Tigray Development Association In The United Kingdom (TDA-UK) Trustees, Report and Financial Statements for the year ended 30 September 2024 Charity Registration No. l 018315 Solomon Tarekegn Independent Examiner Chartered Certified A¢counf4nt
Tigray Development Association In The United Kingdom (TDA-UK) Contents Page General Information Trusiees Report Independent Examiner Reporc Statement of Financial Activities Balance Sheet 10 Noies to the accounts
Tigray Development Association In The United Kingdom (TDA-UK) Trustees M5 Tiegisty Mengesteab Equbaezgi Mr Teklay De5ta kassa Mr Amanuel Berhe Arard Mr Alemu Abreha Abay Mr Hailekiros Gebrekidan Abebe Mr Alema Gidey Kahsay Ms Shewit Abay Hzkias Ms Selamawit Gidey Mr Teclay Teweldeberh2n Mrs Eden As5ef2 Mamo Appointed 2410212024 Address TDA House 211 Clapham Road, Siockwell London, SW9 OQH Banker Lloyds TSB Sedgemoor House, Dean Gate Avenue Black Brook Business Park TA12Ug Independent Examiner: Solomon Tarekegn Associaiion Chartered Certified Accountant 7 Serenity ApartmenL I l Monarch Square, SW I I IAL Chariry Registracion No. 1018315
Tigray Development Association In The United Kingdom (fDA-UK) REPORT OF THE TRUSTEES of TDA-UK FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their report together with the audited financial statements of the charity for the year ended 30th of September 2024. The Trustees Ms Tiegisty Mengesteab Equbaezgi 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 Mrs Eden Assefa Mamo Governlng Document Tigray Development Association in the United Kingdom (fDA-UK) is constituted under a new trust deed dated 5 March 1993 as amended on 16 February 2014.lts Registered Charity number is l 018315. Objects, Misslon Statement, Alms and Actlvltles Mlsslon Statement: The TDA-U K is a parcner of Tigrdy Development Association International (fDA InL) an indigenous non- governmental charitable organisation established in 1989 by the people of Tigray wilh Ihe intention of taking an active role in all aspects of the region's developmenral endeavours, basing its, headquarter in Mekelle, the regional capital of Tigray, Northern Ethiopi& Alms: TDA-UK joinily with its members and supporters has been actively engaged in assisting the developmenEal effort5 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 rehabilitating its people who have been displaced because of Ihe civil war. Some of the projects that TDA-UK has supported include the construciion of 505 schools and 124 clinics, 165 water Supply srructures, 35 vocaiional skills Irainlng centr¢5J 79 credic unions, (focusing on women) and gran£ing scholarships to over 4000 brighc students. TDA-UK also collected and dispatched thousands of essential books, hundreds of hospital beds, various medical equipment and several computers and distributed them to the pertinenc schools. institutions and centres. Organisation and Structure of the Association." The Trustees have an overall responsibiliry for the governance and management of the A550ciation who undergo the necessary inducuon & trnining. to ensure that they have adequaie managerial skills to run the organisation effectively. Beside this, the Trustees are supporced by well trained volunteers who work in the
Tigray Development Association In The United Kingdom (TDA-UK) rot2 System. TDA-UK has over 250 TJgr2yan subscriptions- paying & voting members who elect the trustees as well as some associaies who are friends of Tigray. Statement of Trusteerf Responsibilities Twelve elecced trustees ofTDA-UK, of whom six are female, are responsible for the day-to-day management of the organisation including rhe managemenr of the charity's properry (registered with rhe UK-Charity Commission). To increase efficiency of the managemenL sub-commirree are set up that look after various sectors: educational, health. property. membership mobilisation, consultations. organising events, fundraising and collecting of esseniial & disparchable goods for schools and clinics in the Tigray Region of N. Ethiopia. Recrultment and Appolntment of the Board of Trustees TDA-UK'S trusiees are elected in a democratic manner every three years and thereafter often enrich the management with skills & experiences garnered from various UK voluntary & governmental agencies. When a cercain task or projects require a special expertise, the Trustees tap into their pool of qualified professionals (within & outside the membership) who can readily avail their consultaiion supporL Trustee Inductlon and Tralning Ongoing workshop5 are organised on a quarterty 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 have tackled some challenges, updace themselves with lacest government policles and take notes of new managerial