Overseas Aid for the Kids of Sierra Leone (OAKS) Report and Financial Statements Year ended 31 December 2021 Charity Number: 1107800 Ron Welsh & Co Chartered Aeeountants Chesbire
Overseas Aid for the Kids of Sierra Ine (OAKS) Report and Financial Statements Year ended 31 December 2021 Contents Contents Page gal and athninistrativ¢ information Report of the Trustees Independent examiner5 report Swement of fillancial activities Balance sh¢et Notes
Overseas Aid for the Kids of Sierra Leone (OAKS) Report and Financial Statements Year ended 31 December 2021 Page I Legal and administrative information Stakns Th¢ organisation is a charity, originally fornied on 27th Febnry 2(M)3 and registered as a charity on 26th January 2005. The ¢harity was established undcr a trust d¢¢d on 10th Septembcr 2004. as amended by a supplemental decd dated 22nd December 2004. Th¢ ¢harity operntes under the working nam¢ of Y)AKS" Registered as & charity 26th January 2(K)5 Charity number 11078iX Trustees Mr Andrew Smith Mrs Sue Reid Mr Nic Phipps Operation addrcss 115. Oaklands Guildell Sutton Chester Cbeshire CH3 7HG Bankers Yorkshir¢Bank PLC 5-7 Marina DTive Ellesmere Port Cheshi CH65 OHL
Overseas AAd for the Kids of Sierra Leone (OAKS) Report and Financial Statements Year ended 31 December 2021 Page 2 Report of the Trustee5 for the yer ended 31st December 2021 The Trnstces present th¢ir report and the financial stalemeDts for the year ended 31 December 2021. Constitution and objects OAKS is constitutd uThder a trst deed dafed 10th Sq)tethr 2(K>4. as atDeDded by a suppletn¢ntal deed dated 22nd December 2004 and is a rcgistrred charity (No: 1107800). The principal objcct of the charity is to relieve y)verty. nee& hardship. sickness atmi distrcss among children in Bo, Sierra Lwne and ncighbouring villages. Organlsation The Trustees ofthe charity wbom havc served d¥Jring the yew are sct out on pag¢ l. Grant making policy ' The Trustees meet 011 o regularbosis to Consider and review the pmgress of the school and dld¢ spending priorities. Financial Reviejv The Trnste¢s are ple&s¢d with thc rontinuing Frforn)anc¢ of the charily as set out in the financi8] statcments. Reserves Pollcy The charity has a y)licy of maintaining financial rescrycs sufficient to COVCT anticipated expenditure foT a four month period. The Trnstc¢s recognis¢ the difficultaes involved for a small chaTity to maintain a st¥ady stream of iTrne to Tnaintsin thciT reserves wlicy. As such the Trustees seek to operate regular fulldraisitig events to maiDtain & steady and regular incom¢ stream. Risk Review Thc Trustees havc mmincd the major risks that the charity fa and h&8 tsken steps to minimise those ri5k5.
Overseas Aid for the Kids of Sierra Leone (OAKS) Report and Financial Ststements Year ended 31 December 2021 Pagc 3 Report of the Trustees for the year ended 31st December 2021" colltillued_ Trustees respollsibilities in relation to the fJnaDcial $t8temeDts Law applicable to ¢harities in England and Wales requir¢ the trustc¢s to PTcpare financtal statements for ¢ach fmancial which give a and faiT view of the charity's activities d$"ng thc ycar and of its tlllanrial EX)Sition at the end of the year. In pffparing those fllwKial stttrmen the tnte¢S are required to.. sel¢ci Suitablc accounting policies and apply them consis*ntly' mak¢ judgements and estimat¢s tbat aTe reasonable and PTudeDL aJKI stste whether appltcable accounting standards and ststemcnts of recovtunended practice hav¢ bccn followed subj¢rt to departure5 discloscd explaind tn tbe finJD¢ial stafrments." and prepare the fwartcial stat¢rncnts on the going concern basis unless it is inappropriate to assume that the charity will Cuntinue on that basis. The trnstccs are responsible for maintaining proper accounttng rccords which dis¢lose wTth reasonable accurd¢y at any time the fu1claI position of th¢ cbarity and etble th¢m to ensur¢ that the financial statements comply with the Charitics Act 2011. They are also r¢5ponsible for safeguarding the dssets of the charity and h¢nce for takiDg reasonable steps for the prevention and detection of fraud and other irregularÉties. Approved by the trustees. and signed on their beldf Mrs S Reid 8th June 2022.
