**2021 UK annual Report and Accounts** A Year of Firsts, Learning & Iteration E m p o w e r i n g F e m a l e E n t r e p r e n e u r s thezenalaunchpad.com 2021 ## ANNUAL REPORT ## MESSAGE FROM ## THE FOUNDERS In 2021 our thankfulness, confidence, and pride in our team has exponentially grown as, in the face of significant covid lockdowns and political unrest in Uganda, they pushed on with determination in the vision of seeing female entrepreneurs empowered to transform their communities. This year we have seen nine women launch new businesses, developed two comprehensive curriculums, and implemented a new practical training module. We continue to be inspired and encouraged by the women of Zena, pressing on towards their goals of launching their businesses. The longer we have had the privilege of working in this vision, the more we believe these businesses have the power to change the story of extreme poverty not only for the entrepreneurs, but for so many around her. We extend our deepest gratitude to the donors who believe in the vision of The Zena Launchpad and make all of this work possible. We look forward to having you join us as we continue to grow. # Accounts for the Zena Launchpad for the period from 1 January 2021 to 31 December 2021 Registered charity number: 1185868 CIO: CE019231 ## Report of the trustees for the period from 1 January 2021 to 31st December 2021 The Trustees present their report together with the financial statements of the charity for the period from 1 January 2021 to 31st December 2021. These financial statements comply with the Charities Act 2011, the Articles of Association, and Accounting and Reporting by Charities Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (Charities SDRP (FRS102) and the Charities Act 2011). ## Reference and Administrative Information ## Officers for the period: Jane Pleace Peter Tibigambwa Sarah Gough (Chair) Sebastian Mitchell ## Registered office: 3 Avenue Gardens, Teddington, TW11 0BH Bank: CAF Bank, 25 Kings Hill Avenue West Malling Kent ME19 4JQ ## Independent examiner: Andrew Gardner 7 The Fairway Lake Isle of Wight PO36 9EE | Annual Report 2021 ## Structure, Governance and Management The Zena Launchpad is a Charitable Incorporated Organisation governed by its Foundation document dated 6th November 2020. The Zena Launchpad was originally registered with the Charity Commission as a CIO on 18th October 2019 as Tribe + Glory Training under a governing document dated 15th October 2019. Its name was changed to The Zena Launchpad on 6th November 2020. New Trustees are appointed by the existing Board of Trustees on the basis of their expertise and involvement in furthering the mission and vision of the charity. The Board of Trustees meets quarterly to oversee the vision and strategies of the charity. There are no salaried members of staff. ## Public Benefit The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by the Charity in the period. The Trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements. | Annual Report 2021 ## OBJECTIVES AND ACTIVITES ## OUR VISION The Zena Launchpad equips female entrepreneurs to rewrite the stories of extreme poverty and gender inequality. Our training based approach facilitates space for women below the poverty line to save debt free capital, access holistic business education and launch scalable and sustainable businesses. ## OUR MODEL We provide debt free access to capital & training to previously underserved women to empower them to start their own businesses so that they can confidently and independently contribute to the development of their community and financially to their households. Through short term employment, Zena program members are given an opportunity to earn a living wage and put aside monthly savings towards the start-up capital they need to start their businesses. Therefore starting debt free, hand-out free ventures to pull them and their families out of poverty. ## 2021 STRATEGIC INITIATIVES 1. Construction at the HQ: we were able to purchase 3 acres of land as a first step to improving our facilities. 2. Kamuli impact output: we have formalised a 4 phase training format with relevant curriculum books. 3. Zena Launchpad Leadership conference: this initiative was changed. We instead have focused on developing community based partner relations for phase 2 of our programming. | Annual Report 2021 Our family is growing! We brought on board a fourth cohort of refreshingly vibrant women who are eager to learn, grow and build. We restructured our Training Programme to address its gaps and better support our program members by redesigning the program structure to allow for a more comprehensive training approach. This year, the Entrepreneurship Department rolled out phase II, III and IV of our new multi-phased training program. **----- Start of picture text -----**
theoretical
