REGISTERED COMPANY NUMBER: CEOOJ592 (England and Wal￿) REGISTERED CIIARATY tyuMBER: Ili8189 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEKfs FOR THE YEAR EIWED 31 DECEMBER 2024 FOR EMPOWEIUNG VULNERABLE CHILDREN (EVC) UGANDA EMPOWERING VULNERABLE CHIUPREN (EVC) UGANDA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Trnstees Report ItoS Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t019 Detailed Stat¢m¢nt of Financial Activities 20 EMPOWERING VUINERABLE CHILDREN (EVC) UGAhl)A REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CHAIRMAN'S REPORT We are a strongly Christian Charity gtsided in all w¢ do by The LoTd Jesus Christ. In August I￿"S vear: EVC celebrdted the tenth a￿liVersary of verv successful ivork in providing a for sorne of the poorest children in the ivorld through education and ell￿ent￿ ,450 plus such ¢hiidr¢D are benefitttng from our belp. On 6th D¢cunber, EVC child￿n. EVC staff, tcachcrs and the local EVC Committee. parents and guardians. dcrgy and other invited guests. all m¢t together to celebrat¢ this great occasion. Great thank.s w¢r¢ giv¢n for all th¢ tr¢meodou5 iv0￿ that ha% been done. At the beginnjng of th¢ y¢8r, b￿aTr the proccss of building a purp)se-built Nuw at the main school we supp)rt. a facility that is gr¢aily neeikd and, we anticipate, this be completed in the firs¢ half 0[n￿tYear. Thc Chuwh Appeals Programme continuas to provid¢ most of OUT and, abundant thaffts 8r¢ given to all clergy and lay people ivho support this worf( in p&ishes tbroughout Efjglaod. During the year several Trnsi¢es stood down from th¢ EVC Board due mainly to ¢ompl¢ling their tcrni of office and fanjily ivorfi coJnJnilmellts. W¢warmfv th￿k th¢￿ tor thcirconttibutsoDS. Chn"s RN)ke Join&1 the BOo￿ ot Tru51ees as our new Treasur¢r alld has ]naa¢ a great impact. with his ¢nornkOUS ¢llthu$iasm for the work- ID general &$ ivell as on th¢ finance side. At the end of thevearour itkcome reathed over 2 qu&tsrof amillion p)unds: moving ￿ from being a sm811 kn a medium si7hl ch8Fifv. This brings ivith it new challeng04, on¢ of which is th¢ availability of skillal volunte¢rs. We have however. a highly talented Board of Trustee4 vho are working enthusi&8tically to meet the ¢ball￿g¢S ahead and c4)ntiDue the great success achieved to date. The trustees who ar¢ also diffclors of the charity for the purpos&8 of the CompaJi¢s A￿ 2006. present th¢ir report H'ith the fin￿cial statements of the charity lor th¢ year ended 31 D¢ccmbff 2024. The truslees hav¢ adopicd thc proN'isioiis of Accounting and Rewrting by Chariti¢s'. Siatrment of Recommended Practice applicable to charities pr¢pariNg thcir accounts ill accordance iyith thc Fin￿1ClaI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMU￿sTRATIVE DETAIIS Registered Companv number CEOOI 592 (England and Wales) Registered Charity number 1158189 Reoistsred office I Church Road Willington Bedford MK44 3QD Trustees Edivard Faivcett, Chair Neil Yeomans. Tre&surer stq)ped dthvn on 27h April 2024 in line with the constitution of time syent on tlie EVC Board Gordon Lland Vice Chair Ramon N4onserrate (a FouttdcrTTst*), Trsigned 3rd Febrll￿' 2024 to collcentrote on faTrils' and li.0￿. conunjttllJ io gerteial teserves. Tliis re￿ll￿10￿ iti sutylus by 26/oycaron yearhas ariseD largelv du¢ to funds trwsferred to UgaDda forpI￿n¢d building of th¢ nuTrery building in St Matia Mulumba Sthool. There ivas an overall increase income a £259,642 (2023 restated.. £205,TJi) du¢ to ¢ontinu¢d growth in the number of sponso through die EVC Church app¢a]s programm¢ aDd additional p￿Ject income to b¢ expajsed on the nursery building in Uganda. Expenditur¢ is al £233.428 (2023 r¢s¢aled. £169.030) reflecting those prnj￿t fimds &¥pensd th.is year. In addition to the funds transferred to Uganda for child spollsorship_. during the Iiear on addition21 £13j44 (2023 restated.. £12 J96) was ttansfettcd as a contribution to salaries and admil￿stratI}E Costs IR ug￿dI These ￿$ts conliDu¢ fo support the iThvaiuabl¢ wo￿. CaEtied out for the Charity in Uganda Therewere no grants received thisy¢w Compar￿ to 2023 fA,S00 receii'ol from.Sp￿I&l Projects in Christian Missionary Areas (SPICMA). The following projects i*¢r¢ funded from the charity's own rcsen'cs and all catried ollt this y¢w. at St Matiamulumba Primary