REGISTERED CHARITY NUMBER: 1127661 REPORT OF THE TRUSTEFS AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr MARCH 2024 BUIUIING SCHOOIS FOR AFiUCA East l)thy Kit¢ Hill Wootton Bridge Isk of wIt P033 41A
BUILDING SCHOOLS FOR AFRICA CONTENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MkRCH 2024 Pate Report oftbe Truste I to 2 Independent ExAmlmerfi R•port Statement of Flnan¢W Aedvlt B]an¢¢ Shett Nol¢s to th¢ FIBa¢knl St•l¢••nts 6 10 10 D¢¢aSled Slatem¢nt ofnun¢lAI AthItI¢•
BUILDING SCHOOIS FOR AFRICA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the fllwlcial statements of th¢ Charity for the w ended 3 1st March 2024. The trust¢es have thpted th¢ JKovision$ of A¢counting and Reporting by Charities: Ststement of Recommended Practice applicable to clwities wing their a¢¢ounts in accordanc¢ with the Finan¢ial Rewting Standard applicable in th¢ UK and Republic of Ereland (FRS 102) (¢ffectiv¢ l January 2019). Objectives of the Cbarity Incl¢. A. The adVanCemt of atIon in Afric B. The advancement of k81th in Afric& C. The relief of poverty in AfricL Activities include fundraising events in order io financ¢ the building of schools, toilets and the provision of ¢lean water in Cameroon in collattIon with prtherNGO SHUMAS (Cameroon). ACHIEVEMENT AND PERFORMANCE Thwe has been little clwige in the twin challenges of on{MIC doWnrn and civil unrest in cymeroo bu¢ there are some hopeful SI of improvemenL Althougb there ate still piOdS of lockdown in the anglophone are4 travel around the Country is a littl¢ 8•¢T and violent ¢onflict is less in eviden¢ The charity has continued lo • inteTn81ty displxed peop14 eycialty with the Empowernient for Educalion progrwnm4 whic14 this year, the sponsorship of aner So women. Funding has tho been obtained for an antenatsl and child health annexe whi¢h should be completed during the next few and nmny of the b•efKiwies of this serYi¢c will be women from the IDP community. Howev¢r, BSFA also continues UTrdee ¢apital sch1 projects Wlth thre¢ schools being funded this year• including OUT largest¢ver nin¢-classroom construdion with money fer six ¢lassrooms MITrg from the charity and three fUled by th¢ community. a 8CAid exwnple of pllrticipatory development. We also continu¢ to fund various water projects with one borehole completed and onc enlarged catchment schem¢ underway. BSFA has shown optimism ith the firture by cffaling a new website. a Noject that has been h¢d by Stuart (trustee) Ind which is almost complete. A$ thlways we thank our most generous donors withcwt whom non¢ of this would be possibk and it is so heart¢nin& year on year to Work with individual&families and l)usinesses who hav¢ caught the vision of sharing wealth for th¢ benefit of others. Despitr the many ch8lleng¢s. th¢ ¢harity In&In$ fin8nci&lly viabk and ¢apabl¢ of continuing to fund humaniwian and development projects into the n¢xt year and beyc•d. Thanks to all tntee3 for their loyalty, pers¢¥¢¢ and h8rd work and to Kat4 our indefatigable Minuie Secretary. As alway4 thank )Y>u to MAriann¢ fLY keeping the ship on Crse. FINANCIAL REVIEW The totsl incoming tesouTf¢S for the year amounted £209,139 (2023 - £48260). while tot•l resourc¢s cxpended amounted to £135214 (2023 - £80.1461 This produced a nd surplusl(defi¢it) of £73925 (2023 (£31,886)). It 15 the poli¢y of the Charity to tId reserves Ixrt tr4nsfer on a proje¢l by Project basis when appropriate. Page I
BUILDING SCHOOIS FOR AFRICA REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31sr MARCH 2024 STRucfuRL GOVERNANCE AND MANAGEM The Charity was in D¢¢¢mber 21x18 by trust d¢ed and registered as a charity in January 2(X)9. The Charity works closely with a partsw organisation, Strategic Humanitsrian S¢rYice5 (SHUMAS) of Cam¢TOOn. Future tnotees are appointed for a terni of fiv¢ years by a resolution of the passed at a meeting ealled under¢iause 15 of the trust docufflL Registered Cb*rity n•mber 1127661 PrindpAI Addre W¢stbrook Cott Pondw¢ll Hill Ryde tsle of Wi8lA P033 IPY Trn$¢ees N W T Hayward I S Johnson Mrs M Jolllwn Dr J S Moor¢ S A Whitman A G Hindle Independent Examimr Elizabdh Dack FCA FCCA HarTison Bl•ck Limited East Quay Wootton Bridge Isle of Wight P033 4LA Approved by order of th¢ tthrd of trUets <xi ......... signed on its behalf by: NWT
