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2020-12-31-accounts
|
|
Page |
|
| Report of the Trustees |
1 |
to |
7 |
| Report of the Independent Auditors |
S |
to |
I] |
| Statement of Financial Activities |
|
1 2 |
|
| Balance Sheet |
|
1 3 |
|
| Cash Flow Statement |
|
14 |
|
| Notes to the Cash Flow Statement |
|
1 5 |
|
| Notes to the Financial Statements |
16 |
to |
28 |
| The members of the |
Management Com |
mittee serving during the |
| Trustees |
|
|
| R Bezant |
Treasurer |
|
| N Brighouse |
|
|
| R Brighouse |
|
|
| R Churchill |
|
appointed 020120 |
| J Dale |
Chairman |
|
|
Company |
|
| S Dean |
Secretary |
appointed 260920 |
| M East |
|
|
| M Ford |
|
|
| E Hemmings |
|
resigned 21.02.20 |
| C Lawrence |
|
|
| P Lawrence |
|
|
|
Company |
|
| P Lucas |
Secretary |
resigned 11.07.20 |
| T Routledge |
|
|
| R Walker |
|
|
| S Walker |
|
|
| L Whitehorn |
|
|
| Charity Members |
|
|
| A Brooker |
|
|
| E Brooker |
|
|
| C Kent |
|
|
| S Kent |
|
|
| B Walker |
|
|
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
3 |
706,279 |
186,509 |
892,788 |
601781 |
| Other trading activities |
4 |
4,850 |
- |
4,850 |
3,217 |
| Investment income |
5 |
230 |
- |
230 |
3,254 |
| Other income |
6 |
- |
|
- |
1,664 |
| Total |
|
711,359 |
186,509 |
897,868 |
609,916 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
7 |
4,236 |
- |
4,236 |
8,160 |
| Charitable activities |
8 |
|
|
|
|
| Grants |
|
467,225 |
136,429 |
603,654 |
684,143 |
| Total |
|
471,461 |
136,429 |
607,890 |
692,303 |
| Net gains/(losses) on investments |
|
(31) |
|
(31) |
13 |
| NET INCOME/(EXPENDITURE) |
|
239,867 |
50,080 |
289,947 |
(82,374) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
199,099 |
7,214 |
206,313 |
288,687 |
| TOTAL FUNDS CARRIED FORWARD |
|
438,966 |
57,294 |
496,260 |
206,313 |
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
15 |
307 |
- |
307 |
641 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
16 |
989 |
|
989 |
1,575 |
| Debtors |
17 |
305,178 |
|
305,178 |
8,393 |
| Investments |
18 |
42 |
|
42 |
73 |
| Cash at bank |
|
658,915 |
57,294 |
716,209 |
619,844 |
|
|
965,124 |
57,294 |
1,022,418 |
629,885 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
1 9 |
(526.465) |
|
(526,465) |
(424,213) |
| NET CURRENT ASSETS |
|
438,659 |
57,294 |
495,953 |
205,672 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
438,966 |
57,294 |
496,260 |
206,313 |
| NET ASSETS |
|
438,966 |
57,294 |
496,260 |
206,313 |
| FUNDS |
20 |
|
|
|
|
| Unrestricted funds |
|
|
|
438,966 |
1 99,099 |
| Restricted funds |
|
|
|
57,294 |
7,214 |
| TOTAL FUNDS |
|
|
|
496,260 |
206,313 |
|
|
2020 |
2019 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
1 |
96,135 |
(41602) |
| Net cash provided by/(used in) operating activities |
|
96,135 |
(41602) |
| Cash flows from investing activities |
|
|
|
| Purchase of tangible fixed assets |
|
- |
(669) |
| Interest received |
|
230 |
3254 |
| Net cash provided by investing activities |
|
230 |
2585 |
| Change in cash and cash equivalents |
|
|
|
| in the reporting period |
|
96,365 |
(39,017) |
| Cash and cash equivalents at the |
|
|
|
| beginning of the reporting period |
|
619.844 |
