Deki Ltd Annual Accounts October 2022 to September 2023
**Deki empowers communities to be resilient to poverty and the effects of climate change**
Charity Number: 1137047
## **About Deki**
## **Our Holistic Approach**
Deki is an international development charity working in Togo, West Africa with a vision for a world of opportunity, not poverty. Through community development projects, education, and microfinance, we are building resilient communities by empowering families to make positive change for themselves.
We are a dedicated team based primarily in Togo, with a small team in Bristol. Historically we have supported over 200,000 people across 6 different countries.
At Deki, we believe that local communities are intrinsically capable and should be given the opportunity to improve their own futures. We empower local communities by giving them the tools they need to become resilient to poverty and the effects of climate change. We enable the communities themselves to be the agents of change by supporting them to work together to build better futures.
Our work is led by the needs of local people, to ensure we make the most effective impact possible.
Through building strong relationships with rural communities, our partners, and government agencies, we have developed a deeper understanding of the needs faced at a local level.
Deki’s dedicated impact team visits each village so we can better understand the needs and wishes of each community and how best to empower them to build a better future for themselves.
By working together, we provide families with the tools and resources they need to become resilient and self-sufficient, breaking the cycle of poverty for good. We believe in long-term, self-sustaining change and prioritise local solutions to community development.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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"When the roots are deep, there is no reason to fear the wind."
## **A Letter from the Founders**
This year’s African proverb aptly articulates how, with strong foundations, communities can build resilience and is the basis of our holistic approach.
**As the founders of the sister organisations Deki and IADES, we have always had a strong belief that development should be community-led and that community members themselves can create the changes they want to see. When we began our partnership, we focused on microfinance, alongside business and financial training, which continues through our Agricultural Cooperatives and Women Empowerment Collectives.**
After carrying out extensive needs assessments in 2019, we learned that the basic needs of families were not being addressed. For a community to build resilience to poverty and climate change, they need to have access to safe drinking water, improved cookstoves, and community healthcare.
**It is by providing access to these basic needs that we can grow the deep roots required for microfinance to work at its best and for communities to become resilient.**
In the last 12 months, we have continued to rehabilitate broken boreholes, bringing safe drinking water to a total of 123 communities. We built a cookstove workshop that employs 21 local people to make energy-efficient cookstoves from local clay and scrap metal, halving the amount of wood required each day and saving women an hour a day in collecting wood. In 2023 we distributed over 4,000 cookstoves. We launched our Health Care for All project, and this year we plan to build 12 community Health Hubs. We also continued to significantly grow our two microfinance projects.
## **2023 brought with it significant growth and development, of which none would be possible without our strong partnership and passionate and hardworking local team of nearly 50 people in Togo.**
We are incredibly grateful for the continued generosity of our supporters, without whom none of this work would be possible.
Best wishes,
Vashti Seth and Christian Kadangah Founders and Directors of Deki and IADES.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Project Impact 2023**
Together in 2023 we impacted the lives of over 60,000 people
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Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Agricultural Cooperatives**
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Structure, Management & Governance**
Deki was incorporated on 5 September 2008 as a company limited by guarantee, previously operating as a community interest company (CIC). In July 2010, recognizing that Deki's activities aligned better with charitable objectives, the directors decided to transition from a CIC to a company limited by guarantee. Subsequently, on 23 July 2010, the company successfully obtained registered charity status.
The company is governed by its memorandum and articles of association dated 5 September 2008, as amended on 1 February 2010.
The charity is governed by a Board of Trustees, currently numbering six as of 30th September 2022.
The Trustees meet every three months to oversee the charity's strategic direction and policies, contributing their time voluntarily without receiving benefits.
Day-to-day operations are delegated to a part-time staff team, including the Chief Executive Officer, Programmes and Partnership Manager, Business Development and Project Manager, Business Development Officer.
