Company registration number: 06689965 Charity registration number: 1137047
## **DEKI LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2024 TO 31 DECEMBER 2025**
**Deki empowers communities to be resilient to poverty and the effects of climate change**
## **Deki Limited Contents**
||**Page**|
|---|---|
|Trustees' Report|1—9|
|Independent Examiner's Report|10|
|Statement of Financial Activities (including Income and Expenditure Account)|11|
|Comparative Statement of Financial Activities (including Income and Expenditure Account)|12|
|Balance Sheet|13|
|Notes to the Financial Statements|14—20|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure Account)|21—22|
**Deki Limited Company No. 06689965 Trustees' Report For the Period 1 October 2024 to 31 December 2025**
## **A LETTER FROM THE FOUNDER & CEO**
2025 has been a year of learning and growth, as we began implementing our three-year strategy and laying the foundations for long-term, community-led change.
Over the year, we have strengthened the alignment between programme delivery and how we measure and evidence impact. This has improved our understanding of what is working, where we are learning, and how to strengthen our approach.
This year, we demonstrate how our work contributes to the United Nations Sustainable Development Goals (SDGs), placing Deki’s impact within a wider global context. It also highlights opportunities to work more holistically across our programmes in Togo, ensuring that interventions reinforce one another and deliver more sustainable outcomes.
Our work is grounded in the leadership of local communities and delivered by our team in Togo. I would like to recognise the leadership of Christian Kadangah, whose work continues to strengthen delivery, learning, and locally led development.
We are equally grateful to our donors and partners. Their continued support and trust enable us to invest in approaches that prioritise long-term resilience over short-term outputs.
Looking ahead to 2026, our focus will be on bringing our programmes together under a single, replicable model for building resilience to poverty and climate change. This model will be piloted during the year, with the aim of strengthening impact, sustainability, and the potential for scale.
During this period, we have also extended our financial year from October 2025 to December 2025 to align future reporting with the calendar year. As a result, these accounts cover a 15-month period.
With gratitude,
Vashti Seth Founder and CEO
Page 1
Deki Limited
Trustees, Report (continued)
For the Period l October 2024 to 31 December 2025
WHAT WE DO
WOMEN EMPOWERMENT
We empower women to become leaders arKI role models in their
communltie& Through training resource4 and OPPDrtuniti8S, VI8
build their confidence and resilience, placing them at the heart of
our efforts to drlv8 soclal. 8nvlronmentol. and economlc progr8SS.
SUSTAINABLE AGRICULTURE
By promoting organic fafming technique4 w8 h8lp
smallholder farmars incroaso yi81d4 improve soil heolt
and r8duc8 8nvlronm8ntal d8gradatlon. Th8S8 practlc85
play a crucial role in t)uiklin9 resilienco again8t climate
chang8 imFXJCts.
ETHICAL MICROFINANCE
We provid8 small loans and financial training to Women
Empowerment Collectives and Farming Cooporative*
8nabllng th8m to start or grow busSn8SS84 Improve Ih/8llhoods,
and strangthen families. resilience to Poverty.
SAFE WATER
We rohabllltate boreholes to Improv8 access to saf8 WCrt8r
ond provide w(rter, sanitation and health (WASH) training.
This ensure$ communities have the necessary r8sourc8s to
thrlv8 and reduc8s th8 rlsks ossockrted wlth VKJterbom8
disease8.
L8
CARBON REDUCTION
Through Inltlatlv8s such as blochor productlon arKI Improved
cookstove4 we reduce carbon 8mi88ions and defore8tatio
helplng communities mftigats and adapt to the challenges
posed by clim(rte change.
Page 2
**Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
Page 3
Deki Limited
Trustees, Report (continued)
For the Period l October 2024 to 31 December 2025
2025 HEADLINE NUMBERS
81.000
P•opl• r•)w hav•txcMIIo
F• wohr In Tog9.
