## 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|