Company Number 6983520 Charity Number 1137207
St. Anna
(A Company Limited by Guarantee)
Trustees' Report and
Financial Statements
For the year ended 31 December 2020
ST. ANNA
COMPANY INFORMATION
| Trustees / Directors | Mr A Botha |
|---|---|
| Mr D Jones | |
| Mrs E Tamkin | |
| Mr W Tamkin | |
| Company Secretary | Mr D Jones |
| Company Number | 6983520 |
| Charity Number | 1137207 |
| Registered Office | 82 Culvers Way |
| Carshalton | |
| Surrey | |
| SM5 2LP | |
| Bankers | HSBC |
| 90 Baker Street | |
| London | |
| W1 |
ST. ANNA
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 1 - 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
ST. ANNA
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees (who are also directors of St. Anna under Company Law) present their report together with the financial statements for the year ended 31 December 2020 which are prepared in accordance with 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 2015) - (Charities SORP (FRS 102)) and the Companies Act 2006.
Principal Activity
St. Anna is a Christian charity committed to the relief of persons suffering hardship as a result of drought, earthquake, flood or other natural disaster, or who by reason of their social or economic conditions are in need of assistance.
St. Anna works primarily in East Africa, and its activities are made available to all without regard to race, religion or ethnic background.
The trustees believe that St. Anna provides a benefit to the public through support of the work carried out at the St. Anna Day Care Centre in the Murang'a district of Kenya. This centre exists to provide care and schooling for local disadvantaged children (many of whom are orphans), and support for people (regardless of race, age or religion) suffering from hardship and poverty in the local community, in accordance with the Christian faith.
Structure, Governance and Management
The trustees who served during the year were Mr Alex Botha, Mr Douglas Jones, Mrs Elaine Tamkin and Mr William Tamkin. Each trustee has issued a guarantee on behalf of the company to the extent of £1. Mr Douglas Jones was the Company Secretary.
The trustees are involved in the day to day running of the company, and there are no paid staff members.
The company is limited by guarantee, number 6983520 and is governed by its Memorandum and Articles of Association. St. Anna has charitable objectives, and registration with the Charity Commission was sought and gained in 2010.
St. Anna Activities 2020
The child sponsorship model, as well as various other forms of fundraising, continued throughout the year. In December 2020, 57 children at the St. Anna Centre in Gathukini village, Muranga, Kenya were being supported through standing orders paid to St. Anna (UK).
The school has continued to support its pupils and the elderly in the local community throughout the Coronavirus pandemic. . Food, hygiene kits and learning materials have been sent out whilst the school was closed. Gradual reopening of St Anna started in October 2020. Class 8 students have done well in the recent national exams, and St Anna was the best performing school of the 19 in the Murang’a District. The school continues to deliver on its mission statement despite the restrictions and is looking forward to getting back to normal in the term ahead.
It remains our pleasure and privilege to be one of the partners of St Anna (Kenya) and to see that school and community centre go from strength to strength, providing blessing and encouragement to so many in the region.
Plans for Future Periods
Our intention - arising from our Principal Activity stated above - is to provide relief and assistance to those who need it in East Africa, in accordance with the Christian faith. This will be carried out primarily by our continuing support of the St Anna Centre in Kenya (through friendship, advice and financial assistance). We intend to identify and fundraise for larger capital projects to support St Anna (Kenya) as the need arises in future, with the hopes of helping them to build their sustainability and reduce unnecessary overheads. Matching children in need identified by the Centre with long-term sponsors in the UK will remain one of the primary means by which we provide support in the years ahead. In the forthcoming years we are also open to working with other similar organisations providing grass-roots development services in that area, and to supporting them in whatever way we are able to.
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Financial Review
Income and Expenditure: Incoming resources of £29,601 (2019-£25,833) consisted entirely of donations, and expenditure of £23,628 (2019-£20,105) related mostly to monetary support for the St. Anna Day Care Centre, Kenya. This resulted in a surplus of restricted funds of £5,973 in 2020, caused partly by a timing difference (donations received in 2020 being paid across in 2021). However, the income in 2020 was also boosted by a grant from the deceased estate of a donor of £5,000. Part of this income was sent to Kenya to support a pupil whose sponsor could not continue their support, and the remainder has been retained in St Anna (UK) for strategic investment in the Kenyan charity when an appropriate project has been identified.
Specified Funds: On restricted income St. Anna had reserves at year end of £21,921 (2019-£15,948) related to unspent specified donations and grants intended for the St. Anna Day Care Centre, Kenya (partly regular child sponsorship amounts paid across in early 2020, and partly a strategic fund which will be used by the trustees when a suitable project or a particularly urgent need arises at the Centre.)
