Company regIStraOn number. 06122350 Charity reglstration number. 1119450 Amigos Worldwide (A company limited by guarantee) Annual Report and Financial Stateménts forthe Year Ended 31 December 2023 WESTCOTTS ACCOLINTMT8 BU%IIIES• AO¥I•IIS
Amlgos Worldwide Contenls Reference and Admini9trattve Detalls Trustees. Rethyt 2to14 Independent Examlnels ReFQrt 15 Statement of Flnancral Ac0vIS 16 Balance Sheet 17 statement of Cash Fbwg 18 Notes to the Flnancial Ststements 19to35
Amigos Worldwide Reference and Administrative Details Company Reglstratlon Number 06122350 Charity Reglstration Number 1119450 Trustees: Mr B Campbell-colquhoun (reslgned 12 December 20231 Mr5 S C?mpbell-Colquhoun MrMFox Mrs R D Lewis {resigned 12 December 2023) Mr A Thomson Ms L Apio (appointed 12 November 20231 The charity is incorporated in England and Wales. 3 Bj1pOrt Street Memiaid Walk Bamslaple Devon EX31 1RH Registered Offl¢e Independent Examln&r Catherine Williams FCA DChA Westcotts (SW) LLP 47 Boulport Street Barnstaple Devc EX31 1SQ Page 1
Amigos Worldwide Trustees. Report The trustees. who are directors for the purFM)ses of company18w. present the annual report together with the financlal statements of the charitable company for the year ended 31 December 2023. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Document The organisation is a charitsble company, limited by guaranteg, incorporated on 21st Febru8ry 2007, and registered as a charity in the UK on 1st June 2007. The Company was established under a memorandum of association las amended by special resolution on 15th Deeember 20081 which established the objectives and Fowers of the charitable company and is governed under It9 article9 of association. Recrultsnent and appolntment of trustees The dlrectors of the company are also charity trustees for the purposes of eharity law. The trustees are keen to invite new trustees, who share in the vision of the charity, to bring diversity and expertise to the current board. Inductlon and tralnlng of trustees New trustees have a slx-month inductkn peric#J durfng which they 8re asSned a tnjstee mentor who can prowde advice and guidance. Trustees receive an Inéuction pack containing key information and will initially spend time with the management team in order to gain a further underslanding of Amigos, work and strategic priorities. Management tsam TIM Monger acts as Chlef Executlv8 for AmSgos Worfdwlde and oversees the dat0-daY management of the charity. Employee involvement Amigos is committed lo keeping UK overheads low lo ensure that maximum fijnds can bg ploughed into projects in Uganda through our partner, Amigos Worfdwde Uganda. As a resulL we have an intentionally lean employee base in the UK. In addition lo our CEO, we currenuy employ four part-time staff members (2.5 FTEI who took after accounts. our family sponsorship programmes, communications and fundraising in the UK office. OBJECTIVES AND ACTIVITIES Public benefit The trustees have complied with section 17{5} of the Charities Act 2011 in regard to the publlc benefrt requirement. Objectives and activities Our vlslon.. For people 8nd MmUnitIeS across Uganda 8nd beyond to be whole and thriving. Our mission: Tog8ther with our local partner, we create lasting solutions to povety and hunger in Uganda. Pag¢ 2
Amigos Worldwid• Trustees. Report Whal we do: Amigos works lo relieve poverty and improve lfves in rural communities in Uganda. We believe that long-temi, sustainable development can only be achieved when the issues that cause poverty are addressed with an integrated approach. Aongside our local partner, Amigos Woddwde Uganda, we seek lo increase access to food. water, health. Income and education. Why we do It: As a charity our overarching aim is lo bring svstainablllty. dignty. justice and hope to disadvantaged people; many of whom have been affected by war, povety, famine and HIV. Amigos firmly believes in helping people lo help themselves and we are led by the communities we seek to partner with. How we maximise Impact: As soon 8s partiupants are able. they p8ss on Ihe resOU9S and skllls they have received to others. Thls principle of sharing knowledge and resources help5 bullds flourishing communities and enables us to work cost effectively. Purposes and aims Amigos, objectives, 8s set out in the companls memorandum of association, are to,. al Advance education and vocational training in such parts of Uganda, sub-saharan Africa and the world as the trustees may from lime to time think fit Including but not by way of limltation through the provlsion of child sponsorship. educational facilieS and materlals. the equipment and buildlng of schools and vocaticnal training cenlres. b) Relleve slckness and financlal hardship and lo promote and preserve g¢)od health by the provlsion of funds. goods. and servlces of any kind, including the provision of eounselling and support In su¢h parts of Uganda, sulFSah8ran Africa and th8 world as the trustees may from time lo time think frt. c} Advanca tha Chrlstlan fafth Sn accordance with the ststemenl of beliefs appearlng in the schodule to the artlclas harato In Uganda. sub-saharan Africa and in such othgr parts of the wodd as the trustoes may from time to Im6 see flt. Our impact this year In 2023 Amigos, in partnership with Amigos Worldwide Uganda, impacl&d over 33,649 lives through education, vocational training, Tural conservation, agricultur81 training and dean water projects. We continued to enhance our highly successful sustainable community development programme. W& installed 10 boreholes and conducted hygiene and sanitation training in first year communities benefiung 23.723 people. We trained 1,050 farmers to sSgnificandy increase crop yields and enhance Ilvellhoods, improving the Ilves of 6,30D people in their respective households. Even though excessive heat affected the crops. 88Qk of first year families now have enough to eat compared lo O°A at baseline. and this rises to 100% for thlrd year families. We have focused on glvlng more business for agriculture training lo those in the second and thlrd years. As one participant said. °This training has not only enhanced my business skills but also Ir8nsfom7ed my minds8t. ltre leamad to overcome limiting baliefs and &mbrac& failure as part of the leaming pmcess. With a newfound resili&nc&. l am prepared to take risks and face challenges head-on, knowing that each obstacle is an opportunity for gromrth." 6DYts of third year families saw an increase in crop yleld of 2.5 or 3+ times, which enables them through selllng their surplus harvest to develop other businesses for Improving their livelihoods. On average, second and third year p8rtiapants each trained nearty 3 othar people in conservation faming skllls. Page 3
