## **Friends of Joy Goat Development Programme Uganda**
## **Charity No. 1150638**
**Company No. 08203235**
**Trustees' Report and Unaudited Accounts**
**31 December 2021**
**Friends of Joy Goat Development Programme Uganda Contents**
||Pages|Pages||
|---|---|---|---|
|Trustees' Annual Report|2
0
1
to|||
|Independent Examiner's Report||11||
|Statement of Financial Activities||12||
|Summary Income and Expenditure Account||13||
|Balance Sheet||14||
|Notes to the Accounts|15|to|0
2|
|Detailed Statement of Financial Activities|21|to|2
2|
1
**Friends of Joy Goat Development Programme Uganda Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.
## **Charitable Purpose of the Friends of JOY Goats Development Programme Uganda.**
The Friends of JOY Goats Development Programme Uganda (FJGDPU) was established to raise funds for Joy Goats Development Programme Uganda’s goat breeding programme in Uganda and surrounding areas. Funding will be through donations, fund raising events, from funding charities and other activities.
JOY Goats Development Programme Uganda is registered in Uganda as adepartment of Deliverance Church Uganda (DCU), which is a local NGO.
The breeding programme places bucks (male goats) into local communities, which through a three year rotation of the bucks produces a stable breeding stock in each participating area. Local, Parish and District government tiers are involved and the local communities receive education and continued support during their involvement in the programme.
## **Public Benefit.**
The focus is on sustainability and local involvement in Uganda by:
1. Developing a hybrid goat breed that combines the resistance to local parasites and disease with the higher milk yield of many European breed so that individual small scale farmers and local communities can become self sufficient. To achieve this, each community will be given the skills to improve the nutritional feeding of the goats, how to work together to care for and benefit from the loan of the bucks and selective breeding from the stronger goats to increase milk yields and resilience.
2. Working with individual communities across all parts of Uganda and for the breeding of high quality goats to be recorded and recognised at a national level. This is currently being carried out with local communities in a number of areas in Uganda. The Field Director will increasingly focus his time on working with other charities, organisations with a similar vision (including commercial groups and cooperatives) and government agencies in Uganda in creating a sustainable breeding stock which produces milk for the wellbeing of families of those owning goats and developing commercial benefit for local communities.
## **Governance.**
Charity Commission registered charity **1150638**
Companies House registered company **08203235**
Principal Office: 71 Clifton Road Shefford Bedfordshire SG17 5AG
2
**Friends of Joy Goat Development Programme Uganda Trustees Annual Report**
Registered Office: 71 Clifton Road Shefford Bedfordshire SG17 5AG
The Directors of the charitable company are its Trustees for the purposes of charity law. During 2021 there were four Trustees with equal voting rights, each with 25% of the voting rights. The four Trustees were:
Theodore Clark Chairperson Lydia Clarke Treasurer (supported by Anne Harland Smith). David Hare Anne Harland-Smith Fund raising
Field Director in Uganda (in attendance at Trustees Meetings but not a trustee). David Dowdy.
None of the trustees received any remuneration or claimed any expenses in the reporting period.
Anne Harland-Smith has announced she is standing down as a Trustee from the end of 2022.
During 2021 there have been five Trustees Meetings. These were on:
- 28 January 2021
- 20 April 2021
- 8 June 2021
- 7 September 2021 (AGM)
- 1 December 2021
All meetings were quorate (being present included those joining by audiovisual link). The meetings were by Zoom. The Field Director joined the meetings on four occasions.
The Field Director was not able to return to the United Kingdom for a second year, due to the international travel restrictions in place. These times in the UK have been very useful for the Trustees and the Field Director to catch up on a more personal level.
As the Trustees of FJGDPU reviews its direction over the coming years the Trustees will ensure that these are consistent with the Charity’s Constitution and Articles of Association.
## **Data Protection.**
FJGDPU’s Trustees are aware of their responsibilities as laid out in the Charity Commission’s guidance on Charity Fundraising: a guide to Trustee duties and the General Data Protection Regulations 2018.
The data protection statements on the publicity information sent out, displayed on MailChimp and on Gift Aid forms are compliant with the GDPR.
No concerns or complaints have been reported to the GDPR Trustee (Lydia Clarke.)
3
**Friends of Joy Goat Development Programme Uganda Trustees Annual Report**
## **Safeguarding.**
FJGDPU does not provide services or activities in the United Kingdom, other than to raise funds for the work of JOY Goats Development Programme Uganda. As such, the Charity does not provide activity requiring Safeguarding precautions. However, it is mindful of its duties in relation to children and adults who are at risk and continues to review whether a more detailed Policy is needed.
