2020-11-01-accounts - Angellite

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Digitally Signed Document Document ID: E1E3ADAC99CD46

Document Details:

----- Start of picture text -----
1947-Charity accounts (final)-LMG-
Filename:
20211115-134305-798[3291420].PDF
Client of: Cobley Desborough
Signature Details
Name: Hilary Ugorji
Email: hilary.ugorji@angellite.org.uk
Date & Time: 17/11/2021 15:53:54 (GMT)
IP Address: 86.141.212.173
Angellite confirms that the information is correct and
Signing Statement:
complete to the best of their knowledge and belief.
----- End of picture text -----

Digital Certificate

The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.

----- Start of picture text -----
On behalf of: Cobley Desborough
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign
----- End of picture text -----

Please keep a copy of this document for your records. CobDes OpenSpace is powered by IRIS OpenSpace.

REGISTERED COMPANY NUMBER: 07069641 (England and Wales)
REGISTERED CHARITY NUMBER: 1137150

`Report of the Trustees and`

`Unaudited Financial Statements`

`for the Year Ended 30 November 2020`

`for`

`ANGELLITE`

Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

ANGELLITE

Contents of the Financial Statements
for the Year Ended 30 November 2020

	`Page`
`Report of the Trustees`	`1 to 4`
`Independent Examiner's Report`	`5 to 6`
`Statement of Financial Activities`	`7`
`Balance Sheet`	`8 to 9`
`Notes to the Financial Statements`	`10 to 16`
`Detailed Statement of Financial Activities`	`17`

ANGELLITE

Report of the Trustees
for the Year Ended 30 November 2020

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended30November2020. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`Objectives and activities`

`Objectives and aims`

The objectives of the charity are:-

a. To promote the education in such ways to promote public good.
b. The relief of financial hardship.
c. The relief of sickness and the preservation of health.
d. The relief of financial need and suffering among victims of natural or other kinds of disaster.
e. The promotion of sustainable development means of development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

`Achievement and performance`

`Charitable activities`

Intheyear2019/20thecharitycontinuedtopursueourpublichealthprogramswithinour communities.
Weexpandedouroutreacheswiththedigitalskillacquisitionprojectdesignedtohelp unemployable
youthstogainpracticalworkplaceskillsandbecomeemployable.Infurtherancetothesuccessso far
attained,wecontinuedtoengageouractivitiesonfundraisingandseekingdonationstowardsour wider
charitableobjectsineducation,womenandchildren'shealth,internationaldevelopment,emergency and
disaster reliefs, and continuous research activities.

As notedabove,our group'spublic healthprojectsand the digitalskill acquisitionsprojectshave reinforced
ourvisionsandconvictionsthatourcharitycancomeupwithprogramsinpartnershipwith benefiting
communitiesandotherstakeholders,in addressingidentifiedissues,aswellasensuringsustainability. We
wanttorecognisethattheknowledgeandskillsbroughtonboardbythenumerousvolunteers were
instrumental to the successful completion of our activities.

Page 1

Report of the Trustees
for the Year Ended 30 November 2020

`ANGELLITE`

`Achievement and performance IMPACT OF COVID-19`

LockdownsandsocialdistancingregulationshavemadelifeharderforallcharitiesandAngelliteisnot an
exception.Thesecondlockdownequallingcompoundingmanyoftheissuesdescribedabove.Our charity
found it difficultto continue,at least during the extremecovid-compliantmeasures.We like other charities
wereunabletogenerateenoughfundstoimplementourinterventionsandhencesought alternative
measures to survive.

SinceMarch2020,nearlyallcharitieshavehadtoadapttheirdeliverymodel.Formost,thishas meant
movingsomeaspectsoftheirworkonlineandworkingremotelytocomplywithsocial distancing
regulations.Somecharities,servicesandcommunitiesarebettersuitedtoaremotedeliverymodel than
others.Angellitehasadaptedadmirably,butthedigitalplatformisnotareplacementfor face-to-face
deliveryasithasitsdrawbacks,notleastthatmanyofthepeoplethatcharitiesworkwithare digitally
excluded in some way.

