Charity nuRnber: 1121713 Company number: 5959715 TRINITY BAPTIST ORPHANAGE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Michael Foley & Co Chartered Certified Accountants 20 Rosslyn Crescent I,uton Bedfordshire LU3 2AU
TRINITY BAPTIST ORPHANAGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Contents Legal and Administrative d¢tails Report of the Trustees Independent Examiner's R¢port Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-11
TRINITY BAPTIST ORPHANAGE LEGAL AIYD ADMINISTRATIVE INFORMATION COMPANY NUMBER: 5959715 CHAIUTY NUMBER: 1121713 DIRECTORS I TRUSTEES Pastor Kingsl¢y Appiagyei Pastor Kweku Amosah Pastor Cynthia Appiagyei Pastor Stephen Asibuo Alex Appiah SECRETARY Pastor Stephen Asibuo REGISTERED OFFICE: 2 Thornlaw Road Wesl Norwood London SE27 OSA ACCOUIYTANTS: Michael Foley & Co Chartered Certified Account&nls 20 Rosslyn Crescent Luton Rcdford5hire LU3 2AU BANKERS.. B&rclays Bank Plc. West Norwood Branch London SE27 9DW
TRINITY BAPTIST ORPHANAGE REPORT OF THE TRUSTEES YEAR ENDED 31 OCTOBEI R 2023 Th¢ Trustees present their annual report together with the financial statemet)ts of the Charity for the year ended 31 Oetober 2023. Trinity Baptist Orphanage is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Charity number.. 1121713. Company number.. 5959715. REFERENCE AND ADLIIINISTRATIVE DETAILS Reference and administrdtive details are shown in the schedule of trusteesldirectors of the charity and profesgional advisors on page l of the financial statements. THE TRUSTEES The trustees who served the charity during the period were as follows.. Pastor Kingsley Appiagy¢i Pastor Kweku Amosah Pastor Cynthia Appiagyei Pastor Steph¢n Asibuo Alex Appiah STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is also a company limitcd by guarant¢¢. The trustees also act as directors of the company under the leadership of a chairperson. ORIECTIVES AND ACTIVITIES FOR PUBLIC BENEFrr The Charity is governed by a constitution.. The main objeciive of the Charity is the advancement of education and preservation of good health Ghana in particular but not exclusively by= l. The construction and Maint¢nart of an orphanage 2. The construction and maintenance of other facilities including classrooms blocks, Jnedical centres and library resource centres 3. Th¢ construction of a ConfcrcncelTraining Centre for the benefit of the publi¢. We have considered the Commission's guidance on public benefiL and we believe that the above thre¢ objectives satisfy the public benefit criteria.
TRll¥lTY BAPTIST ORPHANAGE FINANCIAL INFORMAI'ION Th¢ charity's incoming r¢sources were mainly from donations by the Trinity Baptist Church in London as well as individual members of the church and well-wishers. All funds are unrestricted. Total incoming resources in the year was £45,525 and net outgoing resources amounted to £7,416 and this deducted from ihe nel incoming resource5 brought forward of £233,701 wi(h the resultant net incoming r¢sourc¢s of £226,285 being carried forward towards future activities of the charitable company. Th¢ trustces consider the financial positlon of the charitable company to be saiisfactory. RESERVES POLICY The trustees do not currently have a reserve policy but will review thc situation when it has become neccssary. IUSK MANAGEMENT The Orphanage operates in Ghana and background checks are carried out on persons employed to manag¢ it. PLANS FOR THE FUTURE The Charity has made a reasonable headway towards achieving the objectives a5 Outlined above but more is still need¢d to be done in fully realising the obj¢¢tives as outlined above. It is interesting to note that some local Ghanaian establishments are now teaming up with Trinity Baptist Orphanage towards achieving the wider goals as stated aix)ve. STATEMENf OF DIRECTORS AND TRUSTEES RESPONSIBILITES The Charities Act and Companies Act requirethe Board of Trusteesto prepare financial statements for ea¢h financial year, which 8iYc 4 tru¢ and fair vi¢w of th¢ 5tait of aff&ir5 of thc Iliatithblc company as al the balance sheet date and of its incoming resources and application of resources, in¢luding income and expenditure. for ihe financial year. In preparing thos¢ financial statements, the Board is required to:_ Select suitable accounting policies and then apply them consistently- Make judgements and estimates that are reasonable and prudent- Prepare the financial statements on the going ¢oncem basis unless it is inappropriate to presume that the company will continue in operntion. The trustees are responsible for kecping proper accounting records which disclose with reasonable accuracy at any time the financial positioii of the organisation to ensure that the financial statements comply with the Companies Act 2006.
