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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 07211790 (England and Wales) REGISTERED CHARITY NUMBER: 1136457

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

TRANSFORM BURKINA

Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB

TRANSFORM BURKINA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8 to 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 24
Detailed Statement of Financial Activities 25 to 26

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

About Transform Burkina

Transform Burkina was founded in 2010 in response to trustees' first-hand experience of poverty in Burkina Faso. Our mission is to work in partnership to give every life we touch the opportunity to reach their full potential. We aim to achieve this through supporting the provision of high-quality projects to improve: Education, skills and vocational training. Health and nutrition. Water supply and sanitation.

The ethos behind these is to empower the people of Burkina Faso to be able to continue to bless and influence the world through improved health, education and livelihoods. We also aim to raise people's awareness of the country and the benefits of its culture.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our Objectives are:

a) To relieve sickness and financial hardship and to promote and preserve good health by the provision of goods and services of any kind in such parts of Burkina Faso or the World as the Trustees from time to time may think fit.

b) To advance education in such parts of Burkina Faso or the World as the Trustees from time to time may think fit.

It is the Charity's aim to fulfil these objectives as a practical outworking of Christian faith-based values.

Page 1

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

OBJECTIVES AND ACTIVITIES

Significant activities

Review of the year

This has been another challenging year in Burkina Faso due to the combination of the Covid-19 pandemic and the ongoing security issues.

The official numbers for those testing positive or dying from Covid-19 have remained relatively low. However, the lack of testing means that the actual numbers are almost certainly considerably higher than this, although evidence suggests the country has not been affected as badly as many more developed nations with older populations and more internal movements of people.

Once again, the Covid-19 pandemic has meant that Transform Burkina staff and trustees have been unable to travel to Burkina Faso this year.

Throughout the year, increased insecurity, particularly in the north and east of the country, has led to internal migration within the country towards areas perceived to be safer. It is now estimated that approximately 1 million people in Burkina Faso are classed as internally displaced.

During the year we took over the management of the projects previously managed by the charity Giving Africa, which was winding down. All of these projects came with some initial funding, but it is expected that Transform Burkina will have to find funding in the long term for them to be sustainable.

Education

With an estimated 70% of the population of Burkina Faso illiterate*, we have continued our support for education, via our local partners' network of 12 schools, believing it has a vital role in allowing individuals to realise their full potential. During the year we supported projects including:

Page 2

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

OBJECTIVES AND ACTIVITIES

Water and sanitation

20% of all Burkinabe children suffer recurring bouts of disease caused by dirty water and 50% of all schools have no toilets. We are continuing our work to provide more communities with access to clean, accessible water together with good sanitation and hygiene facilities and training, believing this should be a basic right for all. During the year we supported projects including:

Agriculture

Food supply is a key issue in Burkina Faso with 3.3 million of the population of 20 million facing acute food insecurity. We aim to work with local communities to give them the skills and tools necessary to establish their own small-scale agricultural projects and to help them develop ways of ensuring a more reliable and less seasonal water supply. During the year we supported projects including:

Organisational development

At the core of our work are our local partners, particularly AEAD, a Burkina based NGO, whom we have worked with principally since our foundation. In the last year we have also begun a partnership with APENF, another Burkina based NGO.

Public Benefit

The United Nations, ranks Burkina Faso amongst the world's poorest five countries in terms of development. We seek to transform the lives of some of the very poorest people on our planet, but also aim to introduce people in the UK to the riches of Burkinabe culture and hospitality, believing Burkina Faso can be a blessing to the world.

Page 3

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

FINANCIAL REVIEW

Reserves policy

The trustees aim to hold sufficient unrestricted funds to cover three month's routine outgoings and, at year end, the figure held stood at £10,800, representing around 6 months' reserves. The improvement in general funds is attributable to an upfront contribution from UK Aid in respect of the WASH programme's administration costs. This will gradually reduce as the project proceeds.

Raising unrestricted funds continues to represent a significant challenge for us, as it does for many charities. Trustees are aware of the risk this represents and are working on a strategy that aims to build up reserves to at least the level the policy calls for. This reserves 'target' is regularly reviewed as part of trustees' risk management review.

All restricted and any surplus unrestricted funds are remitted to Burkina Faso as quickly as possible after receipt, in accordance with project plans and schedules.

Income and expenditure

Total incoming resources were £187,296 compared to £108,322 in the previous year. Included in the incoming resources for the year is £89,438 from another charity (Giving Africa), which has now transferred to us the responsibility of delivering a number programmes including: provision of school meals, student sponsorship, agriculture and entrepreneurial skills development. Apart from the one-off transfer from Giving Africa (£89,438), funding came from churches (£34,750), UK Aid (WASH programme £15,381), Trusts and Foundations (£7,655) and individuals through sponsorships and other regular giving (£38,576). A fund-raising event close to the year-end (Chase the Sun) raised over £5,000 of which £1,496 was recorded in this financial year. We are enormously grateful to all of those who have supported our work financially, practically and prayerfully.

