REGISTERED COMPANY NUMBER: 05550982 (England and Wales)
REGISTERED CHARITY NUMBER: 1120326
Report of the Trustees and
Financial Statements
for the Year Ended 30 September 2024
for
ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Pembroke Briggs Chartered Accountants
1 a The Quadrant Courtyard
Quadrant Way
Weybridge
Surrey
KT13 8DR

ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Contents of the Financial Statements
for the Year Ended 30 September 2024
Page
Report of the Trustees
1 to 10
Independent Examiner's Report
11 to 12
Statement of Financial Activities
13
Balance Sheet
14 to 15
Notes to the Financial Statements
16 to 17

ETHIOPIAN WOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Companylcharity Name
Ethiopian Women's Empowerment Group
Company Registration Number
05550982
Charity Registration Number
1120326
Registered office and operational address
Office 8. 7 Thorpe Close W10 5XL
DirectOrs￿rUsteeS
Natan Daniel
Tabassam Shabbir
Asha Hussen
Senait Shigute
Hafsa Muhammed (appointed 15 September 20241
Independent Examiner
Stephen Briggs ACA
Pembroke Briggs
Chartered Accountants
la The Quadrant Coutyard
Quadrant Way, Weybridge
Surrey, KT13 BDR
Bankers
Lloyds Banking
21-25 King Street
London
W6 9HW

ETHIOPIANWOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
Acknowledgements
We would like to express our sincere gratitude to all our partners, funders, Staff, volunteers,
and supporters who have contributed to the success of our work. Your dedication and
collaboration enable us to continue making a positive impact in the lives of those we serve.
Thank you for your ongoing support.
We would like to give special thanks to the following funders who generously provided grants
during the financial year:
I. BME Health Forum
2. City Bridge Trust
3. Trust for London
4. Kensington and Chelsea Foundation
Without their financial support, we would not have been able to deliver the full range of
services we offer. Their contribution has been invaluable in helping us achieve our mission and
continue making a positive impact in the community. We are deeply grateful for their
partnership and commitment to our work.
Report of the Directors
The trustees present their annual report and the financial statements for the year ended
September 2024. The financial statements have been prepared in accordance with the
accounting policies outlined within the statements and comply with EWEG'S governing
document, the Companies Act 2006, and the Accounting and Reporting by Charities:
Statement of Recommended Practice ISORP), which 15 applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard {FRS 102) effective from I
January 2019. This ensures that the financial statements accurately reflect the organisation's
financial position and activities in line with regulatory requirements.
Objectives
l. To advance the education and training of Ethiopian and other women in need. To
advance education and training of Ethiopian and other women who are in need, by
the provision of training, advice and support.
2. To preserve and protect the physical and mental health of Ethiopian and otherwomen
by the provision of information and advice.
3. The relief of sickness, poverty, financial hardship and the preservation of health of
women and children in Ethiopia by the provision of information, advice, training
support and facilities.

ETHIOPIAN WOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
Achievements
The core funding provided stability forthe organisation, allowing usto implement ourstrategy
and strengthen both our financial and administrative system5, a5 well as our strategic
communications. This funding has been vital in ensuring the continuity of our work, enabling
us to maintain staff salaries and continue providing essential services. Core staff have also
played a key role in the ongoing development and operation of the organisation.
We have focused on enhancing our monitoring, evaluation, and data collection practices,
testing new approaches to capture and reflect on the impact of our work. Additionally, we
have successfully recruited new volunteers, further expanding our capacity and resources.
A strategic away day was held with our staff team and board of trustees, resulting in a review
and update of our strategy for 2024-2029. This update considers internal changes in our
operations and the evolving external context in which we work.
Thanks to core funding, our Directors and Staff Team have continued to build strong alliances
and partnerships, ensuring that we remain well-positioned to respond to emerging challenges
and maximise our impact.
Trust for London has funded us to provide vital advice and information for women who need
assistance with form filling, as well as guidance on housing and benefit-related issues. Through
this support, we have been able to assist 221 women, helping them navigate complex
processes and access the resources they need to improve their circumstances. This funding
has been essential in ensuring that these women are better equipped to manage their
housing, financial, and legal challenges.
City Bridge Trust has provided funding for the CEO'S salary to enhance our organisation's
capacity. This support has allowed us to focus on Strengthening our governance and working
towards renewing our Advice Quality Standard IAQSI accreditation. With this funding, we are
improving the overall effectivenes5 and quality of our services, ensurin8 we continue to
provide high standards of support to the women and families we serve.
BME Health Forum is working in partnership with EWEG to address and reduce health
inequalities in Northwest London. Together, we have advocated for and supported 45 women
in accessing both primary and secondary healthcare services. This collaboration has been
instrumental in ensuringthatthese women receive the necessary healthcare support, helping
to bridge gaps in access and improve their overall health outcomes.
The Kensington and Chelsea Foundation provided funding to support a part-time staff
member, which significantly contributed to strengthening our administrative capacity. This
additional support allowed us to improve the efficiency of our day-to-day operations and
played a key role in securing extra funding. As a result, we were able to enhance our
governance structures and update our policy and procedural frameworks, ensuring that EWEG
continues to operate with transparency, accountability, and effectiveness.

ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Report oftheTrustees forthe Year Ended 30 September2024
Volunteering programs
We have successfully recruited six volunteers from various prestigious universities, including
the London School of Economics ILSEI and the University College London (UCL), to
strengthen the capacity of our organisation. These volunteers have developed valuable skills
in administration, fundraising, communications, and support services. In addition, we have
provided training sessions aimed at cultivating coordination skills and promoting collective
action, with a particular focus on punctuality, confidentiality, safeguarding, boundaries, and
respect.
EWEG has maintained strong partnerships with institutions such as the London School of
Economic5 and Political Science ILSE), University College London (UCL), Birkbeck University,
and Team London to recruit dedicated volunteers. These volunteers enhance their abilities in
fundraising, administration, logistics, and communications, while also undergoing essential
training on their roles, responsibilities, confidentiality, professional boundaries, and working
with vulnerable clients. Volunteers are encouraged to set personal goals, reflect on their
experiences, and explore ways to contribute their skills to the wider community. In return,
EWEG offers additional training opportunities through courses provided by our partner
organisations, helping to build a strong, well-equipped volunteer workforce committed to
advancing our mission.
Advice and Information Project Activities
As part of the Advice and Information Project activities, we provided tailored one-to-one
support to 24 women facing a range of challenges, including housing evictions, utility bill
arrears, overcrowding, homelessness, and job searches. Each woman received personalised
advice and practical assistance suited to her individual circumstances. As a result, several
secured alternative accommodation5, Others managed utility bill debt through affordable
repayment plans and accessed additional financial support, and some were able to resolve
overcrowded living conditions through successful house swaps. This 5UPPOrt has had a
meaningful impact, improving both immediate living situations and long-term stability for
those involved.
Group information session included:
Universal Credit guidance
Form filling assistance
Homelessness applications
Attendance allowance information
Personal Independence Payment Advice
Updates on Universal Credit changes
The Coffee Morning Program (12 women)
This offered a welcoming plarform for BME women to socialise, make friends, and
access valuable information in a supportive environment. Over the past year,

ETHIOPIANWOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
participants have attended weekly sessions, where they have gained essential
knowledge on topics such as housing, benefits, and available services. Feedback from
participants indicates that the program has helped many BME women build stronger
local connections, improve their emotional well-being, and share useful information
with others in their community. The program has not only fostered friendships but
also empowered women with the resources and sUPPOrt they need to navigate
various challenges.
Cooking Class {22 adults and children)
Our cooking classes are designed to teach women from BME (Black and Minority
Ethnic) communities how to prepare and enjoy healthy, nutritious meals. Participants
learn essential skills such as reading food labels, shopping effectively, and maintaining
a balanced diet that includes all key macronutrient5 proteins, carbohydrates, fibre,
and fats. The initiative also involves children aged eight and older, fostering an early
interest in healthy eating and cooking. Feedback from participants suggests that these
classes have led to improved family health, as well as strengthened the bond between
parents and children, with families enjoying cooking together and making more
informed food choices.
Self-Employment Workshop in collaboration with North Kensington job centre plus {17
women)
This program focused on the rights and responsibilities associated with self-
employment, including tax obligations, the impact on Universal Credit, and how to
evaluate personal strengths and weaknesses. The workshop was particularly benefi'cial
for single-parent families, as feedback indicated it successfully addressed concerns
regarding how self-employment affects Universal Credit entitlements. In addition, it
provided valuable guidance on business planning and accessing loan funding for
essential repairs and improvements, such as heating systems, sanitation, electrical
wiring, and ventilation. The session not only clarified fi'nancial and legal considerations
but also empowered participants to better manage their self-employment ventures
and improve their business infrastructure.
Health Advocacy Programme (43 women)
As part of the Health Advocacy programme, we ran a Glaucoma workshop, with the
NHS, where participants learned about the signs and symptoms of glaucoma and the
importance of annual eye screenings. The facilitator emphasised that individuals with
a family history of glaucoma should undergo regular screenings to detect any early
SIEns of the condition. This workshop helped raise awareness about eye health and
encouraged participants to take proactive steps in safeguarding their vision through
regular check-ups and screenings.
Oral Health
In collaboration with the NHS, we delivered an Oral Health workshop aimed at
educating women on the importance of maintaining good oral hygiene. The facilitator

ETHIOPIANWOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
provided valuable information on how regularvisits to the dentist can help protect and
improve oral health. Participants learned about the significance of proper brushing
techniques, the benefits of routine check-ups, and the impact of oral health on overall
wellbeing. The workshop encouraged women to take proactive steps in caring fortheir
teeth and gums, emphasi5ing the role of prevention in maintaining long-term oral
health.
Cost of Living Workshop (15 women)
We held a collaborative Cost of Living Workshop in partnership with North Kensington
Job Centre Plus, designed to 5UPPOrt local residents in managing the growing financial
pressures caused by the rising cost of living. The workshop provided practical
information and guidance on key areas such as accessing local food banks, applying for
emergency financial support through council funds, and adopting strategies to reduce
everyday household bills. It a150 created a space for resident5 to ask questions and
share experiences, helpingto build a stronger sense of community support. As a result,
participants reported a noticeable improvement in their understanding of available
resources and felt more confident in acce55in8 the help they need to manage their
financial situations more effectively.
Telephone Advice Provision (37 women)
As part of our commitment to accessibility, we offered telephone advice to women
unable to attend our offi'ce due to childcare responsibilitie5, age, or disability. This
service provided personalised guidance on housing, benefits, and other local
resources. As a result, many women saw an improvement in their financial
circumstances- some successfully applied for grants, others accessed disability
benefits, and several were supported in registering for housing applications. The
telephone advice helped remove barrier5 and ensured women received the support
they needed to improve their stability and independence.
Universal Credit Workshop (28 women)
We delivered a dedicated workshop focused on key aspects of Universal Credit,
covering eligibility criteria, the different components of the benefit, how to report
changes in circumstances, while on Universal Credit, and tips for managing monthly
payments. The session was especially benefi'cial for new claimants, many of whom
were unfamiliar with the system. Participants reported a clearer understanding of their
rights and responsibilities, particularly around how reporting changes can affect their
entitlement. The workshop equipped attendees Wlth the knowledge and confidence
to better manage their claims and avoid potential issues.
Green Doctors Collaboration (11 women)
Green Doctors provided valuable supportto women 5trugglingwith high winter energy
bills by offering 25 winter warmth kits and financial assistance. In addition to this
practical help, they offered energy-saving advice to reduce household consumption
and costs. The team also advocated on behalf of the women, helping them navigate

ETHIOPIANWOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
complex energy-related issues and ensuring they received the support they were
entitled to. This service was crucial in helping many manage the financial strain during
the colder months, while also empowering them with the knowledge tu lower their
energy usage in the long term.
Domestic Violence and Homelessness (27 women)
We provided essential information to women experiencing domestic abuse, focusing
specifically on their housing options and the support available to them if they faced
homelessness as a result. This guidance was crucial in raising awareness of the various
resources and Services accessible to women in such circumstances, helping them
understand their rights and available pathways to safety and stability. By ensuring that
women had a clear understanding of the support available, they were empowered to
make informed decisions and take the necessary steps towards securing their safety
and wellbeing. As a result, women reported increased awareness and a better
understanding of the opts'ons they could pursue, enabling them to take informed steps
toward securing their safety and wellbeing.
Housing Disrepair Information Session (18 women)
This session educated participants on how to report housing disrepair to landlords,
explained reasonable timeframes for repairs, and clarified the respective
responsibilities of landlords and tenants concerning maintenance issues such as
infestations and mould. As a result of this workshop, Shelter were able to advocate on
behalf of women living in homes with severe mould and damp issues. In response, the
council took serious action and arranged forthe homes of those families to be cleaned
and repaired, signifi'cantly improving their living conditions. The workshop not only
empowered participants with vital knowledge but also helped drive tangible
improvements in housing conditions for those in need.
Home Vislt (8 women)
We conducted home visits to support 8 women who needed assistance with
completingforms and advocacy. Duringthese visits, we explored their housing options
and reviewed their care plan5, offering support in areas such as contacting GPS for
medical reports required for benefit applications, particularlyforth05e facing language
barriers. Additionally, we helped women access services tailored to their needs,
including arranging bathroom adaptations for individuals with mobility challenges
through age care services. These visits provided essential support, empowering
women to navigate complex systems and enhancing their quality of life and
independence.
Outreach Activities (54 leaflets distributed)
Our outreach activities focused on engaging with schools, community events, open
days, and local meetings to introduce our services to a wider audience. By actively
participating in these community spaces, we were able to strengthen relationships
with local organisations and raise awareness of the support we offer. These efforts also

ETHIOPIAN WOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
led to increased referrals of new women to our group activities, ensuring that more
individuals could benefit from the services and resources we provide. Through these
connections, we were able to build a stronger sense of community and support for
those in need.
Campden Charity
Provided financial support and bursaries to young people, helping them pursue
education, training, and employment opportunities while also supporting the wider
needs of their families. In doing so, they encouraged personal development and
improved long-term prospects. Additionally, they shared information about a partner
charity offering similar support and we referred individuals and organisations to their
service5, ensuring access to a broader network of resources.
Structure, Governance, and Management
EWEG was established in 2003 with the mission of supporting BME women, particularly those
who face barriers in accessing mainstream services due to language challenges, lack of
confidence, and illiteracy. Since it5 inception, the organisation has focused on empowering
these women by providing tailored support and services that address their unique needs.
Partnerships
Reserve Policy: The Trustees have established a reserve policy aimed at ensuring that EWEG'S
core activities can continue during period5 of unforeseen difficulty. The reserve policy ensures
that funds are set aside to safeguard the organisation's stability in challenging times.
As most of EWEG'S funding is restricted in nature, the restricted funds will be treated
accordingly. To achieve the reserve target, EWEG will focus on increasing fundraising efforts,
generating additional income through donations, and reducing expenditures where possible.
EWEG has committed to allocating £150 per month towards the reserve fund, which amounts
to £1,800 per year. This allocation will come from unrestricted funds, ensuring the
organisation maintains financial resilience and can continue to meet its objectives even in
times of uncertainty.
Stronger Relationships.. Expanding Our Community and Voluntary Sector Network
Over the past year, we have significantly strengthened our relationships with local partners,
enhancing both service delivery and community engagement.
North Kensington Job Centre Plus: Our partnership now supports referra15 for
employment advice and training and includes co-delivery of workshops on self-
employment and Universal Credit.

