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|Trustees|||P N Szkiler||
|---|---|---|---|---|
||||ATaylor||
||||M Gianni||
||||M Christenson||
||||I Tanner||
||||LA Thompson||
||||A Proudfoot||
||||P Wenham||
||||B Corley||
|Secretary|||BHarber||
|Charity number|||1089505||
|Company|number||04247153||
|Registered||office|6th Floor||
||||60 Gracechurch|Street|
||||London||
||||EC3V OHR||
|Independent||examiner|Matthew
Burge|(FCA)|
||||Beavis Morgan|LLP|
||||82 StJohn Street||
||||London||
||||EC1M 4JN||
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||||Page|
|---|---|---|---|
|Trustees
report|||1-3|
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||7-16|
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|||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds||funds|funds||
||||||Notes|2020|2020|2020|2019
K|2019f|2019
E|
|Income from:||||||||||||
|Voluntary
income||||||22,638|110,897|133,535|12,060|18,240|30,300|
|Investments||||||55,496||55,496|49,113||49,113|
|Total income||||||78,134|110,897|189,031|61,173|18,240|79,413|
|Ex enditure
on:||||||||||||
|Raising funds||||||20,880||20,880|19,412||19,412|
|Charitable
activities||||||||||||
|Provision ofsupport|||||6|37,064|13,270|50,334|19,931|16,268|36,199|
|Total charitable|||expenditure|||37,064|13,270|50,334|19,931|16,268|36,199|
|Total resources||||||||||||
|expended||||||57,944|13,270|71,214|39,343|16,268|55,611|
|Net income for||the year/||||||||||
|Net incoming|resources|||||20,190|97,627|117,817|21,830|1,972|23,802|
|Other recognised||||gains|and|losses||||||
|Other gains or|losses||||12|355|(5,303)|(4,948)|(2,183)||(2,183)|
|Net movement||in funds||||20,545|92,324|112,869|19,647|1,972|21,619|
|Fund balances|at||1|||||||||
|August 2019||||||727,924|1,972|729,896|708,276||708,276|
|Fund balances||at 31||||||||||
|July 2020||||||748,469|94,296|842,765|727,923|1,972|729,895|
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||
|Fixed assets||||||||||
|Investments|||||13||937,725||889,446|
|Current assets||||||||||
|Investments||||||10,963||27,924||
|Cash at bank and||in|hand|||101,878||7,396||
|||||||112,841||35,320||
|Creditors:|amounts||falling due within|||||||
|one year|||||16|(207,801)||(194,871)||
|Net current|liabilities||||||(94,960)||(159,551)|
|Total assets less||current||liabilities|||842,765||729,895|
|Income funds||||||||||
|Restricted|funds||||17||94,296||1,972|
|Unrestricted|funds||||||748,469||727,923|
||||||||842,765||729,895|
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|4|Investments|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2020f|2019
f|
||Income from unlisted|investments||7,216||
||Interest receivable -|Non UK programme|related loans|48,280|49,113|
|||||55,496|49,113|
|5|Raising funds|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020f|2019f|
||~Fundraisin|||
||Staff costs|20,880|19,412|
|||20,880|19,412|
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|Charitable
activities|||
|---|---|---|
||Provision of|Provision
of|
||support|support|
||2020|2019|
||f||
|Impairment
of investments|10,963||
|Insurance|1,030|1,571|
|Books &Stationery||210|
|Telephone
& Internet|274|305|
|Computer
Software|298|319|
|Travel Expenses|1,463|624|
|Entertainment
Costs|554|887|
|Bank Charges|843|523|
|Publicity
&Outreach|472|591|
|Foreign Exchange Costs||561|
||15,897|5,591|
|Grant funding
ofactivities (see note 10)|26,467|24,668|
|Share ofsupport costs (see note 11)|7,970|5,940|
||50,334|36,199|
|Analysis
by fund|||
|Unrestricted
funds|37,064|19,931|
|Restricted funds|13,270|16,268|
||50,334|36,199|
|The average|monthly
number
ofemployees
during|the year was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Administrative|staff|||
|Employment|costs|2020
f|2019|
|Wages and salaries||20,880|19,412|
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|Grants payable|||
|---|---|---|
||Provision of|Provision of|
||support|support|
||2020|2019|
|||E|
|Grants to institutions;|||
|actb Sierra Leone Foundation|13,270|16,268|
|Other UK charities|3,500||
||16,770|16,268|
|Grants to individuals|9,697|8,400|
||26,467|24,668|
|||||||O||O|||||||
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##
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|12|Other gains or losses||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Unrestricted|
|||funds|funds|funds|
|||2020f|2020f|2019f|
||Foreign exchange gains|(355)|5,303|2,183|
|13|Fixed asset investments||||
|Fixed asset inves|tme|nts||||
|---|---|---|---|---|---|
||||Unlisted|Programme|Total|
||||investments|related loans||
||||f|||
|Cost or valuation||||||
|At 1 August 2019|||287,602|601,844|889,446|
|Additions
-capitalised||interest||48,279|48,279|
|At 31 July 2020|||287,602|650,123|937,725|
|Carrying
amount||||||
|At 31 July 2020|||287,602|650,123|937,725|
|At 31 July 2019|||287,602|601,844|889,446|
|Other investments|comprise:|||2020f|2019|
|Loans||||650,123|601,844|
##
|The charity
holds
more th
companies:|an
50'%%d|of the sh|are
capital,
or otherwise
excercies control
over the following|are
capital,
or otherwise
excercies control
over the following|are
capital,
or otherwise
excercies control
over the following|
|---|---|---|---|---|---|
|Name of Undertaking||Country|of Incorporation
Nature ofBusiness
Class
Held|||
|A Call to Business Trading
Resco (London) Limited *|(UK)|England
England|8 Wales
8 Wales|Dormant
Dormant|Ordinary
100'/0
Ordinary
100'/0|
|The aggregate
capital
and|reserves|and the|results|of subsidiaries
excluded|from consolidation
are show|
|below:||||||
|Name of Undertaking
A Call to Business Trading
Resco (London) Limited *|(UK)|Profit/(Loss)
fNil
fNil||Capital and Reserves
f100
(f532,992)|Date
As at 31 May 2020
As at 30April 2019|
##
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##
||||||
|---|---|---|---|---|
|15|Current asset investments||||
||||2020|2019|
||Loan notes||10,963|27,924|
|16|Creditors: amounts|falling due within one year|||
||||2020f|2019|
||Other creditors||201,261|188,331|
||Accruals and deferred|income|6,540|6,540|
||||207,801|194,871|
##
|||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|
|||Income|Expenditure|Balance at|Income|Expenditure|Balance at|
|||||1August 2019|||31July 2020|
|actb Foundation|Sierra|||||||
|Leone||18,240|(16,268)|1,972|110,897|(18,573)|94,296|
##
##
|18|Analysis|of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||fund|Fund||fund|Fund||
|||||2020|2020|2020|2019|2019|2019|
||||||F||F|||
||Fund balances at 31|||||||||
||July 2020|are||||||||
||represented
Investments||by:|937,725||937,725|889,446||889,446|
||Current assets/|||||||||
||(liabilities)|||(189,256)|94,296|(94,960)|(161,523)|1,972|(159,551)|
|||||748,469|94,296|842,765|727,923|1 972|729895|
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