| CONTENTS | Page | ||
|---|---|---|---|
| Company information |
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| Trustees' report |
|||
| Auditors' report |
12 | ||
| Consolidated Statement offinancial |
activities | 17 | |
| Statement offinancial | activities | 18 | |
| Balance sheet | 19 | ||
| Statement ofCash Flows | 20 | ||
| Notes to the Financial | Statements | 21 |
| Trustees | Street Child | |||||
|---|---|---|---|---|---|---|
| Andrea Salvato | (appointed | 25 January 2022) | ||||
| Charity number | 1122320 | |||||
| Company | number | 06448222 | ||||
| Registered office & | 33Creechurch | Lane | ||||
| principal | address | London EC3A SEB |
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| Auditors | Moore Kingston | Smith | LLP | |||
| Chartered Accountants |
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| 9Appold Street | ||||||
| London | ||||||
| EC2A 2AP | ||||||
| Bankers | Barclays Bank | PLC, | ||||
| 1st Floor, Atlas | House | |||||
| 1-7King Street | ||||||
| London EC2V 8AU |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| Notes | 2022 | 2022 | 2022 | 2021 | ||||
| E | E | E | E | |||||
| Income from: | ||||||||
| Donations | 17,751 | 17,751 | 46,581 | |||||
| Other trading activities | 203,000 | 203,000 | 177,500 | |||||
| Total income | 220,751 | 220,751 | 224,081 | |||||
| Expenditure | on: | |||||||
| Raising funds | 5&8 | 151,312 | 151,312 | 415,377 | ||||
| Charitable | activities | 5&9 | 762,837 | 762,837 | 101,364 | |||
| Total expenditure | 914,149 | 914,149 | 516,741 | |||||
| Net income/(expenditure) | &net movement | in funds | (693,398) | (693,398) | (292,660) | |||
| Reconciliation | offunds | |||||||
| Total funds | brought forward | 13 | 1,101,931 | 1,101,931 | 1,394,591 | |||
| Movement | between funds | |||||||
| Total funds carried forward | 13 | 408,533 | 408,533 | 1,101,931 |
| Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| Notes | 2022 | 2022 | 2021 | |||||
| Income from: | ||||||||
| Donations | 145,926 | 145,926 | 129,403 | |||||
| Total income | 145,926 | 145,926 | 129,403 | |||||
| Expenditure | on: | |||||||
| Raising funds | 58.8 | 114,205 | 114,205 | 370,367 | ||||
| Charitable | activities | 589 | 757,405 | 757,405 | 97,050 | |||
| Total expenditure | 871,610 | 871,610 | 467,416 | |||||
| Net income/(expenditure) | &net movement | in funds | (725,684) | (725,684) | (338,014) | |||
| Reconciliation | offunds | |||||||
| Total funds | brought | forward | 13 | 973,754 | 973,754 | 1,311,768 | ||
| Movement | between | funds | ||||||
| Total funds carried forward | 248,070 | 248,070 | 973,754 |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | 2022 f |
2021f | 2022 f |
2021 f |
||||
| Current assets: | ||||||||
| Debtors | 177,976 | 582,330 | 180,451 | 568,320 | ||||
| Prepayments | 10 | 15,000 | 15,000 | |||||
| Cash at bank | and in | hand | 243,181 | 531,298 | 78,384 | 415,332 | ||
| 421,157 | 1,128,628 | 258,834 | 998,652 | |||||
| Current liabilities: |
||||||||
| Creditors | (amounts | falling due within one year) | (12,624) | (17,197) | (10,764) | (15,398) | ||
| Deferred | revenue | (9,500) | (9,500) | |||||
| (12,624) | (26,697) | (10,764) | (24,898) | |||||
| Net current | assets | 408,533 | 1,101,931 | 248,070 | 973,754 | |||
| Net assets | 408,533 | 1,101,931 | 248,070 | 973,754 | ||||
| Funds: | ||||||||
| Unrestricted | funds | 12 | 408,533 | 1,101,931 | 248,070 | 973,754 | ||
| Restricted | funds | |||||||
| Total funds | 408,533 | 1,101,931 | 248,070 | 973,754 |
| For the year ended 31 | March 2022 | March 2022 | March 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| f | f | f | f | |||||
| Cash flows from operating activies: |
||||||||
| Netincome/(expenditure) (asper SOFA) |
for period | (693,398) | (292,660) | (725,684) | (338,014) | |||
| Adjustments for: |
||||||||
