2021-03-31-accounts

				Page
Reference and administrative		details ofthe Charity, Its Trustees and advisers
Trustees' report				2-6
Independent	auditors' report	on the financial	statements	7- 10
Consolidated	statement offinancial activities
Consolidated	balance sheet			12
Charity balance sheet
Consolidated	statement ofcash flows			14
Notes to the	financial statements			15-30

Trustees				his AJ Hindman	his AJ Hindman	his AJ Hindman
				Mr WSG Smith
				MrJ Prabhay
Company	registered
number				07596900
Charity registered			number	1141552
Registered		office		73 Mount View		Road
				London
				f444SR
Company	secretary			Ma M C Phillips
Independent		auditors		Kreston Reeves			LLP
				Statutory Audllof and Chartered				Accountatlts
				Second Floor
				168Shoreditch			High Street
				London
				E1 6RA
Bank				TSBBank
				Box 1
				BX4 /SB
				VFX Pic
				65Leadenhall		Street
				London
				ECSA 2AD
				TransferWise	Limited
				56 Shoreditch		High Street
				London
				E16JJ

forthe year ended 31 March 202	1
		Unrestricted	Restricted	Total	Total
		funds	funda	funds	funds
		2021	2021	2021	2020
	Note		8	8	2
Income from:
Oonations and legacies			205,198	205,203	651,944
Other trading acfivities			481,173	401,1T3	740,842
Other investment income			105	105	1,029
Total income			686,476	686,481	1.393,815
Expenditure an:
Other trading ac0vi8es			328,415	328,415	496,378
Charitable activi0es		143,080	70,634	213,714	215,251
Tatal expenditure		143,080	399,049	642,129	711,629
Net movement in funds		(143,075)	287,427	144,352	682.186
Reconciliation offunds:
Talal funds brought fonvard		83T,032	203,264	1,040,296	358.110
Ifet movement in funds		(143,075)	287,427	144,352	682,186
Total funds carried forward		693,957	490,69'I	1,184,648	1,040,296

as at 81 March 202	1
						2020f
Current asssta
Debtors		14	867,110		23S,248
Cash at bank and in hend			900,218		809,278
			1,287428		1,045,526
Creditors: amounts	falling dus within one
year		16	(40,178}		(5,230}
}tetcurrent assets						1,040,298
Total assets less current llablljtfes				1,227,148		1,040,296
Creditors: amounts	faNlng due altar more
fhan one year				(42,800}
Total net assets				1,184,648		1,040,298
Che rlty funda
Restricted funds		17		490,691		203,264
Unrestricted funds		17		693,957		837,032
Total funds				1,184,548		1,040,296

					2021		2020
					$		6
Rxed assets
Investal nta				13	481,284		481,284
					451,2$4		481,284
Current assets
Debtors				14	3$4v465	58,897
Cash st bank	and In hend				S25,8$3	480,520
					890,148	537,217
Creditors: amounts year		falling due within one		15	f25,166)	(3,350)
Net current assets					6$4,982		533,867
Tots) net assets					1,12$,26$		995,151
Charity funds
Restricted funds				17	92,264		46,186
Unrsstrtcted	funds			17	1,034,002		948,965
Total funds					1,125,2$6		995,151
The Charily's	net~nt		in funds for lha	year was	f131.115(2020 - $433,203).

Consolidated statement ofcash flows	Consolidated statement ofcash flows	Consolidated statement ofcash flows
for the Yearendsd 31 March 202f
					2021	2020
					6
Cash flows from operating	activities
Net cash used in operating	activities				163,783	(814,442)
Cash flaws froin Investing	activities
Interest reoeived					105	1,029
Net cash provided by investing activities					105	1,029
Cash flows from financing	activities
Interest payable					(27)	(373)
Net cash used in financing	activities				(27)	(373)
Change ln cash and cash	equivalents		In the year		163,861	(813,786)
Cash and cash equivalents	at lhe beginning			ofthe year	869,276	1,62D,44D
Change in cash and cash equivalents		due to exchange rate movements			(72,923)	2.624
Cash and cash equivalents	atthe end		ofthe year		960,216	809,276

