CLIENT COPY COMPANY REGISTRATION NUMBER: CE017370 CHARITY REGISTRATION NUMBER: 1183224 Joy for Humanity Unaudited Financial Statements For the year ended 31 December 2024
Joy for Humanity Financial Statements Year ended 31 December 2024 Page Trustee's annual report Independent examiner's report to the trustee Statement of fi'nancial activities Statement of financial position Statement of cash flows Notes to the financial statements 10
Joy for Humanity Trustee's Annual Report Year ended 31 December 2024 The Iruslee presents his report and the unaudited financial slalemenls of the charity for the year ended 31 December 2024. Reference and admlnlstratlve detalls Registered charity name Joy for Humanity Charlty re9iStration number 1183224 Principal office The trusteg Mr Kevin Belcher (Chair} Independent examlner Lesser & Co Chartered Accountants & Business Advisors 147 Slalion Road North Chingford London E4 6AG
Joy for Humanity Trustee's Annual Report (conttnu8dJ Year ended 31 December 2024 Structure, governan¢e and management The Charity was registered in May 2019 as a Charitable Incorporated Organisation. Prior lo this JFK UK had been operating as a project of Fraction Park Baptist Church. In August 2019 JFK UK was able lo open a bank account with CAB Bank. This is when the CIA started to operate as an independent charity. There are four Iruslees of the charity, Kevin Belcher is chairperson with 20 years experience in UK and International Charity leadership. Kevin is, in the habit of visiting Uganda twiee a year and has developed a close relationship with Richard Ssekileko, the chair of JFH Uganda. They work closely to oversee the governance of the chairties and joint working. Joseph Lukwago. Voluntary Director. overseas the weekty operations of the charity and liases closely with the team in Uganda. Joseph has many years of leadership in Uganda rising lo Private Secretary to the Vice President of Uganda prior lo moving to le UK on a secondmnel. Heather Belcher is a GP and supports the Governance of the new Health Cenlre. Shilla Namuli is from Uganda and suppoorts us making sure all decisions are culturally appropriate. The UK Truslees meet regularly with the Ugandan Trustees. The trustees are keen lo limit the internal and external risks lo which the charity is exposed and are looking into ways of providing further support to the charity's principle activities. Internal control risks are minimised by the implementation of procedures for aulhorisalion of all transactions and projects. ProcedLJres are in place to ensure compliance with the health and safety of staff, volunteers, Clients and visitors lo the various projects. Since we do a lol of international transfers lo Joy For Humanity Uganda. our policy includes an overseas payment procedure to ensure that the funds transferred lo Uganda are sent for the intended purpose. Prwedure.. The Uganda team shares acknowledgement of the funds received from Joy For Humanity UK.- The Uganda team shares detailed financial monthly reports for new projects and ongoing projecls.- Joy For Humanity UK and the Uganda team have regular online meetings lo keep each other updated on the activities with financial reports, which is also a learning processs for both teams. The UK Trustees make regular visits lo the project area in Uganda for monitoring. These vi$ils also involve volunteers visiting Uganda to Participate and see how the funds sent lo Uganda are serving the community. Joy For Humanity organisation is a result of mutual relationship, friendship and understanding. This is one of the reasons why there is excellent coordination in the delivery of services. However. even with this kind of established relationship, the UK Chairty Trustees exercise their own discretion in the developmental projects in Uganda. One important reason for the eslablishmenl of Joy For Humanity Uganda was to showcase a grassroots chairty delivering service$ to the community with efficient processes and proper Utilisalion of resources for the intended target gorup. To showcase a Me1 of success in the future for the country, documenting the processes and funds received in Uganda is at the centre of what is done.
Joy for Humanity Trustee's Annual Report (¢ortllnuedJ Year ended 31 December 2024 Joseph Lukwago and Kevin Belcher complete the operational tasks of the charity wilhoul employing any staff. They meet on a monthly basis with each other and on a monthly basis with the Ugandan team. There are also a group of JFH Ambassadors who support the charity in the UK. All of the Ambassadors have visited the activities in Uganda. The Iruslees are not remunerated and in the year 2024 have claimed no expenses. Objectlves and activities Joy for Humanity provides education lo children and empower Ugandan lamilies lo earn an income which allows them lo meet their basic needs like shelter, healthcare, food, clothing and education lo live health, and dignified lives. The objectives are, for the benefit of people living in Uganda. a country found in East Africa. 11 To advance the education of persons in need, including orphans in Uganda by providing merit based scholarships and assisting in the provision of facilities for education and by such other means as the trustees may determine. 21 The prevention or relief of Poverty and sickness in Uganda by providing education, training, healthcare projects and all necessary support designed to enable individuals to generate a sustainable income and be self-sufficienl.
