COMPANY REGISTRATION NUMBER: 07474050 CHARITY REGISTRATION NUMBER: 1140183 Life for African Mothers Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 WALTER HUNTER & CO LIMITED Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF
Life for African Mothers Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Life for African Mothers Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The Iruslges, who are also the directors for the purposes of company law, present their repjrt and the unaudited financial statements of the charity for the yèar ended 31 March 2024. Reference and admlnistrative detalls Reglstèred chartty namo Life for African Mothers Charlty reglsliation number Company registration number 07474050 Principal offlce and règhtered R¢x)m 29 offlco Temple of Peace King Edward Vll Avenue Cardiff CFIO 3AP 1140183 Trustees and directors M Aylott S Browning A Gorman T Howson P Lindsay M Esong J Morgan CNTabi D Oupre A Pyrah-Bames O Williams R Agbonkhese A Perry N Lovett Chair and Treasurer {Retired 1 October 20241 (Retired 1 October 20241 (Retired 1 October 20241 (Appointed 22 February 2024) (Appointed 10 January 20241 (Appointed 10 January 20241 (Retired 1 January 2023} IRetired 5 November 20231 (Appointed 1 October 20241 Company secretary M Aylott Independent gxaminer Jonathan Rhodes Bsc BFP FCA 24 Bridge Street Newport South Wales NP20 4SF
Life for African Mothers Company Limited by Guarantee Trustees, Annual Report Ilncorporatlng the Director's Report> (Coftlinued) Year ended 31 March 2024 Structurg. govemanc8 and management Public Benefit Statement The trustees confirm that they have complied with the duty section 17{5} of the 2011 Charities Act to have due regard lo the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning lulure activities. Govemance The governing document of the organisalion is ils constitution, and it defines the process for recruilmenl and appointment of trustees which is approved a the Annual General Meeting or in an interim period can be ¢o-opled by the ExecLrtive Committee and subject lo approval al the next annual general meeting. The Executive Committee is the body enlilled lo appoint its trustees with a Iruslees pack issued containing CharTty Commission gvidelings together wrth policies and Procedures for the Charity. The organisalion is independent and there are no subsidiaries. The reporting structures within the organisation give clarity and accounlatsilty to the Executive Committee with contingency policies and procedures lo mitigate risks. The B08rd of Iruslees strives lo maintain reserves lo ensure that the charity can continue its work. To this end it aims lo hotd suffjcient reserves lo maintain tts work for e1ve months. Objective$ and activities Life for African Mothers {LFAMI is a UK based maternal he8tth charty, which was sel up in 2005, fdlowing the televising of a BBC documentsry which focused on matemal mortality in the central African country of Chad. While the initial support for a hospital in Chad comprised of sending a variety of resources. including medication, il became clear that maternal mortality was a major challengg across Subsahavan Africa. In 2005, il was eslimaled that around 550.000 women died in pregnancy and childbirth, of whom around 180,000 died ol haemorrhage following delivery IPPHI. In 2007, LFAM received a request fr¢Jn the UNFPA Ilhe wing of the UN that deals with maternal and child healihl lo help Sierra Leone and Liberia, two countries that had been devaslaled by cwil war and now carried the unenviable titles of being amongst the most dangerous places on earth to be pregnant. LFAM'S Board decided lo refocus ils support by speeifically tsrgeling PPH, providing the lifesaving medication and skills training, lo lo prevent. or treat this calaslrophic condition.
