f'sl FISCH {A company limited by guarantee) Report and Financial Statements for l February 2021- 31 January 2022 Charity number 1159350 Company number 8845866 Future for Iringa Street Children f',S¢14 Trustee Report and Financial Statements Yearended 31January2022 FISCH {A company Ilmited by guarantee) Trustees, Report and Financial Statements For the Year Ended 31 January 2022 Contents Page Reference and Administrative Details Trustees, Report Independent Examinerfs Report 19 Statement of Flnancial Activltles {incorporating the Income and expenditure account) 21 Balance Sheet 22 Notes to the FinancSal Statements 23 Trustee Report and Financtal Statements Year ended 31 January 2022 Reference and Adminlstratlve Detalls Charity Name: FISCH Charlty registration number: 1159350 Company re8lStratlon number: 8845866 Registered Office and operational address: 58 Fro8 Grove Lane Gulldford Surrev GU3 3HA DlrectorslTrustees Mr M Gercke Mrs P Ingledow Mr R Maguire Mrs S Magulre Mr R Murphy (retired 121h May 20221 lappolnted 25th November 20211 Bankers Natlonal Westminster Bank PIC 151 High Street Guildford Surrey GUI 3AH Trustee Report and Financial Statements Year ended 31 January 2022 Trustees, Report The Trustees present the Trustees. report and financial statements for the year ended 31 January 2022. Objettlves and artlvlties Purpose5 0ndAim5 The charl￿5 purposes as set out in the objects contained in the companWs artlcles of ssociation are: To relieve poverty To preserve and protect Bood health To advance educatlon To advance in life and relieve needs of young people through: The provision of recreational and leisure tirne artlvlties provided In the Interest of soclal welfare deslgned to Improve their conditions of life; and o Providln8 SUPPOrt and actlvltles which develop thelr skllls, capacltles and capabilities to enable them to participate in society as mature and responslble indlviduals. The alms of the charity are to reduce the levels of poverty among young people, partScularly. but not limited to, children in Tanzania, through the provision of physical. educational and social care. These aims fully reflect the purposes that the charity was set up to pursue. Ensuring our work delivers our olms We review our aims, objectives and activrties regularly on an on80ing basis. This review looks at what we have achieved and the outcomes of our work in the previous 12 month5. The review considers the success of each key activity and the benefit5 they have brought 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 guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in plannin8 our future activities. In particular, the f',s¢i4 Trustee Report and Financial Staternents Year ended 31 lanuary2022 Trustees have considered how planned activities contribute to the aims and objective5 set and are satisfied that they have done so. Thefvcus of our work The main objectlve for the year was to contlnue to support Future for Iringa Street Children In Tanzania, who Identify and support young people withln thls communlty who suffer through lack of shelter, food or education. and to help them in line with the aims of the charlty. This has been achleved through the ongoing financial support of Future for Irin8a Street Chlldren In Tanzanla. Durlng the year we have communicated their speclflc activitles to our supporters vla newsletters, social media and our website. These activities Include: Activities addressin short term needs: Identification of youn8 people sufferlng from lack of shelter, food or educatlon within the Irin8a re8ion Provision of food through the weekly Saturday feeding project, dally Breakfast & Lunch Club and regular food parcels Provision of clothin8 Provlsion ofsafe temporary accommodatlon Provlsion of a 'drop In centre, located wlthin Irin8a Provision of basic medical first aid and medicines Activiti ressin medium term n eds: Provision of education through school and university fee payments, and opportunlty to attend additional afternoon classes held at the Future for Irlnga Street Children drop in centre Provision of school unlform and equipment Support to attain vocational skills through provision of sewing tuition, and other tralning course5, such as drlvlng licences, carpentry and mechanic trainin8. Rehabilitatlon into accommodation with relatives or foster families On-going social and health education Provision of social needs through FISCH football club, FISCH Church, bi-weekly seminars and monthly youth clubs. Activities addressin lon terni needs- Identification of employment opportunlties and support to become 5elf-sufficlent Including micro-finance. Trustee Report and Financial Statements Yearended 31January2022 How our artlvltles deliver publlc benefit Our main activities and who we try to help are described above. All our charitable activities focu5 on the rellef of poverty amongst children and young adults. and are undertaken to further our charitable purposes for the publlc benefit. The Trustees have noted sectlon 17{51 of the Charltles Act 2011 to have due regard to publlc benefit guldance published bythe Charlty Cornmission. The role of volunteers There are no pald employees and no Trustees recelve any renumeratlon for thelr servlces. Volunteer5 make a significant