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2020-12-31-accounts

Company registered number 04807857

THE HALLER FOUNDATION

(Company registered by guarantee no. 04807857, registered charity no. 1101725)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

NfP Accountants Ltd

THE HALLER FOUNDATION

(Registered charity number 1101725)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2020

CONTENTS
Page
Reference and administrative Information 1
Trustees' Annual Report 2
Independent Examiner's report 10
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14

THE HALLER FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2020

Trustees Jonathan Ford (Chair) Louise Piper - Co-founder Guido Haller Daniel Haller Robert Otterson (resigned 03 August 2020) Kimberley Storey (appointed 10 August 2020) President Dr Rene Haller - Life President Charity reg. no. 1101725 Registered office 71 Mount Ephraim Tunbridge Wells TN4 8BG Independent Examiner Charles Ssempijja, ACA NfP Accountants Ltd No. 38, 52 Peckham Grove London SE15 6FR Bankers Cooperative Bank PO Box 250, Delf House, Skelmersdale, Lancashire WN8 6NY CAF Bank 25 Kings Hill House, Kings Hill, West Malling, Kent ME19 4JQ

1

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

The directors, who are the trustees of the charitable company for the purposes of charity law, present their annual report and financial statements of the Haller Foundation for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Articles of Association (2015), the Companies Act 2006, and charities regulations, Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution and governing document

The Haller Foundation was registered as a company limited by guarantee in England and Wales, incorporated at Companies House in June 2003. The company is also a registered charity with the charity commission, registered number 1101725. The Haller Foundation constituted under The Memorandum and Articles of Association for a charitable company dated 9 May 2003, last amended on 12 April 2015.

The governance of the charity is the responsibility of the Trustees. Day to day management during the period was by the de facto CEO, supported by the Board of Trustees as needed.

Method of appointment or election of the Trustees

Trustees are nominated through a nominations committee and then elected by the Board, and stand for up to three years, after which they are subject to re-election. Regular reviews are held to identify any expertise gaps within the Board of Trustees and appointments are made where required to strengthen the Board of Trustees, subject to all trustees’ approval.

No other person or external body is entitled to appoint any trustees of the charity. The Trustees who served during the period and after the year end are shown on page 1.

Policies adopted for the induction and training of Board of Trustees

New trustees meet with the Chief Executive and / or a nominations committee comprised of existing trustees. Potential incoming trustees are given the opportunity to observe a board meeting before committing to join the board. New trustees are provided with an information pack on Haller and the Charity Commission publications about the roles and responsibilities of trustees.

Related party relationships

The Charity has considered the disclosure requirements of the SORP for related party relationships. The trustees consider that the members of the board and their close connections to be related parties of the charity. All trustees give their time voluntarily and receive no benefits from the charity. Details of related parties and transactions with them are disclosed in Notes 9 and 10.

2

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

Conflicts of interest

We are aware of conflicts and actively manage them in accordance with relevant legislation. At each board meeting trustees are asked to confirm there are no conflict issues. This precludes any trustee benefiting from a financial or other gain arising from any activity of the charity.

Remuneration policy for key management personnel

No key management personnel received any remuneration during the reporting period. Since March 2018 Haller’s CEO role was undertaken and performed by co-founder Louise Piper, supported by the board of trustees. None of the board or Louise Piper take any remuneration for their roles. Louise Piper has held the CEO role on an unpaid basis for ten years previously.

Risk management

The trustees are responsible for identifying the major risks to which the Charity is exposed and ensuring that steps are taken to manage those risks.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

Purposes and aims

The objects of The Haller Foundation are to advance the conservation and the protection of the environment through the development of sustainable ecosystems. We aim to promote sustainable development that meets the needs of the present, without compromising the ability of future generations to meet their own needs. The Foundation will aim to work with local communities to develop sustainable farming practices through the rehabilitation of damaged land and promote environmental education by creating an awareness and better understanding of the environment and local ecosystems through training in climate-smart farming methods. We will aim to support community health, education, and social enterprise initiatives with the objective of the communities becoming self-sustaining and self-sufficient.

Beneficiaries of our services

Haller’s beneficiaries are ultra-poor farming communities in coastal Kenya and smallholder farmers in other areas living off difficult land (defined as those who spent 80% of their income on securing food and water).