The Trustees endeavour to maintain a broad mix of skills across the Board of Trustees. If a skills gap is identified, new Trustees are recruited via the Deki website and through other relevant networks. Deki actively seeks against a job description and there is a formal process that requires applicants to submit a CV and a cover letter, and those short-listed are invited to interview. Potential new Trustees are invited to attend a Board of Trustees meeting as an observer before their Trusteeship is confirmed. They are given a copy of the charity’s Memorandum and Articles of Association and a copy of the charity’s most recent accounts. New Trustees are also given a copy of the Charity Commission publication “CC3 – The Essential Trustee.”
## **Risk Management**
Deki’s Trustees acknowledge that they have overall responsibility for the efficient operation of the charity and that they have a duty to review the risks to which the charity is exposed and to implement effective risk management procedures. Risk management is built into the charity’s trustee reporting framework and are regularly discussed during trustee meetings.
The Trustees have complied with their legal duty under the Charities Act 2011 to have due regard to the Public Benefit guidance published by the Charity Commission.
## **Safeguarding**
We are committed to protecting all children and adults against all forms of abuse and we expect everyone who works in our organisation to share this commitment. We request two references from every staff and volunteer member working for Deki and reserve the right to request a Disclosure and Barring Service (DBS) check if appropriate. We have a Risk and Safeguarding Trustee, Valentine Granet.
We have dedicated safeguarding officers in both the UK and Togo, who review our safeguarding policies on an annual basis.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Whistleblowing**
Deki promotes a culture of honesty and integrity. Our team mare encouraged to report suspected wrongdoing promptly, ensuring confidentiality and protection against reprisals. Clear guidance is provided on raising concerns in good faith.
In Togo, all beneficiaries receive a confidential phone number for reporting safeguarding concerns. Furthermore, our Togo offices are equipped with securely locked complaint boxes, exclusively accessible by our designated safeguarding officer. To foster a culture of trust, our safeguarding officer consistently visits beneficiary groups, actively encouraging the open expression of concerns in good faith. Importantly, individuals are reassured that their concerns will be treated seriously, appropriate action will be taken, and there will be no reprisals, even if concerns ultimately prove to be unfounded.
## **Financial Review**
Deki recorded a surplus of £80,667 on unrestricted funds in the past year. Free reserves at yearend were £59,968. The Board of Trustees aims to maintain unrestricted reserves at three months' expenditure this is based upon spending of £93,255 on such costs in 2022-23, we aim to have unrestricted cash reserves of at least £30,000.
## **Reserves policy**
The Board of Trustees has determined that the target level of unrestricted reserves of the charity should be equivalent to not less than three months' expenditure. This would provide sufficient funds to cover management, administration, and support costs in the event of an unexpected reduction in donations. Based upon spending of £93,255 on such costs in 2022-23, we aim to have unrestricted cash reserves of at least £30,000.
## **Restricted funds**
Deki has £56,090 restricted for lending (2022 £64,565). These funds are managed by Deki and relent once repaid by the Deki entrepreneurs. These funds will not be withdrawn or spent. The funds may reduce due to fluctuations in exchange rates when loans are repaid. This may also be reduced on non-repayment of loans by beneficiaries.
We also received restricted funds for our Clean Water Project: implementing and maintaining a Gold Standard Safe Water Supply Project in Togo.
Restricted public donations were also raised through the Big Give Appeal for our agricultural cooperative project.
Restricted internships funding was received to pay the salaries of interns.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Remuneration policy**
Deki is committed to ensuring that we pay our staff fairly and in a way that ensures we attract and retain the right skills to have the greatest impact in delivering our charitable objectives. In accordance with the Charities the Statement of Recommended Practice 2015 (FRS 102), the Companies Act 2006, and the Charities Act 2011, Deki discloses the following:
- All payments made to Trustees (no Trustees receive ‘pay’ although they are entitled to claim for appropriate expenses)
- The number of staff in receipt of more than £60,000 (in bands of £10,000)
- Pensions and other benefits
The Deki’s remuneration policy objective is to ensure that the CEO and staff team are provided with appropriate incentives to encourage enhanced performance and are, in a fair and responsible manner, rewarded for their individual contributions to the success of the Charity. The appropriateness and relevance of the remuneration policy is reviewed annually including reference to comparisons with other charities ensuring Deki remains sensitive to the broader issues e.g. pay and employment conditions elsewhere. None of our staff earned more than £60,000 in the year.