Total charitable expenditure was £146,677, compared to £59,036 the previous year. There are several reasons for this, Covid-19 among them. At the year end the charity was holding £120,768 in funds available to our overseas projects. Of this amount, £83,000 was for projects spanning a 2 year period, £11,000 is for well-drilling projects still to be identified and the balance should be spent in the next 12 month period.

Most of the funds received by the charity are restricted to specific programmes. This year donations amounting to £159,943 were received for these specific programmes and the corresponding expenditure was £125,454. Details of the funds and the balances held at the financial year-end are shown in the notes to the accounts. As we have grown in recent years, we have sought to keep non project costs to a minimum, helped by the fact that our trustees and others offer much time and energy on a voluntary basis.

No report of money spent, facilities built or equipment provided can encapsulate the immense impact on people's lives that this provision brings: be it clean water, education, small loans to start a business or health facilities. We, who have come to take these things for granted, cannot now imagine how life would be without them. Supporting transformation 'one life at a time' is why Transform Burkina exists and we thank you for your support.

Page 4

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

PLANS FOR NEXT YEAR

In education we aim to:

In water and sanitation we aim to:

In agriculture we aim to:

In addition, we will continue to support the capacity of both our and our partners' organisational development through regular exchanges of ideas, further enhancements to reporting systems, monitoring and evaluation of projects etc.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee and is controlled by its governing document, its Memorandum and Articles of Association. The company was registered on 1st April 2010 and the charity was registered in June of that year.

Organisational structure

The trustees meet at least 3 times a year as a full board. They also use regular telephone conferencing to keep each other informed. Day to day management of the charity is undertaken by the Executive Officer.

Risk management

The trustees regularly reviewed the potential risks faced by the charity using the risk register in place. They believe that adequate controls and procedures are in place to minimise these risks. The trustees are aware of their responsibilities and keep these issues under on-going review.

Page 5

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07211790 (England and Wales)

Registered Charity number

1136457

Registered office

5 Bluestone Way Sutton on Sea Lincolnshire LN12 2UU

Trustees

S Buwert R W McCullagh C Richards D J Smith J M Walker J M West

Company Secretary

J M West

Independent Examiner

Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 6

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS Correspondence address

20 York Road York YO24 4LU

Tel: 07850 359476 Email: jonny@transformburkina.org.uk Web www.transformburkina.org.uk

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 25 March 2022 and signed on its behalf by:

D J Smith - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRANSFORM BURKINA

Independent examiner's report to the trustees of Transform Burkina ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRANSFORM BURKINA

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Scott Nixon FCCA Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB

25 March 2022

Page 9

TRANSFORM BURKINA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Other
Total
NET INCOME
Transfers between funds
8
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
25,855
159,943
185,798
-
1,496
1,496
2
-
2
25,857
161,439
187,296
4,700
174
4,874
16,349
125,454
141,803
-
-
-
21,049
125,628
146,677
4,808
35,811
40,619
(1)
1
-
4,807
35,812
40,619
6,002
84,956
90,958
10,809
120,768
131,577		 2020
Total
funds
£
107,610
710
2
108,322
6,144
52,498
394
59,036
49,286
-
49,286
41,672
90,958

The notes form part of these financial statements

Page 10

TRANSFORM BURKINA

BALANCE SHEET 30 JUNE 2021

Notes
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
fund
funds
£
£
1,128
1,307
10,454
119,461
11,582
120,768
(773)
-
10,809
120,768
10,809
120,768
10,809
120,768		 2021
Total
funds
£
2,435
129,915
132,350
(773)
131,577
131,577
131,577
10,809
120,768
131,577		 2020
Total
funds
£
2,405
89,723
92,128
(1,170)
90,958
90,958
90,958
6,002
84,956
90,958

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

continued...

