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 2023
for
ANGELLITE
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
ANGELLITE
Contents of the Financial Statements for the Year Ended 30 November 2023
| 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 | 14 |
| Detailed Statement of Financial Activities | 15 |
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the 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 2023
Achievement and performance
Charitable activities
In the year 2022/23 the charity continued to pursue its public health programs within our communities. Further inroad was made with the previously launched digital skill acquisition project designed to help unemployable youths to gain practical workplace skills and become employable. In furtherance to the success so far attained, we continued engage our activities on fundraising and seeking donations towards our wider charitable objects in education, women and children's health, international development, emergency and disaster reliefs, and continuous research activities.
As noted above, our group's public health projects and the digital skill acquisitions projects is the centre of our current synergy, however, we did not the much anticipated funding and grants. We want to acknowledge that the knowledge and skills brought on board by the numerous volunteers which were instrumental to the successful completion of our activities.
We continued to maintain significantly reduced overheads by engaging the generous supports from our volunteers. Angellite remains committed to efficiently targeting grants so that they have a maximum effect. However, none of what is achieved year in and year out would be possible without the incredible support from our wonderful donors, wellwishers and trustees.
On the international stage, our charity received grants to continue its education and health projects in Africa. The health projects continued to focus on addressing prevalent rates of infant mortality and to improve the maternal health's of pregnant and nursing mothers. The education project on the other hand continued to recruit and retention school age children especially girls into primary schools, so as to attain basic primary education in Northern Nigeria.
The charity future plans would play major roles in the Public Health Challenges in the UK especially as it relates to the BAME populations (Access and Organ Donations. We will continue to source for grants and funding to implement interventions and strategies addressing youth unemployment and homelessness. The charity would as well seek funding for the implementation of our international outreach programs on education, women health, infant mortality, and disaster reliefs and continue to partner with leading NGOs in relevant collaborative fields.
Our charity is more determined to raise more, do more to help more communities. We hope to buck the trends and continue the great works in our communities and internationally.
The trustees confirm that they have a referral to the Charity Commission's guidance on the public benefit when reviewing the Charity's aims and objectives in planning future activities and policies.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Financial review
Funds in deficit
As at 30 November 2023, the charity did not have unrestricted core reserves. The deficit is £37,765 which has increased since 2022 when it was £30,626. It was difficult to secure funding during the period due to the effect of COVID-19 and a general oversubscription for grant funding. However, our trustees have been promised more grants in the current year and we hope that grants will materialise to offset the deficits and return it to a positive position.
Page 2
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
Structure, governance and management
Governing document
The charity is controlled by its governing document, The Memorandum and Articles of Association dated 6th November 2009, as amended by resolution dated 30th June 2010, and constitutes a limited company, limited by guarantee, as defined by the Companies Acts 2006.
Organisational structure
The charity's activities are overseen by the trustees who meet regularly to discuss the activities, programmes and budgets of the charity. The charity's daily operations are conducted by a 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
121-123 St James Road Northampton Northamptonshire NN5 5LD
Trustees
Mr O C H Ugorji Director Miss N N Nwachukwu Trustee Mr K U Peters Trustee Mr J Poke Trustee
Independent Examiner
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
Page 3
Report of the Trustees for the Year Ended 30 November 2023
ANGELLITE
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 14 October 2024 and signed on its behalf by:
Mr J oke - Trustee
Page 4
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's report to the trustees of Angellite ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 5
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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)).
I have no concerns and 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.
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
14 October 2024
Page 6
ANGELLITE
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Charitable activities International aid & development Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund Restricted funds 2023 Total funds 2022 Total funds £ £ £ £ 73,264 73,264 38,823 |
|---|---|
| 80,403 80,403 58,023 |
|
| 80,403 80,403 58,023 |
|
| (7,139) (7,139) (19,200) (30,626) (30,626) (11,426) |
|
| (37,765) (37,765) (30,626) |
The notes form part of these financial statements
Page 7
ANGELLITE
Statement of Financial Position 30 November 2023
| Notes CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund Restricted funds £ £ - 4,986 |
2023 Total funds 2022 Total funds £ £ - 3,600 4,986 1,425 |
|
|---|---|---|---|
| 4,986 (11,549) |
4,986 5,025 (11,549) (4,449) |
||
| (6,563) | (6,563) 576 |
||
| (6,563) (31,202) |
(6,563) 576 (31,202) (31,202) |
||
| (37,765) | (37,765) (30,626) (37,765) (30,626) |
||
| (37,765) (30,626) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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
30 November 2023
Statement of Financial Position - continued
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2024 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds 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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The current economic conditions present increased risks for all businesses and charities. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future cash flow projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
Page 10
ANGELLITE Notes to the Financial Statements - continued for the Year Ended 30 November 2023
1. ACCOUNTING POLICIES - continued
Going concern
Based on this assessment, the directors consider that the Charity maintains an appropriate level of liquidity, sufficient to meet the demands of the Charity including any capital and servicing obligations of external liabilities.