We aim to recruit, subject to experience, at the lower – medium point within a band, providing scope to be rewarded for excellence. We do not employ interns without pay and we pay the living wage for all our staff.
## **Sub-Committees and Advisory Groups**
Deki has three committees and advisory groups: Audit, Finance, Risk Committee, International Programmes Advisory Group, Business Development Advisory Group. Terms of reference for each are agreed by the Board. Each group reports to the Board their discussions of relevant matters and advise on decisions, which are then taken by the Board. All committees are advised and serviced by Deki staff and meet on average every 12 weeks.
## **Management Structure**
Trustees employ a salaried Chief Executive to manage the organisation and implement the strategic objectives. The Chief Executive directly manages the Programmes and Partnership Manager and Business Development Manager, who manages the Business Development Officer.
## **Statutory Information**
Company Number: 6689965 Charity Number: 1137047 Registered Office: 1-3 Gloucester Rd, Bristol, BS7 8AA
## **Trustees**
The trustees who served during the year and up to the date of this report were as follows:
- Consulota Price OBE (Chair) (appointed 11th November 2020)
- Simon Rimmer (Treasurer) (appointed 25th November 2019)
- Max Niño-Zarazúa (appointed 6th November 2016)
- Mark Burchfield (appointed 25th November 2019)
- Richard Tidswell (appointed 25th November 2019)
- Valentine Granet (appointed 11th November 2020)
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Statement Of Trustees’ Responsibilities**
The trustees (who are also directors of Deki Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).
Company 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 charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 06 February 2024 and signed on their behalf by:
Simon Rimmer Treasurer
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **Independent Examiner's report to the trustees of Deki**
I report on the accounts of the company for the year ended 30th September 2023 which are set out on pages 15 to 22.
## **Responsibilities and basis of report**
As the charity 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 company’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.
## **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 that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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)].
## **Emphasis of matter**
As explained in notes 15 and 16, the trustees have made note of their concerns respectively about going concern and the future of the activities of the charity, and the nature of the partner organisation that provides micro credit in Togo.
I have no other 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.
Dick Maule FCA The Cross House South Woodchester GL5 5EL
Date:
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **DEKI LIMITED**
## **Statement of Financial Activities** _(Incorporating an Income and Expenditure Account)_
## **For the year ended 30 September 2023**
|
Note
**Income from:**
Donations and fundraising
2
Investment income
Income from charitable activities
2
**Total income**
**Expenditure on:**
Raising funds
3
Charitable activities
3
**Total expenditure**
**Net income/[expenditure]**
**Reconciliation of funds**
Net income and movement in funds
Transfers between funds
12
Total funds brought forward
12
**Total funds carried forward**
12|Unrestricted
£
147,656
112
26,154
173,922
21,460
71,795
93,255
80,667
80,667
(30,805)
10,106
59,968|Restricted
£
36,887
-
179,573
216,460
-
255,740
255,740
(39,280)
(39,280)
30,805
64,565
56,090|**Year to**
**30/09/2023**
**Total**
**£**
**184,544**
**112**
**205,727**
**390,382**
**21,460**
**327,534**
**348,995**
**41,388**
41,388
**-**
**74,671**
**116,059**|Year to
30/09/2022
Total
£
125,960
8
146,182|
|---|---|---|---|---|
|||||272,149|
|||||33,939
236,593|
|||||270,531
1,618|
|||||1,618
-
73,053|
|||||74,671|
Fund Comparatives are shown in note 6.
