2021-12-31-accounts

REPORT AND ACCOUNTS AS AT 31 DECEMBER 2021

Our Moon Education Registered CharityNumber: 1165083	Our Moon Zambia Registered RNGO 101/0688/17
The Coach House Hurstwood Lane Tunbridge Wells Kent TN4 8YA UK	Registered address: 23/10 Chainda Simon Mwansa Kapwepwe Road Lusaka 10100, Zambia Physical Address: Our Moon Zambia Off Old Mumbwa Road Mbulo-Chipansha, Chibombo District Central Province,Zambia
[phone] [phone] Email: [e-mail]	[phone] [phone] Email:[e-mail]

TABLE OF CONTENTS

THE TREASURER’S FINANCIAL REVIEW ........................................................................................................... 3 STATEMENT OF FINANCIAL ACTIVITIES .......................................................................................................... 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OUR MOON EDUCATION ..................................... 12 LEGAL AND ADMINISTRATIVE INFORMATION .............................................................................................. 13

2

THE TREASURER’S FINANCIAL REVIEW

I am delighted to report that we again came through the pandemic issues relatively well intact. Although there have been significant pressures on fundraising, we have managed to grow our programme income and kept our expenses under good control, while benefiting many more people.

Income for the year was £65,083 (2020: £58,880). Therefore, despite the challenges that the COVID19 pandemic has placed on raising funds, we have seen a growth in programme income of 10.5%. This has come largely from growth in our supporter base which saw both our second charity ball and a number of online smaller events being very well attended as well as exceeding our target for the Big Give campaign.

The amount spent in the year was £87,707 (2020: £70,117). This was split between expenses on the charitable programmes of £79,876 (2020: £62,737) and investment in fixed assets in the year of £7,831 (2020: £7,380).

At the end of the year, the charity had unrestricted funds of £7,848 (2020: £7,302), restricted funds of £4,647 (2020: £11,288) and fixed assets of £76,300 (2020: £84,998). All restricted funds are restricted to spend on our Young Leaders programme, with the exception of a grant from Gilchrist Educational Trust which donated £1,150 towards fixtures and fittings for our programme.

RESERVES POLICY

The trustees aim to keep reserves at a level to cover six months’ project support and running costs. We recognise that this is a hard target to maintain, especially during these times, but feel it is the target we wish to strive for.

As stated above, spend on programmes for the year was £79,876. With unrestricted funds and funds restricted to the programme totalling £12,495 as at the end of December 2021, we are operating with reserves lasting approximately 2 months with pledges received from two donors for $30,000 payable in early 2022. The trustees, therefore, consider that there are no material uncertainties about the ability of Our Moon Education to continue as a going concern.

The accounts were approved by the trustees on 1[st] February 2022.

Alan Leale-Green Trustee: Our Moon Education Charity number: 1165083

3

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2021

Note Income from Donations 2.1, 3.1 Investment Income TOTAL INCOME Expenditure on raising funds 2.2, 3.2 Expenditure on charitable activities 2.2, 3.2 Expenditure on support costs 2.2, 3.2 Depreciation on Fixed Assets 2.3, 4.1 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS Total Funds Brought Forward Fund Transfers Total Funds Carried Forward	Unrestricted Funds 2021 Restricted Funds 2021 Fixed Asset Funds £ £ £ 32,963 32,120 -	Unrestricted Funds 2021 Restricted Funds 2021 Fixed Asset Funds £ £ £ 32,963 32,120 -	Total Funds 2021 £ 65,083 -	Total Funds 2020 £ 58,868 12
	32,963 32,120		65,083	58,880
	4,547 56,133 2,127	17,069	4,547 56,133 2,127 17,069	4,716 39,699 2,489 15,833
	6,67456,133	17,069	79,876	62,737
	26,289 -24,013 7,302 11,288 -25,743 17,372	-17,069 84,998 8,371	-14,793 103,588 -	-3,857 107,445 -
	7,848 4,647	76,300	88,795	103,588

