CET-C FOR WOMEN
REPORT AND FINANCIAL STATEMENTS YEAR ENDED: 31 MARCH 2023
CHARITY NO 1146446 COMPANY NO 6290483
| CET-c for Women | |
|---|---|
| Financial Statements for the Year Ended 31 March 2023 | |
| Contents | Page |
| Legal and Adminstrative Information | 1 |
| Report of the Directors/Trustees | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the financial statements | 9-12 |
| The following page does not form part of the Statutory Accounts | |
| Income and Expenditure Account | 13 |
CET-c for Women Report of the Trustees for the Year Ended 31 March 2023
| Reference and Administrative information | |
|---|---|
| Charity's Name: | CET-C FOR WOMEN |
| Charity Registration Number: | 1146446 |
| Company Registration Number: | 06290483 |
| Registered Office and | |
| Operational Address: | 13 Knights Templar Way |
| Rochester | |
| ME2 2ZE | |
| Directors/Trustees: | Pastor Abimbola Folayan |
| Pastor Femi Folayan | |
| Pastor Christina Israel | |
| Accountants: | PVG Accounting Services |
| 344 Moston Lane | |
| Manchester | |
| M40 9JS | |
| Bankers: | Lloyds Bank |
| 19/21 Powis Street | |
| Woolwich | |
| London | |
| SE18 6JZ |
Page 1
CET-c for Women Report of the Trustees for the Period Ended 31 March 2023
Our Aims and Objectives
Purpose and Aims
CET-c for Women is a Christian support service organisation. We provide support to women and their families for sustainable family and communal advantage. We support women in all facets of family life with the purpose of achieving healthy balance in women, stable marriage and family cohesion.
Our purpose is fomenting both marriage and family stability, providing relief to families and mission outreaches through awareness and understanding of the Christian beliefs and practices. Our overall aim is advancing Christianity and its benevolence through our training forums and outreaches.
Our geographical area are primarily London and Kent with activities extending to neighbouring boroughs and societies.
Ensuring Our Work Delivers Our Aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to people and families that we support and help. The review also ensures that our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The Focus of Our Work
Our main objective for the year is to achieve fulfilled and balanced christian life amongst women, healthy marriage, reduce divorce rate and achieve the balanced and ideal family-life that will result in a gratifying society by advancing of the Christian religion values and ethics. The strategies we used to meet these objectives included:
-
Providing Christian support services and empowerment to women and the families
-
Providing training and enlightenment workshops to enhance healthy and sustainable matrimonial and family lives for a stable society
-
Providing Christian marital guidance and counselling for sustainable marriage, family lives and communal harmony.
How Our Activities Deliver Public Benefit
Our main activities and who we help are described below. All our charitable activities focus on the advancement of the Christian religion and support to women in matrimony. We operate across several regions and counties in UK.
Who used and benefited from our Services?
We support women and their families by providing family-focus Christian support services aimed at developing their Christian faith, values and ethics for sustainable family lives. We train and develop women who in-turn develop other women with family responsibilities that will translate to change in individual families for corporate community development and stability. Our ultimate focus is the family and community, we involve both men and women, old and young, single or married and offer them periodic training for a collective knowledge for the purpose of family and communal involvement.
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CET-c for Women Report of the Trustees for the Year Ended 31 March 2023
Our activities are targeted towards women for family effectiveness through various learning opportunities. The ultimate goal of our subject matters targets communal benefit. The learning opportunities we provide are public participation and public improvement. In essence, our service benefits the general public and the community.
Financial Review
The charity was able to raise a total income of £32,218 during the period under review.
Principal Funding Sources
The principal funding sources for the organisation are currently by way of Donations and Gifts from corporate organisations and individuals during the year under review.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies which may arise from time to time. The trustees have set this as a target, and are satisfied that the charity is in a position to meet its financial obligations, fund its activities and continue to grow.
Plans for Future Periods
The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Plans are also being developed to become more active in Medway borough and communities requiring our services.
Structure, Governance and Management
Governing Document
The Organisation is a charitable company limited by guarantee, incorporated on 22 June 2007 and became a registered charity on the 19th March 2012. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company wound up members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of Trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. All trustees give their time voluntarily and receive no benefits from the charity. Due to the nature of Charity work, trustees appointed have been so selected on the basis of their faith, strength of character, skills set in the area of business management and growth and commitment to the vision of the charity.
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CET-c for Women Report of the Trustees for the Year Ended 31 March 2023
Trustees Induction and Training
The trustees are already familiar with the practical work of the charity. Additionally new trustees would be invited as required and encouraged to attend a series of training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Co-ordinator of the Charity and cover:
-
The Obligations of Trustees
-
The Main documents which set out the operational framework for the charity including the Memorandum and Articles.
o Resourcing and the current finanicial position as set out in the latest published accounts o Future plans and objectives
A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.