School.. ' Paving of school ¢8mpus and toilet area ' Constrnctiou of school: entrance arth and finisbing gae toiv ' Repairs and impmvements to the site in¢ludxng an C￿￿encY soaK" piL cost for diesel generator and ihe el¢wing ofgutters artd tanks for th¢ boy's and gArl's dorniilorie5" Page 3 EMPOWERING VULNERABLE CHILDREN (EVC) UtsAty"DA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The most substwtiv¢ project utsdertaken this year w&% the budding of a ll￿￿ery at St Matia Mulumba. The cbaEIty is very grateful that Ihis h&5 been stgn]licantl}, futtded by our major donor. In sun)mary £225531 ivos sent to Uganda in the financial year. comprising fvnds forchild sw)nx)rship. administration costs in Uganda and for projects undertaken in Ug2nd4 primarilv at St M*ta Mulumba Primatv School During th¢ y¢ar ¢li¢ charity iniplemenied a Strategic adJ￿$1Mellt to its tTansf¢rof fiTnds to Uganda. In the prolonged periodof school closu￿$ in Uganda tbat st¢mm¢d from the COVtD- 19 pandemic. there a h￿h amunulation of uDspent fi￿dS ivithin our in- county pthi¢r's a¢cowits, originally ¢icsignoi for chil(wen s educauonal lees. To ensur¢ diligeni siew'ardship ofaonor lunds alld to ￿lI]gaLe risks &%sociaicd with holding large balanc¢s locally, the Board decided to temporarily paus¢ further fund transfers to u8￿da. This lias rcsultoj in a larg proportion of funds being held in the UK. The Board has strat¢gicaity dccided to Inve￿ these UK- hdd fiumls to generate interest incoille. This appmach aims to maximise the Charity's f￿anCIal resources, enabling it to further its ￿lS510n of supporting ¢lu"Idren's educatton Ai) Ugatkd& It do¢$ not in any ivay ijnpair the children swnsored in contknuing their education as fvnds Ivlll be ￿leaSed as required once the local balances li￿e r￿u¢¢d to normal Icvcls. Our invesxment policy. 3pptVv￿ by the Bos￿. prioritises the funds pffsvvation and all￿S with our ¢haTitablc objcctives and ethical plincipl￿. Fllnd Accounting The charity's f￿anCIal Tesources are managal across a cotnbination of wirestrict￿. reslncted and designated funds in accordan￿ donot5 wish¢s and the chatity's goi'erning document. UnrEstrict¢d providcs flexibility to support ￿¢￿¢raI tharitable purposes and core operations. Restricted funds rcpr¢sent income receival forspecific projects oractivities wlu'ch have been e4Knded strictly in linewith Éheir pts￿Ose to ￿sllre donors intent is honourcd. Trnsl¢es hav¢ atso agrced lo maintain the designated fund Of£20,0￿ crcatd last year to provide for circumstances ivhetE at limes in the futur¢ sponsorship monia do ￿0t 111., - -c.,￿ so4(x)I fe￿ and oth¢r :..bi-h tb=-hildren ma). n#d L att.-.d school. This fup.d was drathT dowm on during th¢ year and a transfer of £6.906 top up lees ivas This has noii. be¢n r¢pl¢nisheAI out of general reserves. Trustees have a150 includrAI a bursary provision of£6J75 as a designated fund w,kn'ch alloiys the charity to provide additional sUPPOrt for ¢bildr¢n lo do furth¢r vo¢atioDal or highereducational sthdies. A foT dtawg do￿Th on thi"$ fund is currently beiiig forniulat¢d. As of 31st December 2024. total reseTves were £152.578 (2023 restated.. £126J64) which is shown on the balall¢¢ sheet on page 6 and fully (ktailed fftn not¢ 13 to the ￿counts. This includes restiicted funds of £49.149. The charity's policy on rtsen'e5: EVC ne￿S reserves to pmp¢rly plan for unforeseen signtfica)t financial eXp￿dIture. The attnll￿ rtnan¢ial plannllig and reguIar tn0nitoringlre￿1Cii. process ¢nables the resen'&s to be maintained ot the right level. The level of reserk'es is on an annual basts and in &coTdan¢eivith increases in income and expenditu￿. A cash floiy anatysis and forecast aids in this process. The board has a reserves policy that requires: -Resen'es to be maintained at a level cnsuring EVC'S core xtiviiv eould continue dutino a period of unfo￿￿¢￿ fmancial difficulty. -Takes into accouxtt planned xtivity levels. -EVC'g commitm¢nts The followih2 headings ivere used ill the devdopmebi ofthe policy: -The ¢urr¢nl resers'as policy statcment, as above. -Ri5k a$￿SMent against each category of income eKpeDdithre. -Future activity levels. requirements aDd levels. -EVC's cottllnitments. -statement of the r¢quir¢d reserves level because of the above. Financial ri81(s: Th¢ trustees have exall)ined the