4

BALANCE SHEET AS AT 31 DECEMBER 2021

			2021		2020
	Notes	£	£	£	£
Fixed Assets
Tangible fixed assets	4.1	76,300		84,998
Total Fixed Assets			76,300		84,998
Current Assets
Debtors and accrued income	8	2,110		11,549
Cash at bank and in hand	10	13,781		14,443
TOTAL CURRENT ASSETS			15,891		25,992
Current Liabilities
Creditors: amounts falling due within one year	9		3,396		7,402
NET CURRENT ASSETS			12,495		18,590
TOTAL ASSETS LESS CURRENT LIABILITIES			88,795		103,588
Represented by Income Funds
Unrestricted funds		7,848		7,302
Restricted funds		4.647		11,288
Total Income Funds			12,495		18,590
Fixed Assets Funds			76,300		84,998
TOTAL FUNDS			88,795		103,588

5

NOTES TO THE ACCOUNTS

NOTE 1: BASIS OF PREPARATION

1.1 BASIS OF ACCOUNTING

These 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.

They have been prepared in accordance with the accounting policies set out in Note 2 to the accounts. They comply with the charity’s constitution, the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS) applicable in the UK and Republic of Ireland (FRS 102, issued on 16 July 2014), FRS 102 and with the Charities Act 2011.

Notes to the accounts have only been produced when relevant to the accounts of Our Moon Education. Note numbers have been produced in accordance with the Charity Commission’s form CC17a.

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

The charity was entitled to exemption from audit under section 476 and 477 of the Companies Act 2006 relating to small companies.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. The accounts present a true and fair view and no changes have been made to the accounting policies or estimates with in the reporting period. There have been no prior year adjustments.

NOTE 2: INCOME AND EXPENDITURE

2.1 INCOME

Recognition of income: this is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, when it is more likely than not that the trustees will receive the resources and when the monetary value can be measured with enough reliability.

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.

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

There are no legacies within this accounting period.

The charity has not received government grants in the reporting period.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is 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.

2.2 Expenditure and liabilities

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.

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Fund balances carried forward include assets and liabilities denominated in Zambian kwacha converted at the rate when the currency was bought. There were no material differences at the year end.

6

2.3 Assets

Freehold land is not depreciated. Depreciation on other items of property, furniture and fittings are calculated using the straight-line method to allocate their depreciable amounts over their estimated useful lives as follows:

Buildings 5 – 10 years depending on building materials used Motor Vehicles 3 years Furniture and Fittings 5 years

The residual values estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each balance sheet date. The effects of any revision are recognised in profit or loss when the changes arise. There is money in future budgets allocated for maintenance of the assets.

There are no investments other than a deposit account at Barclays Bank in the UK.

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.

NOTE 3: INCOME AND EXPENDITURE 3.1 INCOME ANALYSIS

OTE 3: INCOME AND EXPENDITURE .1 INCOME ANALYSIS
	Unrestricted	Restricted	Total	Prior Year
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
	£	£	£	£
Donations, grants & gifts	32,963	32,120	65,083	58,868
Investment Income	-	-	-	12
Total Income	32,963	32,120	65,083	58,880
Included in donations, grants, and gifts above are:
Trusts and Foundations	-	6,152	6,152	6,863
Campaigns	-	4,244	4,244	13,320
Corporate giving	937	-	937	1,287
Major donors	4,636	1,161	5,797	4,450
Events	4,655	18,999	23,654	15,129
Regular donors	14,802	231	15,033	8,809
Other Donations	2,338	198	2,536	3,540
Gift Aid	5,595	1,135	6,730	5,470
TOTAL INCOME	32,963	32,120	65,083	58,868

