CEDE FOUNDATION · CEDE Foundation has a recruitment and induction policy which includes all new Trustees, involving skills and knowledge. CEDE Foundation policy requires that Trustees

CEDE FOUNDATION

Annual Reports &

Accounts

September 30 2015

Trustee Report and Financial Statements October 2014 – September 2015

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Contents

Corporate Directory -------------------------------------------------------------------------------------2

Report of the Directors / Trustees:

Structure, Governance and Management --------------------------------------------------3

Objective Activities -------------------------------------------------------------------------------4

Message from Chair and Chief Executive ---------------------------------------------------5

Achievements and Performance --------------------------------------------------------------6

Financial Review----------------------------------------------------------------------------------13

Our Five Year Strategic Plan Goals-----------------------------------------------------------14

Directors’ Responsibilities ---------------------------------------------------------------------15

Independent Examiner’s Report --------------------------------------------------------------------16

Statement of Financial Activities -------------------------------------------------------------------17

Balance Sheet -------------------------------------------------------------------------------------------18

Notes to the Financial Statements-----------------------------------------------------------------19

Thank You -----------------------------------------------------------------------------------------------26


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Corporate Directory

Company number 06571807 Charity number 1126753 Operational Address Unit 96, Cariocca Business Park, Miles Platting, Manchester M40 8BB Registered office 35 Brook Avenue

Manchester M19 3DQ

Trustees Trustees as at September 30, 2015 Dr. (Mrs) Chipiliro Kalebe Mr. Bernard Nwaiwu Mrs. Ibironke Osakue Mr. Stanley Innocent Mrs. Stella-Maris Nwaiwu Mr. Kingsley Sheteh Newuh Eng. Peter-Claver Nwaiwu Professional Advisers Principal professional advisers are; Independent Examiner Olabode Olusola Top-Buds (Chartered Accountants) 12 Saxon Shore Kemsley, Sittingbourne Kent ME10 2UP

Principal Clearing Bankers The Co-operative Bank Plc Business Direct Skelmerdale England WN8 6WT


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Structure, Governance and Management

Governing Document The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated April 21, 2008, as amended by a special resolution dated July 18, 2015, and a change of name resolution dated July 18, 2015. It is registered as a charity with the Charity Commission.

The Directors have the power to admit any constituted organisation or individual who shares the vision of the charity to membership and also has the power to remove members. All members have agreed to contribute a sum not exceeding £1 in the event of the charity being wound up. Trustees may permit any member to retire provided that after such retirement the number of members is not less than two.

Appointment of Directors and Trustees The Directors, who are the Trustees, are appointed by the members at the annual general meeting and are collectively known as the Board of CEDE Foundation. At each AGM, one-third of the Directors retires by rotation, being the longest in office. They are eligible for re-election. Other than a retiring trustee, the only people eligible for election as trustees are those either nominated by the Board or by a member giving not less than 14 and not more than 35 clear days’ notice of the intention to propose a person for election. The Charity, by ordinary resolution, or the Trustees, may appoint a person who is willing to act, to fill a vacancy, providing that a Trustee so appointed shall hold office only until the next AGM.

Trustee recruitment, induction and training CEDE Foundation has a recruitment and induction policy which includes all new Trustees, involving skills and knowledge. CEDE Foundation policy requires that Trustees undergo regular refresher course on child protection forwarded to Trustees.

Organisation The Board, which must not be less than two members, administers the Charity and meets as necessary, usually six times a year. There are sub-committees which meet more regularly and report to the full Board. The day to day operations of the Charity is the responsibility of the Chief Executive, Bernard Nwaiwu, to whom the Trustees have delegated authority for the day to day operational matters including finance, employment and development, within the overall strategy agreed by the Board of Trustees.

Risk Management The Board has undertaken a review of the major risks to which the company is exposed and established systems and processes to mitigate those risks. The major financial risks facing the charity are – changes in funding streams, sustainability of projects and changes in local and government policy. Risks to funding are considered as part of the business planning process. The sustainability of projects is to be mitigated by consistent dialogue with partners and funders. Each project has its own business and strategic plan. Internal risks are mitigated by processes that are accountable and monitored. Such procedures are reviewed to ensure the company meets its legal and operational objectives.

