f'S¢14 FISCH (A company lirnited by guarantee) Report and Flnanclal Ststements for l February 202( 31 January 2021 Charlty number 1159350 Company number 8845866 Future for Irlnga Street Children
Trustee Report and Financlal Statements Yearended 31January 2021 FISCH (A company limited by gu3r3ntee) Trustees, Report and Flnancial Statements For the Year Ended 31 January 2021 Page Contents Reference and Administrative Detalls Trustees, Report Independent Examinerfs Report 19 ststernent of Financial Activities (Incorporating the Income and expenditure account) 21 22 Balance Sheet Notes to the Financlal Statements 23
Trustee Report and Financial Statements Yearended 31January 2021 Reference and Administrative Detalls Charity Name: FISCH Charity re8iStration number: 1159350 Company re8iStration number: 8845866 Reglstered Office and operational address: 58 Frog Grove Lane Guildford Surrey GU3 3HA Dlrectorsftrustees Mr M Gercke Mr R Gercke (Chairl Mrs P Ingledow Mr R Ma8uire Mrs S Ma8uire Mrs J Oliver Iretlred 6th Jan 2021) lappolnted 2nd July 20201 (retired 22nd June 20201 Bankers Natlonal Westminster Bank PIC 151 High Street Guildford Surrey GUI 3AH
Trusree Report and Financial Ststements Yearended 31 January 2021 Trustees, Report The Trustees present the Trustees, report and financial statements for the year ended 31 January 2021. Objertlves and artlvltles Purposes and Aim5 The charitys purposes as set out in the object5 contained in the company's artlcles of association are: To relieve poverty To preserve and protect good health To advance educatlon To advance in Ilfe and relleve needs of young people throu8h: The provlsion of recreational and leisure tlme actlvltles provided In the Interest of social welfare designed to improve their conditions of life. and Providing support and actlvltles whlch develop their skills, capacities and capabilitles to enable them to participate in society as mature and responsible Individuals. The aims of the charity are to reduce the levels of poverty among youn8 people, particularly. but not limited to, children In Tanzani3, through the provislon of physlcal, educational and social care. These aims fully reflect the purposes that the charlty was set up to pursue. Ensurlng our work dellvers our oirns WÈ review our aims, objectives and actlvltles regularly on an ongoing basls. This review looks at what we have achieved and the outcomes of our work in the previous 12 months. The review considers the success of each key activity and the benefit5 they have brou8ht to those groups of people we are set up to help. The review also helps us to ensure our aims, objectives and activities remain focused on our stated purposes. We have referred to the 8uidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In partlcular. the
f',Slll Trustee Report and Financial Statements Yearended 31January 2021 Trustees have considered how planned activities contribute to the aims and objectives set and are satisfied that they have done so. Thefocus of our work The maln objertive for the year was to continue to support Future for Iringa Street Children In Tanzania. who identify and support young people within this community who suffer through lack of shelter. food or education, and to help them in line with the aims of the charity. This has been achleved through the on80in8 financial support of Future for Iringa Street Chlldren In Tanzania. During the year we have communicated thelr specific activities to our SUPPOrters via newsletters, social media and our website. These activitles include: Acilvlties addr In hort term needs: Identiflcatlon of young people suffering from lack of shelter, food or educatlon within the Iringa region Provision of food throu8h the weekly Saturday feedlng project, dally Breakfast Club and re8ular food parcels Provision of clothlng Provlslon of safe temporary accommodation Provision of a 'drop in centre, located within Irin8a Provision of basic medical first aid and medicines Actlvlties addressin medium term needs: Provision of education through school and unlversity fee payments, and opportunity to attend additional afternoon classes held at the Future for Iringa Street Children drop in centre Provislon of school uniform and equipment Support to attain vocational skills through provision of sewlng tuition, and other qualifications such as driving licences. carpentry and mechanic training. Rehabilitation into accommodation with relatives or foster families On-80in8 soclal and health education Provision of soclal needs through FISCH football club, FISCH Church, bl-weekly semlnars and monthly youth clubs. Activities addressin lon term needs: Identificatlon of employment opportunities and 5UPPOrt to become self-sufficlent including micro-finance.