Overseas Aid for the Kids of Sierra Leone (OAKS) Report and Financial Statements Year ended 31 December 2021 Page 4 IndepeDdeDt EIamineTS Report to the TStee5 01 Overseas Aid for the Kids of Sierra Leone (OAKS) I report OD tFLe fjnallcial statements of the cbarity for the year ended 31st December 2021, which ore set out OTL pages 5 10 9. Respective respoosibilities of trustees and e%amineT The charity's tNstees aTe responsible fffi the preparntion of the fmancial st&tments. The charity's tTUStees consid¢r that an audit is not Teqvired for this year (under section 43{21 of the Cljarities Act 1993 (th¢ 1993 Act) and that an indepentent exaJnination is n¢e(kd. It is my rcspoDsibility to: examint th¢ fJDancial slatements (UDder section 43 of th¢ Act)", and to follow the procedur¢s laid down in the gclleral directions given by th¢ Charity Commission (under section 43(7)(b) of the Act)- and to state whether parti¢ular n]atier5 have come to my attention Basis of independent exxminers report My examination was caTried out in e0rda1]c¢ witb the g¢neral directions givcn by thc Charity Conimission. An examination includcs a revicw of the accounting records kept by the charity and a ComplSOn of the COUnts prcsentcd those recoTds. Ii #Iso Include consideration of any Imubllal items or disclosures in the a¢counts. and seekg explanatlODS from you as tru8te¢s concerning any such mattcrs. The procedures undeTiakcn do PTovid¢ all the evidence that would be required in an audit, and consequently I do not express an audit opinion on th¢ vicw givcn by the financial statements. Independent examiners statement In thc course of Yny examination, no matter ]w come to my att¢ntion which gives me reasonable cause to b¢lieve that in any material respect the require]ts. to keep accounting records Tn accordance with wtion 41 of the ACL and to prepare financial statem¢nts which a¢cord with the a¢cow)tiTyg rc¢ords and comply with the accounting requirements of the 1993 ACL have not bcen meL or to whicN in my Opinio attention should be dravm itk order to enable a proper understsnding of the financial statrm¢nts to bc rearhed. ROD We]sb Chartered AccouDtant 8th Jw)e 2022.
Overseas Aid for the Kids of Slerra kn)ne (OAKS) Statement of Financial Activities Year ended 31 December 2021 Pag¢ 5 Totsl Funds 2021 Total Funds 2020 Unrestrleted Fullds Restri¢ted Funds Notes Ineoming resources Activiti¢s lo further the charitys objectives I)onations receivablc 79.917 79.917 61,047 Total incomlng resources 79,917 79.917 61,047 Resourees expeDded Direct cbaritable Cxpenditure Fundraising exp¢nditurc Management and administration 32.624 8.886 271 32,624 34,121 271 1,941 Tot*1 resourees expeDded 41.781 32,895 36.062 Net incoming resource5 Net IDcoming for the year 38,136 38.136 24,985 Net Movee0t In funds 38.136 38.136 24,985 Totsl fund5 at l JaDuary 2021 io 218.079 218.079 193.094 Total funds at 31 Deeember 2021 256,215 256 215 218 1179 Movements in fund are shown in note I I to the fuwicial statements.
