CESO (Community Empowerment Support Organisation) Ltd Trustees, Annual Report and Financial Statements For the year ended 31st January 2025 Reglstered Charity No. 1133130 Company Limited by Guarantee. Registered in England No. 6470024
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS Contents COMPANY DEfAILS AND ADVISERS........................................................ THE TRUSfEES' REPORT FOR THE YEAREND 31st JANUARY 2024... ...... INDEPENDENT EXAMINERS REP0RTTOTHETRuEES FOR THE YEAR ENDED 31 JANUARY 2024.................................................. STATEMENT OF FINANCIAL AcrIvrrIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31STJANUARY 2024)..................... BALANCE SHEEf AS AT 31STJANUARY 2024... .. NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR. ENDED 31ST MARCH 2023.. 9 Page 2
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL STATEMENTS COMPANY DETAILS AND ADVISERS Registered Office 99 ST. HELENA ROAD LONDON SE16 2QY Reference Details: Telephone: 07958 032992 Email: ritaedmond ceso ro Website: htt www.ceso ects.or ro ects. Trustees Rita Edmond Chair Marjorie Ann Brabazon James Abdulai Sesay Natasha Din-Gabisi Trustee Truslee Trustee Shamick Edmond Truslee Comfort Olaosebikan Trustee . Accountant NRMA Accountancy Ltd 3 Lime Tree Grove Shirley Croydon CRO 8AY Bankers Santander Unit 34, Cen, Redriff Road Rotherhithe SE16 7NB Page 3
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL STATEMENTS The trustees agreed to maintain a reserve of £5,000 to maintain the stability of the organization. There is a shortfall of £2,400 in the target reserve. Plans for future periods Scaling and tweaking our events to maximise ticket sales and monthly donations Increasing our social media presence with a focus on highlighting the impact monthly donations can have on indlviduals in the school Research and apply for more grants with the support of experts Trustee - Date-- Trustee Date-- I/L_o./J2f INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES FOR THE Page 5
CESO: TRUSTEES'ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31Sf JANUARY 2025 I report to the charity trustees on my examination of the accounts of Community Empowerment Support Organisation (CESO) for the year ended st 31 January 2025, which are set out on pages 7-8 Respectlve responsibilities of trustees and examiner The Charity's Trustees and also its directors for the purposes of company law are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 C'the 2006 Acvg. 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 examination. It is my responsibility to: • examine the accounts (under S145 of the 2011 Act) • follow 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 examiner's statement My examination was.carried out in accordance with the general directions glven 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 evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In connection wlth my examinatlon, I confirm that no material matters have come to my attention givlng 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 accounkn'ng requirements of section 396 of the 2006 Act 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 4. the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 understanding of the accounts to be reached. V Niranjan, AFA MIPA NRMA Accountlng Ltd 3 Limetree Grove Croydon, CRO 8AY UNITED KINGDOM Nrrna.acc mail.com Date: Page 6
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORA TINGAN INCOMEAND EXPENDITUREACCOUNTFOR THE YEAR ENDED 31STJAIVUARf2025) COMPANY REGISTRATION NUMBER 6470024 Unrestricted Funds Restricted Funds Total 2025 Total 2024 Income from: Donations and Ie Donations acies 8,805 12,274 19,870 Charitable Activibes Grants received Fundraising and publici Services Investment Income Bank Interest received Other Total Income 8,900 695 9,905 13,921 1,652 1,900 23,367 4,480 27,847 29,045 Expenditure on: Raising funds Charitable Actlvities Total Resources Expended (see note 17) 473 23,482 25,282 608 28,579 29,187 162 19,219 33,338 9,383 3,905 Net movement in funds (see note 10) Reconciliation of funds Total funds brought forward Transfer between funds Total funds carried forward (1,915) 575 (1,340 4,293 8,330 4,037 5,941 1,600 1,097 2,697 4,037 All of the above results are derived from continuing activities. Page 7
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS BALANCE SHEET AS AT 31STJANUARY 2025 Notes 2,025 2,024 FixedAssets.' Tangible assets CurrentAssets." Debtors Cash at bank and in hand 2,697 2,697 4,037 4,037 Liabilities.. Creditors: Amounts falling due within one year Net CurrentAssets. 2,697 4,037 TotalAssets Less Current Liabilities 2,697 4,037 Creditors: Amounts falling due after more than one ear Net Assets 2,697 4,037 Represented b . General Unrestricted funds Restrlcted funds 1,600 1,097 3,515 522 Total funds 2,697 4,037 For the year ending 31st January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with 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 small companies regime. The financial statements on pages 6-7 were approved and authorised for issue by the Trustees on 01.10.2025 and signed on their behalf by: Chair Rita Edmond Treasurer James Sesay Page 8