INDEPENDENf EXAMINER'S REpoirr TO THE TRUSTEES OF BUILDllYG SCHOOIS FOR AFRICA Ind¢pendent examiner's report to ihe trnstee¥ ofBuildlng S¢hoo18 For Afr&ea I report to the charity tTUStees on my examination of the accounts of Building Schools For Africa (the Trust) for th¢ year ended 3 1st Mch 2024. Responsiblllties #nd bwis of report As the charity tntee5 of the Trusl you are responsible for the preparation of the accounts in a¢eordan¢e with th¢ requir¢ments of the Charities A¢t 2011 Cthe Act). I report in r¢spect of my examination of the Trnsts a¢nts Chrried out under Section145 of the A¢t and in ¢aTrying out my examination I hav¢ followed all appli¢abl¢ Dir¢¢tions given by the Charity Commission nd¢r Section 145(5Xb} of the ACL Independent ¢miner'S stt¢menl I have completed my ¢xaminatton. I confirni that no material matter5 have ¢ome to my att¢ntion in nnection with the examinktion giving me cau5¢ to b¢lieve ihat in any material r¢spect: ac¢ountin8 record5 were not kept in respect of th¢ Trust as required by S¢¢tion 130 of th¢ Act; or the a¢¢ounts do not accord with those records; or the accounts do not comply with th¢ applicable requirements concmiing th¢ ftirni and connt of accounts set t in the Charities (Accounts and Reports) R¢8ulations 2008 other than any requiTement that the accounts give 2 true and fair vi¢w which is nc* a matter consid¢Ted as part of an independent examination. I hav¢ no concerns and have com¢ across no other matters in Connection with the cxamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to b¢ reached. Elizabeth Da¢k FCA FCCA Harrison Black Limited East Quay Kite Hill Wfy)tton Bridge Isle of Wight P033 4LA 4JWth¥ Date: .. Pa8¢ 3
BUILDING SCHOOLS FOR AFRICA STATEMENT OF FINANCL4L AcrivrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl 2023 unstr1¢tl Re51ricted fund5 INCOME AND ENDOWMENTS FROM Donation8 and1¢8acies 2W.139 209,139 48260 EXPENDITURE ON Rtslni funds Raising donations WMI leBaci#s 1,047 1,047 716 lJ147 1.047 716 Charltable Aetlvld Ovtrseas 0jeCts 134,167 134167 79,430 To¢al 135314 135314 80.146 NET INCOMEI(EXPENDITURE) 73925 73925 (31,886) RECONCILIATION OF FUNDS To1 funds brou8ht fonvard 2V90 24.490 56.376 TOTAL FUNDS CARRIED FORWARD 9&413 98,415 24.490 The nos forni part of these fula1 Slaemenis
BUILDING SCHOOLS FOR AFRICA BALANCE SHErr 31ST MARCH 2024 2023 unrestri Rtstricl¢d Totsl fut •di funds DeorS Cash a¢ bank 98A15 9VIS 23.079 9V15 9&415 24.490 9ViS 98815 24.490 TOTAL ASSETS LESS CURRENT 9V15 98hlS 24.490 NET ASSETS 9&415 9&415 24,490 Unrestricted funds 98h15 24,490 TOTAL FUNDS 98,415 24.490 The cial ¢mMts were approved by the B0d of Trust¢eJ and authori8 for issue on .. and were SI (m its h1]r by: HaVard- Tru8te¢ M Johnson- Tnte¢ The notes fm Fwrt of thes¢ finan¢ial ststem¢nts Page 5
BUILDING SCHOOiS FOR AFRtCA FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POIJCILS Bayls ofpreprlnz the funlI statements The financial ststements of the charity. which is a public ben¢fit entity under FRS 102. have b¢¢n prepAred in accordance with the Clwities SORP (FRS 102) 'Ac¢ountins and R¢portiDg by Charities: Stst¢ment of Recommended PTactice applicabk to rharities waring their a¢urtts in accordan¢¢ with the Financial Repmlrting Standard applicable in the UK and R¢publi¢ of Ir¢land (FRS 102) (effective l January 2019y. Financial RertIng Standard 102 'The Financial Reporting Stsndard applicabk in the UK and RepubliG of I14nd, and th¢ Chariti¢S Act 2011. Tr rinancial statements have been prepared under the historical eost ¢ventIon. ID¢ome All income is recognised in the Slateml of Financial A¢tivitics oKe th¢ ¢harity has ¢ntitl¢ment to the funds, it is probabk that the incomc will be received and the amourtt can be mAsured reliably. Eypendithre Liabilities aTe renIsed as ¢xFndilure as soon •s there is a legal or constrUCtiv¢ obligation Committing the charity to that expenditure, it is wob8bl¢ thai a transfer of ec0MlC benefits will be r¢quired in settlemcrf and the amount of the obligation ¢)n rneasu reliably. Expenditure is a¢eountd for on an XCTuals basis and has been cl8ssifd under headings that a8gre8at¢ all cost related to the category. Whar ¢osts ¢•nnot be directly attributed to particular headings they hav¢ ien all(K4ted to a¢tiviti¢s on a basis consistent with the use of resour Taxatlon The charity is exempt from tax (M) its ¢haritabk activities. Fund aceoundng Unrestricted funds can b¢ used in a¢c(Ydancc with the ¢haritsble objectives at the discretion of the Irustees. Rthict¢d fiumls can (xdy b¢ used fv particular restrictd purposes within the objects of the charity. Re*riction5 •xise specifd by the th)nor or when fund5 •re raised for pirticular restricted purpose Further explanation of the oatyye and purpose of each fvnd is inclytsl in the n(>tes to the financial statements. Pase 6 eon¢inued...
