ar? (ae) CHARITY COMMISSION | Independent examiner's‘ ’ report on the FOR ENGLAND AND WALES accounts
Section A Independent Examiner’s Report ) Report to the trustees/ members of POLIO CHILDREN On accounts for the year | 31 DECEMBER 2021 Charity no | 1096394 ended (if any) | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended . Responsibilities and As the charity's trustees, you are respcnsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 20114 (“the Act’). | report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent [The charity's gross income exceeded £250,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] ‘f not applicable. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:e the accounting records were not kept in accordance with section 130 , of the Charities Act: or e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. | 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. Please delete the words in the brackets if they do not apply.
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. , 2 Date: | 6 SEPTEMBER
Name: | RANJIT SINGH SOKHI
IER Relevant professional |THE CHARTERED ASSOCIATION OF CERTIFIED ACCOUNTANTS |
1 Oct 2018
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:
qualification(s) or body
(if any):
Address: | 86B ALBERT ROAD
ILFORD
ESSEX IG1 1HR
,
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
IER
2
Oct 2018
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—iopation79 FORCHARITY ENGLAND COMMISSION AND WALES |POLIO & CHILDREN IN NEED CHARITY Charity No
if an 1096394
: Period end ~
Section A Statement of financial activities
Fi
2
8
Recommended Restricted
categories by By Unrestricted income Endowment Prior year
activity fa} funds funds funds Total funds funds
incoming £ £ £ £ £
[from:]
Income [and][ endowments] resources (Note 3) FO1 F02 F03 F04 FOS
Donations and legacies
activites
Charitabletrading activities sot 196.659 [ase [ay
Other So2 ES ES a eras
Investmentsmaterial item of income S03 eS ES ee es ee
Separate S04 S996 [ar J
Total SosES SS a
ExpenditureResourceson: expended (Note 6) S07 202,053 [as a
Raising funds
activities
Charitablematerial item of expense sos 2962 [a ore
Separate S08 800.827 [a0 897 | aoe
Other S10 eS Ss
Total si ee Es Es es en
Net S12 508,789 [ars aa
Netgainsi(losses)gains/(losses) on investments S13 }- 101,136
- 101,136 |- 42.413
income/(expenditure) before investment | wse] [| wml moo
ExtraordinaryNet items S14 ae PE ee EE
income/(expenditure) S15 p 104.1968[ose ea
Transfers $16 a a
[gains/(losses):]
Other [recognised] between funds $17 Ee ES EE a en
Other gains/(losses)
NetGains movement and losses on revaluation ofin funds fixed assets for the charity's own use S19$18 aee
$20 ton 36 [rs a
Total funds brought forward
Total S21 2 as | ass
funds carried forward S22 0.050 703085 SI
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Section B
Balance sheet
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g
(°)
Zz
8 Restricted
S Unrestricted income Endowment Total this Total last
rat funds funds funds year year
Fixed £ £ £ £ £
assets FO1 FO2 FO3 FO4 FO5
intangible assets (Note 15) B01 Es Ee
Tangible assets (Note 14) ES CS Cy es ee
Heritage assets. (Note 16) eS Ee Es es ee
Current assets Total fixed assets b0s a
Stocks nee) ee
nd (Note
investmentsDebtors (Note 19) B07 18,855 a 18,855 [1,157|
Cash 24) at 128.000 [a5on ta
at bank and in hand (Note 24) ae rrr ss
Creditors: Total current assets 10 682 ar as
one amounts falling due within
year (Note 20) B11 1,602 1,602 1,602
Net current assets/(iabilities) 81 80 ara)
Creditors: amounts falling due after
one year (Note 20) B14
Provisions for liabilities B15 ey
Funds of the Charity
Endowment funds (Note 27) B17 - | 7 i |
Unrestricted funds
Restricted income funds (Note. 27) B18 | - |
B19 [170,050
B20
Revaluation [reserve] | - | 170,050 [271,186|
Total 2 |
Signed funds 621 0080 [ar aa
by one or two trustees on behalf of all
the trustees
Date of
\ approval
S dd/mm/
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CC17a (Excel)
1
28/08/2022
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Note Section C Notes fo the accounts (cont)
2.2 INCOME2 Accounting Policies
This standard list of accounting policies has been applied by the charity except for those ticked "No" or “N/a” Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
° the charity becomes entitled to the resources:
‘itis more likely than not that the trustees will receive the resources; and Yes No Nia
¢ the monetary value can be measured with sufficient reliability. a |
Offsetting PermittedThere has been noby the FRS Offsetting102 SORPof assets or FRS and102,liabilities, or income and expenses, unless required or
Grants and donations criteriaGrants are and met donations (5.10 to are 5.12 only FRS included102 SORP). in the SoFA when the general income recognition
In the case of performance related grants, income must only be recognised to the extent Yes No Nia
Legacies that the charity has provided the specified g00ds or services as entitlement to the grant v
Legacies are included in the SOFA when receipt is Probable, that is, when there has
charitythebeen estate grant or have and any of Probate, thebeen Conditionsmet. executors attached have to the established legacy are that either there within are sufficient the control assetsof the in Yes No Nia
v
F ,
‘ .
