**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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Page
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.
Page
**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
Page 2
**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:
1. 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
3. 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
4. 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.........
Page 3
**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...
Page 4
**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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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...
Page 5
**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
Page 6
**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...
Page 7
**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...
Page 8
**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...
Page 9
**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.
Page 10
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
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. Document emailed to andywlliamson@aughtonainsworth.com for signature
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Email viewed by andywilliamson@aughlonainsworth.com
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Signer andywilliamson@aughlonainsworth.com entered name al signing as A Williamson
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Document e-signed by A Williamson landywilliamson@aughlonainsworth.coml
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Document e-signed by Andrew Copping lac@haroldsharp.co.ukl
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