In addition, the Charity's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.
The directors are therefore satisfied and have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Charity's ability to continue as a going concern. Further detail is provided in the Funds in deficit note in the Financial Review section of the Report of the Trustees. These financial statements have therefore been prepared on a going concern basis.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |
|---|---|
| Grants Donations |
2023 2022 £ £ 22,000 - 51,264 38,823 |
| 73,264 38,823 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.
Trustees' expenses
No expenses were reimbursed to trustees during the year. (2023-£Nil) - (2022: £Nil).
Page 11
ANGELLITE
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted Total | |||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | - | 73,264 | 73,264 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| International aid & development | - | 79,951 | 79,951 | |
| Other | - | 452 | 452 | |
| Total | - |
80,403 | 80,403 | |
| NET INCOME/(EXPENDITURE) | (7,139) | (7,139) | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | (30,626) | (30,626) | ||
| TOTAL FUNDS CARRIED FORWARD | (37,765) | (37,765) | ||
| 5. | TANGIBLE FIXED ASSETS | |||
| Computer | ||||
| equipment | ||||
| £ | ||||
| Cost | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Depreciation | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Net book value | ||||
| At 30 November 2023 | ||||
| At 30 November 2022 |
Page 12
ANGELLITE
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 6. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Accrued expenses 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR -Bank loans (see note 9) 9. 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 |
2023 2022 £ £ 3,600 2023 2022 £ £ 8,733 2,133 2,816 2,316 11,549 4,449 2023 2022 £ £ 31,202 31,202 2023 2022 £ £ 2,133 2,133 6,507 6,507 20,524 20,524 4,171 4,171 |
|
|---|---|---|
Page 13
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
ANGELLITE
10. RELATED PARTY DISCLOSURES
Included within bank loan is £6,600 in respect of a sum transferred to Ange Consulting Limited, a company controlled by the trustee Mr O C H Ugorji.
Page 14
ANGELLITE
Detailed Statement of Financial Activities
for the Year Ended 30 November 2023
| 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 |
2023 £ 2022 £ 51,264 22,000 38,823 |
|---|---|
| 73,264 38,823 |
|
| 73,264 38,823 (48) (38) 79,951 56,783 |
|
| 79,903 56,745 500 1,278 |
|
| 80,403 58,023 |
|
| (7,139) (19,200) |
This page does not form part of the statutory financial statements
Page 15
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 2023
for
ANGELLITE
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
ANGELLITE
Contents of the Financial Statements for the Year Ended 30 November 2023
| 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 | 14 |
| Detailed Statement of Financial Activities | 15 |
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the 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 2023
Achievement and performance
Charitable activities
In the year 2022/23 the charity continued to pursue its public health programs within our communities. Further inroad was made with the previously launched digital skill acquisition project designed to help unemployable youths to gain practical workplace skills and become employable. In furtherance to the success so far attained, we continued engage our activities on fundraising and seeking donations towards our wider charitable objects in education, women and children's health, international development, emergency and disaster reliefs, and continuous research activities.
As noted above, our group's public health projects and the digital skill acquisitions projects is the centre of our current synergy, however, we did not the much anticipated funding and grants. We want to acknowledge that the knowledge and skills brought on board by the numerous volunteers which were instrumental to the successful completion of our activities.
We continued to maintain significantly reduced overheads by engaging the generous supports from our volunteers. Angellite remains committed to efficiently targeting grants so that they have a maximum effect. However, none of what is achieved year in and year out would be possible without the incredible support from our wonderful donors, wellwishers and trustees.
On the international stage, our charity received grants to continue its education and health projects in Africa. The health projects continued to focus on addressing prevalent rates of infant mortality and to improve the maternal health's of pregnant and nursing mothers. The education project on the other hand continued to recruit and retention school age children especially girls into primary schools, so as to attain basic primary education in Northern Nigeria.