D•¢•nkn•r 2025
Hows sav•d coll•¢rf
8. 2224
1861
rn•mb•rnvffthrmk4
000
276
137
A¢llv•
Coll•ctlv•s
2048
1293
Enyw•rmontCollKWv•s
Govemance
12%
Q500.000
distribthd in mivoloons
80% of whorn gr• wom•n
Fundraising
13%
How D•kl'• fund* ur• sp•nt
For every £1 Dgki raises
75p goa8 on programme
dellvery
13p on fundraising
12p on govemance
Programmg Dglivgry
75%
Page 4
## **Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
## **Case Study - Djangomé Community**
Before partnering with Deki, families in Djangomé faced a combination of challenges that limited their ability to improve their livelihoods. Farming was constrained by a lack of financial resources, resulting in small plots and low yields. At the same time, women spent hours walking long distances to collect water from unsafe sources, while cooking on traditional three-stone fires exposed families to smoke-related illness and required large amounts of firewood.
Deki’s approach has been to address these challenges together - combining access to microfinance, safe water, improved cookstoves, and community-based training.
“Before, we didn’t have the money to farm the way we wanted… Now we can farm larger areas, grow more crops, and earn a better income after selling our produce.”
Access to loans has enabled families to invest in seeds, inputs, and skilled labour, allowing them to cultivate larger areas of land and increase yields and income. Reliable access to safe drinking water, through the rehabilitation of a community borehole, has improved health and reduced the time and energy spent collecting water. Improved cookstoves have reduced firewood use, lowered household costs, and improved respiratory health, while also saving time that can be redirected into farming and other productive activities.
“Since we have had access to these services… our lives have been transformed. Today, our voices count when decisions are made.”
Alongside these practical changes, women’s participation in mothers’ clubs and cooperatives has strengthened their role within the community, increasing confidence, leadership, and involvement in decision-making.
Together, these changes show how Deki’s holistic model strengthens income, health, and leadership at the same time - enabling communities to move beyond short-term improvements and build long-term resilience to poverty and climate change.
Page 5
**Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
## **Financial Review**
## **Financial Position**
Deki recorded a surplus of £112,592 on unrestricted funds in the past 15-month accounting period. Free reserves at year-end were £200,299.
The Board of Trustees aims to maintain unrestricted reserves equivalent to three months' expenditure. Based on 2024-25 spending of £229,373 this target equates to a minimum unrestricted cash reserve of £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 £229,373 on such costs in 2024-25, we aim to have unrestricted cash reserves of at least £30,000.
## **Restricted funds**
Deki has £30,056 restricted for lending (2024 £57,664). 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.
Additionally, restricted funds support our Safe Water Project in Togo.
## **Additional notes**
## **Remuneration Policy**
Deki ensures staff are fairly paid to attract and retain talent necessary to achieve its charitable objectives. As per the Charities SORP 2015 (FRS 102), the Companies Act 2006, and the Charities Act 2011, Deki discloses the following:
- Payments to Trustees (none received remuneration, although reasonable expenses may be claimed).
- The number of staff earning over £60,000 annually (in £10,000 bands).
- Pensions and other benefits
The remuneration policy aims to provide incentives for enhanced performance while remaining sensitive to external benchmarks. No staff member earned more than £60,000 in the past year.
Interns are fairly compensated, with all employees earning at least the living wage.
## **Sub-Committees and Advisory Groups**
Deki has three committees and advisory groups: the Audit, Finance and Risk Committee, the International Programmes Advisory Group, and the Business Development Advisory Group. Each group operates under terms of reference set by the Board and meets approximately every 12 weeks.
## **Management Structure**
The Trustees employ a salaried Chief Executive to manage the organisation and implement strategic objectives. The Chief Executive oversees the Programmes and Partnership Manager and Business Development Manager.
Page 6
**Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
## **Structure, Governance and Management**
## **Governing Document**
Deki was incorporated on 5 September 2008 as a company limited by guarantee, previously operating as a community interest company (CIC). In July 2010, recognising that Deki's activities aligned better with charitable objectives, the directors decided to transition from a CIC to a company limited by guarantee. 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 extended it's reporting date from 30 September 2025 to 31 December 2025. These financial statements are for a 15 month long period of account.
The charity is overseen by a Board of Trustees, comprising five members as of 30 September 2023.
The Trustees meet quarterly 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.
## **Trustee Selection Methods**
The Trustees strive to maintain a broad mix of skills across the Board. If a skills gap is identified, new Trustees are recruited via the Deki website and other relevant networks. Recruitment follows a formal process, requiring applicants to submit a CV and cover letter. Shortlisted candidates are invited for an interview.
