1111
I I•Ar
Annual Report 2022-23
people
povecty
We change lives together
## **Contents**
|**ontents**||||
|---|---|---|---|
|Who we are|**3**|Annual Accounts|**27**|
|Where we work|**4**|Financial Report|**28**|
|Our Life-Changing Programmes|**5**|Statement of Financial Accounts|**29**|
|Life Essentials|**6**|Balance Sheet|**30**|
|Building Skills|**8**|Directors’ Statements|**31**|
|Sustaining Life|**10**|Notes forming part of the Financial Statements|**32**|
|Crisis Support|**12**|Independent Examiner’s Report|**40**|
|Our Project Leaders and teams|**14**|Lives Changed|**41**|
|Chair’s Report|**15**|Looking Ahead|**42**|
|Lives Changed|**16**|With grateful thanks to all our supporters|**43**|
|Our Impact 2022-23|**17**|||
|Structure, Governance and Management|**22**|||
|Lives Changed|**26**|||
2
## Who we **are**
People Against Poverty is more than a charity. We are a #movementforchange, a global community of like-minded individuals, organisations and businesses that share a passion to alleviate poverty and suffering around the world.
We fund projects that enable selfsufficiency, supporting people to find their pathway out of poverty, creating lasting impact for individuals and communities.
## People Against Poverty stands for:
Poverty alleviation Dignity Employment creation Local partnerships Community Sustainability Resource delivery Empowerment
3
## Where we **work**
This year we have been funding projects in Haiti, India, Malawi, Tanzania, Nepal, Romania and the UK.
4
Our Life-changing Programmes
Life Essentials
• Building Skills
Sustaining Life
Crisis Support
Supporting children and families to have the basic essentials of life – food, water, and clothing. Without these in place, it is impossible to take the next step out of poverty – building skills.
6
## Life Essentials **Projects**
Child Sponsorship Haiti, Tanzania, Malawi, Nepal, India, Romania
Family Partnership and Community Programme Romania Dignity (white goods) and Fresh Veg UK
7
Supporting children to get a good education, and adults to learn a vocational skill that will help them to provide for themselves, their families, and in some cases, their wider community.
8
## Building Skills **Projects**
Investing in education Tailoring courses and higher education Malawi
9
Supporting people to take the next step,
either moving into employment, starting up their own business; or funding infrastructure for self-sustaining communities.
10
## Sustaining Life **Projects**
Tailoring Businesses Malawi
Borehole Wells India Micro Farm Romania
11
Supporting our partners and the communities they serve in times of crisis or emergency such as natural disasters, extreme weather or violence.
12
## Crisis Support **Projects**
Support provided in:
Haiti Romania for Ukrainian refugees
13
## Our **Project Leaders and teams**
**----- Start of picture text -----**
ROMANIA
Valentine Petronella Carmelia Vasilie
Family Partnership, Iasi Family Partnership, Ursita
**----- End of picture text -----**
**----- Start of picture text -----**
Costel Tatiana Atilla Adele
Child Sponsorship Programme; Child Sponsorship Programme;
Micro Farm, Negresti Social Programme, Reghin
**----- End of picture text -----**
**----- Start of picture text -----**
HAITI NEPAL
Adrian Gertrude Sheri
Community Child Sponsorship Programme
**----- End of picture text -----**
**----- Start of picture text -----**
Krishna Sita
**----- End of picture text -----**
**----- Start of picture text -----**
Webster
**----- End of picture text -----**
Community Programme
Child Sponsorship Programme
Child Sponsorship Programme; Tailoring Courses and Businesses
**----- Start of picture text -----**
INDIA
**----- End of picture text -----**
**----- Start of picture text -----**
UK
**----- End of picture text -----**
**----- Start of picture text -----**
TANZANIA
**----- End of picture text -----**
**----- Start of picture text -----**
Prasant Grace
**----- End of picture text -----**
**----- Start of picture text -----**
Jill
**----- End of picture text -----**
**----- Start of picture text -----**
Ben
**----- End of picture text -----**
**----- Start of picture text -----**
Katy
**----- End of picture text -----**
Dignity, Fresh Veg
Child Sponsorship Programme; Borehole Wells
Child Sponsorship Programme; Higher Education
14
## Chair’s **Report**
And so, in April 2022 the sun rose on another year for People against Poverty and its broad community of supporters. What would it be like post-covid, how had our communities around the world been affected? How would we evolve our programmes now and what had changed?
