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2021-12-31-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 2021

NfP Accountants Ltd

THE HALLER FOUNDATION

(Registered charity number 1101725)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021

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 2021

Trustees Jonathan Ford (Chair) (Resigned December 2021)
Guido Haller (Resigned December 2021)
Daniel Haller (Resigned June 2021)
Louise Piper - Co-founder (Resigned June 2021)
Jessica Haller (Chair) (appointed 12 August 2021)
Kimberley Storey
Anya Doherty (appointed 17 August 2021)
Chiara Cappelini (appointed 23 August 2021)
Isabelle Piper (appointed 17 August 2021)
Jamie Sandall (appointed 08 August 2021)
President Dr Rene Haller - Life President
Charity reg. no. 1101725
Registered office 71 Mount Ephraim
Tunbridge Wells
TN4 8BG
Independent Examiner Charles Ssempijja, FCA
NfP Accountants Ltd
3rd Floor, 86-90 Paul Street
London
EC1A 4NE
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 2021

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 2021. 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 Chief Executive and / or 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 2021

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. In January 2021 Haller’s CEO role was undertaken by Chloe Ford-Welman, supported by the board of trustees. Chloe FordWelman is paid an annual salary for performing the Chief Executive role. None of the Trustees take any remuneration for their roles.

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, 56 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 2021

Haller aligns its priorities with The Sustainable Development Goals of 1. No Poverty, 2. Zero Hunger, 3. Good Health and Wellbeing, 4. Quality Education, 6. Clean Water and Sanitation, 8. Decent Work and Economic Growth, 15. Life of Land.

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 4-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 begins 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 maximised, 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 2021

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 115+ 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 Haller 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 remain 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 2021

HIGHLIGHTS OF 2021

2021 represents the start of a new phase for Haller. In line with our ethos of sustainability, our vision has always been to create a local organisation that could generate enough income to cover costs, while continuing to support smallholder communities that are increasingly impacted by the effects of climate change. With this goal of building financial and operational sustainability for Haller Kenya, we have focused on developing Kenyan income sources.

By leveraging the potential of the Nguuni Nature Sanctuary for eco-tourism and income generation; redesigning our health services; selling food and vegetables produced at our demonstration farm and operating solely on renewable energy, Haller Kenya is in a position to evolve from being a donor-funded organisation to one which generates its own funding and continues to support farming communities in Mombasa. This represents a significant achievement for the organisation.

Haller Kenya’s evolution into a self-funding model has enabled Haller UK to reposition and build new expertise and credibility in international areas, scaling our method of balancing ecology and economy, ensuring that both people and nature can thrive.

Our integrated outreach clinics adapted to the pressures of the pandemic, and the team continued to promote COVID-19 awareness, whilst also providing treatments for a wide range of health issues. Demonstrations included mask wearing, hygiene methods and social distancing. The work proved vital in disseminating information, given the lack of resources at local Government level. Local vaccination centres have also opened in shopping centres and at the Bamburi Cement Company, where Haller Kenya refer their clinic patients.

Strategic Development

The momentum behind the move to net-zero has given rise to a number of initiatives aimed at reducing the impact of C02 emissions. This includes the development of the Voluntary Carbon Market, which is a mechanism for companies, businesses and individuals to voluntarily offset their emissions by investing in sustainable climate services such as emission removal or avoidance projects.

Haller’s goal now is to develop a certified and sustainable carbon offset project in Mombasa, generating carbon credits to trade on the Voluntary Carbon Market. This would be long-term and designed from the ground up in partnership with smallholder farmers with a focus on cost-efficient nature-based solutions.

This new direction allows us to build on our work and achievements over the past two decades, continuing to play a role in the lives of smallholder communities in Kenya, whilst also making a positive contribution towards the climate and environment.

Evolutions to the Haller Board

Throughout the past year, we have been building a Board of Trustees to oversee our new vision. Our collective goal is to harness new and emerging leaders to further scale Haller’s proven principles and success to date, using our existing model for sustainable development.

