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2022-08-31-accounts

Mojatu Foundation

Charity No. 1167557

Trustees' Report and Unaudited Accounts

31 August 2022

Mojatu Foundation Contents

Pages
Trustees' Annual Report 3 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

Mojatu Foundation Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1167557

Principal Office

Howitt Building Lenton Boulevard Nottingham NG7 2BY

Trustees

The following trustees served during the year:

P. Cooper E.Kabando B.B. Koumbu W. Mugo

D. Nhidza

Accountants

WKM Accountancy Services Castledine House 5 Heanor Road Ilkeston DE7 8DY

Bankers

The Co-operative Bank Plc Business Direct P O Box 250

Skelmersdale WN8 6WT

OBJECTIVES AND ACTIVITIES

The objects of the Mojatu Foundation are: Develop the capacity and skills of socially and economically disadvantaged groups in particular but not exclusively women, girls and young people of African and Caribbean communities in such a way that they are better able to identify, help and meet their needs and to participate more fully in the society by: a. helping to eliminate discrimination on the grounds of race, gender, disability, sexual orientation or religion.

Page 2

Mojatu Foundation Trustees Annual Report

The trustees believe that the services that are offered to the public by Mojatu Foundation make available access to all as a community and as such believe that the charity is of benefit to the whole community. The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW

The foundation has had a considerable success in securing funding for ongoing and future projects.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Mojatu Foundation is a Registered charity [Charitable Incorporated Organisation – CIO] in the UK, registration No. 1167557. It was registered 08 June 2016. We transform communities through media, gender equality, health and training. We develop the capacity and skills of socially and economically disadvantaged and ‘hard-to-reach’ groups, in particular but not exclusively women, girls and young people of African and Caribbean communities, in such a way that they are better able to identify, help and meet their needs and to participate more fully in society

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

P. Cooper Trustee 15 May 2023

Page 3

Mojatu Foundation Independent Examiners Report

Independent Examiner's Report to the trustees of Mojatu Foundation

I report to the trustees on my examination of the financial statements of Mojatu Foundation for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mariah Tompkins

FMAAT

WKM Accountancy Services

Castledine House

5 Heanor Road

Ilkeston

DE7 8DY

15 May 2023

Page 4

Mojatu Foundation

Statement of Financial Activities

for the year ended 31 August 2022

Notes
Income and endowments
from:
Charitable activities
3
Other
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
funds
funds
Total funds Total funds
2022
2022
2022
2021
£
£
£
£
974
27,150
28,124
2,635
3,600
167,044
170,644
231,974
4,574
194,194
198,768
234,609
-
-
-
57,250
4,204
181,445
185,649
189,769
4,204
181,445
185,649
247,019
-
-
-
-
370
12,749
13,119
(12,410)
-
-
-
-		 Unrestricted
Restricted
funds
funds
Total funds Total funds
2022
2022
2022
2021
£
£
£
£
974
27,150
28,124
2,635
3,600
167,044
170,644
231,974
4,574
194,194
198,768
234,609
-
-
-
57,250
4,204
181,445
185,649
189,769
4,204
181,445
185,649
247,019
-
-
-
-
370
12,749
13,119
(12,410)
-
-
-
-		 Unrestricted
Restricted
funds
funds
Total funds Total funds
2022
2022
2022
2021
£
£
£
£
974
27,150
28,124
2,635
3,600
167,044
170,644
231,974
4,574
194,194
198,768
234,609
-
-
-
57,250
4,204
181,445
185,649
189,769
4,204
181,445
185,649
247,019
-
-
-
-
370
12,749
13,119
(12,410)
-
-
-
-		 Unrestricted
Restricted
funds
funds
Total funds Total funds
2022
2022
2022
2021
£
£
£
£
974
27,150
28,124
2,635
3,600
167,044
170,644
231,974
4,574
194,194
198,768
234,609
-
-
-
57,250
4,204
181,445
185,649
189,769
4,204
181,445
185,649
247,019
-
-
-
-
370
12,749
13,119
(12,410)
-
-
-
-
4,574
-
4,204		 194,194
-
181,445		 198,768
-
185,649		 234,609
57,250
189,769
4,204
-		 181,445 185,649 247,019
- - -
370
-		 12,749 13,119 (12,410)
- - -
370 12,749 13,119 (12,410)
370
3,374		 12,749 13,119 (12,410)
17,171 20,545 32,955
3,744 29,920 33,664 20,545

Page 5

Mojatu Foundation Balance Sheet

at 31 August 2022

Charity No. 1167557

Charity No. 1167557
2022
£
Current assets
Debtors
8
25,031
Cash at bank and in hand
48,434
73,465
Creditors:Amount falling due within one year
9
(39,801)
Net current assets
33,663
Total assets less current liabilities
33,663
Net assets excluding pension asset or liability
33,663
Total net assets
33,663
The funds of the charity
Restricted funds
10
Restricted income funds
12,749
12,749
Unrestricted funds
10
General funds
20,915
20,914
Reserves
10
Total funds
33,663		 2021
£
23,631
26,663
50,294
(29,749)
20,545
20,545
20,545
20,545
-
-
20,545
20,545
20,545

Approved by the trustees on 15 May 2023

And signed on their behalf by:

P. Cooper Trustee 15 May 2023

Page 6

Mojatu Foundation Notes to the Accounts

for the year ended 31 August 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Mojatu Foundation Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Mojatu Foundation Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net

income/expenditure. Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Mojatu Foundation

