Charity registration number 1089505
Company registration number 04247153 (England and Wales)
A CALL TO BUSINESS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
A CALL TO BUSINESS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr P N Szkiler Mr A R Taylor Mr M D Gianni Mr M C Christenson Mr I R Tanner Mrs L A Thompson Mr P G Wenham Mr B D Corley Secretary Mr B Harber Charity number 1089505 Company number 04247153 Registered office 6th Floor 60 Gracechurch Street London EC3V 0HR Independent examiner Matthew Burge (FCA) Beavis Morgan LLP Accountants, Business and Tax Advisers 82 St John Street London EC1M 4JN
A CALL TO BUSINESS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 18 |
A CALL TO BUSINESS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2024
The trustees present their report and financial statements for the year ended 31 July 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)".
Structure, governance and management
The charity is controlled by its governing document, a trust deed, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
A Call to Business was established as a registered charity on 27 November 2001 and a limited company on 5 July 2001. The Trustees have met regularly during the year to review progress and activities.
The trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr P N Szkiler Mr A R Taylor Mr M D Gianni Mr M C Christenson Mr I R Tanner Mrs L A Thompson Mr P G Wenham Mr B D Corley
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Affiliation
The charity is not affiliated to any other charity.
Trustee Induction and Training
There is no formal induction and training for Trustees. However, the existing Trustees inform a potential Trustee about the charity's mission before any appointment with a view to the potential Trustee helping to achieve the set goals and objectives of the charity. At least two Trustees' meetings are held in a year at which the Trustees are allowed to raise and discuss various issues.
Organisational Structure
The Trustees of the Charitable Company, are legally responsible for the overall governance and control and they come together at full Board meetings at least twice a year. Trustees are appointed for an unspecified period, any vacancies being filled by the selection and appointment of suitable persona by the Trustees.
Relationships with related parties
The Charity has a non-charitable subsidiary which is a dormant company.
Risk Management
The Trustees continuously seek to identify or review major risks to which the charity may be exposed on an ongoing informal basis, documenting them as appropriate. Once identified, systems and procedures for monitoring and mitigating risks are put into place.
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A CALL TO BUSINESS
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2024
Objectives and activities
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit and in deciding what activities the Charity should undertake.
The Charitable Company's Objectives, as set out in its Memorandum and Articles of Association, are the promotion of faith in the Lord Jesus Christ in the marketplace and, in particular:
-
to provide support to Christians working in the business sector through the provision of discipleship training courses, networking opportunities and by promoting the establishment of prayer groups;
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to organise talks, seminars and other evangelistic events aimed at making known the gospel of Jesus Christ to business people; and
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to promote the importance of family and accordingly to encourage businesses to support working
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practices which enable individuals to strike a healthy balance.
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To provide advice, resources and services to those affected by social and economic circumstances
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including the set up or administration of any educational establishments.
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To develop and maintain development projects in small scale economic developments including the establishment of a credit union or other microfinance initiatives.
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To establish mentoring programmes to equip people for life and to provide programmes to help the
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reintegration of marginalised and excluded peoples back into society.
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To facilitate encourage and empower men and women into work through the provision of various support initiatives.
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To develop, equip and empower people to be people of integrity in order to face the challenges associated with their roles in society.
Achievements and performance
A Call to Business has continued to network with Christian business people seeking to apply their faith in and through business. Much of the organisation’s resource and efforts have been channelled toward the development work in Sierra Leone.
The charity continues to provide mentoring and support to businesses and a rural community programme in Sierra Leone. During the year donations were received by the organisation to further develop its rural community development project in Rogbere, Sierra Leone. This funding is being deployed to expand the school facilities, enhance the orphanage and establishing a football academy. The focus of the charity remains to fund the ongoing work in Sierra Leone and much effort is being made to stimulate donor funding from the UK for this purpose.
Financial review
Overall position:
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Total incoming resources of £539,012 (2023: £159,182)
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Total outgoing resources of £304,834 (2023: £170,088); and
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Funds of £415,168 (2023: 190,046) at the balance sheet date.
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A CALL TO BUSINESS
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2024
Resources Policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The charity's unrestricted, free reserves (after excluding investments and liabilities that are not expected to fall due in 6 months) are (£184,663). As this is not sufficient to support the charity to meet the level of expenditure required to maintain the basic operation of the charity for between three and six months, financial support will be provided by Truestone Impact Investment Management Limited, a company owed by one of the Trustees, as and when necessary to ensure the charity is able to continue to operate and carry out the charity’s current activities.
The trustees' report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board of trustees
.............................. Mr P N Szkiler Trustee 30.05.2025 Dated: .........................
