2024-12-31-accounts - Winnies Castle Of Love Orphanage Home

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WINNIES CASTLE OF LOVE ORPHANAGE HOME

Charity Number 1172670

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31 DECEMBER 2024

WINNIES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE
Reference and administrative details	2.
Trustees report	3 - 6
Independent Examiner's report	7.
Statement of financial activities	8.
Balance sheet	9.
Notes to the accounts	10 - 13

Page 1

WINNIES CASTLE OF LOVE ORPHANAGE HOME

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

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 46 Millfield Avenue Walthamstow London E17 5HH Operations Office Plot 60 Akingbola Layout Felele Challenge Area Ibadan Oyo State Nigeria Independent Examiner Akintayo Ojo FCCA Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers First bank PLC 8 Itapeju Street Apapa Lagos Nigeria

Page 2

WINNES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

The trustees submit their report and financial statement for Winnies Castle of Love Orphanage Home (The Charity) for the period ended 31 December 2024. The trustees confirm that the trustees' report and financial statements of the charity comply with current statutory requirements of the charity's governing document and the provisions of Charities Act 2011.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Winnies Castle of Love Orphanage Home was constituted as a Charitable Incorporated Organisation ("the CIO") with a constitution dated 25th January 2017. The trustees has filed an application to register the organisation with the Charity Commission as a charity in England and Wales.

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed and or co-opted under the terms of the governing document and also with consideration to the experience they bring to the board and the affairs of the charity.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES

The induction process for a newly appointed trustees comprises of an initial meeting with the chair and other trustees, followed by short meetings with the Operations Manager on the powers and responsibilities of the trustees.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised so that the trustees meet regularly to mange its affairs. The Operations Manager manages the day to day administration of the orphanage.

OBJECTIVES AND ACTIVITIES

The principal object is the advancement of education, and the relief of poverty. To achieve its objectives, the charity adopted the following strategies:

Running an orphanage where distressed and abandoned orphans and vulnerable children are cared. We provide basic needs like food, shelter and other welfare necessities for the children ages 0 -16. We provide good and wholesome education and life skills in a caring environment for abandoned and orphaned children between ages 0-16 and also provide vocational skills for self sufficiency in adulthood.

PUBLIC BENEFITS

Apart from providing home, education and life skills for abandoned, orphaned ad distressed children, Winnies Castles of Love Orphanage Home was engaged in some other charitable activities for public benefits. These include the following:

Further advisory support for the Association of Orphans and Vulnerable Children in Nigeria in Oyo State. We also support the Child Protection Network in Nigeria and other similar organisations.
We conducted Children's day Charity Walk to create awareness and sensitise the public on HIV/AID, and Child abuse etc, We also held an annual Children's Christmas party.

Page 3

WINNIES CASTLE OF LOVE ORPHANAGE HOME

TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2024

Our efforts are geared towards promoting healthy life for distressed, abandoned and orphaned children in Nigeria. We also endeavour to build cohesion and good practice amongst practitioners and organisations impacting the lives of these young vulnerable people.

REVIEW OF ACTIVITIES

Winnies Castle of Love orphanage Home continues to enjoy tremendous growth in its activities in the year, and in the advancement of education and relief of poverty among the young vulnerable people, in accordance with the doctrines set out in our constitution.

During 2024, the average number of children catered for is 32. The break down is as follows: 11 in University, 10 in Secondary education, 7 in Primary education, and 4 in Nursery education. We continue to place our children in full time education with reputable private nursery schools, primary schools, secondary schools and universities in Nigeria.

As usual we held our project tagged "Some Mothers Do Have Them" (SMDHT). SMDHT is an initiative that seeks to identify orphans and vulnerable children, and children with special need that have unique talents in arts, singing, dancing and spoken word poetry, and provide them with a platform to express and showcase their talent to the world.

Auditions to screen and select participants of the inaugural edition held in August 2024, while the grand finale held on the October 2024. The event was opened to vulnerable children across the Southwest region of the country.

The charity also held Easter event and Christmas party for the benefit of the children in the centre.

