**Trustees’ Annual Report & Financial Statements** **Year Ended 31st December 2023** _Families at Christmas Concert 2023_ **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** ## **Annual Report** We present our annual report and financial statements of the Charity for the year ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011, the Companies Act 2006, and 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 (FRS102) (effective 1 January 2015). ## **Reference and Administrative Information** **Charity Name:** UNIVIDA **Charity Registration No.** 1136743 **Company No.** 06958514 **Registered Address:** 7 High Street, Staple Hill, Bristol BS16 5HA Email: office@univida.org www. **UNiViDA** .org Facebook @lifehopeandopportunity **Directors /Trustees** J Harris R Marques - Secretary/Treasurer M Clements - Chairperson M Marques -Trustee **Accountants** Funsho Ojo ACA : Brampton Services Ltd, 24 Cabot Rise, Portishead, Bristol BS20 6NX **Bankers** HSBC, Carolgate, Retford, Nottinghamshire, DN22 6DA ## **Structure, Governance and Management** ## **Governing Document** UNIVIDA is a registered charity in England & Wales no. 1136743, incorporated 10th July 2009, with a Memorandum and Articles of Association. Registered Company No. 06958514. ## **Management** The Charity actively fundraises and seeks to continue charitable work through the careful stewardship of its existing resources. Trustees meet regularly to oversee the administration of services. ## **Trustees** Trustees are appointed by invitation. All Trustees give their time and expertise freely and no trustee remuneration was paid in the year. See note 3. ## **Related Parties** UNiViDA works in partnership with a Brazilian registered charity Crianças do Brasil para Cristo (CBC). Funds used for charitable activities in Brazil are transferred internationally to CBC and managed by a UNiViDA Trustee in Brazil. ## **Training** During this year UNiViDA Trustees and volunteers remained updated with Charity Commission guidance on charity administration and reporting responsibilities. 2 ## **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** ## **Risk Management** The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and actively work to establish systems and procedures to manage those risks. UNiViDA has policies and procedures in place to reduce risk and protect beneficiaries and volunteers. ## **Objective and Activities** ## **Objects** - To advance education, relieve sickness and hardship of those living in poverty, provision of support, activities, and resources to build skills and capacity of those people. - To advance the Christian faith and promote other similar purposes that are deemed charitable in such parts of the world as the Trustees see fit. ## **Activities for Public Benefit** ‐ UNIVIDA benefits 260 children and young people (aged 7 14) and their families, living in a favela on the outskirts of the city of Fortaleza. The Charity provides quality Christian education, training, and life skills in a safe learning environment. _Janiarla gives an outdoor class to year 8 and 9 students_ _Yasmin gives her father a gift o Father’s Day, which she made at the project_ UNiViDA provides 4 additional hours of education per day to complement the service of the State school system. This gives the opportunity for children to succeed in their schooling, access higher education and successfully compete for meaningful employment, ultimately improving quality of life. The Charity also cares for parents and families, providing opportunities for skills training, recreation, and family activities. 3 ## **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** In our view there is no detriment or harm that might arise from these aims. UNIVIDA benefits people living in favelas who are living in poverty. Access to benefits is offered freely and equally to all. The only requirement for children and young people wishing to access education and training in Brazil is that they are registered in state school (free to all). Outside of the beneficiaries, there are no private benefits from the organisation other than the incidental benefits of salaries to staff employed by our partners in Brazil to deliver these services. ## **Volunteers** The organisation