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2023-03-31-accounts

French African Welfare Association FAWA

Charity No. 1103174

Trustees' Report and Unaudited Accounts

31 March 2023

French African Welfare Association FAWA Contents

Pages
Trustees' Annual Report 1
Independent Examiner's Report 3
Statement of Financial Activities 4
Summary Income and Expenditure Account 5
Balance Sheet 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 13 to 14

Page 1

French African Welfare Association FAWA Trustees Annual Report

REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1103174

Registered Office

537 Norwood Road West Norwood London SE27 9DL

Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Trustees served during the year:

A.S. ASARE A. NGWENYA

Accountants

GPRS Accountants Limited Hastingwood Trading Estate Unit G31 35 Harbet Road London N18 3HT

Bankers

Lloyds Bank PLC Balham Branch 18 Upton Lane London E7 9LN

PLANS FOR FUTURE PERIODS

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 Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions as set out in Part 15 of the Charities Act 2011 and in accordance with the Charities SORP.

Signed on behalf of the board

A. Ngwenya 17 January 2024

Page 2

French African Welfare Association FAWA Independent Examiners Report

Independent Examiner's Report to the trustees of French African Welfare Association FAWA

I report to the charity trustees on my examination of the financial statements of French African Welfare Association FAWA for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the 2011 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as 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 statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Nemchand Proag FCCA, ACA GPRS Accountants Limited Hastingwood Trading Estate Unit G31 35 Harbet Road London N18 3HT 17 January 2024

Page 3

French African Welfare Association FAWA Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
3
Other
4
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income/(expenditure)
8
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
113,970
-		 Total funds
2023
£
113,970
-		 Total funds
2022
£
62,491
59
113,970
-
98,753		 113,970
-
98,753		 62,550
2,000
66,501
98,753
-		 98,753
-		 68,501
-
15,217
-		 15,217
-		 (5,951)
-
15,217 15,217 (5,951)
15,217
(27,391)		 15,217
(27,391)		 (5,951)
(21,440)
(12,174) (12,174) (27,391)

Page 4

French African Welfare Association FAWA Summary Income and Expenditure Account

for the year ended 31 March 2023

Income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2023
£
113,970
113,970
90,748
1,040
6,965
98,753
15,217
15,217		 2022
£
62,550
62,550
65,555
938
2,008
68,501
(5,951)
(5,951)

Page 5

French African Welfare Association FAWA Balance Sheet

at 31 March 2023

Company No.
Notes
2023
£
Fixed assets
Tangible assets
10
(4,674)
(4,674)
Current assets
Cash at bank and in hand
31,462
31,462
Creditors:Amount falling due within one year
11
(2,440)
Net current assets
29,022
Total assets less current liabilities
24,348
Creditors:Amounts falling due after more than one year
12
(36,522)
Net liabilities excluding pension asset or liability
(12,174)
Total net liabilities
(12,174)
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
(12,174)
(12,174)
Reserves
13
Total funds
(12,174)		 2022
£
2,291
2,291
13,655
13,655
(1,701)
11,954
14,245
(41,636)
(27,391)
(27,391)
(27,391)
(27,391)
(27,391)

These accounts have been prepared in accordance with the special provisions of Part 15 of the Charities Act 2011 relating to small companies.

For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Charities Act 2011 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of accounts.

Approved by the board on 17 January 2024

And signed on its behalf by:

A. Ngwenya Trustee 17 January 2024

Page 6

French African Welfare Association FAWA Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

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 Charities SORP, and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accounting
Unrestricted These are available for use at the discretion of the trustees in furtherance of the
funds general objects of the charity.
Designated
funds These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation These are unrestricted funds which include a revaluation reserve representing the
funds restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of the
income can be measured with sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is reported
related gross in the SoFA.
expenditure
Donations and Voluntary income received by way of grants, donations and gifts is included in the the
legacies SoFA when receivable and only when the Charity has unconditional entitlement to the
income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the gift/donation
donations and to which it relates.
gifts
Donated These are only included in income (with an equivalent amount in expenditure) where
services and the benefit to the Charity is reasonably quantifiable, measurable and material.
facilities
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment This is included in the accounts when receivable.
income
Gains/(losses) This includes any gain or loss resulting from revaluing investments to market value at
on revaluation the end of the year.
of fixed assets
Gains/(losses) This includes any gain or loss on the sale of investments.
on investment
assets

Page 7

French African Welfare Association FAWA Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable services in the furtherance of its objects, including the making of grants and activities governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance These include those costs associated with meeting the constitutional and statutory costs requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other These are support costs not allocated to a particular activity. expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & fittings 33.33% Straight line

Trade and other 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 and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Page 8