The process for engagement involves communities making an application to Haller Kenya to participate in a partnership known as the ‘Haller Journey’ which involves the provision of WASH, Farming, Advanced Farmer Training and Health & Education (detailed below). To date, 54 communities have embarked on the Haller Journey, 43 of which have achieved self-sustainability.

Each stage is closely monitored by the Haller Kenya team through a process of monitoring and evaluation and impact assessment and reviewed by the Haller UK team during their bi-annual diligence visits.

Principal activities

The charity's main activities are described below. All its charitable activities focus on resourceful, sustainable smallholder farming and are undertaken to further the Haller Foundation’s charitable purposes for the public benefit.

3

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

Haller aligns its priorities with The Sustainable Development Goals of Education, Good Health and Wellbeing, No Poverty, The Opportunity to Work, and To Create Economic Growth.

Summary

We provide a holistic four-stage economic development model which is sustainable and environmentally sound.

The model kick-starts a fragile farming community and over a 3-year collaborative partnership, educates them to restore their soils, improve their environment and ultimately build the capacity to achieve economic resilience.

It starts with WASH : We focus on developing the infrastructure to provide water security and sanitation. This includes a rain-fed dam, well and eco-loo. Within 6 months, during normal rainfall and seasonal weather patterns, the community will have fresh drinking water, sanitation, and suitable conditions for smallholder farming. This step alone impacts the lives of the women and children of the community. They do not need to walk hours to collect water and instead are more likely to attend school. Better sanitation and clean water leads to a reduction in disease. Without the need to collect water on a daily basis, there is more time for farming, and for the beginning of more sustainable livelihoods.

The next stage is GROW : With water security in place, the community begin a regenerative agriculture training programme. This takes place at our Farmer Training Centre and in the community, on demonstration plots which they dig and farm collectively. The training is climate-smart and encompasses water conservation, soil improvement, erosion control and terracing. Organic food production is maximized, with the potential of selling any surplus, and nutrition improves.

ADVANCED FARMER TRAINING : Once the basic farming techniques have been successfully adopted, advanced farmer training methods, such as aquaculture, are introduced, thus enhancing nutrition and boosting income possibilities. The community dig their own fishpond, which are stocked with tilapia from our supplies and sweet potato vines are planted around the ponds to reduce evaporation and provide food for the fish. The community are then taught how to maintain the stocks and use the nutrient rich water to irrigate their crops. Elected members of the community are given more advanced aquaculture training on our aquaponics systems at our Farmer Training Centre, to then take back to the community.

The outcomes of the training are farmers translating their training and starting their own family plots, and their successes are often then replicated by neighbouring smallholders and self-help groups.

We introduce the Haller Farmers App at this stage of the programme (see below).

The final step is HEALTH & EDUCATION : Primary healthcare lies at the heart of the Haller Journey; farmers need to be fit to farm. Targeting preventable illness, is the first element of our health programme, followed closely by family planning. We have a dedicated family planning service at The Haller Clinic, offering family planning workshops, education, and contraception, which will be a major contributor to family welfare and livelihoods within our communities and wider area. By addressing family planning in this way, it will relieve pressure on available land and reduce environmental destruction.

For communities that have embarked on the Haller Journey, we give a 90% subsidy for healthcare at our clinic and via the mobile clinic. We offer a childhood vaccination programme, antenatal and postnatal care, and talks on nutrition, hygiene, and sanitation.

4

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

In providing healthcare in the way we do, we can ensure healthy, thriving communities.

In addition to the Haller Journey….

Our Health Centre is located at The Nguuni Nature Sanctuary and alongside our “Haller Journey” communities, it also supports the more urban communities closer to Mombasa. This enables the centre to be almost self-funded. Since 2008, we have provided treatment to over 96,500 patients, which is on average, 8,000 patients a year.

Nguuni is also the location of our Education Centre and children’s library. The library serves children from 60 schools in the surrounding area and has had footfall in excess of 114,000 children since 2008. The Education Centre operates child focused educational activities, mainly in the areas of IT education, environmental activities, business skills, debating and after school clubs.

Our goal is to support thousands of smallholder farmers across East Africa, by providing them with affordable, organic and environmentally friendly farming techniques. In 2014, we launched a web-based Farmers App, designed to improve the lives of smallholder farmers by providing open access to farming techniques and agricultural information. Releasing potential with practical ideas that are sustainable, empowering, and resourceful. Since 2014 ownership of smartphones in Kenya has increased considerably and in 2019, we began a programme to redevelop and expand content, improve the user journey, and increase accessibility through making it available on Google and IOS. This was completed in 2020.

