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2022-06-30-accounts

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

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022

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 30TH JUNE 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022

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 30th June 2022. 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 30TH JUNE 2022

OBJECTIVES AND ACTIVITIES Significant activities

Review of the year

This has been another challenging year in Burkina Faso due to the ongoing security issues and the January 2022 coup .

The easing of travel restrictions following the Covid-19 pandemic has meant that Transform Burkina staff were able to travel to Burkina Faso this year.However, the security situation meant that travel outside of Ouagadougou was prohibited.

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.

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:

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:

Health

Burkino Faso still faces major challenges in the health sector. Communicable diseases continue to be the primary cause of morbidity and mortality in the country, with malaria being the largest contributor to mortality for children under 5 years of age. In addition, Burkino Faso did not fully meet Millennium Development Goals in child mortality, maternal mortality and sanitation.

We support the Bethanie Health Centre which is the only medical facility in a fast-growing informal settlement on the outskirts of Ouagadougou. Each year 8,000 people use the facility.

In early 2022, we launched a fundraising push to develop the health centre further and modernise some of the existing facilities. This includes building a new pharmacy, building a new laboratory, providing the centre with pharmaceuticals, providing the centre with new equipment for the laboratory such as a haematology machine and providing a solar powered battery system so the centre can have electricity during the night and cam stop using diesel to power its' mechanised equipment and gas to power its' cold-storage.

Page 2

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022

OBJECTIVES AND ACTIVITIES

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.

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 £13,879, which represents a little over 5 months' administration costs. Trustees monitor this situation at each of their regular meetings. This reserves "target" is also reviewed as part of the 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 for the year were £191,346 compared to £187,296 the previous year. However, there are significant differences in the composition of these seemingly similar numbers. In the previous year (2020-21) Transform Burkina took over the assets of another UK charity, Giving Africa. This resulted in a one-off donation of £89,438. In the current year we received the first donations from CO2 Balance in respect of the well rehabilitation project. These amounted to £79,061. As mentioned elsewhere in this report, this project is anticipated to last a further 4 years so will remain a major component of the charity's income. Apart from the CO2 donations, funding came from churches (£31,454), UK Aid (WASH programme £28,932), Trusts and Foundations (£14,475), individuals regular giving £33,557) and sponsorship of participating events (£3,849). We are enormously grateful to all those who have supported our work financially and practically.

Total expenditure was £233,404 (2020-21 £146,677) with 95% going directly to specific projects in Burkina Faso, the balance represents fundraising, administration and governance costs. As we have grown over recent years, we have managed to keep non-project costs to a minimum, helped by the fact that our trustees and others offer their time and energy on a voluntary basis.

Most of the funds received by the charity are restricted to specific programmes. This year donations amounting to £176,403 were received for these specific programmes and the corresponding funds sent to our partner organisations in Burkina Faso for these programmes was £221,531. Details of the programmes and the balances held at the year end are shown in the notes to the accounts.

No report of money spent, facilities built, or equipment purchased can encapsulate the immense impact on people's lives that this provision brings: be it clean water, education, loans to start a small business or health and sanitation 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, encouragement and prayers.

.

Page 3

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022

PLANS FOR NEXT YEAR

In education we aim to :

In water and sanitation we aim to:

In health 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.

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

Page 4

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022

REFERENCE AND ADMINISTRATIVE DETAILS

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

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 21st April 2023 and signed on its behalf by:

D J Smith - Trustee

Page 5

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 30th June 2022.

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.

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

  2. 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

  3. 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

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

21st April 2023

Page 6

TRANSFORM BURKINA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2022

30.6.22
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,930
172,554
187,484
Other trading activities
2
-
3,849
3,849
Investment income
3
13
-
13
Total
14,943
176,403
191,346
EXPENDITURE ON
Raising funds
5,726
54
5,780
Charitable activities
Charitable activities
6,147
221,477
227,624
Other
-
-
-
Total
11,873
221,531
233,404
NET INCOME/(EXPENDITURE)
3,070
(45,128)
(42,058)
RECONCILIATION OF FUNDS
Total funds brought forward
10,809
120,768
131,577
TOTAL FUNDS CARRIED FORWARD
13,879
75,640
89,519		 30.6.21
Total
funds
£
185,798
1,496
2
187,296
4,874
141,803
-
146,677
40,619
90,958
131,577

