Charity no. 1136112 1MORECHILD Report and Financial Statements 31 December 2023
1moreChlld Reference and admlnlstratlvo detalls For the year ended 31 December 2023 Charlty number 1136112 Reglstered offtce and oporatlonal address Field House The Street Alderton Willshire SN14 6NL Trusteos Tfuslees who served during the period and up to the date of thls report were as follows: Richard Ferdinando Harry Ferdinando Nick Grant Mark Hopkins Bankors Natwest
1moreChlld Roport of tho Trustees For tho oar ended 31 December 2023 The trustees present their report and the financial statements for Ihe year ended 31 December 2023 Reference and administrative infomiation set out on page 1 forms part of this report. The financial statements have been prepared in accordance wilh accounting policies set out on page 7, the Charilies Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities, applicable to Charities preparing Iheir accounts in accordance with Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. Structurol govornanco & managomont The organlsation is a charitable trust, govemed by its trust deed. Trustoos New twstees are appolnted by the current board of trustees. Trustees are selected based on the skills possessed to fill a vacant position. An induction process exists to familiarise new trustees with the history, operations and strategy of the charity. The board of trustees provides the strategic direction of the charity. The board meets to approve major decisions regarding events, communications with donors and the operatlonal relationship with the mission in Uganda. Rlsk Management The trustees have completed a strategic review during which the risks to 1moreChild is exposed were considered and documented. The trustees believe that sufficient procedures are in place to manage those risks. The strategic review will be revised as situations change.
1moréChild Report ol tho Tfustees For Iho ear ended 31 Decernber 2023 ObJectlve3 and activltles Ob]octlvo ol tho charity Tho objodivo Gf Iho charity is to see vu'.nerab',e chi',dren empowered and encouraged to reach Ihclr lull POleniiJl. Vlo boiievo IhaL bi pro'iid,ng Iheir basic needs. education and strong rolo models, we can crt<JlO an environment v.fiere ihe rts)rest chi dfen can grow and develop to becomo the futUf6 Ic.aacr: of Iheir eccicty. 1mGrcChild has laciliiales its vision and mission since 2008. Somo of ils bc.nc.ficiarioJ aro ntrN undergoing specialised training and Ihe lormer ones are servlng thelr communiliC• in Oilfcrcnt capao'ics and are now cornplelely sell-relianl. ThQ tru:teeJ cn.uro Ihat tho programmes we undertake are In linè with our aims and objectives. Our Dmbilioua aim ia lo bo part of eradicating povety in the Masese slum as we mentor children for strong characicr4, Tho tru:Icc5 havo had rc9ard to the guidance given by the Charity Commisslon on public benefil and con4ider Ihat ihis charity Is ol bcncfii io Ihe public. Actlvltlcs At 1 morcchild wo now have 150 children. We cover Ihe following for all of these children: School fees School uniforms and requirements Medical Football training and maiches Some clothin9 . Tvn meals a day Tutoring rAentoring For the majority of these children Yie also provide: - Accommodation - Three meals a day By the end of 2023, vie had six different houses. 3 boys houses and 3 girls houses. We have 10 full- time staff members vtho provide mentorship to Ihe children. Reading continues to be a main focus viiLh many hours after school. at weekends and in the holidays spent improving the reading level of all children. We have an excellent teacher who spends time teaching reading to groups and indNiduals and vie have a small library which enables the children to have access to books every day and to have specific"library limes" included in their timelables.
