| Page | ||
|---|---|---|
| Charity Information | ||
| Trustees Report | 2to 12 | |
| Independent Examiner's |
Report | 13 |
| Statement of Financial Activities | 14 | |
| Balance Sheet | 15 | |
| Statement ofcash flow | 16 | |
| Notes to the Financial Statements | 17to 24 |
| Total | ||||||
|---|---|---|---|---|---|---|
| INCOMING | RESOURCES | Note | Unrestricted | Restricted | Total | 2020 |
| 16-month | ||||||
| period | ||||||
| Charitable | Activities | 3.1 | 915,967 | 33,000 | 948,967 | 1,490,638 |
| Investment | Income | 3.2 | 80 | 866 | ||
| 916047 | 33000 | 949047 | 1491504 | |||
| RESOURCES EXPENDED | ||||||
| Expenditure | on Raising Funds | 4.1.4 | 7,168 | 2,390 | 9,558 | 9,204 |
| Expenditure Activities |
on Charitable | 4.2.3 | 211,660 | 94,014 | 305,674 | 154,402 |
| Others | 4.3 | 9216 | 3071 | 12287 | 2 046 | |
| TOTAL RESOURCES USED | 228 044 | 99475 | 327519 | 165652 | ||
| Net income before | 688,003 | (66,475) | 621,528 | 1,325,852 | ||
| investment | gains in the year | |||||
| INVESTMENT GAINS IN THE | ||||||
| YEAR | ||||||
| NET INCOME FOR THE YEAR | 688,003 | (66,475) | 621,528 | 1,325,852 | ||
| BALANCE BROUGHT | 684 535 | 641317 | 1325 852 | 0 | ||
| FORWARD | ||||||
| BALANCE CARRIED FORWARD | 1372 533 | 574 842 | 1347 188 | 1325 852 |
| BALANCE SHEET AS A | T 31DE | CEMBER 20 | 21 | |||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||
| 2020 | ||||||
| CURRENT ASSETS | E | E | E | F | ||
| Debtors | 5 | 7,002 | 7,002 | 6,115 | ||
| Bank and cash balances | 6 | 1375316 | 574 842 | 1 950158 | 1 328626 | |
| Total Current Assets | ~1382318 | ~574 842 | ~1957160 | ~1334741 | ||
| CREDITORS: Amounts | falling due within one year | 9780 | 9780 | ~8889 | ||
| TOTAL NET CURRENT | ASSETS | 1 372538 | 574842 | ~1947380 | ~1325852 | |
| TOTAL ASSETSLESS | CURRENT LIABILITIES | ~1372538 | ~574 842 | ~1947380 | ~1325852 | |
| FUNDS | ||||||
| Restricted Funds |
8.1 | 574,842 | 574,842 | 641,317 | ||
| Unrestricted Funds |
8.2 | 1 372538 | 1 372538 | 684 535 | ||
| ~1372538 | 574842 | 1 947380 | ~1325852 |
| RECONCILIATION OF OPERATING |
PROFIT TO NET | |||
|---|---|---|---|---|
| CASH INFLOW FROM OPERATING | ACTIVITIES | 2021 | 2020 | |
| E | E | |||
| Operating Profit |
621,448 | 1,324,986 | ||
| Increase in Debtors |
-887 | -6,115 | ||
| Increase in Creditors | 891 | 8889 | ||
| 621452 | 1327760 | |||
| CASH FLOW STATEMENT | ||||
| Net Cash Inflow from operating | Activities | 621,452 | 1,327,760 | |
| Returns on Investments | 80 | 866 | ||
| INCREASE IN CASH IN THE YEAR | 621532 | ~1328626 | ||
| RECONCILIATION OF NET CASH |
FLOW TO MOVEMENT | IN NET FUNDS | ||
| Increase in Cash in the year |
621532 | ~1328626 | ||
| Net in cash brought forward | 1328626 | |||
| Net Funds at 31,December 2021 | ~1950158 | ~1328626 |
| 3 |
INCOMING RESOU |
INCOMING RESOU |
RCES | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 3.1 | Charitable Activities |
Income | 16-month period | ||||||
| Unrestricted | Restricted | TOTAL | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | 2020 | ||||
| 2021 | |||||||||
| Donations and Sponsorships |
861,058 | 33,000 | 894,058 | 751,876 | 688,000 | 1,439,876 | |||
| Fundraising | 54909 | ~54909 | 50 762 | 50762 | |||||
| ~915967 | 33000 | 948967 | 802638 | 688 000 | 1490638 | ||||
