Charity registration number 1179406
Company registration number 10611843 (England and Wales)
FOOTPRINTS AFRICA LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOOTPRINTS AFRICA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Mr J G Asante
Miss A K Agyeman-Togobo
Miss R O Sanusi
Mrs A K Allotey
Charity number
1179406
Company number
10611843
Registered office
International House
36-38 Cornhill
London
EC3V 3NG
Independent examiner
Robson Laidler Accountants Limited
Mains House
143 Front Street
Chester le Street
Durham
DH3 3AU
Bankers
Natwest (UK)
PO Box 282
216 Bishopsgate
London
EC2M 4JH
Triodos (UK)
Deanery Road
Bristol
BS1 5AS
Stanbic (Ghana)
Pyramid House
Ring Road West
Accra
FOOTPRINTS AFRICA LIMITED
CONTENTS
Page
Trustees' report
1 - 7
Independent examiner's report
8
Statement of financial activities
9 - 10
Balance sheet
11
Notes to the financial statements
12 - 20
FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Companies Act 2006 and "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).

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Objectives and activities

Legal Purposes

Footprints Africa objectives are for the public benefit.

 

 

Footprints Africa’s mission is to advance sustainable, scalable and inclusive approaches to the development of local African economies and prove that business can be a force for good at scale. 

Footprints Trustees have due regard to the Charity Commission’s guidance on public benefit and have included clauses on the necessary requirements in all contracts and Memoranda of Understanding (MoU). Footprints signs contracts or MoUs with all parties with whom we engage; from programme participants, grant recipients and those contracted to undertake activities in pursuit of our objectives

 

Footprints has identified that certain issues related to sustainable development, such as the environmental and community impact of industry, stem from private sector activity. Additionally, despite the involvement of companies' supply chains and distribution channels with impoverished communities, they often fail to provide a lasting pathway out of poverty.

To achieve its goals in a sustainable and widespread manner, Footprints has developed a series of educational activities and research initiatives, including collaborative efforts with Small and Medium-sized Enterprises (SMEs) to encourage better environmental and community standards. Through these efforts, Footprints aims to support SMEs in adopting future-friendly practices, addressing challenges in sustainable growth, creating meaningful employment opportunities, and using supply chains as a tool for inclusive and regenerative development.

At its core, Footprints focuses its efforts on improving the lives of people in Ghana and the broader African continent, with a particular emphasis on socially excluded groups. Footprints strives to create sustainable and quality jobs to contribute to Africa’s inclusive and regenerative development.

 

Additional details of objectives and activities

Grant-making policy

Footprints Africa supports a wide range of initiatives to strengthen the impact of SMEs on their local communities, employees, environment and customers. The terms of a grant proposal, management of grants, and requests for modifications of grant terms are governed by the charity’s grant making policies with a focus on the grantees’ fiduciary, reporting and record-keeping responsibilities.

During 2023, there were a total of 16 grants awarded to participants in our programmes for a total of £5,599.

______

1 For the purpose of this clause “social exclusion” means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental) race; gender; poor educational or skills attainment or disability. Charity Commission (2001) Social Exclusion, The Promotion of Social Inclusion.

2 "Sustainable development" is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” World Commission on Environment and Development (1987) Sustainable Development, Our Common Future.

 

 

 

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
Achievements and performance

Poverty Alleviation

The informal sector is estimated to represent 86% (3) of all jobs in Africa. It is critical to ensure that Informal Workers are not left behind through creating meaningful engagement with formal value chains. Recognising that the Informal Sector is an integral part of the economy yet experiences deep vulnerability, Footprints seeks to improve the livelihoods, security and income of Informal Workers by providing programming and resources to Informal Workers and those who engage them.

Goal: Footprints will work with 100 SMEs and 1,000 informal workers to reduce vulnerability and secure livelihoods.

Target Milestones

(by 2025)

Totals

2022

Totals

2023

Overall

100 SMEs implementing policies to support 800 informal workers, providing contracts & safety equipment

  • 60 SMEs trained

  • 670 Informal workers impacted

  • 76 SMEs trained

  • 120 Informal workers impacted

 

  • 136 SMEs trained

  • 790 Informal workers impacted

Advocacy - host annual workshop to engage key decision-makers to influence the lives of informal workers

5 Stakeholder workshops held/co-chaired

Alumni event,

Co-Chairing Inclusion Task Force of Ghana’s National Plastics Action Partnership

7 workshops/events

 

Environment

Businesses are a key contributor to environmental degradation and share resources with communities. Footprints will promote regenerative practices within our community of Small Medium Enterprises (SMEs) - focussed on eliminating waste and instilling circular business practices.

