Registered Charity Number: 1178286
KALOLO DISABILITY TRUST
TRUSTEES REPORT AND ACCOUNTS
31 October 2021
KALOLO DISABILITY TRUST Financial statement For the year ended 31 October 2021
| Contents | Page |
|---|---|
| Charity information and professional advisers | 3 |
| Trustees’ report | 4 |
| Accountants’ report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
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KALOLO DISABILITY TRUST
Charity information For the year ended 31 October 2021
| Registered charity name | Kalolo Disability Trust |
|---|---|
| Charity number | 1178286 |
| Registered office | 24 Davidson Drive Middleton |
| Manchester | |
| M24 1UH | |
| Trustees | Ekiwe Kalolo (Chair) |
| Shylet Samoyo Mashonganyika | |
| Maria Stella Ratidzo Muzanarwo | |
| Accountants | BC NWAIWU & CO LTD |
| Building 1 Suit 4A Office 6 | |
| Wilsons Park Business Centre | |
| Manchester | |
| M40 8WN | |
| Bankers | CAF Bank Ltd |
3
KALOLO DISABILITY TRUST Trustees’ report For the year ended 31 October 2021
The Trustees, present their annual report with the unaudited financial statements of the charity for the year ended 31 October 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity's governing document, the Charities Act 2022 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2019).
Reference and administrative details
The Charity is a charitable incorporated organisation and was formed on 8 May 2018.
Our Objects
The objects of the charity for the public benefit include;
-
to relieve the needs of children and young people with autism spectrum disorder or other learning disabilities by the provision of recreational activities and support for their parents and carers and raising awareness of the issues faced by children and young people with autism spectrum disorder or learning disabilities, their families and carers.
-
to advance the education of the general public in all areas relating to autism.
Projects
Projects undertaken during the year include:
Covid food support
During the period under review, the charity delivered food packs to children and young people with autism spectrum disorder and other learning disabilities to alleviate the hardship caused by COVID-19.
Public Benefit
The board of trustees have given due consideration to Charity Commission’s published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the charity.
Going concern
The trustees have assessed the ability of the charity to continue operating and discharging its role for the foreseeable future, and have made financial projections, taken into consideration the current economic climate because of Coronavirus (COVID-19) crisis and its potential impact on the various sources of income and planned expenditure. We have adequate financial resources and are able to manage our business risks.
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KALOLO DISABILITY TRUST Trustees’ report For the year ended 31 October 2021
Statement of responsibilities of the trustees
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022.
Ekiwe Kalolo Chair of Trustees
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KALOLO DISABILITY TRUST
Accountants' Report
For the year ended 31 October 2021
Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Kalolo Disability Trust for the period ended 31 October 2021
In order to assist you to fulfil your duties under the Charity Act 2022, we have prepared for your approval the accounts of Kalolo Disability Trust for the period ended 31 October 2020 which comprise of the Statement of financial activities (incorporating income & expenditure account), the Balance Sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of Kalolo Disability Trust, as a body, in accordance with the terms of our engagement dated 23 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Kalolo Disability Trust and state those matters that we have agreed to state to the Trustees of Kalolo Disability Trust, as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kalolo Disability Trust and its Trustees as a body for our work or for this report.
It is your duty to ensure that Kalolo Disability Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Kalolo Disability Trust. You consider that Kalolo Disability Trust is exempt from the statutory audit/independent examination requirement for the period.