We are excited to have welcomed Anya Doherty, Chiara Cappellini, Isabelle Piper, Jamie Sandall, Jess Haller (Chair) with Kim Storey continuing with the role of Treasurer to form a new UK board of Trustees.

6

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2021

The Haller Farmers App

The opportunity to scale our work with smallholder farmers beyond those in physical proximity and the increasing ownership of smartphones was the driving force in creating a Farmers app.

One year after the launch of the 2014 version of The Haller Farmers App, we’ve had the opportunity to further expand our reach by ‘white-labelling’ the app, and adapting the design and content for use in other regions. In partnership with the Romanian NGO, Fundatia ADEPT, we have adapted the app for an Eatsern European audience of smallholder farmers. The new app - ADEPT Farmers - will be launching on the App and Google Play Store in 2022. This partnership has demonstrated endless possibilities for Haller to scale, potentially reaching rural farming communities on other continents. Haller regards this as a significant milestone and evidence of the future potential of the app in a global context.

PLANS FOR FUTURE PERIODS

As agreed by the Trustees, our main focuses for 2022 are:

FINANCIAL REVIEW

Financial position

The Charity incurred net expenditure for the year, before transfers and gains or losses, of £43,412 (2020 - net income of £18,217), details of which are shown in the Statement of Financial Activities on page 12.

Total income for the year amounted to £204,171; and total expenditure amounted to £247,583.

7

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2021

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 £117,135. 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.

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.

8

THE HALLER FOUNDATION

TRUSTEES' ANNUAL REPORT For the year ended 31 December 2021

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:09/06/2022

………………………………………………… Jessica Haller Chair

9

THE HALLER FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES

For the year ended 31 December 2021

I report on the accounts of the charity for the year ended 31 December 2021 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 2021

…/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, FCA NfP Accountants Ltd Chartered Accountants 3rd Floor, 86-90 Paul Street London

13 June 2022

EC1A 4NE Date: ………………………….

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 2021

Restricted Restricted Restricted Restricted
Unrestricted **Income ** Endowment Total Total
Funds Funds Funds Funds Funds
Notes 2021 2021 2021 2021 2020
£ £ £ £ £
INCOME FROM
Donations and legacies 2 33,388 122,638 - 156,026 283,103
Other trading activities 4 47,456 - - 47,456 76,831
Investments 5 689 - - 689 754
TOTAL INCOME 81,533 122,638 - 204,171 360,688
EXPENDITURE ON:
Raising funds 6 32,160 - - 32,160 23,345
Monitoring and evaluation 6 - - - - 2,994
Charitable activities 6 47,409 168,014 - 215,423 316,132
TOTAL EXPENDITURE 79,569 168,014 - 247,583 342,471
Net income / (expenditure) 1,964 (45,376) - (43,412) 18,217
before transfers
Gains/(losses) on
investments		 - - 821 821 (3,704)
Transfer between funds 16 8,705 3,523 (12,228) - -
NET MOVEMENT IN FUNDS
10,669 (41,853) (11,407) (42,591) 14,513
RECONCILIATION OF FUNDS
TOTAL FUNDS AT BROUGHT
FORWARD
As stated 143,366 35,024 11,407 189,797 175,284
Prior year adjustment (36,900) 36,900 - - -
106,466 71,924 11,407 189,797 175,284
TOTAL
FUNDS		 CARRIED
FORWARD **£ ** 117,135 **£ ** 30,071 £ Nil
 **£ ** 147,206 _£ _ 189,797

The full Statement of Financial Activities for 2020 is shown in Note 20.

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 2021

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 funds
Restricted income funds
16
- As stated
- Prior year adjustment
15
- Restated
Restricted endowment funds
3
Unrestricted funds
- As stated
- Prior year adjustment
15
- Restated		 2021
£
£
12,228
3,893
135,343
139,236
(4,258)
134,978
147,206
£
30,071
-
30,071
-
30,071
117,135
-
117,135
147,206
**£ **		 £
5,825
181,190		 2020
£
11,407
178,390
187,015
(8,625)
189,797
_£ _
35,024
36,900
71,924
11,407
83,331
143,366
(36,900)
106,466
189,797
_£ _

For the year ended 31 December 2021 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.

