REGISTERED COMPANY NUMBER: 07917747 (England and Wales)
REGISTERED CHARITY NUMBER: 1149836
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 January 2023
for
The Doxa Project Limited
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
The Doxa Project Limited
Contents of the Financial Statements
for the Year Ended 31 January 2023
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 |
Statement of Financial Activities |
6 |
Balance Sheet |
7 |
Notes to the Financial Statements |
8 to 14 |
Detailed Statement of Financial Activities |
15 |
The Doxa Project Limited
Report of the Trustees for the Year Ended 31 January 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31January2023.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheCharity'saimistoadvanceeducationamongstchildrenandyoungpeopleprimarilybutnotexclusivelyin Kenya,
whichitdoesbycomingalongsideexistingschoolsandequippingthemwithbuildings,educational materials,
knowledgeand funding,and by providingfundingand assistancewith travelarrangementsto allow childrento attend
existingschoolsintheircommunity.TheCharityalsoaimstoworktowardsalleviatingpovertyintheareasin which
such schools are based by assistingwith the paymentof school fees to allow underprivilegedchildrento attend school
and receive not only an education but also a daily hot meal and the support of respected adults in the community.
The Charity'sobjectivesare to increasefundinglevels in order to providefurtherfinancialsupportto the communities
itworksin,andtocontinuetoprovideknowledge,assistanceandopportunitiestothoselivingwithin such
communities.TheCharityanticipatesmeetingtheseaimsbyraisingawarenessoftheCharityinorderto attract
financialsupportersintheUnitedKingdom,andbycontinuingtodeveloptherelationshipinplacewiththose people
who run the community projects in conjunction with the Charity.
Significant activities
The Charitycontinuesto pursue a community-focusedapproach,providingfundingand travel assistanceto children in
the communityto allow them to attendone of a number of schoolswe partnerwith and working with local families in
connectionwith a number of initiatives(such as distributingwater filters to families within the communityto allow for
clean water, working with women with HIV/AIDS, providing regular support to over 35 families within the community).
TheCharityhasdonatedsignificantfundsto"DoxaInternational",theKenyanCBO(CommunityBased Organisation)
that co-ordinatesthe work within the local community,to assist with variousprojectsand a significantchild education
programme.ThecharitycontinuestosupportDoxaInternationalinfarmingthetwoplotsoflandthathelp provide
food for the local community.
Public benefit
ThetrusteesconsiderthattheyhavecompliedwiththedutyregardingPublicBenefitasdetailedinsection4of the
Charities Act, having due regard to guidance published by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Following the purchaseof the large plot within the communityof Kwa Murugi in January2022 by "Doxa International",
we have begun to supportthe developmentof this site. In May 2022 a small team from the UK went to assist with the
renovationsofthedwellingsalreadyontheland.InNovember2022wefundedthebuildingofa Community
DevelopmentCentre(CDC)on theplot.Oneof ourTrustees,RayBalmer,was presentfor thedurationof thebuild to
ensure fundswere used appropriately.The buildwas largelycompletedby the end of January2023 and the work that
remainsistheinternaldecoration.TheTrusteesaresatisfiedthatfundsweredistributedwellandwerecognise the
huge benefit this new building will be to the community in the years to come.
Thetwofarmplotscontinuetobefarmed."DoxaInternational"havereceivedpermissiontoputaboreholeon the
landanditisplannedthatwewillassistwiththefundingofthisin3stages.Beginningwiththeinitialdrillingfor a
borehole in mid-2023. The borehole will provide regular water for the farm and well as the local community.
A number of the supporters of The Doxa Project have increased their monthly donationsmeaning that we are now able
to help a further 3 children receive an education. We now have 68 children within the child sponsorship scheme.
