REGISTERED COMPANY NUMBER: 08393664 (England and Wales) REGISTERED CHARITY NUMBER: 1151443
TRUSTEES' REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2022
FOR
DROP OF COMPASSION (A COMPANY LIMITED BY GUARANTEE)
Watergates Ltd 109 Coleman Road Leicester Leicestershire LE5 4LE
DROP OF COMPASSION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022
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Page
Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Position 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12 to 19
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DROP OF COMPASSION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28TH FEBRUARY 2022
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TRUSTEES Mr I H Chhatbar
Mr S Chopdat
Mr O M Ismail
Mr S M Lambat
Mr H Y Lambat
Mr I Y Patel
Mr M Y Patel
REGISTERED OFFICE 9 Exton Road
Leicester
LE5 4AF
REGISTERED COMPANY 08393664 (England and Wales)
NUMBER
REGISTERED CHARITY 1151443
NUMBER
INDEPENDENT EXAMINER Watergates Ltd
109 Coleman Road
Leicester
Leicestershire
LE5 4LE
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DROP OF COMPASSION
TRUSTEES' REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28th February 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To relieve financial hardship, distress and suffering among poor people, victims of natural and man-made disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the establishment of irrigation systems, water wells, and water sanitation systems for the benefit of the said persons.
To promote sustainable development for the benefit of the public by the preservation, conservation and the protection of the environment and the prudent use of resources, and the promotion of sustainable means of achieving economic growth and regeneration, such that sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.
To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as schools, libraries and training centres, and the provision of vocational training and adult learning programmes.
To relieve sickness and to preserve good health among the poor and people in need by means of, but not exclusively, the provision or assistance in the provision of services, facilities, equipment, clinics, medicines or grants for medical diagnosis and treatment, and provision of health education.
To advance islam for public benefit by means thought fit by the trustees from time to time.
Significant activities
During this financial year, we have carried out the following work:
Leicester Food Bank Support
We supported a local foodbank to provide foodpacks to individuals and families struggling with financial difficulties. The foodpacks included essential sustenance items including milk, eggs, pasta, rice, tinned food and team/coffee
Malawi Projects
HEALTH
We continued to provide free consultations and treatments for common conditions including malaria at the health clinic we have sponsored in Somba for the last 7 years where 3000 patients are seen monthly. Prior to the clinic being established, people were forced to travel up to 30km across rough terrain. 52% of the treatments are malaria related with 12% for HIV. The clinic also provides maternity services covering prenatal, birth and postnatal care through which we support 360 births annually and support to 4000 beneficiaries.
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DROP OF COMPASSION
TRUSTEES' REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2022
OBJECTIVES AND ACTIVITIES
EDUCATION
We are passionate about safeguarding the prospects of the future generation and continue to support various education initiatives.
Our university scholarship programme supported 20 students to specialise in Medicine, Bio-Medical sciences and Public health. We also funded the construction of a new school block in the Masuku area which benefits 200 students and also a new kitchen area for a school in Mikundi to serve 400+ students. To ensure students have increased energy levels and engagement, we provided daily lunches to schools in Mikundi, Masuku and Somba benefitting 200 students.
WATER IRRIGATION
The scheme supplies an abundance of water to a village all year round. This is enough to provide the foundation for growing staple crops, introduction of new high earning crops, fruit farms, honey farms, fish farming, cattle rearing and ability to sell to market. This year we have completed 12 Irrigation schemes which will directly benefit 5000 people.
WATERWHEELS
A simple, highly effective roller device to make transporting water easy. Normally, women and children carry buckets on their heads travelling considerably long distances.
We distributed 2100 waterwheels to families across a number of rural areas enabling them to transport water back from long distances to their villages safely without having to carry buckets on their heads.
BOREHOLES
Boreholes provide easy access to safe and reliable clean water to families who otherwise would have to travel long distances. This year we built 13 boreholes that directly benefitted approximately 39000 people.
SUSTAINABILITY
These projects set communities up to be self-sustaining to earn a livelihood. We have planted 10000+ fruit trees, distributed 720 goats and bee hives for honey farming that benefits 2,240 people.
EMERGENCY RESPONSE
Tropical storm, named ANA caused devastation across southern Malawi leaving almost 20 districts flooded and in some areas, without power and water supplies. More than 100,000 people were forced to flee their homes with most also unable to sustain incomes due to farmlands being devastated. An emergency relief effort was mobilised to support those affected which included the distribution of 1000 foodparcels, 2100 waterwheels and cash assistance to 1000 families.
