OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Liberty - Making People Free

2023-12-31-accounts

LIBERTY – MAKING PEOPLE FREE

Charity Registration Number: 1150001

Report of the Trustees and Financial Statements

For the year ended 31 December 2023

LIBERTY - MAKING PEOPLE FREE Contents of the Financial Statements For the Period Ended 31[st] December 2023

Page Report of the Trustees 3-8 Report of the Independent Examiner 9 Statement of Financial Activities 10 Statement of Financial Position 11 Notes to the Financial Statements 12-14

LIBERTY - MAKING PEOPLE FREE

Trustees Annual Report for the year ended 31 December 2023

The Trustees present their annual report with the financial statements of Liberty – Making People Free for the year ended 31st December 2023. 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 have been no changes to the board of trustees or their contact details in the past year. Independent Examiner : TONVIA FINANCIALS City Road London

Banker: Virgin Money

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 charity is set out in the Declaration of Trust.

The activities for achieving its objectives include:

ACHIEVEMENTS AND PERFORMANCE

Liberty continued with its fivefold strategy of providing free education, business empowerment, pastoral care, free clean water, free medical care, and to people in the local communities we work in. 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 the charity has continued its involvement with many community focussed outreach programmes and project providing direct benefits for the public.

1. FREE EDUCATION

1.1. Covenant Nursery and Primary School, Imini, Oyo State

Imini School stand as beacons of hope and education for the local community and surrounding villages. The corridors echo with the chatter of 214 eager pupils, guided by a dedicated team of 9 teaching and 2 nonacademic staff.

A new Board of Management was inaugurated in August to provide governance and oversight of its activities. Regular PTA meetings served as platforms for parents and educators to collaborate in shaping the future of the children. The school joined hands with the Oyo State Government in its Deworming exercise, ensuring the health and well-being of its pupils.

Some repairs were made to the infrastructure during the year but there is more work required to repair cracked plaster, refurbish pupils' toilets, and purchase new computers for the children and teachers’ use.

During the year, a donor made school uniform for all the children. The children became stars in their villages. The donation increased enrolment by 10%.

1.2. Covenant Nursery, Primary and Secondary School, Sepeteri, Oyo State

At Sepeteri School, 158 eager learners filled the classrooms, with 12 committed teachers and one nonacademic staff. A major refurbishment programme took place with new flooring, roofing, windows, and doors installed. The once-dreary toilets were now tiled and gleaming. The school now has a borehole providing clean drinking water for the school children and neighbourhood. The school's buildings got a fresh coat of paint, and additional chairs and desks were provided offering comfort and space to its growing student body.

As part of the future development plan, the school requires a playground with appropriate equipment to nurture the holistic development of its pupils. Desktop computers, more teachers to navigate the digital realm, and Bibles to enrich the spiritual journey of those in higher classes are all required.

1.3 Students becomes teacher

We are happy to report that one of our past student Miss Janet Olabintan who finished her primary education Covenant Nursery and Primary school, Sepeteri in 2009 is now a teacher in the same school after completing her university education.

Miss Oyedoyin Ayanleke, a former student of Imini School, is now a graduate of Marketing from Kwara State Polytechnic. Her journey from pupil to a graduate stood as a testament to the transformative power of education and hope to the children to dream big.

2. BUSINESS EMPOWERMENT

2.1. Liberty Academy

Liberty in its steadfast commitment to community development, has undertaken a series of impactful initiatives aimed at empowering individuals and enhancing the well-being of the community at large through Liberty Academy.

During the summer, a cohort of 60 students were trained to attain proficiency in the use of computers, a fundamental skill set in today's digital age. The vocational training programme covered training in Photography, Web Development, Fashion Designing, and Cosmetology. 43 students graduate with the necessary expertise to carve out promising careers in their chosen fields. The academy also ran discipleship programmes and social skills/empowerment sessions.

2.2. Liberty Business Empowerment training

During the Osogbo Outreach, business empowerment training covered Gele tying, make up, cake and snack production, shoe and bag making, soap making and sewing. Many of the participants left the outreach with skills to start small scale businesses.

3. PASTORAL CARE

3.1. Liberty Osogbo Outreach

There was a great harvest of souls at our Osogbo Outreach. 2,337 people attended the crusade where the gospel of our Lord Jesus Christ was preached. 1,070 people responded to the gospel during the main crusade. Another outreach to the Palace had another fruitful harvest of 23 people professing Jesus as their Lord and Saviour. The house to house evangelism also brought in 111 new converts. We give the Lord all the praise.

