Charity no 1136112 1MORECHILD Report and Financial Statements 31 December 2024
1moreChlld Reference and administrative details For the year ended 31 December 2024 Charity number 1136112 Reglstered offlce and operatlonal address Field House The Street Alderton Wiltshire SN14 6NL Trustees Trustees who seNed during the period and up to the date of this report were as follows: Richard Ferdinando Harry Ferdlnando Nick Grant Mark Hopkins James Hamilton (appointed 1 January 2025) Bankers Natwest
1moreChlld Report of the Trustees For tho ear ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024 Reference and admlnistrative information set out on page 1 forms part of this report. The financial statements have been prepared in accordance with accounting policies set out on page 7, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charfties, applicable to Charities preparing their accounts in accordance with Financial reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. Structurei governance & management The organisatlon is a charltable trust, governed by its trust deed. Trustees New trustees are appointed 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 strateglc dlrection of the charity. The board meets to approve major decisions regarding events, communications with donors and the operational relationship with the mission in Uganda. Rlsk Management The trustees have completed a strategic review during which the risks to 1 morechild 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.
1moreChlld Report of the Trustees For the ear ended 31 December 2024 Objectlves and actlvltles Objectlve of the charity The objective of the charity is to see vulnerable children empowered and encouraged to reach their full potential. We believe that, by providing their basic needs, education and strong role models, we can create an environment where the poorest children can grow and develop to become the future leaders of their society. 1moreChild has facilitates its vision and mission since 2008. Some of its beneficiaries are now undergoing specialised training and the former ones are serving their communities in different capacities and are now completely self-reliant. The trustees ensure that the programmes we undertake are In line with our aims and objectives. Our ambitious aim is to be part of eradicating poverty in the Masese slum as we mentor children for strong characters. The trustees have had regard to the guidance given by the Charity Commlssion on public benefit and consider that this charity is of benefit to the public. Actlvltle8 At 1moreChild we now have 135 children (91 boys and 44 girls). We cover the following for all of these children.. School fees School uniforms and requirements Medical Football training and matches Some clothing - Two meals a day Tutoring - Mentoring For the majority of these chlldren we also provide.. - Accommodation - Three meals a day By the end of 2024, we had six different houses, 3 boys houses and 3 girfs houses. We have 10 full- time staff members who provide mentorship to the children. Reading continues to be a main focus with many hours after school, at weekends and in the holldays spent improving the reading level of all children. We have an excellent teacher who spends time teaching reading to groups and individuals and we have a small library which enables the children to have access to books every day and to have specific "library times" included in their timetables. Fifteen (6 girls and 9 boys) chIldn completed P7 In December. Sixty-lwo children (19 girls and 43 boys) attended primary eduction. Fouty-four children (15 girls and 29 boys) were in senior school this year. Fourteen (6 girls and 8 boys) sat for theur S.4. Nine (2 girls and 7 boys) sat for S.6. A total of ninety-one (32 girls and 59 boys) students attended secondary education. We are also excited to have six children (2 boys and 4 girls) now in further eductaion one studying medicine, law, fusion design, one business administration, one studying nursing, and another midwifery.
1moreChild Report of the Trustees For the ear ended 31 December 2024 1moreChild, Uganda (contlnued) Football continues to be a focus and our maln avenue for meeting new children in need. One of the girls is a national referree with a national badge. This helped her to be a role modeil for our girls and the nation at large. She got an opportunty to attend FIFA training where she was able to interact with highly experienced people. A boy attended sports media training as a mean of Ilvellhood. Ten (5 boys and 5 girls) were trained in film, music, dance and drama during the second term school holidays. This worked well to occupy them during the holidays and helping them gain new skills. Cycling continues to be an important activity in 1 morechild. We have a cycling team who often partake in races and go out most weekends on training rides. Cycling was done 5 times a week and the other remaining days were for recovering. A number of our children have been very successful in both male and female categories at national and international podiums. One of our boys got a gold medal and another a bronze medal in the African Championship. Two boys won gold medals in the national championship.. Elite and Junior categories. Two boys were on the national team of three riders in the World Cycling Championship, Three boys were involved In rugby durlng the course of the year. Chess is another priority of ours teaching children how to plan ahead and work out the consequences of a move - valuable life lessons. The children have taken part in competitions In Kampala and had regular competitions within 1moreChild. This year the children have won a number of medals and trophies in competitlons. As a way of exposlng the children to more learning opportunities and having them preoccupied during the school holidays they are encouraged to get involved in tailoring as a skill they can use in the future. Children continue to receive medical attention at different medlcal facilities. Grant maklng policy 1moreChild provides an agreed grant to 1moreChlld, Uganda. This grant Is made based on the availability of sufficient funds in the UK. Fundlng Our funding comes from generous supporters, individual donations and grants from trusts. Funding has increased this year, mostly due to the fact that we were once again able to host our Annual Cycle Ride which raises a large proportion of our funds. Re68rve8 poIIcy Small levels of reserrfes are retained in the UK to fund admlnistrative costs. The trustees aim to retain reserves of £5,000 at all times. Flnancial review The charity has continued to re1ve generous donations during the period under review. Donations for the period have totalled £287,388 (2023 - £307,096). Unrestricted reserves total £288,984 as at 31 December 2024 (£168,841 in 2023). Plans for the future One of our core values is keeping families together and as we are continuining to see a great need for schooling and support amongst the vulnerable children of Maese we will endeavour to care for siblings of our exisiting children who are of school age. We hope to improve our level of academic tutoring, culture of reading and sports training. A number of children participated in the 'reading tent, activity for the three-term school holidays to enhance their reading skills. We also Continue to look at ways of developing character in the children.