JOY Goats Development Programme Uganda (the organisation registered in Uganda) complies with the legislative requirements of the Ugandan Government and District policies.
## **Insurance.**
FJGDPU has insurance cover for the fund raising activities it undertakes.
## **Employment.**
FJGDPU does not employ any staff based in the United Kingdom or Uganda. Although FJGDPU raises funding for the work in Uganda, it does not employ Dr David Dowdy, the Field Director, or the Field Workers. The terms and conditions under which they work are arranged through JOY Goats Development Programme Uganda, a department of Deliverance Church Uganda (DCU), which is alocal NGO. Insurance and tax are administered under Ugandan law.
## **Assets.**
FJGDPU does not own any assets in the United Kingdom or Uganda.
## **Finances.**
On 1 January 2021 £751.62 was brought forward in the Charity’s accounts. The income during 2021 was £31,654.99. Expenditure during 2020 was £31.923.66, leading to a decrease at the end of 2021 to £482.95. As a result, the income for this year exceeded the Small Charity’s threshold for financial examination and an independent person has been appointed to examine the accounts.
The five strategies listed for the last two years continue:
1. To attract new donors.
2. To encourage current supporters to raise their individual donations.
3. Arranging fund raising events.
4. Raising awareness in the churches attended by the Trustees and friends.
5. Encouraging those supporters who pay Income Tax to sign up for Gift Aid.
We are thankful for the continued commitment of our regular donors and that many of these have been able to increase their giving through Gift Aid.
The very generous grant from P27 Trust for five years has also increased the monies FJGDPU was able to send to JGDPU to develop the programme in Uganda. However, this is on a five year reducing scale and will mean that long term solutions must be found to maintain existing schemes of work, let alone consider expansion.
4
## **Friends of Joy Goat Development Programme Uganda Trustees Annual Report**
Covid Regulations during 2021 have seriously hampered the opportunities to raise funds this year. It has not been possible to hold quiz nights or other events because of restrictions placed on entertainment and indoor events and also the ability to find venues willing to allow their premises to be used. As a result, the only fundraising carried out was the production of greeting cards for Christmas 2021. This did not raise much money.
## **Analysis of the Financial Situation for Future Development.**
As a result of the P27 Trust committing to support the work, the work of Joy Goats Development Programme Uganda is now able to extend the work it has planned to take forward. For 2022-5 the additional funding (the remaining 4 years of the grant) will ensure some stability, given predictable variables (inflation, political stability, international exchange rates).
## **Annual Accounts.**
As the income for 2021 exceeded £25,000 an Independent Examination was undertaken of the accounts by TS Accounting SouthWest Limited/TS Accounting UK Limited. The accounts for 2021 are provided later in this report.
## **Goat Programme Activity.**
This is covered in detail in the Field Director’s Report.
The impact of Covid – 19 on the work of Joy Goats Development Programme Uganda has been significant, particularly in supporting the widely dispersed developments across Uganda. It has also limited the implementation of the newly funded projects. As a result, local schemes have been maintained by the local Field Workers, with Dave Dowdy using online communications to maintain and develop the networks.
## **Acknowledgements.**
It has not been an easy year but the Trustees have continued their commitment to running FJGDPU. I want to thank all the Trustees for their work in supporting the FJGDPU in so many ways, and in particular, Lydia Clarke (Treasurer) for keeping the accounts and claiming Gift Aid .
Although they rarely get mentioned, I want to thank the supporters who faithfully donate (both on a monthly basis and with one-off gifts) and pray for the work of JOY Goats Development Programme Uganda. Without their support the exciting work carried out by Dave Dowdy and his Field Workers would not be possible.
I also want to say thank you to David Dowdy (Field Director) for the tremendous amount of work he does and the Field Workers for their commitment to the vision.
Theo Clark
Chairperson.
5
## **Friends of Joy Goat Development Programme Uganda Fund Raising Report**
The continued Covid 19 restrictions during 2021 have meant that it has not been able to run the quiz night events, which had been our main source of fund raising in previous years. This is due to the venues being unable to allow other organisations to hire their premises (due to the restrictions) and the people who usually support the events being more cautious about attending social events.
A further problem faced by the Trustees is that now only one person still lives in the Uxbridge area, making events more difficult to facilitate.
For a second year, a Christmas card was produced to raise funds for FJGDPU. A lot of effort was put into producing the card. However, the cost of printing a relatively small number of cards and distribution costs meant that the amount received for sales demonstrated that this was not a useful fund raiser.
