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2021-03-31-accounts

Charity Registration No. 1161038

THE NDOVU TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NDOVU TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustee P Wilson
Charity number 1161038
Independent examiner Mark Turner FCA
1 Worsley Court
High Street
Worsley
Manchester
M28 3NJ

THE NDOVU TRUST

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the accounts 6 - 9

THE NDOVU TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustee present their annual report and financial statements for the year ended 31 March 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 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 applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

(1) To promote the conservation of wildlife indigenous to Kenya by the preservation, protection and regeneration of their natural habitat, particularly within the area bordering Tsavo East National Park, Kenya.

(2) The advancement of education to those socially and economically disadvantaged communities within Kenya, particularly within the area bordering Tsavo East National Park.

Facilitating field based partner is Kenya based not for profit organisation, Tsavo Trust

Summary of Activities:

Summary:

Ndovu Trust and Tsavo Trust have collaborated on various conservation activities over the last 6 years working in the Tsavo Conservation Area (TCA). The activity during the report period has been:

Unfortunately the charity has struggled with funding over this period and the ability to visit the field based partner due to Covid, Very little activity has taken place with some work carried out on Ndovu Trust HQ.

Ndovu Trust HQ build: £7,852

The project to build a HQ for Ndovu Trust continued. Budget includes materials, labour and local management costs.

Financial review

For the financial period which ended on 31 March 2021 a total of £9,220 was raised as donations in this period.

The Trusts expenditure for 2021 was £1,702, leaving £238,725 as Unrestricted reserves.

Structure, governance and management

The Ndovu Trust was founded in 2015 in order to promote the conservation of wildlife indigenous to Kenya & advancement of education to those socially and economically disadvantaged communities within Kenya, particularly within the area bordering Tsavo East National Park, as set out in its governing document.

The charity is an unincorporated association, governed by a Constitution and registered with the Charities commission.

The Ndovu Trust is controlled by the Board of Trustees which sets strategies and policies; the leadership & delivery of the Trusts objectives is undertaken by the Trustees.

THE NDOVU TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

P Wilson

The Trustees' report was approved by the Board of Trustee.

P Wilson

Trustee Dated: 2 February 2022

THE NDOVU TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEE OF THE NDOVU TRUST

I report to the trustee on my examination of the accounts of The Ndovu Trust (charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mark Turner FCA

1 Worsley Court High Street Worsley Manchester M28 3NJ

Dated: .........................

THE NDOVU TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Donations and legacies 3 9,220 70,439
Expenditure on:
Charitable activities 4 1,702 24,675
Net income for the year/
Net movement in funds 7,518 45,764
Fund balances at 1 April 2020 231,207 185,443
Fund balances at 31 March 2021 238,725 231,207

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE NDOVU TRUST

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
9
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2021
£
365
(365)		 £
238,725
-
238,725
238,725
238,725		 2020
£
1,854
(1,520)		 £
230,873
334
231,207
231,207
231,207

The financial statements were approved by the Trustee on 2 February 2022

P Wilson Trustee

THE NDOVU TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

The Ndovu Trust is an unincorporated charity.

1.1 Accounting convention

The accounts have been prepared in accordance with The Ndovu Trust'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 applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Ndovu Trust is a Public Benefit Entity as defined by FRS 102.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustee in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE NDOVU TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

THE NDOVU TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and gifts
4
Charitable activities
Donations - Tsavo Trust
Share of support costs (see note 5)
5
Support costs
Support
costs
Governance
costs
£
£
Accountancy
365
-
Bank Charges
159
-
Motor expenses
-
-
Insurances
1,178
-
Sundry expenses
-
-
1,702
-
Analysed between
Charitable activities
1,702
-		 2021
£
9,220
2021
£
-
1,702
1,702
2021
£
365
159
-
1,178
-
1,702
1,702		 2020
£
70,439
2020
£
21,126
3,549
24,675
2020
£
720
240
1,114
1,275
200
3,549
3,549

THE NDOVU TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

6 Trustee

None of the trustee (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

There were no employees during the year.

8 Tangible fixed assets

Freehold land and
Cost
At 1 April 2020
Additions
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 buildings
£
230,873
7,852
238,725
238,725
230,873

9 Creditors: amounts falling due within one year

Accruals and deferred income
10
Analysis of changes in net funds
The charity had no debt during the year.		 2021
£
365		 2020
£
1,520