Goal: support 100 circular businesses in Africa to measure and improve their environmental impact and provide them with support to grow sustainably.

Target Milestones

(by 2025)

Totals

(2022)

Totals

(2023)

Overall

Circularity Mapping

  • 500 cases

  • 200 policies

  • 8 reports reaching 100,000 people

 

  • 500 cases

  • 200 policies

  • 6 reports published reaching 41,000 people

  • Goal Met

  • Goal Met

  • 2 reports published (EEB Report & How to Guide) reaching 3,500 people

  • Goal Met

  • Goal Met

  • Goal Met

 

Circular Metrics

  • 35 SMEs complete pilot

  • 5 SMEs

  • 4 SMEs

 

  • 9 SMEs

 

Design Tools & Training

  • 100 companies trained

  • 9 programmes

  • 60 companies reduce scope 1 & 2 emissions

  • 5 companies zero waste

  • 75 companies trained

  • In progress

  • In progress

 

 

  • In progress

  • 133 companies trained

  • 4 programmes

  • 70 companies

 

 

  • 1 company went to Zero Waste!

 

  • Goal Met

 

  • 4 programmes

  • Goal Met

 

 

  • 1 company

 

_____

3 International Labour Organization (2018) More than 60 per cent of the world’s employed population are in the informal economy

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -

Women’s Empowerment

Women’s empowerment in Africa plays a critical role in the continent's efforts to reduce poverty. Women’s empowerment is defined as a woman’s opportunity to make important life choices, whether economic, personal or social. Empowering women not only benefits the woman but their families and communities as well. Footprints will provide targeted programming to support women to be driving forces of change in their communities.

Goal: By 2025, work with 900+ females (and female-led businesses) working in the informal sector to reduce vulnerability and secure livelihoods.

Target Milestones

(by 2025)

Totals

(2022)

Totals

(2023)

Overall

900+ women trained

136 women

51 women

187 women trained

150 SMEs implement policies to support females in their value chain

15 SMEs

0 women

15 SMEs

20 grants awarded to female-owned businesses

12 grants

10 grants

Goal Met

Youth

By 2050, Africa’s youth population is projected to reach one billion (4), the largest globally. 12% of youth in Ghana are unemployed but 50% (5) are underemployed. In the meantime, sustainable development requires new skills and thinking. Footprints will provide young people with critical resources such as soft and hard professional skills, practical work experience and networking opportunities to bolster development and create a diverse group of young people passionate about social and environmental development.

Goal: To support graduates to enter the workplace with industry-relevant skills and knowledge. Through Fellowships, Conferences, Workshops and Research Assignments, we will work with 500 young people by 2025.

Target Milestones

(by 2025)

Totals

(2022)

Totals

(2023)

Overall

Host 50 Fellows

6 Fellows

3 Fellows

9 Fellows

8 University Research Challenges cohorts

1 cohort reaching 38 participants

1 cohort reaching 16 participants

2 cohorts reaching 54 participants

 

Leadership

Our core value is predicated on working with and developing local experts and supporting the next generation of African changemakers. Footprints seeks to strengthen local leadership skills and prospects for sustainable growth and prosperity.

Goal: Through leadership training and hands on experience, Footprints will empower +100 individuals across our team, local experts, and SMEs in Africa. Our goal is that local challenges are addressed by local leaders.

Target Milestones

(by 2025)

Totals

(2022)

Totals

(2023)

Overall

4,000 hours of professional development for staff

296 course hours

433 course hours

729 hours

20 CEOs receive Leadership training

15 CEOs trained

0 trained

15 CEOs trained

Develop local sustainability practitioners

9 trained

18 trained

27 trained

______

4 Hajjar, B. (2020) The children’s continent: keeping up with Africa's growth. Available at https://www.weforum.org/agenda/2020/01/the-children-s-continent/

5 Dadzie, C; Fumey, M. and Namara, S (2020) Youth Employment Programs in Ghana: Options for Effective Policy Making and Implementation. Available at www.worldbank.org/en/news/press-release/2020/09/29/addressing-youth-unemployment-in-ghana-needs-urgent-action

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -

Performance Review

Highlights of Footprints Africa achievements for 2023 are as follows:

  1. Conducted four cohorts of our B Corp Lite programme in Ghana, assisting 76 organisations to enhance their social and environmental performance via trainings on topics such as Environmental Management Systems, Business Requirements, Employee Engagement, Customer Service, Business Models and Theory of Change.