Well, now being at the end of this financial year I can see it has been challenging but impactful. Easier access to those that really need it and starting to restore connections and relationships across our diverse communities across the globe. Then as war broke out as Russia invaded Ukraine, millions of people in the region were displaced, and there was a major impact economically in many parts of the world.
We are glad to say that despite the challenges our work in general has been doing very well. We put out a Ukraine Appeal and many of you responded. As a result we managed to support 100s of refugees escaping Ukraine and finding safe shelter at our _Way of Joy_ partner in Romania as they opened their doors and arms to those who needed shelter, food and some rest. Many of them then moved on into Europe to find a more permanent peaceful place.
Elsewhere in the world we supported 10 graduates who went through our tailoring course in Malawi to be able to start up their own business. A major step towards increased recognition by their communities and a major step towards independence. As one of the graduates said, ‘You have given us gold for our future.’
There is so much more to say about what we have achieved this year, but I leave you to read this annual report and see for yourself!
Internally we have also been through quite a few changes as Val Huxley, our CEO and founder of PaP decided to step away from her role. Val has developed the charity over the last 18 years, building a strong foundation for the future and I am very grateful for her energy, empathy and drive in establishing what is now there. So many people and hearts have been touched and so many helped to get back on their feet towards a more positive future. On behalf of all these individuals, I’d like to sincerely thank Val for all she has done over the years. Dedication, hard work and passion! I am so pleased you are staying on as a volunteer ambassador for the charity. Thank you, Val!
And so, we are now onto a new chapter as Belinda Wadsworth has taken over the baton from Val and in her first year as CEO she certainly has made an impact. As Trustees we are very grateful to God in sending her our way. With a refreshed strategy, an infusion of new ideas and leadership, I certainly see a bright future ahead for our modest but impactful charity.
Lastly, I would like to thank you all for your continued support, as a business and/or as individuals. Your help and dedication makes all the difference in the lives of the people we support. You put a smile on their faces and make a way where for some there seemed to be no way. And with that I look forward to the new year ahead with no doubt increased impact under our new leadership.
Onwards and upwards as there is always more to do!
Paul Van Haver, Chair of Trustees
15
Training tailors in Malawi and supporting them to start up their own business _‘The training support from PaP has built long lasting skills in me which will help me for life. I am now able to find money on my own and meet my needs without depending on my relatives. I am very grateful for this support. I will continue working hard in this business so that I expand it and maybe in future I can have a chance to help others.’_
16
Our Impact
in 2022-23
## In 2022-23 **we supported**
1341 individuals 282 families 825 children (127 sponsored)
18
## In 2022-23 **we provided**
125 children with an education
19
## In 2022-23 **we funded**
**----- Start of picture text -----**
4 borehole wells giving 200 individuals in
remote villages access to fresh water
2888 packs of fresh veg for people in need
44 white goods for people in crisis
**----- End of picture text -----**
20
## In 2022-23 **we helped**
109 individuals with legal aid
21
## Structure, Governance and **Management**
## Governing Document
processes, the budget and recent financial statements. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
The organisation is a charitable company limited by guarantee, incorporated on 8 April 2003, and registered as a charity on 6 June 2003 with the Charity Commission. The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. Anyone over the age of 18 can become a member of the Company and in this financial year there were ten members, each of whom agrees to contribute £1 in the event of the charity winding up.
## Organisation
The Board of Trustees governs the charity. Trustee meetings are held quarterly and Trustees are provided with a variety of reports to update them on all key activities of the charity including up to date financial information.
The Chief Executive Officer (appointed by the Trustees) undertakes the daily running of the charity together with a team of staff, service providers and volunteers who provide a range of skills and experience. To facilitate effective operations, the Chief Executive Officer has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and project related activity. Future strategy is developed in agreement between the Chief Executive Officer and the Chair of Trustees. Strategy is reviewed and agreed by the Board of Trustees to ensure the Charity continues to work towards its stated objectives and there is appropriate mitigation of all major risks identified.
