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2022-12-31-accounts

CHARITY REGISTRATION NUMBER 1148745 COMPANY REGISTRATION NUMBER 08034496

DIG DEEP (AFRICA)

CONSOLIDATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

DIG DEEP (AFRICA)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Peter Fitzsimmons
Mrs Joanna Rose Zeevi-Green
Edoardo Troina (appointed February 2023)
Sarah Emily Stacey Pelham (appointed February 2023)
Rhys William Torrington (appointed February 2023)
Sharmila Mehta (appointed February 2023)
Emily Louise Edna Carey (appointed February 2023)
Timothy John Darby (appointed February 2023)
Celine Gilart (appointed February 2023)
Neeti Mukundrai Anand (appointed February 2023)
Ian Martin Wyatt (appointed October 2022)
Dr Ania Maria Wanda Grobicki (appointed October 2022)
Mr James Pallett
Ms Dionne Harrison
Mr David Stephen Fitzsimmons
Ms Dorie Chetty (resigned February 2023)
Company number 08034496
Charity number 1148745
Registered office The Circle, 33 Rockingham Lane
Sheffield
South Yorkshire
S1 4FS
Independent examiner AM Wells
Counterculture Partnership LLP
99 Western Road
Lewes
East Sussex
BN7 1RS
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Standard Chartered Bank
Westlands Branch
PO Box 14438-00800
Nairobi
Kenya

DIG DEEP (AFRICA)

CONTENTS

Page
Trustees’ report (including Directors’ Report) 1 – 10
Independent Examiner’s Report 13
Consolidated statement of financial activities 14
Statement of financial activities 15
Consolidated balance sheet 16
Balance sheet 17
Statement of cash flows 18
Notes to the accounts 19 – 33

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

The objects of the charity (‘the objects’) are:

To promote sustainable development in East Africa for the benefit of the public by:

For the public benefit, to promote the mental, moral and physical development and improvement of young people and to provide opportunities for them to develop their full capacities and enable them to become responsible members of society, to include:

Risk factors

The trustees have reviewed the key risks to which the charity is exposed together with the operating and financial compliance controls that have been implemented to mitigate those risks. The trustees are working to improve the charity’s formal ongoing process for identifying, evaluating and managing the charity’s significant risks. Once updated, the improved process will regularly be reviewed by the trustees.

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

We are proud to present the 2022 Dig Deep board of trustees’ report on the charity’s achievements and performance. This has been a landmark year for the charity, combining the ongoing success of our tried and tested water, sanitation and hygiene programme with the launch of the Bomet WASH Masterplan which sets out a data-driven roadmap for how we will support Bomet County to reach all one million of its citizens.

These achievements have been celebrated in the Kenyan national press and, at the time of writing, have resulted in Dig Deep being one of only 5 charities shortlisted by the Third Sectors Awards for their Small Charity, Big Achiever category.

Our future plans are now focused on driving the rapid delivery of the newly created Bomet County Water, Sanitation and Hygiene Roadmap for Universal Access through our joint funding partnership with the County Government of Bomet.

In this report we set out the charity’s achievements and performance in Kenya, accelerating the development of our water and sanitation programmes, as well as the achievements of our team and volunteers bouncing back from the devastation of Coronavirus. We then discuss the charity’s financial performance in this context.

The need we are addressing

We work in Bomet County, Kenya, home to 1 million people and one of the most underserved and least resourced areas of the country. Here, 2 out of 3 people don't have clean water, over half don’t have safe toilets and children don’t have access to basic hygiene education; Bomet has the 3rd lowest access to improved water sources of Kenya’s 47 counties.

Most people live in rural communities and get by using their land to grow what they can and by selling anything extra they have at the market. Women and children spend hours every day walking to collect water, which is often dirty, or to find a safe place to go to the toilet. Dirty water and poor hygiene spread disease, meaning even more time is lost to sickness - time that could have been spent on work or education.

Through helping children and their families to realise their right to clean water, safe toilets and good hygiene, our programmes save lives, improve education, empower women and girls and strengthen livelihoods.

Our Mission

At Dig Deep, we believe everyone has a fundamental right to clean water, safe toilets and good hygiene through the achievement of UN Sustainable Development Goal 6.

Our mission is to collaborate with the Kenyan government, the County Government of Bomet and local businesses and communities, to transform access to these vital services for the 1 million people of Bomet County.

