Charity Registratlon No. 1122809 Company Reglstration No. 05717237 {EngSand and Wales) PEARL OF AFRICA CHILD CARE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 28 FEBRUARY 2025 RickardLuckin
PEARL OF AFRICA CHILD CARE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees R G Whaile, Chairman R Brooken D Tonge E Tonge L Bell J Griffiths Charity number {England and Wales) 1122809 Company number 05717237 Registered offlco Sellirk Station Road G¢ern Abergavanny Wales NP7 OBY Independent examiner Rickard Luckin Limited 1 st Floor County House 100 New London Road Chèlmsford Essex CM2 ORG Bankers Nalwest Bank PIC- Lew8S 11 High Street Lewes East Sussex BN7 2ZX Barclays Bank plc Burgess Hill Lewes Aa Branches I Lewes Easl Sussex RH15 9BD
PEARL OF AFRICA CHILD CARE LIMITED CONTENTS Page Trustees, report Independent examinerfs report Slatemenl of financial activities Balance sheet 10 Notes to the financial statements
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 28 FEBRUARY2025 The trustees presenl their annual report and financial statements for the year 6Nled 28 February 2025. The financial slatemenls have been prepared in accordance with the accounting policies sel oul in note 1 to the financial slalements and comply with the charivs Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charilies= stalemp.nt nf Recommènded Practice applic8ble to charities preparing their accounts in accordance with the Financial RerK)rting Standard applicable in the UK and Republic of Ireland {FRS 102>" (effective 1 January 2019). Objectives and actlvltles Pearl of Africa Child Care Ltd (POACC) is a registered charity whose purpose is to improve a¢$8 to educallon, health and welfare for children Suffering through disease. war and poverty in Uganda. We work towards this purpose by supporting our beneficiaries the Molly and Paul Child Care Foundation (MPCCF, or Molly and Paul Foundstion), a registered Ugandan non-governmental organisation {NGO) and charity (registered number (Uganda) S.59141481 NGO), wilh whom we have a close working relalionship. This relationship is governed by a Memorandum of Understanding. With origins over 40 years old. today MPCCF'S team runs 2 primary schools in Kampala as well as 2 schools. a kindergarten, 10 chiklren's homes. and a clinic iri Masaka, Southem Uganda. They provide educalion, food, accommodation, and basic healthrare for approx. 1,500 children, many of whom are marginalised and Ilving below the International Povety Line. Worklng together, our main areas of activity are.. Ensuring greater access to education for children at risk of not attending school. Improvlng the nutrition of children in MPCCF schools through better access to food and clean water. Providing shelter and care to marginali5ed children in need. Improving access to basic healthcare for children in MPCCF schools, and families living In neatby villages. Promoting and encouraging sustainable projects. It is confirmed that, in carrying out the charilvs activities, the Trustees have had regard to the Chatity Commission's guidanc8 on public benefit. We continue to rely on the generoslty of volunteers across the country who gNe their time, money and enthusiasm lo the work of the Charity. Many of our volunteers have shown extraordinary commitment and we are indebted lo them all.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Safeguardlng The Trustees of Pearl of Africa Child Care (POACCI recognise the importance of Its work with children, young people and adults in need of proleclion and its responsibility to protect everyone entrusted to our care. POACC is committed lo the safeguarding of children, young people. adult choir members, accompanying adults and vulnerable adults and ensuring Iheir well-being and we respect the nghts of children as desctibed in the Unlted Nations Convenlion on the Righls of the Child. We recognise that we all have a responsibilty to help prevent the physical, sexual, emotional abuse and neglecl of children and young peop18 (those under 18 years of age) and to report any such abuse that we discover or suspect. Beyond the statutory categories of children and vulnerable adults, POACC also recognises the polenti81 vulnerability of the adult Ugandans we work wilh. both here in the UK and in Uganda. POACC has long had a designated Safeguarding Officer and Deputy Safeguarding Officer and has adopted the procedures sel out in the POACC Safeguarding Policy in accordance with statutory guidance and the ten safeguarding standards developed by Thirtyone Eight (formalty known as CCPAS) an independent Christian charily of which POACC is a member. This policy Is subject to regular review by the Officers and Board, with recenl