continues to benefit from the support of individuals in the UK, who fundraise and promote the work of the organization through churches, schools, and other groups. _Two boys walking in the corridor._ _Older students enjoying break time_ 4 ## **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** ## **Achievements, Performance in 2023** UNiViDA continued to work in partnership with the Brazilian association Crianças do Brasil para Cristo to deliver quality services for children aged 7-14 in the favelas of Fortaleza, Brazil. UNiViDA assists in the running of a project for 260 children, 5 days a week from 8am to 5pm, providing an additional 20 hours per week of education along with nutritional food and clean water. UNiViDA maintains regular financial support from a growing number of individuals and organisations. Emphasis is placed on sharing a relationship with donors and the results € of our services, delivered in Fortaleza. With on-going daily .= a” care, we see children gaining the skills, confidence, physical and emotional strength to succeed in their _Dining Hall - Students receive a daily nutritious meal and clean water._ education. In addition to normal daily services UNiViDA brings families together by developing parenting skills and organising special events which engage parents in their children’s education. In 2023 this included a new holiday camp in July. 2023 began with the completion of the kitchen project which was carried out in two stages between 2022 and 2023. In this final phase UNiViDA funds were used to furnish the extension with work surfaces, a new oven, and a washing machine. The new school year began in February and the theme chosen for the year was “Building Values.” During the second semester, new curriculum with a focus on financial education and stewardship was introduced and was well received by the students. General funds were used for the payment of staff and provision of daily services including hot meals for all students and staff, daily. In October 2023 additional UNiViDA funds were designated for the building of a drinking water station which provides 16 spigots and 3 taps for refilling water bottles. This bespoke construction allows large numbers of children to access chilled, filtered drinking water at peak | periods of the school day. UNiViDA funds were also used to purchase a pump to assist with drainage on the property during the rainy season. a' =\ : aa | a 7 me me 4 j / _New drinking water station_ 5 **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** ## **Financial Review** ## **Reserves Policy** UNiViDA holds £8,000 as two months of grant funds for general costs, and an additional £2,000 for UK related expenses. The total held in the reserve fund remained at £10,000. ## **Designated Funds** UNiViDA holds £80,000 in this fund. This includes the £10,000 reserve mentioned above. The remaining balance was received as a legacy gift in 2022. The Trustees wish to maximise the benefit of this gift and have designated it for use for a large project, possibly as a matching grant to attract necessary funds for completion. At the time of writing this project is being determined. ## **Income** The Charity's work is entirely reliant on donations and grants. UNiViDA’s principal sources of funding are individuals and churches. Total income in 2023 was £58,475 (2022: £177,190). 2022 income included a legacy of £70,000. There was no legacy income in 2023. UNiViDA continues to raise funds through written communications with our donors and by speaking engagements or fundraising events organised by Trustees and Volunteers. Funds carried forward were £124,014 (2022: £128,568). Out of this Unrestricted General Funds were £44,014 and Designated Funds £80,000. ## **Explanation of Funds to Brazil** During the year grants totalling £56,000 (2022: £99,722) were made to Crianças do Brasil para Cristo (CBC); £48,000 of this was for general running costs. £8,000 was used for the specific projects described above. All grants were actioned by UNiViDA Trustees and managed by UNiViDA’s Field Director, in partnership with staff at CBC. _CBC’s Staff Team - Christmas Concert 2023_ 6 ## **UNiViDA Trustees’ Annual Report for the Year Ended 31 December 2023** ## **Trustees’ responsibilities