| Page | ||
|---|---|---|
| Trustees' report |
1-8 | |
| Statement ofTrustees' | responsibilities | |
| Independent auditor's |
report | 10-12 |
| Statement offinancial | activities | 13 |
| Balance sheet | 14 | |
| Statement ofcash flows | 15 | |
| Notes to the financial statements | 16-25 |
| Trustees | FAbuali | ||
|---|---|---|---|
| AAlmashal | |||
| SBonfiglio | |||
| A Chryssicopoulos | |||
| C Gonzalez-Bunster | |||
| L Gonzalez-Bunster | |||
| R Gonzalez-Bunster | |||
| Z Nassif | |||
| AVan Holk | |||
| Charity number | 1140850 | ||
| Company | number | 07549393 | |
| Registered | office | Worlds End Studios Ltd. | |
| 132-134Lots Road | |||
| Unit 225 | |||
| London | |||
| SW10 ORJ | |||
| UK | |||
| Auditors | Arnold Hill &Co LLP |
||
| Sixth Floor | |||
| Capital Tower | |||
| 91Waterloo Road | |||
| London | |||
| SE18RT | |||
| Registered | name | Walkabout Foundation |
UK |
| Chief executive officer | C Gonzalez-Bunster | ||
| Chairman | C Gonzalez-Bunster | ||
| AVan Holk | |||
| Bankers | HSBC Bank PLC | ||
| 76-78 King's Road | |||
| London | |||
| SW34TZ | |||
| Solicitors | Clifford Chance LLP | ||
| 10Upper Bank Street | |||
| London | |||
| E145JJ |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Notes | 6 | ||||
| Income from: | |||||
| Donations and legacies |
151,325 | 543,467 | 694,792 | 298,276 | |
| Charitable activities |
264,104 | 264,104 | 154,227 | ||
| Tota I income | 415,429 | 543,467 | 958,896 | 452,503 | |
| ~dd td |
|||||
| Raising funds | 4 | 68,494 | 68,494 | 26,734 | |
| Charitable activities |
5 | 212,524 | 451,838 | 664,362 | 305,995 |
| Total resources expended | 281,018 | 451,838 | 732,856 | 332,729 | |
| Net income for the period | 134,411 | 91,629 | 226,040 | 119,774 | |
| Fund balances at 1 January 2021 | 207,097 | 194,472 | 401,569 | 281,795 | |
| Fund balances at 31 December 2021 | 341,508 | 286,101 | 627,609 | 401,569 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||
| Fixed assets | |||||||
| Tangible assets | 3,781 | ||||||
| Current assets | |||||||
| Stocks | 10 | 79,381 | 85,416 | ||||
| Debtors | 11 | 13,552 | 86,968 | ||||
| Cash at bank and | in | hand | 592,904 | 352,127 | |||
| 685,837 | 524,511 | ||||||
| Creditors: amounts | falling due within | 12 | |||||
| one year | (62,009) | (122,942) | |||||
| Net current assets | 623,828 | 401,569 | |||||
| Total assets less | current liabilities | 627,609 | 401,569 | ||||
| Income funds | |||||||
| Restricted funds | 13 | 286,101 | 194,472 | ||||
| Unrestricted funds |
341,508 | 207,097 | |||||
| 627,609 | 401,569 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | ||||||
| Cash flows from operating | activities | ||||||
| Cash generated | from/(absorbed by) |
18 | |||||
| operations | 244,558 | (18,614) | |||||
| Investing activities |
|||||||
| Purchase oftangible fixed | assets | (3,781) | |||||
| Net cash used | in investing | activities | (3,781) | ||||
| Net increase/(decrease) | in | cash and | cash | ||||
| equivalents | 240,777 | (18,614) | |||||
| Cash and cash | equivalents | at beginning | ofyear | 352,127 | 370,741 | ||
| Cash and cash | equivalents | at end of | year | 592,904 | 352,127 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| s | s | |||||
| Funds generated | from charitable | activities | 264,104 | 154,227 | ||
| Analysis | by fund | |||||
| Unrestricted funds |
264,104 | 148,599 | ||||
| Restricted | funds | 5,628 | ||||
| 264,104 | 154,227 | |||||
| 4 | Raising funds | |||||
| 2021 | 2020 | |||||
| Fundraising | and publicity | 68,494 | 26,734 | |||
| 68,494 | 26,734 | |||||
| For the year ended 31 December 2020 | ||||||
| Fundraising | and publicity | 26,734 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| E | 6 | |||||
| Notes | ||||||
| Programme expenses |
530,127 | 276,743 | ||||
| Staff costs | 77,607 | 57,536 | ||||
| Other administrative | costs | 28,219 | 3,193 | |||
| Exchange | rate loss/(gain) | (2,492) | (9,593) | |||
| Contracted | services | 817 | 12,608 | |||
| Premises | costs | 16,406 | 21,207 | |||
| 650,685 | 361,694 | |||||
| Support and governance | costs | 13,677 | 11,657 | |||
| 664,362 | 373,351 | |||||
| Analysis | by fund | |||||
| Unrestricted funds |
212,524 | 227,029 | ||||
