2024-12-31-accounts

Registered Charity Number 1184744

DZIDZO FOUNDATION

TRUSTEES REPORT AND ACCOUNTS

31 December 2024

DZIDZO FOUNDATION Financial statement Year ended 31 December 2024

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 2024

Registered charity name DZIDZO FOUNDATION Charity number 1184744 Registered office 50 Princes Street IPSWICH IP1 1RJ 11 foxglove Cresent Postal Adress Ipswich IP3 8RE Trustees Mary Kazangarare (Chair) Letitea Madende Manyara Walker Enala Maturure Chido Sharon Kashukoro Sharon Mangoma

Bankers

Barclays Bank Plc

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DZIDZO FOUNDATION Trustees’ Report Year ended 31 December 2024

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)

Letitea Madende Manyara Walker Enala Maturure Chido Sharon Kashukoro

Sharon Mangoma

Our Objects

The objects of the charity for the public benefit include.

1. To function as a resource for young people by providing advice and assistance and organizing 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. Wellbeing

4. c. Relieving Isolation

5. d. providing recreational and leisure time activity in the interests of social welfare for women, 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 people.

Mary Kazangarare Chair – Board of Trustees

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DZIDZO FOUNDATION Income Statement For the period ended 31 December 2024

Income: Income from charitable activities: Operation of the charity Income from other trading activities: Other charity activities Total income Expenditure: Expenditure on charitable activities: Operation of the charity Costs of raising funds: Other charitable activities 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 2024 555 198 753 £323.46 (0) £323.46 £429.54 £429.54

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

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DZIDZO FOUNDATION Statement of Financial Position As of 31 December 2024

Fixed assets Tangible assets Current assets Cash at bank and in hand Debtors Creditors: amounts falling due within one year 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	£429.54 £429.54	£429.54 £429.54	£429.54 £429.54	£429.54 £429.54	- 0 £429.54 429.54 (£0 £429.54

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 06/01/2025

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 2024

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 recognized 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 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.

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2024

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 Morning Coffees 5. Expenditure - Other charity activities Advert and promotion Other trading costs Staff expenses Governance Professional fees Bank charges		31 December 2024 £ £555 £555 31 December 2024 £ 198 0 198 31 December 2024 £ - 131.46 - - - - - 192 31 December 2024 £ - - - - - -

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2024

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DZIDZO FOUNDATION Notes to the Financial Statements For the period ended 31 December 2024

6.	Cash at bank and in hand	31 December	31 December
			2024
			£
	Bank	£429.54
	Cash
		£0
7.	Creditors- Amount falling due within one year	31 Dec	2024
	Trade creditors -

8. Total funds carried forward £429.54

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