|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|4|
|Report ofthe fndependent
Auditors|5|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|12|to|19|
##
|TRUSTEES|GLubner CEO||||
|---|---|---|---|---|
||EBeinart Chief Executive||||
||LBergman Management|||Consultant|
||K De Gier-Formanek||Ceo||
||JJanson Managing|Director (resigned 28.11.2020)|||
||GW Johnson Director||(resigned 22.3.2021)||
||JA Julyan Solicitor||||
||LM Mvelase - Julyan||Bookkeeper (resigned 19.5.2020)||
||N Olsha Solicitor||||
||H W Sinclair Business||Development||
|COMPANY SECRETARY|Stonehage Fleming|Services Limited|||
|REGISTERED OFFICE|15Suffolk Street||||
||London||||
||SW1V4HG||||
|REGISTERED COMPANY|04769362 (England|and Wales)|||
|NUMBER|||||
|REGISTERED CHARITY|1101556||||
|NUMBER|||||
|AUDITORS|Grant Harrod Lerman||Davis LLP||
||Chartered
Accountants||||
||Statutory
Auditors||||
||1stFloor||||
||Healthaid
House||||
||Marlborough
Hill||||
||Harrow||||
||Middlesex||||
||HA 1 1UD||||
|LEGAL ADVISORS|Maitland
Jk Co||||
||5th Floor||||
||44-48 Dover Street||||
||London||||
||W1S4NX||||
|BANKERS|Barelays Bank||||
||68Evington Rd||||
||Leicester||||
||LE2 1HJ||||
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|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|||||
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies||1,443,216|670,287|2,113,503|1,715,432|
|Other trading actividcs||22||22||
|investment
income||194||194|156|
|Total||1,443,432|670,287|2,113,719|1,715,588|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Charitable
expenditure||1,190,165|970,974|2,161,139|1,820,819|
|Raising funds||94,341||94,341|118,455|
|Total||1,284,506|970,974|2,255,480|1,939,274|
|NET INCOME/(EKPENDITURE)||158,926|(300,687)|(141,761)|(223,686)|
|Transfers between funds|10|(300,687)|300,687|||
|Net movement
in funds||(141,761)||(141,761)|(223,686)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward||461,577||461,577|685,263|
|TOTAL FUNDS CARRIED FORWARD||319,816||319,816|461,577|
||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fimd|funds|funds|funds|
|||Notes|6||6||
|CURREN'T ASSETS|||||||
|Oebtors||8|53@93||53„393|197225|
|Cash atbsnh|||271+23||271/23|269„152|
||||324,616||324,616|466,377|
|CREIIITORS|||||||
|Anmunts
falfing due vdthinone|year|9|14,800&||(4,800)|(4,800)|
|NKT CURRENT ASSETS|||319,816||319,816|461,577|
|TOTAI ASSETSLESS CURRENT|||||||
|.LIASILffIES|||319,816||319,816|461,577|
|NET ASSETS||||||461,577|
|FUNIIS|||||||
|Unrestricted
funds|||||319,816|461,577|
|TOTAL FlJNIIS|||||319,816|461,577|
##
||||fo|r the year ended 31|stDecember 2020||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||Notes||f.|
|Cash flows from operating|aciivities||||||
|Cash generated
f'rom operations||||1|1,877|(262,337)|
|Net cash provided
by/(used|in)|operating||activities|1,877|(262,337)|
|Cash flows from investing|aciivities||||||
|Interest received|||||194|156|
|Net cash provided by invesmig||activities|||194|156|
|Change in cash aad cash equivalents|||in||||
|the reporting
period|||||2,071|(262,181)|
|Cash and cash equivalents|at|the|||||
|beginning
ofthe reporting|period||||269,152|531,333|
|Cash and cash equivalents|at|the end|of||||
|the reporting
period|||||271,223|269,152|
##
|RECONCILIATIO
AC~ S|N
OFN|ET E|XPENDITURE TONET CASH FLOW|FROM OPERATEV|G|
|---|---|---|---|---|---|
|||||2020|2019|
|||||f.||
|Net expenditure
for the reporting|||period (as per the Statement of|||
|Financial Activities)||||(141,761)|(223,686)|
|Adjustments
for:||||||
|interest received||||(194)|(156)|
|Decrease/(increase)|in debtors|||143,832|(22,440)|
|Decrease
in creditors|||||(16,055)|
|Net cash provided|by/(used|in) operations||1,877|(262,337)|
##
##
|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.1.20|Cash flom|At 31.12.20|
|Net cash||||
|Cash at bank|269,152|2,071|271,223|
||269,152|2,071|271,223|
|Total|269,152|2,071|271,223|
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|2.|DONATI|ONS
AND LEGACIES|||
|---|---|---|---|---|
||||2020|2019|
||Donations||2,113,503|1,715,432|
|3.|OTHER|TRADING ACTIVITIES|||
||||2020|2019|
||Other income||22||
|4.|INVESTMENT INCOME||||
||||2020|2019|
|||||I|
||Deposit account interest||194|156|
|5.|CHARITABLE ACTIVITIES COSTS||||
|||||Direct|
|||||Costs|
||Charitable|expenditure||2,161,139|
||Raising funds|||94,341|
|||||2,255,480|
##
##
|There were
no
trustees'
expenses
paid
for the year
ended
31
31stDecember 2019.|There were
