Charity Registration 1195294
Makaado Charity Organisation
TRUSTEE REPORT FOR THE PERIOD
From 01/04/2022 to 31/03/2023
Introduction
Established on July 26, 2021, as a Charitable Incorporated Organisation (CIO), our organization's mission is to alleviate hunger and poverty both domestically and internationally. We strive to empower individuals through sustainable income generation, equipping them with the skills and resources to achieve self-sufficiency.
However, our initial efforts were hampered by the lack of a partner charity within our target operational area, making project development and fundraising challenging.
Furthermore, the risky nature of some target regions presented additional difficulties in establishing the projects, so as to raise funds due to the absence of established channels and legally registered charities.
Even though these challenges been there initially, we are now pleased to announce a potential partnership with a local charity. This collaboration holds significant promise to facilitate the commencement of our charitable activities in the designated areas. While their official status is under verification, we have requested legal documentation to ensure proper due diligence before finalizing a Memorandum of Understanding.
Objectives 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
At the core of our commitment lies a dedication to responsible Trusteeship. Our Board of Trustees understands the crucial role they play in ensuring the financial health and ethical operations of the charity. This responsibility manifests in several key areas:
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Accurate and Transparent Financial Reporting : We are committed to presenting a true and fair picture of the charity's financial standing through annual financial statements. In doing so, our Trustees adhere to rigorous principles, such as:
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Selecting and Applying Suitable Accounting Policies : It is established method to carefully selecting and consistently applying accounting policies that comply with the Charity Commission Act 1985 and relevant accounting standards. Any material departures will be clearly explained in the financial statements.
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Robust Accounting Records and Internal Controls : It is our paramount priority to maintain a comprehensive system of accounting records that provide an accurate and up-to-date picture of the charity's financial position at any given moment. These records enable the Trustees to effectively fulfill their responsibilities and comply with the Statement of Recommended Practice (SORP).
Risk Management
Our Trustees take their role in safeguarding the charity's assets seriously. We have implemented robust measures to prevent and detect fraud and other irregularities, further ensuring the responsible use of donated funds.
1. Proactive Risk Mitigation and Sustainable Growth:
Recognizing the importance of resilience, our Board proactively mitigates potential risks that could hinder our operations or impact our beneficiaries.
2. Identify and Assess Risks:-
We regularly assess the major risks facing the charity, developing and implementing strategies to mitigate their impact. This includes identifying potential future risks and adapting our strategies accordingly.
In conclusion, our Board of Trustees takes its responsibilities seriously, ensuring financial transparency, risk mitigation, and responsible growth. We are committed to using our resources effectively and ethically to make a lasting impact on the lives of those we serve.
Statement of Public Benefit
The Board of Trustees takes its commitment to public benefit seriously. We diligently follow the Charity Commission's guidance, ensuring our activities demonstrably advance charitable purposes for the wider community. We believe in transparent and accountable operations, striving to maximize the impact of our charitable endeavours.
Investing in Trustee Competency
Recognizing the importance of well-informed decision-making, our Trustees actively participate in professional development opportunities. The recent Charity Commission webinar on Responding to Crises Overseas, and related courses equipped them with valuable knowledge and best practices regarding effective and responsible overseas outreach in times of crisis. This ongoing commitment to learning ensures that our Trustees are well-equipped to navigate complex situations and fulfil their duties with utmost diligence.
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:-
- Lloyds Bank, Business Debit Andover BX1 1LT VICTORIA (309950) Branch
Accountant details
Idris Tahir (Accountants & Auditors)
Tel:07931318136 E/Mail: tahiraccountancy@googlemail.com
Approved By Chairman
Omar Idriss
31/01/2024