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2024-12-31-accounts

LIBERTY – MAKING PEOPLE FREE

Charity Registration Number: 1150001

Report of the Trustees and Financial Statements

For the year ended 31 December 2024

LIBERTY - MAKING PEOPLE FREE Contents of the Financial Statements For the Period Ended 31[st] December 2024

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 (resigned 31.05.24) 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

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 Annual Report 2024

Celebrating 25 Years of Impact

In 2024, Liberty marked 25 years of transforming lives—empowering communities physically, mentally, and spiritually. Over the years, the charity has grown significantly, now offering:

Liberty Nigeria Activities

In 2024, Liberty continued its mission of transforming lives through free education, business empowerment, secondary school outreaches, pastoral and free healthcare. Our impact spanned across rural and urban communities in Oyo, Lagos, and Osun states in Nigeria. This report highlights our achievements, growth, and the lives touched through our various initiatives.

1. Education Initiatives

1.1 Free Education Programme

Liberty Nigeria operates two schools offering free education:

Covenant Nursery and Primary School, Imini Village, Oyo State

Covenant Nursery, Primary and College, Sepeteri Village, Oyo State

1.2 Activities and Achievements

1.3 Infrastructure and Resource Development

2. Business Empowerment

2.1 Liberty Academy year.

The academy had a great year. Two groups of students (Batch 4 and 5) completed a 6-month apprenticeship where they learned useful technical skills. Many of them have now started their own businesses or found jobs in different industries. During the graduation ceremony, a new ALUMNI team was inaugurated, led by Busayo Adesiyan. Video Animation skill for photography, web-development and digital marketing students was introduced to the curriculum. Also, Ascion Microfinance Bank hosted a special session to teach social skills to both current and former student.

Best Students in Discipleship by Rev. Segun Olaoluwa.

This year, some students teamed up to work on IT projects. One student built a website for a classmate studying digital marketing. Most students are now using the internet to grow their businesses and careers. For example, a hairdressing student got a job in Lagos after doing an online interview and presentation using the academy’s laptop.

Summer Computer Class

The annual summer computer training programme was held from 5th August to 6th September 2024. A total of 48 participants, including 27 children and one teenager, were trained in essential computer skills. Key areas covered included Microsoft Word, Excel, PowerPoint, and internet usage. Notably, three graduates from Batches 2 and 3 assisted in delivering the training sessions.

Basic Computer Training for Adults

Two sessions of a six-week basic computer training programme for adults were conducted during the year. The first session ran from 13th March to 26th April 2024, with 11 participants, while the second session took place from 7th November to 14th December 2024, training 10 participants. These sessions focused on foundational digital literacy to support personal and professional development.

Discipleship and Social Skills Class

The discipleship class provided spiritual guidance and Christian teachings to students, aimed at strengthening their faith and values. Weekly lessons were delivered using materials authored by Rev. Dr. Paul Jinadu. Each session included assessments to reinforce learning, and the programme was noted for its positive spiritual impact on participants.

3. Outreach Programmes

3.1 Ikorodu Outreach (Oct 30 – Nov 3, 2024)

The annual outreach was held in Ikorodu Town Hall, Ikorodu, Lagos State. The was a huge attendance of 7,973 adults and children during the 5-day event. Details of the activities are listed below.

3.2 Secondary School Outreaches

Secondary school outreaches were held weekly across Ile-Ife, Osu, Osogbo, Lagos, Ogbomoso, Ikorodu, Oyo, Fiditi, and Jobele. Hundreds of students were reached with activities that included discipleship, free tutorials and showing of HATIMA film.

3.3 Cell Groups

Cell Groups continued to grow and support rural communities in Ibadan including areas like Ode-Aje, OdeOlo, Yemetu, Oje, and Ita Bale. Outreach events were also held in Odinjo, Atipe, and Atenda (February), with a special crusade in Ode-Olo in March.

Support for Widows and Orphans

Empowerment and Education

Growth and Training

4. Free Medical Care

Major Surgery

A successful open heart surgery (2 holes in the heart) was performed on 2-year-old Baby Dorcas, who has recovered well. The parents are so grateful for the ample provision and prayers.

Conclusion

Liberty Nigeria’s 2024 activities reflect our unwavering commitment to holistic development—educational, spiritual, economic, and medical. We are grateful to our partners, volunteers, and donors for making this impact possible.

DR TAIWO AJAYI Date: 1[st] Sept, 2025

LIBERTY - MAKING PEOPLE FREE

Independent Examiners’ Report for the year ended 31 December 2024

I report on the accounts of the charity for the year ended 31 December 2024 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 10[th] Oct 2025

LIBERTY - MAKING PEOPLE FREE

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES
Notes
Incoming Resources
6
Gifts, donations & incoming resources
Other 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 2023
Unrestricted
funds
Restricted
funds
Total funds
2024
2024
2024
£
£
£
66,309
66,309
4,944
4,944
-00
-00
71,253
-
71,253
71,253
-
71,253
53,778
53,778
14,549
-00
14,549
500
-00
500
-00
68,827
-00
68,827
-
68,827
-
68,827
2,426
2,426
236,313
236,313
238,739
238,739
Last year
2023
£
42,087
-00
42,087
-00
42,087
47,387
13,928
400
-00
61,715
61,715
(16,036)
-00
252,349
236,313

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
2024
2023
£
£
-
-
238,739
236,313
238,739
236,313
-
-
238,739
236,313
238,739
236,313
238,739
236,313
-
-
238,739
236,313

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
£
£
£
71,253
-
42,087
-
-
-
71,253
-
42,087
7. CHARITABLE ACTIVITIES COSTS
Resources expended to charitable activities
Resources expended to other charitable activities
Sundry Donations
Direct costs
Support costs Total
£
£
£
53,778
-
53,778
8,049
6,500
14,549
-
-
-
61,827
6,500
68,327

8. SUPPORT COSTS

Wages
Professional fees

9. GOVERNANCE COSTS


Accountancy
Legal and professional fees
2024
2023
£
£
6,000
3,000
500
-
6,500
3,000
2024 2023
££
500400
500
400

10. TRUSTEES REMUNERATION

AND BENEFITS

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

11. CASH AT BANK

2024 2023
£ £
238,739 236,313
12. MOVEMENT IN
FUNDS Net Movement in funds
At.1/1/24 At 31/12/24
£ £
£
Unrestricted funds
General 236,313 2,426 238,739
Restricted funds -
TOTAL FUNDS 236,313 2,426 238,739
Net movement in funds, included in the above are as
below
Incoming Resources Movement in
13. resources expended funds
£ £ £
Unrestricted
funds
General 71,253 (68,827) 2,426
Restricted funds
Restricted funds - - -
TOTAL FUNDS 71,253 (68,827)
2,426

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