To achieve our goals, we depended mostly on the generosity of well-meaning organisations and individuals, who have compassion and empathy for the plight of the plight of the less privileged and will not turn a blind eye when approached for assistance.

FUTURE DEVELOPMENTS

The charity continues to explore various ways of providing suitable homes and better life for vulnerable children in Ibadan Nigeria. The charity is also planning to embark on fund raising to build her own school to enable her make more life-changing impact at a reduced cost.

VOLUNTEERS

The charity is grateful for the unstinting efforts of its volunteers who are involved in providing services at the orphanage. It is estimated that over 7,000 hours were provided by volunteers in the year. If this is conservatively valued at 350 Naira per hour, the volunteers effort will amount to over 2,450,000 Naira (£4,900) per year.

Page 4

WINNIES CASTLE OF LOVE ORPHANAGE HOME

TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

RESERVES POLICY

The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is any significant drop in funding. It would obviously be necessary then to consider how the funding would be replaced or activities changed. The present free reserve is within the policy range but the trustees are continuing to seek additional funds for the reserves.

RISK MANAGEMENT

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to major risks.

PRINCIPAL FUNDING

Funding has been provided mainly through donations from friends, and organisations. We also receive pledges from donors for specific projects. The Charity received grant from Davido for the day to day running of the Charity.

List of major donor organisations Goldspeed Davido Foundation Pacific Holdings

CURRENCY TRANSLATION FOR FINANCIAL REPORTING

The charity operates her orphanage in Nigeria and as such part of its income was received in Nigeria. The charity also incurred expenses in Nigeria. For the purpose of this report, receipts and payments had been translated to Great Britain Pound Sterling at the rate of 1000 Nigerian Naira to 1 British Pound.

Page 5

WINNIES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards

and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements, the trustees are required to:

Select suitable accounting policies and the apply them consistently;
Make judgement and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.

The trustees recognise their responsibilities to keep 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 the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

Approved by the trustees on October 2025 and signed on their behalf by:

Mr Yemi Aiyeola Trustee

Mr Ayuba Aleshe Trustee

Page 6

WINNIES CASTLE OF LOVE ORPHANAGE HOME INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 DECEMBER 2024

TO THE TRUSTEES OF WINNIES CASTLE OF LOVE ORPHANAGE HOME

I report on the accounts of the charity for the period ended 31 December 2024 which is set on pages 8 - 12

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity trustees are responsible for the preparation of the accounts. The Charity's trustees

consider than an audit is not required for the period under section 142(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section145 of Charities Act 2011;
follow the procedures laid down in the general Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

BASIS OF MY EXAMINATION

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statements below.

EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

proper accounting records are not kept in accordance with the Charities Act; and
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akintayo Ojo FCCA October 2025

Association of Chartered Certified Accountant

46 Hollywood Way, Erith. DA8 2QE

Page 7

WINNIES CASTLE OF LOVE ORPHANAGE HOME

STATEMENT OF FINANCIAL ACTIVITIES

FOR YEAR ENDED 31 DECEMBER 2024

Unrestricted
Funds
Notes
2024
Incoming resources
£
Donations (Nigeria)
4,082
Donations (United Kingdom)
5,447
Grants Received
651
Total incoming resources
10,179
Resources expended
Cost of activities in furtherance of charity's objects
14,090
Cost of activities in furtherance of charity's objects
-
Management and governance cost
200
Total resources expended
14,290
Net(outgoing)/incoming resources for the year
4,111
-
Total funds at the start of the period
4,194
Balance at the end of the year
83

Restricted
Total
Total
Funds
Funds
Funds
2024
2024
2023
£
£
£
-
4,082
6,486
-
5,447
6,954
10,762
11,413
3,497
10,762
20,941
16,937
-
14,090
12,691
6,466
6,466
2,802
-
200
200
6,466
20,756
15,693
4,296
186
1,244
-
4,194
2,950
4,296
4,380
4,194