Principle activities to fulfil charitable purposes of the charity include 1) fundraising and applying for grant funding for programmes in Kenya, 2) building strategy and partnerships for expanding impact of organic farming methods, and 3) continued development and improvement of mobile app services for smallholders.

Statement of public benefit

The Board of Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

ACHIEVEMENTS AND PERFORMANCE: REVIEW OF ACTIVITIES FOR THE YEAR

The trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

HIGHLIGHTS OF 2020

The Haller Farmers App

In 2020, in line with the increase in smartphone ownership across Eastern Africa, we relaunched The Haller Farmers App with new content aimed to engage younger farmers in agriculture, conservation and to improve user experience. It was also an essential tool in our public health campaign around the Covid19 pandemic. In the 6 months since its launch, the App has been downloaded in over 50 countries worldwide and it was awarded the ‘Best Android App’ in the 2020 UK App Awards .

The app is free to download on the Google Play Store and leverages the increasing ownership of mobile phones in Africa to support sustainable growth across both landscapes and communities. We have digitised 60 years of local agricultural knowledge and made it open access to contribute towards ensuring food security.

To increase awareness of the Haller Farmers App locally, we implemented an ambassador scheme, whereby selected ambassadors provide in-depth app training to farmers in their own and in neighbouring communities. In line with this, Haller has partnered with Mara Phones, initiating a year-long social media campaign, to encourage the donation of a phone to a farmer. Mara Phones are the creators of the first high specification, affordable smartphone manufactured in Africa, committed to enhancing and enriching the lives of the people of Africa. Throughout this campaign, Haller will distribute donations to ambassadors and community members enabling those unable to afford smartphones, to access the app.

Although technology is becoming ever-more attainable for rural communities, access to reliable sources of electricity remains a challenge. To overcome this, we have partnered with Deciwatt, pioneers of the innovative “ nowlight ”, providing independent off-grid energy by harnessing human effort. Deciwatt has donated nowlights to our Haller App Ambassadors, providing them with a source of light and power to charge their smartphones.

We recognise the potential to scale up our impact globally. We are currently working closely with an NGO in Romania, building on our experience and framework to ‘white label’ Haller Farmers and develop a ‘sister’ app for smallholder farmers in Eastern Europe. We regard this as proof of concept of the role and value of digital technology in helping improve farming outputs. We anticipate more partnerships such as this in the future.

Covid-19

The Covid-19 pandemic has hit many charities particularly hard. However, with the generosity of our donors, we were able to develop a COVID response programme which was up and running by the third week of March 2020. We provided 34 communities with Haller manufactured sanitizer and handwash, ‘tippy tap’ washing stations, facemasks, and multi-dialect leaflets about community transmission, and the importance of hygiene and reducing the transmission of the virus.

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THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

With 50+ years of experience in Kenya we have the expertise to deliver local solutions which meet the needs of local communities. It was apparent that action was required urgently to avert a hunger crisis, and deal with any potential health aspects of the pandemic. A support programme combining the three most pressing issues was developed, focusing on health, food, and water security. The rapid evaluation of the impending situation was instrumental in preventing the spread of the virus in rural areas.

The first phase of the support programme involved a health campaign, initially aimed at the more remote communities, while simultaneously expanding local food production, as quickly as possible.

Vulnerable, newly formed Community Based Organisations (CBO’s) were visited first as a matter of priority, to reinforce farmer training best practices and methodology, to provide seeds and advice on the best crops to grow, encouraging the establishment of nursery seed beds and a community approach to support. Farmers were urged to plant donated seeds quickly and encouraged to undertake more complex farming techniques to improve yields. Brief recaps on organic farming and refreshers on other useful farming methods were tailored to each individual community.

This system developed naturally into an integrated health and farming outreach programme. We reorganised our traditional delivery model, to one where a combined Haller team covering health, farming, food and water security were delivered into an integrated outreach session in each community. This evolved programme now continues as best practice.

In the second half of 2020, the impact on the local communities was primarily felt as a consequence of the effects of job losses, lockdowns and school closures. Many men had returned to their families with little prospect of recovery in the overseas tourism industry in the short term. This has been further impacted by the strict curfews and local lockdowns that have limited mobility and the possibility of finding alternative sources of employment. Our ongoing support to educate and encourage food security, improve livelihoods, and better health will continue to be invaluable.