for the financial statements** Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the year end. In preparing these financial statements the Trustees are required to: - a) Select suitable accounting policies and then apply them consistently - b) Make judgements and estimates that are reasonable and prudent - c) State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements - d) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees believe that these financial statements comply with current statutory requirements and with the requirements of the trust deed. Approved by the Trustees on 15 May 2024 Signed on behalf of the Board of Trustees M C Clements Chairperson 7 ## **UNiViDA Independent Examiner’s Report for the Year ended 31 December 2023** ## **Independent Examiner’s Report** I report to the Trustees of UNiViDA (“the charitable company”) on my examination of the financial statements for the year ended 31st December 2023, which are set out on pages 9 to17. ## **Responsibilities and basis of report** Having satisfied myself that the financial statements of the charitable 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 the financial statements 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. ## **Independent Examiner’s statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination which give me cause to believe that: - 1) Accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or - 2) The financial statements do not accord with those accounting records; or - 3) The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a “true and fair” view which is not a matter considered as part of an independent examination; or - 4) The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting for charities (applicable to charities preparing financial statements 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 financial statements to be reached. Funsho Ojo ACA Dated: 16 May 2024 Brampton Services 24 Cabot Rise Portishead Bristol 8 UNNIDA STATEMENT OF FINANaAL AcfiviTIES (INCLUDING INCOME & EXPENDtruRE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestrirted Designated Genernl Fund5 Funds 2023 Restrkted Funds Note Totsl Funds Total Funds 2023 2023 2022 Income and endowrnents from: Grants and Donations 57.047 57,047 176.985 Investments Total income and endor￿￿ents 1.428 58,475 1,428 58,475 205 177,190 Expendlture on". Raising Funds Charitable attivitles Other 5.811 49.818 5,811 56.818 400 8,985 101,083 300 Total expendlture 56.029 63,029 110,368 Net incomellexpenditure) 2.446 17.1)001 {4,5541 66,822 Transfers between funds Net movement in funds 14.5541 66,822 Reconciliation of funds: Totsl Fund5 brought fonmard Totsl Funds carried forward 41,568 44,014 80,1 80,000 7.0(Kl 128,568 124,014 61,746 128,S68 Continuing Operatlons: None of the company's activltles were acquired or dlscontinued during the above financial period Totsl recognised Balns and 105ses The company had no recognised gains or losses other than the net resour￿5 expended In the above period VNiViDA STATEMENT OF FINANaAL ACTIVITIES (INCLUDIIIG INCOME & EXPENDMIRE ACCOUNT) YEAR ENDED 31 DECEMBER 2022 Unrestrlcted Unrestricted Designated General Funds Fund5 2022 Restrict Funds Totsl Funds 2022 2022 2022 Income and endowments from: Grants and Donations 169.985 176,985 Investments 205 205 Totsl in¢ome and endowments 170,1 177,190 Expenditure on: Ralslng Funds Charitable actlvltles Other Total expenditure 8.985 101.083 3CM) 8.985 101,083 300 110.368 110,368 Net incomel(expenditure) 59.822 66,822 Transfers between funds 169.0001 19,178) 69,000 Net movement in fvnd5 69.000 7.(X)O 66.822 Reconciliation of funds: Total Funds brought forward Total Funds tarried fonvard 50.746 41.568 11,000 80.000 61,746 128,568 7,000 Continuing Operations: None of the company's actÈvtties were acquired or discontinued during the above financial period Totsl recognlsed galns and losses The company had no reco8nlsed 8ains or losses other than the net resources expended in the above period io UNWI IDA BALANCE SHEET AT 31 DECEMBER Z023 Company Number. 