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2022-02-28-accounts

Objectives an d A ctivities
SORPreference
Summary of the Para1.17 - Promoting quality education for children in a safe
purposes of the andencouragingenvironment
charity as set out -Encouragingself-sustainableprojectstohelpbreak
in its governing therelianceonaid
document - Providing humanitarian support where and when
needed
Summary of the
main activities in
relation to those
purposes for the
public benefit, in
particular, the
activities, projects
or services
identified in the
accounts.		 Para1.17and
1.19		 -Buildingandrepaircommunityschools,aswell
helphelpingsupportteachers
- Proving childeducation sponsorship programs
forthosewhocannotaffordeducation
- Higher education support through local and
internationaluniversityprograms
Provide
infrastructure
for
community
agriculturalgardensforself-sustenance
- Build and repair masjids and schools for
communityuse
- Building water wells providing safe drinking
waterthatiseasily accessible
-Regularfooddistributiontostrugglingfamilies
- Social welfare through examples such as
medicalsupportandclothesdistribution
Statement Para1.18 The
Charity’s
trustees
are responsible
for
the
confirming whether preparation of the accounts in accordance with the
the
trustees have		 terms ofthe CompaniesAct 2006, theCharitiesAct
had regard to the 2011 and the Charities (Accounts and Reports)
**guidance issued ** by Regulations
2008.
Notwithstanding
the
explicit
the
Charity		 requirement in the extant statutory regulations, the
Commission on Charities9AccountsandReports)Regulations2008,
public benefit to prepare the financial statements in accordance
with the SORP 2005, in view of the fact that the
SORP 2005 has been withdrawn, the Trustees
determinedtointerpretthisresponsibilityasrequiring
themtofollowcurrentbestpracticeandpreparethe
accounts
according
to
the
FRS
102
SORP
Page1of9
(Statement
of
Recommended
Practice
for
Accounting and Reporting by Charities) 2015, (as
amended by the Bulletin issued in February 2016),
(TheSORP).
The Trustees are also responsible for maintaining
adequate accounting records which disclose with
reasonableaccuracyatanytimethefinancialposition
of the charity and which are sufficient to show and
explainthecharity’stransactionsandenablethemto
ensure
that
the
statements
comply
with
the
companies Act 2006 and comply with regulations
made under the
Charities Act.
They
are
also
responsibleforsafeguardingtheassetsofthecharity
and hence for taking reasonable steps for the
prevention
and
detection
of
fraud
and
other
irregularities.
TheTrusteesarealsoresponsibleforthecontentsof
the Trustees’ report, and the statutory responsibility
of the Independent Examiner in relation to the
Trustees’reportislimitedtoexaminingthereportand
ensuringthat, onthe face ofthe report, there areno
materialinconsistencies with the figuresdisclosedin
thefinancialstatements.
The
Charity’s trustees
are
responsible
for
the
preparation of the accounts in accordance with the
terms of the Companies Act 2006, the Charities Act
2011 and the Charities (Accounts and Reports)
Regulations2008,topreparethefinancialstatements
inaccordancewiththeSORP2005,inviewofthefact
that the SORP 2005 has been withdrawn, the
Trusteesdeterminedtointerpretthisresponsibilityas
requiring them to follow current best practice
and
prepare the accounts according to the FRS 102
SORP (Statement of Recommended Practice for
Accounting and Reporting by Charities) 2015, (as
amended by the Bulletin issued in February 2016),
(TheSORP),.
Inparticular,theCompaniesAct2006andcharitylaw
require the Board of Trustees to prepare financial
statements for each financial year which give a true
andfairviewofthestateof affairsofthecharityasat
the end of the financial year and of the surplus or
deficit of the charity. In preparing those financial
statementstheBoardisrequiredto:-
-
Prepare the accounts in accordance with
United
Kingdom
Generally
Accepted
Accounting
Practice
(United
Kingdom
AccountingStandardsandapplicablelaw);
-
Select suitableaccountingpolicies andapply
theconsistently;
-
Make judgements and estimates that are
reasonableandprudent;
Preparethefinancialstatementsonthegoing
concern basis unless it is inappropriate to
presume that the charity will continue in
business;
-
State
whether
applicable
accounting
standards and statements of recommended
practice have been followed, subject to any
materialdeparturedisclosedandexplainedin
thefinancialstatements;
The law requires thatthetrustees must not approve
the accounts unless they are satisfiedthat they give
atrueandfairviewofthestateofaffairsofthecharity
andofthesurplusordeficitofthecharityfortheyear.