We are very grateful to our regular donors who give so generously and those who have supported our events over the years. Thank you.
6
**Friends of Joy Goat Development Programme Uganda Field Director’s Report**
## **1. Background**
## _**Legal status**_
JOY Goat Development Programme (“JOY Goats”) is a department of Deliverance Church Uganda, a registered NGO (149, S.5914/178).
## _**Core Purpose**_
The principal aim of JOY Goats is to establish sustainable dairy goat keeping in Uganda through developing a new breed of goat combining the productivity of European breeds with the climate and disease resistance of local goats. The major means of achieving this is through working with farmers groups in various parts of the country. These farmers groups are trained in the process of selective breeding that will produce the new breed. The groups are also the means by which the intermediate crossbreeds and the new breed under development are popularised.
## **2. Personnel**
## _**Workforce**_
A total of 6 people worked at the project during 2021:
## _**Director**_
David Dowdy (full time volunteer)
## _**Masaka-based Field Workers**_
Two full-time staff.
## _**Mbale-based Field Workers**_
Two full time staff.
## _**Record Keeping Trainer**_
One full-time person.
In addition to the directly employed staff, JOY Goats sponsors a part-time Field Officer in Kasese District through Rwenzori Youth Initiative for Development (RWEYIDA) – see below
## _**PAYE & NSSF**_
Income tax (PAYE) and social security (NSSF) contributions are paid for all paid employees. PAYE is administered through the Deliverance Church Uganda national office. NSSF contributions are handled directly by the project through the Mbale office of NSSF.
## **3. On-Going Cross-Breeding Projects**
## _**Conventional Buck-Station Approach**_
Historically the main activity of JOY Goat Development Programme (“JOY Goats”) has been the establishment of buck stations which enable farmers’ groups to carry out crossbreeding with the aim of stabilising at a blood level of 50% exotic (dairy) genetics.
7
## **Friends of Joy Goat Development Programme Uganda Field Director’s Report**
This is a methodology shared with the other NGOs that have spear-headed dairy goat development, such as Heifer International and FARM-Africa.
JOY Goats has bought high-grade bucks and placed them with farmers’ groups in the Greater Masaka area, principally Kalungu, Masaka, Lwengo, Rakai and Kyotera Districts. A similar approach has been applied in Elgon and SE Uganda, mainly in Mbale, Kween, Bududa, Namisindwa, Budaka, Butaleja and Busia Districts of Uganda and Teso North in Kenya. There has also been some similar work done, but to a lesser extent, in many other districts.
A substantial part of the Field Officers’ time is taken up with following up existing groups and training new ones.
Except in the strategic areas of Kween District and Kasese District, we no longer give bucks free of charge for the above programme. New projects have to fully or partly fund the cost of bucks themselves. JOY Goats then provides free training and follow-up.
## _**Rwenzori Low-Grade Cross-Breeding Approach**_
During 2021, Kasese District in Rwenzori Region has continued to be the district where there has been the greatest expansion in the impact of the work.
Details of the project can be found in the 2019 Annual Report. In summary, specific cultural factors mean that we can initially aim for much lower grades of goats, which in turn means that the cost for each improver buck is much less, and can be afforded easily by individuals or small groups. This helps the rapid roll-out of the programme.
## _**Northern Uganda methodology**_
The conventional approach described above is of very limited applicability in areas where goats are traditionally allowed to graze freely during the long dry season.
We are continuing to explore ways of introducing breed improvement in such areas. This is primarily in Serere District of Teso Region with some exploratory work in the lowlands of West Nile.
## _**Collaborative Projects**_
Increasingly the aims of JOY Goats are being realised through other organisations. The partner organisation is responsible for buying breeding stock, mobilising the farmers and day-to-day administration of the project. JOY Goats is responsible for the training. Sometimes we cover the full cost of the training, sometimes the partner organisation covers field expenses, and sometimes the partner organisation also contributes towards the salary etc for the Field Officer.
This type of cooperation is particularly important in SW Uganda, and we have significant projects that operate in this way in Ntungamo, Rukungiri, Rukiga and Kabale.
We consider that this is the way forward because it is a more cost-effective way of working and is also more sustainable – the expertise and the vision is being passed on to others who can take it on.