06958514 2023 2022 CUr￿nt Assets Sundry debtors Cash at bank and in hand 3,537 125,331 128.868 123.612 124.414 Creditors: Amounts falling due within one year: Accruals 300 Net Current assets 124.014 128.568 Net Assets 124.014 128,568 Charlty Funds Unre5trirted General funds Unrestrirted Designated funds Restrlcted funds Total funds 44.014 80,000 41,568 80,000 7,000 128,568 124,014 These financial statements have been prepared in accordance wrf(h the speclal provlslons of Part 15 of the Companies Att relating to small companies. For the yeaf ending 31 December 2023 the company was entitled to exemption from audit under section 471 of the Companies Art 2(KJ6 relating to small companies. The members have not required the company to obtain an audit in accordance with sertion 476 of the Cornpanies Aci 2006 The directors acknowledge their responsibilty for complying with the requirements of the Act with ￿Spect to accounting records and forthe preparation of accounts. These financial statements were approved by the trustees on 15 May 2024 and are signed on their behalf by: M.C CLEMENTS CHAIRPERSON Th• notas on 12 to 17 kn p•r* of th•￿ Ithanclal *tatèmèht& li UNIVIDA NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 1. Accounting Policles The principal accounting policies adopted, judgements and key sources of estimation Un￿rtaInty in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have prepared in accordance wtth 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. and the Companies Act 2006. The Trustees have reviewed the Charity's financial position and a￿ of the view that there are no material Un￿rtaIntieS about the Charity's ability to conts'nue as a going concem. UNiViDA meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheThfyqse stated in the relevant accounting policy note(s). b) Creditors and provisions Creditors and provisions are recognised v4here the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount after allowing for any trade discounts due. c) Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Income All income is included in the statement of financial activities when the charity is entttled to the income and the amount can be quantified with reasonable accuracy. The followng specific policies are applied to particular categories of income. Investment income is included when receivable Income from Charitable activities is accounted for when eamed Income from grants where related to perf0rnan￿ and specific deliverables is accounted ft>r as the charity eams the right to consideration by its perfOrnan￿. ExpendFturo Expenditure is recconÉzed on an accruals basis as a liability is incurred. Expenditure includes any VAT vthich cannot be fully recovered and is reported as part of expenditure to vthich it relates. Gharitable expenditure comprises those costs incurred by the Charity in the delivery of its activtties and services for its beneficiaries. It includes both costs that can be allccated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the independent examinerfs fees and all costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resour￿. Costs relating to a particular actiwty are alkKated directly, others are apportioned on an appropriate basis. 12 UNIWIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 2 Legal Status of the Charity The Charity is a company limited by guarantee and has no share captitsl. In the event of the tharity being wound up, the liability in respect of the guardntee is limited to £1. 3 The trustees received no remuneration during the year. Travel expen5e5 and health insurance paid in the year totalled £5,81112022: £8,9851 4 Grants and Donatlons Unrestrirted Deslgnated Fund5 2023 Unrestricted Genral Fu 2023 Restrfrted Funds 2023 Totsl Funds 2023 Tt)tal Funds 2022 Individual5: Regular donations Other donations 26.451 4.374 26,451 4.374 28,194 27,451 Churches: Regular donatlons Other donations 9,323 7.742 9,323 7.742 8,306 100,301 Schools Other general donations HMRC Glft Ald 4.087 5.070 57,047 4,087 5,070 57,047 3,223 9,510 176,985 Grants and Donatlons- Prfor Year Unrestricted Deslgnated Funds Unrestricted Genral Funds Restricted FurK15 Total Funds 202Z 2022 2022 2022 Individual5: Regular donations Other donations 28.194 20.451 28,194 27,451 7,CKIO Churches: Regular donations Other donatioris 8,306 8.306 100.301 11)0,301 Schools Other general donations HMRC Gift Aid 3,223 9,510 169,985 3,223 9,510 176,985 7,000 UNIVIDA NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 DECEMBER 2023 Expenditure Vnrestricted Restricted Funds Generdl FU￿ Funds Total Funds Total Funds 2023 2023 2023 2022 Raislng Funds Travel costs and health insuran 5.811 5,811 8,985 Charitable Artivities: Grants to Brazil 49.