## **READING EDGE AFRICA** 

Registered Number: 1161361 

2 Housesteads Close, Willington Quay Wallsend NE28 0BQ 

**ANNUAL REPORT 2023** 




**Structure, Governance and Management** 

## 01 

## **Structure and Governance** 

Reading Edge Africa is a charitable incorporated organisation governed under the foundation model constitution for a charitable incorporated organisation. Our registration number is **1161361** under the Charities Commission. 

Reading Edge Africa is funded through private donations. The majority of fundraising activities are undertaken by the trustees, and a secured database of donors and patrons is kept up to date. Most donors are known to the trustees as personal connections. The volunteers undertake fundraising activities under the supervision of the trustees. 

. 

02 

## **Management and Staffing** 

The day-to-day operation of the charity is overseen by the trustees, who work on behalf of the charity without receiving any remuneration. 

The charity is managed by appointed trustees, who oversee the day-today operation, finances, and strategic issues of the charity. 

Trustees do not receive any renumeration for their work. 

The trustees oversee the work of the volunteers 


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## **ACTIVITIES AND ACHIEVEMENTS** 

# **2023** 

**IN UNDERTAKING** 

**THE FOLLOWING ACTIVITIES WE CONFIRM THE TRUSTEES HAVE HAD REGARD TO THE  CHARITY  COMMISSION’ S GUID- ANCE ON PUBLIC** 

Due to the inability of the charity to retain reliable associates in the target countries, there was no activity during the reporting period. 

The Trustees have decided to wind down the activities of the charity in 2024. 

**BENEFIT.** 

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## **FINANCIAL REVIEW** 

## **OVERVIEW** 

## **Review of Financial Position at the End of Reporting Period** 

At the end of the reporting period the charity had an income of **£285.39** and an expenditure of **£0** . The funds carried forward was **£2,900.77.** All of the income was unrestricted funds from donations. 

## **Plans for the Future** 

The Trustees will review the continued relevance of the charity considering the operating environment of our target countries. 

The trustees annual report was approved by the trustees on the 10[th] of October 2024 and signed on their behalf 

by: 


Joseph Akinyemi (Chairman, Board of Trustees) 


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|**READING EDGE AFRICA**|**READING EDGE AFRICA**|**READING EDGE AFRICA**|**READING EDGE AFRICA**|||||
|---|---|---|---|---|---|---|---|
|**Statement of Financial Actvites 2023**||||||||
|||||||||
|**Receipts and Payments Account**||||||||
|**for the year ended 31st December 2023**||||||||
|||||||||
||||**Notes**||**2023**||**2022**|
|**Receipts:**|||||**£**||**£**|
||Opening Bank balance||||**2,900.47**||**2,615.08**|
||Donatons from individuals||||**114.52**||**260.00**|
||Donatons from Organisatons||||0||**25.39**|
|||||||||
|||||||||
|||||||||
|**Total Funds Available**|||||**3,014.99**||**2,900.47**|
|||||||||
|**Payments:**||||||||
|||||||||
|||||||||
|**Total Payments**|||||**-**||**-**|
|||||||||
|||||||||
|**Surplus/(defcit)**|||||**3,014.99**||**2,900.47**|
|||||||||
|**Balance in hand at end of year**|||||**3,014.99**||**2,900.47**|
|||||||||
|||||||||
||**Represented by:**|||||||
||Barclays Bank as at December 2021/2020||||**3,014.99**||**2,900.47**|




-------------------------------------------------------------------------Joseph Akinyemi (Chairman, Board of Trustees) 

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