Although initially, many countries in Africa appear to have been less impacted by Covid 19 than anticipated, a third wave appears to be gathering momentum and the virus now seems to be spreading quickly in Kenya, partly due to the mass political rallies that have been held.

We are very grateful for the timely response to our appeal last year, and we witness the positive impact of this on a daily basis.

7

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

PLANS FOR FUTURE PERIODS

As agreed by the Trustees, our main focuses for 2021 are:

FINANCIAL REVIEW

Financial position

The Charity achieved net income for the year, before transfers and gains or losses, of £18,217 (2019 - net income of £43,990), details of which are shown in the Statement of Financial Activities on page 12.

Total income for the year amounted to £360,688; and total expenditure amounted to £342,471.

Reserves policy

The trustees aim to maintain free reserves in unrestricted funds at a minimum level of £20,000 which provides for at least three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to continue the UK based administrative and operational costs in support of the various delivery objectives. The trustees also consider that, in the event of a decision to cease activities in the UK, the operations of the Haller Foundation could also be wound down within this reserve amount.

The Charity’s level of reserves at the end of the reporting period was £143,366. This is above the minimum level of £20,000 set by the board, however it includes an unrestricted income legacy of £30,000 received during 2019 which will be used for delivery activities to ensure initiatives which build operational sustainability as Haller Kenya transitions towards financial sustainability. The trustees consider that the amount of reserves above the required minimum is an appropriate level to provide the resources to initiate a discovery and feasibility study into the Voluntary Carbon Market with the intention of using income raised from the sales of carbon credits to support community livelihoods.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

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THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2020

TRUSTEES' RESPONSIBILITIES

The charity trustees (who are also the directors of the Haller Foundation for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In doing so the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

PREPARATION OF THE REPORT

In preparing this report, the Board of Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

APPROVAL OF THE REPORT

This report was approved by the Board of Trustees on ……………………. and signed on their behalf by:23/04/2021

…………………………………………………

Jonathan Ford Chair

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THE HALLER FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES

For the year ended 31 December 2020

I report on the accounts of the charity for the year ended 31 December 2020 set out on pages 12 to 26.

Respective responsibilities of the Trustee and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

/Continued…

10

THE HALLER FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES

For the year ended 31 December 2020

…/Continued

I understand that the financial statements have been prepared to give a 'true and fair' view, and have departed from the Charities (Accounts and Reports) Regulations 2008, only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 FRS102, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005), which is referred to in the exitent regulations, but has since been withdrawn.

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.

Charles Ssempijja, ACA

NfP Accountants Ltd Chartered Accountants No. 38, 52 Peckham Grove London SE15 6FR Date: …………………………. 29 April 2021

11

THE HALLER FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating Income and Expenditure Account & Statement of Total Realised Gains and Losses) For the year ended 31 December 2020

Unrestricted
Funds
Notes
2020
£
INCOME FROM
Donations and legacies
2
48,797
Other trading activities
4
76,831
5
754
TOTAL INCOME
126,382
EXPENDITURE ON:
Raising funds
6
17,932
Monitoring and evaluation
6
2,994
Charitable activities
6
28,751
TOTAL EXPENDITURE
49,677
76,705
Gains/(losses) on
investments
-
Transfer between funds
15
(765)
75,940
RECONCILIATION OF FUNDS
67,426
143,366
£
TOTAL
FUNDS
CARRIED
FORWARD
Net income / (expenditure)
before transfers
Investments
TOTAL FUNDS AT BROUGHT
FORWARD
NET MOVEMENT IN FUNDS		 Restricted
Income
Funds
2020
£
234,306
-
-
234,306
5,413
-
287,381
292,794
(58,488)
-
765
(57,723)
92,747
35,024
**£ **		 Restricted
Endowment
Funds
2020
£
-
-
-
-
-
-
-
-
-
(3,704)
-
(3,704)
15,111
11,407
**£ **		 Total
Funds
2020
£
283,103
76,831
754
360,688
23,345
2,994
316,132
342,471
18,217
(3,704)
-
14,513
175,284
189,797
**£ **		 Total
Funds
2019
£
222,154
71,792
783
294,729
27,827
1,122
221,790
250,739
43,990
2,276
-
46,266
129,018
175,284
_£ _

The full Statement of Financial Activities for 2019 is shown in Note 19.