altenlion being particularfy directed to the growing problems of exploitalion through th8 intem81 and social media. POACC slrlves to ensure no child or adult will be disadvantaged should they make a disclosure or allegalion of abuse and aims lo empower choir members and accompanying adults to tell us If th&y are suffering harm, whether here in the UK or in Uganda. During MPCCF'S fund-raising choir lours in the UK, all relevant host families are subject to enhanced Disclosure & Barring SeNice (DBS) checks, and in accordance wbth best practice we have 8 policy of renewing DBS checks e.very 3 years. POACC has worked closely with MPCCF'S Board to draft and implement a Child Protection Policy for use in the Foundation and all of the units. This has included ongoing training for all members of staff within MPCCF. We are proud to support an organis81ion thal is one of very few NGOS in Uganda with bolh a Child Proteciion Policy and Child Protection Officer. (At the lime of writing, the post of C.P.O. is temporafily vacant.) We have shared the Ugandan Child Protection Policy with other interesled chatities and NGOS, lo help protect other vulnerable thildren, Achievements and performance As previously reported. tho planning for the Autumn 2024 Pearf of Aftica Choir Tour began in eamest in January 2024, with many venues and host families requesting and volunteering lo be involv8d again following perfomances and visits from the choir in 2023, Unfortunately, in September 2024 we leamt that the UK Hom& offi had denied visas for the teachers due lo accoTnpany the choir. and as a result all the children also had visas decllned. Thè refusal cam6 as a complete shock to everyone irivolved.. MPGCF has been applying for choir tour visas for 15 years, always successfvlly. This news was devastating for POACC, MPCCF and the UK volunteers and chddren who had spent the last 12 months preparing for Ihis tour. Despite appeals lo various agencies, il looked impossible lo reverse this decision in time for the lour lo be9in and, in c¢)nsultation with MPCCF, we made the difficult decision to cancel the tour and recoup as Inuch money as possible. Despite limited funding, Ihe Trustees remained committed lo the chari1$ mission and made focused efforts to Gontinue supporting our Ugandan partners during a critical time, allocating funds for the most urgent needs whilsl maintaining regular contact with MPCCF. The Trustees used 2024-2025 as a year to reflect and strengthen Niternal systems and to begin discusslng more sustainable operations in future. We recognise Ihat dependency on fundraising tours needs to be reduced by attracting funding froTn a greater variety of sources, and we continue to seek new initiatives that will support us In this endeavour.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Throughout 2024-2025 POACC were able to continue with bi-monthly payments to MPCCF, although funding r8m8ins scaled back by 113. POACC continue to be the main funders of MPCCF. This conlinued funding was made posslble by the regutar gifts from our base of loyal supporters who have commilted lo donate by way of standing orders; we are immensely grateful to them all, but particularly during this difficult and uncertain period. We a150 continue to monitor sh Itow arKI wlll increase transfers back lo previous levels as soon as we are in a position to do so. The TnJstee8 maintain a close working relationship with MPCCF and remain confidenl in the Foundallon's commitment to financial accountability and transparency. To further strengthen oversight, a UK-based volunteer conducts monthly reviews of MPCCF'S financial records to ensure th8 appropriate application of funds. Any queries raised by audilors or during internal reviews are addressed promptly in collaboration with MPCCF'S leadership team. A continued highlight in 2024 has been the strong partnership wth Rtchard Lander School (Truro), whose pupils and staff have shown sustained commitment to supporting the Molly and Paul schools Fn Uganda-particul8dy Nazarene Vocational High School. Fundraising efforts have supported agricultural projects (including sustainable timber and firewood production), day-to-day operational cosls at Nazare, and a number of targeted initiatives. During the July 2024 visit, Richard Lander students focused almost entirety on the complelion of the main hall in Kamuzinda, also funding windows and doors, so thal it could be used properly for exams and assemblies. Richard Lander School also paid for a new staff water tank, planted coffee and fruit trees and maintained and repaired areas on site that were in disrepalr, stsch as guttering and solar lights and carried out general building repairs. In