Raise the Children International
Annual Report and Accounts for period ended 31[st] December 2023
Charity no 1149208 Company No. 08161569
CONTENTS
| Page | |
|---|---|
| Charity details and trustees | 3 |
| Trustees’ report | 4 |
| Independent Examiners Report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
Page 2
CHARITY DETAILS AND TRUSTEES
for the period ended 31 December 2023
| Trustees: | Neil Holzapfel (Chairman) |
|---|---|
| Dunstan Kamana | |
| Lesego Serolong | |
| Lord Michael Hastings | |
| Ipek De Vilder | |
| Company number: | 08161569 |
| Charity number: | 1149208 |
| Registered office | 56 Dunoon Road, |
| London, SE23 3TF | |
| Company secretary: | Mark Freeman & Associates |
| 71-75 Shelton Street | |
| Covent Garden | |
| London WC2H 9JQ | |
| Principal bankers: | Barclays Bank |
Page 3
TRUSTEES’ REPORT TO THE MEMBERSHIP
for the period ended 31 December 2023
Status
Raise the Children International is a registered charity and a company limited by guarantee. The company was incorporated on the 30[th] July 2012 and registered as a charity on the 4[th] October 2012.
Charitable Objects and activities
The charity’s objects (‘Objects’) are the relief of poverty, sickness, the preservation and protection of good health and the advancement of education amongst orphaned and vulnerable children in Africa, in particular but not exclusively by the provision of grants
Responsibilities of the Trustees
The trustees are responsible for preparing the trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Statement of Recommended Practice (Accounting and Reporting by Charities) (the Charities SORP);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
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In so far as the directors are aware:
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there is no relevant audit information of which the company's auditor is unaware; and
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the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Approved by the Board of Trustees
Neil Holzapfel (Chairman)
- _18 March 2024
Page 4
INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS OF RAISE THE CHILDREN INTERNATIONAL
Year Ended 31 December 2023
I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages 6 to 8.
| Respective responsibilities of trustees and examiner | Respective responsibilities of trustees and examiner |
|---|---|
| The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed_._ It is my responsibility to: • examine the accounts under section 145 of the Charities Act, • to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and • to state whetherparticular matters have come to myattention |
|
| Basis of independent examiner’s statement | |
| My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. |
|
| Independent examiner's statement | |
| In connection with my examination, no material matters have come to my attention 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 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. |
|
| Signed: | |
| Date: | 25 March 2024 |
| Name: | Mark E Freeman |
| Relevant professional |
ACA, ICAEW |
| Address: | 71-75 Shelton Street, Covent Garden, London WC2H 9JQ |
Page 5
STATEMENT OF FINANCIAL ACTIVITIES
for the period ended 31 December
| 2023 Total Funds £ |
2022 Total Funds £ |
|
|---|---|---|
| Notes | ||
| Incoming resources Donations and grants Activities for generating funds: Fundraising events |
||
| 0 - 32,808 |
5,500 - - |
|
| Total incoming resources | 32,808 | 5,500 |
| Resources expended: Fundraising Costs Charitable expenditure Governance & Support Costs Total resources expended |
||
| 6,000 4,485 720 11,205 |
0 0 960 |
|
| 960 | ||
| Net outgoing resources for the year Total Funds at 1 January Total funds at 31 December |
21,603 13,867 35,470 |
4,540 9327 |
| 13,867 |
The notes on page 8 form part of these accounts
Page 6
BALANCE SHEET
As at 31 December
| 2023 £ £ |
2023 £ £ |
2022 £ £ |
2022 £ £ |
|
|---|---|---|---|---|
| Notes | ||||
| Fixed assets Tangible fixed assets |
||||
| - | - | |||
| Current assets Cash at bank and in hand |
||||
| 35,470 | 13,867 | |||
| Liabilities Amount falling due within one year |
||||
| 0 | 0 | |||
| Net current (liabilities) Net assets / (liabilities) |
35,470 | 13,867 | ||
| 35,470 | 13,867 | |||
| Funds and reserves Restricted Funds Unrestricted Funds Total funds and reserves |
||||
| 35,470 | 13,867 | |||
| 35,470 | 13,867 |
The notes on page 8 form part of these accounts
The company is exempt from the requirements related to preparing audited accounts in accordance with section 477 of the Companies Act 2006.
The members have not 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board on 18 March 2024 and signed on its behalf by:
Neil Holzapfel Chairman
Page 7
NOTES TO THE ACCOUNTS
for the period ended 31 December 2023
1 Accounting policies
The accounts have been prepared under the historical cost convention, as modified by the inclusion of investments at market value, and in accordance with the requirements of the Charities Act 2011. Applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015) have been followed in these accounts.
(a) Accounting convention
The accounts and notes are prepared under the historical cost convention.
(b) Recognition of income
Restricted and unrestricted income is accounted for on an accruals basis. Donations are accounted for gross when received. Grants for immediate expenditure are accounted when they become receivable.
(c) Recognition of expenditure
Restricted and unrestricted expenditure is accounted for on an accruals basis. Expenditure is allocated directly to the activity of which it relates, including support costs which can be identified as being an integral part of direct charitable expenditure.
Management and administrative costs are those costs identified as related to the management of the charity or where it is reasonable to assume that such costs cannot be attributed as a direct charitable expense. Fundraising and publicity costs are those related to general publicity and fundraising if such had taken place. Publicity related to a specific activity of the charity is regarded as direct charitable expenditure.
(d) Fund accounting
Restricted funds arise from grants and sponsorship awarded where conditions are related to their expenditure. Income and expenditure is treated as per notes (b) and (c).
2 Management and Administration
There were no management or administration costs associated with operating the charity during the year.
3 Taxation
Raise the Children International is a charitable organisation and is entitled to UK tax exemptions available to charities.
Page 8