2022-01-31-accounts - Soteria Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 02 21 To 31 01 22

Section A Reference and administration details

Charity name Soteria Trust

Other names charity is known by Registered charity number (if any) 1040766 Charity's principal address Soteria Trust 39 North Street Emsworth, Hampshire Postcode PO10 7DA

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Michael Mellows	Chair
	Robin Kemp
	Andreas Economides

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Charitable Trust Deed

(eg. trust deed, constitution)

How the charity is constituted Trust (Reg. Charitable Trust) (eg. trust, association, company)

Trustee selection methods Appointed by Director (A. Economides) and two Trustees (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;

The Soteria Trust staff consists of the founding director, 1 full-time administrator/PA, 1 part-time administrator, accounts manager (1 day/week). Soteria uses voluntary workers as and when needed and occasionally seeks professional advice. The trustees delegate the day to day running of the charity to the director and meet regularly. New trustees to be appointed in the future are required to contribute in three specific areas: work, wisdom and wealth (directly and/or indirectly).

relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The objectives: the advancement of the Christian faith and religious/moral education and the provision of charitable works in the UK Summary of the objects of the and abroad. The provision of educational scholarships and sponsorships charity set out in its to the poor to secure employment. The provision or maintenance of governing document schools or colleges.

TAR

March 2012

Andy Economides spoke and trained at ‘events’ across the UK and overseas. Throughout the year Soteria Trust continued to oversee the development of the Soteria Business School in Ibadan, Nigeria, West Africa.

Public Benefit: Soteria Trust operates for public benefit through;

Teaching at Christian church services and events in the UK and overseas.
Training in Christian discipleship, outreach and mentoring church leaders in the UK.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Provision of a secretarial and business school at Ibadan, Nigeria, targeted especially at needy young people.
Provision of children’s sponsorships at Prospect School, Ibadan, Nigeria and Scholarships at the Soteria Business School, Ibadan.

All events and church services are open to anyone to attend, and although voluntary collections are taken at some services, donations are not compulsory. An honorarium or fee is usually charged for Soteria’s attendance at training events, designed to contribute towards the Trust’s costs. No admission fees are charged to participants for attendance at such events, and the fee is paid directly by the sponsoring body. The business school in Nigeria does charge individual fees for education and in some cases provision of accommodation and food. However, these fees are low by comparison with fees charged by similar institutions in Ibadan, and some scholarships are awarded to students who could not otherwise afford the fees, with the scholarships funded mostly by UK donors.

The Trustees are not aware of any harm caused by the Trust which needs to be balanced against benefits. The Trustees have had regard to the guidance on public benefit published by the Charity Commission.

Additional details of objectives and activities (Optional information)

Grant-making policy: Soteria provides for its own charitable works and as such does not encourage others to apply for grants. However, grants are considered by the director. Educational scholarships/sponsorships or other requests for help is asked for mainly from abroad to the director for a decision and is at his discretion. The director may consult the trustees for advice.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Specific investment powers: The Trust Deed allows trustees investment powers as written in section 4.2 of the Deed: Power to invest, and vary the investment of, any money for the time being comprised in the Trust as the Trustees think fit and investments shall be taken to include the laying money for or towards the alteration, improvement, repair or decoration of the property, the acquisition of assets which do not produce income and the purchase of property with a view to its being used for any charitable purposes.

