| Page | |||
|---|---|---|---|
| Trustees' report | 1-4 | ||
| Statement oftrustees' | responsibilities | ||
| Independent examiner's |
report | ||
| Statement offinancial | activities | 7-8 | |
| Balance sheet | |||
| Notes to the financial | statements | 10-17 |
| Current financial year | Current financial year | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | ||||||
| Income from: | ||||||
| Donations and legacies |
62,326 | 52,566 | 114,892 | 93,302 | ||
| Other trading activities | 2,026 | |||||
| Total income | 62,326 | 52,566 | 114,892 | 95,328 | ||
| Raising funds | 11,815 | 11,815 | 27,759 | |||
| Charitable activities |
73,001 | 62,749 | 135,750 | 105,382 | ||
| Total resources | expended | 84,816 | 62,749 | 147,565 | 133,141 | |
| Net expenditure | for the year/ | |||||
| Net movement | in funds | (22,490) | (10,183) | (32,673) | (37,813) | |
| Fund balances at 1 January 2022 | 7,911 | 46,114 | 54,025 | 91,838 | ||
| Fund balances | at31December 2022 | (14,579) | 35,931 | 21,352 | 54,025 |
| Prior financial | Prior financial | year | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2021 | 2021 | 2021 | ||||
| Notes | ||||||
| Income from: | ||||||
| Donations and |
legacies | 42,723 | 50,579 | 93,302 | ||
| Other trading | activities | 2,026 | 2,026 | |||
| Total income | 44,749 | 50,579 | 95,328 | |||
| Ex enditure on: | ||||||
| Raising funds | 27,759 | 27,759 | ||||
| Charitable activities |
26,817 | 78,565 | 105,382 | |||
| Total resources | expended | 54,576 | 78,565 | 133,141 | ||
| Net expenditure | for the year/ | |||||
| Net movement | in funds | (9,827) | (27,986) | (37,813) | ||
| Fund balances | at 1 January 2021 | 17,738 | 74,100 | 91,838 | ||
| Fund balances | at31December 2021 | 7,911 | 46,114 | 54,025 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Tangible assets | 1,042 | |||||
| Current assets | ||||||
| Debtors | 13 | 3,504 | ||||
| Cash at bank and in | hand | 36,755 | 62,579 | |||
| 36,755 | 66,083 | |||||
| Creditors: amounts | falling due within one | 14 | ||||
| year | 9,596 | 5,600 | ||||
| Net current assets | 27,159 | 60,483 | ||||
| Total assets less current liabilities | 27,159 | 61,525 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 15 | (5,807) | (7,500) | |||
| Net assets | 21,352 | 54,025 | ||||
| The funds ofthe Foundation | ||||||
| Restricted income funds | 16 | 35,931 | 46,114 | |||
| Unrestricted funds |
(14,579) | 7,911 | ||||
| 21,352 | 54,025 |
| Charity information | |
|---|---|
| African Impact Foundation is aprivate company limited by guarantee incorporated in England and Wales. The registered |
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| office is 20 Chapmore End, Ware, Hertfordshire, SG12 OHF. |
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| Every member ofthe company undertakes to contribute in a winding up a sum not exceeding f10 whilst they are a |
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| member, or within one year after ceasing to be amember, towards debts and liabilities contracted before ceasing to be a |
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| member. | |
| 1.1 | Accounting convention |
| The financial statements have been prepared in accordance with the Foundation's articles ofassociation, the Companies |
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| Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities |
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| preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of |
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| Ireland (FRS 102)"(as amended for accounting periods commencing Iiom 1 January 2016).The Foundation is a Public |
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| Benefit Entity as defined by FRS 102. | |
| The Foundation has taken advantage ofthe provisions in the SORP for charities applying FRS 102Update Bulletin I not to prepare a Statement ofCash Flows. |
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| The financial statements are prepared in sterling, which is the functional currency ofthe Foundation. Monetary amounts |