Trustee Report and Financlal Statements Year ended 31 January 2021 How our artlvitie5 dellver public beneflt Our main attivities and who we try to help are described above. All our charitable artivities focu5 on the relief of poverty amongst children and youn8 adults. and are undertaken to further our charitable purposes for the public benefit. The Trustees have noted section 17(51 of the Charities Act 2011 to have due regard to public benefit SUIdan publlshed bythe Charity Commission. The role of volunteers There are no paid employees and no Trustees recelve any renumeratlon for thelr services. Volunteers make a significant contribution to the running of the charity, provding services such as raising awareness, creatin8 newsletters, communicatin8 Wtth sponsors and supporters, as well as accounting and spending oversi8ht. Achlevements and Performance Durin8 the year we have continued to support the work of Future for Iringa Street Chlldren In Tanzania. Import of Covld 19.. There is Ilmited official data on the impatt of C.19 on Tanzania. However, to date there have been no cases within the staff or chlldren of Future for Irin8a Street Children In Tanzania. For at least three months of the financial year the Tanzanian Govemment introduced restrictions on social gatherings and educational activities. This resulted in some of the programmes we support being temporarily suspended. However, all the programmes resumed once the restrictions were lifted. Financially, the initial Impact on our income was an increase in one off donations. which enabled us to increase grants to Future for lringa Street Children in Tanzania, and offset the Costs associated with adapting their programmes to contlnue to support vulnerable children in this new context. We have increased spending on medical support. hy8iene education and clean water provision, a5 well as providing an additional food parcel relief programme to offset the econornic hardship felt by some of the vulnerable families withln the Future for Iringa Street Children community as a result of the local restrictions earlier in the year. We will continue to review how best we can respond to the changin8 Situation within Tanzania.
fi%14 Trustee Report and Financial Statements Yearended 31January 2021 Provision offood.. During the financial year we increased spending on food by 46% to approximately 57.2m tsh / c. £18,50012020: 39.2m tsh / c.£13,CQOI. Thls was achieved through food provision such as a daily breakfast for children sleeping on the streets, weekly meals at the Saturday Clubs and Sunday Church. monthly food packages, regular meals at the educational support classes and food provlslon for chlldren in the safe temporary accommodation at the drop In centre. In addition to this, as a response to the Increased economlc hardship wtthin the community s a result of Covid 19 restrictions in the year, we provided over IOM tsh I c £3,200 on erner8ency food parcel relief. This accounted for approximately 25% of the Increase In overall spending on food provlsion in the year. The remainin8 increase has largely been caused by the full year impact of a greater number of food parcel sponsorships, which consolidated during the year, before a period of growth th again p05t year end. This pro8ramme is into its 5 year, provin8 to be extremely effectlve at addressing one of the root causes for children taking to the streets in Iringa. The programme Is leadlng to a slgniflcant improvement in health, both physically and mentally for a number of children. as well as significantly improving the chances of a child achieving higher educational results. Number of food parcel sponsorships 40 35 37 3S 30 25 23 20 15 io 2017 201B 2019 2020 2Q21
Trustee Report and Financlal Statements Yearended 31 January 2021 Shelter.- One of the core objectives of the charity is to preserve and protect good health. and one of the ways in which this is achieved is through the provision of shelter. The charity h3S supported Future for Iringa Street Children in Tanzania to achieve this through the provision of safe temporary accommodation at the Drop in Centre, and the rehabilitation of the children who live there into accommodation with relative5 or foster families. In the past financial year overall spending on thls remained flat at 3.6m t5h / £1,160, {2020 3.5m tsh / £1.160). The maln reason for this was a perlod of inactivity for the short term accommodation for a few month5 as a result of local Government restrictions to prevent the risk of Covid 19. Despite thi5, during the year a further 17 children12020- 15) passed through the short term accommodation and have been supported back to living with families. Thi5 is a significant step for these children, removing the risks a55ociated with 51eeplng on the streets, and increases their chances of rehabilitation into soclety. Educatlon sUPPOrt.' Edutatlonal support can broadly be split into three areas: Primary & Secondary, Vocational, and Further Education. We have seen 8rowth in spendin8 and provision in all of these areas as the chart below demonstrates". Education Spending (million tshl PrlmarylSeLonilary Furtlier Educatlon Vncatlonal 30 2S 20 15 io 2019 2020 2021
