2022-12-31-accounts - Tools For Self Reliance

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Company		Information	Information		Message from our Chair	Message from our Chair	Message	from our CEO
I ~
Our Africa		Programme			Our UK Programme		Fundraising
Treasurer's			Review and		Independent Auditors		Statement ofFinancial
Policies					Report		Activities
Balance	Sheet				Cashflow Statement		Notes to the Financial Statements
					Ms Linda Hansford —Chair		and Treasurer
					Ms J Scott
					Ms M Tarrant
Directors					Ms Caroline Pinder		Elected (15'"October 2022)
					Ms Sarah Dickins		Elected ('l5" October 2022)
					Ms S Erb		Resigned	(15'"October 2022)
Chief Executive Officer					Ms S L Ingleby
					Netley Marsh Workshop
					Netley Marsh
Registered			Office		Southampton Hampshire
					SO40 7GY
Registered			Company	Number	01487630(England	and Wales)
Registered			Charity Number		280437
					Morris Crocker
					Chartered Accountants
					Station House
Accountants			and auditors		50 North Street
					Havant
					Hampshire
					Pog 1QU
Principal	Bankers				HSBC —Totton, Hampshire CAF —West Mailing, Kent
Website					www. ffsr.org

rohibitive and purcha raduate.	se power is limited, most esp	ecially for the trainees as they
Shi ments
Coun	No. oftools	Re lacement value of tools*
Malawi	9,611	f95,405
Uganda	4,429	f62,874
Sierra Leone	212	E3,428
Totals	14252	&61707

			Unrestricted	Restricted	2022	2021
			funds	funds	Total Funds	Total Funds
		Notes		f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	260,252	71,829	332,081	290,139
Charitable activities
Charitable activity		5	19,400	254,633	274,033	319,685
Other trading activities		3	108,907		108,907	92,032
Investment income		4	63,851		63,851	62,456
Total			452,410	326,462	778,872	764,313
EXPENDITURE ON
Raising funds		6	186,874		186,874	155,697
Charitable activities
Cheditable activity		7	308,262	420,996	729,258	556,637
Total			495,136	420,996	916,132	712,334
Net gains on investments						55,000
NET INCOME/(EXPENDITURE)			(42,726)	(94,534)	(137,260)	106,979
Transfers between funds		20	12,000	(12,000)
Net movement in funds			(30,726)	(106,534)	(137,260)	106,979
RECONCILIATION OF FUNDS
Total funds brought forward			730,016	329,744	1,059,760	952,781
TOTAL FUNDS CARRIED FORWARD			699,290	223,210	922,500	1,059,760

	31 DECENIBER 2022
		2022	2021
	Notes	E	E
FIXEDASSETS
Tangible assets	13	137,643	145,185
Investment property	14	370,000	370,000
		507,643	515,185
CURRENT ASSETS
Debtors	15	21,039	11,828
Cash at bank		432,191	572,145
		453,230	583,973
CREDITORS
Amounts falling due within one year	16	(24,167)	(20,193)
NET CURRENT ASSETS		429,063	563,780
TOTAL ASSETS LESSCURRENT
LIABILITIES		936,706	1,078,965
CREDITORS
Amounts falling due after more than one year	17	(14,205)	(19,205)
NET ASSETS		922,500	1,059,760
FUNDS	20
Unrestricted funds		304,657	315,333
Designated funds		79,950	100,000
Restricted funds		223,21 0	329,744
Revaluation Reserve		314,683	314,683
TOTALFUNDS		922,500	1,059,760

	FORTHE	YEAR ENDED 3	1 DECEMBER 2022
		Notes	2022f	2021 f
Cash flows from operating	activities
Cash generated from operations			136,960	42,497
Net cash (used in)/provided	by operating	activities	136,960	42,497
Cash flows from investing	activities
Purchase oftangible fixed assets				(14,019)
Interest received			1,692	1,742
Net cash (used in)/provided	by invesling	activities	1,692	(12,277)
Cash flows from financing	activities
Capital repayments			(4,686)	(26,220)
Cash inflowe from new borrowings
Net cash (used in)/provided	by fina/icing	activities	4,686	26,220
Change in cash and cash	equivalents	in
the reporting period			(139,954)	4,000
Cash and cash equivalents	brought
forward			572,145	568,145
Cash and cash equivalents	at 31
December 2021			432 151	572 145

