**REGISTERED COMPANY NUMBER: CE004991 (England and Wales) REGISTERED CHARITY NUMBER:** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **FOR AFRICA ANGELS** Galloways Accounting (Hove) Limited 15 West Street Brighton East Sussex BN1 2RL **AFRICA ANGELS** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Statement of Financial Activities**||2|| |**Balance Sheet**||3|| |**Notes to the Financial Statements**|4|to|6| |**Detailed Statement of Financial Activities**||7|| **AFRICA ANGELS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Charity was founded in 2015 to provide education and safety to children in Gambia. The charity seeks to ensure 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. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE004991 (England and Wales) ## **Registered Charity number** ## **Registered office** The Mill Building 31-35 Chatsworth Road Worthing West Sussex BN11 1LY ## **Trustees** Mrs A Rusu N Hann Ms A T Mihalcea Approved by order of the board of trustees on 28 August 2025 and signed on its behalf by: Ms A T Mihalcea - Trustee Page 1 **AFRICA ANGELS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,407 3,775
Other trading activities 2 2 -
Total 4,409 3,775
EXPENDITURE ON
Raising funds - 91
Other 6,716 360
Total 6,716 451
NET INCOME/(EXPENDITURE) (2,307) 3,324
RECONCILIATION OF FUNDS
Total funds brought forward 3,139 (185)
TOTAL FUNDS CARRIED FORWARD 832 3,139
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The notes form part of these financial statements Page 2 **AFRICA ANGELS** ## **BALANCE SHEET 31 MARCH 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 1,641 3,828
CREDITORS
Amounts falling due within one year 5 (809) (689)
NET CURRENT ASSETS 832 3,139
TOTAL ASSETS LESS CURRENT LIABILITIES 832 3,139
NET ASSETS 832 3,139
FUNDS 6
Unrestricted funds 832 3,139
TOTAL FUNDS 832 3,139
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2025 and were signed on its behalf by: A Rusu - Trustee N Hann - Trustee A T Mihalcea - Trustee The notes form part of these financial statements Page 3 **AFRICA ANGELS** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **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. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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. OTHER TRADING ACTIVITIES** **----- Start of picture text -----**
|||| |---|---|---| |2025|2024| |£|£| |Deposit account interest|2|-| **----- End of picture text -----**
## **3.** ## **TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
||| |---|---| |Unrestricted| |fund| |£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|3,775| |EXPENDITURE ON| |Raising funds|91| |Other|360| |Total|451| |NET INCOME|3,324| |RECONCILIATION OF FUNDS| |Total funds brought forward|(185)| |TOTAL FUNDS CARRIED FORWARD|3,139| **----- End of picture text -----**
Page 4 continued... **AFRICA ANGELS** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
Accrued expenses||**2025**
**£**
**329**
**480**|2024
£
329
360| |---|---|---|---| |||**809**|689| |**6.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund|At 1.4.24
£
**3,139**|Net
movement
in funds
£
**(2,307)**|At
31.3.25
£
**832**| |**TOTAL FUNDS**|**3,139**|**(2,307)**|**832**| |Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund|Incoming
resources
£
**4,409**|Resources
expended
£
**(6,716)**|Movement
in funds
£
**(2,307)**| |**TOTAL FUNDS**|**4,409**|**(6,716)**|**(2,307)**| |**Comparatives for movement in funds**
**Unrestricted funds**
General fund|At 1.4.23
£
(185)|Net
movement
in funds
£
3,324|At
31.3.24
£
3,139| |**TOTAL FUNDS**|(185)|3,324|3,139| |Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund|Incoming
resources
£
3,775|Resources
expended
£
(451)|Movement
in funds
£
3,324| |**TOTAL FUNDS**|3,775|(451)|3,324| |A current year 12 months and prior year 12 months combined position is as
**Unrestricted funds**
General fund|follows:
At 1.4.23
£
(185)|Net
movement
in funds
£
1,017|At
31.3.25
£
832| |**TOTAL FUNDS**|(185)|1,017|832| Page 5 continued... **AFRICA ANGELS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **6. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
Resources
resources
expended
£
£
8,184
(7,167)|Movement
in funds
£
1,017| |---|---|---| |**TOTAL FUNDS**|8,184
(7,167)|1,017| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. Page 6 **AFRICA ANGELS** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 4,407 3,775
Other trading activities
Deposit account interest 2 -
Total incoming resources 4,409 3,775
EXPENDITURE
Other
Staff Costs 246 -
Tuition Fees 744 -
Teacher Wages 2,016 -
Repairs 2,598 -
Computer Expenses 138 -
Exchange losses 421 -
6,163 -
Support costs
Management
Subscriptions - 90
Finance
Bank charges 73 1
Governance costs
Accountancy and legal fees 480 360
Total resources expended 6,716 451
Net (expenditure)/income (2,307) 3,324
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This page does not form part of the statutory financial statements Page 7