Government grants The charity has receiveg government grants in the reporting period. Yes No N/a
Tax Gift Aid receivable is included in income when there is a valid declaration from the donor.
donationsreclaims and on gifts Anytreated Gift as Aid an amount addition recoveredto the same on a fund donation as the is initial Considered donation to unless be Part the of donor that gift or and the is Yes No Nia
v
Contractual terms of the appeal have specified otherwise.
performance related F
on
income and Services orThis is Only included met the performance in the SOFA related once theconditions. charity has provided the related goods or Yes N90 NY?a
Donated goods exchanged)Donated goods unless are impractical measured atto fair do so. value (the amount for which the asset could be
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt. ySs NS Ni2
expense at the Carrying amount of the Stocks at distribution,
In the reporting period in which the stocks are distributed, they are recognised as an of
Donated goods for resale are measured at fair value on initial fecognition, which is the
&xpected proceeds from sale less the ®xpected costs of Sale, and recognised in ‘Income
from other trading activities‘ with the Corresponding stock recognised in the balance ySs N2 Nv£
sheet. On its sale the value of stock is charged against ‘Income from other trading
activities’,
activities’ and the Proceeds from sale are also recognised as ‘Income from other trading ¥: ¥
andGoods included donated in the for ON-going SOFA as use incoming by the resources Charity are when recognised asreceivable. tangible fixed assets Yes No Nia
Gifts in kind for use by the charity are included in the SOFA as income from donations Yes No Nia
Donated F ¥ v
facilities services and theDonated gift to services the Charity and provided facilities the are value included of thein gift the can SOFA be when measured receivedreliably, at the value of Yes No Nia
Donated services and facilities that are consumed immediately are recognised as income Yes No Nia
with an equivalent amount recognised as an expense under the appropriate heading in
v v
the SOFA,. F ; P|
Support costs The charity has incurred expenditure on Support costs.
Yes No N/a
Volunteer TT]
olunteer hel [help] inThethe value trustees’ of any annual voluntary report, help received is not included in the accounts but is described
royaltiesIncome from and interest, dividends beThis measured is includedteliably,in the accounts when receipt is probable and the amount receivable can Yes No Nia
subscriptions and Legacies,
Income from membership Membership Subscriptions received in the nature of a gift are recognised in Donations Yes No Nia
benefitsMembership are fecognised subscriptions as which income gives earned a member from the Provision of the fight to buy goods and services or services other as Yes No N/a
;
income from Charitable activities, Petey]
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Settlement of insurance criteriaInsurance claims are met (5.10 are to only 5.12 included FRS 102 in the SORP) SoFA and when are included the general as income an item recognition of other Yes No Nia
Investment . This includes any realised or unrealised gains or losses on the sale of investments and
losses gains and any gain or loss resulting from revaluing investments to market value at the end of the Yes No Nia
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the Yes No N/a
obligation can be measured with reasonable certainty.
Governance and support Support costs have been allocated between governance costs and other support.
costs Governance costs comprise all costs involving public accountability of the charity and its; Yes No Nia
compliance with regulation and good practice. Rika
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs Yes No Nia
by floor areas, or per Capita, staff costs by the time spent and other costs by their usage.
Grants with performance Where the charity gives a grant with conditions for its Payment being a specific level of
conditions service or output to be provided, such grants are only recognised in the SoFA once the Yes No Nia
recipient of the grant has provided the specified service or output.
