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2021-12-31-accounts

Computers Are Free For Everyone Ltd.

Report 2021

A Company and Charity Registered in England and Wales.

Charity Number: 1147000 Company Number: 7978453

Financial Review and Risk Assessment

After a difficult 2020, CAFFE’s financial situation stabilised in 2021. Donations from Tesco enabled us to continue running the shop website which brought in £9,871 over the year. However, the cost of postage and advertising to drive those sales site was high, coming in at around £2000 for the year.

We decided early on, that in order to return to pre-pandemic levels of income, we needed to open a new physical shop. Although, we found new premises in March 2021, due to renovations on the unit, we could not actually move in until October 2021.

The new shop is in a more prominent location in Bedford and as a result, the first three months of sales were incredibly good, far outstripping the income from our old shop. We averaged around £2000 per month from October to December.

In 2021, we also applied for and received a government Bounce Back Loan of £15,000. This money was invaluable in helping us survive from March to October, while we were waiting to be be able to move in to the new shop. It also helped pay for three months deposit on the new shop (£2,400) as well as other expenses involved in moving into the new location.

We are grateful that our gift aid donors continued supporting us throughout 2021. We also received some larger one-off gift aid donations to bring the total amount donated to £12,840, meaning we received a gift aid rebate of £3,910 (from donations in both 2020 and 2021)

With schools still closed and Bangladesh facing even greater numbers of COVID cases than in 2020, our efforts focussed on building a new school for CAFFE. With the legacy donation of £20,000 from 2019 combined with money saved from online sales and other donations, we began building a small two story school on the land purchased in 2019. This building work began in February and took far longer than we had anticipated with the first students attending class in October. We also spent more than anticipated with a total of £40,000 being spent in 2021. Further finishing off work will still be needed in 2022.

Looking ahead, we are delighted that CAFFE now has a permanent home and that we will not longer need to pay rent every month for a school.

If the new shop continues to bring in a good income, we hope to complete the work on the school and look to both raising salaries for our teachers as well as employing new staff to conduct new lessons at CAFFE in 2022.

Achievements and Performance

School Building

As schools were closed for most of 2021, CAFFE’s main work was building the new school. This was a challenging experience and took longer than expected. However, by the end of the year, the building was open and classes had started. There is still some finishing off work required in 2022, as and when the budget allows.

The school has three classrooms on the ground floor along with a student toilet and storage rooms.

The first floor has a bedroom (where the CAFFE CEO and his wife stay). An office (which can also be used as a bedroom for guests (trustee visits) and a kitchen. The kitchen is used for CAFFE’s new cooking classes.

In the future, we also plan to use the rooftop for gardening.

CAFFE School Plans

First Floor Teaching tchen Bathroom Veranda rs to First Floor "Iii CAFFE School front and side view

New School Classrooms

Developing CAFFE’s new Curriculum

Now that CAFFE has its own school, it was decided to expand CAFFE’s curriculum. Along with the traditional computer courses, CAFFE will now focus on providing training in a number of vocational subjects including, cooking, sewing and carpentry.

In doing so, it is hoped that CAFFE can better serve the needs the community around the school.

CAFFE Students Freelancing

During school closures, several CAFFE students have continued to work from home and earn money through freelancing. Some students have been able to earn as much as £500 - £600 per month, which is many times the national average income in Bangladesh.

Now that the CAFFE school is operating, we hope these students will work with new students to support them in being able to achieve the same.

One CAFFE student was paid $56 for this logo.

Christmas Food and Clothing Distribution

At Christmas CAFFE prepared food and distributed clothing to underprivileged children and adults in Sylhet town. This was an opportunity for our new cooking students to practice their skills and give back to the community.

Even though our own students are from lowincome families, there are many people in even more challenging situations including those living on the streets and at the train station in Sylhet. Our students needed to plan according to a budget, buy ingredients, prepare the food and travel to town to distribute the food.

Food Distribution Christmas 2021

CAFFE at a glance

Number of students : 100 Number of staff (Bangladesh) : 7 Taught hours per week: 39

Trustees: 9 Volunteers (UK) : 5

FUTURE PLANS

Bangladesh

Now that our new school is open and operating again we hope to focus on the following areas for 2022:

UK

With the opening of the new shop, the UK side is fairly settled. Priorities will be encouraging new customers to donate and spreading the word about the shop.

One challenge we faced with the old shop was the amount of time and effort needed to maintain the shop records. We aim to purchase an Electronic Point of Sale in order to reduce this burden and improve our record keeping.

We will continue to sell online to add extra income as long as we keep receiving clothing donations from Tesco. At this time, we do not intend selling used clothing online.

