Liberty-Making People Free
Report of the Trustees For the Year Ended 31 December 2020
## **LIBERTY – MAKING PEOPLE FREE**
Charity Registration Number: 1150001
Report of the Trustees and Financial Statements
For the year ended 31 December 2020
Liberty-Making People Free
Report of the Trustees For the Year Ended 31 December 2020
**LIBERTY - MAKING PEOPLE FREE Contents of the Financial Statements For the Period Ended 31[st] December 2020**
**Page Report of the Trustees 3-7 Report of the Independent Examiner 8 Statement of Financial Activities 9 Statement of Financial Position 10 Notes to the Financial Statements 11-13**
Liberty-Making People Free
Report of the Trustees For the Year Ended 31 December 2020
## **LIBERTY - MAKING PEOPLE FREE**
## **Trustees Annual Report for the year ended 31 December 2020**
The Trustees present their annual report with the financial statements of Liberty – Making People Free for the year ended 31st December 2020. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and also provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued March 2005
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity Number** 1150001 **Registered Office:** 21/29, Pendennis Road Streatham London SW16 2SS **Trustees:** Dr Taiwo Ajayi (Chair) Rev. Akinola Abiona (Secretary) Rev. Enitan Idowu (Treasurer) Rev. Gbenga Badejo Rev. Bolaji Fagboyegun
## **There has been no changes to the board of trustees or their contact details in the past report year.**
**Independent Examiner** : TONVIA FINANCIALS Baxter Road Enfield N18 **Banker:** NatWest Bank Sort Code: 60-20-39 Account no: 50665596
Liberty-Making People Free
Report of the Trustees
For the Year Ended 31 December 2020
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust.
Liberty- Making People Free was established under a Memorandum of Association which established the objectives and powers of the Charitable Company.
## **Organisational Structure**
The Board of Trustees, also acting as Council of Management and with other advisers promotes the objectives of the charity.
The Board of Trustees hold meetings throughout the year to promote the policies, strategies and processes of implementation for the various programmes and projects. These are subject to constant reviews to assess outcomes.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurances against fraud and error.
## **OBJECTIVES AND ACTIVITIES** ;
The Objectives of the Company is set out in the Declaration of Trust.
- ➢ The advancement of Christian Faith in the United Kingdom and abroad
- ➢ To promote any charitable activity for the benefit of the local people
- ➢ Support for other charities and Christian events
- ➢ Providing overseas aid and relief of poverty.
The activities for achieving its objectives include:
- Rural Community outreach events
- Business and vocational training
- Health checks and interventions including minor and cataract surgeries and cervical screening.
- Education of children in rural communities with building and running of schools.
- Sinking wells and bore holes to provide potable water source for rural communities.
## **ACHIEVEMENTS AND PERFORMANCE**
The Board of Trustees are pleased to report as follows
## **PUBLIC BENEFIT**
The Trustees of the charity having due regard for reporting the public benefit provided by the charity in line with the Charities Act 2002, are pleased to report that company has continued its involvement with many community focussed outreach programmes and project providing direct benefits for the public.
## **Food Poverty Relief Scheme (Palliative Care)**
The hall mark achievement for Liberty in 2020 was the food poverty relief scheme that was carried out in communities in Ibadan, Oyo State Western Nigeria during the pandemic lockdown period. The conditions of the lockdown resulted in an escalating of those affected by food poverty. These schemes named Palliative Care catered for the needs of the community via distribution of uncooked food items. Three of these food distribution events took place in May, June and July 2020 respectively with over 1500 food packs handed out.
## **Medical Grants and Treatment**
In 2020 as a result of the pandemic and lockdown, Liberty did not carry out the annual medical outreach as in previous years. There were however a couple of medical grants to individuals for their treatment. A middle-aged lady had a hip replacement surgery and after care paid for.
A University undergraduate with multiple compound fracture of his leg had a series of sequential surgical procedures and metal insertions paid for by Liberty.
## **Education & Training**
- ➢ We continue to provide education and training for pupils through our primary schools in Sepeteri and Imini villages of Oyo State, Nigeria.
- ➢ Our school at Imini was certified COVID-19 compliant by the Oyo State government in June 2020. As a result, our students in year 6 were allowed back to school to prepare for and sit their school leaving common entrance examinations.
- ➢ Many of our pupils at Imini Primary School walk several miles from surrounding villages to get to and from the school. Liberty purchased a minibus for the school to relieve these children of the burden of travelling to school. The bus was shipped from the UK to Nigeria in the autumn of 2020. A consignment of educational and learning resources including books, toys and laptops was sent to our schools at Imini and Sepeteri along with the bus.
- ➢ Liberty continues to cater for the welfare of the teachers including provision of training for their professional and personal development.
- ➢ We started the Liberty Apprenticeship Programme in 2020 to assist young people to acquire skills that will enable them to position themselves for the marketplace.
## **Liberty Sponsor A Child Programme**
- ➢ The sponsor a child program which is supported by individual donors who have committed to provide support for orphaned children continues to grow.
## **Rural Water Supply Scheme**
- ➢ We have continued to sustain our clean water programmed to enable the villagers of Imini to have access to potable water to prevent outbreak of water borne disease such as cholera and typhoid fever.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the report of the trustees and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
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 and of the incoming resources and applications of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements the Trustees are required to;
- ➢ Select suitable accounting policies and then apply them consistently.