Prospective Trustees are invited to attend a Board meeting as observers before their trusteeship is confirmed. They are provided with the charity’s memorandum and articles of association, the most recent accounts, and the Charity Commission publication _CC3 – The Essential Trustee._
## **Additonal notes**
## **Risk Management**
Deki’s Trustees acknowledge their overall responsibility for the efficient operation of the charity and their duty to review risks to which the charity is exposed, implementing effective risk management procedures. Risk management is integrated into the charity’s trustee reporting framework and is regularly discussed during Board 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 and Whistleblowing**
We are committed to protecting all children and adults from all forms of abuse, expecting everyone in our organisation to share this commitment. Two references are requested for every staff and volunteer member, and we reserve the right to request a Disclosure and Barring Service (DBS) check where appropriate.
We have a dedicated Risk and Safeguarding Trustee, and safeguarding officers in both the UK and Togo, who review our safeguarding policies annually.
Deki promotes a culture of honesty and integrity. Team members are encouraged to report suspected wrongdoing promptly, ensuring confidentiality and protection from reprisals. Clear guidance is provided for raising concerns in good faith.
We prioritise safeguarding in all communities where Deki operates. Posters with reporting numbers and clear instructions are displayed, and our Lomé-based safeguarding team monitors all calls and texts, providing necessary support.
Annual safeguarding training is mandatory for all Togolese staff, contractors, and external partners to ensure they contribute to community safety.
The safeguarding officer visits communities regularly, fostering trust, encouraging beneficiaries to express concerns openly, with reassurance that all reports will be treated seriously and without fear of reprisals.
Page 7
**Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
## **Reference and Administrative Details**
## **Trustees**
R Carter (Chair appointed 29/04/2025) S G Rimmer (Treasurer) M A Burchfield (appointed 13/01/2025) E Marin-Yanez M M Nino-Zarazua S Cooper (resigned 25/07/2025) S Van Den Bruel (resigned 25/10/2025)
## **Charity Number**
1137047
## **Company Number**
06689965
## **Registered Office**
40 Berkely Square 40 Berkeley Square Bristol BS8 1HP
## **Independent Examiner**
Dick Maule FCA The Cross House South Woodchester GL5 5EL
Page 8
**Deki Limited Trustees' Report (continued) For the Period 1 October 2024 to 31 December 2025**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Deki Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
S G Rimmer Trustee 08/07/2026
Page 9
**Deki Limited Independent Examiner's Report to the Trustees of Deki Limited For the Period 1 October 2024 to 31 December 2025**
I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 December 2025.
## **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 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 the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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).
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 accounts to be reached.
## **Emphasis of matter**
As explained in notes to the accounts, 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
Date:
Dick Maule FCA The Cross House South Woodchester GL5 5EL
Page 10
## **Deki Limited**
## **Statement of Financial Activities (including Income and Expenditure Account) For the Period 1 October 2024 to 31 December 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Community Development Projects
Investments
**4**
**EXPENDITURE ON:**
Raising funds
**6**
Charitable activities:
**6**
Community Development Projects
NET INCOME
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS:**
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
**16**|**Unrestricted**
**funds**
**£**
331,850
9,907
208|
**Restricted**
**funds**
**£**
2,500
89,003
-|**31**
**December**
**2025**
**Total funds**
**£**
334,350
98,910
208|**30**
**September**
**2024**
**Total funds**
**£**
369,452
133,005
234|
|---|---|---|---|---|
||341,965|
91,503|
433,468|
502,691|
||(63,153 )
(166,220 )|
(174)
(181,465 )|(63,327 )
(347,685 )|(44,485 )
(366,365 )|
||(229,373 )|
(181,639 )|
(410,012 )|
(410,850 )|
||112,592|
(90,136 )|
22,465|
91,841|
||50,214
150,235|
(27,609 )
57,664|
22,465
207,899|
91,841
116,058|
||200,299|
30,056|
230,355|
207,899|
The notes on pages 14 to 19 form part of these financial statements.
