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← African Adventures Foundation

2023-10-31-accounts

REGISTERED CHARITY NUMBER: 1153361

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2023

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 2023

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 11
Detailed Statement of Financial Activities 12

African Adventures Foundation

Report of the Trustees for the Year Ended 31 October 2023

African Adventures Foundation Trustees Report

This reporting period was the charity's first opportunity to operate with no restrictions following the pandemic. After two years of extraordinary disruption, the charity was able to return to regular operations and take advantage of some exciting opportunities available.

During the reporting period, the trustees continued with the charity's new strategy to focus on four key areas of support for its partner schools:

The charity continued with, and completed, its flagship Water and Sanitation Hygiene (WASH) and Menstrual Health Management (MHM) programme, which is now benefitting 8,253 girls and 7,798 boys who attend its 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, and that all girls will receive the support they need to manage menstruation. The charity then committed to delivering the same programme in Ghana, and baseline data was collected, and funding obtained, with this in mind for the coming year.

The charity continued to commit, during the reporting period, to funding 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 2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

==> picture [156 x 47] intentionally omitted <==

........................................................................ 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 2023.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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

13/05/2024 Date: .............................................

Page 3

African Adventures Foundation

Statement of Financial Activities for the Year Ended 31 October 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
74,292
EXPENDITURE ON
Charitable activities
15,821
Other
46,379
Total
62,200
NET INCOME/(EXPENDITURE)
12,092
Transfers between funds
7
(7,347)
Net movement in funds
4,745
RECONCILIATION OF FUNDS
Total funds brought forward
2,351
TOTAL FUNDS CARRIED FORWARD
7,096		 Restricted
funds
£
144,522
123,395
1,444
124,839
19,683
7,347
27,030
23,758
50,788		 31.10.23
31.10.22
Total
Total
funds
funds
£
£
218,814
151,323
139,216
113,670
47,823
48,866
187,039
162,536
31,775
(11,213)
-
-
31,775
(11,213)
26,109
37,322
57,884
26,109

The notes form part of these financial statements

Page 4

African Adventures Foundation

Balance Sheet 31 October 2023

31.10.23 31.10.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 5 4,400 - 4,400 -
Cash at bank 4,105 50,788 54,893 27,391
8,505 50,788 59,293 27,391
CREDITORS
Amounts falling due within one year 6 (1,409) - (1,409) (1,282)
NET CURRENT ASSETS 7,096 50,788 57,884 26,109
TOTAL ASSETS LESS CURRENT
LIABILITIES 7,096 50,788 57,884 26,109
NET ASSETS 7,096 50,788 57,884 26,109
FUNDS 7
Unrestricted funds 7,096 2,351
Restricted funds 50,788 23,758
TOTAL FUNDS 57,884 26,109

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

==> picture [169 x 50] intentionally omitted <==

............................................. 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 2023

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 2023

2. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Other resources expended 47,823

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 2023 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 2023 nor for the year ended 31 October 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
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		 Total
funds
£
151,323
113,670
48,866
162,536
(11,213)
37,322
26,109

continued...

Page 7

African Adventures Foundation

Notes to the Financial Statements - continued for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade debtors 4,400 -
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade creditors (1) -
Other creditors 1,410 1,282
1,409 1,282
7. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1.11.22 in funds funds 31.10.23
£ £ £ £
Unrestricted funds
General fund 2,351 11,558 (7,066) 6,843
Project Funding - Kenya Unrestricted - (526) 526 -
Project Funding - Ghana Unrestricted - (363) 363 -
Gift Aid - Unrestricted - 1,423 (1,170) 253
2,351 12,092 (7,347) 7,096
Restricted funds
Project Funding - Kenya Restricted - (23,948) 32,529 8,581
General Fund - Restricted 494 17,979 (15,239) 3,234
Project Funding - Ghana Restricted 7,417 31,811 (5,694) 33,534
Zanzibar Restricted 15,847 (6,159) (4,249) 5,439
23,758 19,683 7,347 50,788
TOTAL FUNDS 26,109 31,775 - 57,884

continued...

Page 8

African Adventures Foundation

Notes to the Financial Statements - continued for the Year Ended 31 October 2023

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Project Funding - Kenya Unrestricted
Project Funding - Ghana Unrestricted
Gift Aid - Unrestricted
Restricted funds
Project Funding - Kenya Restricted
General Fund - Restricted
Project Funding - Ghana Restricted
Zanzibar Restricted
TOTAL FUNDS
Comparatives for movement in funds
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		 At
1.11.21
£
10,146
5,916
-
333
384
16,779
5,925
-
455
14,163
20,543
37,322		 Incoming
resources
£
72,849
20
-
1,423
74,292
32,387
33,604
38,221
40,310
144,522
218,814
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)		 Resources
Movement
expended
in funds
£
£
(61,291)
11,558
(546)
(526)
(363)
(363)
-
1,423
(62,200)
12,092
(56,335)
(23,948)
(15,625)
17,979
(6,410)
31,811
(46,469)
(6,159)
(124,839)
19,683
(187,039)
31,775
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

continued...

Page 9

African Adventures Foundation

Notes to the Financial Statements - continued for the Year Ended 31 October 2023

7. MOVEMENT IN FUNDS - continued

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 - Zanzibar Unrestricted
Gift Aid - Unrestricted
Restricted funds
Project Funding - Kenya Restricted
General Fund - Restricted
Project Funding - Ghana Restricted
Zanzibar Restricted
TOTAL FUNDS		 Incoming
resources
£
78,910
14,075
-
-
2,321
95,306
13,712
4,839
8,617
28,849
56,017
151,323		 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)

8. 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 (2022: £800). 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 £400 (2022: £201). Donations were not made to infer any form of benefit to Daniel Mew.

continued...

Page 10

African Adventures Foundation

Notes to the Financial Statements - continued for the Year Ended 31 October 2023

9. 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.

Page 11

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
Support costs
Governance costs
Support costs
Donated services
Accountancy and legal fees
Total resources expended
Net income/(expenditure)		 Detailed Statement of Financial Activities
for the Year Ended 31 October 2023
31.10.23
31.10.22
£
£
173,814
106,323
45,000
45,000
218,814
151,323
218,814
151,323
137,934
111,377
1,282
2,293
139,216
113,670
1,413
1,624
45,000
45,000
1,410
2,242
47,823
48,866
187,039
162,536
31,775
(11,213)

This page does not form part of the statutory financial statements

Page 12