Public Benefit The trustees annually review the membership of the organisation and the objectives within the memorandum. This review also looks at the services offered by the charity and the benefits to the public. The trustees have referred to the guidance of the charity commission and in the context of planning future activities to ensure they contribute to the aims and objectives of the organisation. The trustees will refer to the public benefit test against the aims and objectives of the charity and about the specific services the charity offers to the public.


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The Charity’s objectives, as described in the CEDE Foundation Memorandum and

Articles of Association are

(1) the advancement of education and training

(2) the prevention and relief of poverty, sickness and

distress, including through humanitarian intervention

(3) the promotion of good health

(4) to promote human right and equality and diversity,

in particular where to do so contributes to the prevention and relief of poverty

(5) to act as a resource for young people by providing advice and assistance and organising programmes of educational and other activities as a means of

advancing in life and helping young people by developing their skills, capacities and capabilities to

enable them to participate in society as independent, mature and responsible individuals

(6) to advance environmental protection,

improvement and sustainability, in particular where to do so contributes to the prevention and

relief of poverty

Our mission is to overcome poverty by

empowering people and developing

sustainable communities.

To achieve this, CEDE Foundation:

1. Provides skills training interventions to support economically inactive individuals, job seekers and marginalised groups, through various ‘skills for work’ and ‘lifelong skills’ training which helps economically inactive individuals, job seekers and marginalised groups to move closer to employment as well as overcome social segregation.

2. Provides advice, assistance and various programmes to help young people to develop their skills, capacities and capabilities, to enable them participate in society as independent, mature and responsible individuals.

3. Engages actively in regeneration, recycling and reuse initiatives as a strategy to sustainability and poverty reduction.

4. Provides personalised solutions to the needs and circumstances of people who experience multiple deprivations, by providing a range of early intervention support that prevents the escalation or clustering of disadvantage which response to the interrelated nature of factors that lead to the clustering of disadvantages.

5. Works with other organisations to address social needs, challenge inequality and promote Social Inclusion and Social Mobility.

Objectives and Activities


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Message from Chair and Chief Executive

Last year was a pivotal year for the charity. In July 2015, the Board of the charity passed a special resolution to change the name of the charity to ‘CEDE Foundation’ following a strategic review of the charity.

We also committed ourselves in the year 2015 to an ambitious development plan designed to enhance our contribution to social justice and social mobility through five interlinking fronts which include; Social Inclusion; Regeneration and Recycling; Employment and Skills Development; Arts, Culture, and Heritage; Active Citizenship and Democratization. This commitment has started producing good results.

In December 2015, the charity started her first regeneration initiative in Ordsall Salford City Council; that would transform the disused Former St Ignatius Rectory into a community centre through which a range of early intervention support would be provided to prevent the clustering of disadvantage in the multiple deprived Ordsall neighbourhood.

We have received accreditation under the ‘European Union programme for education, training, youth and sport’ (Erasmus+) to deliver learning mobility projects. This accreditation is expected to provide a joined up support to the charity’s youth empowerment initiatives.

The accreditation of the charity as a provider of AQA Unit Award Scheme (UAS) courses has tremendously helped the charity to deliver accredited employability skills support to long-term unemployed people, including young NEET as well as hard to reach individuals and communities.

To ensure the sustainability of our projects, we will continue to explore the use of social enterprise model in tackling the social challenges which face the communities we work in and to create employment opportunities.

The increasing number of young people who are radicalised daily possess significant challenge to the society. It, however, presents a clear opportunity for voluntary sector organisations who engage with young people to integrate deradicalisation initiatives into their programmes. We have made a commitment to increase the willingness and effectiveness of youth participation as active citizens by providing inclusive access to participatory opportunities and skills development initiatives, through non-formal education. It also places a responsibility on us to become vigilant in alerting the authorities to individuals believed to be at risk of extremism. In 2015, the charity’s deradicalisation policy was approved by the board.

To deliver our ambitious strategy in a complex and fast-moving economic environment, it is more important than ever that we extend our range of supporters, partners and champions. We will also seek visionary addition to the Board by bringing in directors who are innovative and who will take us forward in this exciting next phase of the charity’s development.

We will continue to mainstream gender equality initiatives in all of our programmes, recognising the importance of women empowerment in securing a brighter future for young people.

We’re delighted to report an increase in our number of regular supporters, including support from institutional donors and corporate partners. This made a huge difference to the work of the charity. It all amounted to increased revenue.