Amigos Worfdwlde Trustees. Report One community dellghted with the outcome of the conseNation faming training This programrne utlllses a holistic approach. Iuding conlliGt $01tIon training to fostsr a wmmunty spirtt and growth mlndset training so participants are able to make the b8sI use of Surplus harvest S818s for developing businesses for the good of the family. Consequenuy, domestiG violence in the firsl year h88 dropped from 77% to 7% and thè number of wom8n involvgd in decision making in the home hag risen from 21 % to 91%. As one man said. 'Previously. the wllage grappled with frequent conflicts, particularfy due to land disputps However. with Ihe introdu¢tM of mindset training, ¢onfllct resolution sessions, and Ongng mentorship. Ihe communty has undergone a complete tranSfoatA. Now, instead of willict. peace prevails. Peopl• come logether in unty, prnwng alongde each other, and offering support in times of need. showcaslng the deep impact of collective 8fforts in fostsring harnnY and mutual asslslance within the communlty." 50 vulnerable and marginalised young people completed thelr trainlng to acquirè Ie¢hanging skills at our innovative residential hub, Kira Farm Development Centre. They arrlved in January 2023 to learn conservation farming, building, Garpenty. beekeeping. IT skills, èlectrical wiring. hairdrgssing and talloring skills as well as conflict resoluuon and business and life Skills. In additton, both male and female tralnees participated in our Menstrual Hygiene Manag8ment IMHMI project which seeks to ensure young women and girts can live wlth dignty and fvlly access the opportunities availabl8 10 them. Th8se trainees have now retumed to thelr communr(ies to implement their training and become community transformers. Among the 2022 cohort, 54% have set up a business and 25% begun employing others in 2023. The results of the Directorate of Industrial Training's assessment of the 2022 cohort in building, carpentry and tailoring arrived in 2023 and ail students athieved at least a grade B, wlth many achievlng B+ or A. Page 4
Amigos Worldwide Trustees, Report Kira trainee leaming capenty skills Our famlly sponsorship prograrnme 503 children and careglvers achieved gthjd results so that the most vulnerable can move to fully prowding for th8msefves. Children's p8rfomianc& (those among the top 10 students in a dass has risen from 37% to 52%). aided by Iheir recefving school lunches, has inspired parents of chlldren outside the programme to support their children b8tter. The programme also distributed the sanitary pads made by the Kira trainees to the gids sponsored so that they would be able to continue education when their p8riods occur. Since our sponsorship programme focuses on transfomation for the whc4e family. caregivers recewed conservation farming and business skllls training, thus benefiting the household. Many families reported an Increase in hamionious household relationships. Page 5
Amlgos Worldwlda Tru5tees' Report A previously supported family now looking to the future Finally, in 2023 we commissioned an extemal and independent evaluation of our work and we are delighted that the evaluator from Makerewe University concluded, 'Amigos demonstrates excell&nt integdty and value for money in delivedng its relevant. up4(hdate and Iransformalive programmes.. Chlef Encutivo's Revlow Commltted to Ongolng Communlty Transformatlon We are delighted that 2023 has been a successful r for Amigos and we are gratefvl that donors and supporters have ojntlnued to be generous and supporve despite the cost-of-living crisi$. The first half of the year was affected by the tragic death of the new Amigog Uganda Country Director. Herbert Galusha. Herbert had only been In post for 5 weeks when he died unexpectedly on Good Friday. We were heartened by the resilience of our Ugandan partner, who as well as supporting Herbert's family were insistent on caryying on the work and implementing the changes Herbert had idgntified. Wé ware thrilled that Robina Kyoshabire stepped into the role of County Director. Through her wise leadership, 2023 became a year of growth for Amigos. and ensured that 33,649 people were reached. We secL¢red significant grants from trusts and foundations to support our sustsinable community development work in northem and easlem Uganda. School and other trips from Europe to Uganda took place, which contributed to our income. All these income stfeams. together with individual arid corporate giving. eriabled us to meet our largel of Income. We also enjoyed an èxcellent Christmas Appeal, raising £40,000 to support the work. Page 6
Amigos Worldwide Trustees. Report This year we worked diredy with 30 communities, Ihiough local pastors and communty leaders, d8epening the synergy in all our project areas. In these cornmunilies we delivered training in conservation farming and provided short-term family sponsorship for the most vulnerable, as well as installing 10 boreholes and delivering hygiene and sanitation training. This has reduced the time school children spend collecting water, with parents generally noting an improvement in the children's education 189% said thelr children's performance at school is now good). And with the health and Sanitabon training. 97% of families have built a pil latrine (baselin8 24%), which contributes to the reduction from 75% 10 17% of the occJJrrence of diarrhoea. The farming training offered has led to parbupants inGrea$ing diversification in their famiing for greater stability and to Ihird year group5 who have performed well beginning to us& group savings to move into mechanised farming. Amigos will support these in 2024 to ensure that such famiing continues lo be practised withln a conservation famiing framework through the Conversion of their machinery. The class of 2023 lQra Fami trainees graduated in November 2023. This yèar Iwo new courses were added, electrical wiring and beekeeping. The former Is in response to the increased elethfication in rural Ugandan communities. The latter. in partnership with Bees Abroad, aims to see a grwng number of successful beekeeping groups developing honey buslnesses supported by Kira graduates. Kira tTrinees praclising their beekeeping skills Amigos Wortdwrde Uganda partnered IpAth Trees for the Future in a reforestatn programme in Kaliro which has flourished. A further 300 farmers have been trained and planted 839,016 Irees. Calliandra, Grevilia, Sesbania. Leucaena, Mvule. Neem. fruf( and other tree species rthv cover 172 acres of previously bare land. Page 7
