Annual Report and Financial Statements for the Year Ended 31 May 2022
Benin Christian Support
Charity registration number: 1111190
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
Benin Christian Support
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
Benin Christian Support
Reference and Administrative Details
Trustees Miss Penelope Anne Waterman Mrs Deniz Hazell Ms Gill Kendall Mrs Deborah Susan Reeves Mrs Maureen Anne Sanders Charity Registration 1111190 Number Principal Office The Annexe The White House High Street Thorpe-le-Soken Essex CO16 0EF Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC Bank plc 63 Connaught Avenue Frinton On Sea Essex CO13 9PP
Page 1
Benin Christian Support
Trustees' Report
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2022.
Structure, governance and management
Nature of governing document
Benin Christian Support is a registered charity, number 1111190, and is constituted under a Trust deed.
Recruitment and appointment of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
The Trustees look for persons of proven integrity who share the vision and objectives of the Trust and who have relevant wisdom and experience to contribute to the running of the Charity.
Induction and training of trustees
Each new Trustee is provided with the relevant Charity Commission publications a copy of the constitution and at a meeting with the Chairman fully briefed on the operation of the Trust and the responsibilities of Trustees.
Organisational structure
The charity is governed by a board of Trustees.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Objectives and activities
Objects and aims
The objects of the charity are:
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The relief of sickness and the preservation of health and welfare among people residing permanently or temporarily in Benin, West Africa.
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The relief of financial hardship among those living or working in Benin by providing such persons with education.
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The relief of financial hardship either generally or individually of people living in Benin by providing or paying for goods,services and facilities.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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Benin Christian Support
Trustees' Report
Use of volunteers
The Trustees would like to thank all those who have given their time, energy and resources in making it possible for the charity to function smoothly and in a unified fashion.
Achievements and performance
Review of activities
We have had some challenges with DHL and customs information but everything has been resolved and parcels are leaving and arriving smoothly with no more problems re Customs information.
The charity has continued to fund emergency medical problems and treatments including surgery.
School, University and Apprenticeship sponsorship is ongoing also providing books, equipment and funding examinations.
We are looking to sponsor two more boys, who live in our House of Hope, for University starting October 2022. BCS also sponsor an evening teacher to provide extra help for the children in the House of Hope who are struggling.
We are still feeling the effects of Covid 19 with our events income down as cost of living bites but we are optimistic for the future.
Because we have still been unable to visit Benin twenty seven parcels were sent during the year ending 31st May 2022.
In September 2021 BCS received and unexpected large donation which was also Gift Aided and this has helped enormously.
We have made contact with a Scouts Group and have provided equipment for them to help themselves and also the local community. By growing vegetables to sell so more boys and girls will be able to join the association (many are unable to join through lack of money to pay the subs) and also to provide vegetables free to the poorest families in the village.
BCS continue to receive many requests for humanitarian aid which we try to provide.
Financial review
The income for the year amounted to £48,731 (2021 - £40,374) and expenditure £41,766 (2021 - £37,467). Fund balances at year end were £14,585 (2021 - £7,620).
Investment policy and objectives
At the present time the income of the charity is fully committed on a month by month basis. The Trustees will apply an investment policy if surplus funds arise in the future.
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Benin Christian Support
Trustees' Report
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity 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.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 15 August 2022 and signed on its behalf by:
......................................... Miss Penelope Anne Waterman Trustee
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Benin Christian Support
Independent Examiner's Report to the Trustees of Benin Christian Support
I report to the Trustees on my examination of the accounts of Benin Christian Support for the year ended 31 May 2022.
