Family Point
Registered Charity No. 1167748 Financial Statements For the year ended 31.05.2021
| Contents | Page No |
|---|---|
| Charity Information | 1 |
| Trustees Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes | 6 - 7 |
Family Point
Registered Charity No. 1167748 Financial Statements For the year ended 31.05.2021
Charity Information
| Registered Charity Number | 1167748 |
|---|---|
| Registered Charity Address | 37 Windmill Lane |
| London | |
| E15 1PG | |
| Board of Trustees | Chinedu Udonsi (Chair) |
| Samuel Obafemi | |
| Edna Ahuama | |
| Robert Otule | |
| Banker Details | Natwest |
| Stratford Broadway | |
| 1 -11 Broadway | |
| Stratford London | |
| E15 1PG | |
| Accountants | EAS Limited |
| 74 Whitmore Drive | |
| Colchester | |
| CO4 6BR |
Page 1
Family Point
Registered Charity No. 1167748
Trustees' Report
For the year ended 31.05.2021
The trustees are pleased to present their report for the year ended 31st May 2021.
Aims and Objectives
The objectives of the organisation are to relieve the distress caused by domestic abuse.
Public Benefit
All of Family Point's projects are dedicated for the benefit of the public
Family Point achieved its objectives in the year ended 31 May 2021 through working with referrals from agencies. The charity collaborated with other agencies to ensure safety and protection of women and children.
Financial Review
The charity accounts include income of £7,300 receiced from Newham council . All expenditure for the year has been accounted for.
Reserve Policy
The charity aims to hold reserves for contingencies and is looking into opening a reserves account.
Risk Management
The Trustees continue to assess the major risk the charity maybe exposed to including funding risk.
Structure, Governance and Management
Family Point is a registered charity with a board of trustees who meet quarterly . The board is composed of different expertise from different backgrounds relavant to the work of the charity.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an on-going basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees and signed on their behalf by:
Dr Chinedu Udonsi (Chair).......................................................
Page 2
Family Point
Registered Charity No. 1167748
Examiner's Report
For the year ended 31.05.2021
I report on the attached Financial Statements for the year ended 31 May 2021, which are set on pages 3 to 7 and have been prepared on an accrual basis.
Responsiblibities of Management Committee and Examiner
The Charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
The Charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibility to:
1 - Examine the accounts under section 145 of the Charities Act;
2- to follow the requirements of the Charity Commission under section 145(5)(b) of the Act; and
- 3 - to state whether particular matters have come to my attention.
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 material matters have come to my attention which gives me cause to believe that in, any material respect
1 - accounting records were not kept in accordance with section 130 of the Charities Act or
2 - the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Phil Mutero EAS Limited 74 Whitmore Drive Colchester Essex
Page 3
Family Point (Registered Charity No. 1167748) Statement of Financial Activities For the year ended 31.05.2021
| Notes INCOME Survivors Together Seedbed Christian Community LWME Other Income TOTAL INCOME EXPENDITURE Rent Postage/Printing/Stationery Training Subscriptions Accountancy Fees Travel Expenses Admistration Sundry Expenses TOTAL EXPENDITURE SURPLUS/ (DEFICIT) Total Funds brought Forward Transfer between Funds Total Funds carried Forward |
Unrestricted Restricted 2021 2020 Funds Funds Total Total £ £ £ £ 7,390 7,390 3,600 - - - - - - - 7,390 7,390 3,600 0 1,755 11 11 2 278 278 278 768 768 267 275 275 300 310 310 217 452 452 0 90 90 532 1,043 1,141 2,185 3,351 (1,043) 6,249 5,206 249 7 7,648 7,648 7,399 1,036 (1,036) (0) 12,861 12,853 7,648 |
|---|---|
Page 4
Family Point
(Registered Charity No. 1167748)
Statement of Financial Position as at 31 May 2021
| Notes Fixed Assets 3 Current Assets Cash at Bank Debtors 4 Credtitors - Amounts falling due within one year Creditors & Accruals 5 Net Current Assets Net Assets Funds Unrestricted Funds Restricted Funds |
2021 £ 681 12,447 12,447 (275) 12,172 12,853 12,853 12,853 |
2020 £ 1,052 3,296 3,600 6,896 (300) 6,596 7,648 7,648 7,648 |
|---|---|---|
For the year ended 31 May 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
APPROVED by the Meeting held on and signed on its behalf
by Dr Chinedu Udonsi (signature)
Page 5
Family Point
(Registered Charity No. 1119719)
Notes for the year ended 31.05.2021
1. Accounting Policies
a) The financial statements have been prepared in accordance with Charity Commission’s 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 (FRS102) and the companies Act 2006
The Charitable Company meets the definition of a public benefit entity under FRS 102. The Financial statements have been prepared under the historical cost or transaction value unless otherwise stated in the relevant accounting policy or note
b)Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the Charity in entitled to the income and the amount can be quantified with reasonable accuracy.
c) Resources Expended
Resources expended are recognised in the Statement of Financial Activities when the liability is incurred. Charitable expenditure comprises those costs incurred by the Charity carrying out its activities. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity
d) Tangible Fixed Assets
Depreciation is calculated to the extent such that the cost of the asset is spread over the useful life of the asset and is charged at 25% per annum on cost
2. Fund Accounting
Unrestricted funds are income generated for the objects of the organisation without further specified purpose and are available as general funds.
Restricted funds are subject to restrictions on their payments imposed by the funder or through the terms of an appeal.
Page 6
Family Point
(Registered Charity No. 1119719)
Notes for the year ended 31.05.2021
3. Tangible Fixed Assets
| Cost at at 01.06.2020 additions as at 31.05.2021 Depreciation at 01.01.2020 Charge for the year Net Book value at 31.12.20 Net Book value at 31.12.21 5. Accumulated Funds Designated Funds General Funds 4. Debtors Accrued Income 5. Creditors:Amount falling within one year Accountancy Fees Total |
2021 £ 1,482 1,482 431 371 801 1,052 681 2021 2020 £ £ 12,853 7,648 12,853 7,648 2021 2020 £ £ - 3,600 2020 2020 £ £ 275 300 275 300 |
|---|---|
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