2021-01-31-accounts - African Children Empowerment

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Charity No 1168251

AFRICAN CHILDREN EMPOWERMENT

TRUSTEES REPORT AND FINANCIAL STATEMENTS

For the year ended 31st January 2021

AFRICAN CHILDREN EMPOWERMENT

Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended31st January 2021.

CONTENTS	2
Legal and administrative information	3
Trustee's report	3 - 5.
Independent Examiner’s Report	8
Statement of Financial Activities	7
Balance Sheet	8
Notes forming part of the financial statements	9-14.
The following pages do not form part of the statutory accounts
Detailed income and expenditure account	15

AFRICAN CHILDREN EMPOWERMENT LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31st January 2021

Trustees

1 Mr Solomon Akaka 2 Mr Obi Anumba 3 Mr Michael Ndukwe

Charity No 1168251 Registered Office Flat 8 Elmbank Court 291 Yardley Green Road B9 5QA Chair Mr Solomon Akaka Accountants Jecom & Co Incorporated Financial Accountants (IFA) 276 Monument Road Edgbaston Birmingham B16 8XF

Bankers

AFRICAN CHILDREN EMPOWERMENT

Trustee's report For the year ended 31st January 2021

The Board of Trustees

submit their annual report and the financial statements of African children empowerment

for the year ended 31st January 2021. The Board of Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirement of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities issued in October 2000.

Method of appointment or election of Trustees

The Management of the Charity is the responsibility of the Trustees who are elected

and co-opted under the terms of the constitution.

Constitution policies and objectives

African children empowerment is a registered charity.

The principle object of the Charity is to organise children services, community services, mentoring and advice nursery and teaching of children, adult and youth

There have been no changes in the objectives since the last annual report.

Organizational structure and decision making

The organization of the Charity is controlled by the members of the Board of Trustees.

Review of activities

During the year the Charity received a total of £996 from donations and other sources. The financial results for the year are shown in the annexed accounts

Reserves policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

AFRICAN CHILDREN EMPOWERMENT Trustees'S REPORT For the year ended 31st January 2021.

Trustees's responsibilities

Charity law applicable to charities in England/Wales requires the Management Committee 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 the period. In preparing those financial statements the Trustees have

selected suitable accounting policies and applied them consistently,
- made judgments and estimates that are reasonable and prudent,
stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation).

The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. These account has been delivered in accordance with the provisions applicable to chariries subject to the small companies regime.

The report was approved by the Trustees on 20th November 2021 and signed on its behalf b

Mr Solomon Akaka

Chairman

AFRICAN CHILDREN EMPOWERMENT

Independent Examiner’s Report to the trustees of African children empowerme For the year ended 31st January 2021.

I report on the accounts for the year ended 31st January 2021 which are set out on pages 6 to 14 Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the charity Act 1993 (the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 43 of the Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention.

Basis of Independent examiner’s report

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 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

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 the course of my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in, any material respect, the requiremen to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; 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.

J. Okundaye AFA FFTA FIAB

Jecom & Co

Incorporated Financial Accountants 276 Monument Road Edgbaston Birningham B16 8XF

AFRICAN CHILDREN EMPOWERMENT STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st January 2021.

	Restricted	Unrestricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
Note	£	£	£	£

INCOMING RESOURCES

Donations legacies and similar incoming resources 2 RESOURCES EXPENDED Charitable expenditure: Cost of activities in furtherance of the charity's objects Support costs for grants and activities 3 Resources expended on managing and administering the charity 4 TOTAL RESOURCES EXPENDED 5 IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR TOTAL FUNDS AT 1 October 2020 TOTAL FUNDS AT 31st January 2021	996 996 592
	0 996 996 592
	767 767 433 175 175 0
	0 942 942 433
	54 54 0 0 0 0
	0 54 54 159

The Statement of Financial Activities includes all gains and losses recognized in the year The notes on page 10 to 15 form part of these financial statements

AFRICAN CHILDREN EMPOWERMENT

BALANCE Sheet As at 31st January 2021.

FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 Cash at Bank and in Hand 60 60 CREDITORS - Amount falling due 10 within one year 0 NET CURRENT ASSETS	2021 £ 0 0 0 0 60	2020
		£ 0 0

NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11	60 0 60 60	0
		0 0
		0

The Trustees have:-

a] “For the year ending 31st January 2021 the charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006 .
b] The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
c] The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting periods and preparation of the accounts.

The financial statements were approved by the Trustees on the 20th November 2021 And are signed on their behalf by:

Apostle Edobor Okundaye

Chair

The notes on pages 10 - 15 form part of these financial statements

AFRICAN CHILDREN EMPOWERMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

1 ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP). "Accounting and Reporting by Charities" published in October 2000,

1.2 Charity Status

The members of the charity are the trustees named on page 1 in the event of the Charity being wound up.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers.