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Why we are different

We focus on one area, solving one big problem - We’ve been partnering with Bomet for over 10 years, building our expertise and trusted relationships across the county. As long as we’re needed, we will be there to support Bomet’s one million residents to transform access to clean water, safe sanitation and good hygiene. At the same time, we share the successes and challenges of our work with partners in Kenya and around the world, so that our model can be replicated elsewhere.

We act in the short term whilst planning for the long term - We work with communities to implement practical, immediate solutions to bring clean water, safe toilets and good hygiene to those who need it most. At the same time, we have developed long-term partnerships for change, including our 5 year Memorandum of Understanding with the County Government of Bomet to deliver a data-driven Masterplan for achieving universal access for all 1 million residents.

These two pillars of our work reinforce each other:

We know it’s local people that will overcome the water and sanitation crisis and it's our job to help them dramatically speed this up - Universal, sustainable access to safe water, sanitation and hygiene will only be achieved if local government, local business and the local community are driving the process. This is why we invest in Bomet’s civil servants, business people and community leaders to ensure they have the skills they need. We provide bespoke training, mentoring and learning exchanges to address critical skill gaps, empowering people to drive and sustain change in their own community.

Performance in 2022 - Practical, Immediate Solutions

Overview - our ‘blueprint’ projects

Throughout 2022 the charity continued to work with communities to bring clean water, safe toilets and good hygiene to those who need it most. This included:

These projects have not only delivered water, sanitation and hygiene services that are directly serving the most vulnerable communities in Bomet, they also serve as ‘blueprints’ that are being scaled through the Bomet WASH Masterplan for achieving universal access (discussed below).

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Community Led Total Sanitation & Sanitation Entrepreneurship Interventions

While sanitation and water are a constitutional right in Kenya, many of Bomet County’s one million residents lack access to clean water, safe toilets and good hygiene. Prior to Dig Deep's work in 2019-2020, no villages in Bomet County had been declared Open Defecation Free (ODF), compared to 27% in Kenya as a whole.

Through a pilot Community Led Total Sanitation (CLTS) intervention in 2021, we were able to reach over 56,000 community members in 104 villages in Ndanai-Abosi ward with safe toilets and good hygiene.

In 2022 we then built on this success, both through reaching more community members through CLTS and supporting those we have already reached to further improve sanitation and hygiene levels:

School Water, Sanitation and Hygiene Projects

Most schools in Bomet lack adequate toilet facilities and clean water supplies - only 22% have access to basic water and 40% have access to basic sanitation. For children, this can mean dropping out of primary school. For girls in particular, a lack of safe toilets is a direct barrier to their education, particularly in adolescence as they are forced to miss school when on their period. Dirty water and poor sanitation can also cause malnourishment, which then leads to stunting. Children who experience stunting not only have a high mortality rate, but their development suffers physically and cognitively, resulting in poor educational outcomes, and negative effects in adulthood. In Bomet County, 36% of residents are affected by stunting, which holds back the community and pushes families further into poverty.

In 2022 we were able to support 5 schools to improve their access to clean water, safe toilets and good hygiene. In just the first 5 years these projects will provide 672 children with clean water, 2,016 children with safe toilets and over 12,000 children and family members with improved hygiene.

Community Spring Protection Projects

Having conducted an extensive survey of 13,000 households (250,000 residents) in 2021 - measuring water access, mapping of water points and school and hospital buildings - we found that reaching the most vulnerable people in rural communities will need simple and tested technologies, and that protecting springs (through the construction of concrete structures, and digging drainage ditches) presents a unique opportunity to reach these communities in a safe and cost-effective way.

In 2022, Dig Deep made it possible for 3,984 people to access clean water through two pilot spring protection programmes. We have set up local water committees to monitor the capacity of the springs, conduct minor maintenance, and we are carrying out flow monitoring and water quality tests on the springs to ensure sustainability.

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Performance in 2022 - Long-term partnerships for change:

Overview - Building a Strong and Sustainable WASH System in Bomet County

From Dig Deep’s 10 years of experience of successfully working in partnership with national and county government to deliver joint funded grassroots WASH programmes in Bomet, we know that the primary barrier to achieving Sustainable Development Goal (SDG) 6 in the county is the weakness of the county’s Water, Sanitation and Hygiene (WASH) system.