Further,ourcharitycontinuedtomaintainsignificantlyreducedoverheadsbyengagingthe generous
supportsfromour volunteers.Angelliteremainscommittedto efficientlytargetinggrantsso that they have
a maximumeffect.However,noneof whatis achievedyearin and yearoutwouldbe possiblewithout the
incredible support from our wonderful donors, wellwishers and trustees.

Ontheinternationalstage,ourcharityreceivedgrantstocontinueitseducationandhealthprojects in
Africa.Thehealthprojectscontinuedtofocusonaddressingprevalentratesofinfantmortality and
improvingthematernalhealthof pregnantand nursingmothers.Theeducationprojecton theother hand
continuestoencouragetherecruitsandretentionsofschool-agechildrenespeciallygirlsinto primary
schools and continue to encourage the children to ensure they attain basic primary education.

The charityplans wouldplay majorrolesin the PublicHealthChallengesin the UK especiallyas it relates to
theBAMEpopulations.Wewillcontinuetosourcegrantsandfundingtoimplementinterventions and
strategiesaddressingyouthunemploymentandhomelessness.Thecharitywouldaswellseekfunding for
the implementationof our internationaloutreachprogramson education,womenhealth,infant mortality,
and disaster reliefs and continue to partner with leading NGOs in relevant collaborative fields.

Ourcharityismoredeterminedtoraisemore,domoretohelpmorecommunities.Wehopetobuck the
trends and continue the great works in our communities and internationally.

ThetrusteesconfirmthattheyhaveareferraltotheCharityCommission'sguidanceonthepublic benefit
when reviewing Charity's aims and objectives in planning future activities and policies.

`Financial review`

`Funds in deficit`

At30November2020thecharitydidnothaveanyunrestrictedcorereserves.Thefundhasfallen from
£7,265in2019toadeficitof£8,111in2020.Asatthebalancesheetdateprospectivefunders had
guaranteedtoprovidefuturefundingtocoverprojectcostsundertakenduringtheyearthathad resulted
in reservesfallingintodeficit.AtthedateofsigningtheReportoftheTrustees,thecharityhasreceived a
grant of £15,000 which has now brought core reserves into a positive and satisfactory position.

Page 2

ANGELLITE

Report of the Trustees
for the Year Ended 30 November 2020

`Structure, governance and management`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,TheMemorandumandArticlesofAssociation dated
6thNovember2009,as amendedby resolutiondated30thJune2010,andconstitutesa limited company,
limited by guarantee, as defined by the Companies Acts 2006.

`Organisational structure`

Thecharity'sactivitiesareoverseenbythetrusteeswhomeetregularlytodiscussthe activities,
programmesandbudgetsofthecharity.Thecharity'sdailyoperationsareconductedbya volunteered
programmes officer, Mr P Anyaoma, who reports to the trustees on a daily basis.

`Reference and administrative details Registered Company number`

07069641 (England and Wales)

`Registered Charity number`

`Registered office`

Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

`Trustees`

Mr O C H Ugorji Trustee (appointed 24.12.20)
Miss N N Nwachukwu Trustee
Mr K U Peters Trustee
Mr J Poke Trustee

`Independent Examiner`

T M Cobley
FCCA
Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

Page 3

ANGELLITE

Report of the Trustees
for the Year Ended 30 November 2020

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by:

Miss N N Nwachukwu - Trustee

Page 4

Independent Examiner's Report to the Trustees of
Angellite

`Independent examiner's report to the trustees of Angellite ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 November 2020.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.

