Charity number: 1124720
Umoyo Community Project
Trustees' report and financial statements for
the year ended 30 September 2023
Umoyo Community Project
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 10 |
Umoyo Community Project
Legal and administrative information
Charity number 1124720 Business address 149 Upper Richmond Road London SW15 2TX Miss Sarah Mtonga Trustees Mr Nigel Buchanan Murray Mr Paul Edward Dunne Mr Geoffrey Caryl Waterhouse Ms Sarah Ohwee Amon (FCCA) The Co-Operative Bank Plc Bankers P.O. Box 250 Skelmersdale WN8 6WT
Page 1
Umoyo Community Project
Report of the trustees
for the year ended 30 September 2023
The trustees present their report and the financial statements for the year ended 30 September 2023. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The governing instrument of the Charity is constituted under a trust deed dated April 2008 as amended on 27 November 2017.
The day to day operation of the Charity is controlled and managed by the Trustees.
Risk Management
The Trustees examines the major risks that the charity faces each financial year when preparing and updating the strategic plan. The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity and are satisfied that systems and controls are in place to mitigate any impact that they may have on the charity.
Objectives and activities
The principal objectives of the charity are for the benefit of the Public and:
To relieve poverty and sickness, preserve and protect good health and advance education in particular children and their guardians and carers in Africa and Malawi.
Achievements and performance
Umoyo Community Project undertook the building of a library and office block with solar power at Mkama Primary School in Njebwa, Malawi. This was alongside our usual annual commitment to support XX school and xx college students. The construction began in January 2023 and was complete by June 2023. The charity also responded to a food shortage crisis in the country in jul 2023by funding a short term feeding programme within the primary school specifically for pupils.
Financial review
The attached financial statement shows the current state of financial affairs, which the Trustees consider to be satisfactory. The net outgoing resource for the year, which were mostly unrestricted funds, amounted to £9,866. This was added to the net reserve brought forward of £29,115. The total reserve carried forward is £19,249.
Donations and legacies are the main sources of income.
Plans for future period
The policies and purposes of the Trust shall continue under the provisions of the Trust deed with regards to the public benefit.
Page 2
Umoyo Community Project
Report of the trustees
for the year ended 30 September 2023
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
.................................
Ms Sarah Ohwee Amon (FCCA)
Trustee Date: ..... 26th August 2024 ................................
Page 3
Umoyo Community Project
Independent examiner's report to the trustees on the unaudited financial statements of Umoyo Community Project.
I report on the accounts of Umoyo Community Project for the year ended 30 September 2023 set out on pages 2 to 10.
Respective responsibilities of trustees and independent examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act).
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 view given by the accounts.
Independent examiner's statement
In connection with my examination of the church accounts, nothing came to my attention which gave me cause to believe otherwise than that the accounts accord with the accounting records of the charity, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Page 4
Umoyo Community Project Statement of
financial activities
For the year ended 30 September 2023
| Unrestricted | Unrestricted | Restricted | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||||||
| Notes | £ | £ | £ | £ | ||||||
| Incoming resources | ||||||||||
| Incoming resources from generating funds: | ||||||||||
| Voluntary income | 2 | 29,952 | - | 29,952 | 17,788 | |||||
| Bank interest receivable | 3 | - | - | - | - | |||||
| Total incoming resources | 29,952 | - | 29,952 | 17,788 | ||||||
| Resources expended | ||||||||||
| School & College Fees | 3,972 | - | 3,972 | 1,918 | ||||||
| Building Repairs | 4,478 | - | 4,478 | - | ||||||
| Building Project | 31,054 | - | 31,054 | - | ||||||
| Expenses | 314 | - | 314 | - | ||||||
| Total resources expended | 39,818 | - | 39,818 | 1,918 | ||||||
| Total funds brought forward | 29,100 | 15 | 29,115 | 13,245 | ||||||
| Total funds carried forward | 19,234 | 15 | 19,249 | 29,115 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 5
Streatham United Reformed Church Charity
Balance sheet
as at 30 September 2023
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Funds 7 Restricted income funds Unrestricted income funds Total funds The financial statements were approved by the trustees on ..... behalf by |
2023 £ £ - 19,249 19,249 - 19,249 19,249 15 19,234 141,746 ................................................................. 26th August 2024 |
2022 £ £ - 29,114 29,114 - 29,115 29,115 15 29,100 29,115 ......... and signed on its |
|
|---|---|---|---|
| . |
Ms Sarah Ohwee Amon (FCCA)
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Trustee
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 6
Umoyo Community Project
Notes to financial statements for the year ended 30 September 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% reducing balance method
Page 7
Umoyo Community Project
Notes to financial statements for the year ended 30 September 2023
2. Voluntary income
| Voluntary income | |||
|---|---|---|---|
| Unrestricted | 2023 | 2022 | |
| funds | Total | Total | |
| £ | £ | £ | |
| Donations | 23,920 | 23,920 | 6,794 |
| Gift Aid Reclaim | 1,380 | 1,380 | - |
| Leagcy | 4,652 | 4,652 | 10,994 |
| 29,952 | 29,952 | 17,788 |
3. Investment income
| Investment income | ||
|---|---|---|
| Restricted funds £ Bank interest receivable - - |
2023 Total £ - - |
2022 Total £ - |
| - |
4. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Page 8
Umoyo Community Project
Notes to financial statements
for the year ended 30 September 2023
| Fixtures, 5. Tangible fixed assets fittings and equipment £ - - - - - Cost At1 October 2022and At 30 September 2023 Depreciation At 1October 2022 Charge for the year At 30 September 2023 Net book values At 30 September 2023 At30 September 2022 - 6. Creditors: amounts falling due within one year 2023 £ Accruals and deferred income - 7. Analysis of net assets between funds Unrestricted Restricted funds funds £ £ - 19,234 15 - Fund balances at 30 September 2023as represented by: Tangible fixed assets Current assets Current liabilities - - 19,234 15 |
Total £ - - - - - - 2022 £ - Total funds £ - 19,249 - 19,249 |
|
|---|---|---|
Page 9
Umoyo Community Project
Notes to financial statements
for the year ended 30 September 2023
| Unrestricted funds | At | At | |||
|---|---|---|---|---|---|
| 1October | Incoming | **Outgoing ** | 30 September | ||
| 2023 | resources | resources | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 29,100 | 29,952 | (39,818) | 19,234 | |
| Designated Funds | 15 | - | - | 15 | |
| 29,115 | 29,952 | (39,818) | 19,249 |
8. Unrestricted funds
Purposes of unrestricted funds
The unrestricted funds of the Trust are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.
| Restricted funds 1 Restricted Funds -Instant AccessAccount |
At October At Incoming 30 September 2023 resources 2023 £ £ £ 15 - 15 |
|---|---|
9. Restricted funds
Page 10