REGISTERED CHARITY NUMBER: 1153361
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2022
for
African Adventures Foundation
Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ
African Adventures Foundation
Contents of the Financial Statements for the Year Ended 31 October 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
African Adventures Foundation
Report of the Trustees for the Year Ended 31 October 2022
African Adventures Foundation Trustees Report
The reporting period ended significantly differently from how it began, as the Coronavirus pandemic meant that the UK was still under a partial national lockdown in November 2021 and the charity was unable to carry out in-person fundraising events. However, the rollback of international travel and domestic societal restrictions ensured that, by October 2022, the charity was able to return to its regular operations after over two years of extraordinary disruption.
During the reporting period, the trustees set the charity's new strategy to focus on four key areas of support for our partner schools:
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Food security
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Building programmes
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Infrastructure
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Water, Sanitation & Hygiene (WASH)
The charity continued with its flagship Water and Sanitation Hygiene (WASH) and Menstrual Health Management (MHM) programme which, once finished, will benefit 8,253 girls and 7,798 boys who attend our partner schools in Zanzibar. Through a combination of educational workshops and construction of better sanitation facilities, the programme will enable the students to reach their full potential by ensuring that all children feel safe and able to maintain personal hygiene.
The charity made a commitment during the reporting period to fund its food security programme at its partner schools in Kenya indefinitely.
The charity continued to receive substantial support from African Adventures Ltd, which provides free office space, staff time and financial assistance to help minimise the administrative costs to the charity. This enables the charity to spend 100% of all donor income on the projects it delivers in Ghana, Kenya and Zanzibar.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1153361
Principal address
Unit 4, Crescent House Yonge Close Eastleigh Hampshire SO50 9SX
Trustees
D Mew Mrs R Northover Miss C F Nolan
Independent Examiner
Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ
Page 1
African Adventures Foundation
Report of the Trustees for the Year Ended 31 October 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ D Mew - Trustee
Page 2
Independent Examiner's Report to the Trustees of African Adventures Foundation
Independent examiner's report to the trustees of African Adventures Foundation
I report to the charity trustees on my examination of the accounts of African Adventures Foundation (the Trust) for the year ended 31 October 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection 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.
Kate Wood FCA FCCA
Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ
Date: .............................................
Page 3
African Adventures Foundation
Statement of Financial Activities for the Year Ended 31 October 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 95,306 EXPENDITURE ON Charitable activities 60,868 Other 48,866 Total 109,734 NET INCOME/(EXPENDITURE) (14,428) RECONCILIATION OF FUNDS Total funds brought forward 16,779 TOTAL FUNDS CARRIED FORWARD 2,351 |
Restricted funds £ 56,017 52,802 - 52,802 3,215 20,543 23,758 |
31.10.22 31.10.21 Total Total funds funds £ £ 151,323 135,557 113,670 82,588 48,866 46,791 162,536 129,379 (11,213) 6,178 37,322 31,144 26,109 37,322 |
31.10.22 31.10.21 Total Total funds funds £ £ 151,323 135,557 113,670 82,588 48,866 46,791 162,536 129,379 (11,213) 6,178 37,322 31,144 26,109 37,322 |
|---|---|---|---|
| 82,588 46,791 |
|||
| 129,379 | |||
| 6,178 31,144 |
|||
| 37,322 |
The notes form part of these financial statements
Page 4
African Adventures Foundation
Balance Sheet 31 October 2022
| 31.10.22 | 31.10.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 3,633 | 23,758 | 27,391 | 40,112 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 5 | (1,282) | - | (1,282) | (2,790) | |
| NET CURRENT ASSETS | 2,351 | 23,758 | 26,109 | 37,322 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 2,351 | 23,758 | 26,109 | 37,322 | ||
| NET ASSETS | 2,351 | 23,758 | 26,109 | 37,322 | ||
| FUNDS | 6 | |||||
| Unrestricted funds | 2,351 | 16,779 | ||||
| Restricted funds | 23,758 | 20,543 | ||||
| TOTAL FUNDS | 26,109 | 37,322 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D Mew - Trustee
The notes form part of these financial statements
Page 5
African Adventures Foundation
Notes to the Financial Statements for the Year Ended 31 October 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The activities are dependent on donation income and, as a consequence, the going concern basis for the charitable activities is dependent on donation income continuing.
The presentation currency of these financial statements is pounds sterling (£).
