The U Found•tlon Water Annual Report and Financial Ststements 2023 Charlty Re8 No: 1113133 Company Re8 No.. 5570327
Annual Report and Financial Statements 2023 Contents.. Page no. str[tur4 Governance and Managemenl obJtiveS and Activities Achievements and Porn]a¢Q Fundrnising Activiti&5 Future Plans Fin•ncial Statements and Review
Stru¢ture Governan¢e and Mana ment The U Foundation is a UK wistered ¢harity attd a ¢ompany IAmiied by guarantee, as defm by the Companies Act 2006. The U Foundation is governed by its Memordndum and Articles of Associatio4 drawn up on 21 September 2005. The U Foundation gained clwity ststus on 01 March 2006. Ob of tbe Cl1 To pmvide relief from povety, sickness, and distress in any part of the world and in particular the continent of Africa, and iti furtherance of this object to provide relief by the provision of facilities of all kinds, sllprt services and quipment generally calculated to reduce the nee har(Lslllp, or distress of such persons, and to promote awareness of povety in Africa and elsewhere generally. Trustees New thtee8 advised of their obligations under charity law. Tnt¢¢S at¢ r¢-appointcd at th¢ Annual General Meeting and meet quarteTly for busine&s. They must be committed to the aims and objectives of the charity. Tnjstees delegats th¢ day-104lay of th¢ organisation to the Charity Administrator but should be prepar&A to give their time willmgly to support the running of the Charity. Ob ective$ and Activitie8 The pU0$e of the chaTity is the provision of relief from poverty, sickness, and distress, in particular on the continent of Africa. The principal aim 15 to provide the tools to eAucate and empower communities so that they develop sustaiDably. The main activities include the ongoing sllprt and development of specific n]ral schools, pupil 5poll50Tsbip at¥J the provision of safe water. The ttwtees confirni that they have refed to th¢ 8uidanc¢ wntsincd in th¢ Charity Commission's gene1 guidance on public benefit wben reviewing th¢ Clwity's aims and obj¢&ives and in planning future activities.
Achlevements and Perfornian This year brought a glimtller of hope as fundrai8iDg aotiviti¢s r¢sume41 after a quiet few years. We also laun¢heAI our n¢w w¢bsite, allowing vs to Showca our WO and th¢ IMpt w¢ making in communities across Zambi Severnl of our dedicated tntee8 made the 5,000-mile journey to Zambia at their own expense. These invaluablc visits provid¢ fwsthand insigbts into the ongoing support offered by The U Foundation and help us identify thture needs. Maintaining constant Communication with the orgatiisations we SUprt ID Zambia remains a iority. Our relationships with both the Siankaba Community Trust and Charity Begins at Home are strong, ond we u1crStand that these connections are vitsl, allowing us to stay ¢ngagol and provide valuable feedback to our supp)rt¢r5. This aT. we also ¢stsblisknJ a connection with a women's rcfuge in Lusaw the wital city. Ilthaya-A Place CalledHome off¢rs a safe hp4v¢n for adolescent girls and young WOM who are victims of s¢xual and gender-based violence. On behalf of all the orgatiisatAons we work widL we extend our heartfdt thaJ]ks to our supporter4 whose generosity enables us to continu¢ our cssential work. Siankaba Communi Tru8t Southern Provlnee Zambla This y¢aT. we celebrat&l a sigtiific8nt milestone for the Sianknba Con]munity Trust S¢hool, wbich, aft expanding to grade 7. achieved official primary school status. Pupil numbers have grown to 171, and the 5cIK)ol )W employs 9 teachers and 2 n]nt¢llan stsff. As 2023 dr¢w to a close. we prou(lly congratulated the Grade 7 puplls. who belle the f]r3t cohort tr) take theirfinal exams and graduale from Siankaba CoD]murity Tru8t Primary School. This mom¢Dt has been matLy Ye in the making. We've withessed the school gww from a single mud hut with just a handful of childrffl lo a fidly-fl¢dged primary school. Watching these students wmpl¢te their fmal exams and move on to bigb schwl is a testament to the progres8 made by the Siankaba community. W¢ now wish ¢a¢h of these Sdellts great success as they ¢mbaTk on the next chapter of theAr lives, and we Look forward to supporting them as they continue their education journey. Parental involvement remains a ¢orn¢rston¢ of the Si8nkaba Community Trust School. The Parent-Teacher Association (PTA) plays an active role io supwrtin8 the school. ensuring that parents are engaged in th¢ir Children's educBtion. From asststing with Cleaning, clearing land. and litter picking to organising activities, the PTA'S contributions strengthen the bond between th¢ school and th¢ community. The school feeding programme contlnues to be one of tbe most LtiCal aSplS of th¢ sch(K)I day, especially as some households ére still feeling the lingering effects of the pandemic and the Tising cost of living. Providin8 Students with a nutritious m¢al cach day nol only ensures
