**COMPANY REGISTRATION NUMBER: 05553986 CHARITY REGISTRATION NUMBER: 1113131** # **NEMA FOUNDATION Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2021** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **FINANCIAL STATEMENTS** ## **Year ended 30 September 2021** ||**PAGE**| |---|---| |Trustees' annual report (incorporating the director's report)|**1**| |Independent examiner's report to the trustees|**8**| |Statement of financial activities (including income and expenditure account)|**9**| |Statement of financial position|**10**| |Notes to the financial statements|**11**| ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** ## **Year ended 30 September 2021** The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2021. ## **Reference and administrative details** **Registered charity name** Nema Foundation **Charity registration number** 1113131 **Company registration number** 05553986 **Principal office and registered** 3 Goshawk Rise **office** Penallta Hengoed CF82 6BG Wales **The trustees** Laura Hanbury Tenison Company Director (resigned 12/01/2022) Amy Claire Carter-James Company Director Richard Mervyn Nightingale Architect Thomas Richard Burns Accountant Dr Eleanor Cooke Clinical Trainee **Independent examiner** Kilsby & Williams LLP Cedar House Hazell Drive Newport NP10 8FY **- 1 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)** ## **Year ended 30 September 2021** ## **Structure, governance and management** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** There have been no new recruitments to the board this year. The board consists of Amy Carter-James, Laura Tenison, Claire Bennison, Richard Nightingale, Tom Burns and Eleanor Cooke. Trustees are empowered to appoint new Trustees by majority vote. ## **Related parties** Amy Carter-James is a shareholder in Guludo Beach Lodge (wholly owned by Bespoke Experience Limited), a small resort in the Guludo region of Mozambique. Sadly, in April 2019, Guludo and virtually all its assets were destroyed by Cyclone Kenneth. JoJo Maman Bebe, a company of which Laura Tenison MBE is the CEO, provides accounting services to the Charity which, for the period under review have not been charged for. Trustee Tom Burns was employed by JoJo Maman Bebe during this accounting period but has since left for a new position. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. As the main work is completed remotely in Mozambique, the Trustees endeavour to ensure proper control of all expenditure and responsibility by suitable persons. As the projects evolve, this is a continuing process. Since April 2020, Amy Carter-James has been overseeing and managing the small Nema team. Although she is based remotely, having set up Nema in 2005, lived on site for 9+ years and developed/overseen all Nema's projects to date, she has intimate knowledge of Nema's operations. She reports on a regular basis to the Trustees on all expenditures made which are compared with previously agreed forecasts for each project. Other risks are reviewed on a regular basis at Trustee meetings. ## **Public benefit statement** The charity is able, by means of education and training, to help communities advance the UN Sustainable Development Goals. This work is largely undertaken on the ground in Mozambique but is also reported on the Charity's website and in social media. **- 2 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)** ## **Year ended 30 September 2021** ## **Objectives and activities** ## **Objectives and aims** The Charity's official objectives are to operate in Mozambique to: - Help relieve poverty - Conserve, protect and improve the physical and natural environment - Advance education of the local population ## **Partners & volunteers** **Trustees:** All Trustees give their time voluntarily, dedicating huge amounts of their time, often on a daily basis, to fundraise and develop Nema's effective delivery of projects. **Local Volunteers:** Most projects involve local volunteers, committed to relieving poverty in their own communities. Some of these volunteers are paid a stipend for the days they work. Nema encourages community participation at all stages of projects, this is easier to implement in some villages than others. **JoJo Maman Bébé:** Laura Tenison, CEO of JoJo Maman Bebe has continued to generously and tirelessly support Nema through JoJo, both in kind and financially. ## **Approach** Nema uses a holistic and participatory approach to sustainably enable communities to address the UN Sustainable Development Goals. Projects overlap and reinforce each other creating stronger foundations for continued development. The communities Nema works with are partners; projects are designed and implemented through a network of community leaders and volunteers and only start once the community is 100% committed and their contribution has been formalised. Nema develops and implements communityled strategies to support health, education and sustainable livelihood initiatives, predominantly with a specific focus on girls and women. Local government is involved at all levels and Nema carefully supports all relevant national policies. Each project has a strong emphasis on research and monitoring and helping to ensure maximum success. ## **Background** Nema has been working with communities in Mucojo, Northern Mozambique, since 2005 in the areas of health, education and sustainable livelihoods reaching a population of 60,000. Nema was set up alongside Guludo Beach Lodge as its charitable arm and is a UK registered charity with NGO status in Mozambique. Prior to initial violence in Mucojo in 2018 Nema's projects included: |||| |---|---|---| |Health|Water|- Water points (52 in total)
- Water committee support + water point maintenance| ||Hygiene & sanitation|- Hygiene & Sanitation workshops
- Construction of latrines| **- 3 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)** ## **Year ended 30 September 2021** |||| |---|---|---| ||Infrastructure &
services|- 2 x motorbike ambulances: predominantly used by women in
labour.
