## **- SA UK TRUST NETWORK**
# **DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
**Registered Charity No. 1160355 (England & Wales)**
**CONTENTS**
**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
|Administrative information|1|
|---|---|
|Report of the Directors and trustees|2 - 5|
|Statement of fnancial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 - 9|
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **ADMINISTRATIVE INFORMATION**
Charity Number 1160355 (England and Wales) Registered Office 7 Balmoral East Grinstead W Sussex RH19 4RJ Trustees Jill Ritchie Geoffrey Johnson Louise Seligman Martha Ware Kathi Scott Carolyn Cripps Peter Burdin Kelvin Glen Neliswa Hare Secretary Louise Seligman Bankers HSBC 38 London Road East Grinstead West Sussex RH19 1AB
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees present their annual report and financial statements of the charity for the 12 months ended 31 December 2021.
## LEGAL STATUS & CONSTITUTION
The charitable incorporated organisation (CIO) is incorporated under the Charities Act 2011 and is governed by its constitution document dated 15 August 2014.
The CIO was registered with the Charities Commission on 5 February 2015 and its registration number is 1160355.
## OBJECTIVES AND ACTIVITIES
SA-UK TRUST NETWORK is a UK registered charity promoting the effectiveness and efficiency for the benefit of the public by developing the capabilities of charities that work with, and for the benefit of the people of South Africa.
Trustees have considered the public benefit requirement under the Charities Act 2011.
## ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
The SA-UK Trust Network, continues to grow and serve its members.
COVID-19 meant that live gatherings were not possible, but several free online training events were held, and members appreciated this knowledge transfer. In addition, members were able to invite their sister charities in southern Africa to benefit from online training too.
It was heartening to see that most members continued to pay their voluntary fees during the pandemic.
The charity generated income of £900 during the 12 months under review, which consisted of memberships for the SA-UK Trust Network. Total expenditure was £612 which was for administrative assistance, IT and office expenses.
## RESERVES POLICY
At the year end the charity had free reserves of £3,257.
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED)**
## MEMBERSHIPS
The Charity had the following members in the period (leniency was shown to those who had not paid their renewal fee due to the pandemic and their names were not removed from the website):
Organisation Name 67 Blankets Action for Burns & Children ACFS (African Children Feeding Scheme) The Africa Foundation UK Afrika Tikkun Apostleship of the Sea Bishop Simeon Trust Breadline Africa Buskaid Cannon Collins Children's Hospital Trust SA Chiva CloudDog Crusaid (Merged with Terrence Higgins Trust) Dance for All Darling Trust Dementia SA The Denis Hurley Association Education Renaissance Trust (St James Durban) Emporgrate Goodwill & Growth for Africa UK Helwel Trust Help2read Helping Rhinos Home from Home Humanity & Inclusion The Impact Trust Khulisa LIV Village UK Love Church Magical Moments Mandela Mile Masicorp
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
Mike Procter Foundation Mothers 2 Mothers Mzimkulu Trust Nedbank SA Charity Golf Day CIC Nelson Mandela Children’s Fund Robert Grace Trust Sparrow Schools Foundation St David's Marist Foundation UK Charity The Story Book Drive Swaziland Schools Projects TSiBA (Tertiary School in Business Administration) Tutu Foundation The Ubuntu Education Fund Uhambo Foundation Ukuthemba Foundation Voices of Africa (UK) Winnie Mabasobo Foundation ZABRA
## RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been, or will be, established to enable the necessary steps to be taken to lessen these risks.
The main risk to the charity is that membership income decreases which would significantly reduce the level of charitable activity possible.
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)**
## FUTURE PLANS
The SA-UK Trust Network continues to grow its charitable relationships and increase memberships to enable more charities to connect and learn from each other. It is heartening to note that members tell each other about the Network and new potential members approach the Network by finding it online.
The administrator will also take on the role of managing the social media to have an ongoing and consistent social media presence.
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
Events will resume once the pandemic has abated sufficiently to make these safe to attend.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
SA-UK Trust Network is a UK registered charity and is constituted as a charitable incorporated organisation and therefore governed by a Memorandum and Articles of Association.