August 2024, with external funding. a UK volunteer commenced work on building a new mission house at NKB with the aim to provide sultaie accommodation for visitors to slay in whilst visiting the Kampala schools. It is hoped that this will encourage volunteers to assist with maintenance of the Kampala schools which are in desperate need of renovation, The planning of Ihis work was catried out in conjunclion with MPCCF Directors and staff, using reputable local contractor5, and in Fetyuary 2025, the majority of the work was completed. wilh som8 Internal works outstanding. In February 2025, three Trustees alongside a group of UK volunteers vislted thè MPCCF schools, homes and clinics, making the following observalions.. New Kabale Busega Prfmary School The school is facing serious slruclural issues. particularly In the P3 blod(, which has significant wall cracks and a roof with larg6 gaps. The girls 'b8throoms lack roofs and doors. compromising privacy. Additional needs include metal beds for the dormitories (to meet govemmenl standards), new desks (as some children currently sit on the floor). and larmacking of the playground. At the lime of the visit, over 300 children were enrolled, though only around 200 had retumed post-holidays. Numbers were expected lo increase gradually. It was agreed that the choir would begin using the new missSon house for practice, freeing up classroom space. Following the Trustees, relum to the UK, it was reported Ihal the Kampala Capital City Physical Planning team has deemed the girls 'dormilory and P1-P3 classrooms structurally unsafe and has ordered their defflolition. Although there Is no confirmed tlmeline, the SGhool risks closure witliout urgenl Milerveiilioii. Inilial cost estimates suggest that the necessary work may total around £50,000. though furlher investigation is required to clarlfy the scope of this estimate. Wheeling Preparatory School: Wheeling presents as a well-managed and effective school, making excellent use of limited space. Although the smallest of the three sites visited, it is efficiently run under Ihe strong leadership of the Headteacher, who is widely respected by staff, students. and parents. Her ongoing personal investlnenl of time and resources in the school is evident and commendable. Academio perfomiance remains strong, with January results showing 14 first grades and 10 second grades, and no lower grades or failures. While the school is performing well overall. some roofing struclures require replacement. Thotsgh not discussed in depth, funding appears to remain a challenge.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Kamuzinda Children's Vlllage: The Kamuzinda Clinic continues to provide essential healthcare for the children and staff of the Molly and Paul Foundation schools, as well as residents from eighl nearby villages-the only facility within a 7-mlle radius. Its license was recently renowed as a Level 3 facility, supervised weekly by a visiting Clinical Offir. The dinic is managed by a senior lab technian who, wllh support from a UK volunteer. is training to qualify as a Clinical Officer by 2025, reducing future reliance on extemal stall. All MPLCtr students re1ve tree regular health screenings and trealment, while community members pay a small fee, Ihough povety limits cost recovery. About 300/0 of the budget goe5 to medication, bul maintaining supply is difficull due to ftjnding shortages and rising pric8s. UK donalions cover roughly tWO-Ihirds of costs, and POACC aims to close the gap. At the time of the visit, the clinic had limited drug stock and could only Ireal uncomplicated malaria cases, referring severe ones elsewhere. At Nazarene HSgh School, new dining fumiture has been introduced to encourage students to eat outside Ihe classrooms, though further furniture is still needed. A food debt of UGX 3.2 million remains an ongoing concem. Trustees noled that whlle the Farm School remains closed as a teaching tnstitution, a small number of Volunteers from the MPCCF school communily continue lo utilise the site lo support home-based feeding initiatives. The farm is currenlty managad by two ex-pupils who bring valuable technical expertise-, however, severe funding constraints are negatively affecting both animal welfare and crop production. There is potential income from existing coffee planls, though limited manpower reslricls broader agricultural efforts. Discussions are ongoing about whether part of the fundlng from Richard Lander School, which supporls food production, should be ringfenced for Kamuzinda's agricultural needs. The dormitory at the Farm School remains undenjsed and may deteriorate further without regular maintenance. Several staff