- Community health centres
- Accomodation near a clinic for pregnant women ready to give
birth
- Rehabilitation of two clinics and one ambulance station after
Cyclone Kenneth| ||Malaria|- Malaria workshops, data collection and distribution of treated
bed nets| ||Nutrition|- Nutrition workshops for pregnant women and mothers with
children under 5, data collection and support| ||Maternal + newborn
care|- Workshops, subsidies and training for traditional birth
attendants| ||HIV|- Workshops
- Youth HIV football project with testing and awareness
- Drama performances| ||Orphaned and
vulnerable children|- Support for families caring for orphaned or vulnerable children
while monitoring the wellbeing of each child.| |Education|Infrastructure|- Construction of 5 schools
- Repair of 11 schools after Cyclone Kenneth| ||School meals|- 1300+ students in 5 primary schools| ||Scholarships|- Full boarding secondary school scholarships
- Vocational scholarships (nursing, teaching, pharmacist)| |Sustainable
Livelihoods|Marine protected
areas|- Development and monitoring of fisheries| **- 4 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)** ## **Year ended 30 September 2021** |||| |---|---|---| ||Women’s
cooperatives|- Soap-making, bakeries, pottery, tiles, tea shops and palm
weaving.| ||Agriculture|- Workshops, provision of materials, support in the set up
associations| ||Tree planting|- Fruit tree planting within the communities for the most
vulnerable and schools.| ## **Initial violence in Mucojo, Cabo Delgado (Reporting period 2018/19)** The civil war in Mozambique ended in 1991, afterwhich this remote area of Northern Mozambique remained very peaceful. However, in October 2017, a small group started to attack towns 100+km north of Mucojo. On the 6th June 2018 attacks in our administrative post of Mucojo began, involving killings, the abduction of women/girls and the burning of houses, shops and vehicles. These attacks continued, significantly hindering many of our projects. ## **Cyclone Kenneth (April 2019)** On the 25th April 2019, Cyclone Kenneth struck. With no history of cyclones, no one was prepared for Kenneth; the strongest cyclone to ever hit Africa's east coast. The eye of the storm made landfall on Guludo's bay and tore through the 15 villages we work with, causing complete devastation. The Post of Mucojo, where Nema is based, was the worst affected, with over 95% of homes, and our founders' Guludo Beach Lodge, was completely destroyed and over 140,000 people affected. 43 people were killed locally and Nema was the first and only local organisation delivering food and emergency support. ## **Continued Violence in Mucojo, Cabo Delgado (2019/20)** Throughout this period there have been sporadic attacks in and around Mucojo involving burning homes, killing residents and abducting girls and women. There was a military base in Mucojo, close to our store/office. Most residents were too scared to sleep in their villages, hiding in the bush at night. Travel was difficult, and often unavailable if the insurgents were nearby. On the 30th September 2020 (the day before this reporting period began) the insurgents took control of the entire Mucojo region and remained in control at the time of writing this report. Weeks later, members of the Nema team managed to assess the damage. Sadly the Nema store/office had been set alight. All Nema's equipment and our two motorbike ambulances were destroyed. **- 5 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)** ## **Year ended 30 September 2021** ## **Achievements and performance** During this reporting period, Nema has been focused on 3 main projects. ## **1. Evacuation and Support for Displaced Families Fleeing Conflict in Mucojo** The day before this reporting period, insurgents violently took control of the Mucojo region where we work. All the remaining residents fled, either to the islands or to Macomia town. Macomia is 50-90km from the villages in Mucojo and over 5000 people walked the distance, majority without food or water. Many elderly