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2022-03-31-accounts

Registered Charity Number: 1173529

CEEBEE GOLD FOUNDATION INTERNATIONAL

TRUSTEES REPORT

&

ACCOUNTS

31[st] March 2022

CEEBEE GOLD FOUNDATION INTERNATIONAL

Financial statement Year ended 31[st] March 2022

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 Ifeoluwa Florence Olaiya (Chair of trustees) Trustees Muyinbatu Ademefun Luke Olojede 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:

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:

  3. a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;

  4. b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

  5. 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

Ifeoluwa Florence Olaiya 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 2022, which are set out on pages 6 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:

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: October 3, 2022

Bernard Nwaiwu, FCA (ICAN)

BC NWAIWU & 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 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Total income
Expenditure on:
charitable activities
4
Total expenditure
Net income/(expenditure) for
the year
5
Transfer between funds
Net movement in funds for the
year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
£
5,297
800
6,097
3,419
3,419
2,678
-
2,678
59
2,737		 Restricted
£
-
50,013
50,013
49,275
49,275
738
-
738
2,673
3,411		 2022
£
5,297
50,813
56,110
52,694
52,694
3,416
-
3,416
2,732
6,148		 2021
£
363
51,965
52,328
50,357
50,357
1,971
-
1,971
761
2,732

The notes on pages 8 to 12 form part of these financial statements

6

CEEBEE GOLD FOUNDATION INTERNATIONAL

Balance Sheet

As at 31[st] March 2022

Note
Fixed assets
Tangible assets
6
Total fixed assets
Current assets
Cash at bank and in hand
7
Short-term investments
8
Debtors
9
Total current assets
Liabilities
Creditors:amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Creditors:amounts falling due after
one year
11
Net assets
The funds of the charity:
Unrestricted funds
12
Restricted funds
12
Total charity funds		 £
5,315
10,000
-
15,315
(2,000)		 2022
£
-
-
13,315
13,315
(7,167)
6,148
2,737
3,411
6,148		 £
3,132
10,000
-
13,132
(1,706)		 2021
£
-
-
11,426
11,426
(8,694)
2,732
59
2,673
2,732

Ifeoluwa Florence Olaiya Chair of trustees

Approved by the board on October 3, 2022

The notes on pages 8 to 12 form part of these financial statements

7

CEEBEE GOLD FOUNDATION INTERNATIONAL

Notes to the financial statements Year ended 31[st] March 2022

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 2019) - (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 2022

2.
Donations and legacies
Donations receivable
Other Income
Total
3.
Charitable activities
Grants
National Lottery Community Fund
Forever Manchester
GMCVO
Manchester Settlement
Voice4Change England
We Love Manchester Charity
Greater Manchester GMMH MWF
Manchester Alliance HCA
Manchester City Council
National Heritage Lottery
NATWEST GMW NHS
Arnold Clark Automobiles
Charitable trading
Charity sales
Support services
Total income from charitable
activities		 Unrestricted
£
4,185
1,112
5,297
Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
800
-
800
800		 Restricted
£
-
-
-
Restricted
£
-
4,080
1,000
5,220
9,627
4,140
2,840
750
10,000
9,356
500
2,500
50,013
-
-
-
50,013		 2022
£
4,185
1,112
5,297
2022
£
-
4,080
1,000
5,220
9,627
4,140
2,840
750
10,000
9,356
500
2,500
50,013
800
-
800
50,813		 2021
£
200
163
363
2021
£
10000
16000
5850
5220
9720
3760
-
-
-
-
-
-
50,550
1,415
-
1,415
51,965

9

CEEBEE GOLD FOUNDATION INTERNATIONAL

Notes to the financial statements

Year ended 31[st] March 2022

4.
Expenditure on charitable activities
Staff cost
Project costs
Depreciation
Professional fees
Governance costs
Support costs
Finance costs
Restricted expenditure
Unrestricted expenditure
5.
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
6.Fixed assets: tangible assets
Land and
Buildings
£
Cost
At 1 April 2021
-
Additions
-
At 31 March 2022
-
Depreciation
At 1 April 2021
-
Charge for the year
-
At 31 March 2022
-
Net book value
At 31 March 2022
-
At 1 April 2021
-		 2022
£
20,735
26,633
-
550
546
3,981
250
52,694
49,275
3,419
52,694
2022
£
-
Fixtures
and
fittings
Computer
equipment
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2022
£
20,735
26,633
-
550
546
3,981
250
52,694
49,275
3,419
52,694
2022
£
-
Fixtures
and
fittings
Computer
equipment
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
£
10,044
34,539
-
600
400
4,628
146
50,357
32,732
17,625
50,357
2021
£
-
Total
£
-
-
- -
-
-		 -
-
- -
- -
- -

10

CEEBEE GOLD FOUNDATION INTERNATIONAL

Notes to the financial statements

Year ended 31st March 2022
7.
Cash at bank and in hand
Cash at bank
Cash in hand
8.
Short-term investments
Other short-term investments
9.
Debtors
Trading debtors
Grant debtors
10.
Creditors:amounts falling due within one year
Accountancy services
10,000 2.5% Bounce Back Loan
11.
Creditors:amounts falling due after one year
10,000 2.5% Bounce Back Loan		 2022
£
5,315
-
5,315
2022
£
10,000
10,000
2022
£
-
-
-
2022
£
-
2,000
2,000
2022
£
7,167
7,167		 2021
£
3,132
-
3,132
2021
£
10,000
10,000
2021
£
-
-
-
2021
£
400
1,306
1,706
2021
£
8,694
8,694

11

CEEBEE GOLD FOUNDATION INTERNATIONAL

Notes to the financial statements

Year ended 31[st] March 2022

12 Fund movements
Restricted funds
Restricted project fund
Unrestricted funds
General fund
The funds of the charity		 Balance
at 1 April
2021
£
2,673
2,673
59
59
2,732		 Income

£
50,013
50,013
6,097
6,097
56,110		 Expenditure
£
(49,275)
(49,275)
(3,419)
(3,419)
(52,694)		 As at 31
March
2022
£
3,411
3,411
2,737
2,737
6,148

12