## **Trustees’ annual report (including Directors’ report) for the period** **From: 01.04.2020 To: 31.03.2021** **Charity name: Creating Better Futures** **Charity registration number: 1148929** **Company number: 07856205** ## **Objectives and activities** **----- Start of picture text -----**
SORP reference
Summary of the purposes of Para 1.17 To relieve poverty through the advancement
the charity as set out in its of education and through the improvement of
governing document basic welfare for the public benefit of
orphans and vulnerable children in
Zimbabwe and their communities.
Summary of the main Para 1.17 and Creating Better Futures provides access to
activities in relation to those 1.19 education, including school fees, school
purposes for the public supplies, school uniforms and basic medical
benefit, in particular, the care for orphans and vulnerable children in
activities, projects or services rural communities in Zimbabwe.
identified in the accounts.
Creating Better Futures also supports
education through the provision of daily
nutritional meals to over 5,000 children via
three Primary School feeding programmes.
However, this has been curtailed during the
year due to Covid restriction.
Creating Better Futures also initiates
projects that help support education and
benefit the children, schools and/or local
community, including projects related to
hygiene, sanitation and clean water.
Statement confirming Para 1.18 We confirm the trustees have had regard to
whether the trustees have the Charity Commission’s guidance on
had regard to the guidance public benefit.
issued by the Charity
Commission on public
benefit
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## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Creating Better Futures performs its
charitable activities through its sister
organisation, Creating Better Futures
Zimbabwe.| |||Grants totalling £59,276 were made and the
delivery of these activities monitored.
Creating Better Futures do not make any
other grants.| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|Creating Better Futures have not made any
social investments to date.| |Contribution made by
volunteers|Para 1.38|During the year Creating Better Futures
employed three staff members, but is still
reliant on the contribution of volunteers and
the skills they provide is critical to the
success of Creating Better Futures.| |Other||During Summer 2020, two student interns
worked for Creating Better Futures as part of
the University of Reading summer internship
scheme. Funding for the placements is
provided to Creating Better Futures from the
University of Reading.| ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Creating Better Futures continued to provide
school fees, supporting children at eight
primary schools and eight secondary
schools. During the year we maintained the
number of children individually sponsored at
approximately 134.
Creating Better Futures continued our
feeding programmes, but due to the covid
pandemic we were only able to deliver food
packages to sponsored children and their
families, we delivered over 630 monthly food
parcels.
Creating Better Futures continued to focus
on projects with a sustainable focus and
larger project applications. During the year:
-
Reading Family Church continued its
partnership with Creating Better
Futures, providing funding for a
Borehole at our Farming Project, this
was matched with funding from the
Souter Trust.
-
The Rotary Club of Maidenhead
continued their support for
Maunganidze children’s home by
providing a monthly food package for
the second half of the year.
-
We received funding for Foundations
for Farming training for our team, to
help develop our farming projects
within the communities.| |---|---|---| **----- Start of picture text -----**
||| |---|---| |-|Many individual donors and various| |organisations supported our general| |appeal, including 16 Rotary Clubs,| |Reading Family Church and the Ross| |& Sally Russell Charitable Trust.| |Due to the Covid-19 pandemic, Creating| |Better Futures were unable to undertake our| |usual fundraising activities. During the year,| |the Reading Half Marathon was postponed| |to November, resulting in a smaller event| |and we were unable to host our annual Out| |of Africa charity gala ball. Instead, we hosted| |a number of online events and appeals.| |Creating Better Futures was also successful| |for a number of small general grants during| |the year, but the opportunities were reduced| |on the prior year due to increased| |competition for grants due to the Covid-19| |pandemic.| |During the year Creating Better Futures| |continued to be provided with free office| |space in Reading by Centric Community| |Projects, but due to Covid-19 pandemic the| |team mostly worked remotely.| |In addition, Creating Better Futures| |continued its involvement with the University| |of Reading, through the summer internship| |scheme.| **----- End of picture text -----**
## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
||| |---|---| |Creating Better Futures maintained the| |number of children sponsored and despite| |Para 1.41| |Achievements against|severe operational challenges due to the| |objectives set|Covid-19 pandemic we continued to deliver| |a feeding program (in a different form) and a| |range of sustainable projects.| |The funds raised by Creating Better Futures| |during the year were consistent with the prior| |Para 1.41| |Performance of fundraising|year, although this came largely from a great| |activities against objectives|response to our general appeal, rather than| |set|events due to the Covid-19 pandemic.| |Creating Better Futures do not have any| |Investment performance|investments.| |Para 1.41| |against objectives| |None| |Other| **----- End of picture text -----**
## **Financial review** **----- Start of picture text -----**
Creating Better Futures has had a
Review of the charity’s Para 1.21 challenging year due to the impact of the
financial position at the end Covid-19 pandemic on our fundraising
of the period opportunities and our ability to operate in
Zimbabwe. However, due to an amazing
response to our online appeals from
supporters our reserves have strengthened.
Creating Better Futures aims to retain
Statement explaining the Para 1.22 reserves equal to a month’s expenditure,
policy for holding reserves based on a rolling 12 month average. This
stating why they are held should be sufficient to meet any unforeseen
expenditure or to be able to continue, in the
short term, funding planned activities in the
event of unexpected drops in income.
Reserves will be utilised at the Trustees
discretion.
It is necessary to hold sufficient working
capital to enable the termly payment of
school fees.
Amount of reserves held Para 1.22 £17,950
Reasons for holding zero Para 1.22 Not applicable
reserves
Details of fund materially in Para 1.24 None noted
deficit
Explanation of any Para 1.23 The trustees have considered Creating
uncertainties about the Better Futures ability to continue as a going
charity continuing as a going concern and apart from the general
concern uncertainties of the Covid-19 pandemic,
have no specific uncertainties to note.
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**----- Start of picture text -----**
Additional information (optional)
You may choose to include further statements where relevant about:
Creating Better Futures has four principal
The charity’s principal funding types: individual donations, funding
Para 1.47
sources of funds (including from organisations, individuals fundraising
any fundraising) on our behalf and funds raised during our
own events, including an annual ball.
Creating Better Futures does not have any
Investment policy and investments.
Para 1.46
objectives including any
social investment policy
adopted
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|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Creating Better Futures has four principal
funding types: individual donations, funding
from organisations, individuals fundraising
on our behalf and funds raised during our
own events, including an annual ball.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Creating Better Futures does not have any
investments.| |A description of the principal
risks facing the charity|Para 1.46|Creating Better Futures is exposed to a
number of risks and the trustees are
focussed on mitigating these risks where
possible.
The principal risks facing Creating Better
Futures are:
-
Disruption to our ability to perform
our charitable activities in Zimbabwe| |||due to political, economic and
infrastructural instability;
-
Increased costs due to unfavourable
movements in the GBP/USD
exchange rate or inflation within
Zimbabwe; and
-
Worldwide challenges dues to the
Covid Pandemic, impacting
fundraising in the UK and delivery of
charitable objectives in Zimbabwe.| |---|---|---| |Other||The majority of funds raised during the year
are sent directly to Zimbabwe to support our
beneficiaries, with expenditure in the UK
relating to supporting the charitable
activities, running costs, fundraising activities
and governance.| ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document:
for example,trust deed,
memorandum and articles of
association etc|Para 1.25|Memorandum and Articles| |How is the charity
constituted?
for example limited company,
unincorporated association,
CIO|Para 1.25|Charitable Company Limited By Guarantee| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by Board of Trustees| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|All new trustees are briefed by the other
trustees on the key activities of Creating
Better Futures and are also required to read
the range of guidance produced by Charity
Commission, including The Essential
Trustee (CC3)| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Creating Better Futures is governed by the
Board of Trustees, with the day to day
management performed by the Chief
Executive Officer.