(KX) 162 56,OlXI 162 99,722 Insurance Stationery Postage Computer software Bank charges Sundry expenses Total cost of Charitable Aetivtie5 210 300 300 300 523 343 343 13 13 326 49,818 7.000 56,818 101,083 Govemance costs Accountancy 400 300 Totsl resources expended 56,029 7,000 63.029 110,368 14 UNWIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 EXpenditU￿- Prior Year Unrestricted Unrestrfrted Designated General Funds Funds Restrlrted FurKIs Totsl Funds 2022 2012 2022 Raising Funds Travel costs and health Insurance 8.985 Charltsble Artivities: Grants to Brazil 99.722 99.722 Insurance Stationery Postage Computer consumbles Bank charges Sundry expenses Total cost of Charitable Activties 210 210 300 300 523 523 326 326 101.083 101,083 Governance costs Accountancy 300 Total resources expended 110,368 110,368 Sundry Debtors 2023 2022 Gift Aid 3,537 3,537 15 UNIVIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Movement In fvnds Year Ended 31 December 2023 At Transfers Between Expenditure Funds At ljan 2022 31 Dec Income 2023 Unrestricted General Funds 41,568 41,568 58,475 58.475 56,029 56,029 44,014 44,014 80,000 80.000 Unrestritted Deslgnated Funds Restrfrted Funds {7.O¢X)) 17.0001 Total Funds 128568 58,475 49,029 124,014 Dèscription and purpose of fvnds and trdnsfers Free reseThes Unrestricted General Funds are the free reserves of the charity. These funds are available for use at the discretion of the Trustees in furtherance of the general objertives of the Charity and have not been designated for other purwses. £69,000 was transferred to Unrestricted Designated funds out of the legacy gift received during the year. Unrestrirted Designated Funds Unrestricted Designated funds are funds set aside by the Trustees for specrfc proJects. £69,000 of the legacy gift was transferred Into the funds to be used for future projects as decided by the Trustees. Restrirted Funds Restricted Fund balances are funds to be used according to the wishes of the donor. not distrib￿ed at the year end. Movement in funds- Prior year At At ljan 31 Dec 2022 Expenditurt Transfers 2022 Unrestricted General Funds 50,746 50.746 11.000 li.( 170,190 170,1 110,368 110,368 169,0001 169.0001 69,000 69.000 41,568 41,568 80,000 80,000 7,000 7,000 Unrestricted Designated Funds Restricted Funds Total Funds 61.746 177.190 110,368 128.568 16 UNIVIDA NOTES TO THE FINANCIAL STATEMEPITS YEAR ENDED 31 DECEMBER 2023 Analysis of net assets between funds Unrestricted Unrestricted Designated Generdl FurKls Fund5 Restricted Funds Totsl Funds 2023 2023 2023 2023 Current assets Current liabilities 44,414 14001 80.OIXI 124,414 14001 44.014 124.014 Analysis of net assets between funds- Prfor Year Unrestricted Restrfrted Funds General Funds Funds Total Funds 2022 zo 2022 Current assets Current liabilitles 41868 131KJI 80.1￿) 128,868 13001 41.568 128,568 17 UNNIDA STATEMENT OF FINANaAL AcfiviTIES (INCLUDING INCOME & EXPENDtruRE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestrirted Designated Genernl Fund5 Funds 2023 Restrkted Funds Note Totsl Funds Total Funds 2023 2023 2022 Income and endowrnents from: Grants and Donations 57.047 57,047 176.985 Investments Total income and endor￿￿ents 1.428 58,475 1,428 58,475 205 177,190 Expendlture on". Raising Funds Charitable attivitles Other 5.811 49.818 5,811 56.818 400 8,985 101,083 300 Total expendlture 56.029 63,029 110,368 Net incomellexpenditure) 2.446 17.1)001 {4,5541 66,822 Transfers between funds Net movement in funds 14.5541 66,822 Reconciliation of funds: Totsl Fund5 brought fonmard Totsl Funds carried forward 41,568 44,014 80,1 80,000 7.0(Kl 128,568 124,014 61,746 128,S68 Continuing Operatlons: None of the company's activltles were acquired or dlscontinued during the above financial period Totsl recognised Balns and 105ses The company had no recognised gains or losses other than the net resour￿5 expended In the above period VNiViDA STATEMENT OF FINANaAL ACTIVITIES (INCLUDIIIG INCOME & EXPENDMIRE ACCOUNT) YEAR ENDED 31 DECEMBER 2022 Unrestrlcted Unrestricted Designated General Funds Fund5 2022 Restrict Funds Totsl Funds 2022 2022 2022 Income and endowments from: Grants and Donations 169.985 176,985 Investments 205 205 Totsl in¢ome and endowments 170,1 177,190 Expenditure on: Ralslng Funds Charitable actlvltles Other Total expenditure 8.985 101.083 3CM) 8.985 101,083 300 110.368 110,368 Net incomel(expenditure) 59.822 66,822 Transfers between funds 169.0001 19,178) 69,000 Net movement in fvnd5 69.000 7.