8
**Friends of Joy Goat Development Programme Uganda Field Director’s Report**
## **4. Strategic Breeding Projects**
## _**Farmers’ Groups with high-grade goats**_
Most farmers’ groups that we work with have a breeding target of 50% dairy genetics, and occasionally 25%. This means that the goats are relatively easy to manage and ensures the widest possible uptake. However, in order to breed such goats it is necessary to have males of higher grade – either 75% or 100% dairy genetics. To ensure a continuous supply of such breeding stock, we have one well-established breeders group in the Masaka area who are keeping purebred Toggenburg-type goats. During 2021 we have started to establish additional groups in the highland part of Mbale District and in Kasese District. Several other groups are breeding 75% crosses, mostly in Kalungu District as part of our work in the Greater Masaka area.
These groups were formed during the early years of JOY Goats but continue to play an import role in supplying breeding stock to JOY Goats and to other organisations and individuals.
## _**Large-Scale Breeding Centres**_
The selective breeding process is proceeding very slowly through the farmers’ groups. Partly this is due to the difficulty of teaching and mobilising large numbers of individual farmers. But even if mobilisation was perfect, when the goats are being kept under different conditions by many different people, the selection process is inherently less efficient. For this reason we are continuing to look for partnerships with large scale goat farms that can incorporate the breed improvement into their business plan, and become suppliers of the new breed.
To date, there have been several large-scale farmers who have been seriously considering the idea, but none have yet adopted it.
## **5. Technical Innovation**
## _**Artificial Insemination**_
We have been working with a project close to Mubende Municipality where there is a small-scale goat insemination programme.
## _**Proposal for a Genetic Marker Study.**_
We are still pursuing the possibility of a genomic selection project, as described in the 2019 Annual Report.
## _**Breed Registration**_
We believe that long-term sustainability of the breeding programme can only be achieved if a system of breed registration can be established. This needs to be simple enough to be accessible to village farmers, but still be rigorous enough to be effective. We are currently experimenting with registration systems that can fit these criteria.
9
**Friends of Joy Goat Development Programme Uganda Field Director’s Report**
## **6. Networking**
## _**General Networking**_
Networking has always been important to us. This is continuing. Frequently we get enquiries about accessing breeding stock. When the goats are needed far from our own sources of goats in Masaka, we link the enquirers with goat breeders in other areas.
In addition, we get many enquiries by telephone, email or web form submissions asking for advice on project planning. Such consultation services are provided free to other NGOs, CBOs and small-scale farmers.
## **7. Impact of Covid 19**
The pandemic, and the restrictions in place because of it, have had a significant impact on the work of JOY Goats. Much of the village training is done in large meetings where the value of goats’ milk is explained and people are taught how to manage the goats. Such large meetings have been impossible this year, which has meant that we have been unable to expand into new villages.
However, there has only been one month when our Field Officers were unable to do any work at all. For the rest of the year, they have been able to check on the buck stations and meet with leaders of farmers’ groups.
It has also given us the opportunity to focus on the breed registration work, working with small numbers of farmers to test what is feasible.
David Dowdy National Director
10
## **Friends of Joy Goat Development Programme Uganda Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Friends of Joy Goat Development Programme Uganda**
I report to the charity trustees on my examination of the financial statements of Friends of Joy Goat Development Programme Uganda for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.)
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statementstobereached.
TS Accounting SouthWest Limited B KempMAAT/IFA TS Accounting 20 Kingsmead Business Park Gillingham
Dorset SP8 5FB 31 December 2021
11
**Friends of Joy Goat Development Programme Uganda Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
10,908
547
20,200|**Total funds**
**2021**
**£**
10,908
547
20,200|**Total funds**
**2020**
**£**
12,946
342
7,200|
|---|---|---|---|
||31,655
-
31,503
421|31,655
-
31,503
421|20,488
217
19,558
211|
||31,924
-|31,924
-|19,986
-|
||(269)
-|(269)
-|502
-|
||(269)|(269)|502|
||(269)
752|(269)
752|502
250|
||483|483|752|
12
**Friends of Joy Goat Development Programme Uganda Summary Income and Expenditure Account**
## **for the year ended 31 December 2021**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2021**
**£**
31,655
