REGISTERED CHARITY NUMBER: 1121513
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
FRIENDS OF ASHANTI GHANA
Armstrongs Bishop Simmons Chartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton Warwickshire CV11 4DA
FRIENDS OF ASHANTI GHANA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 6 |
| Detailed Statement of Financial Activities | 7 |
FRIENDS OF ASHANTI GHANA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. 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
Approved by order of the board of trustees on 22 January 2025 and signed on its behalf by:
C Marvin - Trustee
Page 1
FRIENDS OF ASHANTI GHANA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 28,000 EXPENDITURE ON Raising funds 28,580 NET INCOME/(EXPENDITURE) (580) RECONCILIATION OF FUNDS Total funds brought forward 216 TOTAL FUNDS CARRIED FORWARD (364) |
2023 Total funds £ 22,501 |
|---|---|
| 22,497 | |
| 4 212 |
|
| 216 |
The notes form part of these financial statements
Page 2
FRIENDS OF ASHANTI GHANA
BALANCE SHEET 31 OCTOBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 410 | 918 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (774) | (702) |
| NET CURRENT ASSETS/(LIABILITIES) | (364) | 216 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (364) | 216 | |
| NET ASSETS | (364) | 216 | |
| FUNDS | 5 | ||
| Unrestricted funds | (364) | 216 | |
| TOTAL FUNDS | (364) | 216 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 January 2025 and were signed on its behalf by:
C Marvin - Trustee
The notes form part of these financial statements
Page 3
FRIENDS OF ASHANTI GHANA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
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 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There has been no expenditure for Trustee expenses during the year (2023 £Nil).
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 22,501 |
| EXPENDITURE ON | |
| Raising funds | 22,497 |
| NET INCOME | 4 |
continued...
Page 4
FRIENDS OF ASHANTI GHANA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 212 | |||
| TOTAL FUNDS CARRIED FORWARD | 216 | |||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 774 | 702 | ||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.11.23 | in funds | 31.10.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 216 | (580) | (364) | |
| TOTAL FUNDS | 216 | (580) | (364) | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 28,000 | (28,580) | (580) | |
| TOTAL FUNDS | 28,000 | (28,580) | (580) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1.11.22 | in funds | 31.10.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 212 | 4 | 216 | |
| TOTAL FUNDS | 212 | 4 | 216 |
Page 5
continued...
FRIENDS OF ASHANTI GHANA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
5. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,501 | (22,497) | 4 |
| TOTAL FUNDS | 22,501 | (22,497) | 4 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.11.22 | in funds | 31.10.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 212 | (576) | (364) |
| TOTAL FUNDS | 212 | (576) | (364) |
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,501 | (51,077) | (576) |
| TOTAL FUNDS | 50,501 | (51,077) | (576) |
6. RELATED PARTY DISCLOSURES
The donations during the year were made by companies that are connected to the trustees.
Page 6
FRIENDS OF ASHANTI GHANA
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 28,000 | 22,501 |
| Total incoming resources | 28,000 | 22,501 |
| EXPENDITURE | ||
| Other trading activities | ||
| Donations to Kotwi hospital | 27,758 | 21,788 |
| Bank charges | 12 | 7 |
| 27,770 | 21,795 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 810 | 702 |
| Total resources expended | 28,580 | 22,497 |
| Net (expenditure)/income | (580) | 4 |
This page does not form part of the statutory financial statements
Page 7