## **Mind the Gap Africa** **Reports and Accounts Period ended 30 June 2021** Registered company number: 7655848 Registered charity number: 1148575 **MIND THE GAP AFRICA** ## **COMPANY INFORMATION** ## **FOR THE PERIOD ENDED 30 June 2021** Directors Ray Pountney Ann Luther Alison West Peter Stunell Catherine Collins Secretary Alison West Registered company number 7655848 Registered charity number 1148575 Registered office 121 Peckham Park Road London SE15 6SX Examiner Stuart Moffatt Chartered Accountant 53 Crestway London SW15 5DB Bankers Unity Trust Bank PO Box 7193, Planetary Road, Willenhall WV1 9DG 1 **MIND THE GAP AFRICA** ## **FOR THE PERIOD ENDED 30 JUNE 2021** |**CONTENTS**|**PAGE**| |---|---| |Officers and advisors|1| |Directors’ report|3-5| |Examiner’s report|6| |Income and expenditure account|7| |Balance sheet|8-9| |Notes to the financial statements|10-13| 2 **MIND THE GAP AFRICA** ## **DIRECTORS’ REPORT** ## **FOR THE YEAR ENDED 30 JUNE 2021** The directors present their report and the unaudited financial statements for the period ended **30 June 2021** . ## **Principal activity and review** Mind the Gap-Africa which is a company limited by guarantee and accordingly does not have a share capital, was incorporated as Mind the Gap - Africa Limited on 2 June 2011. The company was registered as a charity on 15 August 2012. The company's objectives and activities are for the public benefit and are restricted to the following: the relief of poverty and hardship among children and young people living in such parts of Africa and the world by the provision of shelter, food, health, education and other such charitable services as the trustees may from time to time deem appropriate, to advance in life and help children and young people living in such parts of Africa and the world through: the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their condition of life; and providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature responsible adults. In the period under review Mind the Gap has increased the number of children living in Harvest Family Village to 23. The third house was registered in April 2021 and children and housemothers have moved in. During this period, it was found that the main central house had some structural repair work to be done and preparations for this were started. The children will have to move out and stay in the other two houses, and planning for this has begun. Covid has had a significant effect on the children in that schools have been closed for much of the year. With few resources for online education, it has set the children back in their studies. The farming side of the village continues to develop. An important innovation will be the introduction of a large commercial greenhouse onto the farm. This has been suggested by our farming consultant and we have funding for it. It will enable the accelerated growth of crops such as cabbages and tomatoes. There continues to be a variety of livestock on the farm, including goats, pigs, rabbits, fish and chickens. Solar panels have been installed at the village and these have made a significant improvement to the electricity supply. A new initiative has been the purchase of a house in town. This is for the young people who are now too old to stay at the village. The house has room for 6 young people and staff will be appointed by the end of the year. Some necessary decorating work also needs to be done and it is hoped that the home will open in January 2022. The legalities regarding the withdrawal from the partnership with Bulawayo Baptist are ongoing, with a new constitution being drawn up and new trustees being sought. It is hoped to dissolve the old trustee board and establish the new one before the end of 2021. The major challenge continues to be the present economic climate within Zimbabwe. Hyper-inflation, daily price increases, irregular electricity and water supplies and uncertainty over the currency create a deep anxiety and insecurity among the population. This year the situation has been worsened by the pandemic situation. This has caused the legalities regarding the withdrawal from the partnership with Bulawayo Baptist to be delayed, but the final papers are being processed. ## **Future Developments** The directors are committed to the future of the company and its work. 3 **MIND THE GAP AFRICA** ## **DIRECTORS’ REPORT** ## **FOR THE YEAR ENDED 30 JUNE 2021** ## **Directors and their interests** The directors who served during the year and their interests in the company are as stated below: Ray Pountney Ann Luther Alison West Peter Stunell Catherine Collins The directors, as members, undertake to contribute an amount not exceeding £10 should the company wound up. ## **Directors’ responsibilities** The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year. In preparing those accounts, the directors are required to: - select suitable accounting policies and apply them consistently; - - - - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Financial results** |(Deficit)/Surplus for the period
Retained reserves brought forward