TRINITY BApfIsT ORPHANAGE Th¢ Trustees are also resw)nsible for safeguarding the assets of the organisation and for taking reasonablc steps for ihe prevention and deiection of fraud and other irregulariiies. e rew)rt was approved by the tnte¢S on 15 July 2024 and signed on their behalf by: Pastor u Amosah. Dire¢tor/Trustee
REPORT OF THE INDEPENDENT EL4MINER TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF TRINITY BAPTIST ORPHANAGE FOR THE YEAR ENDED 31 OCTOBER 2023 We report on the accounts of the charitable company for the year ended 31 October 2023 which are set out on pages6to 11. 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 a¢counts. l-he trustees consider that an audit is not required for this year under section 144(2) of the Charities Aci 2011 (the 2011 Act) and that an independent exatnination is needed. Having satisfied ourselves that the charity is nol subject to an audit under ¢ompany law and is eligible for independent examination. it is our SponSIbl1]ty to.. examine the accounts under s¢¢tion 145 of the 2011 A¢t. lo follow the procedures laid down in the general Direetions given by the Charity Commission (under section 145{5)(b) of the 2011 Act. and to stale whether particular marters have come to our attention. Basis of independent examiner's statetnent Our examination was carried out in accordance with general Directions givcn by the Charity Comtnission. An examination includes a review of the accountiiig records kept by the charity and a comparison of the accounts prescnted with those records. It also includes consideration of any unusual iletns or disclosures in the acLounts and secking explanatioiis from you as Iru%lees Goii¢erning any such mailers. The procedures uiidcrtaken do nol provide all the evidence tha( would be required in an audit, and Lonseqliently no opinion is given as lo whether the accounts present a 'ttrue and flir view" and the report is limit¢d to those matters set out in the siatement below. Independent examiner's stalement In connection with our examination, no m&tt¢r has come to our attention.. which gives us reasonable cause to believe that. in any material respect. the requirements.. to keep accounting rOrdS in accordance with section 386 of the CompleS Act 2006; and lo prepare accounls which 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.. Accounling and Reporting by Charities SORP (FRS102) have not been met. or to which, in our opinion. attention should be drawn in order to ¢nable a proper understanding of the a¢counts to be reached. Michael Foley & Co Chartered Certified Acwuntants 20 Rosslyn Crescent Luton Bedfordshire LU3 2AU D4t¢: 15.07.2024
TRINITY BAPTIST ORPHANAGE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 OCTOBER 2023 Notes Unrestricted Restricted Funds Funds 2023 Total 2022 Total Incomillg resources Incoming resour¢eslrom charildble artivilies Voluntary in¢ome Total incoming resour¢es W. 25. Resources expended Charllable activities., Charitsble activities of Orphanage 51,771 51,771 25,006 GovernAnc¢'. 85 Total resour¢¢s expended 5 Net incoming (outgoing) resouree$ (7,416) (7,416) 5.185 Total funds brought forward 233 701 70 Total funds egrried fonv*rd
TRINITY BAPTIST ORPHANAGE BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Notes Fixed assets Tangible 215,020 221,102 Current assets Debtors Bank Accounts 12,435 13,449 Cr¢ditor5'. amounts falling due Within one year 850 Iyet current liabilities T(Jtal Assets less eurrent liabilities 226 285 233 701 Funds Unrestricted funds For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuanl to seclion 47(), requiring an audit of these financial statements under the requirements of the Companies Act 2006. How¢ver, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose r¢port appears on page 5. The directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which Comply with seclion 386 of the Act and for preparing financial statements which give a truc and fair vi¢w of th¢ state of affiiirs of thc company as at the end of ils financial year, and of its net incorning resources for the financial year in accordance with seclions 394 and 395 and which oiherwise cornply with the requirements of the Companies Act 2006 relating to wcounts, so lar as applicable to the company. The financial ststements have been prepared in accordance with the spccial provisions r¢lating to small compani¢s within Part 15 of lh¢ Cotnpanies Act 2006 and with the Financial Reporting Standard for Smaller Entiti¢s (effective January 2015). Approved by board of trustees on 15 July 2024 and signed on their behalf by: Pastor eku Amosah Directorrrrnstee Alex Appiah Directorrrrustee
