CESO (Community Empowerment Support Organisation) Ltd Trustees, Annual Report and Financial Statements For the year ended 31st January 2024 Reglstered CharSty No. 1133130 Company Umlted by Guarantee. Reglstered In England No. 6470024 cs Camscanner
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMEMrs Coiiteiits COMPANY DEfAILSAND ADVISERS.................................. . THE TRUSfEES' REPORT FOR THE YEAREND 315t JANUARY 2024................. INDEPENDENTEXAMINER'S REPORTTO ThETRusfEES FOR THE YEAR ENDED 315r JANUARY 2024..................................................................... .. ... .. rATEMENT OF FINANCIAL AcrIvrriES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 315r JANUARY 2024)........ BALANCE SHEEf AS AT 315fJANUARY 2024........................................ NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 315f MARCH 2023.. 8 Pago 2 cs Camscanner
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL STATEMEKf5 COMPANY DEfAILS AND ADVISERS Registered Office 99 sr. HELENA ROAD LONt)ON SE16 2QY Referen Detsils: Telephone: 07958 032992 Email: ritaedmond ceso ro Webslte: h ects.o Trustees Rita Edrnond Chair Marjorie Ann Brabazon Jarnes Abdulai Sesay Natasha Din-Gabisi Trustee Trustee Twstee Shamick Edmond Trustee Comfort Olaosebikan Trustee Accountsnt NRMA Accountancy Ltd 3 Lime Tree Grove Shlrley Croydon CRO 8AY Bankers Santander Unit 34, Cen, Redrlff Road Rotherhlthe SE16 7NB Piigo J cs Camscanner
CESO: TRUSTEES'ANNUAL REPORT& FINANCIAL sfATEMEKrs THE TRusfEES' REPORT FOR THE YEAREND 31st JANUARY 2024 This report has been prepared In accordance with the Statement of Recommended Practice Accounting and Reporting for Charities SORP FRS102 and in accordance with the special provlsions of Part 15 of the Companles Att 2006 relating to small entities. It includes the directors. report as requlred by company law. Objectives and activitles The prevention or relief of povety or financial hardshlp In communities in Sierra Leone and England by providing or assisting in the provlsion of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustsinable Income and be self-sufficient. Transactlons and flnanclal revlew Income for the year is £29,045 and the expenses £33,338 leaving a deficit of £4,293 for the year. The Statement of Financial Attivities is on page 6 and the Balance Sheet is on page 7 Risk The trustees have assessed the major risks to which the charity is exposed. Strategies continue to be developed to rnitigate these risks and are reviewed by the Trustees at board meetings. Achievements and Performance l. We were successful in securlng a National Lottery grant to run our Eat Well to Stay Well Project in London 2. We launched a mentoring programme In Slerra Leone 3. We launched a business SUPPOrt and mentoring programme In the UK 4. We recelved money from a corporate funder to improve visibility, we used the money to: Do a communications audit b. Take on trNo temporary, part-time roles - Communlcatlons Manager and Webslte Manager Reserve Pollcy The trustees agreed to maintain a reserve of £5,000 to maintain the stability of the organization. There is a shortfall of £1,000 in the target reseNe. Plans for future perlods • Scalin8 and tweaklng our events to maximise ticket sales and monthly donations Ut115slng our network to receive good quality second hand clothes and items, suitable for resell in both the UK and Slerra Leone Increaslng our social media presence with a focus on hi8hli8hting the impact monthly donations can have on individuals in the school • Research and apply for more 8rants with the Support of experts Trustee - Date- Date- Page 4 cs Camscanner
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL sfATEMENTS INDEPENDENT EXAMINER'S REPORTTOTHE TRUSfEES FOR THE YEAR ENDED 31ST JANUARY 2024 I report to the charity trustees on niy examlnatlon of the accounts for the year ended 314 January 2024 wlilch are set out on pages G-7 Respectlve responslbllltles of trustees and examlner The Charity's Trustees and also Its dlrectors for the purposes of company law are responsible for the preparallon of the accounts In accordance with the requirements of the Conipanies Act 2006 f'the 2006 Act.?. They consider that an audit Is not required for this year under Section 144 of the Charities Act 2011 C'the 2011 Act,? and that they are eligible for an independent examlnatS0n. It is n)y responslbllity to: • examlne the accounts (under S145 of the 2011 Act) • folloiv the procedures laid down in the General Directions given by the Charity Commissioners (under S145(5)(b) of the 2011 Act): and • State whether particular matters have come to my attention Basis of Independent examlner's statement ly examination was carried out in accordance with the general directlons given by the Charity Commissioners. 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 concerning any such matters. The procedures undertaken do not provide all the evldence that would be requlred in an audit, and consequently I do not express an audit opinion on the vlew glven by the accounts. Independent Examlnerfs Statement In connection with my examlnatlon, I confirm that no material matters have come to my attention giving me cause to believe: l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requlrement that the accounts give -true and fair vlew" which Is not a matter considered as part of an independent examlnatlon: or 4. the accounts have not been prepared In accordance with the Charities SORP (FR5102). I 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 understsnding of the accounts to be reached. V Nlranjan, AF NRMA Accoun ing Ltd 3 Limetree Grove Croydon, CRO 8AY UNITED KINGDOM Nrm.1.acc mail.com Date: oc Page 5 cs Camscanner