	FOR THE	FOR THE	FOR THE	YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022
RECONCILIATION	OF NET			INCOME TO NET CASH FLOW FRONI		OPERATING	ACTIVITIES
						2022	2021
						E	F
Net income for the	reporting			period (as psr the	Statement of
Financial Activities)						(137,260)	106,979
Adjustments for:
Depreciation charges						7,542	6,140
Gains on investments							(55,000)
Interest received						(1,692)	(1,742)
Decrease/(increase)	in	debtors				(9,211)	(7,264)
(Decrease)/increase	in	creditors				3,662	(6,616)
Net cash (used in)/provided				by operations		~)36,960)	42,497
ANALYSIS OF CHANGES			IN	NET FUNDS
					At1,1.22	Cash flow	At 31.1222
					E	E	E
Net cash
Cash at bank					~72,145	~139,954	432,191
					572,145	~130,954)	432,191
Debt
Debts falling due within		1 year			~20,)93	~3974)	124,167)
Total					551,952	~143.128	408,024

4.	INVESTMENT INCOME	INVESTMENT INCOME
							2022	2021
								F
	Rents Received						62,159	60,714
	Deposit account interest						1,692	1,742
							63,851	62,456
	All investment income is		derived from assets held		in	the United	Kingdom
5.	INCOME	FROM CHARITABLE ACTIVITIES
							2022	2021
			Activity				E	E
	Grants and donations		Charitable	activity			274,033	319,685
6.	RAISING
	Other trading activities
							2022	2021
							E
	Other trading costs						186,874	155,697
7.	CHARITABLE ACTIVITIES COSTS
							Support
					Direct Costs		costs (see	Totals
							note 8)
							E
	Charitable	activity				723,339	5,919	729,258
8.	SUPPORT COSTS
								Governance
								costs
								E
	Charitable	activity						5,919
	Support costs, included		in the above, are as	follows:
							2022	2021
							Charitable	Charitable
							activity	activity
	Auditors'	remuneration					4,760	4,250
	Bond Membership/Exhibition						1,159	1,143
							5,919	5,393

Net inco	me/(e	xpenditur	e) is stated after charging/	(crediting):
				2022	2021
					6
Auditors'	remunemtion			4,760	4,250
Depreciation-		owned	assets	7,542	6,140
				12,302	10,390

STAFF COSTS
	2022	2021
	E	E
Wages and salaries	301,171	261,902
Social security costs	24,690	20,268
Other pension costs	30,117	27,190
	355,973	309,350

The average monthly number ofemploy	ees during the year was as follows:
	2022		2021
	E		E
Charitable		11		10

12. COMPARATIVES FOR TH	E STATEMENT OF F	INANCIAL ACTIVITIES FOR	YEAR ENDED	2021
				2021
		Unrestricted	Restricted	Total
		funds E	fundsf	Funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies		240,093	50,046	290,139
Charitable activities
Charitable activity		128,150	191,535	319,685
Other trading activities		92,032		92,032
Investment income		62,456		62,456
Total		522,732	241,581	764,313
EXPENDITURE ON
Raising funds		'I55,697		155,697
Charitable activities
Charitable activity		277,347	279,290	556,637
Totai		433,044	279,290	712,334
Net gains on investments		55,000		55,000
NET INCOME/(EXPENDITURE)		144,688	(37,709)	106,979
Transfers between funds		3,132	(3,132)
Net movement in funds		147,820	(40,841)	106,979
RECONCILIATION OF FUNDS
Total funds brought forward		582,196	370,585	952,781
TOTAL FUNDS CARRIED FORWARD		730,016	329,744	1,059,760

		improvements
	Freehold	to		Plant and	Computer
	properly	properly	Motor vehicles	machtnary	equipment	Totals
	E			E
COST
At 1 January 2022	106,091	130,813	14,019	51,071	24,745	326,739
Additions
Disposals
At 31 December 2022	106,091	130,813	14,019	51,071	24,745	326,739
DEPRECIATION
At 1 January 2022	49,493	54,843	1,402	51,071	24,745	181,554
Charge for year	2,122	2,616	2,804			7,542
Eliminated on disposal
At 31 December 2022	51,615	57,459	4,206	51,071	24,745	189,096
NET BOOK VALUE
At 31 December 2022	54,477	73,355	9,813			137,643
At 31 December 2021	56,598	75,970	12,617			145,185
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2022						370,000
Revaluation
At 31 December 2022						370,000
NET BOOK VALUE
At 31 December 2022						370,000
At 31 December 2021						370,000

