Tigray Development As$o¢lAtfion In The United Kingdom (TDA-UK) Trustees, Report and Financial Statements for the year ended 30 September 2021 Charlty Regbtration No l 0 18 3 1 s E WJLLIAMS AND COMPANY CHARTERED CERTZFtED ACCOUNTANTS
rigray Development A550ciation In The United Kingdom ITDA-UK) Contents P4ge General Inforniation Trustees Report Accountants pOrt Stal¢ment of Financial Activities Balance sheet Notes to the accounts
Tigray Development As50ciation In The United Klngdom (TDA-UK) Information Trustees Mr. T¢klit Hailemichael Berhe Mr Hail¢ Hagos Ms Selamawit Giday Mr Abebe Mengesha Mr Teclay Teweldebethan Mr Tewodros Belay Abraham Mr Negasi Meles Address TDA Hous¢ 211 Clapham Road Siockwell London SW9 OQH Tel: 020 7924 0191 Fax: 020 7738 6569 Email: TIgray@tda-Ukrg.yk Web.. www.tda-uk.org.uk Banker Lloyds TSB Sdgemoor House Dean Gate Avenue Black Brook Business Park Taunton. TAI 2UG. AccoifNrANT E Iifilliams & Co Chartered Certified Accountants 120 Streatham Hill London SW2 4RP Charity Reg. No 1-0 183 15 Page I
rigray Development Assoclatlon In The United KlnEdom (TDA-UK) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEYfEMBER 2021 The Trustees present their report together with the audited fjnanciai statements of the charity for the year ended 3(hh of September 2021. Thc Ttustces Mr Teklit Hailemichael Berhe Mr Tewodros Belay Abraham Mr Abebe Mengesha Ms Selamawit Giday Ooined March 2021) Mr Haile Hagos (Joined March 2021) Mr Negasi Meles (Joined March 2021) Mr Teclay Teweldeberhan (Joined March 2021) Governing Doeumenl Tigray Development Association in the United Kingdom (TDA-UK) is constituted under a new trust dced dated 5 March 1993 as amended on 16 Febnw 2014. Its Register¢d Charity number is 1018315. Objects, Mission Statement, Aims and Activities Mlsslon Sidtemenl.. The TDA-UK is a partner of Tigray Developrnenl Association International (TDA Int.) an indigcnous non-governmental charitable organisation established in 1989 by th¢ pcoplc of Tigray with the intention of taking an active role in all aspects of the region's developmental endeavours, basing ils headquarter in Mekelle, the regional capital of Tigray, North Ethiopia. Aims.. TDA-UK jointly with its members and 5UPPOrters has been actively engaged in assisting the develop- mcntal cfforts of thc pcople of 'l'igray. Thc aSSlatIon w&% ¢5tabli5hed in 1989 by Tigrayans living in the UK with the aim of contributin8 to the re¢onstruction ofthe Tigray region and rehabilitate its people who have bc¢n displaced because ol the Civil war. Some of the projects that TDA-UK has supported includ¢ thc construction of 505 schools and 124 clinic5, 165 water supply stru¢ture5. 35 vocational skills training centres. 79 credil unions. (rUsing on women) and granting scholarship to ov¢r 4000 brighi studenls. TDA-UK also collected and dispatched thousands of cssential book5, hundreds of hospital beds, various mcdical equipm¢nt and several ¢ompuiers and distributed to the pertinent schix)Is. insti- tutions and centres. Organisalion andsiruclure ofihe Associalion.. The Trustees have an overall responsibiliry for thc governance and management of the Association who undergo through the necessary induction & trainin& to ensure that they have adequate managerial skills to run the organisation cffectivcly. Beside this. the Trnstecs arc supportcd by w¢ll trained volunteers who work in rota system. TDA-UK has over 300 Tigrian subscriptions- paying & voting members who elect the trustee5 as well as some assoclates who friends of Tigrdy.
