The U Foundation
helpifig OttsiRt:. he￿ tht¥nseltres
Annual Report and
Financial Statements 2024
Charity Reg No: 1113133
Company Reg No: 5570327

The U Foundation
Annual Re
ort
and Financial St
nts 2024
Contents:
Page no.
Reference and Administrative Details
Structure, Governance and Management
Objectives and Activities
A Message from the Board of Trustees
Achievements and Impact
Fundraising
Looking ahead to 2025
Financial Statements and Review
10

TrusteeslDirectors
Mr R J Beare
Mr H Chikhlia
Mrs S L Elton
Mrs B A Fletcher
Mr C Gwillim
Ms S Thomson
Company Secretary
H Chikhli8
Accountant
JCR Bookkeeping Services
21 Kingsway
Leicester
LE3 2JL
Bankers
Barclays Bank PIC
Town Hall Square
Leicester
LE19AA
Registered offlce
BVM House
Trinity Lane
Hinckley
Leicestershire
LE10 OBL
Reglster8d number
5570327
Charlty number
1113133

Trustees Report
for the year ended 31 December 2024
The trustees of The U Foundation Limited, who 8re also directors of the charitable company for
the purposes of company law, present their report and the unaudited financial statements for
the year ended 31 December 2024.
TrusteeslDirectors who served during the year:
Mr R J Beare
Mr H Chikhlia
Mrs S L Elton
Mrs B A Fletcher
Mr C Gwillim
Ms S Thomson
Structure, Governance and Management
The U Foundation is a charitable company limited by guarantee. It was incorporated on 21.
September 2005 and gained charitable status on 01 March 2006. It is governed by its
memorandum and articles of association and is registered with the Charity Commission tor
England and Wales.
The trustees (also known as directors under company law) are responsible for the overall
governance of the charity. No trustee receives any remuneration or has 8ny personal financial
interest in the charity's work.
Trustees are appointed atthe Annual General Meeting {AGMI and meet quarterlyto conduct the
charity's business. They are committed to upholding the aims and objectives of the charity in
accordance with charity law. The day-to-day management of the organisation is delegated to the
Charity Administrator. The trustees confirm that they have referred to the relevant guidance
provided by the Charity Commission in fulfilling their responsibilities.
The charitable company is limited by guarantee and has no share capit8l. In the event of the
company being wound up, members are required to contribute an amount not exceeding £10.
In the opinion of the trustees, given the structure of the charitable company. there is no ultimate
controlling party.
Objectives and actlvltles
The purpose of the charity is the provision of relief from poverty, sickness. 8nd distress, in
particular on the continent of Africa. The principal aim is to provide the tools to educate and
empower communities so that they can develop sustainably.
The main activities include the ongoing support and development of specific rural schools, pupil
sponsorship and the provision of clean, safe water.

Public benefit
The U Foundation is committed to delivering clear public benefit through all its activities. Its
programmes improve access to education, support children and families, and strengthen local
communities
ensuringth8tevery resource used creates a lasting positive impactforthosewho
need it most.
The trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's aims and
objectives and in planning future activities.
Risk management
The trustees have estabLished a risk management strategy which includes regular reviews of the
risksthe ch8rityfaces. Systems and procedures to mitigate those risks have been implemented.
designed to minimise any potential impact on the charity's operations.
Review of actlvltles for the year
The charity reported a deficit of (£24,512) for the year {2023): {£38,954).
The detailed results are set out in the attached financi81 statements.
Reserves Policy
The trustees aim to maintain sufficient reserves to enable the charity to continue its activities for
a period of approximately two years. Recognisingthat the fundraising landscape is evolving, the
trustees will keep the reseNes policy under regular review to ensure thatthe charity can meet its
long-term commitments to existing programmes.
Small company provisions
This report has been prepared in accordance with the provisions in P8rt 15 of the Companies Act
2006 applicable to companies subject to the small companies regime.
This report was approved bythe board on 12 September 2025 and signed on its behalf.
Mr H Chikhlia
Trustee (Director)
The U Foundatlon Limited

