Inga Foundation Charity No 1124688 Financial Statements For the Period Ended 31st March 2022 Lantydrod( Accountancy Practs'ce Ltd 8 Queen Street LosthI81 Comwall PL22 OAB
Inga Foundation Financial Statements For the Period Ended 31st March 2022 Contents Page Charity Infoation Trustees Report Independent Examiners Report Statement of Financial Acbvrties Balance Sheet Notes
Inga Foundation Financial Statements For the Period Ended 31st March 2022 Registered Charity number 1124688 Directorsrrrustees Mlchaol Hands Terence Pennlngton Tlmothy Bayllss-smlth Wllllam Vanderbllt Contact Address Hlgher Penhale Lostwlthlel Cornwall PL22 OHY Bankers Lloyd8 TSB Fore Streot Lostwlthlal Accountant and Independent Examiner Lanhydrock Accountancy Practlc• Ltd 6 Queen Street Lostwlthlel Comwall PL22 OAB Page I
INGA FOUNDATION TRUSTEES. ANNUAL REPORT FOR THE PERIOD ENDED 31ST MARCH 2022 Hlstory, Objectives and activities of th• Charity The charity was first formed on 22rKI August 2007". Charty C(xnmission gIStratIon no. 1124688. The objedives of the Gharity are.. The education of the general publi¢ in agroforesty techniques and in particular but without prejudice to the generality of the foregoing-. to promote the Inga theories of alley cropping in the neo-tropical areas of central America and other humid tropic sites around the world,. to support the work of the demonstration farms. associated seed banks and on-fami trials established by the Universty of Cambridge Inga Research Project and its partners., to increase the knowledge understsnding and apprttiation of nOnOvernmental organisations, communty and faming organisalions. of any matters relating to subsist8n¢e agriculture, foresty, horticulture, silvicullure, agronomics and land management, and to make available. or to facilitate the encouragement of the provision of acce88 to, any demonstration projects, research or educational matenals relating to the objects. The main activty in delivering this obj'ethve will be the support of specrfic projects in Central America. Management and Govèrnance arrangements The constrtution requires that there be no fewer than three trustees and a maximum of 7. The Trustees during the year were.. Michael Hands Terence Pennington Timothy Bayliss-smith Iliam Vanderbi Trustèes are appointed by ordinary resolution of the Board of Trustee8. The Board of Trustees holds regular meetings and is required to hold at least two per year. Risks to the charrty are revWed and policy set at these meetings. Procedures and policy for grantrymaklng Projects which the charty may wsh to support are discussed and evaluated by the Board of Trustees and are assessed according to their contribution towards the objectives of the charity. Achlovements and perfomiance of tho Trust Field operations in our target countries have continued in exact accordance with th8 Stated Objects of the Charitable Trust. The main highlights of the year are.. Extension work to subsistence famiing families has continued in the Foundation, principal project area in IAYO nver catthments on the Cordillera Nombre de Dios Honduras, as planned. Much of this has involved existing families extending their plantings. Page 2
In Madagascar, Davis Randriamampionona conts'nues to Introdu his Aca¢ia-based system to the communrties around his base at Ifarantsa. In Honduras, ¥ estimate that the totsl number of trees planted since 2012, in all configurations of the Guama Model, is now around 5 million. Increasing Int&st has been shown in the Guama Model by other Govemment agencies in Honduras. These include.. Foresty: Food Secunty and Agnculture. The Foundation was entrusted by the lo¢al Agricuiture Ministy (SAG) to distribute many tonnes of fertilizer and seed of basic grains. These were donated to "Guam8ro" families in both tiver valleys. Similady. the quasi-govemment agency CREDIA entrusted us to distribute tools and equipment CO8ting $48,000. Inga Foundation (USA) continues to give invaluable support in fund¥aising. The Foundation has an agreement with the German coffee chain Tchibo and their Honduran