and their families Continue to reside on site. While selling the farm may seem like a pracllcal solution, it could have broader implications. MPCCF with their oTrth&ground insight, are considering and weighing up the long-term irnpact of such a decision. Both mission house5, the coltage and the outdoor dining area are actively in use by pupils, 3taff and vlsilors to Kamuzlnda. Despite facing significant challenge5-including urgent infrastruclure needs, funding shorttalls, and limited resources affecting both health and agricultural operalions-the dedication of the MPCCF slaff remains unwavering. Whlle the situation on the ground is difficult, there is clear determination lo sustain and strengthen the work of MPCCF. With ongoing support from donors, partner schools. and volunteers, efforts continue to focus on improving conditions, protecting vulnerable children, and building long-tem resilience. The mission remains at the heart of all declsions, and those involved remain d8eply committed to driving it fotward. even in the face of adversity. Pearl of Afrtca Child Care would like to thank the Irustee and all the volunteers who visited MPCCF at their own expense in 2024-2025 and Staff within the Molly and Paul Foundation for iheir time, commitment, openness, and hospitality during th8 trustee visit. Financial review Of outside sources or bodies, POACC continues to make the biggest contribution towards MPCCF operallons. As has been previously reported, Ihe cost of MPCCF'S operations exceeds the funds available to it and so, wtth advisory input Irom POACC and olhers, MPCCF continues to review the scale and nature of it5 operations. -.Vthile MPCCF aspires to be self-suslainable and conlinues to move towards this objective, developing schemes that generate more income locally, the economlc con(titions and climale crisis faced by communities in sutFSaharan Africa continue lo provide a very challenging operating environment. Thanks to the continued support of our gUlar giving donors, our incoming resources for this financial year was £84,396 compared with £171.806 the previous year.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Reserves As at the year end Ihe Charity held reserves (being free reserves) of £36,10212024- £88,818). Under normal urcumslances, POACC'S reserves are maintairEd at a level that enables the charity to distribute budgeled funding evenly throughout the financial year, while also retaining the flexibility to respond to unforeseen needs among our beneficiaries, However, the long-term financial impact of only being able to host one tour since 2019, du& to the Covid-19 pandemic and subsequent challenges with secLtring visas has constituted an ongoing emergency, requiring us to draw on thes6 FeseNes. Budget planning is carried out in consultation with MPCCF, and they are fully infomied of our current financial position. POACC does not typically cary ongow)g liabililies such as rent or staff salaries, allowing the vast majority of ils funds-both dlreclly and indireclly-to be used in support of beneflarieS in Ugand8. Unrestricted (designated) resetves are kept al the lowest sustainable levd to allow for n$[Stent funding throughout the year. Risk management Th8 Trustees have regularly revi8wed the risks lo which the charity is exwsed and focusing on the Charity Commission's Risk Assessment cyc, have implemented a risk management strategy that comprises: Identify, assess and prioritise rtsk and gain an understanding of how risks might present themselves. For each risk identified. there are actions agreed by the Trustees to manage or mitigate its effects. Robust governance and financial reporting to remove or reduce Ihe risks of corruption or irregulaiities, as known risks of operating in Africa. Design systems and procedures lo mitigate ot rnanage the idenlified risk. Implement procedures, seek and lake advanlage of trdining to support the Chartty. Offer guidance to MPCCF in Uganda to manage the risks. Monilor and review performan, taking ijn boar(I lessons leained. Certain risks are inevitable because of the nature of the activstses we- engage in and their location in Uganda. We actively manage these risks. Some rlsks relate to the size and structure of the beneficiary organisation and its need to become more self- sufficient. To help manage the available resources, and to miligale such risks. the Boards of both POACC and MPCCF have agreed in principle to appoint a Chief Operating Offir to MPCCF to strengthen its management and hèlp oversee development. As and when the funds become available for this role we will move foTward, in the interim we will continue working alongside the current Managing Director of MPCCF. We