Trustees Annual Report 2021/2022
It has been a wonderful year here at SAFE. Covid restrictions finally becoming a thing of the past, we have been able to get back to our normal engaged activities, face to face with our lovely benficiaries and volunteers.
We have continued running our BIG Lottery funded Global Citizenship sessions to young people in Wales, with participant levels almost back to pre-covid numbers, it has been a joy to get back to full delivery of this amazing programme. We have worked with several partners, notably Inspire Swansea, Youth Service Caerphilly, Niche Teach who have all gone on to create fundraising events for SAFE after being inspired to get involved following the GC course.
We have delivered extra sessions with an additional focus on mental health issues that young people have faced due to the
coronavirus pandemic.
We were asked to be involved in the Women For Resources International Zoom, where we talked about Environmental Citizenship with women from across the globe and how we can make changes to our lives to reduce our impact on the environment.
We have run several events, from the fun of a life drawing lesson, to clothes swaps and fundraising feasts.
We have settled into our new offices at Meanwhile house.
Our international communities have also made progress with getting back to normal life.
We have funded the building of a sanitation block in Sierra Leone at our project in Kankaylay primary school, increasing access to safe sanitation for all the children who attend.
We have provided a grant to our project MYWA in India to assist the teachers to work with children at home, visiting villages and teaching outside in small groups.
We have provided emergency relief to our project WCDT in India to cover foodstuffs and PPE equipment to enable our partner charity to continue to work with the beneficiaries.
The Ethical Boutique shop continues to be a success, with Hannah C managing and bringing her positivity and creativity to the space. This provides an income stream to SAFE increasing our sustainability and diversifying the ways in which we bring in income to run our programmes.
We currently have a full board of 8 trustees with a wide range of skills and energy to steer the SAFE ship over the course of the next year and beyond.
As always we want to take this opportunity to thank all of our supporters, members and partners as well as the incredible volunteers we work with - all of which we wouldn’t be able to deliver the support that we can to the brilliant communities that we do.
Financial review
Income decreased by £50,837 and expenditure decreased by £21,399 compared with last year. Income exceeded expenditure by £22,823. This means that the reserves at the year-end have increased from £81,160 at 31 March 2021 to £103,983 at 31 March 2022.
Reserves Policy
The Reserves Policy is to maintain a sufficient level of reserves, excluding any restricted reserves, to enable normal operating activities to continue over a period of 3 months should a shortfall in income occur and to take into account potential risks and contingencies. The trustees have calculated that for 2022/23, this should be around £23,000. The balance on the unrestricted reserves minus funds allocated for project delivery at the year-end currently stands at £78,385.
We have been very fortunate to have received support from many different sources, from our funders, individual givers, supporter members to people supporting the ethical boutique with clothing donations and shopping face to face or online. We have managed to end the 2022 financial year with a healthy amount of reserves to see us into the forthcoming financial year with energy, passion and the means to support people around the world and in the UK.
Our funders this year have been BIG Lottery, WCVA (Wales 4 Africa), WCVA (VSRF), Awards 4 All and the Moondance Foundation.
We want to say a big thank you to all our funders and supporters for their continued endorsement of the work we do at SAFE.
