Burkina Health Foundation Limited (a company limited by guarantee) Report & Financial Statements Period ended.. 31 December 2024 Charity No.. 1116679 Company No: 5857341
Burkina Health Foundation Limited Report of the Trustees for the period ended 31 December 2024 The Trustees are pleased to present their report together with the financial ststernents of the charity for the period ending 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Company's Memorandum and Articles of Association, the special provisions of Part 15 of the Companies Act 2006 relating to small companies. the Charities (Accounts and Reports) Regulations 2008. the Charities Act 2011 and 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 issued on 16 July 2014 (FRS 102). Reference & Adminlstrative Details Charity No.. Company No.. Registered Office.. Bankers: 1116679 5857341 39 Radipole Road, Fulham, London, SW6 5DN SG Kleinwort Hambros Bank Limited. One Bank Street, Canary Wharf, London E14 4SG The DireGlors of the charitsble company are its trustees for the purpose of charity law and throughout this repori are collectively referred to as the Trustees. Directors & Trustees: The Trustees seNing during the period and since the period end were as follows: Chief Executive: Company Secretary.. Aidan de Brunner Covadonga Bascaran Ana Pardo Chades Collins Objectives and Activities in the Directors, Report: The objective of the charity is to promote sustainable healthcare in Burkina Faso. The Eureka polyclinic in Bobo Dioulasso is now in its tenth year of operation and has been profitable since 2020. The next Step of the development program is to build out surgical capacity. The Trustees continue to work closely with the team at Eureka and are targeting an investment of approximately 750,000 to fund this development, financed from a combination of donations and local bank debt. This process has taken considerably longer than anticipated. not least owing to the local political conditions. but the directors remain confjdent of being able to conclude the process in the coming months. Financial Revlew: BHF'S principal donors in 2024 were the Trustees. Reserves and Rlsk Management: A prudent approach is adopted towards the management of reserves; all projects are fully funded.
Burkina Health Foundation Limited Trustees, responsiblllties in relation to the financial statements: The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of Ihe financial period and of its surplus or deficit for the financial period. In doing so the Trustees are required to.. select suitable aGGounting policies and then apply them consistently., make sound judgements and estimates that are reasonable and prudent: and prepare the financial statements on the going concern basis unless it is appropriate to do OtheiSe. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company's Directors we certify thal so far as we are aware the above has been complied with. Signed on behalf of the Trustees by: Aidan de Brunner 11 April 2025 Covadonga Bascaran 11 April 2025
Burkina Health Foundation Limitsd statement of Financial Activities (including income and expenditure account) for the period ending 31 December 2024 Note Unrestricted Funds Restricted Total Funds Total Funds Funds 31.12.2024 31.12.2023 Income from: Grants & donations Investment income 47,690 47,690 170,097 47.690 170.097 Expenditure on: Fundraising costs Charitable expenditure Administrative expenditure (6,275) (89,934) 4,979 101,188 (119,438) 558 119 996 (119.438} 558 119,996 Net incoming resources Transfers between funds (72,306) 2,010 (72,306) 68.909 (2,010) Net movement of funds Funds brought fo]ward Total funds carried forward {70,296) 79.941 9,645 (2,010) 2,010 (72,306} 81,951 9,645 68,909 13.042 81,951 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notes on page 6 form part of these accounts.
Burkina Health Foundation Limited Balance sheet as at 31 December 2024 Note 31.12.2024 31.12.2023 Fixed assets Tangible assets Investments Current assets Stock Debtors Cash at bank and in hand 11.157 11,157 82,935 Liabilities Creditors falling due within one year (1.512) (984) Net current assets 9,645 81,951 Total assets less current liabilities 9,645 81,951 Creditors falling due after more than one year Net assets 9,645 81,951 Funds of the charity Restricted funds Unrestricted funds Total charity funds 2,010 79,941 81,951 9,645 9,645 For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its incoming resources and application of resources, including its income and expenditure, for the financial period in accordance with the requirements of sections 393 and which olherwise comply wilh the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies, regime. Approved by the Trustees on 11 April 2025. Signed.. Aidan de Brunner Covadonga Bascaran The notes on page 6 form part of these accounts.
Burkina Health Foundation Limited Notes to the accounts For the period ended 31 December 2024 Accounting policies (a) Basis of preparation The accounts (financial statements) have been prepared in accordance with the provisions of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities under the historical cost convention with items recognised at cost or transaction value unless otherwise ststed in the relevant note to these accounts. The financial slatements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 issued on 16 July 2014 and FRS 102 and the Charities Act 2011. In preparing these accounts the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative figures was needed. No such restatements were required. The Company has taken advantage of a number of disclosure exemptions permitted by FRS 102. The Company constitutes a public benefit entity as defined by FRS 102. The directors consider that there are no material uncertainties about the Company's ability to continue as a going concern. (b) Incoming resources Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement. certainty of receipt and that the amount can be measured with sufficient reliability. {c) Resources expended Expenditure is recognised when a liability is incurred. Legal status The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £1.00. Grants and donations There were several donations in the year, some ofwhich were significant. Employees There are no full time or part tim8 employees working for the charity. Reimbursements The Trustees were not paid or reimbursed expenses during the year and no Trustee received any emolument or payment for professional or other services.
Burkina Health Foundation Limited CHARTERED ACCOUNTANTS. REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF BURKINA HEALTH FOUNDATION LIMITED In order lo assist you to futfil your duties under the Companies Act 2006, we have prepared for your approval Ihe financial statements of Burkina Heallh Foundation Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Eamings. Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW'S regulations and guidance at http:Ilww.icaew.comlenlmembershiplregulations-standards-and- guidance. This report is made solely to the Board of Directors of Burkina Health Foundation Limited, as a body. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burkina Health Foundation Limited and slate those matters that we have agreed to state to the Board of Directors of Burkina Health Foundation Limited, as a body, in this report in accordance with ICAEW Technical Release 07116AAF. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than Burkina Health Foundation Limited and its Board of Directors. as a body, for our work or for this report. It is your duty to ensure that Burkina Health Foundation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burkina Health Foundation Limited. You consider that Burkina Health Foundation Limited is exempt from the statutory audit requirement for Ihe year. We have not been instructed to carry out an audit or a review of the financial statements of Burkina Health Foundation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or informalion and explanations you have given to us and we do not, therefore. express any opinion on the statutory financial statements. Goodale Mardle, Chartered Accountants Greens Court West street Midhurst West Sussex GU29 9NQ Date:Ii. 04.2025