and vulnerable people died on the way. Upon reaching Macomia town the only help they could find was Abudo Muera, Nema's employee. The threat of an attack on Macomia town was imminent and there was little to no food, healthcare or shelter for these IDPs (internally displaced people). The Mozambican government would not allow NGOs to access Macomia district, therefore, Nema was the only lifeline. Abudo, with the help of some displaced Nema scholars, worked tirelessly to identify the most vulnerable families - mainly the elderly and those with young children. Once identified, we provided each family with: - food - transport to family living in safe regions (generally 100km+ away)- a small cash subsidy In total we supported 374 families, a total of 916 individuals. ||**<5 years**|**6-18 years**|**19-64 years**|**65+ years**|**Total**| |---|---|---|---|---|---| |**Female**|159|148|223|98|628| |**Male**|128|117|3|40|288| ||||||916| Once relocated, the Nema team visited each of the families, connected them with other organisations and provided some materials and another small cash subsidy. ## **2. Secondary School Scholarships** This project offers secondary school and vocational scholarships to students who have completed primary school to 7th grade which is available locally. It supports students throughout all five years of secondary school from 8th class to 12th. As part of the project, Nema covers their school and boarding fees, transport costs for 3 return journeys each year, as well as school materials, such as exercise books, pens, uniforms, soap and buckets. In 2020 Nema supported 117 secondary scholars to enrol. However, students returned from school in April due to COVID. Nema organised and distributed distance learning packs for all the students, however, the schools never reopened. In 2021 the schools reopened in March. Nema supported 87 scholars (59 in Muaguide and 28 in Mariri Secondary Schools). The scholarship covers transport costs, school and boarding fees, and general students' costs, such as photocopies and exam fees. **- 6 -** NEMA FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) {¢onthuedJ Year ended 30 September 2021 3. Tertiary & Vocational Scholarshlps Durtng this pwj we 5UPPOrted 8 s￿dents. - F(￿r thdents doing a nurslng course. - Three students doing teachirwJ coutses. - One Student 5tytying for a dejree at unlverslty. F5nancial revlew Results for the year The totsl Inccffle fty the year was £37,905 and tiknl eX￿dItUre was £31,066. Thls gave a rt Inc(me of £6,839 for the finanol year. Re5erwe5 pollcy The Trust￿ should reserve enough to meet 3 mcffilh5 oveJhead expenditures (whith are very l¢yi) and ensu￿ that pach proJ￿t stsrted Is fulty fiJnd&l. Principal ftinding sour Ihe tunding for the Charty comes from conthbutsons fr(ffn Jojo Manan Bebe, past Guludo Bexh Lojge guests, grant applicat￿n5 and individual donatlons from people who a￿ effjthus8J by the work of the Charlty as well as contstts of the Trustees who support the Charity's aims. The funds used during thls period were frun: l. Unl￿1 Nations Intematoonal Organi5ati(M) for Mloratlon (OIM) The grdnt was faolitatay through the I￿1 OIM oflth in Pemba. (Ajnds r￿1¥￿1 In previous rep)￿ng peric*J) 2 The Dutch DeveloFKnent Bank {FMO) Organis&J by and fadlitatd through Mahs Aftica. {Funds receivej In prevlou5 rekX)rting per11￿1) 3. DAI- d6tributlng funds frcrfn USAID (Funds received in this reportlng wicMI) Small company provisions Thls rep)rt has been prepared tn acconjan￿ with the pTovIsI￿5 appllcable to CCrt))panles to the small compani&£ eXampt(C￿. 2q/.