Association For Reaching and Instructing Children In Africa Trustees Annual Report
INTRODUCTION
The Trustees present their Annual Report for the year ending 31[st] August 2024 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 tin 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 16[th] July 2014 (as amended by Update Bulletin 1 published on 2[nd] February 2016)
OBJECTS OF THE CHARITY
In setting our objectives and providing services our Trustees have given careful consideration to the Charity Commisions’ general guidance on public benefit. Our objectives are;
To advance the Christian Religion amongst children in Africa To advance the education of such Children
To relieve such children and the wider community who are in conditions of need, hardship, distress or illness
ORGANISATION
The Charity must have a board of Trustees of between 3 and 11 Trustees. We currently have 6 Trustees on the Board and looking to appoint 1 further Trustee in the forth coming year. The current Board meet regularly to administer the Charity. Elizabeth Lansdowne continues as Full time Administrator and runs the day to day running of the office with the guidance and input of George and Rosemary Willard and the Trustees.
The organisation is a charitable company limited by guarantee, incorporated on 19[th] August 1999 no.03828538 and registered as Charity Number 1079952.
The administration of the Charity is undertaken almost exclusively by Elizabeth Lansdowne. Expenses for travel to Africa by Trustees, also including 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, any Hotel Accommodation or other travelling expenses in the UK on behalf of the Charity is agreed by all Trustees.
INVESTMENT POWERS
Under the Memorandum and Articles of the Association, the Charity has the power to make any investment in which the Trustees see fit
TRUSTEES RESPONSIBILLITIES
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 fore 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 judgments 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
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 Charities objectives were met with the majority of funds going to Uganda for the betterment of the Schools and Children. ~The Dining Room was fully completed and new cooking stoves were purchased. General repairs were carried out to the School buildings and part of the land has been developed for growing more crops to supply the school with extra food.
FUTURE DEVELOPMENTS
The Trustees will continue to visit Uganda to oversee further projects undertaken and the to see the continued building work, further work on the new Jajja George Health Centre. The Charity will continue to collect Clothes, Shoes, School Uniforms and Educational Materials to take and ship to Uganda.
RECRUITMENT AND TRAINING OF TRUSTEES
New Trustees are appointed of the basis of nominations received by Board members. Considerations include eligibility, personal competence, specialist skills and availability New Trustees are inducted
in to the workings of the Charity by existing members of the Board in the UK and by taking an active role whilst on visits to Uganda. All Trustees are required to produce a valid DBS Record Check and are given a copy of the Trustees code and previous Accounts.
RESERVES POLICY
The Trustees will endeavour to maintain sufficient general funds to cover the day to day running costs of the office, whilst releasing maximum possible funds to fund the sponsored children and projects stated, as and when required from General funds available.
RISK MANAGEMENT
The Trustees actively review the major risks which the Charity faces on a regular basis.
The Trustees are involved in the day to day operations of the Charity to such an extent that they are aware of maintaining certain levels of funding to ensure resources are available t continue operating. They also have examined other operational business risks faced by the charity and confirm that they have established systems to mitigate significant risks.
The Trustees have prepared this report in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. The Trustees present their report for the year compliance with the Statement of Recommended Practice Accounting and Reporting by Charities
On behalf of the Board of Trustees
……………………………………………………..
George Willard Founder/Director
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 2024
FOR
ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
Galloways Accounting Limited 15 West Street Brighton East Sussex BN1 2RL
ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| 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 2024
The Trustees present their annual Report for the year ending 31st August 2024 under the Charities Act 2011, together with the Accounts for this 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 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 Commissions general guidance on public benefit. Our objectives are:
-
To advance the Christian Religion among Children in Africa
-
To advance the Education and Health of such children
-
To relieve such children and the wider community who are in conditions of need, hardship, poverty, distress and sickness.
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 Charity's objectives were met with the majority of funds going to Uganda for the betterment of the Schools and children.
The Dining Room was fully completed and new cooking stoves were purchased.
General repairs were carried out to the School buildings and part of the land has been developed for growing more crops to supply the School with extra food.
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 £128,507 (2023: £126,463).