ETHIOPIAN WOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
Shelter: We continue to collaborate on workshops covering housing rights,
homelessness, and disrepair, along with providing one-to-one advocacy for those at
risk of eviction.
Kensington and Chelsea Social Council (KCSC): KCSC provides essential policy updates,
funding news, and free training, supporting the ongoing development of our staff and
volunteers.
Health & Wellbeing Partners: Collaborations with NHS Central London Community
Healthcare and Glaucoma UK have enabled us to deliver workshops on oral health and
glaucoma awareness, improving access to health information.
Other Key Partners: We've also worked with Green Doctors, RBKC Housing Strategy
Consultations, Westway Development Trust, Bay 20, and the BME Health Forum-
expanding our reach, accessing venue support, and offering practical resources such
as energy consultations and financial relief.
These strengthened partnerships have improved communication, increased resource access,
and enhanced our organisation's Sustainability, ensuring continued support for our
community through a strong service network.
Future Plans
Continued Implementation: We will continue to implement our strategy, which builds on the
progress made and adapts to emerging needs. Our focus will remain on strengthening our
network both locally and nationally, fostering collaborations that enhance the impact of our
services.
Fundraising efforts will be. a key priority as we aim to secure the necessary resourcesto sustain
and expand our services. Additionally, we are committed to working towards obtaining the
Advice Quality Standard {AQS) to further improve the quality of our advice services.
We will continue to strengthen our organisational infrastructure, focusing on improving our
monitoring and evaluation practices. To support this growth, we will fundraise to increase
both staff and organisational capacity, ensuring that we are well-equipped to meet the needs
of the communities we serve.

ETHIOPIAN WOMEN'S EMPOWERMENTGROUP
Report of the Trustees for the Year Ended 30 September 2024
STATEMENT ASTO DISCLOSURE TO OUR INDEPENDENT EXAMINERS
In so far as the trustees are aware at the time of approvingthe trustees. annual report:
There is no relevant information of which the charitable company's independent
examiners are unware, and
The trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the independent
examiners are aware of that information.
INDEPENDENT EXAMINERS
Stephen Briggs of Pembroke Briggs Chartered Accountants will be proposed for re-
appointment attheforthcomingAnnu8L General Meeting.
Approved bythe Management Committee on and signed on behaLf ofthe Management:
111061
Tabbasam Shabbir
Trustee
Date
Natan Daniel
Trustee
Date
10

Independent Examiner's Report to the Trustees of
Ethiopian Women's Empowerment Group
Independent examiner's report to the trustees of Ethiopian Women's Empowemient
Group ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the
year ended 30 September 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of
company law) you are responsible for the preparation of the accounts in accordance with
the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in
respect of my examination of your charity's accounts as carried out under section 145 of
the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Page11

Independent Examiner's Report to the Trustees of
Ethiopian Women's Empowerment Group
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section
386 of the 2006 Act; or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a true and fair view
which is not a matter considered as part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles
of the Statement of Recommended Practice for accounting and reporting by charities
(applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Stephen Briggs ACA
Pembroke Briggs Chartered Accountants
1 a The Quadrant Courtyard
Quadrant Way
Weybridge
Surrey
KT13 8DR
12-06-3oa5
Date:
Page 12

Ethio
ian Womens, Em
owerment Grou
Statement of Financial Activities
for the Year Ended 30 Se
tember 2024
Notes
ilnrestrirted
Fund5
Re5trirted
Funds
Total Funds
2024
Total Funds
2023
INCOME AND ENDOWMENTS FROM:
Income from charitable activities
BME Health Forum
City Bridge
City of London
Hammersmith United Charities
Kensington and Chelsea Foundation
People's Health Trust
The Health Forum
The Co-op
Trust for London
Interest received
16,650
6,900
16,650
6,900
6.000
3,450
500
9.944
1,410
9,944
5.910
4,500
14.780
6,750
1,261
30,000
77
30,000
30,000
392
392
TOTAL
4.892
64,904
69,796
62,818
EXPENDITURE ON:
Expenditure on charitable activities
5alaries/ENIC
Volunteers, expenses
Sessional & outreach workers
Mentoring & community activities
Eventslchildcare
Coffee mornings
Room hire
Consultancy
Office rent
Operational costs
Communication & website
Independent Examiner's fee
45,299
1,445
19,112
213
385
881
45,299
1,445
19,112
213
385
881
2,637
5,270
1,752
2,446
800
1,038
46,066
4,024
9,751
500
975
1,345
1,662
3,925
1,752
1,528
800
42
2,275
5,586
3,672
4,994
918
996
996
TOTAL
4,234
77,044
81,278
77,864
INCOMEIIEXPENDITUREI
658
12,140
11,482
15,046
TRANSFERS BETWEEN FUNDS
658
12,140
11,482
15,046
NET MOVEMENT IN FUNDS
658
12,140
11,482
15,046
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
20,032
63,436
83,468
98,514
TOTAL FUNDS CARRIED FORWARD
20,690
51,296
71,986
83,468
The note5 form part of these financial statements
Page 13