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A CALL TO BUSINESS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF A CALL TO BUSINESS report to the Iruslees (who are also Directors for the purpose of company lawl on my examination of the financial statements of A Call to Business ('Ihe charitable company,) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheel, and the notes to financial statements, including a summary of significant accounting policies. This report Is made solely lo the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might stale to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accepl or assume responsibility lo anyone other than the charity and the charity's trustees as a body, for my work, for thls report. or for the opinions I have formed. Responsibilities and basi5 of report As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act'l. Having satisfied Myself that the financial statements of Ihe charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l and in carrying out my examination I have followed all Ihe applicable Directions given by the Charity Commission under section 145{5)(bl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters Ihal an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial slalements present a 'Irue and fair, view and my report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statement I have completed my examination. I confirm that no material malters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the charitable company as required by section 386 of the 2006 Act., or the financial statements do not accord with those records-, or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'lrue and fair view which is not a matter considered as part of an independent examination., or the financial statements 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 1021. I have no concerns and have come across no other matters on connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Matthew Burge FCA Beavis Morgan LLP Accountants, Business and TaxAdvisers 82 St John Street London EC1M 4JN Dated: ..50 ..1•{.r
A CALL TO BUSINESS
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Voluntary income 3 110,491 427,795 Investments 4 726 - Total income 111,217 427,795 Expenditure on: Raising funds 5 - - Charitable activities Provision of support 6 21,828 283,006 Total charitable expenditure 21,828 283,006 Total resources expended 21,828 283,006 Amounts written off fixed asset investments 11 (7,569) - Net incoming/(outgoing) resources before transfers 81,820 144,789 Gross transfers between funds - - Net income/(expenditure) for the year/ Net incoming/(outgoing) resources 81,820 144,789 Other recognised gains and losses Other gains or losses 12 (1,487) - Net movement in funds 80,333 144,789 Fund balances at 1 August 2023 131,569 58,477 Fund balances at 31 July 2024 211,902 203,266 |
Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 538,286 15,058 144,076 159,134 726 48 - 48 539,012 15,106 144,076 159,182 - 100 - 100 304,834 20,184 149,804 169,988 304,834 20,184 149,804 169,988 304,834 20,284 149,804 170,088 (7,569) (200,645) - (200,645) 226,609 (205,823) (5,728) (211,551) - (2,230) 2,230 - 226,609 (208,053) (3,498) (211,551) (1,487) - - - 225,122 (208,053) (3,498) (211,551) 190,046 339,622 61,975 401,597 415,168 131,569 58,477 190,046 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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A CALL TO BUSINESS
BALANCE SHEET
AS AT 31 JULY 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Investments | 13 | 466,979 | 380,643 | |||
| Current assets | ||||||
| Debtors | 15 | 12,585 | 762 | |||
| Cash at bank and in hand | 13,938 | 118,143 | ||||
| 26,523 | 118,905 | |||||
| Creditors: amounts falling due within | ||||||
| one year | 16 | (78,334) | (309,502) | |||
| Net current liabilities | (51,811) | (190,597) | ||||
| Total assets less current liabilities | 415,168 | 190,046 | ||||
| Income funds | ||||||
| Restricted funds | 17 | 203,266 | 58,477 | |||
| Unrestricted funds | 211,902 | 131,569 | ||||
| 415,168 | 190,046 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
30.05.2025
The financial statements were approved by the Trustees on ....................................................... : Mr P N Szkiler
Trustee
Company Registration No. 04247153
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
Charity information
A Call To Business is a private company limited by guarantee incorporated in England and Wales. The registered office is 6th Floor, 60 Gracechurch Street, London, EC3V 0HR.
1.1 Accounting convention
The accounts have been prepared in accordance with the Companies Act 2006 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
The financial statements have been prepared on the basis that the fundamental accounting concept of going concern is applied. The Charity is expected to receive sufficient funds that will allow it to continue its operations for a period of at least 12 months from the approval date of these financial statements.
On the basis of the foregoing the Trustees consider that the going concern concept continue to be appropriate and has therefore been applied.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Grant income is recognised once unconditional entitlement to the funds has passed to the charity, i.e. at the later of receipt or the point that performance related conditions are met. If such conditions are partially fulfilled at the balance sheet date, such income is deferred and recognised as a creditor on a systematic basis consistent with the completion of performance related conditions.
