2024-11-30-accounts - Empowered By Vee CIO

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REGISTERED COMPANY NUMBER: CE033634 (England and Wales) REGISTERED CHARITY NUMBER: 1204845

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

FOR

EMPOWERED BY VEE CIO

EMPOWERED BY VEE CIO

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

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Page
Report of the Trustees 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 6
Detailed Statement of Financial Activities 7
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EMPOWERED BY VEE CIO

REPORT OF THE TRUSTEES FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 21 September 2023 to 30 November 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

INCORPORATION

The charitable company was incorporated on 21 September 2023.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives are laid out in the Constitution and Grant making policy.

The charity was registered on 21 September 2023.

The current charitable objectives are the preservation and protection of health by the provision of support to ensure the wellbeing of people suffering from long term conditions, mental and/or physical illness. The prevention or relief of poverty by providing or assisting in the provision of all the necessary support designed to enable individuals to improve their quality of life.

ACHIEVEMENT AND PERFORMANCE

The charity received £3,875 from donations and incurred charitable expenses of £1,398, creating a surplus of £2,477.

FINANCIAL REVIEW

The financial activity of the charity is set out on pages 3 and 4. The balance of the free reserves available to cover administration costs is £2,477. The policy of the Trustees is to hold sufficient reserves to enable the trust to meet the expenses and liabilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is managed by the Organiser, Ms V Kativhu, under the direct control of the trustees.

Trustees are appointed by the board of Trustees and serve indefinitely. The trustees meet annually to review all activities of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE033634 (England and Wales)

Registered Charity number

1204845

Registered office

17 Henzel Croft Brierley Hill Dudley West Midlands DY5 3AL

Trustees

Ms V Kativhu (appointed 21.9.23) E G E Imafidon (appointed 21.9.23)

Page 1

EMPOWERED BY VEE CIO

REPORT OF THE TRUSTEES FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 30 September 2025 and signed on its behalf by:

Ms V Kativhu - Trustee

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EMPOWERED BY VEE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

Notes INCOME AND ENDOWMENTS FROM Donations and legacies	Unrestricted funds £ 3,875
EXPENDITURE ON Raising funds 2	1,398
NET INCOME	2,477
TOTAL FUNDS CARRIED FORWARD	2,477

The notes form part of these financial statements

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EMPOWERED BY VEE CIO

BALANCE SHEET 30 NOVEMBER 2024

Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 4	Unrestricted funds £ 3,377 (900)
NET CURRENT ASSETS	2,477
TOTAL ASSETS LESS CURRENT LIABILITIES	2,477
NET ASSETS	2,477
FUNDS 5 Unrestricted funds	2,477
TOTAL FUNDS	2,477

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2025 and were signed on its behalf by:

V Kativhu - Trustee

The notes form part of these financial statements

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EMPOWERED BY VEE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. RAISING FUNDS

RAISING DONATIONS AND LEGACIES

Support costs

£ 1,398

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continued...

EMPOWERED BY VEE CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 November 2024.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the period ended 30 November 2024.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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||| |---|---| |£| |Accruals and deferred income|900|

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5. MOVEMENT IN FUNDS

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|||| |---|---|---| |Net| |movement|At| |in funds|30.11.24| |£|£| |Unrestricted funds| |Unrestricted funds|2,477|2,477| |TOTAL FUNDS|2,477|2,477|

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Net movement in funds, included in the above are as follows:

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||||| |---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted funds| |Unrestricted funds|3,875|(1,398)|2,477| |TOTAL FUNDS|3,875|(1,398)|2,477|

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6. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30 November 2024.

Page 6

EMPOWERED BY VEE CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 21 SEPTEMBER 2023 TO 30 NOVEMBER 2024

INCOME AND ENDOWMENTS Donations and legacies Donations received Total incoming resources EXPENDITURE Support costs Management Subscriptions Accountancy Finance Bank charges Total resources expended Net income	£ 3,875 3,875 488 900 1,388 10 1,398 2,477

This page does not form part of the statutory financial statements

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