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before
other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Charitable activities
4
Other income
Commissioning - Research
& Training
Grants		 Unrestricted
£
450
-
524
974
Unrestricted
£
3,600
-
3,600		 Unrestricted
funds
2021
£
2,635
24,891
27,526
2,515
44,646
47,161
(19,635)
(19,635)
(19,635)
23,009
3,374
Restricted
£
8,750
17,500
900
27,150
Restricted
£
21,208
145,836
167,044		 Restricted
funds
2021
£
-
207,083
207,083
54,735
145,123
199,858
7,225
7,225
7,225
9,946
17,171
Total
2022
£
9,200
17,500
1,424
28,124
Total
2022
£
24,808
145,836
170,644		 Total funds
2021
£
2,635
231,974
234,609
57,250
189,769
247,019
(12,410)
(12,410)
(12,410)
32,955
20,545
Total
2021
£
2,635
-
-
2,635
Total
2021
£
36,514
195,460
231,974

Page 10

Mojatu Foundation Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on charitable
activities
Charitable activities
Governance costs
6 Other expenditure
Subcontractor
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
7 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess
8 Debtors
Trade debtors
Other debtors		 Unrestricted
£
25
-
-
600
768
2,811
4,204
of £60,000.		 Restricted
£
47,672
105,583
-
6,025
20,130
2,035
181,445
2022
80,033
-
785
80,818
2022
£
4,350
20,681
25,031		 Total
2022
£
-
-
-
-
Total
2022
£
47,697
105,583
-
6,625
20,898
4,846
185,649		 Total
2021
£
16,852
34,323
6,075
57,250
Total
2021
£
60,280
87,025
120
18,073
18,145
6,126
189,769
2021
68,039
281
1,165
69,485
2021
£
-
23,631
23,631

Page 11

Mojatu Foundation Notes to the Accounts

9 Creditors:

amounts falling due within one year

Trade creditors
Other taxes and social security
Other creditors
Accruals
10Movement in funds

At 1
September
2021
Restricted funds:
Restricted income funds:
-
-
-
Total
-
Unrestricted funds:
General funds
20,545
Total funds
20,545
11 Analysis of net assets between funds

Net current assets
12 Reconciliation of net debt
Cash and cash equivalents
Net debt		 2022
£
-
16,457
21,594
1,750
39,801
Incoming
resources
(including
Resources
other
expended
gains/losses
)
£
£
145,836
(142,996)
27,150
(23,405)
21,208
(15,044)
194,194
(181,445)
4,574
(4,204)
198,768
(185,649)
Unrestricted
funds
£
33,664 33,664
At 1
September
2021
Cash flows
£
£
26,663
21,771
26,663
21,771
26,663
21,771		 2021
£
138
17,382
10,579
1,650
29,749
At 31
August
2022
£
2,840
3,745
6,164
12,749
20,915
33,664
Total
£
33,664
33,664
At 31
August
2022
£
48,434
48,434
48,434

Page 12

Mojatu Foundation

Notes to the Accounts

13 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2022
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 2022
Other
£
2022
£
785
2021
2021
Land and Other
buildings
£
£
2021
£
1,165

Page 13

Mojatu Foundation

Detailed Statement of Financial Activities

for the year ended 31 August 2022

Income and endowments from:
Charitable activities
Charitable activities
Other
Commissioning - Research &
Training
Grants
Total income and endowments
Expenditure on:
Charitable activities
Charitable activities
Total of expenditure on
charitable activities
Other expenditure
Subcontractor
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Staff welfare
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
Other premises costs		 Unrestricte
d funds
2022
£
450
-
524
974
3,600
-
3,600
4,574
-
-
-
-
-
25
25
-
-
-
-
-
-
-
-
600
-
-
-
600		 Restricted
funds
2022
£
8,750
17,500
900
27,150
21,208
145,836
167,044
194,194
-
-
-
-
-
47,672
47,672
80,033
-
785
13,915
10,850
105,583
-
-
5,806
-
219
-
6,025		 Total funds
2022
£
9,200
17,500
1,424
28,124
24,808
145,836
170,644
198,768
-
-
-
-
-
47,697
47,697
80,033
-
785
13,915
10,850
105,583
-
-
6,406
-
219
-
6,625		 Total funds
2021
£
2,635
-
-
2,635
36,514
195,460
231,974
234,609
16,852
34,323
6,075
57,250
57,250
60,280
60,280
68,039
281
1,165
17,540
-
87,025
120
120
17,335
297
433
8
18,073

Page 14

Mojatu Foundation

Detailed Statement of Financial Activities

General administrative

costs, including depreciation
and amortisation
Equipment expensed General
insurances Information and
publications Software, IT
support and related costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and
professional costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 -
330
276
-
80
-
82
768
2,567
-
244
2,811
4,204
4,204
-
370
370
-
370
20,545
20,915		 1,076
884
17,160
-
240
-
770
20,130
-
-
2,035
2,035
181,445
181,445
-
12,749
12,749
-
12,749
-
12,749		 1,076
1,214
17,436
-
320
-
852
20,898
2,567
-
2,279
4,846
185,649
185,649
-
13,119
13,119
-
13,119
20,545
33,664		 -
556
15,442
216
1,083
228
620
18,145
4,111
2,015
-
6,126
189,769
247,019
-
(12,410)
(12,410)
-
(12,410)
32,955
20,545

Page 15