The charity future plans would play major roles in the Public Health Challenges in the UK especially as it relates to the BAME populations (Access and Organ Donations. We will continue to source for grants and funding to implement interventions and strategies addressing youth unemployment and homelessness. The charity would as well seek funding for the implementation of our international outreach programs on education, women health, infant mortality, and disaster reliefs and continue to partner with leading NGOs in relevant collaborative fields.
Our charity is more determined to raise more, do more to help more communities. We hope to buck the trends and continue the great works in our communities and internationally.
The trustees confirm that they have a referral to the Charity Commission's guidance on the public benefit when reviewing the Charity's aims and objectives in planning future activities and policies.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Financial review
Funds in deficit
As at 30 November 2023, the charity did not have unrestricted core reserves. The deficit is £37,765 which has increased since 2022 when it was £30,626. It was difficult to secure funding during the period due to the effect of COVID-19 and a general oversubscription for grant funding. However, our trustees have been promised more grants in the current year and we hope that grants will materialise to offset the deficits and return it to a positive position.
Page 2
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
Structure, governance and management
Governing document
The charity is controlled by its governing document, The Memorandum and Articles of Association dated 6th November 2009, as amended by resolution dated 30th June 2010, and constitutes a limited company, limited by guarantee, as defined by the Companies Acts 2006.
Organisational structure
The charity's activities are overseen by the trustees who meet regularly to discuss the activities, programmes and budgets of the charity. The charity's daily operations are conducted by a 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
121-123 St James Road Northampton Northamptonshire NN5 5LD
Trustees
Mr O C H Ugorji Director Miss N N Nwachukwu Trustee Mr K U Peters Trustee Mr J Poke Trustee
Independent Examiner
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
Page 3
Report of the Trustees for the Year Ended 30 November 2023
ANGELLITE
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 14 October 2024 and signed on its behalf by:
Mr J oke - Trustee
Page 4
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's report to the trustees of Angellite ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 5
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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)).
I have no concerns and 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.
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
14 October 2024
Page 6
ANGELLITE
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Charitable activities International aid & development Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund Restricted funds 2023 Total funds 2022 Total funds £ £ £ £ 73,264 73,264 38,823 |
|---|---|
| 80,403 80,403 58,023 |
|
| 80,403 80,403 58,023 |
|
| (7,139) (7,139) (19,200) (30,626) (30,626) (11,426) |
|
| (37,765) (37,765) (30,626) |
The notes form part of these financial statements
Page 7
ANGELLITE
Statement of Financial Position 30 November 2023
| Notes CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund Restricted funds £ £ - 4,986 |
2023 Total funds 2022 Total funds £ £ - 3,600 4,986 1,425 |
|
|---|---|---|---|
| 4,986 (11,549) |
4,986 5,025 (11,549) (4,449) |
||
| (6,563) | (6,563) 576 |
||
| (6,563) (31,202) |
(6,563) 576 (31,202) (31,202) |
||
| (37,765) | (37,765) (30,626) (37,765) (30,626) |
||
| (37,765) (30,626) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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
30 November 2023
Statement of Financial Position - continued
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2024 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds 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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The current economic conditions present increased risks for all businesses and charities. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future cash flow projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
Page 10
ANGELLITE Notes to the Financial Statements - continued for the Year Ended 30 November 2023
1. ACCOUNTING POLICIES - continued
Going concern
Based on this assessment, the directors consider that the Charity maintains an appropriate level of liquidity, sufficient to meet the demands of the Charity including any capital and servicing obligations of external liabilities.
In addition, the Charity's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.
The directors are therefore satisfied and have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Charity's ability to continue as a going concern. Further detail is provided in the Funds in deficit note in the Financial Review section of the Report of the Trustees. These financial statements have therefore been prepared on a going concern basis.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |
|---|---|
| Grants Donations |
2023 2022 £ £ 22,000 - 51,264 38,823 |
| 73,264 38,823 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.
Trustees' expenses
No expenses were reimbursed to trustees during the year. (2023-£Nil) - (2022: £Nil).