A Message from the Board of Trustees
At the heart of The U Foundation's work lies a simple belief.. education is the most powerful tool
forbreakingthe cycle of poverty. Despite risingcosts. the charity remains steadfast in its mission
to empower communities through education.
Our progress is only possible thanks to the dedication of our tiustees. to whom we are hugely
gratetul. Their commitment and hard work form the backbone of everything we do, ensuring
decisions are well-informed and our mission remains strong.
Maintaining regular communication with the organisations we support remains a priority. In
2024, our partnerships in Zambia continued to grow. creating lasting impact for children,
families. and communities. In May, two trustees travelled from London to Livingstone to spend a
weekvisitingthe village of Si8nk8ba. gaining a deeper understanding of the evolving needs of the
community and school. As 8lways, their travel was self-funded, with some additional support
from sponsors.
During their visit, trustees reviewed the school's operations, teaching, and facilities, observed
classroom activities, and met with staff. They assessed howthe school is deliveringthe Zambian
curriculum. completed staff appraisals, and reviewed contracts 8nd policies to ensure clarity
and support effective school management. Site inspections confirmed th8t school buildings and
teacher housing are generally in good condition. with some maintenance needs and planned
improvements. Meetings with staff and local leaders strengthened community relationships and
provided valuable insight into local priorities.
The U Foundation is committed to delivering clear public benefit through all its activities. Its
programmes improve access to education. support children and families. and strengthen
communities. ensuringthat every resource is used to create lasting posvtive impact.
As 8 small charity with minimal overheads. The U Foundation ensures that funds go directly to
projects on the ground, maximising impact and m8intainingtransparency and accountability.
We extend our heartfelt gratitude to all supporters, whose generosity enables us to provide vital
education, empowerment, and opportunities to children and communities in Zambia.
Sarah Elton
FounderTrustee

Slankaba CommunityTrust, Southern Province, Zambla
The Charty's prim8ry focus is its partnership with the rural village of Si8nkab8 in Southern
Zambia, a community where homes are built from mud and lack access to electricity or
sanitation. Over nearly two decades, it has built strong, enduring relationships within the village
and remains deeply committed to supporting Siankaba and the wider area forthe longterm. The
following section highlights the year's key achievements, ongoing challenges, and future
priorities.
Education
Slankaba Community Trust School: Continued to maintain this fully operational primary
school with essential facilities, including electricity, running water, and daily hot meals for
every child. In 2024. the school enrolled 186 pupils, demonstrating strong community trust
and demand.
Staff Excellence: Maintained a qualified and dedicatedteam of 10teachers {9fullyqualified)
and 2 maintenance staff, ensuring high-quality education and well-maintained facilities.
Parental Engagement: Strengthened community involvement through an active PTA.
fostering meaningful parent participation in school activities.
Academic Achievements:
Secured secondary school placements for all Grade 7 leavers: 2 at Kazungula
Boarding School 8nd the remainder at Day Secondary Schools in Livingstone or
Mandia Second8ry School.
Achieved a 100 % pass rate for the Grade 7 cohort in 2024, earning a commendation
and special recognition from the Ioc8l authority.
Infrastructure
Classroom Expansion: Constructed 4 new classrooms, replacing a sub-standard block.
bringing the total to 8 fully equipped classrooms. The youngest students successfully
adapted by using the canteen area duringthe transition.
Sanitation Improvements: Built a new toilet and shower block to meet local government
standards an(18ccommodate the growing school population.
Maintenance Excellence: Implemented a proactive maintenance action plan, ensuring
long-term durability of school facilities.
Programmes and Student Support
School Feedlng Programme: Delivered 37,600 nutritious daily meals, improving student
attendance, supporting learning outcomes, and alleviating household food burdens.
Girls. Club: Empowered female students through workshops, mentorship, and life skills
training in leadership, health, education. and gender equality, fostering confident, informed
young women.
Sponsor a Chlld Programme." Provided criticaL support to vulnerable pupils, securing their
education and long-term well-being.
Unlverslty Sponsorshlps.. Supported tertiary education for two former pupils, now studying
Banking & Finance and Business & Marketing, demonstratingthe school's lasting impact on
students, futures.