Mark Dickenson Chair of Trustees
Rachel Luxton Trustee
THE S.A.F.E. FOUNDATION RECEIPTSAND PAYMENTS ACCOUNT Year Ended 31 March 2022 2022 Total 2021 Total Unrestrirted Re5trlrted RECEIPTS Grants and donation5 Short term loans Investment income 51,128 95,151 146,279 192,314 4,800 51,129 95,151 146,280 197,117 PAYMENTS Fundraising costs Prolect costs Staff costs Bank charges Insurance Accountancv Professional fees Office costs Sundry expenses Project expenses returned Loan repayments TOTAL PAYMENTS 716 2,366 4,036 265 716 37,155 69,038 265 466 67,774 58,505 327 577 750 1,096 355 206 34,789 65,002 500 500 49 49 15.73S 15,735 14,800 144,856 23,666 99,791 123,457 NET RECEIPTS 27,463 4,640 22,823 52,261 Transfers between funds CASH FUNDS LAST YEAR 50,922 30,238 81,160 28,899 CASH FUNDS THIS YEAR 78,385 25,598 103,983 81,160
THE S.A.F.E. FOUNDATION STATEMENT OF ASSETS As at 31 March 2021 2022 2021 A55ets: Bank current account Bank reserve account 80,983 23,000 103,983 76,748 4,412 81,160 Representlng balances on the followlng: Unrestricted Funds Restricted Funds Note I Note 2 78,385 25,598 103,983 50,922 30,238 81,160 We conflrm that the receipts and payments account and statement of assets are a true reflection of the charlty's activities and financial position for the year ended 31 March 2022 These accounts were approved by the tru5tee5 on . on their behalf by; 3010112023 and signed Sign Prlnt Trustee
THE S.A.F.E. FOUNDATION NOTES TO THE ACCOUNTS Year Ended 31 March 2022 Note l. Unrestrirted Funds Balance at Incoming l April 2021 Resources Outgolng Resources Fund Transfers Balance at 31 Mar 2022 General Funds 50,922 51,129 123,6661 78,385 Note 2. Restrlcted Funds Balance at Incoming l Aprll 2021 Resources Outgolng Resources Fund Transfers Balance at 31 Mar 2022 Big Lottery Grants: Awards for All (Wales) Big Lottery COVID Relief People and Places Moondance Track 2000 VSRF IWCVAI (Note 31 WCVA Wales4Africa 9,770 8,477 1,774 5,000 983 3,348 886 30,238 19,7701 18,4771 162,6361 15,0001 84,591 23,729 983 10,560 113,9081 886 25,598 95,151 199,7911 The Awards for All Wales grant was received for delivering peer to peer global citizenship training with elements built in to deal with the rise in poor mental health in young people as a result of covid-19. The People and Places grant was for £290,644 in instalment5 Over 4 years towards a project entitled 'Global Education with a digital twist" This is a global titizenshlp programme that will build the skills and increase engagement of youn8 people In their communities. The project Is benefitting around 600 young people aged 16 to 25 and uses new technologies to develop and provide opportunities for progression into further training and work experience. The National Lottery Covid Relief grant was received to support our core work and to sustain engagement wlth volunteers during the tovid-19 pandemic. The Moondance Foundation provided a grant to support our international work in India, Uganda and Sierra Leone during the covid-19 pandemic. The WCVA Wales 4 Africa grant was received to support our beneficiaries in Sierra Leone with emergency rations of food and water, as well as PPE equipment, and counsellor5 to the most vulnerable families in our beneficiary group during the covid-19 pandemic. The WCVA VSRF (Voluntary Services Recovery Fund) Erant was received for delivering peer to peer global citizenship training with elements built in to dea5 with the rise in poor mental health in young people as a result of covid-19. Note 3. Expendlture Against VRSF Grant
In March 2021 an amount of £11,520 was paid to a training provider which was funded by the VRSF Grant from the WCVA. Unfortunately the provider in question was unable to deliver the course within the stipulated timescale, and in August 2021 £10,560 was returned to the charity, representing the full amount less certain agreed costs. The grant provider has confirmed that this amount can be re-used against eligible expenditure.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE S.A.F.E. FOUNDATION I report to the trustees on my examination of the financial statements of The S.A.F.E. Foundation I'the charity'l for the year ended 31 March 2022. Re5pon5ibilities and basi5 of report As the trustees of the charity vou are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's financial statements as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I conflrm that no material matters have come to mv attention in connection with the examination giving me cause to believe: accountin8 records were not kept In respect of the company as required by Section 130 of the Act,, or the financial statements do not accord with those records,. or the financial 5tatement5 do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charities (Accounts and Reportsl 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. Katherine Bresner MAAT of RKC Accountancy Ltd Unit B2 Rainbow Business Centre Enterprise Park Swansea SA7 9FP Ih Date.. 27 January 2023