REGISTERED CHARITY NUMBER: 1121659
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Rock of Joy Trust
Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
Rock of Joy Trust
Contents of the Financial Statements for the Year Ended 31 March 2021
| 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 |
Rock of Joy Trust
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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
To advance the education of the pupils attending Rock of Joy Primary Schools in Masaka, Antioch, and associated schools in Uganda by providing and assisting in the provision of facilities and equipment for education at the school.
To preserve and protect the health of the children attending Rock of Joy Primary Schools in Masaka, Antioch, and associated schools in Uganda, by providing and assisting in the provision of facilities, support services and equipment.
The relief of financial hardship either generally or individually of people living in the area surrounding Rock of Joy Primary Schools in Masaka, Antioch, and associated schools in Uganda, by making grants of money or providing or paying for items, services or facilities for the relief of the sick or poor, either generally or individually.
Public benefit
The trustees are meeting their public benefit requirement by advancing the education of the pupils attending Rock of Joy Primary Schools in Masaka, Antioch, and associated schools in Uganda by providing and assisting in the provision of facilities and equipment for education at the schools.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This has been another tough year for our partners in Uganda. With a tight lockdown, employment and income stopped for most people. Food could not be transported making hunger and poor nutrition contributing factors to the number of people dying from Covid. While none of our staff died, a significant number lost loved ones, who were both young and old.
As a result of the lockdown the schools were not allowed to open apart from a brief time when the P7 (Top class in primary school) were allowed in to take their entrance exam for secondary school. We were therefore delighted to have our best ever results including at Lugala in Kampala where the effects of lock down were felt more than in the countryside where subsistence farming-maintained people.
We are very grateful for the continued support of our donors, as this meant that we could continue to pay our teachers which meant that some funds were coming into the communities. This therefore trickled down and helped far more people down the line.
However, poverty was painful. There were many pregnancies due to the stopping of contraception provision. This in turn produced mothers who had no funds for nappies or baby clothes. We managed to arrange for basic needs to be met for many mums in Kampala in the areas around our school.
What did carry on was the development of the 53 acres which we have planted out in our coffee plantation. The first proper crop is expected in 2022 and we are expecting that this will take them a long way towards self-sufficiency. We have managed to stay in contact well with our Ugandan team through social media, and a governance visit finally took place in November 2021, after being delayed for so long due to Covid.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources generated are from voluntary donations, and also from various fundraising events that have taken place throughout the year, a breakdown of which is provided in the detailed Statement of Financial Activities.
Reserves policy
The trustees, at their discretion, may spend all or part of the capital of the Charity in furthering the objects.
Page 1
Rock of Joy Trust
Report of the Trustees for the Year Ended 31 March 2021
FINANCIAL REVIEW
During the year donations received amounted to £107,572 (2020 £159,602) and Gift Aid was £16,194 (2020 £22,137). The charity donated £152,338 to Rock of Joy Educational Services (2020 £146,380). Other costs amounted to nil (2020 £7,251).
The net deficit was £28,516 (2020 surplus of £28,058) and the total unrestricted reserves held at the year end were £11,010 (2020 £39,526).