Whilst we fully acknowledge that higher levels of funding are certainly required, it is clear that the weakness of the WASH system means:

We recognise that the county government is the responsible body with the mandate to lead efforts; we as an external agency must support and build their capacity to lead and succeed, so that the improvements we make together are sustained. This has formed the basis of our delivery model and partnership approach. In order to achieve this, at the start of 2020, we initiated our programme: Building a Strong and Sustainable WASH System in Bomet County. This approach has been adapted from the Agenda for Change District Level Roadmap for Universal Access (A4C). We are following the five phases of the roadmap (Figure 1) - Visioning, Institutional Strengthening, Assessment, Planning and Implementation - and are adjusting our activities to appropriate scales within the county according to both need and our organisational capabilities.

Figure 1 - Agenda for Change District Level Roadmap for Universal Access

The key achievements of this approach have been as follows.

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Key Achievements of the Bomet Systems Strengthening Programme in 2022

Creation and Publication of the Bomet County Water,Sanitation and Hygiene (WASH) Masterplan 20222050

Signing of Memorandum of Understanding Committing the County Government of Bomet to funding implementation the Masterplan

Ongoing Incorporation of WASH Masterplan into Bomet Integrated Development Plan

Piloting of the Bomet County WASH Hub

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

High level of political engagement and extensive PR coverage of Masterplan launch

High level overview of Bomet County WASH Masterplan

Targets set by the WASH Masterplan

Four Phase Roadmap

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Figure 2 - Phased Roadmap for Universal WASH Access in Bomet County

Strategic Interventions

To deliver each phase, a series of 18 strategic interventions have been developed to strengthen the entire WASH system in Bomet County. These fall under the categories of Water, Sanitation, Hygiene, Institutional Strengthening and Financing.

Further information

Future Plans

To rapidly deliver the Bomet County Water, Sanitation and Hygiene Roadmap, Dig Deep and County Government of Bomet have signed our Memorandum of Understanding (2022-27) which commits both ourselves and the government to co-funding and jointly delivering this work.

Through our practical, immediate solutions this means that over the next 5 years we plan to deliver:

  1. Construction of 81 water projects providing 80,000 people with clean water

  2. Construction and training projects at 29 schools providing 11,000 children with clean water, safe toilets and good hygiene

  3. Construction of 2,000 household toilets to create Open Defecation Free communities for 188,000 people.

  4. 8 -

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Through our long term partnerships for change this means that we will work closely with the County Government of Bomet to rapidly achieve the ‘Institutional Strengthening Objectives’ of the Bomet WASH Masterplan through increasing the mandate, capabilities and resources of the Bomet WASH Hub. This will mean supporting the WASH Hub to:

  1. Drive Masterplan steering committee meetings, attended by CGB senior staff and key NGO stakeholders, which drive the implementation and continued refinement of the Bomet WASH Masterplan

  2. Expand the 2021 WASH survey across the entire county and establish sustainable system for updating this data

  3. Establishing a WASH Hub driven rolling programme of 4 targeted training activities annually and organising trips to learn from best practice case studies within Kenya as necessary

  4. Develop a dedicated body in the county government with a remit for sanitation

  5. Documenting and disseminating Dig Deep and other partners’ approach to the delivery of MOU Blueprint projects

  6. Host external PhD researchers undertaking original research providing valuable learnings on how to improve WASH access both in Bomet and similar context nationally / internationally

Fundraising & Governance

We are pleased to say that, despite a two year significant drop in the charity’s income as a result of the Coronavirus pandemic, the charity is now back on its continued long term growth trajectory.

Historically over half of the charity’s funding has been raised by Dig Deep Challenges - a not-for-profit created by Dig Deep to raise funds for the charity’s work, through providing life-changing fundraising events for young people and supporting ethical tourism in East Africa. The biggest single event run by Dig Deep Challenges is the annual summer sponsored climb of Kilimanjaro, which over 200 student volunteers had taken on every year since 2011, until they were postponed in 2020.

National lockdowns and travel bans, initially put in place from March 2020, continued throughout 2020-2021 meaning we had no choice but to defer both of the summer 2020 & 2021 Kilimanjaro climbs to summer 2022. Inevitably this had a substantial impact on the group’s income and in turn led to a 40% reduction in expenditure on our WASH programmes compared to pre-Covid years.

We are pleased to say that, thanks to the support and generosity of our volunteer fundraisers and supporters, the charity is back to its pre-pandemic income levels. The vast majority of the young people who had registered for the summer of 2020 & 2021 Kilimanjaro climb chose to continue fundraising despite the pandemic and were able to join our 2022 cohort in our biggest Kilimanjaro fundraising event ever, with over 300 young people taking on the highest freestanding mountain in the world in the space of just over 4 weeks. Another highlight of the year was charity’s direct fundraising through the December 2022 Big Give campaign. This was the third time that Dig Deep has taken part in the Big Give – however, thanks to the generosity of our supporters we again successfully surpassed our target, raising a total £41,182

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Finally, in 2022 we were privileged to experience a rapid expansion of Dig Deep’s board of trustees, with 10 new trustees joining the team over the year. This has greatly increased the depth and breadth and skills and experience available to the charity.