658,861 |
| Cash and cash equivalents at the end |
|
|
|
| of the reporting period |
|
716,209 |
619,844 |
| ACTIVITIES |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Net income/(expenditure) for the reporting period (as per the |
|
|
| Statement of Financial Activities) |
289,947 |
(82,374) |
| Adjustments for: |
|
|
| Depreciation charges |
334 |
28 |
| Losses/(gain) on investments |
31 |
(13) |
| Interest received |
(230) |
(3,254) |
| Decrease/(increase) in stocks |
586 |
(489) |
| (Increase)/decrease in debtors |
(296,785) |
168,919 |
| Increase/(decrease) in creditors |
1 02,252 |
(124,419) |
| Net cash provided by/(used in) operations |
96,135 |
(41,602) |
| ANALYSIS OF CHANCES IN NET FUNDS |
|
|
|
|
|
At 1/1/20 |
Cash |
flow |
At 31/12/20 |
|
£ |
£ |
|
£ |
| Net cash |
|
|
|
|
| Cash at bank |
619,844 |
96,365 |
|
716,209 |
|
619,844 |
96,365 |
|
716,209 |
| Liquid resources |
|
|
|
|
| Deposits included in cash |
- |
|
|
- |
| Current asset investments |
73 |
|
(31) |
42 |
|
73 |
|
(31) |
42 |
| Total |
619,917 |
96,334 |
|
716,251 |
| DONATIONS AND LEGACIES |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Donations |
214,898 |
204,103 |
| Gift aid |
53,745 |
51,026 |
| Legacies |
107,410 |
34,624 |
| Other donations |
516,735 |
312,028 |
|
892,788 |
601,781 |
| OTHER TRADING ACTIVITIES |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Sales of promotional goods |
4,850 |
3,217 |
| INVESTMENT INCOME |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Dividend income |
. |
4 |
| Bank interest |
230 |
3,250 |
|
230 |
3,254 |
| 6. |
OTHER INCOME |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Bank charges recovered |
|
|
- |
1014 |
|
Bank goodwill payment |
|
|
- |
650 |
|
|
|
|
- |
1664 |
| 7. |
RAISING FUNDS |
|
|
|
|
|
Raising donations and legacies |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Production and postage of newsletter |
|
|
1,894 |
3,429 |
|
Other publicity expenditure |
|
|
548 |
2,837 |
|
Website design and maintenance |
|
|
|
500 |
|
|
|
|
2,442 |
6766 |
|
Other trading activities |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Purchases |
|
|
1,794 |
1,394 |
|
Aggregate amounts |
|
|
4,236 |
8160 |
| 8. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
|
Grant |
|
|
|
|
|
funding of |
|
|
|
|
Direct |
activities |
Support |
|
|
|
Costs (see |
(see note |
costs (see |
|
|
|
note 9) |
1 0) |
note 11) |
Totals |
|
|
£ |
£ |
£ |
I |
|
Grants |
10,633 |
584,478 |
8.543 |
603,654 |
| 9. |
DIRECT COSTS OF CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Trustees’ expenses |
|
|
5,685 |
1 |
|
Members overseas travel |
|
|
90 |
899 |
|
Bank charges |
|
|
3,093 |
3,291 |
|
Stationery and printing |
|
|
458 |
1,337 |
|
Sundry expenses |
|
|
652 |
274 |
|
insurance |
|
|
655 |
651 |
|
|
|
|
10,633 |
17329 |
RANTS PAYABLE
he total grants paid to institutions during the year was as follows: |
|
|
|
2020 |
2019 |
|
£ |
£ |
| LONGTERM PROJECTS |
|
|
| Complex projects |
|
|
| Christadelphian School, Benakuma and Bodou |
18,586 |
8,126 |
| Christadelphian Centre for the Blind and Disabled, Mbwengi |
5,985 |
13,027 |
| Christadelphian MaD Academy, Monrovia |
|
48,384 |
| Crown City School Chwele |