- ➢ Observe the methods and principles in the Charity SORP,
- ➢ Make judgements and estimates that are reasonable and prudent
- ➢ Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business
The trustees are responsible for keeping proper accounting records which discloses with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
AYODELE T AJAYI DR TAIWO AJAYI Date: 24th October 2021
## **LIBERTY - MAKING PEOPLE FREE**
## **Independent Examiners’ Report for the year ended 31 December 2020**
**I report on the accounts of the charity for the year ended 31 December 2020 which is set out on pages 11 to 15**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
**Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 items or disclosures in the accounts and 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
TONVIA FINANCIALS
Baxter Road London. N18 Dare: 28[th] October 2021
## **LIBERTY - MAKING PEOPLE FREE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
||**STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|
|**Notes**
**Incoming Resources**
**6**
Gifts, donations & incoming resources
Voluntary income
Grants received
**Sub total**
**Asset and investment sales**
**Total Incoming Resources**
**Resources Expended**
Resources expended to charitable
activities
7
Resources expended to other charitable
activities
7
Management and governance costs
9
**Sub total**
**Asset and investment purchases**
**Total payments**
**Net of receipts/(payments)**
**Transfers between funds**
**Cash funds last year end**
**Cash funds this year end**|**FOR THE PERIOD ENDED 31 DECEMBER 2020**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2020**
**2020**
**2020**
**£**
**£**
**£**
**129,388**
**60,648**
**1,650**
**3,156**
**-00**
**-00**
**131,038**
**-00**
**63,804**
**-**
**-**
**-00**
**131,037**
**-**
**63,804**
**24,647**
**71,894**
**5,094**
**-00**
**8,103**
**400**
**-00**
**400**
**-**
**-00**
**-00**
**30,141**
**-00**
**80,397**
**-**
**30,141**
**-**
**80,397**
**100,896**
**0**
**(16,594)**
**-00**
**129,935**
**146,529**
**230,831**
**-00**
**129,935**|**Last year**
**2019**
**£**
**60,648**
**3,156**
**-00**|
|||**63,804**|
|||**-00**|
|||**63,804**|
|||**71,894**
**8,103**
**400**|
|||**80,397**|
|||**80,397**|
|||**(16,594)**
**146,529**|
|||**129,935**|
## **LIBERTY - MAKING PEOPLE FREE STATEMENT OF FINANCIAL POSITION**
## **AS AT 31 DECEMBER 2020**
|Notes
**NON-CURRENT ASSETS**
Tangible Fixed Assets
**CURRENT ASSETS**
Cash and cash equivalents
12
**Total Assets**
**CUURENT LIABILITIES**
Amount falling due within one year
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
13
General - Unrestricted
General - Restricted|**2020**
£
-|**2020**
**2019**
£
£
-
179
**230,831**
129,935|
|---|---|---|
|||**230,831**
**130,114**|
|||-
-|
||-|**230,831**
**130,114**|
||||
|||**230,831**
**130,114**|
|||**230,831**
**130,114**
-
-|
|||**230,831**
**130,114**|
## **Notes to the Financial Statements for the year ended 31 December 2020**
## **1. Accounting policies**
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments and in accordance with applicable Accounting Standards. The Trustees have adopted the recommendations contained within the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) applicable accounting standards, the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2005.
## **2. Income and Expenditure**
Income and expenditure are accounted for on an accrual basis.
## **3. Tangible fixed assets depreciation policy**
Fixed assets comprise equipment costing more than £200 or have a useful life of more than a year. Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life on the following basis:
Freehold buildings - 2% on cost or revalued amounts Computer equipment - 25% reducing balance Fixtures and fittings - 25% reducing balance Motor vehicles - 25% reducing balance
**4. Unrestricted Income funds** are incoming resources for the objects of the charity without further specified purpose and are available as general funds.
**5. Restricted Income funds** are subject to restriction on their expenditure imposed by their donors
|**6.**
**DONATIONS, LEGACIES AND SIMILAR**
**INCOMING RESOURCES**
Collections and standing orders
Sundry Donations|Unrestricted
Funds
Restricted
Funds
Total Funds
**£**
**£**
**£**
**129,388**
-
**129,270**
**1,650**
**1,650**|
|---|---|
||**131,038**
**_**
**131,038**|
|**7. CHARITABLE ACTIVITIES COSTS**
Resources expended to charitable activities
Resources expended to other charitable activities
Sundry Donations|**Direct costs**
**Support costs Total**
£
£
£
24,047
2,040
26,087
3,454
-
3,454
600
-
600|
|---|---|
||28,101
2,040
30,141|
## **8. SUPPORT COSTS**
|Wages
Travel
**9. GOVERNANCE COSTS**
Accountancy
Legal and professional fees|
|**2020**
2019
**£**
£
**2,040**
18,884
**0**
10,606|
|---|---|---|
|||**2,040**
29,490|
|||**2020 2019**
**£**£
**400**400
**-**
**400**
400|
||||
## **10. TRUSTEES REMUNERATION AND BENEFITS**
**There were no trustees' remuneration or other benefits for the year ended 31 December 2020.**
## **11. STAFF COSTS**
|**Salaries and wages**
**12. CASH AT BANK**|**2020**
**2019**
**£**
**£**|
|---|---|
||**2,040**
18,884|
||**2020**
**2019**
**£**
**£**|
||**230,831**
129,935|
## **13. MOVEMENT IN FUNDS**
## **Net Movement in funds**
|Unrestricted funds
General
Restricted funds
TOTAL FUNDS|**At.1/1/20**
**At 31/12/20**
**£**
**£**
**£**
129,935
100,896
230,831
- - -|
|---|---|
||**129,935**
**100,896**
**230,831**|
Net movement in funds, included in the above are as below
|**14**
**Unrestricted funds**
General
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|**Incoming**
**resources**
**Resources**
**expended**
**Movement in**
**funds**
**£**
**£**
**£**
131,037
(30,141)
100,896
-
-
-|
|---|---|
||131,037
(30,141)
100,896|
## **RELATED PARTY**
## **15 DISCLOSURES**
capacity as Trustees
No material transaction took place between the charity and a Trustee or any person connected with them.
**16**