Rohingya Refugee Projects
HOT FOOD DISTRIBUTION
Everyone needs a hot meal. This provides a lifeline in terms of basic nutrition to those who are malnourished and under privileged. Throughout the year, we provided 48000 hot meals to children, women and vulnerable adults.
FOOD PACK
Many habitants within the refugee camps are unable to procure basic food essentials. We provided 1000 food packs to the most needy families in the refugee camps.
ROHINGYA HOMES
Many families remain without adequate housing despite residing in the camps for a number of years. With continued uncertainty and no immediate plans for repatriation home, it was important that families were provided with a safe habitat. We provided 250 families with homes, all equipped with blankets, lighting and solar energy.
Bangladesh Projects
FOOD PACKS
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DROP OF COMPASSION
TRUSTEES' REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2022
OBJECTIVES AND ACTIVITIES
To assist families that are experiencing financial hardship, food packs were distributed to 333 families in most needy areas across Bangladesh.
HOT FOOD DISTRIBUTION
Hot meals were provided to underprivileged families during the month of Ramadan to ensure basic nutritional needs whilst observing a period of fasting. This year 24000 hot meals were provided to children, women and vulnerable adults.
HAND PUMPS IN BANGLADESH
In rural areas where access to clean water was scarce, we built 30 handpumps in Bangladesh benefitting close to 1000 people.
West Bengal Projects
EMERGENCY RELIEF
Following a cyclone which caused devastation across large parts of the country, essential supplies including foodpacks and hot food were provided to those impacted.
WEST BENGAL ORPHANS
Every child has the right to be loved and nurtured and orphans are no exception. We continue to sponsor 340 orphan girls by providing them with housing, food, education and welfare.
Yemen Projects
YEMEN FOOD PACKS
Yemen continues to experience a humanitarian crisis and remains the poorest of Arab nations. 1450 food parcels were distributed amongst the poor and needy.
YEMEN BREAD FACTORY
We provided bread to 5000 people daily for 8 months (12 bread sticks in a pack).
YEMEN SOLAR HYBRID TUBEWELL
We built 1 Water Pump which will provide clean water to approximately 7,500 people.
HOT FOOD
12000 hot meals were provided to the poor and needy who were observing fasts during the month of Ramadan.
Lebanon Projects
EMERGENCY RELIEF
Storms and heavy rain caused damage to refugee shelters meaning lives were at risk due the vulnerable having no protection from freezing temperatures. To protect lives, emergency relief was provided through 800 food packs, 300 winter blankets and 300 fuel gallons.
Public benefit
The Trustees have given due consideration to the Charity Commission's published guidance onthe Public Benefit Requirement.
Volunteers
We have a small number of volunteers who assist on an ad-hoc basis mainly during the month of Ramadhan for pledge days and fundraising activities.
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DROP OF COMPASSION
TRUSTEES' REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2022
STRATEGIC REPORT
Achievement and performance
Drop of compassion remains committed to providing long term, sustainable solutions in Malawi. The country remains amongst the poorest in the world with an ongoing need for relief support. Our projects in the current year were delivered against key focus areas including Water, health, education and sustainability. Despite the pandemic, we were still able to deliver scale projects benefitting thousands of people. These included 12 irrigation schemes which not only alleviate the initial need of access to clean water but a means to earn a sustainable income through crop yields. It is also the charities intention to expand on our existing portfolio of community hubs which benefit from a number of our projects in a single location and have proven successful in create thriving communities.
ROHINGYA
Drop of compassion have continued to provide essential relief to the Rohingyan refugees that fled the war in Myanmar into Bangladesh. With no immediate plans for repatriation, the charity intends to continue supporting with housing shelters and basic necessities including food and medical care. This will ensure that those already suffering from being displaced from their home are not left neglected with the additional worry of survival without essentials.
WEST BENGAL
Drop of Compassion identified a need to support 340 orphan/children girls whose family couldn't provide for them. We took on the responsibility of the upkeep of these children to facilitate in their welfare, education and social development. Those children who have completed their education are then provided further training to then teach within the institute or supported in moving to further their careers or aspirations. We remain committed to the continued support of the orphanage running costs whilst also exploring how the building can be improved with better facilities and living standards.
