Charity No 1100164 THE DON MCMATH FOUNDATION (UK FUNDRAISING) STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 I￿y 2024 THE DON MCMATH FOUNDATION (UK FUNDRAISING) TRUSTEES, REPORT FOR THE YEAR EIYDED 31 MAY 2024 Page I Governing Document The Charity is constituted by the Declaration of Trust dated 3 May 2￿3 as amended by the supplemental Deed dated 25 September 2003. The Charity was tonned to raise funds and sponsorsbip for tbe advallcement of the ethlcation of children in The Gambia of infant aod primary school age and the advancement of adult education and litera¢y ill The Gambia. Trustees The Trustees for the year were: Anne Mcmath Paul Mcmatk Judy Mcmath Shelley thierson Michael Mcmath Graham Cook Nick M￿S￿all Sarah Mcmath Acbievements The school in The Gatnbia opened 6 January 2003 with a class of 30 children. Fundraising enabled the Chaity to build three separate cl&8sroom blocks and a hall. The total cost of the four buidings was £101,313 and enables us to offer free education to children from 5-16 years. We also pay fees for 3 y¢ars for any of our students who obtain a pl&e at Senior School. This year we have recelved a few donations that are to be used to belp any of our students who allaged to get a place at University, We helped 15 student with fees of £6095. approx. We have continued our maintainellce programme of the builth'ngs. This year we have Tebuilt one of our ¢esspits as it was nearly 20 years old and in a bad condition. The Hall had problems when it rained due to the pitch of the root. so the front of the hall w&8 beightened and a new cornigate was installed. We are Continuing to replace windows with laminaied glass as a safty measure which Es expensive We are gradually replacing text books as some are very old inanei81 Review During the year ended 31 May 2024. sponsoFsbip raised £33535 (202.3: £31730), We received in donation this year £11300 which meant that ollr donations. funthatsillg and gift aid provided another £17405 (2023 ..£35962) We transferred £50311 to The Gambia and spent £757 for goods shipped out to the school. The direct expenses and oveTb¢ads of ￿nn1llg the school came to £50311 (2023.. £57769). this includ¢d 44 pupils we bave sponsored tliis year at Senior Secondary School and 15 at Universit) The Hardship Fund expenses were £416 this year. The ￿olleY from this is being used to help very disadvantaged pupils with food at lunch times and medical expenses We spent £2225 on havillg a new website built and updating accountancy progranmes. Public Benefit The T￿SteeS have had regard to the Charity Commission guidance on public benefit. The TNstees believe that the advancement of education in The Gambia is a cl¢ar public benefit. THE DON McK4TH FOUNDATJON (UK FUNDRAISING) TRUSTEES, REPORT (continued) FOR THE YEAR EIYDED 31 MAY 2024 Page 2 Reserves Policy The Trnstees have exaD]ined th¢ Charity's requirements for reserves in light of the maill risks to the Organ￿atiOn. It has establl'shed a policy whereby the unrestricted funds held by the Charity should b¢ six months of the total expenth'tllre on school runoing costs which is appToximately £25000. Plan5 for Future Periods From September 2024 the number of clll'ldren on the re￿ster will be 338. Th's does not An¢lude pupils who have done well in this yeaes Grade 9 National Exa￿￿ who we will continue lo fund at Senior Secondary school for three years. At present we are also fi￿dIng 45 such pupils. We are planning to colltillue to renewing old text books and buy additlollal resourses. We are also continuitLg major maintenance work on the buildings. We are continuing with our University programtlle and will be sponsoring at le&st 2 new students at University thi's coming year. The Charity is acttvely seeking further sponsorsliip aod donations which will enable the school to continue educating pupils to Senior Level and for ¢ontinuing the maintainen¢e of the buildings . The Trnstees declare that they hav¢ approv¢d the TNstees' Report. Signed: Judy Mcmath - Trustee THE DON MCMATH FOUNDATION (UK FUNDRAlStNG) PROFJT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024 Page 3 Note 2024 2023 Incomillg Resources Voluntary Inconie ActiNities for Generdting Funds Investment Income Total Incoming Resources 50895.78 43.73 526.01 £ 51465.52 67817.00 48.45 106.52 £ 67971.97 Resource5 Eipended Fundraising Costs Chantable Expenditur¢ Governance Costs Total Resources Expended 51068.43 2800.89 £ 53869.32 59301.94 699.26 £ 60001.20 Net Incomlng Resources Total Funds brought forward Total Funds carried forward (2403.80) 45414.52 £ 43010.72 7970.77 37443.75 £ 45414.52 All funds are unr¢stricted and there are no endowmellt fijnds. THE DON MCMATH FOiINDATION (Uk FUNDRAISING) BALANCE SHEET AS AT 31 MAY 2024 Page 4 2024 2023 CURRENT ASSETS Gift Aid Debtor Barclajs SaviThgs Account Barclays Current Account Barclays Hardship Fllnd Account Prepayment 1864.00 3948l.66 7269.41 3152.66 2768.52 54536.25 665.00 45097.71 8579.63 2838.65 { 920.42) 56260.57 CURRENT LIABILITIES Sponsorship paid in advance University fund prepaid 1410.00 10115.53 11525.53 4560.00 6286.05 10846.05 NET ASSETS £ 43010.72 £ 45414.52 Represenied by: unrestrict￿ Funds £ 43010.72 £ 45414.52 Signed.. M McMaffi-'Trustee THE DON