Page 1
The Doxa Project Limited
Report of the Trustees for the Year Ended 31 January 2023
FINANCIAL REVIEW
Reserves policy
Thetrusteesagreedthatinadditiontofundingschoolfeesforthesponsoredchildren,fundswouldbespentat the
appropriatetimeoncommunityprojects.InconjunctionwithourpartnersinKenya,"DoxaInternational",a monthly
budget continuesto be providedto enable the work in the communityto continue.The monthlyamountgifted by the
Charityto"DoxaInternational"wasusedforthingssuchasofficerentwithintheslum,monthlyfood parcels,
contributions to the wages of five "Doxa International" employees and other emergency needs.
As of 31st January2023,there are 68 childrenthathave their educationfundedby The Doxa Projectincluding15 that
arenowattendingsecondaryschool.Amonthlyamounttocoveralltheschoolfeesisnowsentoutto "Doxa
International" who oversee the progress of the children.
FUTURE PLANS
The building of a multi-purposecommunitycentre, to help educate and resource the wider local communityin areas of
leadership,adulttrainingandapprenticeshipsbeganin November2022andwill hopefullybe completedduring 2023.
This means thatby the beginningof 2024"DoxaInternational"can begin to utilisethe new building.The Doxa Project
alsoplanstoassistwiththerenovationofanotherbuildingontheplotwhichwillbecomeadiningroomfor the
breakfast club that meets 3 times a week before school.
WecontinuetobuildrelationshipswithotherorganisationsseekingtohelpcommunitieslikeKwaMurugi. Emerging
Leaders are an internationalorganisationthat work in Kenya and the trustees plan to work with them in due course to
bring training to the community.
It is plannedthatthe drillingof a boreholewill commencein 2023andthe furtherstagesto completethisproject will
continue as the research is completed and funding obtained.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharityiscontrolledbyitsgoverningdocument,itsarticlesofassociation,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are appointedby the existing trustees and serve until required by the articles of association("Articles") to
retireandstandforreappointment.ThearticlesoftheCharityprovideforaminimumof3trustees.Trustees recruit
newtrusteesonthebasisoftheirexperience,theirempathytowardstheCharity'saimsandtheirwillingnessto act.
Trustees also consider the skills of potentialnew trustees and how those skills would benefit the Charity as a whole (for
example,a potentialnew trusteewho has previouslymanagedthe constructionof educationalfacilitiesabroad would
have valuable insight relevant to the Charity's aims).
TheinductionprocessfornewtrusteesinvolvesaninitialmeetingwiththeChairmanoftheboardwhoprovides the
new trusteewith relevantinformationregardingthe historyand backgroundpertainingto the Charityand its projects,
followed by a separatemeeting with all trustees who are availableto answer any questionsthe new trustee may have.
New trusteesare given as muchwritteninformationrelatingto the Charityas possible,including:(a) a briefhistory of
the Charity;(b) informationaboutthe Charity'scurrentproject(s);(c) copies of minutes of recent trustee meetings; (d)
a copy of the Articles;(e) copies of the Charity'sCommission'sguidancepapers "The EssentialTrustee: What You Need
toKnow,WhatYouNeedToDo"and"CharityTrustee:What'sInvolved";and(f)copiesofthepreviousyears' annual
reports and accounts.
Page 2
The Doxa Project Limited
Report of the Trustees for the Year Ended 31 January 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Trusteesmeetregularlyandatleast,asawholegroup,3timesayear.Attrusteemeetingsthetrustees agree
immediateandlong-termstrategyandconsidercurrentareasofactivity.Thisinvolvesconsiderationof current
fundinglevels,anticipateduseoffunds,recentandproposedfundraisingefforts,anyimmediateneedsraised in
connectionwiththeCharity'scurrentproject(s)andriskmanagementconcerns,policiesandprocedures. Trustees
makedecisionstogetheronamajoritybasis,butdodelegatethedaytodayadministrationoftheCharity'sfunds to
the Chairmanas andwhere neededgiven thatan immediateandpressingneed for fundscan ariseat anytime of day
or night(suchas for breakdownexpensesin relationto the vehiclemaintainedby "DoxaInternational".Where funds
are required at short notice, the Chairman informs all trustees in writing as soon as reasonablypracticable(ideally prior
to but sometimes after the transfer of such funds).