	Unrestricted	Restricted	Totaf	Total
	funds	funds	funds	funds
	2021f	2021f	2021f	2020f
Donations		1T,T36	17,741	469,IXIB
Legades		2.154	2,154	22.154
Grants		185,308	185,306	180,782
Total 2021	5	205,198	205,203	651,944
Total 2020	462.308	189,636	651,944

			Restricted	Total	Total
			funds	funds	funds
			2021f	2021 6	2020f
Grant income			289,064	289,064	440.569
Corporate programme		income	105.427	105,427	236.603
Loan related	activiTies		86.682	86,682	83.670
			481.173	481,173	740.842
Total 2020			740,842	740,842

			Unrestricted	Re	st	rfc ted	Total	Total
			funds			funds	funds	funds
			2021			2021	2021	2020
Bank	interest							31
Other	interest	receivable				105	1D5	998
						105	105	1,029
Total	202G		31			998	1,029

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	Funds
		2D21f	2021 2	2021 g	2020
Kenyan and Ugandan	project coats	23,135	190,579	213,714	215,251
Total 2020		2,124	213,127	215,251

		Charitable
		acttvlgss-	Other
		$Uppor	trading
		costs	expenses	Total	Total
		2021	2021	2021	2020
		6	6		6
Inwountry operating	costs	3,311	206,069	211~	199,116
Loan loss expense			(10,334)	(10,334)	210,419
Volunteer programme	costs		15,699	15,699	43,346
Other project costs			33,702	33,702	13,779
Head offioe costs		167,993	10,605	176,596	202,543
Governance costs		16,954		16,954	2,000
Bank charges		25	27	52	396
Foreign exchange difhrences		2,296	70,627	72,923	37,904
		190,579	326,415	518,994	709,505
Total 2020		213,127	496,376	709.505

					Grants to	Total	Total
					Institutions	funds	funds
					2021	2021	2020
					f.		6
Love	For All Orphanage		(Nakuru.	Kenya)	23,135	23,135
Good	Foundation	(lilbale, Uganda)					2,'!24
					23.135	23,135	2.124
Total	2020				2,124	2,124

						2021	2020
Fees payable	to the Charity's	auditor		for the audit ofthe Charity's	annual
aooounls						6,SOO
Fees payable	to the Charity's	auditor		in respect of;
ABassumnce	services not included			above		6,DOO	2,000
All non-audit	services not included		above			2,454

Staffcosts
			Group	Group	Charity	Charity
			2D21	2020	2021	2020
				6	6	F
Wages and	salaries		144,401	154,695	144,401	141,346
Social security casts			12,946	19,019	12,948	16,627
Contribution	to defined contribution	pension
schemes			6,876	6,200	6,875	5,700
			163824	179.914	163,224	163.673

			Group	Group	Charity	Charity
			2021	2020	2021	2020
			No,	No.	No.	No.
UK management				3
Kenyan	and Ugandan	staff		13
			16	16

	Investments
	in subsidiary
Charity	companiesf
Valuation
At 1 April 2020	461,284
At 31 March 2021	461,284
Net book value
At 31 March 2021	461,294
At 31 March 2020	461,284

		Group 2021f	Group 2020f	Charity 2021	Charity 2020f
Due after more than one year
Other debtors		103,468	58,047
		103,469	58,047
Due within one year
Trade debtors		65,628	2,153
Amounts owed by group undertakings				339706	16,507
Other debtors		161,274	138,236
Prspayments	and accrued income	36,740	37,812	24,760	40.190
		367,110	236.248	364,465	56,697

		Group 2021	Group 2020
			E
Loans receivable	at 1 April	196,294
Redassificsdons			130,339
Lean additians in	the year	332,748	445,588
Loan repayments	in the year	(236,644)	(170.321)
Loans written aff	in the year	(28,276)	(40.817)
(Increase)l decrease in loan loss provision		28,276	(169,602)
FXrevaluation adjustments		(37,553)	1,077
		255,566196,264

