Digitally Signed Document Document ID: 3651E01652E0B1 ## Document Details: 20R719-Charities report - 22.2-CHA-CS- **Filename:** 20240110.PDF **Client of:** Dufton Kellner ## Signature Details |**Name:**|Stephen Blair| |---|---| ||| |**Email:**|mrstephenblair@yahoo.com| ||| |**Date & Time:**|10/01/2024 19:27:46 PM (GMT)| ||| |**IP Address:**|90.243.101.26| ||| |**Signing Statement:**|Stephen Blair agrees and approves the contents
of this document.| ## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. |**On behalf of:**|Dufton Kellner| |---|---| ||| |**PDF digital certificate:**|IRIS Software Group Limited| ||| |**Digital certificate issued by:**|GlobalSign| Please keep a copy of this document for your records. **REGISTERED CHARITY NUMBER: 1121659** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 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 2023 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|3| |Independent Examiner's Report||4|| |Statement of Financial Activities||5|| |Balance Sheet||6|| |Notes to the Financial Statements|7|to|10| |Detailed Statement of Financial Activities||11|| Rock of Joy Trust Report of the Trustees for the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 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 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. Page 1 Rock of Joy Trust for the Year Ended 31 March 2023 ## Report of the Trustees ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In our previous report we highlighted that following Covid, the Government increased teachers salaries by 25% which we knew would be a major challenge for us. We therefore agreed to organize a trustees visit with particular attention to their finances and also to set up financial controls of the coffee plantation. In addition we decided to start preparations for a Youth Trip in July 2023 with the training program starting in September 2022. In August 2022 we were rapidly running out of funds but by God's grace we were given £20,000 by the Alum Trust which was a charity which had completed its aims and had funds that they wished to give us. Despite this we realised that we could not maintain the level of giving which we had been forced to give due to the raised teachers salaries. It was therefore with great regret that we had to ask our Ugandan partners to find ways to cut expenditure. In January 2022 we were sending £8,000 per month and his had to be increased to £10,000 which was not sustainable. We therefore decided to revert back to £8,000 per month from December 2022. The trustees visit which we had planned was perfectly timed so that they could support our Ugandan partners in looking for different ways to make savings. They came back with a full report and detailed analysis of what was going on in the schools and on the coffee plantation. We decided to sell the 50 acre farm that we have had for a long time but due to restrictions from the government, we had not been able to achieve the level of return that we had hoped for. The coffee plantation with 20,000 plants has been growing well and an anticipated income of £10,000 is expected in August 2023. Kew Gardens have been working with us and introducing a new coffee species for economic development which has previously only grown in the wild. To support us in this they gave us a grant of £1,500. They have also visited and advised on husbandry. They have set up weather stations to enable them to see what the effects of climate and different growing conditions have on the plants. (In the forest coffee grows below the canopy in shade whereas in coffee plantations it tends to be grown without any cover. We therefore have some grown in the different conditions to see how it effects coffee production). Training started for the Youth Trip in September 2022. This included arranging lots of fund raising events which were down to individuals as well as some collective events like a Christmas fair which was very profitable. They were taught with a 4 hour session every two months covering such topics as coping with the culture, learning how to teach lessons, how to do public speaking etc. The reduction in funds to the schools was managed by our Ugandan Partners. The end of year academic results were the best that we have ever had. Partly as a result of this and partly because some schools closed when the salaries went up, we have had much larger class sizes. The total number of children across three schools rose to 1,600 in the new year. While we have objected to the large class sizes, they point out that actually the results are better than before and therefore class size does not bother them. ## **FINANCIAL REVIEW** During the year donations received amounted to £102,373 (2022 £109,705) and Gift Aid was £17,286 (2022 £17,061). The charity donated £124,284 to Rock of Joy Educational Services (2022 £114,371). Other costs amounted to £3,869 (2022 £3,353). Donations included £20,000 from Alum Rock Hall Trust; this was used as a designated fund to pay teachers wages which is included in payments made to Rock of Joy Educational Services. The net deficit was £8,494 (2022 surplus of £9,042) and the total unrestricted reserves held at the year end were £11,558 (2022 £20,052). In 2019 a donor advanced a loan of £50,000 to fund the creation of a coffee plantation in Uganda, with the aim being that the plantation would produce a surplus which would initially be used to repay the loan and subsequently provide a contribution towards the charity's expenditure on its charitable objects. This transaction appeared as both credit and debit loans within the accounts. However, the plantation has not yet reached a position of surplus and so no repayments have yet been made. The donor has now decided to write off his loan due from the charity, and as such the plantation is released from its obligation to repay the loan to the charity. Within these accounts this write-off is recognised as the cancellation of