KOTELO MBEKENI FOUNDATION Registered Charity Number: 1190857 REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" August 2024
KOTELO_MBEKENI FOUNDATION Re9thl Charty Nter. 119A57 tta.d Stat8)*rrt FarQaIAjwts5 Contents Page Legal and administrative infonnation Trustees, Report Independent Examiners, Report Statement of Financial Activities Balanc¢ Sheet Notes forniing part of the financial statements 9-10
KOTELO_MBEKENI FOUNDATION J Chaty 11857 Legal and Administrative Information CONSTITUTION The charity is ¢onstiluled under a Memorandum & Articles of Association with Charity Number 1190857. TRUSTEES The trustees who served during the year ended were as follows: Mxoli Brian Kotelo Omphilwe Dimpho Kotelo Patience Vain Tagwireyi Sisa Mbekeni ADDRESS 100 Chieftain Way Cambridge CB4 2EY BANKERS Metro Bank INDEPENDENT EXAMINER MNG CONSULTS (Accountants & Management Consultanls) 116 Frobisher Road Erith, London DA82PW Page I
KOTELO MBEKENI FOUNDATION ReJi*wlCharty m. 11¥th7 Trustees, Report For The Year Ended 31st August 2024 The Trustees present their r¢port together with the accounts for the year ended 31 st Aug7USI 2024. The Trustees have adopted (he provisions of the Statem¢ni of Recommended Praclice (SORP) 'Ac¢ounting 2005 and other applicable laws. Structure Governance and Mana ement Kotelo Mbekeni Foundation was registered as a Charilable Incorporat¢d Organisation on, 14th August 2020, with charity number 1190857. Method of appointment or el¢etion of Trustees Trusl¢es are elecled from the membership in accordance with the charity's constÉtution. b) Policies Yddopted for the induction and training of Trustees The induction process for any new'ly appointed member of the Trustees comprises of an initial meeting w'ith the chair and other Truslees, infom)ation booklets are made available and referral to Charity commission website is also encouraged. Organisational structure and deeision-making The Charity is organised 50 that the Trustees meet regularly to administer ils affairs. There is an administrator / account personnel that handles the daily affairs of the Charity. d) Risk management The Trustees have assess¢d the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity. and are satisfied that systems are in pla¢e to mitigate our exposure to the major risks. Page 2
KOTELO MBEKENI FOUNDATION Regte CWNLntsr. 11Th7 Ob ectives and Activities Policies and Obje¢tiv¢s The charity has three main obj¢cts'. To advance education for the public benefit by providing assistance to support schools in underprivileged areas of South Afri¢4 Eastern Cape with school uniforn]s. transportation to school, teaching materials and equipment for educalion and sports facilities:
to relieve financial hardship by providing assislance to ory)hanages in Gauteng province, Johannesburg and Pretoria in South Africa to provide facilities and support for education. and to promote social inclusion for the public benefit in the Cambridge area and London bv preventing people from becoming socially excluded, reli¢i'ing the needs of those people who are socially excluded and assisting them to integrate into society through the use of sport, in partlcular, but not limited to football. For the purpose of this clause 'socially excluded". means beingT excluded from society, or part5 of so¢iely. as a result of them being homeless or as a resuli of their ill health (mental or phvsical). b) Strategies for achieving objectives The Charity. IMS adopted the following strategies for achiei'ing the above charitable objects: Regularly holding meetings to eN'aluate ils objectives. seeking updates from the Support for Community & Voluntary Groups (CCVS); organising fundraising ei'ents to fulfil the objectives sel. and reaching oul lo more people through various events. A¢tivities for achieving objectives Organising sports events in Cambridge and London to promote social inclusion, Community outreach to schools in underprivileged areas of South Africa and Eastern Cape, Community outreach in orphanages tn South Africa, Organising regular Trustees meetings to ass¢ss the effectiveness of our actions. d) Grants-making polici¢s In line with the objects of the Charity, to advance education. relieve financial hardship and promote social inclusion, the Charity has a policy of supporting organisations promoling physical and mental wellbeing. Volunteers The charity is graieful for the good efforts of its volunteers who are involved in service provision. The Charil), has a volunteer coordinator to ensure thai best value is derived from the sterling efforts of our volunteers. Page 3