have a Memorandum of Understanding (Mou) bwlh MPCCF. This governs our working relationship, and provides for accounting, reporting, and other essential matters. The Mou codified and built on the TAP 'principles thal have applied slnce the start of the relationship: that is, th6 principles of Transparency, Accountabilily, and Particspalion (i.e. active participation by all parts of MPCCF. not just senlor management). Pursuant to the Mou, thè Charity's relationship with MPCCF 15 Itsew subject to regular review. Trustees aim to visit the Ugandan Foundation we support al least every 2 years for the purposa of assessing and monitoring their activities- between Ihese visits, Twstees of POACC are in frequent contact with MPCCF by email or phone (including media such as WhatsApp) lo obtain additional informalion and explanation a5 required, supplementing the regular reports. Plans for futuro periods The Charity intends to continue to assist MPCCF. both financially and in non-financial ways, and support il toward5 ils goal of self-sufficlenGy. In the nearer temi, Ihe alm is to alleviate the additional problems caused by the Covid pandetnic, whose consequences are still belng felt acutely in Uganda. Awordingly, early in 2024, Trusleos reviewed the fund-raising tour of autumn 2023 and began planning for the choir tour of autumn 2024, and also continued to explore altemative sources of funding. The sudden loss of the 2024 lour has 81ready been described in the section 'Achievements and Performance,, and since then efforts have been focused on mainlaining relationships with English schools and other supporters and finding new SoUrS of funding. The plan for March 2025 onwards was to work dosely with MPCCF in the organisation of the Autumn 2025 choir tour. giving additional support in the visa application proc8ss. In the event, sufficient visa applications were granted lo allow a viable choir tour, and al the time of writing this is under way and progressing well.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 structure, governance and management Charltsble Status Pearl ofAfri¢a Child Care Limited has charitable status: reglstered charity (England & Wales) number 1122809. POACC is controlled by ils Memorandum & Articles of Association and constitutes a limited company Iregistralion (England and Wales) number 0571723n, limited by guarantee, as defined by the Companies Act 2006. Details of the Ttustees (who, for the purposes of company law are the directors of the company) during the year and up to the date this report was signed aro set out below. All Directors of the Company are also Trustees of the Charity. The Directors who held office during the year and up to the dale of Ihls reportwere.. R G Whaile, Chalrman R Brocken D Tonge E Tonge L Bell J Grlffilhs The crileria are as follows: 1. Membership of POACC. 2. Commitment lo the aims and the objectives of POACC. 3. A specific sel of skills and experience needed by the Charity and complementary to that of the other trustees. 4. The 8bilty and preparedness to give lime regularly lo the running of the Charity. The minimum number of Trustees is three with a maximum of nine. E8ch year one-thlrd of Trustees (or the nearest number to one-third) are required to retire and may sland for re-election. Potenlial new IrusÉee5 are idenlified by the board for the particular skills, knowledge or experience they can bring lo enhance its skill set. The induction of new Trustees normally involves= altendan at one or more meetings as an obseer prior to co-option, provision of recent minutes, financial reports and olher relevant materials, and close liaison wilh other Trustees. The Trustees are guided in their responsibllilies by the Compan$ Memorandum of Association and the Charity Commission's publication "Good Governance A code for the Volunlary and Community Secto¢'. The Trustees embrace the Code's six key principles which describe how an effective board provides good govemance and leadership.. Idenlify their role. Ensuring delivery of organisational purwse. Working effectively both as individuals and a team. Exercising effective control. Behaving with integrity. Being open and accountable. The Trustees meet regularly (either fac&to-face or IrtUal.. by telephonelvideo conference) and hold additional ad hoc phone conferences as required. A cOuntryvde community of volunleers provided technological support, and PR, marketing, and financial advice. None of the Trustees or volunteers supporting POACC, received remuneration for their work. The Charity has mechanisms in place to allow for daiming reimbursement for reasonable out-of-pockel expenses, Ihough frequently our Trustees and supporters forgo such daims.
