REGISTERED COMPANY NUMBER: 05964854 (England and Wales) REGISTERED CHARITY NUMBER: 1119314
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
FOR
AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 10
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
(a) To advance the Christian faith for the benefit of the public in accordance with the Gospel of Jesus Christ;
(b) The relief of financial hardship, either generally or individually of people living throughout the world through the provision of grants, goods or services;
(c) The relief of sickness and the preservation of health either generally or individually of people living throughout the world;
(d) To advance the education of members of the public living throughout the world;
(e) The provision of accommodation, or assistance in such provision, for the homeless, orphans and widows in such places as may seem appropriate from time to time; and
(f) The fulfilling of such other purposes as may from time to time be recognised by English law as being charitable and which the charity shall from time to time determine.
Activities
The charity has leased a piece of land in Kampala, Uganda and built an orphanage which is occupied by Blessed Hill Children’s Centre.
Public benefit
The charity trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission on public benefit. Our main activities and who we try to help are described above. All our charitable activities focus on our objectives and are undertaken to further our charitable purposes for public benefit.
ACHIEVEMENT AND PERFORMANCE
Issues of integrity were raised with the operator of Blessed Hill during the year. The Charity has ceased further funding whilst these are resolved and has instructed lawyers in Uganda to advise and to take appropriate action.
FINANCIAL REVIEW
Financial position
The Charity has historically been funded by donations from Aughton Ainsworth Limited. The Charity had made steps to reduce its reliance on Aughton Ainsworth Limited and now has a wider base of financial support. Further funding from Aughton Ainsworth ceased following its administration in 2023.
Reserves policy
The charity's activities to date have predominantly comprised the (on-going) construction of an orphanage in Uganda and the provision of funds to a NGO in Uganda to support the day to day operation of the orphanage. The charity has ceased further funding whilst the legal issues are resolved.
As a consequence, at this stage in the charity's development and activities the trustees do not consider that reserves are required to be held. The unrestricted reserves of £383,782 (2022 - £312,654) on the balance sheet include £258,112 (2022 - £263,302) net book value of building costs incurred in constructing the orphanage and, as the orphanage building is required to deliver the NGO's activities supported by the charity, the trustees do not consider them to be available funds.
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023
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
New trustees are recruited and appointed in line with the governing documents of the charity.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05964854 (England and Wales)
Registered Charity number
1119314
Registered office
2 Merchants Quay Salford Quays Manchester M50 3XR
Trustees
A Williamson Mrs L M Williamson E A Docker P D Harrison
Company Secretary
A Williamson
Independent Examiner
Andrew Copping ICAEW Harold Sharp Limited, Chartered Accountants 5 Brooklands Place Brooklands Road Sale Cheshire M33 3SD
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25 July 2024 and signed on its behalf by:
........................................................................ A Williamson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
Independent examiner's report to the trustees of Aughton Ainsworth International Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts 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
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the accounts 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 draw your attention to the Tangible Fixed Asset accounting policy on page 7 which explains the issue with the long leasehold property. The trustees are of the opinion that no impairment of the property is required.
Andrew Copping ICAEW Harold Sharp Limited Chartered Accountants 5 Brooklands Place Brooklands Road Sale Cheshire M33 3SD
Date: ..25th July 2024.........
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2023
| 2023 2023 Restricted Unrestricted funds funds Notes £ £ INCOME FROM Donations and legacies 155 87,620 Interest - 612 Total 155 88,232 _ _ EXPENDITURE ON CHARITABLE ACTIVITIES Donations paid - 4,879 Other charitable expenses - 12,225 Total - 17,104 _ _ NET INCOME 155 71,128 RECONCILIATION OF FUNDS Total funds brought forward - 312,654 _ _ TOTAL FUNDS CARRIED FORWARD 155 383,782 |
2023 2022 Total Total (unrestricted) funds funds £ £ 87,775 116,112 612 9 88,387 116,121 _ _ 4,879 39,041 12,225 25,671 17,104 64,712 _ _ 71,283 51,409 312,654 261,245 _ _ 383,937 312,654 |
|---|---|
The notes form part of these financial statements
continued...
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
BALANCE SHEET 31 OCTOBER 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds Restricted fund TOTAL FUNDS |
2023 Total funds £ 258,112 - 128,025 128,025 (2,200) 125,825 383,937 383,937 383,782 155 383,937 |
2022 Total funds £ 263,302 - 51,352 51,352 (2,000) 49,352 312,654 312,654 312,654 - 312,654 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
BALANCE SHEET - continued 31 OCTOBER 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 July 2024 and were signed on its behalf by:
A Williamson - Trustee .............................................
The notes form part of these financial statements
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Long leasehold buildings - 2% on cost
The long leasehold buildings balance sheet figure of £258,112 (2022 - £263,302) relates to the net book value of costs incurred in constructing the orphanage in Uganda. The charity leased a piece of land in Kampala, Uganda and built an orphanage which is occupied by Blessed Hill Children’s Centre. The lease in relation to this property is current subject to ongoing legal action in Uganda. The Charity considers that the issue will be resolved in favour of the Charity and as such it is not considered that this impacts the value of the asset. No impairment to the carrying value has therefore been recognised in these financial statements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
Based on their consideration of the funding model and activities of the charity, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence and pay its liabilities as they fall due for the foreseeable future. The period which they have considered in their assessment is at least 12 months from the date of approval of these financial statements. They thus continue to adopt the going concern basis of accounting in preparing the annual financial statements.
continued...