techniques, ways & means of responding to arising challenges and members, demands. Rlsk Management The trustees are responsible for assessing potential risks and raking the necessary measures to ensure that the organisation's activities will nol be jeopardised and hampered by any unforeseen hazard. To mltlgate flnanclal Rfjsks Trustees concinue to work hard to increase membership payments and donations, whlch currently account for a significant proportion of non-rental income for the charity. Through excended office opening hours, text and email 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 ViCEims of the civil war in Tigray region of Ethiopia. Strict guidelines are in place to ensure that all trustees compty with financial procedures in collecting rental income. commissioning repairs of the property. receiving membership fees and donations. The trnnsfer of funds to Tigray Region (benefiting various centres e.g., Kalamino High School) are done accordingly, following UK government policy & iniernational laws. The guidelines also include internal control mechanisms and compliance to the external audit standards & procedures of the land. Achlevements and Performance In line with the three years, strategic plan and the current crisis in Tigrdy, the priorities for the financial year ending 30th of September 2024 were: l. Continuing raising emergency and relief funds to help victims of the civil war in Tigray region of Ethiopia Support Ka12mino Speci21 High School (KSHS), which has been devastaied by the war. b. Provide facilities to other community organizaiions and associations towards their fundraising activitie5 to SUPPOrt the people in Tigray. particularly children and women who are directly
Tigray Development Association In The United Kingdom (TDA-UK) affected by the war and facilitate the sending of donared health equipmenr that have been collected from donors by sister communiry groups. Register to HMRC and claim gift aid of £1 5.958 for the year 2020 to 2022. 2. Continuing refurbishing and assessing the possibiliry of developing the TDA House as well as reviewing the lease contract that is going to expire in December 2024 $0 that future rental income will be sustainable and maximised. 3. Planned to take the front property out for tendering and organise a small team to execute the task. 4. Recruiung more members and volunteers and execuung other adminiscrative tasks prompcly; and 5. Explore ideas how we can maximise our income and continue to gather information on bank accounts who offer best interest rates. In the financial year, i.e., October 2023 co September 2024, concerted effort was made to execute the objectives mentioned above. Durlng this period, about £4.989 was rdised for the emergency and relief 10 help victims of the civil ¥Yar in Tigray. The fundraisin8 was made possible by the acrive participation of volunteers from London and outside of London. A properry sub-team vrns delegated to produce the cendering document co put out the fronc rented property on a market and set up criteria to screen out bidders as well as Investigate the refurbishmentldevelopmentl of the building 2nd proposed a prelimlnary floor plan of rhe building to members and will continue exploring alternative ideas how to fund the projecL Reserve Pollcy The Irustee5 have established a policy whereby the unrestricted funds held by the chariry should not be more than the amount that would be enabling it to carry out 3 10 6 months, main Sk5 of the organisation. At this light, the Trustees feel they would be able to coniinue the current level of reserve, withouc risking a financial drop down, that would hamper or change the course of charity's main work. At present Ehe unrestricted reserve is £138,165. Plans for future perlods Strateglc Plan The trustees have developed three years operational straiegic plan and fundrdising strate, which will enable the organisation to foresee and, sustain the services by securing funding from differenr 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 co supporr the reconsiruction of schools as well as health facilities that are damaged and destroyed by the war. Plan collaborative working with sister organisations and set up a dedicated team in areas of common projects and the provision of emergency & relief services to support the people of Tigray as well as focus on sustainable development projects. To carry oijt. complete research of studying and expert assessmenL if the re-development of the bui5ding is Yiable. on when and how to secure funds. Approach projett proposal to reconstrutt or rebuild schools better by adding technological, environmental and sustainability components thac have been destroyed due to the vrdr.