Achievements and Pe rformance
SORPreference
Summary of the main Poverty is often forced by external events,
achievements of the outsidethecontrolofordinarypeople.
charity, identifying the The economy of Gambia relies heavily on
difference the charity’s
work has made to the		 Para1.20 tourismcontributing20percenttoGDP.
COVID-19had asevereimpact ontourism.
circumstances of its The Gambian Tourism Board reported that
beneficiaries and any COVID-19 caused a loss of $108m in 2020
wider benefits to society and $57.9m hotel tax revenue lost. This in
as a whole. turnhadthe impact on unemployment, loss
ofearningsandlesstaxincomeavailableto
theploughbackintothecountry.
COVID-19 also impacted our construction
projects,
with
severe
price
hikes
to
construction
material.
Thanks
to
our
contractual processes in place with our
construction
teams,
we
were
able
to
maintain building costs The shortage of
materials
and
restrictions
on
people
movement,didhoweverimpactouraverage
build time. Projects were delivered much
later than scheduled. Donors were advised
ofthereasonforthedelays.
Thanks to the generosity of our donors,
some
who
themselves
were
financially
affected by COVID-19, we were to help
furtherthanthepreviousyear.
Wesawanincreaseinpartnershiprequests
and
funding
of
projects,
reflecting
the
confidence in our ability to deliver projects
withouronthegroundteams.
Whilst Gambia remained our primary focus
forsupport,weexpandedourhelpfurtherin
Pakistan.
Duringthisreportingperiod,wewereableto
deliver
-
over 31,000 freshly cooked meals
served
-
61WaterWellsbuilt
- 5 new School Projects (new and
renovations)
15 new Masjid Projects (new and
renovations)
- On average, 380 children (poor and
orphaned) sponsored each month
forschoolfees andfood
- Various medical cases sponsored,
providing timely funding for those in
desperatesituations
- Maintain grant
funding		 of our 7
supported schools, with over 1,500
attendingchildren
Across Gambia, Pakistan and Bangladesh,
donationsenabledthedistributionofover
101tonnesofrice
- 26tonnessugar
15,000Liters CookingOil
- 84,000 loaves of fresh bread during
Ramadan
Ouraimremainsto focuson
- Education
including
English
and
Islam
- Self-sustainingprojects
- Transparency
through		 published
mediaupdates

FinancialReview
Review of the charity’s Para 1.21 The financial position of the charity at 29
financial position at the February 20120 and comparatives for the
end of the period prior period, as more fully detailed in the
accounts,canbesummarisedasfollows
2022
2021
£
£
NetIncome
260,741
166,155
Unrestricted
260,741
166,155
RevenueFunds
Availableforthe
Generalpurposes
Ofthecharity
TotalFunds
260,741
166,155
Statement explaining the Para1.22 Donations
are
often made
for
specific
policy for holding causes and specific amounts, which are
reserves stating why they thenutilised.
are held
Over time, the charity has been working to
ensure enough funds are held under a
‘general use’ category, which helps the
charity to fund emergency needs that may
arise
e.g.
helping
with
funeral
arrangements.
In addition, the charity has several monthly
commitmentsrelatedtosupportingteachers
andchildeducationalprograms.Weneedto
maintain a reserve in case donors stop
funding these causes. In such cases, the
reserve must then be used to provide
funding, until such time new donors come
forward.
The charity is continuously
working to
balance the funds in account marked as
reserve versus utilisingfunds whenneeded
most
Amount of reserves held Para1.22 This varies depending
on the ongoing
funding we have, but we try and maintain
around£40,000
Reasons for holding zero Para1.22 n/a
reserves
Details of fund materially Para1.24 n/a
in deficit
Explanation of any Para1.23 n/a
uncertainties about the
charity continuing as a
going concern

Structure,Governance andMan agem ent
Descriptionofcharity’s
trusts:
Typeofgoverning Para1.25 Memorandum and Articles of Association
document establishing the company under company
legislation.
Howisthecharity Para1.25 The charity is constituted as a company
constituted? limitedbyguarantee.
Trusteeselectionmethods Para1.25 Mr Aman Ali entitled to appoint new
includingdetailsofany trustees.
constitutionalprovisions
e.g.electiontopostor
nameofanypersonor
bodyentitledtoappoint
oneormoretrustees

ReferenceandAdminis trativedetails
Charityname SharingWonders
Othernamethecharity
uses
Registeredcharitynumber 1170087
Charity’sprincipaladdress Apex Chambers
58aIlfordLane,Ilford,Essex,IG12JY,UK

ameoftrusteesholdi ngtitletopropertybelongin
Trusteename Datesactedifnotfor
wholeyear