TAR

March 2012

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Soteria Trust completed an extensive charity trip to Ibadan, Nigeria (25 Sept – 17 October) to contribute and impact the three educational projects, Soteria Business School (SBS) and Soteria Church. Andy Economides spoke at various meetings and Soteria launched the Soteria Word and Spirit Gatherings once a month often with visiting speakers. New Books: Two books, ‘Restored and Revived’ and ‘He Hates or God Hates~ Malachi 2:16’ were published in March. New Gatherings: Soteria Word and Spirit Gatherings were held monthly (St James Church Hall, Emsworth) from July with guest speaker Rev Anthony Chamberlain. Other gatherings followed with guest speakers Rev Simon Allaby and Rev Tim Saiet. Speaking Engagements: Andy Economides spoke at churches/events in the following places: St James Church, Emsworth (4), Hambledon Methodist (2), Waltham Chase Methodist, and at the Soteria Gatherings. Andy Economides gave three talks at the Philo Associates Retreat in September. Soteria Staff: Mr. Olalekan Adejumo works full-time as Administrator/PA for Soteria. He manages the sponsorship programme and liaises with the Soteria staff and projects in Nigeria. Soteria Charity Trip to Nigeria: Revd Andy Economides and Olalekan Adejumo completed a Soteria Trust three-week charity trip to Ibadan, Nigeria from 25 September 2021. Olalekan, Andy, and the SBS staff spent extensive time at Prospect School with the sponsored children reading letters from their UK sponsors and replying. On return to the UK, the replies were posted to their sponsors in the UK. In Nigeria, parents and children were interviewed and consequently awarded 20 new scholarships for children to attend Prospect School. Three mini-PCs and a screen projector for SBS were taken in suitcases for SBS. Andy Economides spoke at various churches, SBS, and a secondary school. SBS Building Works: The school entrance was repositioned to facilitate safely for vehicles and people entering and leaving. New male and female school toilets and wash hand basins with improved plumbing were installed. Sponsorship Programme: Soteria Trust provides schooling to Nigerian children from 4-18 years and scholarships for young people 16-30 to study at SBS. Soteria Trust also sponsors the 28 staff at the Soteria School. All three different programmes are provided for by individuals that give each month to Soteria Trust. The programmes are growing. Soteria Business School (SBS): Soteria Trust provided many sponsorships for needy young people (costing £10,072) to study at the Soteria Business School (SBS), Ibadan to gain qualifications to secure employment and/or further study. 85% of the student population were on scholarship. SBS has 28 staff funded from UK sponsors. Soteria Trust fundraised £4,600 from UK donors and supporters to renew the Soteria School toilet blocks. SBS is affiliated to Chichester College. SBS also runs ATS1, 2, 3 and sponsorships are awarded each year. Soteria Trust’s objectives for the SBS in Africa is to run and develop the school resulting in needy young people receiving sponsorships. This is being achieved. Soteria Trust donated £36,007 for operational costs to do this. Prospect Children’s School , Ibadan, Nigeria. Soteria Trust raised (through many individual sponsorships) and awarded Prospect Children’s School educational scholarships totalling £15,965. At Prospect 78 children are sponsored through individual sponsorships. Rescuing Children, Nigeria: Soteria Trust provides schooling at New Life School in Ibadan for 8 teenagers rescued from the dangerous North and from poverty. Once these and other children complete their secondary education they will continue their education at the Soteria Business School on scholarship with feeding and living in the dormitories.

TAR

March 2012

Section E Financial review

It is the policy of the charity that unrestricted funds which have not been Brief statement of the designated for a specific use should be maintained, if possible, at least to a charity’s policy on reserves level equivalent to between three and six months’ expenditure. The trustees consider that the strength of the trust is the large number of regular (small) monthly gifts by bankers’ order. The trust is not generally relying on large donations, which would make the trust more vulnerable.

Details of any funds materially

in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

The Soteria Business School in Africa needs more than £40,000 per year to operate properly. Soteria Trust manages the financial giving to the school in Africa carefully throughout the year. Soteria Trust needs new partners . Historically large one-off gifts to Soteria Trust for the school has been and continues to be vital to the school being established and continuing.

The Soteria Trust teams, often with professional volunteers each year to the Soteria School is a key factor to the wellbeing and success of the school.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Michael Anthony Mellows Position (eg Secretary, Chair, Chairman etc) Date 11/05/2022

TAR

March 2012

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Charity No
Soteria Trust 1040766
(if any)
Annual accounts for the period CC17a
Period end
Period start date 01/02/2021 To date 31/01/2022
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Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 63,791 90,549 154,340 154,225 590 590 669 - - - - - - - - - - - - - - - - - - - -
	64,381 90,549 - 154,930 154,894
	- - - - - 86,012 72,824 - 158,836 109,253 - - - - - - - - - -
	86,012 72,824 - 158,836 109,253

	21,631 - 17,725 - 3,906 - 45,641
	- - - - -
	21,631 - 17,725 - 3,906 - 45,641
	- - - - - 18,316 18,316 - - - - - - - - - - 290,909 - 290,909 -
	3,315 - 290,318 - 287,003 45,641
	322,507 130,448 - 452,955 407,314
	319,192 420,766 - 739,958 452,955

SOFA

Section B Balance sheet

Unrestricted funds £ F01 - 107,171 - -	Restricted income funds £ F02 - 290,909 - -	Endowment funds Total this year £ £ F03 F04 - - - 398,080 - - - -	Total last year £ F05
			- 107,730 - -
107,171	290,909	- 398,080	107,730
- 213,127	- 129,857	- - - - - - - 342,984
			- - - 345,356
213,127	129,857	- 342,984	345,356
			131
1,106	-	- 1,106

212,021	129,857	- 341,878	345,225

319,192	420,766	- 739,958	452,955
			- -
- -	- -	- - - -

319,192	420,766	- 739,958	452,955
- 319,192	420,766	- 420,766 - 319,192 -
			- 130,448 322,507
319,192	420,766	- 739,958	452,955
Signature		M. MELLOWS Print Name	Date of approval dd/mm/yyyy