Amlgos Worldwide Trustees. Report A Forest Garden The tree plantiw programme w8s one of lh8 programm8s recomm&nded by Ihe ext8mal evaluator for roll out to all the distTiCts where we are working. Given that Uganda lost 33% of its forests in the ten years to 2015, this is vital and we will begin the rollryout in 2024 in Gulu and Masindi. Other recommendations for improvement included= to offer financial literacy training. build capacity to link increased productivty lo markets, improve eneryy efficient stove training and increase the focjjs on supporting people with disabilities. AJI these we will b8gin to attend lo in 2024. We would not be able to do any of this vllal work withct our partnershlp wtth Amigos Worfdwidè Uganda, our incredibly generous supporters, and our partnerships wtih hugely valued Irusls, foundatlons and orporations. Thank you. Finalty, we continued exploring the possibilty of beginning a new work in South Sudan. We made one trip in 2023 to this fragile county. to Eastem Equatoris Stste, to meet church and uvic leaders to understand from them the needs and opportunities and assess the wabilty of assisting these communities in rebuilding and improwng their Iwes. This was a follow-up trip to the tsvo visits made in 2022. The trauma of war has devaslatsng effects on hearts and minds, leaving many of the people Ihat our team met anxious and feeling powedess for their ftrtura, despite the land's fertility. In 2024 we will acc8SS the outcome of the trainirNJ and we will I)k to employ a South sJane$e person to cary th8 work forward. Pap8
Amigos Worldwide Trustees. Report xeas of focus ConsoThatlon Familng We provide training in conservation faming in rural communitses in northern Ugandan, and al our main training hub- Kira Farm Development Centre. Voeatlonal Tralnlng - At the residential Kira Fami Development Centre we equip young adults with vocational skllls In carpentry. construction, tailoring. hairdressing, beekeeping. IT skills and electrical wiring. In rural cownmunilles we provide tralning in marketing and micro-enterprise. All trainees also receive trainlng In business skllls. Beekeeping Fanning - We provide training in beekeeping at our maln training hub - Kira Farm Development Centre - and beekeeping students go on to support and start new beekeeping groups in the rural communities. L5fe Skllls - We deliver training in practical technologles. confllct resolution and restorative justice. Clean Water We aim to install boreholes to provide dean water, ere nesSary, in the communities we work in. AJI participants we work alongside receive training in health and hygiene. Gèndèr Empow6rment- We ICj5 on the equal value, honouring and the genuine empowerment of VKJmen across all our programmes. Edu&ition - To ensure chlldren attend school we work with whole families, PrOdIng guardians with the familng and buslness skllls needed to support the children in their care, a5 well as distributlng unlforms and academlc materfals to ensure the poorest children gain an education. FUre Plans A New 4-Year Programme This year 11 s6& tha start of a new approach to community development. Extending the programme to 4 years, thls first year will focus on building relationships wth new communities. joumeying with them to halp them Identlfy key needs and opportunities and than providlng Iralnlng In communlty development. This will enable local communities to lead their own incluslve development whether through conseryalion farming. business start-ups, youth 8mpowerment or other ventures and lead on to greater local aspirations. In this way, we will be better able lo serve the 35,000 disadvantaged and marginalised people with whom we partner annually. Conservation Famiing Groups - 20 second and thlrd year community famiing groups wlll gain enhanced trainlng In conservation famiing and business skills, leading them to consolidate their famiing skills and take advantage of securlng access to markets. Thls will impact the lives of 4,900 people and many more whom they train. Famlly Sponsorship - Last year, we supported 57 new chlldren and their families, bringing the totsl number of sponsored children to 503. In 2024, we would love to add another 100 families lo our family sponsorship programme. Kira Fam) Development Cèntre - Every year, we have more and more precious young people pursuing the opportunlty to come to Kira Farm. This year. we have 50 trainees. We Iwk forward to seeing them blossom over the coming rnonths, ready to traln others back in their communities. eekeeping - We are launthing new community beekeeping groups in Gulu and Masindi through the leadership of Kira graduates. A new cohort of Kira beekeeping trainees will learn beekeeping this year with the aim that through thelr leadership further new beekeeping groups will be started in 2025 and asS to honey markets secured. Page 9
Amigos Worldwide Trustees. Report Reforeststion Programme - We will roll OLrt our sustainable reforeststion programme to Gulu and Maslndi di8Cts, including the planting of Indlgenous trees that are essential for the environment. alongside f8St-growing. sacrtficial specles for bumlng. building or charcoal production. This will help communlties secure their lon*terni vlable future. South Sudan - 8uikYing on the exploratory visits in 2022 and 2023. we will begin estsblishing a basis tor tacilitating IcKally led development through new South Sudanese staff In 2024. Equal opportunltles Amigos Wortdwide is committed to the principle and practi of equal opportunlties and alms to be an equal-opportunities employer. Our employment policy seeks to ensure that no lob applicant or employee receives less favourable treatment on the grounds of sex, marital status, ethnlc origln. disability, dass, colour, HIV 8nd AIDS status, personal circumstances, sexual or6entatlon. or any other grounds that are unjustifiable in terms of equality of opportunities for all. The Environmgnt We are committed to reducing the envlronmental Impacts of our operations and playing our part In reducing dimate change and tts adverse impact ori many of the communities we work wlth. Thank you Nothing would b8 POS9ible wthout the individuals, volunteers, churches, trusts. foundations, corporations and businesses who supported us throughout 2023, including wth our Christmas Appeal. We would Ilk8 lo give our Speal thanks to the followlng Irusts, foundatlons, and organisations for their support this year Trusts and Foundatlons Ashworth Charitable Trust Brlght Future Trust Chades Hayward Found8tion Corton Hlll Tnjst Freedom Apostollc Mlnlstdes Christsdelphian M8al-A-Day Trust Q Charitable Trust Sherbome St John Tnjst St James, Place The Ninety Foundation The Pickwell Foundalknn VV F Southall TNst Corporate Partners Brewer, Harding & Rowe Just Office Kings Carpets Local Rotsry Clubs- Braunton, Bamstaple. Ilfracombe, Tlverton, Clifton {Bristoll Page 10