The notes form part of these financial statements

Page 7

TRANSFORM BURKINA

BALANCE SHEET 30TH JUNE 2022

Unrestricted
Restricted
fund
funds
Notes
£
£
CURRENT ASSETS
Debtors
6
1,538
3,022
Cash at bank and in hand
14,972
72,618
16,510
75,640
CREDITORS
Amounts falling due within one year
7
(2,631)
-
NET CURRENT ASSETS
13,879
75,640
TOTAL ASSETS LESS CURRENT LIABILITIES
13,879
75,640
NET ASSETS
13,879
75,640
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 30.6.22
Total
funds
£
4,560
87,590
92,150
(2,631)
89,519
89,519
89,519
13,879
75,640
89,519		 30.6.21
Total
funds
£
2,435
129,915
132,350
(773)
131,577
131,577
131,577
10,809
120,768
131,577

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 21st April 2023 and were signed on its behalf by:

D J Smith - Trustee

The notes form part of these financial statements

Page 8

TRANSFORM BURKINA

CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/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		 30.6.22
£
(42,338)
(42,338)
13
13
(42,325)
129,915
87,590		 30.6.21
£
40,190
40,190
2
2
40,192
89,723
129,915

The notes form part of these financial statements

Page 9

TRANSFORM BURKINA

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
30.6.22 30.6.21
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (42,058) 40,619
Adjustments for:
Interest received (13) (2)
Increase in debtors (2,125) (30)
Increase/(decrease) in creditors 1,858 (397)
Net cash (used in)/provided by operations (42,338) 40,190

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.21 Cash flow At 30.6.22
£ £ £
Net cash
Cash at bank and in hand 129,915 (42,325) 87,590
129,915 (42,325) 87,590
Total 129,915 (42,325) 87,590

The notes form part of these financial statements

Page 10

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022

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.

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

OTHER TRADING ACTIVITIES
30.6.22 30.6.21
£ £
Fundraising events 3,849 1,496

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

3. INVESTMENT INCOME

INVESTMENT INCOME
30.6.22 30.6.21
£ £
Interest receivable - trading 13 2

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th June 2022 nor for the year ended 30th June 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30th June 2022 nor for the year ended 30th June 2021.

5. STAFF COSTS

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

6.

7.

30.6.22
Management
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).
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22
£
Other debtors
4,560
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22
£
Trade creditors
1,881
Accrued expenses
750
2,631		 30.6.21
1
30.6.21
£
2,435
30.6.21
£
23
750
773		 30.6.21
1
30.6.21
£
2,435
30.6.21
£
23
750
773
773

Page 12

continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

8. MOVEMENT IN FUNDS

At 1.7.21
£
Unrestricted funds
General fund
10,809
Restricted funds
AEAD - General Support
670
Health - Agriculture
-
Water - Well Drilling
11,182
Education - International Bursary
771
Health - Family support
454
Education - Ratyiri development
8,060
Education - Build
67
MicroCredit Scheme
373
WASH Project
27,397
Clinic
-
Adult Literacy
366
Unallocated Funds
2,531
Emergency relief
-
Female Education
4,975
Education - Scholarships
7,084
Giving Africa
47,113
UK Aid
9,725
Wells rehabilitation
-
School Food
-
120,768
TOTAL FUNDS
131,577
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Health - Agriculture
Water - Well Drilling
Education - International Bursary
Health - Family support
Education - Ratyiri development
Clinic
Adult Literacy
Unallocated Funds
Emergency relief
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
School Food
TOTAL FUNDS		 Net
movement
in funds
£
3,070
-
390
(9,950)
884
890
(7,000)
-
-
-
(3,940)
(4,882)
13,839
(2,000)
3,300
(1,793)
(28,700)
(15,958)
5,740
4,052
(45,128)
(42,058)
Incoming
resources
£
14,943
8,390
3,050
4,284
2,930
5,000
60
2,620
13,891
1,250
6,300
4,082
500
28,933
79,061
16,052
176,403
191,346		 Transfers
between
At
funds
30.6.22
£
£
-
13,879
(670)
-
-
390
-
1,232
-
1,655
-
1,344
-
1,060
-
67
-
373
(10,094)
17,303
4,000
60
6,000
1,484
(12,000)
4,370
2,000
-
-
8,275
-
5,291
-
18,413
10,764
4,531
-
5,740
-
4,052
-
75,640
-
89,519
Resources
Movement
expended
in funds
£
£
(11,873)
3,070
(8,000)
390
(13,000)
(9,950)
(3,400)
884
(2,040)
890
(12,000)
(7,000)
(4,000)
(3,940)
(7,502)
(4,882)
(52)
13,839
(3,250)
(2,000)
(3,000)
3,300
(5,875)
(1,793)
(29,200)
(28,700)
(44,891)
(15,958)
(73,321)
5,740
(12,000)
4,052
(221,531)
(45,128)
(233,404)
(42,058)