PEARL OF AFRICA CHILD CARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Ststement of Trustees. Rèsponsibilities The trustees. who are also the directors of Peatl OfAfrica Child Care Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the trustees to prepare financaal statements for each financial yeai" which give a tfue and falr. vlew of the state of affairs of the Charity and of Ihe incoming resource5 and application of resourcÉs, including the ncome and expendlture, of Ihe charitable company foi that year. In pparIng these finanual statements, the tAJslees are required to.. select suitable accounting policies 2nd then apply them consistenlly- - observe the methods and principles in the Charities SORP: - make judgements and estimates that are reasonable and PTudent" state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial 8iatements- and prepare the financial stalemenls on the going concem basis unless it is inappropriale to presume that the charity wlll continue in operation. The trustees are responslble for keeping adequaie accounting recnids that disclose wth reasonable accuracy at any time the finar)cial position of the charity and enable them to ensure that the financtal statements Comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordan with the small companies. regime under the Companies Act 2006. The Trusteas dedare that they have approved the Twstees, report above. R G Wh8ite. Chaimian Trustao Date:
PEARL OF AFRICA CHILD CARE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEARL OF AFRICA CHILD CARE LIMITED I report to the trustees on my examination of the financial statements of Pearl OfAfrica Child Care Limiled (Ihe charity) for the year ended 28 February 2025 which comprise Ihe Statement of Financial Adivities, the Balgn Sheet and related notes. Thig report is mad& solely to Ihe charli5 trustees. as a body. in accordan with section 145 of thp. Charities Act 2011. My work has been undertaken so that I might State to Ihe charity's Iru51ees Ihose matters l arn required to stale to Iheffl in this report and for no other purpose. To the fijllest extent p6imitted by law, I do not accept or assume responsibility to anyone other than the charity and the charily's trustees as a body, for my wotk, for this report, or for the opinions I have fotrned. Responsibilities and basis of report As the Irustees of the charity (and also its directors for the putposes of company law), you are responsible for the preparation of the financlal slatemenls ui accordan with the requirements of the Companies Act 2006. Having 5atlsfi8d myself that the financÈal statements of the d)arity a not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examlnalion of the charily's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under 5eclion 14515)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examin81ion r,an prrjvide. Consequently l express no opinion as to whelher the financi21 slatemenls present a 'true and fair, view and my report 15 limited to those specific maiters set out in the independent examiner's statement. Independent examlnerfs statement I have completed my examination. I confirm Ihat no matters have come to my attention in conneclion with the examination giving mè cause to believe that in any material respect.. accounting records were not kept in respect of ihe tharity as required by section 386 of the Companies Act 2006. the ff nancial statements do not accord with those records. or the financial slatemenls do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and falr view. which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance wilh Ihe methods and principles of the statement of Recommended Practice for accounling and reporting by charities applicable lo charities preparing their financial statement5 in acc(Kdance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the finAncial slatoments to be reached. J Mansfield FCA Rickard Luckin Limited 1 sl Floor County House 10D New London Road Chelmsford Essex CM2 ORG
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PEARL OF AFRICA CHILD CARE LIMITED BALANCE SHEET AS A T 28 FEBRUARY2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 12 24.237 16.845 18.588 76,599 41.082 95.187 Credltors: amounts falling due within one year 13 (4.980) (6,369) Net current assets 36.102 88,818 The funds of the charity Restricted income funds Unrestricted funds 15 15.802 20,300 16,221 72,597 36,102 88,818 The company Is entitled to the exemption from ihe audit requirement conlained in sectlon 477 of the Companies Act 2006, for the year ended 28 February 2025. The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006 with respect to accounting records and Ihe preparation of financial ststements. The members have not required the company to obtain an audit of tts financial statements for the year in question in accordance with se¢lion 476. These financial statements have been prepared in accotdance wilh the provisions applicable lo companies subject lo the small companies regim8. The financlal stalemenls were approved by the trustees on ... L Bell Trustee Company règistration number 05717237 {England and Wales) 10-