Financial outlook for 2023 and beyond

Whilst Dig Deep continues to navigate uncertain times with the global cost of living crisis impacting both Kenya and the UK in different way, the board remains confident that the charity will increase its impact in Bomet County. Our strategy in Bomet has achieved significant results far quicker than envisioned and we are confident that this success will continue to attract the resources required to deliver our 5 year 2023-2027 business plan, driving forward our mission to transform access to clean water, safe sanitation and good hygiene for the 1 million residents of Bomet County.

Vote of thanks

Firstly, the board of trustees would like to thank Dig Deep’s staff for all their hard work over the year. In Kenya, the team have played a critical leadership for in supporting the communities we serve to bounce back from the impact of coronavirus. In the UK, our team has managed the unprecedented increase in size of our flagship fundraising events whilst simultaneously developing new income streams.

Above all, we again thank our donors, supporters and volunteers, without whom none of our work would be possible. Special thanks to our student volunteer fundraisers who have worked so hard to support the charity despite lockdowns and travel bans; The Clarkson Foundation; The Waterloo Foundation, Stiftung Drittes Millennium, The Allan and Nesta Ferguson Foundation, the Solomon Family Charitable Trust, the Peter Stebbings Memorial Charity, Axis Capital, Souter Charitable Trust, the Open Gate Trust & The Schroder Charitable Trust; as well as every individual supporters who have made gifts large and small - our work would not be possible without you.

Financial Review

The Consolidated Statement of Financial Activities shows a net increase in funds of £62,320 (2021: £141,744).

The charity has available unrestricted funds of £90,081, restricted funds of £82,792 and designated funds of £186,219. The trustees wish to maintain funds at a level that would at least cover the costs required to wind down the organisation and all existing programmes plus three months running costs. Designated funds of £186,219 (2021: £182,084) are set aside for this purpose.

Subsidiary company

The achievements and performance of the charity’s subsidiary company for the year ended 31 December 2021 was as follows:

Dig Deep Challenges Limited through its trading activities made a profit of £66,994 (2021: £176,368) before gift aid payments made to Dig Deep (Africa) of £22,508 (2021: £176,858). Closing shareholders’ funds were £nil (2021: nil)

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

The charity is a company limited by guarantee (number 08034496) and a registered charity (number 1148745). On 31 July 2013 the charitable company took over the assets and liabilities of Dig Deep (Africa) (registered charity number 1121493) and started trading.

The trustees who served during the year were:

Mr P R Fitzsimmons Mrs J Green Mr J N J Pallett Ian Martin Wyatt (appointed October 2022) Dr Ania Maria Wanda Grobicki (appointed October 2022) Ms D Harrison Mr D S Fitzsimmons Ms D Chetty

The management of the charity is carried out by the trustees and the Chief Executive.

The trustees meet at regular intervals throughout the year to review the charity’s strategy and performance, approve plans and monitor budgets.

The day to day operations of the charity are carried out by Ben Skelton, the Chief Executive.

Members of the Board of Trustees give their time voluntarily. When appointing Trustees, the charity places emphasis on the skills, knowledge and experience that is required for the Board to adhere to undertake its responsibilities effectively. Nominations for potential Board members come from a variety of sources and the process may include personal approaches to potential candidates. Induction and training for Board members is personalised on the basis of their existing skills, knowledge and experience and to reflect any prior knowledge that they have of the charity.

The charitable company also controls Dig Deep Challenges Limited (registered company number 0591740) a company limited by guarantee. The company was incorporated on 1 July 2013 and started trading on 1 August 2013.

DIG DEEP (AFRICA)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors of Dig Deep (Africa) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each 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 charitable company for that year.

In preparing these financial statements, the trustees are required to:

-select the most suitable accounting policies and apply them consistently;

-observe the methods and principles in the Charities SORP;

-make judgements and estimates that are reasonable and prudent; and

-prepare the financial statements on a going concern basis unless it is not appropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Dated: 26 September 2023

DIG DEEP (AFRICA)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DIG DEEP (AFRICA) FOR THE YEAR ENDED 31 DECEMBER 2022

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity Trustees, who are also 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 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 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 examiners statement

Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.

