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 2021
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 2021
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 to 6 |
Statement of Financial Activities |
7 |
Statement of Financial Position |
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 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended30November2021. 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.
Page 1
ANGELLITE
Report of the Trustees
for the Year Ended 30 November 2021
Achievement and performance
Charitable activities
Intheyear2020/21thecharitycontinuedtopursueitspublichealthprogramswithinour communities.
Furtherinroadwasmadewiththepreviouslyluncheddigitalskillacquisitionprojectdesignedto help
unemployableyouthstogainpracticalworkplaceskillsandbecomeemployable.Infurtheranceto the
successsofarattained,wecontinuedengageouractivitiesonfundraisingandseekingdonations towards
ourwidercharitableobjectsineducation,womenandchildren'shealth,international development,
emergency and disaster reliefs, and continuous research activities.
As notedabove,our group'spublichealthprojectsand the digitalskillacquisitionsprojectshave reinforced
our visionsand convictionsthat our charityis able to come up with programsin partnershipwith benefiting
communitiesandotherstakeholders,in addressingidentifiedissues,aswellasensuringsustainability. We
want to recognisethat the knowledgeand skillsbroughton boardby the numerousvolunteerswhich were
instrumental to the successful completion of our activities.
Wecontinuedtomaintainsignificantlyreducedoverheadsbyengagingthegeneroussupportsfrom our
volunteers.Angelliteremainscommittedto efficientlytargetinggrants so that they have a maximum effect.
However,noneofwhatisachievedyearin andyearoutwouldbepossiblewithouttheincredible support
from our wonderful donors, wellwishers and trustees.
Ontheinternationalstage,ourcharityreceivedgrantstocontinueitseducationandhealthprojects in
Africa.Thehealthprojectscontinuedtofocusonaddressingprevalentratesofinfantmortalityand to
improvethematernalhealth'sofpregnantandnursingmothers.Theeducationprojectontheother hand
was used to stimulatethe recruitsand retentionsof school age childrenespeciallygirls into primary schools
inNorthernNigeria.Theprojectshavethusfarbeenusedtoencouragetheattainmentofbasic primary
education.
ThecharityfutureplanswouldplaymajorrolesinthePublicHealthChallengesintheUKespeciallyas it
relatestotheBAMEpopulations(AccessandOrganDonations.Wewillcontinuetosourceforgrants and
funding to implementinterventionsand strategiesaddressingyouth unemploymentand homelessness. The
charitywouldaswellseekfundingfortheimplementationofourinternationaloutreachprograms on
education,womenhealth,infantmortality,and disasterreliefsand continueto partnerwithleading 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 the Charity's aims and objectives in planning future activities and policies.
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
Page 2
ANGELLITE
Report of the Trustees
for the Year Ended 30 November 2021
Financial review
Funds in deficit
As at 30 November2021,the charitydid not have unrestrictedcore reserves.The deficitis £11,426 which
has increasedsince 2020 when it was £8,111.It was difficultto secure funding during the period due to the
effectofCOVID-19andageneraloversubscriptionforgrantfunding.However,ourtrusteeshave been
promisedmore grants in the currentyear and we hope that grants will materialiseto offsetthe deficits and
return it to a positive position.
Structure, governance and management
Governing document
Thecharityiscontrolledbyitsgoverningdocument,TheMemorandumandArticlesofAssociation dated
6thNovember2009,asamendedbyresolutiondated30thJune2010,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
1137150
Registered office
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF
Trustees
Mr O C H Ugorji Director (appointed 24.12.20)
Miss N N Nwachukwu Trustee
Mr K U Peters Trustee
Mr J Poke Trustee
Page 3
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2021
Reference and administrative details
Independent Examiner
T M Cobley
FCCA
Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
Approved by order of the board of trustees on 18 October 2022 and signed on its behalf by:
Mr J Poke - 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 2021.
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').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsas carried out under section145 of the CharitiesAct 2011 ('the 2011 Act'). In carrying out
my examinationI have followedthe Directionsgiven by the CharityCommissionunder section145(5)(b) of
the 2011 Act.
Page 5
Independent Examiner's Report to the Trustees of
Angellite
Independent examiner's statement - matters of concern identified
I have completed my examination.
Ihaveidentifiedmattersofconcerninmyreportduetoaoneofflapseinthekeepingof accounting
records.
Inotedalapseinthekeepingofaccountrecordsasthecharitywasunabletoprovide supporting
documentationtoevidencefromwhommonieshadbeenreceivedorpaidtoasthesedocuments were
mislaidby the charity,to supportthe entriescontainedon the bank statementsprovidedto me.You have
confirmedthatthiswasa one-offlapseandfollowingthis,youhaveestablishedproceduresand protocols
to ensure that this will not occur in future years.
As the examiner,I havejudgedthatit was not a matterof materialsignificantand so therewas no duty to
report directly to the Commission.
I confirmthatnoothermattershavecometomyattentioninconnectionwiththeexaminationgiving me
reasonable cause to believe that in any material respect:
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; and
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)).
Iconfirmthattherearenoothermatterstowhichyourattentionshouldbedrawntoenablea proper
understanding of the accounts to be reached.
