GREAT ANGELS FOUNDATION
ANNUAL REPORT AND ACCOUNTS
31st January 2021
Charity Number 1172389
GREAT ANGELS FOUNDATION
Financial statement Year ended 31st January 2021
| Contents | Page |
|---|---|
| Charity information | 3 |
| Trustees’ report | 4 |
| Accountants’ report | 5 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
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GREAT ANGELS FOUNDATION Charity information
| Registered charity name | Great Angels Foundation |
|---|---|
| Charity number | 1172389 |
| Registered office | 223 Maine Road |
| Manchester | |
| M14 7WG | |
| Trustees | IJEOZOR, Ada Lynda |
| KAMARA, Hawa | |
| EMEKA, Phillip | |
| Accountants | BC NWAIWU & CO LTD |
| Building 1 Suit 4A Office 6 | |
| Wilsons Park Business Centre | |
| Manchester | |
| M40 8WN | |
| Bankers | Barclays Bank PLC |
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GREAT ANGELS FOUNDATION Trustees' Report Year ended 31st January 2021
The trustees present their report and accounts for the period ended 31 January 2021.
Principal activities
The charity's principal activity during the year continued to be the relief of children and young people with sickle cell disease and their families and carers through the provision of support, education and practical advice, as well as through the advancement of the education of the general public in all areas relating to sickle cell disease.
Trustees
The following person served as director during the period:
IJEOZOR, Ada Lynda
KAMARA, Hawa EMEKA, Phillip
Public Benefit
The trustees annually review the membership of the organisation and the objectives within the constitution. This review also looks at the services offered by the charity and the benefits to the public. The trustees have referred to the guidance of the charity commission and in the context of planning future activities to ensure they contribute to the aims and objectives of the organisation. The trustees will refer to the public benefit test against the aims and objectives of the charity and about the specific services the charity offers to the public.
Going concern
The trustees expect the charity to continue operating and discharging its role for the foreseeable future, and believe the organisation to be a going concern. We have set out above a review of financial performance of the charity. We have also made financial projections, which has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. We have adequate financial resources and are able to manage our business risks.
Trustees’ responsibility statement
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees 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 incoming resources and application of resources, including the income and expenditure, of the charity for that period.
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GREAT ANGELS FOUNDATION
Trustees' Report Year ended 31st January 2021
In preparing these financial statements, the trustees are required to:-
-
a. select suitable accounting policies and then apply them consistently;
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b. observe the methods and principles in the Charities SORP;
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c. make judgements and estimates that are reasonable and prudent;
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d. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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e. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by order of the trustees:
………………………………………………… Ijeozor Ada Lynda Chair of Trustees
Date: 29 October 2021
GREAT ANGELS FOUNDATION
Accountants' Report
Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Great Angels Foundation for the period ended 31 January 2021.
In order to assist you to fulfil your duties under the Charity Act 2011, we have prepared for your approval the accounts of Great Angels Foundation for the period ended 31 January 2021 which comprise of the Statement of financial activities (incorporating income & expenditure account), the Balance Sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of Great Angels Foundation, as a body, in accordance with the terms of our engagement dated 27[th] October 2021. Our work has been undertaken solely to prepare for your approval the accounts of Great Angels Foundation and state those matters that we have agreed to state to the Trustees of Great Angels Foundation, as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great Angels Foundation and its Trustees as a body for our work or for this report.
It is your duty to ensure that Great Angels Foundation has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Great Angels Foundation. You consider that Great Angels Foundation is exempt from the statutory audit/independent examination requirement for the period.
We have not been instructed to carry out an audit/independent examination or a review of the accounts of Great Angels Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BC NWAIWU & CO LTD
BC NWAIWU & CO LTD
Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN
Date: October 29, 2021
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GREAT ANGELS FOUNDATION
Income Statement Year ended 31st January 2021
| Income: Note Income from charitable activities: Operation of the charity 2 Income from other trading activities: Other charity activities 3 Total income Expenditure: Expenditure on charitable activities: Operation of the charity 4 Costs of raising funds: Other charitable activities 5 Total expenditure Net income/(expenditure) and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward |
31 January 2021 16,598 304 16,902 (16,368) (512) (16,881) 21 123 144 |
31 January 2020 226 732 |
|---|---|---|
| 958 | ||
| (8,456) (1,039) |
||
| (9,495) | ||
| (8,537) 8,659 |
||
| 123 |
The notes on pages 9 to 11 form part of these financial statements
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GREAT ANGELS FOUNDATION
Balance sheet Year ended 31st January 2021
| Note Fixed assets Tangible assets Current assets Cash at bank and in hand 6 Debtors 7 Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Total assets Funds Net income/(expenditure) Total funds brought forward Total funds carried forward |
31 January 2021 - 394 - 394 (250) - 144 - 144 21 123 144 |
31 January 2020 - 373 - |
|---|---|---|
| 373 (250) |
||
| 123 | ||
| 123 - |
||
| 123 | ||
| (8,537) 8,659 |
||
| 123 |
The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit/independent examination under section 144(2) of the Charities Act 2011 (the 2011 Act).