Trustee Report and Financial Statements Year ended 31 January 2021 Approximately 58.3m tsh 1 £18.80012020: 33.5mtsh / £II.1001 was spent on tuition fee5, unrforms and other school equipment to enable a large number of children to attend school, university and other vocational training such as driving school and sewin8 tuition. The increase from the prior year is 3 result of more chlldren being accepted to Universities, and growth in the provislon of uniform and stationery for children in Primary and Secondary school5. Prlmory/Secondary Whilst prlmary and secondary government schools are now free in Tanzania, unlform and stationery remain a significant barrier to entry for many of the poorest children, Includin8 those registered at FISCH. In response to this, last year we established a Specific Uniform and Statlonery Fund, whereby supporters can speclflcally support thls cause. Thi5 initiatlve has continued to grow this year, and at the beglnnin8 of the new school year uniform and statlonery was provided to over 200 children attending primary and secondary schools. Thi5 was a slgnlficant achievement, and we intend to continue to promote this need in future years. Vott7tlonal Tmlnlno Where appropriate we continue to support chlldren Into vocational training courses, Most of these courses are provided by college Instltutes, but the sewln8 tralning is condurted on site at the FISCH Drop in Centre. This has proved successful in past years and led to two children setting up thelr own business. In the current year all vocatlonal training was paused for a period by the Tanzanian authorities to reduce the risk of Covid 19. The restrirtions were fully lifted mid-way through the year, and FISCH was able to fund courses for 7 students, In addition to the in-house Sewlng Training provided at Future for Iringa Street Children. FISCH Sewing Training restarted after the restrictions and has 7 students workin8 towards qualification as tailors.
io Trustee Report and Financial Statements Yearended 31January 2021 Further Education We are delighted that in the current year, eight additional children were accepted Into University, and one student graduated with a First Class Dlploma In Clinical Medicine. Thls brlngs the total number beln8 SUPPOrted at Unlversity and further educatlon to thlrteen, seven of which were fully sponsored at year end. This is a significant achievement for these children given the many challenges an individual from such circumstances must overcome. Further education Students Supported In Further Educatlon Number fully Sponsored 14 13 12 io 2018 201() 2U21 With more and more children being accepted into Higher Education, one of our aims for the year was to grow fundin8 to support the antlcipated growth in this area. In the year endin8 31 Jan 2020 we launched an Educatlon Fund and are delighted that in the current year the total number of sponsorshlps grew to seven children. We hope to continue to 8row funding for this area as more children qualify for college and university in future years.
li Trustee Report and Financial Ststements Yearended 31January 2021 Social clubs One of the activities used to aid re-habilitation and promote value5 such as team-work, leadership and a common goal, is football. Last year FISCH Utd formally applied and was accepted to be recognized as an official football club within Tanzania. There ha5 always been a stron8 interest in this actlvity amongst many of the chlldren registered at FISCH, and many friendly matches have been played over the years with local teams. Early in 20121 FISCH Utd was able to compete in a local cup competition and has been invSted to make this an annual event. Micro-flnunce.. At the beglnning of year we provided support to three graduates of the FISCH Sewing Trainin8 to launch a joint sewing business. Unfortunately the success of this business was heavily imparted by the reductlon in trade caused by the closure of educational institution5 for part of the year. We are continuing to provide financial support for the business wh115t we assess its long-term sustainability. Bullding of 'Drop-In' centre.. In 2017, Future for Irlnga Street Chlldren In Tanzania completed the purchase of land, and designed architectural plans for the bullding of a new drop In centre In Irin8a. The intention was to build a centre on thls land, which will be used to continue providlng these cruclal services to vulnerable chlldren in the Irln8a area. The first building at this new centre was completed in 2019 and has been in use ever slnce as the administration centre. Work has continued in the last two years on the development of designs for a second bullding on this slte, and it is hoped that bullding work will commence within 2021. This second building will provide kitchen5. additioinal toilet facilities and a multi-purpose hall area. which will enable a number of the daily and weekly programs, such as the breakfast club and Saturday feeding project, to take place at this centre. The Trustees are grateful for the generous funding being provided to make this possible. Purchase of londforrehabilitation and vocational tmining centre.. During the year we supported the purchase of 9 acre5 of land by Future for Iringa Street Children in Tanzania for the purpose of building a rehabilitation and vocational training centre in the future.
f',S¢l4 12 Trustee Report and Financial Statements Year ended 31 January 2021 This is a long term objectlve for the organization, and will be completed in stages as funding becomes available.