Tigray Development Association In The United Kingdom (TDA-UK) Accounting Pollcles The accounting policies adopted by the charity are detailed under Note #l O of the financial statements and our audit work include reviewing the statemenu £0 ensure Ihac they properly reflect the underlying financial record of che charity. Hence, there have been no changes 10 the accounung policies nor co its audiiing system during this period. Avallablllty of Assets to fulfll obllgatlon The charity ha5 adequate reserve5 to fulfil its charirable obligations, and it is understood thac rhe Trustees ensure chat all financial obligarions are met accordingly & sustainably. All our financial reporrs are prepared and compiled as per the legal requirement applicable co the charities in England and Wales for each financial year, giving a true and fair view of the organisation's financial activities during the scipulaced period. In Ihis lighL TDA-UK Truscees, in preparlng those financlal statements. have taken Ihe following measures. to: Select suitable accountlng policies and then apply them conslsrently. Make ludgements and esilmates thar are reasonable and prudenc trnnsactions. State whether applicable accounting standards and Statements of recoTnmended practice have been followed subject to any departures disclosed and explained in the financial statements; and Prepare the financlal statements on the going concern basls. as our charity is a vibrant & ongolng concern. Evldently, the Trustees are responsible for keeping flnanclal records which dlsclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure thac the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding rhe assets of the chariry and hence for taking reasonable measures for the prevention and derection of fraud and other irregularities. Signed for and on behalf of the Trustees Date." ,... Name and Position of Trustee: Tiegisty Mengesieab Equbaezgi Chairperson
Tigray Development Association In The United Kingdom (fDA-UK) Independent Examiner's Report to the Trust of Tigray Development Assoclatlon In The United Kingdom (TDA-UK) for the year ended 30th September 2024. Charity numberis 1018315 I report on the accounts of the charity for the year ended 3010912024, which are sei OUE on pages 9 to 14. Responsibilities and basls of report The chariry's crusrees are responsible for the preparation of the accounts in accordance with the requirements of the Chariues Act 2011. I report in respect of my examination of the Trustee's accounts carried ouc under section 145 of the 2011 Aci and in carry out of my examination, I have followed all the applic2ble Direcrion given by the Chariry Commission under section 145(5){b) of the ACL Independent examlner's statement The Trustees have decided to have an independent examinauon carried out and l am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountant. I have compleced my examination. I confirm thar no material matcers have come to my attenEion in connection with the examination which gives me cause to believe rhac in. any material respecL' the accounung records were not kept in accordance with settion 130 of the Chariues 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 contenc of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenr that the accounts give a 'irue and fair, view which is not a matEer considered as part of an independeni 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: 14IFlgo2r Solomon Tarekegn Association of Chartered Certified Accountant 7 Sereniry ApartmenE I l Monarch Square, London, SWI I IAL
ra Develo ment Association In The Kin dom Statement of Financial Activities forthe Year Ended 30th September 2024 TDA-UK Incoming Resources Unrestricted Restricted Total Total Notes Fund Fund 2024 2023 Membership Other Receipts Donation 7,201 15,958 2.492 7,201 16,644 3,148 3.273 436 8,504 1.210 2.822 66.590 891 96,800 176,817 686 656 Fund Raising Accivities Bank Interest 3.273 436 Rental Income 93.900 98,515 93,900 124,601 Total Incoming Resources 26,087 Re50urce5 Expended Charitable Coscs 12,546 12,035 12,546 12,035 32,733 176,166 496 Governance Other resources Total Resources Expended 24,581 24,581 209,395 Net Movement in Funds 26.087 73,933 100,020 (32,578) Transfer between Funds Fund Balance Brought Forward Adjustment made during the priod Fund Balances Carried Forward 112,078 1,846,608 1,958,686 1,991,264 138 165 920541 2 058 706 1958 686 All the Charitls octlMti•s ar• continuing. The chariry has no recognised gains or loss other than the net incoming resiurces for the year. The movemenr in reserves is shown above. The notes on page I I to 13 form part of these financial ststements
Develo ment Association In The United Kin BALANCE SHEET ASAT SEPTEMBER2024 dom DA-UK Note5 2024 2023 Tangible Fixed Assets i.n7.391 i.n7.763 Current Assets Debtors 11.220 3.879 Prepayments Cash at hand and in Bank 3.405 3,407 371.224 242.063 385.848 249,349 Creditors: Amounts falling due with in one year Net Current AssetslLiabilities 54,534 18.427 331.315 230.923 Net Assets 2,058,706 1,958,686 Accumulated Funds Account Unresrrltted Fund Brought Forward Surplus (Defiut) Of Unre5tric¢ed Fund Previous Year Adjuscmenc to &Jrplus (Deficir) Lh)restr 112.078 IIXl.151 26,087 11.927 138,165 112,078 Restricted Fund Brought Forward Surplus (Deficic) of Restricced Fund 1.846.608 73.933 1,891,113 1,920.541 2,058.706 1,846.608 1.958.686 We approved the Financial StaTrment and confirm thatwe hav made alIable all releventt records and information for their preparnrion. 11 lorlao &gThed on behalfof the Trrusrees 01............... Igned Trnsree Name io