We have not been instructed to carry out an audit/independent examination or a review of the accounts of Kalolo Disability Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BC NWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN
Date: 13 September 2022
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KALOLO DISABILITY TRUST Income statement
For the year ended 31 October 2021
| Note Income from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) for the year 5 Transfer between funds Net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted £ 846 - 846 978 978 (132) - (132) 1,000 868 |
Restricted £ - - - - - - - - - - |
2021 £ 846 - 846 978 978 (132) - (132) 1,000 868 |
2020 £ 3,396 - |
|---|---|---|---|---|
| 3,396 | ||||
| 2,396 | ||||
| 2,396 | ||||
| 1,000 - |
||||
| 1,000 - |
||||
| 1,000 |
The notes on pages 9 to 14 form part of these financial statements
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KALOLO DISABILITY TRUST Statement of financial position For the year ended 31 October 2021
| Note Fixed assets Tangible assets 6 Total fixed assets Current assets Cash at bank and in hand 7 Debtors 8 Total current assets Liabilities Creditors - Amount falling due within one year 9 Net current assets Total assets less current liabilities Creditors - Amount falling due after more than one year 10 Net assets The funds of the charity: Unrestricted funds 11 Restricted funds 11 Total charity funds |
£ 968 - 968 (100) |
2020 £ - - 868 868 - 868 868 - 868 |
£ - 1,100 1,100 (100) |
2019 £ - |
|---|---|---|---|---|
| - 1,000 |
||||
| 1,000 - |
||||
| 1,000 | ||||
| 1,000 - |
||||
| 1,000 |
Ekiwe Kalolo Chair of Trustees
Approved by the board on 13 September 2022
The notes on pages 9 to 14 form part of these financial statements
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a. Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Kalolo Disability Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b. Judgments and estimates
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
c. Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are grants and donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
e. Income
The Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
f. Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
-
Expenditure on charitable activities includes all costs undertaken to further the purposes of the charity and their associated support costs.
-
Finance costs includes all interest and other costs the charity incurs in connection with the borrowing of funds.
g. Tangible fixed assets
All expenditure of a capital nature on development work overseas is expensed as incurred, while tangible fixed assets in the UK costing more than £100 are capitalized and included at cost, including any incidental expenses of acquisition. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost by equal annual instalments over their expected useful economic lives as follows:
| Freehold land and buildings | Nil |
|---|---|
| Computer infrastructure | 5 years |
| Computer equipment | 4 years |
| Furniture, fixtures and equipment | 4 years |
Impairment reviews are conducted when events and changes in circumstances indicate that an impairment may have occurred. If any asset is found to have a carrying value materially higher than its recoverable amount, it is written down accordingly.
h. 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.
i. Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
j. Creditors and provisions
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.
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
| 2. Donations and legacies Donations Other income Total 3. Charitable activities Grants Charitable trading Charity sales Support services Total income from charitable activities |
Unrestricted £ 846 - 846 Unrestricted £ - - - - - - |
Restricted £ - - - Restricted £ - - - - - - |
2021 £ 846 - 846 2021 £ - - - - - - |
2020 £ 1,896 1,500 |
|---|---|---|---|---|
| 3,396 | ||||
| 2020 £ - |
||||
| - | ||||
| - - |
||||
| - | ||||
| - |
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
| 4. Expenditure on charitable activities Staff cost Project costs Depreciation Professional fees Governance costs Support costs Restricted expenditure Unrestricted expenditure 5. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation 6. Fixed assets: tangible assets Land and Buildings £ Cost At 1 November 2020 - Additions - At 31 October 2021 - Depreciation At 1 November 2020 - Charge for the year - At 31 October 2021 - Net book value At 31 October 2021 - At 1 November 2020 - |
Fixtures and fittings £ - - - - - - - - |
2021 £ - 500 - - 100 378 978 - 978 978 2021 £ - Computer equipment £ - - - - - - - - |
2020 £ - 1,500 - - 100 796 2,396 1,500 896 2,396 2020 £ - |
|---|---|---|---|
| Total £ - - |
|||
| - | |||
| - - |
|||
| - | |||
| - | |||
| - |
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
| 7. Cash at bank and in hand Cash at bank Cash in hand 8. Debtors Trading debtors Grant debtors Prepayments 9. Creditors- Amount falling due within one year Accountancy fee 10.Creditors- Amount falling due after more than one year Trade creditors Other creditors |
2021 £ 968 - 968 2021 £ - - - - 2021 £ 100 100 2021 £ - - - |
2020 £ - - |
|---|---|---|
| - | ||
| 2020 £ 1,100 - - |
||
| 1,100 | ||
| 2020 £ 100 |
||
| 100 | ||
| 2020 £ - - |
||
| - |
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KALOLO DISABILITY TRUST Notes to the financial statements For the year ended 31 October 2021
| 11. Fund movements Restricted funds Restricted project fund Unrestricted funds General fund The funds of the charity |
Balance at 1 November 2020 £ - - 1,000 1,000 1,000 |
Income £ - - 846 846 846 |
Expenditure £ - - (978) (978) (978) |
As at 31 October 2021 £ - |
|---|---|---|---|---|
| - 868 |
||||
| 868 | ||||
| 868 |
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