Everything that is reflected in the following pages of this report is the result of a passionate community of supporters who believe in what we do and to ensure their sustainability.

Chipiliro Kalebe (PhD) Bernard Nwaiwu Chair of Trustees Chief Executive Officer


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Achievements and Performance

Partnership and Strategic Working CEDE Foundation continued to undertake significant work with our strategic partners within the public and voluntary sectors. During the year, the charity also signed two key private sector partnerships and these will support our commitment to widening participation and inclusivity through our outreach programmes and projects.

The Erasmus+ programme has also opened up a new range of strategic voluntary sector partnership opportunities from across Europe. The opportunity presented would help us in strengthening the quality and capacity of our project delivery through cross-border collaboration. We believe that we improve and grow stronger by listening to, and learning from, others. Working with our partners, we will expand our knowledge and experience of programme development and delivery.

Doris Oyegade a participant in the “Access to skills and training (Empowering people and communities)” receiving certificate of achievement from Cllr Basat Sheikh (Manchester Councillor for Levenshulme Ward)

Employability and Skills Our employability and skills programme bridges the barriers which prevent people from accessing learning or gaining employment, including lack of confidence and motivation, Low self-esteem, less motivation to work.

Evidence from our learners shows that participation in our employability and skills development programme “Access to skills and training (Empowering people and communities)” extensively contributed to individual and community wellbeing.

The case study of Joshua Box, who was referred to our ‘website design’ training by Northmoor Community Association, proves that not only did the training equipped Joshua Box with numerous transferable skills, it also gave him the opportunity to secure a qualification (Joshua Box achieved a level 3 in Website Design) and a job at Northmoor Community Association, job stability, a guaranteed career progression and a high quality of working experience.

Josh Box receiving certificate of achievement from Cllr Basat Sheikh (Manchester Councillor for Levenshulme Ward)


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Benefits I have so far derived from CEDE Foundation Employability Skills

Before I started the course, I only had basic computing skills. Through the course, I have learnt a lot and I have also acquired the skills to help me design and manage my business website through which people will be able to know more about what I do as well as contact me specifically for storytelling. It is an excellent experience that is going to help me and it is also skills for life as well. I am appreciative of the support from CEDE Foundation and to the Players of Postcode Lottery.

Doris Oyegade - Manchester

Project by Josh Box. Project: Northmoor Community Association (www.northmoorcommunity.co.uk)

People have better chances in life

Our training are designed to provide core transferable skills of Communication (Writing, speaking, listening, using communication tools like email appropriately), Critical thinking (Analysis, problem-solving, strategic planning, decision-making), Self-management (Good time management, organizational skills, self-motivation, responsible and dependability) and Interpersonal (Understanding, diplomatic, discreet, supportive, assertiveness). Our training programs also help learners to build their confidence to take up employment in various industries.


http://www.northmoorcommunity.co.uk/


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Monika Rajani – Eccles in Salford

Following the successful completion of her twelve weeks internship / employability skills programme with CEDE Foundation, Monika Rajani from Eccles in Salford City Council moved on to become a volunteer / project support staff for the charity.

Monika Rajani has so far delivered a number of projects for CEDE Foundation, including the ‘I am Beautiful (Positive Thinking)’ as part of the 2016 International Women Day events for CEDE Foundation.

Monika says that the motivation and confidence building support that she received from CEDE Foundation has motivated her to become a changed person to stay positive, and believe in herself.

Women Empowerment Initiatives CEDE Foundation women empowerment initiatives are designed to connect women across generations, and to advocate and educate with the outcome of increasing the number of empowered women across all walks of life.

Women’s economic empowerment is an issue of global importance. When you empower a woman, you drive development both within and beyond her own household.

CEDE Foundation aims to ensure that all of its programmes strengthen women’s empowerment and gender equality by putting women’s rights at the heart of our work and transforming the balance of power between women and men.

Connecting Women Across

Generations

Monika Rajani receiving certificate of achievement from Cllr Basat Sheikh



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CEDE Foundation International Women's Day Self Defence Class, at Church of the Ascension - Clarence Road Lower Broughton, Salford,

M7 1AG

CEDE Foundation’s International Women’s Day – Title: Empowering Women, Overcoming Barriers to Self-Fulfilment at the Cariocca Business

Park 2 Sawley Road Manchester, M40 8BB.