The notes on pages 17 to 22 form part of these financial statements.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **DEKI LIMITED**
## **Balance Sheet**
|**As at 30 September 2023**||CompanyNo: 6689965|CompanyNo: 6689965|
|---|---|---|---|
|Note
**Fixed Assets**
Tangible Fixed Assets
8
**Current Assets**
Debtors
9
Cash at Bank and in Hand
**Creditors: Amounts Due Within 1 Year**
10
**Net Current Assets**
**Creditors: Amounts Due After More Than 1**
**Year**
11
**Net Assets**
**Funds**
Restricted Funds
12, 13
Unrestricted Funds:
General Funds
12, 13
**Total Funds**|**£**
**169,182**
**18,790**
**187,973**
**51,119**|**30/09/2023**
**£**
**-**
**136,854**
**(20,795)**
**116,058**
**56,090**
**59,968**
**116,058**|30/09/2022
£
-
81,887
35,084|
||||116,971
18,551|
||||98,421|
||||(23,750)|
||||74,671|
||||64,565
10,106|
||||74,671|
- For the period ending 30th September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
- The charity has opted for an Independent Examination of its accounts to ensure proper accounting of all funds, accurate record-keeping, and compliance with accounting requirements in its financial statements.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the Directors on …................................... and signed on their behalf by
## Simon Rimmer
The notes on pages 17 to 22 form part of these financial statements.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **DEKI LIMITED**
## **Notes to the Financial Statements**
**For the year ended 30 September 2023**
## **1. Accounting Policies**
## a) Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) as updated by Update Bulletin 2, and the Charities Act 2011.
The charity is a public benefit entity as defined under FRS 102.
The Trustees have adopted the going concern basis for the reasons outlined in the Trustees Report and as within note 14 to the accounts.
- b) Income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
- c) Revenue grants are credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless they relate to a specific future period, in which case they are deferred.
- d) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
- e) Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of resource usage.
- f) Raising funds include those costs associated with fundraising, including events.
- g) Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- h) Governance costs relate to the statutory and regulatory costs of running the charity, such as the statutory accounts and board expenses. Governance costs are included within support costs.
i) Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Website development 3 years straight line Computer Equipment 3 years straight line
Items of equipment are capitalised where the purchase price exceeds £500.
- j) Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA.
- k) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
- l) Unrestricted funds are donations and other income received or generated for the charitable purposes.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
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## **DEKI LIMITED**
## **Notes to the Financial Statements**
**For the year ended 30 September 2023**
## **2. Grants and donations**
|**Grants and donations**|||||
|---|---|---|---|---|
|Unrestricted
Restricted
£
**Income from donations**
Donations from Lenders
-
-
Covid relief grants
-
-
Trusts and foundations
129,571
36,887
Other Grants and
Donations
12,703
-
Gift Aid
5,383
-
Total grants and donations
147,656
36,887
**Income from charitable activities**
Income from contracts for the supply of services
CO2 Balance
26,154
179,573||**Year to**
**30/09/2023**
**Total**
**£**
**-**
**-**
**166,458**
**12,703**
**5,383**
**184,544**
**205,727**||Year to
30/09/2022
Total
£
900
1,157
63,165
55,179
5,558|
|||||272,142|
|||||146,182|
The charity received government grants of £nil (2022 £1,157) for Covid relief. There are no unfulfilled conditions or contingencies attaching to these grants in 2022-23.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
Page 18 / 22
## **DEKI LIMITED**
## **Notes to the Financial Statements (continued)**
**For the year ended 30 September 2023**
|**3.**
**Total Expenditure**
**_Charitable Activities_**
Salaries & Wages (Note 5)
Travel
IT Costs
Rent
Office Costs
Projects
Miscellaneous
Bookkeeping & Accountancy
Bank charges & loan interest
Depreciation
Training
Provision for loan defaults
Foreign Exchange Loss
**_Raising Funds_**
Marketing and business development
Wages & Salaries (Note 5)
Other fundraising costs
Total Expenditure|Direct
costs
£
69,014
6,408
-
-
-
221,782
-
-
-
-
31
(467)
2,683
789
18,182
2,489
**320,912**|Support
costs
£
8,283
-
4,055
8,231
565
-
811
5,135
1,003
-
-
-
-
-
-
-
**28,082 **|**Year to**
**30/09/2023**
**Total**
**£**
**77,298**
**6,408**
**4,055**
**8,231**
**565**
**221,782**
**811**
**5,135**
**1,003**
**-**
**31**
**(467)**
**2,683**
**789**
**18,182**
**2,489**
**348,995**|Year to
30/09/2022
Total
**£**
54,980
1,702
4,424
6,688
501
149,911
676
4,318
1,401
1,473
2,640
6,645
1,235
407
30,604
2,928|
|---|---|---|---|---|
|||||270,531|
The total of governance costs for the year were £525 (2022: £525).