Risk Management
The Trustees have identified the major strategic risks to which CET-c for Women is exposed and established controls and actions to mitigate them. Each year, risk assessments take place the centres we hire in Surrey and Hertfordshire and these risk assessments are subject to continual review and monitoring. The Trustees take all appropriate steps to moderate and manage the inevitable operational risks to which the volunteers can be exposed. Competence based training for Volunteers, liability insurance, monitoring of new legislative requirements are examples of steps taken. In particular there are policies and procedures for vulnerable adults protection and for health and safety risks.
Organisation
CET-c for Women is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The Board of Trustees are assisted by the Department leaders. There are three trustees on the Board. The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Managing Director who is also the Chief Executive. She is ably assisted by voluntary administrative staff in the day to day running of the charity operations. The adminstrative team continue to develop their skills and working practices in line with good practice.
Page 4
CET-c for Women Report of the Trustees for the Year Ended 31 March 2023
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and:
o Select suitable accounting policies and then apply them consistently;
o Make judgements and estimates that are reasonable and prudent
o Prepare the financial statements on the on going basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
In accordance with company law, as the company's directors, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information'.
This report has been prepared by the Order of Trustees:
Mrs Abimbola Folayan TRUSTEE
10th July, 2023
Page 5
CET-c for Women
Independent Examiner's Report to the Trustees of CET-c for Women for the year ended 31 March 2023
As described on page 5, the Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 144(1) of the Charities Act 2011 and that an independent examination is needed. It is my responsibilty to:
Examine the accounts (under section 145(1) of the Charity Act 2011
Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section132 of the Act 2011;
State whether particular matters have come to my attention
Basis of Independent examiner's statement
Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual and seeking explanations from the trustees concerning any unusual items or disclosures in the accounts, and items or disclosures in the accounts, seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
(1) which gives us reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
PVG Accounting Services & Consultancy Ltd 344 Moston Lane Manchester M40 9JS
Page 6
CET-c for Women
Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 March 2023
| Notes Incoming resources Incoming resources from generated funds: Voluntary Income: Donations 2 Gift Aid Other Income Total incoming resources Resources expended Cost of generating funds Costs of generating voluntary 3 income Charity activities 4 Governance Costs 5 Total resources expended Net Incoming resources before other recognised gains Net movement in funds Reconciliation of Funds Adjusted Total funds brought forward Total funds carried forward |
2023 2023 2023 2022 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 26,981 - 26,981 30,770 5,052 - 5,052 4,186 185 - 185 191 |
|---|---|
| 32,218 32,218 35,147 |
|
| 25,101 25,101 25,128 7,195 - 7,195 10,159 300 - 300 300 |
|
| 32,596 - 32,596 35,587 |
|
| (378) - (378) (440) |
|
| (378) - (378) (440) 1945 1945 2385 |
|
| 1567 - 1567 1945 |
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.
The notes on Pages 9 to 12 form part of these Accounts.
Page 7
CET-c for Women
Balance Sheet as at 31 March 2023
| Notes Fixed Assets 10 Currents assets Cash at Bank Creditors: amounts falling due within one year 8 & 9 Net Current Assets Net Asset 11 Unrestricted Funds General Funds 12 Total Funds |
2023 £ 242 2,635 (1,310) 1325 1567 1567 1567 |
2022 £ 483 2,774 (1,312) |
|---|---|---|
| 1462 | ||
| 1945 | ||
| 1945 | ||
| 1945 |
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The Financial Statements were approved by the board on the 10th July 2023 and signed on its behalf by:
Mrs Abimbola Folayan TRUSTEE
The notes on pages 9 to 12 form part of these financial statements.
Page 8
CET-c for Women Notes forming part of the financial statements for the Year Ended 31 March 2023
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed assets investments at market value, and in accordance with the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities effective 1 January 2015
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furthermore of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c ) Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
(e) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage as set out in Note 4.
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CET-c for Women
Notes forming part of the financial statements for the Year Ended 31 March 2023
| 2. Donations Donations -Tithes and Subscription Gift Aid Other Income |
Unrestricted Restricted 2023 2023 2023 2022 Total Total £ £ £ £ 26,981 - 26,981 30,770 5,052 - 5,052 4,186 185 - 185 191 |
|---|---|
| 32,218 32,218 35,147 |
3. Costs of Generating Voluntary Income
| Ministry Work | Ministry Work | Support Cost | Governance | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Basis of Allocat | £ | £ | £ | £ | £ | |
| Bank Charges | Direct | - | - | - | ||
| Administration | Direct | 508 | 508 | 1,419 | ||
| Support Costs | Direct | 5,498 | 5,498 | 6,440 | ||
| Professional Fees | Direct | 555 | 555 | 469 | ||
| Premises | Direct | 18,540 | 18,540 | 16,800 | ||
| - | 25,101 | - | 25,101 | 25,128 | ||
| 4. Charitable Activities | ||||||
| Ministry | Direct | 7,195 | - | - | 7,195 | 10,159 |
| 7,195 | - | - | 7,195 | 10,159 | ||
| 5. Governance Cost | ||||||
| Professional Fees | Direct | - | - | 300 | 300 | 300 |
| - | - | 300 | 300 | 300 | ||
| Total Resources | ||||||
| Expended | 7,195 | 25,101 | 300 | 32,596 | 35,587 |
6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value over their expected useful lives on the following bases:
Equipment, Furniture & Fittings 25% Reducing Balance basis.