The charity is organised so that its directors and trustees meet at various intervals and exercise responsibility for its governance. In the intervening periods the secretary deals with the routine business.
All trustees give their time freely and no trustee remuneration or expenses was paid in the year. In addition, no out of pocket expenses were reimbursed to the trustees and no trustee had any beneficial interest in any contract with the charity during the year.
## REFERENCE AND DEMONSTRATIVE INFORMATION
The administrative information is set out on page 1 of these financial statements. The Directors of the Foundation are its trustees for the purposes of Charity Law.
The trustees and officers serving during the year and since the year end were as follows:
Jill Ritchie, (Chair) Geoffrey Johnson, (Treasurer) (Resigned 12/4/21) Louise Seligman, (Secretary) Martha Ware Kathi Scott Carolyn Cripps Peter Burdin Neliswa Hare (Elected 12/4/21) Kelvin Glen (Treasurer) (Elected 12/4/21)
The Board has the power to appoint additional trustees as it considers fit to do so.
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)**
## TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
## Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations, and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report was approved by the board on 26th September 2022 and signed on their behalf by:
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
………………………………………………………………………… Jill Ritchie – Director & Trustee
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2021**
## SUMMARY INCOME & EXPENDITURE ACCOUNT
|INCOMING RESOURCES
Memberships
TOTAL INCOMING RESOURCES
EXPENDITURE
Charitable activities
Total
NET INCOME
Total funds brought forward
Total funds carried forward|Notes
3
4|Unrestrict
ed
Funds
2021
£
900
900
612
612
288
1,125
3,257
|Total
Funds
2021
£
900
900
612
612
288
1,125
3,257
|Total
Funds|
|---|---|---|---|---|
||||||
|||||2020
£
650
650
96
96
554
2,415|
|||||2,969|
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 and 8 form part of these financial statements.
The results for the period all relate to continuing activities.
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SA-UK TRUST NETWORK
Registered Charity No. 1160355 {England & Wales)
**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **BALANCE SHEET FOR THE PERIOD ENDED 31 DECEMBER 2021**
|CURRENT ASSETS
Cash at bank and in hand
NET ASSETS
FUNDS
Unrestricted funds
TOTAL CHARITY FUNDS|2021
£
3,257|
|---|---|
||3,257|
||3,257|
||3,257|
Approved by the Board of Trustees on 26th September 2022 and signed on its behalf by:
…………………………………………………………………………. Jill Ritchie – Director & Trustee
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021**
## 1. ACCOUNTING POLICIES
## (a) Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements 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 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Advantage has been taken of the exemption for charities with income less than £500,000 from preparing a cash flow statement under SORP (FRS 102) Update Bulletin 1 (issued February 2016), which the charity has early adopted.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## (b) Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts the trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP FRS102 a restatement of comparative items was required. No restatements were required.
## (c) Income
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when the foundation has been notified in writing of both the amount and settlement date.
## (d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be reliably measured.
All expenditure is accounted for on an accruals basis, however currently the administration and governance expenditure for the Foundation is paid by the charity.
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021 (CONTINUED)**
## 2. LEGAL STATUS
The Charity is a charity registered as a Charity Incorporation Organisation.
|3. MEMBERSHIPS
Memberships
4. ANALYSIS OF
EXPENDITURE
ON CHARITABLE
ACTIVITIES
Domain renewals, administration costs|Total|
|---|---|
||£
900
612|
## 5. TAXATION
As the Charity’s aim is to promote the effectiveness and efficiency for the benefit of the public, in particular by developing the capabilities of charities that work with, and for the benefit of the people of South Africa; As a registered Charity, it is not liable to UK income tax or corporation tax. It is not subject to Corporation Tax.
## 6. RELATED PARTY TRANSACTIONS
None of the Directors/Trustees have been paid any remuneration or received any other benefits from an employment with the Charity or related party.
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**SA-UK TRUST NETWORK Registered Charity No. 1160355 (England & Wales)**
There have been no related party transactions in the reporting period.
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