CEDE Foundation International Women's Day - I am Beautiful (Positive Thinking). Featuring meditation, yoga exercises, social networking, peer activities, at Levenshulme Inspire Centre 747 Stockport Road, Manchester, M19 3AR.



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The Birches Specialist Support School at the CEDE Foundation 2015 SEN Schools Singing Festival held at St Thomas Centre, Ardwick Green North, Manchester M12 6FZ


Music and Health Initiatives CEDE Foundation’s music and health initiatives are designed to bring the benefits of music to as many people as possible. The charity brings a broader range of musical opportunities to more people through flexible short-term projects that include ‘Music Therapy’.

The charity’s ‘Music Therapy’ projects deliver therapeutic music sessions in Special Education Need (SEN) schools across Greater Manchester. They are particularly aimed at those who might find it difficult to access music without tailored and sensitively delivered music services.

CEDE Foundation is currently working with 16 Special Education Need (SEN) schools across Greater Manchester to deliver therapeutic music sessions. A project funded by OneFamily Foundation.

Promoting inclusiveness

in music education


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Lisburne Special School Stockport at the CEDE Foundation 2015 SEN Schools Singing Festival held at St Thomas Centre, Ardwick Green North, Manchester M12 6FZ.

We provide personalised solutions to the needs and circumstances of people who

experience multiple deprivations, by providing a range of early intervention support that prevent the escalation of

disadvantages



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Cross section of pupils at the CEDE Foundation 2015 primary schools’ singing festival held at the Irish World Heritage Centre Cheetham Hill, Manchester.


Failsworth School at the CEDE Foundation Music Excellence Award.

In 2015, over 1,500 primary school pupils from schools across Greater Manchester

participated in the CEDE Foundation 2015 Greater

Manchester Singing Festival Events held across three centres in Manchester, Trafford, and Rochdale


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In 2014/15, incoming resources totalled £60,649, an increase of £8,526 (16%) on the previous year (£52,122). Income continues to increase year-on-year, this success being achieved by diversifying our income streams through bidding for specific projects, and our fundraising efforts, which have generated new funds. The charity recorded 57% increase in Social action programme income while a decrease of 33% and 37% where recorded for gifts in kind and overseas programme income respectively over previous year’s figures.

The charity’s expenditure for the year totalled £49,292, a decrease of £6,431 (2%) on the previous year (£50,455).

Reserves Policy The trustees regularly monitor the level of reserves to ensure that there are sufficient resources available to satisfactorily carry out the planned activities of the charity and to fulfil all contractual, statutory and legal obligations. The trustees may as part of their review and monitoring procedures allocate a proportion of unrestricted reserves to the charity’s programme work or towards building up a reserve fund. The trustees are satisfied that there will be sufficient resources available to meet future planned expenditure. The fund balances totalled £17,586 (2014: £6,229) at the year-end of which £17,352 (2014: £4,175) is restricted, while £234 (2014: £2,054) is unrestricted.

Going Concern We have set out above a review of financial performance of the charity. We have also made financial projections, which has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. We have adequate financial resources and are able to manage our business risks.

We have a reasonable expectation that we have adequate resources to continue in operational existence for the foreseeable future.

Financial Review


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Our Five Year Strategic Plan Goals

Our priorities for 2016-2020 reflect the need to diversify our income sources to sustain the delivery of our services. It also reflects our commitment to provide solutions to the needs and circumstances of people who experience multiple deprivations, by providing a range of early intervention support that prevents the escalation of disadvantage for them. This commitment necessitated a profound strategic review of the charity in 2015. The outcome of the review led to a change of name of the charity as well as a change of our mission statement.

Our mission is to overcome poverty by empowering people and developing

sustainable communities.

These priorities are framed around five delivery areas which include:

1) Social Inclusion

2) Recycling and Regeneration

3) Education, Employment and Skills Development

4) Active Citizenship and Democratization

5) Arts, Culture and Heritage.

These delivery areas do not cover all of the charity’s work, rather, they are the key broad areas where it has been agreed that we needed to develop to accelerate the attainment of the charity’s overall objectives.