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CET-c for Women
Notes forming part of the financial statements for the Year Ended 31 March 2023
5. Net Incoming Resources for the Year
| This is stated after charging: | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Depreciation | 241 | 326 |
| Accountant's Remuneration | 300 | 300 |
6. Trustee Remuneration & Related Pay Transactions
No member of the Board of Directors received any remuneration during the year.
7. Taxation
As a charity, CET- c for Women is exempt from tax on income and gains falling within Section 505 of the Taxes Act1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
8. Creditors: Amounts falling due within one year
| Accruals 9. Director's Current Account Director's Current Account |
2023 £ 300 300 2023 £ 1,010 1,010 |
2022 £ 300 |
|---|---|---|
| 300 | ||
| 2022 £ 1,012 |
||
| 1,012 |
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CET-c for Women
Notes forming part of the financial statements for the Year Ended 31 March 2023
10. Tangible Fixed Assets
| Cost At 1 April 2022 Additions in year At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net Book Value At 31 March 2023 At 31 March 2022 |
Equipment Furniture & Fittings £ 1,700 1,700 1,217 241 1,458 242 483 |
2023 Total £ 1,700 - |
|---|---|---|
| 1,700 | ||
| 1,217 241 |
||
| 1,458 | ||
| 242 | ||
| 483 |
11. Analysis of Net Assets Between Funds
| 11. Analysis of Net Assets Between Funds | 11. Analysis of Net Assets Between Funds | |
|---|---|---|
| General Designated Restricted Total Funds Funds Funds Funds £ £ £ £ |
||
| Fixed Assets Current Assets Current Liabilities Net Assets at 31 March 2023 |
242 242 2,635 2,635 (1,310) (1,310) |
|
| 1567 - - 1567 |
||
| 12. Movements in Funds At 1 April 2022 Unrestricted Funds: General Funds 1,945 Total Funds 1,945 |
Incoming Outgoing Transfers At 31 Mar Resources Resources 2023 [Inc Gains] £ £ £ £ 32,218 32,596 - 1,567 |
|
| 1,945 | 32,218 32,596 - 1,567 |
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CET-c for Women
Income and Expenditure Account for the Year Ended 31 March 2023
| Income LESS OVERHEADS Premises Costs Rent & Rates Bank Charges Bank Charges Administration PPS Telephone Computer Expenses Ministry Publicity Events, Retreat & Conferences African Branches Donations & Gifts Welfare Entertainment Honourarium Training Professional Fees Accountancy Professional Fees Support Costs Travel & Motor Expenses Volunteers Expenses Insurance Depreciation Sundries Surplus/(Deficit) for the Year Balance Brought Forward Surplus/(Deficit) Carried Forward |
2023 2022 £ £ £ £ £ £ 32,218 35,147 18,540 16,800 18,540 16,800 - - - - 246 127 202 1,232 60 60 508 1,419 716 1371 2,580 2,443 895 795 901 1,217 615 1,470 218 22 790 1,881 480 960 7,195 10,159 300 300 555 469 855 769 4,845 5,766 208 31 - 262 241 326 204 55 5,498 6,440 (32,596) (35,587) (378) (440) 1,945 2,385 1,567 1,945 |
2023 2022 £ £ £ £ £ £ 32,218 35,147 18,540 16,800 18,540 16,800 - - - - 246 127 202 1,232 60 60 508 1,419 716 1371 2,580 2,443 895 795 901 1,217 615 1,470 218 22 790 1,881 480 960 7,195 10,159 300 300 555 469 855 769 4,845 5,766 208 31 - 262 241 326 204 55 5,498 6,440 (32,596) (35,587) (378) (440) 1,945 2,385 1,567 1,945 |
2023 2022 £ £ £ £ £ £ 32,218 35,147 18,540 16,800 18,540 16,800 - - - - 246 127 202 1,232 60 60 508 1,419 716 1371 2,580 2,443 895 795 901 1,217 615 1,470 218 22 790 1,881 480 960 7,195 10,159 300 300 555 469 855 769 4,845 5,766 208 31 - 262 241 326 204 55 5,498 6,440 (32,596) (35,587) (378) (440) 1,945 2,385 1,567 1,945 |
2023 2022 £ £ £ £ £ £ 32,218 35,147 18,540 16,800 18,540 16,800 - - - - 246 127 202 1,232 60 60 508 1,419 716 1371 2,580 2,443 895 795 901 1,217 615 1,470 218 22 790 1,881 480 960 7,195 10,159 300 300 555 469 855 769 4,845 5,766 208 31 - 262 241 326 204 55 5,498 6,440 (32,596) (35,587) (378) (440) 1,945 2,385 1,567 1,945 |
|---|---|---|---|---|
| (440) 2,385 |
||||
| 1,945 |
This page does not form part of the statutory accounts.
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