TOGETHER SENSE
FINANCIAL ACCOUNTS FOR YEAR ENDING 31 MARCH 2024
Registered charity No 1135563
CHARITY INFORMATION
TRUSTEES: MRS ELSIE SEMAKULA[Chairman] MRS AURELIE NKUISSU Trustee MR KINGSLEY ADDO-QUAYE[Treasurer] MR SERGES PATRICE NDJANGA[Secretary ] MR JOSUE GODONOU Complaint & Regulatory Officer Mr VICTOR OKON[Complaint &] Regulatory Officer
REGISTERED 128 City Road ADDRESS: London EC1V 2 NX U.K INDEPENDENT Community account services EXAMINER: Mrs Clarisse Tchatchou Complaint & Regulatory Officer BANKER: NATWEST BANK CHARITY NO: 1135563
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The TOGETHER SENSE is registered charity organisation.
Appointment of trustees
As set out in the Constitution trustees are elected annually by the members of the charitable charity attending the Annual General Meeting.
Organisation
The board of Trustees members administers the charity. The board meets quarterly, and there are sub-committee covering Finance, Project development & management, and Capacity building.
The director has delegated authority, within terms of delegations approved by the trustees, for operational matters including Finance, Employments and projects directions.
Related Parties
TOGETHER SENSE has no related parties
Risk Management
The Trustees have a risk management strategy, which comprises the following areas:
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An Annual review of the risks the charity may face
The establishment of systems and procedures to mitigate those risks identified in the plan.
And the Implementations of such procedures designed to minimise any potential impact on the charity should those risks materialise.
This work has identified only a few minor risks but it has resulted in better emergency procedures and contingency plans and has given the impetus for better planning. Particular attention has focus on Financial risks arising from, fundraising strategy and lack of adequate resources. There also another key element in the management of financial risk is the setting of a reserves policy and its regular review by Trustees.
Aims & Objectives
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(A) To promote the benefit member of disadvantaged communities particularly London without distinction of sex, sexual orientation, nationality, age, disability, race or of political, religious or other opinions, by associating them together and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving their conditions of life
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(B) To establish, or secure the establishment, of a Community Centre (hereinafter called "the Centre") and to maintain and manage the same (whether alone or in cooperation with any local authority or other person or body) in furtherance of these objects;
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(C) To promote such other charitable purposes as may from time to time be determined.
Structure, Governance and Management
The TOGETHER SENSE is a Charity. It is governed by a constitution in order to achieve community needs. A management committee composed by 5 trustees is responsible for running the organisation. They meet once every six week to determine the affairs of the charity.
STATEMENT OF TRUSTEES RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charity law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed and approved on behalf of the trustees
MRS ELSIE SEMAKULA Chairperson
Date: 07/07/2024
MANAGEMENT COMMITTEES CERTIFICATE OF APPROVAL OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
We certify that the annexed accounts are in accordance with the records, information and explanations supplied by us as management committee members and have our approval.
For the year ended 31[st ] March 2024, the organisation was entitled to exemption from the audit under section 43 (2) of the charity Act 1993.
We acknowledge our responsibilities as Management Committee for:
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(i) Ensuring the organisation kept accounting records
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(ii) Prepare the accounts which give a true and fair view of the state of affairs of the organisations as at the end of the financial year, and its receipts and payments accounts for the financial year in accordance with the requirement of the charities Act 1993.
Signed by order of the management committee
MR KINGSLEYADDO-QUAYE Treasurer
Date: 07/07/2024
INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT
COMMITTEE ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts of the TOGETHER SENSE for the period ended 31[st] March 2024 which is set out on the foregoing pages.
Respective responsibilities of trustees and independent examiners:
As described in the Statement of Trustees responsibilities, the Charity's Trustees are responsible for the preparation of the financial statements for the year ended 31" March 2024 in accordance with applicable law and United Kingdom Standards (United Kingdom accepted Accounting Practice)
It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under S43 (7) of the Act whether particular matters have come to my attention.
Basis of Independent examiners report
In accordance with the instructions given to us, we have examined the annexed accounts from the information and explanations supplied to us by the management committee members and confirm that the figures are in agreement therewith.
Our examination includes a review of the accounting procedures and the considerations of any unusual items or disclosures in the accounts.
Independent examiners unqualified statement
Based on the results of our examination, we are of the opinion that the organisation has:
• Kept accounting records in accordance with section 41 of the Charities Act 1993.
• Prepared accounts which accord with the accounting records and comply with the accounting requirement the Charities Act 1993.
Community accounting services
Tchatchou Clarisse Officer of Charity Regulation London, E7 6PL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st ] MARCH 2024
| Unrestricted Funds Note Incoming resources £ Incoming resources from generated funds: Grants 2 0 Donations and contributions 80,263.48 Earned income 3 7,780.63 Total Incoming Resources 88,044.11 Resources Expanded Charitable Activities 458,968.40 Total Resources Expanded 58,968.40 Net Income Gross transfers between funds - 29,075.71 Reconciliation of funds : Total funds brought forward 40,098.21 Total funds Carried forward 69,173.92 |
Restricted Funds £ 42,998.21 - - 42,998.21 31,852.97 31,852.97 - 11,145.25 6,976.97 18,122.22 |
Total Funds March 2024 £ 42,998.21 80,263.48 7,780.63 131,042.32 90,821.37 90,821.37 - 40,220.96 47,075.18 87,296.14 |
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The charity has no recognised gain or deficits other than gain for the current year.