Amigos Worldwide Trustees. Report Phllip J Mllton & Company PIC Southgate Estates Charity Partners Bees Abroad Trees for the Future {fundlng won by Amlgos Uganda) Tools for Self Reliance Tools with 2 Mlssion Workaid Churches Christ Church. BrÈunton Chrlst Church, Ware Church in the Park {Australi8} Grosvenor Churth, Barnstaple Haywards Heath Baptist Church Holy Trinity Churth, Barnslaple Holy Trinity, Brimscombe Ilfracombe Baptist Church One Life Chur¢h. Bamstaplg Pinho8 Road Baptist Church, Exeter Primley United Refomed Church St Austell Life and Llght Church St Hieritha Parish Church St John the Baptist Blshops Tawion St MaWs Church, Wythall St Mark's Church, Cardiff Schools Blshops Tawton Pdmary Scho Braunton Academy Denmark Road High Schc Hockerill Anglo-European College Kingsacre Primary School Ludgvan School Pilton Bluecoat Academy Pillon Community Collage South Motton United C of E Primary School The Park Community School Page 11
Amigos Worldwide Trustees. Report Financlal Revlew Amigos, work is funded through a range of regular donors, one-off donatKJn5, legacies. trusts and grants. 2023 saw our income reach £582.419. This indudes £135,000 in legaci8s and raising £40,000 through our Christmas appeal. EXPENDITURE We spent £454,239 to help Improve the lives of those in poverty across Uganda. We contlnued to njn Kir8 Fam Development Cenlre, reflectlng our commitment to raising up the next generation of mothers and fathers who can transform their communities. We Invested in rural communlty projects through conservation fam)Ing groups, building on previous success, after recognlsing that thls 8ppro8ch greally Increases our Impact levels at very low cost. W8 continued in our commitment to support children in edUtIOn through our Family Sponsorship Programm8, as well as equipping their families through projects including busin8ss training, health, nutrition, livelihoods, and clean water. We contlnued lo focus not on lust indiwduals. but entire comrnuniUes, equipping them th the skills. knowledge and access to essentials such as food, water and education so that they may become self-sufflclent. Reserves Policy and Going cOnM The trustees hold restrict8d ffjseNes of £113,221 The trustees revlew the level of reseNes on a regular basls to ensure Ihat the appropriate levels aro maintairbed in light of the main risks to the organlsalion and ftjture developments. The folltiwing deslgnated reserves are held at the year end: Fixed assets which cannot be used to fvnd expenditure without being sold of £881 In order to prot&ct th& charity's beneficiaries from unexpected falls in incom&, or unexpected exp8nditure, we hav8 a fvjnd equating lo six months budgeted running costs of £210,000 Project development funds to be used to support new projects being". Redevelopment of Klra F8nn £96.195 South Sudan £148,960 Purchase of vghicles £120,000 The remaining reserves of £376,996 are hald in the General Fund. It IS envisaged that soma of these reserves will be invested into Kira Farm once plans are received from Amigos Uganda. These plans are expected to include enhancing the income4Jeneraling capacity of Kira Fami through developing the guest accommodation which will increase the long-temi sustainabllity of Kira. The trustees have rewewed the circumstances of the Charity and consider that adequate resources continue to be available to fund its activibes for the foreseeable future. The trustees are of the view that the charity is 8 going concern. Impaimient Review Policy Each year, the Tnjslees physically review the assets of the Charlty to consider whether there ore any indicators of permanent impairment. If any impairm8nl is found. the value of the impaiment is tsken to the Stst8m@nt of Financial Activities in the year. Page 12
Amigos Worldwide Trustees, Report Management of Rlsk The Trustses have identified that the main risks to the Charty are: Dlfficumes in eontrolllng expendbture due to geographical separation Periods of recesslon and economic downlum Potential misappropriation of asspts The Trustees monitor the rlsks with contact and communicatlon wlth the managers and responsible indNiduals in Uganda. Thls Includes regular visits to Uganda by the Trustees and one Trustee lives in Uganda. Statement of trustees. responslbllltles The Irustees (who are also the directors of Amlgos WOrfde for the purposes of company lawl are responsible for preparing the trustees, report and the financial stslements In accordance with applicable law and United Kingdom Aecountlng Standards {United Kingdom Generally Accepted Accounting Praclicel, including FRS 102 Yhe Flnanaal Reporting Stsndard applicable in the UK and Republlc of Ireland The report and accounts have been prepared In accordan(x the provisions in the Companles Act 2006 relating to small companies. Company law requires the trustees to prepare finanual statem&nts for each financial year. Under company law the trustees must not approve the financial statements unless they are satIsfd that they glve a true and falr view of the state of affairs of the charitsble company and of the incoming resources and application of resources. including its income and expendilure, of the charitable company for that period. In preparing these financial statements, the trustees are required to= 5glect suitable accounting pollcies and apply them consistently, observe the methods and principles In the Charities SORP.. makg judgements and estimates that are reasonable and prudent- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financi81 statements., and prepare the financial statoments on the golng concem basis Unl it Is inappropriate to presume that the charitable company will continue In buslness. The trustees are responsible for keeplng proper accounting records that can disdose wllh reasonable accuracy at any time the financial wsltion of the charitable company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responslble for safeguarding the assets of the charftable company and hence for taking reasonable step5 for the prevention and detection of fraud and other iegulaties. The trusiees are responsible for the maintenance and integrity of lh8 corporate and financial Information included on the charitablg mPanI5 website. Legislation goveming the preparation and dlssemination of financial statements may differ from legislat)n in otherjurisdiclions. Small companles provlslon statement This report has been prepared in acrdanCe with the small companies regime undgr the Componies Act 2006. Page 13
