REGISTERED COMPANY NUMBER: 07575323 (England and Wales) REGISTERED CHARITY NUMBER: 1141280
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
People Charity
(A Company Limited by Guarantee)
Paul Hammett Accounting Solutions Ltd 11 Manor Road Wendover Buckinghamshire HP22 6HL
People Charity
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
People Charity
Report of the Trustees for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The education and empowerment of individuals and organisations who are in the position to intervene and invest in impoverished communities.
The prevention and relief of poverty anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable communities to meet the needs of the local residents.
Significant activities
Through 2021-22, we worked closely with our partners in Gituamba, Kenya, as we both recovered from the effects of the pandemic, which had caused significant disruption to our progress and education systems around the world. In Kenya, once schools closed, students were unable to continue their studies remotely. It goes without saying that broadband and tablets are not as widely available as elsewhere in the world. To catch up on lost time, the Kenyan Ministry of Education moved to a four-term year, which increased our costs accordingly. We had used scholarship funds from the previous year to help develop the Uzimatele Education Centre, so we did not have these funds in reserve.
Continuing our work to improve access to and quality of education in Gituamba, we enrolled three teachers in teacher training colleges, thus improving primary education for many. We enrolled eight new students onto our secondary scholarship programme and are pleased to report that a further four previous recipients of our scholarships have begun university studies. All of our graduates volunteered at our partnered primary school through the summer. In this way, they were able to invest back into their community and gain valuable experience as they began to apply for jobs of further education.
Having settled back into our established routine, we are once again making plans for our future; engaging with previous partnered schools and churches and looking ahead to sustainable growth opportunities. As part of this, we began the process of appointing a charity officer who will help apply for grants.
We are looking forward to renew our efforts in Liberia to further support communities there and have started to plan how we might do this in a sustainable way. We are currently looking at developing a cocoa trading company and have plans to explore this as a board and with external advisors.
Trustees of People, our partners and the communities with whom we are proud to work are incredibly grateful for the generosity of our supporters and donors who have enabled all that we do.
We confirm that the trustees have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
a. This year, our scholarship programme has supported young people through both school and vocational training schemes. This has been delivered in partnership with Uzimatele Ministries.
b. Our scholarship programme has expanded to provide support to training teachers. This is a strategic move to deliver sustainable and improved primary education.
c. People have sent funds to support a children's home in Gituamba, providing a home and family for orphaned children. d. We have sent funds to support a sport for development programme, delivered by a trusted partner.
e. We have made plans to engage a charity officer to generate key funds.
FINANCIAL REVIEW
Reserves policy
The Reserve Policy of People Charity is to hold a sum equivalent to six months average expenditure. This should be sufficient to meet any unforeseen or major expenditure.
Page 1
People Charity
Report of the Trustees for the Year Ended 31 March 2022
FINANCIAL REVIEW Funds in deficit
There are none.
FUTURE PLANS
-
We are at an exciting stage. We are considering how we can develop more financially sustainable and therefore longer and further reaching programmes. We are keen to develop a new charitable principle, that will allow us to work for efficiently and effectively.
-
As part of the above, we continue to work with partners in Liberia to scope the possibility of establishing a cocoa project that will operate as a viable business whilst empowering local people. We want to challenge the culture of an industry that leaves many thousands of people without basic human rights, and yet affords others with luxury both in terms of chocolate and wealth.
-
We intend to train more teachers and find ways of empowering them through culture and pedagogy.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
Charitable Company
Recruitment and appointment of new trustees
Appointed by the consensus on the board.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07575323 (England and Wales)
Registered Charity number
1141280
Registered office
1a The Chandlery 50 Westminster Bridge Road London SE1 7QY
Trustees
M Gibbs Miss J Greening (resigned 1/1/2022) D J Parr T Woodall
Company Secretary
D J Chalke
Independent Examiner
Paul Hammett Accounting Solutions Ltd 11 Manor Road Wendover Buckinghamshire HP22 6HL
Approved by order of the board of trustees on 19 December 2022 and signed on its behalf by:
Page 2
People Charity
Report of the Trustees for the Year Ended 31 March 2022
T Woodall - Trustee
Page 3
Independent Examiner's Report to the Trustees of People Charity
Independent examiner's report to the trustees of People Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
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
-
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.
Paul Hammett, MAAT Paul Hammett Accounting Solutions Ltd 11 Manor Road Wendover Buckinghamshire HP22 6HL
Date: .............................................