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.
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.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Taxation
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Irrecoverable vat
Where VAT cannot be recovered, it is charged against the cost heading to which the expenditure heading on which it arose.
Page 6
continued...
African Adventures Foundation
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
2. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Other resources expended | 48,866 |
All support costs are met directly by African Adventures Ltd. The trustees estimate that this would have cost the Charity £45,000 in the year ended 31 October 2022 if it had to meet these costs itself. This has therefore allowed a greater proportion of income to be used in pursuit of its Charitable aims and objectives. The trustees wish to express a debt of gratitude to African Adventures Ltd for its contribution and commitment.
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 81,885 EXPENDITURE ON Charitable activities 23,521 Other 46,791 Total 70,312 NET INCOME/(EXPENDITURE) 11,573 RECONCILIATION OF FUNDS Total funds brought forward 5,206 TOTAL FUNDS CARRIED FORWARD 16,779 |
Restricted funds £ 53,672 59,067 - 59,067 (5,395) 25,938 20,543 |
Total funds £ 135,557 |
|---|---|---|
| 82,588 46,791 |
||
| 129,379 | ||
| 6,178 31,144 |
||
| 37,322 |
continued...
Page 7
African Adventures Foundation
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.10.22 | 31.10.21 | |
|---|---|---|
| £ | £ | |
| Trade creditors | - | 990 |
| Other creditors | 1,282 | 1,800 |
| 1,282 | 2,790 |
6. MOVEMENT IN FUNDS
| At 1.11.21 £ Unrestricted funds General fund 10,146 Project Funding - Kenya Unrestricted 5,916 Project Funding - Ghana Unrestricted - Project Funding - Zanzibar Unrestricted 333 Gift Aid - Unrestricted 384 16,779 Restricted funds Project Funding - Kenya Restricted 5,925 General Fund - Restricted - Project Funding - Ghana Restricted 455 Zanzibar Restricted 14,163 20,543 TOTAL FUNDS 37,322 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Project Funding - Kenya Unrestricted Project Funding - Ghana Unrestricted Project Funding - Zanzibar Unrestricted Gift Aid - Unrestricted Restricted funds Project Funding - Kenya Restricted General Fund - Restricted Project Funding - Ghana Restricted Zanzibar Restricted TOTAL FUNDS |
Net movement in funds £ 20,828 2,922 (10,901) (27,356) 79 (14,428) (35,090) 2,494 6,962 28,849 3,215 (11,213) Incoming resources £ 78,910 14,075 - - 2,321 95,306 13,712 4,839 8,617 28,849 56,017 151,323 |
Transfers between At funds 31.10.22 £ £ (28,623) 2,351 (8,838) - 10,901 - 27,023 - (463) - - 2,351 29,165 - (2,000) 494 - 7,417 (27,165) 15,847 - 23,758 - 26,109 Resources Movement expended in funds £ £ (58,082) 20,828 (11,153) 2,922 (10,901) (10,901) (27,356) (27,356) (2,242) 79 (109,734) (14,428) (48,802) (35,090) (2,345) 2,494 (1,655) 6,962 - 28,849 (52,802) 3,215 (162,536) (11,213) |
Transfers between At funds 31.10.22 £ £ (28,623) 2,351 (8,838) - 10,901 - 27,023 - (463) - - 2,351 29,165 - (2,000) 494 - 7,417 (27,165) 15,847 - 23,758 - 26,109 Resources Movement expended in funds £ £ (58,082) 20,828 (11,153) 2,922 (10,901) (10,901) (27,356) (27,356) (2,242) 79 (109,734) (14,428) (48,802) (35,090) (2,345) 2,494 (1,655) 6,962 - 28,849 (52,802) 3,215 (162,536) (11,213) |
|---|---|---|---|
| (14,428) (35,090) 2,494 6,962 28,849 |
|||
| 3,215 | |||
| (11,213) |
continued...