Amigos Worldwide Trustees. Report The annual report was approved by the trustees of the charfty on behalf by. 2910812024 and signed on its Mrs S Campbel-colquhoun TTUSte8 Pag8 14
Amigos Worldwide Independent Examiner's Report to the trustees of Am5gos Worldwide (%hg Cornpan) I report to the charity tnjstees on my examinatbn of the accounts of the Company for the year ended 31 Dember 2023. Responsibilities and basls of report As the charity's trustees of the Company land also Sts directors for the purposes of company law) you are responsible for the preparation of the accounts In accord3nce with ihe requirernents of the Companies Act 2006 ('Ihe 2006 Act'l. H2vlng satlsfied myself that the aeeounls of the Company are not required to be 8udited under Part 16 of the 2006 Act and are ellgible for Independent examination, I report in respect of my examination of your charity's aecoLtnts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrylng out my examination I have followed the Dlredons glven by the Charity Commission under section 145151{bl of the 2011 Act. Independent examinerfs statement Since the Companls gross Income exceeded £250.000 your 8xaminer must be a member of a body listed in section 145 of the 2011 Acl. I confimi that l am qualified to undertake the examination because l am a member of ICAEW. which is one of the listed bodies. I have completed my examination. I confimi that no matters have com8 to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kepl in resped of Amigos w0de as requlred by section 386 of the 2006 Act., or 2. the accounts do not accord with those re¢xtrrds', or 3. the accounts do not comply wth the accounting requirements of sectlon 396 of the 2006 Act other than any requiremant that the accounts givè a Irue and falr vlew whlth Is not a matter consldered as part of an independent examination.. or 4. the accounts have not been prepared in accordance wlth the m8thods and prinuples of the Stslemenl of Recommanded Practice for accounting and reporting by charities lapplicable to charities preparing their accounts accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concems and have come across no other matters in connectlon the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. erlne Wllli8ms FCA DChA Westcotts (SWI LLP 47 Boutport Street Bamstaple Devon EX31 1SQ Page 15
Amigos Worldwide Statement of Flnanclal Actlvltles for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Totsl 2023 Totsl 2022 Note Income and Endowments from: Donations and legacies Other tradlng aCtiVeS Investment income 361,932 475 17,266 202,746 564.678 475 17,266 905,437 748 1.309 Total income 379,673 202,746 582,419 907,494 Expendlture on: Raising funds Charitable activities (1,823} {102,757 11,8231 1452,4161 1454,2391 (3,6741 352.8791 1349,6591 Totsl expenditure {104,580 349,659 356,5531 Nel incomel{expenditure) Transfers between funds 275.093 100,543) 1146,913) 100,543 128,180 550,941 Net movemènt in funds 174,550 146,370) 128.180 550,941 Reconciliation of funds Total funds brought forward Total fvnds carried forward 20 778,482 159,591 938,073 387.132 953,032 113.221 1.066,253 938.073 All of the charity's actlvllles derlv& from continuing opgrations during the ave periods. The funds breakdown for 2022 is shown in note 20. The notes on pages 19 to 35 fomi an integral part of these financial statements. Page 16
Amigos Worldwide (Reglstratlon number. 06122350) Balance Sheet as at 31 December 2023 2023 2022 Note Fixèd assets Tanglble assets Investments 14 15 881 100 765 1¢XJ 981 865 Current assets Debtors Cash at bank and In hand 16 17 172,588 899,610 34,597 908,197 942,794 1.072.198 CredSlors: Amounts falllng due wlthln one year 18 6,926 5,586 Net current assets 1,065,272 937,208 Net assets 1.066.253 938,073 Funds of the charity: Restrlcted income funds Restricted funds 113.221 159,591 Unrestricted income funds Unrestricted funds 953,032 778,482 Total funds 20 1,066,253 938,073 For the financial year ending 31 Dec8mber 2023 the charity wa5 entitled to exemption from 8udlt under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not r8quired the charity to obtain an audit of Its accounts for the year Sn question in accordance with section 476,. and The directors acknowledge their responsibilities for complylng wth the requirements of the Act respect to accounting iecords and the preparation of ac(x)unts. These financial statements have been prepared in accordance vlth the speual provisions relaling to companies subject to the small companies regime within Port 15 of the Companies Act 2006. The financial statements on pages 16 to 35 were approved by the trustees, and 8Uthorised for Issue on29lQ512024.... and signed on their behalf by: Mrs S Campbèll-colquhoun Trustee The notes on pages 19 10 35 form an integral part of these financial statements. Page 17
Amigos Worldwide Statement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Cash flows from operatlng actlvllles Net cash income 128,180 550,941 Adjustments lo ¢ash flows from nonw¢a$h Items Depreciation Investment income 14 483 {17.2661 111,397 804 11,3091 $50,436 Working capitsl adjustments Decrease in slocks Increase in debtors Increasel{decreasel In credltors Net Cagh flows from operating actlvlttes 2,090 115,073) 1316) 16 18 1137,9911 1.340 125,254) 537,137 Cash flows from Inves15ng actlvltles Interest receivable and similar income Purchase of tsngible fixed assets Net cash flows from Investlng actlvlties Net (decreaseylncrease in cash and cash 8qulvalents Cash and cash equivalents at 1 January 17,266 1599 1,309 14 16,667 1.309 (8,587) 908,197 538.446 369.751 Cash and cash equivalents at 31 December 899,610 908,197 All of the cash flows are derived from continuing operations during the above tsvo pariods. The notes on pages 19 to 35 fomi an integral part of these financial statemgnts. Page 18
