Ckarity No Ill164 THE DON MCMATH FOUNDATION (UK FUNDRAISING) STATEMENT OF ACCOUNTS FOR THE YEAR E]YDED 31 MAY 2021
THE DON MeMATh FOiINDATION (UK FUNDRAISING) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2021 Page I Governlng Document The Charity is constituted by the De¢laMion of Trust dated 3 May 21)03 &8 amended by the supplemental Deed dated 25 September 2(K13. The Charity w&s forn)ed to raise funds and sponsorship for the advancement of the educalion of children in The Garnbia of infant and primary school age and the adVcernent of aduk education and literacy in The Gambia. Trustees The Trustccs for the year were." Anne Mcmath Paul Mcmath Judy Mcmath Michael Mcmath Graham Ck Nick Marshall A¢hievemeDts The school in The Gambia opened 6 January 2003 with a class of 30 children. Fundraising enabled the Charity to build three separate classroom blocks and a hall. Th¢ total $t of the four building5 was £101.313 and enables us to offer free edurAtion to children from 5-16 years. We also pay fea8 for 3 years for any of our students who obtain a place at Sfflior SchLN)I. This year we have received a few donations tha¢ ate to bc used to help any of our students who managed to get a place at UniveTsity. We helped 2 student with ftts of £1020 approx.. We have continued our Tnaintenanee programme of the buildings. We had to do intensive Tcpairs on one of our eess pits ]Ch had been damaged by rats. We have ontinued updated OUT electric system. We are also replacing gla83 in the windows with laminated gla&s as a safety rne&8ure. Finaneial Review During the year ended 31 May 2021, sponsorship raised £28445 (2020: £29871). Wc receivcd in donation this Ye £3286.89 which meanl that our donations, fundraising and gift aid provided another £7470.03 (2020 ..£34650 which included a donation of £30000) We transferred £37538.42 to The Gambia and spent £1187 from goo(Ls shipped out to the Sch1. The dirccl expcnses and ovetheads of numlng the school came to £37538.42 (2020: £33868). thi5 included 33 pupils we have sponsored this year at Senior Sccondary School and 2 at University The Hardship Fund expenses were £222 this year. The money from this is being used to help very disadvantaged pupils with f)d at lunch times and medical expenses Due to COVID 19 the school w&8 lockdown for severnl months and ¢xtra expenses were incurred to comply with The Gambia rules blic Beneflt The TnLSt¢¢s have had regard to the Charity Comtnission guidance on public benefjt. The Tntstees believe that the advancement of education in The Gambia is a clear public benefiL
THE DOIY MCMATH FOUNDATION (UK FUND1141SING) TRUSTEES, REPORT (colltinued) FOR THE YEAR ENDED 31 MAY 2021 Page 2 Reserves Policy The TTUStees have examined th¢ Charity's requirements for reserves fft light of the main risks to the QTganisation. It has established a policy whereby the unrestricted funds held by the Charity should be six months of the tothl exp¢nditwe on school Nnfting costs which is approximat¢ly £21000. PlaDS for Thtsre Periods Due to covid 19 there will be some on going expenses which we havc made allowgnces for. From S¢pt¢mber 2021 the number of children on the register will be 360. This does not include pupils who have done well in this ycarfs Grade 9 National Exams who we will continue to fund at Senior Secondary school for three years. At present we are also funding 33 such pupils. We are planning to continue to r¢newing old text books and buy additional r&sour¢e's. We are also continuing major maintenance work on the buildings. We are cimtinuing with our Univeftsity programme and will be sponsoring at least 2 new students at University this coming year. The Charity is actively seeking further swnsorship donations which will enable the sch(K)I to continue educating pupils to Senior Level and for continuing th¢ maintenanc¢ of the buildtngs . The Trustee5 de¢lare that th¢y have approved the Trustees, ReporL Sign. Mcmath - I rustee
THE DON M¢MATH FOUNDATION WKFUNDRAISING) PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2021 Page 3 Note 2021 2020 InmIng Resources Voluntary Incom¢ Activiti¢s for Gen*lAg Funds Investment Income Total Incoming Resourcej 35890.06 25.60 23.89 £ 35939.55 64521.35 59.30 £ 64580.65 R¢sourees Expended Fundrdising Costs Ch8rAtable Expenditure Governan¢e Costs Total Resourees Expended 13.41 39888.29 647.70 £ 40549.40 25.51 44157.81 1051.73 £ 45235.05 Net Incoming Resources Total Funds brought forward Total Funds Caled forward (4609.85) 48015.60 £ 43405.75 19345.60 28670.00 £ 48015.60 All fimds are unrestricted and there are no endownent funds.