T M Cobley
FCCA
Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
NN4 7BF
18 October 2022
Page 6
ANGELLITE
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
47,319
EXPENDITURE ON
Charitable activities
International aid & development
49,554
Other
1,080
Total
50,634
NET INCOME/(EXPENDITURE)
(3,315)
RECONCILIATION OF FUNDS
Total funds brought forward
(8,111)
TOTAL FUNDS CARRIED FORWARD
(11,426) |
Restricted
funds
£
31,549
31,549
-
31,549
-
-
- |
2021
Total
funds
£
78,868
81,103
1,080
82,183
(3,315)
(8,111)
(11,426) |
2020
Total
funds
£
92,541
107,073
844
107,917
(15,376)
7,265
(8,111) |
|
|
|
|
The notes form part of these financial statements
Page 7
ANGELLITE
Statement of Financial Position 30 November 2021
Unrestricted
Restricted
fund
funds
Notes
£
£
CURRENT ASSETS
Cash at bank
23,805
-
CREDITORS
Amounts falling due within one year
6
(4,029)
-
NET CURRENT ASSETS
19,776
-
TOTAL ASSETS LESS CURRENT LIABILITIES
19,776
-
CREDITORS
Amounts falling due after more than one
year
7
(31,202)
-
NET ASSETS
(11,426)
-
FUNDS
9
Unrestricted funds
TOTAL FUNDS |
2021
Total
funds
£
23,805
(4,029)
19,776
19,776
(31,202)
(11,426)
(11,426)
(11,426) |
2020
Total
funds
£
26,642
(2,949)
23,693
23,693
(31,804)
(8,111)
(8,111)
(8,111) |
|
|
|
Thecharitablecompanyis entitledto exemptionfromauditunderSection477of theCompaniesAct 2006
for the year ended 30 November 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 30 November 2021 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
Statement of Financial Position - continued
30 November 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
18 October 2022 and were signed on its behalf by:
Mr J Poke - Trustee
The notes form part of these financial statements
Page 9
ANGELLITE
Notes to the Financial Statements
for the Year Ended 30 November 2021
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'TheFinancialReporting Standard
applicablein theUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeisrecognisedin 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 particularrestrictedpurposeswithinthe objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
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.
Page 10
ANGELLITE
Notes to the Financial Statements - continued
for the Year Ended 30 November 2021
1. ACCOUNTING POLICIES - continued
Going concern
Basedonthisassessment,thedirectorsconsiderthattheCharitymaintainsanappropriatelevel of
liquidity,sufficientto meet the demandsof the Charityincludingany capital and 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
Grants
Donations |
2021
£
76,638
2,230
78,868 |
2020
£
90,833
1,708 |
|
|
92,541 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2021 nor
for the year ended 30 November 2020.
Trustees' expenses
No expenses were reimbursed to trustees during the year (2020: £Nil).
Page 11
ANGELLITE
Notes to the Financial Statements - continued
for the Year Ended 30 November 2021
4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
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)
5.
TANGIBLE FIXED ASSETS
Cost
At 1 December 2020 and
30 November 2021
Depreciation
At 1 December 2020 and
30 November 2021
Net book value
At 30 November 2021
At 30 November 2020 |
Restricted
Total
funds
funds
£
£
75,833
92,541
75,833
107,073
-
844
75,833
107,917
-
(15,376)
-
7,265
-
(8,111)
Computer
equipment
£
5,235
5,235
-
- |
|
|
Page 12
ANGELLITE
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
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
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal |
2021
£
2,133
1,896
4,029
2021
£
31,202
2021
£
2,133
6,507
20,524
4,171 |
2020
£
2,133
816
2,949
2020
£
31,804 |
2020
£
2,133
816 |
|
|
|
2,949 |
|
|
2020
£
2,133 |
|
|
|
6,507 |
|
|
|
20,524 |
|
|
|
4,773 |
|
Page 13
ANGELLITE
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
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 |
Net
At
movement
At
1/12/20
in funds
30/11/21
£
£
£
(8,111)
(3,315)
(11,426)
(8,111)
(3,315)
(11,426)
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
47,319
(50,634)
(3,315)
31,549
(31,549)
-
78,868
(82,183)
(3,315)
Net
At
movement
At
1/12/19
in funds
30/11/20
£
£
£
7,265
(15,376)
(8,111)
7,265
(15,376)
(8,111) |
|
|
Page 14
ANGELLITE
Notes to the Financial Statements - continued
for the Year Ended 30 November 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
16,708 |
(32,084) |
(15,376) |
Restricted funds |
|
|
|
McArthur Foundation |
75,833 |
(75,833) |
- |
TOTAL FUNDS |
92,541 |
(107,917) |
(15,376) |
A current year 12 months and prior year 12 months combined position is as follows: |
|
|
|
|
|
Net |
|
|
At |
movement |
At |
|
1/12/19 |
in funds |
30/11/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
7,265 |
(18,691) |
(11,426) |
TOTAL FUNDS |
7,265 |
(18,691) |
(11,426) |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
64,027 |
(82,718) |
(18,691) |
Restricted funds |
|
|
|
McArthur Foundation |
107,382 |
(107,382) |
- |
TOTAL FUNDS |
171,409 |
(190,100) |
(18,691) |
TheMcArthurFoundationgrantisagranttofundprojectsinNigeriaruninpartnership with
GabasawaWomenandChildrenInitiativetosupportmarginalisedanddeprivedvictimsofwars and
displaced people.
Page 15
ANGELLITE
Notes to the Financial Statements - continued
for the Year Ended 30 November 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2021.
Page 16
ANGELLITE
Detailed Statement of Financial Activities for the Year Ended 30 November 2021
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 |
2021
£
76,638
2,230
78,868
78,868
18
81,085
81,103
1,080
82,183
(3,315) |
2020
£
90,833
1,708
92,541
92,541
-
107,073
107,073
844
107,917
(15,376) |
|
|
|
This page does not form part of the statutory financial statements
Page 17