Page 8

WINNIES CASTLE OF LOVE ORPHANAGE HOME

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes Fixed Assets Tangible fixed assets 10 Current assets Cash at bank and in hand 7 Debtors 8 Less: Current Liabilities: Creditors: Amount falling due within 9 One year Net assets Financed BY: Charity funds General - unrestricted	Total Total Funds Funds 2024 2023 £ £ - - 3,090 4,394 1,490 - 4,580 4,394 200 200 4,380 4,194 4,380 4,194 4,380 4,194

The accounts have been prepared in accordance with the special provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities

Approved by the Trustees on October 2025 and signed on their behalf by:

Mr Yemi Aiyeola

Page 9

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

(1.1) Basis of preparation of financial statements

These accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) .The financial statements have been prepared with Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities published in March 2005 and applicable accounting standards. (1.2) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be reasonably quantified with reasonable accuracy.

(1.3) Resources expended

All expenditures are accounted for on an accrual basis. Management and governance costs are cost incurred in connection with administration and compliance with statutory requirement

Unrestricted Funds 2024 2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOUR £ Donations Received in Nigeria Goldspeed 1,519 Regular Giving's 2,380 Pacific Holdings - Other Income 183 Total 4,082 Donations Received in United kingdom £ Friends of Winnie UK 5,447 Gift Aid for previous years - Total 5,447 Grants Received £ Davido Fund 651 SMDHT Project Fund - Total 651	Restricted Funds 2024 £ - - - - - £ - - - £ - 10,762 10,762	Total Funds 2024 £ 1,519 2,380 - 183 4,082 £ 5,447 - 5,447 £ 651 10,762 11,413	Total Funds 2023 £ 1,434 2,205 2,353 494
			6,486
			£ 6,954 -
			6,954
			£ 624 2,873
			3,497

Page 10

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

Unrestricted Funds 2024 5. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJEC £ Children's' School Fees 3,532 Home Maintenance Expenses 1,946 Child Care Expenses 1,736 Home Utilities (Electricity & Gas) 10 Medical Expenses 256 Cleaning 45 Motor Running Expenses 720 Traveling & Subsistence 460 Direct Staff Cost 4,885 Welfare Support, staff incentive & palliatives 350 Depreciation - Stationery, telephone & stocks 150 14,090 6. SMDHT Project Cost Unrestricted Funds £ Project cost - - - 7. MANAGEMENT AND GOVERNANCE COSTS Unrestricted Funds £ Management staff cost - Examiner's fees - accountancy 200 200 8. CASH BALANCES Total balances held in all current accounts at period end 9. DEBTORS Amount due from staff - Staff loan	Total Total Funds Funds 2024 2023 £ £ 3,532 2,646 1,946 1,616 1,736 1,234 10 400 256 244 45 55 720 688 460 450 4,885 4,912 350 326 - - 150 120	Total Total Funds Funds 2024 2023 £ £ 3,532 2,646 1,946 1,616 1,736 1,234 10 400 256 244 45 55 720 688 460 450 4,885 4,912 350 326 - - 150 120
45 720 460
4,885
350
-
150
14,090	14,090 12,691
Unrestricted Funds £ - -	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ 6,466 2,802 - -
-	6,466 2,802
Unrestricted Funds £ - 200	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ - - 200 200
200	200 200
	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ 3,090 4,394
	3,090	4,394

	1,490	-

Page 11

WINNIES CASTLE OF LOVE ORPHANAGE HOME NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024

Year ended 31-Dec 2024 £ 200 200 Bore Hole Motor System Vehicle £ £ 902 2,960 - 902 2,960 902 2,960 - - 902 2,960 - - - - Year ended 31-Dec 2024 £ 4,885 4,885 Year ended as follows 31-Dec 2024 No. 3 5 8	Year ended 31-Dec 2023 £ 200 200 Total 31-Dec 2024 £ 7,222 - 7,222 7,222 - 7,222 -	Year ended 31-Dec 2023 £ 200 200 Total 31-Dec 2024 £ 7,222 - 7,222 7,222 - 7,222 -
200		200
Motor Vehicle £ 2,960 -		Total 31-Dec 2024 £ 7,222 -
2,960		7,222
2,960 -		7,222 -
2,960		7,222

