REGISTERED COMPANY NUMBER: CE033634 (England and Wales) REGISTERED CHARITY NUMBER: 1204845
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
FOR
EMPOWERED BY VEE CIO
EMPOWERED BY VEE CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
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Report of the Trustees 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 7
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EMPOWERED BY VEE CIO (REGISTERED NUMBER: CE033634)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025
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 year ended 30 November 2025. 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).
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 to advance education for the public benefit of young people by developing their skills,capacities and capabilities to support them to prepare for entry to any occupation, trade or profession, or to higher education, on leaving any educational establishment.
ACHIEVEMENT AND PERFORMANCE
The charity received £7,263 from donations and incurred charitable expenses of £3,620, creating a surplus of £3,643.
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 £6,120. The policy of the Trustees is to hold sufficient reserves to enable the charity 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 E G E Imafidon
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EMPOWERED BY VEE CIO (REGISTERED NUMBER: CE033634)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025
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 23 June 2026 and signed on its behalf by:
Ms V Kativhu - Trustee
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EMPOWERED BY VEE CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025
| Period 21.9.23 Year Ended to 30.11.25 30.11.24 Unrestricted Total funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,263 3,875 |
|---|
| EXPENDITURE ON Raising funds 2 7,791 1,398 |
| NET INCOME/(EXPENDITURE) (528) 2,477 RECONCILIATION OF FUNDS Total funds brought forward 2,477 - |
| TOTAL FUNDS CARRIED FORWARD 1,949 2,477 |
The notes form part of these financial statements
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EMPOWERED BY VEE CIO (REGISTERED NUMBER: CE033634)
BALANCE SHEET 30 NOVEMBER 2025
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 5 |
30.11.25 30.11.24 Unrestricted Total funds funds £ £ 4,392 3,377 (2,443) (900) |
|---|---|
| NET CURRENT ASSETS | 1,949 2,477 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
1,949 2,477 |
| NET ASSETS | 1,949 2,477 |
| FUNDS 6 Unrestricted funds |
1,949 2,477 |
| TOTAL FUNDS | 1,949 2,477 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 23 June 2026 and were signed on its behalf by:
V Kativhu - Trustee
The notes form part of these financial statements
Page 4
EMPOWERED BY VEE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
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
| Period 21.9.23 Year Ended to 30.11.25 30.11.24 £ £ Promotional costs 4,608 - Support costs 3,183 1,398 |
|---|
| 7,791 1,398 |
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EMPOWERED BY VEE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the period ended 30 November 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 November 2025 nor for the period ended 30 November 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies |
Unrestricted funds £ 3,875 |
||
|---|---|---|---|
| EXPENDITURE ON Raising funds |
1,398 | ||
| NET INCOME | 2,477 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,477 | ||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income |
30.11.25 £ 1,363 1,080 |
30.11.24 £ - 900 |
|
| 2,443 | 900 | ||
| 6. MOVEMENT IN FUNDS Unrestricted funds Unrestricted funds |
At 1.12.24 £ 2,477 |
Net movement in funds £ (528) |
At 30.11.25 £ 1,949 |
| TOTAL FUNDS | 2,477 | (528) | 1,949 |
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continued...
EMPOWERED BY VEE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted funds |
Incoming resources £ 7,263 |
Resources Movement expended in funds £ £ (7,791) (528) |
|---|---|---|
| TOTAL FUNDS | 7,263 | (7,791) (528) |
| Comparatives for movement in funds Unrestricted funds Unrestricted funds |
Net movement At in funds 30.11.24 £ £ 2,477 2,477 |
|
| TOTAL FUNDS | 2,477 2,477 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted funds |
Incoming Resources Movement resources expended in funds £ £ £ 3,875 (1,398) 2,477 |
|---|---|
| TOTAL FUNDS | 3,875 (1,398) 2,477 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2025.
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