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY2025 Accounting pollcles Charlty information Pearl Of Africa Child Care Limtted is a private company Ilmlted by guarantee incorporated in England and W8les. The registered office is Seltirk Station Road, Gilwern. Abergavenny, NP7 OBY. Wales. The charity Is a prfvale company limited by guarantee and consequantly does not have 8hare capital. Each of Ihe members is liable to contribule an amounl not exceeding £1 towards the assets of the charily in the event of liquidation. 1.1 Accounting Gonvention The financial statements have been prepared in accordan with the chartys goveming document. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe Charities SORP "Accounling and Reporting by Charities.. Statement of Recommended Practice applicabla to charities preparing their accounts in accordance with the Finanual Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charily has taken advantage of th6 provisions in the SORP for ch8riti8s not to prepare a statement of cash flows. The financial stslements have been wepared under the hislorical cost convention. The principal accounting policies adopled are set out below. 1.2 Golng concern At the lime of approving the finan(#al statements, the trustees hav8 a feasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the. trustees continue lo adopt the going concern basis of accounting in preparing the financial statemenls. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Designat8d funds comprise fvnds which have been sel aside at the discretion of the Iru5tees for specific purposes. The purposes and uses of the deSnated funds are set out in the notes to the financial statements. ReslAcled funds are subject to specific condilions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in th8 notes to the financial statements. 1.4 Income Income is recognised when the charity Is legally enlitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable thal income will be received. Cash donations are recognised on receipt. Olher d(atOnS are recognised once the charity has been rtotified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relatlon to donations received under Gift Aid or deeds of covenant is rectoJnised at the time of the donation. Income from thndraising activities represents income raised from appeals and are recognised on receipt. 1.5 Expendltura Liabllities and all expenses are induded in the statent of Fin2n(aal Activities on an accrua15 basis. Costs of generating funds comprise the costs associaled with attracting voluntary income and Ihe costs of trading for fundraising purposes. 11
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Accounting policles (Contlnued) Charltable expenditure comprises those cosls incurred by Ihe charity in the delivery of ils activities and services for its beneficiartes. It indudes both costs that can be allocated directly to such activities and those costs of an indirect nalure necessary to support them. 1.6 Financial instruments The charity has electèd to apply the provisions of Section 11 'Basic Financial Instruments, and Seolion 12 'other Financial Instnjments Issues, of FRS 102 lo all of ils financial instrumenls. Financial instruments are recogni5ed in the tharilys balance sheet when the charity becomes party to the contractual provisions of the instrument. Flnancial assets and liabilities are offset, with Ihe net amounts presenled in the financial slatements, when there is a legally enforceable right to set off the r6cognised amounts and there is an intention to Settle on a net basis or to realise the asset and settle the liability simultaneously. Basic linancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaclion costs and are subsequently carried at amortised cost using the effective inleresl method unless the aangement constitutes a financing transaclion, where Ihe tran5aclion is measured at the presenl value of the fulure receipts discounted al a market rate of interest. Financial 85sgIs classified as receivable within one year are not amortised. Basic financial Jiabilities 8asic financial liabilities, including trade and other PaYabs, are inittalEy recognised al transaction price unless the arrangement constitutes a financing transaclion. where the debt instrumenl is measured at the present value of the ftAture receipts discounled al a market rate of interest. Debt instrumenls are subsequently carried al amortised cost, using Ihe effeclive interest rate method. Derecognition of financlal Ilabllltles Financial liabilities are derecognised when the charity's conlraclual obligation5 expire or are discharged or cancelled. Critical accounting estimates and judgements In the applicalion of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical expèrience and other fadors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongolng basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 12-
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PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Income from charltable activitlos Unrestrlcted Unrestricted funds funds general deslgnated 2025 2025 Total Unrestricted Unrestricted funds funds genoral designated Total 2025 2024 2024 2024 Cholr Choir Appeal Sale of crafts 7,850 7.850 {866) 4.167 4,167 33,207 (866) 33,207 7,850 (866) 6,984 4,167 33.207 37,374 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Inlerest receivable 183 Expenditure on ralsing funds Unrestricted Restricted funds funds deslgnated 2025 Total Unr05tricted Restricted funds funds designated 2024 Total 2026 2025 2024 2024 Raising Funds Cholr tour travel other fundraising cosls 11,743 11.743 15,647 23 11,937 27,584 23 11.743 11.743 15,670 11,937 27,607 14-
