AMARA Aid Limited. Com an limited b uarantee Trustees, Report and Unaudited Financial Statements Year Ended 30 November 2022 Company Number.. N141924 Charity Registration Number: NIC102416
AMARA Aid Limited. Company limited by guarantee Contents Trustees and other informalion Report of the Trustees Income and Expenditure Account Balance Sheet Notes to the Financial Statements Independenl Examiner's Report 10
AMARA Aid Limited. Company limited by guarantee Trustees and other inforniation Trustees Mrs Iris Stewart (Chairperson) Mr Robert Logan (Vice-chairperson) Mr William Stewart (Secretary) Dr Richard Kennedy (Treasurer) Mr Samuel Kirk Mr S Paul Stewart Mrs Ester Stewart (appointed Jan 2022) Mr Thomas Weatherup (resigned Mar 2023) istered Office AMARA Aid Limited 6 Doagh Road Ballyclare BT39 9BG Bankers Danske Bank 18 The Square Ballyclare BT39 9BB Accountants Hopper & Co Chartered Accountants 6 Doagh Road Ballyclare BT39 9BG Page I
AMARA Aid Limited. Company limited by guarantee Re ort of the Trustees, for Year Ended 30 November 2022 The Trustees present their Report together with unaudited accounts for year ended 30 November 2022. Reference and Administrative Details AMARA Aid Limited 6 Doagh Road Ballyclare BT39 9BG Registered Charity in Northern Ireland (NIC 102416) Chari Trusteesmirectors The Charity Trustees who served during the year or who were trustees at the date of this report were Mrs Iris Stewart (Chairperson) Mr Robert Logan (Vice-chairperson) Mr William Stewart (Secretary) Dr Richard Kennedy (Treasurer) Mr Samuel Kirk Mr S Paul Stewart Mrs Ester Stewart (appointed Jan 2022) Mr Thomas Weatherup (resigned Mar 2023) Status The Charity has been accepted as a charity by the Charities Commission for Northern Ireland on the 26 August 2015 (NIC102416) and as such no provision for taxation h&s been made. The Trustees of the Charity are also Directors of the Limited Company for the purposes of the Companies Act 2006. Aims and ob'ectives. The principal aim and objective of AMARA Aid Limited is the relief of povety, the advancement of education through medical and agricultural projects and the advancement of religion initially in Tanzania and in such other places as the Trustees may decide. The charities beneficiaries include people in East Africa inclusive of subsistence farniing communities, orphans, disadvantaged people and people with medical needs. Amara aid is entlrely voluntary in nature and is not aware of any private benefits flowing from any defined purpose. Public BenefiL The public benefits derived from the principal aims and objectives can be shown as follows: Page 2
AMARA Aid Limited. Company limited by guarantee Trustees report Continued... (l) the relief of poverty. The direct benefits which flow from this purpose include a number of humanitarian projects designed to improve living standards for communities suffering poverty in Tanzania and East Africa. These benefits can be demonstrated through agricultural development projects which have sought to foster and improve sustainable food production. The supply of agricultural training, materials and livestock have enabled marginal subsistence farniers to attain better yields helping to secure food production and generate additional income to relieve poverty. The benefits can also be demonstrated for vulnerable young people and orphans through the support of local efforts to provide suitable facilities and accommodation for individuals suffering extreme poverty and hardship. The beneficiaries include impoverished rural subsistence farmers and individuals and communities suffering poverty in Tanzania and East Africa. The benefits of these relief of poverty development projects for poor rural communities in Tanzania and East Africa is significant and there is no harni flowing from this purpose. There is no private benefit flowing from this purpose. (2) the advancement of education. The direct benefits which flow from this purpose include enhancing educational attainment and improving social development in East Africa. The benefits of this work are demonstrated through improved access to education, supply of educational resources and support for marginalisedlvulnerable people. Follow up visits from AMARA AID members and feedback from the various relevant institutions provide validation of the work. The benefits of this aid e.g. advancing educational attainment for disadvantsged young people outweigh any potential harn]. There is no private benefit flowing from this purpose. (3) the advancement of religion. The direct benefits which flow from this purpose include helping to support local East African church groups to develop facilities and services for local communities. These benefits can be demonstrdted through the development of new and improved church buildings, the renovation of a church hostel for vulnerable young people and the equipping of an Anglican church run medical