The annexed notes form part of these financial statements

12

THE HALLER FOUNDATION

(Registered charity number 1101725, Registered company number 04807857)

BALANCE SHEET As at 31 December 2020

Notes
FIXED ASSETS
Investments
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS: amounts falling due
within one year
14
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted income funds
15
Restricted endowment funds
15
Unrestricted funds:
General fund
15		 2020
£
£
11,407
5,825
181,190
187,015
(8,625)
178,390
189,797
£
35,024
11,407
143,366
189,797
£		 £
28,305
141,068		 2019
£
15,111
160,173
169,373
(9,200)
175,284
£
92,747
15,111
67,426
175,284
£

For the year ended 31 December 2020 the Company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements were approved, and authorised for issue, by the Trustees on ……………………. 23 April 2021 and signed on their behalf by:-

Jonathan Ford, Chair

The annexed notes form part of these financial statements

13

THE HALLER FOUNDATION

STATEMENT OF CASH FLOWS For the year ended 31 December 2020

£
£
Cash flows from operating activities
Net income for the period
14,513
Add back depreciation
-
Net cash provided by / (used in) operating activities
(Increase)/decrease in debtors
22,480
Increase/(decrease) in creditors
(575)
21,905
Cash flows from investing activities
Purchase of fixed assets
-
Donated shares reported as investments
-
Investment (gains) / losses
3,704
Cash flows from financing activities
-
Change in cash and cash equivalents in the year
40,122
Cash and cash equivalents at the beginning of the year
141,068
Cash and cash equivalents at the year end
181,190
2020		 2019 2019
£
11,492
6,920		 £
46,266
-
18,412
-
-
(2,276)
-
62,402
78,666
141,068

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THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, as updated on 2 February 2016 (SORP 2016), and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005) which has since been withdrawn.

Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.

Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is considered all to relate to Charitable activities and includes the costs of delivering services undertaken to further the purposes of the charity and their associated support

Allocation of support costs

Support and governance costs have been allocated between charitable activities based on estimated staff costs. The allocation of support and governance costs is analysed in note 6.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Judgements and key sources of estimation uncertainty

No judgements have been made in the process of applying the above accounting policies and there are no key sources of estimation uncertainty.

Foreign currencies

The reporting currency is GBP. The Foundation operates a no loss no gains policy with regard to currency fluctuations between GBP and Kenyan Shillings. Currency fluctuation is contained within project reporting. Where there are adverse movement in the exchange rate, activities may be reduced to reflect the lower amount received on exchange. The opposite is also true. As a result, the accounts do not reflect any exchange gains or losses that may arise from delivering charitable projects in foreign currencies.

Tangible fixed assets

Fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their useful economic lives on a straight line basis as follows:

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THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

2. DONATIONS AND LEGACIES

Unrestricted
Funds
2020
£
Cash grants and donations
Personal donations
2,911
Trusts and foundations
-
Corporates
8,986
Government bids
-
Other
-
11,897
Gifts in kind
36,900
36,900
48,797
£
2019
Cash grants and donations
Personal donations
32,147
Trusts and foundations
12,933
Corporates
-
Other
-
45,080
Gifts in kind
10,220
10,220
55,300
_£ _		 Unrestricted
Funds
2020
£
Cash grants and donations
Personal donations
2,911
Trusts and foundations
-
Corporates
8,986
Government bids
-
Other
-
11,897
Gifts in kind
36,900
36,900
48,797
£
2019
Cash grants and donations
Personal donations
32,147
Trusts and foundations
12,933
Corporates
-
Other
-
45,080
Gifts in kind
10,220
10,220
55,300
_£ _		 Restricted
Funds
2020
£
-
165,341
20,000
48,965
-		 Total
Funds
2020
£
2,911
165,341
28,986
48,965
-		 Total
Funds
2019
£
82,147
107,187
20,000
-
2,600
11,897 234,306 246,203 211,934
36,900 - 36,900 10,220
36,900 - 36,900 10,220
48,797
**£ **		 234,306
**£ **		 283,103
**£ **		 222,154
_£ _
32,147
12,933
-
-		 50,000
94,254
20,000
2,600		 82,147
107,187
20,000
2,600
45,080 166,854 211,934
10,220 - 10,220
10,220 - 10,220
55,300
_£ _		 166,854
_£ _		 222,154
_£ _

Gifts in kind include design work by Pearlfisher valued at £18,200 (2019 - £7,220), golf event organisation by Vespa valued at £4,000 (2019 - £3k), and IP license work for the app by Slaughter & May valued at £14,000 (2019 - Nil). Equivalent charges are included under the relevant expenditure categories.

