Registered number: 04989172 Charity number: 1101864 TOGETHER WITH AFRICA (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
TOGETHER WITH AFRICA (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent examiner's report Statement of financlal actlvltles Balance sheet Notes to the financial statements 7-10
TOGETHER WITH AFRICA (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees AJ Greenbank, Chair E Greenbank H Case J Outram (resigned 25 August 2023) Company registered number 04989172 Charity registered numbor 1101864 Registered office Trinity House 3 Bullace Lane Dartford Kent DA1 1BB Page 1
TOGETHER WITH AFRICA (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the Together with Africa for the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of bolh a Trustees, report and a directors, report under company law. The Trustees confirm that Ihe Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirernents of the charitable company's governing document and the provisions of the Statement of Recommended Practice {SORP) applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2019). Since the Company qualifies as small under seclion 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives The charity's objects are to further education and, also to help girls in Kenya to grow and develop emotionally and spiritually. The trustees have determined to keep the activities undertaken under review in considering the Charily Commission's guidance on public benefit. The Charity maintains the Kenyan Sponsorship and Kenya Girls Funds. This is a volunteer run collection of funds for the Kenyan work, with all money. other than small costs being forwarded to the Kenyan charilable partners. As such the Charity only holds reserves of funds not yet forwarded to Kenya. The charily has for several years provided child sponsorship to a Community in Kenya. This involves the collection of monthly sponsorship from individuals and fomarding the same to the partner in Kenya. The funding covers the provision of schooling and a main meal each day for those of nursery school age. The funding also provides protection of girls facing FGM or early forced marriage. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit- running a charity (PB2)'. Achievements and performance a. Main achievements of the Company The Charity has collected £52,509 in the year and passed £48,718 to our partners in Kenya. . Going concern After making appropriale enquiries, the Truslees have a reasonable expectation that the 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. b. Reserves policy The Charity only holds reserves of funds not yet forwarded to Kenya. Page 2
TOGETHER WITH AFRICA (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management a. Constitution Together with Africa is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. b. Methods of appointment or election of Trustees The management of the Company is the responsibility of Ihe Trustees who are elected and co-opted under the terms of the Memorandum of Association. Members. liability The Members of the Company guarantee to contribute an amount not exceeding £1 to the assels of the Company in the event of winding up. Statement of Trustees. responsibilities The Trustees (who are also the direclors of the Company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial Under company law, Ihe Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suilable accounting policies and then apply them consistently- observe the methods and principles of the Charities SORP (FRS 102).. make judgments and accounting estimates that are reasonable and prudent,. state whelher applicable UK Accounting Standards {FRS 102) have been followed, subject to any material departures disclosed and explained in Ihe financial slatements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequale accounting records thal are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of Ihe Company and enable them to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. AJ Greenbank {Truslee) Date.. Page 3
TOGETHER WITH AFRICA (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examinerfs Report to the Trustees of Together with Africa ('the Company.) I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and Basis of Report As the Trustees of the Company (and its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 5 report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statemènt I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. or the accounts do not accord with those records., or 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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 lo be reached. This report is made solely to the Companys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Trustees as a body, for my work or for Ihis report. Signed: Dated: ?/ J- C Fogwill Dartford Page 4
TOGETHER WITH AFRICA (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restricled funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments 52,817 92 52,817 92 40,777 18 Total income 52,909 52,909 40,795 Expenditure on.. Charitable activities 48,718 48,718 42,134 Total expenditure 48,718 48,718 42,134 Net movement in funds 4,191 4,191 (1,339) Reconciliation of funds: Total funds brought forward 14,115 14,115 15,454 Total funds carried forward 18,306 18,306 14,115 The Statement of Financial Aclivilies includes all gains and losses recognised in the year. The notes on page5 7 10 10 form part of these financial statements. Page 5
TOGETHER WITH AFRICA {A company limited by guarantee) REGISTERED NUMBER: 04989172 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Current assets Debtors Cash at bank and in hand 4.683 13,622 4,995 9,120 Total net assets 18,305 14,115 Charity funds Restricted funds 18,305 14,115 Total funds 18,305 14,115 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by.. 19 202* AJ Greenbank (Chair of Trustees) The notes on pages 7 10 10 form part of these financial statements. Page 6
TOGETHER WITH AFRICA {A company limited by guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information Together With Africa is a private company limited by guarantee incorporated in England and Wales. The registered office is Trinity House. 3 Bullace Lane, Dartford DA1 1BB. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Togelher with Africa meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounling policy. 2.2 Income All income is recognised On the Company has entitlement to the income, it is probable that the income will be received and the amount of income re1vable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left lo them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the eslate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed lo the Company, can be reliably measured. Income tax recoverable in relation to investmenl income is recognised al the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activily. Shared cosls which contribute to more than one activity and supporl cost5 which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central slaff costs are allocated on Ihe basis of lime spent, and depreciation char9es allocated on the portion of the asset's use. Expenditure on charitable aclivities is incurred on (Jireclly undertaking the activities which further the Company's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made excepl in those cases where the offer is conditional, such grants being recognised as expendilure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. Page 7
TOGETHER WITH AFRICA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.3 Expenditure Icontinued) All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interesl on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interesi paid or payable by the institution with whom the funds are deposited. 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments wilh a shorl maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Financial instruments The Company only has financial assets and financial liabilities of a kind Ihat qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wilh the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.8 Fund accounting Restricted funds are funds which are to be used in accordance with specrfic restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricled fund is set out in the notes to Ihe financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Restricted funds 2024 Total funds 2024 Donations 52,817 52,817 Page 8
TOGETHER WITH AFRICA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies (contlnued) Restricted funds 2023 Total funds 2023 Donations Legacies 39,677 1,100 39.677 1,100 40,777 40,777 Investment income Restricted funds 2024 Total funds 2024 Investment income 92 92 Restricted funds 2023 Total funds 2023 Investment income 18 18 Analysis of grants Total funds 2024 Granls 2024 Grants, Kenyan Sponsorship 48,280 48,280 Total funds 2023 Grants 2023 Grants, Kenyan Sponsorship 41,750 41,750 Page 9
TOGETHER WITH AFRICA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trustees, remuneration and expenses During the year. no Trustees received any remuneration or other benefits12023 - £NIL). During Ihe year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL}. Debtors 2024 2023 Due within one year Tax recoverable 4,683 4,995 Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure Restricted funds Kenya Sponsorship Kenya Needy Girls 11,959 2,156 24.972 27,936 {28,170) {20,548) 8,761 9,544 14,115 52,908 (48,7181 18,305 Statement of funds - prlor year Balance at 31 March 2023 Balance at 1 April 2022 Income Expenditure Restricted funds Kenya Sponsorship Kenya Needy Girls 10,907 4,547 29,452 11,343 (28,400) (13,734) 11,959 2,156 15,454 40,795 (42,134) 14,115 Page 10