13 Trustee Report and Financlal Ststements Yearended 31January 2021 Finandal Revlew During the financial year, donations to FISCH increased by 56% to £94,917 {2020: £60.728) whilst expendtture grew to £87,08112020: £48,414.) which has led to an minor increase in funds carrled forward to £34,914. Income/Expenditure (£} 100.000 94,917 90.OaO 87.081 80,000 70,000 60,728 60,0110 so,000 48,414 44.736 Income14 FxpendSiure l£} 40,000 3S,253 30,OOU 20.000 10,000 kll Yoar ondln8 lan 2019 Year endlng lan 2020 Year endln% lan 2021 The continued rise in income Is a reflection of the growing success of the volunteers wlthln the Charity to publicise the good work being performed. and the causes we are championing with a growin8 network, whi15t building on the foundatlons and reputatlon establlshed in previous years. Grovrth In established Initiatives such as food parcel sponsorshlp, has been complemented by the success of newer Initiatives such as the education fund or the unlform and stationery fund, and the recent Introduction of the FISCH Utd football fund. The growth is also a reflection of the structure wtthin the UK team of volunteers, Introduced in recent years, wlth different members championin8 different causes & programmes acr055 a larger network of supporters. This has led to significant growth In restrirted income funds reflecting the success of a deliberate strategy by the Trustees to promote giving to specific causes, and to build up various restricted reserves ready to support those specific known programmes and meet the a5SOClated expenses that will occur in the year ahead. An example of this is the education fund, which supporters are encouraged to donate to throughout the year, so that fund5 are available when tuktion fees need to be paid.
f',S¢14 14 Trustee Report and Financial Statements Yearended 31 January 2021 Su5tainobility of income.. Total regular income £'s 35,000 33.197 30.OOa 27,800 25,000 20,QOO 16.980 15,000 11.430 10.000 s,000 Year ending lan 2018 Year eii(15ng lan 2019 Year endliig lan 2020 Ycnr Liidln81¥Th 2Q21 'Note figures do not Include allocation of the year end 8ift aid debtor. Regular Income has contlnued to grow year on year, reflectin8 the underlying succe55 and strength that FISCH has with a growing core base of supporters. The spllt between one off Income and regular Income moved slgnlflcantly In favour of one off income, largely as a result of donations received to help us respond to the impact of C.19, and for one off items such as the purchase of land for a Rehabilitation and Vocational Trainin8 Centre. % of Income Year endin8 Jan 2021 Year endlng Jan 2020 Year endingjan 2019 Year ending Jan 2018 One off income 65% 51% 46% 66% Regular monthly income 35% 49% 54% 34% The Trustees will contlnue to seek growth in the proportion of regular monthly income in the forthcoming year as the basi5 for sustainable growth.
15 Trustee Report and Financial Statements Yearended 31 January 2021 Plan5 for Future Periods The charity plans to continue to financialSy support the work of Future for Iringa Street Children in Tanzania in the forthcoming years subject to satisfactory funding arrangement5. The Trustees will continue to seek an increase in donations, in order to sustaln an expected increase in underlying expendtture as a result of growth in the provision of the programme5 in Tanzania, such as the expansion of food parcels, education support, short term shelter and social clubs. It is hoped that the number of volunteers in the UK wlll Increase to support the growth In publlcity and financial donations required to sustain the higher levels of activity achieved in the current year. The Trustees will continue to pursue an increase in the percentage of regular donations in order to further secure the lon8 term grovrth of the varlous activitles performed by Futu for Iringa Street Children in Tanzania. We wlll contlnue to 5UPPOrt the buildin8 work of the second buildin8 at the new drop In centre, and It is hoped thls will commence in 2021122. We also hope to contlnue to explore the feasiblllty of building a vocational trainlng centre and medlum term accommodation as part of increasing the provision of care to vulnerable children In Irlnga, Tanzanla. Reserves Pollcv The Trustees have examined the charity's requirements for reserves in light of the main rlsks to the organisation. We have established a policy whereby the unrestricted fund5 not committed or invested in tangible fixed assets held by the charlty should be between 3 and 6 months of the unrestricted expendlture. The reserves are needed to meet the working capital requirements of the charity and the Trustees are confident that at thi5 level they would be able to continue the current activities of the charity in the event of a si8nificant drop in funding. At the year end unrestricted reserves were £13,338 {2020- 13,2811, against a target for 2020121 of between £10,000 and £20,000 in general funds. The surplus in unrestricted ncome In the current year has led to a minor increase in unrestricted reserves to a level within the range which the Trustees feel is required for the Charity at this stage. In the short term the Trustees have also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.