17

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

3. RESTRICTED ENDOWMENT FUNDS

In 2018, the charity was gifted 850 25 pence shares in GlaxoSmithKline Plc. The transfer was completed on 02 January 2018, and the shares were valued at £11,135 on this date. The Trustees may convert the shares into income when they see fit, however the donor has placed a restriction that the funds must be used in relation to the charity's health projects. The shares were revalued at £11,407 on which has been held as a non-permanent endowment fund in these accounts.

4. INCOME FROM OTHER TRADING ACTIVITIES

Fundraising events
Sale of merchandise		 2020
£
76,831
-		 2019
£
71,792
-
76,831
**£ **		 71,792
_£ _

5. INVESTMENT INCOME

Bank interest
Dividends		 2020
£
74
680		 2019
£
103
680
754
**£ **		 783
_£ _

6. ANALYSIS OF EXPENDITURE

Current year
Charitable activities
- Education
- Renewable energy
- Other
Fundraising costs
Monitoring & evaluation
Governance & support costs
- Farming and Terracing
- Water, Dams, and Wells
- Health & community
- Sustainability
(including Haller App)		 Staff /
consultant
costs
£
-
2,699
2,503
12,178
26,665
-
-		 Direct
costs
£
649
41,441
87,933
77,392
49,411
-
-		 Support
costs
£
-
935
867
4,220
9,239
-
-		 Total 2020
£
649
45,075
91,303
93,790
85,315
-
-		 Total 2019
£
15,937
70,776
28,337
53,072
52,826
175
667
44,045
5,400
-
6,807		 256,826
16,074
2,994
10,325		 15,261
1,871
-
(17,132)		 316,132
23,345
2,994
-		 221,790
27,827
1,122
-
56,252
**£ **		 286,219
**£ **		 Nil
£		 342,471
**£ **		 250,739
_£ _

18

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

NOTE 6 ANALYSIS OF EXPENDITURE - CONTINUED

Prior year
Charitable activities
- Education
- Renewable energy
- Other
Fundraising costs
Monitoring & evaluation
Governance & support costs
- Farming and Terracing
- Sustainability
(including Haller App)
- Water, Dams, and Wells
- Health & community		 Staff /
consultant
costs
£
3,584
322
6,513
1,199
8,605
-
-		 Direct costs
£
8,598
70,117
15,000
50,617
35,203
175
667		 Support
costs
£
3,755
337
6,824
1,256
9,018
-
-		 Total 2019
£
15,937
70,776
28,337
53,072
52,826
175
667
20,223
-
-
515		 180,377
27,827
1,122
20,675		 21,190
-
-
(21,190)		 221,790
27,827
1,122
-
20,738
_£ _		 230,001
_£ _		 Nil
£		 250,739
_£ _

Of total expenditure of £342,471, £292,794 (2019 - £157,594) was out of restricted income funds, and £49,677 (2019 - £93,145) was unrestricted.

7. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Consultancy costs
Consultancy - UK
Consultancy - overseas		 2020
£
56,252
-		 2019
£
11,874
8,864
56,252
**£ **		 20,738
_£ _

During the year, the charity had no salaried employees, but had 4 consulting staff (2019 - 1 employee, 5 consultants).

There were no paid key management personnel during the year (2019 - the same).

No employee earned more than £60,000, including benefits, during the year. (2019 - the same).

19

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

8. SUPPORT COSTS

Governance costs:
Independent Examiner's fee
Other governance costs
Website & Domains
Membership Fees & Subscriptions
Travel & Meeting Expenses
Training & Staff Development
Bank Charges
Insurance
Marketing & Communication
Gifts in kind
Office Rent & Other Running Costs
Other fees payable to the examiner
Support staff costs		 2020
£
1,800
542		 2019
£
2,000
13
2,342
1,044
3,224
160
110
408
726
27
700
1,429
156
6,807		 2,013
564
2,119
2,309
136
343
-
3,320
-
3,766
-
6,105
17,132
**£ **		 20,675
_£ _

Support costs all relate to the charitable activities on the basis of staff time.

