2020-12-31-accounts - New Foundations

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NEW FOUNDATIONS cRITABLE INCORPORATED ORGANISATION (Charity no 1161188} ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees Dr D Donovan Mrs S Donovan Mr M Coleman (resigned 1.3.20) Mrs A Coleman (resigned 1.3.20) Ms A Carson Mr T Dawson (appointed 30.8.20) Principal Office 15 Gilmerton Court Trumpington Cambridge CB2 9HQ Charity Number 1161188 Independent Examiner Jonathan Coe (ACE Accountants) Limited 91 Out Westgate Bury St Edmunds Suffolk IP33 3NX

Contents	Page
Report of the Trustees	1-3
Independent Examiner's Report	4
Statement of Financial Resources	5
Balance Sheet	6
Notes	7-10

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their annual report with the accounts of the charity for the year ending 31st December 2020.

Structure, Governance and Management

The Charity was originally established under a charitable trust deed dated 14 September 2003. It was registered as a Charitable Incorporated Organisation with limited liability on 7 April 2015. The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the charitable trust deed. Two e-newsletters are produced each year. Tom Dawson joined the Mission as a Trustee, an experienced Optometrist with a broad knowledge of Optometry and Mission in the Developing World, and having visited the work of New Foundations as part of Mission for Vision founded by the late Ian Squire.

Quarterly Trustee meetings have been undertaken by zoom during the lockdowns due to the Coronavirus restrictions.

On 26th April acting Superintendent of the Mission, Victory Okuboarere, was shot dead, a premeditated killing following on from the kidnap of charity trustees in 2017. No culprits were arrested and the case remains open. The event was reported as a significant event and risk assessments were undertaken for continuance of the Mission's programs and responsibilities.

Objectives and Activities

The objectives of the charity are to train, support and remunerate indigenous Community Health Care Workers to work in regions of extreme need and lack of infrastructure. The charity is expressively evangelical underpinning all its activities by declaring the Gospel of Salvation exclusively through Jesus Christ. All the work of the charity is to declare the Love of God, without prejudice, treatment and ministering to all without precondition or discrimination.

Infrastructure in the Niger Delta is very limited, with a real paucity of health and educational provision. The charity aims to serve those least able to access health care and in regions where government provision has least penetrated.

Achievements and Performance

During the year one trip by trustees was made to Nigeria to meet with the team and undertake training and teaching camps. This was held outwith the Delta creeks due to security concerns and following careful risk assessment.

Covid measures, protection, and public education were primary activities in the early part of the year, to establish a pragmatic approach to dealing with pandemic measures that had no clear basis upon which to build.

After some period of instability our second clinic at Oyangbene was reopened to the appreciation of the community. The school had continued until flooding shut the school and afterwards the fabric of the school was severely damaged both by termite and the water.

The telemedicine centre became firmly established as a potential source of expanding teaching and communication. A one-day discipleship conference was held with four pastors in the UK who contributed online. The success indicated this technology, wisely used, would be both very economical and extremely effective for conferencing and teaching.

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION

TRUSTEES' REPORT (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2020

Continuing programs include:

daily medical clinics and emergency transfer facility via clinic boat.
weekly antenatal classes
home visitation
satellite medical and eye camps
public health initiatives
expansion of electricity generation and subsided provision to the community
free electricity provision to the school
microfinance initiative
ongoing weekly and fortnightly discipleship classes for new converts and for the team.
the eye clinic was officially opened and is able to provide a three day a week service for eye screening for disease, cataract and glaucoma plus refraction, the only service in the region.

Financial Review

We have no administrative staff to pay. No-one in the UK receives a salary. Any visitors to the programs are responsible for their own costs except when financial assistance is occasionally possible, provided by designated funding where situations of financial hardship is evidenced and the potential benefit of visiting the programs evidential.

The financial reserves of the charity remain sound, allowing for both strategic planning and some months of contingency.

Plans for the future

The charity seeks to maintain its Christian witness in its work and see more people coming to the saving knowledge of Jesus Christ. It is planned to review opportunities for telemedicine and better satellite communications, as we encourage an increasing ownership of the work by the senior members of the team.

The aim long term continues to be to create a Nigerian led, self sustaining Mission that adheres uncompromisingly to Biblical Truth and the declaration of the Gospel. As God provides, we seek to expand the work to create more local clinics in remote areas where neither evidenced Health Care nor the Gospel, have penetrated. The Mission provides health care and support for all, without discrimination or prejudice, regardless of faith, income, or tribe.

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION TRUSTEES' REPORT (CONTD) FOR THE YEAR ENDED 31 DECEMBER 2020

Trustee responsibilities

The Trustees are responsible for preparing the Annual report and the Financial statements in accordance with applicable law and regulations.

