REGISTERED COMPANY NUMBER: 09084750 (England and Wales) REGISTERED CHARITY NUMBER: 1160415
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30th June 2023
for
Christianna Foundation
NCCS Associates Limited 88 Lichfield Grove Finchley London N3 2JN
Christianna Foundation
Contents of the Financial Statements for the Year Ended 30th June 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
Christianna Foundation (Registered number: 09084750)
Report of the Trustees for the Year Ended 30th June 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Christianna Foundation is established to:-
a) The advancement of education, in particular but not limited to assisting children in poor schools in Nigeria and
b) The furtherance of the charitable work of the charity by advancement of such other charitable purposes as the Trustees shall from time to time decide.
Page 1
Christianna Foundation (Registered number: 09084750)
Report of the Trustees for the Year Ended 30th June 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Christianna Foundation (UK) financially and materially supports the work of Christianna Foundation (Nigeria). This enables both charities to achieve their objectives of supporting underprivileged schools and children in Nigeria.
Christianna Foundation UK and Nigeria actively engaged in several impactful initiatives from 1st July 2022 to 30 June 2023, aimed at enhancing literacy and supporting educational infrastructure. This report outlines the charity's activities, underscoring the effective application of resources towards improving literacy levels among children.
Highlights of Activities and Achievements
1. Literacy Enhancement through Reading Made Easy Workshops
1.1 Completion of year 2 of our pilot to assess the effectiveness of Reading Made Easy materials and workshops on English literacy levels among primary aged pupils. Reading Made Easy is a partnership project developed with Christianna Foundation in response to an identified need for alternative early literacy materials. 300 pupils took part in the pilot and results were measured by using an adapted version of the USAID Early Grade Reading Assessment (EGRA). Significant, concrete, quantitative improvements were measured.
1.2 Implementation of 12 half-hour workshops per year over 2-years, resulting in significant improvements in literacy skills. Key findings from the research report are as follows:
Comprehensive Literacy Improvement: The study recorded marked increase in children's foundational literacy abilities across 5 skills areas: letter name recognition, letter sound recognition, familiar word recognition, non-familiar word recognition and listening comprehension.
Exceptional Gains in Core Skills: Remarkable strides were observed in "Letter Sound Recognition" and "Listening Comprehension". These two areas are critical to reading fluency and comprehension, and they exhibited the most substantial improvements. For example, zero scores in Listening Comprehension plummeted from 97.18% to a mere 4.23% by the end of Year 2.
"RME has increased the positive behaviours around reading in English including the following; pupils are now reading fluently, observing reading habits on punctuation marks, and able to comprehend what they have read. On motivation to read, the pupils are now reading other text in English, they're reading hand bills commonly placed on the building walls and in public places. The RME programme has increased the pupil's confidence in reading at any time and place as they are seen reading fluently with their peers at home and in public. They have started taking part in the school quiz competition and read among their friends. On parents and community support, this impact is gradually improving and will improve more with time and with more enlightenment programmes. This will change for better, however most of these parents are not literate themselves so this is a difficult job." Mr Olasupo, Course Facilitator.
2. Book Box Library Club
2.1 Launch of a Book Review Challenge for Book Box Library Club members, culminating in awards for seven pupils for outstanding reviews. Each pupil was awarded with a certificate and a book to celebrate their achievements.
2.2 Book Box Library Club Super Mentor awards went to seven teachers for exemplary support of students' literacy.
Page 2
Christianna Foundation (Registered number: 09084750)
Report of the Trustees for the Year Ended 30th June 2023
2.3 Procurement of educational materials, including 2000 notebooks, 500 bookbags, 600 storybooks, and 500 early phonics readers, to bolster the mobile libraries and support the new academic year.
3. Responding to Research Findings
3.1 Introduction of additional materials and worksheet to support the Reading Made Easy series trials.
3.2 Development and distribution of word lists for teachers to enhance phonic decoding abilities among students.
4. Recognition and Expansion
4.1 Receipt of a letter of appreciation from St. John's Anglican School, acknowledging the positive impact of the Reading Made Easy program.
- 4.2 Positive feedback about the Reading Made Easy programme was recorded from teachers, parents and pupils.
4.3 Positive recommendations from researchers advocating for the broader use of Reading Made Easy materials.
5. Ongoing Support for Existing Built Libraries
5.1 Renovation of built libraries to ensure safe and conducive learning environments, including the Elizabeth Adesola Akinjide Memorial Library and the Omonike Akinjide Memorial Library.
5.2 Infrastructure improvements during August and September, including flooring replacement in three classrooms at Ibadan School for the Handicapped.
6. Corporate Support
- 6.1 Receipt of a substantial donation from First Bank Nigeria, facilitating further literacy initiatives.
Conclusion
Throughout the fiscal year 2022-2023, Christianna Foundation has demonstrated a strong commitment to enhancing literacy among children in Nigeria. Through innovative literacy programmes, infrastructure improvements, and community engagement, the Foundation has laid a solid foundation for future growth and expansion. The tangible improvements in literacy levels and the supportive feedback from the community underline the success of the Foundation's initiatives. With continued support and funding, Christianna Foundation aims to extend its impactful work, fostering a brighter educational future for children in Nigeria.
FINANCIAL REVIEW
Reserves policy
Christianna Foundation banks with a UK bank. Any reserve will be for future funding activities and to achieve its objectives as a charity.
Page 3
Christianna Foundation (Registered number: 09084750)
Report of the Trustees for the Year Ended 30th June 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The company is limited by guarantee and therefore has no share capital. Each Trustee's guaranteed liability is limited to £10.
Recruitment and appointment of new trustees
The charity may by ordinary resolution appoint a person who is willing to act as a trustee.