Page 5

Independent Examiner's Report to the Trustees of
Angellite

`Independent examiner's statement`

I have completedmy examination.I confirmthat no mattershave come to my attentionin connection with
the examination giving me cause to believe:

1. 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 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

T M Cobley
FCCA
Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

15 November 2021

Page 6

`ANGELLITE`

`Statement of Financial Activities`

`(Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2020`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `16,708` `EXPENDITURE ON` `Charitable activities` `International aid & development` `31,240` `Other` `844` `Total` `32,084` `NET INCOME/(EXPENDITURE)` `(15,376)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `7,265` `TOTAL FUNDS CARRIED FORWARD` `(8,111)`	`Restricted` `funds` `£` `75,833` `75,833` `-` `75,833` `-` `-` `-`	`2020` `Total` `funds` `£` `92,541` `107,073` `844` `107,917` `(15,376)` `7,265` `(8,111)`	`2019` `Total` `funds` `£` `127,651` `128,280` `780` `129,060` `(1,409)` `8,674` `7,265`

The notes form part of these financial statements

Page 7

`ANGELLITE`

`Balance Sheet 30 November 2020`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `CURRENT ASSETS` `Cash at bank` `26,642` `-` `CREDITORS` `Amounts falling due within one year` `6` `(2,949)` `-` `NET CURRENT ASSETS` `23,693` `-` `TOTAL ASSETS LESS CURRENT LIABILITIES` `23,693` `-` `CREDITORS` `Amounts falling due after more than one` `year` `7` `(31,804)` `-` `NET ASSETS` `(8,111)` `-` `FUNDS` `9` `Unrestricted funds` `TOTAL FUNDS`	`2020` `Total` `funds` `£` `26,642` `(2,949)` `23,693` `23,693` `(31,804)` `(8,111)` `(8,111)` `(8,111)`	`2019` `Total` `funds` `£` `8,045` `(780)` `7,265` `7,265` `-` `7,265` `7,265` `7,265`

The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 30 November 2020.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

Page 8

ANGELLITE

Balance Sheet - continued
30 November 2020

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
15 November 2021 and were signed on its behalf by:

Miss N N Nwachukwu - Trustee

The notes form part of these financial statements

Page 9

ANGELLITE

Notes to the Financial Statements
for the Year Ended 30 November 2020

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard
applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

`Income`

Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Computer equipment- 33% on cost

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.

Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the  charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.

Page 10

ANGELLITE

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

`1. ACCOUNTING POLICIES - continued`

`Going concern`

The currenteconomicconditionspresentincreasedrisksfor all businessesand charities.In response
tosuchconditions,thedirectorshavecarefullyconsideredtheserisks,includinganassessment of
uncertaintyonfuturecashflowprojectionsfora periodofatleasttwelvemonthsfromthedate of
signingthefinancialstatements,andtheextenttowhichtheymightaffectthepreparationof the
financial statements on a going concern basis.

Basedonthisassessment,thedirectorsconsiderthattheCharitymaintainsanappropriatelevel of
liquidity,sufficienttomeetthedemandsoftheCharityincludinganycapitaland servicing
obligations of external liabilities.

Inaddition,theCharity'sassetsareassessedforrecoverabilityonaregularbasis,andthe directors
considerthat the Companyis not exposedto lossesof these assetswhich would affecttheir  decision
to adopt the going concern basis.

ThedirectorsarethereforesatisfiedandhaveareasonableexpectationthattheCharity has
adequateresourcestocontinueinoperationalexistencefortheforeseeablefutureandthat there
are no materialuncertaintiesthat lead to significantdoubt upon the Charity'sabilityto continueas a
goingconcern.Furtherdetailis providedin theFundsin deficitnotein theFinancialReview section
oftheReportoftheTrustees.Thesefinancialstatementshavethereforebeenpreparedona going
concern basis.

`2. DONATIONS AND LEGACIES`

`DONATIONS AND LEGACIES`
`Grants` `Donations`	`2020` `£` `90,833` `1,708` `92,541`	`2019` `£` `126,392` `1,259`
		`127,651`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2020 nor
for the year ended 30 November 2019.

Page 11

ANGELLITE

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

`3. TRUSTEES' REMUNERATION AND BENEFITS - continued`

`Trustees' expenses`

No expenses were reimbursed to trustees during the year (2019: £Nil).

