| Page | ||||
|---|---|---|---|---|
| Reference and administrative details ofthe charity, its trustees |
and advisers | |||
| Trustees' report |
3-8 | |||
| Independent Examiner's |
report | |||
| Statement ofFinancial | Activities | 10 | ||
| Balance Sheet | ||||
| Notes to the financial | statements | 12 — 17 |
| Trustees | Simon Howard, | Chair | |||
|---|---|---|---|---|---|
| Tony Barwell | |||||
| Graham Brewer | |||||
| Lloyd Cheshire | |||||
| Mark Dowding | |||||
| Ralph Turner (resigned | 12January 2022) | ||||
| Glyn Williams | |||||
| Charity Registered | Number | 1162211 | |||
| Registered | Office | Crendon House | |||
| Westfield Road | |||||
| Long Crendon | |||||
| HP18 9EW | |||||
| Independent | Examiner | Gary Brookes FCA BScFCIE | |||
| Bankers | The Co-operative | Bank | pic | ||
| PO Box50 | |||||
| Skelmersdale | |||||
| WN8 6YL | |||||
| Solicitors | Anthony Collins, |
Solicitors | |||
| 134Edmund Street |
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| Birmingham | |||||
| B32ES |
| Restricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| Total Funds | Total Funds | |||||
| Funds | Funds | |||||
| Notes | 2022 | 2022 | 2022 | 2021 | ||
| f | f | f | ||||
| Income from: | ||||||
| Donations | 4 | 71,807 | 300,188 | 371,995 | 525 380 | |
| Total Income | 71,807 | 300,188 | 371,995 | 525,380 | ||
| Expenditure on: |
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| Charitable Activities |
75,830 | 262,263 | 338,093 | 471,589 | ||
| Raising funds | 36,641 | 36,641 | 38,811 | |||
| Total Expenditure | 75,830 | 298,904 | 374,734 | 510,400 | ||
| Net (Expenditure) /Income | (4,023) | 1,284 | (2,739) | 14,980 | ||
| Reconciliation offunds | ||||||
| Total funds brought | forward 1April 2021 | 22,532 | 87,879 | 110,411 | 95,431 | |
| Total funds carried forward 31March 2022 | 18,509 | 89,163 | 107,672 | 110,411 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash at bank and in hand | 124,995 | 136,139 | ||||
| Debtors | ||||||
| 124,995 | 136,139 | |||||
| Creditors: amounts falling due within one year | (25,728) | |||||
| Net Assets | 107,672 | 110,411 | ||||
| Charity Funds | ||||||
| Restricted | Funds | 18,509 | 22,532 | |||
| unrestricted | Funds | 89,163 | 87,879 | |||
| Total Funds | 107,672 | 110,411 |
| Note 2 | Accounting policies |
Accounting policies |
|---|---|---|
| Recognition of | income | Income is included in the Statement ofFinancial Activities (SoFA)when: |
| the charity becomes entitled to the resources; | ||
| it ismore likelythan notthat thetrusteeswill receivethe resources; and |
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| the monetaryvaluecan bemeasured with sufficient reliability. |
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| Grants and donations | Grants and donations are only included in the SoFAwhen the general income recognition |
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| criteria are met. | ||
| In the case ofperformance related grants, income is only recognised to the extent that the |
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| charity has provided the specified goods or services as entitlement tothe grant only |
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| occurs when the performance related conditions are met. |
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| Legacies | I egacies are included in the SOFA when receipt Isprobable, that is, when there has been |
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| grant ofprobate, the executors have established that there are sufficient assets in the |
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| estate and any conditions attached to the legacy are either within thecontrol ofthe |
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| charity or have been met. | ||
| Tax reclaims on | donations | Gift Aid receivable is included in income when there is a valid declaration from the donor. |
| and gifts | Any Gift Aid amount recovered on a donation isconsidered to be part ofthat gift and is |
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| treated as an addition tothesamefund asthe initial donation unlessthe donor orthe |
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| terms oftheappeal havespecified otherwise. |