33,879 |
32,733 |
| Lela Children’s Home |
89,091 |
32,081 |
| Nalondo CBM Primary School |
80,326 |
80,263 |
| Christadelphian MaD Streetkids, Freetown |
28,207 |
27,161 |
| Talia Primary School |
22,512 |
26,769 |
| Timboni Tiva Children’s Home and School |
136,196 |
1 53,524 |
|
414,782 |
422,068 |
| Pre-school and Feeding |
|
|
| Kibera CBM School |
21,254 |
25,072 |
| Umoja Boyani School and ECD |
9,043 |
12,964 |
| ECD Feeding Programme |
63,605 |
49,963 |
|
93,902 |
87,999 |
| Community |
|
|
| Adult Literacy Centres |
6,395 |
6,753 |
| Lakka TB and Leprosy clinic |
1,423 |
1,332 |
| FSH Bukavu |
3,134 |
3,041 |
| Medicines and maternity clinics |
970 |
955 |
|
11,922 |
12,081 |
| Through partners |
|
|
| Whizz Kids United |
25,000 |
35,035 |
| TOTAL LONCTERM PROJECTS |
545,606 |
557,183 |
| OTHER PROJECTS |
|
|
| Direct projects |
|
|
| Tole Water Project, Cameroon |
|
722 |
| Bore holes, Uganda and Senegal |
6,907 |
|
| Food Aid Cameroon |
|
14,339 |
| Talia Community well and hygiene |
8,452 |
|
| Other grants each less than £5,000 in current year |
761 |
5,444 |
|
16,120 |
20,505 |
| THROUGH PARTNERS |
|
|
| Ashanti, Ghana |
450 |
|
| Christadelphian Bible Mission, Mozambique Wells |
|
7,820 |
| Christine Witcutt Home Visiting Service |
22,867 |
22,065 |
Help Refugees
— Greece |
2,244 |
30,000 |
| Partners in Education |
10,500 |
|
| Shining Hope for Communities, Kenya |
|
9,993 |
| Village Water, Mozambique and Zambia |
500 |
|
| Whizz Kids United projects |
13,813 |
16,000 |
|
50,374 |
85,878 |
| TOTAL OTHER PROJECTS |
66,494 |
106,383 |
|
2020 |
2019 |
|
£ |
£ |
| SUMMARY |
|
|
| TOTAL LONCTERM PROJECTS |
543,606 |
557,183 |
| TOTAL OTHER PROJECTS |
66,494 |
106,383 |
| Unallocated exchange rate differences |
(27,622) |
(6,1 34) |
|
584,478 |
657,432 |
| SUPPORT COSTS |
|
|
|
|
Governance |
|
|
costs |
|
|
£ |
| Grants |
|
8,543 |
| Support costs, included in the above, are as follows: |
|
|
| Governance costs |
|
|
|
2020 |
2019 |
|
|
Total |
|
Grants |
activities |
|
£ |
£ |
| Trustees expenses |
- |
1,443 |
| Auditors’ remuneration |
6,960 |
6,690 |
| Insurance |
1,061 |
911 |
| Company registration fees |
13 |
135 |
| IT support |
175 |
175 |
| Depreciation of tangible fixed assets |
334 |
28 |
|
8,543 |
9,382 |
| Net income/( |
expenditure) is stated after charging/(cr |
editing): |
|
|
|
2020 |
2019 |
|
|
L |
£ |
| Auditors’ remuneration |
|
6,960 |
6,690 |
| Depreciation |
- owned assets |
334 |
28 |
| 2020 |
2019 |
| £ |
£ |
| 5,685 |
2,320 |
| COMPARATIVES FOR THE STATEMENT OF FINA |
NCIAL ACTIVITIES |
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Donations and legacies |
519,973 |
81 808 |
601,781 |
| Other trading activities |
3,217 |
- |
3,217 |
| Investment income |
3,254 |
- |
3,254 |
| Other income |
1,664 |
|
1,664 |
| Total |
528,108 |
81,808 |
609,916 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
8,160 |
- |
8,160 |
| Charitable activities |
|
|
|
| Grants |
587,794 |
96,349 |
684,143 |
| Total |
595,954 |
96,349 |
692,303 |
| Net gains on investments |
13 |
- |
13 |
| NET INCOME/(EXPENDITURE) |
(67,833) |
(14,541) |
(82,374) |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
