**Catalyst Foundation** **Index To Report and Accounts** **For The Year Ended 31 March 2023** **Catalsyt Foundation Report and Accounts For the year ended 31 March 2023** 1 **Catalyst Foundation** **Index To Report and Accounts** **For The Year Ended 31 March 2023** Trevor Mapondera (appointed 3 February 2021) ## **Trustees** Mandhla Dhlodhlo (appointed 28 July 2021) Ashleigh Fox (appointed 28 July 2021) Tamsen Garrie (appointed 3 February 2021) The Charity was originally established as a CIO dated 3 February 2021 and is registered with the Charity Commission, No 1193385. The Charity’s address is Ash House, Fountain Court, New Leaze, Bradley Stoke, Bristol, BS32 4LA. ## **Objects, Organizations and Activities** The Charity’s aims are to advance the health and education of children and young people in Southern Africa through the provision of school fees, school uniforms and educational equipment, food hampers, health checks and any other such services the Trustees see fit. Corporate and individual donations are sought for the charity to meet its aims. The charity also organizes fundraising activities to boost the total donations. ## **Review of progress and achievements and finances** In the period to date, the first reporting period, the Trustees have made significant effort to promote the charity in order to gain as many donations as possible to aid the objectives of providing school aged females in Southern Africa with education and required items to assist with that. At our first-year end, we have been able to assist over 10 school girls with their education in Zimbabwe and we are now in a position to push this in to other Southern African countries. The Trustees are grateful to Catalyst Care Group, the charity’s platinum sponsor, and all other individuals and businesses that have donated and assisted with the charity. On behalf of the Trustees ------------------------ Trevor Mapondera Trustee 31/03/2023 2 **Catalyst Foundation** **Index To Report and Accounts** ## **For The Year Ended 31 March 2023** ## **Financial Statements** I report on the accounts of Catalyst Foundation for the year ended 31 March 2023, which comprise the Statement of Financial Activities and the statement of financial position and the related notes. This report is made solely to the Charity’s Trustees, as a body, in accordance with s.43(3) of the Charities Act 1993. My examination has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my examination, for this report, or for the opinions I have formed. ## **Respective responsibilities of members of the Trustees and the examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 43(3)(a) of the 1993 Act); - to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 41 of the 1993 Act; and - to prepare accounts which accord with the accounting records and comply with the requirements of the 1993 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Note that the below financial statements have been reported using the British pound (£). 3 **Catalyst Foundation** ## **Index To Report and Accounts** ## **For The Year Ended 31 March 2023** ## **Statement of Income and Expenditure** |**Statement of Income and**
**Expenditure**|| |---|---| |**Income**|| |**Revenue**
**Amount**|**Amount**| |Corporate Donations
Fundraising Donations
Other Donations|£184,939.06
£3,305.00
£7,175.69| |**Total revenues/Income**|**£195,419.75**| |**Programs Expenses**
Program -Beatrice District
£34,887.39
Program -Tsholotsho District
£24,680.29
Program -Zambia District
£6,117.16
Heath Checks
£560.40
SHE Camp
£4,340.99
Benefciary Back to school: Zambia
£8,514.88
Other Direct Cost
£0.00|| |**Total Program Expenses**|**£79,101.11**| ||**£116,318.64**| |**Operational Expenses**|| |Fundraising Expenses
£282.76
Subscriptions
£1,368.27
Salaries & Allowances
£70,906.25
Bank Charges
£300.20
Marketing & Branding
£4,009.36
Telephone Expenses
£1,354.08|| |**Total operational expenses**|**£78,220.92**| ||| |**Surplus of Revenue over**
**Expenditure**|**£38,097.72**| 4 **Catalyst Foundation** **Index To Report and Accounts** ## **For The Year Ended 31 March 2023** |**Statement of Financial position as at**
**31/03/2023**|| |---|---| |**Assets**|**Amount**| |**_Long Term Assets_**
Land
Building
Ofce Equipment
Motor vehicles
Non-Tangible Assets|£0.00
£0.00
£0.00| ||£0.00| ||£8,433.60| |**Total long-term assets**|**£8,433.60**| |**_Current Assets_**
Cash and cash equivalents
Grants receivable
Accounts receivable
Contributions Receivable
Short term investments|£55,270.75
£0.00
£0.00| ||£0.00| ||£0.00| |**Total current assets**|**£55,270.75**| ||| |**Total assets**|**£63,704.35**| ||| |**Assets and Liabilities**|| |**Net Assets Brought Forward**
Without Donor Restrictions
With Donor Restrictions|£25,606.63
£38,097.72
£0.00| |**Total net assets**|**£63,704.35**| |**_Current Liabilities_**
Accounts payable
Compensation
Grants payable
**_Long Term Liabilities_**
Long term debt
**Total liabilities**|£0.00
£0.00
£0.00| ||| ||£0.00| ||£0.00| |**Total liabilities and net assets**|**£63,704.35**| 5 **Catalyst Foundation** **Index To Report and Accounts** **For The Year Ended 31 March 2023** ## **Notes to the Financial Statements.** ## **Accounting Policies** ## **Basis of Preparation of Financial Statements** The financial statements are prepared under the historical cost convention (unless otherwise stated) and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities. 1.All transactions that were carried out in American Dollar (USD) have been translated to British pound using the average exchange rate for the year which is 1.243 which was provided by the bank. ## 2. **Summary of long-term Assets** |**_Tangible & Non- tangible assets_**|**_Closing_**
**_Balance_**| |---|---| |**Non-tangible Assets**|| |Donorfy System|£3,629.86| |**Total**|**£3,629.86**| ------------------------ Trevor Mapondera Trustee 31/03/2023 6