Risk management
ThetrusteeshaveconsideredthemajorriskstowhichtheCharityisexposedandhavereviewedthoserisks and
establishedsystemsandproceduresto managethoserisks.The majoroperationalriskto theCharityis theextent to
which the funds sent abroad to be applied towards specific costs are indeed applied towards meeting those costs. The
trusteesmanagethisriskby maintainingregular(atleastdailyandmore oftenthannotmultipletimesa day) contact
withtherecipientofthefundstransfer,whoistaskedwithreportingpurchasesandpaymentsmadewith funds
supplied by the Charity to the trustees and providingreceipts and confirmationof purchase as and where possible. The
trustees also require sight of the book keeping records maintainedby "Doxa International"to check amounts spent. In
addition,the trusteeswork to ensure that a representativeof the Charity(a trusteeor, failingthat,a person known to
thetrustees)visitsatleasttwiceeachyearinordertochecktheaccountingrecordsandprojectprogress, amongst
other things.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07917747 (England and Wales)
Registered Charity number
1149836
Registered office
Greatfold House
Cedars Close
Thurston
Suffolk
IP31 3QS
Trustees
R H Balmer Director
D T Brown Director
S Byford Director
Mrs L C Ryan Director
B J Ryan Chairman
Mrs D J Holmes Director
J Read Director
Mrs S E Lock (appointed 1.7.22)
Page 3
The Doxa Project Limited
Report of the Trustees for the Year Ended 31 January 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
J. Knights
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
This report has been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.
Approved by order of the board of trustees on 25 October 2023 and signed on its behalf by:
B J Ryan - Trustee
Page 4
Independent Examiner's Report to the Trustees of
The Doxa Project Limited
Independent examiner's report to the trustees of The Doxa Project Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare 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 accountsof the Company are not required to be audited under Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examinationI have followed
the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
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
3. the accounts do not comply with the accounting 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
4. 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J. Knights
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
25 October 2023
Page 5
The Doxa Project Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 January 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
48,587
8,090
Other trading activities
3
2,786
-
Investment income
4
9
-
Total
51,382
8,090
EXPENDITURE ON
Raising funds
101
-
Charitable activities
5
Resources expended
8,706
-
Doxa Africa
5,760
17,014
Community
10,436
-
Land expenses
38,219
-
Borehole
-
899
Covid Response Community Support
-
-
Total
63,222
17,913
NET INCOME/(EXPENDITURE)
(11,840)
(9,823)
Transfers between funds
13
(9,823)
9,823
Net movement in funds
(21,663)
-
RECONCILIATION OF FUNDS
Total funds brought forward
45,740
-
TOTAL FUNDS CARRIED FORWARD
24,077
- |
2023
Total
funds
£
56,677
2,786
9
59,472
101
8,706
22,774
10,436
38,219
899
-
81,135
(21,663)
-
(21,663)
45,740
24,077 |
2022
Total
funds
£
61,111
24
30
61,165
-
3,901
23,065
1,346
47,498
-
1,002
76,812
(15,647)
-
(15,647)
61,387
45,740 |
|
|
|
The notes form part of these financial statements
Page 6
The Doxa Project Limited
Balance Sheet
31 January 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Debtors
11
8,429
-
Cash at bank
17,594
-
26,023
-
CREDITORS
Amounts falling due within one year
12
(1,946)
-
NET CURRENT ASSETS
24,077
-
TOTAL ASSETS LESS CURRENT LIABILITIES
24,077
-
NET ASSETS
24,077
-
FUNDS
13
Unrestricted funds
TOTAL FUNDS |
2023
Total
funds
£
8,429
17,594
26,023
(1,946)
24,077
24,077
24,077
24,077
24,077 |
2022
Total
funds
£
8,933
37,799
46,732
(992)
45,740
45,740
45,740
45,740
45,740 |
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year
ended 31 January 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon25October2023 and
were signed on its behalf by:
B J Ryan - Trustee
The notes form part of these financial statements
Page 7
The Doxa Project Limited
Notes to the Financial Statements for the Year Ended 31 January 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
prepared in accordancewith the Charities SORP (FRS 102) 'Accountingand Reportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
ThecharityhasappliedUpdateBulletin1aspublishedon2February2016anddoesnotincludeacash flow
statement on the grounds that it is applying FRS 102 Section 1A.