Creating Better Futures is not part of a wider
network.| |||Creating Better Futures delivers its
charitable activities in Zimbabwe through its| |Relationship with any related
parties|Para 1.51|sister organisation, Creating Better Futures
Zimbabwe.| |---|---|---| |Other||None| ## **Reference and administrative details** |Charity name|Creating Better Futures| |---|---| |Other name the charity uses|CBF or CBF UK| |Registered charity number|1148929| |Charity’s principal address|First Floor Unit 4 Beacontree Plaza
Gillette Way
Reading
Berkshire
RG2 0BS| ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for Name of person (or body) entitled
Trustee name Office (if any)
whole year to appoint trustee (if any)
1 Peter Malcolm Dunn Chair CBF Board of Trustees
2 Michael John Dix Treasurer CBF Board of Trustees
3 Lisa Marie Chaffey to 30/07/2020 CBF Board of Trustees
4 Samantha Bramwell CBF Board of Trustees
5
6
7
8
9
10
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## – Corporate trustees names of the directors at the date the report was approved |**Director name**|| |---|---| |None|None| ||| Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**| |---|---| |None|None| ||| ## **Funds held as custodian trustees on behalf of others** **----- Start of picture text -----**
Description of the assets N/A
held in this capacity
Name and objects of the N/A
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for N/A
safe custody and
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segregation of such assets from the charity’s own assets ## **Additional information (optional)** **Names and addresses of advisers (optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| |None|N/A|N/A| |||| **Name of chief executive or names of senior staff members (optional information)** Dorothy Dix ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Other optional information** None ## **Declarations** **The company has taken advantage of the small companies’ exemption in preparing the report above.** **The trustees declare that they have approved the trustees’ report (including directors’ report) above.** **Signed on behalf of the charity’s trustees/directors** **----- Start of picture text -----**
Signature(s)
Full name(s) Michael Dix Peter Dunn
Position (for example
Secretary, Chair, etc) [Treasurer ] Chair
Date
28/01/2023
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Creating Better Futures Charil No Com an No Annual accounts for the To 1148929 07856205 eriod eno en date Period start date 01.04.2020 31.03.20201 Section A Statement of financial activities (including summary income and expenditure account) Restricted incorne funds Unrestricted funds Endowment funds Prior year funds Recommended categories by activity Total funds Income {Note 3) Ineomo and èndtswmonts from- Donations and legacies Charitable 8clivilies Other trading activities Inyeslmenls F01 F02 F03 F04 F05 S01 62,650 10,360 55.203 30 117,853 10,390 99,448 27,469 S02 S03 S04 S8para18 ma18rial i18m of Incom8 SOS Other Total Expenditure (Notes 6) Expenditure on: Raislng funds Chariiablè a¢livftia8 S06 10,000 83,010 10,000 138,243 10,000 136,917 $07 55,233 S08 2,603 56,505 2,603 114,130 17,328 105,425 S09 57.625 Sépar818 m818rial trxp8n88 itèm Other S10 S11 10,000 69,108 10,000 126,733 10,000 132,753 Total S12 57,625 Net incomel(expenditure) before tax for the reporting period S13 13,902 2,392 11,510 4,164 Tax p8yabl• S14 Net incomel(expenditurel after tax before investment gainslllosses) S15 13,902 2,392 11,510 4,164 Nel gain￿[lOSses) on Inv8slm8nts S18 Net incomel(expendilure) Extraordinary items Transfers between funds Other recognised gainslllosses): S17 S18 S19 13,902 2,392 11,510 4,164 G8ins and losses on revJuation of fixed a55ets forthe charit￿$ own use Other gainslllossesl S20 S21 Net movement in funds $22 13,902 2,392 11,510 4,164 Reconciliation of funds.. Total fun¢5 brought foDN¥rd S23 12,301 26,203 11,347 8,955 23,648 35,158 19,484 23,648 Total funds carried forward S24 Creatlng Bettèr Futures Charity No Company No 1148929 78fjfi2nfj Section B Balance sheet R8Strict8d in¢om8 funds Unrestricted fund5 Endowment Total this funds year Total last Fixed assets Intangible assets Tangible assets Heritage a5S8ts Investments F01 F02 F03 F04 F05 INote 151 INote 141 INot8 161 INote ln Total fixed assgts 481 481 984 Current assets Stocks (Note 181 Debtors INote 191 Investments INote 17.41 Cash at bank and In hand (Note 241 Total current assets 9.086 4.100 13.186 9,204 14,150 810 Crgdilors.. amounts fallin9 due within one year (Note 201 1,314 1,314 690 Net ¢urrentassets/(liabilities) 812 22,664 Tota13Ssets less cufTentliabiliti8s B13 Creditors.. amounts falling due after one year INote 201 Provisions for liabilitiès B14 B15 rotal net assets orllabllltles Funds of the Charity B16 26,203 8.955 35,158 23.648 Endowment funds (Note 271 Restrlcted Income funds (Note 271 Unre5trict8d funds 817 818 8,955 8,955 26,203 11.347 12,301 B19 26,203 Revaluation reserve Fair value reserve B21 Total funds 23,648 The company was entlded to exemptlon from audit unders477 of the Companies Act 2006 relating to small companies. The members have not required the comwny to gbtsin an gudi¢ in a￿Or[lance with section 47fj of the Companles Act 2006. The directors acknowledge their responsibilities forcomplying with the requlrements of the Companles Act with respect to accounting records and the preparation of accounts. These a¢Gounts have been prepared In accordance wlth the provlslons appllcable to small Gompanles subjgct to th• small eompaniès r￿lmO ènd aecordane• with FRS102 SORP. Signed by one or two trusle&sldirectors on behalf of all th& trusteesldirÈctors Date of approval ddlmml Print Name Michael Dix 2810112023 Peter Dunn 2810112023 Signature D8te ddlmml Signature of director aulhenlicaling account8 being sent lo Compani88 House 2810112023 Michael Dix Print name CC170 IEx¢ell 2910112023 Section C Notes to the accounts Note 1 Basis of preparation This section should bg complet8d by all chariti8S. 1.1 Basis of accounting These accounts have been p￿pared under the historical cost convention with items recognised at cost or transaction value unless otherwise staled in the relevant notelsl to these accounts. The accounts have been pared in accordance with.. the St8t8m8nt of R8comrnend8d Practice.. Accounting and Reporting by Chariti8S preparing their account5 in 8ccordanc8 with the Financial Reporting Standard 8ppIic8b18 in the UK and Republic of Ireland IFRS 1021 issu8d on 16 July 2014 and with. arid with. the Financial Reporting Standard applicable in the Unite(J Kingdom and Republic of Ireland IFRS 1021 and with the Charities Act 2011. The charity consts"tutes a public benefrt entrty as defined by FRS 102.. -Titk as appropriate 1.2 Going concern If there are material uncertainties related to events or conditions that castsignificant doubt on the charity's ability to continue as a going ¢on¢ern, please provide the killowing details orstate 'Not applicable. rf appmpriat8.' An explanation as to those lacttsrs that support the conclusion that the charity is a going conTrm', Not