees are required to;
- Select suitable accounting policies and apply them consistently
- Observe the methods and principles in the Charities SORP FRS102
- Make judgement and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards have been followed, subject to any material departures
- disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
- company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
03828538 (England and Wales)
## **Registered Charity number**
1079952
## **Registered office**
2 Drury Close Bowthorpe Norwich NR5 9DD
## **Trustees**
A M Goldsmith D G Goldsmith K A Lansdowne G Willard R H Willard H C Wilson R H Wilson
## **Company Secretaries**
R H Willard E H Lansdowne
Page 2
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
## **Bankers**
Barclays Bank Plc The Old Bank, High Street Lewes East Sussex BN7 2JP
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ R H Willard - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **Independent examiner's report to the trustees of Association for Reaching & Instructing Children in Africa ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Colin Young BA FCA
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
Date: .............................................
Page 4
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 22,924 62,165 85,089 86,241
EXPENDITURE ON
Charitable activities
Sponsorship 21,764 66,009 87,773 83,735
NET INCOME/(EXPENDITURE) 1,160 (3,844) (2,684) 2,506
Transfers between funds 11 (4,254) 4,254 - -
Net movement in funds (3,094) 410 (2,684) 2,506
RECONCILIATION OF FUNDS
Total funds brought forward 128,657 490 129,147 126,641
TOTAL FUNDS CARRIED FORWARD 125,563 900 126,463 129,147
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **BALANCE SHEET 31 AUGUST 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 133,976 - 133,976 135,893
CURRENT ASSETS
Cash at bank 258 900 1,158 634
CREDITORS
Amounts falling due within one year 10 (8,671) - (8,671) (7,380)
NET CURRENT ASSETS (8,413) 900 (7,513) (6,746)
TOTAL ASSETS LESS CURRENT LIABILITIES 125,563 900 126,463 129,147
NET ASSETS 125,563 900 126,463 129,147
FUNDS 11
Unrestricted funds 125,563 128,657
Restricted funds 900 490
TOTAL FUNDS 126,463 129,147
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
R H Willard - Trustee
The notes form part of these financial statements
Page 6
**ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. STATUTORY INFORMATION**
Association for Reaching & Instructing Children in Africa is a charitable company, limited by guarantee, registered in England and Wales. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operations and principal activities are the advancement of the Christian religion and education of children in Kyjubira, Uganda, and to relieve such children from hardship, distress and illness.
The financial statements are presented in sterling (£).
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Support costs**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost Fixtures and fittings - 33% on cost, 20% on cost and 15% on reducing balance
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
**ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **2. ACCOUNTING POLICIES - continued**
## **Donated services**
The contribution of unpaid volunteers cannot be measured reliably. Therefore, the contribution is not included in the financial statements.
## **3. GRANTS PAYABLE**
|**GRANTS PAYABLE**||||
|---|---|---|---|
|Sponsorship||**2023**
**£**
**53,719**|2022
£
49,776|
|The total grants paid to individuals during the year was as follows:
Sponsorship and Donations||**2023**
**£**
**53,719**|2022
£
49,776|
|**SUPPORT COSTS**
Sponsorship|Management
£
**30,214**|Governance
costs
£
**3,840**|Totals
£
**34,054**|
|Support costs, included in the above, are as follows:
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Travelling expenses
Bank charges
Subscriptions
Donations
Depreciation of tangible and heritage assets
Interest payable and similar charges
Independent examiner remuneration||**2023**
Sponsorship
**£**
**11,600**
**480**
**-**
**829**
**598**
**3,404**
**102**
**4,976**
**28**
**328**
**230**
**7,639**
**-**
**3,840**|2022
Total
activities
£
**10,800**
**-**
**42**
**220**
**554**
**3,626**
**4,924**
**2,013**
**-**
**279**
**-**
**7,478**
**243**
**3,780**|
|||**34,054**|**33,959**|
## **4. SUPPORT COSTS**
Page 8
continued...
**ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|£|£|
|Independent examiner fee|3,840|3,780|
|Depreciation - owned assets|7,639|7,478|
**----- End of picture text -----**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
## **Trustees' expenses**
In the year ended 31 August 2023 there were expenses reimbursed to the company secretary totalling £88 (2022: £78).
## **7. STAFF COSTS**
## **8.**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|2023|2022|
|£|£|
|Wages and salaries|11,600|10,800|
|11,600|10,800|
|The average monthly number of employees during the year was as follows:|
|2023|2022|
|Administration|1|1|
|No employees received emoluments in excess of £60,000.|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|25,412|60,829|86,241|
|EXPENDITURE ON|
|Charitable activities|
|Sponsorship|16,175|67,560|83,735|
|NET INCOME/(EXPENDITURE)|9,237|(6,731)|2,506|
|Transfers between funds|(4,822)|4,822|-|
|Net movement in funds|4,415|(1,909)|2,506|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|124,242|2,399|126,641|
|TOTAL FUNDS CARRIED FORWARD|128,657|490|129,147|
**----- End of picture text -----**
Page 9
continued...
