2023-08-31-accounts

Excelling Community Excelling Community

Financial Statement Financial Statement For the year ended 31 For the year ended 31 August 2023 August 2023

Charity Number: 1168692

Table of Content

Charity Information

Report of the Board of Trustees

Statement of Financial Activities

Balance Sheet

Analysis of Income and Expenditure

Charity Information

Chairperson Mrs. Funmi Adeyi Secretary Charity Number 1168692 Registered Office 17 Springfield Road Welling Kent DA16 1QN Bankers Barclays Bank Plc 1 Churchill Place Canary Wharf London E14 5HP

ort of the Board of Trustees The board of trustees present their report and the financiaal statements for the year ended 31 August 2023. Prlnclpal Objectlve Excelling Community wa5 estsblished on 09 August 2016 with the following objectlves.. The prevention or relief of poverty by the provision of free training, mentorin& coaching and support in money and debt management to persons who, through lack on means, would otherwise be unableto obtain such advice. To advance the education of the public In the area of money and debt management by the provlslon of seminars and workshops to tontribute towards eradication the continuous increase in debt in our society. For the publlc benefit to promote the educatlon {Includlng s￿la1 and physical training) of people between the ages of 11 and 25 years In London Boroughs and 5urroundin8 areas in such ways as the Charity Trustees think fit. Actlvitles durlng the year were a$ follows: The charlty provlded training in acordance with the objectives stated above by utilising the resources as shown In the financial reports appended. Trustees Ms Funmi Adeyi Mrs Lara Davies-Ero Ms Virtoria Opaleke Volunteers Tlie vuluriteErs wliu served duFllIB ikiE YEar 4liE ilb btated below. Mrsyetunde Adeola Mrs Roberta Avwerosuo-Adoda This report 15 prepared In a¢¢ordance with the Charities Act 1993 relating to chgrities. This report was approved by the Board on 26 January 2023 and signed on its behalf by Funrni Chairpwson

Excelling Community Financial Statement For year ended 31 August 2023

Statement of Financial Activities

Restricted	Restricted	Unrestricted	Total Funds	Total Funds
Funds		Funds	2023	2022
Statement of Financial Activiti £		£	£	£
Income and endowments
Donations and legacies -		411	411	165
Income from charitable activities -		-	-	9,998
Other trading activities		-	-	2,500
Investments
Total income	-	411	411	12,663
Expenditure
Cost of raising funds		385	385	3,213
Expenditure on charitable activities		9,665	9,665	3,213
Other expenditure	-	-	-	-
Total expenditure	-	10,050	10,050	3,213
NetIncome /(expenditure) re	sources	9,639	9,639	9,450
before transfer
Transfers
Gross transfers between funds -	IN		-
Gross transfers between funds -	OUT
Other recognised gains/losses
Gains/losses on investment assets
Gains on revaluation, fixed assets,
charity's own use
Net movement in funds		9,639	9,639	9,450
Reconciliation of funds
Total funds brought forward		9,450	9,450	133
Total funds carried forward		19,089	189	9,317
Represented by:
Unrestricted
General fund	-	189	189	9,450

All of the above results are derived from continuing activities. All gains and losses are recognised in the year and are included above.

Excelling Community Financial Statement For year ended 31 August 2023

Balance Sheet as at 31 August 2023

	2023	2022
	£	£
Description
Current Assets
Bank current account	33	9,450
Cash in hand	156	-
Total Current Assets	189	9,450
Reserve
Excess/(deficit) to date	9,639	9,317
Starting balances	9,450	133
Total Reserve	189	9,450
Represented by Funds
Unrestricted	189	9,450
Designated
Restricted
Endowment
Total	189	9,450
Company number: 1168692

Excelling Community Financial Statement For year ended 31 August 2023

FUND MOVEMENT BY TYPE

2023	Opening Incoming Outgoing Transfers Gain/Loss Closing
General Fund	9671.75 410.69 10050 33
Unristricted
Sub total	9671.75 410.69 10050 0 0 33
General Total	9671.75 410.69 10050 0 0 33
2022	Opening Incoming Outgoing Transfers Gain/Loss Closing
General Fund	222 12663 3213 9672
Unristricted
Sub total	222 12663 3213 0 0 9672
General Total	222 12663 3213 0 0 9672

Excelling Community Financial Statement For year ended 31 August 2022

		Analysis of Income and Expenditure
Donations and legacies		Total Total
	Unrestricted Funds Designated Funds Restricted Funds Endowment Funds 2023 2022
	£ £ £ £ £ £
Event Brite	0
Income from Training	0 0 0
Income tax recovered	0 0 0
Grants received	0 0 9998
Donations	410.69 410.69 165
Total	410.69 0 0 0 410.69 10163
Other trading activities	0 0 2500
Total	0 0 0 0 0 2500
Investments
Interest received	0 0 0
Rent	0 0 0
Total	0 0 0 0 0 0
Income Total	410.69 0 0 0 410.69 12663

Excelling Community Financial Statement For year ended 31 August 2020

Analysis of Income and Expenditure

Raising Funds

Raising Funds
	Unrestricted	Designated	Restricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds	2023	2022
	£	£	£	£	£	£
Donations					0		0
Telephone costs	285				285		0
Cleaning					0		0
Other working expenses					0		0
Service books					0		0
Depreciation of Office equipment					0		0
Heating, light and water					0		0
Newsletter printing	100				100		0
Newsletter distribution					0		0
Total	385	0	0	0	385		0
Expenditure on charitable activities

Expenditure on charitable activities
	Unrestricted	Designated	Restricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds	2023	2022
Training and welfare	1455				1455	120
Travel and subsistence	340				340	34
Rent	1550				1550	1500
Postage and stationery	100				100	17
Equipment expenses	88				88	42
Project evaluation cost	1680				1680	500
Software and website cost	101				101	300
Accountancy fees	300				300	300
Consultancy fees	3600				3600	0
Financial seminar					0	0
Adverts and public relations	450				450	400
					0	0
Total	9665	0	0	0	9665	3213
	Unrestricted	Designated	Restricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds	2023	2022
Other expenditure
Bank Charges	0				0	0
	0				0	0
Total	0	0	0	0	0	0
Grand Total	10050	0	0	0	10050	3213