KORE DEVELOPMENTCHARITY Report and Financial Statements Forthe period ended 30 September 2024 KORE DEVELOPMENTCHARITY TH ANNUAL REPORT FOR THEYEAR ENDED 30 SEPTEMBER 2024 CONTENTS Page Charity Information Report ofTrustees Receipt and payments accounts CHARITY NUMBER 1175928 KORE DEVELOPMENTCHARITY TH ANNUAL REPORTFOR THEYEAR ENDED30 SEPTEMBER2024 REFERENCE & ADMINISTRATIVE DETAILS Charity Name KORE DEVELOPMENTCHARITY Charity Registration No 1175928 Address 5a Sunnycrescent London Nwio ORE Trustees Andrea Dennis lan Burke Tefelah Forde Bankers Lloyd Bank 25 Gresham Street London EC2V 7HN CHARITY NUMBER 1175928 KORE DEVELOPMENTCHARITY ANNUAL REPORT FOR THEYEAR ENDED 30TH SEPTEMBER 2024 ort ofTru5tees The Trustees present their report and financial statements for the year ended 30th September 2024 Charity: Kore Development Charity Aims and Objertives: We are a charity designed to enrich the lives of familie5 Within the Brent community. Our team understands the Social Economic factors of poverty and its effects to, individuals, families and most importantly communities. We aim to help and rebuild a stronger communityi by creating activities for disadvantaged families to engage in positive social experiences and vnforgettoble journeys. Development, Activities and Achievements thisyear This year, our charity has successfully organised and delivered a four-week summer camp, providing meaningful employment opportunities for 8 to io young people while enhancing theirjob skills. Additionally, we planned and executed several family trips aimed at strengthening family bonds. We have actively supported local community groups in their efforts to recruit more participants. Furthermore, we have established a walking group designed to combat the mental health risks associated with isolationi promoting both physical and mental well-being. Future Developments Looking ahead, we are planning oursecond summercamp for 2024. We are collaborating with other community groups to deliver more projectsthat bring together all generations. In response to community feedback, we are also looking to expand our employability and training opportunities for 18 to 24-year-olds and the long-term unemployed. Transartions and Financial Position The financial position of the charity is currently strong. We have successfully managed our liabilities and are pleased to report that all outstanding debts have been settled. Our financial transactions and overall position reflert effertive management and stabilityi ensuring we are in a favourable positionto continue supporting our mission and objectives. FINANCIAL REVIEWAND RISK MANAGEMENT. Trustee5 clearly understand the need to review the risk registerforthe organisation to identify specific areas of risk and provide dates and details of artion(s) to be taken going forward. Our budgeting remains the cornerstone of ourfinancial management to be sure the charity does what it should ideally before the financial year begins, albeit determined by what funds we acquire. However, we have financial rules in place and board rnembers have the financial skills needed to give verbal and written reports with as much detail a5 is appropriate tothe size of the charity. TRUSTEE RESPONSIBILITIES. The Board ofTru5tees recognise their responsibilities for keeping proper accounting records and preparing financial statements each year. The Annual accounts document ourfinances forthe period ended 30th Septèmber 2024 and did not require an independent examination. OUR WORKTHIS FINANCIAL YEAR This financial year has been marked by significant achievements and impactful activities, showcasing our commitmentto community development and support. We have actively pursued various grants that align with our mission and values. Additionallyi we have established partnerships with multiple organisations to support our fundraising efforts. ensuring sustained financial sUPPOrt for both the current and future years. REVIEWOFACTIVITIES. Key highlights include: Summercamp: Our summer campi held over four weeks, was a notable success last year and has been repeated for this year. We have engaged and educated both the young people who attended and those employed to work atthe camp.This initiative provides valuable employability and mentoring opportunities. helping participants develop essential skills and gain practical experience. Community Engagement: The camp also played a cwcial role in fostering community cohesion. By bringing people together, we encouraged a sense of belonging and facilitated opportunities for individualsto connect and support each other, embodying the principle of knowing thy neighbour." Youth Development: Our effortstotransform and enhancethe mindset of young people were particularly effective. We equipped them with the skills needed to supporttheirfamilies, contributing to improved family dynamics and overall well-being. 4. Family Support: We provide families with valuable resources and guidance to access information aimed at improving their financial and social well-bein9. This support has helped many families better manage theirfinancial situations and enhance their quality of life. Overall, our artivitiesthis year have not only achieved significant milestones but have also laid a strong foundation for continued success and positivè community impact in the future. Declarations The Trustees declare that they have approved the TnJstees' report above. Signed on behalf of the charity'sTrustees. Andrea Dennis... FoRENrA￿k￿wA￿s Receipts and payments accounts CC16a For the period To 01110r2023 30K)9f2L124 Section A Receipts and payments Unrestricted fundB Restricted lunds Endowment bth Total funds Last year tot1* £ tstho totr* n•art8t£ tothv fie•rost £ loth? near￿1 E A1 Recel Grsnls Fees Serwt8s Oihw IncD 46,32J 4.420 &587 1078 tota ross Income or AR) 10341 11J43 679 Set an 18ee table). n￿8tM•nt $a •$. A3 Pa mènt8 $t811 wsi 3n¢J se¥sion81 wrrtors M8theiing & PUN￿lty 8,521 1.912 2.760 19.619 789 2,380 9,681 600 3,604 275 6,058 700 1.912 1760 1,161 S,231 Equipmenl Legal & Professk￿l Rent & 0￿¢8 eyn8ei Travel Expwtses Trips Acwunw Fees 5331 2,352 7Tr) 1352 Sub total 4707 a7 A4 Asset and Investment urchases see table Sub total Totslpayments •759 Net of receipts/(paymentsJ A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 7,191 15,231 17,41 14973 15.231 14973 CCXX R1 accounts ISSI 2410712025 Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted funds to nearest £ Endowmènt funds to nèare5t£ Categofies Detalls to warest£ Bl Cash funds Q54 Tt>tal e•sh funds Unrestricted Restricted funds to nearest e Endowmgnt fun(ts Oetsils to wires1£ to nearest£ Fuhd to wh¢¢h Current v•lu ional Dètsl Fund to w*lth current v•lu• Détsl CL¥tIooionAII 84 A88•ts r•talnèd for th• charlty's own uso Fund to which Amount ¢Ju tional Whtrn duo Detalls 85 Liabilitle8 Sign8d by one or trustees on behalf of all the Iruslees Dale ol roval Swn*ure Print Name CCXX R2 arLounts ISSI 2410712025