TRllYITY BAPTIST ORPHANAGE NOTES TO THE FINANCIAL STATEMEwrs YEAR ENDED 31 OCTOBER 2023 l Accountillg Policies a) Aeeounting eonvention The financial statements are Prepared under the historical cost C4)nvention and in accordanee with Ihe Financial Reporting Standard for Smaller Entities (effective January 2015). the Companies Act 2006 and the requÈrements of the Statcttkent of Recommendcd Pra¢ti¢e, Accounting and Reporting issued by Ihe Chariry Commissioners for England & Wales (rcviscd Jun¢ 2008 (Thc SORP). b) Depreciation policy Provision for depreciation of fixed assets held for use by the charity is made at annual rates calculated to spread the cost (less anticipated $]dual disposal value) of each assct evenly over its expected useful life on the straight-line basis. The depreciation rdtes are as follows= Land and building 2/ts Furniture. fittings & equipment Computer equipment 30Yo ¢) Donations and grants Income from donations and grants. including capital grants if any. is included in incoming resources when these are receivable, except as follows.. When donors specify that donations and grants given to the charity must be used in fuhbre accounting periods. the ineome is deferred until those periods. When donors impose conditions, which have to be fulfilled befor¢ thc charity becomes entitled lo use such income, the income is deferred and not included ift incoming resources until the pre-conditions for use have been met. When donors specify that donations and g[an including capitsl grants. arc for particular restricted purpose% which do nirt amount to pre-conditions regarding entitlemenu this income is included iyj in¢oming resources of restricted funds when receivable. FOT the year in question no such income was receiv¢d by the charity. d) Income Income is accounted for on accruals basis. For th¢ year the Charity's in¢ome is mainly from donations. e) Foreign curreneies Monetary &ssets and liabilities denominated in foreign ¢urrencie5 are translated into sterling at rates of exchange rnling at the balance sheet dat¢. Transa¢tions in foreign ¢urrencies are trdnslated into Sterling at the rdte ruling on the date of the transaction. Exchange gains and losses ar¢ recognised in the Statement of Financial Activities.
TRINITY BAPTIST ORPHANAGE NOTES TO THE FTNANCIAL STATIMENTS Cont'd YEAR ETr4DED 31 OCTOBER 2023 Resouree8 expended Expenditure is reeognised on an a¢¢rual basis as a liability is incurred. Expendilure includes VAT as the Charity is not registered for VAT and therefore is reported as part of the expenditure to which it relates. Charitable exp¢nditur¢ comprises those costs incurred by the Charity in the delivery of its charitable activities of an orphanage and school for children. It includes both costs that can be allocated dire¢tly to such activities and those costs of an indirect nature necesgary to support them. Governan¢e Costs include those costs associated with meetin8 th¢ constitutional and stAtutory requirements of the Charity and include ac¢ountattcy fees and ¢osts linked to the strategic management ot'the Charity, All Costs are allocated between the ¢xpenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs rclaling to a particular a¢livity are allocated di¢t]Y. others are apportioned on an appropriate basis e.g. lime based and usage. 3 Taxation There is no liability to any UK Tax arising neither from the r¢sults nor from any a¢tivity of the Charity. 4 Fixed asgèts for use by (he charity Lxnd and Building Furniture and Equipment Total At cost At 01 November 2022 Additions in year At 31 October 2023 304.123 12,S37 316,960 Depreciation At 01 November 2022 Charged in th¢ year At 31 October 2023 Net book value 83,021 12,837 95.858 At 31 October 2023 21 At 31 Octob¢r 2022 22 There are only unrestrictsd funds so fixed assets belong to the unrestricted funds.
TRINITY BAPTIST ORPHANAGE NOTES TO THE FINANCIAL STATEMENTS Cont'd YEAR ENDED 31 OCTOBER 2023 5 Resourees expended Resources expended have b¢¢n apportioned or allocated on the basis which th¢ trustees considered to be equitable between charitable activities and governance. The r¢suliant apportioned figures ar¢ a5 follows.. Charitable Activities Tolal Goverllance 2022 Donations Accountancy Legal and Professional Bank charges Data Protection Postage Depreciation of fixed assets.. Land & Building Furniture, Fittings & Equipment 45,539 1,100 70 45,539 18,764 850 1,100 70 113 40 150 150 6,082 6,082 6.082 Donations were not ¢x¢lusively in cash forthe upkeep of the children in the orphan&g¢ and school. They also included material donations in th¢ forni of books, school unifornis, school furniture, games equipmenL materials for repairs and office supplies. For this year they also included costs of building work including compound work and computer equipment cost. 6 Staff costs aud numbers 2023 2022 Salaries and wages There were no salary payments in the United Kingdom for both 2023 and 2022. No trustee was paid remuneration or reimbursed expenses. 7 Net incoming resour for the year: 2023 2022 This is stated after charging Depreciation of tangible assets 6.082 6,082 8 Other debtors io
TRNITITY BAPTIST ORPHANGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 ¢oDt'd 2023 2022 Creditors: amounts falling due within the year A¢¢ruals io Moveffjent in Fund- unrestricted At I Iyovember 2022 Outgoing Resour¢es At 31 October 2023 Resourees Unrestricted 21. 52