  2. Published a comprehensive how-to guide on measuring the impacts of circular initiatives tailored to companies on the African continent.

  3. Successfully concluded the second cohort of our measurement programme, providing support to four circular businesses in Nigeria to effectively measure their impact.

  4. Delivered training sessions to 75 participants across Africa, enlightening them on the importance of impact measurement and empowering them with the skills to measure the impact of their circular initiatives.

  5. Produced a research report shedding light on the impact of second-hand electronics/cars from the European Union exported to Ghana and Nigeria.

  6. Disbursed £5,599 in 16 micro grants to small businesses - driving social and environmental impact in Ghana, with an emphasis on training informal workers and enhancing waste management, directly benefiting 239 individuals.

  7. Conducted a comprehensive waste audit for the Canadian High Commission to Ghana, identifying waste streams and formulating strategies to mitigate waste generation, as well as diversifying Footprints’ income.

  8. Established partnerships with experts from Ghanaian institutions including the Food and Drug Authority, Ghana Enterprise Authority, Ghana Export Promotion Authority, Ghana Standards Authority, Social Security and National Insurance Trust, and Ghana Revenue Authority. Together, we co-facilitated workshops on Business Compliance for 76 local SMEs.

  9. Graduated 3 youths and enrolled three new youths into our 1-year fellowship programme, providing them with invaluable opportunities for personal and professional development in social and environmental impact to augment their employability.

  10. Organised two internal events and participated in nine external events, actively engaging stakeholders on topics surrounding circular economy and impact measurement reaching a total of 244 participant.

Going concern considerations and subsequent events

Footprints Africa’s principal risk in 2023 was the lack of a major donor/funding source for the organisation. The organisation’s last major donor was First State Investments (UK) which ended in 2023. The Organisation is proactively seeking a major funder to replace First State.

During the period, the Organisation has undertaken the following measures:

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
Financial review

Charity’s Reserve Policy: To mitigate challenges of uncertain funding and timing of funding, Footprints has a policy to hold reserves equivalent to 6 months staff and rent expenses plus £20,000, which is equal to £120,000. The charity currently has free reserves of £111,055 with the remainder allocated to forthcoming projects to further the charity’s objectives.

In the event of a funding delay, this amount would allow us to maintain our staff to look for additional funding, continue minimum programming and review and improve past programmes, so that when funds come through there are not further delays and programmes can continue with less disruption. Reserves can be spent when funding has been approved but is not yet available for Footprints’ use. A case of need should be presented to the Board for their approval to use the reserve funds; Board approval should be documented.

Funding sources: Footprints received total income of more than £188,000 from sources such as First State Investments, Trinomics, Canadian High Commission (Ghana), and The Finnish Innovation Fund (Sitra), and Everroot Consulting. The organisation is actively seeking funding from a diversified pool of funders, as well as undertaking revenue-generating activities, where they align with and further our charitable objects.

Details of any funds materially in deficit: Footprints Africa does not have any funds materially in deficit.

Plans for future periods

Future Plans

With net current assets at £311,055 as of 31st December 2023, it is considered by the Trustees that Footprints Africa has sufficient reserves and liquidity to continue, for the foreseeable future, to manage operations efficiently whilst maintaining a suitable flow of funds to Footprints Africa to fulfil our charitable objectives.

A financial concern for the organisation is that currently there is no core donor. Our planning process, including financial projections and reserves policy, has taken into consideration the current economic climate and its potential impact on future income. In response to this, the organisation has developed and begun to implement a comprehensive fundraising plan to identify and seek new and diverse funding partners and models.

Structure, governance and management

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr J G Asante
Miss A K Agyeman-Togobo
Miss R O Sanusi
Mrs A K Allotey

 

 

FOOTPRINTS AFRICA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -

Footprints Africa is constituted as a Company Limited by Guarantee and utilises a Memorandum and Articles of Association as its governing documents.

Footprints Africa’s Trustees are responsible for the control of the charity and its management through delegation to the CEO. The Trustees give their time freely and receive no remuneration or other financial benefits. 