B Sheet

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support

the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

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The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates

Yes No No changes to a	ccounting	estimates have occurred in the reporting period (3.46 FRS 102 SORP).
		* -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No *Please disclose* *(i) the nature of* *(ii) for each pri* *amount of the c* *affected; and*		* -Tick as appropriate
	: *the prior* *or period* *orrection*	*period error;* *presented in the accounts, the* *for each account line item*

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

N 1

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

PRACTICE
Please provide a description
of the nature of each change
in accounting policy
Start of period £ Fund balances as previously stated *Adjustments:* *Reconcilation of funds per previous GAAP to*	End of period £ *funds determined under FRS 102*
Fund balance as restated
*Adjustments:* *Reconcilation of net income/(net expenditure)* Net income/(expenditure) as previously stated Previous period net income/(expenditure) as restated	End of £ *per previous GAAP to net income/(net expenditure) under FRS 102*

N 2

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.

Yes
No
N/a
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No
N/a
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N 2.2

2.4 ASSETS
Intangible fixed assets
Heritage assets
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Investment gains and
losses
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments

Yes
No
N/a
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No
N/a
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No
N/a
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No
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N/a
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N 2.2

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The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
equivalents with a maturity date less than one year. These include cash on deposit and cash
Current asset investments
equivalents with a maturity date of less than one year held for investment purposes rather than to 
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. 
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
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N 2.2

Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 54,723 77,678 - 132,401 134,410
and legacies: Gift Aid 9,068 12,871 - 21,939 19,815
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 63,791 90,549 - 154,340 154,225
Charitable Book Sales
590 - - 590 669
activities:
- - - - -
- - - - -
Other - - - - -
Total 590 - - 590 669
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset
held for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 64,381 90,549 - 154,930 154,894
Other information:
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year
amounts)
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N 3

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1 Government grant 2 Government grant 3 Other *Please provide details of any* *unfulfilled conditions and other* *contingencies attaching to grants* *that have been recognised in income.* *Please give details of other forms of* *government assistance from which* *the charity has directly benefited.*	Total Description	This year Last year £ £ - - - - - - - -
		- -

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property Other Seconded staff		This year Last year £ £ - - - - - -
		- -

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

TOTAL EXPENDIT Expenditure on charitable activities Other Separate material item of expense Expenditure on raising funds:	Fudraising agents Operating charity shops Incurred seeking grants Investment management costs: Incurred seeking donations Operating a trading company undertaking non-charitable trading activity Investment administration costs Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social lotteries Staging fundraising events Database development costs Other trading activities Analysis Portfolio management costs Intellectual property licencing costs Cost of obtaining investment advice Incurred seeking legacies	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 86,012 72,824 - 158,836 109,253 - - - - - - - - - - 158,836 109,253 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 158,836 109,253

	URE Total other expenditure Total expenditure on charitable activities Total expenditure on raising funds Total

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
Grant
Activity or funding Support Total this Total
Activities undertaken directly
programme of Costs year prior year
activities
£ £ £ £ £
Activity 1
Activity 2
Other
Total
Prior year expenditure on charitable activities
can be analysed as follows:
Within the expenditure items above the
following items are material: (please disclose
the nature, amount and any prior year
amounts)
----- End of picture text -----

N 6

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items Description	This year Last year £ £ - - - - - - - - - -
	- -

Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
----- End of picture text -----

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

Total Description/name of party	This year Last year £ £ - - - - - - - - - - Balance held at period end
	- -

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

----- Start of picture text -----
Basis of
Raising funds Activity 1 Activity 2 Activity 3 Grand total allocation
Support cost (Describe
(examples) £ £ £ £ £ method)
- - - -
Governance
- - - -
- - - -
- - - -
Other - - - -
- - - -
Total
----- End of picture text -----

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year Last year £ £ 0 0 0 0 0 0 0 0

N10

Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits

Total staff costs	This year Last year £ £ 62,451 54,885 155 146 3,048 4,416 - -
	65,654 59,447

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Band	Number of employees
£60,000 to £69,999	NONE
£70,000 to £79,999	NONE
£80,000 to £89,999	NONE
£90,000 to £99,999	NONE
£100,000 to £109,999	NONE

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average head count in the year

The parts of the charity in which the employees work

Fundraising Charitable Activities Governance Other Total	This year Last year Number Number - - 3 3 - - - -
	3 3