£/2i The trustees, annual report was ap￿0￿1 on ....... ,..,. . . I skJnal on behalf of the toard of Mrs A C Carter-james Trustee ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEMA FOUNDATION** ## **Year ended 30 September 2021** I report to the trustees on my examination of the financial statements of Nema Foundation ('the charity') for the year ended 30 September 2021. ## **Responsibilities and basis of report** As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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, I report in respect of my examination of the charity’ s accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or 3. the financial statements 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 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable 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 to be reached. ## **Kilsby & Williams LLP** ## **Independent Examiner** **Cedar House Hazell Drive Newport NP10 8FY** **- 8 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** ## **Year ended 30 September 2021** ||||**2021**||**2020**| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds**Total funds**||**Total funds**| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**5**|37,905|–|37,905|95,036| |||----------------------------|--------------|----------------------------|----------------------------| |**Total income**||37,905|–|37,905|95,036| |||============================|==============|============================|============================| |**Expenditure**|||||| |Expenditure on charitable activities|**6,7**|1,711|29,354|31,066|60,475| |||----------------------------|----------------------------|----------------------------|----------------------------| |**Total expenditure**||1,711|29,354|31,066|60,475| |||============================|============================|============================|============================| |||----------------------------|----------------------------|----------------------------|----------------------------| |**Net income and net movement in funds**||36,194|(29,354)|6,839|34,561| |||============================|============================|============================|============================| |**Reconciliation of funds**|||||| |Total funds brought forward||44,479|36,409|80,888|46,327| |||----------------------------|----------------------------|----------------------------|----------------------------| |**Total funds carried forward**||80,673|7,055|87,728|80,887| |||============================|============================|============================|============================| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 11 to 18 form part of these financial statements.** **- 9 -** NEMA FOUNDATION COMPANY UMrrED BY GUARANTEE srATEMENT OF FINANCIAL posrrIoN 30 September 2021 2021 2020 Nots CURRENT ASSErs Debtors Cash at bank and In hand 12 20,159 68,468 88,627 30,331 51,307 81,638 CREDrroRS: afflounts lalllng due wlthln one year NET CURRENT ASSErs 13 900 750 87,727 87,727 B7,727 80,888 TOTAL ASSEfs LESS CURRENT LIABILrrIES 80,888 80,888 NEf ASSETS FUNDS OF THE CHARfTY Restnct8J fijnds Unrestritted funds 7.055 80,673 87,728 36,409 44,478 80,887 Total charity funds For the year ending 30 Sept￿ber 2021 the charlty was entiued ty) from audit u￿ler sthin 477 the Ccmpanies Att 2006 relating to small companies. Dlr8Iots ￿p¢￿SIbIlitIeS. The members have nrt required the c(￿F￿nY to obtsln an a￿lIt of its flnandal ststwnents the year In quesbon In acCc￿an￿ with sertion 476; The directcfs acknowl8Jge thelr resp)nsibllltles for compmng with the requlrements (( the Act wtth re5￿t to accounung records and the p￿paratIOn of financlal statenents. These finanoal ststanents have b*n prepared In ￿or￿ants wth the proylsions appllcable to C￿panIeS subj81 to the small Cc￿panI￿ wirrt. nts were apwoved by the bo￿ of trustees aThJ aUthOrf￿ for Issue on are fJJ on l￿half of the bjard by: These finandal s Mrs A C Carter-james Trustse The notss on paoes li to 18 form part of these finanrial statemen1& io- ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **Year ended 30 September 2021** ## **1. GENERAL INFORMATION** The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 3 Goshawk Rise, Penallta, Hengoed, CF82 6BG, Wales. ## **2. STATEMENT OF COMPLIANCE** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. ## **3. ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Foreign currencies** Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **- 11 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **3. ACCOUNTING POLICIES (continued)** ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 20% straight line Motor vehicles - 20% straight line **- 12 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **3. ACCOUNTING POLICIES (continued)** ## **Financial instruments** A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. ## **4. LIMITED BY GUARANTEE** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1. **- 13 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **5. DONATIONS AND LEGACIES** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2021**| ||£|£|**£**| |**DONATIONS**|||| |Unrestricted donations|37,905|–|37,905| |Disaster relief|–|–|–| ||----------------------------|--------------|----------------------------| ||37,905|–|37,905| ||============================|==============|============================| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2020**| ||£|£|**£**| |**DONATIONS**|||| |Unrestricted donations|14,133|–|14,133| |Disaster relief|–|80,903|80,903| ||----------------------------|----------------------------|----------------------------| ||14,133|80,903|95,036| ||============================|============================|============================| **- 14 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **6. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2021**| ||£|£|**£**| |Water|–|–|–| |Hygiene & sanitation|–|–|–| |Mother & child|–|–|–| |Schools|–|–|–| |Scholars|–|14,851|14,851| |Education|–|4,807|4,807| |Enterprise|–|–|–| |Agriculture|–|–|–| |General|429|–|429| |Build costs|–|–|–| |General|349|–|349| |Disaster relief|–|9,696|9,697| |Support costs|933|–|933| ||-----------------------|----------------------------|----------------------------| ||1,711|29,354|31,066| ||=======================|============================|============================| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2020**| ||£|£|**£**| |Water|–|171|171| |Hygiene & sanitation|–|369|369| |Mother & child|–|130|130| |Schools|–|353|353| |Scholars|–|12,047|12,047| |Education|–|1,684|1,684| |Enterprise|–|548|548| |Agriculture|–|778|778| |General|9,218|–|9,218| |Build costs|–|648|648| |General|5,665|–|5,665| |Disaster relief|–|27,766|27,768| |Support costs|1,099|–|1,096| ||----------------------------|----------------------------|----------------------------| ||15,982|44,494|60,475| ||============================|============================|============================| **- 15 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **7. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE** |||Activities||||| |---|---|---|---|---|---|---| |||undertaken|||**Total funds**|**Total fund**| |||directly Support|costs||**2021**|**2020**| |||**£**|**£**||**£**|**£**| ||Water|–||–|–|171| ||Hygiene & sanitation|–||–|–|369| ||Mother & child|–||–|–|130| ||Schools|–||–|–|353| ||Scholars|14,851||–|14,851|12,047| ||Education|4,807||–|4,807|1,684| ||Enterprise|–||–|–|548| ||Agriculture|–||–|–|778| ||General|429||–|429|9,218| ||Build costs|–||–|–|648| ||General|349||–|349|5,665| ||Disaster relief|9,697||–|9,697|27,768| ||Governance costs|–|933||933|1,096| |||----------------------------|--------------||----------------------------|----------------------------| |||30,133|933||31,066|60,475| |||============================|==============||============================|============================| |**8.**|**NET INCOME**|||||| ||Net income is stated after charging/(crediting):|||||| ||||||**2021**|**2020**| ||||||**£**|**£**| ||Depreciation of tangible fixed assets||||–|2,987| ||Gains on disposal of heritage assets||||–|(1,345)| ||Foreign exchange differences||||(58)|