Devel ment Association In The United Kin dom DA-UK Tigray Development Association In The United Kingdom (TDA-UK) Notes to the Financial Statements for the period ended 30th September 2024 l Accounting Policies a) The financial statements have been prepared in accordance with applicable Accounting Standard and follow the recommendations in The Statemenc of Recommended Practice - Accounting and Reporti ng by Charities. Basic preparation of accounts The financial statemenis have been prepared on hiscorical cost convention and include the resulu of the chariry's operacions which are described in the Trustees Report and all of which are continuin£. Incoming Resources b) Voluntary income is received by way of donations and gifts and is included in full in the statement of fi nancial activities when received (if any). b l) Contribution from members as subscription is recognized as income when received. Donations in kind are valued and included In income to the extent that it represenrs goods or Services which would otherwise be purchased (if any). d) Grant5 are recognised in full in the Statements of Financial Accivities 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 receiN7ble. Restritted funds are to be used for specified purposes as laid down by the donor. and as laid down by the trustees. Expenditure which meets these criteria is identified to the fund. Unrestricted funds are donations and other income received or generated for the charitable purposes. Expenditure h) Governance cost of the charity related admini5tr2tion costs of running the charity such as the cosr of meetings, audit and statuiory compliance. They a150 include cost incurred in the general administration of the chariry and which can not be directly attributed to the provision of the services of the organisarion. i) Depreciation 15 provided on all tangible fixed assets except the freehold buildin& at a rate calculated lo write of the cost of each asset over its expected useful life. as follows= Fixtures and Fitcin8S 25% on written down value Office Equipment 25% on written down value li
Develo ment Association In The United Kin NOTES TO THE FINANCIALSTATEMENTS Forthe period ended 30 September 2024 dom DA-UK Unrestricted Restricted Total Funds Total Funds Fund Fund 2024 2023 2. Charitable Costs Wages includlng Employer's NIC Rates. Insurance & cleaning Ligh( Heat & Water Managemenc and Admin Consaltancy Fees Repxirs & Maincenance Other office Expenses 5,520.81 3.148.74 5,520.81 3,148.74 7,473.54 5,673.99 1.200.00 1,05100 1.624.92 11546.47 1,200.00 1,05ZOO 1.624.92 12.546.47 3,825.00 14.697.05 1,063.55 32.733.13 3. Governance Unrestricted Restricted Total Funds Total Funds Fund Fund 2024 2023 Management and Admlnstratlon Oversea5 Donation-Accident Victim Relief Contribution to school overseas Fund Raising events, expenses Accountancy Fees Bank Charges 10,445.00 10,445.00 61,640.16 100.000.00 13,724.57 I,soo.00 89.70 12,034.70 I,soo.00 89.70 12.034.70 800.80 176.165.53 4. Other Expenses Unrestricted Restricted Total Funds Total Funds Fund Fund 2024 2023 496.13 Depreciation 496.13 4& Net Income Resources (Deficit) 2024 2023 9.028.2 4b. Donations in kind There were no donauons in kind during the peri( 5. Employees The average number of people employed during t 13
Develo ment Association In The United Kin dom DA-U 6. Debtors 2024 2023 Other Debtors-utiliry Bill Rent Owing (IBEX) 3,878.69 19,315.53 19,315.53 3,878.69 6& Prepayment Insurance Prepa>Thenr Business Rate 1.932.53 1.472.05 3.404.58 Land and Buildings Free hold 2.182.23 1.224.90 3.407.13 Flxture5 Fittings and Equlpment 7.Tangible Fixed Assets Cosc at 1st Ocrober 2023 Addition 1,726.275.00 26,780.78 1.726.275.00 26,780.78 Depreciatlon at I st Ottober 2023 Charge for the year Depreclation carried Forward 25,292.38 372.10 25,664.48 Net Book Value ai 30 September 2024 I n6.275.00 1 116.30 net Book Value ac 30 September 2023 1726 275.00 1488.40 8. Creditorj fa115ng due wlthln one year 2024 2023 Tenants Deposits Renc Received in Adnce Other Accruals Accruals - Tender Deposit Audit Fees 8.966.66 10,067.00 8,000.00 26,000.00 1,500.00 54.533.66 9.200.00 9,226.70 18,426.70 9 Analysis of Net Assets 2024 2023 Tanglble Fixed Assetss Currenc Asse¢s Current Llabilicies 1,727,391.30 38S.848.22 54.533.66 2.058,705.86 I,n7,763.40 249,349.20 18.426.70 1958.685.90 l O Outstanding Legal Case Subsequent to the balance sheet date. a post balance sheet event has arisen involving a dispute with the tenant of one of the charitys resturant properties regardirvg the termination clause in their lease asreemenL The matter 15 being currenrly handled bythe tharity's legal advisors. who reTrIn oprlmisEiC abouc favourable ourcome. However, should rhe case not be resolved in the charity's faviour. there is a potenttonxi exposure to litigatton costs and compensation amount to approximately £60.000 13