9. TRUSTEES' REMUNERATION AND EXPENSES

No Trustee received any remuneration or payments for services rendered to the charity.

One trustee was reimbursed out of pocket expenses incurred on the charity's behalf amounting to £1,104 (2019 - one trustee was reimbursed £4,059). No other payments were made to trustees or their close connections (2019 - a close connection of one trustee received payments amounting to £11,309, including £9,717 for services rendered, and £1,592 expense reimbursements).

10. OTHER RELATED PARTY TRANSACTIONS

There were no other disclosable related party transactions (2019 - the same).

20

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

11. TANGIBLE FIXED ASSETS

Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2019
At 31 December 2020
12. INVESTMENTS
Cost
At 1 January 2020
Realised / Unrealised gain/(loss)
At 31 December 2020		 Office
equipment
£
1,959
-
1,959
1,959
-
1,959
Nil
£
Nil
£
Other
investments
£
15,111
(3,704)
11,407
**£ **

The charity's investments are made up entirely of 850 shares in GlaxoSmithKline, which were gifted to the charity in 2018 as described more fully in Note 3.

13. DEBTORS

Due within one year
Trade debtors
Grants receivable
Other debtors		 2020
£
2,000
-
3,825		 2019
£
-
28,305
-
5,825
**£ **		 28,305
_£ _

21

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accruals
STATEMENT OF FUNDS
Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
-
-
Health
-
48,642
Water, dams and wells
23,658
87,217
12,760
71,582
Sustainability
56,329
26,865
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
234,306
£
SUMMARY OF FUNDS
67,426
126,382
107,858
234,306
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted Funds		 Trade creditors
Accruals
STATEMENT OF FUNDS
Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
-
-
Health
-
48,642
Water, dams and wells
23,658
87,217
12,760
71,582
Sustainability
56,329
26,865
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
234,306
£
SUMMARY OF FUNDS
67,426
126,382
107,858
234,306
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted Funds		 Trade creditors
Accruals
STATEMENT OF FUNDS
Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
-
-
Health
-
48,642
Water, dams and wells
23,658
87,217
12,760
71,582
Sustainability
56,329
26,865
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
234,306
£
SUMMARY OF FUNDS
67,426
126,382
107,858
234,306
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted Funds		 Resources
Expended
£
(391)
(43,396)
(87,525)
(77,914)
(83,568)
-		 2020
£
6,825
1,800		 2019
£
7,200
2,000
8,625
**£ **		 9,200
_£ _
Transfers and
investment
gains/(losses)
£
391
-
-
-
374
(3,704)		 Carried
Forward
£
-
5,246
23,350
6,428
-
11,407
107,858
**£ **		 234,306
**£ **		 (292,794)
£		 (2,939)
£		 46,431
**£ **
67,426
107,858		 126,382
234,306		 (49,677)
(292,794)		 (765)
(2,939)		 143,366
46,431
175,284
**£ **		 360,688
**£ **		 (342,471)
£		 (3,704)
£		 189,797
**£ **

15. STATEMENT OF FUNDS

22

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

STATEMENT OF FUNDS CONTINUED - 2019

Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
8,845
-
Health
837
48,000
Water, dams and wells
38,091
9,945
-
53,084
Sustainability
1,461
55,825
Restricted non-permanent endowment funds
Health
12,835
-
62,069
£
166,854
£
SUMMARY OF FUNDS - 2019
66,949
127,875
62,069
166,854
129,018
£
294,729
£
Restricted Funds
General Funds
Farmer Field Training
and Terracing		 Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
8,845
-
Health
837
48,000
Water, dams and wells
38,091
9,945
-
53,084
Sustainability
1,461
55,825
Restricted non-permanent endowment funds
Health
12,835
-
62,069
£
166,854
£
SUMMARY OF FUNDS - 2019
66,949
127,875
62,069
166,854
129,018
£
294,729
£
Restricted Funds
General Funds
Farmer Field Training
and Terracing		 Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
8,845
-
Health
837
48,000
Water, dams and wells
38,091
9,945
-
53,084
Sustainability
1,461
55,825
Restricted non-permanent endowment funds
Health
12,835
-
62,069
£
166,854
£
SUMMARY OF FUNDS - 2019
66,949
127,875
62,069
166,854
129,018
£
294,729
£
Restricted Funds
General Funds
Farmer Field Training
and Terracing		 Resources
Expended
£
(9,087)
(49,933)
(24,378)
(40,324)
(957)
-		 Transfers and
investment
gains/(losses)
£
242
1,096
-
-
-
2,276		 Carried
Forward
£
-
-
23,658
12,760
56,329
15,111
62,069
_£ _		 166,854
_£ _		 (124,679)
£		 3,614
_£ _		 107,858
_£ _
127,875
166,854		 (126,060)
(124,679)		 (1,338)
3,614		 67,426
107,858
129,018
£		 294,729
_£ _		 (250,739)
£		 2,276
_£ _		 175,284
_£ _

