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2024-12-31-accounts

REPORT FOR MEMBERS

TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CHARITY NUMBER 1195447

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES' ANNUAL REPORT ..................................................................................................... 3-6 ' STATEMENT OF TRUSTEES RESPONSIBILITIES ......................................................................... 7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ........................................................ 8 STATEMENT OF FINANCIAL ACTIVITIES .................................................................................... 9 BALANCE SHEET ............................................................................................................................ 10 NOTES TO THE FINANCIAL STATEMENTS ............................................................................11-13

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 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 and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

Our main activity is to raise funds for Education and training in London.

  1. to advance the education of people under 25 living in the Royal Borough of Kensington and Chelsea and surrounding areas by developing their mental, physical, and moral capabilities through leisure time activities.

  2. to advance in life and relieve the needs of young people through:

a) Recreational and leisure time activities are provided in the interest of social welfare and designed to improve their conditions of life.

b) providing support and activities which develop their skills, capacity, and capabilities to enable them to participate in society as mature and responsible individuals.

We are currently supporting more than 85 individuals in the Borough. The support involves art lessons, music lessons, educational programs for school children and youths. We have been practicing the following activities at the charity.

ACHIEVEMENTS AND PERFORMANCE

Teit Ethiopia is home to mostly East African children offering vocational training opportunities. Our staff and volunteers are equipped with important skills by doing various training including Safeguarding, Emergency First Aid, Food Hygiene, SEND, Youth Mental Health First Aid, and Neurodiversity Training by NHS Grenfell Health and Wellbeing service.

Westway Trust, The Royal Borough of Kensington and Chelsea, John Lyon’s Charity, and Young K&C have been supporting the supplementary school emotionally and financially through community solution grant, youth empowerment grant and other small grants by supporting our projects especially those targeted to improve mental health. Teit Ethiopia supplementary school commemorated Grenfell’s 7[th] anniversary of the tragic loss of Grenfell victims.

More than 15 dedicated volunteers have contributed their time, knowledge, and expertise, further enriching the learning environment. Their involvement has played a vital role in supporting the mental, physical, and emotional development of the children, fostering not only personal wellbeing but also contributing to positive social and economic outcomes within the wider community.

Our supplementary school has seen a notable improvement in students’ social interaction, relationship-building, and the expression of their individual talents. These activities have created safe and engaging spaces for personal growth and community connection. We are proud to share the continued growth and recognition of our

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

supplementary school, which reflects our commitment to high-quality education and community support. Solid Foundation and Good Management Certificate was awarded to our supplementary school on 29 October 2024.

FINANCIAL REVIEW

On the financial front, donations and grants of £25,063 (2023: £50,310) were received from donors and government bodies. The charity has also collected membership fees from parents of children £1,747 (2023: £2,466). The Charity has spent £40,024 (2023: £37,869) supporting children’s and young people’s education in the London Borough of Kensington and Chelsea and surrounding areas. The supplementary school creates a bright future. To this end, it promotes community engagement, organises, and supports arts and culture events, provides children and young people learning services, and underpins supplementary school provision.

Related Parties

During the reporting period and prior year there were no related parties’ transactions.

Investment Property

There are no investment properties

PLANS FOR FUTURE PERIODS

Our plans for future include increasing the number of employees and volunteers and expanding our supplementary school into additional areas. This strategic growth will enhance accessibility, allowing us to reach more families and better respond to the growing demand within our communities. By broadening our geographical reach, we aim to attract more students and offer them greater social and educational opportunities through larger, more diverse peer networks. We continue to strive to fulfil the objective of supporting students and we hope to continue to build on contact with the RBKC, John Lyon’s Charity, Westway Trust, Young K&C, our local friends and educational institutions, looking at ways to enhance our networks. Furthermore, we are also seeking to secure dedicated office space, which will provide a stable base for operations, improve service coordination, and support further organisational growth.

As part of our ongoing commitment to community healing and engagement, our future includes organising regular events, including the annual commemoration of the Grenfell tragedy. These events serve as important opportunities for remembrance, reflection, and unity within the community. They also provide a platform for creative expression, dialogue, and mental health support through activities such as art therapy, poetry, and music. In addition, we aim to host workshops, cultural celebrations, and educational events that bring people together, strengthen social bonds, and raise awareness of local and global issues affecting our communities.

We will apply for the renewal of the three-year threshold salary grant for our key staff member, who currently serves in the dual role of CEO and Study Support Coordinator. Over the past years, their leadership has been instrumental in driving the development and success of our supplementary school. However, the demands of the role have grown significantly, and the increased workload and responsibilities now exceed the scope of the original grant.