| Decrease/(Increase) | in debtors | 404,354 | 570,942 | 387,869 | 490,375 | |||
| Decrease in prepayments |
15,000 | 17,671 | 15,000 | 17,671 | ||||
| (Decrease)/Increase | in creditors | (4,573) | (274,467) | (4,634) | (263,766) | |||
| (Decrease)/Increase | in deferred | revenue | (9,500) | (92,000) | (9,500) | 3,000 | ||
| 405,281 | 222,146 | 388,736 | 247,280 | |||||
| Net cash used in operating activities |
(288,117) | (70,514) | (336,948) | (90,734) | ||||
| Change in cash and cash period |
equivalents | in reporting | (288,117) | (70,514) | (336,948) | (90,734) | ||
| Cash and cash equivalents at the reporting period |
beginning | ofthe | 531,298 | 601,812 | 415,332 | 506,066 | ||
| Cash and cash equivalents at the end period |
ofthe reporting | 243,181 | 531,298 | 78,384 | 415,332 | |||
| Analysis ofcash and cash equivalents | and net | debt | ||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| f | f | f | f | |||||
| Opening balance |
531,298 | 601,812 | 415,332 | 506,066 | ||||
| Cash-flows | (288,117) | (70,514) | (336,948) | (90,734) | ||||
| Closing balance | 243,181 | 531,298 | 78,384 | 415,332 |
| 1.Accounting policies |
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|---|---|---|---|---|---|---|---|---|
| Company Information |
||||||||
| Lessons for Life Foundation (the "Company" ) is a private company incorporated, domiciled and registered in England in the |
UK. | The registered | number | |||||
| is 6448222 and the registered address is 33Creechurch Lane, London, England, EC3A SEB. |
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| a. Basis of preparation | ||||||||
| The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the |
UK and | Republic of Ireland (The FRS | ||||||
| 102Charities SORP including update Bulletin 2) and the requirements ofthe Companies Act 2006.The Charitable Company |
and | its subsidiary | are | a | ||||
| public benefit group for the purposes of FRS102and therefore the Charity also prepared its financial statements in |
accordance | with the | 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 (The FRS102Charities SORP including update Bulletin 2),the Companies Act 2006 and the Charities Act |
2011. | |||||||
| The financial statements are prepared in sterling, which is the functional currency ofthe charity. Monetary amounts |
in these financial statements | are | ||||||
| rounded to the nearest one pound. | ||||||||
| These financial statements are prepared on the going concern basis, under the historical cost convention. |
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| The principal accounting policies are set out below. |
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| Group financial statements | ||||||||
| The Group comprise I essons for I ife and I essons for I ife Trading Limited. |
||||||||
| The assets, liabilities and results ofthe wholly owned subsidiary company Lessons for Life Trading Limited are consolidated |
into | |||||||
| these financial statements on a line by line basis. Summarised details ofthe subsidiary charity are set out in Note 21. |
||||||||
| b. Going concern | ||||||||
| The Trustees have assessed whether the use ofthe going concern basis is appropriate and have considered possible |
events | or conditions | that | might cast | ||||
| significant doubt on the ability ofthe charity to continue as a going concern. |
||||||||
| The Trustees have made this assessment for a period ofat least one year from the date of approval ofthe financial |
statements. | |||||||
| The charity entered the financial year 2021/22 with reserves ofE1,101,931and at 31March 2022 had unrestricted | reserves | of6408,533.This | is ahead | |||||
| ofthe target reserves ofthe charity. | ||||||||
| In assessing whether Lessons for Life Foundation is a going concern, the Trustees have also considered the reserves |
ofthe Street Child charitable | group, | ||||||