Tlgray Development Association In The Unfted Kingdom (TDA-UK) Siatement of Trwlees, Responsibilities Seven elected trustees of TDA-UK, of whom one ts a female, are responsible for the day-to4ay man- agement of the organisation including the Tnanagement of the charity's property (registered with the UK_Charity Commission). To in¢re&s¢ efficiency of the managemenL sU¢0MmIttee are set up that look after various sectors.. educational, health, membeTship mobilisation. consultations, organising evcnts. fundraising and collecting of essential & dispatchable goods for schi)ols and clinics in the Tigray Region of N. Ethiopia. Recruilment andAppoinlmen¢ ofihe Boardof Trustees TDA-UK'S trustees are elted in a democratic manner every three years and thereafter often enriching the manag¢m¢nt wilh skills & experien¢¢s garnered from various UK voluntary & governmental agen- ies. When a certain task or projects require a special expertise. the Trusiees tap to their pool of qualified professionals (within & outside the membership) who can readily avail their ¢on5ultation support. Truslee Induclion and Training Ongoing workshops are organised on a quarterly basis to update & build upon the managerial skills & policy knowledge aequired by prtvious trainin8 programmes. During such training programmes, th¢ Trustees can discuss how they had tackled some challenges. update themselves with latest government policies and ke notes ofnew managerial techniques ivays & means of responding to arising challenges and members. demands. Ri.$k Man ement The trustees arc responsible for assessing potential risks and taking the necessary measures to ensure that the organisation's activities will not be jeopardi5ed and hamkwed by any unforeseen hazard. To mitigalefinanclal Risky Trustces continu¢ to work hard to in¢r¢ase mernbcrship payments and donations, which currently a¢- count for a significant proportion of non-rental income for the Charity. Through extended oifice opening hoiirs, text and e-mail prompts and organising ¢vent4 membership pa)Thents are now on th¢ increase. During the p¢riod. trust¢¢s organis¢d meetings and cvents to raise emergency and relief fund5 to help victims of ongoing civil war in Tigrny region of Ethiopi& Strict guidelines are in place to ensure that all tsvstees Comply with financia] pro¢¢durcs in collecting rental income, commissioning repairs of the property. receivin8 membership fees and donations. The transfer or funds to Tigray Region (benefiting various centres e.g., Kalamino Iligh School) are done accordingly, following UK government policy & inlcrnational laivs. Th¢ guidelines also include inter- nal control mechanism and compliaNce to th¢ external audit standards & procedures of the18nd. PAge 3
Tlgray Development Association In The Unlted Kingdom trDA-UK) Achievements and Performanc¢ In line with th¢ three years, strategic Pla th¢ priorities for the fmancial year ending 30th of Sept¢mb¢r 2021 were: l. Continuing raising emergency and relief funds to help victims of ongoing civil war in Tigray region of Ethiopia. 2. Conlinuing refurbishing and assessing the SSIbIlity of developing the TDA House 50 that futur¢ rental income will be sustainable and mlmi5Cd. and 3. Recruiting more members and volunteers and executing other administrative tasks promptly. In th¢ first six months of the financial year. i.¢., October 2020 to March 2021. concerted effort was made to execute the objectives mentioned above. During this period. about £267,813 was raiscd for the emergency and relief to help victims ofongoing civil war in Tigray. The fundraising was made possible by the aclive participation of volunteers from London and outside of London, in the major cities such as Manchester. Birniingham and Bristle. This was achieved despite th¢ challenge5 of the lockdown during thi5 period. The fund raised was s¢nt to Tigrny in 11 via TDA North Ameriw a sister charity organisation re81S- tered in the United States. The team delegated to investigate the refurbishmentld¢v¢lopm¢nU of building continued its preliminary study and recommended that a structural engineer be employed to oss¢ss the condition of the stn]¢ture so to determine whether renovationld¢v¢lopment can bc carried out without Changing the structure. The ¢xpert asse5sm¢nt is yet to be conducted. Reserye Poliey The trustees hav¢ ¢slablished a policy whcreby the unrestricted funds held by the charity should not be mor¢ than th¢ amount Ihat would be enabling lo carry out 3 to 6 months, main tasks of the organisation. At this light, thc Trustees feel they would be able io continue the current level of reserve. without risking of a financial drop down. that would hamper or change the course of charity's main work. At pr¢s¢nt the unrestricted reserve, which amounts to £84,131. does not reach this target and the M&nagement Committe¢ is considering ways & means of raising the unrestricted funding to & reasonablc Icvcl. Plans for futu Stralegic Plan The trustees have developed three years operalional strategic plan and fundraising strategy, which will enable thc organisation to forcscc and, sustain thc services by securing funding from different sources charitable funders to carry on its charitable objects, to participat¢ in emergency and relieve activities to support the people of Tigrdy devastated by the ongoing Civil war and to support the reconstruction of schools as well as health facilities in Tigray. Aceounting Polici&q The accounting policies adopt¢d by the charity are detsiled under Note #IO of the financial statements. There have been no changes to the accounting policie5 nor to its auditing system during this period. Availability ofAssels lofulf obligalion The charity has adequate reserves to fulfil its charitable obligations and it is understood that the Trustee5 ensure that all fancial obligations are Tnet accordingly & 5UStainably. All our financial reports are prepared and Compiled as per the legal requirement applicable to the char- ities in England and Wales for each fmancial year, givlng truc and fair vicw of the organisation's finan- cial activities during the stipulated period. In thi5 ligbi TDA-UK Tn¢¢¢£ in preparing those financial statements. have taken the following measures. to=
Tlgray Development A550ciation In The United Ifingdom (TDA-UK) Select suitable accounting policies and then apply them consistently. Make judgements and estimates thal are reasonable and prudent transactions. Stste whether applicable accounting standards and statements of recommended prnctice have beeTt followed subject to any departures disclosed and ¢xplaiDed in the financial statements. and Prepare the financial statements on the going concern basis. as our charity is a vibrant & ong ing concern. Evidently. the Trustees are responsible for keeping financial records which disclos¢d with reasonable accuracy at any time the financial position of the charity and enable th¢m to ensure that ihc fInancial statements comply with the Charities Act 1993. They are also SponsIble for safeguarding the assets of the charity and hence for taking reasonable mwures for the prevention and dctcction of fraud and other Irregularities. Signe ora onb If of the Trustee5 Name and Position of Trustee.. Page 5
rTaY Development Association In The United Kingdom (TDA-UKI Ind¢p¢ndent ¢xaminers' report lo tbe Trustces of Tigray Development Aswciation In The United Kingdom (TDA-UK) for the year ended 30 September 2021 We report on the accounts of the Charity for the year ended 30 September 2021 which are set out on Re8pective responsibilities oltrustees and erniner The Charitys tNstees are reswnsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year (under section 43{2) of the Charities Act 1993 (th¢ 1993 Act) and that an independent examination is needed. It is our responsibility to= Examine th¢ a¢counts (under section 43{3Xa) of the 1993 Act). . to follow the procedure laid down in the General Directions given by th¢ Charity Commissioners (under section 43(7)(b) of the 1993 Act). and. to state whether particular matters have come to our attention. B15 ofindependeDt ex8mRner's report Our examination was ¢arricd out in accordance with th¢ General Dirwtions given by the Charity Commissioners. An examination includes a review of the accounting rKords kept by the charity and a comparison of ihc accounts presented with those records. It also includes consideraiion of any unusual items or disclosures in the accounts. ond the seeking of explanations from you as IteeS concerning any such matters. The Procedures undertaken do not provid¢ all the ¢vidence that would be required in an audit and, Consequently we do not express an audil opinion on the view 8iven by th¢ accounts. Independent examiners, statement In Gonnection with our examination, no matter has come to our ancntion which gives us reasonable ¢ause to believe that, in any material respecL the requir¢ments: (a) to keep accounting records in a¢¢ordan¢¢ with s41 of the E993 Aet. and b) to prepare accounts which accord with the aunting records and to comply with the accounting requirements of the 1993 Act. have not been mel E WILLIAMS & C'O CIIARTERED CERTIFIED AccouNfAiYf6 120 Strea¢ham Hill L•ndoll SW2 4RP
rEgray Development Association In The Untted fingdom (TDAK1 STATEMENT OF FINANCIALAcfiviTIES for ihe year ended 30th September 2021 Unrestricled Restricted Total Funds fund8 Funds 2021 No¢es 2020 Incoming Resources Membership fe¢s Other r¢c¢ipts Donation Fundraising a¢tiviti¢s/grants Bank tnterest receiver¢funded Ren¢al income Total Incoming Resources £9.557 £0 £4,531 £0 £1 £0 £0 £2.332 £0 £267,814 £0 £72 105 51 £9.557 £2.332 £4,531 £267,814 £1 £72.105 £356 40 £2,976 £6255 £0 £74,260 £0 £81,367 £164 858 Resources Expended Chariiable costs Fundraising & publicity Governan¢e Other resources expended Total R¢soTreS expended £2.203 £0 £837 £0 £20,772 £0 £286,180 £755 £307 707 £22,975 £0 £287,017 £755 £310 747 £10,982 £0 £102,639 £770 91 Net Movement in Funds £11.049 £34.544 £45.593 £50.467 Transfer between Funds Fund Balan¢¢s brought forward Adjustments made during the period Fund Balances carried fonvard £0 £0 £73,323 £1,771.442 -£242 £0 £1,844,765 £1,786.651 £84 130 £1798.581 £1882,711 £1837 118 All the charity's activities are continuing. Th¢ ¢harily had no recognized gains or loss other than the net incoming resources for the year The movement in res¢rYes 15 shown above. The notes on pages 10 to 13 form part of these fllwicial statements. Poge 7
Ttgray Development Association In The United fingdom (TDA-UK) BALANCE SHEET 2021 2020 As at 30th September 2021 Not¢5 Tangible fixed Assets £1,728.540 £1728 585 Current Assets Debtors Cash at hand and in bank Previous y¢ar adjustment £4,565 £168,861 £0 £173.426 £15210 £126434 -£9,805 £131.839 Creditors: amounts falling due within one year Previous year adjustment Net ¢urr¢nl 4$$etslliabilities Total Asstl$ less Current Liabilities £19255 £25,464 -£2.158 £154 171 £1.882.711 £108 533 £1,837.118 Net Assets £1882.711 £1837 118 A¢cumulated Funds Account Unrestri¢ted fund brought forwaTd Surplusl(Deficit) of fund Previous year adjusthi¢nt to $utpIus £73.081 £64,692 -£242 £84.130 £73,081 Restricted Fund brought forward Surplus/(Deficii) of fi]nd Previous y¢ar adjustment 10 Surplus £1.764.037 £1,729,606 83 £1798 581 £1882711 £1764037 £1,837,118 We approve these Financial Statements and confian that we hav.e made available all relevant records and infomiation for their preparation. Signed on behalf of the Tn1¢5 on..... 7...9..1.01120 2 Signed...... Trustee Tnthe Name. J..Q0..Y.....1. Ew Page 8
Tigray Development Association In The United Kingdom ITDA-UK) NOTES TO THE FINANCLIL STATEMENTS FOR THE PERIOD ENDED 30- SEPTEMBER 2021 Ac¢ountlDg Policie5 a) The financial Maiements have been prepared in accordance WTth applithle Accounting Standardg and rollow th¢ re¢ornrnendaiions in The Staiements of Recommended Practice-Accounting tMdR¢porting by Choriiies. Basis of prepgr#tion ofaceouDts The fanCial Statements have been prepared on historical cost convention and include th¢ results of the charity's opeTation5 which are descTibed in the TTr Report ond all of which Ar¢ ¢ontinuing. In¢omin% Resourrts b) Voluntary income is received by way of donations and 8ifb and 1$ Includ in full in the statement of financial activities when received (if any). bi) Contribution from members as subscriptiOD is recognised as inwme when received. ¢) Donations in kind are valued and included in income lo the exknt that it represents 8oods or services which would othenvise be purchas¢d (if any). d) Grdnts are recognised in fijll in the Sthtement of Finan¢ial A¢iivilies in the year in which they are received. or receivable, whi¢hever is earlier. e) Rental income is recognised as income in the perÉod in which it is receivable. Restricted funds ar¢ lo b¢ us¢d for $p¢¢ifi¢d purposes as laid down by the donor, and as laid down by the ISte¢s. Expendinwe which me¢ts the8¢ lteria is ideDtified to the fid. g) Unrestricted fi¢nds are donations and other income received or 8en¢rated for the charitable purposes. Expendlturc h) Governance costs of the clwity relai¢ to the adminTstration Costs of nmning the charity such as the eosts of meetings, audit and statutory compliance. They also include costs incurred in the g¢n¢ral administration of the charity and whi¢h w)not b¢ directly attrtbll io th'e provision of the Seryices of the organisation. Depreciation is provided on all tangible fjxed assets eXpt th¢ fr¢ehold IlIdIng, at a rnte calculated io writ¢ of th¢ cost of rAth as¢ ovw its ¢xpwt¢d life. as follow5: Fixtures and Fittings 25V• on writwi down value OtTi¢e Equipment 25•/0 on written down value
rigray Development Association In The United Kingdom (TDA-UK) NOTES TO THE FINANCIAL STATEhlEIYTS for the period ended 30 September 2021 2. Resources expended UDr¢strictfd Funds Restrietsd To(212O21 Tot212020 Funds Funds Funds Charitable Adivities by Fund Type Wages including Employe¢s NIC iiates. Insurance and Cleaning Lighi, Heal and Water Managemeni & Administration R¢pair5 and Maintenance Other Office Expenses £0 £5,642 £1,380 £0 £13.750 £0 £20 772 £0 £5.642 £1,380 £1,105 £13,750 £0 £3,232 £3.934 £0 £350 £0 £0 £1,105 £0 £2,203 £10982 3. Governance Unrestricled FndS R¢strle¢ed Totsl 2021 Total 2020 Funds Funds Funds Management and Administration Overseas donation-Accident victim relief Contribution io school oveT5eas Other professional f¢¢s A¢¢ountan¢y fees Undcrprovision of Accountancy last year Bank ¢har8¢S £0 £0 £285.000 £0 £1.152 £0 £28 £286.180 £0 £0 £285,000 £0 £1,152 £0 £863 £287017 0.00 0.00 101.000.00 0.00 1.152.00 0.00 £487 £102 639 £0 £0 £0 £837 £837 4. Other Expen$es UDrestrl¢ted Funds Restritted Totsl 2021 Totsl 2020 Ftynds FuDd$ FuDds Depreciation £755 £755 £770 £0 £755 £755 £770
Tigray Development Association In The United Klngdom ITDA-UK) NOTES TO THE FINANCIAL STATEMENTS (contillued) for (he p¥riud ended 30 September 2021 2020 4a. Net Income Rtsoure&lDeficit) 45 593.(N) 50 467. 1])is is swed after Charging: Audit fecs Depreciation charges 1.152.1)0 755.) 1.152.00 770.00 4b. Donatlons In Kfind There w¢r¢ no donations in kind during the period 0.00 5. Employees The average number of people employed during this year was 6. Debtors 2021 2020 Other debtors-utility bill Rent owing 7,095 7. Tangible Fixed Assets Land Fixtures Flttings Buildings Freehold Total Cost at 1st Octob¢r 2020 1,726275 25.01.1 1.751286 Addition during the year Cost at 30th Scpletnber 2021 720 720 25 731 1752006 75 Depreciation at 151 October 2020 Charge for the year Depreciation carried forward 23,421 755 23,421 755 Net Book Value at 30 September 21Y21 Net Book Value at 30 September 2(r20 1726275 75 2 265 1.728 540 2 3 10 1.728 585
Tizray Development Association In The United Kingdom ITDA-UK) NOTES TO THE FtNANCIAL STATEMENTS (continued) for the period ended 31)th Sepiemb¢r 2021 8. Creditors: amounts falling due witbin one year: 2021 2020 Tenants, Deposits Reni received in advance Other accruals A¢¢ounVAudit fees this year 8,400 7,167 232 11,088 8,300 3,772 9. Analysls ofNet Assets 2021 2020 Tangible fLxed assets CUJTent assets Current liabilities .728,540 1.728,585 173,426 131.839 -19,255 -23.306 Totsl Net Assets 1882.711 1837 118 10. Related Party Transactions There were no transactions Wlth the tru tees during the accouniing perifyj