Page 11
## **Deki Limited**
## **Comparative Statement of Financial Activities (including Income and Expenditure Account) For the Period 1 October 2024 to 31 December 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Community Development Project
Investments
**4**
**EXPENDITURE ON:**
Raising funds
**6**
Charitable activities:
**6**
Community Development Project
NET INCOME
Transfers between funds
**16**
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS:**
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
**16**
The notes on pages 14 to 19 form part of these financial statements.|**Unrestricted**
**funds**
**£**
345,482
14,246
234|
**Restricted**
**funds**
**£**
23,970
118,759
-|**2024**
**Total funds**
**£**
369,452
133,005
234|
|---|---|---|---|
||359,962|
142,729|
502,691|
||(44,484 )
(226,361 )|
(1 )
(140,004 )|
(44,485 )
(366,365 )|
||(270,845 )|
(140,005 )|
(410,850 )|
||89,117
1,150|
2,724
(1,150 )|
91,841
-|
||90,267
59,968|
1,574
56,090|
91,841
116,058|
||150,235|
57,664|
207,899|
|||||
Page 12
## **Deki Limited Balance Sheet As At 31 December 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Debtors
**12**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**13**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than**
**One Year**
**14**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
**16**|**Unrestricted**
**funds**
**£**
1,821|
**Restricted**
**funds**
**£**
-|**31**
**December**
**2025**
**Total funds**
**£**
1,821|**30**
**September**
**2024**
**Total funds**
**£**
-|
|---|---|---|---|---|
||1,821
377,005
60,954|
-
-
30,055|
1,821
377,005
91,009|
-
238,341
111,842|
||437,959
**(239,480 )**|
30,055
**-**|
468,014
**(239,480 )**|
350,183
**(125,517 )**|
||**198,479**|
**30,055**|
**228,534**|
**224,666**|
||**200,300**|
**30,055**|
**230,355**|
**224,666**|
||**-**|
**-**|
**-**|
**(16,767 )**|
||**200,300**|
**30,055**|
**230,355**|
**207,899**|
||||30,055
200,300|
57,664
150,235|
||||230,355|
207,899|
For the period ending 31 December 2025 the charitable 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 in accordance with section 476 of the Companies Act 2006. The trustees 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.
On behalf of the board
S G Rimmer Trustee 08/07/2026
The notes on pages 14 to 19 form part of these financial statements.
Page 13
**Deki Limited Notes to the Financial Statements For the Period 1 October 2024 to 31 December 2025**
## **1. General Information**
Deki Limited is a company limited by guarantee, incorporated in England & Wales, registered number 06689965 and registered charity number 1137047 . The registered office is 40 Berkely Square 40 Berkeley Square, Bristol, BS8 1HP.
## **2. Accounting Policies**
## **2.1. Basis of Preparation of Financial Statements**
The financial statements 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## **2.2. Going Concern Disclosure**
The Trustees have adopted the going concern basis for the reasons outlined in the Trustees Report and as within the notes to the accounts.
## **2.3. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
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.
## **2.4. Incoming Resources**
Income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
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.
## **2.5. Resources Expended**
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
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.
Raising funds include those costs associated with fundraising, including events.
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.
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.