| ofwhich the charity is a wholly owned subsidiary. The trustees have considered the group forecasts and projections |
and have taken account of | |||||||
| pressures on donation and grant income and cash flow for 12 months from the date ofapproval ofthe financial statements, |
the | associated assumptions | ||||||
| that under-pin it, the pipeline of new income and the steps that could be taken to reduce expenditure should this be necessary. |
||||||||
| The Trustees are satisfied that the group has sufficient resources to continue in operational existence for the foreseeable future. |
The group has | a loyal | ||||||
| donor base and a significant grant pipeline. Annual budgets include prudent figures for both income and expenditure and the charity holds significant |
||||||||
| reserves and has liquid assets in the form of cash held in short term deposits. |
||||||||
| The Trustees have concluded that with the reserves policy and cash liquidity requirements ofthe charity together with the |
commitment | ofsupport | ||||||
| received from Street Child, the ultimate controlling party, there are no material uncertainties as to the charity's ability to continue in operational |
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| existence for the foreseeable future. |
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| The charity therefore continues to adopt the going concern basis in preparing its financial statements. |
| e. Fund accounting | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds are available to spend on activities that further any ofthe charitable objectives ofthe charity. |
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| Restricted funds are donations which the donor has specified are to be spent on specific |
activities ofthe charity. A full | breakdown ofthe restricted |
funds | ||||||
| ofthe charity can be found in note 14ofthe financial statements. |
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| f.Expenditure and irrecoverable VAT |
|||||||||
| Expenditure is only recognised once there is a legal or constructive obligation to make a |
payment to a third party, it is | probable that | settlement | will be | |||||
| required and the amount ofthe obligation can be measured reliably. Expenditure is classified under the following activity headings: |
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| Costs of raising funds comprise the costs of all fundraising activities and an allocation ofsupport costs. |
|||||||||
| -Charitable activities comprise all grants and costs reimbursed to partners in Africa, the |
direct costs of managing those |
programmes | and an | allocation of | |||||
| support costs. These are further split between the three main areas of our programmatic |
work. | ||||||||
| Irrecoverable VAT is charged as a cost against the activity for which the expenditure was |
incurred. | ||||||||
| g. Grants to partners | |||||||||
| Grant agreements consist of both a committed element and a performance-related element. As a result the committed |
element (the |
first payment | of | ||||||
| every grant) is recognised as expenditure when the grant is signed, and any amount not |
paid at year end is recognised | as a liability on the balance sheet. | |||||||
| The performance related elements (all other payments) are only recognised once the relevant conditions are met by the partner organisation. |
Any | ||||||||
| amounts where conditions have not been met at year end but still may be met at a later |
date are recognised as a contingent |
liability | in note | 18ofthe | |||||
| financial statements. | |||||||||
| h. Allocation ofsupport costs | |||||||||
| Support costs are those functions that assist the work ofthe charity but do not directly undertake charitable activities. |
These | include | finance, | personnel, | |||||
