JOY TO THE NATIONS INTERNATIONAL
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FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31[ST] DECEMBER 2023
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CHARITY NUMBER: 1156545
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| CONTENTS | PAGE |
|---|---|
| Legal & Administrative Details | 2 |
| Report of the Trustees | 3 |
| Statement of the Trustees’ Responsibilities | 4 |
| Independent Examiners’ Assurance Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Fixed Assets Schedule | 8 |
| Movement of Funds | 9 |
| Notes to the Financial Statements | 10-12 |
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LEGAL & ADMINISTRATIVE DETAILS
STATUS
The organization is a Charitable Incorporated Organization, established under a constitution, and was registered with the Charity Commission in April 2014.
Principal Address: Joy to the Nations International 27 Lundy Close Basingstoke Hampshire RG24 9AJ
| Trustees: | |
|---|---|
| Evelyn Akrasi - Chair | |
| Mildred Pountney - Secretary | |
| Dr Daniel Mensah Anang - Treasurer | |
| Charity Number: | 1156545 |
| Principal Bankers: | Barclays Bank PLC, |
| 90-93 Broad Street Reading, | |
| Buckshire | |
| RG1 2AP |
Independent Eaminer: Fresh Fire Organisation
Generator Business Centre 95 Miles Road Mitcham CR4 3FH
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REPORT OF THE TRUSTEES:
The Trustees present their annual report and financial statements for the year ended 31st December 2023 in accordance with the charity's constitution.
PRINCIPAL ACTIVITIES
These were achieved through the continual support of an orphanage of 20 children with resources, clothing, footwear and food provisions throughout the year in Ghana. The charity also continuously sponsored the education of 9of them in a private school. Additionally, a helping hand was extended to 25 more children in a deprived community in Ghana through the provision of relief and educational items.
There was a quarterly monitoring and evaluation that the organization conducted for all volunteers to assess the performance, objectives and current needs of the project.
In the UK, the organization embarked on a women’s well-being initiative through breakfast meetings in Basingstoke. It also engaged in fund raising events and activities in the Christian community.
FUTURE PLANS :
The Charity plans to expand and reach out to more beneficiaries within the next five years. We aim to continue the work in the UK with women through the Breakfast Meetings where women come together to deliberate on women’s issues. We also aim to continue our fundraising events and support for orphans and deprived children. The organization plans to continue these and more activities in the forthcoming years subject to satisfactory funding arrangements and generous donations from persons and/organisations who support relief for the deprived in rural and urban areas, both in the UK and in Africa (Ghana).
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STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES
The trustees are required by law to prepare financial statements which give a true and fair view of the state of affairs of the Charity at the end of the financial period. The financial statements must be prepared in accordance with the required formats and disclosures of the Charities Act 2011 and with applicable accounting standards. In addition, the Trustees are:
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To select suitable accounting policies and apply them consistently;
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To make judgements and estimates that are reasonable and prudent;
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To take account of expenses and income relating to the period reported on, whether or not they have been paid or received in that period;
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To state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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To prepare financial statements on a going concern basis unless it is inappropriate to presume that they charity will continue in business.
The Trustees confirm that the financial statements comply with the above requirements. The Trustees are also responsible for maintaining adequate accounting records to enable them to ensure that the financial statements comply with the requirements of the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINERS
Chuks Ajuka, the Independent Examiner, has indicated his willingness to accept reappointment for a further term as Independent Examiner of the Charity.
Signed on the behalf of the Trustees
Signature:
Name: Mildred Pountney
Date:
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF: JOY TO THE NATIONS INTERNATIONAL
This report is made solely to the Charity’s Trustees in accordance with the requirements of the Charities Act 2011. Our work has been undertaken so that we might state to the charity’s Trustees those matters we are require to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees, for our work, for this report, or for the opinions we have formed.
We have examined the financial statements on pages 6-12 for the year ended 31[st] December 2020.
Respective Responsibilities of the Trustees and Examiner:
As described on page 4, the charity’s trustees are responsible for the preparation of the Financial Statements. The charity’s Trustees consider that an Audit is not required for the year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examiner is needed.
It is our responsibility to examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the Act, and to state whether particular matters have come to our attention.