Retained reserves carried forward|**2021**
**2020**
(22,945)
_36,804_
46,783
_9,979_| |---|---| ||23,838
_46,783_| 4 MIND THE GAP AFRICA DIRECTORS, REPORT FOR THE YEAR ENDED 30 JUNE 2021 Audltors Under an elective resolution dated 11 September 2012 it was resolved to dispense with the obllgaiion to appoint auditors annually. Under the provisions 01 the Companies Acts as the company is a small company an audtt is no longer required. Stuart Moffatt. Chartered Account3nt. h35 signified his willin8ness to act as our accountant. This roport is preparÉ4d in accor(fance with the speual provisions of Part Vll of the Companies Act 19S5 relating to small companies. This report was approved by the Board on 24 January 2022 and signed on its behalf by- Director Registeredoffice.. Ann Luther 121 Peckham Park Road London SE15 SSX Date **ACCOUNTANTS’ REPORT ON THE UNAUDITED FINANCIAL STATEMENTS** ## **TO THE DIRECTORS OF MIND THE GAP AFRICA** ## **FOR THE PERIOD ENDED 30 JUNE 2021** ## **Independent examiner's report to the trustees on the unaudited financial statements of Mind the Gap (Africa)** I report on the accounts of Mind the Gap (Africa) for the year ended 30 June 2021 which are set out on pages 6 to 12. ## **Respective responsibilities of directors and independent examiner** The charitable company's directors (who are also the trustees of the company for purposes of company law) are responsible for the preparation of the accounts. The directors consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 43 of the 1993 Act; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** 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. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (i) Which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005) have not been met; or (ii) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## Stuart Moffatt Stuart Moffatt (Mar 8, 2022 10:58 GMT) DATED: Mar 8, 2022 Stuart Moffatt Chartered Accountant 6 MIND THE GAP AFRICA INCOME AND EXPENDITURE ACCOUNT 30 JUNE 2021 2021 2020 Incomlng rewurces Acb"vitie5 for generating fL¢nds 291.119 197,312 Resources expended Charitable acttvities 13 14,0641 (160,508J Operating profitlllo551 122.9451 36,804 Interest Result for the year 122,945 36.804 Total brought forward (See note 81 46,783 9,979 lotsl carried forward 23,838 46.783 The company's inc¢me and expenses all relate to continuing 0￿ratIons. There a￿ no recognized gains or losses other than the surplLSS or deficlt for the above two financial periods. Ann Luther MIND THE GAP AFRICA BALANCE SHEET 30 JUNE 2021 Notes 2021 2020 Current assets Cash at bank and in haNI 23,838 46,783 Credltors: amounts falling due within one year Net current assets 22.838 46,783 Total assets less current li3bilitie5 23,838 46,783 Capital and r￿nIeS Income and expenditure account 23.838 46.7S3 Result IIDeficit}ISurplusl for the year 23.838 46.783 The director5, Statcments required by Section 249BI413re shown on the follovjing p3ge which forwn5 Part of this Balance Sheet. Ann Luther MIND THE GAP AFRICA BALANCE SHEET 30 JUNE 2021 In approving these financial statements as directors of the company we hereby confirm.. For the year endi.4E 30 June 2021 the company was etTrtitled to exemption frotn audTt under section 477 of the Companies Art 2006 relating to small companies. The Tnefftbers have not required the company to obtain an audit in accordat)ce with section 476 of the Companies Act 2CM)6. The diiectors acknowledge their responsibility for complwngwith the requirements of the Artwith respect to accountinE records and the preparation ofaccount5. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial stètements were approved by the Board on 2410112022 and signed on their behalf by.. D1￿ctOr Ann Luther **MIND THE GAP AFRICA** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 30 JUNE 2021** 1. Accounting policies The principal accounting policies are summarized below. The accounting policies have been applied consistently throughout the year and the preceding year. ## Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006. ## Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. ## Resources expended Expenditure is recognized on a cash basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. ## Cash flow statement The company qualifies as a small company under section 247 of the Companies Act 1985 and therefore exempt from publishing a cashflow statement as required by the Financial Reporting Standards No. 1 (FRS 1). 10 **MIND THE GAP AFRICA** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 30 JUNE 2021** |2.
