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|||AJ Smith||||
|---|---|---|---|---|---|
|||Miss J M Smith||||
|||V KOwen||||
|||D Haworth||||
|Charity|number|1115608||||
|Principal|address|Atlas Works||||
|||Paragon Road||||
|||Langton||||
|||Stoke on Trent||||
|||ST3 1htR||||
|Auditor||Priae Pearson||||
|||Finch House||||
|||28-30Wolverhampton||Street||
|||Dudley||||
|||West Midlands||||
|||DYt 1DB||||
|Bankers||HSBC Bank|Pic|||
|||Coventry
DSC||||
|||Harry Weston Road||||
|||Binley||||
|||Coventry||||
|||CV3 2TQ||||
|||First Capital|Bank Malawi||Limited|
|||Livingstone|Towers|||
|||Glyn Jones|Road|||
|||Private Bag|122|||
|||Blantyre||||
|||Malawi||||
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||||Page|
|---|---|---|---|
|Trustees'
report|||1-7|
|Independent
auditor's||report|8 - 11|
|Statement offinancia|I|activities|12|
|Balance sheet|||13|
|Statement
ofcash flows||||
|Notes to the financial||statements|15-28|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2020|2019|
|||Nates|f|f||f|
|Don etions and legacies||3|1,353,088|1,625|1,354,713|1,880,941|
|Other trading
activities||4|362,885||362,885|464,414|
|Other income||5|109.374||109,374|60,700|
|Total income|||1,825,347|1,625|1,826,972|2,406,055|
|RsQalhgIIttf932Q;|||||||
|Raising funds||6|152.555||152,555|104,590|
|Charitable
acbvities||7|2,175,957|554|2,176,511|1,656,596|
|Support 8 governance||9|347,090||347,090|300,133|
|Total resources expended|||2,675,602|554|2,676,156|2,061,319|
|Net (expenditure)/income|for the yearl||||||
|Net movement
in funds|||(850,255)|1.071|(849,184)|344,736|
|Fund balances at 1 January|2020||1,995,720|3,398|1,999,118|1,654,382|
|Fund balances at 31 December 2020|||1,145,465|4,469|1,149,934|1,999,118|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|f||f||
|Fixed assets||||||||
|Tangible assets|||12||422,270||489,664|
|Investment|properkes||13||423,750||423.750|
||||||846,020||913,414|
|Current assets||||||||
|Stocks|||14|102,179||||
|Debtors|||16|34,962||67,870||
|Cash at bank and in||hand||263,986||1,071,102||
|||||401,127||1,138,972||
|Creditors:|amounts|fatling due vdthin|17|||||
|one Iraar'||||(97,213)||(53,268)||
|Net current|assets||||303,914||1,085,704|
|Total assets tees current liabilities|||||1,149,934||1,999,118|
|Income funds||||||||
|Restncted|funds||||4,469||3,398|
|Llnrestncted|funds||||1,145,465||1,995,720|
||||||1,149,934||1.999,118|
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||||||||2019||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||6||
|Cash flows from operating|||activities||||||
|Cash (absorbed||by)/generated|from|1|||||
|operations||||||(806,318)||366,628|
|Investing|activities||||||||
|Purchase|of tangible fixed assets||||(798)||(39,237)||
|Purchase|of investment
property||||||(130,000)||
|Net cash|used|in investing|activities|||(798)||(169,237)|
|Net cash|used|in financing|activities||||||
|Net (decrease)ilncrease
in|||cash and|cash|||||
|equivalents||||||(807,116)||197,391|
|Cash and|cash|equivalents
al beginning||ofyear||1,071,102||873,711|
|Cash and|cash|equivalents|at end of|year||263,986||1,071,102|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
|||||2020
f|2020|2019f|
|Donations|and|gifts|1,353,088|1,625|1,354,713|1,880,941|
|For the year ended 31December 2019|||1,879,654|1,287||'I,880,941|
|Other trading||activities|||||
||||||2020|2019|
|Covid appeal||income|||8,698||
|Revenue|hom|sales|||70,940|265,108|
|Elephant|bike|sales|||189,752|124,177|
|Cycle ofgoods sales|||||93,495|75,129|
||||||362,885|464,414|
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|||2020|2019|
|---|---|---|---|
|||6|6|
|Other income||69,650|60,700|
|Coronavirus|Jots Retention Scheme Income|36,724||
|||109,374|60,700|
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|Raising f|unds|||
|---|---|---|---|
|||2020|2049|
|Advertising||7,986|2'l,603|
|Zradi0fLg2gig||||
|Elephant|bike costs|53,017|47,976|
|Cycle ofgoods costs||60,557|18,549|
|Postage||30,995|16,462|
|||'I52,555|104,590|
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|||||Malawi|Rwanda|Selbo|Nigeria|Kenya||Total
2020|Total
2019|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2020|2020|2020|2020|2020||||
|||||f|||f|f||||
|Staff costs||||151,475|||||151,475||117,267|
|Charitable||expenditure||404,506|||||404,506||436,876|
|Shipping|-|exports||32,257||||||32,257|115,718|
|Transport|casts (collections)|||6||||||6|72|
|Rent|||||||||||7,236|
|Volunteer|expenses|||21,277||||||21.277|11,010|
|Covid appeal|||payments|8,698||||||8,698||
|||||618,2'i9|||||618,219||688,179|
|Grant funding|||of activities (see note 8)|1,351,613||191,66'7|4,718|10,294|1,558,292||968,417|
|||||1,969.832||191,667|4,718|10.294|2,176,511||'l,656,596|
|Analysis|by||fund|||||||||
|Unrestricted|||funds|1,969,278||191,667|4,7'I8|10,294|2,|175,957|1,656.596|
|Restricted||funds||554||||||||
