CHARITY REGISTRATION NUMBER: 1198945 EMPOWERING COMMUNITIES FOR LIFE Unaudited Financial Statements 15 March 2024 Chartered Certified Accountanls 1 Concord Business Centre Coneord Road London UK W3 OTJ
EMPOWERING COMMUNITIES FOR LIFE Flnancial Stalements Year ended 15 March 2024 Page Trustees, annual report Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements
EMPOWERING COMMUNITIES FOR LIFE Trustees, Annual Report Year ended 15 March 2024 Th8 t¥uslees present their report and the Unaudit financial statements ol the charity for the year ended 15 March 2024. Refvren¢e ond adminislratlya d8talls Raglster8d charfty name EMPOWERING COMMUNITIES FOR LIFE CharEty reglstratlon number 1198945 Prlnclpal ortlce 8 Peryy Vale For8St Hill London SE23 2LD ngland Tho tyustees Dr L Rlck6tts Ms Z Campb811 Dr S Ahmcd Accountgnts K B M UK Limited Chartered Gertilied Accountants 1 Concord Business Genlro Con¢ord Road London UK W3 OTJ Slrueture, governance and m•n•g8m8nt Empowerlng Communili•s For Life 1$ Chatable incorporai8d organisation. were Incorporated on 12 May 2022. The day to day running of the Gharity is led by managlng trust88. Dr Laura Ricketts who manages tho daily a¢liviliès ol the charity and Tnanagemenl related tasks. Dr Rick&tts also particlpates in fundraising lor the charity and Iravals to places where charitable a¢livities are undertaken.
EMPOWERING COMMUNITIES FOR LIFE Truslees, Annual Report (contlnusd) Year ended 15 March 2024 Obloctlvos and 8¢tlvllles Empowering Communities For Life IECFLI is a Gharity that vduos LKlu¢alion. oqualtty, inclusivity and health well-being principles. Rogistorod 12 May 2022, ECFL has b88n worklng intimately wth a country in wostern Africa, The Gam2. Poverty, physicav mental ill-health, lack ot educational resources and limitsd support lor children wth Special Educational N88ds ISEN). The main objectives of the charity are, Tha prevention and relieve ol poverty not exclusively in the UK and The Gambia by providing grants, 118ms and seNices to indivithjals in need andlor charities, or other organ15atiQns working lo prevent or relievo poverty. Promot8 and protect mèntal heabth for the putjic benefit by the prowsion ol suwort to people in tha malnlenance and recovery ol mental111 health and the promotion of the underslanding ol Met health through the educaOn of peopla who suffer from mental ill-hearth. Achl8vements and pertormance In the ygar 2022- 2023. charity has collected donatlon from Indlvlduals lo fund and support ils activities and projects wilhln UK and Th8 Garnbia. Flnanclal revlew The Charity rècalved donation and funds £4,920 durlng the pgrlod. Total outgoing resources amounted 10 £4,970 01 which £4,450 was expended on direct charltabla activfti¢s and £S20 on the eosts of wnning the office and on othér Governance costs. The Iru5tee$' annual rewrt was approved on 26 June 2024 and slgnfjd on bèhaf ol the board of Iruslee8 by-. Dr L Rickells Trusiea
EMPOWERING COMMUNITIES FOR LIFE ststem8nt of Financial Activities Year ended 15 March 2024 2024 Unr&slricled funds Tolal funds 2028 Total funds Not? Income and endowments Donations and legacies Total Income 4,920 4,920 4,920 4,920 9.468 9,468 Expenditure Expendituro on raising funds: Costs ot raslng donations and legacies Expenditure on chartlabla aetlvltl88 Total expendlture 320 4,650 320 4,650 275 9.160 9.435 4,970 4,970 Net {expendlture}Ilncomo and nat movement In funds 1501 150} Reconclllation of fund$ Total funds brought forward Total lunds cerrlod forward 33 1171 11n The slalament of fInanci acllvltios1ncludes all gains and losses recogni8ed in the yaar. All iii¢ome and expendilure derive Iroin ¢onlinuing actlvrtl•$. The notes on page$ 6 to g form of ttwso flnan¢lal $tslement8.