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 that in any material respect:

  1. 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

  2. the accounts do not comply with the 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

  3. 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.

AM Wells FMAAT

99 Western Road Lewes East Sussex BN7 1RS

Dated: 26 September 2023

DIG DEEP (AFRICA)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted

funds
Notes
£
Income from:
Donations
3
145,638
Charitable activities
4
626,431
Total income
772,069
Expenditure on:
Raising funds:
Costs of generating voluntary income6
54,724
Charitable activities
7
717,631
Total expenditure
772,355
Net income before transfers
(286)
Gross transfer between funds
(137)
Net movement in funds
(423)
Fund balances at 1 January 2022
276,723
Fund balances at 31 December 2022
276,300		 Restricted
funds
£
168,214
-
168,214
-
105,608
105,608
62,606
137
62,743
20,049
82,792
 Total
2022
£
313,852
626,431
940,283
54,724
823,239
877,963
62,320
-
62,320
296,772
359,092		 Total
2021
£
220,284
314,609

534,893

43,143
350,006

393,149

141,744
-
141,744
155,028

296,772

The statement of financial activities has been prepared on the basis that all operations are continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DIG DEEP (AFRICA)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted

funds
Notes
£

Income from:
Donations
3
141,958
Charitable activities
4
60,758
Investment income (gift aid
payments from subsidiary
undertaking)
5
22,507
Total income
225,223

Expenditure on:
Raising funds:
Costs of generating voluntary income6
48,744
Charitable activities
7
176,766
Total expenditure
225,510

Net income before transfers
(287)
Gross transfers between funds
(137
Net movement in funds
(424)
Fund balances at 1 January 2022
276,905
Fund balances at 31 December 2022
276,481		 Restricted
funds
£
168,214
-
-
168,214
-
105,608
105,608
62,606
137
62,743
20,049
82,792		 Total
2022
£

310,172
60,758
22,507
393,437
48,744
282,374
331,118
62,319
-
62,319
296,954
359,273		 Total
2021
£
212,179
37,038
176,858

426,075

42,944
240,894
283,838

142,237
-
142,237
154,717

296,954

The statement of financial activities has been prepared on the basis that all operations are continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DIG DEEP (AFRICA)

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
12
Cash at bank and in hand

Creditors: amounts falling due within
one year
13
Net current assets
Creditors: amounts falling due after
one year
13
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds
Designated funds
Non-charitable trading funds		 2022
£
£
-
3,000
362,258
365,258
(6,166)
359,092
-
359,092
82,792
90,081
186,219
-
359,092		 2021
£
£
-
-
375,254
375,254
(3,482)
371,772
(75,000)
296,772
20,049
94,629
182,084
-
296,772

For the financial year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question 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 for the preparation of accounts.

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

26 September 2023

Company number: 08034496

DIG DEEP (AFRICA)

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Creditors: amounts falling due after
one year
13
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds
Designated funds		 2022
£
£
-
-
-
193,381
169,346

362,727
(3,454)
359,273
-
359,273
82,792
90,262
186,219
359,273		 2021
£
£
-
-
-
190,775
182,799
373,574
(1,620)
371,954
(75,000)
296,954
20,049
94,821
182,084
296,954

For the financial year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question 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 for the preparation of accounts.

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

26 September 2023

Trustee and Treasurer

Company number: 08034496

DIG DEEP (AFRICA)

STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2022

Notes
Cash flow from operating activities
Cash generated from operations
16
Investing activities
Purchase of tangible fixed assets
Net cash (used in) investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning
of year
Cash and cash equivalents at end of year
Cash flow from operating activities
Cash generated from operations
16
Investing activities
Purchase of tangible fixed assets
Net cash (used in) investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning
of year
Cash and cash equivalents at end of year		 2022
£
-

2022
£

 2022
£
-

2022
£

 Group

2021
£
£
£
(12,996)
209,122
-
-
-
-
-
(12,996)
209,122
375,254
166,132
362,258
375,254
Charity

2021
£
£
£
(13,453)
145,619
-
-
-
-
-
-
(13,453)
145,619
182,799
37,180
169,346
182,799		 Group

2021
£
£
£
(12,996)
209,122
-
-
-
-
-
(12,996)
209,122
375,254
166,132
362,258
375,254
Charity

2021
£
£
£
(13,453)
145,619
-
-
-
-
-
-
(13,453)
145,619
182,799
37,180
169,346
182,799
-
-
145,619
37,180
182,799

DIG DEEP (AFRICA) NOTES TO THE CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Company information

Dig Deep (Africa) is a charitable company limited by guarantee incorporated in England and Wales. The registered office is 2 Rushdale Road Sheffield South Yorkshire S8 9QB.