Overseas Aid for tbe Kids of Sierra Leone {OAKS) Balance sheet As at 31 December 2021 Page 6 2021 202D Nott Fixed asset5 Tangiblc assets 203.481 196,011 Current assets Debtors Cash at bank and in hand 52,734 52.734 22.068 22.068 Creditors.. arnounts falling due within one ycar Net curreDt assets Total assets less current liabilities 52,734 256215 22,068 218,079 Creditors: amounts falling duc after more than one year 256215 218 079 Unrestricted funds G¢n¢Tal fi]nd Dcsignat¢d fimd 256215 218,079 256215 218,079 Restricted fiwds Total funds io Is 218 079 Signed on beha]f of the trustees. Mr Pl Phipp5 Trustee 8th June 2022
Overseas Aid for the Kids of Sierra Ikone (OAKS) Notes to the financial statements Year ended 31 December 2021 Page 7 l Aetounting policies B*sls of aecoulltirtg The financial statemenis have been prepared under the historical cost convention and in accordAnce with th¢ inancial Repotting Standard for Small¢r Entities (cff¢£tive April 2008), and follow the rc¢ommendations n the Charities SORP. Grants are Credit as incomc in the year in which they are receivable. Grants are Dot recogniscd Teceivable until any conditlODS for receipt havc been complicd with. Whcr¢ d¢)nor ivnposed restrictions apply to th¢ timing of th¢ related exponditure as a prc Condition of its use th¢ graDt is trcat¢d as deferrcd income until those restrictions are meL Grants receiY¢d for specific purposes ar¢ awKmted for as reslTiCted fid8. Resouices cxpcnded are allocat¢d to the particular activity where th¢ wst relat&8 alrtlY to thai activity. UDr¢strictcd funds are donations and othcr incoming rcsources rec¢ivable or g¢neTated for the objects of thc ¢harity withoui further sp¢cified purpose and arc available as gcneral funds. Designated funds are unrestricted fimds earmarked by thc Tnanagement committcc for particular Purposes. Rcstrictcd fidS ar¢ to be used for specific PUTPOS¢ts & laid down by the donor. Expcnditure which meets thesc criteria is charged to thc fun together with a fair all(Kativll of mallagement and support costs. AdMI"Stration expeuditute iLclud¢s all expenditure not direcdy related to clwitable aclivities. 2 Incoming resources from activities to further the ¢harity's objects 2021 Total 2020 Total Unrestrieted Re5tiicted DoDations includillg fijnds rnised in Sierra Leone 3 Total resources expellded Direct Management Charitable Expendire Administsation 2021 Total 2020 Total School Nnning Costs School nInteallCe and rcpair MediLal fees alld child suppport Trav¢llitig costs Printing postage and stationery alld sundry other Telephone internet & computer maititenallce SHb-lotal Fundraising event costs 28228 1363 2.726 28.228 1,363 2,726 26,420 4,985 2,716 1,020 776 145 36,062 307 222 49 271 8,886 529 49 32,895 8,886 31624
Overseas Aid for the Kids of Sierra tlle (OAKS) Notes to the financial statements continued... Year ended 31 December 2021 Page 8 4 Net ineoming rwurces for the year 2021 Total 2020 Total This is ststed aftcr chargin¥. Depreeaition Opcrating lease renta]s 5 Staff costs and numbers Staff costs w¢r¢ &s follows; 2021 2020 Salarics and wages Social s¢curity costs. Othcr pension costs 28228 26.420 28 28 No expenscs were paid to thc trustees in thc year. The average weekty numbcr gf ellwloyees dwing the year. calculatcd on the basis of 11 timc equivalents was as folluws= 2021 2020 Teaching staff Nurse J2nitor Adtninistration 14 14 17 17 6 Taxation The charity is ¢x¢tnpt from tax on its CRltable artivities.
Overseas Aid for the Kids of Sierra Leone (OAKS) Notes to the financial statements, continued..- Year ended 31 December 2021 Page 9 7 Tangible fixed assets Land and Buildings Total Cost l January 2021 Additions 31 December 2021 196.011 7,470 203 481 196,011 7.470 203 481 Depreciatio l January 2021 Chargc for the year 31 December 2021 Iyet book value 31 Deccmber 2021 203,481 203 481 l January 2021 196011 196011 8 Credltors: gmounts flllng due withiD one year 2021 2020 Tsade creditors Taxation and so¢ial security 9 Analysis of net ssets between Gcncrnl Funds Designated Funds Restricted Funds TangFible fixed assets Net current accounts 203.481 52.734 256 15 10 Movemellts In funds At l January 2021 Incoming R¢sour¢es Outgoing 31 Dc¢ember Resources 2021 UnTestricted fuDdJ Designated fijnd General fund Total fiwds 218.079 218079 79.917 41.781 256.215 256215 11 Related party transactiDll5 The administratioll of the charity is perfornied by th¢ Slees on a volulltary basis.