The presentational currency of these financial statements is pounds sterling (£), rounded to whole pounds.
Going concern
Thetrusteesconsiderthatnomaterialuncertaintiesrelatingtoeventsorconditionsthatmaycast significant
doubtuponthecharity'sabilitytocontinueasa goingconcernexist.Thereforethesefinancialstatements are
prepared on the going concern basis.
Financial instruments
Basicfinancialinstrumentsarerecognisedatamortisedcost,withchangesrecognisedintheStatement of
Financial Activities.
Income
All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Governance costs
Governance costs represent the administrative costs incurred by the Charity during the year.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balance sheet date.Transactionsin foreign currenciesare translatedinto sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
Page 8
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
2. DONATIONS AND LEGACIES
Donations
Gift aid
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Resources expended
Doxa Africa
Community
Land expenses
Borehole
6.
SUPPORT COSTS
Resources expended |
2023
£
49,436
7,241
56,677
2023
£
2,786
2023
£
9
Support
Direct
costs (see
Costs
note 6)
£
£
7,702
1,004
22,774
-
10,436
-
38,219
-
899
-
80,030
1,004
Governance
Finance
costs
£
£
50
954 |
2022
£
51,177
9,934 |
|
|
61,111 |
|
|
2022
£
24
2022
£
30
Totals
£
8,706
22,774
10,436
38,219
899 |
|
|
81,034 |
|
|
Totals
£
1,004 |
The above includes independent examination fees of £954 (2022: £954).
continued...
Page 9
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2023norforthe year
ended 31 January 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31January2023norfortheyear ended
31 January 2022.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
2023 |
2022 |
Directors (trustees) |
8 |
7 |
No remuneration was paid to key management or trustees during the year (2022: £nil).
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
59,696
1,415
Other trading activities
24
-
Investment income
30
-
Total
59,750
1,415
EXPENDITURE ON
Charitable activities
Resources expended
3,901
-
Doxa Africa
11,998
11,067
Community
1,346
-
Land expenses
47,498
-
Covid Response Community Support
1,002
-
Total
65,745
11,067
NET INCOME/(EXPENDITURE)
(5,995)
(9,652)
Transfers between funds
(9,652)
9,652
Net movement in funds
(15,647)
-
RECONCILIATION OF FUNDS
Total funds brought forward
61,387
-
TOTAL FUNDS CARRIED FORWARD
45,740
- |
Total
funds
£
61,111
24
30
61,165
3,901
23,065
1,346
47,498
1,002
76,812
(15,647)
-
(15,647)
61,387
45,740 |
|
|
continued...
Page 10
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
10. INTANGIBLE FIXED ASSETS
10. |
INTANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
Computer |
|
|
|
|
|
|
|
software |
|
|
|
|
|
|
|
£ |
|
|
COST |
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
|
|
|
|
1,050 |
|
|
AMORTISATION |
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
|
|
|
|
1,050 |
|
|
NET BOOK VALUE |
|
|
|
|
|
|
|
At 31 January 2023 |
|
|
|
|
|
- |
|
At 31 January 2022 |
|
|
|
|
|
- |
11. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
|
|
|
|
£ |
£ |
|
|
Other debtors |
|
|
|
8,429 |
8,933 |
|
12. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
|
|
|
|
£ |
£ |
|
|
Accrued expenses |
|
|
|
1,946 |
992 |
|
13. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
|
movement |
|
between |
At |
|
|
|
At 1.2.22 |
in funds |
|
funds |
31.1.23 |
|
|
|
£ |
|
£ |
£ |
£ |
|
|
Unrestricted funds |
|
|
|
|
|
|
|
General fund |
45,740 |
(11,840) |
|
(9,823) |
24,077 |
|
|
Restricted funds |
|
|
|
|
|
|
|
Child and school sponsorship fund |
- |
|
(9,823) |
9,823 |
|
- |
|
TOTAL FUNDS |
45,740 |
(21,663) |
|
- |
24,077 |
|
continued...