applicable Di5closur8 of any uncertaint185 that m8k8 the going concern assurnption doubttul., Not 8pplicabl8 Where accounts are not prepared on a going contsm basis. please disclose this la together wrth the basis on which the trustees prepa￿d the accounts and the reason why the charity is not regarded as a going cOn￿M. Not applicable 1.3 Change of accounting policy The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.2. Yes. -Tick a8 appropriate Please disclose.. None noted, all accounting policies a￿ consistent with the prior year accounting policies (i) the nature gf the ¢hange in a¢¢gunting poli¢y,' Not appli¢8ble {IlJ the ￿3$0￿$ why applylng the new aocountlng pollcy provides mor8 reliablg and more rel8vant information,. and {iiiJ the amount of the adjustment foreach line affected In the ¢urrentperiod, each priorperiodpresented and the aggregate amount of the adjustmentrelating to periods before those presented, 3.44 FRSIQ2 SORP. Not applicable CC17a IExGell 2910112023 1.4 Changes to accounting 8stimat?s No ch8nges to accounting estimates have occurred in th& r8POrting period13.46 FRS102 SORPI. Yes. No. -Tick as appropriate Pl8ès• diselosè.. (i) the nature of any changes.. None noted (li) the effect of th8 change on income and expense or assets and Ilabllltles for the cuffentperlod,. and Not applicable {iiiJ where practicable. the effect of the change in one or more future periods. Not applicable 1.5 Material prior year errors No material rior ear error have been identified in the re Y8s" ortin eriod 3.47 FRS102 SORP . No. -Tick as appropriate Please disclose.. None noted {1] the nature of the priorperiod error,. (li) fore8ch priorperiodpresented in the accounts, the amount of the correctlon for each account Ilne Item affected." and Not applicable {iiiJ the amountof the correction at the beginning of the eartlestprlorperlod presented In the accounts. Not applicable CC17a IExGell 2910112023 Section C Notes to the accounts cont Note 2 Accounting poliGies Thls standa￿l￿101ac￿u￿1Iljyp0Ik1eS has beettapplkdbyihe¢harityex¢eMrorthose dpleied. Whwea diff8rontoy8dd1tionalpolicy￿S b8enadtwtad thon fhis is tho l￿below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Pl8&s8 PrO￿d& a dO￿riPtion of natureof each changè in accounting policy None required R￿M￿tIll#tIONJ offurtd*wpr#viOuS GAAP to luyJd& dèt*mkin#duxJd•rFRS 102 stsrt of End of period pÈrfod Fund balanr8¥ ¥ prwou¥ly stated AdJusthJents.' Fund baLync8 as rastatqd R￿0￿CiAl￿tioNJ ofn8tiyJcox1￿l118t@XP￿rdjtUl8) pwprwrous GAAPto n8tiyjc0m￿(1JotOXp￿thUl0j uyJd8rFRS 102 End of Net Sncomellexpendlturel as pr￿OUSly tatsd Prevlous perlod net Incornellexpendfturel as rgstatsd CC17a (Excell 101r2023 Section C Notes to the 3CCOUnts cont Note 2 Accounting policies 2.2 INCOME Recollnltlon of Income Th858 ar& indud8d in th8 SLgt8m8nt of Finarhcial Activib8s ISoFA)￿8n. Iho charitybgcoffles enliued lo ihe resou￿95." il is more Iikelylhan thai the trustees wll recelve the resources., monataryvalu8 •n bg rn8asur8d r81iabilily. Yes. No" Nla. Yes. No. Mla. Off89tting There has ￿en nooffsethng of a55ets 1latrfl￿les, or Intome ar￿ expenses. Un￿58 requir￿ N permilted by the FRS 102 SORP or FRS 102. Grants and don*ions Grantsand donations are only1￿l￿ded in ihe sOFA￿en thegeneral in￿rne recognition a￿ rnel15.10 to 5.12 FRS102 SORPI. Yes" No" Nla" In the case ol perfotmance related grants. iTrcom8 mustonty be recognised lolh8 &￿ent Ihatlhe charity has provided the spgcified orseTvices as 8nlillemenl to the grant onlyoccurs when Ihg performanc& r91aled conditions are mel15.16 FRS 1Q2 SORPI. Yes, No" a. L4ÈcÈs S￿ included in the SOFAwhen receipt IS prtha￿e. that is. when the￿ h2s been 9rant of prt)￿te. the èxet￿0r5 have estÈblished that therègre Sutficient assets in the estate and any tondibOnS£ttathed to the leg£eyare either within the control of the tharityor hève been met Legacles Yes. No" Nla. Yes, No" GO￿rnment grants The chanty has re¢eived govgrntllgnt grants in Ihg reportlw PeTiod Gift Aid re¢sivablg Is in¢lu¢9d in in¢omgNthpn Ih9rg 1$ ? v?Iid dg¢1?raknon from Ihg donor. Tsx r8cLyirns on donations AnyGIft amount recovered on a Is ¢[￿￿1dered lo part ol Ihatgift and is and glfts treated as an ?ddilion to the same fund as the initial donation unksslhg donor orlh& letrns of the appeal havg specified othetwis Yes. ContOdual Thlg IS￿1￿ Induded In IheSDFA OTh￿ the eharfly has Wovided the reL8ted gr￿8 or perfom)an¢e related SÈTh1￿ or meithe performance ￿lated cOr￿lI0r￿S. grants Yes. No. Nla. Yas" No" Wa" Don¥¢gd goods Donated gwds are measurgd al fairvalue Ilhe amounlfor which the asset ￿Ul￿ be exchanged) unless Impractical lo doso. The cost of anyslock olgoods donated fordistribulion to be￿lIcIar18s isdeemed lo b& the l?irvalue 011h￿9 gifts at the lirneoflheir receipt Iheyar8 recognised on receipt. In the reporting p8riod in which the slwks ar8 dislribthed, they are rewgnisgd ?s an expens8 al the catrying amountol th8 stocks 81 dislnwion. Yes. No" Wa" Donated goods lor resale are tneasured atfalrval￿(￿ initial reG0gnrt￿. Mthich islhg expected prowedslrotn salg lesslh& &￿e¢￿d Costs ol sale. and recognised In'ln¢orne Iriffl olh8rlrading a￿l¥ll185, with the wrr&spondirbg slwk recognised In the balance sh991. On its sa19 lh9 value of slwk is charggd ￿ainst.1￿COme Irorn olhgrlrading acbvthgs. and the proc990s from sale arg also rwnisgd as'lnwm91rom olherlrading acbvth&s'. Yes. r￿d5 donaied for on-going use bylhe charity are recognised astawitrAe fixed assets Included In the SOFA as inc(yning resix4rces when receivable. Yes. Gifts In kind foru59 bylhe chanty are Included In t￿ SOFA as iTKorne from ￿ationS when receivable. Yes. No" Nla. D¢￿￿ted $eMteB and Donakd services?ndts¢ilities are indud¢d inthe SOFA when rereived at the value ol the giftto the ¢h¥rity provided th8 value of the grft be rneasured reliawy. Yas. No" Nta" Donated services and facilities thai are ¢￿￿suM￿ imrnedialely are reujgnised as Income with an equiva￿￿1 8mwnl ￿cOgniSed 8S 8n expense under the appy0￿1ale heading in the SOFA. Yes. No" Wa. Yes. No. SuppDrtC05ts The charity has Incurred expenditure on support costs. The value ol anyvoluntary help rgcgived 18 TKII induded in Ihg aCC￿nts but Isdescrib8d inthg trustegs, annual report. Yes. No. Mla. VoluTrtqor help Income frorn Interest. roy4hies and divid8nd$ Thls Is Included In theaccounls when recdptis probable and ihe amouni receivable can be measured rella￿y. Yes. Incomefrorn membershlp Membership Subscnptths ￿ceIVed In the nature 012 oift are recognised in Donatlons Yes. No" a. CC17 FRS 102 SORP 2910112023 Subscriptions and Legaiies. Membership Subscriptions which gives a memberthe rightto buyservices orother benefiis 8re recognised gs income earrt￿ from the prOvi￿Orn of goods and seMce5 a5 ineome from Charitsb￿£ttiVIties. Yes. No" Nla" Sgth8mgnt of Insuranc clalms In$uf8nce daims areonty included in the SOFA when the yeneral income rectgnition i￿rig Ère met IS.10 10 5.12 FRS102 SORPI and att included as an item olother inetthe In the SOFA. Yts. No" Wa" Investrnqnt sains and lasses Thls Include5 any reallsed or unreaised galns or losses on ihe sale of InvesThentsBnd anygaln orloss resultlng from rev8lulng Invesbnentsto m8theiv8lue8t ihe end ol the Yts. No" Nla" 2.3 EXPENDITURE AND LIABILITIES Liabilities are recognised where rt Is MO￿ likelylhan not ihatlhere is a leoal or tonstrnctive obligabon CLKnmitbng the chanty io pay￿1 resources and the amount Df the obligation can ￿ Measur￿ with reasonable certainty. Yes. No" Nla. Liabilityrgcogniti( GO￿rnanCe and supwrt Support ¢osts have been ¥llwpted between govern?nce costs 3nd othersuppvt. ¢08t GDvem8n¢e ¢osts oynpris8 all ￿￿t$ Invofving Publ￿ aEo4wntsbilityof th9 charity?nd Omplianc&￿7th regul*ion 3nd good pr?