loans due both to and from Rock of Joy, with no income statement or tax impacts. The effect is as if the donor had simply advanced funds directly to the plantation endeavour in 2019. Page 2 Rock of Joy Trust for the Year Ended 31 March 2023 ## Report of the Trustees ## **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.. ## **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 D Cambridge ## **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 11 January 2024 and signed on its behalf by: S D Blair MS FRCS - Trustee Page 3 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 2023. ## **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. Stuart Kellner FCA Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral CH60 0EE 11 January 2024 Page 4 Rock of Joy Trust ## Statement of Financial Activities for the Year Ended 31 March 2023 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
99,659
**EXPENDITURE ON**
**Charitable activities**
Rock of Joy Educational Services
104,284
Other
3,869
**Total**
108,153
**NET INCOME/(EXPENDITURE)**
(8,494)
**RECONCILIATION OF FUNDS**
Total funds brought forward
20,052
**TOTAL FUNDS CARRIED FORWARD**
11,558|Restricted
fund
£
20,000
20,000
-
20,000
-
-
-|31.3.23
Total
funds
£
119,659
124,284
3,869
128,153
(8,494)
20,052
11,558|31.3.22
Total
funds
£
126,766| |---|---|---|---| ||||114,371
3,353| ||||117,724| ||||9,042
11,010| ||||20,052| The notes form part of these financial statements Page 5 Rock of Joy Trust ## Balance Sheet ## 31 March 2023 |||||31.3.23|31.3.22| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes|£|£|£|£| |**CURRENT ASSETS**|||||| |Debtors|5|7,566|-|7,566|62,658| |Cash at bank||3,992|-|3,992|7,394| |||11,558|-|11,558|70,052| |**NET CURRENT ASSETS**||11,558|-|11,558|70,052| |**TOTAL ASSETS LESS CURRENT**|||||| |**LIABILITIES**||11,558|-|11,558|70,052| |**CREDITORS**|||||| |Amounts falling due after more than one year|6|-|-|-|(50,000)| |**NET ASSETS**||11,558|-|11,558|20,052| |**FUNDS**|8||||| |Unrestricted funds||||11,558|20,052| |**TOTAL FUNDS**||||11,558|20,052| The financial statements were approved by the Board of Trustees and authorised for issue on 11 January 2024 and were signed on its behalf by: S D Blair MS FRCS - Trustee The notes form part of these financial statements Page 6 Rock of Joy Trust Notes to the Financial Statements for the Year Ended 31 March 2023 ## **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 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** During the year no expenses were paid to trustees (2022 £1,052 - travel costs for a governance visit to Uganda). ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
126,766
**EXPENDITURE ON**
**Charitable activities**
Rock of Joy Educational Services
114,371
Other
3,353
**Total**
117,724|Restricted
fund
£
-
-
-
-|Total
funds
£
126,766| |---|---|---| |||114,371
3,353| |||117,724| continued... Page 7 Rock of Joy Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2023 |**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|Restricted|Total| |||fund|fund|funds| |||£|£|£| ||**NET INCOME**|9,042|-|9,042| ||**RECONCILIATION OF FUNDS**|||| ||Total funds brought forward|11,010|-|11,010| ||**TOTAL FUNDS CARRIED FORWARD**|20,052|-|20,052| |**4.**|**INDEPENDENT EXAMINER**|||| ||There was no independent examiner's remuneration for the year ended 31 March 2023 nor for the|||year ended 31| ||March 2022.|||| |**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.23|31.3.22| ||||£|£| ||Other loans||-|50,000| ||Gift aid||7,566|12,658| ||||7,566|62,658| |**6.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||| ||||31.3.23|31.3.22| ||||£|£| ||Other creditors||-|50,000| |**7.**|**LOANS**|||| ||An analysis of the maturity of loans is given below:|||| ||||31.3.23|31.3.22| ||||£|£| ||Amounts falling due between two and five years:|||| ||Other loans - 2-5 years||-|50,000| continued... Page 8 Rock of Joy Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **8. MOVEMENT IN FUNDS** |At 1.4.22
£
**Unrestricted funds**
General fund
20,052
**TOTAL FUNDS**
20,052
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
99,659
**Restricted funds**
Restricted
20,000
**TOTAL FUNDS**
119,659
**Comparatives for movement in funds**
At 1.4.21
£
**Unrestricted funds**
General fund
11,010
**TOTAL FUNDS**
11,010
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
126,766
**TOTAL FUNDS**
126,766|Net
movement
At
in funds
31.3.23
£
£
(8,494)
11,558
(8,494)
11,558
Resources
Movement
expended
in funds
£
£
(108,153)
(8,494)
(20,000)
-
(128,153)
(8,494)
Net
movement
At
in funds
31.3.22
£
£
9,042
20,052
9,042
20,052
Resources
Movement
expended
in funds
£
£
(117,724)
9,042
(117,724)
9,042| |---|---| continued... Page 9 Rock of Joy Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.21|in funds|31.3.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|11,010|548|11,558| |**TOTAL FUNDS**|11,010|548|11,558| 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 funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
226,425
20,000
246,425|Resources
Movement
expended
in funds
£
£
(225,877)
548
(20,000)
-
(245,877)
548|Resources
Movement
expended
in funds
£
£
(225,877)
548
(20,000)
-
(245,877)
548| |---|---|---|---| ||||548| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 10 Rock of Joy Trust ## Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |Detailed Statement of Financial Activities
for the Year Ended 31 March 2023||| |---|---|---| ||31.3.23|31.3.22| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|102,373|109,705| |Gift aid|17,286|17,061| ||119,659|126,766| |**Total incoming resources**|119,659|126,766| |**EXPENDITURE**||| |**Charitable activities**||| |Rock of Joy Educational Services|124,284|114,371| |**Other**||| |Travel|4,019|3,353| |**Support costs**||| |**Finance**||| |Bank charges|(150)|-| |Total resources expended|128,153|117,724| |**Net (expenditure)/income**|(8,494)|9,042| This page does not form part of the statutory financial statements Page 11