TRANSFORM BURKINA

BALANCE SHEET - continued 30 JUNE 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2022 and were signed on its behalf by:

D J Smith - Trustee

The notes form part of these financial statements

Page 12

TRANSFORM BURKINA

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period		 2021
£
40,190
40,190
2
2
40,192
89,723
129,915		 2020
£
48,039
48,039
2
2
48,041
41,682
89,723

The notes form part of these financial statements

Page 13

TRANSFORM BURKINA

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Interest received
(Increase)/decrease in debtors
Decrease in creditors
Net cash provided by operations		 2021
£
40,619
(2)
(30)
(397)
40,190		 2020
£
49,286
(2)
556
(1,801)
48,039

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.7.20
Cash flow
At 30.6.21
£
£
£
89,723
40,192
129,915
89,723
40,192
129,915
89,723
40,192
129,915

The notes form part of these financial statements

Page 14

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. The trustees have concluded that, with the exception of reanalysing Governance Costs to now form part of Charitable Activities, no other restatement of items has been required in making the transition to FRS 102. The transition date was 1 July 2015.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Page 15

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

Fundraising events
Sponsorships
INVESTMENT INCOME
Interest receivable - trading		 2021
£
1,496
-
1,496
2021
£
2		 2020
£
90
620
710
2020
£
2

3. INVESTMENT INCOME

Page 16

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2021 2020
Management 1 1

No employees received emoluments in excess of £60,000.

The charity has one employee who works part time (2020 one employee who worked part time).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
£ £
Other debtors 2,435 2,405

Page 17

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses		 2021
£
23
-
750
773		 2020
£
65
355
750
1,170

8. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Family support
Education - Ratyiri development
Education - Stafford Centre
ophanage
Health - Health Clinic
Education - Build
MicroCredit Scheme
WASH Project
Adult Literacy
Unallocated Funds
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
Irrigation Project
School Food
TOTAL FUNDS		 Net
movement
At 1.7.20
in funds
£
£
6,002
4,808
2,070
(1,400)
3,972
14,210
587
184
444
10
7,060
1,000
11,200
-
89
(90)
67
-
373
-
31,808
500
26,122
(25,756)
1,164
1,367
-
4,975
-
1,209
-
67,988
-
6,838
-
(2,024)
-
(18,200)
-
(15,000)
84,956
35,811
90,958
40,619		 Transfers
between
At
funds
30.6.21
£
£
(1)
10,809
-
670
(7,000)
11,182
-
771
-
454
-
8,060
(11,200)
-
1
-
-
67
-
373
(4,911)
27,397
-
366
-
2,531
-
4,975
5,875
7,084
(20,875)
47,113
2,887
9,725
2,024
-
18,200
-
15,000
-
1
120,768
-
131,577		 At
30.6.21
£
10,809
670
11,182
771
454
8,060
-
-
67
373
27,397
366
2,531
4,975
7,084
47,113
9,725
-
-
-

Page 18

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Family support
Education - Ratyiri development
Health - Health Clinic
Soulyale Project
WASH Project
Adult Literacy
Unallocated Funds
Emergency relief
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
Irrigation Project
School Food
TOTAL FUNDS		 Incoming
resources
£
25,857
-
30,960
4,629
2,730
5,000
144
3,559
900
3,554
1,496
1,500
6,975
1,209
83,402
15,381
-
-
-
161,439
187,296		 Resources
expended
£
(21,049)
(1,400)
(16,750)
(4,445)
(2,720)
(4,000)
(234)
(3,559)
(400)
(29,310)
(129)
(1,500)
(2,000)
-
(15,414)
(8,543)
(2,024)
(18,200)
(15,000)
(125,628)
(146,677)		 Movement
in funds
£
4,808
(1,400)
14,210
184
10
1,000
(90)
-
500
(25,756)
1,367
-
4,975
1,209
67,988
6,838
(2,024)
(18,200)
(15,000)
35,811
40,619

Page 19

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Container
Health - Family support
Education - Ratyiri development
Education - Stafford Centre
ophanage
Health - Health Clinic
Education - Build
MicroCredit Scheme
WASH Project
Clinic
Adult Literacy
Unallocated Funds
TOTAL FUNDS		 Net
movement
At 1.7.19
in funds
£
£
2,046
3,956
670
1,400
2,347
1,625
684
(97)
(1,636)
400
454
(10)
6,060
1,000
1,725
11,200
20
69
67
-
60
313
28,775
3,033
400
(400)
-
26,122
-
675
39,626
45,330
41,672
49,286		 Transfers
between
funds
£
-
-
-
-
1,236
-
-
(1,725)
-
-
-
-
-
-
489
-
-		 At
30.6.20
£
6,002
2,070
3,972
587
-
444
7,060
11,200
89
67
373
31,808
-
26,122
1,164
84,956
90,958

Page 20

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Container
Health - Family support
Education - Ratyiri development
Education - Stafford Centre
ophanage
Health - Health Clinic
MicroCredit Scheme
Soulyale Project
WASH Project
Clinic
Adult Literacy
Unallocated Funds
Emergency relief
TOTAL FUNDS		 Incoming
resources
£
29,339
3,098
2,125
3,363
400
2,730
5,000
11,200
4,654
313
8,600
3,033
-
26,312
675
7,480
78,983
108,322		 Resources
expended
£
(25,383)
(1,698)
(500)
(3,460)
-
(2,740)
(4,000)
-
(4,585)
-
(8,600)
-
(400)
(190)
-
(7,480)
(33,653)
(59,036)		 Movement
in funds
£
3,956
1,400
1,625
(97)
400
(10)
1,000
11,200
69
313
-
3,033
(400)
26,122
675
-
45,330
49,286