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
2. NET INCOME
Net income is stated after charging:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 5,190 | 5,189 |
3. TRUSTEES' REMUNERATION AND BENEFITS
The trustees are considered to be key management personnel. There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
| Trustees' expenses | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Trustees' expenses | - 5,130 |
The expenses incurred in 2022 by 2 trustees were in relation to travelling expenses to Uganda.
4. INDEPENDENT EXAMINERS FEES
During the year, the charity incurred independent examiners fees of £2,200 (2022 : £2,000).
5. TANGIBLE FIXED ASSETS
| COST At 1 November 2022 Additions At 31 October 2023 DEPRECIATION At 1 November 2022 Charge for year At 31 October 2022 NET BOOK VALUE At 31 October 2023 At 31 October 2022 |
Long leasehold £ 284,731 - 284,731 21,429 5,190 26,619 258,112 263,302 |
|---|---|
continued...
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Other debtors | - | - | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Accrued expenses | 2,200 | 2,000 | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/11/22 | in funds | 31/10/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 312,654 | 71,128 | 383,782 | |
| Restricted fund– Bricks for Blessed Hill | - | 155 | 155 | |
| TOTAL FUNDS | 312,654 | 71,283 | 383,937 | |
| Net movement in funds, included in the above are as follows: | ||||
| Movement | ||||
| Income | Expenditure | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 88,232 | (17,104) | 71,128 | |
| Restricted fund– Bricks for Blessed Hill | 155 | - | 155 | |
| TOTAL FUNDS | 88,387 | (17,104) | 71,283 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1/11/21 | in funds | 31/10/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 261,245 | 51,409 | 312,654 | |
| TOTAL FUNDS | 261,245 | 51,409 | 312,654 |
continued...
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AUGHTON AINSWORTH INTERNATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Movement Income Expenditure in funds £ £ £ 116,121 (64,712) 51,409 116,121 (64,712) 51,409 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted fund– Bricks for Blessed Hill TOTAL FUNDS |
At 1/11/21 £ 261,245 - 261,245 |
Net movement in funds £ 122,537 155 122,692 |
At 31/10/23 £ 383,782 155 |
|---|---|---|---|
| 383,937 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted fund– Bricks for Blessed Hill TOTAL FUNDS |
Movement Income Expenditure in funds £ £ £ 204,353 (81,816) 122,537 155 - 155 204,508 (81,816) 122,692 |
|---|---|
9. RELATED PARTY DISCLOSURES
During the year the charity received donations totalling £66 (2022 - £12,500) from a company controlled by one of the trustees. In addition, an aggregate of £1,645 (2022 - £4,610) was donated without conditions by related parties being trustees and relatives of those trustees.
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AAIF Accounts - 2023 - For signing Final Audit Report 2024-07-25 Created.. 2024-07-25 By.. Harold Sharp15ign@haroldsh8rp.co.ukl Sl8lus'. Signed Tr8nsaclion ID.. CBJCHBCA4BAAHem8WrMzo9yERh9VkuGfOaFAX_4s4SDg "AAIF Accounts - 2023 - For signing" History Document created by Harold Sharp lsign@haroldsharp.co.ukl 2024-07-25- 1..26..57 PM GMT- IP address.. 13.87.89.234 . Document emailed to andywlliamson@aughtonainsworth.com for signature 2024-07-25- 1..28..32 PM GMT Email viewed by andywilliamson@aughlonainsworth.com 2024-07-25- 2".57".33 PM GMT- IP addr8ss". 185.61.88.234 Signer andywilliamson@aughlonainsworth.com entered name al signing as A Williamson 2024.07.25. 2..5e..33 PM GMT. IP addEss.' 185.61.88.234 Document e-signed by A Williamson landywilliamson@aughlonainsworth.coml Signature Date.. 2024-07-25- 2..58..35 PM GMT- Time Source.. setver- IP address.. 185.61.88.234 . Document emailed to ac@haroldsharp.co.uk for signature 2024-07-25- 2.'58.'36 PM GMT Email viewed by ac@haroldsharp.co.uk 2024-07-25- 3..28..49 PM GMT- IP address.. 104.47.51.254 Signer ac@haroldsharp.co.uk entered name 81 signing as Andrew Copping 2024-07-25- 3."32".24 PM GMT- IP addr&ss.' 13.87.89.234 Document e-signed by Andrew Copping lac@haroldsharp.co.ukl Signature Dale.. 2024-07-25- 3..32..26 PM GMT- Time Sourtr.. server- IP address.. 13.87.89.234 Agreement completed. 2024-07-25- 3..32..26 PM GMT IJ Adobe Acrobat Slgn