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| in these financial statements are rounded to the nearest X. |
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| The financial statements have been prepared under the historical cost convention. The prmcipal accounting policies |
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| adopted are set out below. | |
| 1.2 | Going concern |
| These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the |
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| Foundation will continue in operational existence for the foreseeable future, however, the trustees are aware ofcertain |
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| material uncertainties which may cause doubt on the Foundation's ability to continue as agoing concern. |
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| 1.3 | Charitable funds |
| Unrestricted funds are available for use at the discretion ofthe trustees in furtherance oftheir charitable objectives. |
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| Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses ofthe restricted funds are set out in the notes to the financial statements. |
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| Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Foundation. |
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| 1.4 | Income |
| Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met, the |
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| amounts can be measured reliably, and it is probable that income will be received. |
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| Cash donations are recognised on receipt. Other donations are recognised once the Foundation has been notified ofthe |
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| donation, unless performance conditions require deferral ofthe amount. Income tax recoverable in relation to donations |
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| received under Gift Aid is recognised at the time ofthe donation. |
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| 1.5 | Expenditure |
| All expenditure is accounted for on an accruals basis and has been categorised under headings that aggregate all costs |
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| related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to |
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| third parties, it is probable that the settlement will be required and the amount ofthe obligation can be measured reliably. |
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| Irrecoverable VAT is charged as an expense against the activity for which the expenditure arose. |
| Donations | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 2022 | 2021 | ||
| Donations | 47,075 | 52,566 | 99,641 | 71,204 | |
| Internship | income | 15,251 | 15,251 | 22,09S | |
| 62,326 | 52,566 | 114,S92 | 93,302 | ||
| Forthe year ended 31December 2021 | 42,723 | 50,579 | 93,302 |
| 4 | Fundraising | income | income | income | |||
|---|---|---|---|---|---|---|---|
| Total | Unrestricted | ||||||
| funds | |||||||
| 2022 | 2021 | ||||||
| Auction income | 2,026 | ||||||
| 5 | Raising funds | ||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Fundraisin | and | ublici | |||||
| Staging fundraising | events | 11,815 | 879 | ||||
| Cost ofauction item | 756 | ||||||
| Sustainability | staff costs | 26,124 | |||||
| 11,815 | 27,759 | ||||||
| 6 | Charitable | activities | |||||
| 2022 | 2021 | ||||||
| Staffcosts | 34,732 | 31,753 | |||||
| Depreciation | and impairment | 347 | |||||
| Project costs | 62,749 | 46,812 | |||||
| Foreign exchange | (gains)/losses | 904 | |||||
| Travel | 656 | ||||||
| Marketing | 4,026 | 1,307 | |||||
| Interns | 2,238 | 3,678 | |||||
| Bank charges | 644 | 388 | |||||
| Accountancy | 718 | 533 | |||||
| ITexpenses | 2,704 | ||||||
| Tranllng | 1,163 | ||||||
| General expenses | 2,083 | 534 | |||||
| 107,846 | 90,123 | ||||||