-		-
	- Year ended 31-Dec 2023 £ 4,912
-		-
4,885	4,912
	Year ended 31-Dec 2023 No. 3 5
8	8

Page 12

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

12. TRUSTEES RENUMERATION


12. TRUSTEES RENUMERATION	Year ended	Year ended
	31-Dec	31-Dec
	2024	2023
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
	2024	2023
	£	£
Accountant's fees	200	200
Depreciation	-	-

Page 13

WINNIES CASTLE OF LOVE ORPHANAGE HOME

Charity Number 1172670

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31 DECEMBER 2024

WINNIES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE
Reference and administrative details	2.
Trustees report	3 - 6
Independent Examiner's report	7.
Statement of financial activities	8.
Balance sheet	9.
Notes to the accounts	10 - 13

Page 1

WINNIES CASTLE OF LOVE ORPHANAGE HOME

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Page 2

WINNES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed and or co-opted under the terms of the governing document and also with consideration to the experience they bring to the board and the affairs of the charity.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised so that the trustees meet regularly to mange its affairs. The Operations Manager manages the day to day administration of the orphanage.

OBJECTIVES AND ACTIVITIES

The principal object is the advancement of education, and the relief of poverty. To achieve its objectives, the charity adopted the following strategies:

PUBLIC BENEFITS

Further advisory support for the Association of Orphans and Vulnerable Children in Nigeria in Oyo State. We also support the Child Protection Network in Nigeria and other similar organisations.
We conducted Children's day Charity Walk to create awareness and sensitise the public on HIV/AID, and Child abuse etc, We also held an annual Children's Christmas party.

Page 3

WINNIES CASTLE OF LOVE ORPHANAGE HOME

TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2024

REVIEW OF ACTIVITIES

The charity also held Easter event and Christmas party for the benefit of the children in the centre.

FUTURE DEVELOPMENTS

VOLUNTEERS

Page 4

WINNIES CASTLE OF LOVE ORPHANAGE HOME

TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

RESERVES POLICY

RISK MANAGEMENT

PRINCIPAL FUNDING

List of major donor organisations Goldspeed Davido Foundation Pacific Holdings

CURRENCY TRANSLATION FOR FINANCIAL REPORTING

Page 5

WINNIES CASTLE OF LOVE ORPHANAGE HOME TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.

Select suitable accounting policies and the apply them consistently;
Make judgement and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

Approved by the trustees on October 2025 and signed on their behalf by:

Mr Yemi Aiyeola Trustee

Mr Ayuba Aleshe Trustee

Page 6

WINNIES CASTLE OF LOVE ORPHANAGE HOME INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 DECEMBER 2024

TO THE TRUSTEES OF WINNIES CASTLE OF LOVE ORPHANAGE HOME

I report on the accounts of the charity for the period ended 31 December 2024 which is set on pages 8 - 12

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity trustees are responsible for the preparation of the accounts. The Charity's trustees

consider than an audit is not required for the period under section 142(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section145 of Charities Act 2011;
follow the procedures laid down in the general Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

BASIS OF MY EXAMINATION

EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

proper accounting records are not kept in accordance with the Charities Act; and
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akintayo Ojo FCCA October 2025

Association of Chartered Certified Accountant

46 Hollywood Way, Erith. DA8 2QE

Page 7

WINNIES CASTLE OF LOVE ORPHANAGE HOME

STATEMENT OF FINANCIAL ACTIVITIES

FOR YEAR ENDED 31 DECEMBER 2024

Page 8

WINNIES CASTLE OF LOVE ORPHANAGE HOME

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes Fixed Assets Tangible fixed assets 10 Current assets Cash at bank and in hand 7 Debtors 8 Less: Current Liabilities: Creditors: Amount falling due within 9 One year Net assets Financed BY: Charity funds General - unrestricted	Total Total Funds Funds 2024 2023 £ £ - - 3,090 4,394 1,490 - 4,580 4,394 200 200 4,380 4,194 4,380 4,194 4,380 4,194

Approved by the Trustees on October 2025 and signed on their behalf by:

Mr Yemi Aiyeola

Page 9

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

(1.1) Basis of preparation of financial statements

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be reasonably quantified with reasonable accuracy.