The charity had incoming resources of £85,054 (2023: £85,089). During the year, £83,010 (2023: £87,773) 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 who are able, will continue to visit Uganda to oversee further projects undertaken and to see the continued building work and the continuation of the Jajja George Health Centre.
The Charity will continue to collect clothes, shoes, school uniforms and educational materials to take and to ship to Uganda.
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity must have a Board of Trustees of between 3 and 11 Trustees. We currently have 6 Trustees on the Board and are looking to appoint 1 further Trustee in the coming year. The current Board meet on a regular basis to discuss and plan for the future of the Charity.
Elizabeth Lansdowne continues as Full Time Administrator and deals with the day to day running of the office, being in daily contact with our School Director and dealing with all sponsorship needs. She does so under the guidance of all Trustees.
The organisation is a charitable company limited by guarantee, incorporated on 19th August 1999. Number 03828538 and registered as Charity Number 1079952.
The administration of the Charity is undertaken almost exclusively by Elizabeth Lansdowne with input from the Directors and Trustees. Elizabeth travels to Uganda 3 times a year, including February leading a team of Sponsors, for each School term to check on the ongoing building work, welfare of the staff and children and to administer shop orders from sponsors and to hold meetings with the Administration of the School to discuss any problems, needs and forward plans.
The funding of flights and accommodation for Elizabeth is agreed by the 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 Statements 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
-
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 (resigned 1/12/2024) D G Goldsmith (resigned 1/12/2024)
K A Lansdowne H C Wilson R H Wilson P A Thomas (appointed 1/2/2025) R H Willard G Willard
Company Secretaries
R H Willard E H Lansdowne
Independent Examiner
Galloways Accounting Limited 15 West Street Brighton East Sussex BN1 2RL
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
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 2024.
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:
-
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
-
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
-
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 Limited 15 West Street Brighton East Sussex BN1 2RL
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 2024
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,018 68,036 EXPENDITURE ON Charitable activities Sponsorship 20,399 62,611 NET INCOME/(EXPENDITURE) (3,381) 5,425 RECONCILIATION OF FUNDS Total funds brought forward 125,563 900 TOTAL FUNDS CARRIED FORWARD 122,182 6,325 |
2024 Total funds £ 85,054 83,010 2,044 126,463 128,507 |
2023 Total funds £ 85,089 |
|---|---|---|
| 87,773 | ||
| (2,684) 129,147 |
||
| 126,463 |
The notes form part of these financial statements
Page 5
ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
BALANCE SHEET 31 AUGUST 2024
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 9 134,181 - CURRENT ASSETS Cash at bank - 6,325 CREDITORS Amounts falling due within one year 10 (11,999) - NET CURRENT ASSETS (11,999) 6,325 TOTAL ASSETS LESS CURRENT LIABILITIES 122,182 6,325 NET ASSETS 122,182 6,325 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 134,181 6,325 (11,999) (5,674) 128,507 128,507 122,182 6,325 128,507 |
2023 Total funds £ 133,976 1,158 (8,671) |
|---|---|---|
| (7,513) | ||
| 126,463 | ||
| 126,463 | ||
| 125,563 900 |
||
| 126,463 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 2024
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.
Voluntary income is received by way of donations and sponsorships and is included in full in the Statement of Financial Activities when receivable.
Income received from Grants are recognised when the charity has entitlement, after any related conditions have been met, 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.
Donated services
The contribution of unpaid volunteers cannot be measured reliably. Therefore, the contribution is not included in the financial statements.