The Trustees meet quarterly and are responsible for strategic decisions taken in relation to running the organisation, programmatic activities and fundraising. To assist in the smooth running of the organisation, the Trustees have set up a finance committee (which also meets quarterly), to review the organisation’s financials. 

Risk Management

Footprints management team provides a quarterly risk analysis to the Trustees with mitigation strategies and suggestions. The principal risk in 2023 was the lack of a major donor for the organisation

The Trustees' report was approved by the Board of Trustees.

Mr J G Asante
Trustee
26 March 2024
FOOTPRINTS AFRICA LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FOOTPRINTS AFRICA LIMITED
- 8 -

I report to the Trustees on my examination of the financial statements of Footprints Africa Limited (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity 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 the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

John Holbrook FCCA
Robson Laidler Accountants Limited
Mains House
143 Front Street
Chester le Street
Durham
DH3 3AU
Dated: 27 March 2024
2024-03-27
FOOTPRINTS AFRICA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
Current financial year
Unrestricted
Total
Total
funds
2023
2023
2022
Notes
£
£
£
Income from:
Donations and legacies
2
153,257
153,257
29,453
Charitable activities
3
34,399
34,399
54,897
Investments
399
399
69
Total income
188,055
188,055
84,419
Expenditure on:
Raising funds
4
16,988
16,988
11,262
Charitable activities
5
241,714
241,714
387,742
Total expenditure
258,702
258,702
399,004
Net expenditure and movement in funds
(70,647)
(70,647)
(314,585)
Reconciliation of funds:
Fund balances at 1 January 2023
402,380
402,380
716,965
Fund balances at 31 December 2023
331,733
331,733
402,380

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FOOTPRINTS AFRICA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
2
10,005
19,448
29,453
Charitable activities
3
54,897
-
54,897
Investments
69
-
69
Total income
64,971
19,448
84,419
Expenditure on:
Raising funds
4
11,262
-
11,262
Charitable activities
5
368,294
19,448
387,742
Total expenditure
379,556
19,448
399,004
Net income and movement in funds
(314,585)
-
(314,585)
Reconciliation of funds:
Fund balances at 1 January 2022
716,965
-
716,965
Fund balances at 31 December 2022
402,380
-
402,380
FOOTPRINTS AFRICA LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 11 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
11
678
1,148
Current assets
Debtors
12
3,094
21,148
Cash at bank and in hand
342,885
396,089
345,979
417,237
Creditors: amounts falling due within one year
13
14,924
16,005
Net current assets
331,055
401,232
Total assets less current liabilities
331,733
402,380
The funds of the Charity
Unrestricted funds
331,733
402,380
331,733
402,380

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 26 March 2024
Mr J G Asante
Trustee
Company registration number 10611843 (England and Wales)
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
1
Accounting policies
Charity information

Footprints Africa Limited is a charitable company limited by guarantee incorporated in the United Kingdom and registered in England and Wales. The registered office is International House, Holborn Viaduct London, EC1A 2BN.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

 

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP any general volunteer time is not recognised.

 

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 13 -

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

 

Resource expended, support and governance costs are recognised on an accruals basis in the period in which the goods are delivered or the services provided.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
153,257
-
153,257
5
-
5

Grant income

-
-
-
-
19,448
19,448
Donated goods and services
-
-
-
10,000
-
10,000
153,257
-
153,257
10,005
19,448
29,453
Grants receivable for core activities
World Economic Forum
-
-
-
-
19,448
19,448
-
-
-
-
19,448
19,448
Donated goods and services

During the year Footprints Africa received services to the value of £Nil (2022: £10,000) on a pro bono basis.

3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Charitable income

Funds for the development of educational materials

27,014
54,897

Environmental Impact Awareness

7,385
-
34,399
54,897
4
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Trading costs

Fund raising consultant

16,988
11,262
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 15 -
5
Expenditure on charitable activities
B Corp Programme
Research
Grants to institutions
Total
B Corp Programme
Research
Grants to institutions
Total
2023
2023
2023
2023
2022
2022
2022
2022
£
£
£
£
£
£
£
£
Direct costs