	Valuation in	1997						200,000
	Improvement	Cost in 2008						35,886
	Valuation in	2008						14,114
	Improvement	Cost in 2009						19,431
	Valuation in	2011						30,569
	Value in 2016							15,000
	Value in 2021							55,000
	Fair Value							370,000
	The trustees	have reviewed		the valuation	ofthe investment	propery,	concluding	F370,000a fair
	valuation due to no change			in rental income.
15	DEBTORS	AMOUNTS	FALLING DUE WITHIN ONE YEAR
							2022	2021
							E	E
	Other debtors						21,039	1 'l,828
16,	CREDITORS: AMOUNTS			FALLING DUE	WITHIN ONE YEAR
							2022	2021
							F
	Bank loans	and overdrsfls		(see note 18)			5,228	5,228
	Trade creditors						3,224	2,047
	Social security and other		taxes				5,591	5,760
	Other creditors						10,124	7,158
							24,167	20,193
17.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE		THAN ONE YEAR
							2022	2021
							E
	Bank loans	and overdrafts		(see note 18)			13,865	18,552
	Pension contributions						340	653
							14,205	19,205
18.	LOANS
	An analysis	ofthe maturity		of loans is given below:
							2022	2021
							E	E
	Amounts falling due within			one year on demand:
	Bank loans						5,228	5,228
	Amounts falling due after one year on demand:
	Bank loans						13,865	18,552
							19,093	23,780

		Unrestncted	Restricted		2022	2021
		funds	funds		TotalFunds	Total Funds
		E	E		E	f
Fixed assets		137,643			137,643	145,185
Investments		370,000			370,000	370,000
Current assets		230,020	223,210		453,230	583,973
Current liabilities		(24,167)			(24,167)	(20,193)
Long term liabihties		(14,205)			) (14,205	(19,205)
		699,290	223,210		922,500	1,059,760
MOVEMENT IN	FUNDS
			Net		Transfers
		At 1.1.22	movement	in	between	At 31.12.22
			funds		funds
Unrestricted funds
General fund		315,333	(10,676)			304,657
Designated fund		100,000	(32,050)		12,000	79,950
Revaluation reserve		314,683				314,683
Total Unrestricted	Funds	730,016	(42,726)		12,000	699,290
Restricted funds
UK Programme		18,191	(16,755)			1,436
Africa Programme		311,552	(77,778)		(12,000)	221,774
Other
Total Restncted	Funds	329,744	(94,533)		(12,000)	223,210
TOTAL FUNDS		1,059,760	(137,259)			922,500
Prior yeet totei funds		95a78f	106,979			f,059,760

Net moveme	nt in fund	s, included	in the above	are as foliose
			2022			2021
				tset				Net
				Movement In			Gains and	Movement
		Income	Expenditure	funds	income	ExpenChtvta	Losses	In funds
			E
Unrestricted	funds
General fund		442,236	(452,912)	(10,676)	422,732	(433044)		(10,312)
Designated	fund	10,174	(42,224)	(32,050)	ioo,ooo			100,000
Revaluation	reserve						55 ODO	55000
Total IJnreatrlcted		452,410	(495,136)	(42,726)	522,732	(433,044J	55,0DO	144,688
Restricted	funds
UK Programme		20,600	(37,355)	(16,755)	20,000	(75,509)	(75,509)	('55509)
Africa Programme:
	General	128,492	(68,223)	60,269	52,321	(45,612)	(45,612)	6,709
	Ghana	22,240	(48,880)	(26,640)	49,507	(28,769)	(28,769)	20,738
	Malawi	74,092	(56,437)	17,655	e,eeo	(45,525)	(45,525)	(36,675)
Sierra Leone		8,185	(54,498)	(46,313)	50,115	(71,008)	(7I,008)	(20,893)
	Uganda	60,353	(51,085)	9,268	2,000	(17.792)	(17,792)	(15,792)
	Zambia	12,500	(104,518)	(92,018)	ee,ree	5,579	5,579	64,367
Total turica Programme		305,862	(383,641)	(77,779)	221,581	(203,128)	(203,126)	18,453
Other						(654)	(654)	(654)
Total Restricted		326,462	(420,996)	(94,533)	241,581	(279,290)	(279,290)	(37,709)
TOTAL FUNDS		778,871	(916,131)	(137,259)	re4,313	(rtz334)	(224,29o)	toe,ero

Minimum	lease payments
		2022	2021
			f
Within one year		846	687
Between	one and five years	1,368	162
In more	than five years
		2,214	849