Page 11
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
51,382 |
(63,222) |
(11,840) |
Restricted funds |
|
|
|
|
Child and school sponsorship fund |
|
8,090 |
(17,913) |
(9,823) |
TOTAL FUNDS |
|
59,472 |
(81,135) |
(21,663) |
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.2.21
in funds |
|
funds |
31.1.22 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
61,387
(5,995) |
|
(9,652) |
45,740 |
Restricted funds |
|
|
|
|
Child and school sponsorship fund |
|
-
(9,652) |
9,652 |
- |
TOTAL FUNDS |
61,387
(15,647) |
|
- |
45,740 |
Comparative net movement in funds, included in the above |
|
are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
59,750 |
(65,745) |
(5,995) |
Restricted funds |
|
|
|
|
Child and school sponsorship fund |
|
1,415 |
(11,067) |
(9,652) |
TOTAL FUNDS |
|
61,165 |
(76,812) |
(15,647) |
continued...
Page 12
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.2.21 |
in funds |
funds |
31.1.23 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
61,387 |
(17,835) |
(19,475) |
24,077 |
Restricted funds |
|
|
|
|
Child and school sponsorship fund |
- |
(19,475) |
19,475 |
- |
TOTAL FUNDS |
61,387 |
(37,310) |
- |
24,077 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
111,132 |
(128,967) |
(17,835) |
Restricted funds |
|
|
|
Child and school sponsorship fund |
9,505 |
(28,980) |
(19,475) |
TOTAL FUNDS |
120,637 |
(157,947) |
(37,310) |
RESTRICTED FUND
Child and school sponsorship
The charityreceivesregulardonationsfrom individualswhichare to be usedto sponsorchildrenin a school in
Kenya. These donationsand the payments to the school are included as a separate fund. The charity also makes
paymentsto the schoolin accordancewithits charitableobjectiveswithanyexcessexpenditurefinancedby a
transfer from unrestricted funds.
continued...
Page 13
The Doxa Project Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
Page 14
The Doxa Project Limited
Detailed Statement of Financial Activities for the Year Ended 31 January 2023
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
49,436 |
51,177 |
Gift aid |
7,241 |
9,934 |
|
56,677 |
61,111 |
Other trading activities |
|
|
Fundraising events |
2,786 |
24 |
Investment income |
|
|
Deposit account interest |
9 |
30 |
Total incoming resources |
59,472 |
61,165 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Fund raising costs |
101 |
- |
Charitable activities |
|
|
Sundries |
184 |
221 |
Flights & travel |
7,648 |
2,350 |
Water filters |
54 |
350 |
Doxa Africa - General |
6,582 |
6,450 |
Doxa Africa - Community Sup. |
3,318 |
2,348 |
Doxa Africa - Staff Wages |
4,835 |
3,200 |
Doxa Africa - Schooling Costs |
17,014 |
11,067 |
Community |
1,277 |
1,346 |
Donations for Land Purchases |
38,219 |
47,498 |
Borehole Expenditure |
899 |
- |
Covid Response Community Sup. |
- |
1,002 |
|
80,030 |
75,832 |
Support costs |
|
|
Finance |
|
|
Computer software |
50 |
26 |
Governance costs |
|
|
Independent examination fee |
954 |
954 |
Total resources expended |
81,135 |
76,812 |
Net expenditure |
(21,663) |
(15,647) |
This page does not form part of the statutory financial statements
Page 15
Virtual Cabinet Portal Digital Signatures
Digital Signature Verification
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https://www.virtualcabinetportal.com/VerifySignedDocument
Signature Dates and Times
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
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Signature 1
Signed by Ben Ryan using authentication code NDE0wqNVMiVJWU1kJg== at IP address 84.9.185.165, on 2023/10/25 14:42:54 Z.
Ben Ryan's e-mail address is: ben@thedoxaproject.org.