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← Utulivu Womens Group

2024-05-31-accounts

Registered Charity Number 1118448

UTULIVU WOMENS GROUP

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR END 31 May 2024

UTULIVU WOMENS GROUP

CONTENTS

FOR THE YEAR ENDED 31 May 2024

REFERENCE AND ADMINISTRATIVE INFORMATION....................................................................3 TRUSTEES' REPORT................................................................................................................................4 INDEPENDENT EXAMINER'S REPORT................................................................................................5 STATEMENT OF FINANCIAL ACTIVITIES..........................................................................................6 BALANCE SHEET.....................................................................................................................................7 NOTES TO THE FINANCIAL STATEMENTS........................................................................................8

UTULIVU WOMENS GROUP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 May 2024

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 May 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1118448

Principal Office

555 Northumberland Avenue Reading RG2 8NX

Trustees

The following trustees served during the year: J.Kihika L. Mshila A.Mukwamatapa R. Mwanje L. Obure E. Onduso

Independent Examiners

Johnson M Kirkland Hyson Green Youth Club Terrace Street Nottingham NG7 6ER

Bankers

Barclays 90-93 Broad Street Reading RG1 2AP

OBJECTIVES AND ACTIVITIES

Promoting healthy living through workshops/seminars and trainings. Welcoming and supporting women and their families from abroad. Workshops on education for both women, young people and men. Enhancing social networks through outings, picnics, holidays and exchange programmes. Empowering children/young people through drama, music, poetry etc. Promoting cultural awareness. Providing volunteering opportunities.

It has been another year of progress that as Utulivu refers to as ‘Season of Growth’ –a busy but gratifying one for our small and creative team. As a grassroot organization, we reflect on the journey and together. passionately celebrate the change we seek and continue to be in our communities. This in many ways continue to help us focus on our vision and as the saying goes, ‘If you don’t know where you have come from, you won’t know where you are going.

UTULIVU WOMENS GROUP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 May 2024

Trustees' Annual Report 2023-2024

Utulivu has continued to grow from strength to strength in the delivery of their vision and the mission of empowering women & girls, young people, the seniors and with the support of men. With the support of the funders and great partners, this was made easier as we embarked on innovation, learning, connection, and collaboration. This was especially important as we marked 20years of our impactful work in the community during which time we have supported families and individual grow, flourish, and thrive.

We intentionally and with great dedication worked in ways that helped us and our communities:

Our work continued to be underpinned by the model below

The delivery of the above model has been enabled by the support of the funders with the financial resource show below.

FINANCIAL REVIEW

Utulivu women's group has had a considerable success in securing funding for ongoing and future projects.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Utulivu women's group is led by board of trustees who meet every two months and are responsible for the strategic directions and policies of the charity.

UTULIVU WOMENS GROUP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 May 2024

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees.

L.Obure Trustee(Treasurer) 12 March 2025

UTULIVU WOMENS GROUP

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 May 2024

Independent Examiner's Report to the trustees of UTULIVU WOMENS GROUP

I report to the trustees on my examination of the financial statements of UTULIVU WOMENS GROUP for the year ended 31 May 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

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 financial statements to be reached.

Johnson M Kirkland Hyson Green Youth Club Terrace Street Nottingham NG7 6ER

14 March 2025

UTULIVU WOMENS GROUP

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 May 2024

Recommended
categories by activity
Notes
Incoming resources
Income and
endowments from:
Donations and legacies
2
Charitable activities
3
Total
Resources expended
Expenditure on:
Charitable activities
4
Other
6
Total
Net
income/(expenditure)
before investment
gains/(losses)
Net
income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
£
Restricted
income funds
£
Total Funds
2024
£
Total Funds
2023
£
6,770.00
135,559.00
142,329.00
126,095.94
3,657.34
-
3,657.34
5,885.00
10,427.34
135,559.00
145,986.34
131,980.94
16,122.00
154,661.70
170,783.70
140,611.30
-
359.30
359.30
461.67
16,122.00
155,021.00
171,143.00
141,072.97
(5,694.66)
(19,462.00)
(25,156.66)
(9,092.03)
(5,694.66)
(19,462.00)
(25,156.66)
(9,092.03)
(5,694.66)
(19,462.00)
(25,156.66)
(9,092.03)
28,654.35
9,712.80
38,367.15
47,459.18
22,959.69
(9,749.20)
13,210.49
38,367.15

UTULIVU WOMENS GROUP

BALANCE SHEET

FOR THE YEAR ENDED 31 May 2024

Recommended
categories by activity
Notes
Fixed assets
Tangible assets
7
Total fixed assets
Current assets
Debtors
8
Cash at bank and in hand
9
Total current assets
Creditors: amounts
falling due within one
year
10
Net current
assets/(liabilities)
Total assets less
current liabilities
Total net assets or
liabilities
Funds of the Charity
Unrestricted funds
11
Restricted income funds
11
Endowment funds
11
Total funds		 Unrestricted
funds
£
Restricted
income funds
£
Total Funds
2024
£
Total Funds
2023
£
-
256.66
256.66
268.33
-
256.66
256.66
268.33
-
78.00
78.00
160.00
13,444.40
13,444.40
39,693.33
13,444.40
78.00
13,522.40
39,853.33
-
580.24
568.57
1,754.51
13,444.40
(502.24)
12,953.83
38,098.82
13,444.40
(245.58)
13,210.49
38,367.15
13,444.40
(245.58)
13,210.49
38,367.15
22,959.69
22,959.69
28,654.35
(9,749.20)
(9,749.20)
9,712.80
-
-
22,959.69
(9,749.20)
13,210.49
38,367.15

