Trustees’ Annual Report for the period
From 1[st] January 2023 To 31[st] December 2023 Charity name: Workneh Dechasa Education Foundation (WDEF)
Charity registration number: 1192747
Objectives and Activities
| SORP ref |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 |
To advance education for the public benefit in Malkaa Dhagaa-Gudar (Guder), Oromia, Ethiopia by: a) providing and assisting in the provision of an Elementary School (the school) in cooperation with local NGO’s and the educational authorities in Oromia b) the provision of educational equipment at the school. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity runs fundraising activities so that funds are available to carry out the school build in Oromia. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
The Trustees have used the guidance set out in the Statement of Recommended Practice (SORP) to help compile this report. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP ref | ||
|---|---|---|
| Policy on grant making | Para 1.38 | WDEF does not make/give grants. |
| Policy on social investment including program related investment |
Para 1.38 | Social investment is not suitable for our charity. |
| Contribution made by volunteers |
Para 1.38 | The organisation does not employ staff; all the work of the organisation is undertaken by a core-group of 11 members with another 50 supporters attending events we organise. One volunteer has been a significant fundraiser over the past year raising over £10,000 for WDEF by running fitness classes, social events and physical challenges. Other volunteers have organised memorial events and celebratory meals topromote the organisation and encourage |
donations. (listed on our website https://workneh.org.uk) The Trustees and Core Group members give their time and commitment to the charity. They greatly Other assist with communications with the Local Authority and NGOs in Ethiopia.
Achievements and Performance
| SORP ref | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity is working with the local community in Oromia to organise the school build. The Local Authority in Oromia has shared required school design plans. These are part of the initial phase of the project delivery in Oromia. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | At the beginning of the project, we aimed to raise £100K to realise the project aims. Along with fundraising activities there are two are on-line platforms that facilitate one-off and regular donations. We have successfully applied for Gift Aid registration with HMRC. |
| Performance of fundraising activities against objectives set |
Para 1.41 | 2023 saw more activities taking place, greatly helping in meeting our fundraising target. Gift Aid has also helped to increase the charity’s income. |
| Investment performance against objectives |
Para 1.41 | There are no investments made with any of the funds raised to date |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Key points to note for the year. We began the year with £5,801.41 in our CAF Bank current account. Annual Income: The Foundation received an income of £18,501.66 from contributions, donations and other funding-raising activities. Expenditure: Much of the work of the foundation relies on volunteers who donate their services free of charge. However, we incurred bank charges of £66.12, and returned a cheque for £290.00. The current account balance carried forward at year end was £ £23,946.95. |
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | There is no policy for holding reserves. |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | There is no need at present to hold reserves |
| Details of fund materially in deficit |
Para 1.24 | The funds are in credit |
| Explanation of any uncertainties about the charity continuingas agoingconcern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Fundraising Activities are the main source of income. There are regular donors who contribute monthly. |
| Investment policy and objectives including any social investmentpolicyadopted |
Para 1.46 | At present the are no plans to adopt social investments. |
| A description of the principal risks facing the charity |
Para 1.46 | Economic and political challenges in both UK and Oromia provides risks in terms of economics (interest rates/rising costs etc). Risks that impact socially, e.g. pandemics, climate change have reduced recently but are still factored into the charity’s risk assessments. Technological aspects can affect communications with Oromia and this has been planned for in the risk assessment. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: | WDEF is a registered CIO with the Charity Commission |
|
|---|---|---|
| Type of governing document | Para 1.25 | Charitable Incorporated Organisation with an Association Constitution. |
| How is the charity constituted? | Para 1.25 | CIO: Members elect a board of trustees who have the responsibility of managing the activities of the charity in accordance with its governing document. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are elected by the membership They serve a three-year term. One-third of Trustees resign according to their length of service. Members select or reselect Trustees at Annual General Meetings. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Trustees attend training to ensure they are well supported in their roles. Three Trustees participated in training organised by the Charity Commission (18/7/23) covering International Working Overseas. Trustees also access on-line training, which is shared with other Trustees. (See website for examples) |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | There are 5 Trustees. Positions are for Chair, Vice- Chair, Secretary, Treasurer and Vice-Treasurer. |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charityname | Workneh Dechasa Education Foundation |
|---|---|
| Other name the charityuses | WDEF |
| Registered charitynumber | 1192747 |
| Charity’s principal address | 35, St. Peter’s Road, London N9 8JJ |
Names of the charity trustees who manage the charity
| Names of the charity trustees who manage the charity | Names of the charity trustees who manage the charity | Names of the charity trustees who manage the charity | Names of the charity trustees who manage the charity | |
|---|---|---|---|---|
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|
| 1 | Aster Belay | Chair | WDEF Membership | |
| 2 | Siobhan Crawley | Vice-Chair | Re-elected 25/11/2023 |
WDEF Membership |
| 3 | Brian Foster | Secretary | WDEF Membership | |
| 4 | Feyisa Demie | Treasurer | Re-elected 25/11/2023 |
WDEF Membership |
| 5 | Teferi Degeneh | Vice-Treasurer | WDEF Membership |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Brian Foster | Feyisa Demie | |
Secretary |
Treasurer | |
| 2ndApril 2024 | ||
| 2ndApril 2024 |
WORKNEH DECHASA EDUCATION FOUNDATION
INCOME AND EXPENDITURE REPORT FINANCIAL YEAR 1st January 2023 TO 31st December 2023
| Income | Expenditure | ||
|---|---|---|---|
| Balance 1st January 2023 | £5,801.41 | ||
| 1. Regular Donations | £900.00 | ||
| 2. JustGiving | £13,841.28 | ||
| 3. CAF donations | £239.48 | ||
| 4. Other Donations | £3,361.83 | ||
| 5. Cash Donations | £140.00 | ||
| 6. Interest | £19.07 | £18,501.66 | |
| 7. Charges | -£66.12 | ||
| 8. Returned payment | -£290.00 | -£356.12 | |
| Totals | £18,501.66 | -£356.12 | £18,145.54 |
| Balance 31st December 2023 | £23,946.95 |