Declarations
Thetrusteesdeclarethattheyhaveapprovedthetrustees’ reportabove.
Signed on behalf of the charity’s trustees
Signature(s) Aman Ali Bader Ali
Full name(s) MrAmanAll MrsBaderMuneerAli
Position (eg Secretary, DirectorandTrustee DirectorandTrustee
Chair, etc)
Date 30November2022
Page9of9

Apex Associates LLP

* CHARITY COMMISSION
FOR ENGLAND AND WALES		 CharityName:SharingWonders
Annualaccountsfortheperiod		 CharityNo
(ifany)
CompanyNo		 1170087
09459426
Periodstartdate
01/03/2021
To		 Periodend
date		 28/02/2022

Section A
Statement o		 f fi nancial ac tivities
oZ
UJO Restricted
Recommendedcategoriesby as Unrestricted income Endowment Prioryear
activity O funds funds funds Totalfunds funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incomeandendowmentsfrom:
Donationsandlegacies S01 385,605 478,903 - 864,508 457,657
Charitableactivities S02 - - - - -
Othertradingactivities S03 - - - - -
Investments S04 - - - -
Separatematerialitemofincome S05 - - - - -
Other S06 - - - - -
Total S07 385,605 478,903 - 864,508 457,657
Resources expended (Note 6)
Expenditureon:
Raisingfunds S08 - - - - -
Charitableactivities S09 268,314 478,903 - 747,217 427,179
Separatematerialitemofexpense S10 - - - - -
Other S11 22,704 - - 22,704 16,827
Total S12 291,018 478,903 - 769,921 444,006
Net income/(expenditure) before investment
gains/(losses) S13 94,587 - 94,587 13,651
Metgains/(losses)oninvestments S14 - - - - -
Net income/(expenditure) S15 94,587 - - 94,587 13,651
Extraordinary items S16 - - - - -
Transfers between funds S17 - - - - -
Other recognised gains/(losses):
Gainsandlossesonrevaluationoffixedassetsforthe charity’s ownuse S18 - - -
OthergainsZ(losses) S19 - - - - -
Net movement in funds S20 94,587 - - 94,587 13,651
Reconciliation of funds:
Totalfundsbroughtforward S21 166,154 - - 166,154 152,504
Total funds carried forward S22 260,741 - - 260,741 166,155

Aman Ali Bader Ali

Note3 Analysisofincome
Restricted
Unrestricted income Endowment
funds funds funds Totalfunds Prioryear
Analysis £ £
Donations Donationsandgifts 385,605 478,903 - 864,508 457,657
and legacies: GiftAid - - - - -
Legacies - - - • - -
Generalgrantsprovidedbygovernment/other
charities -
Membershipsubscriptionsandsponsorships
whichareinsubstancedonations
Donatedgoods, facilitiesand services - - - - -
Other - - - -
Total 385,605 478,903 - 864,508 457,657
Charitable
activities:
Other
Total
Other trading
activities:
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interestincome - - - - -
investments: Dividendincome - - - - -
Rentalandleasingincome - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversionofendowmentfundsintoincome
-
Gainondisposalofatangiblefixedassetheld
forcharity'sownuse
Gainondisposalofaprogrammerelated
investment
Royaltiesfromtheexploitationofintellectual
propertyrights -
Other - - - - -
Total - - - -
TOTAL INCOME 385,6051 478,903 -
Note6 Analysisofexpenditure
Restricted
Unrestricted income Endowment
funds funds funds Totalfunds Prioryear
Analysis £ £
Expenditure on Incurredseekingdonations - - - - -
raising funds: Incurredseekinglegacies
- - - - -
Incurredseekinggrants
Operatingmembershipschemesand
sociallotteries
Stagingfundraisingevents
Fudraisingagents
Operatingcharityshops
Operatingatradingcompany
undertakingnon-charitabletrading
activity
Advertising,marketing,directmailand
oublicitv - -
Startupcostsincurredingenerating
newsourceoffutureincome
Databasedevelopmentcosts - - - - -
Othertradingactivities
Investmentmanagementcosts: - - - -
Portfoliomanagementcosts - - - - -
Costofobtaininginvestmentadvice
- - - - -
Investmentadministrationcosts
- - - - -
Intellectualpropertylicencingcosts
- - - - -
Rentcollection,propertyrepairsand
maintenancecharges - - - - -
- - - - -
Total expenditure on raising funds - - - - -
Expenditure on Donations 747,217 - 747,217 427,179
charitable
activities		 Sundry 19,296 - - 19,296 15,927
AccountancyFee 3,408 - - 3,408 900
BankCharges - - - - -
Total expenditure on charitable
activities		 769,921 - - 769,921 444,006
Separate material - - - - -
item of expense
- - - - -
- - - - -
- - - - -
Total - - - - -
Other
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - -
TOTAL EXPENDITURE 769,921 - -
Grant
Activity or
programme		 Activities undertaken directly funding
of		 Support
Costs		 Total this
year		 Total
prioryear
activities
£ £ £ £ £
Activity1 Donations 747,217 427,179
Activity2 Sundry 19,296 15,927
Other LegalFeeabdBank Charges 3,408 900
Total 769,921 444,006