The trustees of the charity have not required the charity to obtain an independent examination in accordance with section 144(2) of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Charity Act 2011 with respect to accounting records and the preparation of accounts.
Ijeozor Ada Lynda Chair of Trustees Approved by the board on 29 October 2021
The notes on pages 9 to 11 form part of these financial statements
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GREAT ANGELS FOUNDATION
Notes to the financial statements Year ended 31st January 2021
1. Accounting Policies
Accounting conventions
The financial statements have been prepared under the historical cost convention and on an accruals basis. The Financial Statements have been prepared in compliance with Accounting and Reporting by Charities: Statement of Recommended Practice 2005 (Revised 2008) (‘the SORP’), and applicable accounting standards in the United Kingdom. The financial statements have been prepared on a going concern basis as stated on page 8.
The charity has adjusted the formats from those prescribed by the Companies Act 2006 to include headings that are relevant to its activities, to enable it to show a true and fair view. No separate Statement of Financial Activities (SOFA) is presented for the charity itself as permitted by section 408 of the Companies Act 2006 and paragraph 397 of the SORP. The principal accounting policies, which have been applied consistently in the year, are set out below.
Charity status
The charity is a charity limited by guarantee. The members of the charity are the trustees named on page 3. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
Fund accounting
General reserves are unrestricted funds that are available for use at the Trustees’ discretion in furtherance of the objects of the charity.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income, is reasonably certain of receipt and the amount can be measured with sufficient reliability. In accordance with the SORP, no value has been attributed to the work performed by volunteers, although their work is considered vital to the activities of the charity.
Donations and gifts
Donations and gifts consist of the total donations from individuals, trusts and corporates, along with income from fundraising events.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are those incurred in seeking voluntary income and do not include the costs of disseminating information in support of the charitable activities.
Charitable expenditure include costs incurred directly by Great Angels Foundation in the furtherance of its charitable objectives, along with associated support costs. Governance costs relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Included within this category are costs associated
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GREAT ANGELS FOUNDATION
Notes to the financial statements
Year ended 31st January 2021
with internal audit and risk, as well as external audit costs, as opposed to day-to-day management of the charity’s activities.
| 2. Operation of the charity Donation Grants 3. Other charity activities Other income 4. Operating expenses of the charity Rent General expenses Professional fees Project expenses Printing and stationery Postage and Stamp Telephone and broadband Staff cost Local Travel Governance 5. Other charitable expenses Advert and promotion Other trading costs |
31 January 2021 £ 598 16,000 16,598 31 January 2021 £ 304 304 31 January 2021 £ - 2,760 1,170 4,936 29 72 35 6,133 293 940 16,368 31 January 2021 £ 195 317 512 |
31 January 2020 £ 226 - |
|---|---|---|
| 226 | ||
| 31 January 2020 £ 732 |
||
| 732 | ||
| 31 January 2020 £ 535 1,707 1,640 146 707 332 250 - - - |
||
| 5,317 | ||
| 31 January 2020 £ 540 499 |
||
| 1,039 |
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GREAT ANGELS FOUNDATION
Notes to the financial statements Year ended 31st January 2021
| 6. Cash at bank and in hand Cash in Bank - Current A/C Cash at hand 7. Debtors Debtors - Trade Debtors - Others Debtors - Grant 8. Creditors: amounts falling due within one year Trade Creditors Other Creditors |
31 January 2021 £ 394 - 394 31 January 2021 £ - - - - 31 January 2021 £ 250 - 250 |
31 January 2020 £ 323 - |
|---|---|---|
| 323 | ||
| 31 January 2020 £ - - - |
||
| - | ||
| 31 January 2020 £ 250 - |
||
| 250 |
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