AFRICAN CHILDREN EMPOWERMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the

charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

1.6 Cash flow

The financial statements do not include a cash flow statement because the charitable charity, as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:

Motor Vehicle - 25% Straight line Furnitures and Fixtures - 25% Straight line Office Equipment - 25% Straight line

AFRICAN CHILDREN EMPOWERMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

DONATIONS, LEGACIES AND	SIMILAR INCOMING RESOURCES
Grants Government grants	Restricted Unrestricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 0 0
	0 0 0 0

3 SUPPORT COSTS FOR GRANTS AND ACTIVITIES

	Restricted	Unrestricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
	£	£	£	£
Printing postage & stationary		0	0	0
Substriction		0	0	0
Light & Heat		0	0	0

Bank charges Property rent Consultancy Toiletories & first aid Charity Insurance Advertisement Travel and subsistence Repairs & maintenance Functions Total	0 0 0 0 0 0 0 0 0 0 0 0 0 0 690 690 433 0 0 0 77 77 0
	0 767 767 433

AFRICAN CHILDREN EMPOWERMENT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

		RestrictedUnrestricted	RestrictedUnrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2021	2021	2021	2020
		£	£	£	£
	Sundries		0	0	0
	Audit & Accountancy fees		100	100	0
	Professional fees		0	0	0
	Telephone		75	75	0
	Depreciation - motor vehicles				0
	Depreciation - office equipment		0	0	0
	Depreciation - fixtures & fittings		0	0	0
	Total	0	175	175	0
5	ANALYSIS OF RESOURCES EXPENDED BY		EXPENDITURE TYPE
	Staff Costs	Depreciation	Other Costs	Total	Total
	2021	2021	2021	2021	2020
	£	£	£	£	£
Voluntary	Expenses
Support costs for grants and
activities			767	767	0
Resources	expended on managing
and administering the charity		0	175	175	0

£0

0 942 942 0

Total Resources Expended

NET INCOMING RESOURCES/(RESOURCES EXPENDED)
	Total	Total
	2021	2020
This is stated after charging	£	£
Depreciation of tangible fixed assets
owned by the charity	0	0
Audit & Accountancy fees	100	0
Professional fees	0	0
	100	0

AFRICAN CHILDREN EMPOWERMENT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

During the year no Trustees received any remuneration (2021 - £NIL) During the year no Trustees received any benefit in kind (2021 - £NIL)

During the year no Trustees received any reimbursement of expenses (2020 - £NIL)

7	STAFF COSTS AND NUMBERS	STAFF COSTS AND NUMBERS
	Staff costs were as follows			2021	2020
				£	£
	Voluntary Expenses			0	0
	The average monthly number of employees during the year was as follows
				2021	2020
	Administrative			0	0
	No employee received remuneration amounting to more than £50000 in either year
8	TANGIBLE FIXED ASSETS	Motor Equipment		Fixtures &	Total
		Vehicles		Fittings
		£	£	£	£
	Cost
	At 1 October 2020	0	0	0	0
	Church van written off				0
	Addition in year		0	0	0
		0	0	0	0
	Depreciation

At 1 October 2020 Charge for the year At 31st January 2021 Net book value At 31st January 2021 At 31st January 2020 9 DEBTORS Due within one year Debtors Cash in hand and at bank	0 0 0 0 0 0 0 0	0 0 0 0 0 0 0 0
	0 0 0 0
	0 0 0 0
	0 0 0 0
		2021 2020 £ £ 0 0
		0 0

AFRICAN CHILDREN EMPOWERMENT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2021.

10	CREDITORS			2021	2020
	Amount falling due within one	year		£	£
	Bank Loan and overdrafts			0	0
	Accruals			0	0
	Tax & National Insurance Contribution
				£0	£0
11	STATEMENT OF FUNDS
		Brought	Incoming	ResourcesCarried
		Forward	ResourcesExpended		Forward
	UNRESTRICTED FUNDS	£	£	£	£
	General Funds	0	996	942	0
	General Fund 1
	Subtotal	0	996	942	0
	RESTRICTED FUNDS
	Restricted Funds
		0	0	0	0
	SUMMARY OF FUNDS
		£	£	£	£
	General Funds	0	996	942	0
	Restricted Funds
	Total of Funds	0	996	942	0

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Unrestricted

Total Total

	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
	£	£	£	£
Tangible fixed assets		0	0	0
Debtors due after more than 1 year
Current assets		60	60	0
Creditors due within one year
Total	0	60	60	0

AFRICAN CHILDREN EMPOWERMENT

DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 31st January 2021

31st
INCOME
Thithes and offerings
Gift aid
Building Appeal Funds
Voluntary Donations
Income from community Activities
LESS : EXPENDITURE
Property rent and rate
Light & Heat
Printing, Postage & Stationery
Building Services and maintainance
Subscription
Charity
Insurance
Toiletories and first aid
Travel and subsistence
Telephone & Fax
Professional fees
Audit & Accountancy fees
Sundries
Functions
Bank Charges
Depreciation - motor vehicles
Depreciation - office equipment
Depreciation - Fixtures and fittings
TOTAL EXPENDITURE
NET INCOME FOR THE YEAR Fund
January 2021
31st January 2020
£
£
0
` 0 996 592 996 996 592 592 0 0 - 0 690 433 75 100 0 77 0 0 - 0 - 0 - 942
433
£
54
£
159