2023-10-31-accounts

2023 Annual Report

1st Nov 2022 to 31st Oct 2023

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REGISTERED CHARITY NO. 1169474
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2023 IMPACT

Meals Served

235,000+

New children admitted to Featherstale

Food & Hygiene Packages Distributed to Local Families in Need 200+

9 15

Dogs Rescued

Dogs Rehomed

10

Jobs providing Local Employment

130+

In alignment with our commitment to empowering women. The NGO workforce is comprised of over 70% women, spanning all areas of operations.

PROJECTS & ACHIEVEMENTS

Featherstale Children's Village continues to be a loving home for 100+ children. Before our guardianship, some of the children were neglected, abused or abandoned. Other special needs children come to live at the village with their single mothers. The mothers are given the opportunity to earn an income working as caregivers or have the opportunity to work out in the community knowing their children are being cared for. The nurses and therapy team continued to bring progress and improvement to the children children's lives.

Angels Gate Center for Street Involved Children continues to be a safe home, aiding in the rehabilitation of boys who have suffered traumatic events living on the streets. Depending on their age and proficiency level, the boys attend primary and secondary school, or vocational and college course. The Music and Arts School, located next to Angels Gate, continues to provide the boys an outlet for self-expression and healing through music and art. Thirty boys lived at Angels Gate during 2023. Two of these boys graduated secondary school and started vocational training. We wish them, and all the boys great success as they work towards improving their futures.

Community Outreach continues to provide nutritional support and hygiene packages to underprivileged families in the local communities. The outreach team works tirelessly to identify children in need of rescue and support people in crisis and provide assistance to individuals in need of medical care and hospitalization.

Dog Rescue Shelter continues to provide essential care, including medical treatment and shelter, for abandoned or mistreated dogs, improving their quality of life and giving them a chance at adoption. Through education and community outreach the dog rescue aims to help shift cultural attitudes towards animals, fostering a more compassionate and humane society.

Empowering Woman

My life has improved so much. I started as a caregiver but now I have become a teacher. I came to Share Tanzania as a single abandoned mother, but I started a new family here in Share Tanzania. I love teaching our lovely children, singing with them, playing different games, and see them grow in their talents.

Share Tanzania gives value to people who feel invaluable. It motivates me is because it values single mothers who have special needs children, as for me I am a living proof that Share Tanzania does value single mothers with special needs children. -Pamela

Pamela has been part of the Share Tanzania family for 7 years and has completed education to become a teacher.

CRIATOR SIIAAI FQUPIDATIQM Share Tanzania

REGISTERED CHARITY NO. 1169474

Mission & Objective

The Creator Share Foundation, formally Share Tanzania aims to alleviate poverty for public benefit, through the creation of children’s homes, community buildings, grants, school fees, medical fees, books, equipment to children and young people, hygiene and nutritional support for vulnerable individuals, those with special needs, HIV/Aids, children who experienced hardship of life on the streets, children who are struggling and dealing with trauma, elderly in need and single guardians caring for children living in Tanzania and animal welfare. We have referred to the guidance contained within the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives, and in planning our future events.

Trustees

The trustees oversee the affairs of the charity. The trustees are responsible for the maintenance and integrity of the charity. Trustee’s are assigned specific duties but have all collaborated and helped outside of assigned duties to optimize the efficiency of the charity. The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and regulations made thereunder. They are also responsible for safeguarding the assets of the charity, taking reasonable steps for the prevention and detection of fraud, and other irregularities.

Trustees who held office during the year: George Bruce Frank John Coppen Jacqueline Anne Pickworth Samantha L. A. Smalling Johannes Harding (from April 2023) Lauren Grey (from May 2023)

Structure, Governance and Management

The Creator Share Foundation is a Charitable Incorporated Organization which is governed by a foundation constitution. Trustees can be appointed by other trustees, with a minimum of two and a maximum of twelve trustees. Decisions are made at trustee meetings, in writing and/or electronic forms agreed upon by charity trustees. Meetings take place via online video calls or in person. Informal correspondences by email, WhatsApp, Facetime or in person. Meetings are held monthly with an AGM in November. Trustees periodically review governance to ensure that appropriate structures and mechanisms are in place as the charity evolves. Safeguarding items are continually reviewed and continual safeguarding training is required.

Charitable Contributions

The majority of funds received by The Creator Share Foundation are individual donations made through our website. Donations in foreign currencies are translated into sterling at the rate of exchange on the date of transaction. Exchange differences are taken into account in arriving at the net incoming resources for the year. The charity also receives funds by way of restricted and unrestricted grants, from foundation and corporate entities.