they have the energy to focus on their studi¢s which also ease5 the burden on struggling families. This pme has been life-cbanging for many, helping to improve school attendance and student wellbein& which in turn positively impacts th¢ ¢ntit¢ Gommunity. Educational trips have also resumed, eiching stud¢nts' eXp1¥c¢S b¢yond th¢ classTr0m. These trips offer students exposure to new career possil)ilities and open their eyes to opportunities beyond their immediate eDviroIiin¢nt. Additionally, the girls, club was providing a spac¢ for young girls to lea gTOW. and support one another. Members benefited from visits and tall(s by guest speakers, helping to boost confidcncc, build new skills, and eOUrag¢ their atrybitioms, Thi$ has been an important step in empowering young women within the community. The Sponsor a Childpro8rttmme provides a steady income that helps coverthe genernl nmning ¢o$ts of the Siankaba Con)nllty TnLSt School and offers additional support to the most vuln¢rthle pupils. By sponsoring a Child, support¢rs wntTibute to both the education and long- terni well.bein8 of these childw Anaking a meaningfill impact on thc community. Chari t Hom¢ In addition to our ongoing conjmitment to the Siankaba community, w¢ have renewed and expanded our supFx)rt for the pwle of the LuaD8wa Valley in E&8tern Zambia. Througb 'ChaTity Begin5 at Home,, the chaTitable 8rn1 of Bushcamp Company, we've once again been able to contribute to their 'Con]mit to Clean Wat¢T' illitiativc. With local populations growing rapidly, most of the valley's SId sfill Ik aeSS to saf¢ thinking water. Thi5 program is w01ng to provid¢ freshwater bottholes throughout the ar and we pud to bave supported this effort for many years. This y¢aT. our fimding h¢lp¢d dTiII a bor¢hol¢ at Msoro School. loc*¢d in a remote village often isolated during the rainy seasoL We al80 pfovAded solar-powered equipment to pump ¢lean water to a nearby storage tanL whi¢h then supplia the ¢4)n)munity thmugh standpipes. Thi5 project benefits not only the sa1 but also th¢ surroundmg community, offering acc to clean water for household use and 8AnalL-scale farmi helping r¢sid¢nts grow produce to 8¢ll at the local market.
Fundraisin flrtivid We were tbriiled to welcome back the Can¢¢ury to Amsterdam cycling evenL which saw 16 dedIted participants embatking on the challenging journey. The1TcolltiVc ¢fforts raised jwt over £20,000, a significant contrlbution that will 80 a long way in supporting our projects in Zambia. Th¢ event. returning after a hiatus, brought tO8¢ther (list$ from diff¢rent b¥kground4 all united by the cause of ¢mpoweri]J8 ¢omtnunities through education. On¢ long-time SUprter of The U Foundatio4 took on a remarkable 50-mile walking challenge. In addition to the physical fe4L he hosted a fimdrnisin8 dinner, raisin8 a total of £I.OIK). The continued con)mÉtment fiM individual efforts nkeS a real difference for those we supwi tn September, the Dharnla Foundation inHull orgatiized the higbly successfill Bolly Bling BalL which rnised over £10,000 for The U Foundation. This glamorous event drew in support from far and wide. combining entertaiDm¢nt with philanthTrpy. Th¢ fillLd8 raised will conknl)ut¢ Si8Difi¢antly to our ongoing projects, particularly in supp)rting vulnffible children and school initiatives. The Sponsor a Child programme continues to be a Cnla1 part of our tundtwing efforts. By pmviding consistent sw)port for individual students. this progrdmme not only helps cover 8ch(M)I f¢es and supplie5 but also plays a vital role in ¢nsurin8 that vulnerable children receive the education they deserye. Each sponsoTship Contributes to the growth and stability of the SiaDkaba ComttLunity Tt School, as well as the futur¢s of childre Chjr parthership with EaSYfiMdra1Dg, an online platforni that allows supporters to raise fiu8 through everyday shopping, has also been incrthly fnjitful. This y, we hit th¢ £6.(X)O milestone, demoDStrntin8 th¢ impactof smalL consistent contrAbutions overtime. This platfonn h88 allowed more people to engage with our caus¢ in an a¢c¢$sible way, fillther expanding our donor ba. Future Plans The clwity's principal aim remains to provide the tools to educate and ernWer communitxe enablin8 SUStainAble development. Our focus conlinues to be on supporting the SiaDkaba Community Tnt School, a lon8-Standing commithAt from The U FoundatiotL In 2023, 8 significant inveskn¢nt was made to complete four new cl&ssr(Troms. whi¢h mad(ql a lar8¢ financial outlay. Once the remaining Glassroom3 are finisl)ed and the school infrastsucture is complet¢, th¢ financial burden will shift Primarily to nujning costs. n]aintenan¢e, and pupil spinsorship. We will also set asid¢ fimds as a wnting¢n¢y for 8ny additional developments. Our strong parthership with Charity Begin8 ai Holl CODtinu¢s, with p18ns to 8uptKTrrt the coD)munity in th¢ South Luangwa where possible. We will al80 explore possible oprtunItieS to extend OUT SUPPOrt to the Lusaka-based chaTity. ]khaya-A Place CalledHome. AS a small Charity. The U Foundation prides itself on maintaining pernond relationships with both donors a))d beneficiaries. With no salaries or large oveJlThd4 donots call ttijst that Ihe they pl&Jge go diffctly to whue they ar¢ mosl n¢ed¢d.
