FISCH
(A company limited by guarantee)
Report and Financial Statements for 1 February 2023– 31 January 2024
Charity number 1159350 Company number 8845866
Future for Iringa Street Children
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Trustee Report and Financial Statements Year ended 31 January 2024
FISCH
(A company limited by guarantee)
| Trustees’ Report and Financial Statements | |
|---|---|
| For the Year Ended 31 January 2024 | |
| Contents | Page |
| Reference and Administrative Details | 3 |
| Trustees’ Report | 4 |
| Independent Examiner’s Report | 18 |
| Statement of Financial Activities (incorporating the | 20 |
| income and expenditure account) | |
| Balance Sheet | 21 |
| Notes to the Financial Statements | 22 |
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Trustee Report and Financial Statements Year ended 31 January 2024
Reference and Administrative Details
Charity Name: FISCH
Charity registration number: 1159350
Company registration number: 8845866
Registered Office and operational address:
58 Frog Grove Lane Guildford Surrey GU3 3HA
Directors/Trustees
Mr J Bircher (appointed 22[nd] March 2023) Mr M Boddington (appointed 22[nd] March 2023) Mr M Gercke (retired 30[th] May 2024) Mr R Gercke (appointed 22[nd] March 2023) Mr R Maguire (retired 22[nd] March 2023) Mrs S Maguire Mrs J Murphy (appointed 22[nd] March 2023) Mr R Murphy
Bankers
National Westminster Bank Plc 151 High Street Guildford Surrey GU1 3AH
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Trustee Report and Financial Statements Year ended 31 January 2024
Trustees’ Report
The Trustees present the Trustees’ report and financial statements for the year ended 31 January 2024.
Objectives and activities
Purposes and Aims
The charity’s purposes as set out in the objects contained in the company’s articles of association are:
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To relieve poverty
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To preserve and protect good health
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To advance education
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To advance in life and relieve needs of young people through:
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The provision of recreational and leisure time activities provided in the interest of social welfare designed to improve their conditions of life; and
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Providing support and activities which develop their skills, capacities and capabilities 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 young people, particularly, 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 aims
We review our aims, objectives and activities regularly on an ongoing basis. This review looks at what we have achieved and the outcomes of our work in the previous period. The review considers the success of each key activity and the benefits 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 planning our future activities. In particular, the
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Trustee Report and Financial Statements Year ended 31 January 2024
Trustees have considered how planned activities contribute to the aims and objectives set and are satisfied that they have done so.
The focus of our work
The main objective 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 achieved through the ongoing financial support of Future for Iringa Street Children in Tanzania. During the year we have communicated their specific activities to our supporters via newsletters, social media and our website. These activities include:
Activities addressing short term needs:
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Identification of young people suffering from lack of shelter, food or education within the Iringa region
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Provision of food through the weekly Saturday feeding project, daily Breakfast & Lunch Club and regular food parcels
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Provision of clothing
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Provision of safe temporary accommodation
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Provision of a ‘drop in centre’ located within Iringa
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Provision of basic medical first aid and medicines
Activities addressing medium term needs:
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Provision of education through school and university fee payments, and opportunity to attend additional afternoon classes held at the Future for Iringa Street Children drop in centre
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Provision of school uniform and equipment
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Support to attain vocational skills through provision of sewing tuition, and other training courses, such as driving licences, carpentry and mechanic training.
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Rehabilitation into accommodation with relatives or foster families
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On-going social and health education
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Provision of social needs through FISCH football club, FISCH Church, bi-weekly seminars and monthly youth clubs.
Activities addressing long term needs:
- Identification of employment opportunities and support to become self-sufficient including small enterprise support.
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Trustee Report and Financial Statements Year ended 31 January 2024
How our activities deliver public benefit
Our main activities and who we try to help are described above. All our charitable activities focus on the relief of poverty amongst children and young adults, and are undertaken to further our charitable purposes for the public benefit.
The Trustees have noted section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
The role of volunteers
There are no paid employees and no Trustees receive any renumeration for their services. Volunteers make a significant contribution to the running of the charity, providing services such as raising awareness, creating newsletters, communicating with sponsors and supporters, as well as accounting and spending oversight.
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Trustee Report and Financial Statements Year ended 31 January 2024
Achievements and Performance
During the year we have continued to support the work of Future for Iringa Street Children in Tanzania.
A structural change to the leadership of that organisation led to a pause in the delivery of a number of aid programs during the latter part of the year. We curtailed our fundraising activities and paused sponsorships accordingly until new leadership had been installed and the programs resumed.
Despite the reduction of activity, donations and grants in the current year, significant achievements were made, bringing material benefit by relieving poverty and advancing the education of vulnerable young people within Tanzania, including the following areas of focus:
Provision of food:
Food provision was delivered through various mechanisms, including daily breakfast and lunch 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 provision for children in the safe temporary accommodation at the drop in centre.
