2022-12-31-accounts - Empower Develop Dignify

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EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

Charity Number: 1155922

EMPOWER DEVELOP DIGNIFY

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

TANAZ CHADWICK 13 VERULAM AVE PURLEY CR8 3NR

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

CONTENTS	PAGE
TITLE PAGE	1
CONTENTS	2
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS	3
TRUSTEES’ REPORT	4 -6
STATEMENT OF FINANCIAL ACTIVITIES	7
BALANCE SHEET	8
NOTES TO THE FINANCIAL STATEMENTS	9-13

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES F RAMJI (CHAIR) S Y LILANI S A SHAMJI S PATEL

CHARITY REGISTERED NUMBER 1155922

PRINCIPAL OFFICE FLAT 3 21 PALACE GATE LONDON W8 5LS PREPARATION OF FINANCIAL TANAZ CHADWICK STATEMENTS 13 VERULAM AVE PURLEY CR8 3NR

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

period 1[st] January 2022 to December 31[st ] 2022.

ReporZng by ChariZes preparing their accounts in accordance with the Financial ReporZng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecZve 1 January 2019) and Financial ReporZng Standard applicable in the United Kingdom and republic of ireland (FRS 102) and ChariZes act 2011.

PRINCIPAL ACTIVITIES

The principal acZviZes, of the charitable incorporated organisaZon is to support chariZes in East and Central Africa through fundraising through events and use of online channels such as websites and social media and the provision of grants and technical assistance according to our mission, vision, and governing document.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The company is a charitable incorporated organisaZon set up on 10[th] December 2013 and governed by the consZtuZon as adopted on that date. It received charitable status on 25[th] February 2014.

GOVERNANCE

incorporated organisaZon. The Trustees have considered the Charity Commission’s general guidance on public benefit in relaZon to the aims of the charitable incorporated organisaZon. The report sets out the aims and the objecZves and describes how they have been met in the current period.

TRUSTEES

The Trustees of the company were as follows: F Ramji S Y Lilani S A Shamji S Patel

TRUSTEES’ RESPONSIBILITIES

accordance with applicable law and United Kingdom AccounZng standards (United Kingdom Generally Accepted AccounZng PracZce).

statements for each financial period which give a true and fair view of the state of affairs of

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

the charitable incorporaZon organisaZon of the incoming resources and applicaZon of resources, including the income and expenditure, of the charitable incorporaZon organisaZon for that period. In preparing those financial statements, the Trustees are required to:

Select suitable accounZng policies and then apply them consistently;
Observe the methods and principles of the ChariZes SORP;
Make judgements and esZmates that are reasonable and prudent;
State whether applicable UK AccounZng Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
to presume that the charitable incorporaZon organisaZon will conZnue in business.

show and explain the charity’s transacZons and disclose with reasonable accuracy at any Zme the financial posiZon of the charity and enable them to ensure that the financial statements comply with the ChariZes Act 2011, the Charity (Accounts and Reports) RegulaZons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenZon and detecZon of fraud and other irregulariZes.

REPORT OF ACTIVITIES

added one class from age 4-5 years, so they now have 3 classes of 25 children each bringing their total number of students to 75 children. The organisaZon is sZll on track to launch the first class of primary school by September 2023. They conZnue to support over 200 former street children with school fees. The project currently raises funds from individuals through crowdfunding, corporates, and NGOs mainly those who already have a connecZon with Rwanda.

The role for EDD in terms of raising funds and awareness for EDD Rwanda is becoming more criZcal. The organisaZon has setup an account with JustGiving with the hope that its supporters and ambassadors can donate or hold fundraisers (for marathons and other sporZng endeavours etc.) The trustees have decided against holding an event right now in favour of online crowdfunding campaigns. EDD trustees have recognised that the operaZonal costs are fairly high commensurate to the donaZons and income coming in and have taken measures to reduce costs (e.g. audiZng and accounZng fees) by changing service providers.

RESERVES POLICY

charity’s going concern status for the foreseeable future.

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EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 DECEMBER 2022

NOTE INCOME FROM: DONATIONS 4 OTHER DONATIONS TOTAL INCOME EXPENDITURE ON; CHARITABLE ACTIVITIES TOTAL EXPENDITURE NET MOVEMENT OF FUNDS RECONCILIATION OF FUNDS: TOTAL FUNDS BROUGHT FORWARD NET MOVEMENT IN FUNDS TOTAL FUNDS CARRIED FORWARD	UNRESTRICTED FUNDS 2022 £ 1324 725 2049 1039 1039 1010 6645 1010 7655	TOTAL FUNDS 2022 £ 1324 725 2049 1039 1039 1010 6645 1010 7655	TOTAL FUNDS 2021 £ 155 155 994
			994
			(839) 7484 (839) 6645

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATIONJ EMFL)WERtIEVELOPDIGPIIFY(A OIARifABLEINCORPORA7ED ORGANI&ATIONJ ASAT 31 DECEMBER 2022 20 Oebtors 7635 7635 Creditors: amounts fairlde wlth tyieyear I9 Total NètAs%ets orityFu Un51¢d frJnds 7655 T¢)tsl funth The financkl statenwAstern appred aNI author l>rttheTntsteesand sened ontheir behalf by: SY i#ani

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General informaZon

The enZty is a charitable incorporated organisaZon registered in England and Wales, charity number 1155922. It is registered at Flat 3, 21-23 Palace Gate, London, W8 5LS. The principal acZvity of the charity during the year remained the support of chariZes in East and Central Africa.

nearest £.