Responsibilities and basis of report
As the charity Trustees of Benin Christian Support you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Benin Christian Support's accounts carried out under section 145 of the 2011 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.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Benin Christian Support as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
15 August 2022
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Benin Christian Support
Statement of Financial Activities for the Year Ended 31 May 2022
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 35,961 Investment income 3 2 Total income 35,963 Expenditure on: Charitable activities 4 28,998 Total expenditure 28,998 Net income 6,965 Net movement in funds 6,965 Reconciliation of funds Total funds brought forward 7,620 Total funds carried forward 8 14,585 |
Restricted funds £ 12,768 - 12,768 12,768 12,768 - - - - |
Total 2022 £ 48,729 2 48,731 41,766 41,766 6,965 6,965 7,620 14,585 |
Total 2021 £ 40,374 - |
|---|---|---|---|
| 40,374 | |||
| 37,467 | |||
| 37,467 | |||
| 2,907 | |||
| 2,907 4,713 |
|||
| 7,620 |
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
Benin Christian Support
Balance Sheet as at 31 May 2022
| Note Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 8 |
2022 £ 2,301 12,664 14,965 (380) 14,585 14,585 14,585 |
2021 £ 977 6,993 |
|---|---|---|
| 7,970 (350) |
||
| 7,620 | ||
| 7,620 | ||
| 7,620 |
The financial statements on pages 6 to 14 were approved by the Trustees, and authorised for issue on 15 August 2022 and signed on their behalf by:
......................................... Miss Penelope Anne Waterman Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
1 Accounting policies
Statement of compliance
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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Benin Christian Support meets the definition of a public benefit entity under FRS 102. The accounts (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.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Investment income
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 institution with whom the funds are deposited.
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2 Income from donations and legacies
| Donations and legacies; Donations Legacies Gift aid reclaimed Other income from donations and legacies |
Unrestricted funds General £ 26,985 2,000 6,191 785 35,961 |
Restricted funds £ 12,768 - - - 12,768 |
Total 2022 £ 39,753 2,000 6,191 785 48,729 |
Total 2021 £ 34,429 - 5,945 - |
|---|---|---|---|---|
| 40,374 |
3 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 2 |
Total 2022 £ 2 |
|---|---|---|
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
4 Expenditure on charitable activities
| Medical Child sponsorship Orphans Humanitarian/food Charitable Motor and travel Office costs Bank charges Professional fees Other costs Independent examination |
Unrestricted funds General £ 2,080 - 9,563 5,541 2,313 1,358 5,751 223 - 1,719 450 28,998 |
Restricted funds £ 1,893 10,875 - - - - - - - - - 12,768 |
Total 2022 £ 3,973 10,875 9,563 5,541 2,313 1,358 5,751 223 - 1,719 450 41,766 |
Total 2021 £ 3,091 10,230 8,143 4,619 2,455 3,893 3,025 133 503 955 420 |
|---|---|---|---|---|
| 37,467 |
5 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
6 Debtors
| 6 Debtors | |
|---|---|
| 2022 £ Accrued income 501 Other debtors 1,800 2,301 Debtors includes £1,522 (2021: £Nil) receivable after more than one year. 2022 £ Other debtors 1,522 7 Creditors: amounts falling due within one year 2022 £ Accruals 380 |
2021 £ 977 - |
| 977 | |
| 2021 £ - |
|
| 2021 £ 350 |
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
8 Funds
| Unrestricted funds General General Funds Restricted funds Child sponsorship Medical Total funds Unrestricted funds General General Funds Restricted funds Child sponsorship Medical Total funds |
Balance at 1 June 2021 £ 7,620 - - - 7,620 Balance at 1 June 2020 £ 4,713 - - - 4,713 |
Incoming resources £ 35,963 10,875 1,893 12,768 48,731 Incoming resources £ 28,493 10,230 1,651 11,881 40,374 |
Resources expended £ (28,998) (10,875) (1,893) (12,768) (41,766) Resources expended £ (25,586) (10,230) (1,651) (11,881) (37,467) |
Balance at 31 May 2022 £ 14,585 - - |
|---|---|---|---|---|
| - | ||||
| 14,585 | ||||
| Balance at 31 May 2021 £ 7,620 - - |
||||
| - | ||||
| 7,620 |
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Benin Christian Support
Notes to the Financial Statements for the Year Ended 31 May 2022
9 Analysis of net assets between funds
| 9 Analysis of net assets between funds | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 14,965 (380) 14,585 Unrestricted funds General £ 7,970 (350) 7,620 |
Total funds at 31 May 2022 £ 14,965 (380) |
| 14,585 | ||
| Total funds at 31 May 2021 £ 7,970 (350) |
||
| 7,620 |
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