We estimate that through our breakfast and lunch provision we provided approximately 8,000 meals throughout the year, and in addition over 3,000 meals through the Saturday clubs, to vulnerable children who may not otherwise have had access to a nutritional meal that week.
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Trustee Report and Financial Statements Year ended 31 January 2024
Over 550 food parcels were provided through the sponsorship programme, which continues to be \ | mt 2 extremely effective at addressing one of the root causes for children taking to the streets in Iringa. In J > if addition to addressing a basic physical need, we ONT Sax: | FP continue to see the positive impact this delivers on myo" Ai i mental wellbeing for a number of children, and their Be 2: . families, as well as significantly improving the chances of a child attending school and achieving higher educational results.
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 has 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 relatives or foster families.
As well as safe shelter, services provided at the centre include food provision, clothing, medical support, educational opportunities and counselling.
During the year up to 20 vulnerable individuals accessed this facility, with some being reunited with relatives.
Education support:
Educational support can broadly be split into three areas: Primary & Secondary, Vocational, and Further Education.
Primary/Secondary
Whilst primary and secondary government schools continue to be free of tuition fees in Tanzania, uniform and stationery remain a significant barrier to entry for many of the poorest children, including those registered at FISCH. In response to this we have a Uniform and Stationery Fund, whereby
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Trustee Report and Financial Statements Year ended 31 January 2024
supporters can specifically support this cause. We provided uniform and stationery to over 90 children to enable them to attend primary and secondary schools. A number of items were made by students or graduates from the FISCH Sewing classes.
Vocational Training
Where appropriate we continue to support children into vocational training courses. A
number of these courses are provided by external college institutes, but the sewing training is conducted on site at the FISCH Drop in Centre, providing training for up to 10 students, and continues to be a valuable opportunity for beneficiaries with limited education to gain a skill and be part of structured education.
A number of these beneficiaries have been children who have passed through the short term accommodation, or have been supported with monthly food parcels. This is the next step in their journey to independence, and some have already taken the step to employment.
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Trustee Report and Financial Statements Year ended 31 January 2024
Degree and Vocational courses being supported:
Further Education
We are delighted that a number of the beneficiaries FISCH has supported over the years are offered places into University and Higher education institutions.
This is a significant achievement for these children given the many challenges an individual from such circumstances must overcome and during the year we supported 16 students through Higher Education, of which 6 graduated.
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Trustee Report and Financial Statements Year ended 31 January 2024
Social clubs
One of the activities used to aid re-habilitation and promote values such as team-work, leadership and a common goal, is football. FISCH Utd is registered as an official football club within Tanzania and regularly competes in local competitions or friendly matches with local sides.
Other clubs such as the FISCH Choir and Youth Club have continued throughout the year, and are well attended by the wider FISCH community.
Small-enterprise & Capital support:
There has been a growing demand for capital support, with a number of beneficiaries who have been supported by FISCH over the years seeking to set up small business ventures. We continued to supported a range of one-off ventures, including the spice selling, welding, food vending, tailoring and other small scale enterprise opportunities.
Purchase of land for rehabilitation and vocational training centre:
In 2021 we supported the purchase of 9 acres of land by Future for Iringa Street Children in Tanzania for the purpose of building a rehabilitation and vocational training centre in the future.
We remain in the planning phase of this venture, continuing to research and gather information on how best to design these new facilities, as well as identifying what services to prioritize to best achieve our objectives. This is a long term objective for the organization, and will be completed in stages as funding becomes available.
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Trustee Report and Financial Statements Year ended 31 January 2024
Financial Review
During the financial year, donations to FISCH decreased to £93,862, whilst expenditure decreased to £112,559, resulting in an overall net decrease in reserves to £53,110.
Income/Expenditure (£)
----- Start of picture text -----
160,000
140,000 134,231
122,761
120,000 113,600 112,559
100,000 94,917 93,862
87,081 88,177
80,000 Income (£)
60,728 Expenditure (£)
60,000
48,414
40,000
20,000
0
Year ending Jan Year ending Jan Year ending Jan Year ending Jan Year ending Jan
2020 2021 2022 2023 2024
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The decline in income and expenditure reflects disruption to activities detailed within the Trustee report on page 7. The fall in income was more significant than expenditure, in part due to delays in restarting sponsorships and regular donations from the support base.
Reduced income amounted to approximately 3 months of funding, and prior to this the charity had been on course to deliver a similar level of income to the prior year.
By the end of the year a large proportion of the regular donations had been resumed by supporters, and this trend has continued post year-end. The Trustees are confident sufficient reserves remain in place to meet any funding deficit whilst income continues to recover, and that if necessary expenses can be reduced further.