Registered number 5570327 Charlty number 1113133 The U FndatIOn Limited IA company Llmlted by Guarantee) Report and Unaudfted Accounts 31 Decernber 2023
The U Foundation Limited mpany Informatlon irector5 H Chikhlia Mrs S L Elton Mrs B A Fletcher Secretary H Chikhlia Acuntant JCR Bookkeeplng Servltes 21 ng5way Leicester LE3 21L Bankers Bartlays Bank PIC Town Hall Square Leicester LEI 9AA BVM Housè Trinlty Lane Hin¢kley Lelcestershlre LEIO OBL RÈglsterèd number 5570327 Charfty number 1113133
The U FoundatiDn MIled Reglstered number: 5570327 Dlrertors, Report The directors present thelr report and accounts for thè year ended 31 Detember 2023. I)bjec and artl¥llles The U Foundatlon LSmlted, Is Ilmlted by guarantee Inumber 55703271 and a registered charfty Inumber 11131331. Its principal athre5s and its re8islered office address 15 BVM House. Trinity Lane. Hinckley. Leicestershire LEIO OBL. The company's objects and principal activity durin8 the year continued to be the prOSlon of rellef from poverty, slcknes5 and distress in any part of the world and In particular, the continent of Afrlca and to promots awareness of poverty In Africa and elsewhe generalty. txredo The directors of the tharitable company are Its trustees for the purpose of tharity law and throughout this report are collertively referred to as directors. The followln8 dlrectors served durlnB the year.. Mr H Chikhlia Mrs S L Elton Mrs B A Fletcher The Charilab company is limited by guarantee and has no share caplial. In the event of the company being wound up, members are required to contribute an amount not exceedinB £10. R15k management The dSrectors hève è rfsk management strategy whld) includes an annual rewew of the risks the charty fa and the establlshment of systems and procedures to mitigate those risks and implementation of procedures designed to minimise any potential impacl on the charity should those rkS materialize. Rwlew of artl¥Stles for the y•ar The charity ret)orted a deficit of £138,954) for the year120221'.1£19,3951. The detalled results are set out In the attached flnanclal st*ements. Rèserves pollcy The dirertors aim to ensure that suffiaent fvnds are maintained to enable the company to carry out Its actNltles. small company provlsll This report has been prepared in a¢¢ordan¢e with the provisions in Part 15 of the Companies Att 2006 applicable to companles sublectto the small tompanles re¥me. This report was approved bythe board on 12 September 2024 and Svdned on its behall H ChikhlFa Direttor
The Ll Foundotion Ltynlted Independent Exomlfters Report to the Trnstees ol The UFoundatlon Umltrd I report on the accounts ol Thè U Foundatlon LIMed forthe yearended 31 December2023. whkh are set out on pages 4 to 7. espèctfve respondbNltles of trustees and examhr The Charity's trustees are responstble for the preparation of the accounts. The Charity's trustees conslder that an audit 15 not required lor this year lundersection 43121 of the Charities Act 19931 and an independent examination is needed. It is my responsibility to.. examine the accounts (under section 4313llal of the 1993 Actl,. to follow the procedures laid down in the General Directions given by the Chartty Commissionets lunder Section 4317llbl of the 1993 Artl. and to state whether particular MatrS have come to my attentlon. Ba of Indepèndent •xamlnars r•pDrt My examination was carried out in accordance wth General Directions given by the Charity Commissioners. An examinatk)n Includes a VIeW of the accounting lecords kept by ihe ¢harlty and a Compartson of the attounts presented with those records. It also )cludes consideration of any unusual items or disdosures in the aceounts, and seekin8 explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be rèquired in an audit. and tonsequently I do not express an audit opinion on the vlew Blven by the accounts. Indepèndent examlner's statwnent In connection with my examination, no matter has come to my attention: il whh ÉNes me reasonable cause to belleve that In any material respert the requlrements to keep aryounting records In accordance with 5ectlon 41 of the 1993 Act,. and to prepare accounts which accord wth the accountlng records and compty vAth the accounting requirements of the 1993 Act, have not been rnet: or 111 to whlch, In my oplnlon, attentlon should be drawn In order to enable proper understandlng of the accounts to be reached. JC Read BA IHonsl ASIP Dip PFS JCR Bookkeeping Services 21 King5way Leister LE3 21L 16 September 2024
