AFRICAN HEALTH FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023 Charity number: 1165391 S Moffatt FCA Independent Examiner African Health Foundation Financial Statements for the period ended 31 December 2023 Contents Page Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Accounts 6-7 African Health Foundation Financial Statements for the period ended 31 December 2023 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31ST DECEMBER 2023 Objectives and Activities The CIO exists for the public benefit, the relief and assistance of people in need in Ghana and such other parts of Africa, who are sick and may be near to death, in particular but not exclusively through raising awareness of the situation and conditions in respect ofend of life care in such parts of the world and through the provision of support. funds, or ServI￿S as the trustees may from time to time think The directors confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit. Structure, Governance and Management nd The corporation was constituted as a foundation CIO on 2 February 2016. In the event of the corporation being wound up, the members, who must also be trustees, are not required to contribute any amount towards the assets of the corporation. Achievements and Performance The trustees have a specific objective to raise awareness and funds in the United Kingdom for the Rose Ananse Memorial Hospice, Kumasi, Ghana which is providing palliative care to patients and their families in the local area. Rev Charles Amoah retired as Executive Chairman ofthe Rose Ananse Memorial Hospice Care (RAMHC), Board during the period and Mr K Twum has been appointed as acting CEO in the interim by RAMHC. He and the other board members continue to liaise with both the local hospital and the Ghana Baptist Medical College. The Nurse Director of RAMHC continues to make telephone support calls and has increased number of house visits. We are yet to hear that there will be any increase in support staff from the health authority. Covid restrictions in the UK have limited efforts to pursue and develop our connections in the UK, though we have been able to maintain our links with Dr David Roberts of Oxford Brooks College. During the year the trustees met on-line on 28- March and 1th September. when Rev Gyamfi and Mr K Twum, the new CEO, were in attendance. . Financial Review Fund raising: There has been no fvnd~raising activity this year due to the effects of Covid, but we continue to have two regular donations and are planning ways to increase this in 2024. Amazon Smile discontinued their support during the period to concentrate on the larger charities. A make-a-donation link is now available on the website. Expenses: We have only one funded expense (web site) with other expenses being met individually by the trustees. Reserves policy The trustees believe it is appropriate for the company to retain a reserve in the company of roughly six months anticipated expenditure and will seek to take the CIO to that position as it commences its activities. In the opinion of the trustees, the state of the CIO'S affairs is satisfactory. African Health Foundation Financial Statements for the period ended 31 December 2023 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31ST DECEMBER 2023 (continued) Future Plans We have maintained and updated our social media presence in sites on Linkedin and Facebook. We continue to contact by mail and email to a number of Baptist Churches in the UK. We are still looking at possible ways of increasing awareness and fvnding. A number of suggestions have been considered including making contact with prominent Ghanaians in the UK, creating a media release and encouraging more use ofAmazon Smile. We hope to produce some fonn of presslmedia release/report to try to gain a wider audience. The result of the pandemic has limited our UK operation. and coupled with a downtum in the economy it is proving harder to raise financial support. We are still tying to estsblish a system where RAMHC Gan report quarterly on their operations and requirements. This is to be pursued in 2023 Although opportunities for speaking engagements continued to arise to enable us to raise awareness of the needs of the hospice due to the lock-down in the United Kingdom Malcolm Johnston was unable fulfil any of these. The directors hope in due course to be able to fulfil these engagements. Summary This year has been difficult with the limitations following the COVID19 pandemic, and the downtum in economy but we have been able to continue to support RAMHC raising funding and awareness. It is hoped that in the coming year we can raise the profile and generate enough funding for the work in Ghana to continue and expand. Independent Examiner Having indicated his willingness to act, Stuart Moffatt was appointed to examine the financial statements for the year to 31 December 2023. Reference and Administrative Infonnation The trustees who served the