#i(e. Supwrtcosls include central functions and have been alkKaled lo aclivilycosl talegthies on a basis consislenl with the use ol resourtts, ￿ allocating property costs by floora￿aS. oi per capita, siaff costs by the ume spent and other costs by their U￿ge. Yes. No" Nla. Yes. No" Nta" Grants with p8rformanc8 Where thech8riiy 9ives 8 grant wllh condliK￿s for Ils paJfynenL beln9 a sp￿1flC level of conditions service oroutpullo provided. Such 9r8nts ￿￿ only ￿cOgnIs￿ In the SOFA once the recirrfent of the gfdnt has provided the speclfled serviCeor￿￿uL Yes, Grants payable without rfowmancq condition$ Where are Metsndlllons ait£thing tts thÈgr£nLth#i ènables the donoreharlty Yes. No" Nta" ret￿niSed. Yes. Redundancycost The chanty made no redundancy payrDenls during r&porbng penod. Deferred Incorne No ma￿￿181 iiem of defer￿d In￿Me has been induded in ihe accounts. Yes. No" a. Crtydittys The charity has creditors which are measured al setuemenl amounts less anyirade d15coums Yes. No. Nla. A liability Is measured on recognition al ib histonc￿ ￿$1 and then subsequeDUy tneasured atlhe besleslimal&of ihe amount required lo settle the obligalv)n allb rewrting dalo The charity 8eeounis for basic flnantial Instruments on initial ￿￿ThI110n as per par89raph 10.7 FRS102 SORP. Subseoueni measuremeni Is as per pawraphs 11.17 to 11.19. FRS102 SORP. Yes. Provlslonsforllabllttles Ba¥iEfinon¢ial Instruments Yes. No" Nla" 2.4 ASSETS Tanglbkflxed assetsfor Thes9 ar8 ¢apitalised rflhey¢aD bg usedlorrnore than one ye8r, cosl?11ga$l bycharty £250 Yes. No. Nta. They areV￿ued 81 COSL The 09preryat￿ ratss and mgthrwjs usgd are discbsed in note 14. The charity has Intangible fixed assets. that is. non4nonelaryassetslhal do not have physical substance bul are Identifiab￿ and areconirolled bylhecharityihrough custody or legal Yights. Theafflortisation ral&s and meihods used are disd08￿ In note 15. Intanglble fixed asse16 Yes. No. Nla. They are Valu￿ al C05L Yes. No" Wa" Th¢ charity h3$ heritage assets, thwt is. ￿0￿mone￿ry wssets with historir. 3rtistic, sryentific. tethtdggi¢al. geOphY￿ral ￿En￿r￿n[￿en1al qualities that ¥re held intained prinoipallylortheirwntribubon to knovAedg8 and Thed9pffryatiDn ratss and methods used 88 disdosed in nDt8 11 Yes. No" Wa" Herftagèassets Yes. No" Nla. They argvalu9d al cosl. Filed esEg1 Invgslmgnts In quo19d shargs. Iradgd borhds?nd similar invgsITnenls are walued at Initially al cost and sutsequenuy al fairvalue Ilheirmathelvaluel al the end. The saTne Ir&almenl Is applied ￿ unlisted investments unless lair value ￿nn01 easured reliablyin which Gase Il is tmeasured atcosl less Impaimenl. Investments Yes. InVeS￿ents held for re￿Ie or wnding iheir s8le and cash and c8sh equivalentswih a maturity dsle of less ihan 1 year arelre8led as cuThenl asset investments Yes. StvGks and in pro9rtss SlIKks h￿d lorsale as part of non-charilabletrade are measured aiihe lowerorcosl or nel realisaNe value. Yes. No. CC17 FRS 102 SORP 2910112023 Gwds or services Prov￿¢￿ as p¥rt of 3 charitable adivity are mpasurEd 3t net re3lis8b value basEd on the Se[V￿ potential prOv￿ed by iterns of stidt. Yes. Wotk in progress Is valu80 alcosl1888 any1(￿9&8eabl8 loss that Islike￿I0 (vur the ontra￿. Yes. No. Debtors linduding tTade debtOrS£nd bans receivable) are measured Dn In￿ reC(￿nitiOn at 5EtllemEnt amounlaftEr any tradpdiscounts of amDunlZdvan￿d bythp charity Subsequently. theyare measured at the cash or othErconsiderabon expECtth to be re￿Ved Debtors Yes. The charlty h8s InveS￿ments whlch it holds for resale orpending their sale 8nd cash End cash eqUiV8lents wlth a malurlty dale less than one year. These include c8sh ￿ deposii ar￿ c8sh eoulvaknts Wih a matuniy ol10sS than one ye8r held lor investment wrpc&es rather than 10 meet short-￿rM cash commi￿ents ss theyf811 due. Yes. No" current a¥6gt invgstrngnts Nla. Yes. No" Nla" They ar8v8lu8¢ ?ltsir value exceplwh8re Iheyqualrfy as bawcfinancial instruments. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Nont CC17 FRS 102 SORP 10 2910112023 Se¢tion C Notes to the accounts cont Note 3 Income R88trictsd Unrestrlcted Incornè funds funds Analysis of income endowment fund Total funds PriOrY￿r Donations and leyaciÈs= Donations and Gift Aid acies General grants prtsvided by govemmenvother Memb8r8hip subscriptions and sponsorships Donated Other oods facilities and services Totsl haritsble activities: Other Totsl Othèr tradlng activities- Other Total Income from Investments.. Intere81 income Dividend income Rental and leasin Other incoTne Totsl Separate materlal Item of income Totsl Other.. Conversion of endowment funds into income Gain on disposal of 2 tangl￿e fixÈd 2ssÈl held for charil '8 own use Gain on disposal of a programme re18ted Royaltie5 from the exploitation of intellectU31 Other Totsl TOTAL INCOME Cxher Intormatlon.. All Income In the prlor year wa5 unrestrf¢ted except for.. (please provide description and amounts) Wher8 any ondowmorf fund Is converted Into Incomo In tho reportlng perlod, please gfive the reason for the converslon. Within the inGome item8 above the following itetns are mat8rS0l'. Iplea80 dSs¢10$0 th8 natur8, amount 4t)d any prlor year amounts) Wh&ro $um8 orlglnally d6nomlnat8d In for8lgn ¢urron¢y h¥vo been included in income, explain the basis on which those sums have been translated into sterling lor currency in whl¢h tho a¢¢ount$ 816 upl. CC17a (Excell 2910112023 Section C Notes to the accounts cont Note 4 Analysis of receipts of govemment grants This year Last year Descri tion Govèrnmènt grant 1 Government grant 2 Government grant 3 Other None Total NIA Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other fomis of government assistance from which the Gharity has directly benefited. NIA CC17a (EX￿1) 12 2910112023 Section C Notes to the accounts cont Note 5 Donated goods, facilities and services This year Last year S&eond&d staff Use of property Other 10,000 10,000 10,000 10,000 Plèas• providè dètsils of tha accounting policy for the recognition and valuation of donated goods, facilities and services. Donated facilities are valued at the amount the charity would have paid for them in the open matkel. The donated facility or service would be recognised in income as well as an expense in the Please provide details of any unfulfilled condition5 and other Contingencies attaching to ￿$0￿ree$ from donated goods and sotvlcés not r&coonis&d in incom&. None noted Please give details of other forms of othèr donatèd goads and sèrvicès not