Grade 8 Sponsorship Programme." Enabled smooth transitions to secondary education for
pupils requiring financial assistance. ensuring continued access to quality schooling.
Challenges
Load Shedding: Limited electricity affected the school pump and water supply. impacting
sanitation and the school garden. To address this, additional water storage has been
installed.
Cholera Outbreak: Schools opened a month laterthan usual due to an outbreak of cholera.
A challengingtime for staff and pupils with difficulties covering the curriculum.
Statf retention and salaries: The school employs fully qualified teachers to ensure high
educational standards. While salaries and allowances are not 8Iw8ys at government rates.
we strive to offer competitive pay to retain skilled staff. This ye8r, three teachers left for
government schools, highlighting the ongoing challenge of retaining good staff to give pupils
the best possibLe education.
D8velopmont and Growth
Future talent: Bridget, a former pupil, returned for a paid internship and plans to pursue an
Early Childhood Diploma. hopefully qualifying as a teacher.
Educatlonal Standards: We remain committed to employing fully qualified teachers to
maintain high educationalstandards, ensuring children in rural areas have access tothe best
possible education.
Garden Expansion: Extra space was allocated by a local farmer, 8llowing an expansion of
the school garden.

This year, the charity did not organise any major fundraising events. However. our long-term
supporters continued to make a significant impactthrough annual initiatives, including multi-day
walking challenges and themed dinners. In addition, the annual fundraising drives raised funds
to enable the pupils to enjoy a Christmas p8rty and a significant contribution towards the feeding
programme.
The Sponsor a Child programme remains central to our fundraising efforts. It helps cover some
of the running costs and supplies. while ensuring that vulnerable children have access to the
education they desenie. Each sponsorship contributes not onlyto the growth and stability of the
Siankaba Community Trust School but also to the long-term futures of these children. Despite
the positive impact this brings. we are strugglingto growthe programme.
As fundraising becomes increasingly challenging, the charity has decided to engage a
professional grantfunding companyto support the prepargtion and submission of funding bids.
The U Foundation's principal aim remains to provide the tools for education and empowerment,
fostering sustainable development in the communities it serves. Its primary focus continues to
be the Siankaba Community Trust School. reflecting 8 long-standing commitment to this
community.
In 2024, 8 major investment was made to rebuild four classrooms, a significant financial outlay.
With the main schooL infrastructure now in place, future efforts and resources will focus on
running costs, ongoing maintenance, and pupil sponsorship. ensuring that the school can
continue to deliver high-quality education and support foryears to come.
Raising fund5 has become increasingly challenging due to rising costs an(J 8 competitive
charitable landscape. Despite this, The U Foundation remains committed to its mission. relying
on the generosity of supporters and the dedication of its trustees to ensure that resources
continue to reach the communities and children who need them most.
Looking ahead, The U Foundation is excited to continue growing its imp8Ct, creating
opportunities for more children and families to thrive, and ensuring that education remains a
powerful toolfor18Sting ch8nge.