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Trustee Report and Financial Statements Year ended 31 January 2024
Plans for Future Periods
The charity plans to continue to financially support the work of Future for Iringa Street Children in Tanzania in the forthcoming years subject to satisfactory funding arrangements, and compliance with our core values and the objectives of this charity.
Reserves Policy
The Trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. We have established a policy whereby the funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.
The reserves 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 £53,110 (2023: 71,807), against a target for 2023/24 of between £30,000 and £60,000 in general funds.
The expectation is that reserves will remain 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 require it.
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Trustee Report and Financial Statements Year ended 31 January 2024
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 15[th] January 2014 and registered as a charity on 25[th] 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.
Recruitment and Appointment of Trustees and Directors
The Directors of the company are also charity Trustees for the purposes of charity law and under the company’s Articles are known as the members. Under the requirements of the Articles of Association the members/Trustees are elected to serve for a maximum of two consecutive terms of three years following their first appointment, and following which no outgoing Trustee shall be eligible for re-election for a period of twelve months following the retirement. After the first Annual General Meeting, on an annual basis at least one-third of the Trustees must retire from office.
During the year one Trustee retired after completion of their terms. A number of Trustees were appointed post year end as part of our aim to increase the breadth of knowledge and experience within the Board of Trustees, and to enable us to continue to comply with the rotation policy set out above.
All Directors and Trustees give their time voluntarily and receive no benefits from the charity. No expenses were reclaimed from the charity during the year.
Organisational Structure
The FISCH Trustees meet regularly and are responsible for the strategic direction and policies of the charity. At present the Trustees have members from a variety of professional backgrounds relevant to the work of the charity.
Over the past year we have developed the internal structure to share responsibility and oversight of specific functions, which mirror some of the main programmes at Future for Iringa Street Children in Tanzania (for example education, food parcel provision, shelter etc). The intention is to continue to develop this model over the coming years, to ensure that workload is shared appropriately as the organisation grows, and that each function receives greater attention and investment.
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Trustee Report and Financial Statements Year ended 31 January 2024
Related Parties
The Trustees confirm that there are no related party relationships at present, and that no related party relationships or transactions occurred during the year.
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Trustee Report and Financial Statements Year ended 31 January 2024
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 charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.
In accordance with the requirements of the Charities Act we are required to obtain an Independent Examiners report. Refer to page 19.
For the year ending 31st January 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies, and the members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Responsibilities of the Directors
Company law requires the Directors to prepare financial statements for each financial period which give 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 application of resources, including income and expenditure, for the financial period. In preparing those financial statements, the Directors should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.
The Directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Directors 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.
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Trustee Report and Financial Statements Year ended 31 January 2024
Declaration
The Trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the Board of Trustees
Richard Gercke Chairman of Trustees
9[th] October 2024
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Trustee Report and Financial Statements Year ended 31 January 2024
Independent examiner's report on the accounts
Independent Examiner’s Report
Report to the trustees/directors/ members of: FISCH UK
On accounts for the year ended: 31 January 2024 Charity number: 1159350 Company number: 8845866 Set out on pages: 21 - 26
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and in accordance with Part 16 of the
It is my responsibility to:
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement My examination was carried out in accordance with general
Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning 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 fair’ view and the report is limited to those matters set out in the statement below.
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Trustee Report and Financial Statements Year ended 31 January 2024
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Trustee Report and Financial Statements Year ended 31 January 2024
Trustee Report and Financial Statements Year ended 31 January 2024
FISCH (Charity number: 1159350, Company number: 8845866)
Annual accounts for the period 1 February 2022 – 31 January 2024
Statement of financial activities (including summary income & expenditure account)
| Note | Unrestricted funds |
Restricted income funds |
Total funds | Prior year funds |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Income | |||||
| Income from: | |||||
| Donations and Legacies | 3 | 50,313 | 43,032 | 93,345 | 134,231 |
| Bank Interest | 517 | 517 | |||
| Total | 50,830 | 43,032 | 93,862 | 134,231 | |
| Expenditure | |||||
| Expenditure on: | 4 | ||||
| Raising funds | 358 | - | 358 | 513 | |
| Charitable activities | 66,812 | 44,823 | 111,635 | 121,684 | |
| Other | 566 | - | 566 | 564 | |
| Total | 67,736 | 44,823 | 112,559 | 122,761 | |
| Net income before tax | (16,906) | (1,791) | (18,697) | 11,470 | |
| Net income/ (expenditure) | (16,906) | (1,791) | (18,697) | 11,470 | |
| Net movement in funds | (16,906) | (1,791) | (18,697) | 11,470 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 50,202 | 21,605 | 71,807 | 60,337 | |
| Total funds carried forward | 33,296 | 19,814 | 53,110 | 71,807 |
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Trustee Report and Financial Statements Year ended 31 January 2024
Balance Sheet
| Note | Unrestricted funds |
Restricted income funds |
Restricted income funds |
Total funds | Total last year |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Current assets | ||||||
| Debtors | 5 | 10,077 | 1,416 | 11,493 | 16,420 | |
| Cash at bank and in hand | 6 | 23,220 | 18,397 | 41,617 | 55,387 | |
| Total current assets | 33,297 | 19,813 | 53,110 | 71,807 | ||
| Creditors: amounts falling due | - | - | - | - | ||
| within one year | ||||||
| Total net assets or liabilities | 33,297 | 19,813 | 53,110 | 71,807 | ||
| Funds of the Charity | ||||||
| Restricted income funds | - | 19,813 | 19,813 | 21,605 | ||
| Unrestricted funds | 33,297 | - | 33,297 | 50,202 | ||
| Total Funds | 33,297 | 19,813 | 53,110 | 71,807 |
For the year ending 31 January 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP.