|**4.**
**Net Income/(Expenditure)**
This is stated after charging:
Independent Examiner's Fee
Depreciation
**5.**
**Staff Costs and Numbers**
Staff costs were as follows:
Salaries and Wages
Employer's National Insurance
Employer pensions|**Year to**
**30/09/2023**
**£**
**525**
**-**
**Year to**
**30/09/2023**
**£**
**90,317**
**3,065**
**2,098**
**95,480**|Year to
30/09/2022
£
525
1,473|
|---|---|---|
|||Year to
30/09/2022
£
80,927
2,812
1,846|
|||85,584|
No employee earned more than £60,000 during the year (2022 nil).
The average number of employees during the year was 3 (2022: 3) and the full time equivalent 2.1 (2022: 2.1)
No trustee received remuneration or claimed expenses in the current or prior year and no expenses were waived.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
Page 19 / 22
## **DEKI LIMITED**
## **Notes to the Financial Statements (continued)**
**For the year ended 30 September 2023**
## **6. Statement of Financial Activities - previous period**
|
**Income from:**
Donations
Investment Income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net Movement in Funds**
**Transfer between funds**
Total funds brought forward
**Total funds carried forward**|Unrestricted
£
104,839
8
104,847
28,485
69,264
97,749
7,098
(6,420)
9,429|Restricted
£
167,303
-
167,303
5,453
167,329
172,783
(5,480)
6,420
63,624
**64,565**|**Year to**
**30/09/2022**
**Total**
**£**
**272,142**
**8**|
|---|---|---|---|
||||**272,150**|
||||**33,939**
**236,593**|
||||**270,531 **|
||||**1,618**
**-**|
||||**73,053**|
||**10,106**||**74,671**|
## **7. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
|**8.**
**Tangible Fixed Assets**
**Cost**
At 30 September 2022
Additions in year
At 30 September 2023
**Depreciation**
At 30 September 2022
Charge for the period
At 30 September 2023
**Net Book Value**
**At 30 September 2023**
At 30 September 2022
**9.**
**Debtors**
Sundry Debtors & Prepayments
Microfinance Lending Fund|Website
£
37,671
-
37,671
37,671
-
37,671
-
-
**30/09/2023**
**£**
**451**
**168,731**
**169,182**|Computers
£
1,404
-
1,404
1,404
-
1,404
-
-
30/09/2022
£
556
81,331
81,887
|**Year to**
**30/09/2023**
**Total**
**£**
**39,075**
**-**|
|---|---|---|---|
||||**39,075**|
||||**39,075**
**-**|
||||**39,075**|
||||-|
||||**1,473**|
|||||
Deki Ltd Annual Accounts | Oct 22 - Sept 23
Page 20 / 22
## **DEKI LIMITED**
## **Notes to the Financial Statements (continued)**
## **For the year ended 30 September 2023**
|**10.**
**Creditors: Amounts Due Within 1 Year**
Trade Creditors
Other Creditors and Accruals
Loan Credit Held on Behalf of Lenders
Bad Debt Provision
Tax and National Insurance
Bank loan_(£30k payable over 6 years from August 2021)_
The bad debt provision represents 5% of the loan book.