3.2. Secondary School Outreach

Recognising the pivotal role of young people in shaping the future of the nation, Liberty extended its outreach to secondary schools in Osun, Ondo, Oyo, and Lagos States. A series of career talks on topics such as Mental Health, Drug Abuse and Academic Excellence film; were held. Film screenings, and health discussions were also used at these outreaches. The Film – Hatima has been used as an evangelism tool to reach this audience. Many people have responded to the gospel by watching the film. After school classes in Mathematic, English and sciences were also provided free in some schools.

3.3. Cell Groups

There are 32 functional cell groups with a total membership of over 600 people in Ibadan, Oyo State that meet weekly. We also organized quarterly crusades. Adult education classes are taking place to teach participants to read their bibles.

4. WATER

Liberty sank a Borehole in our Sepeteri school providing clean water to the students and those who lived in the neighbourhood.

5. MEDICAL CARE

To address pressing healthcare needs in the community, Liberty organised a medical outreach at Osogbo City Stadium, Osun State, Nigeria. 590 volunteers of which 74 were medical personnel (Doctors, Nurses, Pharmacists, Physiotherapists and laboratory scientists) met the needs of over 2000 attendees. This project significantly improved the health outcomes of the community.

The following intervention activities were carried out

Activity 2022 2023
General Medical Doctor Consultations 991 1507
General Medical Surgeries 22 22
Eye Clinic Consultations 695 2091
Cataract Surgery 33 60
ReadingGlasses Issued 557 400
PharmacyPatients Given Drugs 866 1487
LaboratoryTests Undertaken 179 473
Dental Clinic Patients 126 138
PhysiotherapyPatients Seen 131 220
Cervical Screeningand Breast Examinations N/A 196

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;

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.

DR TAIWO AJAYI Date: 1[st] September 2024

LIBERTY - MAKING PEOPLE FREE

Independent Examiners’ Report for the year ended 31 December 2023

I report on the accounts of the charity for the year ended 31 December 2023 which is set out on pages 11 to 14

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:

• 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

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:

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

City Road, London EC1V 2NX 01/09/2024

LIBERTY - MAKING PEOPLE FREE

LIBERTY - MAKING PEOPLE FREE
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		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 DECEMBER 2023
Unrestricted
funds
Restricted
funds
Total funds
2023
2023
2023
£
£
£
42,087
42,087
-
-00
-00
42,087
-
42,087
-
-
-00
42,087
-
42,087
47,387
47,387
13,928
-00
13,928
400
-00
400
-00
-00
61,715
-00
61,715
-
61,715
-
61,715
(16,036)
0
(16,036)
225,413
225,413
209,377
-00
209,377		 Last year
2022
£
18,913
-00
18,913
-00
18,913
37,342
1,878
760
-00
39,980
18,971
(21,060)
-00
246,473
225,413

LIBERTY - MAKING PEOPLE FREE

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2023

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		 2023
£
-		 2023
2022
£
£
-
-
209,377
225,413
209,377
225,413
-
-
- 209,377
225,413
209,377
225,413
209,377
225,413
-
-
209,377
225,413

Notes to the Financial Statements for the year ended 31 December 2023

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
£
£
£
42,087
-
42,087
-
-
-
42,087
-
42,087
7. CHARITABLE ACTIVITIES COSTS
Resources expended to charitable activities
Resources expended to other charitable activities
Sundry Donations		 Direct costs
Support costs Total
£
£
£
47,387
-
47,387
10,928
3,000
13,928
-
-
-
58,315
3,000
61,315

8. SUPPORT COSTS

Wages
Travel

9. GOVERNANCE COSTS


Accountancy
Legal and professional fees		 2023
2022
£
£
3,000
0
0
0
3,000
0
2023 2022
££
400760
-
400
760

10. TRUSTEES REMUNERATION

AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023.

11. CASH AT BANK

2023 2022
£ £
209,377 225,413
12. MOVEMENT IN
FUNDS
Unrestricted funds
General
Restricted funds
TOTAL FUNDS		 Net Movement in funds
At.1/1/23
At 31/12/23
£
£
£
224,138
(14,761)
222,701
1,275
(1,275)
-
225,413
(223,976)
222,701

Net movement in funds, included in the above are as below

13.
Unrestricted
funds
General
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
Resources
expended
Movement in
funds
£
£
£
45,679
(39,980)
(21,067)
-
-
-
45,679
(39,980)
(21,067)

14: RELATED PARTY DISCLOSURES

No material transaction took place between the charity and a Trustee, or any person connected with them.

  1. No payment was made to the Trustees, or any other persons connected with them during this financial year in their capacity as Trustees