YEMEN
The ongoing humanitarian crisis in Yemen where they remain the poorest of Arab nations supported our decision to provide emergency relief to those in need. In the short term, we plan on continuing with our projects to provide water and food relief to those in need. There is currently no long term strategy to continue to work in Yemen.
LEBANON
Lebanon is currently home to Syrian refugees who have fled due to ongoing conflicts in their home country. Severe weather conditions in freezing temperatures put lives at risk unless emergency relief was provided. Drop of compassion provided emergency supplies including food packs, blankets and fuel gallons.
Financial review
Financial position
Overall, the charity is in a healthy position as demonstrated by our accounts for the period in concern. This is mainly due to effective cost control, which ensures our running costs are kept to an acceptable level.
During the year the charity raised £877,292 (2021: £1,053,432) in direct donations from the general public to carry out the programmes mentioned above. During the year £837,802 (2021: £1,012,091) from the restricted funds were expensed for specific projects.
The charity continues to work closely with a number of partner organisations in providing aid to the needy and, most of the above expenditure was spent with these partner organisations.
A small amount raised with no restrictions in addition to the income tax recoverable from Gift Aid, continue to provide the charity with sufficient funds to carry out its charitable objectives as well as the administration of the charity.
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DROP OF COMPASSION
TRUSTEES' REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2022
STRATEGIC REPORT Financial review
Reserves policy
We aim to utilise the funds within a year of receiving them. Reserves are held for long term projects and for responding to emergencies and disasters.
The unrestricted funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year. At the end of each financial year the Trustees critically appraise this level and transfer any excess to where it is most needed in terms of aid.
The Trustees consider it prudent that the reserves should be sufficient for the charity's use. The Trustees have approved that all unrestricted reserves will be utilised in helping the charity achieve its objectives.
Going concern
Currently no concerns about the charity continuing as a going concern.
Principal risks and uncertainties
The principal financial risks and uncertainties that the charity can face is reduction in donations from key donors as this is the significant portion of the charity's funding. The charity has raised awareness of its activities and sends out advertising material of the work it does in order to attract more donations. This has been successful as the amount of donations have remained consistent.
Future plans
The charity is looking at the options in which it can increase donations from various individuals
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 7 February 2013. The company was established under a Memorandum of Association which the objects and powers of the charitable company and its governed under its Articles of Association.
Charity constitution
Private Limited Company by guarantee.
Recruitment and appointment of new trustees
All trustees are involved in any selection process that takes place and a vote amongst the trustees is conducted to appoint any positions within the organisation.
Organisational structure
The board of Trustees of the charity are responsible for the charity's strategic direction. The board of Trustees meet on a termly basis to discuss the activities of the charity.
The board of trustees are supported through the aid of volunteers who manage the daily running of the charity.
Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29th November 2022 and signed on the board's behalf by:
Mr M Y Patel - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DROP OF COMPASSION
Independent examiner's report to the trustees of Drop Of Compassion ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28th February 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nazir Malida FCCA Watergates Ltd 109 Coleman Road Leicester Leicestershire LE5 4LE
29th November 2022
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DROP OF COMPASSION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Raising funds 3 Charitable activities 4 Donations Other Total NET INCOME Transfers between funds 12 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 80,891 7,103 699 8,030 15,832 65,059 (10,238) 54,821 134,614 189,435 |
Restricted funds £ 877,292 - 837,802 - 837,802 39,490 10,238 49,728 332,448 382,176 |
28/2/22 Total funds £ 958,183 7,103 838,501 8,030 853,634 104,549 - 104,549 467,062 571,611 |
28/2/21 Total funds £ 1,134,462 2,066 1,012,091 10,274 1,024,431 110,031 - 110,031 357,031 467,062 |
|---|---|---|---|---|
The notes on page 0 form part of these financial statements
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DROP OF COMPASSION
STATEMENT OF FINANCIAL POSITION 28TH FEBRUARY 2022
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 10 45,808 - Cash at bank 146,127 382,176 191,935 382,176 CREDITORS Amounts falling due within one year 11 (2,500) - NET CURRENT ASSETS 189,435 382,176 TOTAL ASSETS LESS CURRENT LIABILITIES 189,435 382,176 NET ASSETS 189,435 382,176 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
28/2/22 Total funds £ 45,808 528,303 574,111 (2,500) 571,611 571,611 571,611 189,435 382,176 571,611 |
28/2/21 Total funds £ 49,000 421,662 470,662 (3,600) 467,062 467,062 467,062 134,614 332,448 467,062 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2022 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.