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 1 Charfty status The charity is limited by guarantee. incorporated in England and Wales. and consequently does not have share capital. Each of the trustees Is liable to contribute an amount not exceeding £1 lowards the assets of the charty In the event of Ilquidation. The address of its reglstered office Is: 3 Boutport Street Mermaid Walk Bamstsple Devon EX31 1RH 2 Accountlng pollcles Summary of slgnificant accountlng pollcles and key accountlng estlmates The principal accounting policies applied in the preparation of these financial statements 8re set out below. These policie5 have been consistently applled lo all the years presented, unless olherwlse stated. Statsment of compllan¢e The financial ststements have been prepared in accordance with Accounting and Reporting by Chartties= Statement of Recommended Practlce (applicable to charttles preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021) (issued In Octobar 2019) - (Charities SORP {FRS 1021). the Financial Rep(wUng Standard applicable In the UK and Republic of Ireland {FRS 102} and the Companles Act 2006. Basis of preparation Amlgos Worldwide maets the definition of a public benefit entity under FRS 102. Assats and liabilibes are initially recognised at historical cost or transaction Yalue unless otherwise staled In tho relevant accountlng pollcy notes. The fir)ancial $tataments aro prepared In sterling whlch Is the functional cJJrrency of the charfty. Golng concern The trustees consider that there are no materfal uncertaintles about the charitys ability to continue as a going concem nor any slgnlfinI areas of uncertalnty that affact the catyng value of assets held by the charity. Exemption from preparlng group accounts The charity is not requir8d lo prepare consolldaled accounts In accordance wlth the Charities Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companles Act 2006 on the basis that th6 thar(ty and fts subsldlary undertakings comprise a small group. Page 19
Amlgos Worldwida Notes to the Financial Statements for the Year Ended 31 December 2023 Income and endowments All Income is recognised once the Charity has entiuement lo the income, it is probable that the Income will be reeeived and the amount of the ineome receivable can be measured rellably. Donatlons and legacles Donatlons are recognisèd when the charlty has been notified in writing of both the amount and settlement date. In the ever)t that a donallon Is subject lo conditions that require a level of perf0rrnan by the charity before the charfty Is enllded lo the funds, the income is defeed and not recognised until either those COndonS are fully mel. or the fulfilmenl of those conditions is wholly within the conlrol of the charity and it is probable that these cDndilions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the adminislratorlexeculor for the estate has communicated in writing both the amount and setuement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stod( exchange. recognition is subject to the value of the gift b8ing reliably measurable with a degree of reasonable accuracy and the lie to the asset having been transfeed to the charity- Grants r•c•lvabl• Grants are recognlsed when the charty has an entiuement to the fvnds and any conditions linked to the grants have been mel. Where perfOrnian conditions are attached to the grant and are yel to be met. the Income is recognlsed as a liability and induded on tre balan shèat as deferred income to be releas8d. Investment inGome Investment InMe is included when receivable. Expendlture All expenditure is recognised once there Is a legal or constructNe obligation to that expendlturè. It Is probable setuement is required and the amount can be measured reliably. All costs arè allocated to the applicable expendtiure heading that aggregate similar costs lo that c8legory. Where Costs eannot b8 direclty attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation chargÈs allocated on the portSon of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These ar8 costs incued in 8ttr8cting voluntary income. the management of investrnents and those incurred in tradlng activlties that raise fvnds. Charllablo actlvlths Charftable expenditure comprises those costs incurred by the charity in the delivery of ils activitles and services for its beneficiarfes. It Includes both costs that can be allocated directly to such activitles and Ihos8 costs of an indirect nature necessary to support them. Grènt provisions Provisions for grants are made when the intentlon to make a grant has been communicated to the recipient but there is uncertainty about etiher the timing of the grant or the amount of grant payable. Page 20
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 Support costs Support costs include central functions and have been allocated to activty cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas. or per Ggpita. staff costs by the time spent and other costs by their usage. Tanglble flxed assets Tangible assets are iriitially recorded at cost, and subsequenlly stated at cost less any accumulated depreciation and impaimient losses. Depreclatlon and amortlsatSon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Fixtures, Fittings 8nd Equipment Depreclatlon method and rate 4 years straight line Flxed asset Investments Fixed asset investments. other than programme related Investments. are included at markel v81ue at the balance sheet dale. Reallsed galns and losses on Investments are calculated as the drfference baen sales proceeds and their market value al the sl8rt of the year, or their subsequent cost, and are charged or credited lo the Statement of Financial Activits8s in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Ststement of Financial Activf(ies based on the market value at the year gnd. Cash and cash èquivalènts Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highty liquid investmenls that are readily converbble to a known amount of cash and are subjed to an insignificant risk of changg in value. Fund structure Unrestricted funds are genaral funds that are available for use al the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds 8armarked by the trustees for sp8crfic purposes Restricted funds are those donated for use in 8 particular area or for specrfic purposes, the use of which is restrictsd to that area or purpose. Flnanclal Instruments Classlflcatlon Finanal assets and ffinancial liabilits85 are rewnised when the charfty becomes 8 party lo the contractual provisions of the instrument. Financial liabilities and equity instruments are cla8sif16d according to the substance of the ntraCtUal arrangemants entered into. An equfty Instrument is any contract that evidences 8 residual interest In the assets of the charity after deductlng all of Ils118blllties. Page 21