09/06/2022

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

Jessica Haller, Chair

The annexed notes form part of these financial statements

13

THE HALLER FOUNDATION

STATEMENT OF CASH FLOWS For the year ended 31 December 2021

£
£
Cash flows from operating activities
Net income for the period
(42,591)
Add back depreciation
-
Net cash provided by / (used in) operating activities
(Increase)/decrease in debtors
1,932
Increase/(decrease) in creditors
(4,367)
(2,435)
Cash flows from investing activities
Purchase of fixed assets
-
Donated shares reported as investments
-
Investment (gains) / losses
(821)
Cash flows from financing activities
-
Change in cash and cash equivalents in the year
(45,847)
Cash and cash equivalents at the beginning of the year
181,190
Cash and cash equivalents at the year end
135,343
2021		 2020 2020
£
22,480
(575)		 £
14,513
-
21,905
-
-
3,704
-
40,122
141,068
181,190

14

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

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 2021

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:

16

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

2. DONATIONS AND LEGACIES

Unrestricted
Funds
2021
£
Cash grants and donations
Personal donations
7,481
Trusts and foundations
1,694
Corporates
12,800
Government bids
-
21,975
Gifts in kind
11,413
11,413
33,388
£
2020 (restated)
Cash grants and donations
Personal donations
2,911
Trusts and foundations
-
Corporates
8,986
Government bids
-
Other
-
11,897
Gifts in kind
-
-
11,897
_£ _		 Unrestricted
Funds
2021
£
Cash grants and donations
Personal donations
7,481
Trusts and foundations
1,694
Corporates
12,800
Government bids
-
21,975
Gifts in kind
11,413
11,413
33,388
£
2020 (restated)
Cash grants and donations
Personal donations
2,911
Trusts and foundations
-
Corporates
8,986
Government bids
-
Other
-
11,897
Gifts in kind
-
-
11,897
_£ _		 Restricted
Funds
2021
£
-
97,638
25,000
-		 Total
Funds
2021
£
7,481
99,332
37,800
-		 Total
Funds
2020
£
2,911
165,341
28,986
48,965
21,975 122,638 144,613 246,203
11,413 - 11,413 36,900
11,413 - 11,413 36,900
33,388
**£ **		 122,638
**£ **		 156,026
**£ **		 283,103
_£ _
2,911
-
8,986
-
-		 -
165,341
20,000
48,965
-		 2,911
165,341
28,986
48,965
-
11,897 234,306 246,203
- 36,900 36,900
- 36,900 36,900
11,897
_£ _		 271,206
_£ _		 283,103
_£ _

Gifts in kind include golf event organisation by Vespa valued at £4,000 (2020 - the same) and Google Ads valued at £7,413 (2020 - no monetary valuation). 2020 also included design work by Pearlfisher valued at £18,200, and IP license work for the app by Slaughter & May valued at £14,000. Equivalent charges are included under the relevant expenditure categories.

17

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

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. In previous years, the shares had been held as restricted endowment funds in relation to the health project. During 2021, the trustees reviewed the treatment of these funds, and took account of their obligations in relation to the donation. They found that there was in fact no continuing restriction to this donation, and the shares could be sold or converted and the proceeds could be applied as the Trustees see fit. The shares were revalued at £12,228 at the year end and this has been transferred to unrestricted funds in the current year.

4. INCOME FROM OTHER TRADING ACTIVITIES

INCOME FROM OTHER TRADING ACTIVITIES
Fundraising events
Sale of merchandise
INVESTMENT INCOME
Bank interest
Dividends		 2021
£
47,456
-		 2020
£
76,831
-
47,456
**£ **		 76,831
_£ _
2021
£
9
680		 2020
£
74
680
689
**£ **		 754
_£ _

