Charity No 1100164 

# THE DON McMATH FOUNDATION (UK FUNDRAISING) 

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 



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Page 1 

## THE DON McMATH FOUNDATION (UK FUNDRAISING) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2023 

## Governing Document 

The Charity is constituted by the Declaration of Trust dated 3 May 2003 as amended by the supplemental Deed dated 25 September 2003. The Charity was formed to raise funds and sponsorship for the advancement ofthe education of children in The Gambia of infant and primary school age and the advancement of adult education and literacy in The Gambia. 

## Trustees 

The Trustees for the year were: 


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|||||
|---|---|---|---|
|Anne McMath|Michael|McMath|
|Paul|McMath|Graham|Cook|
|Judy|McMath|Nick|Marshall|
|Shelly|Grierson|Sarah McMath|

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## Achievements 

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 anda hall. The total cost of the four buildings was £101,313 and enables us to offer free education to children from 5-16 years. 

We also pay fees for 3 years for any of our students who obtain a place at Senior School. This year we have received a few donations that are to be used to help any of our students who managed to get a place at University. We helped 9 student with fees of £4980 approx.. We have continued our maintenance programme of the buildings. 

Due to flooding of the Nursery we have had the roof overhauled, new ceilings installed and both of the classes and outside of the building being repainted. 

Also the Lower Basic was repainted, both classes, the outside and the walls of the compound. Electrics were updated and Internet Fibre installed. 

We are continuing to replace the windows with laminated glass as a safety measure which is expens We are gradually replacing text books as some are now very old. 

## Financial Review 

During the year ended 31 May 2023, sponsorship raised £31730 (2022: £27434), 

We received in donation this year £21743 which meant that our donations, fundraising and gift aid provided another £35962 (2022 :£13422) 

We transferred £57769 to The Gambia and spent £1283 from goods shipped out to the school. The direct expenses and overheads of running the school came to £57769 (2022: £44430). this included 44 pupils we have sponsored this year at Senior Secondary School and 9 at University The Hardship Fund expenses were £562 this year. The money from this is being used to help very disadvantaged pupils with food at lunch times and medical expenses 

## Public Benefit 

The Trustees have had regard to the Charity Commission guidance on public benefit. The Trustees believe that the advancement of education in The Gambia is a clear public benefit. 



Page 2 

## THE DON McMATH FOUNDATION (UK FUNDRAISING) 

## TRUSTEES’ REPORT (continued) 

FOR THE YEAR ENDED 31 MAY 2023 

## Reserves Policy 

The Trustees have examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds held by the Charity should be six months of the total expenditure on school running costs which is approximately £21000. 

## Ptans for Future Periods 

From September 2023 the number of children on the register will be 342. This does not include pupils who have done well in this year's Grade 9 National Exams who we will continue to fund at Senior Secondary school for three years. At present we are also funding 44 such pupils. 

We are planning to continue to renewing old text books and buy additional resources. We are also continuing major maintenance work on the buildings. 

We are continuing with our University programme and will be sponsoring at least 2 new students at University this coming year. 

The Charity is actively seeking further sponsorship and donations which will enable the school to continue educating pupils to Senior Level and for continuing the maintenance of the buildings . 

The Trustees declare that they have approved the Trustees' Report. 

Signed: ady McMathAV[e][Vl,] - Trustee[,] 



Page 3 

## THE DON McMATH FOUNDATION (UK FUNDRAISING) PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2023 


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||||||||
|---|---|---|---|---|---|---|
|Note|2023|2022|
|Incoming|Resources|
|Voluntary|Income|2|67817.00|40761.00|
|Activities|for|Generating|Funds|3|48.45|94.55|
|Investment Income|a|106.52|3.95|
|Total|Incoming|Resources|£|67971.97|£|40859.50|
|Resources|Expended|
|Fundraising|Costs|-|6.43|
|Charitable|Expenditure|5|59301.94|46315.01|
|Governance|Costs|6|699,26|500.06|
|Total|Resources|Expended|£|60001.20|£|46821.50|
|Net Incoming Resources|7970.77|)|(5962.00|)|
|Total Funds|brought forward|37443.75|43405.75|
|Total|Funds|carried forward|£|45414.52|£|37443.75|

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All funds are unrestricted and there are no endowment funds. 