| 3.2 | Investment income |
||||||||
| Bank | Interest | 80 | 80 | ||||||
| 4 | RESOURCES EXPENDED | ||||||||
| 4.1 | EXPENDITURE ON RAISING FUNDS | ||||||||
| 4.1.1 | Fundraising | Costs | 1078 | 359 | 1437 | 9204 | 0 | ~9204 | |
| 4.1.2 | Governance | Costs | |||||||
| Independent | 156 | 52 | 208 | ||||||
| Examination | fees | ||||||||
| Accountancy | Fees | 326 | 109 | 435 | |||||
| Consultancy | Fees | 1541 | 514 | 2 055 | |||||
| ~2023 | 675 | ~2698 | |||||||
| 4.1.3 | Other Costs | ||||||||
| Telephone | 15 | 20 | |||||||
| Post, Print and Stationery | 118 | 40 | 158 | ||||||
| Marketing | 1,470 | 490 | 1,960 | ||||||
| Events | 1,881 | 627 | 2,508 | ||||||
| Insurance | 17 | 23 | |||||||
| Travelling Expenses |
301 | 100 | 401 | ||||||
| Training | 187 | 62 | 249 | ||||||
| Sundry expenses | 78 | 26 | |||||||
| ~4067 | 1356 | ~5423 | |||||||
| 4.1.4 | SUMMARY OF EXPENDITURE ON RAISING FUNDS | ||||||||
| Fundraising Costs |
1,078 | 359 | 1437 | ||||||
| Support | for raising funds | ||||||||
| Governance | 2,023 | 675 | 2,698 | ||||||
| Others | 4067 | 1356 | 5423 | ||||||
| ~7168 | 2390 | 9558 |
| 4.2 | EXPENDITURE ON | EXPENDITURE ON | CHARITABLE | CHARITABLE | CHARITABLE | CHARITABLE | ACTIVITIES | ACTIVITIES | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.2.1 | DIRECT SPENDING | ||||||||||||||
| Student Bursary and |
Training | 28,620 | 33,000 | 61,620 | 25,688 | 13,400 | 39,088 | ||||||||
| Wages and Salaries | 84,536 | 28,179 | 112,715 | 37,730 | 29,958 | 67,688 | |||||||||
| Employer National |
Insurance | 5 | 929 | 1,976 | 7,905 | 2,122 | 0 | 2,122 | |||||||
| Employer Pension |
2 | 597 | 866 | 3463 | 468 | 0 | 4~6 | ||||||||
| Contributions | |||||||||||||||
| 121682 | 64021 | 185703 | 66008 | 43 | 358 | 109 366 | |||||||||
| 16-month period | |||||||||||||||
| Unrestricted | Restricted | TOTAL | Unrestricted | Restricted | Total | ||||||||||
| Funds | Funds | Fund | Fund | Fund | 2020 | ||||||||||
| 2021 | |||||||||||||||
| E | |||||||||||||||
| 4.2.2.1 | SUPPORT FOR | CHARITABLE ACTIVITIES | |||||||||||||
| 4.2.2.2 | Governance | costs | |||||||||||||
| Auditors Fees |
0 | 0 | 0 | 3,600 | 0 | 3,600 | |||||||||
| Independent | Examination | fees | 2,544 | 848 | 3,392 | 0 | 0 | 0 | |||||||
| Accountancy | Fees | 5,308 | 1,769 | 7,077 | 2,400 | 0 | 2,400 | ||||||||
| Consultancy | Fees | 25,093 | 8,365 | 33,458 | 15,082 | 2,025 | 17,107 | ||||||||
| Legal Fees | 0 | 0 | 0 | 4,200 | 0 | 4,200 | |||||||||
| Bank Charges | 0 | 0 | 0 | 145 | 0 | 145 | |||||||||
| ~32 945 | ~10982 | ~43 927 | ~25 427 | ~2025 | ~27452 | ||||||||||
| 4.2.2.3 | Others | ||||||||||||||
| Computer Support |
0 | 0 | 0 | 252 | 0 | 252 | |||||||||
| Telephone | 250 | 83 | 333 | 500 | 0 | 500 | |||||||||
| Post, Print and | Stationery | 1,931 | 644 | 2,575 | 2,782 | 400 | 3,182 | ||||||||
| Marketing | 23,938 | 7,980 | 31,918 | 12,635 | 900 | 13,535 | |||||||||
| Events | 30,632 | 10,210 | 40,842 | 0 | 0 | ||||||||||
| Insurance | 282 | 94 | 376 | 115 | 0 | 215 | |||||||||
| 57033 | 19011 | 76044 | 16284 | ~1300 | 17584 | ||||||||||
| 4.2.3 | SUMMARY OF | EXPENDITURE ON | CHARITABLE ACTIVITIES | ||||||||||||
| Direct Spending | 121,682 | 64,021 | 185,703 | 66,008 | 43,358 | 109,366 | |||||||||