## Appointment of Trustees
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, have the power to recommend/appoint new or additional Trustees and to remove any Trustee provided the number of Trustees does not fall below a minimum of three. Trustees are selected to have a wide range of business and charity experience, and are required to gain an understanding of all aspects of the charity’s work. Ideally where possible Trustees will visit one of our international projects. Trustee vacancies are advertised externally.
## Trustee Induction and Training
## Related Parties and co-operation with other Organisations
New Trustees are invited to attend Trustee induction and training sessions with existing Trustees, the CEO and other key members of staff as appropriate to learn more about the charity and its programmes and projects. They are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the Memorandum and Articles of Association, the Board and decision making
None of our Trustees receives remuneration or other benefit from their work with the charity. Any connection between a Trustee or officer of the charity with a supplier must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. In the financial year 2022-23, no such related party transactions were reported.
22
## Structure, Governance and **Management**
Trustees’ responsibilities in relation to the Financial Statements The charity Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and UK Accounting Standards (UK GAAP). Company law requires charity Trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure of the charity for that period. In preparing the financial statements, the Trustees are required to:
## Pay Policy
The Board of Directors (who are the Trustees) appoint the CEO. The management team comprises of the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis led by the CEO. All directors give of their time freely and no director received remuneration in the year.
Details of directors’ expenses and related party transactions are disclosed in notes 16 & 17 to the accounts.
The pay of senior staff is reviewed annually and increased in line with inflation where possible.
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
## Risk Management
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
The Trustees have a risk management strategy, which comprises:
- a quarterly review of the principal risks and uncertainties that the charity
- faces;
- the establishment of policies, systems and procedures to mitigate those risks identified;
- inappropriate to presume that the charity will continue in business.
- the implementation of procedures designed to minimize or manage any potential impact on the charity should those risks materialise.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The review has identified that financial sustainability is a major financial risk for the charity. A key element in the management of financial risk is a regular review of available unrestricted funds – and the establishment of a reserves policy.
23
## Structure, Governance and **Management**
The Trustees are responsible for the maintenance and integrity of the corporate and financial information of the charity.
- _to advance the Christian religion in any part of the world_
- _for such other charitable objects as the trustees shall from time to time in their absolute discretion determine_
## Statement as to disclosure to our Independent Examiner
In so far as the Trustees are aware at the time of approving our Trustees’ annual report:
The staff and Trustees of the charity continue to be motivated by the words of Isaiah 58 verse 7:
- there is no relevant information, being information needed by the examiner in connection with preparing their report, of which the examiner is unaware, and;
- _‘Is it not to share your food with the hungry and to provide_
- _the poor wanderer with shelter –_
_When you see the naked, to clothe him, And not to turn away from your own flesh and blood?’_
- the Trustees, having made enquiries of fellow directors and the examiner that they ought to have individually taken, have each taken all steps that he/she is obliged to take, as directors in order to make themselves aware of any relevant information and to establish that the examiner is aware of that information.
Under its objects, the charity has three main aims:
1. to help break the cycle of poverty for the deprived world, by empowering them to become self-sufficient
## Objects and Activities
2. to partner with UK businesses in the fight against poverty
People against Poverty’s objects as per the Charity’s Memorandum and Articles of Association are:
3. to raise awareness of poverty so that people in the UK are better able to understand the situation of the world’s poor
• _relief of poverty, deprivation and distress of all people throughout the world with particular reference to third world countries, by providing practical expertise, equipment, tools, machinery, transport, appliances, building and other materials, medical supplies, seeds, fertilizers, water supply and drainage equipment, clothing, shelter, money and other necessities_
In delivering our objectives for the year and planning our activities, the Trustees have had due regard to the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.
24
## Structure, Governance and **Management**
## **Trustees in 2022-23**
Charity Name: People against Poverty
Charity Number: 1097858 Company Number: 04727350
Registered Office and Operational Address:
c/o The Alanbrookes Group Ltd., 10 Market Square, Devizes, Wiltshire, SN10 1HT
Directors and Trustees:
The directors of the charitable company (the charity) are its Trustees for the purpose of charity law. The Trustees serving during the year 2022-23 were as follows:
Paul Van Haver
Andrew Fisher Rhoderline Kyeme Chair Treasurer Company Secretary
Mr Paul Van Haver (Chair) Rhoderline Kyeme (Company Secretary) Mr Andrew Fisher (Treasurer) Dr Harvey Maylor Mr William Huxley Mr Benjamin Veal Ms Karen Ramirez Mr Stuart Brown
Bankers: (1) The Cooperative Bank, P.O.Box 250, Skelmersdale, WN8 6WT – and (2) CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ (Fundraising)
Dr Harvey Maylor
William Huxley Benjamin Veal
Independent Examiner: Mr Richard HW Beath BSc FCCA, Ashlar House, 58a Combe Road, Combe Down, Bath BA2 5HZ.