(1.3) Resources expended

All expenditures are accounted for on an accrual basis. Management and governance costs are cost incurred in connection with administration and compliance with statutory requirement

Unrestricted Funds 2024 2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOUR £ Donations Received in Nigeria Goldspeed 1,519 Regular Giving's 2,380 Pacific Holdings - Other Income 183 Total 4,082 Donations Received in United kingdom £ Friends of Winnie UK 5,447 Gift Aid for previous years - Total 5,447 Grants Received £ Davido Fund 651 SMDHT Project Fund - Total 651	Restricted Funds 2024 £ - - - - - £ - - - £ - 10,762 10,762	Total Funds 2024 £ 1,519 2,380 - 183 4,082 £ 5,447 - 5,447 £ 651 10,762 11,413	Total Funds 2023 £ 1,434 2,205 2,353 494
			6,486
			£ 6,954 -
			6,954
			£ 624 2,873
			3,497

Page 10

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

Unrestricted Funds 2024 5. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJEC £ Children's' School Fees 3,532 Home Maintenance Expenses 1,946 Child Care Expenses 1,736 Home Utilities (Electricity & Gas) 10 Medical Expenses 256 Cleaning 45 Motor Running Expenses 720 Traveling & Subsistence 460 Direct Staff Cost 4,885 Welfare Support, staff incentive & palliatives 350 Depreciation - Stationery, telephone & stocks 150 14,090 6. SMDHT Project Cost Unrestricted Funds £ Project cost - - - 7. MANAGEMENT AND GOVERNANCE COSTS Unrestricted Funds £ Management staff cost - Examiner's fees - accountancy 200 200 8. CASH BALANCES Total balances held in all current accounts at period end 9. DEBTORS Amount due from staff - Staff loan	Total Total Funds Funds 2024 2023 £ £ 3,532 2,646 1,946 1,616 1,736 1,234 10 400 256 244 45 55 720 688 460 450 4,885 4,912 350 326 - - 150 120	Total Total Funds Funds 2024 2023 £ £ 3,532 2,646 1,946 1,616 1,736 1,234 10 400 256 244 45 55 720 688 460 450 4,885 4,912 350 326 - - 150 120
45 720 460
4,885
350
-
150
14,090	14,090 12,691
Unrestricted Funds £ - -	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ 6,466 2,802 - -
-	6,466 2,802
Unrestricted Funds £ - 200	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ - - 200 200
200	200 200
	Year ended Year ended 31-Dec 31-Dec 2024 2023 £ £ 3,090 4,394
	3,090	4,394

	1,490	-

Page 11

WINNIES CASTLE OF LOVE ORPHANAGE HOME NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024

Year ended 31-Dec 2024 £ 200 200 Bore Hole Motor System Vehicle £ £ 902 2,960 - 902 2,960 902 2,960 - - 902 2,960 - - - - Year ended 31-Dec 2024 £ 4,885 4,885 Year ended as follows 31-Dec 2024 No. 3 5 8	Year ended 31-Dec 2023 £ 200 200 Total 31-Dec 2024 £ 7,222 - 7,222 7,222 - 7,222 -	Year ended 31-Dec 2023 £ 200 200 Total 31-Dec 2024 £ 7,222 - 7,222 7,222 - 7,222 -
200		200
Motor Vehicle £ 2,960 -		Total 31-Dec 2024 £ 7,222 -
2,960		7,222
2,960 -		7,222 -
2,960		7,222

-		-
	- Year ended 31-Dec 2023 £ 4,912
-		-
4,885	4,912
	Year ended 31-Dec 2023 No. 3 5
8	8

Page 12

WINNIES CASTLE OF LOVE ORPHANAGE HOME

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2024

12. TRUSTEES RENUMERATION


12. TRUSTEES RENUMERATION	Year ended	Year ended
	31-Dec	31-Dec
	2024	2023
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
	2024	2023
	£	£
Accountant's fees	200	200
Depreciation	-	-

Page 13