2020-12-31-accounts

CONTENTS				PAGE
Reference and administrative			details
Trustees report				3-6
Independent Examiner's		report
Statement of financial	activities			8.
Balance sheet
Notes to the accounts				10 - 13

			WINNIES CASTLE	OF LOVE ORPHANAGE	HOME	HOME
REFERENCE			AND ADMINISTRATIVE	DETAILS OF THE CHARITY, ITS TRUSTEES AND
			ADVISERS FOR THE PERIOD ENDED 31 DECEMBER			2020
Trustees				Mr Yemi Aiyeola
				Mr Ayuba Aleshe
				Mr Dotun Makinde
				Mr Tumbi Idowu
				Mrs Osaro Aiyeola	(Operations		Manager)
Patrons/Matron				Otunba Kunle Kalejaiye		SAN
				Dr Adetunji Oredipe
				Mrs Bose Agbesanwa
Principal	Office			43 Millfield Avenue
				Walthamstow
				London
				E17 5HH
Operations		Office		Plot 60 Aking bola	Layout
				Felele
				Challenge Area
				Ibadan
				Oyo State
				Nigeria
Independent		Examiner		Akintayo Ojo FCCA
				Resource Management		Consultants		Ltd
				46 Hollywood Way
				Erith
				DA8 2QE
Bankers				Barclays Bank
				Chingford Branch
				London
				United Kingdom
				First bank PLC
				8 Itapeju Street
				Apapa
				Lagos
				Nigeria

			Unrestricted	Restricted	Total		Total
			Funds	Funds	Funds		Funds
		Notes	2020	2020	2020		2019
Incoming resources					E
Donations (Nigeria)			21,121		21,121		10,242
Donations (United Kingdom)			7,437		7,437		7,880
Total incoming resources			28,559		28r559		18/122
Resources expended
Grants payable - institutional
Cost of activities in furtherance	of charity's	objects	16,312		16,312		15,142
Management and governance	cost		5,622		5,622		3,314
Total resources expended			21,934		21I934		18/456
Net(outgoing)/incoming resources for the		year	6,624		6,624	—	334
Total funds at the start of the	period		2,765		2,765		3,098
Balance at the end of the year			9,389		9,389		2,765

								Unrestricted	Restricted	Tota	I	Total
								Funds	Funds	Funds		Funds
								2020	2020	2020		2019
2. DONATIONS,		LEGACIES			AND SIMILAR	INCOMING	RESOUR(			E
Donations		Received			in Nigeria
Goldspeed								2,837		2,837		3,235
Pacific	Holdings							10,000		10,000
Regular	Giving's							6,284		6,284		6,630
Other Income								2,000		2,000		377
Total								21,121		21,121		10,242
Donations		Received			in United	kingdom		E		E
Friends	of Winnie		UK					6,133		6,133		5,674
Gift Aid	for	previous		years				1,305		1,305		2,206
Total								7,437		7,437		7,880

						Unrestricted	Restricted	Total		Total
						Funds	Funds	Funds		Funds
						2020	2020	2020		2019
5. COST OF ACTIVITIES		IN FURTHERANCE			OF CHARITY'S OBjEC
Children' s' School	Fees					2,395		2,395		1,935
Home Maintenance		Expenses				2,088		2,088		2,660
Child Care Expenses						2,139		2,139		1,839
Home Utilities (Electricity			8t Gas)			473		473		153
Medical Expenses						582		582		368
Cleaning						65		65		77
Motor Running Expenses						954		954		1,719
Traveling 8t Subsistence						331		331		384
Direct Staff Cost						5,115		5,115		3,577
Welfare Support						220		220		429
Depreciation						1,806		1,806		1,066
Other running costs						144		144		935
						16,312		16,312		15,142
6. MANAGEMENT AND		GOVERNANCE			COSTS			Year ended		Year ended
						Unrestricted	Restricted	31-Dec		31-Dec
						Funds	Funds	2020		2019
Management staff	cost					5,372		5,372		3,064
Examiner's fees —accountancy						250		250		250
						5,622		5,622		3,314
7. STOCKS								Year ended	Vear ended
								31-Dec		31-Dec
								2020		2019
Stocks balance at period end								2,720
								2,720
8. CASH BALANCES								Year ended	Year ended
								31-Dec		31-Dec
								2020		2019
Total balances held	in	all current		accounts at period end				3,635		885
								3,635		885

9. CREDITORS							Year ended	Year ended
							31-Dec	31-Dec
							2020	2019
Accrued accountancy		fees-	current year				250	250
							250	250
10. TANGIBLE FIXED		ASSETS			Office	Bore Hole	Motor	Total
					equipment	System	Vehicle	31-Dec
								2020
Cost					E	E		E
At 1 january 2020					3,360	902		4,262
Additions							2,960	2,960
At 31 December 2020					3,360	902	2,960	7,222
Depreciation
At 1 january 2020					1,680	452		2,132
Charge for the year					840	226	740	1,806
At 31 December 2020					2,520	678	740	3,938
Net book value
At 31 December 2020					840	224	2,220	3,284
At 31 December 2019					1,680	451		2,131
11. STAFF COST AND		NUMBERS					Year ended	Year ended
Staff costs were as follows							31-Dec	31-Dec
							2020	2019
							E	E
Wages and salaries							10,487	6,641
							10,487	6,641
							Year ended	Year ended
The average number	of employee			during	the year was as follows		31-Dec	31-Dec
							2020	2019
							No.	No.
Operations Manager
Support Staffs
Total

12. TRUSTEES REN	UMERAT	ION			Year ended	Year ended
					31-Dec	31-Dec
					2020	2019
During the year, no	trustee	received	any remuneration
During the year, no	trustee	received	any benefits	in kind
13. NET INCOMING	RESOURCES/(RESOURCES			EXPENDED)	Year ended	Year ended
This is stated after charging					31-Dec	31-Dec
					2020	2019
					E'	E
Accountant's fees					250	250
Depreciation					1,806	1,066