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Charltable activities Uganda 2025 Uganda 2024 MPCCF 117,742 87,592 Share of support costs (see note 8) Share of governance costs (see note 8) 2,647 4,980 4,213 4.740 125,369 96,545 Analysls by fund Unrestricted funds general Unrestricted fund8 - designated Restricted funds 7,320 88,377 29,672 8,328 75,220 12,997 125,369 95,545 For the year ended 28 February 2024 Unrestricted funds - general Unreslricted funds - designated Restricted funds 8,328 75,220 12,997 96,545 Support costs 2025 2024 Basis of allocation Support Support Support Support Support Support Gov8mance Bank Charges Subscriptions and Membership Fees Safeguardiny Costs Insurance IT Gosls Sundry Govemance costs 597 35 307 442 1,266 1,426 35 625 744 883 500 4.740 4,980 7,627 8,953 Analysed between: Charitable adivities 7.627 8,953 Governance cost includes payments of £4,980 (2024 - £4.740) for independent examiner fees. 15-
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Numbor Total There were rK> employees whose annual remuneration was more than £60,OtKI. l O Trustees None of Ihe Irustees (or any persons connected wth them) received any remuneration or benefits from the charity during the year. No trustees, expenses oc¢urred during the year. 11 Taxatlon The charity is exernpt from taxatlon on its activities because all its in(xNne is applied for charitable purposes. 12 Debtors 2025 2024 Amounts falllng due within one year. Other debtors Prepayments and accrued income 21,557 2,680 17,576 1,012 24,237 18,588 13 Creclitors: amounts falling due wlthin one year 2025 2024 Accruals and deferred income 4.98Q 6,369 16-
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 14 Unrestricted funds - designated These are unrestricted funds which are material to the chariws aclivities. At29 February 2024 Incoming resources Resources expended Transfers At28 February 2025 MPCCF Fund (866) (100.120) 100,986 Prevlous year: At28 February 2023 Incoming rosources Resources expended Trdnsfers At28 February 2024 MPCCF Fund 88,269 (90,890) 2,621 The MPCCF Fund has been designated for the support of the Molly and Paul Childcare Foundalion. 15 Restrlcted funds The restricted funds of the charfty comprise the unexpended balan6 of doniitiorib dnd gtanls lield on trust subject to specific conditions by donors as to how they may be used. At29 February 2024 Incomlng resources Resources expended Transfers At28 February 2025 Kamuzlnda Clinic Kamuzinda Feeding Afripads Backsch Kazumcow Nicole & Bella Buchanan visit Truslee visit 351 2.952 6.720 (6,032) (8.863) 2,729 2,143 3.750 2.120 10.000 3,750 1,455 10,000 597 {665) 1.529 13.092 {932) (13.180} 88 16,221 24.293 (29.672) 4,960 15,802 17
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 5 Restricted funds (Continued) Previous year: At28 February 2023 Incoming resources Resources expended Transfers At28 February 2024 Kamuzinda Clinic Kamuzinda Feeding 'Afripads Kibuye feeding Backsch Kazumcow Choir Tour 2,508 3,857 6,160 (6,014) (6,982) 351 822 3,750 1,977 2,120 3.750 (1,9771 2,120 10,000 10,orx) 11,938 (11.938) 10,355 31,955 (24,934) (1,155) 16,221 Kamuzinda Clinic.. The funds are restricted to be spent on projects to improve access to basic healthcare for children and familitles in Kamuzinda Kamuzinda Feeding- The funds are restriGled to be spent on projeds to support improving the nutrltion of chlldren In schools in Kamuzinda Afripads.. The funds are restricted to be spent on projeds to Improve health, nutrltlon and care Kibuye Feeding.. The funds are restricted to be spent on projects nutrition of children in schools In Klbuyo. Backsch.. The funds are restricted lo be spenl on projects to ensure greater access lo education for Ghildren at risk of not attending school. Kazumcow.. The funds are restricted to be spent on cows for production of milk to supplernent the children's diet and for breeding purposes. Choir Tour.. The funds are restTicled to be spent on vehicle repairs and flights. Nicole & Bella Buchanan visit.. The funds are restricted to be spent on projeds during the visit these individuals undertook. slaff salaries and specified equipment. Trustee visits- The funds are restricted lo be spent on projects during the Iruslees, visit. 16 Analysis of net assets between funds Unrestricted funds 2025 Reslricted funds 2025 Total 2025 At 28 February 2025.. Currenl assetsl(liabililies) 20,300 15,802 36,102 20,3 15,802 36,102 18-
PEARL OF AFRICA CHILD CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 16 Analysis of net assets between funds (Continued) Unrestricted fund5 2024 Restricted funds 2024 Total 2024 At 28 February 2024: Current assetsl(liabilities) 72.597 16,221 88.818 72,597 16,221 88.818 17 Related party transactions The total donalions received from tnjstees during the year was £11,034 {2024- £15.982). During Ihe year Ihe Charity received donations totalling £1.091 (2024 - £1.764) from a Charity of which D Tongue is also a Irustee. 19-