The financial statements were approved by the Board of Trustees and authorised for issue on 29th November 2022 and were signed on its behalf by:
Mr M Y Patel - Trustee
The notes on page 0 form part of these financial statements
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DROP OF COMPASSION
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28TH FEBRUARY 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
28/2/22 £ 106,641 106,641 106,641 421,662 528,303 |
28/2/21 £ 146,473 146,473 146,473 275,189 421,662 |
|---|---|---|
The notes on page 0 form part of these financial statements
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DROP OF COMPASSION
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28TH FEBRUARY 2022
| 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 28/2/22 28/2/21 £ £ Net income for the reporting period (as per the Statement of Financial Activities) 104,549 110,031 Adjustments for: Decrease in debtors 3,192 34,842 (Decrease)/increase in creditors (1,100) 1,600 |
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 28/2/22 28/2/21 £ £ Net income for the reporting period (as per the Statement of Financial Activities) 104,549 110,031 Adjustments for: Decrease in debtors 3,192 34,842 (Decrease)/increase in creditors (1,100) 1,600 |
|---|---|
| Net cash provided by operations | 106,641 146,473 |
| 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.3.21 £ Net cash Cash at bank 421,662 |
Cash flow At 28.2.22 £ £ 106,641 528,303 |
| 421,662 | 106,641 528,303 |
| Total 421,662 |
106,641 528,303 |
The notes on page 0 form part of these financial statements
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Charity meets the definition of a public entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The functional currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates. The financial statements are also presented in pounds sterling, The amounts in the financial statements are presented to the nearest £1, unless otherwise stated.
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the charity's accounting policies. There are no significant areas requiring material judgements, estimates or assumptions.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations and legacies: This comprises all incoming resources from donations collected directly or by volunteers and income from fundraising events during the year. Gift Aid tax recoverable under the Gift Aid Scheme is recognised where there is an entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Where a claim for repayment of income tax has been or will be made, such income is included in the debtors’ amount if still not received by the year end.
The value of services provided by volunteers is difficult to put a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102).
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure is classified under the following activity headings:
Charitable activities: Costs associated with the provision of emergency relief, development and longer term rehabilitation programmes as elaborated on in the Trustees’ Report. These include both direct charitable expenditure, grants payable and support costs relating to these activities. Grants payable to other organisations for relief projects are included in the SOFA when approved by the trustees and agreed with the other organisation.
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
1. ACCOUNTING POLICIES - continued
EXPENDITURE
Support costs: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs for a single activity are allocated to the particular activity where the cost relates directly to that activity. However, Support costs that represent the support functions of management, finance, human resources, IT and support departments attributable to the management of the Charity's assets, are allocated in proportion to the type of charitable activity during the period.
Governance costs: These are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. Governance support costs are allocated on the basis of support activities provided on clearly interpreted governance matters.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. DONATIONS AND LEGACIES
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|---|---|---|
|28/2/22|28/2/21|
|£|£|
|Donations|958,183|1,134,462|
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The charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
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3. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
28/2/22 28/2/21
£ £
Advertising and PR 7,103 2,066
4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Donations 838,501
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
28/2/22 28/2/21
£ £
6. GRANTS PAYABLE
28/2/22 28/2/21
£ £
Donations 838,501 1,012,091
The total grants paid to institutions during the year was as follows:
28/2/22 28/2/21
£ £
Various relief and support programmes 838,501 1,012,091
7. SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Other resources expended 6,114 1,456 460 8,030
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
7. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| 28/2/22 Other resources expended £ Telephone 72 Sundries 389 Software 1,250 Consultancy 304 Equipment expensed 4,099 Bank charges 1,456 Accountancy and legal fees 460 8,030 |
28/2/21 Total activities £ 124 2,017 2,457 1,260 - 1,316 3,100 10,274 |
|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28th February 2022 nor for the year ended 28th February 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 28th February 2022 nor for the year ended 28th February 2021.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds Charitable activities Donations Other Total NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted fund £ 81,030 2,066 29,420 10,274 41,760 39,270 3,511 42,781 91,832 |
Restricted funds £ 1,053,432 - 982,671 - 982,671 70,761 (3,511) 67,250 265,199 |
Total funds £ 1,134,462 2,066 1,012,091 10,274 1,024,431 110,031 - 110,031 357,031 |
|---|---|---|---|
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
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9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 134,613 332,449 467,062
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£ £
Prepayments and accrued income 45,808 49,000
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£ £
Accruals and deferred income 2,500 3,600
12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.3.21 in funds funds 28.2.22
£ £ £ £
Unrestricted funds
General fund 134,614 65,059 (10,238) 189,435
Restricted funds
-
Feeding 57,794 (6,848) 50,946
-
Orphans and children in need 37,961 (6,895) 31,066
Education 2,173 (2,173) - -
Water 36,893 10,512 9,010 56,415
- -
Community (1,228) 1,228
-
Development 4,427 43,375 47,802
-
Most needy restricted 193,200 2,747 195,947
332,448 39,490 10,238 382,176
TOTAL FUNDS 467,062 104,549 - 571,611
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Feeding Orphans and children in need Education Water Medical and healthcare Community Development Most needy restricted TOTAL FUNDS |
Incoming resources £ 80,891 132,668 47,405 4,146 216,821 38,586 - 197,099 240,567 877,292 958,183 |
Resources expended £ (15,832) (139,516) (54,300) (6,319) (206,309) (38,586) (1,228) (153,724) (237,820) (837,802) (853,634) |
Movement in funds £ 65,059 (6,848) (6,895) (2,173) 10,512 - (1,228) 43,375 2,747 39,490 104,549 |
|---|---|---|---|
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Malawi - Borehole Malawi - Build a Home Malawi - Build a Masjid Malawi - Honey Farming Malawi Floods Malawi - Classroom Block Malawi Malawi - Nursery Malawi Malawi - Health Clinic Malawi - Goat Project Malawi - Water Irrigation Malawi - Water Wheel Malawi - Planting Fruit Trees Rohingya Homes Rohingya Masjid Rohingya hot food/Iftar Rohingya - Most Needy Rohingya - Tara Wells West Bengal - Girls Education Centre West Bengal Orphanage Yemen - Most Needy Yemen Bread Factory Fidya/Kaffarah Most Needy - Sadaqah Most Needy - Zakah Feeding Orphans and children in need Education Water Medical and healthcare Development Most needy restricted TOTAL FUNDS |
At 29.2.20 £ 91,832 (964) 2,949 (4,572) 200 120 211 (1,320) 558 75 316 25,694 302 856 (2,500) 15,230 64,047 660 3,409 31,122 609 3,216 105 3,511 121,365 - - - - - - - 265,199 357,031 |
Net movement in funds £ 39,271 - - - - - - - - - - - - - - - - - - - - - - - - 41,987 4,750 2,173 11,187 (678) 4,478 6,863 70,760 110,031 |
Transfers between funds £ 3,511 964 (2,949) 4,572 (200) (120) (211) 1,320 (558) (75) (316) (25,694) (302) (856) 2,500 (15,230) (64,047) (660) (3,409) (31,122) (609) (3,216) (105) (3,511) (121,365) 15,807 33,211 - 25,706 678 (51) 186,337 (3,511) - |
At 28.2.21 £ 134,614 - - - - - - - - - - - - - - - - - - - - - - - - 57,794 37,961 2,173 36,893 - 4,427 193,200 332,448 467,062 |
|---|---|---|---|---|
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DROP OF COMPASSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28TH FEBRUARY 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Yemen - Most Needy Feeding Orphans and children in need Education Water Medical and healthcare Community Development Most needy restricted TOTAL FUNDS |
Incoming resources £ 81,030 1 141,348 278,250 4,173 231,181 41,441 27,328 110,755 218,955 1,053,432 1,134,462 |
Resources expended £ (41,759) (1) (99,361) (273,500) (2,000) (219,994) (42,119) (27,328) (106,277) (212,092) (982,672) (1,024,431) |
Movement in funds £ 39,271 - 41,987 4,750 2,173 11,187 (678) - 4,478 6,863 70,760 110,031 |
|---|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28th February 2022.
14. COMPANY LIMITED BY GUARANTEE
Drop of Compassion is a company limited by guarantee and accordingly does not have a share capital.
Every member off the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
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