HOW WE’LL ACHIEVE THESE AIMS To achieve these targets, we’ll focus on five key areas:

Improve Programme Quality - Improving quality of our programmes is fundamental to achieving greater and lasting change. In 2016-2020, our core strategy to ensure consistent high quality of our programmes will include; regular training of our staff, commitment to quality by top management,

regular quality circles and ensure we have the right attitude to work. Our minimum acceptable standards and good practice guidelines will continue to inform how all staff and trustees carry out their responsibilities. These standards will be reviewed and updated on regular basis.

Simplify Our Procedures – We will continue to streamline our procedures so that all staff, volunteers and trustees are clear on what is expected of them at all times and the extent of their decision-making. We will also strengthen our internal control processes as well as reduce our cost of operation.

Strengthen Relationship with Partners – In 2016-2020, we will strengthen our relationship with partners especially in the area of project delivery, capacity building and fund raising. We will also develop new partnerships that will accelerate the attainment of the charity’s objectives.

Regular Review of our Strategies – We will continue to carry out periodic review of our strategies to ensure they help us deliver the aims of the charity in the most economical, efficient and effective manner. We will also mobilise more volunteers who will be crucial in driving our community engagement initiatives.

We will also develop ways of raising funds to support existing activities and growth plans while developing our people, systems and operating methods to ensure that they adequately support CEDE Foundation’s activities, growth and development.

Salford Hope Centre Initiative – In 2016-2020, we will vigorously pursue the development of the Salford Hope Centre Initiative, which aims to transform the disused Former St Ignatius Rectory and St Ignatius Former Church in Ordsall Salford into a community centre and support hub for Salford residents who experience various forms of deprivation.


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The trustees (who are also directors of the CEDE Foundation for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:-

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards 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 that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware: -

there is no relevant material information of which the charitable company’s Independent Examiners are unaware; and

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant material information and to establish that the Independent Examiners are aware of that information.

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.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 September 2015 was 7 (2014: 7). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Top-Buds (Chartered Accountants), the company’s auditors, have confirmed that they are willing to continue in office. A resolution to re-appoint the auditors will be proposed at the Annual General Meeting.

The trustees’ report was approved by the trustees on 15th April 2016 and signed on their behalf by:-

Chipiliro Kalebe (PhD) Bernard Nwaiwu Chair of Trustees Chief Executive Officer 15th April, 2016 15th April, 2016

Directors’ Responsibilities


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I report on the accounts of CEDE Foundation, for the year ended 30 September 2015, which are set out on pages 17 to 25.

Respective Responsibilities of Trustees and Independent Examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. For the year under review, CEDE, was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and in accordance with section 476 of the Companies Act 2006, and that an independent examination is needed. The charity's gross income was less than £250,000 and I am qualified to undertake the examination being a qualified member of the Association of Chartered Certified Accountants.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

1. examine the accounts under section 145 of the 2011 Act;

2. to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

3. to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking such explanations from you as trustees

concerning any matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

to prepare accounts in accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Olabode Olusola Top-Buds (Chartered Accountants) 12 Saxon Shore Kemsley, Sittingbourne Kent ME10 2UP

April 11, 2016

Independent Examiner’s Report


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Notes Unrestricted

funds Restricted

funds

30 September

2015

30 September

2014

£ £ £ £

Incoming resources

Incoming resources from generated funds:

Voluntary income:

Donations and gifts 2 2,553 15,100 17,653 1,259

Gifts in kind 3 1,000 700 1,700 18,910

Incoming resources from charitable activities:

Social action programme income 4 2,000 38,273 40,273 10,765

Overseas programme income 5 - - - 19,096

Other incoming resources 6 354 669 1,023 2,093

Total incoming resources 5,907 54,742 60,649 52,122

Costs of Generating Funds

Costs of raising voluntary income (7a) 964 3,494 4,458 465

Fundraising trading costs (7i) - 39 39 179

Total cost of generating funds 964 3,532 4,496 644

Net incoming resources available for charitable applications

4,943 51,210 56,152 51,478

Charitable activities

Education and skills development (7b) 2,532 13,123 15,655 27,536

Livelihoods and Employability (7c) 1,970 11,449 13,419 8,849

Campaign and active citizenship (7d) 394 2,290 2,684 2,226

Environment and sustainability (7e) 985 5,725 6,709 5,530

Equity (gender and diversity) (7f) 328 1,908 2,236 2,005

Life, security and identity (7g) 228 1,773 2,001 2,989

Total charitable activities 6,436 36,268 42,704 49,135

Governance costs (7h) 327 1,765 2,092 675

6,763 38,033 44,796 49,811

Total resources expended 7,727 41,565 49,292 50,455

Net (outgoing)/incoming resources (1,820) 13,177 11,357 1,668

Gross transfers between funds - - - -

Net incoming / (outgoing) resources before other recognised gains / (losses)