Page 13

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

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

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

8. MOVEMENT IN FUNDS - continued

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

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

Page 15

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

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
Health - Agriculture
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
Clinic
Adult Literacy
Unallocated Funds
Emergency relief
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
Irrigation Project
School Food
TOTAL FUNDS		 At 1.7.20
£
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		 Net
movement
in funds
£
7,878
(1,400)
390
4,260
1,068
900
(6,000)
-
(90)
-
-
500
(3,940)
(30,638)
15,206
(2,000)
8,275
(584)
39,288
(9,120)
3,716
(18,200)
(10,948)
(9,317)
(1,439)		 Transfers
between
funds
£
(1)
(670)
-
(7,000)
-
-
-
(11,200)
1
-
-
(15,005)
4,000
6,000
(12,000)
2,000
-
5,875
(20,875)
13,651
2,024
18,200
15,000
1
-		 At
30.6.22
£
13,879
-
390
1,232
1,655
1,344
1,060
-
-
67
373
17,303
60
1,484
4,370
-
8,275
5,291
18,413
4,531
5,740
-
4,052
75,640
89,519

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continued...

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2022

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
Health - Agriculture
Water - Well Drilling
Education - International Bursary
Health - Family support
Education - Ratyiri development
Health - Health Clinic
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
£
40,800
-
8,390
34,010
8,913
5,660
10,000
144
3,559
900
60
6,174
15,387
2,750
13,275
5,291
83,902
44,314
79,061
-
16,052
337,842
378,642		 Resources
Movement
expended
in funds
£
£
(32,922)
7,878
(1,400)
(1,400)
(8,000)
390
(29,750)
4,260
(7,845)
1,068
(4,760)
900
(16,000)
(6,000)
(234)
(90)
(3,559)
-
(400)
500
(4,000)
(3,940)
(36,812)
(30,638)
(181)
15,206
(4,750)
(2,000)
(5,000)
8,275
(5,875)
(584)
(44,614)
39,288
(53,434)
(9,120)
(75,345)
3,716
(18,200)
(18,200)
(27,000)
(10,948)
(347,159)
(9,317)
(380,081)
(1,439)

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

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th June 2022.

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 17

TRANSFORM BURKINA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2022

30.6.22 30.6.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 60,195 69,935
Gift aid 4,820 3,390
Grants 122,469 23,035
Giving Africa - 89,438
187,484 185,798
Other trading activities
Fundraising events 3,849 1,496
Investment income
Interest receivable - trading 13 2
Total incoming resources 191,346 187,296
EXPENDITURE
Raising donations and legacies
Sundries 247 297
Supports costs 5,533 4,577
5,780 4,874
Charitable activities
Support costs 19,009 15,969
Advertising 614 352
Bank charges 447 463
Third party fees 600 -
Materials costs 334 -
International travel expenses 2,181 -
Grants to institutions 201,533 120,829
224,718 137,613
Other
Wages 21,368 21,000
Pensions 641 630
Consultancy fees 3,473 1,155
Telephone 275 276
Post & Stationery 55 117
Software & Maintenance 790 789
Supports costs allocated (26,602) (23,967)
- -
Support costs
Governance costs
Support costs 2,060 3,422
Accountancy and legal fees 846 768
2,906 4,190
Total resources expended 233,404 146,677
Net (expenditure)/income (42,058) 40,619

This page does not form part of the statutory financial statements

Page 18