## **Kujuwa Initiative** ## **Annual Report and Accounts 2023** **1 |** P a g e ## **KUJUWA INITIATIVE** ## **Reference and Administrative Information** **Kujuwa Initiative** is a Charitable Incorporated Organisation governed by its constitution. |Registered name of the Company:|Kujuwa Initatve|| |---|---|---| |Charity Number (England and Wales)|1199244|| |Registered Ofce and operatonal address|Barrow Mead, Rush Hill, Bath, BA2 2QP|| |**Board of Trustees:**|**Date of appointment**|**Term**| |Louise McCabe|26 July 2022|3 years| |Lea Simpson|26 July 2022|3 years| |Hannah Miller|26 July 2022|3 years| |Chichi Carolyne Nafula|26 July 2022|3 years| ## **Advisors:** Bankers Charities Aid Foundation (CAF) Bank Solicitors Latham & Watkins 99 Bishopsgate London EC2M 3XF | United Kingdom **2 |** P a g e ## **KUJUWA INITIATIVE REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 March 2024** The Board of Trustees (‘The Board’) submit their Annual report and the financial statements of the Kujuwa Initiative for the year ended 31 March 2024. ## **Company Information** The organisation is a Charitable Incorporated Organisation (CIO -Foundation) registered in England and Wales. ## **Purposes and Aims** We tackle misconceptions, build knowledge, self-esteem, understanding and support around sexual reproductive health, rights and menstrual hygiene management in Kenya. ## **How our work delivers our aims** The Kujuwa Initiative’s approach is to raise funds to support carefully selected third party charities aligned with its mission. ## **How our work delivers public benefit** The Kujuwa Initiative donates washable sanitary pads, and educates girls and boys, teachers and families in Kenya about sexual reproductive health, rights and menstrual hygiene management. The Kujuwa Initiative commits to working with trusted registered charitable organisations to support socially or economically disadvantaged young people in Kenya. ## **Our Achievements** During the period 2023-24 the charity implemented a fundraising and profile-raising strategy in order to generate funds. We built a following in the business community through tools like LinkedIn. We also raised funds through collaborations between fashion designers and influencers, specifically by designing and selling fund-raising t-shirts through the Teemill platform. During the period the Trustees - Worked with solicitors who provided services on a pro-bono basis to further develop governance policies and procedures for the charity. - Completed our first Trustee report to the Charity Commission ## **Financial Review** Kujuwa Initiative is a very small charity. As this was the first complete year of operation, Trustees focussed on fundraising and establishing governance procedures to ensure any grant programme could be securely delivered. During this year it was therefore agreed no funds would be distributed via grant programmes. ## **Reserves** To ensure the organisation is prepared for any unexpected legal, financial or administrative costs, Trustees have agree to maintain a reserve of £1,500 in 2024. The reserves figure will be assessed on an annual basis. The balance of remaining funds will be distributed via a grant programme to deliver the organisation’s charitable mission. **3 |** P a g e ## **Structure, Governance and Management** ## **Governing Document** The Kujuwa Initiative is a charitable incorporated organisation ( CIO – Foundation) registered with the charity commission and governed by its Constitution. ## **Appointment of Trustees** All Trustees give their time voluntarily and receive no benefits from the charity. In selecting individuals for appointment, the charity has regard for the skills, knowledge and experience needed for effective administration of the CIO. ## **Trustee Induction and Training** All 4 trustees were appointed in July 2022 as part of the process of establishing the charity. The Trustee board includes individuals who are experienced in charity trusteeship, and who have expertise relevant to our charitable mission. All Trustees written guidance on public benefit, legal responsibilities and charitable purpose, as well as a copy of the CIO’s constitution. In the process of developing a set of governance policies, Trustees were advised by UK solicitors on a pro-bono basis. ## **Organisation** The Charity has no employees. The Trustees administer the charity and usually meet quarterly. Trustees ensure that appropriate financial and operating controls are in place to ensure that the Charity’s purpose is followed by setting authority levels for operating expenditure and funding grants. ## **Trustees’ Responsibilities in relation to Financial Statements** The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulation. Trustees are required 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 income and expenditure of the charity for that period and of its financial position at the end of the period. In preparing the statements the trustees are required to - Select suitable accounting policies and apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and accounting estimates that are reasonable and prudent - State whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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. **4 |** P a g e **For the Year Ending 31 March 2024** The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In the event of the company being wound up members of the CIO have no liability to contribute to its assets and liabilities. The trustees are the only members of the charity. This entitles them only to voting rights. The trustees have no beneficial interest in the organisation. ## **Plans for future periods** _Grant funding:_ For the period 2024-2025, Trustees aim to launch the Kujuwa Initiative’s first grant programme, with a target fund of £11,500. _Fundraising:_ This financial year trustees plan to launch two designer T-shirt collaborations with the aim of raising £1,500 versus £990 in the previous year. Kujuwa Initiative continues to be a charity partner with Surbiton High School and hopes that funds in the region of £3,000 will be raised. Trustees aim to continue growing social media engagement in order to increase individual donations and corporate giving. With a gross income of £10,500 during the period, the charity is below the threshold at which charities are required to have their accounts independently examined or audited. Signed on behalf of the Board of Trustees by Louise McCabe Chair of Trustees 3 May 2024 **5 |** P a g e ## **Kujuwa Initiative** ## **Statement of financial activities (incorporating an income and expenditure account)** |All donatons are unrestricted|**2023**|**2022**| |---|---|---| |**Income from:**|£|| |Donatons|10,489|1,029| |Charitable actvites|0|0| |Other trading actvites|0|0| |Bank interest|14.85|0| |__________________________________________________________||| |Total income|10,504|1029| |**Expenditure on:**||| |Raising funds|0|0| |Charitable actvites|0|0| |Bank charges|66|0| |_________________________________________________________||| |Total expenditure|66|0| |Net income and movement in funds|10,438|1029| |Total funds brought forward|1029|0| |**Total funds carried forward**|**11,468**|**1029**| Between June 2022 and February 2023, Trustees were in the process of opening a bank account, therefore no donations or expenditure were made during the majority of the reporting period. ## **Kujuwa Initiative Balance Sheet** |**As of 31 March 2024**|**2023**|**2022**| |---|---|---| ||**£**|| |Current assets|0|0| |Debtors|0|0| |Cash at bank and in hand|11,468|1029| |Liabilites||| |Creditors: amounts falling due within 1 year|0|0| |**Net current assets**|11,468|1029| |**Net assets**|0|0| |**Funds**||| |Unrestricted funds|**11,468**|1029| |General funds|0|0| |**Total charity funds at year end**|**11,468**|**1029**| **6 |** P a g e The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477 (2). The trustees acknowledge the responsibilities for: - (1) Ensuring that the company keeps proper accounting records which comply with section 386 of the Act and - (2) Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year. These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime. Approved by the trustees on 3 May 2024 and signed on their behalf by Louise McCabe Chair of Trustees Kujuwa Initiative **7 |** P a g e