Life for African Mothers Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coniirtudd) Year ended 31 March 2024 Achigv8ments and performance LFAM has since 200718, supported a number of countries, or regions wrthin countries. by providing a medication called Misoprostol, which is recommended by the WHO lo manage PPH. This precious drug has been donated to LFAM for a number of years. with an eslimaled 5.5million lablels having been shipped to partner countries. This allowed some 1.5million women to access the medication free of charge. In lae 2022, the donoi decided that they would only pr¢)vide mfjdicalions to those countries where LFAM has a Representative. In recent years, the two countries that LFAM has provided most of the medication lo and has in country Represenlalives have been Liberia and Sierra Leone. UK midwives have travelled lo both ountries lo observe the midwifery practices, followed up wrth the UK midwives providing mu¢h needed educational and practical support. This was undertaken by holding skill-shaTing workshops wrth local staff. During the Covid pandemic, these sessions continued bul were delivered by Zoom. Unfortunately, the support lo Liberia had lo be suspended, due lo the lack of the required feedback data being piovided, bul il is hoped that this can be re-eslablished at some lime in the not too dFslanl future. SIERRA LEONE In 2007, Sierra Leone with a Maternal Mortalty Ratio IMMRI of 2,100 de*hs per 100,¢JOO live births, was deemed lo be the most dangerous place on earth to have a baby. To give this figure some pefspeclive, the UKS MMR is around 9 per 100,000 livo births. This beautiful country has been politically stable for some years following the civil war. Since then, the people have endured the catastrophic Ebola Outbreak, a major landslide, signrficant fires in the poorest communities and then of ourse Covid. Since LFAM'S activities have returned to pr&pandemic levels. we have sent almost 200,000 lablels of Misoproslol and three groups of midwives have given up their annual leave in order lo travel to Sierra Leone, groups which always include someone who has travelled there before. In April 2023 the CEO visited Freetown where she saw for herself. the wam) response and ¥eaclion of the Ministry of Heafth and clinical staff to our partnership with their country. Later in 2023, LFAM ieceived the news from Sierra Leone's Chief Nurse, that their MMR had redUd from 2.100 10 443 per 100,000 live births. She and other Ministry staff were generous in their recognilwjn of LFAM'S conlributson lo this reduction, through the provision of the medication and training. During the vis({ in October 2023 by UK midwives. it was noted that there were clinical staff who excelled al learning and delivering training to Ihoir peers, so it was then proposed that LFAM creates Midwrfe Champions, who would lake ownership of the challenge and travel into the counties to deliver the training. This had the added benefit of the Champions using the local dkalecl, thereby reducing the risk of any misunderstanding. The further bonus, was that the Ministry of Health gave their midwives ¥ingfenced lime in order to provide this lrfesaving work. It also meant that grants provided to LFAM for UK midwives lo travel lo Sierra Leone, would stretch further in only needing to cover the in-counlry eosls. This innovative change has prov&1 lo be an extra-ordinary success, with the Chief Nurse Iravelling into one of the counties to visrt one of the Champion led workshops. In late 2023, the medication donor company ceased Ets support, but happily LFAM has established contact with anolhei company, whose product 15 equal as efficient as the original supplies. A further improvement lo LFAM'S ability lo deliver our work, has been the funding of a vehicle. This has transformed life for our team in Freetown, ab led by Morlai Kamara. Tho distribution of the medications and collection of the required data, plus moving our teams around has beon changed for the better.