Description of funds

The Haller Journey is the name ascribed to the charity's Haller Community Development Model - a 5 stage process of taking a community from bare subsitence to self sustainability. It includes the provision of water, health, farmer training, education, and envrionmental regeneration through tree planting and terracing.

Education

This describes Haller’s Youth Educational Activities. These include a Children’s Community Library and Education Center providing for child centered educational activities and community outreach. It includes IT education, environmental activities, business skills, debating and after school clubs. The project started with a Nil fund balance and no funds were received during the year; however £391 was spent in the year, and a transfer from unrestricted funds of £391 has been applied to cover this expenditure.

Health

We support communities at The Nguuni Clinic, which delivers primary health care, and through a mobile health-care and vaccination service. £48,642 was donated during the year, and £43,396 was spent during the year.

In addition, as described more fully in Note 3, the charity was granted a gift of shares initially valued at £11,135, and revalued at £11,407 at the year-end, to be used by the charity in support of its health projects. The value of the shares is held as a non-permanent endowment in these accounts.

23

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

Water, dams, and wells

The project provides access to a clean and reliable water sources in the communities, through the rain fed dams and wells and eco-sanitation facilities. During the year, £87,217 was received in support of the charity's water projects. £87,525 was spent during the year on water projects, leaving a balance of £23,350, to be spent in the coming financial year.

Farmer Field Training and Terracing

The project aims to train farmers physically and digitally in regenerative agriculture and eco-system restoration with the skills to be able to provide them with food for their families and to be able to grow a surplus of produce which they can then sell. £71,582 was received for this work during the year, and £77,914 was spent in the year, leaving a balance of £6,428 at the yearend.

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed asset investments
Net current assets		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
-
11,407
-
143,366
Nil
£
154,773
**£ **		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
-
11,407
-
143,366
Nil
£
154,773
**£ **		 Restricted
Funds
£
-
35,024		 Total
Funds
£
11,407
178,390
Nil
£		 154,773
**£ **		 35,024
**£ **		 189,797
**£ **

17. OPERATING LEASE COMMITMENTS

The charity had no operating lease commitments (2019 - the same).

18. OTHER COMPANY INFORMATION

The Haller Foundation is a private company, limited by guarantee, domiciled in England and Wales, registration number 04807857. The registered office is 71 Mount Ephraim, Tunbridge Wells, TN4 8BG. The accounts are presented in GBP to the nearest £1.

24

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

19. STATEMENT OF FINANCIAL ACTIVITIES - 2019

(incorporating Income and Expenditure Account & Statement of Total Realised Gains and Losses)

Notes
INCOME FROM
Donations and legacies
2
Other trading activities
4
5
TOTAL INCOME
EXPENDITURE ON:
Raising funds
6
Monitoring and evaluation
6
Charitable activities
6
TOTAL EXPENDITURE
Gains/(losses) on investments
Transfer between funds
15
RECONCILIATION OF FUNDS
TOTAL FUNDS AT 31 DECEMBER 2020
Investments
Net income / (expenditure) before transfers
NET MOVEMENT IN FUNDS
TOTAL FUNDS AT 1 JANUARY 2020		 Unrestricted
Funds
2019
£
55,300
71,792
783
127,875
27,827
1,122
97,111
126,060
1,815
-
(1,338)
477
66,949
67,426
_£ _		 Restricted
Funds
2019
£
166,854
-
-
166,854
-
-
124,679
124,679
42,175
-
1,338
43,513
49,234
92,747
_£ _		 Endowment
Funds
2019
£
-
-
-		 Total
Funds
2019
£
222,154
71,792
783
- 294,729
-
-
-		 27,827
1,122
221,790
- 250,739
-
2,276
-		 43,990
2,276
-
2,276 46,266
12,835 129,018
15,111
_£ _		 175,284
_£ _

25