31,655
31,924
31,924
(269)
(269)|**2020**
**£**
20,488|
|---|---|---|
|||20,488|
|||19,986|
|||19,986|
|||502|
|||502|
13
**Friends of Joy Goat Development Programme Uganda Balance Sheet**
## **at 31 December 2021**
|**Company No.**
**08203235**
**Notes**
**2021**
**£**
**Current assets**
Cash at bank and in hand
483
483
**Net current assets**
483
**Total assets less current liabilities**
483
**Net assets excluding pension asset or liability**
483
**Total net assets**
483
**The funds of the charity**
**Restricted funds**
11
**Unrestricted funds**
11
General funds
483
483
**Reserves**
11
**Total funds**
483|**2020**
**£**
752|
|---|---|
||752|
||752
752|
||752|
||752|
||752|
||752|
||752|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The trustees are responsible for keeping proper records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Approved by the board on 13 September 2022 and signed on its behalf by:
Trustee
13 September 2022 L. Clarke
14
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## **for the year ended 31 December 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
15
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
16
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
17
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations from individuals
Paypal
Gift aid
The Peace Trust
5
**Income from charitable activities**
Fund raising|**Unrestricted**
**£**
9,429
169
960
350
10,908
**Unrestricted**
**£**
547
-
547|**Unrestricted**
**funds**
**£**
12,946
279
63
7,200
20,488
217
19,558
211
19,986
502
502
502
250
752
**Total**
**2021**
**£**
9,429
169
960
350
10,908
**Total**
**2021**
**£**
547
-
547|**Total funds**
**£**
12,946
279
63
7,200|
||||20,488
217
19,558
211|
||||19,986|
||||502|
||||502|
||||502
250|
||||752|
||||**Total**
**2020**
**£**
9,407
149
2,660
730|
||||12,946|
||||**Total**
**2020**
**£**
279
63|
||||342|
18
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## 6 **Income from other trading activities**
|Stewardship
7
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Donations from individuals
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Fund raising
_Governance costs_
9
**Other expenditure**
General administrative costs
10 **Staff costs**|**Unrestricted**
**£**
20,200
20,200
**Unrestricted**
**£**
31,503
31,503
**Unrestricted**
**£**
421
421|**Total**
**2021**
**£**
20,200
20,200
**Total**
**2021**
**£**
-
-
**Total**
**2021**
**£**
31,503
31,503
**Total**
**2021**
**£**
421
421|**Total**
**2020**
**£**
7,200|
|---|---|---|---|
||||7,200|
||||**Total**
**2020**
**£**
217|
||||217|
||||**Total**
**2020**
**£**
19,558|
||||19,558|
||||**Total**
**2020**
**£**
211|
||||211|
|||||
No employee received emoluments in excess of £60,000.
19
**Friends of Joy Goat Development Programme Uganda Notes to the Accounts**
## 11 **Movement in funds**
|**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
12 **Analysis of net assets between funds**
Net current assets
13 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 January**
**2021**
752
752|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
31,655
31,655
**At 1 January**
**2021**
**£**|**Resources**
**expended**
**£**
(31,924)
(31,924)
**Unrestricted**
**funds**
**£**
483
483
**Cash flows**
**£**|**At 31**
**December**
**2021**
**£**
483|
|---|---|---|---|---|
|||||483|
|||||**Total**
**£**
483|
|||||483|
|||||**At 31**
**December**
**2021**
**£**|
|||752|(269)|483|
|||752
752|(269)
(269)|483|
|||||483|
||||||
|14 **Related party disclosures**
**_Controlling party_**|||||
The company is limited by guarantee and has no share capital; thus no single party controls the company.
20
**Friends of Joy Goat Development Programme Uganda Detailed Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Income and endowments from:**
Donations and legacies
Donations from individuals
Paypal
Gift aid
The Peace Trust
Charitable activities
Fund raising
Other trading activities
Stewardship
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Donations from individuals
**Total of expenditure on raising**
**funds**
Charitable activities
Fund raising
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
General insurances
Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**|**Unrestricted**
**funds**
**2021**
**£**
9,429
169
960
350
10,908
547
-
547
20,200
20,200
31,655
-
-
-
31,503
31,503
31,503
198
223
421
421
31,924
-
(269)|**Total funds**
**2021**
**£**
9,429
169
960
350
10,908
547
-
547
20,200
20,200
31,655
-
-
-
31,503
31,503
31,503
198
223
421
421
31,924
-
(269)|**Total funds**
**£**
9,407
149
2,660
730|
|---|---|---|---|
||||12,946|
||||279
63|
||||342|
||||7,200|
||||7,200|
||||20,488
217|
||||217|
||||217
19,558|
||||19,558|
||||19,558
-
211|
||||211|
||||211|
||||19,986
-|
||||502|
21
**Friends of Joy Goat Development Programme Uganda Detailed Statement of Financial Activities**
|**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|(269)
-
(269)
752
483|(269)
-
(269)
752
483|502
-|
||||502|
||||250|
||||752|
22