KOTELO_M8EKENI FOUNDATION RwJer¥tCharty Nun¥. 1197 Achievements and Performanee a) Review of Activities The Chariiy has successfully assisl¢d to the needs of various social gTOUPS. especially in the UK.. The charity supported organisations such as Reach Out Autism. This goes in line with our objective to relieve financial hardship and promote social inclusion. The charity also registered for the Annual Football Tournament within the Cambridge community. This is to engage and encourage mental health, to integrate with the communtty lo minimise or ellminate stigm4 promote health and fitness, and boost community spiril. Financlal Review a) Reserves Policy The Trustees have esthblished a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves,) held by the charity should be used according to th¢ objectives pre-detennined and the urgency of the situation. In doing so, the trustees feel that the funds will be objectively used. b) Principal Funding Funding was provtded matnly through donations from the charity members and from the general public. Plans for the Future The Charity aims to continue to provide aulisrn school in South Africa 'ith monthly meals as well as supplying food parcels to orphans. The charity also intends to keep working with organisations such as Reach Oui Autism as well as promoiing social incluslon, mental and phvsical health by organising sports events and Meetings. Lastly. the Charity is also looking to grow in membership and continue to develop its members to make a life-changing impact on society. P8g¢ 4
KOTELO MBEKENI fouNDATiON Cththty Numbep". Iiw857 Make judgrynents and estimatcs that are reasonable and prndenL State wheth¢r applicabl¢ accounting standards and stalemcnts of Teeommended practirc have been followel subject to any departUS discloscd and explained in the fala1 slatements. Pr¢parc th¢ financiAI statcments on a goin8 Concern basis unless it is )[opriatr to pff$ume that the Charity w1 continue in operations The Trusteu are r¢swnsilyle for keeping proper a¢countin8 records, which dis¢105e with reasonable ac£ura¢y at any time, thc financiaE p)$iti'on of tbe Charily And enable th¢m to enswe that th¢ financial ststemcnts comply with the General Directio given by th¢ Charity Commission. They arc a150 responsible foT safeguarding the &s6ets of the CIwEty and hence for tsking any reawnable steps Io PTevent ond detect fraud and other itregularities. Approval This report was approv by the Board of Tnjstccs and sigtted on: . end Signal on its behalf by: Name.. MYOLI Illi4 Date.. Page 5 Accountants I Independ¢nt Examinerfs Report For The Year Ended 31si August 2024 We bave examined the financial $laiem¢nts (Trn pages 2 to 10 which have been pwared ID acc4)rdance with the aOUnting )lICIt8 set out on page 5. Rt¥PWtive re8p)osibililies of the truste# and iDdwd¢ni examiTIEr
KOTELO MBEKENI FOUNDATION Re9B[ ChartyNuntsr.' 11Th7 Accountants I Independent Examiner's Report For The Year Ended 31st August 2024 We have examined the financial statements on pages 2 to l O which have been pr¢pared in accordance with ihe accounting policies set out on page 5. Respective responsibilities of the trystees and independent examiDer The charity trustees are responsible for ihe preparaiion of the financial stalements. The Irustees consider thal an audit is not required for this year (under section 144 (2) of the charities (Act 2011) {the 2011 act). It is our responsibility to: examin¢ the accounts (under section 145 of the 201 l Act; rollow the procedur¢s laid down in the General Directions given by the Charity Commission (under section 145(5Xb) of the 2011 Act: and to state whether particular matters have Come lo our attention. Basis of iDdepeDdellt examiner's report Our examination was carried out in accordance wilh th¢ General Directions given by the Charity Cotnmission. An exatnination includes a review of the accounting records kept bsll the organisation and a comparison of the accounts presented with those rL'cords. It also includes ¢onsideration of unusual items or disclosures in ihe accounts and, seeking explanation from you as trustees con¢¢rning any such