Page 4 

## THE DON McMATH FOUNDATION (UK FUNDRAISING) BALANCE SHEET 

AS AT 31 MAY 2023 

||2023|2022|
|---|---|---|
|CURRENT ASSETS|||
|GiftAidDebtor|665.00|435.50|
|Barclays SavingsAccount|45097.71|3674735|
|Barclays CurrentAccount|8579.63|7437.77|
|Barclays Hardship Fund Account|2838.65|3530.77|
|Prepayment|(920.42 )|292.44|
||56260.57|48443 83|
|CURRENT LIABILITIES|||
|Sponsorship paid in advance|4560.00|4398.06|
|University fundprepaid|6286.05|6602.02|
||10846.05|11000.08|
|NETASSETS|£ 45414.52|£ 37443.75|
|Represented by:|||
|UnrestrictedFunds|£45414.52|£43405.75|



Signed: &ucdi.,M McMath --Prustee ere 



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## THE DON McMATH FOUNDATION (UK FUNDRAISIN'G) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 

## Page 5 

1. Accounting Policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. 

## (a) Basis of accounting 

The financial statements are prepared under the historical cost convention in accordance with applicable accounting standards, the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Charities Act 2011. 

## (b) Incoming resources 

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

- Voluntary income is received by way of grants, donations and gifts and is included in full 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 has not been included in these accounts. 

- Investment income is included when receivable. 

(c) Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: 

- Costs of generating funds comprise the costs associated with attracting voluntary income. 

- Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries, It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

- Governance costs include those costs associated 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 ofthe resource. All costs are allocated directly. 



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## THE DON McMATH FOUNDATION (UKFUNDRAISING) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MAY 2023 

## Page 6 

|2.|VoluntaryIncome||2023||2022|
|---|---|---|---|---|---|
||Sponsorship<br>Donations<br>GiftAidTax||31730.24<br>30166.76<br>5920.00||27433.58<br>9088.42<br>4239.00|
|||£|_67817.00|£ 40761.00||
|3.|Activities forGeneratingFunds<br>Fundraising|£|4545|£|94.55|
|4.|Investment Income|||||
||Interestreceived|£|106.52|£|3.95|
|5.|CharitableExpenditure|||||
||Transferred toThe Gambia<br>GoodsforSchool<br>Shipping Costs||57769.30<br>1282.64<br>250.00||44430.22<br>1221.84<br>662.95|
|||£|$9301.94|£ 46315.01||
|6.|Governance Costs|||||
||OfficeExpenses<br>BankCharges<br>Accountancy<br>MiscellaneousExpenses||143.54<br>165.00<br>264.00<br>126.72||44.18<br>90.00<br>300.00<br>65.88|
|||£|699.26|£|500.06|



7. Staff Costs No remuneration was paid to Trustees in the year nor were any Trustees’ expenses reimbursed. 

8. Transfer to The Gambia 

|TheCharityregularlytransfersfundstoTheGambiatopayforeducationofthe<br>childrenandmaintenance ofthe school. TherecipientofthetransferredfundsisThe<br>Don McMathFoundationwhich isincorporated asacharitablecompanyinThe<br>Gambia. TheaccountsforTheGambia showthetransfersfromtheUKasbeing<br>spent as follows:|
|---|
|2023<br>2022<br>Schoolequipmentandtext books<br>3210<br>2168<br>Teachers’ salariesandotherschool costs<br>43852<br>36711<br>Schooloverheads, rent, electricity,repairs, etc<br>2354<br>1741<br>Maintenance andsundries<br>7791<br>3447<br>Shipping cost<br>-<br>-|
|Hardship fund<br>562<br>363<br>Total<br>£<br>57769<br>£<br>44430|





Page 7 

## THE DON McMATH FOUNDATION (UK FUNDRAISING) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MAY 2023 

## 9. Gifts in Kind 

Gifts in kind include secondhand books, computer equipment and writing materials, all for the use of the Charity. The value of these items is not material and not included in the financial statements. 



## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DON McMATH FOUNDATION (UK FUNDRAISING) 

## Appendix 

T report to the charities trustees on my examination of the accounts of the Trust for the year ended 31 May 2023, which are set out on pages 3 to 7. 

## Responsibilities and basis of report 

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) 

I report in respect of my examination ofthe charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent Examiner's Statement 

I have completed my examination. I can confirm that no material matters have come to my attentio in connection with the examination giving me cause to belive that in any material respect: 

1. accounting records were not kept in respect ofthe charity as required by section 130 ofthe Ac 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 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 pa of an independent examination. 

I 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. 


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## Rachel Taylor FCA 

Acuity Professional Partnership LLP Unit 2.02 High Weald House 

Glovers End 

Bexhill East Sussex TN39 SES Date: Lali 2leees