business tools
PHASE I
**----- End of picture text -----**
**----- Start of picture text -----**
Plug in to the Practical one on one
eco-system training Projects mentorship sessions
PHASE II PHASE III PHASE IV
**----- End of picture text -----**
We designed, created and launched the first versions of our new training resources; The Leadership Training Curriculum The Entrepreneurship Training Curriculum | Annual Report 2021 ## THE NUMBERS... **----- Start of picture text -----**
52
**----- End of picture text -----**
staff and programme members supported with stipend and savings despite the lockdowns. **----- Start of picture text -----**
10
**----- End of picture text -----**
new programme members brought on board for entrepreneurship training. **----- Start of picture text -----**
9
**----- End of picture text -----**
new women graduated into their dream businesses this year! **----- Start of picture text -----**
41
**----- End of picture text -----**
past and present programme members **----- Start of picture text -----**
20
**----- End of picture text -----**
businesses Launched in Kamuli with Zena Launchpad savings. **----- Start of picture text -----**
86%
**----- End of picture text -----**
of the businesses launched in the last year made it past their 1st birthday. | Annual Report 2021 ## 2021 GRADUATES **betty** Retail Shop 15th February **Mariam** Poultry Farm 1st April **olivia** Poultry Farm 14th October **florence** Used-Clothes Boutique 1st March **faridah** Food produce shop 1st July **Lydia** Cattle Farm 1st December **----- Start of picture text -----**
sharon
**----- End of picture text -----**
Craft shoes & accessories Shop 15th March **ziadah** Money Transfer Service, Phone & Extras Shop 1st August **racheal** Tailoring WorkShop 1 January | Annual Report 2021 ## FINANCIAL REVIEW The Trustees have prepared accounts for The Zena Launchpad in accordance with the requirements of the SORP of best accounting practice. ## Review of the year The Zena Launchpad raised income of £165,740 from donations during 2021 – of which £35,398 was restricted fund income. Our expenditure was £116,165 leaving a net surplus of £49,575. ## Income and Expenditure The Zena Launchpad relies on donations for its source of funding. Most of the donations came from individuals and we are grateful to the broadening group of churches, trusts and businesses joining in to support our innovative approach. Most fundraising was undertaken by the trustees with some support of professional grant proposal writers. The costs of raising funds amounted to £1,200. All the grants made by The Zena Launch Pad were to Tribe + Glory Uganda (an International NGO) to support their delivery of the programmatic work of training women as entrepreneurs. ## Reserves policy and balance sheet The Zena Launchpad is the primary funder of the entrepreneurial training scheme at Tribe and Glory Uganda. The women commit to the programme of 12 months. As our income is mostly from lump sums rather than regular giving, we aim to keep over 6 running costs of that programme in reserve to ensure all the women who join can finish the programme. Due to the generous support of donors in December 2021 we are holding over 12 months cash in the unrestricted funds at the end of the year. Independent examlnerfs feport to the trustees of The Zena Launthyd I report to the trustees on my examination of the accounts of The Zena Launchpad {'the Trust'l for the year ended 31" December 2021. Responslbilttles and basls ol report As the charity trustees of the Trust. you are responsible for the preparation of the accounts in accordance with the requlrements of the Charities Act 20111'the Att'l. l ￿pOrt in respect of my examination of the Trust'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions wven by the Charity Commission under settion 145{5){b) of the Act. Independent examlnerfs statement I have completed my examination. I confirni that no material matters habe come to my attention In connectlon with the examinatlon 8ivin8 me cause to believe that in ary material respect: l. accountlng records were not kept by the Trust in accordance wth section 130 of the Act: or 2. the account5 did not accord with those records; or 3. the account5 did not comply with the applicable requirement5 concerning the fonn and content of accounts set out in the Charities (Accounts and Rewtsl Re8ulations 2(K18 other than any requirement that the accounts give a 