Grant Making Policy

The charitable activities of The Creator Share Foundation are achieved through its grant making policies and by the provisions of the mission of the charity. For the 2022-2023 year we granted funds to the Tanzanian NGO, Share Tanzania and A Light in Africa. We have continued to have significant collaboration with the NGO by discussing which of their works to support through grants. Reports are received from the NGO on activities and overall progress toward each year’s budget and planning. The charity supports the full running costs, projects, and expansion of the NGO through its grants.

FINANCIAL SUMMARY

Sharing can, and does change lives.

With heartfelt gratitude, we extend our thanks to our supporters worldwide for embracing our vision of creating a better and safer world. Our work is only possible because of donors like you. Your willingness to care and act has profoundly impacted countless lives.

Income

Financial year 1st Nov 2022 to 31st Oct 2023 Total £835,817

Contributions are categorized as donations from individual supporters, grants from corporations and foundations, and Gift Aid. No restricted funds were received during the financial year.

Expenditure

Financial year 1st Nov 2022 to 31st Oct 2023 Total £736,615 Expenditures are categorized as charitable activities, raising funds, and governance.

Any reserves held over into the following financial period will be paid out to the NGO according to the project it has been earmarked for and when it is requested.

We the Trustees of The Creator Share Foundation, look forward to a new year with our close partnership with the recipient NGO and the new projects we take on. This report was approved by the Trustees and signed on their behalf by

Johannes Harding, Treasurer Board of Trustees

The Creator Share Foundation Registered Charity no. 1169474

Email: [e-mail] Website: www.sharetanzania.co.uk/

Report prepared by: Maria J Nunley

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CREATOR SHARE FOUNDATION (PREVIOUSLY KNOWN AS SHARE TANZANIA)

I report to the trustees on my examination of the accounts of The Creator Share Foundation (‘the charity’) for the year ended 31 October 2023.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the charity’s income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member both of the Association of Chartered Certified Accountants and the Association of Charity Independent Examiners, both listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out 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 no concerns and 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.

Mr J P Foxwell FCCA FCIE

independent-examiner.net

39 Enfield Road Poole BH15 3LJ

Date: 29 August 2024

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THE CREATOR SHARE FOUNDATION

Statement of Financial Activities For the Year Ended 31 October 2023

			2023	2022
	Unrestricted	Restricted	Total	Total
	£	£	£	£
Income:
Donations and legacies	836,298	-	836,298	501,467
Investment income (interest)	-	-	-	11
	─────	────	─────	─────
Total income	836,298	-	836,298	501,478
	─────	────	─────	─────
Expenditure:
Expenditure on raising funds	45,632	-	45,632	30,188
Expenditure on charitable activities	690,983	-	690,983	537,461
Other expenditure	-	-	-	791
	─────	────	─────	─────
Total expenditure	736,615	-	736,615	568,440
	─────	────	─────	─────
Net income/(expenditure) for the year	99,683	-	99,683	(66,962)
	────	────	────	────
Net movement in funds	99,683	-	99,683	(66,962)
Reconciliation of funds:
Total funds brought forward	37,300	nil	37,300	104,262
	─────	─────	─────	─────
Total funds carried forward	£136,983	£nil	£136,983	£37,300
	═════	═════	═════	═════

The Statement of Financial Activities reflects the results of continuing activities for the year.

There are no recognised gains and losses other than those shown in the Statement of Financial Activities.

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THE CREATOR SHARE FOUNDATION

Balance Sheet at 31 October 2023

	Notes		2023		2022
		£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		136,983		37,300
CREDITORS – AMOUNTS FALLING
DUE WITHIN ONE YEAR		-		-
		─────		─────
NET CURRENT ASSETS			136,983		37,300
			─────		────
NET ASSETS			£136,983		£37,300
			═════		════
FUNDS
Unrestricted general fund			136,983		37,300
Restricted funds			-		-
			─────		─────
			£136,983		£37,300
			═════		═════

Approved by the trustees and signed on their behalf by

Bruce Coppen Trustee

Date: 26 August 2024

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THE CREATOR SHARE FOUNDATION

Notes to the Financial Statements For the Year Ended 31 October 2023

1 ACCOUNTING POLICIES

(a) Accounting convention and basis of preparation

The accounts (financial statements) 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.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011.

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

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

(b) 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.

(c) 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.

(d) Taxation

The charity is exempt from tax on its charitable activities.

(e) 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.

2

TRUSTEES’ REMUNERATION AND EXPENSES

One trustee (Maria Nunley) received remuneration of £12,848 (2022 - £10,804) as approved by the Charity Commission on 24 February 2022. Maria stepped down from the Board in May 2023 and is now an employee.

No trustees received reimbursement of marketing expenses (2022 – one trustee received £763), or reimbursement of travel expenses (2022 – £4,500).

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