One ambitious target we have for 2022 is to raise money to build a swimming pool. Drowning is a major cause of child deaths in Bangladesh, over 12,000 children die from drowning every year in Bangladesh.

While other organisations teach swimming in ponds in Bangladesh, we would prefer to build our own pool to have a safe, controlled environment with clean water in order to teach not only swimming but also life-saving and first-aid skills. We currently estimate we need around £10,000 to build a pool. One of our trustees has kindly donated £4000 towards this goal so it is possible that we can reach this target in 2022.

We intentionally left space at the back of the school in order to build a pool. Below is a simple render of where the pool would be situated.

COMPUTERS ARE FREE FOR EVERYONE LIMITED

( A company limited by guarantee )

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER : 1147000

COMPANY REGISTERED NUMBER : 07978453

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2021

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2 - 6
INDEPENDENT EXAMINERS REPORT 7
STATEMENT OF FINANCIAL ACTIVITIES 8
BALANCE SHEET 9
NOTES TO THE FINANCIAL STATEMENTS 10-17

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER: COMPANY REGISTERED NUMBER: REGISTERED OFFICE:

1147000 07978453

4 The Pyghtle Westoning Bedfordshire MK45 SLJ

TRUSTEES:

Mr S Batcup Mrs M Batcup Mr G Philips Mr J S Roberts Mrs V Roberts Mr L Doyle Mrs C Ayres

INDEPENDENT EXAMINER

Cecilia Asamoah ACCA

Cangaf Accountants & Business Advisers 120 Bark Street Bolton BL1 2AX

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

Financial Review and Risk Assessment

After a difficult 2020, CAFFE’s financial situation stabilised in 2021. Donations from Tesco enabled us to continue running the shop website which brought in £9,871 over the year. However, the cost of postage and advertising to drive those sales site was high, coming in at around £2000 for the year.

We decided early on, that in order to return to pre-pandemic levels of income, we needed to open a new physical shop. Although, we found new premises in March 2021, due to renovations on the unit, we could not actually move in until October 2021.

The new shop is in a more prominent location in Bedford and as a result, the first three months of sales were incredibly good, far outstripping the income from our old shop. We averaged around £2000 per month from October to December.

In 2021, we also applied for and received a government Bounce Back Loan of £15,000. This money was invaluable in helping us survive from March to October, while we were waiting to be able to move in to the new shop. It also helped pay for three months deposit on the new shop (£2,400) as well as other expenses involved in moving into the new location.

We are grateful that our gift aid donors continued supporting us throughout 2021. We also received some larger one-off gift aid donations to bring the total amount donated to £12,840, meaning we received a gift aid rebate of £3,910 (from donations in both 2020 and 2021)

With schools still closed and Bangladesh facing even greater numbers of COVID cases than in 2020, our efforts focussed on building a new school for CAFFE. With the legacy donation of £20,000 from 2019 combined with money saved from online sales and other donations, we began building a small two story school on the land purchased in 2019. This building work began in February and took far longer than we had anticipated with the first students attending class in October. We also spent more than anticipated with a total of £40,000 being spent in 2021. Further finishing off work will still be needed in 2022.

Looking ahead, we are delighted that CAFFE now has a permanent home and that we will not longer need to pay rent every month for a school.

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

If the new shop continues to bring in a good income, we hope to complete the work on the school and look to both raising salaries for our teachers as well as employing new staff to conduct new lessons at CAFFE in 2022.

Achievements and Performance

School Building

As schools were closed for most of 2021, CAFFE’s main work was building the new school. This was a challenging experience and took longer than expected. However, by the end of the year, the building was open and classes had started. There is still some finishing off work required in 2022, as and when the budget allows.

The school has three classrooms on the ground floor along with a student toilet and storage rooms.

The first floor has a bedroom (where the CAFFE CEO and his wife stay). An office (which can also be used as a bedroom for guests (trustee visits) and a kitchen. The kitchen is used for CAFFE’s new cooking classes

In the future, we also plan to use the rooftop for gardening.

Developing CAFFE’s new Curriculum

During school closures, several CAFFE students have continued to work from home and earn money through freelancing. Some students have been able to earn as much as £500 - £600 per month, which is many times the national average income in Bangladesh.

Now that the CAFFE school is operating, we hope these students will work with new students to support them in being able to achieve the same.

Christmas Food and Clothing Distribution

At Christmas CAFFE prepared food and distributed clothing to underprivileged children and adults in Sylhet town. This was an opportunity for our new cooking students to practice their skills and give back to the community.

Even though our own students are from low-income families, there are many people in even more challenging situations including those living on the streets and at the train station in Sylhet. Our students needed to plan according to a budget, buy ingredients, prepare the food and travel to town to distribute the food.

