## ## ## |||||||Page| |---|---|---|---|---|---|---| |Trustees'
annual
report|(incorporating|the|directors'|report)||| |Independent
examiner's|report to the|trustees||||10| |Statement of financial
activities (including|||income and expenditure||account)|| |Balance sheet||||||12| |Notes to the financial statements||||||13| ## ## ## ## ## |Registered|charity|name|name|Futurestars|(West and Central Africa)| |---|---|---|---|---|---| |Charity registration||number||1177808|| |Company|registration||number|10845174|| |Principal office and||registered||Rushlake|House| |office||||The Street|| |||||Shottisham|| |||||Woodbridge|| |||||Suffolk|| |||||IP12 3ET|| ## ## ## |Patron and||ambassador|ofthe charity||||||| |---|---|---|---|---|---|---|---|---|---| ||||T Butcher|(Patron)|||||| |Treasurer|and company||secretary||||||| ||||P Milton||||||| |Leadership||team and personnel|||||||| ||||STreder (Marketing)||||||| ||||EOkyne-Tetteh
(Project|||Manager,||Ghana)|| ||||S Donkoh|(Coach,|Ghana)||||| ||||R Ibrahim|(Project|Manager, Togo)||||| ||||C Rockson|(Apprentice||Coach,|Ghana)||| ||||JTetse-Thompson||(Media Coordinator,||||Ghana)| ||||T Randolph|(Girl's|Coordinator,||Ghana)||| |Bankers|||||||||| ||||Lloyds Bank Pic||||||| ||||Cornhill||||||| ||||Ipswich||||||| ||||Suffolk||||||| ||||IP1 1DG||||||| |Solicitors|||||||||| ||||Birketts LLP||||||| ||||Providence|House|||||| ||||141-145Princes Street||||||| ||||Ipswich||||||| ||||Suffolk||||||| ||||IP1 1QJ||||||| |Independent||examiner|LThurston|FCCA|||||| ||||Lovewell Blake LLP||||||| ||||Chartered|accountants|||||| ||||First Floor|Suite|||||| ||||2 Hillside Business||Park||||| ||||Bury St Edmunds||||||| ||||IP32 7EA||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2023|2023|2022| |---|---|---|---|---|---|---| |||||Unrestricted||| ||||Note|funds|Total funds|Total funds
f| |Income and endowments||||||| |Donations||||175,707|175,707|166,201| |Other trading
activities||||8,547|8,547|| |Total income||||184,254|184,254|166,201| |Expenditure
Charitable
activities||||176,637|176,637|183,868| |Total expenditure||||176,637|176,637|183,868| |Net income/(expenditure)|and net movement|in funds||7,617|7,617|(17,667)| |Reconciliation
offunds||||||| |Total funds
brought
forward||||113,679|113,679|131,346| |Total funds carried forward||||121,296|121,296|113,679| ## ## ## |Company
Limite
Balance sheet
31 March 2023|d by Guarantee|||||| |---|---|---|---|---|---|---| ||||2023||2022|| |||Note|9|||| |Fixed essrns||||||| |Tangible fixed assets||||25,623||31,788| |Current assets||||||| |Stocks||12|||5,000|| |Debtors||13|16,029||6,039|| |Cash at bank and in|hand||82,184||74,254|| ||||98,213||85,293|| |Cmdltors: Amounts|faglng due within|||||| |one year||14|(2,540)||(3,402)|| |Net current assets||||95,673||81.891| |Total assets less cunant gabllltles||||121,296||113,679| |Net assets||||121,296||113,679| |Funds ofthe charity||||||| |Unrestricted
funds||||121,296||113,679| |Total charity funds||17||121.296||113,679| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations|||||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2023|Funds|2022| |Donations|||||| |OMA Group Ltd||28,455|28,455|42,869|42,869| |Fendercare||12,000|12,000|27,500|27,500| |James Fisher Group||24,109|24,109||| |Yinson||10,366|10,366|6,387|6,387| |Worldwide|Vets|||5,000|5,000| |Ipswich Town Cycle Ride||17,372|17,372||| |AGMT||||16,442|16,442| |Tyrone Mings Foundation||6,854|6,854||| |Gift in kind||26,350|26,350|27,837|27,837| |Donations|of65,000 or less|50,201|50,201|40,166|40,166| |||175,707|175,707|166,201|166,201| ## ## ## ## ||||||||| |---|---|---|---|---|---|---|---| |6.|Other trading
activities||||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds
f|2023
6|Funds
6|2022| ||Fundraising