major strategic, f￿￿ela1. alld operational TisK"s the ¢bariti. and confirn]s that systems have beal establislied to enable re8ularr¢ports to b¢ produced so that the necessary ￿ep$ can be tak.en to lessen thes¢ risks. As EVC is sialTed entirely by Yolllnleers all(i has not enl¢rcd any long-terni tinancial committlleDls. the iei'el ot tmancial risk to ivliich the organisation is exposed is very low. All child sponsorthip and d￿Clopment ptDjects in Ugwmla are financcd entireR)' by moni¢s re￿1V￿j from sponsors and donors. Page 4 EMPOWEIUNG Vul￿ERABLE CHILDREN {EVC) UGAF47)A REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Going Concern stst¢m¢nt The Trust¢es have assesscd thc charities t-￿ancIal w)5ition and plan forthe foreseeable luture ol at lea8112 months fro￿ thc date ot-approval of these fman¢xai statements. TheTrnsl¢es a￿ sthisfied that thc tharity remai￿£ a going collcern and thai th¢re are no material unC￿aIntIC￿. This assessmenl is sllpp)rtal by prud¢nl fman¢tal manog¢menl. robust fundraising strdtegies and a health), reserves position. Plans for futllre periods: (hir charity is ￿1￿mItt￿ to build on th¢ colltinu￿ success iti 2024. Looking ahead our key plans include.. In¢￿aSIng the Dumber of children Jve Support." We aim to expand our donor base to enable a continu&l inc￿￿$t in the number of children iv¢ wpport. en5urirtg more vuinerablc chIld￿n [￿e1ve xcess to vital educaiion. Enb&llcing School F#cilitie¥: Following the Succe￿￿& nts￿ery build we plan to Construct a dedicated kitchen and din11￿ hall at St Matia Mulumba. further developing il into a centre ofeducatioual ￿¢¢lIen￿ forchildren. Diversifying Ineome Str￿M$. Svhile EVC continues toop¢raIei￿th Iowcosts and a sound fin￿1claI b￿, a key stral¢gi¢ priority is to diversify and d¢Y¢lop our incom¢ streams. This will strcngthcn our financial resilience and ensur¢ long terni sustainability. Ensuring Mission Effectiveness: All these plans are designed to enhan¢¢ our abilitj. to delivcr our vital ]nission effe¢tivdy. providing real hope for the through education forchildren of Uganda. The ivork continues to thrive and grow. and ive thank" all our donors and supporters for th¢irgreat commitment. Approved b). o￿trO[ th¢ board of trustees on............................................. and signal on its behalf by: Edward Faweett- Cbairm¢n of the Trnstee5 Pag¢ 5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMPOWLRif¥G Tr iiLiyERABLE ihALDKE(y iivc) UGANDA Independent esaminer's report to the trnstees of EmpoTh'erioEVulnerable Cbildren IEVC) Ugllnda {'the Company,) I rcport to the charity truste&s on my examination ot the accounts ol liie iompany lor the)rear ¢nd¢d 31 D¢c¢mbcr 2024. Responsibilities and b&sii of report As the Chari￿'s trustee5 of the C.ompanv (and its directors for the purp)ses of companv law) vou a￿ ffsponsibl¢ for the preparation of the accouDts in accordance i*ith the requirements of the Companies Act 2006 (Mhe 2006 Act.). Having satisfied myself that the aCc4)￿ts of the Company are not required to b¢ audited under Part 16 of the 2006 Act and are eligible for independent examinalion. i repori in respect ol my examinaiion of)-our charAly's wjunls as wri¢Jl out ull(ier S(*tion 145 ofilie Char&Li¢s Act 2011 ('the 2011 Act,). tn carrying out my eL2mination I hav¢ followed the Dire&ions given by the Charity Commission S¢¢tion 145{5) (b) of the 2011 Act. Independent examiner's 8tstement As the charity's gross income exce￿1￿1 £250.0(K), I am quahfied to undertak¢ ¢xaminatton b¢¢aus¢ l am a registered member of the AsiticiaLioii of Chartered QrLifi¢d Accowhtstsls Is of lh¢ kndi-_ I have colnplet￿ my ￿amInatiOll. I confum th* no matters bave come to my att￿tIOn in o)miection with the examination giiring me cause to b¢lA¢v¢'. accounting records were not kept in respect of the Compally as requi]Ed by Section 386 of thc 2006 Act: or the accounts do not accA)rd with those rec4)rds' or the 2c-0￿￿tS do r￿t compl.. i".jth a￿￿￿-￿s w4u2rwcnts of S¢¢tion 396 of thc ?006 Act otEY an), fknquirctncnt that thc accowits give a trne and fair view ilbich is not a matt¢rconsid¢red as part of an independent examination: or the accounts have not been prepared in accoTdancei¥ith the methods attd prffinciples of thc Statcmellt of R￿0￿mended Practic¢ for accountlll8 and re￿rtIng ¢bariÉies (appliuble to diari11￿ p￿parI￿g thcir acLounts in accordallc£ wAtb th¢ Fili￿}¢181 Reporting Standard applicable in the UK ond Republic of Ireland (FRS 102)). I have no concerns and have cotlle ￿ no other ￿atte￿ in conn¢ction ivith the examination to which attcntion should be dramm in this report in order to enable a proper undetstanding of the lo k reached. Vijay Herath FCCA. ACA Herath Associates Ltd Charterd c.ertified Aceounlants k Chiltern Business Centre Amershajn Biickinghamshire HP6 6AA Date.. Page 6 EfrfpoivERifyG ￿ ULiyiMBLE CrfILDREN (EVC) UGANDA STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total nds 31.12.23 Total UnrcstrKt¢d furKI Restricted fiJnd5 DCSI￿tcd Rcstatcd Notes COMEFROM Donations and legacies D(H)ations Sutxlraising & Swnsorsl) Tax Rec]aimed Proiect Income Grants Other 27yI 37.4￿1 136,665 164.006 37,404 38,632 130J87 31921 20,050 4.500 17.877 38.632 6.375 19,463 Oiher Trading Activities Interest Received 137 137 Total Income 77,970 6,375 175.297 259.642 205,735 Expendilure on raisingftinds Trustee E4Knses 3,542 3,542 3387 Chai'ilable Aclivities Child s￿)￿$0[5h￿) Projccts u￿ndaTh AdMi￿tratIon Costs Other Siippori Cosls Other UK Supp(Yt C(sts 112.126 70,(KM) 119,032 93.155 13.344 96 115,815 33.089 12.396 392 4.259 4259 3951 Total Expendithre 44,396 181126 233.428 169,030 33574 (531) (6.829) 26,214 36.705 Transfer& between fiinds (21971) 11,EQ3 15.065 8,236 Net moven)ent in ￿ndS 6.375 26.214 36,705 I¢ECONCIIJATION OF FUNDS Total funds brought forward 65.451 40913 126,364 89,659 77,054 26?75 49.149 152.578 12A364 Page 7 EIKPOWERifyG Tr i>LfvLAiABLi CHILDREty IEVC) UGANDA BALANCE SHEET 31 DECEMBER 2024 31.12.24 Tot 31.12.23 Total fi￿(l Restated Intanglble Totgl fixed m4¢ts 2800 2800 Debtws Cash at Bank 10.222 157.227 15,819 129298 Total Current a55ets 167.449 145.117 io 16.196 154.053 15.578 Total assets less current liabililies 129.539 io L475 3. 175 r4Er ASSErs 152,578 126364 RepreseDt¢d By Restricted full(Is Unrestricted funds - l)esignated ul￿eStriCted fu5Lds - &lleral 49,149 26J75 77.054 40,913 20.000 65.451 TOTALFUNDS 152,578 The charitable company is entitled to exemption from audit undcr Se¢Èiort 477 of the Companies Act 2006 for th¢ year ende41 31 Deceillber 2024. The members hav¢ not Tequired the company to obtaln an audit of its fmw¢ial ststements for the year end￿ 31 Dec¢mb¢r 2024 in aCCord￿ce ivith Section 476 of the Comp￿$e￿ Act 2006. The tNstees acknowledge theirresponsibilities for (a) ensurillg that the charitable company keeps aCCo￿nting records that comply with kntions.186 and 187 of th¢ Companies Act 2006 (b) preparing financial st*m¢nls which give 3 true attd fairvicw of the State of affaiTS of the charitabl¢ cojnpany as at the end of each financial year and of its S￿￿luS or d¢ficAt for each finan¢iai year in accordance with the requirements of S¢ctions 394 and 395 and which otherwise comply with the requirements olthe Compwics Act 2006 relating to fmancial statements, so far as applicable to the charitable company. Tl)ese fmancial statements bave been PTepared in accordauee ￿7th the Statement of Recommended Pr￿tice (SORP) applicable lo cliarities prcpaTing thcir accounts in accordance iNith thc Financial RctKJtting Standard applicabl¢ thc UK and Rcpublic of Ircland (FRS 102) (Charilies SORP FRS 102). The fmancial statements w¢ff approved by Ihe PA)ard of TTUStces and authoiised for i&su¢ on .. on it5 b¢half by: d w¢r¢ signed Edward Fawcett- Chairnien of the Ttustees c.hristopher Rooke- Trusts Page 8 EMPOWERING VULNERABLE CHtLDREN (EVC) iiGANDA NOTES TO THE FINANCIAL STATEMEI¥TS 31 DECEMBER 2024 ACCOiJNTING POLICIES Basis of preparing the finantial statements Th¢ fman¢ial stat¢ments of the charitable company. which is a public benefit entity wider FRS 102, lihve been prepar￿ in aCcord￿ce ffith the Charities SORP (FRS 102) 'Accounting and Reporting bv Charities: Statement of Recommended Practice applicable to charities prcparing their accowits in a￿OrdanCe ivith the Financial Rep)rting Standard applicable in the UK and R¢pllbJic of Irdand (FRS 102) {¢ff¢¢tsv¢ l Jauuary 2019)., Financial Reporting Standard 102 Th¢ Financial Reporting Standord appli¢able in the UK and R¢publi¢ of I￿10nd. and the Com[￿lIeS Act 2￿6. The financial stOt¢m¢nts have b¢¢n prepared underthe bisiorical