BUILDING SCHOOLS FOR AFRtCA NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR EIWED 31ST MARCH 2024 RAISING DONATIONS AND LEGACIES 2024 2023 Just Giving char8C Support costs 216 831 216 500 1,047 716 GOVERNANCE COSTS Accountancy ¢osts met by Harrison Black Accountsnts via donation. TRUE[SI REMUNERATION AND BENEFITS There were no trnst¢es' remun¢ration or other bcnefits for the year ended 31 st March 2024 nor for th¢ y¢ar ended 31st MAr¢h 2023. Trust•e8' ¢xpen Tru*#S ¢xpenKs for th¢ year totslled £nil (2023 - £nil). STAFF cosrs The av¢ra8e monthly number of ¢mploy¢es during the year was as follows: 2024 2023 No employ$ re¢¢ived emoluments in exc¢sg of £60,000. COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfIviTIES Unrestrictsd R¢strict¢d fund fund Total funds NCOME AND ENDOWMEP4TS FROM Donations and legaGies 48,260 48260 EXPENDITURE ON Raising fulld8 Raising donations and legacles 716 716 716 716 ChArithble a¢tivlti Oversea5 projects 79,430 79.430 Totsl 80,146 80,146 Page 7 ¢ontinued...
BUILDING SCHOOLS FOR AFRICA NOTES TO THE FINANCIAL ATEMENTS. conthimed FOR THE YEAR ENDED 31ST MARCH 2024 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL A1vITIEs. continned fund fund funds (31.886) (31,886) RECONCILIATION OF FUNDS Total funds brought forward 56J76 56,376 TOTAL FUNDS CARRIED FORWARD 24.490 24.490 2023 Other debtots movement in fithds At 31.3.24 At1.4.23 Unrestricted funds 24N90 73,925 98N15 TOTAL FUNDS 24A90 73925 98,41S Net movemMI in fimds included in th¢ above are as follows: In¢oming Resour¢¢s Movement in funds Unrejtrieted fuads Genernl fund 209.139 (13&214) 73925 TOTAL FUNDS 209.139 (135314) 73,925 Page 8
BUILDING SCHOOLS FOR AFRICA IYOTES TO THE FINANCIAL ATEMErs. eonliwwed FOR ThE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS. thnthiwed ComparAthies for Move1 In f•nd¥ Net movement in funds At 1.422 31,3.23 UDrestrlet¢d fllnds G¢neral fund 56J76 (31,886) 24.490 56J76 (31.886) 24.490 Comparntive net movement in funds included in the altht are As follows: Incomin8 Resources Movemeni r¢soU¢S expended in funds Unmtrlcl¢d fuBd• Oenernl fund 4&260 (80.146) (31,886> 48.260 (80,146) (31,886) A Gurrent year 12 months and wior )w 12 months ¢LMnbined position is 15 follows: Nel movement in funds Ai 31J.24 At 1.422 Umrestrkted f*Dd• Gencrnl fund 56,376 42.039 98.415 56,376 42.039 98,415 Pa8e 9 continued...
BUILDING SCHOOIS FOR AFRICA NOTES TO THE FINANCIAL ATEMENTs. ¢MflnMed FOR THE YEAR KNDED 31sr MARCH 21n4 MOVEMENT IN FUNDS. eontlA•ed A current year 12 months and prior )tar 12 months combined net movement in fund4 in¢luded in thc above are 85 follows: I1$ Res(MrS Movem¢nt UnreJtrlcted fttnds Genernl fimd 257J99 (215J60) 41039 TOTAL FUNDS 257J99 (215,360) 42.039 There were no related wty transactions for the )tar ended 3 IA March 2024. Pa8e 10
BUILDING SCHOOLS FOR AFRICA DETAILED STATEMENf OF FINANCIAL ACllVITIES FOR ThE YEAR ENDED 31 MARCH 2024 2024 2023 COME AND ENDOWMENrs l)oDatiOO8 and leg4eles Donations Gift aid ¢l#imed Corporal¢ Donations 19?70 620 189.149 12,701 (14,441) 50,000 209,139 48.260 Total Incomlng r¢8ourttJ 209.139 48260 EXPENDITURE RAi¥iDg donatRons and legAcles J$1 Givin8 charge 216 216 Ch*rltsble aetfvltles Overseas Projects Travel ¢xpenses 134.167 77J60 1,818 134,167 79.178 Support costs Flnanee Bank charg¢s 331 252 Gov¢rnAnce Costs Account4n¢y soo Total Tesources expended 135314 80.146 Net IDcomel(expellditsre) 73,925 (31,886) This pag¢ does not forni part of the statutory financial statem¢nts Pagell