1.1 Accounting convention

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006.

The accounts are prepared in sterling, which is the presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The functional currencies of the charitable company are sterling and Kenyan shillings.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Incoming resources

Grants are accounted for on a receivable basis.

Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities when receivable except insofar as they are incapable of measurement.

Income from activities for generating funds represents amounts receivable for challenge events.

1.5 Resources expended

Resources expended are recognised in the year in which they are incurred inclusive of irrecoverable VAT and are allocated to the headings in the Statement of Financial Activities based on their nature. Costs have been apportioned on the basis of time spent by individuals on the relevant costs and usage of resources.

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

Costs of generating voluntary income includes expenditure relating to the raising of funds.

Costs of generating funds relate to costs incurred by the trading subsidiary.

Expenditure relating to charitable activities includes all the costs relating to the delivery of its activities and services to its beneficiaries.

Support costs are overheads with the allocation of support salary costs and other administration costs.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

During the year the charity’s objectives were amended to more correctly reflect its aims. These objectives are set out in the Trustees Report in page 1. Accordingly costs of challenge events are now included as charitable activities and the comparatives have been restated where appropriate.

1.6 Tangible fixed assets and depreciation

Fixtures, fittings and equipment of less than £500 in value are expended in the year of purchase. Fixtures, fittings and equipment having an initial cost greater than £500 are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

1.7 Investments

Fixed assets investments are stated at cost.

Unrealised gains and losses on investments are recognised in the Statement of Financial Activities in the year in which they arise.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.8 Impairment of fixed assets (continued)

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities.

1.10 Financial instruments

The company 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 when the charity becomes party to the contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.10 Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Foreign exchange

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains and losses on translation are included in the statement of financial activities.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

DIG DEEP (AFRICA) NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the directors 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.

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. There are no judgements or estimates which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities.

3 Donations

3 Donations
Group and Charity
Unrestricted Restricted Total Total
funds funds 2022 2021
£ £ £ £
Donations and grants 145,638 168,214 313,852 220,284
For the year ended 31 December 2021 179,815 40,469
Included in donations and grants are:
Kenyan Government’s Constituency
Development Fund - - - 2,499
Souter Charitable Trust - 3,000 3,000 3,000
Peter Stebbings Memorial Charity - - - 8,670
Richard Solomons Charitable Trust - 4,500 4,500 -
Jephcott Charitable Trust
-
-		 - 10,000
Travers Smith Foundation - - - 1,000
Big Give Christmas Challenge 2020 - - - 15,100
Waterloo Foundation - 25,000 25,000 -
The Clarkson Foundation - 82,606 82,606 -
Stiftung Drittes Millennium - 21,608 21,608 -
The Ferguson Charitable Trust - 25,000 25,000 -
Other small grants and donations 145,638 6,500 152,138 180,015
145,638 168,214 313,852 220,284
4 Other trading activities: Income from challenge events
Group
 Charity
Total Total Total Total
2022 2021 2022 2021
£ £ £ £
Income from challenge events 626,431 314,609 60,758 37,038

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5
Investment income



Donations from Dig Deep Challenges Ltd
6
Raising funds



Costs of generating voluntary income		 Group
Total
Total

2022
2021
£
£

-
-
Group
Total
Total

2022
2021
££
54,724
43,143		 Charity
Total
Total
20222021
££
22,507
176,858
Charity
Total
Total
20222021
££
48,744
42,944

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

Group & Charity
2022
Charitable Support Governance
Activities Costs
£ £ £

Practical Immediate Solutions
137,048
-
-
Long-term partnerships for change
60,901
-
-
Challenge Event Programme - direct costs
of challenge events (using funds paid and
raised specifically for these purposes).
460,938
-
-
Challenge Event Programme - investment in
supporting the development of the young
people taking part in this programme (using
funds paid and raised specifically for these
purposes).
126,591
-
-
Finance and Governance - accounting,
financial management and ensuing that all
of our work complies with legal requirements
and guidelines, both in the UK and Kenya
-
37,161
600
785,478
37,161
600
Analysis by fund
Unrestricted funds
679,870
37,161
600
Restricted funds
105,608
-
-
785,478
37,161
600


Total
£
137,048
60,901
460,938
126,591
37,761


823,239

717,631
105,608

823,239

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities (continued)

