**NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION** (Charity no 1161188)
## **ANNUAL REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|Trustees|Dr D Donovan||
|---|---|---|
||Mrs S Donovan||
||Mrs A McCurry||
||Mr T Dawson||
|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||1-10|
|Independent Examiner's Report||11|
|Statement of Financial Resources||12|
|Balance Sheet||13|
|Notes||14 - 17|
## **Trustees’ Annual Report for the period**
**From 01/01/2023 Period start date**
**To 31/12/2023 Period end date**
## **Charity name: NEW FOUNDATIONS**
**Charity registration number:1161188**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are:
•
the relief of sickness and
advancement of health in the Niger
Delta in particular, but not exclusively,
by providing primary health care
programs, training to local health
care workers and/or access to
medical treatment;
•
the prevention and relief of poverty
for the public benefit in the Niger
Delta in particular, but not exclusively,
•
providing and/or maintaining power
generation and/or power supply
infrastructure and/or equipment for
the supply of power to health,
education, community facilities,
businesses and/or domestic
dwellings in the Niger Delta
•
providing grants, food, and on
occasions loans and/or other forms of
financial assistance and/or items,
facilities and/or services in each case
to individuals in need living in the
Niger Delta including, without
limitation, to employees of the CIO
and/or their dependants;
•
the advancement of education for the
public benefit by the provision of one
or more schools for children living in
the Niger Delta;
•
all in accordance with Christian
principles; and
•
to promote the Christian faith in
particular, but not exclusively by,
providing education, healthcare and
practical and financial assistance to
socially and/or economically
disadvantaged communities in the
Niger Delta.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and 1.19|•
Running two clinics at Enekorogha
and Oyangbene communities,
providing primary care programs,
employing 16 staff.
•
eye care programs , screening and
cataract surgery camps
•
education provided by two schools
situated in both Enekorogha and
Oyangbene communities
•
Regular evangelism camps
•
Home visitation, food provision and
assistance based on individual
circumstances within each
community ,|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit|Para 1.18|•
The Trustees have paid due regard
to guidance issued by the Charities
Commission in deciding what
activities the charity should
undertake. The Trustees are also
responsible for the preparation of the
accounts for the financial year having
had the accounts examined by a
person with accountancy/financial
training and occupation, and who has
a clear understanding of the running
of the charity, its aims and objectives|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|No grants are awarded to organisations
though from time to time in accordance with
the aims of the charity grants that secure
the physical or emotional well being are
given to individuals, eg for house repairs,
food provision, or secondary medical care
where there are no economic means to
pursue secondary medical investigations or
treatment|
|Policy on social investment
including program related
investment|Para 1.38|N/A|
|Contribution made by
volunteers|Para 1.38|•
Health education is given remotely
in eye care, medical care and early/
new born care by UK medical
professionals , all on a voluntary
basis|
|Other||N/A|
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|•
Establishment of a second pre
school for the most disadvantaged
children based at Enekorogha.
•
Two cataract camps undertaken in
collaboration with Tulsai Chanrai
Eye Care based at Calabar
•
Due to the worsening economy
locally and lack of food security for
both patients , community members
and staff, food provision is available
for all staff in addition to wages and
for inpatients and vulnerable
patients in the community
•
New boat for evangelism and eye
care visitation in remote riverine
communities
•
Week long fellowship , and teaching
camp for all staff and UK trustees
held in Abuja|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|•
Ongoing development of active
antenatal care and maternal and
infant health, and public health
initiatives. Reducing childhood
mortality
•
Improving staff morale with food
support and teaching
•
Expressed satisfaction and
appreciation from both communities
clinics are situated in and the wider
region. State dept of Primary Care
appreciative of the Missions work|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|N/A no active fund raining is undertaken|
|Investment performance
against objectives|Para 1.41|N/A|
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The bank reserves are in satisfactory order
to provide reserves to run the Mission for at
least 12 months|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|•
The Mission is needing to employ
more staff for the schools and
increasing numbers of pupils
•
The clinic requires more staff
especially health care assistants
•
The new boat is to be augmented by
a larger boats for more tidal regions
and a boatman will need to be
employed.