EMPOWERING COMMUNITIES FOR LIFE Statement of Flnanclal Posltlon 15 March 2024 2024 2023 Nots CUnI a988ts Cash al bank and in hand 343 213 Creditors: amounts falllng due wlthln one year Net current Ilabllltb89 10 360 180 11n 1171 117) 33 Total assets1698 current Ilabllltles 33 Ngt liabllltl88 33 Funds of the ch8rlty Unrestricted funds 117) 1171 33 Tolal charlty lunds 11 33 These financial 8tatemgnlS wère approved by the Iard of ITiislaos and aulhorlsed for Issue on 26 June 2024, and arg signed on b8hall of th• board by.. Dr L Rlck8tts Trustee The notès on p8ges 8 to 9 torwn part of th¢$e flnanclal statornents.
EMPOWERING COMMUNITIES FOR LIFE Slatement of Cash Flows Year endad 15 March 2024 2024 2023 C88h flows from operatlng activitie8 Net l&xpenditurellincome 150) 33 Adjustments lor.. Accrued expenses Cash generated trom operations Net cash from oparaling activitles 180 130 213 130 213 Net in¢rea$e in ¢ash and $h equlvalent$ Cash and c#$h equivaleni$ at bèglnnlng of y•ar Cash and c4sh equlv*lènts at and of year 130 213 213 343 213 Thg notes on pagos 6 10 9 torn? part of these flnaft¢lal stslern8nts.
EMPOWERING COMMUNITIES FOR LIFE Notes to the Flnanctal Statemenls Year ended 15 March 2024 aeneral Infomiatlon The charlly is a publi¢ benefit entity and a r8gislered charity in England and Wales and is uninoorporated. Th8 address of the principal oflice is 8 Parry Vale, Froest Hill, London, SE23 2LD, England. Stsi•ment of compllanc8 These Ilnancid statements have tJ8en prepared in Gompliance with FRS 102, 'The Financla Reporting Standard applicable in Ihe UK and th8 R8publlc of Ireland,, the Stalemeni ol Recommended Practice applicab18 to charltles preparing their accounts accordance with the Financial Reporting Standard applicable in tha UK and Republic ol Ireland IFRS 1021 Icharilies SORP {FRS 10211 and th¢ char8 Act 2011. Accountlng pollcl08 Bas18 of preparauon The Ilnancial statements have been pr8pared on the historlcal cost ba818, as modified by the revaluation of certain financial assets and Ilabllitlos and Invgstmenl proportles measured at falr vlua through income or gxp8ndllure. Tho linanclal slalements ar8 prepared Sn sterling, whlch Is the functlonal currency ol the enllty. Golng con¢om There are no Mater1 uncertwntles about the charlty's ablltyto continue. Judgomont8 and key sourcej of 08tlmatlon unc•rtalnly There ar6 no materlal uncerta)Mies about the Gharws abi51ty lo continue. Fund gc¢ountlng Unr¢strlcl&d funds are avallable tor us9 at tho dlscfetlon ol th8 truslges to further any of tho charity's purpos8S. Designated funds are unrestricted tunds 6amiarked by the Iruslees tor paCUlAr future project or eommhmenl. Reslrictod funds are subjccted to r8slrlctlons on their expanditure doclargd by the donor or through the terms ol an appaai, and fall into one of two sub-classes: restricted income funds or endowment funds.
