**REGISTERED CHARITY NUMBER: 1121513** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2022** ## **FOR** ## **FRIENDS OF ASHANTI GHANA** Armstrongs Chartered Accountants and Tax Advisers 1&2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX **FRIENDS OF ASHANTI GHANA** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|9| |**Detailed Statement of Financial Activities**||10|| **FRIENDS OF ASHANTI GHANA** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31 October 2022. 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 and aims** The relief of sickness, the provision of maternity care, the preservation of good health and the advancement of education of children, among people residing in Ghana, particularly but not exclusively, in the Ashanti region, by provision of financial and material assistance and such other facilities as the trustees shall, from time to time in their absolute discretion determine with the object of improving the conditions of life for persons who need such facilities. ## **Public benefit** Help saves lives, especially those of pregnant women. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Supporting 45 beds hospital that is self-funded and provides medical services to the community in Kotwi. ## **Fundraising activities** The trustee's own companies make regular donations that can be used to support the hospital and to fund any capital project such as purchase of hospital equipment. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing documents, a deed of trust dated 7th June 2007 and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1121513 ## **Principal address** 24 Billington Road East Elmesthorpe Leicester Leicestershire LE9 7SB ## **Trustees** C Marvin ## **Independent Examiner** Armstrongs Chartered Accountants and Tax Advisers 1&2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX Page 1 **FRIENDS OF ASHANTI GHANA** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022** Approved by order of the board of trustees on 28 July 2023 and signed on its behalf by: C Marvin - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF ASHANTI GHANA** ## **Independent examiner's report to the trustees of Friends of Ashanti Ghana** I report to the charity trustees on my examination of the accounts of Friends of Ashanti Ghana (the Trust) for the year ended 31 October 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr M Shabbir FCA, FCCA Armstrongs Chartered Accountants and Tax Advisers 1&2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX 28 July 2023 Page 3 **FRIENDS OF ASHANTI GHANA** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 30,130 16,000
EXPENDITURE ON
Raising funds 32,677 14,723
Other - (9)
Total 32,677 14,714
NET INCOME/(EXPENDITURE) (2,547) 1,286
RECONCILIATION OF FUNDS
Total funds brought forward 2,759 1,473
TOTAL FUNDS CARRIED FORWARD 212 2,759
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The notes form part of these financial statements Page 4 **FRIENDS OF ASHANTI GHANA** ## **BALANCE SHEET** ## **31 OCTOBER 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 1,550 3,395
CREDITORS
Amounts falling due within one year 4 (1,338) (636)
NET CURRENT ASSETS 212 2,759
TOTAL ASSETS LESS CURRENT
LIABILITIES 212 2,759
NET ASSETS 212 2,759
FUNDS 5
Unrestricted funds 212 2,759
TOTAL FUNDS 212 2,759
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The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2023 and were signed on its behalf by: C Marvin - Trustee The notes form part of these financial statements Page 5 **FRIENDS OF ASHANTI GHANA** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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. ## **Taxation** The charity is exempt from 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021. ## **Trustees' expenses** There has been no expenditure for Trustee expenses during the year (2021 £Nil). continued... Page 6 **FRIENDS OF ASHANTI GHANA** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,000
EXPENDITURE ON
Raising funds 14,723
Other (9)
Total 14,714
NET INCOME 1,286
RECONCILIATION OF FUNDS
Total funds brought forward 1,473
TOTAL FUNDS CARRIED FORWARD 2,759
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other creditors 1,338 636
5. MOVEMENT IN FUNDS
Net
At movement At
1.11.21 in funds 31.10.22
£ £ £
Unrestricted funds
General fund 2,759 (2,547) 212
TOTAL FUNDS 2,759 (2,547) 212
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continued... Page 7 **FRIENDS OF ASHANTI GHANA** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022** ## **5. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement|Movement| |---|---|---|---|---| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General fund|30,130|(32,677)||(2,547)| |**TOTAL FUNDS**|30,130|(32,677)||(2,547)| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund|At
1.11.20
£
1,473|Net
movement
At
in funds
31.10.21
£
£
1,286
2,759| |---|---|---| |**TOTAL FUNDS**|1,473|1,286
2,759| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
Resources
resources
expended
£
£
16,000
(14,714)|Movement
in funds
£
1,286| |---|---|---| |**TOTAL FUNDS**|16,000
(14,714)|1,286| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund|At
1.11.20
£
1,473|Net
movement
in funds
£
(1,261)|At
31.10.22
£
212| |---|---|---|---| |**TOTAL FUNDS**|1,473|(1,261)|212| continued... Page 8 **FRIENDS OF ASHANTI GHANA** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022** ## **5. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement|Movement| |---|---|---|---|---| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General fund|46,130|(47,391)||(1,261)| |**TOTAL FUNDS**|46,130|(47,391)||(1,261)| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 October 2022. Page 9 **FRIENDS OF ASHANTI GHANA** **----- Start of picture text -----**
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2022
2022 2021
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 30,130 16,000
Total incoming resources 30,130 16,000
EXPENDITURE
Other trading activities
Donations to Kotwi hospital 31,965 14,083
Bank charges 10 4
31,975 14,087
Other
-
Foreign exchange (9)
Support costs
Governance costs
Accountancy and legal fees 702 636
Total resources expended 32,677 14,714
Net (expenditure)/income (2,547) 1,286
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