Karen Ramirez Stuart Brown
CEO April-October 2022
CEO October 2022-March 2023
25
Supporting people with the essentials of life, and preventing them falling into debt
_‘A mum came into the foodbank crying and very anxious. She shared with a team member that she hadn’t been able to send her two girls to school as the washing machine had broken and she couldn’t afford to fix it, and the wet school uniform was stuck inside. We did the referral to the Dignity Project and she only had to wait 48 hours for the washing machine to be delivered and installed. The delivery guys went the extra mile and got her washing out and took the old machine away as well. She said that she was overwhelmed by the support she received.’_
We funded essential white goods (cookers, fridges, washing machines) for people in financial difficulties.
We funded fresh fruit and veg so families accessing foodbanks could eat healthily.
26
## **Annual Accounts**
Financial period 1 April 2022 to 31 March 2023
27
## Financial **Report**
Against an unfavourable economic background and a cost of living crisis, a fall in income from 188k to 166k was not unexpected, especially given that 2022’s income benefitted from grants amounting to 17k, there being none this year, and the charity remained in a strong financial position at the year end. Expenditure increased from 165k to 176k and we were able to marginally increase the expenditure on our projects from 152k to 153k by utilizing some of our cash reserves which stood at 117k at the year end vs 130k last year.
As a proportion of total income, our charitable activities (resources expended on our projects) amounted to 92% compared with 81% last year. This expenditure includes payroll costs, which fell from 54k to 45K. Costs of generating voluntary income rose from 11k to 21k due to the return to a full programme of Business against Poverty events – including the return of the annual gala ball – within a lockdown-free year. Total funds at the end of the year were 119k against 129k last year.
The principal funding sources of income were as follows:
- voluntary income was 121k compared to 135k the previous year, reflecting the budget constraints forced upon small private business and individuals
- fundraising however increased from 37k to 45k – although was 37k compared to £30k. Within this, Business against Poverty (BaP) revenues fell from 36k to 28k, but the BaP events contributed 16k following last year’s virtual pause
- BaP contributions are 100% unrestricted and the charity is able to distribute funds to project work and to overheads as the need arises
## Investment powers and policy
The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a Co-op Bank deposit account to obtain some interest.
## Reserves policy and going concern
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency costs.
The charity is currently dependent upon the following sources of income: voluntary donations, fundraising, child sponsorship, Business against Poverty donations and events.
These sustain its charitable activities and allow the charity to continue to operate. To protect the charity from the risk of income fluctuations and to avoid closure if funding difficulties were to happen, the Trustees had previously agreed to keep a certain level of financial reserves to ensure that operations can continue for a period of at least two months, although higher levels of reserves are now being retained due to the uncertain world situation
Expenditure is reviewed regularly and the level of financial reserves is monitored to ensure it covers staff salaries, National Insurance, pensions, rent and basic office running costs.
The main concerns of the Trustees are to ensure:
- that staff can continue working – primarily to secure new funding, and in
- addition to continue operations at a minimal level
- the reserves should be built from the unrestricted income
- the reserves policy will be reviewed annually and whenever there are
- significant changes in staff hours or numbers or changes in the overhead base
Within the restricted funds of 73k (2022: 84k) there are certain designated funds amounting to 53k (2022: 71k) which are unrestricted funds which the trustees have decided at their discretion to set aside for a specific purpose. These are combined with the restricted funds for year-end reporting purposes. In principle, an element of central overheads, fundraising costs and salaries would usually be charged to these funds in order to maintain a suitable level of unrestricted funds, but the strength of our unrestricted funds enabled a transfer of 27k from unrestricted funds to support restricted funds in the year (2022 – 15k).