matters. The pn)cedures undertaken do not provide all the eviden¢¢ ihat would be required in an audit and consequently, We do tlot express an audit opinion on the view given by the accounts. li is our responsibility lo forn) an independ¢nl opinion, based on our examination, on those financial statements and to report on our opinion. Independent Examiner's Statement In conneciion with our examination, no matter has come to our attention.. l ) which gives us reasonable cause to believe that in any material r¢spect the requirements to keep accounting records in accordance with section 130 of the 201 l Act; and to prepare accounts which a¢¢ord with the accounting records and to comply with the a¢counting requirement of the 2011 Aci have not been met. 2} to which, in our opinion, attention should be drawn in order lo enable a prop¢r understanding of the accounts to be reached. Mr Martien Miaffo- ACCA member For and on behalf of MNG CONSULTS ... Date.. 1911112024... Page 6
KOTELO M8EKENI FOUNDATION WIt¢(bri Nvrnbtr. 1190857 UnrtstriGd Rt4tri(thl FuDd Fund TDtsI In¢%In4 ¢¢0 lunt4ry Sourcu . crnD fwthli Taisin8. 1214 GiftALd Rttlam 0thtr1nme in¥11 iftwme 658 6S8 Ch&ritsbk xtiwti 22(M) 518 518 549 & AdmiLi&ttion Totsl resouTI£S 38 inwmittg rE*y)urteB Iloiit8oingl T¢WUrtes 38 (247) OthcrT&Y)gniwlgain$4nd105X GMTTanyfer hrtween funds movehuettt In forthe yAT- Net inwmel{waklitwel for th¢ yfaT 38 38 1247) I10bloUght forwrtTd11912023 11681 Tots] Carrid FcKwATdAI 31siAw 2024 N8nJ¢'. SFBn'. Page 7
KOTELO MBEKENI FOUNDATION IW•iW SWl•pthl offirAniiil*tivii Balan¢¢ Sh¢¢t As At 31 st August 2024 Fixed aw•ts 023 Trnwble ossas C1¢¢ assets Debtixs C45h il bAnk And in ha1 20 32 20 32 Crediton .' Amount falling due %thIn one y¢4r Nel ¢utYent 1150) 1200F (1301 {1081 Crrylitors .' Amouttt fHllin8 due ¢Jneytsr Total Assrtg Lus Total Li4biliti¢¥ UNRESThCTED FUI4DS Fupds Rt8tri¢ied funds UnTUtiiettsl fvnds 1301 11681 Fund Wanc BowdofTrustees."Name.. Li grti l<sf<L a SignaftLre.' te.. 19 li Page 8
KOTELO M8EKENI FOUNDATION Rrythed Ch•fy NLrt¥ 11Th7 iyotes To The Flngnci81 Statements ForThe Year Ended 31st AuSt 2024 Aeeounting Polici¢$ l.l) Ac¢ountiNg Conventlon The FIrla] Statements has been prepared urmler the historical Cost ¢OnVentio in accordonce with applicable UK Accountin¥ Standards aNI also with tl reconNwtKlatiOns in the StatenN of Re¢omTrrrhAed Accouffling Practi¢¢ ISORP) A¢coLmting and Reporting by Chlties- issued in ocber 2000. The Charity has tsken advantage of the exemption of Financial ReportiT¥ Standard No. l frorm the requireTrerts to Produce a Cash Flow sta1 on the thai it qualifies as È snkll charity applicable acounring stsNlards ar the charities SORP ISTatement of ReCoTM[Yjtd Practice). 1.2) Fund Accounting Ger¢Tal futKis are unrestrickd fiuxls, which are available for use ai the discretion of the trLLStees in furtheratte of rk gereral objective5 of cotry)anJ aThJ which ]wve rk)t been deSiated for other purposes. Designated fijnds comprise reStrIcd fvtKls that have been set aside by the trLLStees for particular purposes. T aim aNi of each designatrd fillyj will b¢ set out. 1.3) Incoming Resources IncotY is mainly from Yo1{ary contriblOn5 from both n1)er of the public a1 charity nrnbers received which are incIjed in firla1 Strtents. 1.4) Resource5 eX(d All expenditUTe is accowt¢d for on an accrual basis a1 are clossified Ler kadings that awegate all costs related io category on a corLSiStent basis yeaT to year. manag¢Ent and adTnini5tration cosrs are tknse irred in connection with administration of tk organisaiion a{ coryliarKe with co]Lgt1ilofk1I and Statutory requiren*nts. Page 9
KOTELO MBEKENI FOUNDATION Rer&yChanty 11Th7 Notes continued.......... 2. Credato 2024 2023 Ottr creditor5 A¢crlS 150 200 150 2011 3. Incorni 90ree$ Unrestricted Restricted fimds Total 2024 2023 Furyls raisi & DorMtion5 Gronrs Gift Aid Reclaim InvestnKnt Iome 1,214 ,214 2,502 1,214 2.502 4. CharitalAe 8Ctivitks 2024 2023 Sw)rt events aThJ kits for nrrnal health & Stla1 iTlsiOn Scknol nEals and honEless & orphans dorMtiotL t)onation to Reach Out Al$M 175 2,025 658 658 5. Gen¢rating funds & Administrntion 2024 2023 Advertising& Outreach Telepho. Inrnet & Website Iura[e Travelling Expenses Voluneis welfare Accountanc}' fees SutKlry Expen%es 207 208 40 200 40 150 518 549 Nam¢'. Sign:.............................. Date.. Page 10