1moreChild Report ol tho Trusloes For iho earonded 31 Oecember 2023 1mor¢Child. Uganda lconlinued) (S r'il? anj 19 ch. v'.en comFl#lkd P7 in Oecember. sixty- children (19 girls and 43 tr ") a;;fknrlr4 primary erfur;IDJl. 14'nti",I ch'.'.dren (23 girls and 67 boys) were in senior school this yb Jr, Fourtfvbn (4 G,'rti ar>d 10 trA315) sal fci thaur S.4. Three (all boys) sal for S.6. - these 8re rocord nurribTrrs l&r us. Vdo afo alA cru',Trd 10 ha.rfe firfe ch'..dren (3 boTr and 2 girls) now in further educlaion - one sludylng mfrJi¢inr• mG;or vcPsiGlr4 mechanits. one sluty'ng nursing. anoihef midwifery and another 03ficulluro, Fo6ib)11 coniinuh310 a Iccu3 our ma'n avenue for meeting new childron In neod. As a result, 4 boii and 2 Gir13 underé4eTril na'oGiryal I:bal reiefee and coaching courses. This holped thom galn moro typo. uro ond 0&rtUnI,n>. hcnptsj incfeascd selfosleem. self-confidonce Dnd solf-worth. One ol Iho Gir1313 On Iho naiJSnal scccef ie;cree,:n9 ieam with the naiional FUFA (Federatlon of Uganda FooibJll lkn:¢xiJlion) badJ+! Cycling Gonlinue310 bo on imp)rtont actsvity in 1morcChild. Wo havo D cycling ioarn who ofton parLJP.o In rJcfrJ )nd GO QUI mo:1 weeP,cnds on Iraining ridos. Cycling was dono S timos a wook and Iho Olhèr remainin9 day3 wcro for recovering. A numbcr of our children havo boon vory succosslul In boih mslo Dnd lemJlo cait9orieJ ai national and international podiums. Ono boy rocolvod a bronzo modJl In tho African ChJmpion:hiP event Tvrt) boys wcre on tho national loam ol threo rldors In tho World Cycling ChJmpion:hiP. Che"J Is onoiher priority ol Ours IC3ching children how lo plan ahead and work out Iho consoquoncos ol o movo . vJluJblo lifo Icstons. Tho children have taken part In compoiitSons In Kampala and had fegular compctitions wilhin 1moreChild. Thi5 yeai the children have won a number ol medals and Irophies In competitions. W6 continuo io focu5 on small business in the holidays. Children conlinued to recelve medlcal care at dilfcfenl medical faulities. Grnnt mjklng pollcy 1moieChild provide5 an agreed granl to 1moreChild, Uganda. This granl Is made based on the DvDilJbility ol sufficient funds in the U Fundlng Our lunding comes from generous SUPFrfJrters. individual donations and grants from trusts. Funding has inueased this year, mostty due to the fact that we viere once again able lo host our Annual Cycle Ride )Cti rnises a large prortiOn of our lunds. Reserves pollcy Small levels of reseNes are retaffted in the UK to lund administralwe costs. The trustees aim to retain (e5erve5 of £5.CrtXI at a'j limes. Flnanclal rnvlow The Chariy h35 conLnued to recerie generous donanS during the period under review. Donalions fof trie peThc4J h¥ie lot3::ed £307,OS6 (2022 - £233,2SO). Unrestricted reserves lolal £168,841 a5 at 31 Decemkr 2023 (£&i.422 in 2022). Plans for the luture One of our ccre rwUES is P.eeFing fami'."es t£YJelher and as VR are conlinuining to see a greal need lor schcc n9 and SUFrLrt amcngsl Ihe vulnerable chi'.dren of l.laese Vle viill endeavour to care lor SibLngs ol our eS..O ch".'drEn Viho dre of sct50oI age. Vle hope to impio'ie our kvel ol academic tutoring. cU."te of readn9 afkd sForts tra.ning. A number of chi',drEn partscipdled in Ihe'reading tenv aclivity for Ihe thrEe4erm sthfxl holAlafi to enhance IhEir readill9 ski;Is. We also continue to look at vrdys of develop&ng chaRder in the chiAren.
1moreChild Report oftho Trustee8 For Iho ear onded 31 December 2023 ststornont ol responslbllltles ol the Trustees Tho irusiBe3 are re5ponsib',e lor preparing the report of Ihe Tnjslees and the financial statements In acc4rdance viith applicabla la"N and Uniled Kingdom Accounting Standards (Uniled Kingdom Gcnorally Accepted Accountsng Practice.) Tho law requlres the truslees to prepare financial stalements lor each financial year which give a true and lalr view ol tho slate ol affairs ol Ihe charity and of Ihe incoming resources and applicatlon of rcsoufcc• ol the charity for that period, including income and expenditure for the financial year. In prcparinG Iheso financial slalements, Ihe Truslees are required to:. Golect Gullablo accounting policies and then apply Ihem conslstenlly; mako Judgemcnts and ests'mates that are reasonable and prudent; ObCr¥I0 tho methods and principles in the Charity SORP; preparo tho financlal statements on the going concern basis unless it Is Inappropriate to The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financlal statements comply with the Charities Act 2011. Companles Act 2006. They are also responsible for safeguarding the assets of the charity and hence lor taking feasonable steps for the prevention and detection of fraud and other Irregularities. Thls report was approved by the board of dlrectors on And slgned on behall of tho board by: Harry Ferdinando, Tnjslee
Independent examlnerfs report To the Trustees On the unaudited accounts of 1moreChild I report to the trustees on my examination of the accounts of the above charity ("the Trusv,) for the year ended 31 December 2023. Respectlve responslbilitles and basls of report As the charity tfustees, you are responsible for the preparation of the accounts In accordance with the Charities Act 2011 (The Act). Having satisfied myself that the acccounts of the Company are not required to be audited for this year 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 Acf,). In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act). Independent examlnerfs statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants for England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that In, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts dld not accord with the accounting records; or the accounts did not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charitles (accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connectlon with the examination to which attention should be drawn In this report in order to enable a proper understsnding of the accounts to be reached. Date Slan Gates ACA
Dilo
1moreChild Statement of financlal actlvltles (incorporating an Incomg and expenditure account) For the ear ended 31 December 2023 Year ended Year 31 ended 31 December December 2023 2022 Total Total Note Incomlng resources Incoming resources fmm generated funds Donations received 307,096 233,290 Total Incomlng resources Resources expended Costs of generating funds Fundraising Chantable activities Relief of child povety Support costs 307,096 233,290 161 200,000 186,500 4,516 6,008 Total resourc88 expended Net (expendlture)Ilncome for the year Reconclllatlon of funds Totsl funds brought for4vard Total funds carrled forward 204,677 192,508 102,419 40,782 66,422 168,841 25,640 66,422 All of the above results are derived from continulng activities. There yre no other recognlsed gains or losses other than those stated above.