Page 21

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Container
Health - Family support
Education - Ratyiri development
Education - Stafford Centre
ophanage
Health - Health Clinic
Education - Build
MicroCredit Scheme
WASH Project
Clinic
Adult Literacy
Unallocated Funds
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
Irrigation Project
School Food
TOTAL FUNDS		 Net
movement
At 1.7.19
in funds
£
£
2,046
8,764
670
-
2,347
15,835
684
87
(1,636)
400
454
-
6,060
2,000
1,725
11,200
20
(21)
67
-
60
313
28,775
3,533
400
(400)
-
366
-
2,042
-
4,975
-
1,209
-
67,988
-
6,838
-
(2,024)
-
(18,200)
-
(15,000)
39,626
81,141
41,672
89,905		 Transfers
between
At
funds
30.6.21
£
£
(1)
10,809
-
670
(7,000)
11,182
-
771
1,236
-
-
454
-
8,060
(12,925)
-
1
-
-
67
-
373
(4,911)
27,397
-
-
-
366
489
2,531
-
4,975
5,875
7,084
(20,875)
47,113
2,887
9,725
2,024
-
18,200
-
15,000
-
1
120,768
-
131,577		 At
30.6.21
£
10,809
670
11,182
771
-
454
8,060
-
-
67
373
27,397
-
366
2,531
4,975
7,084
47,113
9,725
-
-
-

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continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Water - Well Drilling
Education - International Bursary
Health - Container
Health - Family support
Education - Ratyiri development
Education - Stafford Centre
ophanage
Health - Health Clinic
MicroCredit Scheme
Soulyale Project
WASH Project
Clinic
Adult Literacy
Unallocated Funds
Emergency relief
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
Irrigation Project
School Food
TOTAL FUNDS		 Incoming
resources
£
55,196
3,098
33,085
7,992
400
5,460
10,000
11,200
4,798
313
12,159
3,933
-
29,866
2,171
8,980
6,975
1,209
83,402
15,381
-
-
-
240,422
295,618		 Resources
expended
£
(46,432)
(3,098)
(17,250)
(7,905)
-
(5,460)
(8,000)
-
(4,819)
-
(12,159)
(400)
(400)
(29,500)
(129)
(8,980)
(2,000)
-
(15,414)
(8,543)
(2,024)
(18,200)
(15,000)
(159,281)
(205,713)		 Movement
in funds
£
8,764
-
15,835
87
400
-
2,000
11,200
(21)
313
-
3,533
(400)
366
2,042
-
4,975
1,209
67,988
6,838
(2,024)
(18,200)
(15,000)
81,141
89,905

Information regarding the purpose of each fund can be found in the report of the trustees.

Page 23

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2021.

10. ULTIMATE CONTROLLING PARTY

The charity is under the control of its trustees who control the overall strategy and long term direction of the charity.

11. GOING CONCERN

There are no material uncertainties regarding the charity's ability to continue as a going concern at this time.

Page 24

TRANSFORM BURKINA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Giving Africa
Other trading activities
Fundraising events
Sponsorships
Investment income
Interest receivable - trading
Total incoming resources
EXPENDITURE
Raising donations and legacies
Sundries
Supports costs
Charitable activities
Support costs
International travel expense
Advertising
Bank charges
Carried forward		 2021
£
69,935
3,390
23,035
89,438
185,798
1,496
-
1,496
2
187,296
297
4,577
4,874
15,969
-
352
463
16,784		 2020
£
64,375
3,880
39,355
-
107,610
90
620
710
2
108,322
237
5,907
6,144
14,177
(1,500)
216
180
13,073

This page does not form part of the statutory financial statements

Page 25

TRANSFORM BURKINA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Charitable activities
Brought forward
Grants to institutions
Other
Wages
Pensions
General travel expenses
Consultancy fees
Telephone
Post & Stationery
Software & Maintenance
Supports costs allocated
Support costs
Governance costs
Support costs
Accountancy and legal fees
Total resources expended
Net income		 2021
£
16,784
120,829
137,613
21,000
630
-
1,155
276
117
789
(23,967)
-
3,422
768
4,190
146,677
40,619		 2020
£
13,073
35,113
48,186
21,681
831
23
-
285
195
614
(23,629)
-
3,938
768
4,706
59,036
49,286

This page does not form part of the statutory financial statements

Page 26