## ## ## ## ## ## ||||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| ||office is 20 Chapmore End, Ware, Hertfordshire,
SG12 OHF.| ||Every member ofthe company
undertakes
to contribute
in a winding
up a sum not exceeding f10 whilst
they are a| ||member, or within one year after ceasing to be amember,
towards
debts and liabilities
contracted before ceasing to be a| ||member.| |1.1|Accounting
convention| ||The financial
statements
have been prepared
in accordance with the Foundation's
articles ofassociation,
the Companies| ||Act 2006 and "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)"(as amended
for accounting
periods commencing
Iiom 1 January 2016).The Foundation
is a Public| ||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.| ||The financial
statements
are prepared
in sterling,
which is the functional
currency ofthe Foundation.
Monetary
amounts| ||in these financial
statements
are rounded to the nearest X.| ||The financial
statements
have been prepared
under
the historical
cost convention.
The prmcipal
accounting
policies| ||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| ||Foundation
will continue
in operational
existence for the foreseeable
future, however,
the trustees
are aware ofcertain| ||material uncertainties
which may cause doubt on the Foundation's
ability to continue as agoing concern.| |1.3|Charitable
funds| ||Unrestricted
funds are available for use at the discretion ofthe trustees
in furtherance oftheir charitable objectives.| ||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.| ||Endowment
funds are subject to specific conditions
by donors that the capital must be maintained
by the Foundation.| |1.4|Income| ||Income is recognised
when the Foundation
is legally
entitled to it after any performance
conditions
have been met, the| ||amounts
can be measured
reliably, and it is probable that income will be received.| ||Cash donations
are recognised
on receipt. Other donations
are recognised
once the Foundation
has been notified ofthe| ||donation,
unless performance
conditions
require
deferral ofthe amount.
Income tax recoverable
in relation to donations| ||received under Gift Aid is recognised
at the time ofthe donation.| |1.5|Expenditure| ||All expenditure
is accounted
for on an accruals basis and has been categorised
under
headings
that aggregate
all costs| ||related to the category. Expenditure
is recognised
where there is a legal or constructive
obligation to make payments
to| ||third parties, it is probable that the settlement
will be required
and the amount ofthe obligation
can be measured
reliably.| ||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| ##