contribution to the running of the charlty, provdln8 services such as raising awareness. creating newsletters, communicating with sponsors and supporters, as well as accountin8 and spendin8 oversight. Achlevements and Performance Durlng the year we have contlnued to support the work of Future for Irlnga Street Chlldren in Tanzania. Impact of Covld 19.. In the prior year we Increased spending on medical support, hygiene educatlon and Clean water provision, as well as provldlng an additional food parcel relief programme to offset the economic hardship felt by some of the vulnerable families wtthin the Future for Irln8a Street Chlldren community as a result of the local restrirtlons. However we are pleased to observe that the impatt of Covid 19 on Tanzanla and the local community we serve in 2021 was not significant, and life for most people returned to a pre- pandemic state, There were no reported death5 from those registered with Future for Irlnga Street Children In Tanzanla due to Covld 19. As a result we curtailed the additlonal food parcel relief pro8ramme, however have continued to maintain spending on medical support. hygiene education and clean water provision, and will continue to do so IN 2022. We wlll continue to review how best can respond to the sltuation as It evolves within Tanzania. f',Sts4 Trustee Report and Financial Ststements Yearended 31January 2022 Provision offvod.. Duringthe financial year we increased Spending on food by 6% to approximately 60.6m tsh / c. £20,20012021.' 57.2m tsh / c.£18.5001. Adjusting for the one off emergencyfood parcel relief programme whlch we supported in 2020, but was not required in 2021, the increase In food provlslon spendlng rlses to 30%. Food provision is acheived through various mechanisms, including daily breakfast for chlldren 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 provision for chlldren In the safe temporary accommodatlon atthe drop In centre. In 2022 we increased spending on all these support mechanisms, whilst also adding a daily lunch club to the offerin8. The Increase In spendln8 has also been drlven by continued grovrth in the number of food th parcel sponsorships. Thls programme is into its 6 year, proving to be extremely effettlve at addressing one of the root causes for children taking to the streets in Irin8a. The pro8ramme Is leadlng to a slgniflcant Improvement In health, both physlcally and mentally for a number of children, as well as significantly improvin8 the chances of a child achieving hlgher educatlonal results. Number of food parcel sponsorships so 45 43 40 37 35 35 30 25 23 20 15 io 2017 2018 2019 2020 2021 2022 Trustee Report and Financial Ststements Yearended 31 January 2022 Shelter.- One of the core objectives of the charlty is to presen4e and protect good health, and one of the ways in which thi5 is achieved is through the provision of shelter. The charity ha5 supported Future for Irin8a street Children in Tanzania to achieve this through the provision of safe temporary accommodation at the Drop in Centre, and the rehabi1Statlon of the children who Ilve there into accommodatlon with relatlves or foster familles. In the past financial we doubled our investment In this area, spendln8 7.4m tsh / c. £2,400 120213.6m tsh / £1,160). A5 a result the number of children passin8through the short term accommodation and beln8 SUPPOrted back to living wlth families rose from 17 In 2021 to 38 This Is a signlficant step for these chlldren, removlng the rlsks assoclated with sleeping on the streets, and Increases their chances of rehabilitation Into society. Education support.. Educational support can broadly be split Into three areas: Primary & Secondary, Vocatlonal, and Further Educatlon. We have seen growth in spendlng and provlslon In all of these areas as the chart below demonstrates: Education Spending Imllliontshl Prlmaryl5¢condary • Further EducJUon Vocallonal 40 3S 30 2S 20 Is 2019 2020 Z021 2022 Trustee Report and Financial Statements Year ended 31 January2022 Approximately 72.6m tsh 1 £24,20012021: 58.3m tsh 1 £18,800) was spent on tuition fees, uniforms and other school equipment to enable a large number of chlldren to attend school, university and other vocational training such as driving school and sewing tuition. The increase from the prior year is a predominatly a result of more children being accepted to Universities, and 8rowth in the number of children bein8 SUPPOrted into vocational training. Primory/Secondt7ry Whilst prlmary and secondary 8overnment schools are now free in Tanzanla, unrform and statlonery remaln a slgniftcant barrler to entry for many of the poorest chlldren, Includln8 those registered at FISCH, In response to this we have a Uniform and Stationery Fund, whereby sUPPOrters can specifically support this cause. This Inltiative has continued to grow this year, and at the beginning of the new school year uniform and stationery was provided to over 300 chlldren attending prlmary and secondary schools. Thls was a slgnlficant achlevement, and we Intend to continue to promote this need in future years. Vocational Trnining Where appropriate we continue to support chlldren into vocational training courses. Most of these courses are provlded by college Instltutes. but