5. INVESTMENT INCOME

6. ANALYSIS OF EXPENDITURE

Current year
Charitable activities
- Education
- Carbon project
Fundraising costs
Monitoring & evaluation
Governance & support costs
- Health & community
- Sustainability
(including Haller App)
- Farming and Terracing
- Water, Dams, and Wells		 Staff /
consultant
costs
£
135
2,107
5,080
5,430
22,486
8,287		 Direct
costs
£
15,017
32,070
16,000
56,140
26,102
643		 Support
costs
£
80
1,255
3,026
3,234
13,395
4,936		 Total 2021
£
15,232
35,432
24,106
64,804
61,983
13,866		 Total 2020
£
649
45,075
91,303
93,790
85,315
-
43,525
9,058
-
22,387		 145,971
17,707
-
8,934		 25,926
5,395
-
(31,321)		 215,423
32,160
-
-		 316,132
23,345
2,994
-
74,970
**£ **		 172,612
**£ **		 Nil
£		 247,583
**£ **		 342,471
_£ _

18

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

NOTE 6 ANALYSIS OF EXPENDITURE - CONTINUED

Prior year
Charitable activities
- Education
Fundraising costs
Monitoring & evaluation
Governance & support costs
- Water, Dams, and Wells
- Health & community
- Farming and Terracing
- 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
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
-
56,252
_£ _		 286,219
_£ _		 Nil
£		 342,471
_£ _

Of total expenditure of £247,583, £168,014 (2020 - £157,594) was out of restricted income funds, and £79,569 (2020 - £184,877) was unrestricted.

7. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Salary costs
Wages and salaries
Social security costs
Employer's pension
Consultancy costs
Consultancy - UK
Consultancy - overseas		 2021
£
33,333
-
813		 2020
£
-
-
-
34,146
40,824
-		 -
56,252
-
74,970
**£ **		 56,252
_£ _

During the year, the charity had 1 salaried employee and 6 consulting staff (head count) (2020 - no salaried employee, 4 consultants).

Remuneration for key management personnel amounted to £34,146 during the year (2020 - Nil).

No employee earned more than £60,000, including benefits, during the year. (2020 - the same).

19

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

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		 2021
£
1,800
91		 2020
£
1,800
542
1,891
234
3,304
680
10
139
684
675
-
1,318
-
22,387		 2,342
1,044
3,224
160
110
408
726
27
700
1,429
156
6,807
31,321
**£ **		 17,132
_£ _

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 £1,679 (2020 - one trustee was reimbursed £1,104). No other payments were made to trustees or their close connections (2020 - the same).

10. OTHER RELATED PARTY TRANSACTIONS

There were no other disclosable related party transactions (2020 - the same).

20

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

11. TANGIBLE FIXED ASSETS

Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2020
At 31 December 2021
12. INVESTMENTS
Cost
At 1 January 2021
Realised / Unrealised gain/(loss)
At 31 December 2021		 Office
equipment
£
1,959
-
1,959
1,959
-
1,959
Nil
£
Nil
£
Other
investments
£
11,407
821
12,228
**£ **

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
Prepayments
Other debtors		 2021
£
2,999
894
-		 2020
£
2,000
-
3,825
3,893
**£ **		 5,825
_£ _

21

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals
Taxation and social security		 2021
£
75
3,600
583		 2020
£
6,825
1,800
-
4,258
**£ **		 8,625
_£ _

15. PRIOR YEAR ADJUSTMENTS

During 2021, an amount of £36,900 of gifts in kind income was discovered to have been recorded as unrestricted income in 2020, while the GIK costs were charged as restricted to the project. A prior year adjustment has been recorded in these accounts to correct for this error.