N11

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

N11

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

N12

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

----- Start of picture text -----
Grants to Grants to
Analysis institutions individuals Support costs Total
Activity or project 1 £ £
Activity or project 2 - -
Activity or project 3 - -
Activity or project 4 - [ - ]
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions
*Yes* No *TOTAL GRANTS PAID* Purpose Names of institution *My charity has made grants to particular institutions that are material in* *the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on the* *charity's web site.* *Other unanalysed grants* *Total grants to institutions in reporting period*	*Please provide* *details of charity's* *URL.* *Provide details* *below* Total amount of grants paid £ - - - - - - - - - -
	-
	- -

N13

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

----- Start of picture text -----
Freehold land Other land & Plant, Fixtures, Total
& buildings buildings machinery and fittings and
motor equipment
vehicles
£ £ £ £ £
At the beginning of 105,000 - - 25,164 130,164
the year
Additions - 290,909 - 160 291,069
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year 105,000 290,909 - 25,324 421,233
14.2 Depreciation and impairments
Basis SL or RB SL or RB SL or RB RB RB Straight Line
("SL") or
Reducing
Balance
("RB")
Rate 25% 25%
At beginning of the - - - 22,434 22,434
year
Disposals - - -
Depreciation - - - 719 719
Impairment - - - - -
Transfers - - - - -
At end of the year - - - 23,153 23,153
14.3 Net book value
Net book value at the 105,000 - - 2,730 107,730
beginning of the year
Net book value at the 105,000 290,909 - 2,171 398,080
end of the year
14.4 Impairment
Please provide a description of the events and
circumstances that led to the recognition or
reversal of an impairment loss.
----- End of picture text -----*

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight

N14

Section C Notes to the accounts

Note 15 Intangible assets

Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

		Research & development £	Research & development £	Patents and trademarks £	Other £	Total £
At beginning of	the		-	-	-	-
year
Additions			-	-	-	-
Disposals			-	-	-	-
Revaluations			-	-	-	-
Transfers *			-	-	-	-
At end of the year			-	-	-	-
15.2 Amortisation and		impairments
**Basis		SL or RB		SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
	** Rate

At beginning of	the		-	-	-	-
year
Disposals			-	-	-	-
Amortisation			-	-	-	-
Impairment			-	-	-	-
Transfers*			-	-	-	-
At end of year			-	-	-	-
15.3 Net book	value
Nat book value	at the		-	-	-	-
beginning of the year
Net book value	at the		-	-	-	-
end of the year

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

N15

Policies for the recognition of any capital development

15.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model.

15.7 Other disclosures

(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.

* The "transfers" row is for movements between fixed asset categories.

N15

Section C Notes to the accounts (cont)

Note 16 Heritage assets

Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

		asset	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £
At beginning of the year		-	-	-	-	-
Additions		-	-	-	-	-
Disposals		-	-	-	-	-
Revaluations		-	-	-	-	-
Transfers *		-	-	-	-	-
At end of the year		-	-	-	-	-
16.3 Depreciation and impairments
	**Basis						Straight Line ("SL") or Reducing Balance
	** Rate

At beginning of the year		-	-	-	-	-
Disposals		-	-	-	-	-
Depreciation		-	-	-	-	-
Impairment		-	-	-	-	-
Transfers*		-	-	-	-	-
At end of year		-	-	-	-	-
16.4 Net book value
Nat book value at the beginning of the		-	-	-	-	-
year
Net book value at the end of the year		-	-	-	-	-

16.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

qualifications of independent valuer the methods applied and significant assumptions

any significant limitations on the valuation

N16

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the period Additions Disposals Depreciation/impairment Revaluation Carrying amount at the end of period	At valuation Group A At cost Group B Total £ £ £ - - - - - - - - - - - - - - -
	- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets.

(iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

16.9 Five year summary of heritage assets transactions

	2015 2014 2013 2012 2011 £ £ £ £ £
Purchases Group A Group B Group C Other Donations Group A Group B Group C Other Total additions Charge for impairment Group A Group B Group C Other Total charge for impairment Disposals Group A - carrying amount Group B - carrying amount Group C Other Total disposals	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

N16

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of period Add:additions to investments during period Less:disposals at carrying value Less: impairments Add: Reversal of impairments Add/(deduct):transfer in/(out) in the period Add/(deduct):*net gain/(loss) on revaluation Carrying (fair) value at end of year	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	- - - - - -

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Investment properties Listed investments Social investments Grand total (Fair value at year end+Cost less impairment) Other investments Total	Cost less impairment - - Fair value at year end £ - £ - - - - - - -
	- -