r8cognis&d in thè accounts. èg contribution of unpaid volunteers. reating etter uturès as ene romt contribution of volunteer lime, bul as there is no way to reliably measure the cost of volunteer's lime., the contribution of general volunteers has not CC17a (EX￿1) 13 2910112023 Section C Notes to the accounts cont Note 6 Expenditure Restricted Unreslrf¢ted In¢ome futtdB funds Analysls of expendlture Endowment funds T¢)tsi funds Prlor year Expenditure on raising funds- Incurred seeking donations Incurred Seeking legacies Incurred Seeking grants Operating metnbership schernes and social lotteries Staging fundraising events Fundraising agents Operating charity shops Operating a trading company undertaking non-charitable trading Advertising, marketing, direct rnail and Start up costs incurr8d in gen8rating new sourc8 of future incom8 Database development costs other trading activities Investment management costs.. Portrolio mana ement costs Cost of obtzining investment advice Inveslrnent administration costs Intellectual property li￿nCing costs Rent coll8ction, property repairs and aintenance charges Total expenditure on raising funds Expenditure on charitable actlvltles Total expenditure on ¢haritable activities Separate material itarn of èxpense Total Other Total other expenditure TOTAL EXPENDITURE CC17a IExGell 15 2910112023 Other Informatlon: Analysis of expenditure on charitable activities Grant funding of actlvltles Actlvltyor programme Support C08ts Total thls year Activities undertaken directly Total prtor year Other Total Prlor year expendltura on charltsbl8 actlvlt168 can be analy88d as follow8.. Within th8 6xpenditur8 itsms above the following items ar8 matsrial.. (please disclose the nature, amount and any prior year amounts) Where sums originally donominatsd in foreign curren¢y have been included in expenditure, explain the basis Dn which those sums have been translated into sterling lor the currency in which the accounts are drawn CC17a IExGell 16 2910112023 Section C Notes to the accounts cont Note 7 Extraordlnary Items Please explain the nature of eo¢h extraordinary item o¢¢urring ift the period. This yèar Last year Descrl tlon Extraordlnary Item 1 None Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extraordlnary Items CC17a (Excell 17 2910112023 Section C Notes to the accounts Note 8 Funds received as agent 8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note.. If a Gharity is acting as an agent. itshouldnot reGognise the income in the Statement of Financial Activities or the Balance Sheet. Amount received Amount aid out Balance held at eriod end Dèseriptionlnamè of party Rèlatèd party (Yes This aar Last èar This &ar Last •ar This èar Last &ar None Total 8.2 Whor• a consortla or slmllar arrangwnènt ￿lS(S wh8reby 2 or more charltlgs co-opèrat8 to achlovo economlos In thè purchasè of goods orswvlc8s, plaaso dlsclosé d•tails of any balancés outstandlng b•lweon anyparticlpatlng mémbgrs. Descriptionlname of party Balance held at This ear eriod end Last ear None Total CC17a (Excdl 18 2910112023 Section C Notes to the accounts Note 9 Support Costs Please ¢omplete thls note if the ¢harity has analysed Its expenses uslng a¢tlvlty categories and has support costs. as allocatlon (Describ8 method) Ralslng funds Actlvlty 1 Actlvlty 2 Actlvlty 3 Grand total Support Cost èxam lès Governance Other Total Pl￿se provida dètails of thg accounting policy adopted for the apportionment of costs between activities and any estimation teGhniques used to calculate thelr apportlonmant. Creating Better Futures has not analysed ils expenses using activity costs. CC17a (Ex￿) 2910112023 Section C Notes to the accounts Note 10 Details of certain types of expenditure Notè 10.1 Foès for èxamlnatlon of thè accounts Please provide details of the amount paid for any statutory extemal scrutiny of aGGounts and otherservices provided byyour independent examiner. If nothing was paidplease enter ￿'in the appropriate box(esJ. This year Last year Ind¢p¢nd¢nt ¢xamin¢r'$ fe¢s Assurance services other than independent examination T•x advisory fees Other fees {for example: financial advice. consultancy. accountancy seNicesl paid to the independent examiner CC178 (Excdl 20 2910112023 Section C Notes to Ihe accounts Note11 Pald employees Please complets thts nore lfthecha￿tyhas anyemployees {tsnsacikn$ wlth Trusteesdealt wifhln Noie 28) 11.1 Staflcotsts This ￿ar Lastyear Salaries and wagE So¢lal se¢vrltyco$ts Pension GOSts IdefinEd ¢ontribution pen$iOn P￿nI oth9rgrnplwo b9npfft• 46.471 42,544 Totsi 61afl¢o$ts 47.222 42,716 Tu￿ student Intern5. funded by the Universtyof Reading Schem8, wth9d for Gr90t1￿9 Bgtter Futur9$ fora Pba¥o Pr¢￿dI d8talls of •xp•ndrtur• Qn ¥tatrworklng forth• charftywhose contracts ar• and ar• pald by a rqkntod party Pleèsegive detalls ofthenumberofenrployees whose totalempltsfft benet7ts {ex¢ludlng employer pénslon costs) féllwllhln Èach bandol£YO,OOtrfrom£60,000 upwards. areno such tr•J>S•CSlon4 No ampl0￿￿8 récéived •rnployÈè bonéfft81oxcludlng èmployor pa￿310￿ costslforth8 r8portin9 poriod of rnor8 than£60,OLII TRUE Band £60.OOOto£69.999 £70 000 to £79 999 £80,OOOto£39,999 £90 000 to£99 999 E100 000 to t109.999 NurnbBrof 8m P￿a5• Pro￿￿1 thètotal amr*UTrt pald to key rnanagem8ntpersonn•l linclud•s ttUSteES and senlor management) for thelr Se￿¢¢$tOthe ¢harty. Ftsi spe¢lf¢ amounts pald lo Iwstses. see Nots28. 10069 11.2 AvernBB hoad rountin the year The part6 of the charfty whlch the enWoyee$ work Th1$ year Nurnber Last year Nutnber 11.3 Exfratia paym8ntsto•rnploy••s and othqrs l•xcluding trust•es1 Please ¢on)plere ff an ex¥ratla paympnii$ made. P￿d6*explaIn the naturnof the paymgni NIA P￿aGe statsthe l*yal authorty or $on formaklngth• payment NIA Phase Stai8thB amount ofthB payrn•nt lorvaluevf anywalverol? rtghtto an asset) NIA 11A Redundancy paymwts Please ¢omplere redundan¢y ortsrmlnatlonpaymentl$made In theperlod. arnountofpayrnènt NIA The nawre of the payment (cash. assei gtc.I Th* extent of r¢duDdaThcyfvndlng at Ihg balw¢o sheg¢dats NIA P￿a58 Stai•thB accounting p￿￿yfOr any redundancyortErminatio payments NIA 17) IEx¢sll Section C Notes to the accounts cont Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme. 12.1 Please Gomplete this note if a defined contribution pension scheme is operated. Amount of ¢ontrlbutlons re¢ognl$ed In the SOFAas an expènsè NIA Ple•$e expl#in the basi$ for allo¢ating the liability and Èxpènse of dèfinèd contrlbutlon penslon scheme between activities and between restricted and unrestricted funds. NIA 12.2 Please complgte thls seetlon where thg charltypartleipates In a defined benefltpènslon plan but Is unable to ascertain its share of the underlying assets and liabilities. NIA Please confimi that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information a5 is available about the plan's surplus or deflclt and the Impll¢atlons, If any, for th8 reportlng charlty NIA 12.3 Please complète this section whèrè thè charilypartieipètès in a multi-émployér dèfinèd bènèfit pension plan that is accounted for as a definad contribution plan. NIA Dèscrrb• thè èxi•nt to which th• ¢harity can ba liablè to thè plan for other entities. obligations under the terms and conditions of the multiomployer plan Explain how any liability arising from an agreement with a multiomployer plan to fund a deficit has been determined. NIA CC17a (Ex￿) 22 2910112023 Section C Notes to the accounts cont Note13 Grantmaking Please complete thls note If the charlty made any grants or donadons whkh In aggregate form a materlalpart of the charitable activities undertaken. 