1.5 Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(Continued)
1.6 Fixed asset investments
Unlisted equity investments are initially measured at transaction price and are subsequently measured at fair value at each reporting date. Fair value is determined by reference to the most recent transactions of the entities equity. Increases in fair value are recognised in other comprehensive income, decreases in fair value are recognised in profit and loss. Transaction costs are expensed to or as incurred. This treatment is permitted by FRS 102 and has been adopted to provide a true and fair view. It represents a departure from Companies Act 2006. Where there is deemed to be no reliable fair value, investments are carried at historical cost less impairment.
Debt investments held by the company are initially recognised at transaction price and subsequently at amortised cost.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from related parties, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(Continued)
1.10 Foreign exchange
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
1.11 Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Voluntary income
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 110,491 427,795 Grants receivable - - 110,491 427,795 Grants receivable for core activities King Baudouin Foundation - - - - |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 538,286 15,058 109,908 - - 34,168 538,286 15,058 144,076 - - 34,168 - - 34,168 |
Total 2023 £ 124,966 34,168 |
|---|---|---|
| 159,134 | ||
| 34,168 | ||
| 34,168 |
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
4 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable - Non UK programme related loans | 726 | 48 |
| Raising funds | ||
| Total | Unrestricted | |
| funds | ||
| 2024 | 2023 | |
| £ | £ | |
| Fundraising | ||
| Staff costs | - | 100 |
| - | 100 |
5 Raising funds
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
6 Charitable activities
| Provision of | Provision of |
|
|---|---|---|
| support | support | |
| 2024 | 2023 | |
| £ | £ | |
| Impairment of investments | 3,928 | - |
| Project expenditure (restricted) | 283,026 | 149,804 |
| Insurance | 1,165 | 989 |
| Computer Software | 1,004 | 725 |
| Travel Expenses | 3,899 | 2,720 |
| Bank Charges | 552 | 456 |
| Publicity & Outreach | 466 | 1,896 |
| Sundry expenses | 13 | - |
| 294,053 | 156,590 | |
| Grant funding of activities (see note 9) | 500 | - |
| Share of support costs (see note 10) | 10,281 | 13,398 |
| 304,834 | 169,988 | |
| Analysis by fund | ||
| Unrestricted funds | 21,828 | 20,184 |
| Restricted funds | 283,006 | 149,804 |
| 304,834 | 169,988 |
7 Employees
The average monthly number of employees during the year was:
| Administrative staff Employment costs Wages and salaries |
2024 Number - 2024 £ - |
2023 Number 1 |
|---|---|---|
| 2023 £ 100 |
There were no employees whose annual remuneration was more than £60,000.
8 Trustees
The Charity did not pay remuneration to any Trustee or key management personnel or reimburse expenses during the year (2023: £nil).
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
| 9 Grants payable Grants to institutions: Jonthree Trust Limited - |
2024 £ 500 |
|---|---|
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
10 Support costs
| Support costs Governance costs £ £ Accountancy 9,180 - Legal and professional fees 175 - Management fees - - Secretarial Fees 926 - 10,281 - Analysed between charitable activities: Provision of support 10,281 - |
2024 Support costs Governance costs £ £ £ 9,180 8,820 - 175 35 - - 3,600 - 926 943 - 10,281 13,398 - 10,281 13,398 - |
2023 Basis of allocation £ 8,820 Based on proportion of time spent on each charitable activity. 35 Based on proportion of time spent on each charitable activity. 3,600 Based on proportion of time spent on each charitable activity. 943 Based on proportion of time spent on each charitable activity. 13,398 13,398 |
|---|---|---|
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
| 11 | Amounts written off investments | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts written off investments | (7,569) | (200,645) | |
| 12 | Other gains or losses | ||
| Unrestricted | Restricted | ||
| funds | funds | ||
| 2024 | 2024 | ||
| £ | £ | ||
| Foreign exchange gains or losses | 1,487 | - | |
| 13 | Fixed asset investments | ||
| Unlisted | |||
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 August 2023 | 380,643 | ||
| Additions | 93,905 | ||
| At 31 July 2024 | 474,548 | ||
| Impairment | |||
| At 1 August 2023 | - | ||
| Impairment losses | 7,569 | ||
| At 31 July 2024 | 7,569 | ||
| Carrying amount | |||
| At 31 July 2024 | 466,979 | ||
| At 31 July 2023 | 380,643 |
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
14 Subsidiaries
The charity holds more than 50% of the share capital, or otherwise exercises control over the following companies:
Name of Undertaking A Call To Business Trading (UK) Ltd England & Wales
Country of Incorporation Nature of Business Class Held Dormant Ordinary 100%