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2022
Additions
At 31 August 2023
**DEPRECIATION**
At 1 September 2022
Charge for year
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN**
Accruals and deferred income
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund projects
Restricted fund sponsorship
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund projects
Restricted fund sponsorship
**TOTAL FUNDS**|**ONE YEAR**
At 1.9.22
£
**128,657**
**-**
**490**
**490**
**129,147**
as follows:|Freehold
property
£
**156,330**
**5,251**
**161,581**
**20,948**
**7,314**
**28,262**
**133,319**
135,382
Net
movement
in funds
£
**1,160**
**(4,254)**
**410**
**(3,844)**
**(2,684)**
Incoming
resources
£
**22,924**
**3,060**
**59,105**
**62,165**
**85,089**|Fixtures
and
fittings
Totals
£
£
**28,851**
**185,181**
**471**
**5,722**
**29,322**
**190,903**
**28,340**
**49,288**
**325**
**7,639**
**28,665**
**56,927**
**657**
**133,976**
511
135,893
**2023**
2022
**£**
£
**8,671**
7,380
Transfers
between
At
funds
31.8.23
£
£
**(4,254)**
**125,563**
**4,254**
**-**
**-**
**900**
**4,254**
**900**
**-**
**126,463**
Resources
Movement
expended
in funds
£
£
**(21,764)**
**1,160**
**(7,314)**
**(4,254)**
**(58,695)**
**410**
**(66,009)**
**(3,844)**
**(87,773)**
**(2,684)**|
|---|---|---|---|
Page 10
continued...
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.9.21
in funds
£
£
**Unrestricted funds**
General fund
124,242
9,237
**Restricted funds**
Restricted fund projects
2,399
(7,221)
Restricted fund sponsorship
-
490
2,399
(6,731)
**TOTAL FUNDS**
126,641
2,506
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
25,412
**Restricted funds**
Restricted fund projects
-
Restricted fund sponsorship
60,829
60,829
**TOTAL FUNDS**
86,241|Transfers
between
At
funds
31.8.22
£
£
(4,822)
128,657
4,822
-
-
490
4,822
490
-
129,147
Resources
Movement
expended
in funds
£
£
(16,175)
9,237
(7,221)
(7,221)
(60,339)
490
(67,560)
(6,731)
(83,735)
2,506|
|---|---|
The sponsorship fund represents monies given specifically to sponsor a student and the expenses associated with this.
The projects fund represents funds for building works.
The unrestricted fund is available for future use at the discretion of the trustees.
## **Transfers between funds**
During the year, funds were transferred from the unrestricted reserves to make up the deficit on the restricted projects reserve.
## **12. RELATED PARTY DISCLOSURES**
During the year, the charity received unconditional donations from trustees amounting to £6,800 (2022: £12,508).
During the year, the charity paid a salary to E H Lansdowne, a close family member of three of the trustees, of £11,600 (2022: £10,800)
Page 11
## **ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
**----- Start of picture text -----**
2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 27,850 37,295
Grants 7,000 -
Sponsorship 50,239 48,946
85,089 86,241
Total incoming resources 85,089 86,241
EXPENDITURE
Charitable activities
Grants to individuals 53,719 49,776
Support costs
Management
Wages 11,600 10,800
Rates and water 480 -
Insurance - 42
Light and heat 829 220
Telephone 598 554
Postage and stationery 3,404 3,626
Sundries 102 4,924
Travelling expenses 4,976 2,013
Bank charges 28 -
Subscriptions 328 279
Donations 230 -
Depreciation of tangible and heritage assets 7,639 7,478
Loan - 243
30,214 30,179
Governance costs
Independent examiner remuneration 3,840 3,780
Total resources expended 87,773 83,735
Net (expenditure)/income (2,684) 2,506
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This page does not form part of the statutory financial statements
Page 12
**Association For Reaching & Instructing Children In Africa 2 Drury Close Bowthorpe Norwich NR5 9DD Registered number: 03828538 (England & Wales) Charity number: 1079952**
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
Dear Sirs,
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 August 2023. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief.
## **General**
- 1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
- 2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
- 3 We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 August 2023 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
- 4 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
- 5 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.
- 6 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
- 7 The financial statements are free of material misstatements, including omissions.
- 8 The effects of uncorrected misstatements are immaterial both individually and in total.
- 9 During the year, cash of £13,800.00 was withdrawn from the bank prior to going to Uganda to convert at a favourable exchange rate in Uganda. This cash was spent in Uganda on food for the school, help with staff wages and any other works that are required to be completed.
10 No complaints or safeguarding issues have occurred in the year to 31 August 2023.
## **Assets and liabilities**
- 11 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.
- 12 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
- 13 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
## **Accounting estimates**
- 14 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
- 15 We confirm that the estimated useful economic life of the freehold buildings has been revised from infinite to 20 years and that freehold buildings are now depreciated over 20 years.
## **Loans and arrangements**
- 16 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
## **Legal claims**
- 17 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.
## **Laws and regulations**
- 18 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
## **Related parties**
- 19 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
## **Subsequent events**
- 20 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **Going concern**
- 21 We believe that the charitable company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company's ability to continue as a going concern need to be made in the financial statements.
## **Grants and donations**
- 22 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. Grants are received in the term to which they relate and there were no outstanding amounts or amounts paid in advance at the year end. There were no clawbacks of grants after the year end.
Yours faithfully
.............................................................................................................................. R Willard - Trustee
On behalf of the board of trustees