The U Foundatloft Lknlted statement of Financial Atlivities lor thè y•ar •nded 31 D•cemb•r 2023 Noles 2023 2022 IncomKng trsource$ Income fvom charitable activities and generated funds 92*85 29,449.00 Resources expended Fundraisinsand direct charitable activities casts 131W9 48N4.00 Net incomins re6ouree$ 38,9i4 19,395nO otrher recognised gainsloosses) Net incoming Tesources (or the finanaal yeAr 38,954 19.395.00
The U FoundatlDn Umlt•d Balance Sheet as at 31 De¢ember 2023 Notes 2023 2022 Current assets Prepayment Cash at bankand in hand 165.266 204,197 Netcurrent aB8ets J65,266 204,197 Netas8ets 165.266 204.197 Reserveg General Accumulated Funds 165,266 204.197 Net lunds 165,266 204.197 The dlrectors are satlsfled that the company Is entitled to exemptlon from the requirementto obtain an audit under section 477 of the Companies Act 2006 8nd that members have not qUIred company to obtsln an audot In aordance wlth sectbn 476 ofthe ACL The directors acknowledge their responsibility for Complylng wlth the requlrements of the Compan5 Act 2006 with respect tt> acttsunting retords and the pieparation of accounts. The accounts have been prepared in accordance vmth the provisions in Part 15 of the Companies Act 2C(6 appficable to companie5 subject to thè small tompanSes' reglme. H Chikhlia Director Approved by the board on 12 September 2024
The U Foundatlon Llmlt•d Nthes t¢ theAc¢ounts for theyear ended 31 DKernber 2025 l A¢¢wthtkn8 polkle5 B¥s15 of weparatlon The acwunts have been ppared under the hlstorl¢al cost convention and in accordance wth the Financial Reporting Standard for Smaller EntleS leffertSve Aprll 2(1)81. The ac¢ounts have also been drawn up in accordance with the Ststernent of Recommended Practi ISORPI_ "Accountin8 and Reporting by Charities. issued ty the Charity Commi55ioners En8laTrJ and Wale5. Income I Incomlng resources, Including donations. sifts and grants are Included In the Statement of Financial Activltles when the tharty is le8ally entltled to the income and the omount can be quantified with reasonable accurary. Income recefvable underglft ald Includes the rdated Inme tsx recoverable. Investment Income tomprisin8 interest receivable is included when receivable. ExpendSture Expenditure 15 acwunted for on an accrual'5 bas15 inclusive of the irrecoverable VAT, which is a88fegated to the cost to whlch it relates. Fund accountlb Funds comprise unrestrftted fvnds whlch are avallable for use at the dIScreon of the dlrectors In furtherance of the general objeciives of the Charlty. T•xatlon The charlty Is exempt from torporatSon tsx on its charitsble activities. Forel £urr•ndÈs Assets and Ilablllties In forel8n currencles are translated Into sterllng at the rates of exchange rulln8 at the balance sheet date. Transactions in foreign currenues are translated into sterlln8at the rdte of exchan8e rulin8 at the date ol transactlon. Exchange dlfferences are taken Into account In arrlvlng at the operatlng results. 2. General ld5 At l Jamiary 2023 Surplusldefiat) for the year 214.197 48,954 Irrecoverable debt (other> Exchan e Rate conversion loss As at 31 DeeembeT2023 165266 3. Trustee remuneratlon No trustees recelved any remuneratlon or relmbursed eKpensès durin8the year. 4. Controllln8 party In the opinion ofthe directors, given the strudure ofthe company. there is no Ulmate controlling party-