13.1 Analysis of grants paid lincluded in cost of charitable activities) ran ran Sndividuals Analysis institutions Support costs Total Totsl Please enter"Nll" Mthe ¢harlty does not Identlfy andlor allocate support costs. 13.2 Grants made to institutions My ¢harity has made grants to parti¢ularinstitution$ that are material in the Context of its grantmaking. Details of the institution supported, purpose of the grantand total paid to each institution is available on the Gharlty's web slte. All charitable activities in Zirnbabwe are delivered via grants made to Creating better Futures Zimbabwe (see belowl No Names of Instltutlon Purpose Delivery ol servi￿$ to benefi¢iaries in Zirnbabwe, in¢luding p8yment of s¢ho fees. purchase of porrid9e and M8heu for feeding programmes, funding projects that SLJPPOrt education and delivery costs associated with these Total amount of rants ald £ 59,276 Creating Better Futures Zimbabwe Tot81 grants lo institrjtions in reporting period other unanalysed grants TOTAL GRANTS PAID 59.276 CC17a IExGell 23 2910112023 Section C Notes to the accounts cont Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total At the beginning of the year Additions 7,000 2,715 9,715 Revalualions Disposals Transfers At end of the year 7.000 2.715 9.715 14.2 Depreciation and impairments ** Basis SLorRB SLorRB SL SL SLorRB Straight Line I'SL") or Reducing Balance Rate At beginning of the vear Disposals 7.000 1,731 8,731 Depreciation 503 503 Impairment Transfers. At end of the year 7.000 2,234 9,234 14.3 Net book value Net book value al the beginning of the year Net book value al the end of the year 984 481 481 CC17a (Excell 24 2910112023 14.4 Impairment NIA Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, lease the effective date of the revaluation NIA rovide." the name of independent valuer. if applicable NIA the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. NIA NIA 14.6 Other disclosures (i) Please state the amount of bormwing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (li) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. {111) Detalls of the exlstence and carrylng amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. NIA NIA NIA The 'transfers" row is for movements between fixed asset categories. Please indiGate the method of depreGiation by deleting the method not CC17a (Excell 25 2910112023 Section C Notes to the accounts Note 15 Intangible assets Please Gomplete thls note If the charlty has any Intanglble assets 15.1 Cost or valuation Project dov6lopm8nt Costs Pat•nt8 and trademarks Othor Totsl At beginning of the vear Additions Disposals Revaluations Transfers" At end of the year 15.2 Amortlsatlon and Impalrments Method of SLorRB amortisation SLorRB SLorRB SLorRB Str8ight Line I'SL") or Reducing B81anc8 Rate At beginning of the vear Disposals Arnortisation Impainnent Transfers" At end of year 15.3 Net book valu8 Nat book value 81 the beginning of the year N8t book value 8t th8 8nd ofthe y8ar 15.4 Accountlng pollcy Please disclose the accounting policy forintangibl• fixed assets ineluding.- Reasons for choosing NIA am0￿satIon rates Polici8s for the recognition ofany apital development NIA 15.5 Impairment NIA Please pmvide 8 description of the events and circumstances that led to th¢ rg¢ognltion or reversal of an impairnient loss. CC17a IExGell 26 2910112023 15.6 Revaluation If an accounting policy of revaluation is adopted. please provide.. the effective date of the revaluation NIA the nome of independent valuer, if appliGable NIA the methods applied NIA the carrying amount that would have been rècognised had th• assets be8n earri8d und•r the cost model. NIA 15.7 Other dls¢lo$ure$ (i? If yourintangible asset was acquired by way of grant, provide value on initialr￿ognItIon and earrying amount of the asset. (lij Detalls of the Garrylng amounts of any intangibl• assets to which thè Charity has restricted title or th8t are pledged 85 security fgr liabllities. (Ill) Please pmvlde the amount of contractual commitments for the acquisition of intangible assets. {ivJ State the amount ofrese?￿h and development expendlture recognlsedas expenditure in the year. NIA NIA NIA NIA (vj Please detsll the he8dlngs In the SOFA In which a charge foramort15ation of intangib assets is included. (wi) For any material intangible assetsi please pmvide a description, its carrying amount and any remalnlng amortlsatlon perlod. NIA NIA Th8 "tr8nsf8rs"mwis for n70V8m8nts b8tkve8n fix8d 8SS8t cafr8gori8S. ' Plsase intlicat8 th8 m8thotl of d8pr8Giafion by d818ting th8 1118thod rjot applicab18 (SL = straight line,. RB= reducing balanc8J. Also pleas8 indicaf8 th8 raf8 of d8Pf8ciation.' for Straight line, what is th8 antNcipaled lif8 of lh8 ass81 (ffn years),. forr8ducNng balanc8, whaf Ns th8 p8rc8nfage annual CC17a IExGell 27 2910112023 Sectlon C Notes 1¢ tht a¢¢ounts Cont Note16 Herltage assets Pl•as•eompkt* thls ttoiè ifihèeharity hès hwltAg• ASS•ts 1&1 Gon￿81 discI(*Surès for all tharftl•s haldlng h•rIta￿ assèts lil Explain the nature and scal? of hgritagg assets held. NIA Acqulsltlon, presetvatlon, managpmEnt and dlspr*sÈI of h8fitsg8 aSS9ts. NIA 1&2 Cost orvaluatlon HEritagE aSSEt HEritayp usget HEtitage Bsyet Heritsgea55et Total At beginniw of the year Additi￿S Di$po$81$ R￿alUatIonS Transfers" At ofthe year 16.3 DeprKiation and impairnients "8asis SLorRB SLorRB SLorRB SLorRB SLorRB Stralght Une Reduung Balan¢e Al b4lnniw ol the year Depreciation Impairmgnt Tr8n$fers' Ai ol year 1&4 Net book value N¥1 book v$lue 41 the beginning of the year Net book v81ue 81 the end of the year 1&5 Impalrment NIA Plethsepmvldé tt deserlpllon olthe ÈveJ)is afrjd clrcumsl•ne88 thatled to Iherecoynltion orreversal oran Impaimjefttloss. 16.6 Revaluauon Ifan accountingpolicyofrevaluabon i84doplfjd. pleaseprovide.. NIA the eff￿trye￿a1e Iherevaluation the ftan￿ ofindependent valuer, rfapplicable NIA quallllcattons ofAndependenl valuer NIA NIA Ihe Jnethods applledandslgnlll¢aJJl assumpllons *JyslgnMl¢8lltllmlt8tlons v8lu?tsiJn NIA 16.7 Anaty&is 01 heritage assets by class orgroup distinguishing those at cost and those al valuation Atvaluatlon ￿t￿stGroUP Total GroupA CC178 IEMcell 28 2910112023 Carrying amDunl 31 Ihg begiDnjng of Ihg period Additions Deprecialionlimpairmenl R￿aluatIOn C8rrylng anM)untat the end of wiod 16.8 Hgritag9 assgts (where heiitage assets ar9 not rgcognised on the balance sheet) lil Expl¥in thfj ry¥8on why h9rit¥g9 8889ts havg not be9n T9cognisfjd on th9 shogt. NIA lill Describethe signffirancg and nature of heritage asse NIA ljiil Disclos8 infotrnation th•t is hglpful in a5￿￿31n9 the valug of hgritsgg as89ts. {Ivl Explaln the reason why ft Is not practlcable to obtaln a valuatlon of heritsge assets. NIA NIA 16.9 Five yearsummary of heritaue as5etstran5actions 2015 2014 2013 2012 2011 Purchases Group A Grwp B Group C Other Donatlons Group A G￿pB Group C Other T¢)tsl add￿0Th8 Charyefor Impalrment Gmup A G￿￿p B Group C ot￿r Total charge for Impalrnent Disposals Group A- carryina amount Group B- c4rr¥jnq Grt￿p C Olh@r TotÈl disptssal8 CC178 IEMcell 29 2910112023 Section C Notes to the accounts cont Note 17 Investment assets Please complete this note if the charity has any investmentassets. 