| payroll, governance and management costs. These costs have been allocated between costs of raising funds and expenditure |
on charitable | activities. | |||||||
| The basis on which support costs have been allocated is set out in note 6. |
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| i.Tangible fixed assets | |||||||||
| All tangible fixed assets costing more then ES,000are capitalised. | |||||||||
| Tangible fixed assets are stated at cost less accumulated depreciation, with depreciation |
provided at rates calculated to write |
offthe | costs of | asset | less | ||||
| any residual value over their useful economic life on a straight line basis. |
|||||||||
| j. Debtors and prepayments | |||||||||
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments |
are valued at the amount | prepaid | |||||||
| net of any trade discounts due. |
|||||||||
| k. Creditors and provisions | |||||||||
| Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will |
probably result in the |
transfer offunds to | |||||||
| a third party and the amount due to settle the obligation can be measured or estimated |
reliably. Creditors and provisions are |
recognised at |
their settlement | ||||||
| amount after allowing for any trade discounts due. |
|||||||||
| I. Foreign exchange transactions | |||||||||
| Foreign exchange income and expenditure transactions are recognised at the going rate |
on the date ofthe transaction | occurring. | |||||||
| Any balance sheet amounts outstanding on the reporting date have been retranslated at |
the going rate as per Bloomberg on | 31March 2021. | |||||||
| m. Pensions | |||||||||
| All employees are entitled to join a defined contribution pension scheme which is funded |
by contributions from both the employee and employer. |
||||||||
| Total employer contributions due in the period were f10,649(2021:f12,807)with f3,494(2021:f1,982) outstanding |
at year | end. | |||||||
| n. Legal status | |||||||||
| Lessons for Life Foundation is company limited by guarantee and has no share capital, with Company Number 06448222 and |
Charity | Number | 1122320. | ||||||
| The liability ofeach member in the event ofwinding-up is limited to 610. |
|||||||||
| Iessons for I ife Foundation is the sole member of Iessons for I ife Trading Company Limited, a company limited by guarantee |
and registered | with | |||||||
| Companies House in England and Wales with Company Number 09943198. |
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| o.Gift Aid | |||||||||
| Gift Aid payments from Iessons for I ife Trading Company I imited to the charity are accounted for in the charity when |
they are paid. | ||||||||
| p. Critical accounting estimates and judgements |
|||||||||
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including |
expectations | offuture | events | ||||||
| that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the |
future. | The resulting | |||||||
| accounting estimates will, by definition, seldom equal the related actual results. It is in the opinion ofthe Directors that there |
are no | estimates | and | ||||||
| assumptions that have a significant risk ofcausing a material adjustment ofthe carrying |
amounts ofassets and liabilities within the next financial year. |
| 2.Income from donations | ||||||
|---|---|---|---|---|---|---|
| Group | Unrestricted | Restricted | Total | |||
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2022 | |||
| f | f | f | ||||
| Sporting and challenge events: | ||||||
| Other events | 7,500 | 7,500 | ||||
| Total sporting and challenge |
events | 7,500 | 7,500 | |||
| Donated goods and services | (see note 16) | 4,238 | 4,238 | |||
| Other donations | 6,013 | 6,013 | ||||
| Total donations | 17,751 | 17,751 | ||||
| Charity | Unrestricted | Restricted | Total | |||
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2022 | |||
| f | f | f | ||||