|||||1,969,832||191,667|4,718|10,294|2,|176,511|1,656,596|
|For the year|||ended 31December 2019|||||||||
|Unrestricted|||funds|1,394,791|897|247,607|13.301||||1,656,596|
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|8|Grants payable||||||||
|---|---|---|---|---|---|---|---|---|
|||Ilalawi|Ssiba|Nigeria|Kenya|Total||2019|
||||||||2020||
|||2020f|2020
f|2020|2020
f||f.||
||Grants ta institutions|I15grants):|||||||
||Construction
and||||||||
||provision
ofservices|1,351,613||||1,351,613||706,612|
||School meals||191,667|||191,667||247,607|
||Stations of the cross|||4,718|10,294|15,012||12,539|
|||1.351,613|'l91,667|4,718|10,294|1,558.292||966,758|
||Grants to individuals|(0|||||||
||grants)|||||||1,659|
|||1.351.613|191,667|4,718|10,294|1,558,292||968,417|
|9|Support costs||||||||
|||Support costs Governance
costs|||2020|2019|Basis of
aI location||
||||f|f|||||
||Staff costs||215,993||215,993|159,629|Staff time||
||Depreciation||68,192||68,192|63,319|Actual||
||Exchange gains||(3,351)||(3,351)|2,121|Actual||
||Business rates||4,601||4,801|6,093|Actual||
||General
insurance||6,195||6,195|5,0'72|Actual||
||Utihties||9,094||9,094|21,631|Actual||
||Nlotor running costs||3,992||3,992|5,104|Actus|I|
||Telecornrnunications||4,408||4,408|139|Estimated||
||Printing
postage 8 stationery||6,326||6,326|4,315|Actual||
||Sundry expenses||10,919||10,919|5,524|Actual||
||Repairs
& maintenance||5,198||5,198|7,667|Actual||
||I egal &professions!|fees|7,137||7,137|5,614|Actus|I|
||Recruitment||480||480|2,836|Actual||
||Travel expenses||3,513||3,513|5,567|Actus|I|
||Bank charges||593||593|702|Actus|I|
||Audit fees|||3,800|3,800|4,800|Governance||
||||343,290|3,800|347,090|300,133|||
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|The average|monthly
number
of employees
duding
|the year was;||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Administration||17|14|
|Drivers||1|2|
|||16|16|
|Employment|coats|2020|2019|
|||6|5|
|Wages and salaries||335,021|260,666|
|Social security|costs|25,598|11,172|
|Other pension|oosts|6,849|5,058|
|||367,468|276,896|
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|12|Tangible fix|ed asseR||||||
|---|---|---|---|---|---|---|---|
|||||Land and|Fixtures, sister vehicles|||
|||||buildings|fittings a|||
|||||improvements|equipment|||
|||||6|8|5||
||Cost|||||||
||At 1 January|2020||580,575|31,545|12,720|624,840|
||Additions||||798||798|
||At 31 December 2020|||580,575|32,343|12,720|625,638|
||Depreciation|and impairment||||||
||At 1 January|2020||108,507|13,949|12,720|135,176|
||Depreciation|charged|in the year|62,233|5,959||68,192|
||At 31 December 2020|||170,740|19,908|12,720|203,368|
||Carrying
amount|||||||
||At 31 December 2020|||409,835|'l2,435||422,270|
||At 31 December 2019|||472,G68|17,596||489,664|
|13|Investment|property||||||
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|14|Stacks|||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
||||||||5|
||Finished|goods and goods for|||resale|102,179||
|15|Financial|instruments||||2020|2019|
|||||||5||
||Canying|amount|of financial||assets|||
||Debt instruments||measured|at|amortised cost|28,266|'72,941|
||Carrying|amount|of financial||liabilities|||
||Measured|at amortised cost||||64,696|47,969|
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|Debtors||||||
|---|---|---|---|---|---|
|||||2020|2019|
|Amounts
fallilng due|||within one year:|8|8|
|Trade debtors||||24,100|28,741|
|Other debtors||||4,166|35,799|
|P repayments|and accrued income|||6,696|3,330|
|||||34,962|67,870|
|Creditors: amounts|||falgng due within ane year|||
||||||2019|
||||||8|
|Other taxation||and sacial security||12,517|5,299|
|Trade creditors||||8,350|36,923|
|Amounts
awed||to Krizevsc Malawi||65,746||
|Other creditors||||2,753|5,046|
|Accruals and|deferred||income|7.847|6,000|
|||||97,2'l 3|53,268|
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||||Movement|in funds||
|---|---|---|---|---|---|
|||Balance at 1|incoming|Resources|Balance at 31|
|||January|resources|expended|December|
|||2020|||2020|
|||8||8|8|
|Unrestricted|funds:|1,995,720|1,825,347|(2,675,602)|1,145,465|
|Restricted funds:||||||
|Give a Child|a Chance Campaign|3,218|1,625|f554)|4,289|
|Seibo Maze||180|||160|
|||1,999,118|1,826,972|i2,676, 156)|1,149,934|
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|19|Analysis
ofnetass~ between funds|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||6||6|
||Fund balances at 31 tiecember 2020 are represented|by||||
||Tangible assets||422,270||422,270|
||Investment
properties||423,750||423,750|
||Current assets||299,445|4,469|303,914|
||||1,145,465|4,469|1,149,934|
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|payments|||
|---|---|---|
||2D20|2019|
|Within one year|67.289|59,950|
|Between two and five years|119,300|179.850|
||188,589|239,800|
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