1moreChlld Balance sheet For Iho oar onded 31 December 2023 2023 2023 2022 Note Curront assols Deblors Cash al bank and in hand 42,462 126,879 20,132 46,790 169,341 66,922 Llabllllloj Crediiors: amounts due wilhin cne year soo 500 Not current as8Ot3 168,841 66,422 Not assot8 168,841 66,422 Funds Unrestrlcted funds 168,841 66,422 Total charlty funds 168,841 66,422 For the year ended 31 December 2023, the charitable trust was entitled to exemptlon under sectlon 43{2) of the Charities Act 1993; The trustees have nol required the charitable Irust to obtaln an audit In accordance with sectlon 43(2) of the Charities Acl 1993; The board of trustees aCknOedge their responsibilities for Ensuring the charitsble trust keeps accounting records: and Preparing accounts which give a true and fair view of the state of affairs of the charitable trust as at the end of the financial period, and of ils incoming resources and application of resources, including its income and expenditure. for the financial period. in accordance with the requirements of the Charilies Act 1993. Approved by the trustees on and signed on their behalf by Harry Ferdlnando Chair
1moreChlld Notes to the financlal statements For the ear ended 31 December 2023 Accounllng pollcles a) The financial slalements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stalemenls have been prepared under the historical cost b) Voluntary Income Is received by way of donations and g1ft3 and Is Included In full In the statement of financial activities when receivable. c) Gift Ald recelveable is Included when there is a valid declaration from the donor. Any Gift Ald recovered on a donation is considered to be part of that gift and Is treated as an additlon to the same fund as the initial donatson unless the donor or the terms of the appeal have specified otherwise. d) Expenditure Is allocated on an accruals basis. e) Restricted funds are to be used for specific purposes in Uganda, as laid down by the donor. Expenditure Is charged lo the fund when the donation Is pald over to the project In Uganda. n Unrestrlcted funds are donations and other Incomlng resources recelved or generated for the charitable purposes. g) Legacy Income Is accounted for on a recelvable basis. A legacy Is consSdered recelvable for the period only once the amount Is known wilh certalnty. hy Costs of generating funds relate to the costs incurred by the charitable company In Induclng third parties to make voluntsry contributions to it, as well as the cost of any activities with a fundraising purpose. l) Resources expended are recognised In the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. k) Grants payable are accounted for as expenditure in the year the award Is determined and approved by the trustees. l) Rentals payable under operating leases. where substantially all the risks and rewards of ownership remain with the lessor. are charged to the ststement of financlal activities in the year in which they fall due. 2. Voluntsry Income Year ended Year 31 ended 31 December December 2023 2022 Totsl Total Donalions Gift aid 279.391 27.705 213,158 20,132 Total
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1moreChild Notes to the financial statements For the ear ended 31 December 2023 4. Net incomlng resources for the year This is stated after charging I crediting: 2023 2022 Govemance costs 500 500 Governance costs relate to the preparation of and independent examination of the records of the charity The Twstees neither received nor waived any emoluments during the year, or previous period. The Trustees did not claim any expenses during the year, or previous period. There have been no related paty transactions in the period. S. Taxatlon The Charity Is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Trust is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 6. Debtors: amounts due wlthin 1 year 2023 2022 Gift aid receiveable Other debtors 24,462 18,000 20,132 Total 42,46 7. Creditors: amounts due withln 1 year 2022 2021 Accrued expenses 500 500