the sewing training is conducted on slte at the FISCH Drop in Centre. This has proved suttessful in past years and led to a number of graduates setting up their own busine55. Fundlng for vocatlonal tralnlng has been Ilmited over the years, and as a result we have only been able to support ad hoc courses dependlng on availability of funds at the time. We recognise that this is an areas which would benefrt from increased support, and vocational trainin8 could be beneficial for a number of the childrerF we support for whom the formal education system is no longer appropriate. Therefore our alm In the forthcomlng year Is to grow the funding in thls area, and Increase the provision of courses. io Trustee Report and Fin3nclal statements Yearended 31January 2022 Further Educotlon We are delighted that in the current year, three additional children were accepted into University. and one student graduated with a Degree in Human Resource Management. This brings the total number bein8 SUPPOrted at University and further education to fifteen. Thls Is a slgnlflcant achlevernent ft)r these chlldren glven the many challenges an Ind5vldual from such circumstances must overcome. Further education SLudent$supported in FurtherFducotlon q Numberfullysponsored 16 15 15 14 13 12 io 2018 2019 2020 2021 2022 Wlth more and more chlldren bein8 accepted into Higher Education, one of our alms for the year was to Brow fundlng to support the anticipated growth in this area. In the year ending 31 Jan 2020 we launched an Education Fund and are delighted that in the current year the total number of sponsorships grew to 100% of the students. We hope to continue to maintaln the level of funding for this area 35 more children qualify for college and unlverslty In future year5. fisiI4 li Trustee Report and Financial Ststements Yearended 31January 2022 Sociol clubs One of the activities used to aid re-habilitation and promote values such as team-work, leadership and a common goal, is football. In the year ending January 2020 FISCH Utd was registered as an official football club within Tanzania and began competin8 in local competitions. We have sustalned Investment in this area at a similar level for the past year, as there remains a strong Interest amongst many of the children registered at FISCH in thls actlvlty. Other clubs such as the FISCH Choir and Youth Club have continued throughout the year, and are well attended bythe wider FISCH community. micro-finan￿ & Capital support.. In the prior year we provided support to three 8raduates of the FISCH Sewing Training to launch a Joint sewlng buslness and we have contlnued to support thls mlcro-buslness over the past year. There is growing demand for capital support, with a number of ex-street chlldren who have been supported by FISCH over the years seekin8 to set up micro-enterprise. Our intention for the forthcomln8 year Is to explore this further and where funds permit, support more of these individuals to set up small enterprlse to become financlally self sufflclent. Building of 'Qrop-In' centre.. In 2017, Future for Iringa Street Chlldren in Tanzania completed the purchase of land, and designed architettural plans for the building of a new drop in centre in Iringa. The intention was to build a centre on this land, which will be used to continue providing these crucial services to vulnerable children in the Irin8a area. The first buildin8 at this new centre was completed in 2019 and has been in use ever since as the administration centre. Work began this past year and continues on a second building to provide kitchens, additional toilet facilities and a multi-purpose hall area. This will enable a number of the dally and weekly pro8rams to take place at this centre, such as the breakfast club and Saturday feeding projert,. The Trustees are grateful for the generous funding being provided to make this possible. fi%14 12 Trustee Report and Financial Statements Yearended 31January 2022 Purchase of landforrehabilitotion and vocotionol training centre., During the prior year we supported the purchase of 9 acres of land by Future for Irin8a Street Children in Tanzania for the purpose of buildin8 a rehabiliLition and vocational training centre in the future. This is a long term objective for the organlzation, and will be completed In sta8es as fundin8 becomes available. f's¢ 13 Trustee Report and Flnanual Statements Year ended 31January2022 Financial Revlew During the financial year, donations to FISCH increased by 20% to £113,60012021: £94.9171 whilst expenditure grew modestly to £88,17712021." £87.0811 leading to an increase in reserves to £60.337 Income/Expenditure (£) 120,000 113,600 ioo,uou 94,917 87,091 88,177 90￿00 60,728 60,000 Incoine 1£) b.xi?endlture (£) 48,414 40,000 35.253 .i-Ili 20,nOO Year endlngSan 2019 Yeor endln8 lan 2020 Year endlI1¥ lan 2021 Year endlnglan 2022 The past year ha5 been another strong year for FISCH, as we continue to build on the growth of recent years. It is a reflection of the growing success of the volunteers wlthin the Charity to publicise the good work being performed, and the causes we are championlng with a growing network, whilst buildin8 on the foundations and reputation established in prevlous years. Expenditure