7
Charitable activities (continued)
Group & Charity
2021
Charitable Support Governance
Activities Costs
£ £ £

Taps - investment in clean water projects
33,011
-
-
Toilets - investment in safe sanitation
projects
44,290
-
-
Training - investment in hygiene education
32,452
-
-
projects
Monitoring and Support - investment in
monitoring and supporting projects
completed in previous years
24,955
-
-
COVID Response
18,552
-
-
Challenge Event Programme - direct costs
of challenge events (using funds paid and
raised specifically for these purposes).
3,318
-
-
Challenge Event Programme - investment in
supporting the development of the young
people taking part in this programme (using
funds paid and raised specifically for these
purposes).
130,745
-
-
Finance and Governance - accounting,
financial management and ensuing that all
of our work complies with legal requirements
and guidelines, both in the UK and Kenya
-
62,083
600
287,323
62,083
600
Analysis by fund
Unrestricted funds
224,924
62,083
600
Restricted funds
62,399
-
-
287,323
62,083
600

Total
£
33,011
44,290
32,452
24,955
18,552
3,318
130,745
62,683

350,006
287,607
62,399
350,006

Governance costs includes payments to the independent examiner of £600 for independent examination fees (2021: £600) of the charity and consolidated group accounts. Support costs of the charity and the group include £1,650 (2021: £1,650) paid to the independent examiner for other services.

DIG DEEP (AFRICA) NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or expenses during the year (2021: £nil).

9 Employees

Number of employees

The average monthly number of employees during year was:

Operations
Administration
Employment costs




Wages and salaries
Social security costs
Pension costs		 7
2
9
2022
£
195,444
15,592
4,213
215,249		 7
2
9
2021
£
191,072
13,632
4,280		 7
2
9

208,984

There were no employees whose annual emoluments were £60,000 or more.

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Tangible fixed assets

Group
Computer
equipment
£
Cost
At 1 January 2022
11,763

Additions
-
At 31 December 2022
11,763

Depreciation
At 1 January 2022
11,763

Charge for the year
-
At 31 December 2022
11,763

Net book value
At 31 December 2022
-
At 31 December 2021
-

Charity
Computer
equipment
£
Cost
At 1 January 2022
2,732
Additions
-
At 31 December 2022
2,732
Depreciation
At 1 January 2022
2,732
Charge for the year
-

At 31 December 2022
2,732
Net book value
At 31 December 2022
-
At 1 January 2022
-
 Total
£
11,763
-
11,763

11,763
-
11,763

-
-
Total
£
2,732
-
2,732
2,732
-
2,732

-
-

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

11 Fixed assets investments

The charitable company controls Dig Deep Challenges Limited, which is a UK company limited by guarantee. This subsidiary is included in these consolidated accounts.

12 Debtors




Amounts owed by group undertakings
Accrued income and prepayments		 Group
2022 2021

£ £
-
-
3,000
-
3,000
-		 Charity
2022 2021
£
£
190,381
190,775
3,000
-
-
193,381 190,775		 Charity
2022 2021
£
£
190,381
190,775
3,000
-
-
193,381 190,775
190,775

13 Creditors: amounts falling due within one year




Tax and social security costs
Other creditors
Accruals and deferred income
Creditors: amounts falling due after one year



Loan
 Group
2022 2021

£ £
912
962
-
-
5,254
2,520
6,166
3,482
Group
2022 2021

£ £
- 75,000
-
75,000		 Charity
2022 2021
£
£
-
962
-
-
3,454
2,520
3,454
3,482
Charity
2022 2021
£
£
- 75,000
-
75,000		 Charity
2022 2021
£
£
-
962
-
-
3,454
2,520
3,454
3,482
Charity
2022 2021
£
£
- 75,000
-
75,000

75,000

During the year Dig Deep (Africa) took out a Coronavirus Business Interruption Loan (CBILS) as part of the Government scheme to help aid businesses and charities’ cash flow as a result of the Coronavirus. The loan was repaid in full in July 2022 before any interest become payable.

DIG DEEP (AFRICA) NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.

