OpenCharities

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2021-12-31-accounts

I
I
I
n I
an
for
9mont
ed 31
er2021
Apr21 Iu Dec21 Apr20 to Mar21
Notes Unrestricted
Fund 6
Rnslrlmad
Funds F.
Total Funds 5 Unrestricted
Fund E
Restricted
Funds 6
TotalFunds 6
Income
from
Oonadons 8legacies
6overnment
Grants
CharRableActlvlges
15,376
15,121
111,493 22,037 111,493
22,087
Burkina Faso
Ivory Const
Kenya
Malawi
Senegal
Tanzania
Uganda
Zambia
Zimbabwe
1,091
8+73
22~
8,239
SSPMS
175462
2382
$473
21,540
8+39
39~
125,162
28,247
153,968
43,207
64,870
14,308
32igg
83,826
161,460
28,247
43,207
64,870
14,308
3,866
83,826
161,460
Other 2,266 2,266
Other Trading Activities
Investment
Income
11 78,536
18
78,536
18
Total Income 224,6$7 190,047 578,105 768,152
Experugtrrm
orl
Raising Funds
a aru Mencdvme
115,019 22$KI12 91,375 9,061 100,436
Burkina Faso
Ivory Coast
R542
16,081
44~3
M~
52,794 2,468
13,970
18,689
105,S21
21,157
119,791
Kenya
Mahwi
5,966
Sgmo
363ITB
42dag
5,640
7,483
42,727
56,689
48,367
64,172
Senegal
Tanzania
Uganda
1,720
11,262
$,917
58W6
10,637
69,618
1,249
805
5,047
9466
6,096
38,235
10,715
6,901
43,282
Zambia
Zimbabwe
24967
1+19
126,267
6,321
150,634
7~
19,004
3
143,945 162,949
3
Other 8309 436 3305 3741
Total Expenditure 247zt80 434,034 581,514
Net Income 14@28 (tgyyme) (163,176) 42,567 144,071 186,638
Transfers Between Funds 2 52136 (52136)
Net Movwnent
In Funds
Fnn316 (287~2) (ZM476) 94,703 91,935 186,638
Racorlcglndmr ofFunds
Total Funds Iuought Forwanl 2103yrg 579,951 116,172 277,141 393,313
Total Funds Carried Fonnmd 235,191 1St~ 4tfv775 210875 369076 579951
Tacks Africa Isa private company
gmlted by guarantee.
The ebsCity's registered
company number,
registered
charity
number,
registered office and the nature
activities can be found
in the Trustees Report
ofits
The presentation
currency ofthe financial statements
Is Pounds Stergng (E)
2.Accounting pogdes
Reals ofprepedng the Gmmrgal slatelnents
The financial statements
ofthe charitable
company,
which Isa pubgc benefit entity under FRS102.have been prepared
In accordance with the Charities SORP (FRS
102)'Accounting
and Reporting
by Charities: Statement of Remm
mended
Practice applicable
to charities preparing
their accounts ln accordance with the Fina n gal
Reporting standard
applicable
Inthe UK and Repubgc of Ireland (Fgs 102)(egectlve 1January 20197,Financial
Repolting standard 102%he Finandal Reporting
Standard appgcable
in the UK and Repubgc ofIreland' and the Companies
Act 2006.The flnandal
statements
have been prepared
under the historical cost
convention.
Crltbal accountlrG judgenwms
and key soumes ofesgmatlon
«ncertalnty
No crhbal accounting Judgements
have been made in the prmem ofapplying the accounting pogcles below.
There are no key assumptions
concerning the future and other key sources ofestimation
uncertainty
atthe reponing date that have a ngniflcant
risk ofcausing
material
adjustment
tothe carrying
amounts
ofassets and llabglt
les
within the next gn encl el year.
a
Going concern
Thetrustees consider that there are no material
uncertainties
about the charitable sampan''
abggy to continue asa going concern. Future forecasts and business
plans have been considered
In coming tothis conclusion,
induding
the impact ofthe Coronavlrus
pandemkx
Income
AR income Isrecognised
in the Statement of Fina ndel Actlvi6 as once the charity
has entitlement
tothe funds, It Isprobable that the Income wg I be received and the
amount
can be measured