Reserves Policy: The policy of the trustees is deliberately not to build up general reserves beyond the operating needs of the charity. As the charity currently has no paid staff and meets its minimal expenses from donations, there are no general reserves at 31 December 2020.
Investment Policy: Due to the reserves policy outlined above, St. Anna will rarely have excess funds to invest. However, from time to time when temporary surpluses occur (due to the timing of grants or large donations received), the funds will be placed in a savings account with our commercial bank if the rate of interest is significantly better than our commercial account rate.
Policy on Grants: The board policy is to pursue its charitable objects by making supportive grants to charities with similar objects where that is the most effective approach.
Remuneration Policy: As the charity currently employs no staff, and has no intention of doing so in the near future, we have not formulated a remuneration policy.
Risk Management
The trustees have considered the risks which the organisation faces, and have ensured that appropriate systems, policies and procedures are in place to manage and mitigate risk. Review and consideration of risk is a formal, annual event preceding the Trustees' Report.
In particular the trustees recognise the risk of fraud and misappropriation of funds surrounding the type of projects which the charity is set up to support. This risk will be mitigated by regular assessment of our partners' financial processes and controls to gain assurance that the funds provided are spent for the intended purposes.
Trustees’ Responsibilities
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the profit or loss of the company for that period. In preparing these accounts, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Follow applicable accounting standards, subject to any material departures disclosed and explained in the
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financial statements.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Any new trustees appointed to St. Anna attend a briefing by the Company Secretary on their responsibilities. They are provided with a copy of the Charity Commission guideline 'The Essential Trustee', as well as the Memorandum and Articles of the company, and the financial statements of the previous year.
All trustees give their time voluntarily and receive no benefit from the Company. None of the trustees were reimbursed any expense during the year. The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Approved by the board of St.Anna on 28th April 2021 and signed on its behalf by:
Mr Douglas Jones (Company Secretary)
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ST. ANNA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
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2020 2019
Restricted Restricted
£ £
INCOME
Donations Under Gift Aid
One Off 2,567 3,000
Regular 12,184 12,475
Income tax recovered 3,829 3,870
18,580 19,345
Other Donations and Grants
One Off 5,725 1,000
Regular 5,296 5,488
11,021 6,488
Total income 29,601 25,833
EXPENDITURE 4
Charitable activities 23,628 20,105
Total expenditure 23,628 20,105
Net income / (expenditure) 5,973 5,728
Funds brought forward at 1 January 15,948 10,220
Funds carried forward at 31 December 21,921 15,948
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All activities are classed as continuing. The notes on page 5 form part of these financial statements. All recognised gains and losses are included in the statement of financial activities. The Statement of Financial Activities also complies with the requirement for an income and expenditure account under the Companies Act 2006.
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ST. ANNA
BALANCE SHEET
AS AT 31 DECEMBER 2020
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2020 2019
Notes £ £
Assets
Sundry debtors 1,120 771
Cash at bank 20,801 15,177
Total net assets 21,921 15,948
Fund balances
Restricted funds 5 21,921 15,948
Total funds 21,921 15,948
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For the year ending 31/12/20 the company was entitled to exemption from audit under section 477 of the Companies Act 2006
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts
Approved by the Board on 28th April 2021 and signed on its behalf by
Douglas Jones Charity Trustee
The notes on page 5 form part of these financial statements.
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ST. ANNA
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP 2019 (FRS 102)) and the Companies Act 2006.
Funds
Unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity.
Restricted funds represent those received for specific purposes as specified by the donor, or the terms under which the funds were received.
The accounts include all transactions, assets and liabilities for which the company is responsible in law.
Incoming Resources
Voluntary income and capital sources
Donations, gifts and other income are recognised as income when they are received. Donations and grants received for specific purposes are accounted for as restricted funds. Where appropriate the charity has taken advantage of the Gift Aid scheme. Tax recovered and recoverable is credited as income in the year in which the related donation is recognised.
Grants are credited as income in the year in which they are receivable.
Income from investments
Interest entitlements on bank accounts are accounted for as they accrue.
Resources expended
Resources expended are accounted for on an accruals basis and recognised when they fall due.
2. Staff costs
There were no staff members employed by the charity in 2020
3. Trustees (Directors under Company Law)
The trustees received no remuneration or expenses during the year.
4. Resources Expended
All resources expended were costs in furtherance of the charity's objectives. There were no governance or support costs incurred during the year.
5. Restricted funds
| St. Anna Centre-Kenya | Opening balance Income Expenditure Closing balance £ £ £ £ 15,948 29,601 (23,628) 21,921 15,948 29,601 (23,628) 21,921 |
|---|---|
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