Joy for Humanity Trustee's Annual Report (¢onllnuedJ Year ended 31 December 2024 Achievoments and performance The education environment in Uganda never fully recovered from the Coved-19 pandemic. Greater restrictions have been imposed by the Government, and the slate of the economy has meant the local parents have struggled lo pay school fees for their children to allend school. During 2023, through the support of Britannia Education Trust, the new school toilets were fully completed. The numbers attending the school have dropped from pre-pandemic levels of 650 to 400-450 students per term. Thi$ has put a tremendous financial strain on the school management. Some months il has not been fully possible lo pay the teachers on lime. The Trustees and family supporting the school have been providing food from their personal farm and also cooking the food themselves. Without the monthly support from the UK, il would not have been possible to maintain the excellent team of staff al the school. Remote leaching at the weekend has continued for local children who are not able lo attend Kyazanga Modern Primary School IKMPS). This has been a great encouragement lo the wider community and promotes the phonics leaching method. The access lo computer tablets has been such a boost for the school and community. We also believe that the economic growth parl of our support is growing in importance to enable the local parents to be able lo afford to send their children lo school. Savings and Credit Organisalion ISACCOI We were able lo continue lo support the SACCO by supporters re-investing funds that could have been withdrawn. This SACCO continues lo support many local farmers. Chickens- This continues lo be a self-funding project, bul the number of chickens reared has been less due lo the high cost of feed. making il a challenge to make a surplus when selling the chickens. The project is. however, continuing and working well alongside the Black Soldier Flies. Bla¢k Solider Flies - This project has flourished during 2023. It has become a regional centre to demonslrale the effectiveness of the project and is producing a rnOnth surplus. We We able to provide the groups with a portable irrigation system which means that farmers are able to grow their crops even in the dry seasons which wasnl possible before this acquisition. Flnancial revlew JFK UK has no ambitton to grow staff or a bigger structure in the UK. We want lo remain a support organisalion for the team in Uganda supporting them to develop their services. We believe they know best the needs of their community but with our external support they can make this happen quicker and in beller ways.
Joy for Humanity Trustee's Annual Report (contlnuod) Year ended 31 December 2024 The trustee's annual report was approved on 31 July 2025 and signed on behalf of the board of trustees by.. Mr Kevin Belcher (Chair} Trustee
Joy for Humanity Independent Examiner's Report to the Trustoe of Joy for Humanity Year ended 31 December 2024 I report lo the trustee on my examination of the financial statements of Joy for Humanity I'lhe charity,) lor the year ended 31 December 2024. Responsibilitle$ and basls of report As the Iruslee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the charity's financial slalemenls earried out under section 14S of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ibl of the Act. Indgpendent examinerfs ststement I have completed my examination. I 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.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not compty with the applicable requirements concerning the form and content of accounts set out in the Charits'es IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not 8 maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. LESSER & CO Chartered Accountants & Business Advisors Independent Examiner 147 Station Road North Chingford London E4 6AG
Joy for Humanity Statement of Financial Activities Year ended 31 December 2024 2024 Reslricled funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 21.832 144 71,149 92.981 144 76.278 Total incomo 21.976 71.149 93,125 76,278 Expendlture Expenditure on charitable activities Other expenditure Total expendlture 17,205 62,272 79.477 91,425 6,847 17,205 62,272 79,477 98,272 Net incomellexpenditurgl and net movement in funds 4,771 8,877 13,648 121.994} Reconciliation of funds Total funds brought forward Total funds carried forward 1.966 6.737 9,228 11,192 24,840 33,186 18,105 11.192 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pag8s 10 to 16 form part of th•se financial statements.
Joy for Humanity Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 12 1,313 11,193 24,840 24,840 12,506 Credltors: amounts falling due wlthln one year Net currgnt assets 13 1,314 11,192 24,840 24.840 Totsl assets less current liabilities 11,192 Funds of Ihe charity Restricted fund5 Unrestricted funds 18,105 6,735 24,840 9,228 1,964 Total charity funds 14 11,192 These ftnancial statements were approved by the board of trustees and aulhorised for issue on 31 July 2025, and are signed on behalf of the board by.. The Iruslees, annual report and the slralegi¢ report were approved on 31 July 2025 and signed on behalf of the board of trustees by.. Mr Kevin Belcher (Chairl Trustee The notes on pages 10 to 16 form part of these financiol statements.
Joy for Humanity Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operating activities Nel incomellexpenditure) 13.848 121,9941 Adjustments for.. Other interest receivable and similar income Interest payable and similar charges 11441 60 60 Chsnges in.. Trade and other debtors Trade and other creditors 1.313 11,3141 13,563 11,3131 1,314 Cash generated from operations 121,9331 Interest paid Interest received 160} 144 1601 Nel cash fromllused inl operating activities 13,647 {21.9931 Net increaselldecrease) in cash and cash equivalents Cash and cash equivalents at beglnning ofyear Cash and cash equivalents at end of year 13,647 11,193 24,840 {21,9931 33,185 11,192 The noteB on pagés 10 to 16 form part of these financial statements.