reliably.
Govemment
grants
Government
grants are recognimd
under the performance
model. The grant Income Isrecognised
upon performance
conditions being satl aged
(and should
Itbe
received In advance ofsatisfying the performance,
recognltlon ofthe income Isdeferred asa gabglty) and where there are no specific future performance-related
conditions
then grants are recognised
when proceeds are received orremlvable.
Donations
Fordonations to be recognised the charity wgl have been notified ofthe amounts and the settlement
date In writing.
Ifthere are conditions
attached tothe
donation
and this requires
a level ofperform ance before entitlement
can be obtained
then income is deferred
untg those mndltl
one are fully met orthe fulRlm
ofthose conditions
Iswithin the control ofthe chargy and it Is probable
that they w0 I be fulf0 led.
ant
No amount
isIncluded
in the financial statements
forvolunteer time In line with the SORP (FRS102).
Trading acthdges
Income from trading
activities Includes Income earned
fmm
fun dra ising
events and trading
activities
to raise funds for the charity. Income isreceived
in exchange
for supplying
goods and services In order to raise funds and is recognised
when entldement
has occurred.
Charhable
Activities
The charity
receives mrporate
grants
In respect ofagreed projects. Inmme from grants Isrecognised at fair value when the charity
has entitlement
after any
performance
conditions
have been met, ItI»probable that the income will be received and the amount can be measured
reliably. Ifentitlement
is not met then
these amounts are deferred.
Glpelnguua
Uabgltles are remgnlsed
as expenditure
as soon asthere Isa legal or constructive
oh0gation commitUng
the charity tothat expenditure,
it is probable that a
transfer ofeconomic benefits wgl be required
In settlement
and the amount ofthe obligation can be measured
reliably. Expenditure
isacmunted
for on an accruals
heals and has been classgied under headings that aggregate
ag costs related tothe category. Where costs cannot be directly attributed to particular
headings they
have been agocated to activities on a heals consistent
with the «se ofresources.
Agocadon and appordonment
ofcosts
Support
costs are those that assist the work ofthe charity
but do not directly represent
charitable
activities
and include oNce costs and governance
casts. They are
incurred
directly
In support ofexpenditure
on the objects ofthe charity and indude
project rmnagement.
Where support oosts cannot be directly attributed to
particular
headings they have been allocated to cost ofraising funds and expenditure
on charitable
activities an a heals consistent with use ofthe resources.

21.Movements In funds
Opening
balance
Income Expenses Transfem Closlrlg
balance
E 8 E
Agve 6 Ocklng
ATO
2,990
3,625
2~ (917)
(3,128)
2,073
2,797
STSupporters Club 118,882 4,500 (81,420) 41,962
Chanel 122,936 1,091 (132,448) (8,421)
Gtyzens 24,445 21,540 (28,282) 17,703
CIRS 6,265 (6,265) 0
Comic Relief Ahead ofthe Game LL+86 12,986 (23,755) 11,117
Comic Regef Ieveglng the Field 15,390 4,652 (20,044) 0
DerekChappei Foundatian 2,565 (Z045) 520
Klckstarter (6,922) 1,933
laureus
SOL
(20,S62) 3,406
MSZ levelling The Field 18,751 (16,737) 2,014
Pasltlve Action Innovator 55,935 (22,929) 33,006
Sport en commune 1,110 15,422 (29592) (SZISP)
SPL 64,190 (15,426) 68,764
TONECO Mental Health 72ITL (3,253) 32ILS
Other Restdcted Funds 2,240 14,394 (12,683) 3,951
Unrestricted 210875 224N!7 ~(200 369 235191