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2024-06-30-accounts

Mind the Gap Africa

Reports and Accounts Period ended 30 June 2024 Registered company number: 7655848 Registered charity number: 1148575

MIND THE GAP AFRICA

COMPANY INFORMATION

FOR THE PERIOD ENDED 30 June 2024

Directors Ray Pountney
Ann Luther
Alison West
Peter Stunell
Catherine Collins
Lennox Moore
Secretary Alison West
Registered company number 7655848
Registered charity number 1148575
Registered office 121 Peckham Park Road
London SE15 6SX
Examiner Pascale Kingne
Chartered Accountant
71-75 Shelton Street
Covent Garden,
London, England,
WC2H 9JQ
Bankers Unity Trust Bank plc
Four Brindleyplace
Birmingham
B1 2JB

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MIND THE GAP AFRICA

COMPANY INFORMATION

FOR THE PERIOD ENDED 30 JUNE 2024

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

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MIND THE GAP AFRICA

DIRECTORS’ REPORT

FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report and the unaudited financial statements for the period ended 30 June 2024 .

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 in its care to 40. 32 of these are based in Harvest Family Village while the 8 older ones now stay at the House in town. House number 4 in the Village is finished and still waiting for social welfare to register it.

All of the 8 in town are involved in further education courses or in vocational training. After only having 3 young people there last year the Matron has adjusted well to the increase in numbers and there is a positive ‘family feel’ to the house.

The farming side of the village continues to develop although a bad drought has meant that insufficient maize has been produced for the Village. There are now 3 greenhouses in operation and a bumper tomato crop has been harvested which, for the first time, has made a profit.

Along with the crops there continues to be a variety of livestock on the farm, including goats, pigs, rabbits, fish and chickens. Several teams from America have been welcomed through the year and they have done some renovation and building work. One of their achievements was the construction of a turkey coop for the forthcoming turkey project. They also made preparation for a mushroom project to be started.

The legalities regarding the withdrawal from the partnership with Bulawayo Baptist are still awaiting finalisation. The Board of Trustees are working to fully resolve the issue.

At present Mind the Gap are looking at becoming a Private Voluntary Organisation in Zimbabwe. This is a transition which the Government are encouraging among all Childcare organisations and the management team are reviewing the changes which are involved.

The major challenge, as always in recent years, is the present economic climate within Zimbabwe. Hyperinflation, daily price increases, irregular electricity and water supplies and uncertainty over the currency create a deep anxiety and insecurity among the population. We are grateful that even in such a difficult context the work of Mind the Gap continues to develop and grow.

In a move to try and access new funding streams to sustain the work, this year saw several new fundraising initiatives involving younger people. The first was a Prize Draw as part of a Summer Garden Party in June and this was followed by a ‘Stand Up Comedy Night’ in October. We are grateful to all our supporters whose hard work enabled these events to happen.

Future Developments

The directors are committed to the future of the company and its work.

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MIND THE GAP AFRICA

DIRECTORS’ REPORT

FOR THE YEAR ENDED 30 JUNE 2024

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 Lennox Moore – Joined on the 14[th] March 2024

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:

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

Surplus/(deficit) for the period
Retained reserves brought forward
Retained reserves carried forward		 2024
2023
52,186
(27,047)
12,084
39,131
64,270
12,084

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MIND THE GAP AFRICA

DIRECTORS’ REPORT

FOR THE YEAR ENDED 30 JUNE 2024

Auditors

Under an elective resolution dated 11 September 2012 it was resolved to dispense with the obligation to appoint auditors annually.

Under the provisions of the Companies Acts as the company is a small company an audit is no longer required. Pascale Kingne, Chartered Certified Accountant, has signified her willingness to act as our accountant.

This report is prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

This report was approved by the Board on 21 January 2025 and signed on its behalf by:

Director

Ann Luther

Date

Registered office:

121 Peckham Park Road London SE15 6SX

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ACCOUNTANTS’ REPORT ON THE UNAUDITED FINANCIAL STATEMENTS

TO THE DIRECTORS OF MIND THE GAP AFRICA

FOR THE PERIOD ENDED 30 JUNE 2024

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 2024 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:

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:

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

21 January 2025

Pascale Kingne

Chartered Certified Accountant

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MIND THE GAP AFRICA

INCOME AND EXPENDITURE ACCOUNT

30 JUNE 2024

2024 2023
£ £
Incoming resources 322,173 276,663
Activities for generating funds
Resources expended
Charitable activities		 (269,987) (303,710)
Operating profit/(loss) 52,186 (27,047)
Interest 0 0
Profit for the year 52,186 (27,047)
Total surplus brought forward(See note 8) 12,084 39,131
Total surplus carried forward 64,270 12,084

The company’s income and expenses all relate to continuing operations.

There are no recognized gains or losses other than the surplus or deficit for the above two financial periods.

Ann Luther

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MIND THE GAP AFRICA

BALANCE SHEET

30 JUNE 2024

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Capital and reserves
Income and expenditure account
Surplus/(deficit) of funds		 2024
2023
£
£
64,270
12,084
0
0
64,270
12,084
64,270
12,084
64,270
12,084
64,270
12,084

The directors’ statements required by Section 249B(4) are shown on the following page which forms part of this Balance Sheet.

Ann Luther

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MIND THE GAP AFRICA

BALANCE SHEET

30 JUNE 2024

In approving these financial statements as directors of the company we hereby confirm:

For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Board on 21 January 2025 and signed on their behalf by:

Director

Ann Luther

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MIND THE GAP AFRICA

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2024

  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).

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2024

2.
Incoming resources from generated funds
Unrestricted funds
Gift aid tax refund
3.
Costs of charitable activities
Direct costs
Donation – Africa- Zimbabwe
Employment costs
Other direct costs
Total direct costs
Office costs
General expense
Accountancy, legal and professional fees
Total office costs
Total costs		 2024
2023
284,362
223,718
37,811
52,945
322,173
276,663
2024
2023
241,100
277,580
22,696
20,607
1,420
1,104
265,216
299,291
216
216
4,555
4,203
4,771
4,419
269,987
303,710

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2024

  1. Directors and Employees
ectors and Employees
2024 2023
Direct costs 22,696 20,607
Office costs 4,435 4,083

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 £4,435 during this financial year.

No employee received emoluments of more than £60,000 (2023: 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:

2024 2023
Number 1 1

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MIND THE GAP AFRICA

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

5. Taxation

As the company is a registered charity and non-profit making organization, no tax liability exists on its activities.

  1. Creditors Amount falling due within one year 0 Amount falling due after one year 0

  2. Analysis of net assets between funds

There are no restricted funds. All assets and liabilities relate to unrestricted funds.

8. Reserves

Restricted Unrestricted Total
2024 2023
Surplus/(deficit) for the year 0 52,186 52,186 (27,047)
Company’s funds at the beginning 0 12,084 12,084 39,131
of the year
0 64,270 64,270 12,084

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.

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