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Empower a Child UK
Financial Statements For the year to 31 December 2023
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Charity Number 1149868 Company Number 07672584
EMPOWER A CHILD UK
Contents
| 1. | The Trustees’ Report | 2 |
|---|---|---|
| 2. | Independent Examiner’s Report | 5 |
| 3. | Statement of Financial Activities | 6 |
| 4. | Statement of Financial Position | 7 |
| 5. | Cash Flow Statement | 8 |
| 6. | Notes to the Financial Statements | 9 |
Reference and Administrative Details
Address 17 Sydenham Road London SE26 5EX Trustees Mr James Welch (Chair) Mr. Scott Lawrence Bankers Reliance Bank Faith House 23-24 Lovat Lane London EC3R 8EB Governing Document Memorandum and Articles incorporated 16 June 2011
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 1
EMPOWER A CHILD UK
The Trustees’ Report
Objectives, Activities and Governance
In addition to its status as a not-for-profit charitable company limited by guarantee, Empower a Child UK became a registered charity, no. 1149868 in November 2012. Partnering with organisations of the same name in Uganda, Kenya and the USA, the vision was originally founded by Wilson Kabeera, formerly a sponsored child from Uganda. Our charity registration strengthened the UK contribution to Empower a Child as we work together with the common goal 'to bring confidence and selfsustainability to young people in East Africa. With two current trustees, Empower a Child UK are always looking to strengthen the Trustees with the necessary skills and experience which will enable us to develop the charity.
Public Benefit
Empower a Child UK supports vulnerable young people in East Africa by enabling access to education through child sponsorship. Education is a powerful tool that empowers young people, reduces poverty and increases their confidence. Sponsorship allows young people to approach adulthood better equipped to serve their local community. Empower a Child UK continues to support young people in East Africa through three core projects. Zirobwe village and New Brainstorm School are in Uganda, while Kijungu is a rural village in Tanzania. Sponsorship programmes for young people run at all three locations, and we're thankful for the continued dedication of sponsors who help secure their school education.
Fundraising and charitable activities
New Brainstorm School, Uganda
Gratitude is extended to Lisa Peters for her dedication and passion in sharing New Brainstorm School with the community of Cookham and beyond. The last two years have included a presentation at Bel & Dragon, the support of St. Mary's Church, Hitcham, and a fantastic Summer Fete by Cookham Rise Primary School. We also thank Nick Peters, Emily Barron, and Jason Shaw. The commitment of this volunteer team meant headmaster Nicholas Kintu and the pupils at New Brainstorm School, Uganda, received the dedication and attention they deserved.
Kijungu Village, Tanzania
Thank you to Sue Wilde, who has catalysed a community at Loughborough to pray, volunteer and donate towards Kijungu village in Tanzania. Further, thanks to Alison Childerley for her fundraising efforts and epic commitment to base camp hike Mount Everest.
In Tanzania, the vision of a school building for the community began to be realised when locally fired bricks arrived at the Kijungu village to start the school building process. The foundation and structural build started in 2023.
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 2
Financial Review
Income received in 2023 amounted to £32,169. We received £15,034 for Child Sponsorship and £17,111 for projects.
Reserves Policy and Going Concern
The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to ensure that support and governance costs are covered. The trustees consider that a level of three month's of operating costs is sufficient given the projects currently being run. The balance held as unrestricted funds at 31 December 2023 was £9,419, all of which are regarded as free reserves. Actual three-month unrestricted cash payments totalled £243. The current level of reserves is therefore greater than is needed. The trustees are of the view that Empower a Child UK is a going concern.
Approved by the trustees on 31st October 2024.
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In His Service Scott Lawrence
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EMPOWER A CHILD
I report to the trustees on my examination of the accounts of Empower a Child UK for the year ended 31 December 2023.
Responsibilities and basis of report
As the Charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
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’) and 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Signature: .................................................. Name: Osbert Klass Relevant professional body: Chartered Association of Certified Accountants Address: 18 Mounthurst Road, Hayes, Bromley, Kent BR2 7QN Date: 31st October 2024
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 4
EMPOWER A CHILD UK
Statement of Financial Activities Year to 31 December 2023
| Notes Voluntary Income (2) Expenditure Cost of generating voluntary income Charitable expenses (3) OPERATING SURPLUS/(DEFICIT) Funds brought forward Funds carried forward |
Un - restricted Restricted Total £ £ £ 25 32,145 32,170 - - - 973 42,916 43,889 973 42,916 43,889 (948) (10,771) (11,719) 10,367 35,850 46,217 9,419 25,079 34,498 |
2022 £ 20,056 |
|---|---|---|
| - 27,374 |
||
| 27,374 | ||
| (7,318) 53,535 |
||
| 46,217 |
The notes on pages 8 to 10 form a part of these accounts.