has remalned relatively flat year on year, however this mask5 growth of the underlying programs (refer to pages 7-12), because it is in part due to the fact that the prior year involved a number of one off costs assoclated with our response to Covid 19, which were not repllcated in the current year. 14 Trustee Report and Financial Statements Year ended 31 January 2022 Sustoinability of income.. Given the significant growth in both income and expenditure in recent years, the aim for the year endin8 Jan 2022 was to consolidate that growth. and increase the regular donations underpinning it. In order to reduce exposure to fluctuations in one-off donatlons. Thls was achieved, wrth regular fvnding growlng by 26% as a result of growth for established initiative5 such as the food parcel spon50r5hip. higher education sponsorship and the uniform and stationery fund, together with other areas and unrestricted donations. Plans for Future Perlods The charity plans to continue to financially support the work of Future for Iringa Street Children in Tanzania in the forthcomin8 year5 subject to satisfattory fundln8 arran8ements. The Trustees wlll continue to riase awareness for these needs, and seek to grow donations in order to sustaln an expected increase in underlying expendlture as a result of growth In the provision of the programmes in Tanzania, and an increase in underlying livin8 costs In Tanzania for items such as food and shelter. In particular we hope to 8row our support for small enterprlse and vocational trainin8, In order to better equip indlvlduals who have passed through the Future for IrSn8a Street Children community to become self-sufficient. We wlll contlnue to support the building work of the second buildin8 at the new drop In centre, and develop plans for uti1Ssation of the land purchased by Future for Iringa Street Children in Tanzania. Reserves Policy The Trustees have examined the charitys requirements for reserves In light of the maln risks to the organi5ation. We have established a policy whereby the funds not committed or invested in tangible fixed a55ets held by the charity should be between 3 and 6 months of the expenditure. The rese￿e$ are needed to meet the working capital requirements of the charity and the Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. At the year end total reserves were £60.33712021: 34,9141, against a target for 2020121 of between £20.000 and £40.000 in general funds. The increase from the prior year is largely 15 Trustee Report and Financial Ststements Year ended 31 January 2022 a result of growth in unrestricted reserves driven by the timing of 5i8nificant donations just prior to year end. The expectation 15 that reserves will fall in the current year back 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 consldered the extent to which existing artlvities and expenditure could be curtailed, should such circumstsnces arise. 16 Trustee Report and Financial Statements Year ended 31 January 2022 Strurture, Governance and Management Governing Document The organisation is a charitable company limited by 8uarontee. incorporated on 15 th January 2014 and registered as a charfty on 25 November 2014. The company was established and Is 8overned by its Articles of Association, which establlshed 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. Recniltment andAppointment of Trustees und Dlrectors The Directors of the company are also charlty Trustees for the purposes of charity law and under the compan￿S Articles are known as the members. Under the requirements of the Articles of Association the membersnrustees are elected to serve for a maximum of two consecutive terms of three years followlng their first appointment, and following whl¢h no out80ing Trustee shall be ell8lble for re-electlon for a period of twelve months followln8 the retirement. After the first Annual General Meetin& on an annual basis at least one-third of the Trustees must retire from office. Durln8 the year one Trustee was appolnted. Three retired after completlon of thelr terms, of which two were revelected in Ilne wlth the pollcy Set out above. All Dlrectors and Trustees glve thelr time voluntarlly and receive no benefits from the charity. No expenses were reclaimed from the charity during the year. Orgonisotlonolstructure The FISCH Trustees meet regularly and are responsible for the strateglc direction and policies of the charity. At present the Trustees have members from a variety of professional back8rounds relevant to the work of the charity. Reloted Partles The Trustees confirm that there are no related party relationshlps at present, and that no related party relatlonships or transactions occurred during the year. fiSIII 17 Trustee Report and Financial Statements Yearended 31Janu3ry 2022 Account Preparation The financial statements have been prepared in accordance with the accounting policies set out in the Notes to the Accounts and comply with the charitvs 8overrting document, the Charities Act 2011 and Accountin8 and Reporting by Charitie5: Statement of Recommended Practlce appllcable to charities preparing their accounts in accordance wlth the Financlal Reportlng Standard for Smaller Entities published on 16 July 2014. In accordance with the requlrements