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;
1. 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.
2. 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.
3. 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:
1. examine the accounts under section 145 of the Charities Act;
2. to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act; and
3. 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