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REGISTERED COMPANY NUMBER: 07948626 (England and Wales)
REGISTERED CHARITY NUMBER: 1147181













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 28 February 2021

for

ST ANNA'S CHILDREN'S HOME

ST ANNA'S CHILDREN'S HOME






Contents of the Financial Statements
for the Year Ended 28 February 2021




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

ST ANNA'S CHILDREN'S HOME (REGISTERED NUMBER: 07948626)

Report of the Trustees
for the Year Ended 28 February 2021


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Review of the Year
One of the main focuses this year has been to survive the challenges that COVID 19 has created. The Ghanaian government ordered the closure of all schools from March 2020 to January 2021, allowing only students who were due to sit national exams to continue to attend. In compliance with this St Anna's Academy closed to all but 60 students for these 10 months. Due to the economic impact of the pandemic, and with some parents not being able to work due to lockdown, some families were not able to pay their school fees in full. We continued to allow these students to attend the school in order to try and minimise the negative effect the pandemic had on children and we will try to recover this income in the coming year.

St Anna's Home became not only a locked down family space, but also a refuge for day orphans and a safe haven for women who struggled with domestic issues, working alongside the local authorities. We have therefore had much more wear and tear within the home and this meant there was more maintenance to sort.

We have managed to continue very slowly with the ongoing development of the St Anna's Academy new build and going forward this will be our main focus in the coming years as St Anna's gets back on its feet and re-opens; following and sticking to all Government guidelines and advice.

The school itself remains popular when open, looking after two hundred pupils full time who are fee paying, with a further forty-two attending on scholarships. Revenue generated by the school from fee paying pupils covers the cost of the scholarship pupils. The school employs thirty-six teaching staff when fully open, as well as two security men, a cleaner and an accountant. For the 10 months where only 60 children were allowed to attend school the staffing level dropped to 11 as less teachers were required.

St Anna's Home currently has twenty-two permanent children under our care and many of the forty-two children who attend the Academy on a scholarship are also looked after and fed at the home being considered 'day orphans'. They are cared for by our three members of staff. The eldest five children will start University in September 2021.

St Anna's continues to be a highly regarded school within the local community, and to work alongside local social services and welfare support to help re home, support and care for abandoned children.

FINANCIAL REVIEW
Reserves policy
In the Trustees' view, the cash reserve should provide the charity with adequate financial stability to meet its running costs for a minimum of 6 months and the means for it to meet its charitable objectives in the short term.

The trustees propose to maintain the charity's cash reserves at a minimum level of £5,000 in th UK account which is 6 months running costs after accounting for school fees received and have done so having regards to its manner of operation and of likely funding streams.

The trustees review the amount of reserves that are required on an annual basis and more regularly if necessary, to ensure that they are adequate to fulfil the charity's continuing obligations.


ST ANNA'S CHILDREN'S HOME (REGISTERED NUMBER: 07948626)

Report of the Trustees
for the Year Ended 28 February 2021

FUTURE PLANS
Last year St Anna's was in receipt of an extremely generous donation from a single donor in the UK. This donation is to cover the costs of finishing the school building. Due to covid this has been put on hold, but when the building continues the donor has said they will honour the rest of their donation to finish the academy. This now allows us to plough on with building soon without having to stop to fundraise and as such we can hope to complete this soon covid permitting.

We will continue to support the children of St Anna's Home with all their needs, and to work with the social welfare office if we are asked to receive any new children.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07948626 (England and Wales)

Registered Charity number
1147181

Registered office

Trustees
Ms L De Klee Trustee
Dr G A Haigh Trustee

Independent Examiner
SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

Approved by order of the board of trustees on 15 August 2022 and signed on its behalf by:





Ms L De Klee - Trustee

Independent Examiner's Report to the Trustees of
St Anna's Children's Home

Independent examiner's report to the trustees of St Anna's Children's Home ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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:

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 accounting 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.








