REGISTERED CHARITY NUMBER: 041184
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Orkidstudio
MRA Business Services Limited Chartered Accountants 2 & 6 Wellgatehead Lanark Lanarkshire ML11 9AA
Orkidstudio
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
Orkidstudio
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's aims and charitable purposes are to work towards the prevention or relief of poverty and to promote the advancement of health and education, especially for the benefit of young and disadvantaged people , as well as the welfare and development of communities in distress or otherwise in need of relief, by exploring and developing the link between architecture and international development.
Significant activities
Since 2019 the charity's main focus has been on its wholly-owned subsidiary entity, Buildher, a limited liability company incorporated in Kenya and which operates as a non-profit organisation.
Buildher Mission:
opportunity to build better futures for themselves, their families and their communities.
Buildher Vision:
professional development, and business opportunities in the sector.
Buildher’s North Star is to help every woman we train earn 800ksh/5.75$ + per day and build pathways out of poverty.
More details on Buildher can be found at: https://www.buildher.org/impact/
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Orkidstudio
Report of the Trustees
for the Year Ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE Charitable activities
During this financial year the charity was involved in the following activities:
BUILDHER:
The charity incorporated a subsidiary limited company in Kenya called Buildher Limited in 2018 which operates as a non-profit organisation and which equips disadvantaged young women (ages 18-35) in Kenya with accredited construction skills, leading to greater financial prosperity, changing male attitudes and promoting gender equality within the construction industry.
The Trustees would like to thank all of the Charity's donors for their support of our work collectively with Buildher.
The Trustees would also like to thank the Buildher team in Kenya, led by co-Founder and CEO Tatu Gatere, whose hard work and dedication has ensured a highly successful year.
Buildher’s Annual Report 2024 is available on request.
Fundraising activities
The primary fundraising focus during 2024 was on securing funding from philanthropic organisations (corporates, foundations, trusts) for Buildher. The key funders during this period are acknowledged at https://www.buildher.org/model/. This fundraising was led by the Buildher team in Nairobi, Kenya. Particular thanks goes to Myriad USA as the largest single donor during 2024 to Orkidstudio in support of Buildher.
The Trustees would like to thank all donors who supported our work during 2024.
The charity was also supported generously by several private individuals who give on a regular basis and to whom we are extremely grateful.
FINANCIAL REVIEW
Principal funding sources
The charity's main source of income is donations and the trustees are extremely grateful to those organisations, foundations and individuals who have given both their time and money so generously in the past year.
Reserves policy
The trustees aim to retain free reserves in unrestricted funds at a level which will provide sufficient funds to cover support and governance costs for approximately 3 months.
Total unrestricted funds held as at 31 December 2024 were £8,769. .
Since the charity has no remunerated staff, offices or other major overheads, the level of reserves required to maintain operations each year remains low and allows the Trustees to allocate the significant majority of the Charity's fund to its social purposes.
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Oikidstudio rt olthe T[Stee$ for the Year Ended 3 1 December 2024 women toprosperboth peoallY alld professiollally tlllrin8 gndpost traillit)8. STRUCTURQ CoRNANCEAD MANAGEMENT Goyernlng dotument Thc chlty is a Scottish Cknitablc Otgallisthon (Scto). Th¢ ¢b&ity is admiDi5totd Jn a¢¢oth with th¢ temts ofits collslits0ll. Re¢rnltDDf and appolDtDkDt ofnew trllslees The Lu5tillg t1515 are 5>SIble forthe recnlllllLentof trustees. In seleetiog new trnstw the existin8 trnstees seek to identsfypeople with appropiate professiollxl skills whicb will Co1]ment the skill5 of th¢ ¢stillg tru5t¢¢5, and whD ate WLllLDg to att a volLULtccrb8515. tndllethbll tralDkng trustees Followin8 appointm( new trnstees are introdu¢td to their new role attd a ¢opy of the trust deed alld a 8uid¢ to the policies Rlsk rnangement The Trn5t5 hav¢ a duty to identify and reviw th¢ risks to wbich tht Charity is txposed and to <nsur¢ appropriat¢ eonkn15 are iti place to provth reasonable as5UTZllCe agaillst fixud 8lldem)r. REFEBINCE AND ADMINtSTRATIVE DETAILS Rcgistered Charity 041184 Inde endent ExamilleT Busines8 Setvices Limited 2 & O Well88tebead MLII 9AA Approved by order of the bo¥ of trustees on 26 Septembtt 2025 atkl sistted on its khalf by.. Trnstee Page 3