Life for Afrlcan Mothers Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {conUnuodJ Year ended 31 March 2024 Achi8vements and perfomianc8 {continu8dJ ACKNOWLEDGEMENTS The Board woukl like lo offer their Congratulations and thanks lo the following indivKluals and organisalions for their ongoing SUPPOrt. The Board would like lo offer Special congratulations to Mortal Kamara who ccynpleled an online degree in Heahh Policy at Gloucester University and thanks to RGifts who sponsored his flight, was able lo attend his graduation in November. Thanks again lo Morlai Kamara and his team of volunteers in Freetown. One of the group of wonderful volunteers, Mr Abdul Bangura, who has been a vital part of the LFAM famity for 10yrs, became very unwell and sadly died just before Christmas. We thank him and his family for his selfless work saving rnolhers. Our very own vehicle has been named after him and Abdul's Son has stepped in lo fill his father's very large shoes. The work in Sierra Leong would not be as successful, wlhout the government's own team in Freetown. comprising senKJr clinicians, who give LFAM the very best advi in how to use the reSOurS available to the best effect. A special thanks lo the local midwives, who often deliver the best possible care. in the worst possble circumstances. You have our total respect and admiration. Also the Aberdeen Women's Hospital where our medication is stored and from where it is dislribuled. Jonathan Fihodes and his team at Walter Hunter. who look after our account and provide invaluable advice. The WCVA, who administer Welsh Government grants as part of the Hub Cymru Africa Programme. The Waterloo Foundation. who provided the funds for the purchase of our fifst ever vehicle. Th8 James Tudor Trust, who inrtially planned to fund visit5 by UK MI1ve$, but generous allowed LFAM lo rework the funds and redirect them to give ownership of the training lo the Ministry and local midwrfery Champions. Huntleigh Med8*, for donating £1,000 worth equipment. Thi8 comprisd of a Fatal Doppler and an Oxygen Saturation Monitor. Finally thank you lo anyone who has contributed to LFAM'S work, however small you think il might be. Everything helps to make a drfference. Financial review Risk Assessment The Iruslees of LFAM recognise their responsibilty to ensure that the asset5 and resources of the organisalion are used lo the best effect in order to ensure that its work Continues. Regular financial reports are given to the 8oaTd of Iruslees for financial decisions. Annual accounts arg prepared for inspection.
Life for African Mothers Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnu8 Year ended 31 March 2024 Plans for future periods At the end of 2023 and beginning of 2024, LFAM was funded by the WCVA to undertake an evaluation of our work. This has been completed and submilled to the WCVA. Further exciting projects are being developed for Siefra Leone, whiGh will fom part of nexi yearfs report and will appear in our social media. PERSONALIA The CEO had planned on stepping down during the past year.. however her temporary break, ended in September 2023. During this current year, she will step aside as CEO bul remain on the Board. There have been changes to the Board of Trustees, wrth three resigning for work related and personal reasons, leading to new faces joining. Each brings personal experience and skills. LFAM has moved back lo its first home of the beautiful Temple of Peace and Health in Cardiff, where we have a desk, plus work from home. Small company provisions This report has been prepared in accordance with the provisions applicable to companies enlilled to the sm811 companies exemption. 10 Dee 2024 The trustees. annual report was approved on Iruslees by.. and sign8d on behalf of the board of Afvl.6c¥LoA Aylott- Chair and Treasurer Trustee A Gorman MBE Trustee 04 Dec 2024
Life for African Mothers Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Life for African Mothers Year ended 31 March 2024 I report lo the trustees on my examination of the financial statement5 of Lrfe for African Molheis Ilho chartty'} for the year ended 31 March 2024. Responsibilities and basls of report As the trustees ol the company 18nd also its directors for the purposes of company law) you are responsible for the preparation of the financial statement5 in accordan with the requirements of the Companies Act 2006 {Ihe 2006 Acl'}. Having Satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Aet and are eligible for independent oxaminalion, I report in respect of my examination of the char41y's accounts as carried out under section 145 of the Charities Act 2011 (Xhe 2011 A¢l'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examlnerfs statgment I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe.. ac¢ounting records were not kept in resped of the charity as required by section 386 of the 2006 Act," or the financial statements do not acrd wtih those records,. or the financial slalements do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter Considered as part of an independent examination., or the financial stslements have not been prepared in accordance wrth the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities applicable lo ehaiilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Jonathan Rhodes Bsc BFP FCA Independent Examiner 24 Bridge Street Newport South Wales NP20 4SF l D fl(& bL¥-
Life for African Mothers Company Llmited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total fund$ Total funds 2023 Unrestricted funds Income and endowments Dona150ns and legacie8 Investment income 86,988 1,500 50.400 137,388 1,500 118.742 Total income 88,488 50,41JO 138,888 118,742 Exp8nditur8 Expenditure on charitable activtties Total expenditure 164,759 32,282 197,041 197,041 141,084 164,759 32,282 141,084 Net expendlture and net movement In funds {76,271) 18,118 158,153) 122.342) Roconciliation of funds Total funds brought forward Totsl fund$ carried forward 113.733 15,551 129,284 151,626 37,462 33,669 71.131 129,284 The statement of f5nancial adivfiies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The noteg on pages 9 to 17 fomi part of th•sè fflnanclal ststements.
