2021-03-31-accounts - The Prompt Maternity Foundation

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		Page
Report ofthe Trustees	3	to	13
Report ofthe Independent Auditors	14	to	16
Statement ofFinancial Activities		17
Balance Sheet		16
Cash Flow Statement		19
Notes to the Cash Flow Statement		20
Notes to the Financial Statements	21	to	31

	for	the Year	End	ed 31March 2	021
						2021	2020
				Unrestricted	Restricted	Total	Total
INCOME AND ENDOWMENTS	FROM	Notes		fund 8	funds	funds 8	funds
Donations end legacies				2,594		2,594	7,200
Charitable activities
Training Research				13,634	95,000	13,634 95,000	314,108 801,982
Other trading activities Investment income Other income				3,234 1,890 28,352	1,937	3,234 1,890 30,289	3,150 3,701 34,838
Total				49,704	96,937	146,641	1,164.979
EXPENDITURE ON
Raising funds				217		217	686
Charitable activities
Training Research				80,295 4,222	646,214	80,295 650,436	51,969 796,519
Total				84,734	646,214	730,948	849,174
NET INCOME/(EXPENDITURE)				(35,030)	(549,277)	(584,307)	315,805
Transfers between funds		20	~31,307)		31,307
Net movement in funds				(66,337)	(517,970)	(584,307)	315,805
RECONCILIATION OF FUNDS
Total funds brought forward				546,499	872,919	1,419,418	1,103,613
TOTAL FUNDS CARRIED FORWARD				480,162	354,949	835,111	1,419,418

REGISTERED COMPAN	Y NUMBER: 07506593(Engl	and and Wales)
	~9, 83 31March 2021
		2021	2020
FIXEDASSETS	Notes	2	2
Intangible assets Tangible assets Investments	14 15 16	1 4,434	1 561 1
		4,435	563
CURRENT ASSETS
Debtors Cash at bank and in hand		57,871 1,136,851	51,114 1,709,601
		1,194,722	1,760,715
CREDITORS
Amounts falling due within one year	18	(364,046)	(341,860)
NET CURRENT ASSETS		830,676	1,418,855
TOTAL ASSETSLESSCURRENT LIABILITIES		835,111	1,419,418
NETASSETS		835,111	1.419,418
FUNDS	20
Unrestricted funds Restricted funds		480,162 354,949	546,499 872.919
TOTALFUNDS		835.111	1,419.418

			Cash Flow Statement
		for	the Year Ended 31March	2021
				2021	2020
			Notes
Cash flows from operating	activities
Cash generated from operations			1	~070.1167	226,585
Net cash (used in)/provided	by operating	activities		~570.116)	226,585
Cash flows from investing	acfivipdies
Purchase oftangible fixed assets Sale oftangible fixed assets Sale offixed asset investmenbi				(5,144) 598 1
Interest received				1,890	3,701
Net cash (used in)/provided	by investing	activities		~2000	3,701
Cash flows from gnsncing	activities
Loan repayments in year				21
Nst cash provided by financing activities				21
Change In cash and cash equivalents the reporting period Cash and cash equivalents at the		in		(572,750)	230,385
beginning ofthe reporting	period			1,709,601	1,479,216
Cash and cash equivalents	atthe end	of
the reporting period				1,130.851	1,700,601

ACTIVlllES	CSH	FLOW FROM OPERAll	NG
		2021	2020
Net (expenditure)fin come for ths reporting Statement ofFinancial Activities) Adjustmsnts for:	period (as per the	6 (584,307)	6 315,805
Depreciation charges Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors		673 (1,890) (6,778) 22,186	471 (3,701) 95,534 ~181,524)
Net cash (used in)/provided by operations		~070.710	226,585

	At 1.4.20	Cash flow	At31.3.21
Net cash	6
Cash at bank and in hand	1,709,601	~572,750)	1,136,851
	1.700,601	~070,700	1.130,051

Donations				2021 8 2,594	2020f 7,200
OTHER TRADING		ACTIVITIES
				2021	2020
Fundrsising events				3,234	3,150
INVESTMENT INCOME
Deposit account	interest			2021f 1,890	2020 5 3,701
INCOME FROM	CHARITABLE ACTIVITIES
Course fees Grants			Activity Training Research	2021f 13,634 95,000	2020 8 314,108 801,982
				108,634	1,116.090
Grants received,	included		in the above, are as follows:
				2021f	2020 8
RAISING FUNDS
Raising donations		and	legacies
				2021	2020
Fundraising costs Support costs				8 217	266 420
				217	686

			Direct	Support
			Costs (see	costs (see
Training Research			note 8) 6 646,213	note 9) 80,295 4,223	Totals 6 80,295 650,436
			~646 213	84,518	730,731
DIRECT COSTS OF CHARITABLE ACTIVITIES
				2021	2020
Staff costs Direct costs				547,737 98,476	6 376,343 338,565
				646,213	714,908
SUPPORT COSTS
					Management
Training Research					80,295 4,223
					84,518
Support costs, included	in the above, are as follows:
INanagement
				2021	2020
				Total	Total
		Training	Research	activities	activities
Wages Social security Insurance Printing, postage and stationery Advertising and branding Travel and subsistence Meeting room hire and catering Rent		30,131 5,212 1,499 (184)	8 1,586 274 79 (13)	8 31,717 5,486 1,578 (197)	6 105,992 150 4,437 245 223 8,892 1,907
IT Professional fees Consultancy fees Bank charges Support, Training, Volunteer Sundry Course and MD fees Exchange loss/(gain) Bad debt write off Depreciation oftangible and heritage assets		7,911 15,143 190 3,072 1,166 129 4,841 10,545 640	417 797 10 163 62 7 255 553 33	8,328 15,940 200 3,235 1,228 136 5,096 11,098 873	2,501 1,772 13,414 19,502 334 510 185 8,932 (35,467) 471
		80,295	4,223	84,518	134,000

