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2023-06-30-accounts

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

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

TRANSFORM BURKINA

Ivan Shannon & Co 39 Church Street Ballynahinch Northern Ireland BT24 8AF

TRANSFORM BURKINA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18

TRANSFORM BURKINA

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2023

Trustees Mr S Buwert
Mr R W Mccullagh
Mr C Richards
Mr D J Smith
Mrs J M Walker
Mrs J M West
Company secretary Mrs J M West
Registered office 5 Bluestone Way
Sutton-on-Sea
Mablethorpe
LN12 2UU
Registered company number 07211790 (England and Wales)
Registered charity number 1136457
Independent examiner Ivan Shannon & Co
39 Church Street
Ballynahinch
Northern Ireland
BT24 8AF
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Page 1

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

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 2023. 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 2

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

Objectives and activities Significant activities

Review of the year to June 2023

This has been another challenging year in Burkina Faso due to the ongoing security issues. Following the January 2022 coup, there was another coup in September 2022 replacing one group of military leaders with another group.

The security situation meant that travel outside of Ouagadougou was prohibited for UK visitors, so a decision was made not to make any visits this year. However, we have met staff from our main partners when in the UK and reporting and monitoring of projects online and using smartphone apps has been further developed and is proving successful.

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:

  1. Ongoing support for 56 students through the bursary scheme, linking individual children in Burkina Faso to their donors.

  2. Ongoing salary support for rural teachers in Ratyiri School

  3. Providing funding to develop a new classroom at Ratyiri School.

  4. Providing 50,000 school meals per year to those most in need.

  5. Supporting an education project exclusively for girls. Supporting a Tailoring project with 40 students.

  6. Sponsoring a student nurse through her studies.

  7. Supporting a literacy project in villages east of Ouagadougou in Zougou and Doundoudougou resulting in 64 graduates in literacy, numeracy and basic business skills who are then helped to establish their own small agricultural businesses.

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:

  1. Completing our major WASH (Water, Sanitation and Health) project in north- western Burkina Faso, funded predominately by UK Aid. This was a 2- year project which aimed to provide 6 new or refurbished wells giving clean water to 3 villages with total populations of 8,500 people. The project also provided 100 toilets for those households most in need and included various training courses in maintenance, hygiene and sanitation. The project was a success and feedback from UK Aid was positive. Unfortunately, this funding stream is now closed, but we are in a good position to receive funding in the future if it re-opens. 2. Our major wells project aiming to rehabilitate 500 wells is continuing with 129 wells rehabilitated by the end of June 2023. This is providing clean water to approximately 52,000 people. The funding for this is provided by working in partnership with CO2 Balance, a UK-based carbon trading company, who obtain carbon credits from the carbon that is saved by households not having to boil water to purify it.

Health

Burkina 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, Burkina 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.

Our fundraising push to develop the health centre further and modernise some of the existing facilities has been a success and we have developed a new pharmacy, a new laboratory, purchased some new equipment and installed a solar-powered battery system.

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:

Page 3

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

Objectives and activities

  1. Providing funding for two agricultural courses in Gourcy in the North Region enabling 200 students to learn the basics of agricultural techniques.

  2. Providing agricultural 'kits' to 20 students to enable them to start their own small businesses.

  3. Providing funding to develop a rice project.

  4. Providing funding for the irrigation system in Mako, where a solar powered pump raises the water from the reservoir behind the dam, we funded last year, and drip-feeds it across 2 hectares of agricultural land.

Organisational development

At the core of our work are our local partners, particularly AEAD and APENF, Burkina based NGO's, with which we have worked since our foundation.

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

Financial position

Total incoming resources for the year were £292,736 compared to £191,345 the previous year. In the previous year (2021-22) we received the first donations from CO2 Balance in respect of the well rehabilitation project. These amounted to £79,061 and have grown to £196,570 in the current year. This project is anticipated to last a further 3 years so will remain a major component of the charity's income. Apart from the CO2 donations, funding came from churches (£36,100), Trusts and Foundations (£9,755), individuals regular giving (£31,300), sponsorship of participating events (£16,939) and UK Aid (WASH programme £1,896). The UK Aid project was completed in the year. We are enormously grateful to all those who have supported our work financially and practically.

Total outgoing resources were £305,687 (2021-22 £233,403) with 89% 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 £281,030 were received for these specific programmes and the corresponding funds sent to our partner organisations in Burkina Faso for these programmes was £273,285. 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 all our supporters for your support, encouragement, and prayers.