Incoming resources from generated funds
3.
Costs of charitable activities
**Direct costs**
Donation – Africa- Zimbabwe
Donation - UK
Employment costs
Other direct costs
Total direct costs
**Office costs**
General expense
Accountancy, legal and professional fees
Costs for generated income
Total office costs
Total costs
Unrestricted funds
Gift aid tax refund|**2021**
**2020**
279,953
_184,176_
11,166
_13,136_|**2021**
**2020**
279,953
_184,176_
11,166
_13,136_| |---|---|---| ||**2021**
**2020**
293,374
_139,571_
0
_0_
15,413
_11,984_
506
_1,456_
309,293
_153,011_
603
_4,132_
4,168
_3,365_
0
_0_
4,771
_7,497_
314,064
_160,508_
291,119
_197,312_|| |||309,293
_153,011_| |||603
_4,132_
4,168
_3,365_
0
_0_| |||4,771
_7,497_| |||314,064
_160,508_| 11 **MIND THE GAP AFRICA** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 30 JUNE 2021** 4. Directors and Employees |ectors and Employees|| |---|---| |Included under charitable costs
Included under office costs
Total|**2021**
**2020**
15,413
_11,984_
4,048
_3.230_| ||19,461
_15,214_| Directors receive no remuneration for their services as directors. One of the directors also performs routine office duties for which she received a total remuneration of £4,048 during this financial year. No employee received emoluments of more than £60,000 (2020: None). ## **Number of employees** The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows: ||**2021**
|**2020**| |---|---|---| |Number|1|1| 12 **MIND THE GAP AFRICA** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 30 JUNE 2021** ## 5. Taxation As the company is a registered charity and non-profit making organization, no tax liability exists on its activities. 6. Creditors Amount falling due within one year 0 Amount falling due after one year 0 7. Analysis of net assets between funds There are no restricted funds. All assets and liabilities relate to unrestricted funds. ## 8. Reserves ||**Restricted**|**Unrestricted**|**Total**|| |---|---|---|---|---| ||||**2021**|**_2020_**| |(Deficit)/ Surplus for the year|0|0|(22,945)|_36,804_| |Company’s funds at the beginning|0|0|46,783|_9,979_| |of the year||||| |Funds at the end of the year|0|0|23,838|_46,783_| ## 9. Going concern The financial statements have been prepared on the assumption that the charitable company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances. ## 10. Company limited by guarantee Mind the Gap Africa is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 13 This page is intentionally blank 14 ## MTG - FIN STA 2020-21 - draft with Ann's ## signatures ## Final Audit Report 2022-03-08 Created: 2022-03-08 By: Stuart Moffatt (bxgrmm5kjc@privaterelay.appleid.com) Status: Signed Transaction ID: CBJCHBCAABAA5ORw-VRNpgtfMaNNy1UwgRin4cLFsxvU ## "MTG - FIN STA 2020-21 - draft with Ann's signatures" History Document created by Stuart Moffatt (bxgrmm5kjc@privaterelay.appleid.com) 2022-03-08 - 10:50:20 AM GMT- IP address: 86.14.17.240 Document emailed to Stuart Moffatt (stuart.moffatt@virgin.net) for signature 2022-03-08 - 10:57:14 AM GMT Email viewed by Stuart Moffatt (stuart.moffatt@virgin.net) 2022-03-08 - 10:57:31 AM GMT- IP address: 86.14.17.240 ## Document e-signed by Stuart Moffatt (stuart.moffatt@virgin.net) Signature Date: 2022-03-08 - 10:58:04 AM GMT - Time Source: server- IP address: 86.14.17.240 ## Agreement completed. 2022-03-08 - 10:58:04 AM GMT