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The governing document of the Charity is its Amended Declaration of Charity made on 29 July 2021. The Trustees oversee the total operation of the Charity through a regular review of the operation at their regular meetings. The charity trustees started organising community and members in 2019 and were able to do some work until its registration with the charity commission by mobilising members and other supporting organisations.

Risk Management

The Charity's risk management policy is designed to identify and analyse operational and other risks facing the Charity at unacceptable levels, to take steps to mitigate the risks. The main risks can be categorised as: -

  1. Strategic and Reputational Risks.

  2. Financial Risks (Fraud; UK Economy effects).

  3. Compliance Risks (Fire and Health Safety; Security; Filing regulations; Insurance; Data protection, etc.).

Risk management is part of the wider system of internal control. This system encompasses several elements that facilitate an effective and efficient operation, enabling the Charity to respond to various operational, legal, financial, and commercial risks. These elements include policies and procedures, reporting, strategic planning, and budgeting. Strategic planning and budgeting are used to set objectives, agree on action plans, and allocate resources. Progress towards meeting strategic plan objectives is monitored regularly. The risk register is reviewed regularly.

Reserves policy

Unrestricted Funds

The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.

The balance held as unrestricted funds on 31 December was £25,103 (2023: £37,689).

Restricted Fund

The balance held as restricted funds on 31 December was £10,104 (2023: £10,732).

Endowment Fund

No Endowment funds

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL FUNDING SOURCES

The principal income sources are donations and grants received from the public and other charities.

GOING CONCERN

No material uncertainties that may cast significant doubt about the ability of the charity to continue as a going concern have been identified by the trustees.

PUBLIC BENEFIT STATEMENT

The Trustees have had due regard to the guidance on public benefit issued by the Charity Commission in exercising their duties.

REFERENCE & ADMINISTRATIVE DETAILS

Charity Name: Teit Ethiopian Orthodox Tewahedo Supplementary School

Principal Office: Freston Road Hub 196 Freston Road London W10 6TT

The school is running at

The Clement James Centre 95 Sirdar Road London W11 4EQ

Trustees:

Rev Abate Gobena (Chairman) Bethlehem Yilma Emebet Solomon Henock Woldesellassie (Appointed 17 Sep 2024)

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Annual Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (the United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Charity deed. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and the financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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TEIT ETHIOPIAN ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the Teit Ethiopia Orthodox Tewahedo Supplementary School (the Charity) accounts for the year ended 31 December 2024.

Responsibilities and basis of the report

As the charity trustee of the Charity, you are responsible for preparing the accounts in accordance with the Charities Act 2011 ('the Act').

I report in respect of my examination of Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across any other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Demissie Gebrehiwot, FCCA DBA Accountancy 175 Suite AM 298 Romford Road London, E7 9HD

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TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT
FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024
9
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Restricted
Total
Unrestricted
Restricted
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2023
2023
Notes
£
£
£
£
£
Income and
Endowment
from:
Donations and
Legacies
2
6,810
20,000
26,810
13,741
39,035
….........
…......
….........
….........
…......
Total income
and
endowments
6,810
20,000
26,810
13,741
39,035
======
======
======
======
======
Expenditure on:
Charitable
activities:
Education and
Support
3
19,396
20,628
40,024
7,894
29,975
Total
Expenditure
19,396
20,628
40,024
7,894
29,975
Net movement
in funds
(12,586)
(628)
(13,214)
5,847
9,060
Funds Balance
brought forward
37,689
10,732
48,421
31,842
1,672
Funds Balance
carried forward
25,103
10,104
35,207
37,689
10,732
========
======
======
========
======
All activities of the Charity are classed as continuing.		 TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT
FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024
9
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Restricted
Total
Unrestricted
Restricted
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2023
2023
Notes
£
£
£
£
£
Income and
Endowment
from:
Donations and
Legacies
2
6,810
20,000
26,810
13,741
39,035
….........
…......
….........
….........
…......
Total income
and
endowments
6,810
20,000
26,810
13,741
39,035
======
======
======
======
======
Expenditure on:
Charitable
activities:
Education and
Support
3
19,396
20,628
40,024
7,894
29,975
Total
Expenditure
19,396
20,628
40,024
7,894
29,975
Net movement
in funds
(12,586)
(628)
(13,214)
5,847
9,060
Funds Balance
brought forward
37,689
10,732
48,421
31,842
1,672
Funds Balance
carried forward
25,103
10,104
35,207
37,689
10,732
========
======
======
========
======
All activities of the Charity are classed as continuing.		 TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT
FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024
9
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Restricted
Total
Unrestricted
Restricted
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2023
2023
Notes
£
£
£
£
£
Income and
Endowment
from:
Donations and
Legacies
2
6,810
20,000
26,810
13,741
39,035
….........
…......
….........
….........
…......
Total income
and
endowments
6,810
20,000
26,810
13,741
39,035
======
======
======
======
======
Expenditure on:
Charitable
activities:
Education and
Support
3
19,396
20,628
40,024
7,894
29,975
Total
Expenditure
19,396
20,628
40,024
7,894
29,975
Net movement
in funds
(12,586)
(628)
(13,214)
5,847
9,060
Funds Balance
brought forward
37,689
10,732
48,421
31,842
1,672
Funds Balance
carried forward
25,103
10,104
35,207
37,689
10,732
========
======
======
========
======
All activities of the Charity are classed as continuing.		 Total
Funds
2023
£
52,776
….........
52,776
======
37,869
37,869
14,907
33,514
48,421
======
9
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Restricted
Funds
Funds
2024
2024
Notes
£
£
Income and
Endowment
from:
Donations and
Legacies
2
6,810
20,000
….........
…......
Total income
and
endowments
6,810
20,000
======
======
Expenditure on:
Charitable
activities:
Education and
Support
3
19,396
20,628
Total
Expenditure
19,396
20,628
Net movement
in funds
(12,586)
(628)
Funds Balance
brought forward
37,689
10,732
Funds Balance
carried forward
25,103
10,104
========
======
All activities of the Charity are classed as continuing.		 Total
Funds
2024
£
26,810
….........
26,810
======
40,024
40,024
(13,214)
48,421
35,207
======		 Unrestricted
Funds
2023
£
13,741
….........
13,741
======
7,894
7,894
5,847
31,842
37,689
========

TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

BALANCE SHEET
AS OF 31 DECEMBER 2024
Notes
Current Assets
Cash at the bank and in hand
Liabilities
Creditors: Amounts falling due within one year
4
Net Current Asset
Total assets less current liabilities
Creditors: amounts falling due after one year

Net Assets

Funds of the charity:
Unrestricted funds
Restricted Funds
5
Total Funds		 2024
£
38,151
38,151
2,945
35,207
35,207
-
35,207
=======
25,103
10,104
35,207
=====		 2023
£
52,248
52,248
3,827
48,421
48,421
-
48,421
======
37,689
10,732
48,421
=====
=

These Financial Statements are approved by the trustees on and are signed on their 17/10/2025 behalf by Rev. Abate Gobena (Chairman of the Trustees)

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TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and by the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.

Resources expanded

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

No depreciation is provided as the charity does not own any assets.

Taxation

The Charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used by charitable objectives at the discretion of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

Wages and salary costs

The Charity has one paid employee, and the trustees provide their services for free. There was no employee who paid more than £60,000.

Wages and Salaries

Wages and Salaries
Wages and salaries
Pension
National insurance		 2024
£
20,000
413

215
20,628		 2023
£
10,000
103
-
10,103

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TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNT(CONT)

2. DONATIONS AND LEGACIES

London Community Foundation
John Lyons Charity
Young K&C
Westway Trust
Members contributions
3. EDUCATION AND SUPPORT
EXPENDITURE
Education
Sports lessons
Art and drama lessons
Languages lessons
Maths lessons
Other expenses
Support
Salaries and wages
Other admin expenses
Insurance
Telephone, internet and subscriptions
Independent examiner fee
Total expenditure
 2024
£
-
20,000
757
4,306
1 , 7 4 7
26 , 810
2024
£
2,651
1,384
430
550
1 1 , 5 0 3
1 6 , 5 1 7
20,628
1,393
217
693
575
23 , 5 0 7
4 0 , 0 2 4
 2023
£
14,138
20,000
8,897
7,275
2 , 4 6 6
52, 7 7 6
2023
£
4,469
4,446
4,866
1,140
8,528
2 3 , 4 5 0
10,103
3,156
160
450
550
1 4,4 19
3 7 , 8 6 9

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TEIT ETHIOPIA ORTHODOX TEWAHEDO SUPPLEMENTARY SCHOOL REPORT FOR MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNT(CONT)

4. CREDITORS

Accruals
Taxes and social securities
Other creditors		 2024
£
2,225
61
659
2,945		 2023
£
2,350
576
901
3,827

5. RESTRICTED FUNDS

The restricted funds are related to part of the Young K&C and John Lyons Charity grants.

6. RELATED PARTIES

During the reporting period or prior year there were no related part transactions.

7. SUMMARY OF FUND MOVEMENTS

Unrestricted funds
Restricted funds
Total Funds		 Fund
balance
brought
forward
£
37,689
10,732
48,421		 Income
£
6,810
20,000
26,810		 Expenditure
£
19,396
20,628
40,024		 Fund
balance
carried
forward
£
25,103
10,104
35,207

8. CONTINGENT LIABILITIES

There are no contingent liabilities.

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