| Sporting and challenge events: | ||||||
| Five aside Football Tournament | 7,500 | 7,500 | ||||
| Total sporting and challenge |
events | 7,500 | 7,500 | |||
| Donated goods and services | (see note 16) | 4,238 | 4,238 | |||
| Gift Aid donation from Trading |
Subsidiary | 128,175 | 128,175 | |||
| Other donations | 6,013 | 6,013 | ||||
| Total donations | 145,926 | 145,926 | ||||
| Group | Unrestricted | Restricted | Total | |||
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | |||
| f | f | f | ||||
| Sporting and challenge events: | ||||||
| Big Ride for Africa (excluding | sponsorship | -see note 4) | 20,339 | 20,339 | ||
| Other events | 345 | 345 | ||||
| Total sporting and challenge |
events | 20,684 | 20,684 | |||
| Furlough Income |
12,791 | 12,791 | ||||
| Donated goods and services | (see Note 16) | 7,794 | 7,794 | |||
| Gala Dinner pledges | 2,147 | 2,147 | ||||
| Other donations | 3,165 | 3,165 | ||||
| Total donations | 46,581 | 46,580 | ||||
| Charity | Unrestricted | Restricted | Total | |||
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | |||
| f | f | f | ||||
| Sporting and challenge events: | ||||||
| Big Ride for Africa (excluding | sponsorship | -see note 4) | 20,339 | 20,339 | ||
| Other events | 345 | 345 | ||||
| Total sporting and challenge |
events | 20,684 | 20,684 | |||
| Furlough Income |
12,791 | 12,791 | ||||
| Donated goods and services | (see note 16) | 7,794 | 7,794 | |||
| Gala Dinner pledges | 2,147 | 2,147 | ||||
| Gift Aid donation from Trading |
Subsidiary | 82,821 | 82,821 | |||
| Other donations | 3,165 | 3,165 | ||||
| Total donations | 129,403 | 129,402 |
| Group | Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | |||||
| f | f | f | ||||||
| Corporate sponsorship: | Big Ride for Africa | 203,000 | 203,000 | |||||
| Total income from other | trading activities | 203,000 | 203,000 | |||||
| Group | Unrestricted | Restricted | Total | |||||
| funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2021 | |||||
| f | f | f | ||||||
| Corporate | sponsorship: | Big Ride for Africa | 177,500 | 177,500 | ||||
| Total income from other | trading activities | 177,500 | 177,500 | |||||
| 4.Total expenditure | ||||||||
| Group | Grants to | Direct costs | Support costs | |||||
| partner | staff | Other | staff | Other | Total | |||
| organisations | costs | costs | costs | costs | expenditure | |||
| 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | ||
| f | f | f | f | f | f | |||
| Costs of raising funds | 49,531 | 38,944 | 53,379 | 9,458 | 151,312 | |||
| Charitable | activities | 700,000 | 53,379 | 9,458 | 762,837 | |||
| Total expenditure | 700,000 | 49,531 | 38,944 | 106,758 | 18,916 | 914,149 | ||
| Charity | Grants to | Direct costs | Supportcosts | |||||
| partner | Staff | Other | Staff | Other | Total | |||
| organisations | costs | costs | costs | costs | expenditure | |||
| 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | ||
| f | f | f | f | f | f | |||
| Costs of raising funds | 42,614 | 14,187 | 49,955 | 7,449 | 114,205 | |||
| Charitable | activities | 700,000 | 49,955 | 7,449 | 757,405 | |||
| Total expenditure | 700,000 | 42,614 | 14,187 | 99,910 | 14,898 | 871,610 | ||
| Group | Grants to | Direct costs | Supportcosts | |||||
| partner | staff | Other | staff | Other | Total | |||
| organisations | costs | costs | costs | costs | expenditure | |||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | ||
| f | f | f | f | f | f | |||
| Costs of raising funds | 103,503 | 236,857 | 54,621 | 20,396 | 415,377 | |||
| Charitable | activities | 2,330 | 12,859 | 10,271 | 54,621 | 21,284 | 101,364 | |
| Total expenditure | 2,330 | 116,360 | 247,128 | 109,242 | 41,680 | 516,741 | ||
| Charity | Grants to | Direct costs | Supportcosts | |||||
| partner | Staff | Other | Staff | Other | Total | |||