`4.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES` `Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `1,259` `EXPENDITURE ON` `Charitable activities` `International aid & development` `1,888` `Other` `780` `Total` `2,668` `NET INCOME/(EXPENDITURE)` `(1,409)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `8,674` `TOTAL FUNDS CARRIED FORWARD` `7,265`	`Restricted` `funds` `£` `126,392` `126,392` `-` `126,392` `-` `-` `-`	`Total` `funds` `£` `127,651` `128,280` `780` `129,060` `(1,409)` `8,674` `7,265`

Page 12

`ANGELLITE`

`Notes to the Financial Statements - continued for the Year Ended 30 November 2020`

`5. TANGIBLE FIXED ASSETS`

Cost
At 1 December 2019 and
30 November 2020
Depreciation
At 1 December 2019 and
30 November 2020
Net book value
At 30 November 2020
At 30 November 2019
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 8)
Accrued expenses
7.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 8)
8.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years Computer
equipment
£
5,235
5,235
-
-
2020
2019
£
£
2,133
-
816
780
2,949
780
2020
2019
£
£
31,804
-
2020
2019
£
£
2,133
-
6,507
-
20,524
-

Page 13

`ANGELLITE`

`Notes to the Financial Statements - continued for the Year Ended 30 November 2020`

`8.` `LOANS - continued` `Amounts falling due in more than five years:` `Repayable by instalments:` `Bank loans more 5 yr by instal` `9.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `TOTAL FUNDS` `Net movement in funds, included in the above are as follows:` `Unrestricted funds` `General fund` `Restricted funds` `McArthur Foundation` `TOTAL FUNDS` `Comparatives for movement in funds` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`8.` `LOANS - continued` `Amounts falling due in more than five years:` `Repayable by instalments:` `Bank loans more 5 yr by instal` `9.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `TOTAL FUNDS` `Net movement in funds, included in the above are as follows:` `Unrestricted funds` `General fund` `Restricted funds` `McArthur Foundation` `TOTAL FUNDS` `Comparatives for movement in funds` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`At` `1/12/19` `£` `7,265` `7,265` `Incoming` `resources` `£` `16,708` `75,833` `92,541` `At` `1/12/18` `£` `8,674` `8,674`	`2020` `2019` `£` `£` `4,773` `-` `Net` `movement` `At` `in funds` `30/11/20` `£` `£` `(15,376)` `(8,111)` `(15,376)` `(8,111)` `Resources` `Movement` `expended` `in funds` `£` `£` `(32,084)` `(15,376)` `(75,833)` `-` `(107,917)` `(15,376)` `Net` `movement` `At` `in funds` `30/11/19` `£` `£` `(1,409)` `7,265` `(1,409)` `7,265`

Page 14

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

`ANGELLITE`

`9. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `McArthur Foundation` `TOTAL FUNDS`	`Incoming` `resources` `£` `1,259` `126,392` `127,651`	`Resources` `Movement` `expended` `in funds` `£` `£` `(2,668)` `(1,409)` `(126,392)` `-` `(129,060)` `(1,409)`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Net` `At` `movement` `At` `1/12/18` `in funds` `30/11/20` `£` `£` `£` `8,674` `(16,785)` `(8,111)` `8,674` `(16,785)` `(8,111)`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `McArthur Foundation` `TOTAL FUNDS`	`Incoming` `resources` `£` `17,967` `202,225` `220,192`	`Resources` `Movement` `expended` `in funds` `£` `£` `(34,752)` `(16,785)` `(202,225)` `-` `(236,977)` `(16,785)`

Page 15

ANGELLITE

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

`9. MOVEMENT IN FUNDS - continued`

TheMcArthurFoundationgrantisagranttofundprojectsinNigeriaruninpartnership with
GabasawaWomenand ChildrenInitiativetosupportmarginalisedand deprivedvictimsof wars and
displaced people.

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 30 November 2020.

Page 16

`ANGELLITE`

`Detailed Statement of Financial Activities for the Year Ended 30 November 2020`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Grants` `Donations` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Bank charges` `Project costs` `Support costs` `Governance costs` `Accountancy fees` `Total resources expended` `Net expenditure`	`2020` `£` `90,833` `1,708` `92,541` `92,541` `-` `107,073` `107,073` `844` `107,917` `(15,376)`	`2019` `£` `126,392` `1,259` `127,651` `127,651` `18` `128,262` `128,280` `780` `129,060` `(1,409)`

This page does not form part of the statutory financial statements

Page 17