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|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|||||
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||||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|
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|||||||||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|
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|||||||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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|||||||||
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|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|