Page 11
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted Total | |||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | - | 73,264 | 73,264 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| International aid & development | - | 79,951 | 79,951 | |
| Other | - | 452 | 452 | |
| Total | - |
80,403 | 80,403 | |
| NET INCOME/(EXPENDITURE) | (7,139) | (7,139) | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | (30,626) | (30,626) | ||
| TOTAL FUNDS CARRIED FORWARD | (37,765) | (37,765) | ||
| 5. | TANGIBLE FIXED ASSETS | |||
| Computer | ||||
| equipment | ||||
| £ | ||||
| Cost | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Depreciation | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Net book value | ||||
| At 30 November 2023 | ||||
| At 30 November 2022 |
Page 12
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 6. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Accrued expenses 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR -Bank loans (see note 9) 9. 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 |
2023 2022 £ £ 3,600 2023 2022 £ £ 8,733 2,133 2,816 2,316 11,549 4,449 2023 2022 £ £ 31,202 31,202 2023 2022 £ £ 2,133 2,133 6,507 6,507 20,524 20,524 4,171 4,171 |
|
|---|---|---|
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
ANGELLITE
10. RELATED PARTY DISCLOSURES
Included within bank loan is £6,600 in respect of a sum transferred to Ange Consulting Limited, a company controlled by the trustee Mr O C H Ugorji.
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Detailed Statement of Financial Activities
for the Year Ended 30 November 2023
| 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 |
2023 £ 2022 £ 51,264 22,000 38,823 |
|---|---|
| 73,264 38,823 |
|
| 73,264 38,823 (48) (38) 79,951 56,783 |
|
| 79,903 56,745 500 1,278 |
|
| 80,403 58,023 |
|
| (7,139) (19,200) |
This page does not form part of the statutory financial statements
Page 15
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 2023
for
ANGELLITE
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
ANGELLITE
Contents of the Financial Statements for the Year Ended 30 November 2023
| 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 | 14 |
| Detailed Statement of Financial Activities | 15 |
ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the 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.
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Report of the Trustees for the Year Ended 30 November 2023
Achievement and performance
Charitable activities
In the year 2022/23 the charity continued to pursue its public health programs within our communities. Further inroad was made with the previously launched digital skill acquisition project designed to help unemployable youths to gain practical workplace skills and become employable. In furtherance to the success so far attained, we continued engage our activities on fundraising and seeking donations towards our wider charitable objects in education, women and children's health, international development, emergency and disaster reliefs, and continuous research activities.
As noted above, our group's public health projects and the digital skill acquisitions projects is the centre of our current synergy, however, we did not the much anticipated funding and grants. We want to acknowledge that the knowledge and skills brought on board by the numerous volunteers which were instrumental to the successful completion of our activities.
We continued to maintain significantly reduced overheads by engaging the generous supports from our volunteers. Angellite remains committed to efficiently targeting grants so that they have a maximum effect. However, none of what is achieved year in and year out would be possible without the incredible support from our wonderful donors, wellwishers and trustees.
On the international stage, our charity received grants to continue its education and health projects in Africa. The health projects continued to focus on addressing prevalent rates of infant mortality and to improve the maternal health's of pregnant and nursing mothers. The education project on the other hand continued to recruit and retention school age children especially girls into primary schools, so as to attain basic primary education in Northern Nigeria.
The charity future plans would play major roles in the Public Health Challenges in the UK especially as it relates to the BAME populations (Access and Organ Donations. We will continue to source for grants and funding to implement interventions and strategies addressing youth unemployment and homelessness. The charity would as well seek funding for the implementation of our international outreach programs on education, women health, infant mortality, and disaster reliefs and continue to partner with leading NGOs in relevant collaborative fields.
Our charity is more determined to raise more, do more to help more communities. We hope to buck the trends and continue the great works in our communities and internationally.
The trustees confirm that they have a referral to the Charity Commission's guidance on the public benefit when reviewing the Charity's aims and objectives in planning future activities and policies.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Financial review
Funds in deficit
As at 30 November 2023, the charity did not have unrestricted core reserves. The deficit is £37,765 which has increased since 2022 when it was £30,626. It was difficult to secure funding during the period due to the effect of COVID-19 and a general oversubscription for grant funding. However, our trustees have been promised more grants in the current year and we hope that grants will materialise to offset the deficits and return it to a positive position.
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ANGELLITE
Report of the Trustees for the Year Ended 30 November 2023
Structure, governance and management
Governing document
The charity is controlled by its governing document, The Memorandum and Articles of Association dated 6th November 2009, as amended by resolution dated 30th June 2010, and constitutes a limited company, limited by guarantee, as defined by the Companies Acts 2006.
