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