16. STATEMENT OF FUNDS

STATEMENT OF FUNDS STATEMENT OF FUNDS STATEMENT OF FUNDS
Restated
Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Restricted income funds
Education
-
14,738
Health
5,246
23,408
Water, dams and wells
23,350
6,808
6,428
61,684
Sustainability
36,900
16,000
Restricted non-permanent endowment funds
Health
11,407
-
83,331
£
122,638
£
SUMMARY OF FUNDS
106,466
81,533
83,331
122,638
189,797
£
204,171
£
Restricted Funds
General Funds
Farmer Field Training
and Terracing		 Resources
Expended
£
(13,152)
(32,177)
(21,080)
(61,068)
(40,537)
-		 Transfers and
investment
gains/(losses)
£
-
3,523
-
-
-
(11,407)		 Carried
Forward
£
1,586
-
9,078
7,044
12,363
-
83,331
**£ **		 122,638
**£ **		 (168,014)
£		 (7,884)
£		 30,071
**£ **
106,466
83,331		 81,533
122,638		 (79,569)
(168,014)		 8,705
(7,884)		 117,135
30,071
189,797
**£ **		 204,171
**£ **		 (247,583)
£		 821
**£ **		 147,206
**£ **

22

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

STATEMENT OF FUNDS CONTINUED - 2020 (RESTATED)

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
63,765
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
271,206
£
SUMMARY OF FUNDS - 2020
67,426
89,482
107,858
271,206
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted 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
63,765
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
271,206
£
SUMMARY OF FUNDS - 2020
67,426
89,482
107,858
271,206
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted 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
63,765
Restricted non-permanent endowment funds
Health
15,111
-
107,858
£
271,206
£
SUMMARY OF FUNDS - 2020
67,426
89,482
107,858
271,206
175,284
£
360,688
£
Farmer Field Training
and Terracing
General Funds
Restricted Funds		 Resources
Expended
£
(391)
(43,396)
(87,525)
(77,914)
(83,568)
-		 Transfers and
investment
gains/(losses)
£
391
-
-
-
374
(3,704)		 Carried
Forward
£
-
5,246
23,350
6,428
36,900
11,407
107,858
£		 271,206
_£ _		 (292,794)
£		 (2,939)
£		 83,331
_£ _
89,482
271,206		 (49,677)
(292,794)		 (765)
(2,939)		 106,466
83,331
175,284
£		 360,688
_£ _		 (342,471)
£		 (3,704)
£		 189,797
_£ _

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 £14,738 was received during the year; £13,152 has been applied to cover this expenditure, leaving a balance of £1,586.

Health

We support communities at The Nguuni Clinic, which delivers primary health care, and through a mobile health-care and vaccination service. £23,408 was donated during the year, and £32,177 was spent during the year.

23

THE HALLER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

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, £6,808 was received in support of the charity's water projects. £21,080 was spent during the year on water projects, leaving a balance of £9,078, 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. £61,684 was received for this work during the year, and £61,068 was spent in the year, leaving a balance of £7,044 at the yearend.

Sustainability

The projects aim to support Haller Kenya towards independence and financial sustainability. This includes further developments to the Haller Farmers app and other elements of UK work that contributes directly to Haller Kenya's sustainability.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed asset investments
Net current assets		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
-
12,228
-
104,907
Nil
£
117,135
**£ **		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
-
12,228
-
104,907
Nil
£
117,135
**£ **		 Restricted
Funds
£
-
30,071		 Total
Funds
£
12,228
134,978
Nil
£		 117,135
**£ **		 30,071
**£ **		 147,206
**£ **

18. OPERATING LEASE COMMITMENTS

The charity had no operating lease commitments (2020 - the same).

19. 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 2021

20. STATEMENT OF FINANCIAL ACTIVITIES - 2020

(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
16
RECONCILIATION OF FUNDS
TOTAL FUNDS CARRIED FORWARD
Investments
Net income / (expenditure) before transfers
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD		 Unrestricted
Funds
2020
Restated
£
11,897
76,831
754
89,482
17,932
2,994
28,751
49,677
39,805
-
(765)
39,040
67,426
106,466
_£ _		 Restricted
Funds
2020
Restated
£
271,206
-
-
271,206
5,413
-
287,381
292,794
(21,588)
-
765
(20,823)
92,747
71,924
_£ _		 Endowment
Funds
2020
£
-
-
-		 Total
Funds
2020
£
283,103
76,831
754
- 360,688
-
-
-		 23,345
2,994
316,132
- 342,471
-
(3,704)
-		 18,217
(3,704)
-
(3,704) 14,513
15,111 160,173
11,407
_£ _		 174,686
_£ _

25