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

CAFFE at a glance

Number of students : 100 Number of staff (Bangladesh) : 7 Taught hours per week: 39

Trustees: 9 Volunteers (UK) : 5

FUTURE PLANS

Bangladesh

Now that our new school is open and operating again we hope to focus on the following areas for 2022:

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

UK

With the opening of the new shop, the UK side is fairly settled. Priorities will be encouraging new customers to donate and spreading the word about the shop.

One challenge we faced with the old shop was the amount of time and effort needed to maintain the shop records. We aim to purchase an Electronic Point of Sale in order to reduce this burden and improve our record keeping.

We will continue to sell online to add extra income as long as we keep receiving clothing donations from Tesco. At this time, we do not intend selling used clothing online.

One ambitious target we have for 2022 is to raise money to build a swimming pool. Drowning is a major cause of child deaths in Bangladesh, over 12,000 children die from drowning every year in Bangladesh.

While other organisations teach swimming in ponds in Bangladesh, we would prefer to build our own pool to have a safe, controlled environment with clean water in order to teach not only swimming but also life-saving and first-aid skills. We currently estimate we need around £10,000 to build a pool. One of our trustees has kindly donated £4000 towards this goal so it is possible that we can reach this target in 2022.

We intentionally left space at the back of the school in order to build a pool. Below is a simple render of where the pool would be situated.

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:

-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

12/10/ Approved by order of the Board of Trustees on….............................. 2022 and signed:

ON BEHALF OF THE BOARD:

............................................. Luke Doyle

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED INDEPENDENT EXAMINIER'S REPORT YEAR ENDED 31ST DECEMBER 2021

I report on the accounts for the year ended 31st December 2021 set out on pages five to nine.

Respective responsibilities of trustees and examiner

The Charity's Trustees (who are also the Directors for the purposes of Company Law) 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 charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiners report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

-to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

(2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.

Cecilia Asamoah ACCA

Cangaf Accountant & Business Advisers 120 Bark Street Regus, 6th Floor Bolton BL1 2AX Signed : Date :

10/12/2022

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2021

Incoming resources :
Donations and Legacies
2
Charitable Activities
3
Investments
4
Other Income
5
Resources expended
Expenditure on:
Charitable Activities
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Total Expenditure
Net income/(expenditure) for the year
Net movement in funds		 Unrestricted
funds
2021
£
13,706
23,279
4
20,550
57,539
33,512
33,512
24,027
24,027
41,290
65,317		 Total
funds
2021
£
13,706
23,279
4
20,550
57,539
33,512
33,512
24,027
24,027
41,290
65,317		 Prior
year
funds
2020
£
7,468
16,533
45
10,000
34,046
45,026
45,026
(10,980)
(10,980)
52,270
41,290

The Statements of financial activities includes all gains and losses recognised in the year.

8

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED STATEMENT FOR FINANCIAL POSITION YEAR ENDED 31ST DECEMBER 2021

Note
Tangible Assets
Fixed Assets
10.
Current assets
Debtors
11.
Cash at bank and in hand
Creditors: amounts falling
due within one year
12.
Net current assets/(liabilities)
Total assets less current
liabilities
Total net assets
Charity funds
Restricted funds
Unrestricted funds
Total funds		 £
0
3,648		 2021
£
62,728		 £
1,104
17,803		 2020
£
22,896

2,589		 0
18,394
3,648
(1,059)		 18,907
(513)
2,589 41,290
65,317 41,290
0
65,317		 0
41,290
65,317 41,290

The financial statements were approved and authorised by the Board of Trustees and signed on its behalf by:

10/12/2022

……………………………………………………. ……………………………………………

Luke Doyle

Date :

9

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

1. General Information

Computers Are Free Everyone Limited is a private company limited by guarantee incorporated in England an Wales. The registered office is 4 The Pyghtle, Westoning, Bedfordshire, MK45 5LJ.

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Computers Are Free For Everyone meets the definition of a public benefit entity under FRS 102.

Going concern

, g held, potential support, and the future of the charity's income and expenditure, there are no material uncertainties regarding the charity's ability to continue as a going concern.

Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recverable in relation to donations received under Gift Aidor deeds of convenant is recognised at the time of donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and the receipt is expected. If the amount is not known, the legacy is treated as a contigent assets.

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and other sales related taxes.

Resources Expended

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.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the charity. These include both directly attributable costs and apportioned support costs.