| organisations | costs | costs | costs | costs | expenditure | |||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | ||
| f | f | f | f | f | f | |||
| Costs of raising funds | 95,702 | 203,075 | 52,153 | 19,437 | 370,367 | |||
| Charitable | activities | 2,330 | 12,859 | 10,271 | 52,153 | 19,437 | 97,050 | |
| Total expenditure | 2,330 | 108,560 | 213,346 | 104,305 | 38,874 | 467,416 |
| 5.Support cost allocation | 5.Support cost allocation | 5.Support cost allocation | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Group | Basis of | Staff costs | Other costs | Total | |||||
| 2022 | allocation | 2022 | 2022 | 2022 | |||||
| f | f | f | |||||||
| Management | &administration | Time spent | 9,815 | 9,815 | |||||
| Finance | Time spent | 106,758 | 6,735 | 113,493 | |||||
| Human Resources |
Time spent | 1,203 | 1,203 | ||||||
| Information | &Communications | Technology | Time spent | 1,162 | 1,162 | ||||
| Total support costs | 106,758 | 18,916 | 125,674 | ||||||
| Charity | Basis of | Staff costs | Other costs | Total | |||||
| 2022 | allocation | 2022 | 2022 | 2022 | |||||
| f | f | f | |||||||
| Management | &administration | Time spent | 5,975 | 5,975 | |||||
| Finance | Time spent | 99,910 | 6,558 | 106,468 | |||||
| Human Resources |
Time spent | 1,203 | 1,203 | ||||||
| Information | &Communications | Technology | Time spent | 1,162 | 1,162 | ||||
| Total support costs | 99,910 | 14,898 | 114,808 | ||||||
| Group | Basis of | Staff costs | Other costs | Total | |||||
| 2021 | allocation | 2021 | 2021 | 2021 | |||||
| f | f | f | |||||||
| Management | &administration | Time spent | 7,257 | 3,267 | 10,524 | ||||
| Finance | Time spent | 101,984 | 72,522 | 174,506 | |||||
| Human Resources |
Headcount | 1,204 | 1,204 | ||||||
| Information | &Communications | Technology | Headcount | 1,163 | 1,163 | ||||
| Facilities | Headcount | (36,476) | (36,476) | ||||||
| Total support costs | 109,241 | 41,680 | 150,921 | ||||||
| Charity | Basis of | Staff costs | Other costs | Total | |||||
| 2021 | allocation | 2021 | 2021 | 2021 | |||||
| f | f | f | |||||||
| Management | &administration | Time spent | 7,257 | 580 | 7,837 | ||||
| Finance | Time spent | 97,048 | 72,403 | 169,452 | |||||
| Human Resources |
Headcount | 1,204 | 1,204 | ||||||
| Information | &Communications | Technology | Headcount | 1,163 | 1,163 | ||||
| Facilities | Headcount | (36,476) | (36,476) | ||||||
| Total support costs | 104,305 | 38,874 | 143,179 | ||||||
| Support costs includes governance | costs, which consists ofthe following expenses: | ||||||||
| Total | Total | ||||||||
| Group | 2022 | 2021 | |||||||
| f | f | ||||||||
| Staff costs on supporting | board | 6,734 | 4,714 | ||||||
| Statutory audit |
4,560 | 10,800 | |||||||
| Total governance | costs | 11,294 | 15,514 | ||||||
| Total | Total | ||||||||
| Charity | 2022 | 2021 | |||||||
| f | f | ||||||||
| Staff costs on supporting | board | 6,734 | 4,714 | ||||||
| Statutory audit |
2,700 | 9,000 | |||||||
| Total governance | costs | 9,434 | 13,714 |
| The averag | e full time |
equivalents employed by the charity in the year were: |
||
|---|---|---|---|---|
| Year ended | Yearended | |||
| 31March | 31March | |||
| 2022 | 2021 | |||
| Programmes/charitable | activities | 0.5 | ||
| Fundraising | and communications | 1.0 | 2.5 | |
| Management and administration |
1.8 | 1.8 | ||
| 2.8 | 4.8 | |||
| Staff costs | comprised | of: | ||
| Total | Total | |||
| Group | 2022 | 2021 | ||
| f | f | |||
| Gross salaries | 132,894 | 197,706 | ||
| Employers | NIC | 12,747 | 19,806 | |
| Employers | pension contributions | 10,649 | 12,807 | |
| Other benefits | 4,058 | 9,453 | ||
| 160,348 | 239,772 | |||
| Total | Total | |||
| Charity | 2022 | 2021 | ||
| f | f | |||
| Gross salaries | 119,129 | 184,969 | ||
| Employers | NIC | 12,747 | 19,806 | |
| Employers | pension contributions | 10,649 | 12,807 | |