**11.**
**Creditors: Amounts Due After More Than 1 Year**
Bank loan_(£30k payable over 6 years from August 2021)_
**12.**
**Movement in Funds**
B/fwd at
01/10/22
Income
£
£
Unrestricted Funds
10,106
173,922
Restricted funds
Microfinance Donations
64,565
36,887
Clean Water Project
-
179,573
_Transfer is balancing figure_
Total Restricted Funds
64,565
216,460
74,671
390,382
**Movement in Funds - comparatives**
B/fwd at
01/10/21
Income
£
£
Unrestricted Funds
9,429
104,847
Restricted funds
Microfinance Donations
62,876
9,000
Clean Water Project
146,182
Big Give appeal
-
7,415
Internships
748
4,706
Total Restricted Funds
63,624
167,303
73,053
272,149|Expenditure
£
(93,255)
(45,362)
(210,378)
(255,740)
(348,995)
Expenditure
£
(97,749)
(7,312)
(152,603)
(7,415)
(5,453)
(172,783)
(270,531)|**30/09/2023**
**£**
**-**
**42,177**
**94**
**3,600**
**2,248**
**3,000**
**51,119**
**30/09/2023**
**£**
**20,795**
**20,795**
Transfer
£
(30,805)
-
30,805
30,805
(30,805)
Transfer
£
(6,420)
-
6,420
-
-
6,420
(6,420)|30/09/2022
£
-
1,417
100
4,067
9,967
3,000|
|---|---|---|---|
||||18,551|
||||30/09/2022
£
23,750|
||||23,750|
||||**C/Fwd at**
**30/09/23**
**£**
**59,968**
**56,090**|
||||**56,090**
**116,059**|
||||**C/Fwd at**
**30/09/22**
**£**
**10,106**
**64,565**
**-**
**-**
**-**|
||||**64,565**
**74,671**|
Deki Ltd Annual Accounts | Oct 22 - Sept 23
Page 21 / 22
**DEKI LIMITED**
**Notes to the Financial Statements (continued) For the year ended 30 September 2023**
## **12. Movement in Funds (continued)**
## **Purpose of Restricted Funds**
Microfinance Donations: funds donated that are to be made available as microloans to individuals in Africa. Clean Water Project: implementing and maintaining a Gold Standard Safe Water Supply Project in Togo. Big Give Appeal: public donations raised for the Agricultural Cooperative Project. Internships: funding received to pay the salaries of interns. Co-operatives: grants received to support co-operatives in Togo.
## **13. Analysis of Net Assets between Funds**
|Fixed Assets
Other Net Assets
Total Funds as at 30 September 2023
**Analysis of Net Assets between Funds - comparatives**|Unrestricted
Funds
-
59,968
59,968|Restricted
Funds -
Microfinance
donations
-
56,090
56,090|**Total**
**Funds at**
**30/09/23**
**-**
**116,058**|
|---|---|---|---|
||||**116,058**|
|||||
|Fixed Assets
Other Net Assets
Total Funds as at 30 September 2022|Unrestricted
Funds
-
9,165
9,165|Restricted
Funds -
Microfinance
donations
-
65,506
65,506|**Total**
**Funds at**
**30/09/22**
**-**
**74,671**|
|---|---|---|---|
||||**74,671**|
## **14. Ultimate controlling party**
The Trustees as a body are the controlling party of the entity.
## **15. Going Concern**
The Trustees have prepared these accounts on a going concern basis. The unrestricted funds of the charity at 30 September 2023 were in surplus by £59,968 (2022: £10,106) which is in alignment with our reserves policy. Expenditure is budgeted carefully in line with available funding. Therefore the trustees consider it appropriate to continue to adopt the going concern basis in preparing these financial statements. For further details please refer to the Trustees Report.
## **16. Key sources of estimation uncertainty**
Estimation uncertainty exists in respect of the recoverable amount of the charity’s microfinance loan portfolio. In determining whether impairment is required, the trustees consider factors such as the contractual terms of the underlying loan agreements, historic rates of loan default in the territory and applicable local macroeconomic factors that could impact the ability to recover amounts advanced. On this basis, the trustees have considered it prudent to provide for defaults of 5% of the loan capital held in the field.
Deki Ltd Annual Accounts | Oct 22 - Sept 23
Page 22 / 22