Grants payable without Where there are no conditions attaching to the grant that enables the donor charity to
performance conditions realistically avoid the commitment, a liability for the full funding obligation must be Yes No Nila
F .
Redundancy cost The charity made no tedundancy payments during the reporting, period.. Yes No Nia
. ne .
Deferred income No material item of deferred income has been included: inF the accounts. Yesy, No Nia
Credi The charity has creditors which are measured at settlement amounts less any trade Yes No N/a
Provisions for liabilities Ameasuredliability is at measured the best estimate on recognition of the amount at its historical required costto settle and then the subsequently obligation at the Yes No Nia
iia-— ParagraphThe charity10.7 accountsFRS for102 basic SORP. financialSubsequent instruments measurement on initial recognitionisF as per paragraphs as per 11.17 Yi=Ss N2 Nia
2.4 [ASSETS] (0 11.18, FRS 102 SORP. kaka
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least
use by charity Yes _NoNia
They are valued at cost. a ee ae
Intangible The depreciation rates and methods used are disclosed in note 14.
fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have Yes No Nia
physical substance but are identifiable and are controlled by the charity through custody
Theyor legalare rights.valuedTheat cost. amortisation tates and methods used are disclosed in note 15 Bae
Heritage assets scientific,The charitytechnological, has heritage assets,geophysicalthat or is, environmental non-monetary assetsqualities withthat historic, are heldartistic,and Yes No Nia
rm a tesint a inednd methods principallyused foras their disclosed contributionin noteto knowledge and16. culture. The depreciation J
They are valued at cost, Yes No Nia
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year Yes No Nia
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment, v
Investments held for resale or pending their sale and cash and cash equivalents with a Yes No Nia
maturity date of less than 1 year are treated as current asset investments
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
progress realisable value, yes N° NTa
basedGoods on or servicesthe service providedpotential as Provided part of a by charitable items of ac s t ivityock, are measured at net realisable value ySs N2 Ni2
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No Nia
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Satiement amount after anv trade discounts or amount Advanced bv the charity Subseauentiv Yes No Nia
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|---|---|---|---|---|---|---|
|they are measured|at the cash or other|consideration|expected to be received,oe|
|Current asset investments|The charity has has investments which|it holds for resale or pending|their sale and cash and cash|
|equivalents|with a maturity date less than one year. These include cash on deposit and cash|Yes|No|Nia|
|equivalents with a maturity date of less than one year held|for investment|Purposes rather than|to|
|;|
|méet short term cash commitments as they fall due.|v|Pe fo]|
|They are valued at fair value except where|they qualify as|basic financial|instruments.|Yes|No|Nia|
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
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tion G Notes to the accounts
te 3 Analysis of income
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(cont)
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Restricted Unrestricted income Endowment Analysis funds funds funds Totalfunds Prior year !aations Donations end gity 620s asE a£ legacies:TE TT] aT es ae ee a es ee | Charities General grants provided by governmenVotheree Membership subscriptions and sponsorships which are in substance donations [Donated goods, faciiies and services Pf | [a ii: Say TT) ines meen Total 196658[|__|106,680 ~ea.ar0) ivities: ei rine —— ioctl sl a SS SY cl SY Ps Total ivities: a TY eS eS a SS SS AS MS nee eSTotal Se Sa aT Ves ome from jeietest income pp estments:pp(Dividend income Rental and leasing income Tp (Other asa) a Total|__5,004[ = [| _ 5.994] 6.697] parate ee SS eT eS : terial item[ey pp income: |} tp eo tp Total Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual property rights a Total es eS rs es Ps TALer information: INCOME [|_202.653[ = 202,683 73.097] ncome in the prior year was unrestricted except for: ase provide description and amounts) re any endowment fund is converted into income in the rting period, please give the reason for the conversion. in the income items above the following items are rial: (please disclose the nature, amount and any prior amounts)
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NIA
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Section C Notes to the accounts (cont) Note 13 Grantmaking the charitable activities undertaken. Please complete this note if the charity made any grants or donations which in aggregate form a Material part of
|13.1Analysisofgrantspaid (included incostof charitableactivities)
Grants to
Grants to
institutions
individuals
Supportcosts
18,502 as
60,782
30,686 a
|
eyRey
12,081 pg
6,626 ns
eea
ee
a eT a
cr
ee?