The aggregate capital and reserves and the results of subsidiaries excluded from consolidation are shown below:
| Name of Undertaking Profit/(Loss) Capital and Reserves A Call To Business Trading (UK) Ltd £nil £100 15 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income |
Date As at 31 May 2024 2024 2023 £ £ 12,585 - - 762 12,585 762 |
Date As at 31 May 2024 2024 2023 £ £ 12,585 - - 762 12,585 762 |
|---|---|---|
| 762 |
16 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other creditors Accruals and deferred income |
2024 £ 360 70,414 7,560 78,334 |
2023 £ 7,303 218,913 83,286 |
| 309,502 |
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
17 Restricted funds
The funds of the charity include restricted funds comprising the following projects for which funds are held on trust for specific purposes:
| Balance at 1 August 2022 r £ a actb Foundation Sierra Leone 42,482 b Scholarship (2,230) c Rogbere Meals 21,136 d Polish foundation/Ukraine crisis 587 61,975 |
Movement in funds Incoming esources Resources expended £ £ 107,322 (149,804) - - 36,754 - - - 144,076 (149,804) |
Movement in funds Transfers Balance at 1 August 2023 Incoming resources Resources expended Balance at 31 July 2024 £ £ £ £ £ - - 380,091 (283,006) 97,085 2,230 - - - - - 57,890 47,704 - 105,594 - 587 - - 587 2,230 58,477 427,795 (283,006) 203,266 |
Movement in funds Transfers Balance at 1 August 2023 Incoming resources Resources expended Balance at 31 July 2024 £ £ £ £ £ - - 380,091 (283,006) 97,085 2,230 - - - - - 57,890 47,704 - 105,594 - 587 - - 587 2,230 58,477 427,795 (283,006) 203,266 |
|---|---|---|---|
| 203,266 |
The following work was carried out by the charity with restricted funds during the year:
a = A Call to Business receives donations to be made to the foundation which manages a 60-acre rural community development area with junior and senior secondary schools, an orphanage and two commercial businesses on the site. Funding is provided by private UK individuals and UK and international grant makers to support operational costs such as feeding 350 students every day, providing equipment for the schools and orphanage and in improving the infrastructure on site.
b = A Call to Business has received donations that will be used to fund a scholarship in honour of a former employee of the charity. This funding will be used to empower the specific development of entrepreneurs in the UK.
c = A Call to Business has received donations that will be used to fund meals for the students and orphans living on site in Rogbere, Sierra Leone.
d = A Call to Business has received donations that will be used to fund the Polish foundation and healthcare for individuals requiring economic support in the UK and/or Ukraine.
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 August | Incoming | Resources | Transfers | Amounts | At 31 July | |
|---|---|---|---|---|---|---|
| 2023 | resources | expended | written off | 2024 | ||
| fixed asset | ||||||
| investments | ||||||
| £ | £ | £ | £ | £ | £ | |
| General funds | 131,569 | 111,217 | (21,828) | - | (9,056) | 211,902 |
| Previous year: | At 1 August | Incoming | Resources | Transfers | Amounts | At 31 July |
| 2022 | resources | expended | written off | 2023 | ||
| fixed asset | ||||||
| investments | ||||||
| £ | £ | £ | £ | £ | £ | |
| General funds | 339,622 | 15,106 | (20,284) | (2,230) | (200,645) | 131,569 |
19 Analysis of net assets between funds
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| At 31 July 2024: | |||
| Investments | 466,979 | - | 466,979 |
| Current assets/(liabilities) | (255,077) | 203,266 | (51,811) |
| 211,902 | 203,266 | 415,168 | |
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| At 31 July 2023: | |||
| Investments | 380,643 | - | 380,643 |
| Current assets/(liabilities) | (249,074) | 58,477 | (190,597) |
| 131,569 | 58,477 | 190,046 |
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A CALL TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
20 Related party transactions
At the balance sheet date, the Charity owed a trustee, Mr P N Szkiler, £42,406 (2023: £42,406).
The Charity owed £857 (2023: £146,483) to Truestone Impact Investment Management Limited, a company in which Mr P N Szkiler has majority control, at the balance sheet date.
The Charity owed £3,400 (2023: £3,400) to Truestone Africa Limited, a company in which several trustees are shareholders, at the balance sheet date.
At the balance sheet date, the Charity owed a trustee, Mr I R Tanner, £23,750 (2023: £23,750).
At the balance sheet date, the Charity owed it's subsidiary undertaking, A Call To Business Trading (UK) Limited, £100 (2023: £100).
The Charity owed £15 (2023: £2,888) to Truestone Impact Consulting Limited, a company in which Mr P N Szkiler has majority control, at the balance sheet date. Truestone Impact Consulting Limited charged the Charity management fees of £Nil (2023: £3,600) in the year.
During the year donations from trustees totalling £1,000 (2023: £600) were received.
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