The Tongole Foundation,Ltd - AccountsChartiy- Accounts

The Tongole Foundation,Ltd - AccountsChartiy- Accounts

THE TONGOLE FOUNDATION - Company Information

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2021-01-01 07102126 2021-12-31 07102126 2021-01-01 2021-12-31 07102126 uk-bus:Director1 2021-01-01 2021-12-31 07102126 uk-bus:Director1 2021-12-31 07102126 uk-bus:Director2 2021-01-01 2021-12-31 07102126 uk-bus:Director2 2021-12-31 07102126 uk-bus:Director3 2021-01-01 2021-12-31 07102126 uk-bus:Director3 2021-12-31 07102126 uk-char:TotalUnrestrictedFunds 2021-01-01 2021-12-31 07102126 2020-12-31 07102126 2020-01-01 2020-12-31 07102126 uk-core:WithinOneYear 2021-12-31 07102126 uk-core:WithinOneYear 2020-12-31 07102126 uk-char:TotalUnrestrictedFunds 2021-12-31 07102126 uk-char:TotalUnrestrictedFunds 2020-12-31 07102126 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2021-01-01 2021-12-31 07102126 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2020-01-01 2020-12-31 07102126 uk-char:TotalUnrestrictedFunds 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure 07102126 uk-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 07102126 uk-bus:FRS102 2021-01-01 2021-12-31 07102126 uk-bus:FullAccounts 2021-01-01 2021-12-31
(England and Wales)
Company number: 07102126
Charity number: 1139568
The Tongole Foundation
For the year ended 31 December 2021
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 December 2021
The Tongole Foundation
Contents Page
1 to 2
Report of the Trustees
3
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities
5
Statement of Financial Position
6 to 9
Notes to the Financial Statements
3
For the year ended 31 December 2021
The Tongole Foundation
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 31 December 2021. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS
102) (effective 1 January 2019).
Chair's report
Reference and administrative details
Reference and administrative details are shown in the schedule of members of the board and professional advisors on page
1 of the financial statements.
The Trustees
The trustees who served the company during the period were as follow:
Mr D J Gridley (Chairman)
Mr D J Cole
Mr S K Payne
OBJECTIVES AND ACTIVITIES
The charity's objectives are:- The relief of proverty & need, the protection of health, the advancement of education & the protection and conservation of the environment for the people of Africa and in particular but not exclusively the Nkhotakota region of Malawi, by such means as the Trustees determine including the following: (a) Providing and assisting in the provision of goods, services, resources, grants and technologies and equipment to enable better use of resources. (b) Devolving infrastructure and educating communities and(c) Providing people with the means to live and support themselves and their community for the present and future. Our first objective is in respect of education. Having liaised with the Local Education Authority, School Governors and teachers of the three schools we were looking to initially support, it became apparent that each school had different priorities. However, the overall requirements were all very similar; these ranged from the building of a new school block, the renovation of existing school buildings, the provision of teachers' accommodation and the building of toilet blocks. Currently much teaching is undertaken outside, often under trees, which becomes very difficult or impossible when it rains or when the temperature soars. There is also a great lack of equipment such as desks, chairs, pens, pencils and exercise books. In addition, the Foundation is active in education regarding conservation issues.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
The Financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their reports in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014. There is a deficit for the year of £(6,414) the funds remaining at the end of the year after taking into account the deficit were £19,474
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is established as a company limited by guarantee and is governed by the Memorandum and Articles of the
Association dated 30 November 2010. It is under the control of the board of Trustees.
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4
For the year ended 31 December 2021
The Tongole Foundation
Report of the Trustees Continued
Recruitment and appointment of trustees