BALANCE SHEET AS AT 31[st ] MARCH 2024
| Note Fixed Assets Tangible Assets Currents Assets Debtors Prepayments & Accrued Income Cash at Bank and in hand Current Liabilities Creditors falling due within one year Accruals and Deferred Income 5 Net Current Assets Net Assets Fund balances at 1 April 2024 Net Income for the Year Restricted Income funds Unrestricted Income funds: Funds brought forward Total Charity Funds |
Total March 2024 £ 12,343.95 15,522.52 2,832.39 - 12,690.13 25,034.08 15,522.52 42,998.21 88,044.11 47,075.18 178,117.50 |
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The charity is entitled to exemption from audit under section 43(2) of the Charity Act 1993.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with the Companies Act 1985 and preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of financial year ending 31[st ] March 2024.
Signed and approved on behalf of the Committee on:
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MRS ELSIE SEMAKULA Chairperson
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st ] MARCH 2024.
1. ACCOUNTING POLICIES:
The charity’s accounting policies are as follows:-
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention, with the exception of investment, which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable UK Accounting Standards and the Companies Act 1985. The principal accounting policies adopted in the preparation of the financial statements are set out below.
(b) Incoming Resources
Voluntary Incoming including donations, and grants that provide core funding or are of general nature are recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when:
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The Donor specified that the grant or donation must only be used in future accounting periods; or
The donor has imposed donations, which must be met before the charity has unconditional entitlement.
Income from commercial trading activities (such as provision of interpreting and translation services) is recognised as earned (as the related goods and services are provided)
(c) Volunteering and donated services and facilities
The value of services provided by volunteering in not these financial statements. Further details of the contribution made by volunteers can be found in the trustees’ annual report.
Where services are provided to the charity as a donation that would normally be purchased form our suppliers, this contribution is included in the financial statements of the charity.
(d) Resources expanded
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.
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Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities.
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Governance Costs include those incurred in the governance of the charity and its assets and the primarily associated with constitutional and statutory requirements. These are no Costs associated with the Governance through out the year.
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Support costs include central functions and have been allocated to activity cost categorised on a basis consistent with the use of resources, e.g. allocating property costs by the floor areas, or per capita, staff costs by the time spent and other costs by their usage.
(e) Irrecoverable VAT
All resources expanded are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category or resources expended for which it was incurred: TOGETHER SENSE is not VAT register so can not recover any VAT incurred.
(f) Tangible Fixed Assets
Fixed Assets are classified as Computers, Office Equipments, Fixture and Fittings, The Charity recognised all Fixed Assets with any individual price and categorised in the Balance Sheet as follows:
Plant & Machinery, Fixture & Fitting, Computer equipment
(g) Funds structure
The Trusts has its main grants as restricted income funds to account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.
Other funds are classified as unrestricted Income funds. The Trustees intend to use part of the unrestricted funds for the development of the Charity to expanded and advance its services.
(h) Pensions
Employees of the charity are entitled to join the County Pension Scheme, but at the present time there is no employee volunteer to take any Pension Scheme.
(i) Restricted Funds
Restricted funds are to be used for specified purposes as lay down by the funder. Direct and support expenditure, which meets these criteria, is identified to the fund together with a fair allocation of other costs.
(j) Unrestricted Funds
Unrestricted funds are funds received which have no restrictions placed in their use and are available as general funds.
(k) Designated Funds
Designated funds are unrestricted funds earmarked by the committee of management for particular purposes.
(l) Revenue Income
Revenue grants are credited to incoming resources on the earlier of when they are received or when they are due.
(m) Allocation Costs
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.
| 2 Grants & Donations Unrestricted Funds ~~£~~ London Borough CD - Donations & contributions 80,263.48 Totals 80,263.48 3 Earned income Unrestricted Funds £ Fundraising income 7,780.63 Totals 7,780.63 |
Unrestricted Funds |
Restricted Funds |
March 2024 | |
|---|---|---|---|---|
| ~~£~~ ~~£~~ 42,998.21 42,998.21 - 80,263.48 42,998.21 123,261.69 Restricted Funds March 2024 £ £ 7,780.63 - 7,780.63 |
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4 Direct & Support Expenditure:
| Salary/ Tutors fees Rent/Rates/Light/Heating Travel/Transport Telephone/Fax Stationery/printing/postage Workshops/Youth & Children events/ sport Refreshments Publicity/ promotion Volunteer Expenses Indemnity/insurance Professional fees Membership and subscription Fees Volunteers Training Miscellaneous Expenses Resources Expended |
Unrestricted £ 13,139.20 6,940.65 |
Restricted £ 13,596.38 2,299.51 |
March2024 £ 26,735.58 9,240.16 |
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| 716.47 4,100.01 1,884.01 5,950.73 2,061.80 5,117.71 6,269.41 1,940.14 4,358.63 1,099.49 3,786.01 1,604.14 58,968.40 |
779.09 539.28 168.50 9,176.76 1,252.78 473.58 603.42 442.99 1,222.11 - 1,298.57 - 31,852.97 |
1,495.56 4,639.30 2,052.51 15,127.49 3,314.58 5,591.29 6,872.83 2,383.13 5,580.73 1,099.49 5,084.58 1,604.14 90,821.37 |