The Trustees shall ensure that when a new trustee (also known as members) is admitted, account shall be taken (to the extent that the Trustees consider it practicable to do so) of the need for Members to contribute to both the balance and the range of skills and expertise present in both the membership and the Trusteeship from time to time.
Every trustee must sign a declaration of willingness to act as a Charity Trustee of Christianna Foundation before he or she is eligible to vote at any meeting of the trustees.
A trustee may not appoint an alternate Trustee or anyone to act on his or her behalf at meetings of the trustees
Every trustee must ensure that the charity at all times has a list of their interest as trustee, director, officer , partner, elected member of firm, body or public body. Also they are to disclose if they own more than 1% of public quoted company, own or control more than 10% of not publicly company or any other interest which is significant or material where decision of contract, proposed contract, arrangement or dealing are concern.
New trustees should read the Memorandum and Articles of Association of Christianna Foundation, which is freely available on Companies House Website.
Related parties
Christianna Foundation (Nigeria) is the sister charity in Nigeria which enable charitable work to be carried out. The trustees, Mr.Abayomi Akinjide and Mrs. Alisa Simone Gourley are also trustees of Christianna Foundation (Nigeria).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09084750 (England and Wales)
Registered Charity number
1160415
Registered office
88 Lichfield Grove C/o Nccs Associates Limited London N3 2JN
Trustees
A Akinjide Solicitor R O Duntoye Director Mrs A S Gourley None
Page 4
Christianna Foundation (Registered number: 09084750)
Report of the Trustees for the Year Ended 30th June 2023
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary
Independent Examiner
NCCS Associates Limited 88 Lichfield Grove Finchley London N3 2JN
Approved by order of the board of trustees on 1st April 2024 and signed on its behalf by:
A Akinjide - Trustee
Page 5
Independent Examiner's Report to the Trustees of Christianna Foundation
Independent examiner's report to the trustees of Christianna Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Noel Chan Ah Song
NCCS Associates Limited 88 Lichfield Grove Finchley London N3 2JN
1st April 2024
Page 6
Christianna Foundation
Statement of Financial Activities for the Year Ended 30th June 2023
| 30.6.23 | 30.6.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 30,000 | 10,583 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| General Administrative costs | 12,141 | 12,261 | |
| NET INCOME/(EXPENDITURE) | 17,859 | (1,678) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 14,805 | 16,483 | |
| TOTAL FUNDS CARRIED FORWARD | 32,664 | 14,805 | |
The notes form part of these financial statements
Page 7
Christianna Foundation (Registered number: 09084750)
Balance Sheet 30th June 2023
| 30.6.23 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 33,384 CREDITORS Amounts falling due within one year 6 (720) NET CURRENT ASSETS 32,664 TOTAL ASSETS LESS CURRENT LIABILITIES 32,664 NET ASSETS 32,664 FUNDS 7 Unrestricted funds 32,664 TOTAL FUNDS 32,664 |
30.6.22 Total funds £ 16,525 (1,720) 14,805 14,805 14,805 14,805 14,805 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 1st April 2024 and were signed on its behalf by:
A Akinjide - Trustee
The notes form part of these financial statements
Page 8
Christianna Foundation
Notes to the Financial Statements for the Year Ended 30th June 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 9
continued...
Christianna Foundation
Notes to the Financial Statements - continued for the Year Ended 30th June 2023
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th June 2023 nor for the year ended 30th June 2022.
3. STAFF COSTS
The average number of employees during the year was Nil (2020 - Nil).
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricte | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 10,583 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| General Administrative costs | 12,261 | |
| NET INCOME/(EXPENDITURE) | (1,678) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 16,483 | |
| TOTAL FUNDS CARRIED FORWARD | 14,805 | |
| 5. | TANGIBLE FIXED ASSETS | |
| COST | Plant and machinery £ |
|
| At 1st July 2022 and 30th June 2023 | 265 | |
| DEPRECIATION | ||
| At 1st July 2022 and 30th June 2023 | 265 | |
| NET BOOK VALUE | ||
| At 30th June 2023 | - | |
| At 30th June 2022 | - | |
Page 10
continued...
Christianna Foundation
Notes to the Financial Statements - continued for the Year Ended 30th June 2023
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|---|---|---|
| 30.6.23 | 30.6.22 | |||
| £ | £ | |||
| Accruals and deferred income | 720 | 1,720 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | Net movement At 1.7.22 in funds £ £ |
At 30.6.23 £ |
||
| General fund | 14,805 17,859 |
32,664 | ||
| TOTAL FUNDS | 14,805 17,859 |
32,664 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
||
| General fund | 30,000 (12,141) |
17,859 | ||
| TOTAL FUNDS | 30,000 (12,141) |
17,859 | ||
| Comparatives for movement in funds | ||||
| Unrestricted funds | Net movement At 1.7.21 in funds £ £ |
At 30.6.22 £ |
||
| General fund | 16,483 (1,678) |
14,805 | ||
| TOTAL FUNDS | 16,483 (1,678) |
14,805 | ||
Page 11
continued...
Christianna Foundation
Notes to the Financial Statements - continued for the Year Ended 30th June 2023
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 10,583 |
(12,261) | (1,678) |
| TOTAL FUNDS 10,583 |
(12,261) | (1,678) |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| At 1.7.21 £ Unrestricted funds |
Net movement in funds £ |
At 30.6.23 £ |
| General fund 16,483 |
16,181 | 32,664 |
| TOTAL FUNDS 16,483 |
16,181 | 32,664 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 40,583 (24,402) |
16,181 |
| TOTAL FUNDS | 40,583 (24,402) |
16,181 |
Page 12
continued...
Christianna Foundation
Notes to the Financial Statements - continued for the Year Ended 30th June 2023
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2023.
Page 13