| Support for charitable | activities | ||||||||||||||
| Governance | 32,945 | 10,982 | 43,927 | 25,427 | 2,025 | 27,452 | |||||||||
| Others | 57033 | 19011 | ~76 044 | 16284 | 1 | 300 | 17584 | ||||||||
| ~211660 | ~94014 | 305 674 | ~107719 | 46683 | ~154402 | ||||||||||
| 4.3 | OTHERS | ||||||||||||||
| Travelling Expenses |
4,895 | 1,632 | 6,527 | 862 | 862 | ||||||||||
| Training | 3,047 | 1,015 | 4,062 | 600 | 600 | ||||||||||
| Sundry expenses | 1274 | 424 | 1698 | 584 | 584 | ||||||||||
| 9216 | 3071 | 12287 | 2 046 | 2 046 |
| NOTES TO THE FINANCIAL STA | TEMENTS FOR THE | YEAR ENDED 31 | ,DECEMBER 2021 | (continued) |
|---|---|---|---|---|
| DEBTORS | 2020 | |||
| Unrestricted | Unrestricted | |||
| f | f | |||
| 7002 | ~6115 | |||
| BANK AND CASH BALANCES | 2020 | |||
| Restricted | Unrestricted | Tota I | Total | |
| f | f | f | ||
| Current Accounts | 1375316 | 574842 | ~1950158 | 1328626 |
| 2020 | |
|---|---|
| Unrestricted | Unrestricted |
| f | f |
| 9780 | 8793 |
| 8 | FUNDS | f | |
|---|---|---|---|
| .1 | RESTRICTED FUNDS | 2020 | |
| Balance Brought Forward | 641,317 | 0 | |
| Incoming Resources | 33,000 | 688,000 | |
| Resources Expended | -99475 | -46683 | |
| Balance Carried Forward. | ~574842 | 641317 | |
| .2 | UNRESTRICTED FUNDS | ||
| f | f | ||
| Balance Brought Forward | 684,535 | 0 | |
| Incoming Resources |
916,047 | 803,504 | |
| Resources Expended | -228 044 | -118969 | |
| Balance Carried Forward |
1372538 | 684 535 |
| 9 | DETAILED | RESTRICTED FUNDS | RESTRICTED FUNDS | RESTRICTED FUNDS | RESTRICTED FUNDS | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Receipts | Expended | Total | Tota I | ||||||
| 8/fwd | in the | in the | carried | carried | ||||||
| year | year | forward | forward | |||||||
| 2021 | 2020 | |||||||||
| E | E | f | E | E | ||||||
| The "Girls" | Project | 621,717 | 0 | -66,475 | 555,242 | 621,717 | ||||
| Undergraduate | Work | 6,000 | 33,000 | -30,000 | 9,000 | 6,000 | ||||
| Public Speaking Training | ||||||||||
| 13600 | 0 | -3000 | 10600 | 13600 | ||||||
| TOTAL | 641317 | 33000 | -99475 | ~574 842 | 641317 | |||||
| 10 | DETAILS OF CERTAIN ITEMS OF EXPENDITURE | |||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| 2021 | 2020 | |||||||||
| E | E | |||||||||
| Audit Fees | 0 | 0 | 3,600 | |||||||
| Independent | Examination | 2,700 | 900 | 3,600 | ||||||
| Accountancy | charges | 5 634 | 1878 | 7 512 | 2400 | |||||
| 8334 | ~2778 | ~11112 | 6000 | |||||||
| 11 | PAID EMPLOYEES | |||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| 2021 | 2020 | |||||||||
| E | E | |||||||||
| Salaries and Wages | 84,536 | 28,179 | 112,715 | 67,688 | ||||||
| Employers | Pension Contribution | 2,597 | 866 | 3,463 | 468 | |||||
| Employers | National | Insurance | ||||||||
| Contribution | 5929 | 1 976 | 7905 | 2 122 | ||||||
| 93062 | 31021 | 124 083 | 70278 | |||||||
| Average | number of | employees | 2 |
| 12 | SUPPORT COSTS | Raising | Charitable | Total | Basis of | allocation | |
|---|---|---|---|---|---|---|---|
| funds | activities | ||||||
| Ratio oftotal fundraising | income to | ||||||
| Governance | 2,698 | 43,927 | 46,625 | donations | and sponsorship | income | |
| Others | 5423 | 76044 | 81467 | ||||
| 8 121 | 119971 | ~128092 |