The financial statements were approved by the Board on 12-Mar-2024 and signed on its behalf by:

Lorna Obure Trustee

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

1 Accounting Policies

1.1 Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.2 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

1.3 Going concern and reserve policy

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The trustees consider that a level of three months is sufficient given the flexibility afforded by the total return approach towards the investment of the permanent endowment which allows trustees to transfer amounts from the unapplied total element of the endowment fund in the case of urgent need.

1.4 Changes to accounting estimates

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
Income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations & gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable
and material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
Expenditure cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising
raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance costs These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

Taxation

The charity is exempt from tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount

offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities, and services

All donated goods, facilities and services received are recognised within incoming resources. and expenditure at an estimate of the value to the charity.

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

2 Income from Donations and Legacies

Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds
2024		 Total funds
2023
Analysis £ £ £ £ £
General grants
provided by 6,770.00 135,559.00 - 142,329.00 126,095.94
Government/other
charities
6,770.00 135,559.00 - 142,329.00 126,095.94
3 Income from Charitable Activities
Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds
2024		 Total funds
2023
Analysis £ £ £ £ £
Sale of service 3,657.34 - 3,657.34 3,657.34 5,885.00
3,657.34 - 3,657.34 3,657.34 5,885.00

3 Income from Charitable Activities

4 Expenditure on Charitable Activities

Analysis
Accountancy & Professional Charges
Advertising and marketing
Awareness raising & Engagements
Office Expenses
Employee Costs
Subcontractors & Freelancers
Training Costs
Travel & Accommodation		 Total 2024
Total 2023
£
£
5,181.00
19,467.98
1,000.00
13,798.39
16,763.00
14,715.00
2,076.00
8,757.87
112,583.54
76,471.80
25,542.46
5932.76
4,210.00
1,032.50
3787
435
171,143.00
140,611.30

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

5 Support Costs

Total funds 2024 Total funds 2024 Total funds 2023
Analysis £ £
Governance Costs
Independent Examiner’s fees 750.00 1,200.00
750.00 1,200.00
6 Other Expenditure
Unrestricted Restricted Endowment Total funds Total funds
funds income funds funds 2024 2023
Analysis £ £ £ £ £
Depreciation Charge for
the Year - Computer - 11.67 - 11.67 11.67
Equipment
Insurances - 347.63 - 347.63 450.00
- 359.30 - 359.30 461.67

6 Other Expenditure

7 Tangible Fixed Assets

7.1 Cost or valuation

At 01 June 2023
Additions
Disposals
Revaluations
Transfers
At 31 May 2024		 Computer Equipment
£
-
268.33
-
-
-
268.33

7.2 Amortisation and impairments

Computer Equipment

£

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

At 01 June 2023
Additions
Disposals
Revaluations
Transfers
At 31 May 2024		 -
11.67
-
-
-
11.67

7.3 Net book value

At 01 June 2023
At 31 May 2024		 Computer Equipment
£
268.33
256.66

8 Debtors: Amounts falling due within one year

Total funds 2024 Total funds 2023
£ £
Other debtors 78.00 160.00
78.00 160.00

9 Cash at bank and in hand

Total funds 2024 Total funds 2023
£ £
Cash at bank and on hand 13,444.40 39,693.33
13,444.40 39,693.33
10 Creditors: Amounts falling due within one year
Total funds 2024 Total funds 2023
£ £
Accruals and deferred income 1,582.00 1,200.00
Taxation and social security 125.94 181.08
Other creditors - 373.43

UTULIVU WOMENS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

1,707.94 1,754.51

11 Charity funds

11.1 Details of material funds held and movements during the CURRENT reporting period

Fund names
Unrestricted funds
Unrestricted General
Funds
Restricted income
funds
Total		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
361.00
-
-
-
-
361.00
28,293.35
10,427.34
(16,122.00)
-
-
22,598.69
9,712.80
135,559.00
(155,021.00)
-
-
(9,749.20)
38,367.15
145,986.34 (171,143.00)
-
-
13,210.49

11.2 Details of material funds held and movements during the PREVIOUS reporting period

Fund Fund
Fund names balances
brought		 Income Expenditure Transfers Gains and
losses		 balances
carried
forward forward
£ £ £ £ £ £
Unrestricted funds
(3,644.00) 5,000.00 (995.00) - - 361.00
Unrestricted General
Funds		 28,293.35 - - - - 28,293.35
Restricted income
funds
22,809.83 126,980.94 (140,077.97) - - 9,712.80
Total 47,459.18 131,980.94 (141,072.97) - - 38,367.15