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← Universal Family Centre

2023-09-30-accounts

UNIVERSAL FAMILY CENTRE

Report and Financial Statements

For the Year ended 30 September 2023

UNIVERSAL FAMILY CENTRE

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 September 2023

Contents Page
Legal and Administrative Information 2
Report of the Trustees 3-7
Independent Examiner's report 8
Statement of Financial Activities 9
Balance sheet 10
Notes forming part of the Financial statements 11-15

1

UNIVERSAL FAMILY CENTRE REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 September 2023

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

JUDITH FUNNAYA TOMOMEWO (CHAIR) PASTOR JOSEPH OLUWATOSIN TOMOMEWO (TRUSTEE) JOAN MARGARET OSAFO (TRUSTEE)

REGISTERED OFFICE

8 Olive Yeates Way Crossgate Leeds LS15 8FG

BANKERS

METRO BANK PLC NATWEST BANK PLC

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER

1168549

2

UNIVERSAL FAMILY CENTRE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 September 2023

Governing Document

The charity is Constituted as a “Trust” and governed by ‘Trust Deed’ dated 26[th] September, 2015.

Trustee Appointments, Training of New and Old Trustees

Trustees are appointed and or co-opted under the terms of the trust deed. The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish Pastor on the powers and responsibilities of the Trustees and the requirements of the charity commission. There is no fixed term of service of the trustee on the board.

Public Benefit Statement

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for public benefit. Details of how the charity has achieved these are provided in this report.

Organisational Structure and Decision Making

The Charity is organised so that the trustees meet regularly to manage its administrative and day to day affairs. The spiritual aspect of the church is handled by the Parish Pastor and the day to day running of the charity is overseen by the Board of Trustees.

Risk Management

The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s structures, policies, procedures and practices.it recommends strategic and operational options and implements adequate prudent controls and preventive actions to safeguard the assets of the charity, as well as its operation.

Objectives and Global Outreach

Objectives and Activities

The principal object is the advancement of the Christian faith worldwide in accordance with Universal Family Centre doctrines, the relief of poverty and to promote any charitable activity for the benefit of the local people. To achieve its objectives, we adopted the following strategies:

3

UNIVERSAL FAMILY CENTRE

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 30 September 2023

ACHIEVEMENT AND PERFORMANCE

The Church has been engaged in various activities detailed below in pursuance of our charity and public benefit. The Church runs every day-Monday to Sunday.

Online daily, physical gathering on Sunday and on special meetings

Opened to the community to build their Christian Faith as well as share fellowship to meet spiritual and emotional needs. Apart from its Church activities we also engaged in meetings that helps to build families and keep people healthy.

Special Programmes Held Within the Year

SEPTEMBER – OCTOBER 2022

NOVEMBER 2022

DECEMBER 2022

4

FEBRUARY 2023

MARCH 2023

MAY 2023

5

JUNE 2023

JULY 2023

AUGUST 2023

SEPTEMBER 2023

6

UNIVERSAL FAMILY CENTRE

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 30 September 2023

CONTRIBUTIONS MADE BY VOLUNTEERS

The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the Church vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations. We are greatly indebted to these volunteers for their commitment and support.

ACCOUNTING POLICIES

Scope and Basis of the financial statements:

The Trustees have adopted the provision of the Statement of Recommended Practice (SORP) Accounting and Reporting by charities issued in March 2005

The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £124,576.00 (Compared to £93,479.00 in 2022) which indicates that there was a increase in the income generated during the year (compared to 2022 where there was a Deficit of £66,909.22 on expenditure over income).

FINANCIAL REVIEW AND RISK MANAGEMENT

The financial support (mainly from member donation) continues to enable the church to be self-sustaining in meeting its day-to-day operational needs and in fulfilling a myriad of public benefit and charitable services.

The charity also intends to help improve our members and volunteers by sending them on training that can add value to their life or help gain necessary skills to succeed in their chosen field and to intensify effort in searching for a permanent church venue to meet the need of the growing church and its local community.

The charity is looking out to partner with more organisations in our local community positively.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

7

UNIVERSAL FAMILY CENTRE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 30 September 2023

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 30 September 2023. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

JUDITH FUNNAYA TOMOMEWO on behalf of the trust. Trustee 07, March 2024.

8

Independent Examiner’s Report to the Trustees of UNIVERSAL FAMILY CENTRE

I report to the trustees on my examination of the accounts of the UNIVERSAL FAMILY CENTRE Trust for the year ended 30 September 2023, which are set out on pages 9 to 13.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. The accounts do not accord with those records.

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.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

07, March 2024.

