2022-08-31-accounts - Young Scientists For Africa

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Young Scientists for Africa

Financial Statements 1 September 2021 to 31 August 2022

Young Scientists for Africa Financial Statements 2022 Registered Charity.. 1176619 YOSA YOUNG SCIENTISTS FOR AFRICA 10 Turners Gardens. Sevenoaks. Kent. TN13 IQE info@yosa.org.uk

Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619

The trustees present their report together with the financial statements for the period ended 31 August 2022:

Constitution and Objectives

Young Scientists for Africa (YoSA) is a charitable incorporated organisation registered with the Charity Commission for England and Wales for the public benefit to promote the education of young people in Africa in the subject of science by:

Awarding to such persons scholarships to attend the annual London International Youth Science Forum (LIYSF)
Supporting the development of student science communities in Africa

YoSA operates under a constitution dated 10[th] January 2018.

Activities and Achievements

YoSA operates across Africa with an initial focus on sub-Saharan Africa and delivers its objectives by working with facilitators in relevant countries to support the identification of scholarship students.

The 63rd London International Youth Science Forum took place between 28th July and 10th August 2022. The opening ceremony was attended by Royal Patron HRH The Princess Royal and the keynote address was delivered by Nobel Prize Winner Professor James Rothman.

We offered nine scholarships for African students to attend the Forum in person. Of these Olive attended from Kenya, Zwivhuya and Rokunda attended from South Africa and Innocent attended from Tanzania. Rokunda had this to say about his experience at this year’s Forum: “ I enjoyed every moment of it, made a lot of connections in the fraternity, great friends from different parts of the world and reminded myself of the potential I know I have. I met very influential students, lecturers, professors, and practitioners who opened my eyes to the world of science on a very personal level ”.

There were widespread visa issues due to a combination of Covid related staff issues, applications from Ukraine and the coincidence of the Commonwealth Games being held in the UK on the same dates as the Forum. This resulted in Marina and Stephen from Kenya, Sharifa from Tanzania and Tinovimbanashe and Yolanda from Zimbabwe being unable to travel to London, but they did attend the Forum virtually through the online platform.

YOUNG SCIENTISTS FOR AFRICA

10 Turners Gardens, Sevenoaks, Kent. TN13 1QE info@yosa.org.uk

Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619

We continue to consolidate our relationships and engagement with African partners in South Africa, Tanzania, Zimbabwe and Kenya to ensure that we are well positioned for student selection for scholarship awards in the coming years.

Financial Performance

During the period YoSA had receipts of £5,183 (2021 : £9,346) through a combination of unrestricted donations and gift aid; and made payments related to its charitable objectives of £17,661 (2021 : £nil). As at 31 August 2022, its assets comprised £25,470 of cash at bank (2021 : £37,948.49) and £5,000 prepayments to LIYSF (2021 : £nil).

Trustees

The trustees during the period were:

Clare Elwell (Founding Trustee) Peter Upton (Independent Trustee) Clare Thomson (Independent Trustee)

Individuals are selected for appointment as charity trustees having regard to the skills, knowledge and experience needed for its effective administration. Changes to the trustees are approved by resolution of an appropriately convened meeting of the charity trustees.

The trustees declare that they have approved the trustees report above.

Signed on behalf of the trustees:

Full Name: Clare Elwell

Position: Founding Trustee

Date: 18[th] May 2023

YOUNG SCIENTISTS FOR AFRICA

10 Turners Gardens, Sevenoaks, Kent. TN13 1QE info@yosa.org.uk

Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619

Receipts and Payments Account for the Year to 31 August 2022

----- Start of picture text -----
Not 2022 2021
es £ £
Receipts
Receipts from 5 5,183 9,346
Donations
Total Receipts 5,183 9,346
Payments 6
Student Travel 3,053 -
LIYSF Fees 14,28 -
0
Other 328 -
-
Total Payments 17,66
1
Cash (Deficit) / (12,4 9,346
Surplus 78)
-
Prepayment to LIYSF 5,000
Overall (Deficit) / (7,47 9,436
Surplus 8)
----- End of picture text -----

Balance Sheet as at 31 August 2022

Note 2022 2021 s £ £ Assets 4 YOUNG SCIENTISTS FOR AFRICA

10 Turners Gardens, Sevenoaks, Kent. TN13 1QE info@yosa.org.uk

Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619 Cash at Bank 7 25,47 0 37,948 Prepayments to LIYSF 8 5,000 - Total Assets 30,4 70 37,94 8 Liabilities 8 - - Reserves Surplus brought forward 37,94 8 28,602 Defcit / Surplus for the year (7,47 8) 9,346 Total Reserves 9 30,4 70 37,94 8	Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619 Cash at Bank 7 25,47 0 37,948 Prepayments to LIYSF 8 5,000 - Total Assets 30,4 70 37,94 8 Liabilities 8 - - Reserves Surplus brought forward 37,94 8 28,602 Defcit / Surplus for the year (7,47 8) 9,346 Total Reserves 9 30,4 70 37,94 8	Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619 Cash at Bank 7 25,47 0 37,948 Prepayments to LIYSF 8 5,000 - Total Assets 30,4 70 37,94 8 Liabilities 8 - - Reserves Surplus brought forward 37,94 8 28,602 Defcit / Surplus for the year (7,47 8) 9,346 Total Reserves 9 30,4 70 37,94 8	Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619 Cash at Bank 7 25,47 0 37,948 Prepayments to LIYSF 8 5,000 - Total Assets 30,4 70 37,94 8 Liabilities 8 - - Reserves Surplus brought forward 37,94 8 28,602 Defcit / Surplus for the year (7,47 8) 9,346 Total Reserves 9 30,4 70 37,94 8
Cash at Bank	7	25,47 0	37,948
Prepayments to LIYSF	8	5,000	-
Total Assets		30,4 70	37,94 8

Liabilities	8	-	-

Reserves
Surplus brought forward		37,94 8	28,602
Defcit / Surplus for the year		(7,47 8)	9,346
Total Reserves	9	30,4 70	37,94 8

Notes to the Financial Statements

As an unincorporated charity with income of less than £250,000, the trustees have taken advantage of the exemption to prepare accounts on a receipts and payments basis.
As an unincorporated charity with income this year of less than £25,000, the trustees are not required to ask for an independent examiners report but have elected to do so
As an unincorporated charity there is no requirement for the financial statements to be audited.
The accounts have otherwise been prepared based on the Charity Commission guidance for preparing Receipts and Payments accounts.
Income is generated from unrestricted donations, typically through online donation platforms. Gift Aid is claimed directly through these online platforms wherever possible and otherwise on a timely basis.
Expenditure represents the costs of providing scholarships to students attending the LIYSF and relates to the travel costs and fees for attending the event. A limited amount of additional subsistence and other costs associated with the scholarships are also incurred.

YOUNG SCIENTISTS FOR AFRICA

10 Turners Gardens, Sevenoaks, Kent. TN13 1QE info@yosa.org.uk

Young Scientists for Africa Financial Statements 2022 Registered Charity: 1176619

Cash at bank as at 31 August 2022 was £25,470 (2021 : £37,948).
The charity has no loan arrangements, investments or liabilities. Its only other asset is £5,000 prepaid to LIYSF. The charity did not make any grants during the period.
The charity maintains reserves as cash for future use in line with its objectives and otherwise has no reserves policy.

YOUNG SCIENTISTS FOR AFRICA

10 Turners Gardens, Sevenoaks, Kent. TN13 1QE info@yosa.org.uk