Company Number 6983520 Charity Number 1137207
St. Anna
(A Company Limited by Guarantee) Trustees' Report and
Financial Statements
For the year ended 31 December 2022
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 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 7 |
ST. ANNA
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Charities Statement of Recommended Practice ("Charities SORP") (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.
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 2022
The child sponsorship model, as well as various other forms of fundraising, continued throughout the year. In 2022, 60 children at the St. Anna Centre in Gathukini village, Muranga, Kenya were being supported through standing orders paid to St. Anna (UK). We are very grateful to the Beach Tennis Club in Davenham which made a generous donation of £5,000 towards sporting equipment for the Centre. The school is currently engaged in getting quotations to obtain best value for this grant.
The Centre has continued to support its pupils and the elderly in the local community as Kenya emerged from the Coronavirus pandemic, and continued to deliver on its mission statement despite the sharply increasing inflation rate as a result of the war in Ukraine.
It remains our pleasure and privilege to be one of the partners of St Anna (Kenya), and to continue the strategic engagement with its partners across the world in regular group video calls. Despite the very sad passing of one of its founders during the year - Abyshag Njoki Mahiaini - the charity in Kenya has continued to strengthen its governance and policy over the last year. We were able to support an independent review of finances and internal controls at the Centre, as well as contributing to two other appeals for specific project assistance from our restricted funds.
Two of the trustees visited the school in October 2021 and spent two days there. They met with Bishop Mahiaini one of the school’s founders and the management team including the manager, social worker, finance officer and head teacher. A guided tour of the farm revealed the chilies being grown to supplement the school’s income and the pigs, cow and calf recently acquired to supplement the children’s diet. Since the previous visit the farm had developed, the boys’ toilets had been revamped and there was a new composter in situ.
Overall, the trustees felt the school was delivering on its original mission statement. The children were well looked after, well-nourished and progressing through the Kenyan educational system.
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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.
Financial Review
Income and Expenditure: Incoming resources of £27,776 (2021-£22,638) consisted entirely of donations, and were higher than the income of the previous year due to the Beach Tennis Club donation mentioned above. Expenditure of £24,195 (2021-£23,290) related mostly to monetary support paid across as grants to the St. Anna Day Care Centre, Kenya; together with small administrative costs incurred in the UK. The £5,000 sporting equipment donation was the main driver of the surplus for the year of £3,581 (reduced by distributions to Kenya from prior years' restricted funds). This compares with a deficit in 2021 of £652.
Specified Funds: On restricted income St. Anna had reserves at year end of £24,850 (2021-£21,269) 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 2023, 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 2022 as all donations are specified towards the work of the St. Anna Day Care Centre, Kenya.
Investment Policy: Due to the reserves policy outlined above, St. Anna will rarely have large excess funds to invest. However, from time to time when 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. The trustees' visit in October 2022 was particularly helpful in this respect.
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 2 August 2023 and signed on its behalf by:
Mr Douglas Jones (Company Secretary)
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
ST ANNA ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022 on pages 4 to 7 following, which have been prepared on the basis of the accounting policies set out on page 6.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Archie McDowall
Archie McDowall, BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 18 August 2023
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ST. ANNA
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022
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2022 2021
Restricted Restricted
£ £
INCOME
Donations Under Gift Aid
One Off 551 1,145
Regular 12,957 12,356
Income tax recovered 3,378 3,376
16,886 16,877
Other Donations and Grants
One Off 5,115 335
Regular 5,775 5,426
10,890 5,761
Total income 27,776 22,638
EXPENDITURE 4
Charitable activities 24,195 23,290
Total expenditure 24,195 23,290
Net income / (expenditure) 3,581 (652)
Funds brought forward at 1 January 21,269 21,921
Funds carried forward at 31 December 24,850 21,269
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All activities are classed as continuing. The notes on page 6-7 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 2022
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2022 2021
Notes £ £
Assets
Sundry debtors 810 837
Cash at bank 24,040 20,432
Total net assets 24,850 21,269
Fund balances
Restricted funds 5 24,850 21,269
Total funds 24,850 21,269
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For the year ending 31/12/22 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 2 August 2023 and signed on its behalf by
Douglas Jones Trustee St.Anna - Company Number 6983520
The notes on page 6 form part of these financial statements.
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ST. ANNA
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with the 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements.
In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly.
The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
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ST. ANNA
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
2. Staff costs
There were no staff members employed by the charity in 2022
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 £ £ £ £ 21,269 27,776 (24,195) 24,850 21,269 27,776 (24,195) 24,850 |
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6. Transactions with related parties
During the year the charity received donations totalling £1,880 (2021: £1,710) from related parties (which includes trustees and anyone closely connected to them).
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