'tTue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connettion with the examination to which attention should be drnwn in this rewt in order to enable a proper understandin8 of the accounts to be reached. Andrew Gard￿r 7 The Fairway Sandown Isle of Wight P036 9EE 17th October 2022 ## Statement of Financial Activities for the period from 1 January 2021 to 31st December 2021 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. ## Balance Sheet as at 31st December 2021 The accounts have been prepared in accordance with the Financial Reporting Standard 102. These accounts were approved by the trustees on 17th October 2022 and were signed on its behalf by: Sarah Gough (Chair) ## Notes to the accounts of the Zena Launchpad for the period 1 January 2021 to 31st December 2021 ## 1. Accounting Policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s accounts ## Basis of preparation The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The accounts have been prepared in accordance with the Statement of Recommended Accounting Practice FRS 102 and with the Charities Act 2011. ## Incoming resources The accounts are prepared on the accruals basis of accounting: income is recognised when receivable, except for donations of all kinds that are recognised when received; income tax recoverable is recognised at the same time as the donation. Funds generated through sales of merchandise are accounted for gross. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the charity. Legacies are only recognised when received. ## Resources expended ‘Resources expended’ has a wider meaning than ‘expenditure’: it excludes the costs of fixed assets that are capitalised but includes their subsequent depreciation on the basis set out below. The categories as defined by the SORP 2006 are: Costs of generating funds are those costs incurred in fundraising. - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes all costs that can be allocated directly to such charitable activities. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees. ## Funds Unrestricted funds represent funds that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Restricted funds are funds donated with restrictions as to their use. ## Fixed assets and depreciation Items of plant and equipment are capitalised where the acquisition value exceeds £1,000. 2 In¢om• 2020 Lk)nètlons fn)m Indi¥iduals- not glft aid•ble L))nèilcfis Irom Indmduals. 81ft ald re(£**fèb* Incorne tax recovered via 8¢ft aKI tksnotlcms from churches. schcds and I￿￿￿¢$S¢S tknnts from8rnnt makn'ng ta￿$ 26,800 57,715 14,379 24,SC 6.637 130.031 4L250 iO.Z51 21.398 165.7410 3 Detstws 2020 InroTh* tax recoNYable PTepayment5 and accrued Ir*ornt 10.250 2,750 10,250 2,750 4 Credltors t*lthSn we y4•r 2020 tounts paya1￿* r￿15 150 150 1*rtvj￿1M ol IndepeNlent eX•mIner4m￿ffl5 to £lSO sull fiumb•rs •fid ¢osts There were no em￿0ve0 ty Tht Zen• L•unctrwd No irustees have been Pa￿ ary reThinlTrth￿ or recth*d •rry benehts frryn ￿0(￿tIOn t*rth chirlty. 7 CoMrnltmentS There a￿ no rapltsl commlttemenls Is at 31 Deceth 20211202tr. NM) 8•lIn￿ urrl•d forward at 31 December 2021 knvard * i January 2021 Y•wto Oe(•mb•r 2021 EX￿￿¢t￿re Ufirestricted lund5 Restricted funds lor - Impr¢wementS lo buildiw aThJ land . efttrtPfen•Jrshlp dlrector s¥ary tAinin8 of junioi staff 40.312 130.343 179,7531 90.902 lox 3.033 122.4501 113.3881 574 1116,1651 7.5SO 4.043 416 IOL920 14.398 53,345 165.740 Balance carried forward at 31 Decernber 2020 Perlod to Do(embor 2020 Unrestrtcted Restficied fund for bulldln8 Sryovement Re#rIC￿ fund for entreprwewship dwector 113393 lo.co) 6.638 130.031 173X*II 40.312 10.0 3.033 53.345 13,6041 176,6861 ## LOOKING FORWARD As we enter a new year together, we anticipate it with new hopes. With a view to increase capacity, this year we are hoping to both widen and deepen our impact as an organisation. ## Having a total of over 40 women graduated into their businesses by the end of 2022. Growing our Alumni support programme for Zena Launch Pad graduates in the community. Further developing our training programme and training resources to be best in class for entrepreneurial training in rural settings. Including integrating a personal initiative training approach and incorporate training in tech. In December 2020 we opened interviews for 10 spaces at our HQ. We had over 200 applicants. There is HUGE demand for our model in Kamuli. We are thrilled to have been able to purchase a plot of 3 acres of land on which we are looking to build an improved set of facilities allowing us to safely increase our capacity, open the door to more female entrepreneurs and scale our impact. Our new plot of land in Kamuli