REGISTERED CHARITY NUMBER: 1153654
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2020
for
Watling Ubuntu Foundation
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Watling Ubuntu Foundation
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Watling Ubuntu Foundation
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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).
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
1153654
Principal address
6 Manwood Almshouse St Stephens Green Canterbury Kent CT2 7AA
Trustees
J S Telfer D Orji Ms C Lloyd Ms P Ghosh
Independent Examiner
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J S Telfer - Trustee
continued...
Independent Examiner's Report to the Trustees of Watling Ubuntu Foundation
Independent examiner's report to the trustees of Watling Ubuntu Foundation
I report to the charity trustees on my examination of the accounts of Watling Ubuntu Foundation (the Trust) for the year ended 31 December 2020.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A.K & Co (Accountancy Services) Limited ACCA A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Date: .............................................
continued...
Watling Ubuntu Foundation
Statement of Financial Activities
for the Year Ended 31 December 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,644 EXPENDITURE ON Raising funds 2 7,181 NET INCOME/(EXPENDITURE) (3,537) RECONCILIATION OF FUNDS Total funds brought forward 14,957 TOTAL FUNDS CARRIED FORWARD 11,420 |
2019 Total funds £ 8,351 8,231 |
|---|---|
| 120 14,837 |
|
| 14,957 |
The notes form part of these financial statements
continued...
Watling Ubuntu Foundation
Balance Sheet
31 December 2020
| 2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 2,179 CURRENT ASSETS Debtors 6 4,339 Cash at bank 4,901 9,240 CREDITORS Amounts falling due within one year 7 1 NET CURRENT ASSETS 9,241 TOTAL ASSETS LESS CURRENT LIABILITIES 11,420 NET ASSETS 11,420 FUNDS 8 Unrestricted funds 11,420 TOTAL FUNDS 11,420 |
2019 Total funds £ 787 6,000 8,170 |
|---|---|
| 14,170 - |
|
| 14,170 | |
| 14,957 | |
| 14,957 | |
| 14,957 | |
| 14,957 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J S Telfer - Trustee
The notes form part of these financial statements
continued...
Watling Ubuntu Foundation
Notes to the Financial Statements
for the Year Ended 31 December 2020
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Support costs | 7,181 | 8,231 |
continued...
Watling Ubuntu Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 8,351 |
| EXPENDITURE ON | |
| Raising funds | 8,231 |
| NET INCOME | 120 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 14,837 |
| TOTAL FUNDS CARRIED FORWARD | 14,957 |
5.
TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Fixtures | |||
| and | Computer | ||
| fittings | equipment | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 January 2020 | 3,000 | 1,000 | 4,000 |
| Additions | 1,000 | 1,000 | 2,000 |
| At 31 December 2020 | 4,000 | 2,000 | 6,000 |
| DEPRECIATION | |||
| At 1 January 2020 | 2,213 | 1,000 | 3,213 |
| Charge for year | 358 | 250 | 608 |
| At 31 December 2020 | 2,571 | 1,250 | 3,821 |
| NET BOOK VALUE | |||
| At 31 December 2020 | 1,429 | 750 | 2,179 |
| At 31 December 2019 | 787 | - | 787 |
continued...
Watling Ubuntu Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Trade debtors | 4,339 | 6,000 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Trade creditors | (1) | - | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,957 | (3,537) | 11,420 | |
| TOTAL FUNDS | 14,957 | (3,537) | 11,420 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 3,644 | (7,181) | (3,537) | |
| TOTAL FUNDS | 3,644 | (7,181) | (3,537) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.19 | in funds | 31.12.19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,837 | 120 | 14,957 | |
| TOTAL FUNDS | 14,837 | 120 | 14,957 |
continued...
Watling Ubuntu Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,351 | (8,231) | 120 |
| TOTAL FUNDS | 8,351 | (8,231) | 120 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,837 | (3,417) | 11,420 |
| TOTAL FUNDS | 14,837 | (3,417) | 11,420 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,995 | (15,412) | (3,417) |
| TOTAL FUNDS | 11,995 | (15,412) | (3,417) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
continued...
Watling Ubuntu Foundation
| INCOME AND ENDOWMENTS Donations and legacies Donations Received Total incoming resources EXPENDITURE Support costs Management Insurance Postage and stationery Office rent Fixtures and fittings Computer equipment Information technology Website costs Networking costs Human resources Wages Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2020 2020 2019 £ £ 3,644 8,351 3,644 8,351 236 258 8 23 4,800 3,888 357 197 250 - 5,651 4,366 345 345 35 70 380 415 900 3,200 250 250 7,181 8,231 (3,537) 120 |
Detailed Statement of Financial Activities for the Year Ended 31 December 2020 2020 2019 £ £ 3,644 8,351 3,644 8,351 236 258 8 23 4,800 3,888 357 197 250 - 5,651 4,366 345 345 35 70 380 415 900 3,200 250 250 7,181 8,231 (3,537) 120 |
|---|---|---|
| 8,351 258 23 3,888 197 - |
||
| 4,366 345 70 |
||
| 415 3,200 250 |
||
| 8,231 | ||
| 120 |
This page does not form part of the statutory financial statements
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