Page 4
People Charity
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,915 18,999 EXPENDITURE ON Raising funds 914 - Charitable activities Scholarships - 12,243 Uzima Tele - 6,669 Other Charitable Activities 1,111 - Covid-19 Campaign - - Other 21 - Total 2,046 18,912 NET INCOME 5,869 87 RECONCILIATION OF FUNDS Total funds brought forward 17,626 14,507 TOTAL FUNDS CARRIED FORWARD 23,495 14,594 |
2022 Total funds £ 26,914 914 12,243 6,669 1,111 - 21 20,958 5,956 32,133 38,089 |
2021 Total funds £ 33,164 |
|---|---|---|
| 1,288 12,737 4,787 691 2,100 - |
||
| 21,603 | ||
| 11,561 20,572 |
||
| 32,133 |
The notes form part of these financial statements
Page 5
People Charity
Statement of Financial Position
31 March 2022
| Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Cash in hand 23,495 14,594 NET CURRENT ASSETS 23,495 14,594 TOTAL ASSETS LESS CURRENT LIABILITIES 23,495 14,594 NET ASSETS 23,495 14,594 FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 38,089 38,089 38,089 38,089 23,495 14,594 38,089 |
2021 Total funds £ 32,133 |
|---|---|---|
| 32,133 | ||
| 32,133 | ||
| 32,133 | ||
| 17,626 14,507 |
||
| 32,133 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 December 2022 and were signed on its behalf by:
T Woodall - Trustee
The notes form part of these financial statements
Page 6
People Charity
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
2022 2021
continued...
Page 7
People Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | FROM LAST YEAR | FROM LAST YEAR | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 9,364 | 23,800 | 33,164 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 1,288 | - | 1,288 | |||
| Charitable activities | ||||||
| Scholarships | 36 | 12,701 | 12,737 | |||
| Uzima Tele | - | 4,787 | 4,787 | |||
| Other Charitable Activities | 691 | - | 691 | |||
| Covid-19 Campaign | - | 2,100 | 2,100 | |||
| Total | 2,015 | 19,588 | 21,603 | |||
| NET INCOME | 7,349 | 4,212 | 11,561 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 10,277 | 10,295 | 20,572 | |||
| TOTAL FUNDS CARRIED FORWARD | 17,626 | 14,507 | 32,133 | |||
| 5. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1/4/21 | in funds | 31/3/22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 17,626 | 5,869 | 23,495 | |||
| Restricted funds | ||||||
| Liberia | 1,288 | - | 1,288 | |||
| Scholarship | - | 553 | 553 | |||
| Uzima Tele | 2,249 | (466) | 1,783 | |||
| Project Management costs | 6,000 | - | 6,000 | |||
| Uzima Tele Educational Centre | 4,436 | - | 4,436 | |||
| Covid 19 Campaign | 534 | - | 534 | |||
| 14,507 | 87 | 14,594 | ||||
| TOTAL FUNDS | 32,133 | 5,956 | 38,089 |
continued...
Page 8
People Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,915 | (2,046) | 5,869 |
| Restricted funds | |||
| Scholarship | 12,796 | (12,243) | 553 |
| Uzima Tele | 6,203 | (6,669) | (466) |
| 18,999 | (18,912) | 87 | |
| TOTAL FUNDS | 26,914 | (20,958) | 5,956 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/4/20 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,277 | 7,349 | 17,626 |
| Restricted funds | |||
| Liberia | - | 1,288 | 1,288 |
| Uzima Tele | - | 2,249 | 2,249 |
| Project Management costs | 6,000 | - | 6,000 |
| Uzima Tele Educational Centre | 4,295 | 141 | 4,436 |
| Covid 19 Campaign | - | 534 | 534 |
| 10,295 | 4,212 | 14,507 | |
| TOTAL FUNDS | 20,572 | 11,561 | 32,133 |
continued...
Page 9
People Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,364 | (2,015) | 7,349 |
| Restricted funds | |||
| Liberia | 1,288 | - | 1,288 |
| Scholarship | 12,701 | (12,701) | - |
| Uzima Tele | 7,036 | (4,787) | 2,249 |
| Uzima Tele Educational Centre | 141 | - | 141 |
| Covid 19 Campaign | 2,634 | (2,100) | 534 |
| 23,800 | (19,588) | 4,212 | |
| TOTAL FUNDS | 33,164 | (21,603) | 11,561 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,277 | 13,218 | 23,495 |
| Restricted funds | |||
| Liberia | - | 1,288 | 1,288 |
| Scholarship | - | 553 | 553 |
| Uzima Tele | - | 1,783 | 1,783 |
| Project Management costs | 6,000 | - | 6,000 |
| Uzima Tele Educational Centre | 4,295 | 141 | 4,436 |
| Covid 19 Campaign | - | 534 | 534 |
| 10,295 | 4,299 | 14,594 | |
| TOTAL FUNDS | 20,572 | 17,517 | 38,089 |
continued...
Page 10
People Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,279 | (4,061) | 13,218 |
| Restricted funds | |||
| Liberia | 1,288 | - | 1,288 |
| Scholarship | 25,497 | (24,944) | 553 |
| Uzima Tele | 13,239 | (11,456) | 1,783 |
| Uzima Tele Educational Centre | 141 | - | 141 |
| Covid 19 Campaign | 2,634 | (2,100) | 534 |
| 42,799 | (38,500) | 4,299 | |
| TOTAL FUNDS | 60,078 | (42,561) | 17,517 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 11