17.1 Flxed assats Investments Ipl¢as& provld¢ for oach class of Inv¢stm¢ntl Cash & cash equivalènts Li$ted investments Investment propertiÈ$ Social invÈ$tment Othèr Total Carrying Ilairl value at beginning of period Add= 8dditions to inveslments during period. Les$= disposals at carying value L85s= impairm8nts Add- Reversal of impairmènts Addlldeductl.. transfer inlloutl in the period Addlldeductl.. net gainlllossl on revaluation Carrying118irl value at end of year 'Plea5e specify addition5 resulting from a¢quisitions ¢hrough business combinations, if any. NIA Please note that Falr Value In thls context Is the amount for whkh an asset could be exchanged bettveen knowledgeable and willing parties in an arn?'s length transaction. For traded securities. the fair value is the value of the seGurity quoted on the London Stock Exchange Daily OffiGial List or equivalent. For otherassets where there is rto marketprice on a traded market, it is the trustees, or valuers'best estimate of fair value. 17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating betW8en those h81d at fair valu8 and those held at Cost less impairment. Analysis of inv•stm•nts Falr value at year end Co8t1888 Impalmient Cash or cash equivalents Listed investments Investment properties Soclal Investments Othar invostmants Total Grand total (Fair value at year end+Co$t less impaimientl 17.3 If your charity holds investment properties, please ¢omplete the following note: lil Explain the methods and $i9n1fi￿nt assumptions in detemiining the fair value of Investment property held by the charlty lill Name or independent valu8r, if applicable. and relevant quallflcatlons NIA NIA CC173 IExcell 2910112023 liiil Provide details of any restrictions on the ability to realise investment property or on tho remittance of income or disposal pro¢eeds livl Explain any contractual obligations for tho purchase, construction or development of inv85tm8nt property or for repairs. maintenance or enhancements NIA NIA 17.4 Please provide a breakdown of ¢urrent asset investments. if applicable. agreeing with the balance sheet. Analysis of Cur￿n1 asset investments Thls year Last year Cash or cash 8quivalents Listed investments Investsn8nt prop8rties Social investments Other Investments Total 17.5 Guarantees NIA Please provide details and amount of any guarantee made to or on behalf of a third party NIA Name of the entity or entities benefitting from those guarantees NIA Please explaln how the guarantee furthers the ¢haritWs aims 17.6 Concessionary loans Description This year Last year Amount of coneossionary loans mad• (Multip loans made may be discloséd in ag9r8g&te provided that such aggre9ation does notobscure significant inforn7ationl. None Total Description This year Last year Amount of eoncossionary loans rècèivèd (Mulllple loans recelved may be dlsclosed In ag9regate provided that suGh agyrggation dogs notobscure sl9nlflcant Infom?allon). None Total NIA Term5 and condition5 eg interest rate, security provlded Value of any concessionary loans which have been commltted but not taken up at the reptsrtong date NIA NIA Amounts payable wlthln 1 year CC17a IExcell 31 2910112023 NIA Amounts payable after more than 1 year NIA Amounts recelvable wlthln 1 year NIA Amounts recelvable after MO￿ than 1 year 17.7 Additional information P18ase provide information about the significance of Investments to the charltys flnanclal posltlon or performance eg. terms and conditions of loans or thè usa of hedging to manage financial risk. NIA For all Invesbnents measured at falr value, the basis for determining the value, including any assumptlons applled when uslng a valuatlon technique. Where a charity or its subsidiary has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and contiitlon$ relatlng to Its pledge. NIA NIA CC173 IExcell 32 2910112023 Section C Notes to the accounts Note 18 Stocks Please complete this note if the charity holds any stock items 18.1 Please state the carrying amount of stock and work in progress analysed between activities. Stock Donated goods Work In progress For For resale For For resale Charitable activities.. Opening Added in period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed in period Impaired Closing Other: Openlng Added In perlod Expensed In perlod Impalred Closing Total this year Total previous year 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities None CC17a (Excell 33 2910112023 Section C Notes to the accounts cont Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. 19.1 Analysis of debtors This year Last year Trade debtors Prepayments and accrued income Other debtors 13,186.0 9,204.0 Total 13,186.0 9,204.0 Complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Disclosur8 of debtors recoverable in mor8 than 1 year (included in debtors abov81 This year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a (EX￿1) 34 2910112023 Section C Notes to the accounts cont Note 20 Creditors and accruals Please complete this note il the charity has any creditors or accruals. 20.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income 84 Taxation and social security Other creditors 1,032 98 508 98 Total 20.2 Deferred income Please complete this note if the charity has deferred income. Please ex NIA lain the reasons wh income is deferred. Movement in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of Ihe reporting period CC17a (Excell 35 2910112023 Section C Notes to the accounts cont Note 21 Provisions for liabilities and charges You should complete this note if you have included in the charity expenditure any provisions. A provislon is made when the charlty has a liabllity of uncertaln tlmlng or amount. 21.1 Please provide: a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments. an indication of the uncertainties about the amount or timing of those outflows: and . the amount of any expected reimbursement, stating the amount of any assel that has been recognised for that expected reimbursement. NIA NIA NIA 21.2 Movements in recognised provisions and funding commitment durin the eriod This year Last year Balance at the start of the reportlng perlod Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period NIA 21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded {with contracts for capital expenditure separately identified).. i.