2024-03-31-accounts - Twoco

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TWOCO (Registered charity, number 1148942) Financial Statements for the year ended 31 March 2024

Page	Contents
2 - 3	Trustees’ Annual Report
4	Independent Examiner’s Report
5	Receipts & Payments Account
6	Statement of Assets & Liabilities
7	Notes to the Financial Statements

TWOCO Trustees’ Annual Report for the year ended 31 March 2024

Full name TWOCO

Registered charity number 1148942

Principal address

53 Regent Road Hanley Stoke on Trent ST1 3BT

Trustees

Fadzi Marks Fraser Muzondo Deborah Jandles (appointed 18 March 2024)

Bankers Santander

Independent examiner

Daryl Denson ACMA VAST The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD

Governance and management

The charity is operated under the rules of its 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 appointment of new trustees

New trustees are appointed by the current trustees.

Aims and objectives

To release financial hardship, advance education and to 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 inhabitants.

The prevention or relief of poverty for the benefit of widows and orphans living in Zimbabwe by providing grants, items and services to individuals in need and or charities or other organisation working to prevent poverty.

Deborah Jandles Deborah Jandles (Jan 31, 2025 10:47 GMT)

TWOCO Trustees’ Annual Report (continued) for the year ended 31 March 2024

Summary of the main activities undertaken for the public benefit

The Charity activities include, but are not limited to:

1.Cultural Food Bank

2.Blessing Babies’ Bank

3.Sewing Project.

4.Mental 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 it in their administration of the Charity.

The charity’s 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:

Deborah Jandles

31/01/25

Signed ____ Date ____ Deborah Jandles (Jan 31, 2025 10:47 GMT)

Independent Examiner’s Report to the trustees of TWOCO for the year ended 31 March 2024

I report to the Charity trustees on my examination of the accounts of the charity for the period ended 31 March 2024 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:

Accounting records were not kept in respect of TWOCO as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

31/01/25

Signed ____ Date _______ Daryl Denson ACMA VAST

TWOCO Receipts & Payments Account for the year ended 31 March 2024

Receipts Donations Grants Total receipts Payments Wages Rent Equipment Storage Baby products Food Accountancy Gifts Printing, postage & stationery Subscriptions Telephone & mobile Website Advertising Volunteer Costs Bank charges Computer running costs Insurance Legal & professional fees Utilities Office expenses, repairs & maintenance Staff training Cookery Sundries Total payments Net receipts/(payments) Cash funds at start of this period Cash funds at end of this period	Unrestricted Funds £ 259 259 - - - - - - - - 200 - - 300 - - - - - - - - - - - 500 (241) 263 22	Restricted Funds £ 69,746 69,746 19,461 9,382 1,948 860 827 6,061 692 439 169 870 344 350 1,504 472 1,638 830 2,767 210 1,830 1,454 52,108 17,638 3,428 21,066	Total 2024 £ 259 69,746 70,005 19,461 9,382 1,948 860 827 6,061 692 - 639 169 870 644 350 1,504 - 472 1,638 830 2,767 210 1,830 - 1,454 52,608 17,397 3,691 21,088	Total 2023 £ 2,745 50,350
				53,095
				28,815 8,648 3,157 - 707 7,618 210 60 821 357 1,070 29 1,037 1,459 - 776 1,027 - 3,231 4,033 585 1,840 1,018
				66,498
				(13,403) 17,094
				3,691

TWOCO Statement of Assets and Liabilities at 31 March 2024

	2024	2023
	£	£
Cash Assets
Bank accounts	21,088 21,088	3,691 3,691

These financial statements are accepted on behalf of the Charity by:

Deborah Jandles Signed ________ Deborah Jandles (Jan 31, 2025 10:47 GMT)

31/01/25 Dated _____

TWOCO Notes to the Financial Statements for the year ended 31 March 2024

1. Receipts & payments accounts

Receipts 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 at the year-end has been included.

2. Grants & donations

National Lottery Community Fund Stoke-on-Trent City Council Donations	2023 £ 69,746 69,746	2023 £ 47,850 2,500 1,861
		52,211