2023-12-31-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 2023

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 2023

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 2023

period 1[st] January 2023 to December 31[st ] 2023.

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.

GOVERNANACE

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 PracZse).

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 ACTIVITES

in supporZng the growth and development of EDD Rwanda. Below is a summary of EDD UK’s contribuZons and the impact on EDD Rwanda .

1. Fundraising and Financial Support

EDD UK’s primary focus in 2023 was raising funds to support EDD Rwanda’s educaZon programs. We were able to raise approximately £8,000 towards the end of the year from an individual donor and a company matching scheme (further £8000 to be received in the next financial year) this will be disbursed to EDD Rwanda in tranches as required in 2024.

2. Program Expansion Support

EDD UK helped facilitate the launch of EDD Rwanda’s primary school in September 2023. This marked a significant milestone, allowing the school to begin its long-term growth plan of adding one class each year. EDD UK also supported the conZnued implementaZon of the Learning through Play methodology in collaboraZon with Teach Rwanda, ensuring highquality, holisZc educaZon for vulnerable children.

3. Looking Ahead

EDD UK will focus on securing more donors, enhancing fundraising campaigns, and strengthening partnerships to support EDD Rwanda’s conZnued expansion. Key prioriZes for

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

2024 include expanding the primary school, developing new educaZonal programs, and improving administraZve systems to support the growing student populaZon.

RESERVES POLICY

charity’s going concern status for the foreseeable future.

FUNDRAISING POLICY

The charity raises funds from members of the general public, mainly through crowdfunding using online plajorms such as Global Giving and ChariZes Aid FoundaZon (CAF) as well as their own website. The charity also occasionally holds events such as dinners and art aucZons. they don’t send any unsolicited correspondence to the public and will only contact previous donors or akendees of events with their permission. These individuals are always given the opZon to opt out of any newslekers, emails or other correspondence and they will be unsubscribed from the chariZes mailing list. Finally, the charity also applies for grants from larger chariZes, foundaZons, trusts and insZtuZons in line with their guidelines and policies. The charity has not received any complaints about its fundraising acZviZes and pracZces.

FINANCIAL REVIEW

The charitable incorporated organisaZon’s results are shown on pages 7 and 8.

Approved by order of the members of the board of trustees and signed on behalf by:

………………………………………………….

S Y LILANI Date:

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023 £ 9000 13 9013 60 60 60 8953 7655 8953 16608	TOTAL FUNDS 2023 £ 9000 13 9013 60 60 60 8953 7655 8953 16608	TOTAL FUNDS 2022 £ 1324 725 2049 1039 1039 1039 1010 6645 1010 7655

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

BALANCE SHEET AS AT 31 DECEMBER 2023

Note 2023 £ Current Assets Debtors 7 16668 16668 Creditors: amounts falling due within one year 8 60 Net Current assets Total Net Assets Charity Funds Unrestricted funds Total funds	16608 16608 16608 16608	2022 £ 8694 8694 1039

behalf by:

S Y Lilani

Date:

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General informaUon

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

nearest £.

2. AccounUng policies

102) - AccounUng and ReporUng by ChariUes: Statement of Recommended PracUce applicable to chariUes preparing their accounts in accordance with the Financial ReporUng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecUve 1 January 2019), the Financial ReporUng Standard applicable in the UK and Republic of Ireland (FRS 102) and the ChariUes Act 2011.

departed from the ChariUes (Accounts and Reports) RegulaUons 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the ChariUes SORP (FRS 102) published in October 2019 rather than the AccounUng and ReporUng by ChariUes: Statement of Recommended PracUce effecUve from 1April 2005 which has since been withdrawn.

a public benefit enUty under FRS 102. Assets and liabiliUes are iniUally recognised at historical cost or transacUon value unless otherwise stated in the relevant accounUng policy.

Going concern

trustees 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 enUtlement to the income, it is probable that the income will 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 2023

2. AccounUng policies (conUnued) Expenditure

Expenditure is recognised once there is a legal or construcUve obligaUon to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in seglement and the amount of the obligaUon can be measured reliably. Expenditure is classified by acUvity. The costs of each acUvity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each acUvity. Direct costs agributable to a single acUvity are allocated directly to that acUvity. Shared costs which contribute to more than one acUvity and support costs which are not agributable to a single acUvity are apporUoned between those acUviUes on a basis consistent with the use of resources. Central staff costs are allocated, on the basis of Ume spent, and depreciaUon charges allocated on the porUon of the asset's use. Expenditure on charitable acUviUes is incurred on directly undertaking the acUviUes which further the charity's objecUves, as well as any associated support costs. Al expenditure is inclusive of irrecoverable VAT. TaxaUon

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 definiUon of a charitable company for UK corporaUon tax purposes. Accordingly, the charity is potenUally exempt from taxaUon in respect of income or capital gains received within categories covered by Chapter 3 Part 1 of the CorporaUon Tax Act 2010 or SecUon 256 of the TaxaUon of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Cash Flow ExempUon

exempt from the requirement to produce such a statement. Debtors

Trade and other debtors are recognised at the seglement amount aker 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

2. AccounUng policies (conUnued) LiabiliUes and provisions

LiabiliUes are recognised when there is an obligaUon 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 seglement, and the amount of the seglement can be esUmated reliably. LiabiliUes are recognised at the amount that the charity anUcipates it will pay to segle 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 esUmate of the amounts required to segle the obligaUon. Where the effect of the Ume 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

Financial instruments

financial instruments. Basic financial instruments are iniUally recognised at transacUon value and subsequently measured at their seglement value, with the excepUon of bank loans which are subsequently measured at amorUsed cost using the effecUve interest method.

Fund accounUng

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

3. CriUcal accounUng esUmates and areas of judgment

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

CriUcal accounUng esUmates and assumpUons:

The charity makes esUmates and assumpUons concerning the future. The resulUng accounUng esUmates and assumpUons will, by definiUon, seldom equal the related actual results. However, the trustees are of the opinion that there are no esUmates and assumpUons that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabiliUes within the next financial year.

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

4. Income from donaZons and legacies

		Unrestriced funds	Total Funds
		2023	2023
		£	£
DonaZons		9013	9013
DonaZons (2022)		2049	2049
5. Analysis of expenditure by acZviZes
	AcZviZes undertaken	Support costs	Total
	directly		Funds
	2023	2023	2023
	£	£	£
Overseas supports and	-
Governance costs
Bank charges	60
TOTAL 2023	60		60
	AcZviZes undertaken	Support costs	Total
	directly		Funds
	2022	2022	2022
	£	£	£
Overseas supports and	-	990	990
Governance costs
Bank charges	49	-	4
TOTAL 2022	49	990	1039

EMPOWER DEVELOP DIGNIFY (A CHARITABLE INCORPORATED ORGANISATION)

Trustees' remuneraZon and expenses During the year, no Trustees received any remuneraZon or other benefits (2023 - £NIL). During the year ended 31 December 2023, no Trustee expenses have been incurred (2023 - £ NIL).

7. Debtors

7. Debtors
Due within one year Other debtors 8. Creditors: amounts failing due within one year Accruals and deferred income	2023 £ 16668 16668 2023 £ 60	2022 £ 8694
		8694
		2022 £ 1039

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 toits assets.

11. Related party transacZons

There were no related party transacZons during the year (2023: None). Trustees' remuneraZon and expenses

During the year ended 31 December 2023, no Trustee expenses have been incurred (2023 - £ NIL).

12. Funds

therefore represent unrestricted, general funds.