THE ERNEST FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024 Charity Registration Number: 1116823 Company Registration Number: 5976834 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH COMMUNITY CENTRE 161 SUMNER ROAD LONDON SE15 6JL
THE ERNEST FOUNDATION YEAR ENDED 31ST OCTOBER 2024 CONTENTS Page Administrative Inforniation Management Trustee's Report Independent Examinerfs Report Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Ststements 12-13 Detsiled Income and Expenditure 14
THE ERNEST FOUNDATION ADMINISTRATIVE INFORMATION AS AT 31ST OCTOBER 2024 REGISTRATION DETAILS The Ernest Foundation is an incorporated organisation registered as a charity with a Charity registration number 1116823. and Company Registration number 5976834. GOVERNING DOCUMENT The Ernest Foundation is governed by the Companies Act 2006, Charities Act 2011. and its, constitution. MANAGEMENT COMMIThEE Mr Eric Appiah Nkrumah.. Chairman Mr Anthony Fosu Mainooh... .Secretary MrAdomako...... .Tieasurer Mr Baidoo.... ..Member Ms Pauline Ansong........... Member Mrs Benedicta Yanwube.. . ..Member PRINCIPAL ADDRESS The Ernest Foundation 45 Cardrff House Peckham Park Road London SE15 6rr INDEPENDENT EXAMINER London Accountancy Practice Sojourner Truth Communtty Centre 161 Sumner Road London SE15 6JL BANKERS Barclays Bank Woolwich Branch London
THE ERNEST FOUNDATION MANAGEMENT COMMITTEE REPORT YEAR ENDING 31ST OCTOBER 2024 The Annual report of the foundation for the year ending 31st October 2024, which has been agreed by the Board 1.0 PRINCIPAL ACTIVITY The principal activity of the charity is to help support and improve the quality of life of people living with and affected by HIV, Mental Health Wellbeing issues, and other related diseases among the Black Minority Ethnic (BME) community and others in England, Wales, and Ghana. The foundation also works with children and young people to help them focus on their education and stay off the street from gun crime and other antisocial activities. We also help to reduce poverty in deprived communities in Ghana and members in London. 2.0 MISSION AND VISION STATEMENT: Our mission is to support and provide education, self-esteem, and empowerment activities for people living with HIV and Mental well-being health issues to enable them to live a nornal happy life without fear of stigmatization. We also run educational programs on HIV with schools, Faith groups, and the public to help redu the spread of HIV. Our vision is to help create the following. A world where people are not in fear of HIV. A world where people are free from stigma, discrimination, and prejudice. A world where people will be free and willing to go for early HIV testing. A world where we educate ourselves to combat the spread of the disease. 3.0 AIMS AND OBJECTIVES: Our aim is to carry out projects and activities that will bring relief and help improve the lives of people living with and affected by HIV and its related diseases among the Multinational communities and others in England. We also aimed at working with children and young people to help build their confiden. get them off the street, and focus on their education. Our main objectives are: Advan and promote public education and research in the field of health and communicable diseases and help redu its spread. Advocate for the provision of free needed medication for the BAME community and others living with HIV but cannot afford the cost of treatment.