of the CharSties Act we are required to obtain an Independent Examlners report. Referto page 19. For the year ending 31st January 2022, the company was entltled to exemptlon from audit under section 477 of the Companies Act 2006 relatlng to small companies, and the members have not required the companyto obtain an audit of its accounts forthe period in question in accordance wlth section 476. The Trustees acknowledge thelr responslbllltles for complyln8 wlth the requlrements of the Companies Art 2006 with respect to accounting records and the preparation of accounts. Responsibilltles of the Dlrectors Company law requires the Dlrectors to prepare financlal statements for each financial period which give a true and fair vlew of the state of the affair5 of the charitable companv as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing those financlal statements, the Directors should follow best practice and: selert sultable accountlng policies and then apply them consistently,. make jud8ements and estimates that are reasonable and prudent. and prepare the financial statements on the goin8 concern basi5 unless It Is not appropriate to assume that the companywlll continue on that basis. The Directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial posltion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2(M)6. The Directors are also responslble for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detertion of fraud and other irregularities. 18 Trustee Report and Financlal Statements Yearended 31January 2022 Dedaratlon The Trustees declare that they have approved the Trustees, report above. Si8ned on beha5f of the Board of Trustees 24.q.IL Richard Gercke Chairman Michael Gercke Trustee fiS¢14 19 Trustee Report and Financial Statements Yearended 31 January2022 Independent examiner's report on the accounts Independent Examiner's Report Report to the trustees/dlrertors/ members of: FISCH UK On accounts fortheyear ended: 31 January 2022 Charity number: 1159350 Company number: 8845866 Set out on pages: 21- 26 Respective responsibillties of trustees and examlner The trustees (who are also the directors of the company for the purpose5 of company law) are responsible for the preparation I the accounts. The charit¢s trustees consider that an audit is no required for this year under section 144 of the Charities Act 201 (the Charltles Act) and in accordance wlth Part 16 of the Companie5 Act 2006 that an independent examination is neede It is my responsibility to.. examlne the accounts under section 145 of the Charities Ac to follow the procedures laid down in the general Direction,. given by the Charity Commlsslon {under sectlon 14515llbl o the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examlnerfs statement My examination was carried out in accordance with general Directior given by the Charity Commission. An examination includes a review I the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes ¢on5ideratioi of any unusual items or dlsclosures in the accounts, and seeking explanations from trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required ir 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 thi matters set out in the statement below. f'SIII 20 Trustee Report and Financial Statements Yearended 31January 2022 Independent examiner's statement In connection with my examination, no matter has come to my attention to indicate that: accounting records have not been kept in accordance wtth section 386 of the Companies Act 2006,. the accounts do not accord with such records: where accounts are prepared on an accrua15 basis, whether tl fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent w the Charities SORP IFRS1021 any matter which the examiner believes should be drawn to t attentlon of the reader to gain a proper understanding of the accounts. Signed: ty o'l¥ Date: Lfi-£fy Name; Relevant professional qualification{sl or body (if any): F. c.4. Addres5: fis 21 Trustee Report and Finanaal Statements Year ended 31 January 2022 FISCH (Charity number: 1159350, Company number: 88458661 Annual accounts for the period l February 2021- 31 January 2022 Statement of flnandal artlvltles indudln summa income & ex ndlture account IY Unrestrlcted funds Restrlcted Income fund5 Prlor year Totsl funds Income Income Irom: Oonatlons and Legacles Total 53.336 53,336 60.265 60.265 113.601 113.601 94.917 94.917 Expendlture Expendlture on: Ralslng funds ChaTitsble actbvitie5 Other Totsl 633 26,641 334 27.608 633 87.212 334 88.179 60,571 85.765 316 87.081 60,571 Net Income before t¥x 25,728 13061 25,422 7,836 Net In¢omel (expendlturel 25.728 13061 25,422 7,836 Net movement In tunds 25,728 1306) 25,422 7,836 Re¢on¢iliation of funds Total funds brought forward Total fund5 carried forniard 13,338 39,066 21,577 21.271 34,915 60,337 27,079 34.915 fis¢I4 22 Trustee Report and Financial Statements Year ended 31 January 2022 Balance Sheet Unre5tr1rted fund5 Restrlcted income funds Total funds Total last Year Debtors Cash at bank and in hand Totsl Current assets 17,779 21,287 39,066 1,211 20,060 21,271 18,990 41.347 60,337 6,596 28,319 34,915 Cf¢dllors: Jmfjuntslalll￿ d wrthin one year Total net assets or Ilabllltles 39,066 21,271 60,337 34.915 Funds of the Charlty Restrlrte