cosi convenuon. Trustees have a r&wnable expectation that the charlty ha4 ad¢quale r¢sow¢ts to continue ill operational ¢xist¢nce for the foreseeabl¢ fulvr¢ •kd lh¢￿0￿ th¢ fmancial stateM￿ts havc bcffl prepared on a gotng conc¢nk basis. For the ¢utrenl finatt¢ial yeat¢nded 31 D￿0]bCr 2024. the trustees have resolved to chong¢ the basL5 of accounting from re¢¢ipts and paymcnts basis. previously applied. to the ￿CrUal'S basis. This ¢hmg¢ has bccn wade to comply with requir¢nicnts of the CkariLies SORP (FRS 102) and to proTride a mor¢ e ail d'kn"e did fair" Nlem. of the charity s fin￿￿￿1a1 perfornatt¢e and position particularly considering the ¢harity's growth in income exceeding th¢ £250.000 thrc5hold. Thc comparative figures for prior vear ended 3 1st December 2023 hay¢ becn Tcstatd on an accruals basis to consistency and comparability with thecurrentyear s financial statements. The Ampa¢t of this changc on op¢ning fund balatt￿5 ag at 151 January 2023 and on the fmallcial perfomi8nc¢ fortheyear ended 314 December 2023 is s¢1 out in note 14. Income AEI in¢otn¢ is recCEn1s￿ th- St-erl-￿. of F:..auc￿.*Kctillti-& once tb¢ charity. has ￿tiLle￿ont kn the fullds. it is probable that th¢ income will be receiv￿. and the atllount bc measured reliably. Sp¢cifi¢ally: Donations, FuDdraisiDg & Child SpoDsorshÈp from g￿eral donations, fundraising actiTrryties, child sponsorship is recognis¢d on an ￿lla1S basis Wh￿ the charity is entiiled to the funds. Associated GiftAid reclaimed otk these donations ts reLogntsed in the same peri(d as theunderlvino income. Wheredonationg are rcceived for a sp￿lFie pU￿oSe bwnd the CUr￿t finall¢ial ycar. the portion of the donation rdakn8 to the future period is not recognisol as incojne in th¢ ¢urffThtyear. This unearnd portion is instead carrled forwatd as d¢fcTrcd income, a liabllity oll the balance sheet, which represents the charfttv s obligation to p￿VIde the ser¥iice in the sUbsequ￿t period. Projec¢ lllcome: Incom¢ fTDm major donors for specific projects is ]Ecogni5cd iihell the charity has entiilement to the funds. any perfonnance conditions attachol to ¢b¢ in¢om¢ have bgen met. it is probable that the income I￿11 bg receivd. and tile amount can be measured reltably. Interest Income: IRter&8ton fimds held ondeposit is ill¢lUd￿ when T￿CIvable and the amountcan bemea5ured reliably. Expendithre Liabilitics are recognised &4 ￿pendItute as soon as tb¢ff is a legal or wnslrncttve obh'g*ion Committing the charity to that expenditure. it is pn)babl¢ that a transftt of benefits will be required in s¢ttl¢m¢nt. and the amourLt of the obligJtioA cwi be measured reb'ably. Expenth"¢L￿e is aC￿￿nt￿ foron an accrnal's b&sis. wh￿ a grant or a transfer is n]ade to Uganda thatrelates to a ￿tUre period tor wAu'ch income has def¢nE￿ the ￿11 cxpenditure is rewgnised An the )¢ar the transler is made. This crcal¢s a tcmporary deficit within the specific restricted fimd.%Trhich ￿.111 be clearoj in the subseqll￿t fill￿¢1&1 3.ear as the deferfftl income 15 recO￿lIsed. This r¢flects a timing differ￿¢¢ al￿ not a pernianent d¢fi¢At. Expenditure is cl&sifid under the following main headings Charitllble Activities: These are costs iiicurred oll the charity's primary ￿tiVitI¢5 of PToviding ducation alld support to thildren in Uganda. This ilicludcs Cbild Sponsorship transfers to Uganda: Funds sent to cov¢r th¢ dire¢t ¢du¢ational and welfare needs of sponsored h11dr￿. Pagc 9 EMPOWERING VULNERABLE CHILDREN (EVC) iiGAlyDA NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Project ￿ndillg trnnsferred to Uganda: s￿cifiC fimds designat￿1 P￿jectS (e.g. schrM)l infrasttuthwe, Such as nursery building. kitth¢n and dining hall build5) UgAndaD AdmiDlStTatioD C05t5 transferrnl to Uganda" funds proi'ided for e&sential athninistrativ¢ and operntional costs ￿￿thin Ugallda direclli. supporting the charitabltr PTogrdms. Raising Funds.. These costs areincutred in s¢¢king donations and grants. This includes costs associated with fundraising actiN'ilies in the UK Support Costs: These are costs InLWr￿ in the managanellt aod athninistration of the tharity's op¢r*ions in the UK Bllse Development Costs Th¢ Cbarity's onlv ¢apilaliscd ass& is its internal datab￿ wtem. Costs a*￿e1a&¢d with the acquisition and dev¢lopJnenl of this ss'ste￿ frotn an external