clinic in Tabora (Tanzania). The beneficiaries are primarily the African communities served by the local church groups that have been supported. The beneficiaries include people suffering poverty and hardship but also young people and those suffering illness, infinnity and disease. The benefits of these purposes to local communities outweigh any potential harn). There is no private benefit flowing from this purpose. The Trustees confimi that they have complied with the requirements of section 4 of the Charities Act 2008 to have due regard to the public benefit guidance published by The Charity Commission for Northern Ireland. Activities & Performance The principal activity of the charity is to provide medical, educational and agricultural assistance through various projects to poor communities mostly in rural areasof Tanzania. The charity is overseen by a group of 7 voluntary directors. The organisation relies on support from individual donors, groups and fund raising events including the establishment of a charity shop in the town of Larne in 2014. Page 3
AMARA Aid LiJDited. Company limited by guarantee Trustees report continued... Activitie5 and projects supported to datehave included the construction of a hostel. development of various agricultural improvement schemes, TequippiDg a medical clinic aud ongoing support of a group of orphaus in East Africa Financial ReviewlGoin Concern The Financial Statements sbow a SUTplus in the period of £1.790 (2021 £16.839) In March 2020 the charity took steps (in line with governm¢nl advice) to help contain the outbreak of COVID-19. This mcant that the charity has had to curtail, or change, how it operates. the charity has been able to continue some of its activities and since reopened its charity shop. Ai the time of approving the accounts. the Tnle¢S have a reasonable expectation that the charity has adequate resources to continue in operational existence for ihe fOse¢able future. Thus the Truste continue to adopt the going cOnCn basis of accounting in preparing these financial statements. The charity has a net liabilities position at the year end but the trustees remain confident that sufficient resources will be available as debt fallce to fund any shortfalls. Statement of Trustees Ros sibilities The Tn]stees are responsible for the preparation of Financial Statements for each financial period which give a true and fair view of the surplus or deficit i.lng in the peri(Nl and of the &ssets and liabilities of the CEMrity as at the end of the financial p¢riod. The Financial Statements are to be prepared under Section 64(1) of the Charities Act (Nl) 2008 and in accordance with sections 396 of the Companies Act 2006. The Trustees are responsible for the maintenance of proper accounling records in accordance with section 386 of the Companies Act 2006 which disclose with reasonable accuracy the financial position of the Charity at any given time. They are responsible for safeguarding the assets of the Charity and for taking all necessary steps for the prevention or detection of fraud and other irregularities. ed on behalf of the Tntee5. Dated: 22 August 2023 illiam Stewart Director Dated: 22 August 2023 Mrs Iris Strwart Director Page 4
AMARA Aid Limited. Company limited by guarantee Income and Expenditure Account for the Year Ended 30 November 2022 2022 2022 2022 2021 Unrestricted Restricted Total Total Income: Danske Bank Interest 119 119 52 Sales 31,035 31,035 34,792 Donations 24,222 24.222 22,142 55.376 55.376 56.986 Expenditure: General Ex enses Printing & Stationery 425 425 825 Insurances 534 534 510 Independent Examination 396 396 360 Misc Expenses 55 55 54 Bank Fees Develo ment Pro 264 264 320 ects & Events Charitable Projects 47,439 47,439 34.321 Shop Expenses 48 48 47 Shop Rent 4.424 3,710 53.586 53.586 40.147 (Deficit)ISurplus for the period 1,790 1,790 16.839 Reserves Brought Forward 69,108 69,108 52.269 Reserves Carried Forward 70.898 70.898 69,108 Page 5
AIIIARA Aid Limited. Company limited by guarantee Balance Sheet for the Year Ended 30 November 2022 2022 2021 Note Fixed assets: Fixtures & Fittings Current assets: Other Debtors Prepayments 415 398 Danske Bank Curr¢nt account 20,489 33,741 Danske Bank Savings account 50,570 35,209 Paypal Account 120 120 Current assets: Creditors Accruals 396 360 396 360 Net Assets 70,898 69,108 Charity Reserves: At l January 69.108 52,269 (Deficit)ISuTpIus 1.790 16,839 At 31 December 70,898 69.108 The notes on pages 8 to 9 fonn an integral part of these financial statements Page 6