Provide home Gare support for such people who have undergone medical treatment or who otherwise require nursing care and regular specialist medical attention and to relieve poverty. distress. and sickness among such people and their families Provide counselling, support, and care for people living with HIV and related health problemslconditions. Organise HIV awareness seminars among the BME community and others in England and Wales on the prevention and spread of HIV. Support people living wrth HIV on issues that will promote their equal rights to treatment and living condition. Address stigma, prejudi, and taboo against people living with HIV and Mental Health Provide supplementary education services to young people among the Black Ethnic Minorities. Organise and run a support group for BME women and LGBT+ 4.0 CHAIRMAN'S STATEMENT: The Ernest Foundation Annual Report for the Year Ending 3151 October 2024 Executive Summary The Ernest Foundation continues to make significant strides in addressing health inequalities and improving the well-being of disadvantaged communities. Throughout the year: our focus has been on fostering resilience, enhancing mental and physical health, and strengthening trust between the BAM E community in Southwark and healthcare providers. Our key initiative, 'Health in Harmony? ' successfully engaged over I service users, providing critical support to those struggling with mental health challenges. This year, we secured funding from Southwark Council to build our organisational capacity and conducted 36 gym sessions in partnership with Sport Works and 12 workshops to promote physical well- being, and increase confidence, self-esteem, and health well-being of our service users . Our projects were developed around three core themes: Hearing and responding to community health priorities In]proving community access to immunisation, screening? and wider health services Developing sustainable metbods of building partnerships between communities and health services By addressing the health inequalities experienced by the BAME community in Southwark, our programmes helped combat isolation, loneliness: and lack of trust in the healthcare system. Through mental health awareness workshops, confidence-building activities, and collaborations with health professionals, we aimed to empower individuals and create lasting change. Projects Undertaken Health in Harmony Our flagship project focused on building mentsl health capacity among servic¢ users through a combination of workshops. fitness sessions, and community engagemenL Over 100 individuals benefited from tailored interventions aimed at addressing the mental health crisis within the BAME community.
Key Achievements and Impact: Reduced isolation through group activities and peer support Encouraged behaviour change towards healthier lifestyles Developed self-esteem and confidence in participants Improved mental health and overall well-being Helped overcome stigma surrounding mentsl health Strengthened social bonds and friendships within the community Promoted healthier and longer life spans through active engagement Fostered greater trust between participants and health professionals Our work was made possible through the generous SUprt of our funders and partners, including: Southwark Council Peekham Settlement Sport England Social Prescribers United St. Saviour Sport Works (partnership for gym SS1On5) Future Projects: Health in Harmony Expansion Looking ahead, The Ernest Foundation plans to build upon the success of Health in Harmony" with an expanded focus on individuals living with HIV and mental health challenges. Objectives: Enhance physical and mental well-being through structured activities Provide three weekly classes (3 hours eaeh) tailored to support participants Encourage regular physical activity to boost immune system health Create a safe and supportive environment to address menLql health concerns Build self-esteem and confidence whi le fostering community connections Offer a range of fitne&s, multi-sporL% and mobility activities designed around participant abilities Provide nutritional and mental well-being talks followed by refreshments
With these initiatives, we aim to continue reducing isolation. enhancing community bonds, and improving the overall quality of life for our service users. Conclusion The Ernest Foundation remains dedicated to tackling health inequalities, supporting mental well- being, and empowering our community. We express our deepest gratitude to our funders, partners, and volunteers for making our impact possible. As we move forward, we remain committed to delivering innovative, community-driven programmes that make a lasting diff¢rence. We look forward to another year of growth, collalx)ration, and positive transforniation within the communities we serve. Signe Erne t Nkrumah Executive Director