company for the whole of the period were as follows: Charles F Amoah Geoffrey T Coyne Malcolm S Johnston Benjamin J O'Hanlon Principal office: Ty Newydd Heol Glantren Llanybydder SA40 9SA The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity trustees: Malcolm Truste ton 17 July 2024 African Health Foundation Financial Statements for the period ended 31 December 2023 REPORTOFTHE INDEPENDENTEXAMINER TOTHEMEMBERSOFAFRICAN HEALTH FOUNDATION I have examined the financial statements of African Health Foundation for the period ended 31st December 2023, which comprise the Statement of Financial Activities, Balance Sheet and the related notes set out on pages 5 to 8. Basis of independent examinerfs 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 conceming any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf 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 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 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Stuart Moffatt Chartered Accountant 2024 African Health Foundation Financial Statements for the period ended 31 December 2023 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) 2023 2023 Unrestricted Restricted Funds Funds 2023 Total Funds 2022 Total Funds (Unrestricted) Notes Incoming resources: Donations Interest Total 533 £ 533 619 540 £ 540 623 Outgoing resources: Bank charges Web-site costs Total 85 £ 85 81 20 101 85 £ 85 Operating surplus l (deficit) Grant to hospice 455 975 £ 455 £ 975 521 Net income l (expenditure) and net movement in funds (521) £ (521) 521 Reconciliation of funds: Funds at 1 January 2023 Surplus/(deficit) for the period Funds at 31 December 2023 4,065 521 3545 £ 4,065 521 £3545 3,544 521 4065 No operations were acquired or discontinued during the year. African Health Foundation Financial Statements for the period ended 31 December 2023 BALANCE SHEET AT 31ST DECEMBER 2023 Fixed assets: Investments Note 2023 2022 Current assets: Cash at bank Total current assets 3,545 £ 4 065 3 545 £ 4,065 Liabilities: Creditors: Amounts falling due within one year Net current assetsl(liabilities) Total net assets 3,545 £ 4,065 3545 £ 4065 The funds of the charity: Unrestricted funds Restricted income funds Total funds 3,545 £ 4,065 3545 £ 4065 These financial statements were approved by the trustees on ....... 2024 and signed on their behalf by: Malcol ston African Health Foundation Financial Statements for the period ended 31 December 2023 Notes to the financial statements ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Accounting convention The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102) using a receipts and payments basis. The financial statements are drawn up on the historical cost basis of accounting. African Health Foundation meets the definition of a public benefit entity under FRS 102. Going concern There are no material uncertainties about the charity's ability to continue. Income Voluntary income including legacies are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Expenditure Expenditure is included as paid. Charitable expenditure comprises all expenditure directly related to the objects of the charity. This includes govemance costs which represent the cost of compliance with constitutional and statutory requirements. Cash at bank Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit. Fund accounting The funds held by the charity are either: Restricted funds- these are funds that can only be used for particular restricted purposes within the objects ofthe charity. Restrictions arise when specified by the donororwhen funds are raised for particular purposes; or Unrestricted funds- these are funds which can be used in accordance with the charitable objects at the discretion of the directors. INCOME AND ENDOWMENTS 2023 2023 Unrestricted Restricted 2023 Total 2022 Unrestricted Income from charitable activities Donations 533 533 619 Total 533 533 619 All income arose within the UK. African Health Foundation Financial Statements for the period ended 31 December 2023 EXPENDITURE Other than to the bank and for the web-site no charges were incurred during the period. RESTRICTED FUNDS The CIO presently has no restricted or designated funds. INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICES FEES The independent examiner made no charge for his services. STAFF COSTS AND EMPLOYEE BENEFITS The charity did not employ any staff during the year. ASSETS HELD ON BEHALF OF THIRD PARTIES The CIO holds no assets for third parties. TRUSTEES, REMUNERATION No remuneration or benefits were paid to any of the trustees during the year. Also, there were no trustees, costs paid direct to third parties. TRUSTEES, EXPENSES No expenses were incurred by or reimbursed to Trustees during the period. There were no expense claims by trustees for the cost of travel to meetings and other events during the period. 10 TRUSTEES, DONATIONS Donations to the charity by the trustees during 2023 amounted to £170.