| Restricted | funds | 451,838 | 146,322 | |||
| 664,362 | 373,351 |
| Support costs | ||
|---|---|---|
| 2021 | 2020 | |
| 6 | 6 | |
| Audit fees | 1,900 | 3,050 |
| Legal and professional | 114 | 1,163 |
| Insurance | 11,663 | 7,444 |
| 13,677 | 11,657 |
| 2021 | 2020 |
|---|---|
| Number | Number |
| Management | and | administration |
|---|---|---|
| Programme | staff | |
| Fundraising | staff |
| 2021 6 |
2020f | |
|---|---|---|
| Wages and salaries | 126,553 | 78,879 |
| Social security costs | 8,043 | 32,346 |
| Pension costs | 2,020 | 7,353 |
| 136,615 | 118,578 |
| Tangible | fixed assets | |||
|---|---|---|---|---|
| Fixtures, | Computers | Total | ||
| fittings & |
||||
| equipment | ||||
| 6 | ||||
| Cost | ||||
| Additions | 400 | 3,381 | 3,781 | |
| At 31 December 2021 | 400 | 3,381 | 3,781 | |
| Carrying | amount | |||
| At 31 December 2021 | 400 | 3,381 | 3,781 |
| 10 | Stocks | ||||
|---|---|---|---|---|---|
| 2021 6 |
2020f | ||||
| Finished goods and goods for resale | 79,381 | 85,416 | |||
| 11 | Debtors | ||||
| Amounts falling due |
within one year: | 2021 6 |
2020f | ||
| Other debtors | 3,534 | 3,534 | |||
| Prepayments | and accrued income | 10,018 | 83,434 | ||
| 13,552 | 86,968 | ||||
| 12 | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| 8 | |||||
| Other taxation | and social security | 2,959 | 3,023 | ||
| Trade creditors | 53,526 | ||||
| Accruals and | deferred | income | 5,524 | 119,919 | |
| 62,009 | 122,942 |
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
|---|---|---|---|---|---|
| January | resources | expended | December 2021 | ||
| 2021 | |||||
| 8 | |||||
| Administration | 21,442 | 47,500 | (68,942) | ||
| Research | 100 | 100 | |||
| Haiti | 61,200 | (11,975) | 49,225 | ||
| Uganda | 50,000 | 84,289 | (29,592) | 104,697 | |
| Kenya | 25,533 | 92,453 | (117,986) | ||
| East Africa | 10,093 | (10,093) | |||
| Donation | in kind | 85,416 | 199,860 | (154,198) | 131,079 |
| Venezuela | 640 | 7,500 | (8,140) | ||
| Argentina | 348 | 50,564 | (50,913) | ||
| Wheelchairs | 1,000 | 1,000 | |||
| 194,472 | (451,838) | 286,101 |
| Analysis o | f net | assets | between fun | ds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||||
| funds | funds | ||||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||||
| 6 | 5 | 6 | 6 | ||||||||
| Fund balances at 31 December 2021 | are | ||||||||||
| ,represented | by: | ||||||||||
| fangible assets | 3;781 | 3,781 | |||||||||
| Current assets/(liabilities) | 337,727 | 286,101 | 623,828 | 401,569 | |||||||
| 341,508 | 286.101 | 627,609 | 401,569 | ||||||||
| Operating | lease commitments | ||||||||||
| At the reporting | date the | Foundation | had | outstanding | commitments | for | future | minimum | lease payments | under | |
| non-cancellable | operating | leases, which | fall due as | follows: | |||||||
| 2021 | 2020 | ||||||||||
| 6 | 5 | ||||||||||
| Within one | year | 5,001 | 5,001 |
| 18 | Cash generated from |
operations | operations | 2021 | 2020 |
|---|---|---|---|---|---|
| 8 | 8 | ||||
| Surplus for the year | 226,040 | 119,773 | |||
| Movements in working |
capital: | ||||
| Decrease/(increase) in |
stocks | 6,035 | (85,416) | ||
| Decrease in debtors |
73,416 | 39,402 | |||
| (Decrease) in creditors | (60,933) | (92,373) | |||
| Cash generated by/(absorbed |
by) operations | 244,558 | (18,614) |
| Changes to | the balance sheet | ||||
|---|---|---|---|---|---|
| At 31 | December 2020 | ||||
| As previously | Adjustment | As restated | |||
| reported | |||||
| 6 | 8 | 6 | |||
| Current assets | |||||
| Stocks | 85,416 | 85,416 | |||
| Debtors due | within one year | 129,208 | (42,240) | 86,968 | |
| Net assets | 358,393 | 43,176 | 401,569 | ||
| Capital funds | |||||
| Income funds | |||||
| Restricted funds | 151,296 | 43,176 | 194,472 | ||
| Unrestricted | funds | 207,097 | 207,097 | ||
| Total equity | 358,393 | 43,176 | 401,569 |
| Changes | to th | e profit and loss account | |||
|---|---|---|---|---|---|
| Period ended 31 December | 2020 | ||||
| As previously | Adjustment | As restated | |||
| reported 6 |
f | g | |||
| Donations | and | legacies | 322,456 | (24,180) | 298,276 |
| Charitable | activities | 373,351 | (67,356) | 305,995 | |
| Net movement | in funds | 76,598 | 43,176 | 119,774 |