Organisational structure
The charity's activities are overseen by the trustees who meet regularly to discuss the activities, programmes and budgets of the charity. The charity's daily operations are conducted by a 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
121-123 St James Road Northampton Northamptonshire NN5 5LD
Trustees
Mr O C H Ugorji Director Miss N N Nwachukwu Trustee Mr K U Peters Trustee Mr J Poke Trustee
Independent Examiner
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
Page 3
Report of the Trustees for the Year Ended 30 November 2023
ANGELLITE
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 14 October 2024 and signed on its behalf by:
Mr J oke - Trustee
Page 4
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's report to the trustees of Angellite ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 5
Independent Examiner's Report to the Trustees of Angellite
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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)).
I have no concerns and 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.
Prestige accounting 121-123 St James Road Northampton Northamptonshire NN5 5LD
14 October 2024
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Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Charitable activities International aid & development Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund Restricted funds 2023 Total funds 2022 Total funds £ £ £ £ 73,264 73,264 38,823 |
|---|---|
| 80,403 80,403 58,023 |
|
| 80,403 80,403 58,023 |
|
| (7,139) (7,139) (19,200) (30,626) (30,626) (11,426) |
|
| (37,765) (37,765) (30,626) |
The notes form part of these financial statements
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Statement of Financial Position 30 November 2023
| Notes CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund Restricted funds £ £ - 4,986 |
2023 Total funds 2022 Total funds £ £ - 3,600 4,986 1,425 |
|
|---|---|---|---|
| 4,986 (11,549) |
4,986 5,025 (11,549) (4,449) |
||
| (6,563) | (6,563) 576 |
||
| (6,563) (31,202) |
(6,563) 576 (31,202) (31,202) |
||
| (37,765) | (37,765) (30,626) (37,765) (30,626) |
||
| (37,765) (30,626) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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
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30 November 2023
Statement of Financial Position - continued
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2024 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds 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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The current economic conditions present increased risks for all businesses and charities. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future cash flow projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
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ANGELLITE Notes to the Financial Statements - continued for the Year Ended 30 November 2023
1. ACCOUNTING POLICIES - continued
Going concern
Based on this assessment, the directors consider that the Charity maintains an appropriate level of liquidity, sufficient to meet the demands of the Charity including any capital and servicing obligations of external liabilities.
In addition, the Charity's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.
The directors are therefore satisfied and have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Charity's ability to continue as a going concern. Further detail is provided in the Funds in deficit note in the Financial Review section of the Report of the Trustees. These financial statements have therefore been prepared on a going concern basis.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |
|---|---|
| Grants Donations |
2023 2022 £ £ 22,000 - 51,264 38,823 |
| 73,264 38,823 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.
Trustees' expenses
No expenses were reimbursed to trustees during the year. (2023-£Nil) - (2022: £Nil).
Page 11
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted Total | |||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | - | 73,264 | 73,264 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| International aid & development | - | 79,951 | 79,951 | |
| Other | - | 452 | 452 | |
| Total | - |
80,403 | 80,403 | |
| NET INCOME/(EXPENDITURE) | (7,139) | (7,139) | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | (30,626) | (30,626) | ||
| TOTAL FUNDS CARRIED FORWARD | (37,765) | (37,765) | ||
| 5. | TANGIBLE FIXED ASSETS | |||
| Computer | ||||
| equipment | ||||
| £ | ||||
| Cost | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Depreciation | ||||
| At 1 December 2022 and | ||||
| 30 November 2023 | 5,235 | |||
| Net book value | ||||
| At 30 November 2023 | ||||
| At 30 November 2022 |
Page 12
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 6. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Accrued expenses 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR -Bank loans (see note 9) 9. 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 |
2023 2022 £ £ 3,600 2023 2022 £ £ 8,733 2,133 2,816 2,316 11,549 4,449 2023 2022 £ £ 31,202 31,202 2023 2022 £ £ 2,133 2,133 6,507 6,507 20,524 20,524 4,171 4,171 |
|
|---|---|---|
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Notes to the Financial Statements - continued for the Year Ended 30 November 2023
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10. RELATED PARTY DISCLOSURES
Included within bank loan is £6,600 in respect of a sum transferred to Ange Consulting Limited, a company controlled by the trustee Mr O C H Ugorji.
Page 14
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Detailed Statement of Financial Activities
for the Year Ended 30 November 2023
| 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 |
2023 £ 2022 £ 51,264 22,000 38,823 |
|---|---|
| 73,264 38,823 |
|
| 73,264 38,823 (48) (38) 79,951 56,783 |
|
| 79,903 56,745 500 1,278 |
|
| 80,403 58,023 |
|
| (7,139) (19,200) |
This page does not form part of the statutory financial statements
Page 15