fi%¥1 16 Trustee Report and Financial Statements Yearended 31 January 2021 Structure, Governan and Management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 15th January 2014 and re8iStered as a charity on 25th November 2014. The company was established and is governed by its Articles of Association, which established the objects and powers of the charitable company, In the event of the company being wound up members are required to contribute an amount not exceeding £10. Recrultment and Appolntment of Trustees and Dirertors The Dlrettors of the company are a150 charlty Trustees for the purposes of charity law and under the companvs Articles are known as the members. Under the requlrements of the Artlcles of Association the membersnrustees are elected to serve for a maximum of two consecutlve terms of three years followin8 their first appointment, and followlng which no outgoing Trustee shall be eliglble for re-election for a period of twelve months following the retirement. After the first Annual General Meetln& on an annual basis at least one-third of the Trustees must retire from office. During the year tvrfo Trustees retlred after completion of the5r terms, in line wlth the policy set out above. All Dlrectors and Trustees 8lve their time voluntarily and receive no benefits from the charity, No expenses were reclalmed from the charlty durin8 the year. Orgonisationalstructure The FISCH Trustees meet regularly and are responsible for the strate8lc direttlon and policies of the charlty. At present the Trustees have members from a variety of professional backgrounds relevant to the work of the charity. Reloted Parties The Trustees confirm that there are no related party relationships at present, and that no related party relationshlps or transactions occurred during the year.
17 Trustee Report and Financial Statements Yearended 31January 2021 Account Preparatlon The financial statements have been prepared in èccordance with the accounting policies set out in the Notes to the Accounts and comply with the charity'$ 8overnin8 document. the Charitles Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢Sal Reporting Standard for Smaller Entitles published on 16 July 2014. In accordance wlth the requlrements of the Charlties Act we are requlred to obtaln an Independent Examlners report. Refer to pa8e 19. For the year ending 31st January 2021, the company was ent5tled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. and the members have not requlred the companyto obtaln an audit of its accounts for the period In question In accordance wlth section 476. The Trustees acknowledge thelr responsibllities for complyin8 with the requirements of the Companie5 Act 2006 with respect to accountin8 records and the preparation of accounts. Responslbllltles of the Directors Company law requlres the Dlrectors to prepare financial statements for each financial period which 8ive a true and fair view of the State of the affairs of the charitable company as at the balance sheet date and of its incoming resources and applicatlon of resources, including Income and expenditure, for the flnancial perlod. In preparing those financial statements, the Dlrectors should follow best practice and: select suitable accountin8 policies and then apply them consistently• make ludgements and estimates that are reasonable and prudent; and prepare the financial 5tstements on the golng concern basis unless it Is not appropriate to assume that the companywill continue on that basi5. The Oirectors are responsible for maintaining proper accountin8 records whlch disclose wlth reasonable accuracy at any tlme the financlal position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Direttors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities.
