**DRAFT** ## **THE MICHAEL PROJECT UK** ## **REPORT & ACCOUNTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** **DRAFT** ## **THE MICHAEL PROJECT UK LEGAL & ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Registered Charity** 1156737 **Contact Address** Miss J A Edwards 67 Glendower Crescent Orpington BR6 0UP **Governing Document** Declaration of Trust dated 03/06/2013 **Trustees** **Bankers** Mr D R H Lodge Miss J A Edwards Mr R J Wilkinson Barclays Bank PLC Leicester LE87 2BB **Independent Examiner** Robert Williams Robert Williams 26 Lancet Lane 26 Lancet Lane Maidstone Maidstone KentKent ## **INDEX** **Page 1** Legal & Administrative Details **Page 2-3** Trustees' Report **Page 4** Independent Examiner's Report **Page 5** Receipts and Payments Account **Page 6** Statement of Assets and Liabilities **Page 7** Notes to the Accounts Page 1 **DRAFT** # **THE MICHAEL PROJECT UK REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees present the Report and Accounts for the year ended 31 December 2021. ## **CHARITABLE OBJECTS** The Michael Project UK is the UK organisation that supports The Michael Project Zimbabwe, (whose projects include Chikurubi, Wingate and Greystone Park pre-school centres), the River of Life Church, (whose projects include Shalom Children's Home), and The Crossover Project. These Zimbabwean organisations seek to provide education, accommodation and Christian teaching for children, many of whom are considered to be at risk. These organisations are also actively engaged in the relief of poverty for those children and their families. Within the Objects of the Trust, the specific objectives of The Michael Project UK are to: promote the work of The Michael Project Zimbabwe, River of Life Church and The Crossover Project in Zimbabwe; raise funds in the UK in support of these organisations; make grants to these organisations as needed. The trustees seek to ensure that the vast majority of general donations given are forwarded to Zimbabwe with minimum UK expenditure incurred. UK expenditure is restricted to governance and administration costs consisting primarily of bank charges and the costs of preparing and independently examining the annual accounts. ## **ORGANISATION** The trustees currently meet on an occasional basis to set policy, review activities and monitor the financial situation. ## **REVIEW OF ACTIVITIES** To further it’s charitable objectives, the trustees sent £53,150 to Zimbabwe during the year. £28,150 was transferred to the River of Life Church for Shalom Children’s Home, £23,000 was transferred to the Michael Project Zimbabwe with a further £2,000 being transferred the Crossover Project. One of the trustees visited Zimbabwe during the year which aided the oversight of the work for which grants were provided. In considering the activities of the charity the trustees have had regard to the guidance of the Charity Commission on public benefit. ## **FINANCIAL REVIEW** Receipts for the year of £48,871 (2019: £41,342) being £7,529 more than 2020. Total expenses for the year were £53,663 (2020 : £15,410) of which £53,150 was paid in grants as set out in note 2 to the accounts. At the end of the year, cash funds stood at £40,741 (2020 : £45,533), which the trustees intend to send to Zimbabwe during 2022. Page 2 **DRAFT** ## **RESERVES** With only limited UK operational expenditure, the trustees do not consider a formal reserves policy to be necessary. At the end of the year the charity had fund balances of £40,741 compared to £45,533 the previous year. The balance in the main account was regularly sent to Zimbabwe usually in tranches of around £15,000 - £25,000. ## **RISK STATEMENT** The trustees have examined the major risks that the charity faces. These are predominantly financial (shortfall of funds and fraud). Controls are in place to address the risk of financial misappropriation and the charity’s accounts cannot be overdrawn. ## **TRUSTEES’ RESPONSIBILITIES** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. The accounts were approved by the trustees and signed on their behalf on 2022. 31 October 2022 D Lodge Trustee Page 3 ## ## ## ## **THE MICHAEL PROJECT UK RECEIPTS & PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ||||**DRAFT**| |---|---|---|---| |||2021|2020| ||||| ||Notes|£|£| ||**Receipts**|48,871
48,871
53,663
**53,663**
**(4,792)**
**45,533**
**40,741**|| ||||| ||_Voluntary receipts_
Grants & gifts received
**Total Receipts**
**Payments**
Direct Charitable Costs
2
Net Receipts/(Payments)
Balances 1 January
**Balances 31 December**||| ||||| ||||41,342| ||||| ||||41,342| ||||| ||||| ||||| ||||15,410| ||||| ||||**15,410**| ||||| ||||**25,932**| ||||| ||||**19,601**| ||||| ||||| ||||**45,533**| ||||| ||||| The notes on page 7 form part of these accounts. Page 5 ## **THE MICHAEL PROJECT UK STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021** |||**DRAFT**| |---|---|---| |||2021
2020| ||Notes|| ||**Bank & Cash Balances**|£
£| ||Held at Bank
4
**Other Assets & Liabilities**
_Assets_
Grants due from Stewardship
_Liabilities_
Unbilled fee for Independent Examination|40,741
45,533| |||| |||| |||**40,741**
**45,533**| |||| |||| |||| |||| |||**-**
**-**| |||**-**
**-**| |||| |||**50**
**50**| |||**50**
**50**| |||| The accounts were approved by the trustees on 2022 and signed on their 31 October 2022 behalf by: D Lodge The notes on page 7 form part of these accounts. Page 6 ## **THE MICHAEL PROJECT UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** **DRAFT** ## **1 Accounting Policies** The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities. |**2 Charitable Activities**
a
Direct Charitable Costs
Grants Paid
The Michael Project Zimbabwe
River of Life Church Zimbabwe
The Crossover Project Zimbabwe
b
Support & Administration
Bank Charges
Independent Examination fee
Website costs
Combined charitable activity cost|General
Funds|2021|2020| |---|---|---|---| ||£|£|£| ||23,000
28,150
2,000|23,000
28,150
2,000
**53,150**
467
-
46
513
**53,663**|-
15,004
-| ||||| ||||| ||**53,150**||**15,004**| ||467
-
46
513
**53,663**||396
-
10| ||||406| ||||| ||||**15,410**| ## **3 Staff & Trustees** The Trust had no employees during the year No amounts were paid or are due to be paid to any trustee or to any person connected to them apart from reimbursed expenses. |**4 Cash At Bank Balances**
Barclays Community Account
PayPal Account|2021|2020| |---|---|---| ||£|£| ||40,111
630
**40,741**|| |||31,506| |||14,027| |||| |||| |||**45,533**| Page 7