Life for African Mothers Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Not• Fixed assèts Tangible fixed assets 14 12.212 Curr9nt assets Debtors Cash at bank and in hand 15 3,856 56,049 25,456 110,113 59.905 135,569 Credhors: amounts falllng due within ong ygar Not current assals 16 986 6,285 58.919 129,284 Total assets less current liabilities 71.131 129,284 Net assets 71.131 129,284 FLtnds of the charty Restri¢led funds Unrestrtcled funds 33,669 37,462 1 S,5S1 113,733 Total charity funds 17 71.131 129,284 For the year ending 31 March 2024 the charity was entitled to exemption from audrt under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have rt required the company to obtain an audit of ils financial statements for the year in question in accordance wrth section 476.. The directors acknowledge their responsibililres for complying with the requirements of the Act th respect to accounting records and the preparation of financial statements. These finan¢ial slaemenls have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. nancial slalemenls were approved by the board of ttustees and authoris8d for issue on and are signed on behalf of the board by.. AJ4.GcRMA M Ayloll- Chair and Treasurer Trustee A Gorman MBE Trustee 10 Dec 2024 Thè noi9¥ pago¥ 9 10 17 forni part of thgse financlal $tat•ments.
Life for African Mothers Company Llmited by Guarantee Notes to the Financlal Statements Year ended 31 March 2024 General infom)ation The charity is a public benefft entity and a privat8 company limited by guarante8, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Room 29. Temp of Peace, King Edward Vll Avenue, Cardrff, CF10 3AP. Statement of complianco These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applieable in the UK and the Republic of Ireland,, the Stslement of Recommended Practice apICable to charttie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lieland IFRS 102) Icharrtses SORP {FRS 1021) and the Companies Act 2006. Accountlng pollclgs Basis of preparatlon The financial ststemenls have been prepared on the historical cost basis. The financial stslemenls are prepared in slerfing, which is the functional currency ol the entity rounded lo the nearest polrnd. Golng concern There are no material uncertainties aboul the charity's ability to continue. Judgèments and key sources of estlmation uncertainty The preparation of the financial slalements requires management lo make judgements, eslimales and assumptions Ihal affect the amounts reported. These eslimales and judgements are Continual reviewed and are based on experience and other factors, including expe¢tats"ons ol future events that are believed lo be reasonable under the circumstances. Fund accountlng Unreslricled funds are available for use al the discretion of the trustees to fijrther any of the charity's purposes. Designated funds are unreslricled funds eami8rked by the trustees for particular fuluie project or commitment. Restricted funds are subjected lo reslrielions on their expenditure declared by the donor or through the tem)s of an appeal, and fall into one of two 8ub-cla8ses.' restricted income funds or endowment funds.