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| Donatedgoods | Donated goodsare measured at fair value(theamount for which theasset could be |
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| exchanged) unless impractical to do so. |
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| The cost ofany stock ofgoods donated for distribution to beneficiaries isdeemed to be |
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| the fair value ofthose gifts at the time oftheir receipt and they are recognised on receipt. |
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| In the reporting period in which the stocks are distributed, they are recognised as an |
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| expense at the carrying amount ofthe stocks at distribution. | ||
| Gifts in kind for use by the charity are included in the SoFA as income from donations |
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| when receivable. |
| Challenge | Challenge | Ministries | Ministries | Swaziland | Swaziland | Swaziland | UK | ||
|---|---|---|---|---|---|---|---|---|---|
| forthe year ended 31March 2022 | |||||||||
| Notes to | the | accounts | (continued) | ||||||
| Note 2 (continued) | Accounting policies |
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| Donated | services and | facilities | Donated servicesand facilities areincluded in theSOFAwhen received |
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| atthevalueofthegift tothecharity provided thevalue ofthe gift can |
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| be measured reliably. |
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| Supportcosts | The charity has incurred expenditure on support costs. Support costs |
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| have been allocated between governance costs and other support. |
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| Governance costs comprise all costs involving public accountability |
of | ||||||||
| the charity and its compliance with regulation and good practice. |
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| Volunteer | help | The value ofany voluntary help received is not included in the accounts |
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| but isdescribed in the trustees' annual report. |
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| Liability | recognition | Liabilities are recognised where it is more likely than not that there is a |
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| legal orconstructiveobligation committingthecharityto payout |
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| resources and the amount ofthe obligation can be measured with |
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| reasonable certainty. | |||||||||
| Governance | and supportcosts | Support costs have been allocated between governance costs and other | |||||||
| support. Governance costs comprise all costs involving public |
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| accountability ofthecharity and its compliance with regulation and |
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| good practice. | |||||||||
| Grants with | performance | conditions | Where the charity gives agrant with conditions for its payment being |
a | |||||
| specific level ofservice or output to be provided, such grants are only |
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| recognised in the SoFAonce the recipient ofthe grant has provided the |
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| specified service oroutput. | |||||||||
| Note 3 | Keyjudgementsand assumptionsconcerningthe future in applying |
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| the accounting policies | |||||||||
| Donations | received relating to | Mission | Impact trips planned for after the year end have not been recognised as |
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| income. | Given the impact | ofthe COVID | 19pandemic, trips have been cancelled or postponed so it has been |
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| assumed | that | these donations | may | need | to be repaid after the year end. |
| Note 4 Donations |
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|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| f | f | f | f | f | f | |