Joy for Humanity Notes to the Financial Statements Year ended 31 December 2024 General Information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal offe is 72 Laurislon Road, London, E9 7HA. statement of complian¢e These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Atcounting pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in slerfing, which is the functional currency of the entity. Going concem There are no material uncerlainlies about the charity's ability to continue. Judgements and koy sources of estlmation un¢ertalnty The pparatiOn of the financial statements requires management to make iudgemenls. estimates and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experiencts* and other factors, including expectations of future events that are believed to be reasonable under the CiTcumstances. Fund accountlng Unrestricted funds are available for use al the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustee for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. 10-
Joy for Humanity Notas to the Financial Statements {contlnu811) Year ended 31 December 2024 Aecountlng policies (contlnued) Incomlng resources All incoming resources are included in the statement of financial activities when enlillement has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of enlillemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recogni5ed when receipt is probable and enlillemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured, No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the slalemenl of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitablp activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Flnancial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are ini11211y recognised al the amount receivabla or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 11
Joy for Humanity Notes to the Financial Ststements (¢ontlnu8dJ Year ended 31 December 2024 Accounting policies (t¢)ntlnu8d) Flnancial Instruments (¢ontlnued) Debt instruments are subsequently me88ured at amortised cost. here investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in Income and expenditure. All other such investments are subsequently measured al ost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rale of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured at lair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impaiTmenl, an impairment loss is recognised under the appropriate heading in the statement of financial actwilies in which the initial gain wa$ recognised. For all equity inslrumenl$ regardless of significance, and other finan¢i81 assets that are individually signilicanl, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteri51ics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestr¢cted Funds Restricted Total Fund$ Funds 2024 Donations Donations 18,379 71,149 89,528 Glfts Income tax recov8rable on gift aided $ubscTiplions 3.453 21,832 3,453 92,981 71.149 Unrestricted Funds Restricted Total Funds FLtnds 2023 Donations Donations 12,803 55.602 68,405 12-
Joy for Humanity Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Donations and legacios (contlnu8d) Unrestricted Funds Reslricled Total Funds Funds 2023 Gifts Income lax e0Verable on gift aided subscriptions 7,873 7,873 76,278 20,676 55.602 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest 144 144 Expendlture on charitable activities by fund type Unreslricled Funds Restricted Total Funds Funds 2024 Fundraising costs Support costs 6,660 10,545 17,205 6,660 72,817 62.272 62,272 79,477 Unrestricted Funds Reslricled Total Funds Funds 2023 Fundraising costs Support costs 17,405 17,405 74,020 74,020 91,425 91,425 Expendilure on charitable activities by activity typo Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Fundraising costs Governance Costs 6.660 6,660 72.817 79,477 72,817 72,817 91,425 91,425 6,660 -13-
Joy for Humanity Notes to the Financial Statements Ic¢)nllnuedJ Year ended 31 December 2024 othor expgndituro Unrestricted Funds Restricted Total Funds Funds 2024 IT Equipment for Health Centre Subscriptions Unreslricled Funds Restricted Total Funds Funds 2023 IT Equipment for Heatth Centre Subscriptions 5.500 5,500 1,347 6,847 1,347 1,347 5.500 Independont examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,058 1,290 10. Staff costs The average head count of employees during the year was Nil12023'. 11. No employee received employee benefits of more than £60,000 during the year {2023.' Nill. 11. Trusteo remuneration and expenses No remuneration was received by any trustee. 12. Debtors 2024 2023 Other debtors 1.313 13. Creditors: amounts falling due wlthln one year 2024 2023 Other creditors 1.314 14-
Joy for Humanity Notes to the Financial Statements (eontlnuedj Year ended 31 December 2024 14. Analysis of charitablo funds Unrestritted funds At 31 December 2024 Al 1 January 2024 Income Expenditure General funds 1.964 21.976 117,2051 117,2051 6,73S 6.735 1,964 21,976 Al 31 December 2023 Al 1 January 2023 Income Expenditure General funds 40 20,676 20.676 {18,7521 {18,7521 1,964 1,964 40 Restrleted funds At 31 Decgmbor 2024 At 1 January 2024 Income Expenditure Quality Education Economic Growth Health Centre Capital Health Centre Operational Vision Trips 1,820 118 6,184 1,OJ5 71 52,091 3,283 141,705} 12.5501 13,8501 (14,1671 12,206 851 2,334 2,643 71 15,775 9,228 71,149 {62,2721 18,105 At J1 December 2023 At 1 January 2023 Income Expenditure Quality Education Economic Growth Health Centre Capital Health Centre Operational Vision Trips 5,882 118 24,984 2,091 71 14,358 750 29,100 11,394 118,4201 17501 147,900} 112,4501 1,820 118 6.184 1.035 71 33,146 55.602 {79.5201 9,228
Joy for Humanity Notes to the Financial Statements (conllnu8d) Year ended 31 December 2024 15. Analysls of net ass¢t$ between funds Unreslricled Total Funds Funds 2024 Current assets Creditors less than 1 year Net a$$ets 24,840 24,840 24.840 24.840 Unrestricted Totsl Funds Funds 2023 Cufrent assets Creditors less than 1 year 11.192 11,3141 9.878 11,192 11,3141 9,878 Net assets 16. Analysls of changos In net debt At Al 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 11,193 13,647 24,840