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|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|





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





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|||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<br>funds|||||2,000|||2,000|
|TOTAL FUNDS||||||||13522|







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





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|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<br>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<br>After more than one|||year||34,681|4,488|
||Total Commitments|||||||
|5.|Debtor|||||||
|||||||2020f|2019<br>E|
||Other debtor|||||16,500||
||Total|||||||





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



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||||General<br>f|Designated<br>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<br>f|Designated<br>6|Total<br>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|||||





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



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