REGISTERED COMPANY NUMBER: 04873624 {England and Wale5) REGISTERED CHARrrY NUMBER: 1103895 Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for The Desk & hair Foundation InsixTe Accounting (UK) Itd Unit 13a Chiltern Court Asheridge Road Chesham HP5 2PX
hair Foun on orrterts of the Finan for the Ye nded 31 tatements mber 2023 Pag8 Report of the Trusiees Independent Examine¢s Report Statement of Financial Activities Balance Sheet 5 to 6 Notes to the Financial Statements 7 to 11 Detailed Statement of Financbal Activtties 12
The Desk & ir Foundation Re rt of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the ¢hafity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by CharitTres.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial ReIng Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTIES Objectlves and alms The charity's objects and principal acttvities are.. - The advanfflent of education of any person in Tanzania, England and Wales or elsewhere., - The relief of finanoal hardship and the asskstance of social welfare. The main obj'ectives and actsvitses for the year continued to f0CL upon the establishment of new wells by workirKJ in partnership with the lo¢al communities. ACHIEVEMENT AND PERFORMANCE Charitable activities This year we cont'nued with the educational rYoJrams by assisting wth indrvmlual school fees as well as provisions of student desks chars to schools in Tanzania. We also fijnded sanitary faalty's in and around schools and hospitals to assist in social welfar8. We have conttnued with assisting with mobility of those who disabled by the provision of tricydes and WelChaI. We have also continu&J in our efforts in funding of social sustainability projects arKI the education of villagers of the importance of the same arKJ the impaca of global warming. Additional details can te found at: WtrVW.tdd.org. FUTURE PLANS The charty plans to continue tt•r activibes ouuined above in the forthcomir¥J years subje(* to funding. STRUCTURE. GOVERNANCE AND MANAGEAIENT Gov•rnSng do¢ument The charity is ¢ontrc41ed by tts governing dOcnert a deed of trust, arKI constiiut8s a limited company, limited by guarantee, as defined by the Companies Act 20. Organlsatlonal stnKture The trustees meet monthly arml a ressIble for the strategic direction, policy as ¥11 as the day to day management of the charity. Induction and training of trustags All the trustees are familiar with the prac#i¢al of the charity. having visited the projects in Tanzania. Rolated partl•s In so far as rt is complimentary to the charrtys objects. the charTty is guided by local and international policy. Page 1
hair Foundation Re rt of the Trustees f r the Year End cember 2023 REFERENCE AND ADMINISTRATIVE DETAILS Reqlsterod Company number 04873624 {England and Wales) Raglstsred Charlty numb•r 1103895 Roglstered offlce UnitsSCF1&2 Western Industrial Marf(et Hayes Road Southall Middlesex UB2 5XJ Trustees Dr S P L Meghjee MrA K Meghjea Indopendant Examirwr Inspire Accounting (UK) ttd Unit 13a Chiltem Court Asheridge Road Chesham HP5 2PX This report has been prepared in accordan withthe special w)visions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 9 pAuSt 2024 ar ned on ts behalf by". Mr A K Meghjee- T stee Page 2
Inde endent Examiners Re The Desk & Chair Foundation to the Trustees of Ind•pend•nt •xamin•fs report to the trust•¢s of Th• l)esk & Chair Foundation IYh• Company.) I report to the charity twstees on my examination of the ac¢ounts of the Company for the year ended 31 Dember 2023. Responsibilltlos and basss of report As the charrty's twstees of the Company (and also its directors for the pury)oses of company law) you are respOble for the preparatn of the a¢xounts in accordance with the requirements of the Companies Act 2006 (Ihe 2(M)6 Att). Having satiSfd mysell that accourrts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for irKleFndent examination, I report in SpeCt of my examination of your charity's accounts as ¢arned out under Sedion 145 ofthe Charities Act 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions gNen by the Chanty Commission under Section 145(5) (b) of the 2011 Act Ind•p•ndont •xamlnerfs statament Since your chaiity's gross income exceeded £250,000 your examinw must be a member of a listed body. I can confirm that l am qualtfied to undertake the examination because l am a member of the "ERROR - retevant wofessional body must be Complet, which is one of the listed bodies. I have completed my examination. I confimi that rK> matters have come to my attention in connection with the examinatlon giving me cause to believe: accounting recdS were not kept in res of the Company as required by Section 386 of the 2006 Act., c Ihe accourts do not rd those records" or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any r8quirernent that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the a(xounts have not teen prepared in accordan wth tt methods and principles of the Statement of Recommended Pradi¢e for accounting and reporting by charrties (applicable to charities preparing theFr accounts in accordan with th& Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>). I have no concems 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 prop8r understanding of the accounts to be reached. Emma Cross Inspire Accounting (UK) Itd Unit 13a Chiltem Court Asheridge Road Chesham HP5 2PX 9 August 2024 Page 3