2. AccounZng policies

Basis of preparaZon of fnancial statements

102) - AccounZng and ReporZng by ChariZes: Statement of Recommended PracZce applicable to chariZes preparing their accounts in accordance with the Financial ReporZng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecZve 1 January 2019), the Financial ReporZng Standard applicable in the UK and Republic of Ireland (FRS 102) and the ChariZes Act 2011.

departed from the ChariZes (Accounts and Reports) RegulaZons 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the ChariZes SORP (FRS 102) published in October 2019 rather than the AccounZng and ReporZng by ChariZes: Statement of Recommended PracZce effecZve from 1April 2005 which has since been withdrawn.

public benefit enZty under FRS 102. Assets and liabiliZes are iniZally recognised at historical cost or transacZon value unless otherwise stated in the relevant accounZng policy.

Going concern

are of the opinion that the charity is a going concern for at least 12 months following the date on which the balance sheet was signed.

Income

Al income is recognised once the charity has enZtlement to the income, it is probable that the income wil be received and the amount of income receivable can be measured reliably.

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

AccounZng policies (conZnued)

Expenditure

Expenditure is recognised once there is a legal or construcZve obligaZon to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in sellement and the amount of the obligaZon can be measured reliably.

direct costs and shared costs, including support costs involved in undertaking each acZvity. Direct costs alributable to a single acZvity are allocated directly to that acZvity. Shared costs which contribute to more than one acZvity and support costs which are not alributable to a single acZvity are apporZoned between those acZviZes on a basis consistent with the use of resources. Central staff costs are allocated, on the basis of Zme spent, and depreciaZon charges allocated on the porZon of the asset's use.

Expenditure on charitable acZviZes is incurred on directly undertaking the acZviZes which further the charity's objecZves, as well as any associated support costs. AlL expenditure is inclusive of irrecoverable VAT.

TaxaZon

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definiZon of a charitable company for UK corporaZon tax purposes. Accordingly, the charity is potenZally exempt from taxaZon in respect of income or capital gains received within categories covered by Chapter 3 Part 1 of the CorporaZon Tax Act 2010 or SecZon 256 of the TaxaZon of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Cash Flow ExempZon

exempt from the requirement to produce such a statement.

Debtors

Trade and other debtors are recognised at the sellement amount aner any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

AccounZng policies (conZnued)

LiabiliZes and provisions

LiabiliZes are recognised when there is an obligaZon at the Balance sheet date, as a result of a past event, it is probable that a transfer of economic benefit will be required in sellement, and the amount of the sellement can be esZmated reliably.

LiabiliZes are recognised at the amount that the charity anZcipates it will pay to selle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best esZmate of the amounts required to selle the obligaZon. Where the effect of the Zme value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of

Financial instruments

financial instruments. Basic financial instruments are iniZally recognised at transacZon value and subsequently measured at their sellement value, with the excepZon of bank loans which are subsequently measured at amorZsed cost using the effecZve interest method.

Fund accounZng

General funds are unrestricted funds which are available for use at the discreZon of the Trustees in furtherance of the general objecZves of the charity and which have not been designated for other purposes.

CriZcal accounZng esZmates and areas of judgment

EsZmates and judgments are conZnually evaluated and are based on historical experience and other factors, including expectaZons of future events that are believed to be reasonable under the circumstances.

CriZcal accounZng esZmates and assumpZons:

The charity makes esZmates and assumpZons concerning the future. The resulZng accounZng esZmates and assumpZons will, by definiZon, seldom equal the related actual results. However, the trustees are of the opinion that there are no esZmates and assumpZons that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabiliZes within the next financial year.

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from donaZons and legacies

4. Income from donaZons and legacies
DonaZons DonaZons	Unrestricted funds 2022 £ 2049 Unrestricted funds 2021 £ 155	Total Funds 2022 £ 2049
		Total Funds 2021 £ 155

Analysis of expenditure by acZviZes

Overseas supports and Governance costs Bank charges TOTAL 2022 Overseas supports and Governance costs Bank charges TOTAL 2021	AcZviZes undertaken directly 2022 £ - 49 49 AcZviZes undertaken directly 2021 £ - 4 4	Support costs 2022 £ 990 - 990 Support costs 2021 £ 990 - 990	Total Funds 2022 £ 990 49
			1039
			Total Funds 2021 £ 990 4
			994

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees' remuneraZon and expenses

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £ NIL).

7. Debtors

Due within one year Other debtors Creditors: amounts failing due within one year Accruals and deferred income	2022 £ 8694 8694 2022 £ 1039	2021 £ 7635 7635 2021 £ 990

Creditors: amounts failing due within one year

9. Guarantees

RegulaZons 2012 that, at the period end, Empower Develop Dignify did not have any outstanding guarantees to third parZes nor any debts secured on its assets.

10. Members' liability

Empower Develop Dignify is a charitable incorporated organisaZon consZtuted by a trust deed. Under that trust deed, the trustees do not have a liability to contribute to its assets.

11. Related party transacZons

There were no related party transacZons during the year (2021: None). Trustees' remuneraZon and expenses:

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £ NIL).

12. Funds

therefore represent unrestricted, general funds.