CESO: TRUSTEES. ANNUAL REPORT & FINANCIAL sfATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 l. Accounting Policies The financial statements have been prepared under the historical cost conventlon and in accordance with FRS 102, the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP FRS 102), applicable accounting stsndards and company law. The charity is a public,benefit entity. The principal accounting policies adopted in the preparation of the financial statements are as follows: Donations and Grants Income from donations and grants is included in incoming resources when these are receivable, Income Is also included when the charity is entitled to it, when it Is probable it will be received, and the amount can be measured reliably. The exptIOn 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. Resources Expended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. All support costs are included under "charitable activities" rather than apportioned between each of the charity's activities {such as fundraising), as such an apportionment would result in small, immaterial amounts attributable to non-charitable actlvities, The costs and time Involved of calculatlng such an apportionment would vastly oUteIgh the usefulness of doing so. Funds Accounting Funds held by the Charity are either: Unrestricted these are funds which can be used in accordance with the charitsble objects at the discretion of the Trustees. Restricted - these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restritted purposes. 2. Staff and Pension Costs The charity has no employees and the staff cost is nil. Page 9
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS 3. Anal sisof Income Restricted Income funds Unrestrlcted funds Total funds Prior ear Donations and gifts Gift Aid General grants provided by the governmenvother charities 11,703 571 8,805 571 9,441 18,805 Total 21,715 Charitable activities: Fundraising Services 1,652 695 740 Total 1,652 TOTAL INCOME 23,367 Details of Restricted Funds Detall Balance as at 01.02.2023 Income Expenses Transfer between funds Balance 31.01.2024 Restrlcted Funds Award for All 9,905 (9,383) 522 Total Funds (9,383) 522 Balance as at 01.02.2024 Transfer between fund5 Income Expehses Balance 31.01.2025 Detall Restrlcted Funds Eatwell project fund 522 4,480 {3,9051 1,097 Total Funds 522 4,480 (3,905) 1,097 Page 10
CESO: TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS 4. Net movement in funds Net Movement in funds Transfer Between Funds At 01.02.24 At 31.01.2025 Detail Unrestricted Funds Unrestricted General Funds 3,515 {1,9151 1,600 Restrlcted Funds Grant Income Restricted 522 575 1,097 Total Funds 4,037 (1,340) 2,697 5. Related Party Transactions The charity received donations from the Trustees in the year of £140 (2024: £730). The trustees agreed to pay Rita Edmond £225 per month as a trustee's allowance for the time spent on running the charity and administration of the project. The totsl allowance paid for the year is £900. The trustees paid James Sasey £445 to PrOsS the pledge for the Big Give campaign In November 2024 6. Trustees. Expenses The charity reimbursed the trustees, expenses totsling £Nil (2024: £839), whlch they spent on behalf of the charlty. 7. Volunteers During the year, the Charity had 8 (2024: 8) volunteers that supported it. The Charity has benefitted from these unpaid volunteers, and this is not recognised in the financial statements. 8. Anal sis of Ex enses Grant funding of actlvltles Fundraising Cost Support Costs Total thls year Total prior year Actlvlty or programme Fundraisi ng cost Salaries and ex Eat Well Accountin Admin char Docs I re ulato ladmin Trustees, Allowance See detail on Note 6 Trustee ex See detail on Note 6 Governance cost Total 608 608 473 16,599 9,3S3 900 688 enses in Sierra Leone 18,415 3,905 1,250 3,281 828 900 es 828 900 1,270 2,700 839 486 608 22,320 6,259 29,187 33,338 Page 11
CESO: TRUSTEES. ANNUAL REPORT& FINANCIAL sfATEMENTS THE TRUSTEES, REPORT FOR THE YEAREND 31st JANUARY 2025 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 provisions of Part 15 of the Companies Act 2006 relating to small entities. It includes the directors, report as required by company law. Objectives and activities The prevention or relief of poverty or financial hardship in communities in Sierra Leone and England by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient. Transactions and financial review Income for the year is £27,847 and the expenses £28,579 leaving a deficit of £1,340 for the year. The Statement of Financial Activities is on page 7 and the Balance Sheet is on page 8 Risk Management The Trustees have looked carefully at the rnaln risks the charlty mlght face, both In the UK and in Slerra Leone. These Include things Ilke changes to fundlng. shifts in regulatlons, and challenges wlth running projects- especially overseas. Some of the main rlsks we've Identlfled are: Changes In funding - We rely on grants and donations, so any drop in income can affect how we plan and deliver our work. • Staying on top of regulations - Whether it's UK charity law or local requlrernents in Sierra Leone, we need to make sure we're dolng everything by the book. Reputation - As a small charlty, iys important that we manage funds well and maintsln trust with our supporters. Running projects smoothly - We rely on volunteers and part-time staff, and sometimes Infrastructure or resources in Sierra Leone can be limited. We're working on ways to reduce these rlsks. Thls Includes: Keeping a financial rerve to help if we face unexpected costs. • Finding different types of funding so we're not depending too heavily on one source. • Regularly reviewing our policies, like safeguarding and data p.rotectlon. • Having clear plans for our projects and regularly checking how things are going. Making sure trustees and volunteers are well infomied about our responsibilities and any changes that affect the charity. We talk about risks at board meetings and keep updating our plans as things change. Our aim is to stay alert and make sure we're in the best position to keep supporting the communities we serve. Achievements and Performance l. Small Grant from British Land to continue our Eat Well to Stay Well Project in London. 2. Small Grant from Rotherhithe Consolidated Charities to continue our Eat Well to Stay Well Project in London. 3. Continue to support our mentoring programme in Sierra Leone 4. Continue to support our Business mentoring programmes in the UK. Reserve Policy Page4