| Other benefits | 4,058 | 9,453 | ||
| 146,583 | 227,035 |
| 7.Costs of raising funds | |||
|---|---|---|---|
| Group | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 |
| f | f | f | |
| Direct staff costs | 49,531 | 49,531 | |
| Direct other costs | |||
| Big Ride for Africa | 10,927 | 10,927 | |
| Gala Dinner | 4,260 | 4,260 | |
| Other | 23,757 | 23,757 | |
| Total direct other costs | 38,944 | 38,944 | |
| Support costs | 62,837 | 62,837 | |
| Total costs of raising funds | 151,312 | 151,312 | |
| Charity | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 |
| f | f | f | |
| Direct staff costs | 42,614 | 42,614 | |
| Direct other costs | |||
| Big Ride for Africa | 586 | 586 | |
| Gala Dinner | 4,260 | 4,260 | |
| Other | 9,341 | 9,341 | |
| Total direct other costs | 14,187 | 14,187 | |
| Support costs | 57,405 | 57,405 | |
| Total costs of raising funds | 114,205 | 114,205 | |
| Group | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 |
| f | f | f | |
| Direct staff costs | 103,503 | 103,503 | |
| Direct other costs | |||
| Big Ride for Africa | 204,262 | 204,262 | |
| Gala Dinner | 1,496 | 1,496 | |
| Other | 31,099 | 31,099 | |
| Total direct other costs | 236,857 | 236,857 | |
| Support costs | 75,017 | 75,017 | |
| Total costs of raising funds | 415,377 | 415,377 | |
| Charity | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 |
| f | f | f | |
| Direct staff costs | 95,702 | 95,702 | |
| Direct other costs | |||
| Big Ride for Africa | 170,481 | 170,481 | |
| Gala Dinner | 1,496 | 1,496 | |
| Other | 31,099 | 31,099 | |
| Total direct other costs | 203,075 | 203,075 | |
| Support costs | 71,590 | 71,590 | |
| Total costs of raising funds | 370,367 | 370,367 |
| 8.Charitable act |
ivities | |||||||
|---|---|---|---|---|---|---|---|---|
| Group | Unrestricted | Restricted | Total | |||||
| funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | |||||
| E | E | f | ||||||
| Grants to partner | organisations | 700,000 | 700,000 | |||||
| Indirect costs | 62,837 | 62,837 | ||||||
| Total charitable | activities | 762,837 | 762,837 | |||||
| Charity | Unrestricted | Restricted | Total | |||||
| funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | |||||
| E | f | E | ||||||
| Grants to partner | organisations | 700,000 | 700,000 | |||||
| Indirect costs | 57,405 | 57,405 | ||||||
| Total charitable | activities | 757,405 | 757,405 | |||||
| Group | Unrestricted | Restricted | Total | |||||
| funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2021 | |||||
| E | E | 6 | ||||||
| Grants to partner | organisations | 2,330 | 2,330 | |||||
| Direct costs | 23,130 | 23,130 | ||||||
| Indirect costs | 75,904 | 75,904 | ||||||
| Total charitable | activities | 101,364 | 101,364 | |||||
| Charity | Unrestricted | Restricted | Total | |||||
| funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2021 | |||||
| E | f | |||||||
| Grants to partner | organisations | 2,330 | 2,330 | |||||
| Direct costs | 23,130 | 23,130 | ||||||
| Indirect costs | 71,590 | 71,590 | ||||||
| Total charitable | activities | 97,050 | 97,050 | |||||
| Grants to organisations | were sent to the following: | Total | Total | |||||
| Group and Charity | 2022 | 2021 | ||||||
| f | f | |||||||
| Street Child | 700,000 | |||||||
| The Kusasa Project | 2,699 | |||||||
| Alpha Childcare | and Community | Development | Organisation | (ACCOD) | (369) | |||
| 700,000 | 2,330 |
| 9.Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| Group | 2022 | 2021 | ||||||
| f | f | |||||||
| Intercompany | Debtors | —Street Child | 162,809 | 508,018 | ||||
| Trade debtors | 13,000 | 52,000 | ||||||
| Intercompany | Debtors | - Build Africa | 67 | 22,024 | ||||
| Other debtors | 2,100 | 288 | ||||||
| 177,976 | 582,330 | |||||||
| Total | Total | |||||||
| Charity | 2022 | 2021 | ||||||
| f | f | |||||||