Amigos Worldwide Notes to th8 Financlal Ststements for the Year Ended 31 December 2023 Recognltlon and measurement All finanaal assets and 118bilities are inidally measured at Iransactlon prlce (induding transaction coslsl, except for those ffnancial assets classified as at falr v81ue through profit loss, which are initially measured at fair value {whlch is normally the transaction price excluding transaction costs}. unless the arrangement constltutes a financing transaction. If an arrangement conslitules a financing transaction, the finanaal agsel or finaneial liablllty Is measured at the present value of lh& future payTnents dlscounted at a market rate of interest for a similar debt Instrument. Flnandal assets and liabilities are only offset in the statgment of fin8ncial posllon when, and only when there exists a legally enforable right to set off the recognised amounts and the charlty Intends ets to setde on a nel basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) th8 contractual rights to the cash flows from the financial asset expire or are setued, bl the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained SOrn8. but nol all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilitigs are derecognised (lY when the obligation specified in the conlrad is discharged, ancelled or expires. 3 Income from donatlons and legacles Unr•strfcted funds General Restrlcted funds Total 2023 Donatlons Donations Bees strengtInspIre Glft 8id recoverable Legacles Legacies Grants Grants receivable Sponsorship Child sponsorship Klra Teacherlstudent sponsorship KIRU Child gffts Bor8holeslwater projects Community Sponsorship 110.894 110,894 1.456 920 28,996 1,456 920 19.417 9,579 135,000 135,000 106,459 32,142 138,601 38,242 31.855 1,872 9.842 22.352 44,648 202,746 38,242 31,855 1,872 9.842 22,352 361,932 564.678 Paga 22
Amigos Worldwida Notes to the Financial Statements for the Year Ended 31 December 2023 3 Income from donatlons and legacles Ieontlnul Unrestrlcted funds General Rostricted funds Totsl 2022 Donatlons Appeals and donatkS Bees Strengthllnspire Klrtt farm development Gift aid recoverable Legacies Legacies Grants Grants receivable Sponsorshlp Child sponsorship Kir8 Te8cherlStudent SPKX150rship KIRU Chlld gffts Boreholeslwater projeds CommunEty Sponsorshlp 114,161 114.161 500 1,579 46.500 34,928 500 1,579 46,500 23,759 11,169 453,978 s.000 458,978 2,500 70.840 73,340 46,628 29.396 6.773 8,402 39,785 44,467 46,628 29.396 6.773 8,402 39,785 44.467 581.808 323,629 5.437 4 Income from other Iradlng actlvltles Unrestrlcted funds General Totsl 2023 Shop sales 475 475 Unrestrlcted funds General Total 2022 Shop sales 748 Pag& 23
Amlgos Worldwido Notes to the Financial Statements for the Year Ended 31 December 2023 5 Investment income Unrestrlcted funds General Totsl 2023 Interesl receivable 17,266 17,266 Unrestrfcted funds General Tolal 2022 Interest receivable 1,309 1.309 6 Expendlture on ralslng funds Unrestrlcted funds General Total 2023 Costs of r8ising donations and legacies Fundralsing events 1,823 1.823 Unrastricted funds General Totsl 2022 Costs of ralslng dOnaOn9 and16gade$ Fundraising events Costs of trading activiti8s Shop costs 1.584 2.090 2,090 3,674 3,674 Page 24
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 7 Expenditure on charitable activities Unrestrlcted funds General Restrlcted funds Total 2023 Note Project costs Grant funding of actwities Support costs 65,225 284.434 65,225 328.724 58,467 44,290 58,467 102,757 349,659 452,416 Unrestricted funds General Restricted funds Totsl 2022 Noté Project costs Grant funding of actitte$ Support costs 59,500 217.962 59.500 243.086 50.293 25.124 50.293 75.417 277.462 352.879 8 Analysis of support costs Support costs allocated to charitabla activities Totsl 2023 Totsl 2022 Bank charges Rent Insurance Office expenses Legal and professional fees Independent examinerfs fee Accountsney fees Wages and salaries Depreciation, 2mortisation and olher similar costs Staff training Travglling Computer sothre and IT 1,733 3,750 1,023 3,297 85 1,185 1,185 29,097 804 3,750 1,069 2,813 85 1,387 1,387 36,452 483 ij 567 1,365 7,761 878 194 7.062 58,467 50,293 Page 25
Amigos Worldwide Notes to the Flnanclal Statements for the Year Ended 31 December 2023 9 Analysls of grants 2023 2022 Grants to Institutlons Amigos Uganda 328,724 243.086 10 Net Incomlngloutgo4ng rnsoureès Net incoming resources for the year indude= 2023 2022 Depreciation of fixed assets 483 804 11 Trustètts rèmunerauon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have refved any reimbursed expenses from the charfty durlng the year. Page 26
Amigos Worldwide Notes to the Financlal Statsments for the Year Ended 31 December 2023 12 Stsff costs The aggregate payToII costs were as follows: 2023 2022 Wages and salarfes Social seeurity costs Employers o)nlributions to pension p18n 86,023 1,679 3,980 91.682 73,700 1,482 3,475 78,657 The average head count of employees during the year was 4 12022: 4). The average number of fulktime equivalent employees during Ihe year is analysed as follows.. 2023 No 2022 No Management and administration - UK No &mployee recelvad emolum8nts of more than £60,000 durlng the year. 13 Indapondent examlnallon hes 2023 2022 Independent ex8min8tion of the financial statements Other financial services 1.387 1,387 2,774 1.185 1.185 2,370 Page 27
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 14 Tanglblo fixed assets Fixtures. flttlngs and equlpmenl Total Cost Al 1 January 2023 Additions 15,185 599 15,185 599 At 31 December 2023 15,784 15,784 Depreciation At 1 January 2023 Ch8rge for the year 14,420 14.420 483 At 31 December 2023 14.903 14.903 Net book valu• At 31 Dember 2023 881 881 At 31 December 2022 765 765 15 Fixed asset investments Shares in group undertakings and participating intèrèsts Shares In group undertakings Totsl Cost At 1 January 2023 At 31 Dernber 2023 100 100 100 100 Net book value At 31 December 2023 100 100 At 31 December 2022 100 1cwJ Page 28