intemiediary Beneficio de Café Montecnsto S.A. {BECAMO) to train pairs of technicians and coffee famiers in Inga agroforestry as a means of diversrfying produdion and imparting resilience to climatic extremes on their 8mallholding8. The 12 ha. demonstration fam at Las Flores in the Cuero valley 18 now fulfilling its function in demonstrating all Gomponents of the Guama Model. The old decayin9 house has been razed and has been replaced by a more substantial structure capable of housing small numbers of visitors. Flnanclal rovlew The charity has raised signfficant funds and has continued to 8UPPOrt its main charitable projects. The charity has made a deficit in the year of £16.055. Thi$ has bèen funded from brought forward. Th8 charrty holds reseNe8 of £35.202. Signed on behalf of the TNstees IG Mike Hands (Trustee) Page 3
In a Foundation Inde endent Examinerfs Re ort to the Trustees I report on the accounts of the Inga Foundatson for the period ended 31* March 2022, which are set out on pages 5 to 9. ReSpeve responsibilities of tntee9 and examlner The charity's trustees consider that an audrt is not required for this year under the Charrties Act 2011 (the Act) and that an independent examination is need&J. It is my responsibilty to.. examine the accounts.. to follow the procedures laKI down in the General Directions given by the Charty Commission. and to state whether particular matters have come to my attention. Basis of the independent examIno3 report My examination was carned out in accordance with the Gerwal Directions given by th8 Charity Commissioners. An examination includes a revi8w of the accounts'ng rècords kept by the charity arKI a Comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evKlence that would be required in an audit, and consequently I do not express an alt OnIOn on the view given by the ac¢ounts. Indendant examlnerfs statement In the course of my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in. any material respect, the truste8s have not met the requirements to ensure that.. proper accounting records are kept in accordan with the Act: and o accounts are prepared which agree with the accounting re¢ords and ompty wrth the accounting requirements of the Act., or (2) to which, in my opinion. attention should be drawn in order to enable a proper urKlerstanding of the accounts to be reached. Brian Smith aA CPFA Lanhydrock ACuntancY Practio Ltd 6 Queen Street LOSrthle1 Comwall PL22 OAB Page 4
a Foundation Statement of Financial Activities For the Period Ended 31st March 2022 UnreStrfc Re8trktod Fund• Funds 2022 2022 Totsl Funds Total Fund• 2022 2021 In¢omlng re80ure•s Voluntary incom8.' Donations and Grants Acts'vitses for generating funds Investment income 69,559 69,559 68,692 Total Ineomlng rn•ourca• 69,559 69,5S9 68,692 Ra8ource8 •xponded Co•ts ot g•n•ratlng fund• 5.716 5,718 443 Ch•rhable a¢tlvftl•• 77.849 77,849 51,734 Govornan co•1• 2.050 2,050 2,723 Totsl rn8ourcM •xp•ndod 85,614 85,614 54,900 Net Incomlng reourcm bofore oth•r rn¢ognl8ed galn• -16.055 -16,055 13,792 Gro88 tran•f•rn b•tw•on fund8 Oth•r r•¢ognl•od galn8 Not movem•nt In fund• -16,065 -16.055 13,792 Reconcllllatlon of funds Total fvnds brought foThvard 51.257 51.257 37,465 Total fund¥ caryiod forward 35,2 51, Page 5
In a Foundation Balance Sheet as at 31st March 2022 2022 Flxed A88ets 1.050 1.401 Current Assets Cash at B8nk Debtors 45,383 68,764 45.383 68,764 Currnnt Uabllltlos Credilorn: amounts lalling due w7trun one ygar 11.232 11.232 18,907 18,907 Net cunt A•8•ts 34.151 49.857 N•t A89•ts 61. Unrn¥trkt•d fund• Rgstrlctod fund* 35,202 51.257 Total fund• The aceA>unt8 on pages 5 to 9 approved by th8 Tru8te68 on 181h Nrnber 2022 Signed on beh4f ol the Trust Michael Hand8 (Tru8te81 Page 6