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

N17

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments Cash or cash equivalents Investment properties Social investments 17.5 Guarantees Listed investments Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims 17.6 Concessionary loans *Amount of concessionary loans made (Multiple* loans made may be disclosed in aggregate provided that such aggregation does not obsure significant** information ). Other investments Total Terms and conditions eg interest rate, security provided Value of any concessionary loans which have been committed but not taken up at the reporting date Amounts payable within 1 year Amount of concessionary loans received *(Multiple loans received may be disclosed in* *aggregate provided that such aggregation does not* *obsure significant information).* For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. 17.7 Additional information Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. Amounts receivable after more than 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.	*Total* *Total*	- - - £ - This year - Las	This year £ Last year £ This year £ Last year £ - - - - - - t year £
		-
		*Description* *Description*

N17

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

activities.
Charitable activities: *Opening* *Added in period* *Expensed in period* *Impaired* *Closing* Other trading activities: *Opening* *Added in period* *Expensed in period* *Impaired* *Closing* Other: *Opening* *Added in period* *Expensed in period* *Impaired* *Closing* Total this year *Total previous year*	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Work in progress Stock Donated goods
	- - - - -
	- - - - -

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

N18

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any* *debtors or prepayments.* Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year £ -
	0
	0 -

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Prepayments and accrued income Other debtors Total Trade debtors	This year Last year £ £ - - - - - - - -
	- -

N19

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - 1,106 131 - - Amounts falling due within one year Amounts falling due after more than one year
	1,106 131 - -

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year Last year £ £ - - - - - -
	- -

N20

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period	This year Last year £ £ - - - - - - - -
	- -

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified). 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

N21

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

N22

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

----- Start of picture text -----
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
----- End of picture text -----

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

N23

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - - - 345,356 345,356 - -
	345,356 345,356

N24

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

N25

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

N26

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
SBS Sponsorship R Sponsoring Young Adults at SBS in Nigeria - 5,364 22,377 - 10,504 - 5,579 - 930
Prospect Sponsorship R Sponsoring vulnerable young children in Education in Nigeria 86,058 30,824 - 15,965 - 7,582 - 93,335
Overseas Missions R To cover the cost of teams on short-term missions Nigeria 8,029 9,960 - 10,348 - - 7,641
Soteria Business College R Operating costs of the Business College and staff Nigeria 41,725 27,388 - 36,007 - 5,155 - 27,951
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 130,448 90,549 - 72,824 - 18,316 - 129,857
----- End of picture text -----

SBS = Soteria Business College Ibadan Nigeria

N27.1

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
SBS Sponsorship R Sponsoring Young Adults at SBS in Nigeria - 3,614 21,708 - 18,072 - 5,386 - - 5,364
Prospect Sponsorship R Sponsoring vulnerable young children in Education in Nigeria 74,417 31,207 - 11,848 - 7,718 - 86,058
Overseas Missions R To cover the cost of teams on short-term missions Nigeria 4,256 4,335 - 562 - - 8,029
Soteria Business College R Operating costs of the Business College and staff Nigeria 23,721 26,700 - 3,894 - 4,802 - 41,725
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 98,780 83,950 - 34,376 - 17,906 - 130,448
----- End of picture text -----

N27.2

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

----- Start of picture text -----
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and Sponsors agree 25% of donations are to be set against administration
restricted funds costs 18,316
Between endowment and
restricted funds
Between endowment and
unrestricted funds
----- End of picture text -----

27.4 Designated funds

Planned use Purpose of the designation Amount

N27.3

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg order, governing document)	Last year Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ This year Amounts paid or benefit value

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False) Type of expenses reimbursed Subsistence Travel TOTAL Accommodation Other (please specify):	£ This year	Last year TRUE £

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)


There have been no related party transactions in the reporting			period (True	or False)			TRUE

								Amounts
Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount		Balance at period end	Provision for bad debts at period end		written off during reporting
								period
			£		£	£			£





*In relation to the transactions above, please provide the*
*terms and conditions,*	*including any*	*security and the nature*
*of any payment (consideration) to be provided in*
*settlement.*

For any related party, please provide details of any guarantees given or received.

N28

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

N29

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the Charity Name trustees/directors/ Soteria Trust members of

On accounts for the year 31[st] January 2022 ended

Charity no.: Company no.: 1040766

Set out on pages SOFA, B SHEET, Sheets N1 – N29 of CC17a

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 / 01/ 2022

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
•the accounts have not been prepared in accordance with the Charities SORP (FRS102).

October 2018

IER

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 12[th] April 2022 Name: Robert Hayward Bennett

Relevant professional Association of Accounting Technicians (Retired) qualification(s) or body (if any):

Address: 60 Grant Road Portsmouth, Hampshire PO6 1DX

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

IER