(X)O 66.822 Reconciliation of funds: Total Funds brought forward Total Funds tarried fonvard 50.746 41.568 11,000 80.000 61,746 128,568 7,000 Continuing Operations: None of the company's actÈvtties were acquired or discontinued during the above financial period Totsl recognlsed galns and losses The company had no reco8nlsed 8ains or losses other than the net resources expended in the above period io UNWI IDA BALANCE SHEET AT 31 DECEMBER Z023 Company Number. 06958514 2023 2022 CUr￿nt Assets Sundry debtors Cash at bank and in hand 3,537 125,331 128.868 123.612 124.414 Creditors: Amounts falling due within one year: Accruals 300 Net Current assets 124.014 128.568 Net Assets 124.014 128,568 Charlty Funds Unre5trirted General funds Unrestrirted Designated funds Restrlcted funds Total funds 44.014 80,000 41,568 80,000 7,000 128,568 124,014 These financial statements have been prepared in accordance wrf(h the speclal provlslons of Part 15 of the Companies Att relating to small companies. For the yeaf ending 31 December 2023 the company was entitled to exemption from audit under section 471 of the Companies Art 2(KJ6 relating to small companies. The members have not required the company to obtain an audit in accordance with sertion 476 of the Cornpanies Aci 2006 The directors acknowledge their responsibilty for complying with the requirements of the Act with ￿Spect to accounting records and forthe preparation of accounts. These financial statements were approved by the trustees on 15 May 2024 and are signed on their behalf by: M.C CLEMENTS CHAIRPERSON Th• notas on 12 to 17 kn p•r* of th•￿ Ithanclal *tatèmèht& li UNIVIDA NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 1. Accounting Policles The principal accounting policies adopted, judgements and key sources of estimation Un￿rtaInty in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have prepared in accordance wtth 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. and the Companies Act 2006. The Trustees have reviewed the Charity's financial position and a￿ of the view that there are no material Un￿rtaIntieS about the Charity's ability to conts'nue as a going concem. UNiViDA meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheThfyqse stated in the relevant accounting policy note(s). b) Creditors and provisions Creditors and provisions are recognised v4here the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount after allowing for any trade discounts due. c) Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Income All income is included in the statement of financial activities when the charity is entttled to the income and the amount can be quantified with reasonable accuracy. The followng specific policies are applied to particular categories of income. Investment income is included when receivable Income from Charitable activities is accounted for when eamed Income from grants where related to perf0rnan￿ and specific deliverables is accounted ft>r as the charity eams the right to consideration by its perfOrnan￿. ExpendFturo Expenditure is recconÉzed on an accruals basis as a liability is incurred. Expenditure includes any VAT vthich cannot be fully recovered and is reported as part of expenditure to vthich it relates. Gharitable expenditure comprises those costs incurred by the Charity in the delivery of its activtties and services for its beneficiaries. It includes both costs that can be allccated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the independent examinerfs fees and all costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resour￿. Costs relating to a particular actiwty are alkKated directly, others are apportioned on an appropriate basis. 