10 (1,820) 13,177 11,357 1,668

Other recognised gains/(losses) - - - -

Gains / losses on revaluation of fixed assets for the charity’s own use

- - - -

Net movement in funds (1,820) 13,177 11,357 1,668

Total funds brought forward 14 2,054 4,175 6,229 4,561

Total funds carried forward 14 234 17,352 17,586 6,229

Statement of Financial Activities for the Year Ended 30 September 2015 (INCORPORATING AN INCOME & EXPENDITURE ACCOUNT)


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Notes Unrestricted

funds

Restricted

funds

30 September

2015

30 September

2014

£ £ £ £

Fixed assets

Tangible assets 13 389 2,397 2,787 2,067

389 2,397 2,787 2,067

Current assets

Stock - - - -

Debtors 9 - 5,676 5,676 332

Cash at bank and in hand 8 180 9,992 10,172 9,087

180 15,668 15,847 9,419

Creditors: amounts falling due within one year 11 - (221) (221) (4,673)

Net current assets 180 15,446 15,626 4,746

Total assets less current liabilities 569 17,844 18,413 6,813

Creditors: amounts falling due after one year 12 (335) (492) (827) (584)

Provisions for liabilities and charges - - - -

Total net assets 234 17,352 17,586 6,229

Funds of the Charity

Unrestricted funds 14 234 - 234 2,054

Restricted funds 14 - 17,352 17,352 4,175

Total funds 234 17,352 17,586 6,229

The accompanying notes are an integral part of this balance sheet

For the year ending 30 September 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

Dr. (Mrs.) Chipiliro Kalebe Mr. Bernard Nwaiwu Chair of Trustees Chief Executive 15th April, 2016 15th April, 2016

Balance Sheet as at 30 September 2015


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Investment income and gains are allocated to the appropriate fund.

d. Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income, is reasonably certain of receipt and the amount can be measured with sufficient reliability.

In accordance with the SORP, no value has been attributed to the work performed by volunteers, although their work is considered vital to the activities of the charity.

e. Donations and gifts Donations and gifts consist of the total donations from individuals, trusts and corporates, along with income from fundraising events.

f. Gifts-in-kind Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to projects. Gifts-in-kind include food, clothing and books. Undistributed gifts in kind are not recognised in the SOFA but an estimate of their value has been given in the notes. The gifts in kind are valued by officers of CEDE Foundation with regard to market prices when distributed to beneficiaries.

Gifts-in-kind including properties, investments, and other fixed assets donated to the charity, are recorded as ‘Voluntary income’ at market value at the time of receipt. Donated services and facilities are included as ‘Voluntary income’ at their estimated value to the charity when received, and under the appropriate expenditure heading depending on the nature of service or facility provided, at the same value and time.

g. Legacies Recognition of legacy income is dependent on the type of legacy, with pecuniary legacies recognised when notification is received and residuary legacies when the final accounts under the will are received.

1. Accounting Policies

a. Accounting conventions The financial statements have been prepared under the historical cost convention and on an accruals basis. The Financial Statements have been prepared in compliance with Accounting and Reporting by Charities: Statement of Recommended Practice 2005 (Revised 2008) (‘the SORP’), and applicable accounting standards in the United Kingdom. The financial statements have been prepared on a going concern basis as discussed in the trustees’ report on page 13.

The charity has adjusted the formats from those prescribed by the Companies Act 2006 to include headings that are relevant to its activities, to enable it to show a true and fair view. No separate Statement of Financial Activities (SOFA) is presented for the charity itself as permitted by section 408 of the Companies Act 2006 and paragraph 397 of the SORP. The principal accounting policies, which have been applied consistently in the year, are set out below.

b. Company status The charity is a company limited by guarantee. The members of the company are the trustees named on page 2. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

c. Fund accounting

General reserves are unrestricted funds that are available for use at the Trustees’ discretion in furtherance of the objects of the charity.

Designated funds are set aside at the discretion of the trustees for specific purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the charity for particular purposes. Costs are charged against the specific fund in line with donor rules. An analysis of each restricted fund is set out in the notes to the financial statements.

