rfjidzi Midzi Directors Report 2022
1.0 Introduction
Midzi is a registered charity operating in England, Wales, Malawi and Zimbabwe. During the period under review, the charity set out to achieve the following objects.
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1) To preserve and protect the good health and well-being of women and girls, particularly, but not exclusively, concerning all areas of female reproductive and sexual health including but not exclusively by:
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The provision of educational outreach programmes, materials and other forms of information; and
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Providing support to attend conferences, workshops and exchange programmes
2) To relieve the needs of women and girls, particularly, but not exclusively, those who have experienced, or are at risk of experiencing, sexual and gender-based violence by providing education and access to support structures to assist women and girls live dignified lives free from violence.
2.0 MIDZI’S STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes | Unrestricted Funds | Total Funds | |
|---|---|---|---|
| Incoming Resources |
£ | £ | |
| Incoming resources from charitable actvites |
2,000 | 2,000 | |
| Net Income from last year |
35 | 35 | |
| Total Incoming Resources |
2,035 | 2,035 | |
| RESOURCES EXPENDED |
| Charitable Expenses | 1 | 1,908 | 1,908 |
|---|---|---|---|
| Total Resources Expended |
1,908 | 1,908 | |
| Net Income/(Expenditure) |
127 | 127 |
Notes
1 ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention and in accordance with Midzi Finance Policy and Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK.
1.1 BASIS OF ACCOUNTING
Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity. All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
1.2 FUND ACCOUNTING
Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are those funds which are to be used in accordance with specific restrictions imposed by doners which have raised by the charity for the purposes. The cost of raising and administering such funds are charged against the specific fund.
1.3 EXPENDITURE
Expenditure has been recognised in the accounts on accrual basis including post balance date liabilities. All expenditure that includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates Charitable expenditure, comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2 CHARITABLE EXPENSES
2021
£ School uniform + school supplies (22£14) 306 School fees (22£302 terms) 1,320 Communication 40 Transport 242 Total Resources Expended 1,908*
Signed for by
Ms Beatrice Savadye
Founder and Trustee Date: 1/10/23