## **New Dawn Initiative** **Charity Number: 1162723** **Income and expenditure account For the year ended 31 January 2022** ## **Trustees report for the year ended 31 January 2022** The trustees present their annual report with the financial statements of the charity for the year ended 31 January 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005. ## **Principal activity** The principal activities of the charity continues to be that of Education and Training ## **Trustees** The trustees in office at the beginning and end of the year, were as follows Foluso Oyegbesan Mr Solomon Adebiyi ## **Trustees' responsibilities** The charity act 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 charity and of the surplus or deficit of the charity for that year. In preparing those accounts, the trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice were used; - prepare the financial statements based on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Acts. 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. This report was approved by the Board of trustees on and signed on their behalf by Foluso Oyegbesan Trustee New Dawn Initiative **Charity Number: 1162723** 2 **for the year ended 31 January 2022** |**STATEMENT OF FINANCIAL ACTIVITIES**
**INCOMING RESOURCES**
Incoming resources from generated funds;
**Voluntary income: donation**
Activities in furtherance of charitable activities
Investment income
Total Incoming Resources
**RESOURCES EXPENDED**
**Charitable Activities**
Religious organisations: donations
Other charitable purposes
**Governance Costs**
Management and administrative cost
**Total Resources Expended**
**Net Incoming/ (Outgoing) Resources**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|**2022**
**2022**
**2022**
**2021**
**Restricted**
**Unrestricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
-
7,236
7,236
390| |---|---| ||**-**
**7,236**
**7,236**
**390**
-
-
-
-
7,507 7,507
720| ||**-**
**7,507**
**7,507**
**720**
-
(271)
(271)
(330)
-
(5,233)
(5,233)
(4,903)| ||**-**
**(5,504)**
**(5,504)**
**(5,233)**| 3 |**BALANCE SHEET**
**FIXED ASSETS**
**CURRENT ASSETS**
Debtors
Cash and Bank
**CURRENT LIABILITIES**
**Creditors**- within one year
**NET CURRENT ASSETS**
**Creditors**– Not within one year
**NET ASSETS**
**Capital and Reserves**
Equity Shareholder's Fund / (loss)
**NET ASSETS**
**Charitable Activities**
Programme expenses
Assessor
**Governance Cost**
Accountancy
Sundries
Admin & Office expenses|**2022**
**£**
-
-
(113)
(5,391)|**2022**
**£**

(5,504)|**2021**
**£**
-
-
358
(5,591)|**2021**
**£**
-
-
358
(5,591)|**2021**
**£**

(5,233)
**(5,233)**
(5,233)
**(5,233)**
**2022**
**2021**
**£**
**£**
-
-
-
-
**-**
**-**| |---|---|---|---|---|---| ||||||| |||**(5,504)**|||| |||(5,504)|||| |||**(5,504)**|||| ||||||| ||||||**2022**
**2021**
**£**
**£**
-
199
132
252
7,375
269| ||||||**7,507 **
**720**| 4 |**CREDITORS**- falling due within one year
DLA
Accountancy fee (Accruals)
Other Creditors|**2022**
**2021**
**£**
**£**
449
300
-
349
4,942
4,942| |---|---| ||**5,391 **
**5,591 **| 5