REGISTERED COMPANY NUMBER: CE004991 (England and Wales)
REGISTERED CHARITY NUMBER: 1162593
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
----- Start of picture text -----
FOR
AFRICA ANGELS
DRAFT
----- End of picture text -----
Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
AFRICA ANGELS
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
----- Start of picture text -----
Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3 to 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8
DRAFT
----- End of picture text -----
AFRICA ANGELS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2021.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheCharitywasfoundedin2015toprovideeducationandsafetytochildreninGambia.Thecharityseekstoensure that
these aims are reflected and met. The objectives and principle activities are to :
a) To develop and maintain a facility (School) in Gambia where children can develop, grow and learn.
b) To provide access to education in its fullest as a system of stability for children in danger and unsuitable conditions.
c) To advise and teach on how to enable a better standard of living and better environment for growth within the
surrounding area.
The construction of a second school commenced in the prior year.
document, a deed of trust, and constitutes a
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE004991 (England and Wales)
Registered Charity number
1162593
Registered office
2 Carisbrooke Drive
Worthing
West Sussex
BN13 3QT
Trustees
Mrs A Rusu
N Hann
Mrs E A Edwards
Ms A T Mihalcea
Ms O Cooke
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
Mrs E A Edwards - Trustee
Page 1
AFRICA ANGELS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
T
2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,715
EXPENDITURE ON
Raising funds
216
Other
23,785
Total
24,001
NET INCOME/(EXPENDITURE)
(9,286)
RECONCILIATION OF FUNDS
Total funds brought forward
13,026
TOTAL FUNDS CARRIED FORWARD
3,740 |
2020
Total
funds
£
19,626
-
9,351 |
|
9,351 |
|
10,275
2,751 |
|
13,026 |
The notes form part of these financial statements
Page 2
AFRICA ANGELS
BALANCE SHEET 31 MARCH 2021
|
2021
2020 |
|
Unrestricted
Total |
|
fund
funds |
Notes |
£
£ |
CURRENT ASSETS |
|
Cash at bank |
4,040
13,326 |
CREDITORS |
|
Amounts falling due within one year
4 |
(300)
(300) |
NET CURRENT ASSETS |
3,740
13,026 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
3,740
13,026 |
DRAFT
NET ASSETS
3,740
13,026
FUNDS
5
Unrestricted funds
3,740
13,026
TOTAL FUNDS
3,740
13,026
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea
ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ende
31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of th
Companies Act 2006 and
(b)
preparing financial statements which give a true and fair view of the state of affairs of the charitable company a
at the end of each financial year and of its surplus or deficit for each financial year in accordance with th
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A
2006 relating to financial statements, so far as applicable to the charitable company. |
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2021 in accordance with Section 476 of the Companies Act 2006.
(a)ensuringthatthecharitablecompanykeepsaccountingrecordsthatcomplywithSections386and387of the
Companies Act 2006 and
(b)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitablecompany as
attheendofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewith the
requirementsofSections394and395andwhichotherwisecomplywiththerequirementsoftheCompanies Act
2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 3
AFRICA ANGELS
BALANCE SHEET - continued 31 MARCH 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
A Rusu - Trustee
.............................................
N Hann - Trustee
.............................................
E A Edwards - Trustee
.............................................
O Cooke - Trustee
.............................................
A T Mihalcea - Trustee
The notes form part of these financial statements
Page 4
AFRICA ANGELS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
that aggregate all cost related to the category. they have been allocated to activities on a basis for particular restricted purposes within the objects or other benefits for the year ended 31 March
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norfortheyear ended
31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
3.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
19,626 |
EXPENDITURE ON |
|
Other |
9,351 |
NET INCOME |
10,275 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
2,751 |
TOTAL FUNDS CARRIED FORWARD |
13,026 |
continued...
Page 5
AFRICA ANGELS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Accrued expenses |
|
|
|
300 |
300 |
5. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
|
At |
|
|
|
At 1.4.20 |
|
in funds |
31.3.21 |
|
|
|
£ |
|
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
|
General fund |
|
13,026 |
|
(9,286) |
3,740 |
|
TOTAL FUNDS |
|
13,026 |
|
(9,286) |
3,740 |
|
DRAFT
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
14,715
(24,001)
TOTAL FUNDS
14,715
(24,001)
Comparatives for movement in funds
Net
movement
At 1.4.19
in funds
£
£
Unrestricted funds
General fund
2,751
10,275
TOTAL FUNDS
2,751
10,275 |
|
|
|
|
Movement
in funds
£
(9,286)
(9,286)
At
31.3.20
£
13,026
13,026 |
|
Comparative net movement in |
funds, included in the above are as follows: |
|
|
|
|
|
|
|
Incoming |
Resources |
|
Movement |
|
|
|
resources |
expended |
|
in funds |
|
|
|
£ |
|
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
|
General fund |
|
19,626 |
|
(9,351) |
10,275 |
|
TOTAL FUNDS |
|
19,626 |
|
(9,351) |
10,275 |
continued...
Page 6
AFRICA ANGELS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.19 |
in funds |
31.3.21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
2,751 |
989 |
3,740 |
TOTAL FUNDS |
2,751 |
989 |
3,740 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
DRAFT
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
34,341
(33,352)
TOTAL FUNDS
34,341
(33,352)
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021. |
Movement
in funds
£
989
989 |
|
|
6. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2021.
Page 7
AFRICA ANGELS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
|
|
2021 |
2020 |
|
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
|
Donations and legacies |
|
|
|
Donations |
|
14,715 |
19,626 |
Total incoming resources |
|
14,715 |
19,626 |
EXPENDITURE |
|
|
|
Other |
|
|
|
School build costs |
|
23,200 |
7,550 |
Support costs |
|
|
|
Management |
|
|
|
Subscriptions
Finance
Bank charges
Governance costs
Accountancy and legal fees
Travel
Total resources expended
Net (expenditure)/income |
AFT |
216
285
300
-
300
24,001
(9,286) |
216
148
300
1,137
1,437
9,351
10,275 |
This page does not form part of the statutory financial statements
Page 8