New Trustees are appointed by the Board of Trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Tongole Foundation
Name of Charity
Charity registration number
1139568
07102126
Company registration number
Suite 2
Principal address
Burfields House
The Plain
Goudhurst Kent
TN17 1AE
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr D J Gridley
Mr D J Cole
Mr S K Payne
Richards & Co - Chartered Accountants
Independent examiners
The Barn Office 3, 2nd Floor
Yew Tree Studios
Stanford North
Ashford Kent
TN25 6DH
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
12 June 2022
Mr D J Gridley
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5
For the year ended 31 December 2021
The Tongole Foundation
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the
accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richards & Co - Chartered Accountants
Timothy R Richards
The Barn Office 3, 2nd Floor
Yew Tree Studios
Stanford North
Ashford Kent
TN25 6DH
10 May 2022
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6
For the year ended 31 December 2021
The Tongole Foundation
Statement of Financial Activities (including Income and Expenditure Account)
2020
Unrestricted
funds
Notes
£
£
Income and endowments from:
Donations and legacies
10,666
34,386
2
Total
10,666
34,386
Expenditure on:
Charitable activities
(17,080)
(21,544)
3/4
Total
(17,080)
(21,544)
(6,414)
12,842
Net income/expenditure
Reconciliation of funds
Total funds brought forward
13,046
25,888
Total funds carried forward
19,474
25,888
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7
07102126
Registered Number :
As at 31 December 2021
The Tongole Foundation
Statement of Financial Position
£
£
Notes
2021
2020
Current assets
Cash at bank and in hand
21,974
28,388
21,974
28,388
Creditors: amounts falling due within one year
(2,500)
(2,500)
9
Net current assets
19,474
25,888
Total assets less current liabilities
19,474
25,888
Net assets
19,474
25,888
The funds of the charity
Unrestricted income funds
10
19,474
25,888
Total funds
19,474
25,888
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
12 June 2022
Mr D J Gridley
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8
For the year ended 31 December 2021
The Tongole Foundation
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. The Tongole Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
2020
2021
£
£
Unrestricted funds
Donations received
34,386
10,666
34,386
10,666
3. Costs of charitable activities by fund type
2020
2021
£
£
Unrestricted funds
4,354
-
Activity 1
17,190
17,080
Support costs
21,544
17,080
4. Costs of charitable activities by activity type
2020
2021
£
£
Support costs
Activity 1
17,080
21,544
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9
For the year ended 31 December 2021
The Tongole Foundation
Notes to the Financial Statements Continued
5. Analysis of support costs
2020
2021
£
£
Activity 1
Management
14,167
13,463
IT
413
1,227
Governance costs
2,500
2,500
17,190
17,080
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2021
2020
£
£
Accountancy fees
2,500
2,500
7. Staff costs and emoluments
Total staff costs for the year ended 31 December 2021 were:
2021
2020
£
£
Salaries and wages
10,562
10,701
10,562
10,701
2021
2020
2
employees
2
2
2
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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10
For the year ended 31 December 2021
The Tongole Foundation
Notes to the Financial Statements Continued
9. Creditors: amounts falling due within one year
2021
2020
£
£
Accruals and deferred income
2,500
2,500
2,500
2,500
10. Movement in funds
Unrestricted Funds
Balance at
01/01/2021
Incoming
resources
Outgoing
resources
Balance at
31/12/2021
£
£
£
£
General
25,888
10,666
(17,080)
19,474
General
25,888
10,666
(17,080)
19,474
Unrestricted Funds - Previous year
Balance at
01/01/2020
Incoming
resources
Outgoing
resources
Balance at
31/12/2020
£
£
£
£
General
13,046
34,386
(21,544)
25,888
General
13,046
34,386
(21,544)
25,888
11. Analysis of net assets between funds
Net current
assets /
(liabilities)
Net Assets
£
£
Unrestricted funds
General
19,474
19,474
General
19,474
19,474
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11
For the year ended 31 December 2021
The Tongole Foundation
Notes to the Financial Statements Continued
Previous year
Net current
assets /
(liabilities)
Net Assets
£
£
Unrestricted funds
General
25,888
25,888
General
25,888
25,888
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