Reserves policy

The trustees aim to hold sufficient unrestricted funds to cover three month's routine expenditure and, at year end, the figure held stood at £21,798, which represents a little over 8 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.

Page 4

TRANSFORM BURKINA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

Future plans

In education we aim to :

  1. Maintain the new and higher number of children to whom we can offer bursaries.

  2. Maintain our programme of teacher support.

  3. Continue our support for the Literacy projects and libraries in Zougou and Doundoudougou.

  4. Continue providing 50,000 school meals a year.

  5. Continue our support of the girls' education project.

  6. Continue our support of the tailoring project.

  7. Continue our support of the student nurse.

In water and sanitation we aim to:

  1. Rehabilitate a further 100 wells in the northern region, giving clean water to 40,000 people.

In health we aim to:

  1. Develop the Bethanie health centre further, enabling it to become an officially recognised health centre by the government in Burkina Faso which will lead to direct funding from the government for some services.

In agriculture we aim to:

  1. Continue funding the two agricultural courses in Gourcy

  2. Continue the rice project and the chicken project to help feed those who have been displaced by the security issues.

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 and internet conferencing to keep each other informed. Day to day management of the charity is undertaken by the Executive Officer.

Risk management

The trustees regularly review 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.

Approved by order of the board of trustees on 24 March 2024 and signed on its behalf by:

Mr R W Mccullagh - 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 30 June 2023.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.

Kelly Gillespie FCA

The Institute of Chartered Accountants in England and Wales

Ivan Shannon & Co 39 Church Street Ballynahinch Northern Ireland BT24 8AF

24 March 2024

Page 6

TRANSFORM BURKINA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

30.6.23
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,530
268,026
279,556
Other trading activities
2
-
13,004
13,004
Investment income
3
176
-
176
Total
11,706
281,030
292,736
EXPENDITURE ON
Raising funds
3
5,565
5,568
Charitable activities
Health - Agriculture
-
7,000
7,000
Education - International Bursary
-
6,027
6,027
Wells Rehabilitation
-
165,206
165,206
Clinic
-
16,000
16,000
Health - Family Support
-
4,870
4,870
Female Education
-
3,000
3,000
Giving Africa
-
9,500
9,500
Adult Literacy
-
15,000
15,000
Education - Ratyiri Development
-
4,000
4,000
School Food
-
11,500
11,500
Education - Scholarships
-
5,000
5,000
UK AID
-
4,517
4,517
Water - Well Drilling
-
16,100
16,100
General fund
32,399
-
32,399
Emergency Relief
-
-
-
Total
32,402
273,285
305,687
NET INCOME/(EXPENDITURE)
(20,696)
7,745
(12,951)
Transfers between funds
10
28,615
(28,615)
-
Net movement in funds
7,919
(20,870)
(12,951)
RECONCILIATION OF FUNDS
Total funds brought forward
13,879
75,640
89,519
TOTAL FUNDS CARRIED FORWARD
21,798
54,770
76,568		 30.6.22
Total
funds
£
187,483
3,849
13
191,345
247
8,000
3,400
64,171
4,000
2,040
3,000
29,200
7,500
12,000
12,000
5,875
36,381
13,000
29,339
3,250
233,403
(42,058)
-
(42,058)
131,577
89,519

The notes form part of these financial statements

Page 7

TRANSFORM BURKINA

STATEMENT OF FINANCIAL POSITION 30 JUNE 2023

30.6.23 30.6.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 7 1,593 3,330 4,923 4,559
Cash at bank 21,425 53,833 75,258 87,590
23,018 57,163 80,181 92,149
CREDITORS
Amounts falling due within one year 8 (1,220) (2,393) (3,613) (2,630)
NET CURRENT ASSETS 21,798 54,770 76,568 89,519
TOTAL ASSETS LESS CURRENT LIABILITIES 21,798 54,770 76,568 89,519
NET ASSETS 21,798 54,770 76,568 89,519
FUNDS 10
Unrestricted funds 21,798 13,879
Restricted funds 54,770 75,640
TOTAL FUNDS 76,568 89,519

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 24 March 2024 and were signed on its behalf by:

Mr R W Mccullagh - Trustee

The notes form part of these financial statements

Page 8

TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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.