¥ vviiere uiire>iiiGIEu iurius Ildve NIA designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure. CC17a (EX￿1) 36 2910112023 Section C Notes to the accounts cont Note 22 Other disclosures for debtors, creditors and other basic financial instruments 22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etcl to the charity's financial position or perfomiance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here. None NIA CC17a (EX￿1) 37 2910112023 Section C Notes to the accounts cont Note 23 Contingent liabilities and contingent assets 23.1 Contingent liabilities Where the charity has contingent liabililies, please complete the following section unless the possibility of their existence is remote. Description of item including its legal nature. Please describe any security provided in connection to the liability. None Estimate of financlal effect NIA 23.2 Contingent assets Where the charity has contingent assets, please complete the following section when their existence is probable Description of item Estimate of financial effect None NIA 23.3 Other disclosures for contingent assets andlor liabilities Please provide the followlng informatlon where practicable: Explain any uncertainties relating to the NIA amount or timing of settlement., and the possibility of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact NIA CC17a (Excell 38 2910112023 Section C Notes to the accounts Cont Note 24 Cash at bank and in hand Thls year Last year Short term cash investments {less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total 22,805 14,150 CC17a (EX￿1) 39 2910112023 Section C Notes to the accounts cont Note 25 Fair value of assets and liabilities 25.1 Please provide details of the charit￿8 exposure to credit risk {the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk Ithe risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting perlod and explain how the charity manages those rlsks. NIA NIA 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors. Creditors, Investments (see section 11, FRS102 SORPII measured at fair value through the SOFA that is attributable to changes in Credit risk. CC17a (Excell 40 2910112023 Section C Notes to the accounts cont Note 26 Events after the end of the reporting period Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period. None Please provlde detalls of the nature of the event NIA Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made CC17a (Excell 41 2910112023 Iiii:11 11 1111 11111 IIIIIIMI Iiiiiiii Section C Notes to the accounts (contl Note 27 Charity funds (cont) 27.3 Transfers between funds Reason for transfer and where endowment is converted to income, ower for its conversion Amount Between unrestricted and restricted funds NIA NIA Between endowment and restricted funds NIA NIA Between endowment and unrestricted funds NIA NIA 27.4 Designated funds Planned use Pur ose of the desi nation Amount NIA NIA NIA CC17a (Excell 44 2910112023 Section C Note5 to the accounts Note 28 Transactions with tru$tee$ and related parties If the charity has any tr4nsa¢tions with related parties (other than the trustee expenses explainedin guid4n¢e notes) details of such transactions should bepmvided this note. If there are transaGtions to report. please enter"True" the box or"Fa15e" if there ère tran$atrfions 10 rÈport. 28.1 TrustÈÈ remuneration and benefits None of the trustee5 have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or Fa1581 TRUE In the pèriod the charity h8$ paid trustees remuneratiort and benèfits. Ple8$e gyvè the amount of. énd legoléuthorty for, any remuneratlon or olherbeneflts pèld to 8 trustee by the ¢harlty orany Institutlon orcompany ¢offt)nected wlth IÉ Amounts pald or benefft value This Redundancy Last year Legal authority leg order, governing document) Remuneration Pension contributlon Other TOTAL Name of tru$tee loss of offieellex ratia None NIA Ple<7se give details of whyremuneration or other employment bonelits were paid. NIA Where an ex gr&t18 payment has been m8de lo a tmstee. pmvlde en exp18n8tlon of the n81ure of the payment. NIA thirdpartyha$ been ￿1mbUr$ed forpmvidinu one or more trustees. slate the nature otthe pymentand amount of Ihe relmbursemen£ NIA Stale the number of trustees to whom retlrement beneflts 8re accruing under a defined contribution pension scheme. NIA 28.2 Trustees, expenses If the charity has payd trustees expenses for fvifilling theirduties, detsils of such tran5actic*ns Should be provided in thi5 IlQte. If there are no tran5?Gtion5 to repor¢ please enter"True"in the box below. If there are tran5aGtion5 to reportp please enter"False". No trustee expense8 have been Incurred (True or Falsel TRUE Type of expenses reirnbursed Thi5 year Last year Travel Sub$lsten Accommodation other Iplease spÈclfyl'. TOTAL CC17a (Excdl 45 29101r2023 Pl8888 provido the number of trustses reimbursed for expenses or who had expen8eS Pald by the charlty No expen8e8 have be&n claimed by trustees in performance of Ih&ir trust88 duties. Expenses have only been claimed for the performance of day lo day activities during the year, which 8re distinct from Iheirtrustee duties and were performed on a voluntary basis. 28.3 TransaGtionlsl with related parties Please glve details of any transactlon undertaken by (oron behelf ofj the charlty in which a ￿la￿dpartY h88 8 matellal Intsrest, including whern funds have beon held as agent forrelatedparties. If there no such tt3nsactions. pleaso 8ntsr trrue'in th& box pmvid8d. There have been no related patytran5actions in the reporting period (True or Falsel TRUE Arnount5 written off during reportlng Name of the trustee or rolated party Relationship to charity Description of the transactionlsl Amount Balance at period end Provision for bad debts at perlod end CEO and Spous8 of Trustee Michael Dix Dorothy Dix Employment as Chief Executive Officer 10.069 In re18tion to the Iransactions above, please pmvide the lomjs and condilions. including any securityand the naturn of anypaynmlt (consideration) to baprovided in settlement. NIA NIA Forony relatedparty, please pmvide details of8ny guarantees given orreceiv8d. CC17a (Excdl 46 2910112023 Section C Notes to the accounts Cont Note 29 Additional Disclosures The followlng are slgnlflcant matters which are not covered In other notes and need to be Included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet. Prior Year Adjustment made to amend 'Cash al bank and on hand, {N24) from £9,497 to £14,150 due to joumal error identified in prior year CC17a (Excell 47 2910112023 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Creating Better Futures On accounts for the year ended 31st March 2021 Charity no (if any) 1148929 Set out on pages See accompanying SOFA, Balance Sheet and Notes for the year ended 31 March 2021. I report to the trustees on my examination of the accounts of the above charity {'the Trust'} for the year ended 3110312021. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51{b) of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 27'January 2023 Name: William B. Offei Relevant professional qualification{s) or body (if any): Chartered Member (ICAEW) Address: 79 Yardley, Bracknell, Berkshire, RG12 8QT. IER Oct 2018 Section B Disclosure Only complete if the exarniner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclose. IER Oct 2018