supplier are c4)italised as an intan8ible asset when tbey expthd to 8￿¢rate future cconomic ben¢fit for the Charity and thelr costs can b¢ measvr¢d ￿liablY. Amortisation Is prov￿￿ on a 5traight- line basis over the esttmated usefid ¢¢onomi¢ lif¢of the ass&. which is revi￿¥￿ annually. The ¢stimal¢d useful ¢conomi¢ life forthc database system FL&S been ddennitied to be 3 years. Amortisation commences wlien the ass¥É ak4ilabl¢ for us¢. Taxation Tlie ¢hatity is ex¢mpl from corpor&ion t&T on its charitable xtsvities. Fund accounting unrestrict￿ funds c￿ be used tn xcojdancc with the charitable objectives at the discr&ion of the trustets. Restricted ￿ndS can only be used forrestri¢ted purpos¢5 ivithin the0bJ"￿ts of the cbarity. Restrictions arise when Sp￿lf1￿ by th¢ donor or when funds aff raised for re5trictEd pwFoses. Designata f7]nds a￿ unrcstrtctcd funds that the Trust￿S have sel asid¢ for a particular PUTrM)se. While dwigllatcd, they remain legallN' Unrestrict￿ and can be redesignated at th¢ Tntsltts discretion. Furth¢r¢xplanation of the natsre and pwe of each fund is included in the not&4 to the fmaRciai slat¢mellÉs. See note 12. Debtors and Creditors Dehtor%: Debtors are rrfogrLised at their settl¢m¢nt amounL less anv proirysion fordoubthil debts. This incliides accrned income such as Gift Atd receivabl&s. bank interest receivable, and sponsorship monies oiving at the year - Prepayments valued at th¢ alnount prcpaid forgoods or serviccs to be rec¢iv¢d in a fijture accounting period. C.reditnTh.. C.reditnrs are ￿eng￿l%￿l ivhen the charitip has a pr￿ent nbliÈatinn rGsultino fmm a past event that will probably result iti a transfer of fwid5 to a party. and th¢ atnowlt of obligation can be me&%ured reliably. CTeditors are normally rv￿g￿l5Cd at theirsettlement amount" this in¢lud¢s expenses for services received but Thot yet paid for at the vear- ¢nd. Delerred Income: De[C￿ed illcome represents amounts r￿ly￿] ID W]van￿ of the c]karit), becoming entitld to llie in¢ome. Tliis illcludes sponsorsblp income paid iti &1Y￿tC¢ by donors for future t¢r&(xls D¢ferrcd income is rele&8ed to the Stal¢ment of FiRan¢ial Activities the period in whi¢h thc chaTity b￿0￿eS entilled ￿ th¢ income. C￿sh and Casb Equivalellts Casli and Cath equivalents include cath in han￿ depostts held at call with banks. other short tenll highly liquid investments Ivith original nLatiwiti¢s of thTe£ Jnonths or less. and badi overdrafts. Fill￿£111 Instruments The charity only has f￿3￿¢121 assets and finan¢ial liabilities of a kll￿ that qualify" as basic financial illstnjments. Ba81¢ financial instrumellts ar¢ illitialy tewgNisa at iraDiaknifioll ialue athd wetsured & a￿Orl1&￿4 ¢001. Pagc 10 EMPOWERING VULNERABLE CHIIJ)REN (EVC) UGAl¥DA NOTES TO THE FINANCIAL STATEMElYts 31 DECEMBER 2024 NET INCOMEI(EXPENDrruRE) Net incomel{expenditure) is statol after chargingl(craliting): Item 31 December IY24 31 Dcc¢mbcr 2023 IndctKn(kTrt ¢xamination Amortisation of Intan￿7)k fJx¢d ￿ets ExplllDatioB of Independent EuminatioD Costs: The accounts have been prepared on an accrnal's basis for the first tI￿e in 2024. As stated aboipe the 2023 figures have been restated on an wKruals basis to eLsure consistency compard)ility with the current year's f￿anCIal staiements. For the years ended 31.12.2024 and 31.122023. th¢ Ind¢p¢ndfflt Exa￿￿ner ha8 provided his profassional Sen4￿ on a pro bono basis. TRUSTEES, REMUNERATION AND BENEFrts There were no t￿￿¢¢¢$. remun¢ration or oiher ben¢fits for the year ended 31 Dec¢mber2024 nor foT the year ended 31 De¢emb¢r 2013 Trnstees, expell5e5 Trustces, expense for the year endd 31 D￿ember 2024 31.1124 31.12.23 Totsl 2233 1230 79 1132 1.120 135 Mleage Other 3542 3,387 Page 11 EMPOWEIUNG VuLP4ElL4BI￿ CHIII)REN (EVC) Ahl>A NOTES TO ThE FIF4ANCIAL STATEMENTS 31 DECEMBER 2024 4. COMPARA TIVES FOR THE STATEMENT OF FINANCJAL ACllVITIES 31.12.23 Total runds Restated UI)resu'￿ted Restr￿ted DcsigT]atcd INCOMEFROM Donations and legacies Donations yunthzising & spO￿￿rSh￿? Tax Rcclaimed PrO￿¢t Encomc 108.(Y>9 130?87 32.921 20.050 4,500 17.877 31921 20.050 45(X) Othcr 17.877 O¢ker Trtyding Activilies Investment.