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

2. OTHER TRADING ACTIVITIES
30.6.23 30.6.22
£ £
Fundraising events 13,004 3,849
3. INVESTMENT INCOME
30.6.23 30.6.22
£ £
Deposit account interest 176 13

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.23 30.6.22
£ £
Auditors' remuneration for non audit work 888 846

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,929
172,554
Other trading activities
-
3,849
Investment income
13
-
Total
14,942
176,403
EXPENDITURE ON
Raising funds
193
54
Charitable activities
Health - Agriculture
-
8,000
Education - International Bursary
-
3,400
Wells Rehabilitation
737
63,434
Clinic
-
4,000
Health - Family Support
-
2,040
Female Education
-
3,000
Giving Africa
-
29,200
Adult Literacy
-
7,500
Education - Ratyiri Development
-
12,000
School Food
-
12,000
Education - Scholarships
-
5,875
UK AID
612
35,769
Water - Well Drilling
-
13,000
General fund
29,339
-
Emergency Relief
-
3,250
Total
30,881
202,522
NET INCOME/(EXPENDITURE)
(15,939)
(26,119)
Transfers between funds
19,009
(19,009)
Net movement in funds
3,070
(45,128)
RECONCILIATION OF FUNDS
Total funds brought forward
10,809
120,768		 Total
funds
£
187,483
3,849
13
191,345
247
8,000
3,400
64,171
4,000
2,040
3,000
29,200
7,500
12,000
12,000
5,875
36,381
13,000
29,339
3,250
233,403
(42,058)
-
(42,058)
131,577

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 13,879 75,640 89,519
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Other debtors 4,923 4,559
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Bank loans and overdrafts (see note 9) 378 -
Trade creditors 2,196 1,880
Accruals and deferred income 1,039 750
3,613 2,630
9. LOANS
An analysis of the maturity of loans is given below:
30.6.23 30.6.22
£ £
Amounts falling due within one year on demand:
Bank overdrafts 378 -

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

10. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.7.22 in funds funds 30.6.23
£ £ £ £
Unrestricted funds
General fund 13,879 (20,696) 28,615 21,798
Restricted funds
Health - Agriculture 390 - - 390
Water - Well Drilling 1,232 (6,700) 16,994 11,526
Education - International Bursary 1,655 (1,244) - 411
Health - Family Support 1,344 (1,020) - 324
Education - Ratyiri Development 1,060 1,000 - 2,060
Education - Build 67 - - 67
MicroCredit Scheme 373 - (373) -
WASH Project 17,303 - (17,303) -
Clinic 60 9,032 4,000 13,092
Adult Literacy 1,484 (7,320) 9,155 3,319
Unallocated Funds 4,370 5 (4,370) 5
Female Education 8,275 (2,325) - 5,950
Education - Scholarships 5,291 (1,299) - 3,992
Giving Africa 18,413 (9,500) (8,913) -
UK Aid 4,531 (2,622) (1,909) -
Wells rehabilitation 5,740 31,364 (26,396) 10,708
School Food 4,052 (2,226) - 1,826
Tailoring Course - 600 500 1,100
75,640 7,745 (28,615) 54,770
TOTAL FUNDS 89,519 (12,951) - 76,568

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

10. MOVEMENT IN FUNDS - continued

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
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
School Food
Tailoring Course
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
11,706
(32,402)
(20,696)
7,000
(7,000)
-
9,400
(16,100)
(6,700)
4,783
(6,027)
(1,244)
3,850
(4,870)
(1,020)
5,000
(4,000)
1,000
25,032
(16,000)
9,032
7,703
(15,023)
(7,320)
5
-
5
675
(3,000)
(2,325)
3,701
(5,000)
(1,299)
-
(9,500)
(9,500)
1,895
(4,517)
(2,622)
196,570
(165,206)
31,364
14,816
(17,042)
(2,226)
600
-
600
281,030
(273,285)
7,745
292,736
(305,687)
(12,951)

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
AEAD - General Support
Health - Agriculture
Water - Well Drilling
Education - International Bursary
Health - Family Support
Education - Ratyiri Development
Education - Build
MicroCredit Scheme
WASH Project
Clinic
Adult Literacy
Unallocated Funds
Emergency relief
Female Education
Education - Scholarships
Giving Africa
UK Aid
Wells rehabilitation
School Food
TOTAL FUNDS		 Net
movement
At 1.7.21
in funds
£
£
10,809
(15,939)
670
-
-
390
11,182
(9,950)
771
884
454
890
8,060
(7,000)
67
-
373
-
27,397
-
-
(3,940)
366
(4,882)
2,531
13,839
-
(2,000)
4,975
3,300
7,084
(1,793)
47,113
(28,700)
9,725
(6,836)
-
15,627
-
4,052
120,768
(26,119)
131,577
(42,058)		 Transfers
between
funds
£
19,009
(670)
-
-
-
-
-
-
-
(10,094)
4,000
6,000
(12,000)
2,000
-
-
-
1,642
(9,887)
-
(19,009)
-		 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 30 JUNE 2023