In¢om¢ and ExndIture Accourt for the year en(led 31 Dp¢ember2023 forthe knfom)*lon of Ihe dhctors on 2023 29,449 ded 131,&19 38.954 19?95 The U Foundation Lwnited Sch•dule to the IrKom• and ExpendrtureAca¥unt ft>r the year ended 31 Dectmber 2023 Jorthe Infvnnadon of thedIrertO0IY 2023 2022 Inwmins Resollrees General tk)nations (note l) Fund raising events (note21 Bankinteresl 47349 39250 1,616 88.215 24,641 298 180 25.119 Otherinrome as Custodian Trnstees Time & Tide CSL 3,020 1.650 4.670 2.680 1,650 4,330 Re60urces E>Tended Fundraising activities (note31 Grants payable (note 4) Accountancy and administration f Bankcharges InsuEan 19,li5 106,265 69 1,226 68 114 68 895 837 612 Online Platform Siankaba Schwl Supplies sc IWeb51tenI) 360 157 311 127.169 1,547 44.515 Other Expendithre as Custodian TEust¢e8 Time & Tide CSL 3,020 1,650 2,680 1,650
The U Fndt)n Umite Schgdulelo thè Income and Expendlture Account forthè year ended 31 D8mber 2023 fvIt Inlorm(wlloft oAthe dlre£totr%onfy 2023 2022 Note I: GeneralDonations tk>nations received Gift Aid income tax Sponsor a Child (Mline Flatform sales 5tankaba Siankaba Xmas Calendars 23,732 9J)38 5,766 3J2 5,451 2Ay76 374 3,232 4,856 5,159 440 8,090 2,656 208 47.349 24.641 Otherlncome received as (knkndian Trusiees Time & Tide 3,020 1,650 4670 2,680 1,650 4.330 CSL Nole 2: Fundraisin8 Events Four CountIie5 39250 London MaTathon 298 39.250 298 Nole 3: Fundraisin8 Aelivities Four Countries 19.155 Note 4: Grants payable Siankaba Community Trust- General Tunningcosts SiankAba- Capital B<penditure Siankaba- Pupil Sponsorship Mfuwe- Bore lknle 2023 2022 3730 S586 2J53 10,996 106.265 31,903 7,185 2.138 41,226
Financial Review For th¢ rcportiDg period, The U Foundation's income totalled £92,885. while expenditure 8mounted to £131,839, resulting in a d¢fi¢it of£38,954 for the year. The clwity's cash reserves stood at £165266 at year-end, which will I3¢1Y be allocated towards school PTojeLts in ZAmbi& General donations saw a significant increase during this accounting period coMped to tbe previous year. thath in part to events like the Bolly Blin8 Ball and c4)nttibutions from long- time supporters. me fry)m fillthising events also Surpassed that of the previo few years. highligbted by the Four Countries Cycle Challenge, which took place for the first time since the pandemic. This event 8¢nerated £39,250 in turnover, resulting in a profit of £20.095 after acwunting for costs which totalled £19,153. Additionally, our Sponsora Childprogtamme contiibuted£5.766 in income. furtbersupporting our ongoing efforts. Funds held as custodian tnlee8 on behalf of others A total of £4.670 of the income was held by TUF &$ Custodian trustees on behalf of others during the accounting p10d. £1.650 was r¢1v on behalf of Conservation South Luan8Wa {CSL). It is CSL'S mission 'to work with con)munity and conservation partners in the protection of the wil(llife and habitsts of th¢ South Luangwa ecosystem.. As restiicted fund these donations were communicated to CSL at¥J documented throughout the year. These monies were transferred at the ¢nd of th¢ a¢countitig perio(L £3020 was received on behalf of Time and Tide Foundation to be ringfenced and held as restriGtrd fund5 towards th¢ir Kapani School Project in MWe. Tim¢ and Tide Foundation 'aim to give education to children who would othenvi8e not I able to go to school.. These fidS wctc transf¢tred during this accounting period. Thc totsl ¢xp¢nditure, amounted to £131,839, the majority of Nvhich relates to g]t& yable. Of this, £95,269 was paid to th¢ Siankaba Community Tn1, to cover sthool costs, building WoTen0VatIOnS, pupil sponsorship and commuDity suprK)rt. £10,996 was transferred to Charity Be8in5 al Home for the borehole and equipment at Msoro SchooL near Mfuwe. Th¢ Tenmining grants payable w¢re to those charities for which we acted as custodian tsustees. (CSL £1,650, Time and Tide £3,020) Other significant expenditure included the costs of the ¢yd¢ ¢hall¢ng4 whichtotalled £19.155. The charity administrator's 8alary and expeDse8 arc covered by a local bsiness, helping to overhea(L8 low. However, there were still small administrdtive charge4 including insuranc4 accoutrtan¢y. and oth¢r fe¢& which amounted to £1,585.