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 Details of undortakings Details of the investments in which the charity holds 20% or more of the nominal value of any dass of share capital are as follows: Country of Incorporatlon Proportion of votlng rights and shares held 2023 2022 Prfncipal actlvlty Undertaklng Holding Subsldlary undertaklngs The provision of trips lo Uganda Amigos Worfdwide Ventures Limited England and Wales Ordinary 100% 100% Subsidlarles The profit for the financial period of Amigos Worldwde Vantures Limited was £18,424 {2022.. £4,684) and the aggregate amount of capital and resetves at the end of the perlod was £10012022.. £4.7841. 16 Debtors 2023 2022 Prepayments Accnjed income Other debtors 50,588 120,000 2.000 20.589 14.008 172,588 34,597 17 Cash and cash equlvalents 2023 2022 Cash at bank 899.610 908,197 Page 29
Amlgos Worldwide Notes to thè Flnan¢ial Statements for the Year Ended 31 De¢embar 2023 18 Credltors: amounts falllng due wlthln one year 2023 2022 Other taxation and sodal security Other creditors Accruats 1,443 696 4,787 6.926 522 5.586 19 Obligations under leases and hire purchase contracts Operatlng lease commltments Total future mlnlmum lease payTnents under non-cancellable operating lèases are as follows- 2023 2022 Ben one and five years 10,313 14,063 Page 30
Amlgos Worldwide Notes to the Financial Statements for the Year Ended 310ecemb8r 2023 20 Fund5 Balance at 31 D8¢ember 2023 Balance at 1 January 2023 Incomlng Resources rosources expended Transfers Unrestrfcted funds General Funds Running Gosts Project development Fixed assets 577.717 150,OCIJ 50,000 765 379,673 {79,0661 {501.3281 60,000 340,186 599 376,996 210.000 365,155 881 {25.031) {4831 104,580 778,482 379,673 1,543} 953,032 R8stricl8d funds Chlld sponsorshlp and gifts Community sponsorship Klra Sttjdent 8nd Tgacher sponsorship KIRU Boreholes 20.242 56,528 56,270 176,9t91 167,9761 11,700 11,706 11,551 20,301 8,865 42,954 926 2.894 10,291 36.305 17,177 34,090 1.456 171,8491 167,8491 147,5531 12,9731 27.7 48.750 12,553 6.943 29.491 591 Bikes Solar M&nstrual Health Management Strength I Inspire Kira Farni D8velopm8nt 2,894 10,291 6.000 618 46,500 (6,0001 18451 ,695 693 38,805 159,591 202.746 349.659) 100.543 113,221 Total funds 938.073 582.419 {454,239) 1,066,2S3 Page 31
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 20 Funds Icontlnuedl Balance at 31 D¢¢¢rnber 2022 Balance al 1 January 2022 Incomlng Resources resourtes expended Trdnsfers Unre$trlct8d funds General Funds Running costs Project development Fixed assets 131.902 150,000 25,000 1,569 308.471 583,865 167,0411 {71.0091 577,717 150,000 50,000 765 (11,246) (8041 179,091) 36,246 583.865 {34.763) 778,482 Restrlcted funds Child sponsorship and gifts Community sponsorship Klra Student and Teacher sponsorship KIRU Boreholes 13,828 69.210 60.042 {62,7961 (50,8621 20,242 {9,1801 18,630 42,161 36,272 59.356 2,500 {61,0221 150,818) {45,872) (1.737) 20,532 23.411 20,301 8,865 42,954 926 2,894 10,291 29.470 163 2,894 10.291 Bikes Solar Menstrual Health Managemenl Strength I Inspira Kira Fam Development 3,385 6.000 1,588 46.500 (3,385) 1970) 618 46.5CMJ 78,661 323,629 277.462) 34.763 159,591 Total funds 387,132 907.494 356.553 938.073 Page 32
Amigos Worldwide Notes to the Flnanclal Statements for the Year Ended 31 December 2023 Unrestrlcted Funds General Funds General funds are donations and other incoming reSoUrS receivable or generated for the objects of the charSty wlthout further speafic Pllfp09e and which the chaHty may use for its purpose at its discretion. Runnin Costs Funds designated to protect the charitys beneficlarles from unexpected falls in income or unexpected expenditure equating to slx months budgeted runnlng eosts. Pro ecl Develo ment A project development fund used to support new projects. Fixed Assels Fixed assets which cannot be used to fijnd expenditu without belng sold. Rèstrlcted Funds Child suonsorship.gnd gi.fls Chlld sponsorship funds are used to enable children in Uganda to be supported through education ommunil onsorshl Community Sponsorship fvnds are used to ensure children attend school we work wilh whole familEs, providing guardians with the fam)Ing and business skills needed to support the children in their rare, as well as distributing unrforms and academic materials to ensure Ihe poorest children gain an education. Kira Student and Tp.achg.r.E nsorshi Kira Student and Teacher Sponsorship funds are used to support the training of young people at Klra Fam Development Centre. KIRU KIRU fvnds 8re used to tr8in rural farnilng groups. Boreholes Boreholeslwater project funds are used to provide a¢cess to claan water. Bees Bees funds are used to provide hives and trainln9 in beekeeping. Bikes Bikes funds are used to provlde bicycles amongst our farming groups and fund a bikes mechanics eJJrriculum at Kira Farm. Solar Solar funds are used to provide solar packs amongst our farming groups. Menstrual Health ManaAemgn! Menstnjal Health Management funds are used to help remove stigma around menstruation and improve school attendance. Page 33
Amigos Worldwide Notes to the Financial Statements for the Year Ended 31 December 2023 Stren hllns ire Strengthllnspire funds are used to support the stren1n$p1re programme vlslL Kira Farm Develo ment Kira Fam) Development- Funds to develop Kira Farm Developmenl Centre. Transfers from General Funds are: New designations by the trustees Cost of )Ixed asset addition in th8 year and Costs of reÈtri¢ted projects paruy funded by unrestricled nds. Page 34
Amigos Worldwide Notes to the Financlal Statements for the Year Ended 31 December 2023 21 Analysis of net assets bgtwgen funds Total funds at31 Deeember 2023 Unrestrlthd funds General Restrlcted funds Tanglble fixed assets Fixed asset Snvestments Current assets Current liabilities 881 100 958,977 {6,9261 953,032 881 100 1.072, 198 6,926 113,221 Totsl net assets 113,221 1.066,253 Totsl funds at31 December 2022 Unrestrlcted funds General Restricted funds Tanglble fixed assets Fixed asset investments Current 8ssels Current Ilabllltles 765 100 783.203 {5,586} 778,482 765 100 942,794 15,586) 938.073 159,591 Totsl net assets 159.591 22 Related party transactlons During the year ended 31 December 2023 the charfty benefited from an interest free loan from its subsldlary company. Tha amount owed from the subsldiary at th8 year end was £2,IX)0 12022.. £14.008 owed from the subsldiary}. Page 35