10. MOVEMENT IN FUNDS - continued

Comparative 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		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
14,942
(30,881)
(15,939)
8,390
(8,000)
390
3,050
(13,000)
(9,950)
4,284
(3,400)
884
2,930
(2,040)
890
5,000
(12,000)
(7,000)
60
(4,000)
(3,940)
2,620
(7,502)
(4,882)
13,891
(52)
13,839
1,250
(3,250)
(2,000)
6,300
(3,000)
3,300
4,082
(5,875)
(1,793)
500
(29,200)
(28,700)
28,933
(35,769)
(6,836)
79,061
(63,434)
15,627
16,052
(12,000)
4,052
176,403
(202,522)
(26,119)
191,345
(233,403)
(42,058)

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

10. MOVEMENT IN FUNDS - continued

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

Net Transfers
movement between At
At 1.7.21 in funds funds 30.6.23
£ £ £ £
Unrestricted funds
General fund 10,809 (36,635) 47,624 21,798
Restricted funds
AEAD - General Support 670 - (670) -
Health - Agriculture - 390 - 390
Water - Well Drilling 11,182 (16,650) 16,994 11,526
Education - International Bursary 771 (360) - 411
Health - Family Support 454 (130) - 324
Education - Ratyiri Development 8,060 (6,000) - 2,060
Education - Build 67 - - 67
MicroCredit Scheme 373 - (373) -
WASH Project 27,397 - (27,397) -
Clinic - 5,092 8,000 13,092
Adult Literacy 366 (12,202) 15,155 3,319
Unallocated Funds 2,531 13,844 (16,370) 5
Emergency relief - (2,000) 2,000 -
Female Education 4,975 975 - 5,950
Education - Scholarships 7,084 (3,092) - 3,992
Giving Africa 47,113 (38,200) (8,913) -
UK Aid 9,725 (9,458) (267) -
Wells rehabilitation - 46,991 (36,283) 10,708
School Food - 1,826 - 1,826
Tailoring Course - 600 500 1,100
120,768 (18,374) (47,624) 54,770
TOTAL FUNDS 131,577 (55,009) - 76,568

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TRANSFORM BURKINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

10. 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
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
Tailoring Course
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
26,648
(63,283)
(36,635)
15,390
(15,000)
390
12,450
(29,100)
(16,650)
9,067
(9,427)
(360)
6,780
(6,910)
(130)
10,000
(16,000)
(6,000)
25,092
(20,000)
5,092
10,323
(22,525)
(12,202)
13,896
(52)
13,844
1,250
(3,250)
(2,000)
6,975
(6,000)
975
7,783
(10,875)
(3,092)
500
(38,700)
(38,200)
30,828
(40,286)
(9,458)
275,631
(228,640)
46,991
30,868
(29,042)
1,826
600
-
600
457,433
(475,807)
(18,374)
484,081
(539,090)
(55,009)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.

12. ULTIMATE CONTROLLING PARTY

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

Page 17

TRANSFORM BURKINA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2023
30.6.23 30.6.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 66,417 60,194
Gift aid 6,819 4,820
Grants 206,320 122,469
279,556 187,483
Other trading activities
Fundraising events 13,004 3,849
Investment income
Deposit account interest 176 13
Total incoming resources 292,736 191,345
EXPENDITURE
Raising donations and legacies
Fundraising 5,568 247
Charitable activities
Wages 22,747 21,368
Pensions 686 641
Telephone 276 276
Postage and stationery 210 55
Sundries - 334
Third party fees 1,153 600
International travel 1,422 2,181
Website 190 612
General travel 135 -
Consultancy 3,488 -
Software and maintenance 1,136 4,263
Grants to institutions 267,720 201,533
299,163 231,863
Support costs
Finance
Bank charges 68 447
Governance costs
Auditors' remuneration for non audit work 888 846
Total resources expended 305,687 233,403
Net expenditure (12,951) (42,058)

This page does not form part of the statutory financial statements

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