9

UNIVERSAL FAMILY CENTRE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 SEPTEMBER 2023

Notes
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
General Donations
2
Other income
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Charitable activities
4
Governance
5
TOTAL RESOURCES EXPENDED
Net income/(outgoing) resources
Total funds brought forward
Total funds carried forward		 Un-restricted
funds
2023
£
102,291
22,285		 Restricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
-
102,291
77,741
-
22,285
15,738
-
124,576
93,479
-
11,780
7,012
-
99,367
152,403
-
720
973
-
111,867
160,388
-
12,709
(66,909)
318,707
385,617
-
331,417
318,707
124,576
11,780
99,367
720
111,867
12,709
318,707
331,417

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

10

UNIVERSAL FAMILY CENTRE BALANCE SHEET AS AT 30 SEPTEMBER 2023

2023 2022
Total Total
Notes £ £ £
FIXED ASSETS
Tangible Assets 6 - 4,030
CURRENT ASSETS
Debtors 7
Cash at bank and in hand 8 331,417 129,222
331,417 133,252
Current Liabilities
Creditors: amounts falling due within one year 9 0 -
Net Current assets/(Liabilities) 331,417 133,252
Current Liabilities
Creditors: amounts falling due more than one year 9 0 -
TOTAL ASSETS LESS CURRENT LIABILITIES 331,417 133,252
FINANCED BY:
Unrestricted funds 10 331,417 133,252
TOTAL FUNDS 11 331,417 133,252

For the year ending 30 September 2023, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

JUDITH FUNNAYA TOMOMEWO Trustee 07, March 2024.

11

UNIVERSAL FAMILY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

12

UNIVERSAL FAMILY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Note 2. Incoming Resources - General Donations

Note 2.
Incoming Resources - General Donations
General Donations
Note 3.
Incoming Resources - Other Income
HMRC- Gift Aid
Events income
Other income
Note 4.
Resources Expended - Activities
Bank charges
Honorarium
Depreciation
Advertisement
Equipment
Events & Other related costs
Insurance
Salary
Hotel & Accommodation
Other Tax
Printing & stationery
Head Office Remmitance
Rent & rates
Repairs and maintenance
Transportation
Software
Telephone, internet & postage
Cost of Fund generation
Note 5.
Resources Expended – Governance
Accountancy
Consultancy
Other professional fees		 Unrestricted
Funds
£
102,291
102,291
Unrestricted
Funds
£
22,285
-
-
22,285
Unrestricted
Funds
£
573
10,286
4,031
4,901
2,899
14,864
-
20,111
489
899
96
30,725
679
7,748
709
358
11,780
111,147
Unrestricted
Funds
£
720
-
-
720		 Restricted
Funds
£
-		 2023
Total
Funds
£
102,291		 2022
Total
Funds
£
77,741
- 102,291 77,741
Restricted
Funds
£
-
-
-		 2023
Total
Funds
£
22,285
-
-
22,285
2023
Total
Funds
£
573
10,286
4,031
4,901
2,899
14,864
-
20,111
489
899
96
-
30,725
679
7,748
709
358
11,780		 2022
Total
Funds
£
15,738
-
-
- 15,738
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2022
Total
Funds
£
1
9,750
4,031
1,534
586
106,212
151
20,747
49
-
501
-
7,050
256
788
84
663
7,012
- 111,147 159,415
Restricted
Funds
£
-
-
-		 2023
Total
Funds
£
720
-
-		 2022
Total
Funds
£
860
-
113
- 720 973

13

Note 6
TANGIBLE ASSETS
Office
Equipment
£
Cost
20,154
Additions
-
Revaluation
-
Disposal
-
Total Costs
20,154
Depreciation
Balance brought forward
16,124
Charge for the year
4,031
Disposal
-
Transfers
Balance carried forward
20,155
Net book value
At 30 September 2022
1
-
At 30 September 2021
-
Note 7.
Debtors
2023
This is made up as follows:
£
Member Loans
-
-
Note 8.
Cash at bank and in hand
2023
£
Cash at bank
331,417
Cash at hand
-
331,417
Note 9.
Creditors: amounts falling due within one year
2023
This is made up as follows:
£
Accountancy Fees
-
Other creditors (Loan)
-
Note 10.
Movement in funds
Opening
balance
£
Unrestricted funds
Charity's fund
318,707
318,707
Restricted funds
Grants
-
-		 Office
Equipment
£
20,154
-
-
-
20,154
16,124
4,031
-
20,155		 2023
Total
£
20,154
-
-
-		 2022
Total
£
20,154
-
-
-
20,154
12,093
4,031
-
-
16,124
4,030
-
Resources
expended
£
(111,867)
(111,867)
-
-
20,154
16,124
4,031
-
-
20,155
1
-		 1
-
-
2023
£
-
-
2023
£
331,417
-		 -
2022
£
-
-
2022
£
129,222
-
331,417 129,222
2022
£
-
-
- -
Opening
balance
£
318,707
318,707
-
-		 Incoming
resources
£
124,576
124,576
-
-

14

Note 10.1
Analysis of net assets by fund
Cash at bank and in hand
Other net assets (liabilities)		 Unrestricted
Funds
£
331,417
1
-
331,416		 Restricted
Funds
£
-
-		 2023
2022
Total
Total
Funds
Funds
£
£
331,417
129,222
1
-
4,030
331,416
133,252
-

Note 11. TRUSTEES REMUNERATION

The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2022-23: £nil)

Note 12. As a company, UNIVERSAL FAMILY CENTRE is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.

Note 13. Control

The ultimate controlling parties are the directors’ as stated on page 2.

15

UNIVERSAL FAMILY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2023

Note 14. TAXATION

UNIVERSAL FAMILY CENTRE is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.

16