10

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

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.�u t e e p a at o o t e atu e a d pu pose o eac u d s c uded t e otes to t e a c a statements.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of the tangible fixed assets less their residual value over their estimated useful lives

Freehold property - Computer & Equipment - 15% straight line

School Building - Work In Progress

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or l ss from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. · Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Financial Instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

11

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2021

Critical accounting estimates and areas of judgment

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Critical accounting estimates and assumptions:

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.
Donations and Legacies
Donations
3.
Income from Charitable Activities
Sales within charitables activities
4.
Investments
Interest Receivable
5.
Other Incoming Resources
Government Grants
Bounce Back Loan
HMRC Gift Aid Rebate
Refund		 Unrestricted
funds
2021
£
13,706
23,279
4
0
15,250
3,911
1,389
20,550		 Unrestricted
funds
2020
£
7,468
16,533
47
10,000
0
0
0
10,000

12

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2021

6. Charitable Activities
Charitable Activities Activities
undertaken
directly
2021
£
Accountancy fees 592
Training and staff costs 1,183
Depreciation and impairment 3,894
Purchases 633
Transport 1,287
Rent and rates 4,025
Bank charges 164
Insurance 46
Other office costs 20,514
Marketing 1,174
33,512
Activities
undertaken
directly
2020
£
Accountancy fees 559
Training and staff costs 10,862
Depreciation and impairment 9,652
Purchases 7,182
Transport 5,411
Rent and rates 7,936
Bank charges 56
Insurance 564
Other office costs 2,527
Marketing 277
Total 45,026

13

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2021

7. Trustees

During the year, no Trustees received any

During the year 31 December 2021, no Trustee expenses had been incurred ( 2020 - £NIL )

Trustee's made donations of 2021 £5,949 ( 2020: £3,510) to the charity.

Corporate donation 2021: £100

8.
Independent Examiner's Report
9.
Employments Cost
Wages and Salaries
No employee received renumeration amounting to
more than £60,000 in either year.		 592
242		 515
10,500

The key management personnel of the charity comprise the Chief Executive Officer and Chief Operations Officer. The total employee benefits paid to the key management personnel of the charity during the year were £7,300 ( 2020 : £4,700). Personnels are paid in Bangladesh Taka.

14

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED FIXED ASSETS SCHEDULE YEAR ENDED 31ST DECEMBER 2021

10. Tangible Fixed Assets

Cost
At 1 January 2021
Additions for the year
Balance 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
Balance 31 December 2021
Net Book Value
Balance 31 December 2021
Balance 31 December 2020		 Shop
Advance
£
0
2,400
2,400
0
0
0
2400
0		 School
Building
£
0
40,504
40,504
0
0
0
40,504
0		 Freehold
Property
£
22,500
0
22,500
3,375
0
3,375
19,125
19,125		 Computer
Equipment
£
41,843
823
42,666
38,072
3,894
41,966
700
3,771		 Total
£
64,343
43,727
108,070
41,447
3,894
45,341
62,728
22,896

15

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2021

11. Debtors
Due within one year
Other debtors
12.
Other creditors
Accruals and deferred
13.
Tangible fixed assets
Current assets
Creditors due within one year
Total
Analysis of net assets between funds
Analysis of net assets between funds - current period
Creditors : Amount falling due within one year		 2021
£
0
2021
£
1,059
0
1,059
Unrestricted
funds
2021
£
62,728
3,648
(1,059)
65,317		 2020
£
1,104
2020
£
0
513
513
Unrestricted
funds
2020
£
22,896
18,907
(513)
41,290

14.[ Designated funds ]

Within unrestricted funds, an amount of £17,000 is designated by the Trustees for the purposes of the charity building its own school.

16

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

COMPUTERS ARE FREE FOR EVERYONE LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2021

15. Operatin lease commitments

At 31 December 2021 the company had commitments to make future minimum lease payments under non- cancellable operating leases as follows:

2021 2020
£ £
0 0

16. Related party transactions

There were no disclosable related party transactions during the year ( 2019 - none).

17. Limited by guarantee

The charity is a company limited by guarantee. The members of the company are the trustees named in the trustees report. In the event of the charity being wound up, the liability in respect of guarantee is limited to £10 per member of the charity.

17

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

Completed Document Audit Report

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Title: Computer are Free 31.12.21 final v3

Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa

Time Zone: (GMT+00:00) Coordinated Universal Time

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Cangaf Accountants &
Business Advisers created the document Oct 12, 2022
IP: 86.145.255.157 08:54:26 UTC
Cangaf Accountants &
Business Advisers re-sent the document to luke@caffebd.org and
cecilia.asamoah@cangafltd.com		 Oct 12, 2022
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Document ID: 533f7dbc-e0fa-40b7-8cc2-e049eea7f0fa