fiSI14 18 Tnjrtee Report and Finantial Statements Year ended 31 January 2021 Declarntion The Trustees declare that they have approved the Trustee5' report above. Signed on behalf of the Board of Trustees Michael G Trustee 20,09.21
19 Trustee Report ènd Financial Ststements Yearended 31January2021 Independent examiner's report on the accounts Independent Examinerfs Report Report to the tru5tees/diTectorsl members ofr. FISCH UK On accounts for the year ended: 31 January 2021 Charlty number: 1159350 Company number: 8845866 Set out on pages: 21- 26 Respertive responsibilities of trustees and examlner The trustees (who are also the directors of the company forthe purposes of company law) are responsible for the preparation o the accounts. The charity's trustees consider that an audit 15 not required for this year under section 144 of the Charltles Act 201 (the Charltles Act) and In accordance wlth Part 16 of the Companles Art 2006 that an independent examination is needei It is my responsibllity to: examlne the accounts under see(lon 145 of the Charltles Act to follow the procedures laid down In the 8eneral Directlons 8iven by the Charity Commission (under sertion 145{51(bl of the Charities Act, and to state whether partlcular matters have come to my attentlon. Basls of Independent examlnerfs ststement My examination was carried out in accordance with general Direction. given by the Charity Commission. An examination include5 a review o the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual items or disclosures in the accounts, and seekin8 explanations from trustees conterninE such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to tho matters set out In the ststement below. Independent examiner's statement In connectlon with my examination, no matter has come to my
20 Trustee Rewrt and Statem Year ended 31 January 20ZI attention to Indiote that: ' accounting records have not been kept in accordance with section 386 of the Companies Art 2(. • the accounts do not actord wlth suth records: • where accounts are Prepared on an accruals basis, whether th fall to comply wlth relevant accountin8 requlrements under Section 396 of the Companies Act 2(K6. or are not conslstent wl the Charities SORP (FR5102) any matter which the examiner believes should be drawn to ttr attention of the aderto 8ain a proper under5tandlng of the accounts. Sltned: pJ/¥ - 12"fj7LL Zozl Plamo: srEf H&J C&rfuToP4Ért Olk6. Ilf afry): f Address: G4KW FL4T 13 41SLe•f P44D IF70fv1 15si UH
¢, 21 Trustee Report and Financial Statements Yearended 31 January 2021 FISCH Icharity number: 1159350, Company number: 88458661 Annual accounts for the period l February 2020- 31 January 2021 Statement of tlnanclal activitles indudln summa Income & ex endlture account Unrnstrlrted funds Restrlcted Income funds Prior year fvnds Total funds Income Incomè from: Donatlons and Le8acles Totsl 34.260 34,260 60,657 60,657 94,917 94.917 60,728 60.728 Expendlture Expendlture on: Ralslng fvnds Charltable actlvltle5 I,oJo 32.887 316 34,203 1.000 85,765 316 87,081 967 47,301 146 48.414 52.878 Other Total 52.878 N•t in¢om• before tax 57 7,779 7,836 12.314 Net Incomel (expendlture) 57 7.779 7,836 12.314 Net movem•nt In funds 57 7,779 7.836 12,314 Recondllatlon of funds Total funds brought forward Total funds carried fonpftrd 13.281 13.338 13.798 21.577 27,079 34.915 14.765 27,079
f',S¢14 22 Trustee Report and Finandal Statements Year ended 31 January 2021 Balance Sheet g Unre5trlcted funds Rtstrkted Income funds Totsl funds Total last year Curyeni assèts Debtors Cash at bank and In hand Total current assets 5,891 7,447 13338 705 20,872 21,577 6,596 28,319 34.915 5,570 21,509 Cfedttors: amounts falllng dye Tttl one year Totsl net assets or Il•bllltles 13,338 21,577 34,915 27.079 Funds of the ChaTIty Regtrlcted income funds Vare5trlcled funds 21,577 21,577 13,338 34,915 13,798 13.281 27,079 13,338 13.338 Total FurKIs 21,577 For the year endln8 31 January 2021, the company was entftled to exemptlon from audlt under section 477 of the Companies Art 2006 relatln8 to small companles. The members have not requlred the company to obtabn an audit in accordance wlth sectlon 476 of the Companies Act 2006, The trustees a£krwIede their responslbS1itles for complylng wlth the requlrements of the Companies Att wtth respert to accounting records anil the preparation of the accounts. These accounts have been preparefj In accordance with the provlslons appllcable to Small companles sublert to the small companles. reglme and in accordance wh FRS102 SORP. St8ned b¥ one trustee on behalf of all trnstee&' SIGNATURE NAME OATE OF APPROVAL Michael Gercke 20.(A.I