## **2.6. Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 3 years straight line Computer Equipment 3 years straight line
3 years straight line
Page 14
## **Deki Limited Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
## **2.7. Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## **2.8. Foreign Currencies**
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
## **3. Income from Donations and Legacies**
|Donations and gifts
Gift aid
Donations and gifts
Gift aid
**4.** **Investment Income**
Bank interest receivable
**5.** **Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Bad debts
Depreciation of tangible fixed assets - owned|**Unrestricted**
**funds**
**£**
322,703
9,147|
**Restricted**
**funds**
**£**
2,500
-|**31**
**December**
**2025**
**Total**
**funds**
**£**
325,203
9,147|
|---|---|---|---|
||331,850|
2,500|
334,350|
||**Unrestricted**
**funds**
**£**
342,664
2,818|
**Restricted**
**funds**
**£**
23,970
-|**30**
**September**
**2024**
**Total**
**funds**
**£**
366,634
2,818|
||345,482|
23,970|
369,452|
|||**31**
**December**
**2025**
**Unrestricted**
**funds**
**£**
208|**30**
**September**
**2024**
**Unrestricted**
**funds**
**£**
234|
Page 15
**Deki Limited Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
## **6. Analysis of Expenditure**
|Raising funds
Community Development Projects
Raising funds
Community Development Projects
**.** **Support Costs**
Employee costs
General administration
Depreciation
Interest payable|**Activities**
**undertaken**
**directly**
**£**
4,062
347,110|**Support**
**costs**
(see note7)
**£**
59,265
575|**31**
**December**
**2025**
**Total**
**£**
63,327
347,685|
|---|---|---|---|
||351,172|
59,840|
411,012|
||**Activities**
**undertaken**
**directly**
**£**
-
365,840|**Support**
**costs**
(see note7)
**£**
44,485
525|**30**
**September**
**2024**
**Total**
**£**
44,485
366,365|
||365,840|
45,010|
410,850|
||**Raising**
**funds**
**£**
48,748
9,422
295
800|**Community**
**Development**
**Project**
**£**
-
575
-
-|**31**
**December**
**2025**
**Total**
**£**
48,748
9,997
295
800|
||59,265|575|
59,840|
## **7. Support Costs**
Page 16
**Deki Limited Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
|Employee costs
General administration|**Raising**
**funds**
**£**
37,212
7,273|**Community**
**Development**
**Projects**
**£**
-
525|**30**
**September**
**2024**
**Total**
**£**
37,212
7,798|
|---|---|---|---|
||44,485|
525|
45,010|
## **8. Independent Examiner's Remuneration**
|**8.** **Independent Examiner's Remuneration**|||
|---|---|---|
|Independent examination of the financial statements
**9.** **Staff Costs**
Staff costs were as follows:
Wages and salaries
Social security costs|**31**
**December**
**2025**
**£**
575
**31**
**December**
**2025**
**£**
144,930
2,994
147,924|**30**
**September**
**2024**
**£**
525|
|||**30**
**September**
**2024**
**£**
109,040
2,208|
|||111,248|
## **9. Staff Costs**
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## **10. Average Number of Employees**
Average number of employees during the period was: 3 (2024: 3)
## **11. Tangible Assets**
|**Cost**
As at 1 October 2024
Additions
As at 31 December 2025
**Depreciation**
As at 1 October 2024
Provided during the period
As at 31 December 2025|**Plant &**
**Machinery**
**£**
39,073
2,116
41,189
39,073
295
39,368
...CONTINUED|
|---|---|
Page 17
**Deki Limited Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
## **Net Book Value**
|As at 31 December 2025
As at 1 October 2024
**2.** **Debtors**
**Due within one year**
Other debtors
**3.** **Creditors: Amounts Falling Due Within One Year**
Trade creditors
Bank loans and overdrafts
Other creditors
Taxation and social security
Accruals and deferred income
**4.** **Creditors: Amounts Falling Due After More Than One Year**
Bank loans
**5.** **Loans**
n analysis of the maturity of loans is given below:
Amounts falling due within one year or on demand:
Bank loans
Amounts falling due between one and five years:
Bank loans|1,821
-
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
377,005
238,341
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
444
8,233
15,660
3,000
-
3,600
1,743
2,384
221,635
108,300
239,480
125,517
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
-
16,767
**31 December**
**2025**
**30 September**
**2024**
**£**
**£**
15,660
3,000
**31 December**
**2025**
**30 September**
**2024**
**£**
**£**
-
16,767|1,821
-
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
377,005
238,341
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