4,286| ||||||==============|=======================| |**9.**|**INDEPENDENT EXAMINATION FEES**|||||| ||||||**2021**|**2020**| ||||||**£**|**£**| ||Fees payable to the independent examiner for:|||||| ||Independent examination of the financial statements||||900|750| ||||||==============|==============| |**10.**|**STAFF COSTS**|||||| ||The average head count of employees during the year was 2 (2020:|||3).|The average|number of full-| ||time equivalent employees during the year is analysed as follows:|||||| ||||||**2021**|**2020**| ||||||**No.**|**No.**| ||Number of staff||||2|3| ||||||==============|==============| No employee received employee benefits of more than £60,000 during the year (2020: Nil). **- 16 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **11. TRUSTEE REMUNERATION AND EXPENSES** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. ## **12. DEBTORS** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Prepayments and accrued income|8,390|18,562| |Other debtors|11,769|11,769| ||----------------------------|----------------------------| ||20,159
============================|30,331
============================| ## **13. CREDITORS: amounts falling due within one year** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Accruals and deferred income|900|750| ||==============|==============| ## **14. ANALYSIS OF CHARITABLE FUNDS** ## **Unrestricted funds** |||||**At 30**| |---|---|---|---|---| ||At 1|||**September**| ||October 2020|Income|Expenditure|**2021**| ||**£**|**£**|**£**|£| |General funds|44,479|37,905|(1,711)|80,673| ||============================|============================|=======================|============================| |||||**At 30**| ||At 1|||**September**| ||October 2019|Income|Expenditure|**2020**| ||**£**|**£**|**£**|**£**| |General funds|46,327|14,133|(15,982)|44,478| ||============================|============================|============================|============================| |**Restricted funds**||||| |||||**At 30**| ||At 1|||**September**| ||October 2020|Income|Expenditure|**2021**| ||**£**|**£**|**£**|£| |Restricted Fund|36,409|–|(29,354)|7,055| ||============================|==============|============================|=======================| |||||**At 30**| ||At 1|||**September**| ||October 2019|Income|Expenditure|**2020**| ||**£**|**£**|**£**|**£**| |Restricted Fund|–|80,903|(44,494)|36,409| ||==============|============================|============================|============================| ## **Restricted funds** **- 17 -** ## **NEMA FOUNDATION** ## **COMPANY LIMITED BY GUARANTEE** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Year ended 30 September 2021** ## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ||Unrestricted|**Total Funds**| |---|---|---| ||Funds|**2021**| ||**£**|**£**| |Current assets|88,627|88,627| |Creditors less than 1 year|(900)|
(900)| ||----------------------------|----------------------------| |**Net assets**|87,727|87,727| ||============================|============================| ||Unrestricted|**Total Funds**| ||Funds|**2020**| ||**£**|**£**| |Tangible fixed assets|–|–| |Current assets|81,638|81,638| |Creditors less than 1 year|(750)|
(750)| ||----------------------------|----------------------------| |**Net assets**|80,888|80,888| ||============================|============================| **- 18 -** NEMA FOUNDATION Kltsby & Williarns LLP Charter8J Aco)untants Cedar Fksu5e Hazell Drtve NEWPORT SoLrth Wales NPIO 8FY Yow ref.. SRTIKWNC6X Dear Sl We confimi to the best of and teller, aryl havhYJ m* approprtate enqulrles of rther trust￿ of the ctsnpany wth reknnt krbjwbjge and eXpene￿￿ sufficawrt to satlsfy oursdves that we on protvty ftkike each of the frllowing representati￿$ to Y￿ kn axmeLIkn wlih y￿r prepaTrtk)n of the Cl￿panY accounts for the reTlcAI endal 30 Sept￿l￿ 2021. l the actounvng recryds have be￿ ft￿de avallable to you for the purpose of preparfng the accounts ènd all the transaCtNJns uNlatsken by the ctsnpany have teen property reflect&l and record￿ In the ￿C￿nI1￿ r￿)rds. All (ts YKonls aThJ relateA ha¥e male avallable to you. We cwtfim all b￿k xcounts that exlthl the year hm I￿ dlsdosej to yc¥J t(*Jett wlth ddalls of all other bank held. the ￿(￿nts. thatthe k)3n (rf£11,768.fA) frrm Abldarre Pjkle atthe yeareThJ Is ful￿ r￿l￿rIble. that the glft *J b*no cl £8￿90.13 at the ￿ end Is cThnpk* and fulty reW￿rdb1e. Yours falthlully Slgned on behalf of Trustee5 £q