## Andrew Fisher FCA: Treasurer
Paul Van Haver: Chair of Trustees
28
|
**Statement of Financial Activities - Year**|
**Ending 31st March 2023**|
**Ending 31st March 2023**|
|
|
|
|
|---|---|---|---|---|---|---|
|||||**Balance at**|**Balance at**||
||**Notes**|**Unrestricted**|**Restricted**|**31st March**|**31st March**||
|**Incoming resources**||**£**|**£**|**£**|**£**||
|Incoming resources from generated funds|||||||
|Voluntary income|**1**|
48,521|
72,643|
121,164|
151,477||
|Actvites for generatng funds|**2**|
44,646|
-|
44,646|
36,953||
|Investment income|**3**|
418|
-|
418|
-||
|Total incoming resources||93,585|
72,643|
166,228|
188,430||
|**Resources expended**|||||||
|Cost of generatng funds|||||||
|Cost of generatng voluntary income|**5**|
20,956|
0|
20,956|
10,963||
|Charitable actvites|**6**|
45,399|
107,805|
153,204|
151,792||
|Governance costs|**7**|
1,748|
-|
1,748|
2,740||
|Total resources expended||68,103|
107,805|
175,908|
165,495||
|**Net income surplus/(defcit) for the year before transfers**||25,482|
(35,162)|
(9,680)|
22,935||
|**Transfers**|||||||
|Gross transfers between funds||(24,357)|24,357||||
|Net incoming resources for the year before other|||||||
|recognised gains and losses||1,125|
(10,805)|
(9,680)|
22,935||
|Gains/(losses) on revaluaton of fxed asset for the|||||||
|charity's own use||-|
-|
-|
-||
|**Net movement in funds**||1,125|
(10,805)|
(9,680)|
22,935||
|**Reconciliaton of funds**|||||||
|Total funds brought forward||44,569|
83,949|
128,519|
105,583||
|Total funds carried forward||45,694|
73,144|
118,839|
128,519||
||||||||
29
## **Balance Sheet - Year Ending 31st March 2023**
|**Notes**|**Balance at 31st**
**March 2023**
**Balance at**
**31st March**
**2022**|
|---|---|
|**Fixed Assets**|**£**
**£**|
|Tangible assets
**8**|600
311|
|||
|**Current assets**||
|Debtors
**9**|949
1,779|
|Cash at bank and
in hand
**10**|117,754
129,702|
|||
|**Total current assets**|118,703
131,481|
|||
|**Liabilites**||
|
Creditors due
within one year
**11**|465
3,274|
|**Net current assets**|118,238
128,208|
||
|
|**Total net assets**|118,838
128,519|
|||
|**Represented by Unrestricted Funds**||
|General purpose
fund|45,694
44,569|
|||
|**Restricted Fund**
**12**|73,144
83,949|
|**Total Funds**|118,838
128,519|
|||
30
## **Directors’ statements required by Section 475 for the period ended 31st March 2023**
In approving these financial statements as Directors of the Company, we hereby confirm:
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with Financial Reporting Standard 102 1A. They constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
- (a) that for the period stated above, the Company was entitled to the exemption conferred by Section 477 of the Companies Act 2006;
- (b) that no notice has been deposited at the registered office of the Company pursuant to Section 476 requesting that an audit be conducted for the period ended 31st March 2023; and
The notes on pages 32 to 39 form part of these accounts.
- (c) that we acknowledge our responsibilities for:
1. ensuring that the Company keeps accounting records which comply with Section 386, and
These financial statements were approved by the Board of Directors on 2 November 2023 and signed on behalf of the Board by:
2. 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 period and of its profit and loss for the period then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act 2006 relating to the financial statements, so far as applicable to the charitable company.
Paul Van Haver, Chair of Trustees On behalf of the Trustees
31
## **Notes forming part of the Financial Statements**
## Accounting Policies
Incoming resources are all reported gross and the Statement of Financial Activities recognises all incoming resources becoming available to the Charity during the year. The value of services provided by volunteers has not been included in the financial statements.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows. The accounting policies have been applied consistently throughout the year and in the preceding year.
## Basis of Preparation
Donated services and facilities are included at the value to the charity where this can be quantified. They are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity that is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Stand 102 section 1A and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The accounts have been prepared on a going concern basis.