12 UNIWIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 2 Legal Status of the Charity The Charity is a company limited by guarantee and has no share captitsl. In the event of the tharity being wound up, the liability in respect of the guardntee is limited to £1. 3 The trustees received no remuneration during the year. Travel expen5e5 and health insurance paid in the year totalled £5,81112022: £8,9851 4 Grants and Donatlons Unrestrirted Deslgnated Fund5 2023 Unrestricted Genral Fu 2023 Restrfrted Funds 2023 Totsl Funds 2023 Tt)tal Funds 2022 Individual5: Regular donations Other donations 26.451 4.374 26,451 4.374 28,194 27,451 Churches: Regular donatlons Other donations 9,323 7.742 9,323 7.742 8,306 100,301 Schools Other general donations HMRC Glft Ald 4.087 5.070 57,047 4,087 5,070 57,047 3,223 9,510 176,985 Grants and Donatlons- Prfor Year Unrestricted Deslgnated Funds Unrestricted Genral Funds Restricted FurK15 Total Funds 202Z 2022 2022 2022 Individual5: Regular donations Other donations 28.194 20.451 28,194 27,451 7,CKIO Churches: Regular donations Other donatioris 8,306 8.306 100.301 11)0,301 Schools Other general donations HMRC Gift Aid 3,223 9,510 169,985 3,223 9,510 176,985 7,000 UNIVIDA NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 DECEMBER 2023 Expenditure Vnrestricted Restricted Funds Generdl FU￿ Funds Total Funds Total Funds 2023 2023 2023 2022 Raislng Funds Travel costs and health insuran 5.811 5,811 8,985 Charitable Artivities: Grants to Brazil 49.(KX) 162 56,OlXI 162 99,722 Insurance Stationery Postage Computer software Bank charges Sundry expenses Total cost of Charitable Aetivtie5 210 300 300 300 523 343 343 13 13 326 49,818 7.000 56,818 101,083 Govemance costs Accountancy 400 300 Totsl resources expended 56,029 7,000 63.029 110,368 14 UNWIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 EXpenditU￿- Prior Year Unrestricted Unrestrfrted Designated General Funds Funds Restrlrted FurKIs Totsl Funds 2022 2012 2022 Raising Funds Travel costs and health Insurance 8.985 Charltsble Artivities: Grants to Brazil 99.722 99.722 Insurance Stationery Postage Computer consumbles Bank charges Sundry expenses Total cost of Charitable Activties 210 210 300 300 523 523 326 326 101.083 101,083 Governance costs Accountancy 300 Total resources expended 110,368 110,368 Sundry Debtors 2023 2022 Gift Aid 3,537 3,537 15 UNIVIDA NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Movement In fvnds Year Ended 31 December 2023 At Transfers Between Expenditure Funds At ljan 2022 31 Dec Income 2023 Unrestricted General Funds 41,568 41,568 58,475 58.475 56,029 56,029 44,014 44,014 80,000 80.000 Unrestritted Deslgnated Funds Restrfrted Funds {7.O¢X)) 17.0001 Total Funds 128568 58,475 49,029 124,014 Dèscription and purpose of fvnds and trdnsfers Free reseThes Unrestricted General Funds are the free reserves of the charity. These funds are available for use at the discretion of the Trustees in furtherance of the general objertives of the Charity and have not been designated for other purwses. £69,000 was transferred to Unrestricted Designated funds out of the legacy gift received during the year. Unrestrirted Designated Funds Unrestricted Designated funds are funds set aside by the Trustees for specrfc proJects. £69,000 of the legacy gift was transferred Into the funds to be used for future projects as decided by the Trustees. Restrirted Funds Restricted Fund balances are funds to be used according to the wishes of the donor. not distrib￿ed at the year end. Movement in funds- Prior year At At ljan 31 Dec 2022 Expenditurt Transfers 2022 Unrestricted General Funds 50,746 50.746 11.000 li.( 170,190 170,1 110,368 110,368 169,0001 169.0001 69,000 69.000 41,568 41,568 80,000 80,000 7,000 7,000 Unrestricted Designated Funds Restricted Funds Total Funds 61.746 177.190 110,368 128.568 16 UNIVIDA NOTES TO THE FINANCIAL STATEMEPITS YEAR ENDED 31 DECEMBER 2023 Analysis of net assets between funds Unrestricted Unrestricted Designated Generdl FurKls Fund5 Restricted Funds Totsl Funds 2023 2023 2023 2023 Current assets Current liabilities 44,414 14001 80.OIXI 124,414 14001 44.014 124.014 Analysis of net assets between funds- Prfor Year Unrestricted Restrfrted Funds General Funds Funds Total Funds 2022 zo 2022 Current assets Current liabilitles 41868 131KJI 80.1￿) 128,868 13001 41.568 128,568 17