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 5
EMPOWER A CHILD UK
Statement of Financial Position 31 December 2023
| Notes CURRENT ASSETS Debtors and Accruals Cash at Bank Creditors & Accruals TOTAL ASSETS CAPITAL AND RESERVES Unrestricted Reserves Restricted Reserves TOTAL FUNDS |
£ 11,930 22,568 34,498 - 34,498 9,419 25,079 34,498 |
2022 £ 6,465 39,752 |
|---|---|---|
| 46,217 - |
||
| 46,217 | ||
| 10,367 35,850 |
||
| 46,217 |
The financial statements were approved by the trustees on 31st October 2024.
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…………………………. Mr Scott Lawrence Trustee
The notes on pages 8 to 10 form a part of these accounts.
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 6
EMPOWER A CHILD UK
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
| Cash generated from operating activities: Net cash provided by operating activities Application of cash: Increase in Assets Net increase/(decrease) in cash Cash & Bank at the beginning of the year Cash & Bank at the end of the year Net income/(expenditure) Adjustments for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors |
£ (17,184) - (17,184) 39,752 22,568 £ (11,719) - (5,465) - (17,184) |
2022 £ (10,469) - |
|---|---|---|
| (10,469) 50,221 |
||
| **39,752 ** | ||
| £ (7,318) - (3,151) - |
||
| (10,469) |
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 7
EMPOWER A CHILD UK
Notes to the Financial Statements Year to 31 December 2023
1. Accounting Policies
1 Basis of Preparing the Accounts
(a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
(b) Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required. In accordance with the requirements of FRS 102 a reconciliation of opening balances and net income/(expenditure) for the year is provided with the net income/(expenditure) under previous GAAP adjusted for the presentation of investment gains/(losses) as a component of reported income.
2 Funds
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(a) Unrestricted funds represent funds of the charity which are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity.
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(b) Restricted funds represent funds of the charity which were received with restrictions so that use can only be used for the purposes stated.
3 Income
- All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
4 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 8
constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
5 Fixed Assets
- Assets costing over £500 will be capitalised and depreciated as follows:
Equipment (computer & electronic) – 25% per annum.
2 INCOME
| Notes Project Donations- Tanzania General Donations Child Sponsorship Brainstorm School Tribe & Glory (2) |
Un - restricted Restricted Total £ £ £ - 13,097 13,097 25 - 25 - 15,034 15,034 - 3,894 3,894 - 120 120 25 32,145 32,170 |
2022 £ 4,497 75 14,472 860 151 |
|---|---|---|
| 20,056 |
3 CHARITABLE EXPENSES
| Donations to Africa Child Spon. - Brainstorm Child Spon. - Tanzania Child Spon. - General Projects - Tanzania Projects - Brainstorm Bank Charges Accountancy |
Un - restricted Restricted Total £ £ £ - 2,715 2,715 - 4,290 4,290 - 10,822 10,822 - 12,470 12,470 - 12,619 12,620 630 - 314 343 - 498 973 42,916 43,889 |
2022 £ 2,893 3,980 11,280 5,600 2,809 314 498 |
|---|---|---|
| 27,374 |
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 9
EMPOWER A CHILD UK
Notes to the Financial Statements Year to 31 December 2023
4 COMPARATIVE – Statement of Financial Activities 2022
| Notes Voluntary Income (2) Expenditure Cost of generating voluntary income Charitable expenses OPERATING SURPLUS/(DEFICIT) Funds brought forward Prior year adjustment Funds carried forward |
2023 £ 32,170 - 43,889 43,889 (11,719) 46,217 34,498 |
Un - restricted Restricted Total 2022 £ £ £ 75 19,981 20,056 |
|---|---|---|
| - - - 812 26,562 27,374 |
||
| 812 26,562 27,374 |
||
| (737) (6,581) (7,318) 11,105 42,430 53,535 |
||
| 10,367 35,850 46,217 |
5 RESTRICTED RESERVES
| Opening balance Income Expenditure Closing balance |
Child Sponsorship Tribe & Glory Brainstorm School Tanzania Total £ £ £ £ £ 3,486 627 29,883 1,854 35,850 15,034 120 3,894 13,097 32,145 (17,826) - (12,620) (12,470) (42,916) |
|---|---|
| 694 747 21,157 2,481 25,079 |
EMPOWER A CHILD UK - Financial Statements for the year to 31December 2023 Page 10