266,932 |
21,755 |
288,687 |
| TOTAL FUNDS CARRIED FORWARD |
199,099 |
7,214 |
206,313 |
| 1 5. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Computer |
|
|
|
|
equipment |
|
|
|
|
£ |
|
COST |
|
|
|
|
At
1 january 2020 and |
|
|
|
|
31 December2020 |
|
|
669 |
|
DEPRECIATION |
|
|
|
|
At
1 january 2020 |
|
|
28 |
|
Charge for year |
|
|
334 |
|
At 31 December 2020 |
|
|
362 |
|
NET BOOK VALUE |
|
|
|
|
At 31 December 2020 |
|
|
307 |
|
At 31 December 2019 |
|
|
641 |
| 16. |
STOCKS |
|
|
|
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
|
Goods for resale |
|
989 |
1,575 |
| 17. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
|
Gift Aid due from HMRC |
1,995 |
|
3,434 |
|
Trustees’ expense and |
|
|
|
|
travel advance |
|
62 |
57 |
|
Other debtors |
303,121 |
|
4,902 |
|
|
305,178 |
|
8,393 |
|
Other debtors include [298,765 (2019: £nil) in respect of forward currency contracts |
|
|
detailed in not |
|
21 of these financial statements. |
|
|
|
| 18. |
CURRENT ASSET INVESTMENTS |
|
|
|
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
|
Listed investments |
|
42 |
73 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Other creditors |
6,960 |
7,068 |
| Constructive obligations for grant payments |
519,505 |
41 7,143 |
|
526,465 |
424213 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1/1/20 |
in funds |
funds |
31/12/20 |
|
£ |
I |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
156,432 |
239,867 |
42,667 |
438,966 |
| Future Projects |
42,667 |
|
(42,667) |
|
|
199,099 |
239,867 |
- |
438,966 |
| Restricted funds |
|
|
|
|
| Uganda Borehole |
- |
1,002 |
- |
1,002 |
| Timboni Tiva Children’s Home and |
|
|
|
|
| School |
5,247 |
(5,247) |
- |
|
| GHN Hospital Equipment |
450 |
(450) |
. |
- |
| Timboni Chickens |
1,517 |
(1,517) |
- |
|
| Future projects |
- |
50,000 |
|
50,000 |
| Cambodia Displaced Food Aid |
- |
125 |
- |
125 |
| Nalondo Mattresses |
- |
712 |
|
712 |
| Namaondo Water Tank |
- |
608 |
- |
608 |
| Kenya Rainwater |
|
1,042 |
- |
1,042 |
| Mozanibique Village Water |
- |
33 |
- |
35 |
| Senegal Borehole West africa |
|
3,770 |
|
3,770 |
|
7,214 |
50,080 |
|
57,294 |
| TOTAL FUNDS |
206,313 |
289,947 |
|
496,260 |
| Net movement in funds, included in the |
above are as follow |
s: |
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
I |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
71 1,359 |
(471,461) |
(31) |
239,867 |
| Restricted funds |
|
|
|
|
| Other projects |
64,215 |
(64,215) |
- |
- |
| Uganda Borehole |
1 ,002 |
- |
- |
1,002 |
| Timboni Tiva Children’s Home and |
|
|
|
|
| School |
- |
(5,247) |
- |
(5,247) |
| GHN Hospital Equipment |
- |
(450) |
- |
(450) |
| Timboni Chickens |
- |
(1,517) |
- |
(1,517) |
| Future projects |
50,000 |
- |
- |
30,000 |
| Cambodia Displaced Food Aid |
123 |
- |
- |
125 |
| Nalondo Mattresses |
712 |
- |
- |
712 |
| Namaondo Water Tank |
608 |
- |
- |
608 |
| Kenya Rainwater |
1,042 |
- |
- |
1,042 |
| Mozambique Village Water |
35 |
- |
- |
35 |
| Senegal Borehole West africa |
3,770 |
- |
- |
3,770 |
| Lela Home Kamukva |
49,000 |
(49,000) |
- |
- |
| SAF Africaid Whizz Kids |
16,000 |
(16,000) |
|
- |
|
186,309 |
(136,429) |
|
30,080 |