The Desk & hair Foundatlon Statement of Financial Activi ies for the Year Ended 31 Decem r 2023 31.12.23 31.12.22 Total Total funds funds funds fvnds Notes INCOME AND ENDOINMEPlfS FROM Donations and legacies 303 727 303 727 EXPENDITURE ON Charltable actlvlties Tanzania- Weware 313 212 313 212 NET INCOMEI(EXPENDITURE) (9,485) (9,485) (8.45D RECONCILIATION OF FUNDS Total funds brought forward 394 394 18.336 TOTAL FUNDS CARRIED FORWARD The notes fiTh part of these financial statements Page 4
The Desk & Chair Foundation Balance heet 31 December 2023 31_12.23 Total funts 31.12.22 Total funds Unrestricted Restricted funds funds Notes CURRENT ASSErs Cash at bank 1.474 1,474 10.959 CREDITORS Amounts falling due within one y (1,080) (1,080) (1,080) NET CURREKT ASSErs 394 394 TOTAL ASSETS LESS CURRENT LIABILITIES 394 394 9,879 NET ASSErs 394 18.336 FUNDS Unrestricted funds: General fund 394 9.879 TOTAL FUNDS 394 9.879 Thè charitable company is enttued to exemption from audit undw Seclion 477 of the Companies Act 2C106 for the year ended 31 December 2023. The members hwrfe not required ts company to obtain an aLKltt of ts financial statements for the year end8d 31 December 2023 in accordance wth Section 476 of ts Companies Act 20C6. The trustees acknowledge Ir reSporlIl[lles for (a) ensuring that the tharitable company keèps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) prepanng finanoal statements which give a true and fair view of the state of affairs of the haritable company as at the &rKI of each financial year and of tts surplus or deficit for each financial year in accordance wtth the requirements of Sections 394 and 395 and which Othe1$e comply with the qUirements of the Companies Ad 2C#)6 relating to financial statements, so far as applicab18 to th8 charitable cornpany. Page 5 continued...
The Desk & hair Foundati Balance Sheet - continued cember 2023 These financial statéments have been prepared in accordance with the provisions applicable to charitable companies subject to the small compwnies regime. The finanaal statemerts were apwoved by the Board of Trustees and authorised for issue on 9 August 2024 and were SKJned on its behalf by.. Mr A K MeghJ"ee - Trustee notes fonn part of these financial statements Page 6
The Desk & Chair Foundation Notes to the Financial Ststements for the Year Ended 31 December 2 ACCOUNTING POLICIES Basls of preparlng the flnan¢ial stat•nnts The finanual statements of the charFtable company. lch is a public benefft entty under FRS 102, have been pPared in accordance wrth the CharitKgs SORP (FRS 102) 'Accounts'ng and Reporting by Chaiiknes: Statement of Recommended appk¢able to charities preparing their accounts in accordano with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019)., Finanaal Reporting Standard 102 'The Financial Reporting StafKJard applicable in the UK and Republic of Ireland, and the Companies Act 2008. The financial statements have been prepared under the historical cost convention. Inco All income is recognised in the Statement of Financial Activttses once the charity has entitlement to the funds. it is probable that the income will be rec8ived the amount can be measured reliably. Expendlture Liabilities are recognised as expendtture as soon as there ts a legal or constNctive obligation committing the charity to that expenditure. it is iyobable that a transfer of economic benefits will be required in settlement arxj th8 amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classffied under headings that aggregate all cost related to the category. costs cannot be directly attributed to particular headings they have teen allocated to activities on a basis consistent wth the use of reSoUs. Taxatlon The charity is exempt from CLvporthn tax on tts charitable aGtNilies. Fund a¢eountlng Unrestncted furKls can be used in accordance with the charilable objectives at the discretion of the trusts. Restricted funds can only be used for particular restricted purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restricted purposes. Further explanatron of nature and purtM)se of each fund is included in the rK)tes to the financial statements. Page 7 continued...