events|||8,547|8,547||| |7.|Expenditure
on charitable||activities||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds
f|2023
6|Funds
f|2022
f| ||Providing
activities
Sports equipment
and kit
Travelling
costs overseas|||26,931
26,272
21,847|26,931
26,272
21,847|38,625
396
15,793|38,625
396
15,793| ||Volunteer expenses|||4,165|4,165|12,077|12,077| ||Container expenses
PR, literature
and brochures
Foreign exchange loss
Staff costs|||3,030
1,209
18,473
34,472|3,030
1,209
18,473
34,472|5,242
2,803
18,573
50,064|5,242
2,803
18,573
50,064| ||Depreciation
Supportcosts|||8,319
31,919|8,319
31,919|9,943
30,352|9,943
30,352| |||||176,637|176,637|183,868|183,868| |8.|Analysis ofsupport costs||||||| |||||||2023|2022| ||Travel|||||8,535|446| ||Rent||||||2,920| ||Computer,
printing,
stationery|||and software||932|82| ||Insurance|||||1,106|1,049| ||Bank charges
Other costs|||||377
9,510|243
6,778| ||Legal fees
Independent
examiner fees
Consultancy
fees
Marketing
and advertising
costs|||||2,850
2,227
350
6,032|2,446
1,961
6,677
7,750| |||||||31,919|30,352| |9.|Net income/(expenditure)||||||| ||Net income/(expenditure)|is|stated after charging/(crediting):|||2023|2022| ||||||||6| ||Depreciation
of tangible fixed
Foreign exchange differences|||assets||8,319
18,473|9,943
18,573| ## ## ## |Staff cos|ts|||||| |---|---|---|---|---|---|---| |The total|staff costs and|employee|benefits for the reporting|period are analysed|as follows:|| ||||||2023
f|2022| |Wages and salaries
Employer
contributions||to pension|plans||29,198
5,274|42,404
7,660| ||||||34,472|50,064| ## |11.|No employee
received employee
benefit
Tangible fixed assets|s of more than f60|,000 during
the|year (2022: Nil).|| |---|---|---|---|---|---| |||Plant and|Motor||| |||machinery
f|vehicles
6|Equipment|Total| ||Cost||||| ||At 1 April 2022|3,128|52,640|2,132|57,900| ||Additions|558||1,596|2,154| ||At 31 March 2023|3,686|52,640|3,728|60,054| ||Depreciation
At 1 April 2022
Charge for the year|261
870|25,195
6,862|656
587|26,112
8,319| ||At 31 March 2023|1,131|32,057|1,243|34,431| ||Carrying
amount
At 31 March 2023|2,555|20,583|2,485|25,623| ||At 31 March 2022|2,867|27,445|1,476|31,788| |12.|Stocks||||| |||||2023|2022| ||Donated goods for distribution||||5,000| |13.|Debtors||||| |||||2023
f|2022
f| ||Prepayments
and accrued income
Other debtors|||1,510
14,519|535
5,504| |||||16,029|6,039| ## ## ## ## ## |14.|Creditors: Amou|nts
|falling due within one year||| |---|---|---|---|---|---| |||||2023|2022| |||||E|E| ||Accruals and deferred||income|2,540|3,402| |15.|Deferred income||||| |||||2023|2022| |||||E|E| ||At 1 April 2022
Amount released|to income|||2,093
(2,093)| ||At 31 March 2023||||| ## ## ## |||At 1 April||||At 31 March| |---|---|---|---|---|---|---| |||2022|Income|Expenditure|Transfers|2023| |||E||E|E|E| |General|funds|113,679|184,254|(176,637)||121,296| |||At 1 April||||At 31 March| |||2021|Income|Expenditure|Transfers|2022| |||E|E|E|E|| |General|funds|131,346|166,201|(183,868)||113,679| ## ## ## ## ## ## |18.|Analysis of ne|t|assets|between funds||||| |---|---|---|---|---|---|---|---|---| ||As at 31 March||2023|||||| ||||||Unrestricted||Restricted|Total Funds| |||||||Fundsf|Fundsf|2023
F| ||Tangible fixed|assets||||25,623||25,623| ||Net current assets|||||95,673||95,673| ||Net Assets||||121,296|||121,296| ||As at 31 March||2022|||||| ||||||Unrestricted||Restricted|Total Funds| |||||||Fundsf|Fundsf|2022| ||Tangible fixed|assets||||31,788||31,788| ||Net current assets|||||81,891||81,891| ||Net Assets||||113,679|||113,679| |19.|Operating
lease commitments|||||||| ||The total future||minimum|lease payments|under non-cancellable|operating|leases are as|follows:| ||||||||2023
6|2022
f| ||Not later than|1|year||||7,771|7,310| |20.|Related parties||||||||