| TOTAL FUNDS |
897,868 |
(607,890) |
(31) |
289,947 |
| Comparatives for movement in funds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1/1/19 |
in funds |
funds |
31/12/19 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
107,213 |
(67,833) |
117,052 |
156,432 |
| Future Projects |
159,719 |
|
(117,052) |
42,667 |
|
266,932 |
(67,833) |
- |
199,099 |
| Restricted funds |
|
|
|
|
| Timboni Tiva Children’s Home and |
|
|
|
|
| School |
21,755 |
(1 6,308) |
- |
5,247 |
| GHN Hospital Equipment |
- |
450 |
- |
450 |
| Timboni Chickens |
|
1,517 |
|
1,517 |
|
21,755 |
(14,541) |
|
7,214 |
| TOTAL FUNDS |
288,687 |
(82,374) |
|
206,313 |
| Comparative net movement in funds, inc |
luded in the above |
are as follows: |
|
|
|
|
Incoming |
Resources |
Gains |
and |
Movement |
|
resources |
expended |
losses |
|
in funds |
|
f |
£ |
£ |
|
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
528,108 |
(595,954) |
|
13 |
(67833) |
| Restricted funds |
|
|
|
|
|
| Other projects |
79,841 |
(79,841) |
|
- |
- |
| Timboni Tiva Children’s Home and |
|
|
|
|
|
| School |
- |
(16,508) |
|
- |
(16,508) |
| GHN Hospital Equipment |
450 |
|
|
- |
450 |
| Timboni Chickens |
1,517 |
- |
|
- |
1,517 |
|
81,808 |
(96,349) |
|
|
(14,541) |
| TOTAL FUNDS |
609,916 |
(692,303) |
|
13 |
(82,374) |
| A current year 12 months and prior year |
12 months |
combi |
ned position is |
as follows: |
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
At 1/1/19 |
|
in funds |
funds |
31/12/20 |
|
£ |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
107,213 |
|
172,034 |
159,719 |
438,966 |
| Future Projects |
159,719 |
|
- |
(159,719) |
- |
|
266,932 |
|
172,034 |
- |
438,966 |
| Restricted funds |
|
|
|
|
|
| Uganda Borehole |
|
- |
1,002 |
- |
1,002 |
| Timboni Tiva Children’s Home and |
|
|
|
|
|
| School |
21755 |
|
(21,755) |
- |
|
| Future projects |
|
- |
50,000 |
- |
50,000 |
| Cambodia Displaced food Aid |
|
- |
125 |
- |
125 |
| Nalondo Mattresses |
|
- |
712 |
- |
712 |
| Namaondo Water Tank |
|
- |
608 |
- |
608 |
| Kenya Rainwater |
|
- |
1,042 |
- |
1,042 |
| Mozambique Village Water |
|
- |
35 |
- |
35 |
| Senegal Borehole West africa |
|
|
3,770 |
|
3,770 |
|
21,755 |
|
35,539 |
|
57294 |
| TOTAL FUNDS |
288,687 |
|
207,573 |
|
496,260 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
1,239,467 |
(1067415) |
(18) |
172,034 |
| Restricted funds |
|
|
|
|
| Other projects |
144,056 |
(144,056) |
- |
- |
| Uganda Borehole |
1,002 |
- |
- |
1,002 |
| Timboni Tiva Children’s Home and |
|
|
|
|
| School |
- |
(21,755) |
- |
(21,755) |
| GHN Hospital Equipment |
450 |
(450) |
- |
|
| Timboni Chickens |
1,517 |
(1,517) |
- |
- |
| Future projects |
50,000 |
|
|
50,000 |
| Cambodia Displaced Food Aid |
125 |
- |
- |
125 |
| Nalondo Mattresses |
712 |
- |
- |
712 |
| Namaondo Water Tank |
608 |
- |
- |
608 |
| Kenya Rainwater |
1,042 |
- |
- |
1,042 |
| Mozambique Village Water |
35 |
- |
- |
35 |
| Senegal Borehole West africa |
3,770 |
|
- |
3,770 |
| Lela Home Kamukywa |
49,000 |
(49,000) |
- |
- |
| SAF Africaid Whizz Kids |
16,000 |
(16,000) |
|
|
|
268,317 |
(232,778) |
|
35,539 |
| TOTAL FUNDS |
1,507,784 |
(1,300,193) |
(18) |
207,573 |