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Charity Registration
1195294
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Makaado Charity Organisation
TRUSTEE REPORT FOR THE PERIOD
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FROM 26/07/2021 TO 31/03/2022
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Introduction
The charity was incorporated as CIO on 26th July 2021, with the intention to feed the hungry and help the poor both at home and in the region of East Africa; and to teach them techniques and equip them to generate a sustainable income to become selfsufficient as our objective’s states. However, Due to delays in establishing bank account, there has been no financial or other operational activity undertaken by the CIO in this period.
Objects of the Charity:
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a The prevention or relief of poverty or financial hardships specifically but not limited to the neighbouring countries of Eritrea and throughout England and Wales by providing grants, items and services to individuals in need and /or other charities and organisations, sponsoring of orphans and assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable the poor, needy and refugee communities and individuals to subsist and generate a sustainable income to become self-sufficient.
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b The provision of facilities for recreation or other leisure time occupation with the object of improving the conditions of life of those persons who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship, or social and economic circumstances.
Statement of Trustees Responsibilities
The governing document requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the financial trends of the charity for that period. In preparing the financial
statements, the Trustees are required to:
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1 Select suitable accounting policies and then apply them consistently.
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2 Make judgements and estimates that are reasonable and prudent.
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3 State whether the policies adopted are in accordance with the Charity commission Act 1985 moreover, with applicable accounting standards, subject to any material departures and explained in the financial statements.
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4 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time of the financial position of the charity. Also, to enable them to ensure, that the financial statements comply with the “Statement of Recommended Practice (SORP)”. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Management
The Trustees have looked at the major risks to which the charity may be exposed, and the action required to mitigate those risks. Procedures are in place to keep areas of risk under review and identify future risk areas. These procedures are in turn reviewed on a regular basis by the trustees. The trustee has seen the need of setting up of an effective and professional financial and administrative system in place to enable the charity to obtain the required fund to meet the objectives.
Registered Address
Flat 44, Perronet House
Princess Street
SE1 6SL
Legal and Administrative details:
1. Omar Idris OMAR Chair & Trustee 2. Ahmedsaad MOHAMMED OMER Trustee 3. Abdela Humdin JABER Trustee
Banker:-
Cashplus Bank, Business Account Cotton Centre
Cottons Lane SE1 2QG
Accountant details
Idris Tahir (Accountants & Auditors)
Tel:07931318136
E/Mail: tahiraccountancy@googlemail.com
Statement of Public Benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Trustee Induction and Training
The Trustees has been obtained a professional advice all stages to comply with Charity Commission rules and regulations by charity lawyer and received training on trustee legal duties.
Approved By Chairman
Omar Idris OMAR
16/01/2023