TWOCO (Registered charity, number 1148942) Financial Statements for the year ended 31 March 2023 Page Contents Trustees, Annual Report Independent Examiner's Report Receipts & Payments Account Statement of Assets & Liabilities Notes to the Financial Slalemenls TWOCO Trustees, Annual Report for the year ended 31 March 2023 Full name TWOCO Rogistgrgd charity number 1148942 Principal address 131 Falcon Road Meir Park Stoke on Trent ST3 7FU Trustees Fadzi Marks Fraser Muzondo Emma Paige Winstanley Bankers Santander Independent examiner Daryl Denson ACMA VAST The Dudson Centre Hope Street Hanley Stoke on Trent ST15DD Governance and management The charity is operated under the rules of ils trust deed as adopted on 13 March 2012, as amended on 26 July 2012 and 6 September 2012 respectively. The methods adopted for the recruitment and appointmgnt of ngw trustees New Iruslees are apF)oinled by the current trustees. Aims and objectives To release financial hardship, advance education and lo promote and protect good health among refugees and asylum seekers and their dependents living in the area of benefit through the provision of such support services that will help them adapt within their new community. The provision of facilities in the interest of social welfare for the recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances in the interest of social welfare and with the object of improving the condition of life for said inhabitsnts. The prevention or relief of povety for the benefit of widows and orphans living in Zimbabwe by providing gonts, items and services to individuals in need and or charities or other organisation working to prevent povety. TWOCO Trustees, Annual Report (continued) for the year ended 31 March 2023 Summary of the main activities undertaken for the public benefit The Charity activities include, bul are not limited lo.. 1.Cullural Food Bank 2.Blessing Babies, Bank 3.Sewing Project. 4.Menlal Health and Wellbeing Programmes 5.Skills Development Training 6.Advocacy and Campaigning 7.General Advice to partner referral agencies Public Benefit The trustees of the Charity are aware of the Charity Commission's guidance on public benefit and have had regard to il in their administration of the Charity. Volunteers We have 20 volunteers who help with the various activities we run which include, the cultural food bank, blessing babies bank, sewing project, mental health and wellbeing programmes, and cleaning up the women's resource ￿ntre. Summary of the main achievements during the year During the year we re￿iVed a grant from the National Lottery to support refugees and asylum seekers by providing cultural food and funding of the Babies Bank Project. During the period we suc￿SsfUllY secured grant funding for 3 years from the National Lottery fund, as well as funding from Awards for All. The charity'$ policy on reserves The Charity does not have a reserve policy. In the past we didn't see any need to have reserves but, in the future, we are working on means to do so. Signed on behalf of the Charity's trustees.. 2/15/2024 Signed Date ## **Independent Examiner's Report to the trustees of TWOCO for the year ended 31 March 2023** I report to the Charity trustees on my examination of the accounts of the charity for the period ended 31 March 2023 which are set out on pages 6 to 8. ## **Respective responsibilities of trustees and examiner** As the Charity's trustees of TWOCO you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 ('the Act). I report in respect of my examination of TWOCO accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of TWOCO as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts to not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. 16/02/2024 Signed ___________ Date _________ _ Daryl Denson ACMA VAST 4 TWOCO Receipts & Payments Account for the year ended 31 March 2023 Unrestricted Restricted Funds Funds Total 2023 Total 2022 Receipts Donations Grants Total receipts 1,861 2,500 4,361 2,745 50,350 53,095 1,100 61,799 62,899 47,850 48,734 Payments Wages Rent Equipment Storage Baby products Food Accountancy Gifts Printing, postage & stationery Subscriptions Telephone & mobile Traveling expenses Website Advertising Events Bank charges Computer running costs Insurance Legal & professional fees 28,815 8,648 2,579 28,815 8,648 3,157 16,094 6,378 3,726 110 988 5,795 396 37 671 345 1,087 1,908 430 754 100 107 243 1,362 530 320 3,205 875 578 704 6,715 210 707 7,618 210 60 821 357 1,070 1,459 29 1,037 903 60 243 37 578 320 1,070 1,338 121 29 1,037 576 200 1,027 776 1,027 50 3,181 4,033 585 3,231 4,033 585 1,840 1,018 66,498 Office expenses, repairs & maintenance Staff training Cookery Sundries Total payments 1,840 734 5,174 733 46,194 61,324 Net receiptsllpayments) Cash funds al start of this peri(xJ Cash funds at end of thls perlod 18131 192 16211 112.5901 16,902 4.312 113.4031 17,094 3.691 16,705 389 17,094 TWOCO Statement of Assets and Liabilities at 31 March 2023 2023 2022 Cash Assets Bank accounts 3,691 3,691 17,094 17,094 These financial statements are ac￿pted on behalf of the Charity by.. 2/15/2024 Signed Dated TWOCO Notes to the Financial Statements for the year ended 31 March 2023 1. Receipts & payments accounts ReTripts and payments accounts are statements that summarise the movement of cash into and out of the Charity during the financial year. In this context'cash includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due. For the purposes of understanding a statement of assets and liabilities al the yearend has been included. 2. Trustees, remuneration During the year, Iruslee Deborah Desiree Jandles received remuneration of £6,757 for her work as part of her role as project lead. She resigned as a Iruslee in August 2021. 3. Grants & donations 2023 2022 Awards for All National Lottery Communty Fund Sloke-on-Trenl City Council Donations 8,500 50,299 3,000 1,100 62,899 48,734 2,500 1,861 53,095