| Intercompany | Debtors | —Street Child | 162,809 | 508,018 | ||||
| Trade debtors | 22,000 | |||||||
| Intercompany | Debtors | —Build Africa | 67 | 22,024 | ||||
| Intercompany | Debtors | - Lessons for Life Foundation | Trading Company | Limited | 17,545 | 16,223 | ||
| Other debtors | 30 | 55 | ||||||
| 180,451 | 568,320 | |||||||
| 10.Prepayments | ||||||||
| Total | Total | |||||||
| Group and Charity | 2022 | 2021 | ||||||
| f | f | |||||||
| Prepaid suppliers | 15,000 | |||||||
| 15,000 | ||||||||
| 11.Creditors - amounts | falling due within one year | |||||||
| Total | Total | |||||||
| Group | 2022 | 2021 | ||||||
| f | f | |||||||
| Accruals | 5,047 | 10,326 | ||||||
| HMRC payable | 3,576 | 4,144 | ||||||
| Trade creditors | 4,001 | 2,668 | ||||||
| Other payroll | liabilities | 58 | ||||||
| 12,624 | 17,197 | |||||||
| Charity | 2022 | 2021 | ||||||
| f | f | |||||||
| Accruals | 3,187 | 8,526 | ||||||
| HMRC payable | 3,576 | 4,144 | ||||||
| Trade creditors | 4,001 | 2,668 | ||||||
| Other payroll | liabilities | 59 | ||||||
| 10,764 | 15,398 | |||||||
| 12.Deferred Income | ||||||||
| Total | Total | |||||||
| Group and Charity | 2022 | 2021 | ||||||
| f | f | |||||||
| Balance at beginning ofyear |
9,500 | 6,500 | ||||||
| Amount released to income |
in year | 0 | ||||||
| Amount deferred |
in the year | (9,500) | 3,000 | |||||
| Balance at the | end | ofthe year | 9,500 |
| 13.Anal | ysis | ofcharity funds | |||||
|---|---|---|---|---|---|---|---|
| 2022 | |||||||
| Balance | Income | Expenditure | Transfers | Balance | |||
| Group | brought | between | carried | ||||
| forward | funds | forward | |||||
| f | f | f | f | f | |||
| Unrestricted | funds | 1,101,931 | 220,751 | (914,149) | 408,533 | ||
| Total funds | 1,101,931 | 220,751 | (914,149) | 408,533 | |||
| Balance | Income | Expenditure | Transfers | Balance | |||
| Charity | brought | between | carried | ||||
| forward | funds | forward | |||||
| f | f | f | f | f | |||
| Unrestricted | funds | 973,754 | 145,926 | (871,610) | 248,070 | ||
| Total funds | 973,754 | 145,926 | (871,610) | 248,070 | |||
| 2021 | |||||||
| Balance | Income | Expenditure | Transfers | Balance | |||
| Group | brought | for the | in the | between | carried | ||
| forward | period | period | funds | forward | |||
| f | f | f | f | f | |||
| Unrestricted | funds | 1,394,591 | 224,081 | (516,741) | 1,101,931 | ||
| Total funds | 1,394,591 | 224,081 | (516,741) | 1,101,931 | |||
| 2021 | |||||||
| Balance | Income | Expenditure | Transfers | Balance | |||
| Charity | brought | for the | in the | between | carried | ||
| forward | period | period | funds | forward | |||
| f | f | f | f | f | |||
| Unrestricted | funds | 1,311,768 | 129,403 | (467,416) | 973,754 | ||
| Total funds | 1,311,768 | 129,403 | (467,416) | 973,754 | |||
| 14.Analysis | of net assets | ||||||
| 2022 | Unrestricted | Restricted | Total | ||||
| Group | funds | funds | funds | ||||
| f | f | f | |||||
| Current | assets | 421,157 | 421,157 | ||||
| Current | liabilities | (12,624) | (12,624) | ||||
| Tota I net assets | 408,533 | 408,533 | |||||
| Unrestricted | Restricted | Total | |||||
| Charity | funds | funds | funds | ||||
| f | f | f | |||||
| Current | assets | 258,834 | 258,834 | ||||
| Current | liabilities | (10,764) | (10,764) | ||||
| Tota I net assets | 248,070 | 248,070 | |||||
| 2021 | |||||||
| Unrestricted | Restricted | Total | |||||
| Group | funds | funds | funds | ||||
| f | f | ||||||
| Current | assets | 1,128,628 | 1,128,628 | ||||
| Current | liabilities | (26,697) | (26,697) | ||||
| Total | net | assets | 1,101,931 | 1,101,931 | |||
| Unrestricted | Restricted | Total | |||||
| Charity | funds | funds | funds | ||||
| f | f | f | |||||
| Current | assets | 998,652 | 998,652 | ||||
| Current | liabilities | (24,898) | (24,898) | ||||
| Total | net | assets | 973,754 | 973,754 |