Group and Charity Group and Charity
Movement in funds
Balance at Incoming Resources Transfer Balance at
1 January resources expended between 31 December
2022 funds 2022
£
 £ £ £ £
Kenyan Government’s
Constituency Development Fund 4,219 -
-		 - 4,219
The Big Give 213 - - - 213
Waterloo Foundation - 25,000 (25,137) 137 -
Jephcott Charitable Trust 3,698 - (3,698) - -
Souter Charitable Trust 2,432 3,000 (4,223) - 1,209
Ferguson Foundation - 25,000 (23,869) - 1,131
Dr Richard Solomons Charitable
Trust - 4,500 - - 4,500
Clarkson Foundation - 82,606 (38,251) - 44,355
Stiftung Drittes Millennium - 21,608 (9,456) - 12,152
Other small funds 9,487 6,500 (973) - 15,013
20,049 168,214 (105,608)
 137 82,792

Kenyan Government’s Constituency Development Fund

The Constituency Development Fund supports constituency-level development projects that combat poverty at the grassroot. This is part of a multi-year co-funding agreement to provide 19 schools with safe sanitation in Bomet County, Kenya.

The Big Give

This is the UK’s biggest match funding campaign. The funds raised have allowed the charity to provide clean water to 4 schools removing barriers to education for over 3,300 kids in the first 5 years.

Waterloo Foundation

The Waterloo Foundation (TWF) is an independent grant-making Foundation which invests in projects which help globally, with particular focus on the disparity of opportunities, wealth and the unsustainable use of the world’s natural resources. These funds were provided to develop the Bomet WASH Masterplan.

Jephcott Charitable Trust

Jephcott Charitable Trust – a charitable trust making a difference in areas of environment, health and education. The funds were provided to implement a Community Led Total Sanitation (CLTS) in 20 villages in Bomet County and to enable Dig Deep to train Public Health Officers to implement CLTS at scale.

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Souter Charitable Trust

The Souter Charitable Trust – a charitable trust supporting projects for the relief of human suffering in the UK and overseas. The funds were provided to implement a Community Led Total Sanitation (CLTS) project in 20 villages in Ndanai-Abosi, Bomet County to improve hygiene behaviour and stop open defection. This includes post ODF activities such as training local artisans to build more permanent

The Alan & Nesta Ferguson Charitable Trust

The Allan and Nesta Ferguson Charitable Trust was set up in 1979 by their son and daughter in law, John and Elnora. Its objectives closely follow the interests of the Ferguson family and their commitment to education, peace, and reducing poverty in developing countries. This year their support allowed the charity to undertake a combination of community clean water and menstrual health projects.

Dr Richard Solomons Charitable Trust

The Dr Richard Solomons Charitable Trust makes grants to organisations, with particular emphasis on those organisations providing servies or other benefits for those with learning difficulitues. The grant was invested in the charity’s community spring protection programme

The Clarkson Foundation

The Clarkson Foundation are committed to helping create meaningful, lasting change around the world. The Foundation generously provided two grants in this period. The first grant was used to provide 5 schools with clean water, safe toilets and good hygiene. The second grant will be used in 2023 to provide 9 communities with clean water

Stiftung Drittes Millennium

The Foundation for the Third Millennium promotes sustainability in all sectors of society. This year their support has enabled the charity to undertake a combination of clean water and community sanitation projects.

15 Analysis of net assets between funds

Group
Unrestricted
Restricted
funds funds
£ £
Fund balances at 31 December 2022 are
represented by:
Tangible fixed assets
-
-
Net assets
276,300
82,792
276,300
82,792		 Total
£
-
359,092

359,092

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022


Fund balances at 31 December 2022 are
represented by:
Tangible fixed assets
Net assets
16 Cash generated from operations
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Movement in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors

Cash generated from operations

Charity
Unrestricted
Restricted Total
funds funds
£ £ £
-
-
-
214,162
82,792
296,954
214,162
82,792
296,954
Group
Charity
2022 2021 2022 2021
£
£
£
£
62,320
141,744
62,319
142,237
-
490
-
-
(3,000)
3,224
(2,606)
(66,223)
(72,316)
63,664
(73,166)
69,605
(12,996)
209,122
(13,453)
145,619

DIG DEEP (AFRICA)

NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

17 Related parties

The charitable company has control of 100% of the assets and trade of Dig Deep Challenges Limited, a company limited by guarantee. The company organises challenge events with the aim of generating profits which it can donate to its parent. The company was incorporated on 1 July 2013 and started trading on 1 August 2013 (company number 08591740).

Details of the subsidiary company’s assets at 31 December 2022 and results for the year then ended are as follows:

Dig Deep
Challenges Limited
£
Turnover 569,354
Cost of sales (524,868)
Gross profit 44,486
Administrative expenses (44,486)
Loss for the period -
Tangible fixed assets -
Debtors -
Cash at bank and in hand 193,093
193,093
Current (liabilities) (193,093)
Net current (liabilities) -
Net assets -