THE DON MCMATH FOUNDATION (UK FUNDRAISING) BALANCE SHEET AS AT 31 MAY 2021 Page 4 2021 2020 CURRENT ASSETS Gift Aid Debtor Barclays Savings Account Barclays Current Awount Barclays Hardship Fund Account Prepayment 745.00 38807.02 5112.18 3690.70 5222.66 53577.56 732.50 49315.39 7647.62 3813.69 611.08 62120.28 CURREI¥T LIABILITIES Sponsorship paid in advance University fund prepaid 6563.27 2fjQL54 10171.81 9744.30 4360 38 14104.68 ET ASSETS £ 43405.75 £ 48015.60 Represented by: Unrestricted Funds £ 43405.75 £ 48015.60 Signed: "l-ru%l¢
THE DON MCMATH FOUNDATION (IJK FUNDRAISING) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2021 Page 5 l. Aeeountin8 Policies The principal accounting policies are summarised below. The OUnting policies have b¢cn applied ronsistently throughout the ye* and in the pre¢eding year. (a) BAsi4 of ac¢onntkng The fU1¢Ial statements are prepared under the historical cost cOnVtion in accordance with appltcable accounting 5tandard& the Statement of Recommended Practice: Accout)ting and Reporttng by Charities issued in March 2005 and the Charllics Act 2011. Ib) Incoming resources All incoming resources are included in the statement of fttwicial artivTties when the Charity is entitled to the income and the amount Can be qvantified with reasonable accuracy. The following specific policics are applied to particular categories of income: Voluntary income is received by way of 8raTts, donations and gifts and is included in fiill in the Statement of Financial Activities when receivable. Donated services and facilities are included at the value to the Charity where this can be quantified, The value of services provided by volunteers h&8 nol been included in these accounts. Investhient income is included when receivable. {c) Ro8ourees Expended Expenditure is recognised on an a¢¢n] basTrs as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as p&rt of the expenditure to which it lat¢S.. Costs of generating funds comprise the Costs asso¢iat¢d with attracting voluntary income. Charltable expenditure comprises those costs incurred by the Char&ty in the d¢liv¢ry of its activities and services for its beneflciaries. It includes both cOS that can be allocated directly to such activities and those costs of an indirect nature neceary to SUPPOrt them. Governan¢¢ costs include those costs ocIated with meeting the constitutional and statutory requirements of the Charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. All costs are allocated dir¢Gtiy. THE DON MeMATH FOUNDATION IUK FUNDRAISING) Page 6
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ElED 31 MAY 2021 2021 2020 2. Vol#ntsry Income Sponsorship Donations Gift Aid Tax 28445,63 3286.89 4157.54 35890.06 29870.53 30280.82 4370.00 £ 64521.35 3. Activitles for Generating Funds Fundraising 25.60 4. Investment lneome Inte5% r¢ceived 23.89 59.30 S. Charltable Expendithre Transferred to The Gambia Goods for School Shipping Costs 37538.42 1186.89 1162.98 39888.29 42881.20 1013.55 263.06 £ 44157.81 GovernAnce CILqts oirice Expenses B8nk Charges Accountancy Miscellaneous Expenses 199.76 120.00 3.00 27.94 647.70 639.84 60.00 240.00 111.89 £ 1051.73 7. Stsff cts No remuneration was paid to Trustees in the year nor were any Tntees, eXpseS reimbursed. 8. Transfer to The Gambivd Thc Charity regularly transf¢rs funds to The Gambta to pay for education of the children and maintenance of the school. The recipient of the transferred funds is The Don Mcmath Foundation which is incorporated as a charitable company in Th¢ Gambia. The accounts for The Gambia show the transfers from the UK as being spent as follows: 2021 2470 31475 1419 1952 2020 2001 31165 2703 6682 63 267 42881 School equipment and text books Teathers, salaries and other school Costs School overheads. rcnL electricity* rq>airs, etc Maintenance and sundries Shipping cost Hardship fill Totsl 222 37538
THE DON MCMATH FOUNDATION IUK FUNDRAISING) NOTES TO THE ACCOUNTS {¢ontiDued) FOR THE YEAR ENDED 31 MAY 21121 Page 7 9. Gifts in Kind Gifts in kind include second hand books. computer equipment and writing matsrials, all for the use of the Charity. The value of these items is not material and not included in the financial statements.
lIEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DON MCMATH FOUNDATION (IJK FUNDRAISING) Appendix I report to the charities trustees on my examination of the accounts of the Trust for the year ended 31 May 2021. which are set out on pages 3 to 7. RwDsibilities 2nd bgsis of report As the charitys twstees you att responsible for th¢ prwaration of the accounts in accordanc¢ with the requirements of the Charities Act 2011 Cthe Act,) I report in respect of my examination of the charity's accounts ¢arried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Clwity Commission under section 145(5)(b) of the Act. Independent Examiner's Statement I have complet¢d my examination. I can ¢onfirni that no material matters hove come to my attentioj in comKthion with the ¢xamination giving me rause to bclive that tn any rnaterial respect: accounting records were not kept in respect of the charity as required by section 130 of the Ad 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements concerning the form and content of aOunts set out in the Ch8rities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a *rne and fair view which is not a matter considered as p of an Indepdent eKqmination. I have no concerns and have come across no other matters in Connection with the exami[tIOn to which attention should be drawn in this report in order to enable a prnper underStdIng of th¢ accounts to be reached. Rachel Taylor FCA Acuity Professional Partnership LLP Unit 2.02 High Weald House Glover5 End Bexhill E&st Sussex TN39 SES Date: 18.02.2022