ea
[eo|
|---|
|Pleaseenter“Niji”iftheCharitydoesnotidentifyand/orallocateSupportcosts.|
|13.2Grantsmadeto institutions|
|Please
provide
My charityhasMadegrantstoParticularinstitutionsthatare materialin
detailsoreharity's
the contextofitsgrantmaking. DetailsoftheinstitutionSupported,
URL
Purposeofthegrantandtotalpaidtoeachinstitutionisavailableonthe
Provide details
charity's web site,|
|below|
|Namesofinstitution
Purpose
Totalialof
gtants paid £|
|BuildTFT Cambodia
Schoolbuildingsandrefurbishments,
60,782
construction oftubewells|
|KigeziOrphanChildrensCharity, Uganda
Construction ofOrphanage, Purchaseof
221,337
Ambulance, Musical band
instrumenst,Food, school runningcosts
Kwa Mkono, Tanzania|
|SchoolFees andrunning costs
|
«42H
St
LillianeOrphanage.Uganda
Clothing,utilities&supportcosts
|
8867]
SalaamaSchoolfor Blind,Uganda
Food &Brailliepaper
|
«1863]
TunawezaFoundation, Uganda
SchoolFees
|
842]
SuchetaKriplaniShikshaNiketan,India
Schoolfeesandsupportcosts
|
2288)
Totalgrantstoinstitutionsinreportingperiod
298,399
Otherunanalysedgrants
|
«428||
|be
B27|
CCi7a (Excel)
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balance17.4 Pleasesheet. provide a breakdown of current asset investments, if applicable, agreeing with the
Analysis of current asset This year Last year
investments
£ £
Cash or cash equivalents [128,000 | 200,000
Listed Investments i rs
Investment properties Le
Social investments Ld
TotalOther investments [ «125,000 | 200,000
17.5 Guarantees
Please provide details and amount of any
guarantee made to or on behaif of a third party
Name of the entity or entities benefitting from
those guarantees
Please explain how the guarantee furthers the
charity's aims
17.6 Concessionary loans
Description This year£ | Last year€
Amount of concessionary loans made (Multipte re
that such aggregation does not obsure significant a
meamatony a
Amount of concessionary loans received hit £/ Last re
aggregateobsure significant provided information) that such aggregation does not aa
Termsprovided and conditions &g interest rate, security
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Amounts payable within 1 year SE
Amounts payable after more than 4 year
Se
Amounts receivable within 4 year
ee
Amounts receivable after more than 4 year
17.7 Additional information
Please provide information about the
significance of investments to the charity's
financial position or performance eg. terms and
conditions of loans or the use of hedging to
manage financial risk.
For ail investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
Where a charity has provided financial assets as a
a form of security, the Carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge,
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CC 17a (Excel)
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(cont)
Section C Notes to the accounts Note 20 Creditors and accruals Please complete this note if the charity has anY creditors or accruals,
20.1 Analysis of creditors
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Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
Accruals £ £ £ £
Bank for grants payable es se
loans and overdrafts a es ee
Payments received on account for contracts or
performance-related grants
Other creditors | __se2[ 602]
ieaTes
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20.2 Deferred income Please compiete this note if the charity has deferred income.
Please expiain the reasons why income is deferred.
Movement in deferred income account
Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period
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a£ £
a
a
a
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| 7 c Notestotheaccounts (cont) |
7 c Notestotheaccounts (cont) |
7 c Notestotheaccounts (cont) |
|---|---|---|
| Note | 24 Cash atbank and in hand |
|
| Short Shortterm deposits Cash Other Total |
termcashinvestments (lessthan3monthsmaturitydate) term deposits at Bank |
This year Lastyear £ £ a a |
CC 17a (Excel)
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Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please adda separate sheet. POLIO & CHILDREN in NEED CHARITY'S PRINCIPAL ACTIVITY WILL CONTINUE IN THE PROVISION OF FINANCIAL FACILITIES FOR UNIVERSITY AND FURTHER EDUCATIONAL PROGRAMMES FOR POLIO VICTIMS AS WELL AS ORPHANS AND OTHER CHILDREN COMING FROM POOR ECONOMIC BACKGROUNDS.HENCE SUBSTANTIAL FUNDS ARE RETAINED BY THE CHARITY TO ENSURE THAT IT MEETS ITS FINANCIAL OBLIGATIONS UNDER THIS CHARITABLE ACTIVITY IN THE FUTURE YEARS.
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