7

3.2 CHARITABLE ACTIVITIES EXPENDITURE ANALYSIS

UK EXPENSES Direct Cost of Fundraising Literature & Brochures Printing Internet & Computer and Software Insurance Bank Charges Staff Training Accounting Fees Membership Fees & Subscriptions STUDENTS EXPENSES Food and toiletries Transport Books and learning materials SAT, university application and other uni expenses Internet and phone Other expenses ZAMBIAN STAFF EXPENSE Programme Staff Costs Motor Vehicle Expenses Rent and electricity Travel, Accommodation & Subsistence Food Internet and phone Insurances Fundraising costs Customs Charges Professional fees Bank charges & Fx differences Helen Leale-Green flight to Zambia Buildings’ maintenance Misc. DEPRECIATION Depreciation – Motor Vehicles Depreciation – Furniture & Fittings Depreciation – Buildings TOTAL FROM RESTRICTED FUNDS TOTAL FROM UNRESTRICTED FUNDS TOTAL EXPENDITURE

Charitable Activities Support Costs Fundraising Costs Total Restricted Unrestricted £ £ £ £ 4,239 4,239 308 308 -41 -41 741 741 353 353 252 252 20 20 600 600 202 202 10,667 10,667 818 818 1,666 1,666 1,920 1,920 953 953 806 806 20,656 20,656 5,184 5,184 754 754 1,828 1,828 3,556 3,556 1,752 1,752 332 332 266 266 450 450 34 34 340 340 1,237 1,237 2,195 2,195 719 719 2,906 2,906 614 614 13,549 13,549 73,202 73,202 2,127 4,547 6,674

73,202 2,127 4,547 79,876

The costs of charitable activities are primarily taken from restricted funds, but when that has been exhausted, the unrestricted funds are used.

8

NOTE 4: FIXED ASSETS

4.1 ANALYSIS OF FIXED ASSETS

E 4: FIXED ASSETS .1 ANALYSIS OF FIXED ASSETS
Motor Vehicles Cost of Motor Vehicle Depreciation Net Value Land Buildings (see below) Cost of Buildings Depreciation Net Value Furniture & Fittings Cost of Furniture & Fittings Depreciation Net Value Total Cost Total Depreciation Total Net Value	2021 2020 £ £ 16,532 16,532 16,532 12,167
	- 4,365
	12,855 8,545 88,364 83,420 26,814 13,265
	64,370 70,155
	3,118 2,531 1,212 598
	1,906 1,933 120,858 111,028 44,558 26,030
	76,300 84,998

4.2 DETAILED ANALYSIS OF LAND AND BUILDINGS

	Quantity	£
LAND including fencing and deeds	4.4 hectares	12,856
BUILDINGS
Workers homes (burnt bricks, plastered, with roofing sheers, windows and strong doors with locks	4	17,579
Student accommodation chalets (breeze blocks, plastered inside, stone clad outside, thatched roofs, aluminium windows all sides, steel doors and locks)	4	20,915
Kitchen (breeze blocks, roofing sheets, storage room with grill door and locks)	1	3,352
Storage building (breeze blocks, roofing sheets, 2 lockable rooms, 1 outdoor lockable space)	1	3,000
Tank stand with storage beneath, lockable door	1	4,000
Office (breeze blocks, aluminium windows, lockable door)	1	3,200
Dining building (wide room, 3 big sliding windows, 1 sliding door, roofing sheets balanced on poles)	1	5,080
Ablution block (breeze block, roofing sheets, 2 bathrooms, 2 toilets)	1	7,203
Solar system – electricity and pump	1	10,527
Shelter – breeze block, with thatched roof, paved floor	1	1,500
Guest chalet (breeze block, roofed, aluminium windows and door)	1	3,508
Learning forum – foundation only	1	8,000
Paving of internal spaces	Various	500
TOTAL BUILDINGS		88,364
TOTAL LAND AND BUILDINGS		101,220

9

NOTE 5: OTHER FEES

E 5: OTHER FEES
	2021	2020
	£	£
Independent examiners’ fees	600	600
Assurance services other than	-	-
independent examination
Tax advisory fees	-	-
Other fees in Zambia	34	-

Our accounts were independently reviewed by Chloe Way of Southworth and Co Ltd Chartered Accountants. Legal work is carried out by Morgan Lewis and Bockius LLP, on a pro bono basis.

