2024-01-31-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 2024

AFRICAN CHILDREN EMPOWERMENT

Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended31st January 2024.

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 2024

Trustees 1 Mr Solomon Akaka 2 Mr Obi Anumba 3 Mr Michael Ndukwe Charity No: 1168251 Registered Office 38 Roland Crescent Solihull B91 2JF 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 2024

The Board of Trustees

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

for the year ended 31st January 2024. 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 £2,150 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 2024.

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 2024 and signed on its behalf by

Mr Solomon Akaka Chairman

AFRICAN CHILDREN EMPOWERMENT

Independent Examiner’s Report to the trustees of African children empowerment For the year ended 31st January 2024.

I report on the accounts for the year ended 31st January 2024 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 requirements: 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 2024.

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 2023 TOTAL FUNDS AT 31st January 2024	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 2150 2150 592
	0 2,150 2,150 592
	1102 1102 433 1008 1008 0
	0 2,110 2110 433
	40 40 0 0 0 0
	0 40 40 159

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 2024.

FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 Cash at Bank and in Hand CREDITORS - Amount falling due 10 within one year NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11	112		2024 £ 720 0 0 0 112 832 0 0	2024 £ 720 0 0 0 112 832 0 0	2023
					£ 0 0
	112 0
					0
					0 0
					0

The Trustees have:-

a] “For the year ending 31st January 2024 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 2024 And are signed on their behalf by:

Solomon Akaka

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 2024.

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 2024.

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 2024.

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

Grants Government grants	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 0 0
	0 0 0 0

SUPPORT COSTS FOR GRANTS	AND ACTIVITIES
	Restricted Unrestricted		Total	Total
	Funds	Funds	Funds	Funds
	2024	2024	2024	2023
	£	£	£	£
Printing postage & stationary		0	0	0
Substriction		0	0	0
Light & Heat		300	300	0
Bank charges		0	0	0
Property rent		0	0	0
Consultancy
Toiletories & first aid		0	0	0
Charity		0	0	0
Insurance				0
Advertisement				0
Travel and subsistence		725	725	433
Repairs & maintenance		0	0	0
Functions		77	77	0
Total	0	1102	1102	433

AFRICAN CHILDREN EMPOWERMENT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st January 2024.

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
			2024	2024	2024	2023
			£	£	£	£
	Sundries			30	30	0
	Audit & Accountancy fees			350	350	0
	Professional fees			93	93	0
	Telephone			295	295	0
	Depreciation - motor vehicles					0
	Depreciation - office equipment			125	125	0
	Depreciation - fixtures & fittings			115	115	0
	Total		0	1008	1008	0
5	ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
		Staff Costs	Depreciation	Other Costs	Total	Total
		2024	2024	2024	2024	2023
		£	£	£	£	£
Voluntary	Expenses
Support costs for grants and
activities				1,102	1,102	0
Resources	expended on managing
and administering the charity			240	1008	1248	0
Total Resources Expended		£0	240	2110	2350	0

6 NET INCOMING RESOURCES/(RESOURCES EXPENDED)

	Total	Total
	2024	2023
This is stated after charging	£	£
Depreciation of tangible fixed assets
owned by the charity	240	0
Audit & Accountancy fees	350	0
Professional fees	93	0

683

AFRICAN CHILDREN EMPOWERMENT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st January 2024.

During the year no Trustees received any remuneration (2024 - £NIL) During the year no Trustees received any benefit in kind (2024 - £NIL)

During the year no Trustees received any reimbursement of expenses (2023 - £NIL)

STAFF COSTS AND NUMBERS
Staff costs were as follows	2024	2023
	£	£
Voluntary Expenses	0	0
The average monthly number of employees during the year was as		follows
	2024	2023
Administrative	0	0

No employee received remuneration amounting to more than £50000 in either year

8 TANGIBLE FIXED ASSETS Cost At 1 October 2023 Church van written off Addition in year Depreciation At 1 October 2023 Charge for the year At 31st January 2024 Net book value At 31st January 2024 At 31st January 2023 9 DEBTORS Due within one year Debtors Cash in hand and at bank	Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ 0 500 460 0 0 0 0 0	Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ 0 500 460 0 0 0 0 0
	0 500 460 0

	0 125 115 240 0 0 0 0
	0 125 115 240
	0 375 345 720
	0 500 460 0
		2024 2023 £ £ 0 0
		0 0

AFRICAN CHILDREN EMPOWERMENT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st January 2024.

10 CREDITORS Amount falling due within one year Bank Loan and overdrafts Accruals Tax & National Insurance Contribution 11 STATEMENT OF FUNDS	2024 2023 £ £ 0 0 0 0
	£0 £0

Brought Incoming Resources Carried Forward ResourcesExpended Forward UNRESTRICTED FUNDS £ £ £ £ General Funds 0 2150 2110 40 General Fund 1 Subtotal 0 2150 2110 40 RESTRICTED FUNDS Restricted Funds 0 0 0 0 SUMMARY OF FUNDS £ £ £ £ General Funds 0 2150 2110 40 Restricted Funds Total of Funds 0 2150 2110 40 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS RestrictedUnrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ Tangible fixed assets 0 0 0 Debtors due after more than 1 year Current assets 112 112 0 Creditors due within one year Total 0 112 112 0	Brought Forward £	Incoming Resources Carried ResourcesExpended Forward £ £ £
	0	2150 2110 40

	0	2150 2110 40

	0	0 0 0
	£	£ £ £ 2150 2110 40
	0

	0	2150 2110 40
	0 112 112 0

AFRICAN CHILDREN EMPOWERMENT

DETAILED INCOME AND EXPENDITURE ACCOUNT

For the year ended 31st January 2024

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 2024 31st January 2023
£
£
0
` 0 2,150 592 2150 2150 592 592 300 0 0 - 0 725 433 295 93 350 30 77 0 0 - 125 - 115 - 2110
433
£
40
£
159