Program Delivery Partner Fees

14,008
-
-
14,008
21,987
-
-
21,987

Program Training

-
-
-
-
15,022
-
-
15,022

Consulting

-
37,880
-
37,880
-
102,345
-
102,345

Other

-
519
-
519
-
3,593
-
3,593
14,008
38,399
-
52,407
37,009
105,938
-
142,947
Grant funding of activities (see note 7)
-
-
5,599
5,599
-
-
30,655
30,655
Share of support and governance costs (see note 6)
Support
66,090
82,612
16,522
165,224
79,293
99,112
19,823
198,228
Governance
7,394
9,242
1,848
18,484
6,365
7,956
1,591
15,912
87,492
130,253
23,969
241,714
122,667
213,006
52,069
387,742
Analysis by fund
Unrestricted funds
87,492
130,253
23,969
241,714
122,667
193,558
52,069
368,294
Restricted funds
-
-
-
-
-
19,448
-
19,448
87,492
130,253
23,969
241,714
122,667
213,006
52,069
387,742
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
6
Support costs allocated to activities
2023
2022
£
£
Staff costs
66,865
77,157
Depreciation
468
635
Consulting
55,226
71,457
Internship
9,149
4,778
Staff training
954
7,758
Rent
8,569
6,154
Computer Costs
3,192
3,856
Travelling Expenses
1,660
10,125
Conference & Events
780
121
Postage & Stationary
194
313
Exchanges Losses
13,311
10,500
Other Charitability Activity
4,856
5,374
Governance costs
18,484
15,912
183,708
214,140
Analysed between:
B Corp Programme
73,484
85,658
Research
91,854
107,068
Grants to institutions
18,370
21,414
183,708
214,140
2023
2022
Governance costs comprise:
£
£
Accountancy
11,679
8,177
Legal and professional
6,290
2,443
Insurance
515
5,292
18,484
15,912
FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 17 -
7
Grants payable

Grants to institutions

Grants to institutions

2023
2022
£
£
Pyramid grant
-
6,658
Microgrants
5,599
9,420
Naskha grant
-
1,225
Yom Yom grant
-
3,566
Jumeni grant
-
4,884
Neplast grant
-
3,193
Other
-
1,709
5,599
30,655
8
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
9
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
8
9
Employment costs
2023
2022
£
£
Wages and salaries
52,389
61,618
Social security costs
10,276
11,864
Other pension costs
4,200
3,675
66,865
77,157
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 18 -
11
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2023
4,237
At 31 December 2023
4,237
Depreciation and impairment
At 1 January 2023
3,091
Depreciation charged in the year
468
At 31 December 2023
3,559
Carrying amount
At 31 December 2023
678
At 31 December 2022
1,148

 

12
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
89
18,729
Other debtors
-
2,252
Prepayments and accrued income
3,005
167
3,094
21,148
13
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,587
6,926
Accruals and deferred income
5,337
9,079
14,924
16,005
14
Retirement benefit schemes
Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £4,200 (2022 - £3,675).

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 19 -
15
Restricted funds
Movement in funds
Movement in funds
Balance at
1 January 2022
Incoming resources
Resources expended
Balance at
1 January 2023
Incoming resources
Balance at
31 December 2023
£
£
£
£
£
£
World Economic Forum
-
19,448
(19,448)
-
-
-

World Economic Forum

The charity was awarded a grant of €23,000 to held towards a project drafted by the African Circular Economy Alliance titled: Scaling Circular Solutions in Africa: Proposal for a scoping study to inform the implementation of an Africa-wide Circular Economy Business Incubation Program.

16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Circular economy fund
-
-
-
220,000
220,000
General funds
402,380
188,055
(258,702)
(220,000)
111,733
402,380
188,055
(258,702)
-
331,733
Previous year:
At 1 January 2022
Incoming resources
Resources expended
Transfers
At 31 December 2022
£
£
£
£
£
General funds
716,965
64,971
(379,556)
-
402,380

Circular economy fund

The trustees have designated these funds to advancing the transition to circular economy in Africa.

FOOTPRINTS AFRICA LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 20 -
17
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023
2022
£
£
Trustees and key management personnel
36,750
54,825

The remuneration of the key management personnel is included within consultancy costs.

2023-12-312023-01-01falseCCH SoftwareiXBRL Review & Tag 2022.2106118432023-01-012023-12-3110611843bus:Director12023-01-012023-12-3110611843bus:Director22023-01-012023-12-3110611843bus:Director32023-01-012023-12-3110611843bus:Director42023-01-012023-12-31106118432023-12-31106118432022-12-31106118432022-01-012022-12-3110611843bus:FRS1022023-01-012023-12-3110611843bus:IndependentExaminationCharity2023-01-012023-12-3110611843bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP