2023-09-30-accounts - Tigray Development Association In The United Kingdom

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Tigray Development Association In The United Kingdom (TDA-UK)

Trustees’ Report and Financial Statements for the year ended 30 September 2023

Charity Registration No. 1018315

Tigray Development Association In The United Kingdom (TDA-UK)

	Contents
		Page
General Information		3
Trustees Report		4-7
Independent Examiner Report		8
Statement of Financial Activities		9
Balance Sheet		10
Notes to the accounts		11-13

Tigray Development Association In The United Kingdom (TDA-UK)

Information
Trustees	Ms Tiegisty Mengesteab Equbaezgi
	Ms Saba Mamo
	Mr Teklay Desta kassa
	Mr Amanuel Berhe Araya
	Mr Alemu Abreha Abay
	Mr Hailekiros Gebrekidan Abebe
	Mr Alema Gidey Kahsay
	Ms Shewit Abay Hzkias
	Ms Selamawit Gidey
	Mr Teclay Teweldeberhan
Address	TDA House
	211 Clapham Road, Stockwell
	London, SW9 0QH
Banker	Lloyds TSB
	Sedgemoor House, Dean Gate Avenue
	Black Brook Business Park, TA1 2Ug
Independent Examiner:	Solomon Tarekegn
	Association Chartered Certified Accountant
	7 Serenity Apartment, 11 Monarch Square, SW11 1AL
Charity Registration No.	1018315

REPORT OF THE TRUSTEES of TDA-UK

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Trustees present their report together with the audited financial statements of the charity for the year ended 30th of September 2023.

The Trustees

MsTiegisty Mengesteab Equbaezgi Ms Saba Mamo Mr Teklay Desta kassa Mr Amanuel Berhe Araya Mr Alemu Abreha Abay Mr Hailekiros Gebrekidan Abebe Mr Alema Gidey Kahsay Ms Shewit Abay Hzkias Ms Selamawit Gidey Mr Teclay Teweldeberhan

Governing Document

Tigray Development Association in the United Kingdom (TDA-UK) is constituted under a new trust deed dated 5 March 1993 as amended on 16 February 2014. Its Registered Charity number is 1018315.

Objects, Mission Statement, Aims and Activities

Mission Statement:

The TDA-UK is a partner of Tigray Development Association International (TDA Int.) an indigenous nongovernmental charitable organisation established in 1989 by the people of Tigray with the intention of taking an active role in all aspects of the region’s developmental endeavours, basing its’ headquarter in Mekelle, the regional capital of Tigray, Northern Ethiopia.

Aims:

TDA-UK jointly with its members and supporters has been actively engaged in assisting the developmental efforts of the people of Tigray. The association was established in 1989 by Tigrayans living in the UK with the aim of contributing to the reconstruction of the Tigray region and rehabilitate its people who have been displaced because of the civil war. Some of the projects that TDA-UK has supported include the construction of 505 schools and 124 clinics, 165 water supply structures, 35 vocational skills training centres,79 credit unions, (focusing on women) and granting scholarship to over 4000 bright students. TDA-UK also collected and dispatched thousands of essential books, hundreds of hospital beds, various medical equipment and several computers and distributed to the pertinent schools, institutions and centres.

Organisation and Structure of the Association :

The Trustees have an overall responsibility for the governance and management of the Association who undergo through the necessary induction & training, to ensure that they have adequate managerial skills to run the organisation effectively. Beside this, the Trustees are supported by well trained volunteers who work in rota system. TDA-UK has over 250 Tigrayan subscriptions- paying & voting members who elect the trustees as well as some associates who are friends of Tigray.

Statement of Trustees’ Responsibilities

Ten elected trustees of TDA-UK, of whom four are female, are responsible for the day-to-day management of the organisation including the management of the charity’s property (registered with the UK-Charity Commission). To increase efficiency of the management, sub-committee are set up that look after various sectors: educational, health, membership mobilisation, consultations, organising events, fundraising and collecting of essential & dispatchable goods for schools and clinics in the Tigray Region of N. Ethiopia.

Recruitment and Appointment of the Board of Trustees

TDA-UK’s trustees are elected in a democratic manner every three years and thereafter often enriching the management with skills and experiences garnered from various UK voluntary & governmental agencies. When a certain task or projects require a special expertise, the Trustees tap to their pool of qualified professionals (within & outside the membership) who can readily avail their consultation support.

Trustee Induction and Training

Ongoing workshops are organised on a quarterly basis to update & build upon the managerial skills & policy knowledge acquired by previous training programmes. During such training programmes, the Trustees can discuss how they had tackled some challenges, update themselves with latest government policies and take notes of new managerial techniques ways & means of responding to arising challenges and members’ demands.

Risk Management

The trustees are responsible for assessing potential risks and taking the necessary measures to ensure that the organisation’s activities will not be jeopardised and hampered by any unforeseen hazard.

To mitigate financial Risks

Trustees continue to work hard to increase membership payments and donations, which currently account for a significant proportion of non-rental income for the charity. Through extended office opening hours, text and e-mail prompts and organising events, membership payments are now on the increase. During the period, trustees organised meetings and events to raise emergency and relief funds to help victims of civil war in Tigray region of Ethiopia .

Strict guidelines are in place to ensure that all trustees comply with financial procedures in collecting rental income, commissioning repairs of the property, receiving membership fees and donations. The transfer of funds to Tigray Region (benefiting various centres e.g., Kalamino High School) are done accordingly, following UK government policy & international laws. The guidelines also include internal control mechanism and compliance to the external audit standards & procedures of the land.

Achievements and Performance

In line with the three years' strategic plan and the current crisis in Tigray, the priorities for the financial year ending 30th of September 2023 were:

Continuing raising emergency and relief funds to help victims of the civil war in Tigray region of Ethiopia
a. Organise a fundraising event on Adwa Victory Day- to support victims of the Tigray war who are living in a desperate situation.
b. Support Kalamino Special High School (KSHS), which is devastated by the war;
c. Help with raising funds for the victims of war in the town of Adi-Daero;

d. Provide facilities to other community organizations and associations towards their fundraising activities to support the people in Tigray, particularly children.
Continuing refurbishing and assessing the possibility of developing the TDA House so that future rental income will be sustainable and maximised;
Recruiting more members and volunteers and executing other administrative tasks promptly; and
Explore ideas how we can maximise our income and continue to gather information of bank accounts who offer best interest rates.

In the financial year, i.e., October 2022 to September 2023, concerted effort was made to execute the objectives mentioned above. During this period, a total amount of £66,590 was raised for the emergency and relief to help victims of the civil war in Tigray. The fundraising was made possible by the active participation of volunteers from London and outside of London.

The funds raised through organised events, in collaboration with our community partners, was sent via charity organizations in Tigray, such as Freminatos, to support war victim elders, children and women.

We also sent £100,000, in two phases, to Kalamino Special High School (KSHS) in Mekele, Tigray, from the rent collected.

The team delegated to investigate the refurbishment/development/ of building proposed a preliminary floor plan of the building to members and will continue exploring alternative ideas how to fund the project.

Reserve Policy

The trustees have established a policy whereby the unrestricted funds held by the charity should not be more than the amount that would be enabling to carry out 3 to 6 months’ main tasks of the organisation. At this light, the Trustees feel they would be able to 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 present the unrestricted reserve is £112,078.

Plans for future periods

Strategic Plan

The trustees have developed three years operational strategic plan and fundraising strategy, which will enable the organisation to foresee and, sustain the services by securing funding from different sources charitable funders to carry on its charitable objects, to participate in emergency & relieve activities to support the victims of the devastating civil war in Tigray, and to support the reconstruction of schools as well as health facilities that are damaged and destroyed by the war;
Plan co-ordination of working together with sister organisations and set up a dedicated team in areas of common projects and the provision of emergency & relieve services to support the people of Tigray as well as focus on sustainable developmental projects; and
To carry out complete research of studying and expert assessment, if the re-development of the building is viable, on when and how to secure fund.

Accounting Policies

The accounting policies adopted by the charity are detailed under Note 10 of the financial statements and our audit work include reviewing the statements to ensure that they properly reflect the underlying financial record of the charity. Hence, there have been no changes to the accounting policies nor to its auditing system during this period.

Availabllity of Assets to fvlfll obligation The charity ha5 adequate reseryes 10 fulfil its charitable obligations and it is understood that the Trustees ensure that all financial obligations are met accordlngly & sustainably. All our financial reports are prepared and compiled as per the legal requirement applicable to the charities in England and Wales for each financial year. giving true and fair view of the organisation's financial activioes during the stipulated period. In this ligh4 TDA-UK Trusrees, In preparing those financi ststements. have taken the following measure5, to.. Selett sultable a¢countlng poli¢le5 and rhen apply them consistenrly. Make judgements and estima*s that are reasonable and prudent transactions", Stste whether applicable accounting standard5 and statements of recommended practice have been followed subjett to any departures disclosed and explained in the financial 5tatements.' and Prepare the financial statements on the going concern basis. as our charlw is a vibrant & ot)going concern. Evidently. the Trustees are responsible for keeping financial records which di5clo$ed with reasonable accuracy at any time the finantial position of the Chariry and enable them to ensure that the financial statements comply with the Charities Att 1993. They are also responsible for safeguarding the assets of the charity and hence for cakin8 reasonable measure5 for the prevention and detectlon of fraud and other irregu12fities. Signed for and on behalf of the Trustee5 Dat& . Name and Position of Trustee: Tiegisty Mengesteab Equbaezgi Chairperson

Independent Examiner’s Report to the Trust of Tigray Development Association In The United Kingdom (TDA-UK) for the year ended 30[th] September 2023. Charity number is 1018315

I report on the accounts of the charity for the year ended 30/09/2023, which are set out on pages 8 to 14.

Responsibilities and basis of report

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carry out of my examination, I have followed all the applicable Direction given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountant.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

-----------------------------------------------Date:

Solomon Tarekegn

Association of Chartered Certified Accountant

7 Serneity Apartmentt, 11 Monarch Square,

London, SW11 1AL

TIGRAY DEVELOPMENT ASSOCIATION IN THE UNITED KINGDOM (TDA-UK) Statement of Financial Activities for the Year Ended 30th September 2023

Incoming Resources

Notes Membership Other Receipts Donation Fund Raising Activities Bank Interest Rental Income Total Incoming Resources Resources Expended Charitable Costs 2 Governance 3 Other resources 4 Total Resources Expended Net Movement in Funds Transfer between Funds Fund Balance Brought Forward Adjustment made during the priod Fund Balances Carried Forward	Unrestricted Restricted Total Total Fund Fund 2023 2022 £ £ £ £ 8,504 - 8,504 8,427 1,210 - 1,210 402 2,777 45 2,822 8,978 - 66,590 66,590 165,131 891 - 891 2 - 96,800 96,800 98,738
	13,381 163,435 176,817 281,677
	£ £ £ £ 1,064 31,670 32,733 15,882 391 175,775 176,166 156,603 - 496 496 620
	1,454 207,940 209,395 173,105
	£ £ £ 11,927 (44,505) (32,578) 108,572 - - - - 100,151 1,891,113 1,991,264 1,882,711 - - 20
	112,078 1,846,608 1,958,686 1,991,264

All the Charity's activities are continuing.

The charity has no recognised gains or loss other than the net incoming resiurces for the year.

The movement in reserves is shown above.

The notes on page 11 to 13 form part of these financial statements

TIGRAY DEVELoPmV ASSOCIATION IN THE UIIITED KINGDOM (TDUK) BAlAP1 SHEEfI5ATSEPTEMIER2023 L72&U>75 7.IDJ14 yJ92Ai 249J4920 Iv.&ll LX IL927 7.51 25106120£

Tigray Development Association In The United Kingdom (TDA-UK)

Notes to the Financial Statements for the period ended 30th September 2023

1 Accounting Policies

a) The financial statements have been prepared in accordance with applicable Accounting Standard and follow the recommendations in The Statement of Recommended Practice - Accounting and Reporting by Charities.

Basic preparation of accounts

The financial statements have been prepared on historical cost convention and include the results of the charity's operations which are described in the Trustees Report and all of which are continuing.

Incoming Resources

b) Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received (if any).
b1) Contribution from members as subscription is recognized as income when received.
C) Donations in kind are valued and included in income to the extent that it represents goods or services which would otherwise be purchased (if any).
d) Grants are recognised in full in the Statements of Financial Activities in the year in which they are received, or receivable, whichever is earlier.
e) Rental income is recognised as income in the period in which it is receivable.

Restricted funds are to be used for specified purposes as laid down by the donor, and as laid down by the trustees.

Unrestricted funds are donations and other income received or generated for the charitable purposes.

Expenditure

h) Governance cost of the charity related administration costs of running the charity such as the cost of meetings, audit and statutory compliance. They also include cost incurred in the general administration of the charity and which can not be directly attributed to the provision of the services of the organisation.
i) Depreciation is provided on all tangible fixed assets except the freehold building, at a rate calculated to write of the cost of each asset over its expected useful life, as follows:
Fixtures and Fittings 25% on written down value Office Equipment 25% on written down value

TIGRAY DEVELOPMENT ASSOCIATION IN THE UNITED KINGDOM (TDA-UK) NOTES TO THE FINANCIAL STATEMENTS

For the period ended 30 September 2023

2. Charitable Costs Wages including Employer's NIC Rates, Insurance & cleaning Light, Heat & Water Management and Admin Consaltancy Fees Repairs & Maintenance Other office Expenses 3. Governance Management and Adminstration Overseas Donation-Accident Victim Relief Contribution to school overseas Fund Raising events' expenses Accountancy Fees Bank Charges 4. Other Expenses Depreciation	Unrestricted Restricted Total Funds Total Funds Fund Fund 2023 2022 - - - - - 7,474 7,474 5,835 - 5,674 5,674 2,253 - - - - - 3,825 3,825 4,872 - 14,697 14,697 1,975 1,064 - 1,064 947
	1,064 31,670 32,733 15,882
	Unrestricted Restricted Total Funds Total Funds Fund Fund 2,023 2,022 - - - - - 61,640 61,640 155,962 - 100,000 100,000 100,000 - 13,725 13,725 - - - 391 410 801 640
	391 175,775 176,166 256,603
	Unrestricted Restricted Total Funds Total Funds Fund Fund 2023 2022 - 496.13 496.13 620.25
	- 496.13 496.13 620.25
	£ £ (29,028.27) 108,572.13

4b. Donations in kind

- There were no donations in kind during the period

5. Employees

The average number of people employed during th

6. Debtors Other Debtors-Utility Bill Rent Owing 6a. Prepayment Insurance Prepayment Business Rate 7.Tangible Fixed Assets Cost at 1st October 2022 Addition Depreciation at 1st October 2022 Charge for the year Depreciation carried Forward Net Book Value at 30 September 2023 net Book Value at 30 September 2022 8. Creditors falling due within one year Tenants Deposits Rent Received in Advance Other Accruals Accruals Audit Fees 9 Analysis of Net Assets Tangible Fixed Assetss Current Assets Current Liabilities	2023 £ 3,878.69 - 3,878.69 2,182 1,225 3,407 Land and Buildings Free hold £ 1,726,275 - 1,726,275 - - - 1,726,275 1,726,275 2023 £ 9,200 9,227 - - - 18,427 2023 £ 1,727,763 249,349 (18,427) 1,958,686	2022 £ 5,700.68 1,399.56
		7,100.24
		1,896 1,696
		3,592
		Fixtures Fittings and Equipment £ 26,657 124
		26,781
		24,796 496
		25,292
		1,488
		1,861
		2022 £ 8,400 11,844 2,400 232 1,152
		24,028
		2022 £ 1,728,136 287,156 (24,028)
		1,991,264