## Income Recognition
Incoming resources are included in the Statement of Financial Activities when the charity becomes entitled to the resources, any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity, the Trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.
Incoming resources from charitable activities are accounted for when earned. Interest on funds held on deposit Is included when receivable and the amount can be measured reliably by the charity.
32
## **Notes forming part of the Financial Statements**
Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose.
Legacy income is accounted for on a receivable basis. Receipt of a legacy, in whole or part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, and then the legacy is treated as a contingent asset and disclosed if material.
Interest earned on restricted income is not applied to the restricted fund unless specifically requested by the donor. Such interest will be treated as unrestricted income.
Grants receivable are normally accounted for when received, except where they relate to a specified future period, in which case they are treated as deferred income. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
## Resources Expended
Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Resources expended are shown gross and accruals are included in creditors for all known liabilities relating to the year.
## Fund Accounting
Restricted funds are funds subject to specific conditions imposed by the funders and relate to specific projects. Expenditure that meets these criteria is charged to the funds.
Cost of generating funds relate to the costs incurred by the charitable company in inducing others to make voluntary contributions to it and the costs for fundraising.
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Unrestricted funds comprise accumulated surpluses and deficits on general funds and are available for use at the discretion of the Trustees in furtherance of the object of the charitable company.
Governance costs of the charitable company comprise of costs of the management of its assets and compliance with constitutional and statutory requirements and include fees and costs linked to the strategic management of the charity.
33
## **Notes forming part of the Financial Statements**
## Fixed Assets
Depreciation is provided on all tangible fixed assets bought in the UK costing more than £100 at rates calculated to write off the cost of each asset over its expected useful life to its residual value.
The depreciation rates in use are as follows:
- Motor Vehicle 10% reducing balance
- Computer Equipment 33% straight line
- Fixtures and fittings 25% reducing balance
- Office equipment 25% reducing balance
## Debtors
Prepayments are valued at the amount prepaid. Gift Aid due is valued at that amount received after the year-end, which relates to donations received before the year-end.
## Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and monies on deposit.
## Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
34
## **Notes forming part of the Financial Statements**
|**Note**|Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
|---|---|
|**1**
**Voluntary Income**|£
£
£
£|
|Donatons|33,172
72,643
105,815
120,418|
|Gif Aid|15,349
-
15,349
14,326|
|Grants|-
-
-
16,734|
|Total|48,521
72,643
121,164
151,478|
|||
|||
|**2**
**Actvites for**
**Generatng Funds**|Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
||£
£
£
£|
|BaP subscriptons|28,847
-
28,847
35,410|
|BaP events|15,799
-
15,799
480|
|Gif cards|-
-
-
264|
|Other fundraising
events|-
-
-
799|
|Total|44,646
-
44,646
36,953|
|||
|||
||Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
|**3**
**Investment Income**|£
£
£
£|
|Interest on bank
deposits|
418
-
418
-|
|Total|418
-
418
-|
35
|**4**
**Costs of generatng Voluntary Income**|Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
|---|---|
||£
£
£
£|
|BaP events|5,521
-
5,521
-|
|Other fundraising events|-
-
-
3,902|
|Marketng costs|120
-
120
2,064|
|
Freelance services|12,044
-
12,044
1,230|
|Ofce and admin costs|1,991
-
1,991
3,311|
|Networking|1,280
-
1,280
456|
|Total|20,956
0
20,956
10,963|
|||
|||
|**5**
**Charitable Actvites**|Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
||£
£
£
£|
|Child Sponsorship|-
29,919
29,919
31,583|
|Family Partnership|-
13,127
13,127
13,370|
|Way of Joy Romania|-
39,867
39,867
29,985|
|Reghin Romania|-
2,969
2,969
1,084|
|Nepal Projects|-
1,071
1,071
1,000|
|Tanzania Projects|-
-
532|
|Hait Projects|-
356
356
65|
|
India Projects|-
1,651
1,651
1,650|
|Malawi Projects|-
7,757
7,757
10,250|
|Projects Appeals|-
1,460
1,460
-|
|Trips to Projects|-
605
605
-|
|Dignity|-
9,023
9,023
8,067|
|Staf Costs|45,399
-
45,399
54,206|
|
Total|45,399
107,805
153,204
151,792|
|||
|||
|||
|**6**
**Governance Costs**|Unrestricted Funds
Restricted Funds
31st March 2023
31st March 2022|
||£
£
£
£|
|Audit fee|100
-
100
152|
|Banking costs|1,648
-
1,648
2,588|
|Total|1,748
-
1,748
2,740|
|||
|**6**|
**Governance Costs**||Unrestricted Funds|Restricted Funds||31st March|2023|31st March|2022||
|---|---|---|---|---|---|---|---|---|---|---|
||||£|£||£||£|||
|||Audit fee|100||-||100||152||
|||Banking costs|1,648||-||1,648||2,588||
|||Total|1,748||-||1,748||2,740||
||||||||||||
36
|**7**|
**Tangible Fixed Assets**||Computers|Fixtures & Fitngs|Total||
|---|---|---|---|---|---|---|
||||£|£|£||
|||Cost at 1st April 2022|6,164|
1,900|
8,064||
|||Additons|600|
-|
600||
|||Disposals|(6,164)|(1,900)|(8,064)||
|||At 31st March 2023|600|
-|
600||
|||Depreciaton at 1st April 2022|6,163|
1,590|
7,753||
|||Charge this year|-|
-|
-||
|||Eliminated on disposal|(6,163)|(1,590)|(7,753)||
|||At 31st March 2023|-|
-|
-||
||||||||
|||NBV at 31st March 2023|600|
-|
600||
||||||||
|||NBV at 31st March 2022|1|
310|
311||
||||||||
|**8**|
**Debtors**||31st March 2023|31st March 2022||
|---|---|---|---|---|---|
||||£|£||
|||Gif Aid debtor|617|
1,779||
|||Sundry debtors|17|
-||
|||Accrued income|315|
-||
|||Total|949|
1,779||
|**9**|
**Cash at Bank and in Hand**||31st March 2023|31st March 2022||
||||£|£||
|||Co-op bank|117,606|
129,702||
|||CAF bank|148|||
|||Total|117,754|
129,702||
|||||||
37
|**10**
**Creditors falling due within one year**||31st March 2023
31st March 2022|
|---|---|---|
|||£
£|
|Tax and Social Security||365
897|
|Audit fee and other accrual||100
2,377|
|Total||465
3,274|
||||
||||
||||
||||
|**11**
**Restricted Fund**|Balance at
31.03.2022|Incoming resources
Outgoing
resources
Transfers
between funds
Balance at
31.03.2023|
||£|£
£
£
£|
|Child/Family Partnership|17,062
45,163
(43,046)
(1,925)
17,254||
|Hait|-
429
(356)
-
73||
|
Nepal|2,931
1,725
(1,071)
559
4,144||
|Tanzania|100
20
-
-
120||
|Trips|-
(605)
1,500
895||
|Romania|16,359
8,489
(42,836)
31,754
13,766||
|India|3,716
400
(1,651)
1,201
3,666||
|Malawi Projects|270
3,300
(7,757)
4,009
-178||
|Dignity|9,054
2,735
(9,023)
6,288
9,054||
|Appeals|13,818
10,382
(1,460)
(19,029)
3,711||
|Dobrovat|20,639
-
-
-
20,639||
|Total|83,949
72,643
(107,805)
24,357
73,144||
||||
||||
|**12**
**Analysis of Net Assets between Funds**|Unrestricted Funds
Restricted Funds
31st March 2023||
||£
£
£||
|Tangible Fixed Assets|600
-
600||
|Current Assets|45,559
73,144
118,703||
|Current Liabilites|(465)
-
(465)||
|Net assets at 31st March 2023|45,694
73,144
118,838||
||||
||||
38
**13 Fees for the examination of the Accounts**
31st March 2023 31st March 2022 100 100
|**14**
**Staf Costs**|31st March 2023
31st March 2022|
|---|---|
||£
£|
|Salaries|44,241
54,206|
|Social Security Costs|-
-|
|Pension Costs|902
1,079|
|Total|45,143
55,285|
|||
|||
|||
|**15 The average number of Employees in the year**|31st March 2023
31st March 2022|
|Fundraising|0
0|
|Charitable actvites|2
2|
|||
|||
|**16**
**Trustee Expenses**||
||31st March 2023
31st March 2022|
|Number of Trustees who were paid expenses|0
0|
|||
|**17**
**Trustees remuneraton and Related Party transactons**||
|||
|No trustees received any remuneraton or benefts during the year or the preceding year.||
|||
|No trustee or any person related to the charity had any personal interest in any transactons entered into by the charity||
|during the year or the preceding year||
|||
|**18**
Taxaton - no tax charges have arisen for the charity during the year or the preceding year.||
|||
|**19**
The charity is a company limited by guarantee and has no share capital||
|The liability in respect of the guarantee is limited to £1 per member.||
39
## Independent Examiner’s **Report**
## Independent Examiner’s statement
This report on the financial statements of People against Poverty for the year ended 31st March 2023, which are set out on these pages, is in respect of an examination carried out in accordance with the Charities Act 2011 (“the Act”).