Signed by one trustee on behalf of all trustees:
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SIGNATURE NAME DATE OF APPROVAL
Richard Gercke
Chairman of Trustees 9 [th] October 2024
oe
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Trustee Report and Financial Statements Year ended 31 January 2024
Note 1 BASIS OF PREPARATION
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
1.2 Going Concern
The accounts have been prepared on a going concern basis as there are no known reasons or uncertainties that FISCH will not continue to operate over the next 12 months.
1.3 Changes of Accounting Policies
The accounts present a true and fair view and no changes have been made to accounting policies since the prior year.
1.4 Changes to Accounting Estimates
No changes to accounting estimates have occurred in the reporting period.
Note 2 ACCOUNTING POLICIES
2.1 Income
2.1.1. Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources;
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the monetary value can be measured with sufficient reliability
2.1.2 Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
- 2.1.3 Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met.
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Trustee Report and Financial Statements Year ended 31 January 2024
2.1.4. Tax reclaims on donations and gifts
- Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise .
2.1.5 Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
2.2 Expenditure and Liabilities
- 2.2.1 Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
2.3 Assets
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2.3.1 Debtors
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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. Subsequently, they are measured at the cash or other consideration expected to be received.
Note 3 INCOME
| ANALYSIS OF INCOME |
UNRESTRICTED FUNDS £ |
RESTRICTED INCOME FUNDS £ |
TOTAL FUNDS £ |
PRIOR YEAR £ |
|
|---|---|---|---|---|---|
| Donations and Legacies |
Donations and Gifts | 45,512 | 36,277 | 81,789 | 118,568 |
| Gift Aid | 4,801 | 6,755 | 11,556 | 15,663 | |
| Total | 50,313 | 43,032 | 93,345 | 134,231 |
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Trustee Report and Financial Statements Year ended 31 January 2024
Note 4 EXPENDITURE
| ANALYSIS OF EXPENDITURE |
UNRESTRICTED FUNDS £ |
RESTRICTED INCOME FUNDS £ |
TOTAL FUNDS £ |
PRIOR YEAR £ |
|
|---|---|---|---|---|---|
| Expenditure on raising funds |
Online donation platform processingfees |
358 | - | 358 | 513 |
| Expenditure on charitable activities |
Funds donated to FISCH Tanzania |
66,812 | 44,823 | 111,635 | 121,684 |
| Other | Cost of sending funds |
165 | - | 165 | 152 |
| Other | Website, domain and email account fees |
401 | 401 | 412 | |
| TOTAL | 67,736 | 44,823 | 112,559 | 122,761 |
The majority of expenditure for both the current and prior year periods was on charitable activities. These funds were donated to Future for Iringa Street Children in Tanzania to fund their activities.
Note 5 DEBTORS AND PREPAYMENTS
| ANALYSIS OF DEBTORS | CURRENT YEAR £ |
PRIOR YEAR £ |
|---|---|---|
| Donations held bythirdpartydonationplatform | 324 | 1,262 |
| Gift aid receivable | 2,365 | 2,528 |
| Donations made in advance | 8,804 | 12,630 |
| Total | 11,493 | 16,420 |
£8.8k of year-end debtors relates to a donation to Future for Iringa Street Children in Tanzania towards their running costs for Q1 2024/25 (Feb 24 – Mar 24). The remainder relates to the gift aid receivable, as a result of eligible donations in the year ended 31 January 2024, and donations made to FISCH via the third party online donation provider, not yet received by FISCH.
| Note 6 CASH AT BANK AND IN HAND |
|---|
| CURRENT YEAR PRIOR YEAR £ £ Cash at bank and in hand 41,617 55,387 ~~ee~~ |
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Trustee Report and Financial Statements Year ended 31 January 2024
Note 7 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES
None of the trustees have been paid any remuneration or received any other benefits from the charity or related entity. Furthermore, no trustee expenses have been incurred.
There have been no related party transactions in the reporting period.