## **Empower a Child UK**
**Financial Statements For the year to 31 December 2023**
**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.
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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
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.
…………………………. 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**
- (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.
- (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
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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**|
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