French African Welfare Association FAWA

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments
from:
Donations and legacies
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
4
Other income		 Unrestricted
£		 Unrestricted
funds
2022
£
62,491
59
62,550
2,000
66,501
68,501
(5,951)
(5,951)
(5,951)
(21,440)
(27,391)
Total
2023
£
113,970
113,970
Total
2023
£
-
-		 Total funds
2022
£
62,491
59
62,550
2,000
66,501
68,501
(5,951)
(5,951)
(5,951)
(21,440)
(27,391)
Total
2022
£
62,491
113,970
113,970 62,491
Total
2022
£
59
59

Page 9

French African Welfare Association FAWA Notes to the Accounts

5
Detailed Grants received
The Health Forum BME
African Advocacy
Foundation
KCSC (WLCCG Grants)
NHS NWL
Carfield Weston
Reaching Community
Main Grant
Albert Hunt SP
6
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
7
Other expenditure
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation,
depreciation,
impairment, profit/loss
on disposal of fixed
assets
General administrative
costs
Legal and professional
costs		 Restricted
Funds
£
-
100
9,996
4,000
10,000
54,998
7,000
86,094		 Unrestricted
Funds
£		 Total
2023
£
27,875
100
9,996
4,000
10,000
54,998
7,000
113,969
Total
2023
£
-
-
Total
2023
£
1,040
63,667
2,609
6,278
6,965
5,660
12,534
98,753		 Total
2022
£
20,950
8,244
9,996
-
-
-
-
27,875
-
-
-
-
-
-
27,875 62,490
Unrestricted
£
1,040
63,667
2,609
6,278
6,965
5,660
12,534		 Total
2022
£
2,000
2,000
Total
2022
£
938
34,296
1,030
478
2,008
3,585
24,166
98,753 66,501

Page 10

French African Welfare Association FAWA Notes to the Accounts

8
Net income/(expenditure) before
transfers
This is stated after charging:
Depreciation of owned fixed assets
9
Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.
10 Tangible fixed assets
Cost or revaluation
At 1 April 2022
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for
the year
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
11 Creditors:
amounts falling due within one year
Other taxes and social security
Accruals
12 Creditors:
amounts falling due after more than one
year
Bank loans and overdrafts		 2023
£
6,965
2023
17,500		 £
20,896
20,896
18,605
6,965
25,570
(4,674)
2,291		 2022
£
2,008
2022
-
17,500 -
Fixtures &
fittings
£
-		 Total
£
20,896
- 20,896
-
-		 18,605
6,965
- 25,570
- (4,674)
- 2,291
2023
£
955
1,485		 2022
£
-
1,701
2,440 1,701
2023
£
36,522		 2022
£
41,636
36,522 41,636

Page 11

French African Welfare Association FAWA Notes to the Accounts

13 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
14 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
15 Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1 April
2022
(27,391)
(27,391)		 Incoming
resources
(including
other
gains/losses)
£		 Resources
expended
£
(98,753)
(98,753)
Unrestricted
funds
£
(4,674)
29,022
(36,522)
(12,174)
Cash flows
£		 At 31
March
2023
£
(12,174)
113,970
113,970 (12,174)
At 1 April
2022
£		 Total
£
(4,674)
29,022
(36,522)
(12,174)
At 31
March
2023
£
13,655 17,807 31,462
13,655
(41,636)		 17,807
5,114
5,114
22,921		 31,462
(36,522)
(41,636) (36,522)
(27,981) (5,060)

16 Related party disclosures Controlling party

There are no controlling party in the charity.

Page 12

French African Welfare Association FAWA Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Donations and legacies
Other
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Salaries/wages
Staff welfare
Temporary staff
Motor and travel costs
Travel and subsistence
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures & fittings
Depreciation of
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses		 Unrestricted
funds
2023
£
113,970
113,970
-
-
113,970
-
-
-
1,040
1,040
17,500
3,603
42,564
63,667
2,609
2,609
6,278
6,278
-
6,965
-
621
1,303
907
840		 Total funds
2023
£
113,970
113,970
-
-
113,970
-
-
-
1,040
1,040
17,500
3,603
42,564
63,667
2,609
2,609
6,278
6,278
-
6,965
-
621
1,303
907
840		 Total funds
2022
£
62,491
62,491
59
59
62,550
2,000
2,000
2,000
938
938
-
146
34,150
34,296
1,030
1,030
478
478
-
2,008
15
524
64
202
100

Page 13

French African Welfare Association FAWA Detailed Statement of Financial Activities

French African Welfare Association FAWA
Detailed Statement of Financial Activities
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Management charges
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,989
12,625
2,400
10,134
-
12,534
98,753
98,753
-
15,217
15,217
-
15,217
(27,391)
(12,174)		 1,989
12,625
2,400
10,134
-
12,534
98,753
98,753
-
15,217
15,217
-
15,217
(27,391)
(12,174)		 2,680
5,593
2,000
21,336
830
24,166
66,501
68,501
-
(5,951)
(5,951)
-
(5,951)
(21,440)
(27,391)

Page 14