| Grant funding | ofactivities (see note 7) | 24,304 | |||||
| Share ofgovernance | costs (see note 8) | 3,600 | 15,259 | ||||
| 135,750 | 105,382 |
| Support | and Governanc | e costs |
|||||
|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | Support costs | Governance | 2021 | ||
| costs | costs | ||||||
| K | |||||||
| Staff costs | 11,659 | 11,659 | |||||
| Accountancy | 3,600 | 3,600 | 3,600 | 3,600 | |||
| 3,600 | 3,600 | 15,259 | 15,259 | ||||
| Analysed | between | ||||||
| Charitable | activities | 3,600 | 3,600 | 15,259 | 15,259 |
| The average | monthly number ofemployees during the ye |
ar was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| 10 | |||
| Employment | costs | 2022 | 2021 |
| Wages and salaries | 34,732 | 69,536 |
| 12 | Tangible fixed assets | Tangible fixed assets | ||||
|---|---|---|---|---|---|---|
| Motor vehicles | ||||||
| At 1January 2022 | 1,852 | |||||
| Disposals | (1,852) | |||||
| At 1January 2022 | 810 | |||||
| Eliminated | in respect | ofdisposals | (810) | |||
| Carrying | amount | |||||
| At 31December 2022 | ||||||
| At 31December 2021 | 1,042 | |||||
| 13 | Debtors | |||||
| 2022 | 2021 | |||||
| Amounts falling due |
within one year: | |||||
| Prepayments and accrued income |
3,504 | |||||
| 14 | Creditors: | amounts | falling due within one year | |||
| 2022 | 2021 | |||||
| Notes | ||||||
| Bank loans | 2,396 | 2,000 | ||||
| Accruals and deferred | income | 7,200 | 3,600 | |||
| 9,596 | 5,600 | |||||
| 15 | Creditors: | amounts | falling due after more than one year | |||
| 2022 | 2021 | |||||
| Notes | ||||||
| Bank loans | 5,807 | 7,500 |
| At 1January | Incoming | Resources | TransfersAt 31December | TransfersAt 31December | ||
|---|---|---|---|---|---|---|
| 2022 | resources | expended | 2022 | |||
| g | ||||||
| South A&ica; Kruger | 2,137 | (2,137) | ||||
| Zambia: Livingstone | 24,415 | (24,415) | ||||
| Zambia: Sponsor A Child | 17,887 | (17,887) | ||||
| Tanzania: Moshi | 1,137 | (1,137) | ||||
| Girl Impact | 538 | (538) | ||||
| The Happy Atrica Foundation | 52,566 | (62,749) | 46,114 | 35,931 | ||
| 46,114 | 52,566 | (62,749) | 35,931 | |||
| Previous year: | At 1January | Incoming | Resources | TransfersAt 31December | ||
| 2021 | resources | expended | 2021 | |||
| g | ||||||
| South Africa: Cape Town | 9,826 | 47 | (533) | (9,340) | ||
| South Africa: St.Lucia | 6,405 | (431) | (5,974) | |||
| South Africa: Kruger | 11,794 | 92 | (9,517) | (232) | 2,137 | |
| Zambia: Livingstone | 21,897 | 10,079 | (12,644) | 5,083 | 24,415 | |
| Zambia: Sponsor AChild | 15,639 | 29,618 | (26,330) | (1,040) | 17,887 | |
| Tanzama: Moshi | 3,060 | 39 | (2,821) | (278) | ||
| Tanzania: Zanzibar | 2,504 | 392 | (74) | (1,685) | 1,137 | |
| Kenya: Masai Mara | 93 | (93) | ||||
| Other | 60 | (60) | ||||
| Girl Impact | 2,822 | 380 | (2,664) | 538 | ||
| Programme development |
and | |||||
| management | 9,932 | (26,155) | 16,223 | |||
| 74,100 | 50,579 | (78,565) | 46,114 |
| At | 1 | January | Incoming | ResourcesAt | 31 | December | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | resources | expended | 2022 | |||||
| General | funds | 7,911 | 62,326 | (84,816) | (14,579) |
| 17 | Unrestricted funds (continued) |
|||||
|---|---|---|---|---|---|---|
| Previous year: | At 1 | January | Incoming | ResourcesAt 31December | ||
| 2021 | resources | expended | 2021 | |||
| General funds | 17,738 | 44,749 | (54,576) | 7,911 | ||
| 18 | Analysis ofnet assets between funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2022 | 2022 | 2022 | ||||
| K | ||||||
| Fund balances at31December 2022 are represented | by: | |||||
| Current assets/(liabilities) | (8,772) | 35,931 | 27,159 | |||
| Long term liabilities | (5,807) | (5,807) | ||||
| (14,579) | 35,931 | 21,352 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2021 | 2021 | 2021 | ||||
| Fund balances at31December 2021are represented | by: | |||||
| Tangible assets | 1,042 | 1,042 | ||||
| Current assets/(liabilities) | 14,369 | 46,114 | 60,483 | |||
| Long term liabilities | (7,500) | (7,500) | ||||
| 7,911 | 46,114 | 54,025 |