| Child Sponsorship | 1D6,566 | 106,566 | 97,076 | 97,076 | ||
| Donations and gifts | 69,378 | 150,599 | 219,977 | 39,124 | 344,634 | 383,758 |
| Gift Aid | 2,429 | 43,023 | 45,452 | 1,170 | 43,376 | 44,546 |
| TOTAL | 71,807 | 300,18S | 371,995 | 40,294 | 485,086 | 525,380 |
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| f | f | f | f | f | f | ||||
| Funds transferred | to Swaziland | 71,253 | 230,773 | 302,026 | 42,282 | 403,146 | 445,428 | ||
| Mission Impact | (7,132) | (7,132) | |||||||
| Shippingcosts | 4,641 | 4,641 | 3,480 | 3,480 | |||||
| Support Costs(Note 7) | 4,577 | 26,849 | 31,426 | 2,777 | 27,036 | 29,813 | |||
| TOTAL | 75,830 | 262,263 | 338,093 | 45,059 | 426,530 | 471,589 | |||
| Note 6 | Expenditure | on raising | funds | ||||||
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||||
| Funds | Funds | Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| f | f | f | f | f | f | ||||
| Staffcosts | 36,538 | 36,538 | 38,721 | 38,721 | |||||
| Marketing | and event costs | 103 | 103 | 90 | 90 | ||||
| TOTAL | 36,641 | 36,641 | 38,&11 | 38,811 |
| Note 7 Support Costs |
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|---|---|---|
| 2022 | 2021 | |
| 6 | 6 | |
| Staffcosts | 15,290 | 13,635 |
| Office costs | 2,088 | 12,958 |
| Travel and subsistence costs | 288 | |
| ITConsultancy | 4,500 | |
| ITcosts | 6,315 | 2,430 |
| Governance costs | 2,945 | 790 |
| TOTAL | 31,426 | 29,813 |
| Note 8 Creditors: amounts falling due within one year |
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|---|---|---|
| 2022 | 2021 | |
| 6 | 6 | |
| Deferred income | 16,370 | 20,702 |
| Taxation and social security | 860 | 521 |
| Other creditors | 93 | 4,505 |
| 17,323 | 25,728 |
| Note 9 Funds |
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|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Balance at | ||||||
| 1April | to | Allocated | 31March | |||||
| 2021 | Income | Eswatini | costs | 2022 | ||||
| 6 | 6 | |||||||
| Restricted funds | ||||||||
| Mhlanghatane | ln Community, | ByCommunity | 20,134 | (20,134) | ||||
| Mhlindazwe ln |
Community, | ByCommunity | 500 | 900 | (1,260) | (140) | ||
| Water pipeline | 982 | 120 | (900) | (82) | 120 | |||
| Borehole | 13,660 | 13,660 | ||||||
| Solar lighting | 7,187 | (6,925) | (262) | |||||
| Phephile leg |
766 | (766) | ||||||
| Potters Wheel | 23,000 | (19,800) | (2,200) | 1,000 | ||||
| Ward support | 4,725 | (4,253) | (472) | |||||
| Men's Centre | 650 | (495) | (55) | 100 | ||||
| Women's Centre | 1,881 | (1,316) | (94) | 471 | ||||
| Tertiary education | support | 766 | 15,497 | (12,799) | (1,204) | 2,260 | ||
| Provision ofpresents | 150 | 462 | (544) | (68) | ||||
| Medical Emergency |
Fund | 157 | 157 | |||||
| Shoes for Orphans | 2,802 | (2,061) | 741 | |||||
| Total restricted | funds | 22,532 | 71,807 | (71,253) | (4,577) | 18,509 | ||
| Unrestricted funds |
87,879 | 300,188 | (230,773) | (68,131) | 89,163 | |||
| Total funds | 110,411 | 371,995 | (302,026) | (72,708) | 107,672 |
| Note 10 Analysis ofnet assets bet |
ween funds | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| Funds | Funds | 2022 | |
| E | |||
| Debtors | |||
| Cash | 124,995 | 124,995 | |
| Liabilities | (17,323) | (17,323) | |
| Net assets | 107,672 | 107,672 | |
| Restricted | Unrestricted | Total | |
| Funds | Funds | 2021 | |
| f | f | ||
| Debtors | |||
| Cash | 22,532 | 113,607 | 136,139 |
| Liabilities | (25,728) | (25,728) | |
| Ne't assets | 22,532 | 87,879 | 110,411 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | |||
| Notes | 2021 | 2021 | 2021 | ||
| f | f | f | |||
| Income from: | |||||
| Donations | 4 | 40,294 | 485,086 | 525,380 | |
| Total income | 40,294 | 485,086 | 525,380 | ||
| Expenditure on: |
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| CharitableActivities | 45,059 | 426,530 | 471,589 | ||
| Raising funds | 38,811 | 38,811 | |||
| Total Expenditure | 45,059 | 465,341 | 510,400 | ||
| Net income/(expenditure) | (4,765) | 19,745 | 14,980 | ||
| Reconciliation offunds |
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| Total funds brought | forward 1April 2020 | 27,297 | 68,134 | 95,431 | |
| Total funds carried | forward 31March 2021 | 22,532 | 87,879 | 110,411 |