FUTURE PLANS
Our aim is to continue providing support to the three schools in Uganda and to further advance self sufficiency with the coffee plantation, with the first proper crop expected in 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
There must be at least 3 trustees. Apart from the first trustees, every trustee must be appointed for a term of 5 years by a resolution of the trustees passed at a special meeting called under clause 15 of the deed. In order to be eligible any potential trustee must be over 18 years of age, and never disqualified from office under the provisions of clause 11 of the deed. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1121659
Principal address
C/o 66 Thurstaston Road Heswall Wirral CH60 6RX
Trustees
S D Blair MS FRCS Mrs C M Blair Mrs S Cambridge C Penn (appointed 5.10.20) D Cambridge (appointed 5.10.20)
Independent Examiner
Stuart Kellner FCA Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
Approved by order of the board of trustees on 26 January 2022 and signed on its behalf by:
S D Blair MS FRCS - Trustee
Page 2
Independent Examiner's Report to the Trustees of Rock of Joy Trust
Independent examiner's report to the trustees of Rock of Joy Trust
I report to the charity trustees on my examination of the accounts of Rock of Joy Trust (the Trust) for the year ended 31 March 2021.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Stuart Kellner FCA Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral CH60 0EE
27 January 2022
Page 3
Rock of Joy Trust
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 123,766 EXPENDITURE ON Charitable activities Rock of Joy Educational Services 152,282 Other - Total 152,282 NET INCOME/(EXPENDITURE) (28,516) RECONCILIATION OF FUNDS Total funds brought forward 39,526 TOTAL FUNDS CARRIED FORWARD 11,010 |
31.3.20 Total funds £ 181,739 146,380 7,301 |
|---|---|
| 153,681 | |
| 28,058 11,468 |
|
| 39,526 |
The notes form part of these financial statements
Page 4
Rock of Joy Trust
Balance Sheet 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 5 | 57,998 | 47,976 |
| Prepayments and accrued income | - | 33,400 | |
| Cash at bank | 3,012 | 8,150 | |
| 61,010 | 89,526 | ||
| NET CURRENT ASSETS | 61,010 | 89,526 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 61,010 | 89,526 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 6 | (50,000) | (50,000) |
| NET ASSETS | 11,010 | 39,526 | |
| FUNDS | 8 | ||
| Unrestricted funds | 11,010 | 39,526 | |
| TOTAL FUNDS | 11,010 | 39,526 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 January 2022 and were signed on its behalf by:
S D Blair MS FRCS - Trustee
The notes form part of these financial statements
Page 5
Rock of Joy Trust
Notes to the Financial Statements for the Year Ended 31 March 2021
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 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 181,739 |
| EXPENDITURE ON | |
| Charitable activities | |
| Rock of Joy Educational Services | 146,380 |
| Other | 7,301 |
| Total | 153,681 |
Page 6
continued...
Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| NET INCOME | 28,058 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 11,468 | ||
| TOTAL FUNDS CARRIED FORWARD | 39,526 | ||
| 4. | INDEPENDENT EXAMINER | ||
| There was no independent examiner's remuneration for the year ended 31 March 2021 nor for the year ended 3 | |||
| March 2020. | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other loans | 50,000 | 35,000 | |
| Gift aid | 7,998 | 12,976 | |
| 57,998 | 47,976 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other creditors | 50,000 | 50,000 | |
| 7. | LOANS | ||
| An analysis of the maturity of loans is given below: | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Amounts falling due between two and five years: | |||
| Other loans - 2-5 years | 50,000 | 50,000 |
There was no independent examiner's remuneration for the year ended 31 March 2021 nor for the year ended 31 March 2020.
continued...
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Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS
| At 1.4.20 £ Unrestricted funds General fund 39,526 TOTAL FUNDS 39,526 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 123,766 TOTAL FUNDS 123,766 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 11,468 TOTAL FUNDS 11,468 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 181,739 TOTAL FUNDS 181,739 |
Net movement At in funds 31.3.21 £ £ (28,516) 11,010 (28,516) 11,010 Resources Movement expended in funds £ £ (152,282) (28,516) (152,282) (28,516) Net movement At in funds 31.3.20 £ £ 28,058 39,526 28,058 39,526 Resources Movement expended in funds £ £ (153,681) 28,058 (153,681) 28,058 |
|---|---|
continued...
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Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,468 | (458) | 11,010 |
| TOTAL FUNDS | 11,468 | (458) | 11,010 |
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 TOTAL FUNDS |
Incoming resources £ 305,505 305,505 |
Resources Movement expended in funds £ £ (305,963) (458) (305,963) (458) |
Resources Movement expended in funds £ £ (305,963) (458) (305,963) (458) |
|---|---|---|---|
| (458) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
Rock of Joy Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 107,572 | 159,602 |
| Gift aid | 16,194 | 22,137 |
| 123,766 | 181,739 | |
| Total incoming resources | 123,766 | 181,739 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rock of Joy Educational Services | 152,338 | 146,380 |
| Other | ||
| Travel | - | 6,066 |
| Resources | - | 1,185 |
| - | 7,251 | |
| Support costs | ||
| Finance | ||
| Bank charges | (56) | 50 |
| Total resources expended | 152,282 | 153,681 |
| Net (expenditure)/income | (28,516) | 28,058 |
This page does not form part of the statutory financial statements
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