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
3. GRANTS PAYABLE
| 3. | GRANTS PAYABLE | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Sponsorship | 52,997 | 53,719 | ||
| The total grants paid to individuals during the year was as follows: | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Sponsorship and Donations | ||||
| 52,997 | 53,719 | |||
| 4. | SUPPORT COSTS | |||
| Governance | ||||
| Management | costs | Totals | ||
| £ | £ | £ | ||
| Sponsorship | 25,693 | 4,320 | 30,013 | |
| Support costs, included in the above, are as follows: | ||||
| 2024 | 2023 | |||
| Total | ||||
| Sponsorship | activities | |||
| £ | £ | |||
| Wages | 12,000 | 11,600 | ||
| Rates and water | 617 | 480 | ||
| Light and heat | 688 | 829 | ||
| Telephone | 561 | 598 | ||
| Postage and stationery | 1,373 | 3,404 | ||
| Sundries | 176 | 102 | ||
| Computer expenses | 118 | - | ||
| Travelling expenses | 1,973 | 4,976 | ||
| Bank charges | 54 | 28 | ||
| Subscriptions | 324 | 328 | ||
| Donations | - | 230 | ||
| Depreciation of tangible and heritage assets | 7,809 | 7,639 | ||
| Independent examiner remuneration | 4,320 | 3,840 | ||
| 30,013 | 34,054 | |||
| 5. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Independent examiner fee | 4,320 | 3,840 | ||
| Depreciation - owned assets | 7,809 | 7,639 |
6. TRUSTEES' REMUNERATION AND BENEFITS Trustees' expenses
In the year ended 31 August 2024 there were expenses reimbursed to the company secretary totalling £nil (2023: £88).
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
7. STAFF COSTS
| 7. | STAFF COSTS | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Wages and salaries | 12,000 | 11,600 | ||
| 12,000 | 11,600 | |||
| The average monthly number of employees during the year was as follows: | ||||
| 2024 | 2023 | |||
| Administration | 1 | 1 | ||
| No employees received emoluments in excess of £60,000. | ||||
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 22,924 | 62,165 | 85,089 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Sponsorship | 21,764 | 66,009 | 87,773 | |
| NET INCOME/(EXPENDITURE) | 1,160 | (3,844) | (2,684) | |
| Transfers between funds | (4,254) | 4,254 | - | |
| Net movement in funds | (3,094) | 410 | (2,684) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 128,657 | 490 | 129,147 | |
| TOTAL FUNDS CARRIED FORWARD | 125,563 | 900 | 126,463 | |
| 9. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2023 | 161,581 | 29,322 | 190,903 | |
| Additions | 5,481 | 2,533 | 8,014 | |
| At 31 August 2024 | 167,062 | 31,855 | 198,917 | |
| DEPRECIATION | ||||
| At 1 September 2023 | 28,262 | 28,665 | 56,927 | |
| Charge for year | 7,624 | 185 | 7,809 | |
| At 31 August 2024 | 35,886 | 28,850 | 64,736 | |
| NET BOOK VALUE | ||||
| At 31 August 2024 | 131,176 | 3,005 | 134,181 | |
| At 31 August 2023 | 133,319 | 657 | 133,976 |
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 11) | 3,809 | - | |
| Accruals and deferred income | 8,190 | 8,671 | |
| 11,999 | 8,671 | ||
| LOANS | |||
| An analysis of the maturity of loans is given below: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Bank overdrafts | 3,809 | - | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/9/23 | in funds | 31/8/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 125,563 | (3,381) | 122,182 |
| Restricted funds | |||
| Restricted fund sponsorship | 900 | 5,425 | 6,325 |
| TOTAL FUNDS | 126,463 | 2,044 | 128,507 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,018 | (20,399) | (3,381) |
| Restricted funds | |||
| Restricted fund projects | 12,901 | (12,901) | - |
| Restricted fund sponsorship | 55,135 | (49,710) | 5,425 |
| 68,036 | (62,611) | 5,425 | |
| TOTAL FUNDS | 85,054 | (83,010) | 2,044 |
11. LOANS
12. MOVEMENT IN FUNDS
Comparatives for movement in funds
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/9/22 | in funds | funds | 31/8/23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 128,657 | 1,160 | (4,254) | 125,563 | |
| Restricted funds | |||||
| Restricted fund projects | - | (4,254) | 4,254 | - | |
| Restricted fund sponsorship | 490 | 410 | - | 900 | |
| 490 | (3,844) | 4,254 | 900 | ||
| TOTAL FUNDS | 129,147 | (2,684) | - | 126,463 |
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,924 | (21,764) | 1,160 | |
| Restricted funds | ||||
| Restricted fund projects | 3,060 | (7,314) | (4,254) | |
| Restricted fund sponsorship | 59,105 | (58,695) | 410 | |
| 62,165 | (66,009) | (3,844) | ||
| TOTAL FUNDS | 85,089 | (87,773) | (2,684) |
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, health centre projects and medicines.