NOTE 6: PAID EMPLOYEES

6.1 STAFF COSTS (ZAMBIA)

Salaries and wages Pension costs Health Care cost Other staff costs TOTAL SALARY COSTS	2021 2020 £ £ 17,622 13,691 1,235 386 1,036 566 763 -
	20,656 14,643

6.2 AVERAGE HEADCOUNT OF PERMANENT STAFF IN THE YEAR

Charitable activities Inhouse staff General workers TOTAL AVERAGE HEADCOUNT	2021 7 6 20 2020 2 0 0 33 2

During 2021, we employed a number of in-house staff and general workers. They work under separate contracts that, under local Zambian laws, require Our Moon to contribute to a government pension scheme, deduct the workers’ contributions and forward both contributions to the Zambian National Pension Scheme Authority (“NAPSA”). During 2020, we started operations at Our Moon from our site in Chibombo and people volunteered their time to work with us.

NOTE 7: PENSION SCHEME

The amount of £2,470 half by Our Moon and half from deductions from salaries, was paid to the Zambian Pension Authority in the year.

NOTE 8: DEBTORS AND PREPAYMENTS

Accrued income Other debtors TOTAL DEBTORS	2021 2020 £ £ 1,290 10,729 820 820 2,110 11,549

10

NOTE 9: CREDITORS AND ACCRUALS

TE 9: CREDITORS AND ACCRUALS
Accruals and deferred income Credit card balance Other creditors TOTAL CREDITORS	Amounts falling due within one year Amounts falling due after more than one year 2021 2020 2021 2020 £ £ £ £ 2,049 2,618 - - 668 2,152 - - 679 2,632 - -
	3,396 7,402 - -

NOTE 10: CASH AT BANK AND IN HAND

TE 10: CASH AT BANK AND IN HAND
	2021	2020
	£	£
TOTAL CASH AT BANK AND IN HAND	13,781	14,443

NOTE 11: TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

TRUSTEE REMUNERATION AND BENEFITS

None of the UK trustees have been paid any remuneration or received any other benefits from employment with the charity or related entity.

11

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OUR MOON EDUCATION

I report on the accounts of the Trust (Charity No. 1165083) for the year ended 31 December 2021.

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 REPORT

My examination was carried out in accordance with the 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 material matters have come to my attention which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set up in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date:

Chloe Way FCA Independent Examiner Southworth and Co Ltd Chartered Accountants Four Elms Edenbridge Kent

Signature:

12

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Richard Bowen (Chair)	Richard Bowen (Chair)
	Charles Coldman
	James Haughton (resigned 23 November 2021)
	John Kirkland (joined 15 April 2021)
	Alan Leale-Green
	Helen Leale-Green
	Vanessa Strauss
Charity number	1165083
Registered office	The Coach House
	Hurstwood	Lane
	Tunbridge Wells
	Kent TN4 8YA
Bankers	Barclays Bank plc
	8 Calverley	Rd
	Tunbridge Wells
	Kent TN1 2TB
Independent examiner	Chloe Way FCA
	Southworth and Co Ltd Chartered Accountants
	Four Elms
	Edenbridge
	Kent TN8 6NE

13

CONTACT DETAILS:

Helen Leale-Green - Helen.leale [e-mail] [phone]

Justin Mushitu

[e-mail] +260 97

SOCIALS:

LinkedIn - https://www.linkedin.com/in/helen-leale-green-26ba6150/ Facebook - https://www.facebook.com/ourmooneducation Instagram - https://www.instagram.com/ourmooneducation/ Twitter - https://twitter.com/ourmoon1

14