RFGISTERED COMPANY L¥UMBER: 05354736 (England ttnd WAle5) REGISTERED CHARrfY I¥iJMBER: 1118298 Repor¢ of the Trn8tee8 and Uttaudited ￿nanciAl StatemeDts for the Year Ended 31 Deeember 21123 for African Oyster Iru8É Brockhursi Davies LAmited I l The OtTite Village North Road Lou8hborough Lzi¢esteTshire LEII IQJ Afri￿￿ Oy8ter Trust Content8 of the Fin&ncial Statements for the Year Ended 31 Deeember 2023 Page Report of th¢ Trustees I to 2 tndepeDdent Examiner's Report Statement of Fln8ncl*l ActlvltleB Baiallee Sheet Notss to tbe Flll#ntlai Statements Detailed St#ten*nt of FSnJntfi*l Aetlvfitle8 10 Afrlean Oyjter Trust R¢port of the Trustees for the Year Ended 31 December 2023 The trustees who are a]so direcknrs of the charity for the purposes of the Cornp8nies Act 2006. present their report ￿th the financial statements of the cbariry for the year ended 31 December 2023. The tnL8tCC5 havc adopted the provisions of A¢¢ountxng and Reporting by Chariti&8.' Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with th¢ Financial R¢portiDg Standard appIl￿ble In the UK and Republic of trclalld {FRS 102} (effectiv¢ l January 2019). OWECTIVES AND ACTTVITIES Objectives and alms The objectives of the charity is".- (A) The relief of poverty and sickness tn kn countries deserit*d as "the third world" and as "developing countries" particularbut not exclusively fomw Britith Coloni¢s of Africa. (B) The advancement oceducation of the public. in particular but not ex¢lusively by the di5seminatson of knowled8e in the problen]s of eeonomic and ¥ocial d¢v¢loptEWit in the third world and the developing world arising from natiimAI kttd ititenJatioDal trading pra¢ti¢¢s. The ¢Tr￿lty provxdes resourees for the ruwiin8 of three clinics in The Ciambia and continues to support five nursery schools workng plowid¢ our sist¢r oljarity GSS and has the ￿￿ereW1thal to develop these projects arml po¢enlially add new OnES. FThA￿c￿ REVIEW Reserves policy The In￿tee$ are mitidfjjl of the Deed to hold a reserve fund to ensure the satisfactory conlinuance of the charity. The bu]k of the costs required to support the healtb centrcs is fijnded by an aJJnual ￿1 that we reccive froln a farnily foundation in the USA. Aside from this, the aim is to n￿l￿tain a resetve fund that dots not fall below £5k We continue to work clo&ely with Gambian School Support charity. Each year we assess our reserves al￿ GOmTDitTuents and pass anysLuplus fi￿d5 to that ch￿lty to aid the con¢inued support of llursery schools. ID 2023 thÉ5 att￿ll￿ted to £6k. STRUCTUR4 GOVERNANCE AND MANAGEMENT Goverllin¥ document The charity is ¢ontrolled by its governing document, a deed of Trnsl and ¢onstituLes a ]imi¢ed company, limited by guardntee as der￿ed by the Companies Act 2006. There also Memorandum and Articles of Awciation incorporated 7 Fcbruary 2005 as am¢llded by Special Resolution daied l November 2006. Don4tioD& made by related partAes Lhm"table donations totalling £1.600 We￿ made ¢0 the Trust by trustees and rel&t&J panies during the year (2022 £2,650) REFERKNCE AND ADMINISTRATIVE DETAIts Reglstered Compthny tsU]￿ber 05354736 (Englalld arKI Wales) Registered Ch*rAty Dumber 1118298 Reglstered offlce Quany Cottage Coston Aston-oll-clu Crnven Arms Shropshire SY78 Page I AfricAll Oyster Trnst Report of the Truitees for Ihe Year Ended 31 l>ecember 21123 Trustees Mrs K Dalton SCEmery J Dale-Harris M Maybury Illdependent Exarniner Bmckhurst Davies Limited I I I'he O￿lCe Village North Road Loughb)rough t£icestershire LEII IQJ Approved by order of th¢ boaTd of trustees i)n ........ . and s1￿cd L)n its. behalf by: S C Emery- Tn￿te¢ Page 2 lodwndeDt Examlner's Report to tbe Trustees of African Oyster Trust Independent eumlner'8 report ¢• th¢ tru$t¢es of Afrlcju Oy8teT TTh5t {'the Comp&ny') I rewrt to the ch￿lty twste£s on my exatnination of tbe accounts of the Cowy for the ye&r endcd 31 December 2023. Responslbilities and b*slB of report As the ¢harAtys trustees of the Company (8Thd also its directors foT the pu￿Ose5 of company law) you are reS￿nSIble for the preparntion of the a￿0￿11$ in accordance with the requiremenLs of the Companies Ac(2006 {'the 2006 Act?. Having satisfied myself that the aceounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligiblc for independent examination, I rew)rt in respect of my examination of your charity5 accounts as canied out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In c8rryill8 Out ttry examination I h4ve follow￿ the Directions given by the Charity Collllnission undeT Section 145(5) (b) of the 2011 ACL Independent examiner s statenknt I have completed ￿Y examinatio￿ I confiEm that no matters have corn¢ lo my attention in Connection with the exaTDiDaLton giViDS rnc ca￿se to believe.. accountillg records were not kept ill respe¢t of the Comp#Dy as T¢quired by S￿tiOn 386 of the 2006 Acc or the a¢¢oullts do not accord with those TeCOTd5' or the a¢¢ount5 do not comply with th¢ a¢counting requirements of S￿tion 396 of the 21K)6 A￿ other than any requirement thal the acCO￿ts give a ttue and fair view which is not a mat￿r considered &s part of an independent xami￿tiO￿ or the accounts have not been prepared in accordance with the merhods prillciples of the Stateniettt of Reconunended Practice for accoulliing and reponing by charities {applicuble to chaTitiea preparing their accounts in accordance WAth the FillancI￿ Reporting Standard applicable in the UK and Republie of Irelattd {FRS 102)). I have no concerns and have come a¢tD&s other rnatters in cornection with the examinffttion (o wbich attetttion should be drawn in this report in order to enable a proper ullderstalldjng of tbe ac£ounts to be reaehed. 116 Bentley B￿￿kburSt Davies Lirnited I l The Office Village North lioad Loughborougb Lei¢estershiTe LEII IQJ Page 3 ' Africall Oy8ter Trngt Statement of Financial Activities for the Year Ended 31 December 2023 2023 Total funds 2022 Total Unrestricted fimd Restrictcd nds Notes INCOME AND ENDOWMENTS FRONI Donations and legacies 47,591 1,(128 48,619 32,788 Other income 200 2110 Totsl 47,791 1,1128 48￿19 32,788 EXPENDITURE ON 38A91 800 39J91 68.007 IYET DiCOLIIEI(EXPENDITURE) 9,200 228 9,428 (35,219) RECONCILIATION OF FUNDS Totsl tunds brought forward 7,541 423 7,904 43,183 TOTAL FUNDS CARRIED FORWARD 16,741 651 17J92 7.964 Th¢ notes forn part of these financial statemcnts Page 4 Afric#ll Oystsr Trust Balance Sheet 31 De¢ember 2023 2023 Total funds 2022 Total Unrestrieted Restricted Notes CURRENT ASSEIS DcbtsTrrs Cash at bank 2,752 14,649 186 465 2,938 15,114 2.685 5,909 17801 651 1&052 8,594 CREDITORS Amounts fallin8 due within otK y¢ar (660) (660) (630) ET CURRENT ASSETS 16,741 651 17J92 7,964 TOTAL ASSETS LLSS CiiRRENr LIABILITIES 16,741 651 17J92 7,964 IYET ASSETS 16,741 651 17J92 7,904 FUNDS Unrestri¢tcd fill￿5 Restiicted fim&s 16,741 6SI 7.541 423 TOTAL FUNDS 17?92 7,964 The charitsble cojnpany ig entitled i(Tr ¢xew4)lion from audit under Section 47? of the Cojnpanies Aci 2006 for the year ellded 31 Derxjjthr 2023. rnembus have not required tbe eompally to obtain an audit of its fJtwi¢ial ytatern¢nts for the year ended 31 D￿tt[￿ 2023 in accordallce with Section 476 of the Companies A¢(2(X)6. The trust¢¢s athiowledge their responsibilities for (al ensuring that the clwitable company k¢q>￿ accounting rewrds that comply with Sections 386 and 387 of the Companies Act 2006 alld p￿parIng fiDallcial ststem¢nts whi¢h give a true and fair view of th¢ state of atTairs of the clmritable company a8 at the ¢nd of each financial year and of its sury)lus or d¢firi¢ lor ¢￿h f￿ancIal year in accoidallce with tbe requirernents of SectioJL8 394 and 395 and whi¢h oth¢rwis¢ comply with the requirements of the Companies Act 2006 relating to finan¢Aal statements. $0 far as applicable to the cbaritable company. (b) Thtse fill#n¢ial $ta*ments have been prepared in accordance with the pmvisiolls apph'cable lo charitsble compatiies subjrfl to the small companies reginK. Th¢ fma ' I stdtements. were approved by the Board of TThstees and thuthorised for issue on . and wer¢ $igoed on it5 behalf by.. go,, S C Ew- Trnstee Th¢ not¢s forni part of these fJn8mcial stst¢m¢nts Page S Afrie4rt Oyster I'rust Not¢s to the Financlal Statements for ttte Year Ended 31 DeCe￿ber 2023 ACCOUNTING POLICIES Basls Of preparlng the finan¢iAI statements The r]nancial sthtemcnts of the charitsble eonwatty, ￿]Ch is a public benefit entxty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accouniing and ReEK)rting by Cbarities.. Statement of Ree0mMth￿d Practice applicable to charities preparing their accounts in ￿COrdanCe witb the FillaDcial Reporting Stat￿ard applicable in the UK and Republic of Ir¢land (FRS 102) {effeGiive l Jalluary 2019),, Fllw]cial Reporting Standard 102 The Financial R¢porting Standard applicable in the UK and Republic of Ireland, and the Cornpanies A¢t 2006. The fjnancial statelnents have becn prepaTed UDd¢r the bistorical ¢o$t convention. Ineome A]1 income is recognised in the Stst¢m¢ni of Finan¢ial Activiti￿ once the charity has entitlement to the fur& it is probable thtt the iti¢ome will b¢ received and the anK)unt can be me0sf￿ed reliably. Expendlture Ltabiliues are reeoglliged as expenditure a5 soon a5 there is a legal or constrty¢tive obligation conllnitting thc cbatity to that expenditur¢, it is probable tbat 8 transfer of e¢onoti)ic benefits will be required in settlernent snd the amount of the obligaiion can be measured reliably. Expenditure is accounted for on an aecruals basi5 and has been ¢lassified under headingy that aggregate all cost related to the ca*gory. Where costs cannot b¢ directly attributed to particular hegdijkgs they have been allocated to activities on a basis consistent with the use of Taxatlon The charity 18 exempt from corporation tax on its cl]aritsble activiti&%. FuDd aeeountitig Ullrestricted fiLnd8 can be in accordance with the charitable objectives at ¢he discretion of the tswtees. Rostricied filnds Can only be used for particular restrict¢d purposes witbill the objects of tbe elwity. Restrictions arise when specified by the donor or when fiuMLs are raisrd forpthicular rG5tri¢t¢d Purposes. TRUSTEKS, REMUNERATION AND BENEFITS There were no trust¢¢s' remuneration or other benefiis for the year ended 31 December 2023 nor for the yegr ended 31 Drf¢mbeT 2022. Trustees, expen8ex There urr¢ no tn￿￿