2020-12-31-accounts

Contents
			Page No.
Legal and administrative		information
Report of the	Trustees		2-3
Statement of	Trustees'	Responsibilities
Independent	report ofthe auditors
Statement of	Financial	Activities
Balance sheet
Notes forming	part ofthe financial statements		8-12

				General	Designated	Total	Total
				Funds	Funds	Funds	Funds
			Notes	2020 f	2020 f	2020 Z	2019 f
INCOME
Incoming resources from generated		funds
Voluntary income				81,023		81,023	100,550
Investment income - bank interest				104		104	324
Total income				jLL2Z			100874
EXPENDITURE
Costs ofactivities in furtherance	of
the Foundation's objects
Educational actiwties				3,700		3,TOO	23,472
Health activities				33,493		33,493
Activities to relieve poverty Governance costs &Advertising	Costs			25,79T		25,T97
Independent Examiner Fees			6	1,740		1,T40	1,920
Interest Paid							2
Total expenditure							25~39
Net income/expenditure before transfers				16,397		16,397	75,480
Transfers between funds
Net movement in Funds				16,397		16,397	75,480
Fund balances brought forward				111,522	2,000	113,522	36,042
Fund balances carried forward						129818	~11

		Notes	f	2020	f	f	2019
CURRENT ASSETS
Cash at bank			150,020			119,930
Debtor			16,500
			166,520			119,930
CREDITORS: AMIOUNTS	FALLING	DUE WITHIN
ONE YEAR
Grant commitments		4	(34,681)			(4,488)
Creditor		6	(1,920)			(1,920)
NET CURRENT ASSETS					129,919			113,522
CREDITORS: AMOUNTS	FALLING	DUE AFTER
INORE THAN ONE YEAR
Grant commitments		4
NET ASSETS								~113 22
UNRESTRICTED RESERVES
General funds					127,919			111,522
Designated funds					2,000			2,000
TOTAL FUNDS								13522

2	VOLUNTARY INCOME			2020	2019
				8	6
	Donations from Ghana International		Bank pic	81,023	100,000
	Donations from GHIB staff and directors				550
					100550
3	INSTITUTIONAL GRANTS PAYABLE
	Education			2020 f	2019 f
	Creating New Beginnings	(Matched	Funds)		1,100
	Creating New Beginnings			3,700	13,396
	Teach2Teach				10,000
	Exchange gains / losses	on grants	paid		(1,026)
	Total Education				23470
	Health			2020	2019
				8
	Cure International			15,265
	Korle Bu Teaching Hospital			18,228
	Total Health
	Reiief of Poverty			2020	2019
					E
	Community Legacy Initiative Programme			25,797
	Total Relief of Poverty
	Total Institutional Grants	Payable			~70

4	GRANT COMMITMENTS	GRANT COMMITMENTS	GRANT COMMITMENTS	GRANT COMMITMENTS
	Reconciliation		ofgrants		payable	2020	2019
							E
	Commitments		made	in the	year	62,990	24,498
	Commitments		retired	in 2020			(1,026)
	Total per note		3			62,990	23,472
	Commitments		at 1 January		2020	4,488	19,007
	Grants paid	in	the year			(32,797)	(37,991)
	Commitments	at 31		l3ecember 2020			4488
	Commitments	at 31		December 2020
	are payable	as	follows-
	Within one year After more than one			year		34,681	4,488
	Total Commitments
5.	Debtor
						2020f	2019 E
	Other debtor					16,500
	Total

GOVERNAN	CE &ADVERTISING COSTS
		2020	2019
		6	6
Independent	Examiner's Fees	1,740	1,920
Total			1 920
Other Creditor re Examiners Fees			~120

			General f	Designated f	Total
Balance	at 1January	2020	111,522	2,000	113,522
Incoming	resources		81,127		81,127
Expended	in the Year		(64,730)		(64,730)
Transfers
Balance	at 31 December 2020
			General f	Designated 6	Total F.
Balance	at 1 January	2019	36,042	2,000	38,042
Incoming	resources		100,324	550	100,874
Expended	in the Year		(24,294)	(1,100)	(25,394)
Transfers			(550)	550
Balance	at 31 December 2019

ANALY	SIS OF NET ASSETS BETWE	EN FUNDS
		General f	Designated	Total E
Current	Assets	164,520	2,000	166,520
Current	Liabilities	(36,601)		(36,601)
Balance	at 31 December 2020