Trustees and 2 Key	mana	gement personnel	received 827,817)	.	or rave expe	nses (2020:
STAFF COSTS
					2021	2020
Wages snd salaries Social securiiy costs					8 579,204 250	2 482,335 150
					579,454	482,485
The average monthly	number ofemployees		during the year was	as follows:
Full or pari time staff					2021 12	2020 16
The number cfemployees		whose employee	benefits (excluding	employer pension	costs) exceeded	860,000was:
860.001 - F70,000					2021	2020
						1

COMPARATIVES FOR THE S	TATEMENT OF FINA	NCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
INCOME AND ENDOWMENTS	FROM	8	8	6
Donations and legacies		6.198	1,002	7,200
Charitable acgvities
Training Research		255,108	59,000 801,982	314,108 801,982
Other trading activities Investment income Other income		3,150 3,701 30,792	4,046	3,150 3,701 34,838
Total		298,949	866,030	1,164,979
EXPENDITURE ON
Raising funds		686		686
Charitable acSvities
Training Research		50,380 91,897	1,589 704,622	51,969 796,519
Total		142,963	706,211	849,174
NET INCOME		155,986	159,819	315,805
Transfers between funds		~12,058)	12,058
Net movement in funds		143,928	171,877	315,805
RECONCILIATION OF FUNDS
Total funds brought forward		402,571	701,042	1,103,613
TOTAL FUNDS CARRIED FORWARD		546,499	872,919	1,419,418
INTANGIBLE FIXEDASSETS
				Intellectual
				Property
				Rights
COST				6
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
				1
At 31 March 2020
				1

TANGIBLE FIXEDASSETS
	Computer
COST	equipment f
At 1 April 2020 Additions	4,574
Dispossls	5,144 ~598)
At 31 March 2021
	9,120
DEPRECIATION
At 1 April 2020 Charge foryear	4,013 673
At 31 March 2021	4,686
NET BOOK VALUE
At 31 March 2021
	4,434
At 31 March 2020
	561

		2021	2020
Aggregate capital	and reserves	6	6 1
PROMPT Maternity	China Ltd was dissolved on 3November 2020.
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
Trade debtors Amounts owed by group undertakings Other debtors Prepsyments and accrued income		49,780 7,341 750	6 39,812 21 9,561 1,720
		57,871	51,114

Deferred	income
Deferred Income at 1 April 2020 Resources deferred in the year Amounts released from previous years			f 129,409 109,542 ~20118).
Deferred	Income at	31 March 2021	218,233

ANALYSIS OF	NET ASSETSBETWE	EN FUNDS
				2021	2020
		Unrestricted	Restdicted	Total	Total
Fixed assets Investments		fundf 4,435	funds	funds f 4,435	funds f 562
Current assets Current liabilities		839,773 ~364,046)	354,949	1,194,722 ~304,046)	1 1,760,715 ~34).860)
		400,162	354.949	035,111	1.~19,418
MOVEMENT IN FUNDS
			Net	Transfem
Unrestricted funds		At 1.4.20 f	movement in funds f	between funds f	At 31.3.21 f
General fund		546,499	(35,030)	(31,307)	480,162
Restricted funds
Mpilo Zimbabwe Midwives Training	Fund Fund	3,310 90			3,310
CL Eskell Bursary fund E=QUALS Fund ODON 5 - Human Factors Fund ODON 7 Fund ODON 10Fund Dl Head Fund HF - Social Franchising The Scaling Project BMGF - Assist		650 1,381 4,200 94,409 3,767 6,478 3,876 754,757	(1,381) (18,198) (19,588) (3,876) ~506,234)	18,197 13,110	650 4,200 94,409 3,767 248,523
		872,919	~549,277)	31,307	354,949
TOTAL FUNDS		1419418	~584 30))		835.111

Net movement in funds, includ	ed in the abo	ve are as follows:
			Incoming	Resources	Movement
Unrestricted funds			resources f	expended f	in funds
General fund			49,704	(84,734)	(35,030)
Restricted funds
E=QUALS Fund Dl Head Fund HF - Social Franchising The Scaling Project BMGF - Assist			95,000 1,937	(1,381) (18,198) (1'l4,588) (3,876) ~508,'l71)	(1,381) (18,198) (19,588) (3,876) F506,223344)
			96,937	(646,214)	(549,277)
TOTAL FUNDS			146,641	~730,948)	~584,307)
Comparstives for movement	in funds
			Net	Transfers
Unrestricted funds		At 1.4.19 f	movement in funds f	between funds f	At 31.3.20 f
General fund		402,571	155,986	(12,058)	546,499
Restricted funds
Mpilo Zimbabwe Fund Overseas Training Appeal Fund Midwives Training Fund CL Eskell Bursary fund E=QUALS Fund ODON 5-Human Factom Fund ODON 7Fund ODON 9Fund ODON 10Fund Dl Head Fund HF - Social Franchising The Scaling Project BMGF - Assist		3,490 290 1,209 1,650 1,381 4.200 100,623 34,553 5,539 548,107	(153) (317) (1,119) (1,000) (6,214) 3,767 (46,610) 939 3,876 206,650	(27) 27 (6,214) 6,214 12,058	3,310 90 650 1,361 4,200 94,409 3,767 1 6,478 3,S76 754,757
		701,042	159,819	12,058	872,919
TOTAL FUNDS		1,103.813	315.805		'1,410,418