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Orkidstudio
Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 1,458 | - | 1,458 | 92,961 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| General | 2,850 | - | 2,850 | 5,981 | |
| Buildher | - | - | - | 90,665 | |
| Total | 2,850 | - | 2,850 | 96,646 | |
| NET INCOME/(EXPENDITURE) | (1,392) | - | (1,392) | (3,685) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 10,161 | - | 10,161 | 13,846 | |
| TOTAL FUNDS CARRIED FORWARD | 8,769 | - | 8,769 | 10,161 |
The notes form part of these financial statements
Page 5
Orkidstudio
Balance Sheet
31 December 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | 814 | - | 814 | 1,304 |
| CURRENT ASSETS | |||||
| Cash at bank | 13,584 | - | 13,584 | 15,240 | |
| CREDITORS | |||||
| Amounts falling due within one year | 6 | (5,629) | - | (5,629) | (6,383) |
| NET CURRENT ASSETS | 7,955 | - | 7,955 | 8,857 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 8,769 | - | 8,769 | 10,161 |
| NET ASSETS | 8,769 | - | 8,769 | 10,161 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 8,769 | 10,161 | |||
| TOTAL FUNDS | 8,769 | 10,161 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2025 and were signed on its behalf by:
The notes form part of these financial statements
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Orkidstudio
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charitycharity 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 charitycharity 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.
Charitable activities
Costs of charitable activities are incurred on achieving the charity's objectives, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not directly
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Taxation
The charity is exempt from 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 charitycharity. 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. SUPPORT COSTS
General
Management £ 2,850
continued...
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Orkidstudio
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| SUPPORT COSTS - continued Support costs, included in the above, are as follows: |
||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| Total | ||
| General | activities | |
| £ | £ | |
| Post, stationery & IT | 1,547 | 4,452 |
| Sundries | 720 | 690 |
| Bank charges | 93 | 186 |
| Depreciation of tangible and heritage assets | 490 | 653 |
| 2,850 | 5,981 |
3. TRUSTEES' REMUNERATION AND BENEFITS
No trustees received remuneration or benefits for services to the charity for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,296 90,665 EXPENDITURE ON Charitable activities General 5,981 - Buildher - 90,665 Total 5,981 90,665 NET INCOME/(EXPENDITURE) (3,685) - RECONCILIATION OF FUNDS Total funds brought forward 13,846 - TOTAL FUNDS CARRIED FORWARD 10,161 - |
Total funds £ 92,961 5,981 90,665 96,646 (3,685) 13,846 10,161 |
|---|---|
continued...
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Orkidstudio
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Plant and | ||||
| machinery | ||||
| £ | ||||
| COST | ||||
| At 1 January 2024 and 31 December 2024 | 3,533 | |||
| DEPRECIATION | ||||
| At 1 January 2024 | 2,229 | |||
| Charge for year | 490 | |||
| At 31 December 2024 | 2,719 | |||
| NET BOOK VALUE | ||||
| At 31 December 2024 | 814 | |||
| At 31 December 2023 | 1,304 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Trade creditors | 4,020 | 4,020 | ||
| Other creditors | 1,609 | 2,363 | ||
| 5,629 | 6,383 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,161 | (1,392) | 8,769 | |
| TOTAL FUNDS | 10,161 | (1,392) | 8,769 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,458 | (2,850) | (1,392) | |
| TOTAL FUNDS | 1,458 | (2,850) | (1,392) |
continued...
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Orkidstudio
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 13,846 |
(3,685) | 10,161 |
| TOTAL FUNDS 13,846 |
(3,685) | 10,161 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 2,296 |
(5,981) | (3,685) |
| Restricted funds | ||
| Buildher 90,665 |
(90,665) | - |
| TOTAL FUNDS 92,961 |
(96,646) | (3,685) |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.1.23 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 13,846 |
(5,077) | 8,769 |
| TOTAL FUNDS 13,846 |
(5,077) | 8,769 |
| A current year 12 months and prior year 12 months combined net movement in funds, | A current year 12 months and prior year 12 months combined net movement in funds, | included in the above | are as follows: |
|---|---|---|---|
| Incoming | Resources |
Movement | |
| resources | expended |
in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,754 | (8,831) | (5,077) |
| Restricted funds | |||
| Buildher | 90,665 | (90,665) | - |
| TOTAL FUNDS | 94,419 | (99,496) | (5,077) |
continued...
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Orkidstudio
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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