Law applicable to charities in England and 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 surplus or deficit 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
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board of Trustees on 30 October 2021 and signed on its behalf, by:

Dr David Donovan Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW FOUNDATIONS (CHARITY NO. 1100698) ON THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2020, AS SET OUT ON PAGES 5 TO 11

Respective responsibilities of trustees and examiner

The charity's trustees 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 that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
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
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 the trustees concerning any 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.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jonathan Coe FCCA

Jonathan Coe (ACE Accountants) Limited

91 Out Westgate Bury St Edmunds Suffolk IP33 3NX

Date: 30th October 2021

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes INCOMING RESOURCES Donations & legacies Other Incoming Resources RESOURCES EXPENDED 5 Direct charitable expenditure Camp expenses Medical supplies & consumables Uniforms Clinic equipment & resources Training events & materials Evangelical resources & materials Travel expenses Depreciation Management and administration Administrative expenses Professional fees Bank charges Miscellaneous Total resources expended Net Incoming Resources Total funds brought forward Total funds carried forward	Restricted Unrestricted Funds Funds £ £ 20,184 92,223 - 95 20,184 92,318 5,223 24,660 - 4,364 - 722 - 1,751 - 163 - 6,510 - 5,523 - 2,838 5,223 46,531 - 956 - 1,274 - - - 115 - 2,345 5,223 48,876 14,961 43,442 24,000 117,653 38,961 161,095 - - - - - 2020 - - -	2019 TOTAL TOTAL FUNDS FUNDS £ 112,407 55,330 95 197 112,502 55,526 29,884 20,954 4,364 5,729 722 516 1,751 1,162 163 9,015 6,510 1,725 5,523 11,094 2,838 3,183 51,754 53,428 956 400 1,274 2,900 - 55 115 813 2,345 4,168 54,099 57,596 58,403 (2,070) 141,653 143,724 200,056 141,654 - -

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET AS AT 31 DECEMBER 2020

BALANCE SHEET AS AT 31 DECEMBER 2020
		2020		2019
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	7		62,461		65,299
			62,461		65,299
CURRENT ASSETS
Debtors & prepayments	8	-		-
Cash at bank and in hand		138,095		77,016
		138,095		77,016
CREDITORS:
Amounts falling due within one year	9	500		661
NET CURRENT ASSETS			137,595		76,355
TOTAL ASSETS LESS CURRENT	LIABILITIES		200,056		141,654
NET ASSETS			200,056		141,654
FUNDS OF THE CHARITY
Fixed Asset reserve			38,961		24,000
General fund (restricted)			-		-
General fund (unrestricted)			161,095		117,654
			200,056		141,654

Approved by the Board of Trustees on 30 October 2021 and signed on its behalf by:

Trustee

D Donovan

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 BASIS OF ACCOUNTING

The accounts 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, and 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,

the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

2 ACCOUNTING POLICIES
a. Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.

b. 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.

c. Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

d. Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

e. Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor and the amount of any tax reclaim has been quantified.

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.

f. Donated goods

impractical to do so.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

2 ACCOUNTING POLICIES (CONT'D.)
g. Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. The value to the charity of any property it occupies has only been accounted for where the charity has purchased such land and buildings (see note 7 below).

h. Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. In particular, some trustees with particular medical skills and experience have given considerable amounts of their time to the charity, although this has not been quantified. i. Income from bank interest

This is included in the accounts when receivable.

i. 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.

j. Redundancy cost

The charity made no redundancy payments during the reporting period.

k. Deferred income

No material item of deferred income has been included in the accounts.

l. Creditors

Where the charity has creditors, these are measured at settlement amounts less any trade discounts.

m. Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

n. Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. o. Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost or a reasonable market value on receipt.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its expected economic useful life:

Clinic equipment 25% cost

Depreciation is not provided on overseas land and property owned and occupied by the charity for its charitable activities as such assets are expected to retain their value over the period of ownership and the depreciable amount will therefore be nil.

The property value has been reviewed at the balance sheet date for any impairment requirement. p. 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. Subsequently, they are measured at the cash or other consideration expected to be received.

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

unrestricted 92,223 - -	2020 restricted £ 20,184 112,407 - - - -	2019 £ 49,680 - 5,650
92,223	20,184 112,407	55,330
		2019 £ 197
		7,445
		2019 £ 150
		350

NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

6 PAID EMPLOYEES

During the period no trustees received any remuneration for work carried out for the charity. The only payments for salaries, have been payments to fund overseas clinical workers, and these amounts have been included in camp expenses.

7 TANGIBLE FIXED ASSETS

Land & Clinic Property Equipment 58,621 54,017 - - - -	Office Equipment Total - 112,638 - - - -	2019 £ - -
58,621 54,017	- 112,638
- 47,339 - - - 2,838	- 47,339 - - - 2,838
- 50,177	- 50,177
58,621 6,678	- 65,299
58,621 3,840	- 62,461
		-
		2019 £ 661
		661