REGISTERED CHARITY NUMBER: 1166587
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 August 2024
for
Ratidzo Trust
A.J. Bennewith & Co.
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Ratidzo Trust
Contents of the Financial Statements
for the Year Ended 31 August 2024
|
|
Page |
|
Report of the Trustees |
|
1 |
|
Independent Examiner's Report |
|
2 |
|
Statement of Financial Activities |
|
3 |
|
Balance Sheet |
|
4 |
|
Notes to the Financial Statements |
5 |
to |
9 |
Ratidzo Trust
Report of the Trustees for the Year Ended 31 August 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2024. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThecharityiscontrolledbyitsgoverningdocumentandconstitutesafoundationCharitableIncorporated Organisation
(CIO) with a Registered Company number of CE006275.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1166587
Principal address
41 Brunel Road
Paignton
TQ4 6HW
Trustees
Ms E Chiota
P Lucas
Mrs S Lucas
E A Jarman
Mrs B I Jarman
R Jarman
D Pardoe
M Busby
Independent Examiner
A.J. Bennewith & Co.
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Approved by order of the board of trustees on 30 June 2025 and signed on its behalf by:
P Lucas - Trustee
Page 1
Independent Examiner's Report to the Trustees of
Ratidzo Trust
Independent examiner's report to the trustees of Ratidzo Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofRatidzoTrust(theTrust)fortheyear ended
31 August 2024.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedout underSection145of the Act andin carrying out
my examinationI havefollowedallapplicableDirectionsgivenby theCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnectionwith 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 concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Bennewith FCA
A.J. Bennewith & Co.
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
30 June 2025
Page 2
Ratidzo Trust
Statement of Financial Activities
for the Year Ended 31 August 2024
|
|
31.8.24 |
31.8.23 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
Donations and legacies |
|
19,249 |
23,093 |
Other trading activities |
2 |
7,334 |
1,772 |
Investment income |
3 |
4 |
- |
Total |
|
26,587 |
24,865 |
EXPENDITURE ON |
|
|
|
Raising funds |
|
731 |
353 |
Charitable activities |
|
|
|
Direct charitable activity |
|
24,279 |
25,792 |
Total |
|
25,010 |
26,145 |
NET INCOME/(EXPENDITURE) |
|
1,577 |
(1,280) |
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
366 |
1,646 |
TOTAL FUNDS CARRIED FORWARD |
|
1,943 |
366 |
The notes form part of these financial statements
Page 3
Ratidzo Trust
Balance Sheet
31 August 2024
|
|
31.8.24 |
31.8.23 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
CURRENT ASSETS |
|
|
|
Debtors |
6 |
1,444 |
3,334 |
Cash at bank |
|
5,937 |
2,090 |
|
|
7,381 |
5,424 |
CREDITORS |
|
|
|
Amounts falling due within one year |
7 |
(5,438) |
(5,058) |
NET CURRENT ASSETS |
|
1,943 |
366 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
1,943 |
366 |
NET ASSETS/(LIABILITIES) |
|
1,943 |
366 |
FUNDS |
8 |
|
|
Unrestricted funds |
|
1,943 |
366 |
TOTAL FUNDS |
|
1,943 |
366 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30June2025and were
signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 4
Ratidzo Trust
Notes to the Financial Statements
for the Year Ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Charities Act
2011. The financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
31.8.24 |
31.8.23 |
|
£ |
£ |
Fundraising events |
7,334 |
1,772 |
continued...
Page 5
Ratidzo Trust
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
3. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
|
31.8.24 |
31.8.23 |
|
|
£ |
£ |
|
Deposit account interest |
4 |
|
- |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended31 August2024 nor for the year ended
31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
23,093 |
Other trading activities |
1,772 |
Total |
24,865 |
EXPENDITURE ON |
|
Raising funds |
353 |
Charitable activities |
|
Direct charitable activity |
25,792 |
Total |
26,145 |
NET INCOME/(EXPENDITURE) |
(1,280) |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
1,646 |
TOTAL FUNDS CARRIED FORWARD |
366 |
continued...
Page 6
Ratidzo Trust
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.8.24 |
31.8.23 |
|
|
|
£ |
£ |
|
Other debtors |
|
844 |
2,734 |
|
Prepayments and accrued income |
|
600 |
600 |
|
|
|
1,444 |
3,334 |
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.8.24 |
31.8.23 |
|
|
|
£ |
£ |
|
Other creditors |
|
5,438 |
5,058 |
8. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.9.23 |
in funds |
31.8.24 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
366 |
1,577 |
1,943 |
|
TOTAL FUNDS |
366 |
1,577 |
1,943 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
26,587 |
(25,010) |
1,577 |
|
TOTAL FUNDS |
26,587 |
(25,010) |
1,577 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.9.22 |
in funds |
31.8.23 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
1,646 |
(1,280) |
366 |
|
TOTAL FUNDS |
1,646 |
(1,280) |
366 |
continued...
Page 7
Ratidzo Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming |
Incoming |
Resources |
Movement |
resources |
|
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
24,865 |
(26,145) |
(1,280) |
TOTAL FUNDS |
24,865 |
(26,145) |
(1,280) |
A current year 12 months and prior year 12 months combined position is as follows: |
|
|
|
|
|
Net |
|
|
|
movement |
At |
At 1.9.22 |
|
in funds |
31.8.24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
1,646 |
297 |
1,943 |
TOTAL FUNDS |
1,646 |
297 |
1,943 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin theabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
51,452 |
(51,155) |
297 |
TOTAL FUNDS |
51,452 |
(51,155) |
297 |
continued...
Page 8
Ratidzo Trust
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 9