MCMATH FOUNDATION IUK FUIYDRAlStNG) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MAY 2024 Page 6 2024 2023 2. Voluntary Income Spollsorship Donations Gift Aid Tax 33534.80 11299.85 606I.13 50895.78 317.30.24 30166.76 5920.00 £ 67817.00 3. Aetlvities for GeneratffiDg Funds Fundraising 43.73 45.45 4. Investment IDcome Interest received 526.01 106.52 5. Charitable Expenditure TraDsferred to The Gambia Goods for School Shipping Costs 50311.06 431.38 325.99 51068.43 57769.30 1282.64 250.00 £ 59301.94 6. Governance Costs OffJ¢e Expenses Website and programme costs BaEJk Charges A¢¢ountancy Miscellaneous Expenses 21.49 2225.00 189.00 300.00 65.40 2800.89 143.54 165.00 264.00 126.72 £ 699.26 7. Staff Costs No remun￿atIOll was paid to Trustees in the year nor were £￿Y Tn￿te¢s, expenses reillkbursed. THE DON MCMATH Foul￿ATION (Uk FUNDRAISING) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 I￿y 2024 Page 5 l. Acujunting Policies The principal accounting policies are summarised below. The accounttng poli¢ies have been applied consistently throughout th¢ year and in the precedlng year. (a) Basis of accounting The fAll8ncial statements are prepated under the historical cost collvelltion in rdance with applicable accountillg standards, the Statemenl of Recommended Practice.. Accounting and Reporting by Ch&ities issued in Marth 2005 and the Charities Act 2011. (b) Incoming resources All incoming r¢sources are included in the statement of financial activities when the Ch￿￿ty is entitled to the income and the amount be quantified with reasonable accuracy. The following specific policles are appli¢d to particular categories of income.. Voluntary income is received by way of grants, d0th7tions and gifts and is included io in the Statement of Financial Activities when re¢eivable. Donated services and facilities are Included at the value to the Charity where this can be quantified. The value of services provided by volut)teers has not been illcluded in these accounts. Investtnent income is included when receivable. (e) Resourees Expended Expendtture is recognised on an accrual basis as a liability is incurred. Expenditure includes aoy VAT whAch cannot be fillly recovere￿ and is i¢ported &s part of the expenditure to which it rdates.. 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 tbat Can be allocated directly to such activities and those costs of an indirect natur¢ n¢cessary to support them. Governance costs include those costs associated with meeting the ¢onstitutsollai and statutory requirements of the Chatity. All costs are allocated between the expelldlture categories of the SOFA on a basis desiwjed to reflect the use of the resource. All ¢Ck8ts are allocated directly. THE DON MCMATH FOUNDATION (UK FUNDRAISING) NOTES TO THE ACCOUTr4TS {continued) FOR THE YEAR ENDED 31 MAY 2024 Page 7 8. Transfer to The Gafflnbia The Charity regularly transfers ￿ndS to The Gambia to pay for education of the children and maintenance of the school. Th¢ recipient of the transferred funds is The Don Mcmath FoundatlOD which is Inco￿orated as a chatitable company in The Gan]bia. The accounts for Tlie Gatllbia show the transfeis from tbe UK as being spent &s follows.. 2024 1169 37093 1663 3875 2023 3210 43852 2354 7791 School equipment and text books Teachers, salaties and other school costs School overheads. rent, electiicity, repair% etc Maintenanc¢ and 5undries Slu'pping ¢ost Hardship fund University fund TotaI 416 6095 50311 562 57769 9. Gifts in Kind Gifts in kind include secondhand books. computer equipment and writing mat¢ria]s, all for the use of the Charity. The value of these it¢ms is Dot material and not included in the fmallcial statements. INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF THE DON MeMATH FOUNDATION {UK FUIWRAISING) Appendix I re￿rt to the charities trustees on my examination of the accounts of the Trust for the year ended 31 May 2024. which are set out on pages 3 to 7. Responsibi]iti¢s ¥nd bas￿ of report As the chariws trustees you are responsible for the prepardlion of the accounts in accordance with the requirements of the Charities Act 2011 Ohe Act? I re￿rt in respect of my examination of the ¢hority's accounts Ca￿led out under se¢lion 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 Ex4miD¢r's Statement I have completed my examination. l Can confirni that no material matters have come to my attention in conne¢tion with the examination giving me cause to belive that in any malerial respect: accounting records were not kept in respect of th¢ charity as required by s¢ction 130 of th¢ Act. 2. the accounts do not accord with those records; or 3. th¢ accounts do not comply wtth the applicable requirements concerning the forni and conlent of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'trne and fair view, which 15 not a matter ¢onsider¢d as pai1 of an ind¢pendent examination. I have no concenL8 and have come across no other matteTS in cotmeclion with the examination to which attention should be drawn in this report in order lo enable a proper und¢rstanding of the accounts to be Teached. Delx)rah HaTgr¢av¢s FCA Acuity Prof¢ssional Partnership LLP Unit 2.02 High W¢ald House Glovers End Bexhill Sussex TN39 SES Date: I I Is.l.)c*S......