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
Respective responsibilities of the Trustees and the examiner
As Trustees of the People against Poverty charity, you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an Independent Examination is needed. It is my responsibility to
- to prepare accounts, which accord with the accounting records and comply with the requirements of the Act have not been met: or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- examine the accounts under section 145 of the Act,
- to follow the procedures laid down in the general directions given by the Charities Commission (under section 145 (5)(b) of the Act),
## In my opinion
3. The financial statements are in agreement with the accounting records kept by the charitable company under section 386 of the Companies Act 2006
- to state whether particular matters have come to my attention.
## Basis of Independent Examiner’s Statement
4. Having regard only to and on the basis of the information contained in those accounting records, the financial statements have been drawn up in a manner consistent with the accounting requirements specified in Section 396 of the Companies Act 2006 and the charitable company satisfied the conditions for exemption from an audit of the financial statements for the year specified in the Companies Act 2006 and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemption.
My examination was carried out in accordance with the general directions given by the Charities Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Ashlar House 58a Combe Road Combe Down Bath BA2 5HZ
Richard HW Beath BSc FCCA
40
## Funding infrastructure that creates selfsustaining communities
_‘God bless you for helping us with the photovoltaic panels. Due to our own electricity generation, this year we managed to use the egg incubator twice. There is life on the farm, we thank God but also you who helped us get here… without you we would have been the poor of Romania along with many others.’_
41
## Looking **Ahead**
At People against Poverty we are passionate about helping people find their pathway out of poverty. With ever increasing challenges at home and abroad, we see how much more we can do, and looking ahead, are motivated and determined to increase our efforts yet further.
Building on our strong foundations of the last 20 years, we now have an exciting new strategy for growth in place, to further develop the charity and see more lives changed.
Over the next five years, we are looking to grow our reach, to expand the range of projects we fund working in partnership with others, and help more people in the UK and around the globe, continually increasing the impact of the work we do.
To achieve this, we will need to grow our income – challenging in the current climate – but we know there are many more who share our vision to alleviate poverty by enabling self-sustainability, and we are confident that, as we share our stories of lives being changed to a wider audience across the UK, more individuals and businesses will join our #movementforchange so we can change lives together.
As we look to grow, we are, as ever, incredibly grateful to our committed, faithful group of supporters – individuals, businesses, trusts and churches – many of whom have been supporting our work since the beginning. Your generosity has changed so many lives already and we are delighted that you are continuing the journey with us as we seek to help many more.
And to our project leaders, some of whom have found their own way out of poverty and are now giving back, who are working tirelessly to support their communities, combatting day to day challenges to bring hope and a brighter sustainable future to those struggling with poverty – we are so grateful for your work and so glad to partner with you.
To all of you – supporters, project leaders, and those who are looking to join our #movementforchange in the coming months – thank you! We are delighted that you are part of our community and we are excited to work together to see more lives changed in the months and years ahead.
With every blessing
Belinda
Belinda Wadsworth, Chief Executive Officer
42
With grateful **thanks to all our supporters**
Individual donors (including legacies): £110,352 Business Against Poverty donations: £44,646 Trusts and Foundations: £8,412 Churches: £2,400
43
We change lives together
People Against Poverty c/o Alanbrookes Group
10 Market Place
Devizes Wiltshire SN10 1HT
Registered Charity no. 1097858.
A Limited Company, registered in England and Wales, no. 4727350.