23 Trustee Report and Financial Statements Yearended 31January 2021 Note I BAS15 OF PREPARATION Basis of accounting These accounts have been prepared under the historlcal cost convention with Items recognised at cost or transaction value unless othenvise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Ststement of Recommended Practice.. Accounting and Reporting by Choritie5 preparing their accounts In CordanCe with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and wlth the Charltles Act 2011. Golnz Concern The accounts have been prepared on a golng concern basls as the are no known reasons or uncertainties that FISCH wlll not contlnue to operdte over the next 12 months. Changes olAc¢ountlni Polld¢s The accounts present a true and falr vlew and no changes have been made to accounting policies since the prior year. Changes to Accountlng Estlmates No changes to accountin8 estimates have occurred In the reportlng perlod. Note 2 ACCOUNTING POLICIES Income 2.1.1. Recognition of income These are included in the Statement of Financial Activities (SOFA) when: the charity become5 entltled to the resources- It Is more Ilkely than not that the trustees will receSve the resources,, the monetary value can be measured with sufficient reliability 2.1.2 Offsettinq There has been no offsetting of assets and liabilities, or income and expenses, unless required or pemiitted by the FRS 102 SORP or FRS 102. 2.1.3 Gronts ond donations Grants and donations are only included in the SOFA when the general income recognition criteria Bre met
24 Trustee Report and Financial Statements Yearended 31January 2021 2.1.4. Toxrecloims on donations ond glfts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Glft Ald amount recovered on a donatlon is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unle55 the donor or the terms of the appeal have specified otherwise. 2.1.5 Volunteer help The value of any voluntary help ceiVed is not Included In the accounts but 15 described In the trustees, annual report, Expendltvre and Llabllltles 2.2.1 Llability recognltlon abilltles a recognlsed where it is more likely than not that there is a legal or constructlve obli8ation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Assets 2.3.1 Debtors Debtors (including trade debtors and loans receivable) are measured on Initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently4 they are measured at the cash or other conslderation experted to be recelved. Note 3 INCOME UNREStRICWED FUNDS REsniicrED INCOME FUNDS ANALYSIS OF INCOME ENDOWMENT FUNDS TOTAL FUNDS PRIOR YEAR DOnaon$ and Gifts GiftAid Total Donations 28A06 51,924 54A12 Le8ad•s 5,454 34.260 8,733 14,187 94.917 6.316 60.728
f',S¢14 25 Trustee Report and Financial Statements Year ended 31 January 2021 Note 4 EXPENDITURE UNREsfRIrn FUNDS REsfRICTED INCOME FUNDS ANALYSIS OF EXPENDITURE ENDOWMEr FUNDS TOTAL FUNDS PRIOR YEAR Expenditure on raising funds Online donatlon p13tfomi processin fees Funds donated to FISCH Tantania Cost of sendlng funds 967 Expenditure on charltable activitles Other 327 52,878 8S,765 47.301 316 316 146 TOTAL 51878 87.081 48.414 The majorlty of expenditu for both the curreni and prior year periods was on charitable actlvltles. These funds were donated to Future for Iringa street Chlldren In Tanzanla to fund thelr actlvltles. Note 5 DEBTORS AND PREPAYMENTS ANALYSIS OF DEBTORS CURRENTYEAR PRIOR YEAR Gift aid receivable Dgnations made in advance 1.187 5.409 1,292 £5.4k of year-end debtors relates to a donatlon to Future for Iringa Street Children In Tanzanla towards their running costs for QI 2021122 (Feb 21- Apr 211. The remainder relates to the gift aid receivable. as a Su[t of eligible donation5 in the year ended 31 January 2021. Note 6 CASH AT BANKAND IN HAND CURRElff YEAR PRIOR YEAR Cash at bank and in hand 28,319 21,5Q3
26 Trustee Report and Financial Statements Year ended 31 January 2021 Note 7 TRANSACTIONS WITh TRUSTEES AND RELATED PARnES None of the trustees have been paid any remuneration or received any other benefits from the charity or related entity. Furthermore, no trustee expen5e5 have been Incurred. There have been no related party transactlons in the reporting period.