EMPOWERING COMMUNITIES FOR LIFE Notes to the Financial Statements (eaminuedj Year ended 15 March 2024 Aecounting poll¢les (oonllnr Incoming regour All Incomlng r6sources ale includod in the statement of flnancipJ actlvitles when entitlement has passed lo the charity; it is probab18 that the economic benefits associated wkh the transaclon wlll ftDW to th8 charity and the amount can be raliably measured. The following specific policies ara applied lo particular calegorfes ol income: income rom donations or grants is recognisod whon th8r8 is evidence ol &nfftl8m8nt lo the grft, receipl is probable and its amount can be measured reliably. legacy in¢ome is recognis8d whén r8celpt is probable and enlld8ment Is established. Incomg Irom donated goods is measuled al the lar value ol tho goods unless this is impractical to m8asure reliably, in whi¢h cas8 the value is derlved from the Gost lo the donor or the estimated r8sale valu8. Donated facilities and setviegs aro racognised in the accounts when rgcelved If the value can be raliabty mèasured. No amounts are in¢luded for thè onlribution ol gonèral volunteers. income from contracts lor the supply of $eNlc88 18 recognisod wllh Ihe dellvery ol th8 contracted serGe. This is classrfied as unrestricted funds unless there is a contractual requlremont lor il lo b? spent on a parti¢ulaT purposè and rgtumed It unspent, In whlch casa li may b8 regarded as restricl8d. R•sources oxpended Expendtiurè Is recognised on an accruals basis as a liabillty Is Incurrad. ExndIture includgs any VAT which cannot be lully recovored, and Is classilied und9r hoadings ol the statement of Ilnanclal aclivili&s to whlch11 relat8s= expenditur8 on raising funds Ine1udès the costs ol all fundrai$lng acUvll8s. events. non- ¢harilable liadlng acllvllles, and the sale ol donated goods. expgndllure on charitable actlvrties Includes all Gosts 1ncurred by a charity in undèrtaking activities that further Ils charitable alms lor the benefit ol its b&nellclarles, includlng those support costs and costs ¥elating to the governance ot thè charity apportioned to ¢harllabl8 aelivitses. other expondiluro includes all exponditure that 18 nelth&r related to raislng funds for the charity nor part ol its expandllure on charitable activlties. All costs allocat&d to expondilure calegorles reflecting the uge ol the resource. Dirgct costs attributable lo a single activty are allocated diroctly to that activity. Shared costs are apportioned btheen the activrties they contribute lo on a reasonable, lustifiable &nd con¥iglent basis. Donations and l•gaelo9 Unrestricted Totsl Funds Unrestricted Total Funds Furds 2024 Funds 2023 Oonatlong Donabons roceived 4,920 4,92D 9.468 9,468
EMPOWERING COMMUNITIES FOR LIFE Notes to the Financial Slatements (etsnAYnued} Year ended 15 March 2024 Costs ot ralslng donatlons and legaclas Unrestricted Toial Funds Unreslricled Total Funds Funds 2024 Funds 2023 Costs ol raising dOnaon8 and legacies Donations 320 320 275 275 Expendlturn on Charable actlvltles by fund typ• Unreslrfcted Total Funds Unr88tricled Total Fun(ts Funds 2024 Funds 2023 Charitable a¢liviti&s Support costs 4,450 200 4,450 200 8,865 295 8,865 295 4,650 4,650 9,180 9,160 Expondlture Dn ehorltabl8 actlvltles by actlvlty typ• Aclivllies undertaken directly Support Gosis Total fund¥ 2024 Total fund 2023 Charitable actlvltl&$ Governance costs 4,4SO 4,450 200 8,865 295 200 4,450 200 4,650 9,160 Stsff costB The averag8 head count of omployoes éuring the year was Nil12023'. NIII. No employee received 8mployge bgnelils ol more than £60,000 durlng the year12023- Nill. Trusteè rnmunoratlon and exponsos No sdaries or wages have been paid to employees, induding the mernbors of th8 commlttee, during the year. The Trustees received no remunèratlon or expenses for acting as Iruslees. During the year the lolal ol expense reimbursed to the tru$lg8s, Incurred In the course ot actlng as members ol the chwity, amount8d to £Nil. 10. Creditors: amounts falling duo wlthln one year 2024 2023 Accruals and deferred incoma 360 180
EMPOWERING COMMUNITIES FOR LIFE Notes to the Flnancial Statements (Willnu) Year ended 15 March 2024 11. Analysis ot charitable funds Unr8strlcted funds At 16 MarGh 202 At 15 March 202 Income Expenditure General tunds 4,920 14.970} 1171 Al 16 March 202 Al 15 March 202 Inttome Expendllura General funds 9,468 19,4351 12. Analys1$ of net g$$•ts bètW8en funds Unr8strictsd Totsl Fund8 Funds 2024 Current assets Credltors188S than l yèar Net Il&bllltS98 343 13601 1171 343 13601 {171 Unrasirici8d Total Funds Funds 2023 Currgnl assets Creditors less than 1 yaar Net Ilabllltles 213 11801 33 213 11801 33 13. Analy$ls of changes In net debt Al At 16 Mar 2023 Cash flows 15 Mar 2024 Cash al bank and in hand 213 130