Foundation Notes to the Financial Statements ccountln Ba818 of Accountlng The financial stateménts have prepared under the histthical ¢>)st a(xountlng rul88 and the statement of Re(x¥nmended PractKe'. Acc¢1 arKI Rewrting by Cttamies 2015. Fund Accountlng Unroslrictfjd funds are availabl& for use at the th8tt8tion of the trustees in lurtherance of the general obiect(ves of the tharity. Desinaled funds are unrestricted funds earmarked by the managent Commrttoe for a partO¢ular purkx)se. Restricted funds are $uL¥'erted to rO8trictsons on their eXdrtrfr imFosed by the ¢Jonor or through t•mi3 of an appeal. Incomlng Rosour¢ AJI incoming resources are IUde in the stalernenl of financial ac1V8$ when thg charity18 entitled lo the Sncome and the amount can be quanlthed rgasonable a¢¢uracy. Tho fdlowng spedtk policie8 ar• applied lo partcul$r cattyories of income" Voluntsry income is received ty way of grants. datiOnS aThl gffts and 18 Irded in full in the Statem•nl of Fin8rKial Ath'vrtl8s receivable. Grants. where entillemenl is not conditr'onal on the dellvery of a speiific porftvmance by the tharity, are reeognised %then the chanty become5 uncondllionally entitled lo the grnnt. Donated serwce$ and facilities arn irKIL#Jed al the value to the chanty ere this can be quantified. The value of servlces provided by volunteers has not been Includ6d in those ar£nts. Investment Income is Included wh4M receiv58. Incoming resour¢6s Irom charrtable tradin9 actiwty are arxountsd for eamed. Incoming re¥ources from grants. where related lo perfonnance and spgcifi¢ deliverable8, are a¢counled for as Ihe charity oams the nght to consideralion by its perfommnce. R••ourGH •xp•nd•d Expenditure 18 recognised on an ac¢rual bass as a lialxlty is Inwrr•J. ExdItre Indudes any VAT vthieh cannot be fully recovered. arby is rePted as part of the gxperKlrture to which rt relates." Costs of generating funds comprise sts a88tsiated attracts'ng volLmlary income and the costs of trading for fundraising purposes. Charitsble expenditure eomprrses those costs ired by th8 tharity in the dellvery of it8 aCtItieS and servlces for ils toneficiaries. It includes costs that can be allocated dIrdY to such activitres and tho¥e costs of an indire¢t nature necessary to support them. Govemance costs include those costs asswated with meeting Ihe eonsttutional and statutory raquirements of the thanty 8rwJ indude the audit fees and c¢ts linked to strategie man8gèment of the charity. All costs arg allocated betsveen the eyperKliture categorres of the SOFA on a basis designed to fflect the use of the resource. Costs relats.ng to a particular acbwty are allo¢ed dirody, others are apwtioned on an appropriate ba*'s Page 7
In a Foundation Notes to the Financial Ststements Debtor8 continued 2022 2021 Trade debtors 3 Crodltor8: amoun1• falllng du¢ wlthln on• year 2022 2021 Trade credit$ Accruals 10.392 18.187 720 Donatlons Un- rn$trfCt Ro8trl¢t•d Funds Funds 2022 2022 Total Fund• 2022 Total Fund8 2021 General donatK)ns Grants Gift Aid 68,091 68,091 67,992 1,468 ,55 1,468 69,559 700 ,69 6 Total Rnourc•• Expgnd•d C08ts dlrnctfy allocalod to actJvftl•s Direct donats'ons to projects Costs incurred on behalf of projects Travd costs 59,348 1,264 4.717 59,348 1,264 4.717 15,000 36,500 Support ¢08t8 allocated to actlvlll•s Website arKI online activrtes costs Public Accountancy and bookkeeky.ng Fundraising fees Legal costs Bank ¢harges Travel costs Depreciation Office expenses Total resources expendgj 750 750 16,459 480 191 4,115 12.344 2,060 191 360 92 1,144 175 92 1,144 350 820 85,614 210 175 467 302 54,900 820 2,050 5.716 77,849 Page 8
In a Foundation Notes to the Financial Statements 6 Dopre¢latlon and Flxed As60ts continued Equipment C08t Balance 1st April 2021 Addib'ons Balance 31•t Mareh 2022 6,943 Depreclation Balance 1st April 2021 Charg8 for Year 8alanc• 31•1 March 2022 5.542 350 5,892 Balance 1st Aprll 2021 1,401 Balan¢• 31•t March 2022 1.051 7 Anaty818 of not aM•ts botw••n fund• G•neral fund• na¢8d RKtrl¢t. lund• •d fund• Total fund8 Tangible fixed a8sat8 Current as$&ts Current liabilith'es 1,051 45,383 -11,232 35, 1,051 45,383 -11,232 35,202 Movem•nt In funds 11 511 Rmtrkted Funds Honduras Project Unr•8trl¢t•d Funds General lunds 51.257 69,560 45.615 35,202 51,257 Total resources expended 51, 57 35,202 9 Tran8actlons wfth related parths There are no tranS"OnS with related parties other than trustees expenses. Page 9