Life for African Mothers Company Limited by Guarantee Notes to the Flnancial Staternents (conynued) Year ended 31 March 2024 Accounting pollcS9s (conllnu¢d) Incomlng resources Al incoming resource$ are included in the statement of financial activities when entitlement has passed lo the charity,. it is probable that the economic benefts associated with the transaction will flow lo the charity and the amount can be reliabty measured. The following specific poli¢Es ale applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entidement to the grft, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from d¢naled gcK)ds is measured al the fair value of the goods unless this is irnpractical to measure Teliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when ieceived if the value can be reliabfy measured. ND amounts are included for the contribution ol general volunteers. income from contracts for Ihe supply of servIS is recognised wrth the delivery of the contracted service. This is classtfied as unrestrtcted funds unless there is a contractual requirement for il lo be spent on a parkncular purpose and returned rf unspent, in which case it may be regarded as restricted. Resources expendod Expenditure is recognised on an accruals basis as a liability is incurled. Expenditure includes any VAT which cannot be fully recovered. and ss classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds ineludes the costs of all fundraising activities, events, non-eharitabte trading activfiies. and the sale of donated go¢)Js. expenditure on charitable activitigs includes all sts incurred by a charty in undertaking activities that further ts charitable aims for the benefit of its beneficiaries. including those support $ts and costs relatin9 to the governance of the charity apportioned to chafilable aclNities. other expenditure includes all expendilule that is neither related lo raising funds for the charity nor part of lis exp8nditure on charitable a¢tNilies. All costs are allocated to expenditure categories reflecting the use of the resource. DI¢t costs attributable lo a single activity aTe allocated directty lo that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initsalty recorded al cost, and subsequently slatèd at cost less any accumulated depreciation and impairment losses. 10
Life for African Mothers Company Limited by Guarantee Notes to the Financlal Statements Icontinuedj Year ended 31 March 2024 Accountlng policies fconllnuo Dopreclatlon Depreciation is calculated so as lo write off the cost or valuation of an asset, less rts Tesidu81 value. over the useful economic lrfe of that asset as follows.. Motor Vehicle Equipment 20•A p.a. Straight line 330A p.a. Straight line Flnanclal Instrum8nts A financial asset or a financial liabilty is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are inrtialiy recognised at the amount receNable or payable including any lated transaction costs. Current assets and cuirent liabilities are 5ubsequentty measured al the cash or other consideration expected to be paid or received and not discounted. Limited by guarantee The charity is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken lo contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still 8 membor or within one year thereafter. There are 8 members of the company12023'. 10}. Donations and l•gacles Unrestricted Funds Restricted Total Funds FurKIs 2024 Donations Donated Medicines Donated Services Grft Aid Legacies Waterloo Foundation Government grant income 27,546 32,093 8,190 3,201 15,958 7,¢)00 34,546 32.093 8,190 3.201 15,958 25.000 18,400 25.000 18,400 86,988 50.400 137,388 11
Life for African Mothers Company Limited by Guarantee Notes to the Flnancial Statements (contrnu8 Year ended 31 Mar¢h 2024 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donated Medicines Donated Services Gift AM Legacies Waterloo Foundation Goveinmenl grant income 36,210 30,0(JO 4,532 28,000 64,210 30,000 4,532 20.000 20.000 90,742 28.000 118,742 Investmont income UnreStrted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1,500 1,500 Expgnditura on charitable actlvltles by fund typo Unrestricted Funds Restricted Total Funds Funds 2024 Liberia Sierra Leone Uganda Welsh Government Waledoo Foundation Support costs 10,773 135,989 10.773 135,989 7,000 22,469 2,525 18,285 7.000 22,469 2,525 288 17.997 184,759 32,282 197,041 Unrestricled Funds Restricted Total Funds Funds 2023 Liberia Sierra Leone Uganda Welsh Govemmenl Waterloo Foundation Support costs 54,895 51,487 54,895 51,487 14,057 14,057 20,645 20,645 127,027 14,057 141.084 12