Overview
For the reporting period. The U Foundation's income tot8lled £46,936 plus an additional £2.415,
as Custodian Trustees, compared to £92,885 (of which £4,670 was as Custodian Trustees> in the
previous year. Expenditure amounted to £71,448 (plus £2,415 as CustodianTrustees>, compared
to £131,839, which included £4,670 as Custodian Trustees in the previous year. This resulted in
a deficit of £24,512 for the year. The charity's cash reserves stood at £139,933 atyear-end.
Income
General donations were slightly lower than in the previous accounting period. There was a
residual income from the Four Countries eventthe previous year. Otherwise, the charity held no
direct fundraising events. The Sponsor 8 Child programme brought an income of £5587, a slight
reduction on the previous accounting period.
Expenditure
The total expenditure amounted to £71.448, the majority of which relates to grants payable. Of
this, £64,925was paid tothe Siank8b8 CommunityTrust, £44.907 to cover school running costs,
£16,865 towards capit81 expenditure and £3,153 for pupil sponsorship.
In addition to general administration costs {£1,523, including insurance and accountancy), the
only other significant expense was £5,000 for a professional bid writer, engaged to help increase
revenue from other grant funders. The charty administrator's salary and expenses are covered
by a local business, heLping to keep overheads low.
Funds held as ¢ustodlan trustees on behalf of others
Atotal of £2,415 of the income was held byTUF as custodian trustees on behalf of others during
the accounting period. 2775 was received on behalf of Conservation South Luangwa {CSL),
whose mission is 'to work with community and conservation partners in the protection of the
wildlife and habitats of the South Luangwa ecosystem,. As restricted funds, these donations
were communicated to CSL and documented throughout the year. These monies were
transferred atthe end of the accounting period.
£1,640 was received on behalf of Time and Tide Foundation to be ringfenced and held as
restricted funds towards their Kapani School Project in Mfuwe. Time and Tide Foundation 'aim is
to give education to children who would otherwise not be ableto goto school,. These funds were
transferred duringthis accounting period.
10

Independent Examiner's Report
to the Trustees of The U Foundatlon Llmited
I report to the trustees (who are also the directors for the purposes of company law) on the
accounts of The U Foundation Limited for the year ended 31 December 2024, set out in the
following pages.
Respective responsibilities of trustees and examlner
The Charity's trustees are responsible forthe preparation of the accounts. The Charity's trustees
considerthat an audit is not requirecl forthis year (under section 14511 } ofthe CharitiesAct2011)
and an independent examination is needed.
It is my responsibilityto:
Examine the accounts (under section 145(3)(a) of the 2011 Act); to follow the procedures laid
down in the General Directions given by the Charity Commissioners (under Section 145(51(bl of
the 2011Act); and to state whether p8rticular matters have come to my attention.
Basis otthe independent 8xamlners' report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charity
and 8 comparison of the accounts presented with those records. It also includes consideration
of any unusual items or disclosures in the accounts. and seeking an explanation from you as
trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit,
and consequently, I do not express an audit opinion on the viewgiven bythe accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: i) which gives me
reasonable cause to believe th8t in any material respect the requirements to keep accounting
records in accordance with section 130 of the Charities Act 2011; and to prepare 8ccounts which
accord with the accounting records and comply with the accounting requirements of the
Charities Act 2011, have not been met; or
ii) to which, in my opinion, attention should be drawn in orderto enable proper understan(ling of
the accounts to be reached.
JC Re8d BA{Hons) ASIP Dip PFS
JCR Bookkeeping Services
21 Kingsway
Leicester
LE3 2JL
12 September 2025
11

The U Foundatlon Llmited
Statement of Fonancial Activities
forthe year ended 31 December 2024
Notes
2024
2023
Incoming resources
Income from charitable activities and
generated funds
46,936
92,885
Resources expended
Fundraising and direct charitable activitAes
Costs
71,448
131,839
Net incoming resources
24,512
38,954
Other recognised gainsl(losses)
Net incoming resources for the financial
ear
2£512
38,954
12