Notes Forming Part of the Financial Statements


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financing are allocated across the categories of charitable expenditure, governance costs and the costs of generating funds.

j. Tangible fixed assets and depreciation All expenditure of a capital nature on development work overseas is expensed as incurred, while tangible fixed assets in the UK costing more than £100 are capitalized and included at cost, including any incidental expenses of acquisition. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost by equal annual installments over their expected useful economic lives as follows:

Computer infrastructure 5 years Computer equipment 4 years Furniture, fixtures and equipment 4 years

Impairment reviews are conducted when events and changes in circumstances indicate that an impairment may have occurred. If any asset is found to have a carrying value materially higher than its recoverable amount, it is written down accordingly.

k. Provisions Provisions for liabilities are recognised when there is a legal or constructive obligation for which a measurable future outflow of funds is probable.

l. Finance and operating leases Instalments on operating lease contracts are charged to the SOFA on a straight-line basis over the life of the lease.

m. Stocks Bought-in goods are valued at the lower of cost and net realisable value. Unsold donated items are not included in closing stock since their cost is nil and their value is uncertain until sold. Charitable supplies are valued at cost, with obsolete stock written off. Goods in transit to UK or overseas projects are removed from stock and included in programme expenditure when released from the warehouse or moved to processing centre for onward distribution or transfer to the beneficiary overseas country.

Accounting Policies (continued)

Reversionary legacies are not recognised during the lifetime of the original beneficiary under the will. Specific legacies are recorded as ‘gifts-in-kind’ and recognised when distributed to intended beneficiaries or when put in used by the charity.

h. Gift aid Gift Aid tax reclaims is recognised for any Gift Aid certificates received up to two months after the year-end, in relation to donations made prior to the year-end, where the Gift Aid tax reclaim application was filled to HMRC prior to the year-end.

In many cases costs are incurred on projects before the relevant restricted income is received. Therefore, unless contrary to a donor’s wishes, interest income generated from restricted funds is treated as unrestricted, to cover the pre-financing costs incurred.

i. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are those incurred in seeking voluntary income and do not include the costs of disseminating information in support of the charitable activities.

Charitable expenditure includes grants payable and costs incurred directly by CEDE Foundation in the furtherance of its charitable objectives, along with associated support costs. Governance costs relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity.

Included within this category are costs associated with internal audit and risk, as well as external audit costs, as opposed to day-to-day management of the charity’s activities.

Support costs, such as general management, information technology, human resources and



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2. Donations and gifts Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014

£ £ £ £

Individual giving 2,172 15,100 17,272 677 Community fundraising 381 - 381 582

2,553 15,100 17,653 1,259

3. Gift in kind Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014

£ £ £ £

Corporate - - - 18,910

Colleges and Schools 1,000 - 1,000 -

Individual giving - 700 700 -

1,000 700 1,700 18,910

The estimated amount of in-kind donation for which the charity has received for the purpose of raising funds for charitable operations, but which has not been sold as required was £26,500. This has not been included in these accounts.

4. Social action programme income Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014

£ £ £ £

Project grant - 38,149 38,149 8,765 Corporate fundraising 2,000 124 2,124 2,000

2,000 38,273 40,273 10,765

5. Overseas programme income Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014

£ £ £ £

Individual - - - 1,090 Colleges and Schools - - - 4,500 Trusts and major donors - - - 13,506

- - - 19,096



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6. Other income Unrestricted

funds Restricted

funds

30 September

2015

30 September

2014 £ £ £ £

Events and registration fees - 669 669 1,557 Gift aid reclaim 354 - 354 536 Bank interest 1 - 1 536

354 669 1,023 2,093

7. Resources Expended

Direct project

cost Depreciation

Gift in kind

Allocation to support

cost

Year to September

30, 2015

Year to September

30, 2014

£ £ £ £ £ £

Cost of generating funds (7a)