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL sfATEMENTS srATEMENT OF FINANCIAL ACTIvrriES (INCORPORA TINGAN INCOMEAND EXPENDIfuREACCOUNTFOR THE YEAR ENDED 31STJANUAR Y2024) COMPANY REGISTRATION NUMBER 6470024 Unrestrlcted Funds Restrlcted Funds Total 2024 Total 2023 Income from: tbnatsons and I Donattons acies 8,805 8,805 19,870 Charitable Actiwbes Grants received Fundraising and publicity Services InvestmentIncome Bank Interest received Other Totsl Income 8,900 695 740 9,905 18,805 695 740 1,900 19,140 9,905 29,045 21,770 Expenditure on; Ralslng funds Charitable Activities Total Resources Expended (see note 9) 473 23,482 23,955 473 32,865 33,338 162 19,219 19,381 9,383 9,383 Net movement In funds (see note 5) Reconclllation of funds Total funds brought fomard Transfer bemeen funds Total funds carried fonmard (4,815) 522 (4,293) 2,389 8,330 8,330 5,941 3,515 522 4,037 8,330 All of the above results are derived from continuing activities. Page 6 cs Camscanner
CESO: TRusfEES' ANNUAL REPORT & FINANCIAL sfATEMENTS BALANCE SHEEfAS AT 31STJANUARY 2024 Notes 2024 2023 xedAssets.' Tangible assets ClJnEntknts.' Debto Cash at bank and In hand 4,037 4,037 8,330 8,330 Liabiliti4.. Creditors: Amounts falllng due within one year Net CunpntAssets 4,037 8,330 rotalAssets Less Current 3b•lleS 4,037 8,330 Creditors: Amounts falling due after more than one year Net Assets 4,037 8,330 Repwtedb .. General Unrestrfcted funds Restricted funds 3,515 522 8,330 Total funds 4,037 8,330 For the year endlng 315t January 2024 the Company was entitled to exemptlon from audit under settion 477 of the Companies Act 2006 relating to small companies. The members have not required the Cornpany to obtain an audit in accordance with settion 476 of the Companies Art 2006. The directors acknowledge thelr responsibility for complying with the requirements of the Companles Act 2006 wlth respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the srnall compan5es regime. The financial statements on pages 6-7 were approved and authorised for Issue by the Trustees on 01.10.2024 and slgned on their behalf by: Treasurer James Sesay Rila Edmond Page 7 cs Camscanner
CESO: TRUSfEES' ANNUAL REPORT& FINANCIALSTATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2023 l. Accountlng Policles The financial statements have been prepared under the hlstorical cost convention and In accordance with FRS 102, the Statement of Recommended Practice, Accounting and Reportlng by Charities (SORP FRS 102), appllcable accountlng standards and company law. The charity is a publlc benefit entity. The principal accounting policie5 adopted in the preparatlon of the financial statements are as follows: Donations and Grants Income from donations and grants is included in incomlng resources when these are receivable. Income is also included when the charity Is entltled to it, when it is probable it will be received, and the amount can be measured rellably. The exception is as follows: When donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such Income, the Income Is deferred and not included in incoming resources until the pre- conditions for use have been met. Resour5 Expended Resources expended are Included in the Statement of Financial Attivities on an accruals basls, inclusive of any VAT which cannot be recovered. All support costs are included under'charitsble activities" rather than apportioned between each of the charity's activltles (such as fundraising), as such an apportlonment would result in small, Immaterial amounts attributable to non-charitable activities. The costs and time Involved of calculating such an apportionment would vastly outweigh the u5efulnes5 of doing so. Funds Accounting Funds held by the Charity are elther: Unrestrlcted these are funds which can be used in accordance with the charitable objects at the dlscretion of the Trustees. Restricted - these are funds that can only be used for particular restricted purposes within the objects of the Charlty. Restrlctions arise when specified by the donor or when funds are ralsed for particular restricted purposes. 2. Staff and Pension Costs The charity has no employees and the staff cost is nil. Page 8 cs Camscanner
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS 3. Anal sisof Income R•strlcted Income funds Total funds 2024 Unrestrlcl•d funds Prlor yoar 2023 Donations and gifts Gift Aid General grants provided by governmenuother charities 8,805 19,125 745 8,900 9,905 18,805 Total 17,705 27.610 Charitable activilies: Fundraising Services 695 695 740 740 Total 1,435 1,435 TOTAL INCOME 19,140 9,905 29,045 21,770 4. Detall of Restrlcted Funds Balance as at 01.02.2023 Transfer between funs Balance 31.01.2024 Income Expenses Detall Restrlcted Funds Award forAII 9,905 19,383) 522 Total Funds 9,905 {9,3831 522 5. Net movement An funds Net Movement in funds Transfer Between Funds At 01.02.23 At 31.01.Z024 Detall Unrestricted Funds Unrestricted General Funds 8,330 {4,815) 3.515 Restrlcted Funds Grant Income Restricted 522 522 Total Funds 8,330 {4,2931 4.037 Page 9 cs Camscanner
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL sfATEMENTS 6. Related Party Transactlons The charity received donations from the Trustees In the year of £730 (2023: £520). The trustees agreed to pay Rlta Edmond £225 per month as trustees, allowance for the time spent on runnlng the charlty and admlnlstration of the projett. The total allowance pald for the year Is £2700. 7. Trustees Expenses The charity relmbursed trustees, expenses total of £839 they spent on behalf of the charity. 8. Volunteers During the year the Charity had 8 (2023: 9) volunteers that supported it. The Charity has benefitted from these unpaid volunteers and this is not recognised in the financlal statements. 9. Anal sis of Ex nses Grant funding Fundralsing Cost Total prlor year Actlvlty or programme Support Costs Total th13 year activlties Fundraislng cost Salaries and ex 473 473 162 enses in Sierra Leone 16,599 9,383 16,599 15,167 Eal Well Accounll 900 900 1,115 Admin char es 688 688 Doc51r ulato ladmin 1,270 2,700 839 1,270 1,602 225 Trustees Allowance See detail on Note 6 Trustee ex See detail on Note 7 839 I,iii Governance cost 486 486 Total 473 25.982 6,883 33,338 19,381 Page 10 cs Camscanner