444
8,233
15,660
3,000
-
3,600
1,743
2,384
221,635
108,300
239,480
125,517
**31**
**December**
**2025**
**30**
**September**
**2024**
**£**
**£**
-
16,767
**31 December**
**2025**
**30 September**
**2024**
**£**
**£**
15,660
3,000
**31 December**
**2025**
**30 September**
**2024**
**£**
**£**
-
16,767|1,821|
|---|---|---|---|
||||-|
||||**30**
**September**
**2024**
**£**
238,341|
||||**30**
**September**
**2024**
**£**
8,233
3,000
3,600
2,384
108,300|
||||125,517|
||||**30**
**September**
**2024**
**£**
16,767|
|||**30 September**
**2024**
**£**
16,767||
## **12. Debtors**
## **13. Creditors: Amounts Falling Due Within One Year**
## **14. Creditors: Amounts Falling Due After More Than One Year**
## **15. Loans**
An analysis of the maturity of loans is given below:
Page 18
**Deki Limited**
## **Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
## **16. Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
Designated:
Designated
**Total unrestricted funds**
**Restricted funds**
Microfinance Donations
Clean Water Project
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Microfinance Donations
Clean Water Project
**Total restricted funds**
**Total funds**|**As at 1**
**October**
**2024**
**£**
150,235
-|**Income**
**£**
317,365
24,600|**Expenditure**
**£**
(229,373 )
-|**Gains and**
**losses**
**£**
(37,928 )
(24,600 )|**As at 31**
**December**
**2025**
**£**
200,299
-|
|---|---|---|---|---|---|
||150,235|
341,965|
(229,223 )|
(62,528 )|
200,449|
||56,992
672|
2,500
89,003|
(92,480)
(89,159)|
63,044
(516)|
30,056
-|
||57,664|
91,503|
(181,639 )|
62,528|
30,055|
|||||||
||207,899|
433,468|
(410,863 )|
-|230,355|
||**As at 1**
**October**
**2023**
**£**
59,968
56,090
-|**Income**
**£**
359,962
23,970
118,759|**Expenditure**
**£**
(270,845 )
(23,068)
(116,937)|**Transfers**
**£**
1,150
-
(1,150)|**As at 30**
**September**
**2024**
**£**
150,235
56,992
672|
||56,090|
142,729|
(140,005 )|
(1,150 )|
57,664|
|||||||
||116,058|
502,691|
(410,850 )|
-|207,899|
## **17. Related Party Disclosures**
No trustee received remuneration or claimed expenses in the current or prior year and no expenses were waived.
## **18. Controlling Parties**
The Trustees as a body are the controlling party of the entity.
Page 19
**Deki Limited Notes to the Financial Statements (continued) For the Period 1 October 2024 to 31 December 2025**
## **19. Additional notes**
## **Going Concern**
The Trustees have prepared these accounts on a going concern basis. The unrestricted funds of the charity at 30 September 2024 were in surplus by £200,299 (2024: £15,235) which is 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.
## **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.
Page 20
## **Deki Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For the Period 1 October 2024 to 31 December 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations from lenders
Trusts and foundations
Other grants and donations
Gift aid
**Charitable Activities:**
**Community Development Projects**
Income from contracts for the supply of services CO2 balance
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Raising funds**
Support and administration costs
Miscellaneous
Wages and salaries
Marketing costs
Sundry expenses
Other fundraising costs
Depreciation
Bank charges
Bank loan interest
**Charitable Activities:**
**Community Development Projects**
Projects
Wages and salaries
Employers NI
Staff training costs
Travel and subsistence expenses
Accountancy
Rent costs
Computer software, IT consumables and maintenance
Support and administration costs
Provision for loan defaults
Miscellaneous|**31**
**December**
**2025**
**Total funds**
**£**
1,920
243,456
79,827
9,147|**30**
**September**
**2024**
**Total funds**
**£**
1,705
275,349
89,580
2,818
369,452
133,005
133,005
234
234
502,691
-
-
(37,212)
(5,769)
1
(1,505)
-
-
-
(44,485)
(256,045)
(70,149)
(2,208)
(1,679)
(7,909)
(6,089)
(9,962)
(2,442)
(1,244)
(902)
(1,548)
...CONTINUED|
|---|---|---|
||334,350
98,910||
||98,910
208||
||208||
||433,468
(2,938)
(1,124)
(48,748)
(4,166)
-
(5,256)
(295)
(185)
(615)||
||(63,327)
(211,053)
(95,598)
(2,994)
(584)
(9,451)
(7,366)
(14,476)
(2,001)
-
-
-||
Page 21
## **Deki Limited**
## **Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For the Period 1 October 2024 to 31 December 2025**
|Foreign exchange loss
Independent examiner's fees
**NET INCOME**|(3,587)
(575)|
(5,663)
(525)|
|---|---|---|
||(347,685)|
(366,365)|
||(411,012)|
(410,850)|
||**22,456**|**91,841**|
Page 22