1moreChild Report of the Trustees For the ear ended 31 December 2024 Statement of responsibllltles of the Trustoes The trustees are responsible for preparing the report of the Trustees and the financial ststements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.) The law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period, including income and expenditure for the financial year. In preparing these financial statements, the Trustees are required to',- select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; observe the methods and principles in the Charity SORP., prepare the financial 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 of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, Companies Act 2006. 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 irregularities. Thls report wa8 approvod by tho board of dlrectors on And 8lgned on behalf of the board by: Harry Feminando, Trustee
Independent examlngrfs 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 Trust ) for the year ended 31 December 2024. Respectlvo responslbllltles and basls of report As the charity trustees, 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 audlted 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 Act ). 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 examlnerf8 statèment 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 did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and faitr 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 connection with the examination to whlch attention should be drawn in this report In order to enable a proper understsnding of the accounts to be reached. 2* 7f 2025 Date Slan Gates ACA
1moreChlld Statement of financial activities (incoorating an income and exp9nditure account) For the éar ended 31 December 2024 Year ended Year 31 ended 31 December December 2024 2023 Total Total Note Incoming resources Incoming resources fn)m generated funds Donations received 287,388 307,096 Total Incomlng r080urc08 Resources expended Costs of generating funds Fundraising Charitable activities Relief of child povety Support costs 287,388 307,096 209 161 180,008 200,000 7,028 4,516 Total resources expended Net (expendlture)Ilncom8 for the year Reconclllatlon of funds Totsl funds brought forward Total funds carrled forward 187,245 204,677 100.143 102,419 168,841 268,984 66,422 168,841 All of the above results are derlved from ntInuIng activlties. There were no other recognised gains or losses other than those slaled above.
1moreChild Balance sheet For the ear ended 31 December 2024 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 40,306 229,178 42,462 126,879 269,484 169,341 Llabllltles Creditors: amounts due within one year 500 500 Net current asséts 268,984 168,841 Net assets 268,984 168,841 Funds Unrestricted funds 268,984 168,841 Total charlty funds 268,984 168,841 For the year ended 31 December 2024, the charitable trust was entitled to exemption under section 43(2) of the CharitSes Act 1993; The trustees have not required the charitable trust to obtain an audit in accordance with section 43(2) of the Charities Act 1993. The board of trustees acknowledge their responsibilities for Ensurlng the charitable trust keeps accounting records,. and Preparing accounts whlch 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 its Incoming resources and application of resources, including its Income and expenditure, for the financial period, in accordance with the requirements of the Charities Act 1993. Approved by the trustees on and signed on their behalf by Hary Fordlnando Chair
1moreChild Notes to the flnanclal statements For the ear ended 31 December 2024 Accounting policies a) 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) (effectlve 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost b) Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. c) Gift Aid receiveable is included when there is a valid declarats'on from the donor. Any Gift Aid recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donatlon 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 to the fund when the donation is paid over to the project in Uganda. fj Unrestricted funds are donations and other incoming resources recelved or generated for the charitable purposes. g) Legacy income Is accounted for on a receivable basis. A legacy is considered receivable for the period only once the amount is known with certainty. h) Costs of generating funds relate to the costs incurred by the charitable company in inducing third parties to make voluntsry contributions to it, as VRII as the cost of any activities with a fundraising purpose. i) 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 substantialty all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities in the year in which they fall due. 2. Voluntary Income Year ended Year 31 ended 31 Decembor December 2024 2023 Total Total Donations Gift aid 258,332 29,056 279,391 27,705 Total
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1moreChild Notes to the financlal statements For the ear ended 31 December 2024 4. Net Incomlng resources for the year This is stated after charging I crediting; 2024 2023 Governance costs 500 500 Governance costs relate to the preparation of and Independent examination of the records of the charity The Trustees 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 party transactions in the period. S. Taxatlon The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Trust is potentialty 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 Galns Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 6. Debtors: amounts due wlthln 1 year 2024 2023 Gift aid receiveable Other debtors 29,056 11,250 24,462 18,000 Total 7. Creditors: amounts due wlthln 1 year 2024 2023 Accrued expenses 500 500