Ghanoxian THE GHANAIAN CHILDREN'S TRUST REGISTERED CHARITY NUMBER 1106764 REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE GHANAIAN CHILDREN'S TRUST REPORTS AND FINANCIAL srATEmErS FOR THE YEAR ENDED 31 MARCH 2021 srATUTORY AND LEGAL INFORMATION: the Trust Is a rezlstered tharitsble trust with the charfty number 110676 TRUSTEES: Appolntment renewal date Mrs Catherlne Edna Dixon, Chalr & Gift Atd Secretsry 4 July 2024 Mrs Jean EduseS, Secretarynreasurer 4July 2024 Ms Colette Anson l Aprfl 2022 Mrs Elleen Conaty Ended 20 June 2020 Nana Kwabena Edusel11. Ghana Coordlnator l March 2024 Mr Gordon lan Wanless, Asslstsnt Treasurerlmlnute Secretary 18 September 2023 Mr Colln Uddell 7 December 2021 REGISTERED OFFICE: 6 Klrkstone Ganlens Hlgh Heaton Newastle upon Tyne NE7 7AN BANKERS: Barclays Gosforth High Street Newcastle upon Tyne
THE GHANAIAN CHILDREN'S TRusr REPORTS AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 REPORT OF THE TRU5fEES: the Trustees present their report and financial statements of the charity for the year ended 31 March 2021. OBJEcfivES OF THE CHARITY: the objectives are to relieve poverty and distress among children and young adults, who are orphans or who are destitute, particularly but not exclusively those who are resident at the King Jesus Charity Home in Boadi. Kumasi and to advance their education. The Trustees must use the income of the Charity in promoting the objectives. GOVERNING DOCUMENT: the Governing Document is the Declaration of Trust constituting the Ghanaian Children's Trust dated 11 July 2004. FINANCIAL CONTROLS: the charity has a treasurer who prepares the financial statements. Expenditure has to be authorised and supported by an invoice or receipt. All payments are closely monitored by the Trustees. INVESTMENTS AND PROPERTY: the charity has no investments or property. RESPONSIBILtriES OF THE TRU5fEES= the Charities Act requires the Trustees to prepare financial statements at the end of each financial year of the charity and for the surplus or deficit of the year ended.
THE GHANAIAN CHILDREN'S TRUST REPORTS AND FINANCIAL SrATEmErS FOR THE YEAR ENDED 31 MARCH 2021 REVIEW OF AcrivmES AND ACHIEVEMENTS: Throughout the year the Trustees have fulfilled the charitvs objectives by organising fundraising events.. Because of the Covid-10 pandemic, all fundraising has been done online, including a virtual summer garden party, a virtual Halloween story-telling event with raffle, a virtual Christmas Fair and an Easter 2021 raffle. The annual charity dinner due to take place in November 2020 was cancelled. as were presentations to local organisations about the chariWs work. The trustees have maintained close links with Girlguiding Newcastle. The charity has continued to receive donations of clothing, books and stationery and these were shipped to Ghana in September 2020. The chariws Education Project got underway in June 2020 while the children at King Jesus Charity Home were studying from home, the schools being closed because of the Covid-19 pandemic. The educational supervisor has attended regularly. The project is progressing very well and has been of enormous benefit to the children's education. Laptops. music keyboards and training shoes as well as calculators, maths sets and dictionaries were purchased. The charity continues to have a large number of supporters who donate on a regular basis and many have sent extra donations throughout the year to compensate for the charity being unable to hold its usual fundraising events.
THE GHANAIAN CHILDREN'S TRusr REPORTS AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2021 REVIEW OF AcfiviTIES AND ACHIEVEMENTS, continued: The student on placement with the charity completed his term of office in May and another student took up the voluntary position in October 2020. She has been instrumental in obtaining raffle prizes and has gained experience in public speaking (via Zoom), using Facebook to set up events, time management and organisational skills. Two trustees attended a webinar hosted by UNW Chartered Accountants about managing the chariws board of trustees. In 2020, the charity received a request for financial assistance f rom King Jesus Charity Home for funds to repair or replace plumbing and sanitaryware and create a new sewage disposal system, the total cost being just under £5,000. The charity submitted applications to several organisations for grant funding and was successful in obtaining a grant of £2,000 from the Green Hall Foundation and a further grant of £3,000 from the William Leech Charity. £2.000 has been used to replace the broken toilets. cisterns, showers, washbasins and taps in all 3 houses, and to repair broken pipework to one of the septic tanks. A large water storage tank has been repaired and the remainder of the work will be carried out soon. under the supervision of the chariws trustee Nana Kwabena Edusei11.
THE GHANAIAN CHILDREN'S TRUST REPORTS AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 REVIEW OF FINANCIAL PERFORMANCE: throughout the year the charity had a surplus of £11.080.02. The amount carried forward from the previous f inancial year was £9,944.48. Total payments amounted to £25,923.77, of which £10,000 was sent to King Jesus Charity Home for school fees and general running expense, £10,840 for the Education Project, £3,000 for the Sanitation Project and £1,000 to support apprentices. The restricted fund at the financial year end amounted to £7,846.77. POLICY ON RESERVES: the Trustees maintain sufficient funds in reserve in the unrestricted fund to cover one yearfs running costs which consist of website hosting, lottery licence and insurance (professional and indemnity, public and products liability, Trustees liability, crisis containment and employers, liability). All monies in the unrestricted fund over the amount of £500 should be used to meet the aims of the charity, the £500 being kept to meet administrative and fundraising expenses. UNRESTRicfED FUNDS: these are needed to= a) Provide cover for administration and support costs; b) To provide funds to carry out the Trusvs objectives. RESTRicfED FUNDS: the purpose of the restricted fund was changed from money raised for the now completed roof appeal to money raised specifically for the education project at King Jesus Charity Home, the Sanitation Project and the Apprenticeship Project. Signed by order of the Trustees.....................................Jean Edusei MBE Approved by the Trustees on ...................................--
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THE GHANAIAN CHILDREN'S TRUSr REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 All monies held in the unrestricted fund over the value of £500 are designated to meet the aims of the charity. BALANCE SHEEf AS AT 31 MARCH 2021: CURRENT ASSErs Liquid funds 2021 2020 11,080.02 9,944.48 CURRENT LIABILITIES 0.00 TOTAL ASSEfs LESS UABILITIES 11.080.02 9,944.48 FUNDS EMPLOYED Accumulated fund 11,080.02 9,944.48 SIGNED ON BEHALF OF THE TRUSTEES Chair .............-........... Treasurer Date Ghan¢2ian
Independent Exam1r'S Report to the Tee5 of the Ghanaian Children's Tn I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021, which are set out on the attsiched Statement of Financial Activity and Balance Sheet. Responsibilities and Basis of report As the charity's trustees you are resnsIble for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 I'the Act.). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b> of the Act. An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the accounts, and seeking explanations from the Trustees concernlng 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 examlner's statement I have compLeted my examination. I confirrn that rK) material matters have come to my attentlon In connection wlth the examinatlon gfvlng me cause to believe that in any material respect: accountlng records were not kept In SPect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not cofflply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and portS) Regulations 21J)8 other than any requirement that the accounts give a 'true and fair YieN' which is not a matter considered as part of an independent examination. There are no other matters in connection wtth the examlnatlon to which attention should be drawn in this report in order to enable a proper undersLinding of the accounts to be reached. John Barrell Meadow View Mountford Road Whitley Bay Northumberland NE25 OTB 0191 237 5859 'ohn. barreLI@talktalk. net 08 April 2021