Page 8
African Adventures Foundation
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Project Funding - Kenya Unrestricted Project Funding - Ghana Unrestricted Project Funding - Buildings Unrestricted Project Funding - Zanzibar Unrestricted Gift Aid - Unrestricted Donated Services Restricted funds Project Funding - Kenya Restricted Project Funding - Buildings Restricted General Fund - Restricted Project Funding - Ghana Restricted Zanzibar Restricted TOTAL FUNDS |
Net At movement At 1.11.20 in funds 31.10.21 £ £ £ 2,767 (41,379) (38,612) 2,061 6,533 8,594 - 510 510 - (1,302) (1,302) - 1,143 1,143 378 1,068 1,446 - 45,000 45,000 5,206 11,573 16,779 9,665 16,511 26,176 - (44,197) (44,197) - (3,610) (3,610) - 1,550 1,550 16,273 24,351 40,624 25,938 (5,395) 20,543 31,144 6,178 37,322 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Project Funding - Kenya Unrestricted Project Funding - Ghana Unrestricted Project Funding - Buildings Unrestricted Project Funding - Zanzibar Unrestricted Gift Aid - Unrestricted Donated Services Restricted funds Project Funding - Kenya Restricted Project Funding - Buildings Restricted General Fund - Restricted Project Funding - Ghana Restricted Zanzibar Restricted TOTAL FUNDS |
Incoming resources £ 11,395 20,748 2,531 - 1,143 1,068 45,000 81,885 26,952 - 660 1,550 24,510 53,672 135,557 |
Resources Movement expended in funds £ £ (52,774) (41,379) (14,215) 6,533 (2,021) 510 (1,302) (1,302) - 1,143 - 1,068 - 45,000 (70,312) 11,573 (10,441) 16,511 (44,197) (44,197) (4,270) (3,610) - 1,550 (159) 24,351 (59,067) (5,395) (129,379) 6,178 |
|---|---|---|
Restricted fund expenditure - further information
continued...
Page 9
African Adventures Foundation
for the Year Ended 31 October 2022
Notes to the Financial Statements - continued
6. MOVEMENT IN FUNDS - continued
Jubilee Academy (Kenya): £380.41 restricted funds towards classroom purchases Dedzidi School (Ghana): £180.80 restricted funds towards building materials TYSGI - Child School Fees: £197.95 restricted funds towards school fees for two students Cherish School: £3,182.96 restricted funds towards school building programme
7. RELATED PARTY DISCLOSURES
African Adventures Foundation Ltd
African Adventures Foundation is the official charity of African Adventures Ltd. African Adventures Ltd is a tour operator specialising in volunteer trips, and is ultimately controlled by Dan Mew, who also serves as a member of the board for African Adventures Foundation. The company contributes staff time to help organise fundraising events for the charity, and to support its day-to-day running. It is estimated that had African Adventures Foundation needed to pay for this support, it would have cost it about £45,000. It is therefore deemed that these are donated services, which is represented under donated services and expenditure.
DPM Investments Ltd
Daniel Mew, a trustee of African Adventures Foundation is a Director of DPM Investments Ltd, which made donations to the charity in the year totalling £800 (2021: £Nil). Donations were not made to infer any form of benefit to DPM Investments Ltd.
Daniel Mew
Daniel Mew, a trustee of African Adventures foundation personally made donations to the charity in the year totalling £201. Donations were not made to infer any form of benefit to Daniel Mew.
8. A MESSAGE TO ALL DONORS
The trustees wish to express their gratitude to all donors, without whom it would not have been possible to do what we set out to do.
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African Adventures Foundation
| INCOME AND ENDOWMENTS Donations and legacies Donations Donated services and facilities Total incoming resources EXPENDITURE Other trading activities Project Expenses School fees Christmas parties Support costs Governance costs Support costs Donated services Accountancy and legal fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 October 2022 31.10.22 31.10.21 £ £ 106,323 90,557 45,000 45,000 151,323 135,557 151,323 135,557 111,377 72,335 2,293 3,803 - 4,650 113,670 80,788 1,624 1,791 45,000 45,000 2,242 1,800 48,866 48,591 162,536 129,379 (11,213) 6,178 |
Detailed Statement of Financial Activities for the Year Ended 31 October 2022 31.10.22 31.10.21 £ £ 106,323 90,557 45,000 45,000 151,323 135,557 151,323 135,557 111,377 72,335 2,293 3,803 - 4,650 113,670 80,788 1,624 1,791 45,000 45,000 2,242 1,800 48,866 48,591 162,536 129,379 (11,213) 6,178 |
|---|---|---|
| 135,557 | ||
| 135,557 72,335 3,803 4,650 |
||
| 80,788 1,791 45,000 1,800 |
||
| 48,591 | ||
| 129,379 | ||
| 6,178 |
This page does not form part of the statutory financial statements
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