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.
5
**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.
6
**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:
- Supporting Haller Kenya towards independence and financial sustainability;
- Continuing with Covid community support programmes in food production, water security and health and strengthening the delivery of our health programme with the addition of a full time Doctor;
- To extend the reach of Haller Farmers App through developing partnerships; and
- To assess opportunities for Haller in the Voluntary Carbon Market.
## **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.
8
**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:
-
-
- Select suitable accounting policies and then apply them consistently;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
- Follow the methods and principles of the Charity SORP; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the group will continue in business.
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
9
**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:
- examine the accounts under section 145 of the Charities Act,
-
- •• follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- **••**
- state whether particular matters have come to my attention.
## **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:
- **1.(1)** accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- **2.(2)** the accounts do not accord with such records; or
- **3.(2)** the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- **4.(2)** the accounts have not been prepared in accordance with the Charities SORP (FRS102).
/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:
- **(i)** The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476;
- **(ii)** The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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_|
14
**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.
15
**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:
- Computer equipment 3 years
16
**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