$ Interest R¢c¢ived Total Income 205,735 LXPENDTTURE ON Expenditure on raisingfunds Tnst¢¢ EX￿nSeS 3?87 3?87 Charitable Activities Chld Sponsorsh4) Projects 30 24289 107.305 8.8 IIS,815 33.089 12?96 392 Other Support Costs Other UK Support Costs 392 3.951 3.951 Total Expenditure 116 105 169.030 NEf INcOME1(L￿￿YDrrvREj Trnnsfers between funds 2&641 13 (8.480) 16544 36.705 Iyet movement in funds 15341 21 J64 36,705 RECONCIIJATION OF FtYl¥DS T(knl fw]ds broWt forward 50.110 19549 89,659 TOTALFUNDS CARRIED FORWARD 65.451 20.000 40.913 126?64 Page 12 EMPOWEIUNG VULNERABII CHIUIREN (EVC) DGAfvDA NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 S. DONATIONS FUIYDRAISING & SPONSORSHtp UllTestTK*aJ Reslrided 31.12.24 31.12.23 Toiai Total Child Sponsorsh4) Income Church Ap￿al5 136,(fj5 1_16,665 27.341 108,OW 22288 27J41 Total 27,341 136,655 164,(K)6 130 87 6. PROJECTS UrÈrestrKta] R&strideJ 31.12.24 31.12.23 DeSi￿al￿A Total Total Nursery Building St Matia Mulumba Bujldmg & Repatrs St Matia Muh]m Cablu]g & Guttering St Matta Mulum School Desks & Pc's Ralliwaiei" HarvesLiiig Other 70.IXK) 70.LXX) 19.976 3,179 19.976 3.179 8.723 14.664 23.155 70.(XX) 33.089 7. SUPPORT COSTS 31.1224 31.12.23 Total Total Bank charges Telephone Postage and stationery Computing costs Anj￿iSatIOn Donor care Insurance 150 161 2293 216 2.734 288 465 395 4259 Pag¢ 13 EMPOWERING VULNERABLE CHItJ)REN (EVC) liGAfvDA NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 8. INTANGIBLE ASSET SCHEDULE Data Base DevelopnKnt 31.12.24 Tot81 C05t at 1st Januydry 2024 Additions Disposals Cost at 31st December 2024 Aceumulated Amorti8ation at Is t Jan￿ry 2024 Charge for the y¢ar EjiMn￿tcd on Disp)sal Accwnulated Depreciation at 31 st December 2024 800 800 8(X) Net Book Value at 31st December 2024 800 8CX) 1¥4et Book Value at 31st December2023 9. DEBTORS 31.12.24 31.12.23 Total Total Tax rcG]aims HMEiC Ch]Id sponsorsip income Bank Int¢r¢st Prepayments 9.441 440 47 294 15.515 60 io 10. CREDITORS 31.12.24 31.12.23 Toiai Total Amounts falllng due within one year Def¢rr¢d Incon Accrua]s and other liablitics 16.154 42 15.577 Amounts falllng due after more than one year D¢feffed Income The Deferred Income represents donations received from sp)nsors for education of children for specific future periods in accordance with Charities SORP FRS 102 these donations are recognised in the p￿tod to whi¢h they relate. Donations received in advance for future penods of education are thetfore def￿[￿. Pag¢ 14 EMPOWEIUNG VUINERABLE CHILDREN IEVC) GA14DA NOTES TO THE FINANCIAL STATEMENrs 31 DECEMBER 2024 11.ANALYSIS OF NET ASSETS UmtstTid￿I R¢stTided 31.12.24 fuu(ts Total Intangbk Assets Current Assets 181X) 9.782 64,513 (42) Dthtors 10,222 157,227 (17,6711 152,578 - Cash 26J75 66,339 (17.629) 49,150 CuTTellL Liabilili&s Net Assets 77,053 26,375 Restricted 31.12.23 Desig￿t(￿j fuThls Total Inlongbk Assas Cwtent Assets D&*tors 15,759 49.6(YJ 15,819 129,298 {18,753} . Cash 20,(KK) 59.605 (18.751) CwTCllt L1￿]11t1eS (2) Net Assets 65,450 20,( 40,914 126J64 Page 15 EMPOWEIUNG VULNERABLE CHItJ)REN (EVC) UGANDA NOTES TO THE FINANCIAL STATEMENrs 31 DECEMBER 2024 12. MOVEMENTS IN FUNDS Net movement Restated m filld5 Transfers between At 1.1.24 At 31.12.24 Unrestricted fiwds Geiieral fimd Bursary Fund Provision Futtre Fee increases 65.451 33.574 6?75 6.￿6 33,043 (21.971) T7,054 6,375 20,OtKI 103,429 20.1XIO 85.451 15.065 Res tricted funds Chad Sponsorsh4) Charity Set up Sp)rts equipment Data Base Fund Mosquito Nets Fwid Nursery KitchenlDining Hall 3,154 26.307 4,748 34,209 i.(K)O 1.000 2.880 250 (39.456) 3,1￿) {6.829 (2,880) 250 26259 10.000 40,913 13.lYI 13.190 49.149 15,065 TOTAL FUNDS 126364 26.214 152.578 Net n￿Vement in fillujs inchhled in the above are as follows: Resources E￿nded Movement in Funds Resources Unrestricted fimds General fill]d Bursary Fund PrO￿lS1On Fthure Fee increases 77.g70 6375 (44296) 33,574 6.375 {6,9061 33,043 84.345 (51,302) Restricted fimdy ch￿ Spon50rsh4) Dats Base Fund Mosquito Nets F￿]d Nursery Kitchen/Dining Hall 138.433 2.880 250 30.544 3.19) (112.126) 26.307 250 t39,456) 3, 190 (70.000) 175.297 (182,126 6.8291 TO'fAL FUNDS 259.642 (233,428 26214 Pagc 16 EMPOWERING VULNERABLE CHttl)REN (EVC) tiG'AIYDA NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 202A 12. MOVEMENfs IN FUIWS (coiYfiNUED) Transfers Ai 1.1.23 oi"eThent betweaL At Restated in funds funds 31.1123 Unrestiicted fimds (kneral fiind Future fee increases 50.111 20,(KK) 