Life for African Mothers Company Limlted by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 Expendlture on charitable actlvltles by actlvty type Activities undertaken directly Support Total funds costs 2024 Totsl fund 2023 Liberia Sierra Leone Uganda Welsh Government Waterloo Foundation 10.773 135,989 7,000 22,469 2.525 10,773 153,986 7.000 22,469 2,813 197.041 67,282 59,745 14,057 17,997 288 178,756 18,285 141,084 Analysis of support costs Waterloo Foundation Total 2024 Total 2023 Sieffa Leone Staff costs Premises Communications and IT General office Finance costs Governance costs Travel costs Repairs & maintenance Insurance Light & heat Depreciation 3,430 2.425 422 2,709 128 6.143 351 1,610 747 3,430 2.425 422 2.709 126 6.143 351 1,610 747 2,680 5,870 748 350 145 7.493 721 1,069 1,144 202 223 288 288 17,997 288 18.285 20,645 10, Net oxpenditure Nel expenditure is stsled after chargingllcrediling).. 2024 2023 Depreciation of tingible fixed assets 288 223 11. Independent examlnation fees 2024 2023 Fees payable lo the independent examiner for.. Independent examination ofthe financial statements 870 834 13
Life for African Mothers Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2024 12. Staff costs The total staff costs and employee benefits for the reporting perd are anabysed as follows.. 2024 2023 Woges and salaries 37.194 13,399 The avgrage head count of employees during the year was 212023.. 2). The average number of full-time equivalent employees during the year is analysed as ft)Ilows'. 2024 No. 2023 Number of staff No employe8 receThied employee benefits of more than £60,000 during the year {2023'. Nill. 13. Trust r8muneTation and expenses No remuneration or other benefi'ts from employment wlh the charity or a related entity were received by the Iruslees. 14
Life for African Mothers Company Limited by Guarantee Notes to the Financlal Statements (conllnued) Year ended 31 March 2024 14. Tangible fixed assets Motor vehicle5 Equipment Total Cost Al 1 Api 2023 Additions 3,138 3,138 12,500 12,500 At 31 Mar 2024 12,500 3,138 15,638 Depreciation At 1 Apr 2023 Charge for the year At 31 Mar 2024 3.138 3.138 288 288 288 3.138 3,426 Carrying amount At 31 Mar 2024 12.212 12.212 At 31 Mar 2023 15. Debtors 2024 2023 Plepaymenls and accrued income Other dèbtors 3,839 17 25,456 3,856 25.456 16. Credltors: amounts falllng due within onè year 2024 2023 Trade credrtors Accruals and deferred income Social security and other tsxes Other creditors 116 870 4.340 1.2TI 25 986 6,285 15
Life for African Mothers Company Limited by Guarantee Notes to the Flnancial Statetnents (con•nu¢d) Year ended 31 March 2024 17. Analysls of charftablg funds Unrestricted funds Al 1 Apr 2023 At Income Expenditure 31 Mar 2024 General lunds 113,733 88,488 1164.7591 37,462 At 1 Apr 2022 At Incomg Expenditure 31 Mar 2023 General funds 150,018 90,742 1127,0271 113,733 Restrictod funds At 1 Apr 2023 At Income Expenditure 31 Mar 2024 Restricted Fund Welsh Government fund Water1 Ftsundalion 15,551 7.000 18,400 25,000 {7,0(Kll 122,4691 {2,8131 132,2821 15.551 {4,0691 22,187 33,669 15,551 50.400 At 1 Apr 2022 Al Income Expenditure 31 Mar 2023 Reslrided Fund Welsh Govemmenl fund Waterloj Foundation 1,608 28.000 114,0571 15,5S1 1,608 28.000 114,0571 15,551 Wlhin the restricted fund is retained £22.187 of tho Waterloo Foundation grant award of £25,000. £12,212 is for the provision for depreciation costs over the next 5 years of the motor vehicle purchased in January 2024. other reslricled funds include funds from the Wales and Africa Grant Scheme. 16
Life for African Mothers Company Limited by Guarantee Notes to the Detalled Statement of Financial Actlvltles Year ended 31 March 2024 18. Analy$ls of net assets between funds Unrostricled Funds Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets 12,212 21.457 12,212 58.919 37,462 Not assgts 37,462 33,669 71,131 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets 113,733 15,551 129.284 Net assgts 113,733 15,551 129,284 17