Registered Charity Number 1184744
## **DZIDZO FOUNDATION**
## **TRUSTEES REPORT AND ACCOUNTS**
31 December 2022
## **DZIDZO FOUNDATION Financial statement Year ended 31 December 2022**
|**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|
2
## **DZIDZO FOUNDATION Charity Information Year ended 31 December 2022**
|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|
3
**DZIDZO FOUNDATION Trustees’ Report Year ended 31 December 2022**
## **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:
- 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.
- b. advancing education.
- c. relieving unemployment.
- 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
4
## **DZIDZO FOUNDATION Accountant’s report For the period ended 31 December 2022**
## **Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Dzidzo Foundation for the period ended 31 December 2022.**
In order to assist you to fulfil your duties under the Charity Act 2022, we have prepared for your approval the accounts of Dzidzo Foundation for the period ended 31 December 2022 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 dated 15[th] October 2023. 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: 23 October 2023
5
## **DZIDZO FOUNDATION Income Statement For the period ended 31 December 2022**
|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
2022
527
401
927
(422)
(200)
(622)
305
-
305|31st December
2021
200
1,367|
|---|---|---|
|||1,567|
|||(1,578)
(200)|
|||(1,778)|
|||(212)
-|
|||(212)|
The notes on pages 8 to 10 form part of these financial statements
6
## **DZIDZO FOUNDATION Statement of Financial Position As at 31 December 2022**
|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|346
-|31st
December
2022
-
146
146
-
146
305
(160)
146|40
-|31st
December
2021
-
(160)|
|---|---|---|---|---|
||346
(200)||40
(200)||
||||||
|||||(160)
-|
|||||(160)|
|||||(212)
52|
|||||(160)|
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 23 October 2023
The notes on pages 8 to 10 form part of these financial statements
7
**DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2022**
## 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 2019) - (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**
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.
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.
8
## **DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2022**
|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
5.
**Expenditure - Other charity activities**
Advert and promotion
Other trading costs
Staff expenses
Governance
Professional fees
Bank charges|31 December
2022
£
527
-
527
31 December
2022
£
401
-
401
31 December
2022
£
-
-
-
245
-
-
177
-
422
31 December
2022
£
-
-
-
-
200
-
200|31 December
2021
£
200
-|
|---|---|---|
|||200|
|||31 December
2021
£
1,367
-|
|||1,367|
|||31 December
2021
£
-
1,272
-
36
-
-
270
-|
|||1,578|
|||31 December
2021
£
-
-
-
-
200
-|
|||200|
9
## **DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2022**
|6.
**Cash at bank and in hand**
31 December
2022
31
£
Bank
346
Cash
-
346
7.
**Creditors**_- Amount falling due within one year_
31 December
2022
31
£
Trade creditors
200
Other creditors
-
200
8.
**Total funds carried forward**
01
January
2022
Incoming
resources
Outgoing
resources
Restricted
(96)
556
373
Unrestricted
(64)
371
249
Total funds
(160)
927
622|31|December
2021
£
40
-
40
December
2021
£
200
-
200
31
December
2022
88
58|
|---|---|---|
||||
||31||
||||
|||146|
10