•
More cleaners are required and with
soaring inflation it is difficult to
project likely costs in the next year
and the Mission is already providing
employment for individuals who are
often the sole bread winner for a
family of 5+
•
Medication expenses and fuel are
increasing in costs
•
Food security is fragile and prices
are rising 30% yearly, for some
staples >50%
•
Building to enlarge the school and
the boat plus engine will take > 30K|
|Amount of reserves held|Para 1.22|50,000 is committed for resilience and
to cover expected inflationary rises|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Nil|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Individual donations, one off and regular,
plus church donations. No funds are actively
solicited from any parties and no loans
sought.|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A|
|A description of the principal
risks facing the charity|Para 1.46|•
The inflationary pressures across all
areas of the work makes budgeting
difficult, so financial planning is hard.
•
Increasing numbers of neglected
children from worsening economy,
and planned review of safeguarding
measures and reporting which is
difficult given the lack of local
provision for at risk children
•
Food security and energy security
are hard with fuel scarcity. Solar
system planned for the clinic to
ensure power throughout 24 hr cycle.|
|---|---|---|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing
document
(trust deed, royal charter)|Para 1.25|Constitution to be found at
https://register-of-
charities.charitycommission.gov.uk/en/
charity-search/-/charity-details/5048552/
governing-document|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointments discussed at AGM|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
In accordance with Charity Commission guidelines Policies and procedures adopted for the induction and Para 1.51 training of trustees
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|•
Day to day running and liaison with
Nigerian staff , David Donovan.
•
All Trustees communicate directly
with, and teach staff and Eye training
including Alanna McMurray and
Thomas Dawson
•
David Donovan Communicates with
Delta State Primary Care Department
Asaba Delta State Nigeria|
|---|---|---|
|Relationship with any related
parties|Para 1.51|•
Tulsai Chanrai Eye Program, Gov
Hospital , Calabar
•
New Foundations Christian Medical
Charity 21019 Nigerian Reg local
charitable body.|
|Other|||
## **Reference and Administrative details**
|Charity name|New Foundations|
|---|---|
|Other name the charity uses||
|Registered charity number|1161188|
|Charity’s principal address|15 Gilmerton Court
Trumpington
Cambridge
CB2 9HQ|
|||
## **Names of the charity trustees who manage the charity**
||**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
|
|---|---|---|---|---|
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|David Donovan|Administrator|Whole financial year|~~**(if any)**~~|
||Shirley
Donovan||Whole financial year||
||Alanna
McMurray||Whole financial year||
||Thomas
Dawson||Whole financial year||
||||||
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## Corporate trustees – names of the directors at the date the report was approved
**Director name** N/A
Name of trustees holding title to property belonging to the charity
||||||
|---|---|---|---|---|
||**Trustee name**|**Dates acted if not for whole year**|||
||N/A||||
||||||
||||||
||||||
||||||
||||||
||||||
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|N/A|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects||
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets||
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional** ~~**information)**~~
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)**
**Full name(s)** David Donovan
**Position (eg** Trustee **Secretary, Chair, etc)**
**Date** 28/10/2024
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW FOUNDATIONS (CHARITY NO. 1100698) ON THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2023, AS SET OUT ON PAGES 12 TO 17**
## **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
1. 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
