Charity No 73312002 DON Mc.MATH FOUNDATION Incorporated as a Charitable Company The Gambla STATEMEINT OF ACCOLTh' TS FOR THE IIAR 31 MAY 2022 DON MCMATH FOUNDATION Incorpoyated as a Charitable co￿PanY In The Gambia BALANCE SHEET AS AT 31 MAY 2022 Page I Note 2022 2021 FIXED ASSETS Building and Land Costs 5414032 2 5414032 CURRENT ASSETS PrepayThents Stock of badges Bank Curr¢nt Account Cash Account (13100) 4850 127855 56389 175994 10250 500619 17579 528448 CREDITORS Accrnals 50613 3 403067 125381 125381 TOTAL ASSETS LESS CURREYT LIABILITIES 5539413 5539413 Repr¢sented by: Unrestricted funds brought forward Siirplus for tbe year Unrestricted funds carried lorward 5539413 5539413 D 5539413 D 5539413 Signed: J lljuo P Mcmath ChairmanlTrll8tee DON MCMATH FOUNDATION Incoryorated as a Charitable Company in The Gambia INCOME AND EXPE￿I)ITL]lE ACCOLThT FOR THE YEAR ENDED 31 MAY 2022 Pag¢ 2 2022 2021 COME Transfer from UK 3068149 2517225 DEDUCT EXTEIYSES One Off Costs School Equipment re Upper Basic Maint¢nance Shippiug costs Teachers, training Hardship fimd Inspection report re nursery Graduation costs University fees Fees re Senior School 204965 89245 15000 25085 16000 14920 20000 132300 75975 68200 45500 (453325) (253865) Dirert Expenses Teachers, salari¢s Employers, tax and social security T¢a¢hers' travel Teachers, allowance School bonus¢s Other wages School uniforms Medical expenses Classroom resources 1077784 191414 484728 160 51900 375020 89400 1430 8250 904095 157443 379095 20790 64940 316666 76150 821 7600 (2280086) (1927600) Overheads Rent and land premium Water Electricity Upper Basic exams Books, computer and stationery Books - L'pper Basic 1380 I2078 43100 31560 124645 25105 1379 20008 29900 33340 126780 38840 Fl I Repairs and renewals Telephone Cleaning Miscellaneous expenses Travel expenses Bank Charges Cl]risttnas Parties 5)552 10250 6325 4220 16805 5718 41659 7750 5500 3650 18090 8864 (334738 ) (335760) EXCESS OF JNCOMK OVER EXPLM)ITURE DON MCMATH FOUNDATION Ineoryorated as a Charitable Company in The Gambia NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 I¥IAY 2022 Page 3 ACCOUNTING POLICIES Basis of preparation of accounts. The accounts are prepared under the historical cost convention and applicable accounting standards. b. Income Voluntary income and donations are included in income when they are receivable except when'donors, conditions hav¢ not been fulfilled. then the income is deferr¢d. The figures are expressed in Gajnbian Dalasi (D). 2021 2021 FIXED ASSETS School at Kotu, The G9mbia Building and Land Costs Cost brougbt forward Additions Cost Ca￿led fonv&rd 5414032 5414032 D 5414032 15414032 ACCRUALS Teachers, tsx and social security Other Money transfeTred for Jun¢ 2022 31909 (1303 ) 20007 D 50613 36837 1488) 364742 1 403067 INDEPENDENT EX4MINERS' REPORT TO THE 'fRLTSTEES OF DON l¥lcMATH FOLThT)ATION Illcorporated as a Charitsble Comp2ny in The Gambia Appendix We report to the charity tsustees on lliy examinatioTA of th¢ accounts of the Cjwity for the yeat endec 31 May 2022, which are set out on pages I to 3. Responsibililles and basis of report As the ¢haritys t￿st¢eS you are responsible for the pr¢paration of the accounts. We report in respect of our examination of th¢ charitys accounts by T¢viewing the source documents providcd by yourselves. Independent Examin¢r's Statement We have completsd my examinatio￿ We can confimi that no material n]atte￿ bave come to our attention in connection with the examination giviog us cawe to belive that in ally material respect.. l a￿Ount]llg records were not kept in reSP￿t of the charity. or 2 the accounts do not accord with those records. or 3 the a￿Ollnts do not comply with the applicable rwiirements concerning the fonn and content 01 accounts other than any requirement that tbe accounts give a'trne and fair view, whicb is not a atter considered as part of an independent examination. We have no concerns and have come across no other matters in connection with th¢ examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill Fast Susscx Th39 SES Date.. 25.01.2023