air Foun on Notes to the Financial Statements - contin1 for the Year Ended 31 De mber 202 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or otsr tenefits for the yw eThJed 31 December 2023 nor for the year ended 31 December 2022. Trust•OS' oxp•ns There Vre no trustees, expenses paNJ for the year eThled 31 December 2023 nor forthe year ended 31 December 2022. STAFF COSTS The average monthty number of employees durirvJ the year was as follows: 31.12.23 31.12.22 Tanzania Support Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMEiif OF FINANCIAL ACTivrriES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMEpifs FROM Donations a1 legacies 254 823 EXPENDITURE ON Charitable actlviti•s Tanzania - W81fare 263 280 NET INCOMEI(EXPENDrruRE) (8,45n (8,457) RECONCILIATION OF FUNDS Total funds brought fOard 18.336 18,336 TOTAL FUNDS CARRIED FORWARD Page 8 continued...
The Desk & Chair Foundatton Notes to the Financial Statements - ¢¢)ntinl for the Year Ended 31 December 2023 CREDITORS: AAiouNfs FALUNG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Accrued expenses 1,080 AIOVEMENT IN FUNDS movement in funds At 31.12.23 Al 1.1.23 Unrestrfcled funds General fund 9,879 (9,485) TOTAL FUNDS 9.879 394 Net movement in funds, induded in the ate are as follows." IncomirYJ Rescxjrces Movement resources expended in funds Unr•stri¢ted funds General fund 303,727 (313,212) (9,485) TOTAL FUNDS 303,727 313,212) Comparatlvgs for movément in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 18,336 (8.457) 9.879 TOTAL FUNDS 18,336 Pagè 9 continu6d...
hair Foundation Notes to the Financial forthe Year Ended 31 MOVEMEpif IN FUNDS - Oontlnued Comparative net movemgnt in funds, Ind in the above are as follows: In¢(Mning Resources Movement resources expend8d in funds tatements - contin cember 20 Unrestricted funts General fund 254,823 (263,280) (8,457) TOTAL FUNDS A cuent year 12 morftts and Fyior year 12 months combined position is as follows: Net movement in funds At 1.1.22 31.12.23 Unrostrlcted funds General fvnd 18,336 (17,942) 394 TOTAL FUNDS A cutTent year 12 months and FKioryear 12 months combined net movement in funds, included in the above are as follrffi: Inc(MnirvJ Resources Movèment resources expended in funds Unrestricted lunds General fund 558,550 (576,492) (17,942) TOTAL FUNDS Page 10 continued...
The Desk & Chair Foundation Notes to the Financial Statements - continued for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES There were no related party transa(Xions for the year ended 31 Decemt*r 2023. Page 11
Th Detailed Statement of Financial Activtbes for the Year Endad 31 D8cembe 023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacl•s Donations 303 727 Total Incomlng rosources 303.727 254,823 EXPENDITURE Charltablo activitles Projects 298,349 248,168 Support costs Management Insuranc8 Accountancy Fees 547 547 1,080 1,627 1,627 Flnar Wages Bank Charges 11.940 11,940 Total reSoUS exFended 313 212 263 280 Not oxpndlturn This page does not form part of the statutory financlal statements Page 12