Basis of Independent Examiner’s Report
Our examination was carried out in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention:
Which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of part 8 of the Charities Act 2011 have not been met; orTo which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka Bsc(Man) FICB PMDip
Date Signed
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STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 DECEMBER 2023
| INCOME AND EXPENDITURE INCOMING RESOURCES Donations Gift Aid Small Donations Donations - Evelyn Akrasi Fund Raising Total Incoming Resources RESOURCES EXPENDED Diret Charitable Expenditure Other Total Resources Expended Net Incoming Resources for the year Net Movement of Funds Fund balances previous year Fund Balance to Balance Sheet |
2023 2022 2023 2022 - - - - - - - 6,742.00 3,100.00 - - - - - - Unrestricted Funds Restricted Funds |
|---|---|
| 6,742.00 3,100.00 |
|
| 6,973.00 2,907.00 - - - - - - - - |
|
| 6,973.00 2,907.00 - - |
|
| 6,742.00 3,100.00 - - 231.00 - 193.00 - - 533.00 340.00 - - |
|
| 302.00 533.00 - - |
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BALANCE SHEET AS AT 31 DECEMBER 2023
| Note | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| FIXED ASSETS | 2 | |||||||
| Fixtures and Fittings | - | - | ||||||
| Equipment | - | - | ||||||
| Motor Vehicle | - | - | ||||||
| - | - | |||||||
| CURRENT ASSETS | 3 | |||||||
| Deposit Receivable | - | - | ||||||
| Prepayment | - | - | ||||||
| Cash at Bank | 302.00 | 533.00 | ||||||
| LESS: CREDITORS | ||||||||
| FALLING DUE WITHIN | ||||||||
| ONE YEAR | ||||||||
| Short term loan | - | - | ||||||
| Creditors | - | - | ||||||
| Accruals | ||||||||
| - | ||||||||
| Net Current Assets/Liabilities | 302.00 | 533.00 | ||||||
| Net Assets | 4 | 302.00 | 533.00 | |||||
| FUNDS | 5 | |||||||
| Unrestricted Funds | 302.00 | 533.00 | ||||||
| Total Unrestricted Funds | 302.00 | 533.00 |
Approved by the Board of Trustees and signed on its behalf by:
Mildred Pountney Date:
The Notes on pages 10 to 12 form part of these Financial Statements
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FIXED ASSETS SCHEDULE FOR THE YEAR ENDED 31 DECEMBER 2023
| FIXED ASSET AT COSTS | Opening Balance |
Additions | Disposals | Closing Balance |
||||
|---|---|---|---|---|---|---|---|---|
| Fixtures and Fittings | - | - | - | - | ||||
| Equipment | - | - | - | - | ||||
| Motor Vehicle | - | - | - | - | ||||
| - | - | - | - | |||||
| DEPRECIATION AND AMORTISATION | ||||||||
| Fixtures and Fittings | - | - | - | - | ||||
| Equipment | - | - | - | - | ||||
| Motor Vehicle | - | - | - | - | ||||
| - | - | - | - | |||||
| NET BOOK VALUE | ||||||||
| Fixtures and Fittings | - | - | - | - | ||||
| Equipment | - | - | - | - | ||||
| Motor Vehicle | - | - | - | - | ||||
| - | - | - | - |
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MOVEMENT OF FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Funds | Unrestricted Funds | Restricted Funds | Restricted Funds | ||||
|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | 2023 | 2022 | |||
| 5 | |||||||
| Incoming Resources | |||||||
| Funds Receivable | 6,742.00 | 3,100.00 | - | - | |||
| Total Incoming Resources | 6,742.00 | 3,100.00 | - | - | |||
| Resources Expended | |||||||
| Insurance | 73.00 | - | - | ||||
| Salaries / wages (volunteers) | 420.00 | 90.00 | - | - | |||
| Stationary, postage & printing | - | - | - | - | |||
| Accounting services | 200.00 | 200.00 | - | - | |||
| Advertising & website expenses | 93.00 | 92.00 | - | - | |||
| Tithe/Missions | 2,985.00 | 2,025.00 | - | - | |||
| Events | 3,202.00 | 420.00 | |||||
| Supplies | - | 80.00 | - | - | |||
| Total Resources Expended | 6,973.00 | 2,907.00 | - | - | |||
| Net Incoming resources for the year | - | 231.00 |
193.00 | ||||
| Net Movement of funds | - | 231.00 |
193.00 | ||||
| Funds Balances -previous year | 533.00 | 340.00 | |||||
| Net Funds Balances as at 31 December 2018 | 302.00 | 533.00 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023
1. ACCOUNTING POLICIES
1.1.Accounting Convention
The Financial Statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Accounting Practice, Accounting and Reporting by Charities (SORP 2005), issued in March 2005, UK Accounting Standards and the Charities Act 2011.
1.2.Income Recognition
Voluntary income is received in cash y way of Small Donations and Fund Raising events, and other income and is included in full in the income and expenditure account to the extent that the related expenditure has taken place. Bank interest is included in the income and expenditure account upon receipt.
1.3.Cash Flow Statement
The Charity has taken advantage of the exemption in the Financial Reporting Standard Number 1 from producing a cash flow statement on the grounds that it is a small charity.
1.4.Income
The Charity’ sources of income are as set out in the notes to the accounts, under income Receivable.
Income and expenditure relating to the activities are detailed in the movement of funds statements.
2. FIXED ASSETS
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(a) Fixed assets are as shown in the schedule of fixed assets
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(b) Depreciation of Fixed Assets
Depreciation is calculated to write off these assets at 25% per annum on the reducing balances or in the case of wasting assets in equal annual amounts over the economic useful life of the assets.
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NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
| 3. CASH AT BANK AND AT HAND | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Current Account | 302.00 | 533.00 | - | - | ||
| 302.00 | 533.00 | - | - | |||
| 4. ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| Unrestricted Funds | Restricted Funds | |||||
| 2021 | 2020 | 2021 | 2020 | |||
| Funds balances as at 31st December 2015 | ||||||
| are represented by: | ||||||
| Fixtures and Fittings | - | - | - | - | ||
| Equipment | - | - | - | - | ||
| Motor Vehicle | - | - | - | - | ||
| Current Assets | 302.00 | 533.00 | ||||
| Creditors | ||||||
| Total Resources Expended | 302.00 | 533.00 | - | - |
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NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
| 5. ANALYSIS OF NET ASSETS BETWEEN | 5. ANALYSIS OF NET ASSETS BETWEEN | FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted Funds | Restricted Funds | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||
| Funds balances as at start of the year | 533.00 | 340.00 | |||||
| Income | 6,742.00 | 3,100.00 | - | - | |||
| Expenditure | - | 6,973.00 |
- | 2,907.00 |
- | - | |
| Fund balances at end of year | 302.00 | 533.00 | - | - | |||
| Income Receivalbe | |||||||
| Donations | - | - | - | ||||
| Smaill Donations | 6,742.00 | 3,100.00 | - | - | |||
| Gift Aid | - | - | - | - | |||
| Donations - Evelyn Akrasi | - | - | |||||
| Fund Raising | - | - | |||||
| Total Incoming Resources | 6,742.00 | 3,100.00 | - | - |
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