THE ERNEST FOUNDATION MANAGEMENT COMMirrEE REPORT YEAR ENDED 31st OCTOBER 2024 STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES The Management Committee is required to prepa financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee is required to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent" state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on a going conrn basis unless it is inappropriate to presume that the project will continue in operation. The Management Committee is responsible for keeping proper records that disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Secretary . Anthony Fosu Mainooh
THE ERNEST FOUNDATION INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31st OCTOBER 2024 I report on the accounts of the company for the year ended 315t October 2024, which are set out on pages 11 to 12 Respective responsibilities of trustees and 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. 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 that an independent examination is needed. Having satisfied myself that the charty is not subject to audit under cornpany law and is eligible for independent examination, it is my responsibilty to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charty Commission under section 145(5){b) of the 2011 Act., and to state whether particular matters have come to my attention. Basis of independent examinerfs 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 explanations from you as trustees conceming any such 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 Irue and fair view, and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attents'on" (1) which gives me reasonable cause to believe that in any material resped the requirements: to keep accounting records in accordan with section 386 of the Companies Act 2006. and to prepare accounts that 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. a>g" Ade Adeb MA. CGMA ACG London Accountancy Practice 161 Sumner Road London SE15 6JL
THE ERNEST FOUNDATION STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 OCTOBER 2024 INCOMING RESOURCES Unrestrlcted Restricted Fund Fund Total 2024 Total 2023 Volurkary Income 12.367 35,053 47,420 53.058 Donab'ons 3,180 3,180 Total Incoming Resources 15,647 35,063 50600 53,058 Cost of generats.ng Funds: Charitable ath"vits"es •1 3,100 52.817 55,917 47,458 Total Charltable Activities 3,100 52,817 55,917 47468 Net Incomlng Resources 12,447 -17,764 -5.317 5,573 Balance Brought Forward 7,576 17,777 25,353 19,780 Balance Carried Forward 13 20,036 25,363 10
THE ERNESTFOUNDAIION BALANCE SHEET ASAT31 OCTOBER 2024 FIXED ASSETS 2024 2023 CURRENT ASSETS Debtors Bank arKI cash at hand 17.713 3,073 20,786 17,713 9.390 27,103 CURRENT UABIUTIES Creditors & Acctuals 750 1750 20.036 25,353 20.036 REPRESENTED BY: FUNDS: Unrestncted Restiicted 20.023 13 7.576 17,777 30-QF Approved by the Board of Directors on ............................................... 2025 ar¥J signed on rts behalf by Sign........................ ..Dired st Nk[nah
THE ERNEST FOUNDATION NOTES TO THE ACCOUNTS YEAR ENDED 31ST OCTOBER 2024 1. ACCOUNTING POLICIES Basis of preparation of Financial Statements The financial statements are prepared under the historic cost convention and include the results of the charity's operations which are described in the Management Committee's Report and all of which are continuing. The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts. The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produ a cash flow statement on the grounds that it qualifies as a small charity 1.2 Incoming Resources 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2.2 Grants received for specTfic purposes are accounted for as restricted funds in the Statement of Financial Activities. 1 .3 Restricted Funds Restricted fvnds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. 1 .4 Unrestricted Funds Unrestricted fvnds are donations and other income received, or generated for the objects of the organisation without further specified purpose and are available for general funds. 1.5 Designated Funds Designated funds are unrestricted funds eannarked by the Management Committee for particular purposes. 12
Debtors 2024 2023 other Debtors Creditors & Accruals 2024 2023 Accountancy Fee 750 13
THE ERNEST FOUNDATION DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 OCTOBER 2024 INCOMING RESOURCES Unrestricted Rostrlctsd Fund Fund 2024 Total 2023 Total Award for London Soudmark Council Partnership Soutt)wark The Peckham Setllement Sports England Communty Southw United St SaNryours London Communtb'es VAT Reclaim Donations other Income Total Incoming Resources 9799 16,153 16,583 6,000 16,153 2,OQO 13,700 3,200 2.000 13,700 3,200 10,000 2,500 10,000 9,800 5,850 2,367 3,180 2,367 3,180 2,526 50,600 53,058 15,547 35.053 2024 Total 2023 Total OUTGOING RESOURCES Charitable Expendlture Salariesl HfvRC Sessional Worker Peer Support Volunteer Expenses Ndministrative Expenses Hall Hire PublicationlPublicty Peer Support tIng Expense5 Teleph)ne Postage & StsticKEry coc Transport Subscription Equipment Payroll utility Insurance Professional fee countancy Fees Total Resources Expended 30.670 30,670 9.801 2,899 7,250 800 3,810 2,490 8,750 2,219 650 5.800 550 3.738 5,800 550 3,738 3,100 3,100 1,905 445 1,600 4,612 35 1,018 173 1,204 317 1,905 445 1,600 4,612 35 1,018 173 1,204 317 1,550 35 999 2,728 1,978 876 750 650 55,917 47N85 750 52,817 3.100 14