Ethio
ian Womens, Em
owerment Grou
{Reglstered Number: 05550982)
Balance Sheet
asat30Se
tember 2024
Unrestricted Restricted Total Funds
Funds
Funds
30.09.24
Total Funds
30.09.23
Notes
FIXED ASSETS
Tangible assets
CURRENT ASSErs
Debtors & prepayments
Cash at bank and in hand
20,690
20,690
51,296
51.296
71,986
71,986
83.468
83,468
CURRENT LIABILITIES
Creditors
NET CURRENT ASSETS
20,690
51,296
71,986
83,468
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,690
51.296
71,986
83,468
NET ASSETS
20,690
51,296
71,986
83,468
FUNDS
Unrestricted funds
Restricted funds
20,690
20,690
51,296
20,032
63,436
51,296
20,690
51,296
71,986
83.468
The note5 torm part of these financial statements
Page 14
Continued

ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Balance Sheet - continued
30 September 2024
The charitable company is entitled to exemption from audit under Section 477 of the
Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements
for the year ended 30 September 2Q24 in accordan￿ with Section 476 of the Companies
Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with
Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of
the charitable company as at the end of each financial year and of its surplus or
deficit for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions
applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue
on...L,l.I n61.1:..i(
and were signed on its behalf by:
T Shabbir - Trustee
N Daniel - Trustee
The notes form part of these financial statements
Page 15

ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Notes to the Financial Statements
for the Year Ended 30 September 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity
under FRS 102, have been prepared in accordance with the Charities SORP {FRS
102) '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 2015),, Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
The charitable company meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction
values unless otherwise stated in the relevant accounting policy or note.
Income
Income, including income from government grants, whether 'capital' or 'revenue', is
recognised when the charity has entitlement to the funds, any performance
conditions attached to the income have been met, it is probable that the income will
be received and that the amount can be measured reliably.
Grants are credited to income when they are receivable, unless they are for activities
relating specifically to a future period, in which case they are deferred to that period.
Income re￿1vable under contracts for services is recognised in the financial
statements in proportion to the percentage of completion of the contract.
Donated professional services and facilities are recognised as income when the
charity has control over the item or received the service, any conditions associated
with the donation have been met, the receipt of economic benefit from the use by the
charity of the items is probable and that the economic benefit can be measured
reliably in accordance with the Charities SORP (FRS 102), volunteers time is not
recognised so refer to the trustees, annual report for more information about their
contribution.
On receipt, donated gifts, professional services and donated facilities are recognised
on the basis of the value of the gift to the charity, which is the amount the charity
would have been willing to pay to obtain services or facilities of equivalent economic
benefit on the open market, a corresponding amount is then recognised in
expenditure in the period of receipts.
Page 16

ETHIOPIAN WOMEN'S EMPOWERMENT GROUP
Notes to the Financial Statements - continued
for the Year Ended 30 September 2024
ACCOUNTING POLICIES- continued
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a
payment to a third party, it is probable that settlement will be required and the
amount of the obligation can be measured reliably. Expenditure is classified under
the following activity headings:
Costs of raising funds comprise of trading costs and the costs incurred by the
charitable company including third parties with a fundraising purpose.
Expenditure on charitable activities includes the costs of delivering services and
other activities undertaken to further the purposes of the charity and their associated
support costs. Where the costs cannot be directly attributed, they have been
allocated to activities on a basis consistent with their use of resources.
Other expenditure represents those items not falling into any other headings.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure
was incurred.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the
discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects
of the charity. Restrictions arise when specified by the donor or when funds are
raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes
to the financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charitable
Company's ability to continue as a going concern. The trustees do not consider that
there are any sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amount of assets and
liabilities within the next reporting period.
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