The unrestricted fund is available for future use at the discretion of the trustees.
13. RELATED PARTY DISCLOSURES
During the year, the charity received unconditional donations from trustees amounting to £1,300 (2023: £6,800).
During the year, the charity paid a salary to E H Lansdowne, a close family member of three of the trustees, of £12,000 (2023: £11,600)
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ASSOCIATION FOR REACHING & INSTRUCTING CHILDREN IN AFRICA
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 38,288 | 27,850 |
| Grants | - | 7,000 |
| Sponsorship | 46,766 | 50,239 |
| 85,054 | 85,089 | |
| Total incoming resources | 85,054 | 85,089 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to individuals | 52,997 | 53,719 |
| Support costs | ||
| Management | ||
| Wages | 12,000 | 11,600 |
| Rates and water | 617 | 480 |
| Light and heat | 688 | 829 |
| Telephone | 561 | 598 |
| Postage and stationery | 1,373 | 3,404 |
| Sundries | 176 | 102 |
| Computer expenses | 118 | - |
| Travelling expenses | 1,973 | 4,976 |
| Bank charges | 54 | 28 |
| Subscriptions | 324 | 328 |
| Donations | - | 230 |
| Depreciation of tangible and heritage assets | 7,809 | 7,639 |
| 25,693 | 30,214 | |
| Governance costs | ||
| Independent examiner remuneration | 4,320 | 3,840 |
| Total resources expended | 83,010 | 87,773 |
| Net income/(expenditure) | 2,044 | (2,684) |
This page does not form part of the statutory financial statements
Page 12
INDEPENDEiif ExlINER REPORT TO THE TRUSTEES OF SSOCIATION FOR REACHING & INSTRIICTING CHILDREN IN AFRICA Independent axamlnérfs report to th• tftt of Aa¢ln for R•achfrng & 108lructlng Chlldrnn in Africa fth• Compan) I rèport lo the charity trustees on my examination of the accounts of the Company fLY the year ended 31 August 2024. RpOnsIbIlItIeS and ba31s of r•port As the charivs Iruslees of the Company {arl also its diredus for th& crf climpany law) ytyj are rewnsible for the pffjparation ol Ihe accourts in accordance wilh the requyements ofthe Cnl&S 2(Th fthe Acf). Hawng salSsfied myself that the a¢(xwnts of the Company are not required tr) a18 der Part 16 of the 2006 Acl and are ellgible for independanl ex8minatson. I retwt in of my eyamlnation of your than$ acoyjnts as carr18d out undèr Section 145 of the Charfties Act 2011 Cthe 2011 Acri. In carrying out my examinati I have folloMd the &"recllons given by the Chartty Ccrfnmisslon undèr Section 14515) Ibl of the 2011 Act. Independent examlneV• •tatsm•nt I havts completed my examination. I confirm thal no Matte have lo my attentkn In connbcuon lth th8 Oxamlnation givtng me cause to bgliev8.' accounllng reco ware rv)t kept In respect of th8 C(wnpwy as rèquiwl by Sec11 388 of the 2LX16 Act,. or the accounts do not accord those records., c the accounts do not comkly with the accounts'ng requTrments of Secath 396 of th9 2006 Act other than any requiroment that the accounts glve a Inje and falr vlèw Vthh is not a matt8r considered as part of an ind&pelent examination,. or the account$ have not been prepared in 8ccordan¢e th the meltKls and principl83 of tho Statement of Recommend&d Practlce for acUntIng and reporung by Chan1 (appCoble lo chanties prw)8ring thèir 8cmint8 in acrdan vthh the Fingn¢Sal Reporting Slwxlard ar¢dicabb in the UK arJ Rawt4k of Ir8kn1 (FRS 102)). I have no concerns and have com8 ac1¥ no other matters In cnects.0n examlnatth to attentlon should t drawn Ihl8 reFort In 0ft18r to anable a propèr uThJwslanding ol aenxmts b6 reacthed. Colln Young BA FCA Galloways Accountlng Llmlted 15 West Stre81 8righlon East Sussex BN1 2RL Date: .............................................