Please provide details of the amount paid for any statutory external scrutiny of
accounts and other services provided by your independent examiner. If nothing
was paid please enter '0' in the appropriate box(es).
Thisyear Lastyear
£ £
Independentexaminer’sfees
2400 720
Assuranceservicesotherthanauditorindependentexamination
Taxadvisoryfees
Otherfees(forexample:financialadvice,consultancy, accountancyservices)paid
totheindependentexaminer 1008 180

19.1 Analysis of debtors
**Trade ** debtors
Prepayments and accrued income
**Other ** debtors
This year Last year
£ £
- -
- -
- -
- 3,000.0
Total - 3,000.0
19.2
**Analysis of debtors recoverable in more than 1 **		 year (included in debtors a bove)
This year Last year
£ £
Trade debtors - -
Prepayments and accrued income -
Other debtors - -
-
Total - -

20.1Analysisofcreditors
Amounts fallingdue Amountsfallingdueafter
withinoneyear morethan oneyear
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
Accrualsforgrantspayable - - - -
Bankloansandoverdrafts - - - -
Tradecreditors - - - -
Paymentsreceivedonaccountforcontractsor
performance-relatedgrants - - - -
Accrualsanddeferredincome 2,400 720 - -
Taxationandsocialsecurity - 600 - -
Othercreditors - - - -
Total 2,400 1,320 - -

**Note ** 24 Cash at bank and in hand
This year Last year
£ £
**Short ** term cash investments (less than 3 months maturity date) - -
**Short ** term deposits - -
**Cash ** **at bank and on ** hand 263,141 164,475
Other - -
Total 263,141 164,475

* Key: PE - permanent
funds		 endowment funds; EE - expendible endowment funds; R - restric ted income f unds, includi ng special trus ts, of the ch arity; and U - u nrestricted
Fund Fund
TypePE,EE
RorUR*		 PurposeandRestrictions balances
brought
forward		 Income Expenditure Transfers Gainsand
losses		 balances
carried
forward
Fundnames £ £ £ £ £ £
Donations UR Charity 166,155 385,605 (291,018) - 260,742
Donations R Tobespendonspecific projectdefined - 478,903 (478,903) - - -
bydonors. - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
TotalFunds 166,155 864,508 (769,921) - - 260,742

Amountspaidorbenefitvalue Amountspaidorbenefitvalue Amountspaidorbenefitvalue
This year Lastyear
Legalauthority(eg Remuneration Pension Redundancy Other TOTAL
Nameoftrustee order,governing contribution (including
document) lossof
office)/ex
aratia
£ £ £ £
AmanAli 12,340 - - - 12,350.00
Please give details of why remuneration or other ProfessionalServicesPaymentsforProjectManagement and
employment benefits were paid. MediaProduction

note. If there are no transactions to report, please enter “True
enter "False".		 ” in the box belo w. If there are tr ansaction s to report, pl ease
FALSE
Notrusteeexpenseshavebeenincurred(TrueorFalse)
Typeofexpensesreimbursed Thisyear
£		 Lastyear
£
Travel 1,796 2,918
Subsistence - -
Accommodation
Other(pleasespecify):
TOTAL 1,796 2,918
interest, including where funds have been held as agent for rel
'true' in the box provided.		 interest, including where funds have been held as agent for rel
'true' in the box provided.		 _ated parties. _ If there are n _o such transactions, _ please enter
Therehavebeennorelatedpartytransactionsinthereporting period(True orFalse) TRUE
Amounts
Nameofthetrustee
orrelatedparty		 Relationship
tocharity
Descriptionofthe
transaction(s)		 Amount Balanceat
periodend		 Provisionforbad
debtsatperiodend		 writtenoff
during
reporting
period
£ £ £ £
In relation to the transactions above, please provide the
_terms and conditions, _ including any security and the nature
of any payment (consideration) to be provided in
settlement.