Cost of raising voluntary income 618 43 - 506 1,167 268.20

Others 1,154 60 700 1,376 3,291 196.52

1,772 104 700 1,882 4,458 464.71

Charitable activities

Education and skills Dev. (7b) 12,086 362 1,000 1,519 14,967 27,536

Livelihoods (7c) 11,217 60 - 1,265 12,543 8,849

Campaign and awareness (7d) 2,243 86 - 304 2,633 2,225

Environment and sustainability (7e) 5,608 173 - 759 6,540 5,530

Equity (gender and diversity) (7f) 1,869 43 - 253 2,166 2,005

Life, security and identity (7g) 3,365 35 - 456 3,855 2,989

36,389 759 1,000 4,556 42,704 49,135

Governance (7h) 2,092 - - - 2,092 675

Fundraising trading costs (7i) 39 - - - 39 179

Total resources expended 40,292 863 1,700 6,438 49,292 50,454



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Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014 7h. Governance costs £ £ £ £

Audit / Independent Review - 500 500 250 Statutory Registrations and Fees - 58 58 13 Membership and Accreditation 87 273 360 45 Insurance and Risk Management 240 150 390 367 Accounting and Financial Controls Systems - 785 785 -

327 1,765 2,092 675

8. Cash at bank and in hand Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014 £ £ £ £

Bank 180 9,992 10,172 9,087 Cash - - -

180 9,992 10,172 9,087

9. Debtors Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014

£ £ £ £

Grant debtors - 5,000 5,000 - - - -

- 5,000 5,000 -

Prepaid Rent - 332 332 332 Prepaid Insurance - 210 210 - Prepaid Certificate Awards - 133 133 -

- 676 676 332

Others Debtors - - - -

Total debtors - 5,676 5,676 332



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10. Net incoming/ (outgoing) resources Unrestricted funds

Restricted funds

30 September 2015

30 September 2014

£ £ £ £

This is stated after charging:

Depreciation of owned fixed assets - 863 863 683 Audit / Independent Review - 500 500 250 Statutory Registrations and Fees - 58 58 13 Membership and Accreditation 87 273 360 45 Insurance and Risk Management 240 150 390 367 Accounting and Financial Controls Systems - 785 785 -

327 2,628 2,955 1,358

11. Creditors

Unrestricted funds

Restricted funds

30 September 2015

30 September 2014

Amount falling due within one year £ £ £ £

Trade Creditors - 221 221 257

Other Creditors - - - 3,250

- 221.28 221 4,673

12. Creditors Unrestricted

funds Restricted

funds 30 September

2015 30 September

2014 Amount falling due after more than one year £ £ £ £

Directors Loans 335 - 335 - Trade Creditors - 492 492 584

335 492 827 584



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Balance

B/F Addition Disposal Depreciation

Unrestricted funds

Restricted funds

30 September

2015

30 September

2014 13. Fixed Assets £ £ £ £ £ £ £ £

Computer and Internet Resources

1,980 1,140 - 723 - 2,397 2,397 1,980

Office Equipment 87 442 - 139 389 - 389 87

2,067 1,582 - 863 389 2,397 2,787 2,067

14. Fund Movements

At 1 October 2014

Incoming resources

Outgoing resources

Transfers At 30 September

2015

£ £

Restricted Funds

-

Capital Projects - (Building) - 5,409 5,409

Designated Funds 4,175 49,333 (41,565) 11,943

4,175 54,742 (41,565) - 17,352

Unrestricted Funds

General Funds 2,054 5,907 (7,727) 234

2,054 5,907 (7,727) - 234

Total Funds 6,229 60,649 (49,292) - 17,586

15. Taxation The charity is exempt from tax on income and gains falling within S505 of the Income & Corporation Taxes Act 1988 (ICTA 1998) or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.



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CEDE Foundation would like to take this opportunity to recognise the enormous contribution of our volunteers. Very generously they give up their time and salaries in order to share their expertise in our programmes and projects. Without them, our work would not be possible. We would like to recognise and thank a very important but often unheralded group of supporters whose gifts have made a huge contribution to CEDE Foundation’s work. CEDE Foundation could not function without these supporters’ generosity and that of others who give regularly to CEDE Foundation. We have received an enormous amount of pro bono support and gifts in kind (see note 3) during the year from companies and our corporate partners. This type of support is invaluable in enabling us to achieve our goals. We would also like to thank our other large funding partners, including those not individually listed below, for their continued vital support of our work. Also, we are grateful to the group of individual donors who have given their generous personal support.

Thank You

Documents

CEDE FOUNDATION · CEDE Foundation has a recruitment and induction policy which includes all new Trustees, involving skills and knowledge. CEDE Foundation policy requires that Trustees