Registered Charity Number: 1173529
CEEBEE GOLD FOUNDATION INTERNATIONAL
TRUSTEES REPORT
&
ACCOUNTS
31[st] March 2021
CEEBEE GOLD FOUNDATION INTERNATIONAL
Financial statement Year ended 31[st] March 2021
| Contents | Page |
|---|---|
| Reference and administrative details | 3 |
| Report of the trustees | 4 |
| Independent examiners report | 5 |
| Statement of financial activities (incorporating the income and expenditure | 6 |
| account) | |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
2
CEEBEE GOLD FOUNDATION INTERNATIONAL
Charity information
Registered charity name CEEBEE Gold Foundation International Charity number 1173529 Registered office 59 Old Lane Manchester Lancashire M11 1DE Luke Olojede (Chair of trustees) Trustees Muyinbatu Ademefun Ifeoluwa Florence Olaiya Independent examiners BC NWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN Bankers Lloyds Bank Plc
3
CEEBEE GOLD FOUNDATION INTERNATIONAL
Registered number: 1173529 Trustees’ Report
About Us
Ceebee Gold Foundation International provides a range of early intervention supports to prevent the escalation of disadvantage for people at the margins of society.
Trustees
The following person served as trustees during the period:
-
Luke Olojede (Chair of trustees)
-
Muyinbatu Ademefun
-
Ifeoluwa Florence Olaiya
Our Objects
The objects of the charity for the public benefit include;
-
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
-
To advance in life and help young people through:
-
a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
-
b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
-
The prevention or relief of poverty in such parts of the world as the trustees shall decide through the provision of grants, items and services to individuals in need and/or other organisations working to prevent or relieve poverty.
Our Mission
Ceebee Gold Foundation is created to promote the public good and also serve the best interest of those who need love and care. We develop the capacity and skills of the members of socially and economically disadvantaged communities, in particular but not exclusively to migrants, BME and deprived communities, in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society
Luke Olojede Chair of trustees
4
Independent Examiner’s Report
To the members of
CEEBEE GOLD FOUNDATION INTERNATIONAL
I report on the accounts of Ceebee Gold Foundation International, for the year ended 31 March 2021, which are set out on pages 7 to 12.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 accounts and seeking such explanations from you as trustees concerning any 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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Charities Act or
-
the accounts do not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: July 5, 2021
Bernard Nwaiwu, FCA (ICAN)
BC NNWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester, M40 8WN
5
CEEBEE GOLD FOUNDATION INTERNATIONAL
Statement of financial activities (incorporating income & expenditure account) Year ended 31[st] March 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 |
31st March 2021 50,913 1,415 52,328 (38,817) (11,540) (50,357) 1,971 761 2,732 |
31st March 2020 2,775 5,092 |
|---|---|---|
| 7,867 | ||
| (6,346) (1,574) |
||
| (7,920) | ||
| (52) 813 |
||
| 761 |
The notes on pages 8 to 10 form part of these financial statements
6
CEEBEE GOLD FOUNDATION INTERNATIONAL
Balance Sheet As at 31[st] March 2021
| Note Fixed assets Tangible assets Current assets Cash at bank and in hand 6 Short-term investments Accounts receivable Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year 8 Total assets Income funds Restricted funds Unrestricted funds Total funds carried forward 9 |
3,132 10,000 - |
31st March 2021 - 11,425 11,425 (8,694) 2,732 2,673 59 2,732 |
761 - |
31st March 2020 - 761 |
|---|---|---|---|---|
| 13,132 (1,706) |
761 - |
|||
| 761 - |
||||
| 761 | ||||
| 761 - |
||||
| 761 |
Luke Olojede Chair of trustees
Approved by the board on July 5, 2021
The notes on pages 8 to 10 form part of these financial statements
7
CEEBEE GOLD FOUNDATION INTERNATIONAL
Notes to the financial statements Year ended 31[st] March 2021
1. Accounting Policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
CeeBee Gold Foundation International meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
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 CeeBee Gold Foundation International 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 with internal audit and risk, as well as external audit costs, as opposed to day-to-day management of the charity’s activities.
8
CEEBEE GOLD FOUNDATION INTERNATIONAL
Notes to the financial statements
Year ended 31[st] March 2021
| 2 Income - Operation of the charity Donations receivable Grants receivable 3 Income - Other charity activities Charity sales Other income 4 Expenditure - Operation of the charity Rent and accommodation Project expenses Training and development General expenses Printing and stationery Telephone and broadband Computer and internet Local travel 5 Expenditure - Other charity activities Advert and promotion Other trading costs Staff expenses Governance Professional fees Bank charges |
31 March 2021 £ 200 50,713 50,913 31 March 2021 £ 1,415 - 1,415 31 March 2021 £ - 34,539 - 1,561 450 - 450 1,817 38,817 31 March 2021 £ 106 390 10,044 400 600 - 11,540 |
31 March 2020 £ 2,275 500 |
|---|---|---|
| 2,775 | ||
| 31 March 2020 £ 5,092 - |
||
| 5,092 | ||
| 31 March 2020 £ 600 3,065 630 587 1,036 12 360 56 |
||
| 6,346 | ||
| 31 March 2020 £ 189 490 78 250 565 2 |
||
| 1,574 |
9
CEEBEE GOLD FOUNDATION INTERNATIONAL
Notes to the financial statements
Year ended 31[st] March 2021
| 6 Cash at bank and in hand Bank Cash 7 Short-term investments Other short-term investments 8 Creditors - Amount falling due within one year Accountancy services 10,000 2.5% Bounce Back Loan 9 Creditors:amounts falling due after one year 10,000 2.5% Bounce Back Loan 10 Total funds carried forward 31 March 2020 Restricted funds 761 Unrestricted funds - Total funds 761 |
31 March 2021 £ 3,132 3,132 31 March 2021 £ 10,000 10,000 31 March 2021 £ 400 1,306 1,706 31 March 2021 £ 8,694 8,694 Incoming resources Outgoing resources 50,758 48,846 1,570 1,511 52,328 50,357 |
31 March 2020 £ 761 |
|
|---|---|---|---|
| 761 | |||
| 31 March 2020 £ - |
|||
| - | |||
| 31 March 2020 £ - - |
|||
| - | |||
| 31 March 2020 £ - |
|||
| - | |||
| 31 March 2021 2,673 59 |
|||
| 2,732 |
10