28,640 (8.480) (13.300) 8,480 65,451 20,000 70,111 20, 160 {4,820 85,451 Res tricted fimds Chlld sp)nsorsh Charty Set up Sports equipl￿nt Rainwater harvesting project Nursery KitcheD/DiDing Hall 1.839 5(X) i.O(K) 795 520 3,154 (4JW) 20,050 4JOO 6209 io,Ixx) 26,259 io,(M 19,548 16,545 4,820 40.913 TOT AL FUNDS 89.659 36.705 126.364 Net movement in fimds f(x the alx)ve Incoming Resources Resources Expended Movement in Funds Unrestricted fim(Ls neral fund Future fee increases (44.446) 8.480 52,926 28,640 8,480 20.160 73,086 Restricted fill￿S Chad SEK)nsorsh Rainwater harvesting Nursery Kitchen IDining Hall 108,1(X) 4.500 20,050 (107.305) (8,8(X)) 795 (4,31X)I 20,050 132,650 {116.1051 16,545 Total Funds 205,736 169.031 36.705 Page 17 EMPOWERING vul￿ERABLE CHILDREN (EVC) .￿GA￿DA NiyfES TO THE FINANCIAL STATEMEP 31 DECEMBER 2024 12. MOVEMErirs IN FUNDS (CONTINUED) A curreJ)t year 12 monthy a prior year 12 months Combined positiDn is a5 follows: Nct Tr•nsf¢rs At 1.1.23 ovement betivee At Rcstated in fi]nds fvnds 31.12.24 Unrestiicted fimds General fund Bwsary provision Future fee incrcascs 50.111 62214 6375 (15?86) (35271) 77.054 6.375 20.000 20.000 15386 70.111 53.203 {19.885 103.429 Restricted funds Chjld sponsorsb4) Charity Set up Sports equipment Data Base Mosquito Nets Rainwat¢r harvesting projcct 1.839 500 27.102 5268 34,209 1.000 2.880 250 (4300) (19.406) 3,190 (2.880) 250 4.300 13.197 6209 10.000 Kitchen/Dining Hall 13.190 19.548 9.716 19,885 49.149 TOTAL FUNDS 152 578 Net movement in fiwds for thc above Incoming Resour¢¢s Resourccs Expcnded Mov¢m¢nt in Funds Unrestricted funds General fund Bursary provision Futur¢ fee increases 151.056 6375 (88.842) 62,214 6,375 15,386) 53,203 15 86 (104.228 157.431 RestTÈCted fimds Chlld sponsorsh4) Data Basc Mosquito Nets Rainwater harvestitig proicct Nurscry Kitchen /Dining Hall 246.533 2.880 250 4.5 -50.fj94 3.1SX) (219.431) 27.102 2,880 250 I4.3￿) 119.4061 3.190 (8.800) (70.000) 307.947 {298.231 9,716 Total Funds 465 378 402 459 Pagg 18 EMPOWERING VULNERABI￿ CHIIIIREN (EVC) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 13. RELATED PARTY DISCLOSURES "Dunng tli¢ )'&Hr cnded'S1-"December2tfT4. a trustee who rcsigncd on77trApri1llY24 a restricteil'donatson of £T,iI¥O"Th"is donatton: along with the asso¢i*¢d Gtft Aid of £720. usol to fw)d th¢ dci,dopJneDt of a database by an cxternal supplier at a total st of £3,600. Oiber Èhao the trart5action d¢sciibod abov@ wereJK> otherrelated paty traosactioDsrequiring di￿J051￿clorthe year ended 31° D¢cemb¢r 2024. 14.PIUOR YEAR AJUSTMENIS PaiThents basis of accounting. RecontiligtioD of ￿lldS of previous reeeipts and PaYD￿nts basis to fi￿dS detenDined under SORP FRS 102 At 1st January 2023 At 31st DccKmber 2023 Fun&s knL2nces as previo￿8￿ sttted Adiustsn¢nts for. 81696 129,298 Ac¢rued tax r¢cknim income 21.121 15.575 Ac¢ru¢d Income 1.733 Dcfcrrcd Income (15.881) (18.751) Prepayments 207 244 Accrucd Expcnses (217) (2) Funds bal&nccs as prcvK)usiy resknted 89.659 126,364 RecoDciliation of net (payments ) Ireceipts per previous Teceipts 2nd payjnents basis to net (expenditu￿) l income under SORP FRS 102 Total ReSt￿ted at 31st Dc¢ember 2.023 Gcnerdl D¢swutcd fun& Nd (Paymcnts ) Irec¢ipts as previousty ststed 24215 46,601 Adiustrnents f()r.' A¢¢n*d tsx reclaim income {5.5461 (5.546) Accrued Income (l.733) (1.733) Deferred Income (1870) (1870) Pre￿Yments 38 38 Accrued Expcnscs 215 215 Ncl (¢xpcndrturc) / Inc(Mn¢ as r￿lat 21,345 36,705 Page 19 EMPOWEIUNG VULNERABLE CHIIJ)REN (EVC) GAMIA N(yfES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 IS. DETAILED STATEMENT 31.12.2024 31.12.23 Tot ToiAI Restated Donations and Icgacics Dtsnattons fundt&i5illg& spi)Dsorsh Gift Rid 222238 37.404 168.314 32,921 4.5(K) 205.735 Grants Total incoming resourtes 259.642 Othcr trading activities Truslee5 e)pen5es 3.542 3.387 Sundries EqU￿￿￿1t & FumAtu Project costs Child spotssorship TotHI 122 269 33,089 115.815 149295 96 93.155 119032 212283 s￿￿￿brt Costs Managcment Uganda administration &wages 13344 12,396 Financc Bank Char 140 81X) 150 Arnortisation 150 Human Resourccs Telephone P05tage and stationery Computer cost5 216 1735 288 168 3,407 2293 Oonorcare Total 1854 Govcrnancc costs Insurance 465 395 Total resources expended Net { expenditure ) fincome 169030 26 Pa8¢ 20