The U Foundatlon Llmited
Balance Sheet
as at 31 December 2024
The directors are satisfFed that the company is entitled to exemption from the requirement to
obtain an audit under section 477 of the Companies Act 2006 and that members have not
required the companyto obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibility for complying with the requirements of the
Companies Act 2006 with respectto accounting records and the preparation of accounts.
The accounts have been prepared in accordancewith the provisions in Part 1 S of the Companies
Act 2006 applicable to companies subject to the small companies, regime.
Notes
2024
2023
Current assets
Cash at bank and in hand
139,933
165266
Current LAabAlities
Net ellr￿nt assets
139,933
165,266
Net assets
139,933
165266
Reserves
General Accumulated Funds
139,933
165,266
Net funds
139,933
165266
H Chikhlia
Direct4)r
Approved by the board on 12 September 2025
13

The U Foundation Limlted
Notes to the Accounts
for the yoar onded 31 December 2024
1 Accounting policles
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102 Section 1A and the Charities SORP (FRS 102) -"Accounting and Reporting by Ch8rities"
issued by the Charity Commissioners in England and Wales.
Income
All incoming resources, including donations, gifts and grants, are included in the Statement of
Financial Activities when the charity is legally entitled to the income and the amount can be
quantified with reasonable accuracy. Income receivable under gift aid includes the related
income tax recoverable. Investment income comprising interest receivable is included when
receivable.
Expenditure
Expenditure is accounted for on an accrual's basis, inclusive of the irrecoverable VAT, which is
aggregated to the cost to which it relates.
Fund accounting
Funds comprise unrestricted funds which are availabLe for use at the discretion of the directors
in furtherance of the general objectives of the charity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Foreign ¢urren¢les
Assets and Liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate of exchange ruling on the date of the transaction. Exchange differences are taken into
account in arriving atthe operating results.
2. Debtors
2024
2023
Other debtors
(Irrecoverable debtor)
3. Creditors: amounts falling due wlth5n one year
Other creditors
4. Generalfunds
At l January 2023
Surplus(defiat) for the year
Irrecoverable debt (other)
Exchan
e Rate conversion loss
165,266
-24,512
-822
A8 at 31 December 2024
139.932
14

The U Foundatlon Llmlted
Income and Expenditure Account
forthe year ended 31 December 2024
2024
2023
Incomin
Resources
Resources Ex
nded
46,936
n,448
92,885
131,839
Net Incomin
Resources
24,512
38,954
The U Foundation Llmlted
Schedule to the Income and Expenditure Account
for the year ended 31 December 2024
2024
2023
Incoming Resources
General Donations (note l)
Fund Taising events (note 2)
Bank interest
41.760
3,213
1,9&3
46,936
47,349
39,250
1,616
88.215
Other income as Custodian Trustees
Time & Tide
1,640
775
3,020
1,650
CSL
Re8OUTces Expended
Fundraising activities (note 3)
Grants payable (note 4)
Accountancy and administration fees
Bank charges
Jnsuran
19,155
106.265
69
64,925
89
234
114
577
895
Bid Writing
Enthuse Online Charges
Misc (WebsitenD
5,000
479
360
144
311
71.448
127,169
Other Expendxture as Custodlan Trustees
Time & Tide
3,020
1,650
CSL
775
15

The U Foundation Limited
Schedule to the Income and Expenditure Account
forthe year ended 31 December 2024
2024
2023
Note I . General Donations
Donations received
Gift Aid income tax
Sponsor a Child
Online Platform sales
Siankaba
8,381
834
23,732
9,038
5,766
312
5,587
127
22,310
4,006
515
5,451
Siankaba Xmas
Calendars
374
41.760
47.349
Other Income received as Custodian Trnstees
Time & Tide
3,020
1,650
£670
CSL
775
1415
Note 2 . Fundraising Events
Four Countsies
3,213
39,250
39.250
Note 3 . Fundraising ActivitÈe8
Four Countrie5
19,155
Note 4: Grants payable
Siankaba Community Trust- General running costs
Siankaba - Capital Expenditure
2024
2023
44,907
16,865
37,030
55,686
Siankaba- Pupil Sponsorship
3,153
2,553
10,996
106,265
Mfuwe- Bore Hole
64,925
16