2. 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**
85 Royal Avenue Lowestoft Suffolk NR32 4HJ
Date: _28th October 2024_
11
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|Notes
**INCOMING RESOURCES**
Donations & legacies
Other Incoming Resources
**RESOURCES EXPENDED**
5
**Direct charitable expenditure**
Camp expenses
Medical supplies & treatments
Uniforms
Clinic equipment & resources
Training events & materials
Evangelical resources & materials
Transport & freight costs
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**
**£**
**£**
6,720
75,957
-
1,556
6,720
77,513
2,193
41,401
4,795
7,348
-
278
120
4,993
-
101
-
1,357
-
-
-
12,655
-
42
7,108
68,175
-
485
-
500
-
18
-
50
-
1,053
7,108
69,228
(388)
8,285
35,944
192,537
35,556
200,822
**- - - - - 2023 - - -**|**TOTAL**
**FUNDS**
**£**
82,677
1,556
84,233
43,594
12,143
278
5,113
101
1,357
-
12,655
42
75,283
485
500
18
50
1,053
76,336
7,897
228,481
236,378
**- -**|**2022**
**TOTAL**
**FUNDS**
94,263
3,235
97,498
26,726
8,969
-
11,624
55
5,238
-
16,609
1,227
70,448
815
500
31
-
1,346
71,794
25,704
202,777
228,481|
|---|---|---|---|
12
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET**
## **AS AT 31 DECEMBER 2023**
|**2023**
Notes
**£**
**£**
FIXED ASSETS
Tangible assets
7
58,661
58,661
CURRENT ASSETS
Debtors & prepayments
8
-
Cash at bank and in hand
178,217
178,217
CREDITORS:
Amounts falling due within one year
9
500
NET CURRENT ASSETS
177,717
TOTAL ASSETS LESS CURRENT LIABILITIES
236,378
NET ASSETS
236,378
FUNDS OF THE CHARITY
Fixed Asset reserve
24,000
General fund (restricted)
11,556
General fund (unrestricted)
200,822
236,378|**£**
**£**
58,703
58,703
100
170,178
170,278
500
169,778
228,481
228,481
24,000
11,944
192,538
228,481
**2022**|
|---|---|
Approved by the Board of Trustees on 28 October 2024 and signed on its behalf by:
Trustee
D Donovan
13
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
- 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.
14
**NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
- 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.
15
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|3|GIFTS AND DONATIONS|||||
|---|---|---|---|---|---|
|||||**2023**|**2022**|
|||unrestricted|restricted|**£**|**£**|
||This includes:|||||
||Gifts and donations received|75,957|6,720|82,677|94,263|
||Donated goods, facilities & services|-|-|-|-|
||Tax reclaimable under gift aid|-|-|-|-|
|||75,957|6,720|82,677|94,263|
|4|OTHER INCOME
Bank & Building Society interest - unrestricted||**2023**
**£**
1,556||**2022**
**£**
67|
|5|RESOURCES EXPENDED
5.1 Included in Resources Expended are payments or reimbursements of out-of-pocket
made to trustees or to third parties for expenses incurred by trustees as follows:
**2023**
Number of trustees who were paid expenses
-
Nature of the expenses:
Camp expenses
-
Medical supplies & consumables
-
Uniforms
-
Clinic equipment consumables & resources
-
Training materials
-
Evangelical materials
-
Travel expenses
-
Office expenses
-
Clinic equipment
-||||expenses
**2022**
-
-
-
-
-
-
-
-
-
-|
||Total amount paid||-||-|
||5.2 Fees for examination or audit of the accounts
Independent examiner’s fees for reporting on the|accounts|**2023**
**£**
150||**2022**
**£**
150|
||Other fees payable to the independent examiner or auditor:
Accountancy services||350||350|
|||||||
16
## **NEW FOUNDATIONS CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## 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
Office
Property
Equipment
Equipment
Total
Cost:
At 1 January 2023
58,621
54,177
-
112,798
Additions
-
-
-
-
Disposals
-
-
-
-
At 31 December 2023
58,621
54,177
-
112,798
Depreciation
At 1 January 2023
-
54,096
-
54,096
Re disposals
-
-
-
-
Charge for year
-
42
-
42
At 31 December 2023
-
54,138
-
54,138
Net Book Value
At 1 January 2023
58,621
82
-
58,703
At 31 December 2023
58,621
40
-
58,661
8
DEBTORS
**2023**
**£**
Other Debtors
-
Prepayments and Accrued Income
-
-
9
CREDITORS: AMOUNTS FALLING DUE IN LESS THAN ONE YEAR
**2023**
**£**
Accruals and Deferred Income
500
500|**2022**
**£**
-
100
100
**2022**
**£**
500
500|
|---|---|
17