no
trustees'
expenses
paid
for the year
ended
31
31stDecember 2019.|st December
20|20 nor for t|he year
ende|
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL||ACTIVITIES|||
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
||||0|f.|
|INCOME|AND ENDOWMENTS FROM||||
|Donations|and legacies|1,544,932|170,500|1,715,432|
|Investment|income|156||156|
|Total||1,545,088|170,500|1,715,588|
|EIIPENDITURE ON|||||
|Charitable|activities||||
|Charitable|expenditure|1,650,319|170,500|1,820,819|
||Page 14|||continued. ..|
##
|||Notes to the Financial Statements - c
for the year ended 31stDecember|Notes to the Financial Statements - c
for the year ended 31stDecember|Notes to the Financial Statements - c
for the year ended 31stDecember|Notes to the Financial Statements - c
for the year ended 31stDecember|ontinued
2020|||
|---|---|---|---|---|---|---|---|---|
||COMPARATIVES|FOR THE STATEMENT OF FINANCIAL||||ACTIVITIES|- continued||
|||||||Unrestricted|Restricted|Total|
|||||||fund|funds|funds|
|||||||6|||
||Raising funds|||||118,455||118,455|
||Total|||||1,768,774|170,500|1,939,274|
||NKT INCOME/(EXPENDITURE)|||||(223,686)||(223,686)|
||Transfers between|funds||||542,712|(542,712)||
||Net movement
in funds|||||319,026|(542,712)|(223,686)|
||RECONCILIATION||OF FUNDS||||||
||Total funds brought|fotward||||142,551|542,712|685,263|
||TOTAL FUNDS CARRIED FORWARD|||||461,577||461,577|
|8.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||
||||||||2020|2019|
||Prepayments
and accrued income||||||53,393|197,225|
|9.|CREDITORS: AMOUNTS FALLING DUE|||WITHIN ONE YEAR|||||
||||||||2020|2019|
||Accrued expenses||||||4,800|4,800|
|10.|MOVEMENT IN FUNDS||||||||
|||||||Net|Transfers||
||||||movement||between|At|
|||||At 1.1.20||in funds|funds|31.12.20|
|||||||f,|||
||Unrestricted
funds||||||||
||General fund|||461,577||158,926|(300,687)|319,816|
||Restricted funds||||||||
||Agripreneurship|||||(7,912)|7,912||
||Libraries|||||(69,096)|69,096||
||Covid-19 Emergency|||||(2,019)|2,019||
||Core||||(286,771)||286,771||
||Technology
Transforms||Lives|||65,111|(65,111)||
||||||(300,687)||300,687||
||TOTAL FUNDS|||461,577|(141,761)|||319,816|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||8||
|Unrestricted|funds|||||
|General fund|||1,443,432|(1,284,506)|158,926|
|Restricted funds||||||
|Agripreneur|ship||43,480|(51,392)|(7,912)|
|Libraries|||67,539|(136,635)|(69,096)|
|360Services|||25,000|(25,000)||
|Covid-19 Emergency|||395,351|(397,370)|(2,019)|
|Core|||30,766|(317,537)|(286,771)|
|Technology|Transforms|Lives|108,151|(43,040)|65,111|
||||670,287|(970,974)|(300,687)|
|TOTAL FUNDS|||2,113,719|(2,255,480)|(141,761)|
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.19|in funds|funds|31.12.19|
|||||6|8|
|Unrestricted|funds|||||
|General fund||142,551|(223,686)|542,712|461,577|
|Restricted funds||||||
|All Sites||522,081||(522,081)||
|Other - Icon||20,631||(20,631)||
|||542,712||(542,712)||
|TOTAL FUNDS||685,263|(223,686)||461,577|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||6|||
|Unrestricted|funds||||
|General fund||1,545,088|(1,768,774)|(223,686)|
|Restricted funds|||||
|ICT Centres||88,000|(88,000)||
|Agripreneurship||17,500|(17,500)||
|Libraries||40,000|(40,000)||
|360Services||25,000|(25,000)||
|||170,500|(170,500)||
|TOTAL FUNDS||1,715,588|(1,939,274)|(223,686)|
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.1.19|in funds|funds|31.12.20|
||||6||||
|Unrestricted|funds||||||
|General fund|||142,551|(64,760)|242,025|319,816|
|Restricted funds|||||||
|All Sites|||522,081||(522,081)||
|Other - Icon|||20,631||(20,631)||
|Agripreneurship||||(7,912)|7,912||
|Libraries||||(69,096)|69,096||
|Covid-19 Emergency||||(2,019)|2,019||
|Core||||(286,771)|286,771||
|Technology|Transforms|Lives||65,111|(65,111)||
||||542,712|(300,687)|(242,025)||
|TOTAL FUNDS|||685,263|(365,447)||319,816|
##
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||6||
|Unrestricted|funds|||||
|General fund|||2,988,520|(3,053,280)|(64,760)|
|Restricted funds||||||
|ICT Centres|||88,000|(88,000)||
|Agripreneurship|||60,980|(68,892)|(7,912)|
|Libraries|||107,539|(176,635)|(69,096)|
|360Services|||50,000|(50,000)||
|Covid-19 Emergency|||395,351|(397,370)|(2,019)|
|Core|||30,766|(317,537)|(286,771)|
|Technology|Transforms|Lives|108,151|(43,040)|65,111|
||||840,787|(1,141,474)|(300,687)|
|TOTAL FUNDS|||3,829,307|(4,194,754)|(365,447)|
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