2020-12-31-accounts

Registered Charity Number 1184744

DZIDZO FOUNDATION

TRUSTEES REPORT AND ACCOUNTS

31 December 2020

DZIDZO FOUNDATION Financial statement Year ended 31 December 2020

Contents	Page
Charity information and professional advisers	3
Trustees’ report	4
Accountants’ report	5
Income statement	6
Statement of financial position	7
Notes to the financial statements	8

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DZIDZO FOUNDATION Charity Information Year ended 31 December 2020

Registered charity name	DZIDZO FOUNDATION
Charity number	1184744
Registered office	50 Princes Street
	IPSWICH
	IP1 1RJ
Trustees	Mary Kazangarare_(Chair)_
	Leah Sempaya
	Francis Nhamo
	Esnath Frawley
	Letitea Madende
	Manyara Walker
	Tatenda Mhembere
	Enala Maturure
	Chido Sharon Kashukoro
	Sharon Mangoma
Accountants	BC NWAIWU & CO LTD
	Building 1 Suit 4A Office 6
	Wilsons Park Business Centre
	Manchester
	M40 8WN
Bankers	Barclays Bank Plc

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DZIDZO FOUNDATION Trustees’ Report Year ended 31 December 2020

About Us

Dzidzo Foundation is a charity that is committed to enriching the lives of young people and communities through education and empowerment by increasing social mobility and building self-confidence to improve the lives of young people at the margins of society.

Trustees

The following person served as trustees during the period:

Mary Kazangarare (Chair) Leah Sempaya Francis Nhamo Esnath Frawley Letitea Madende Manyara Walker Tatenda Mhembere Enala Maturure Chido Sharon Kashukoro Sharon Mangoma

Our Objects

The objects of the charity for the public benefit include;

1. to act as a resource for young people by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:

2. a. advancing in life and helping young people, by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.

3. b. advancing education.

4. c. relieving unemployment.

5. d. providing recreational and leisure time activity in the interests of social welfare for young people, who have need by reason of their youth, age, vulnerability, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

Mary Kazangarare Chair – Board of Trustees

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DZIDZO FOUNDATION

Accountant’s report For the period ended 31 December 2020

Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Dzidzo Foundation for the period ended 31 December 2020.

In order to assist you to fulfil your duties under the Charity Act 2011, we have prepared for your approval the accounts of Dzidzo Foundation for the period ended 31 December 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 Dzidzo Foundation, as a body, in accordance with the terms of our engagement letter dated 14[th] April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Dzidzo Foundation and state those matters that we have agreed to state to the Trustees of Dzidzo Foundation, as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dzidzo Foundation and its Trustees as a body for our work or for this report.

It is your duty to ensure that Dzidzo Foundation has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Dzidzo Foundation. You consider that Dzidzo Foundation 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 Dzidzo Foundation. 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: 16 April 2021

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DZIDZO FOUNDATION Income Statement For the period ended 31 December 2020

Income: Note Income from charitable activities: Operation of the charity 2 Income from other trading activities: Other charity activities 3 Total income Expenditure: Expenditure on charitable activities: Operation of the charity 4 Costs of raising funds: Other charitable activities 5 Total expenditure Net income/(expenditure) and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward	31st December 2020 2,613 600
	3,213
	(2,511) (650)
	(3,161)
	52 -
	52

The notes on pages 8 to 10 form part of these financial statements

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DZIDZO FOUNDATION Statement of Financial Position As at 31 March 2020

Note Fixed assets Tangible assets Current assets Cash at bank and in hand 6 Debtors Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Total assets Funds Net income/(expenditure) Total funds brought forward Total funds carried forward	1,462 -	31st December 2020 - 52
	1,462 (1,410)
		52 -
		52
		52 -
		52

The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit/independent examination under section 144(2) of the Charities Act 2011 (the 2011 Act).

The trustees of the charity have not required the charity to obtain an independent examination in accordance with section 144(2) of the Act.

The trustees acknowledge their responsibilities for complying with the requirements of the Charity Act 2011 with respect to accounting records and the preparation of accounts.

Mary Kazangarare Chair of Trustees

Approved by the board on 16 April 2021

The notes on pages 8 to 10 form part of these financial statements

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2020

1. Accounting Policies

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 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Dzidzo Foundation 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.

Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

Fund accounting

General reserves are unrestricted funds that are available for use at the Trustees’ discretion in furtherance of the objects of the charity.

Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income, is reasonably certain of receipt and the amount can be measured with sufficient reliability. In accordance with the SORP, no value has been attributed to the work performed by volunteers, although their work is considered vital to the activities of the charity.

Donations and gifts

Donations and gifts consist of the total donations from individuals, trusts and corporates, along with income from fundraising events.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are those incurred in seeking voluntary income and do not include the costs of disseminating information in support of the charitable activities.

Charitable expenditure includes costs incurred directly by Dzidzo Foundation in the furtherance of its charitable objectives, along with associated support costs.

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2020

Governance costs relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Included within this category are costs associated with internal audit and risk, as well as external audit costs, as opposed to day-to-day management of the charity’s activities.

2. Income – Operation of the charity Donations receivable Grants receivable 3. Income - Other charity activities Charity sales Other income 4. Expenditure - Operation of the charity Rent and accommodation Project expenses Training and development General expenses Printing and stationery Telephone and broadband Computer and internet Local travel	31 December 2020 £ 2,613 -
	2,613
	31 December 2020 £ 600 -
	600
	31 December 2020 £ - 1,810 - 1 - - - 700
	2,511

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2020 5. Expenditure - Other charity activities Advert and promotion Other trading costs Staff expenses Governance Professional fees Bank charges 6. Cash at bank and in hand Bank Cash 7. Creditors - Amount falling due within one year Trade creditors Other creditors 8. Total funds carried forward Incoming resources Outgoing resources Restricted 1,928 1,897 Unrestricted 1,285 1,264 Total funds 3,213 3,161		31 December 2020 £ - - - 450 200 -
		650
		31 December 2020 £ 1,462
		1,462
		31 December 2020 £ 1,410 -
		1,410
		31 December 2020 31 21
		52

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