REGISTERED CHARITY NUMBER: 1121659
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
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 2024
| 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
for the Year Ended 31 March 2024
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 March 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
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
On alternate years we have organised a youth trip and a medical trip to Uganda. There is a long build up to this, with a 10 month training period for those planning to go, for the individuals to raise funds needed for their costs and also costs of delivering the program. A formal report of the trip is attached. In addition, we had a full trustees meeting in Uganda combining our fact- finding activities and having an opportunity to discuss progress and plans with our Ugandan partners - report attached.
One pressing issue arose which was that the school at Lugala in the slums of Kampala was going to be closed at the end of the year by the education department due to one classroom block being inadequate. The initial plans made by a local architect were fanciful and completely unaffordable. Therefore, in December we concluded a fund-raising round for more modest classrooms which were built during the long Christmas holiday and are now fully functional. Progress is being made in getting full recognition of the school.
On the other hand, the 100% pass rate into secondary school is outstanding. The average is well below 50% of students passing.
Finances have been very tight due to falling donations since Covid. We are going to be dependent on the coffee plantation significantly increasing production to meet this shortfall. Fortunately, the value of coffee beans has increased from 5000 to 12,000 Ugandan shillings per kilo of coffee. We have given notice of reduced payment to Uganda as we move them towards being self-sufficient in the coming year.
The coming year will therefore have potential problems, depending on the size of the coffee harvest.
FINANCIAL REVIEW
During the year donations received amounted to £120,067 (2023 £102,373) and Gift Aid was £19,503 (2023 £17,286). The charity donated £136,137 to Rock of Joy Educational Services (2023 £124,284). Other costs amounted to £150 (2023 £3,869).
The net surplus was £3,283 (2023 deficit of £8,494) and the total unrestricted reserves held at the year end were £14,841 (2023 £11,558).
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Rock of Joy Trust
for the Year Ended 31 March 2024
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 6 January 2025 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 2024.
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
7 January 2025
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Rock of Joy Trust
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 139,570 EXPENDITURE ON Charitable activities Rock of Joy Educational Services 136,137 Other 150 Total 136,287 NET INCOME/(EXPENDITURE) 3,283 RECONCILIATION OF FUNDS Total funds brought forward 11,558 TOTAL FUNDS CARRIED FORWARD 14,841 |
Restricted fund £ - - - - - - - |
31.3.24 Total funds £ 139,570 136,137 150 136,287 3,283 11,558 14,841 |
31.3.23 Total funds £ 119,659 124,284 3,869 128,153 (8,494) 20,052 11,558 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Rock of Joy Trust
Balance Sheet
31 March 2024
| 31.3.24 | 31.3.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 5 | 13,852 | - | 13,852 | 7,566 |
| Cash at bank | 989 | - | 989 | 3,992 | |
| 14,841 | - | 14,841 | 11,558 | ||
| NET CURRENT ASSETS | 14,841 | - | 14,841 | 11,558 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 14,841 | - | 14,841 | 11,558 | |
| NET ASSETS | 14,841 | - | 14,841 | 11,558 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 14,841 | 11,558 | |||
| TOTAL FUNDS | 14,841 | 11,558 |
The financial statements were approved by the Board of Trustees and authorised for issue on 6 January 2025 and were signed on its behalf by:
S D Blair MS FRCS - Trustee
The notes form part of these financial statements
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Rock of Joy Trust
Notes to the Financial Statements for the Year Ended 31 March 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 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
During the year no expenses were paid to trustees (2023 nil).
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continued...
Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 99,659 | 20,000 | 119,659 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Rock of Joy Educational Services | 104,284 | 20,000 | 124,284 | ||
| Other | 3,869 | - | 3,869 | ||
| Total | 108,153 | 20,000 | 128,153 | ||
| NET INCOME/(EXPENDITURE) | (8,494) | - | (8,494) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 20,052 | - | 20,052 | ||
| TOTAL FUNDS CARRIED FORWARD | 11,558 | - | 11,558 | ||
| 4. | INDEPENDENT EXAMINER | ||||
| There was no independent examiner's remuneration for the year ended 31 March | 2024 nor for the | year ended 31 | |||
| March 2023. | |||||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.3.24 | 31.3.23 | ||||
| £ | £ | ||||
| Gift aid | 13,852 | 7,566 | |||
| 6. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.4.23 | in funds | 31.3.24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 11,558 | 3,283 | 14,841 | ||
| TOTAL FUNDS | 11,558 | 3,283 | 14,841 |
continued...
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Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 139,570 TOTAL FUNDS 139,570 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 20,052 TOTAL FUNDS 20,052 Comparative 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 |
Resources Movement expended in funds £ £ (136,287) 3,283 (136,287) 3,283 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) |
|---|---|
continued...
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Rock of Joy Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,052 | (5,211) | 14,841 |
| TOTAL FUNDS | 20,052 | (5,211) | 14,841 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | 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 | 239,229 | (244,440) | (5,211) |
| Restricted funds | |||
| Restricted | 20,000 | (20,000) | - |
| TOTAL FUNDS | 259,229 | (264,440) | (5,211) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Rock of Joy Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 120,067 | 102,373 |
| Gift aid | 19,503 | 17,286 |
| 139,570 | 119,659 | |
| Total incoming resources | 139,570 | 119,659 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rock of Joy Educational Services | 136,137 | 124,284 |
| Other | ||
| Travel | 150 | 4,019 |
| Support costs | ||
| Finance | ||
| Bank charges | - | (150) |
| Total resources expended | 136,287 | 128,153 |
| Net income/(expenditure) | 3,283 | (8,494) |
This page does not form part of the statutory financial statements
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