2020-07-31-accounts

UMOJA (COMMUNITY) DEVELOPMENT PROJECTS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] JULY 2020

CHARITY NUMBER: 1174136

UMOJA (COMMUNITY) DEVELOPMENT PROJECTS 17 LATIMER ROAD WOKINGHAM RG41 2XX

INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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UMOJA (COMMUNITY) DEVELOPMENT PROJECTS

TRUSTEES’ REPORT YEAR ENDED 31[ST] JULY 2020

The trustees are pleased to present their report for the year ended 31[st] July 2020 for the charity, Umoja (Community) Development Projects with charity number 1174136.

The Trustees of the charity are: Bishop Joseph Ruo Thandeka Msimango Rev Wander Phiri

The principal address of the charity is : 17 Latimer road Wokingham RG41 2XX

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 4[TH] August 2017.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance in life and relieve the needs of young people through the provision of Information, Advice and Guidance, which will develop their skills, capacities and capabilities so improve their conditions of life and enable them to participate in society as mature and responsible individuals in society . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation still had a small income in the year. However, they continued to hold events, advice and counselling to promote their ethos in the community. They also held an overseas project to help those in need in Kenya. This produced some momentum as the individuals were empowered to compete in both the employment market and business entrepreneurship with the new skills that they acquired.

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FINANCIAL REVIEW

The income of the charity is £40. Though this is very small for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 10[th] December 2020 and signed on their behalf by:

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UMOJA(COMMUNITY) DEVELOPMENT PROJECTS.

ACCOUNTS FOR THE YEAR ENDED 31st July 2020

**1 **	Receipts & Payments Account (General	Purpose Fund)
	Income Receipts	£/ 2020 £/2019
	Donations	745	40
	Interest	0	0
	Total Receipts	745	40
	Direct Charitable Expenditure
	Professional fees	0	0
	Supplies	100
	Refreshments	54
	bank charges	15
	Mission	280
	Events	135
		584	0
	Other Expenditure
	Equipment
	Instruments
		0	0
	Total Payments	584	0
	Net Receipts/(Payments) for the year	161	40
	Cash Funds brought forward	60	20
	Cash Funds at the end of the year	221	60

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UMOJA(COMMUNITY) DEVELOPMENT PROJECTS.

----- Start of picture text -----
2 Statements of Assets and Liabilities at 31st July 2020
Monetary Assets
Cash Funds Unrestricted Funds
£/2019 £/2020
£
Cash at hand and in bank 221 60
Total Cash Funds 221 60
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments 0 0
Equipments
0 0
Liabilities
Bookkeeping 200 200
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These accounts were approved by the trustees and signed on their behalf by: Bishop Joseph Ruo

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UMOJA(COMMUNITY) DEVELOPMENT PROJECTS.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st July 2020

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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