	Group	Group	Charity	Charity
	2021	2020f	2021f	2020f
Bankloans	7,500
Trade creditors	148	68
Pension fund loan payable	1,016	1,350	1.016	1,350
Other creditors	272	11	25
Accruats and deferred ircome	31,242	3,801	24,125	2,000
	40,175	5,230	25,166	3,350

	Group	Group
	2021f	2020f
Bankloans	42,500

						Balance at
			Balance at 1			31 llaarch
			Aprft 2020	Income	Expenditure	2021
					8	2
Unrestricted	funds
General fund			837,032	5	(143,080)	693,957
Restrfcted funds
Balloon Ventures		East Africa Fund	46,186	203,044	i85,881)	162,349
Balloon Ventures		Limited	157,078	483,432	(312,168)	328,342
			203,264	686,476	(399,049)	490,691
Totaloffund	s		1,040,296	888,48'I	(542,129)	1,184,648

Stateme	nt of	fun	ds - prior yea	r
								Balance at
				Balance at			Transfers	31 tilarch
				1 April 2D19	Income	Expenditure	in/out	2D20
				8			8
Unrestricted		funds
General	fund			379,419	462,339	(187,256)	182,530	837,032
Restricted funds
BaDoon	Ventures		East Africa
Fund				182,529	167,482	(121,295)	(182,530)	46,186
Balloon	Ventures		Limited	(203,838)	763,994	(403,078)		157,078
				(21.309)	931,476	(524,373)	(182.530)	203,264
Total offunds				358,110	931,476	(711.629)		1,040.286

Summary offunds - current y	ear
				Balance at
	Balance at 1			31 March
	April 202D	Income	Expenditure	2021
			8	6
General funds	837,032	5	(143,080)	603,967
Restricted funds	203,264	686,476	(399,049)	490,691
	1,D40,296	686,481	(642,129)	1,184,648

Summary offunds ~pri	or year
					Balance at
	Balance at			Transfers	31 March
	1 April 2019	Income	Expenditure	in)out	2020
	8		8	8	5
General funds	379,419	462,339	(187,256)	182.53D	837,032
Restricted funds	(21,309)	931,476	(524.373)	(182,530)	203,264
	358.110	'i,393,815	(711,629)		1,040.296

Analysis ofnst assets between funds - current	year
	ttnrsstri eted	Restricted	Total
	funds	funda	funds
	2021	2021	2021
	6	8
Debtors due atter more than one year		103.111	103,111
Current assets	719,123	445.092	1,164,215
Creditors due within one year	(25.166)	(15,012)	(40,178)
Creditors due in more than one year		(42,500)	(42,500)
Total	693.957	490.691	1,184,648

20.	Reconc5iafion ofnet	Reconc5iafion ofnet	movement	in funds	to net cash flow from operating	to net cash flow from operating	activities
							Group	Group
							2D21	2020
	Net income for the year (as per Statement				of Flnandal	Ac5vitles)		682.186
	Ad]ustments for:
	Increase in debtors						(130,862)	(229,648)
	Increasej(decrease)	in	creditors				77,448	(802,416)
	Foreign exchange differences						72,923	(2,624)
	Non~eh donation of		investment					(461,264)
	Interest receivable						(1D5)	(1,029)
	Interest payable						27	373
	Nst cash provided by((used in)			operating	activities		183783	(814.442)
21,	Analysis ofcash and		cash equivalents
							Group	Group
							2021	2020
								6
	Cash in hand						900,216	809,278
	Total cash end cash		equivalents				900,216	809,278
22.	Analysis ofchanges		in net debt
						At 1April 202D	Cash flows	At 31 March 2021
	Cash at bank and in	hand				809,278	90,938	900,2f8
	Debt due within 1 year					(1,MD)	(7.100)	(6,516)
	Debt due alter 1 year						(42,500)	(42,500)
						8D7,928	41,272	849,200

under ncn-	can	cellable operating leases as follows:
			Group	Group
			2021	2020
			6
Not laler than		1 year	7,238	6,675
Later than	1 year and not later than 5years		8,478	9,160
			15,716	15,855