AMARA Aid Limited. Company limited by guarantee Balance Sheet for the Year Ended 30 November 2022 ..coniinued For the financial ended 30 November 2022. the company was entitled to exemption under section 477 of thc Companies Act 2(X)6 rclating to small companies. No members have required the company to obiain an audit of its accounls for the year in question in accordance with .seclion 476 of the Companies Aci 2006. The Trnstees acknowledge their responsibllities for ensuring that the company keeps accounting records which comply with section 386 of the Companie5 Act 2006 and preparing accounts which give a true and fair view of thc statc of affairs of thc company as at the end of the year and of its income and expenditure for the financial year in accordance with the requirejnents of section 394 Companies Act 2006 and which otherwise cornply with the Companies Act 21K)6. so far as applicable to the company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime under the Companies Act 2(X)6. The accounts were approved by the Trustees on 22 August 2023 illiam Stewart Director Page 7
AMARA Aid Limited. Company limited by guarantee Notes to the Financial Ststements for the Year Ended 30 November 2022 l Accounting Policies 1.1 Basis ofpreparalion These financial statements have been prepared under the historical cost basis and the trustees have given due regard to the Tecommendations contained within the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2015 and applicable accounting standards. 1.2 Fund accounting Incoming resources that may be applied for the Charity's general purposes are treafrd as 'unrestricted' incoming resources and are credited to the 'unrestricted funds,. Funding for purposes designated for a specific purpose by the Trustees is credited to 'designated funds,. Where a donation or grant is required to be used for a specified purpose, the amount concerned is treated as a 'restricted' incoming resource and is credited to the appropriate 'restricted fund,. 1.3 liicoming resources All incoming resources are included in th¢ statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donated services and facilities are included at the valu¢ lo the charity where this can be quantified. Investment income is included when receivable. Incoming resources from grants. where related to perforniance and specific deliverables, are accounted for as the charity earns the right to consideration by its perfonnance. 1.4 Bank inleresl Bank interest is recognised as an incom ing resource when it is credited to the bank statement. All bank interest is treated as unrestricted income to the General Fund. 1.5 Resources Erpended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any V AT that cannot be fully recovered, and is reported as part of the expenditure to which it relates. 1. 6 Deprecialion Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any residual value. over their expected useful economic life as follows: Fixtures and fittings 20% straight line Page 8
AMARA Aid Limited. Company limited by guarnntee Notes to the Financial Statements for the Year Ended 30 November 2022 2 Tangible fixed assets Fixture & Fittings Cost At l December 2021 2,674 At 30 November 2022 2,674 Depreciation At l December 2021 Charge for the year At 30 November 2022 2,674 2,674 Net Book Value At l December 2021 At 30 November 2022 3 Creditors: Amounts falling due within one year 2022 2021 Creditors Accruals 396 396 360 360 4 Company Status The company is a private company limited by guardntee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. 5 Reserves 2022 2021 At l December Surplus /(Deficit) for the year 69,108 1.741 52,269 16,839 Transfers to Restricted Funds At 30 November 70.849 69,108 Page 9
AMARA Aid Limited. Company limited by guarantee Independent Examiners Report for the Year Ended 30 November 2022 I report on the financial statements of AMARA Aid Limited. for the year ended 30 November 2022 set out on pages I to 9. Respective rponsIbIlitieS of trustees And independent examiner AMARA Aid's trustees are responsible for the preparation of the financial statements in accordance with the temis of the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. AMARA Aid's trustees consider that an audit is not required under section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64(1) of the Charities Act (Northern Ireland) 2008 is required. It is my responsibil ity to.. examine the accounts to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out under Section 65 of the Charities Act (Northern Ireland) 2008. An exainination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures 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 financial stalements. Independent examiner's statement In the course of my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep proper accounting records in accordance with Section 63 of the charities Act (Northern Ireland) 2008. and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (Northern Ireland) 2008 have not been met. or (2) to whic in my opinion, attention should be drawn in order to enable a proper underst din of the financial statements to be reached. 6 Doagh Road Ballyclare Co. Antrim United Kingdom BT39 9BG S Hopper Hopper & Co. Chartered Accountants 23 August 2023 Page 10