Stephen Docherty
FCCA
SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

15 August 2022

ST ANNA'S CHILDREN'S HOME

Statement of Financial Activities
for the Year Ended 28 February 2021

28.2.21 29.2.20
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 15,572 - 15,572 16,148


EXPENDITURE ON
Charitable activities
Children's Maintenance 12,430 - 12,430 15,361
St Anna's Academy 2,327 - 2,327 10,641

Other 3,887 4,106 7,993 7,198
Total 18,644 4,106 22,750 33,200

NET INCOME/(EXPENDITURE) (3,072 ) (4,106 ) (7,178 ) (17,052 )


RECONCILIATION OF FUNDS

Total funds brought forward 34,739 88,761 123,500 140,552

TOTAL FUNDS CARRIED FORWARD 31,667 84,655 116,322 123,500

ST ANNA'S CHILDREN'S HOME (REGISTERED NUMBER: 07948626)

Balance Sheet
28 February 2021

28.2.21 29.2.20
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 30,704 83,299 114,003 116,350

CURRENT ASSETS
Cash at bank and in hand 3,903 1,356 5,259 8,290

CREDITORS
Amounts falling due within one year 8 (2,940 ) - (2,940 ) (1,140 )

NET CURRENT ASSETS 963 1,356 2,319 7,150

TOTAL ASSETS LESS CURRENT LIABILITIES 31,667 84,655 116,322 123,500

NET ASSETS 31,667 84,655 116,322 123,500
FUNDS 9
Unrestricted funds 31,667 34,739
Restricted funds 84,655 88,761
TOTAL FUNDS 116,322 123,500

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.


The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


ST ANNA'S CHILDREN'S HOME (REGISTERED NUMBER: 07948626)

Balance Sheet - continued
28 February 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 15 August 2022 and were signed on its behalf by:





L De Klee - Trustee

ST ANNA'S CHILDREN'S HOME

Notes to the Financial Statements
for the Year Ended 28 February 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 4% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.


ST ANNA'S CHILDREN'S HOME

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

28.2.21 29.2.20
£    £   
Depreciation - owned assets 5,722 5,553

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 29 February 2020.


Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2021 nor for the year ended 29 February 2020.


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

28.2.21 29.2.20
House Mother, Cooks, Teachers, Security 11 29

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,148 - 16,148


EXPENDITURE ON
Charitable activities
Children's Maintenance 15,361 - 15,361
St Anna's Academy 10,641 - 10,641

Other 3,261 3,937 7,198
Total 29,263 3,937 33,200

NET INCOME/(EXPENDITURE) (13,115 ) (3,937 ) (17,052 )


RECONCILIATION OF FUNDS

Total funds brought forward 47,854 92,698 140,552


ST ANNA'S CHILDREN'S HOME

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 34,739 88,761 123,500

6. AMOUNTS PAYABLE TO INDEPENDENT EXAMINER

Of the amounts paid to the independent examiner during the period, £660 related to the independent examination and £660 related to other accountancy services.

7. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2020 130,722
Additions 3,375
At 28 February 2021 134,097
DEPRECIATION
At 1 March 2020 14,372
Charge for year 5,722
At 28 February 2021 20,094
NET BOOK VALUE
At 28 February 2021 114,003
At 29 February 2020 116,350

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 29.2.20
£    £   
Accrued expenses 2,940 1,140

9. MOVEMENT IN FUNDS
Net
movement At
At 1.3.20 in funds 28.2.21
£    £    £   
Unrestricted funds
General fund 34,739 (3,072 ) 31,667

Restricted funds
Purchase of Land 5,285 - 5,285
School Building 83,476 (4,106 ) 79,370
88,761 (4,106 ) 84,655
TOTAL FUNDS 123,500 (7,178 ) 116,322

ST ANNA'S CHILDREN'S HOME

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 15,572 (18,644 ) (3,072 )

Restricted funds
School Building - (4,106 ) (4,106 )

TOTAL FUNDS 15,572 (22,750 ) (7,178 )


Comparatives for movement in funds

Net
movement At
At 1.3.19 in funds 29.2.20
£    £    £   
Unrestricted funds
General fund 47,854 (13,115 ) 34,739

Restricted funds
Purchase of Land 5,285 - 5,285
School Building 87,413 (3,937 ) 83,476
92,698 (3,937 ) 88,761
TOTAL FUNDS 140,552 (17,052 ) 123,500

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,148 (29,263 ) (13,115 )

Restricted funds
School Building - (3,937 ) (3,937 )

TOTAL FUNDS 16,148 (33,200 ) (17,052 )

ST ANNA'S CHILDREN'S HOME

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.3.19 in funds 28.2.21
£    £    £   
Unrestricted funds
General fund 47,854 (16,187 ) 31,667

Restricted funds
Purchase of Land 5,285 - 5,285
School Building 87,413 (8,043 ) 79,370
92,698 (8,043 ) 84,655
TOTAL FUNDS 140,552 (24,230 ) 116,322

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 31,720 (47,907 ) (16,187 )

Restricted funds
School Building - (8,043 ) (8,043 )

TOTAL FUNDS 31,720 (55,950 ) (24,230 )

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2021.