Charity number: 1173813
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UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2021
Prepared By:
Swan Accounting Services Accounting & Business Consultancy 55 Stephens Road London E15 3JJ
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021
TRUSTEES
BABATUNDE LOYE GODWIN FORSON MODUPE LOYE REV ESTHER AJAYI Helena Chikezie
REGISTERED OFFICE
OWL Financial Imperial Place Maxwell Road Boerehamwood WD6 1JN
CHARITY NUMBER
1173813
ACCOUNTANTS
Swan Accounting Services Accounting & Business Consultancy 55 Stephens Road London E15 3JJ
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ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 9 |
| Detailed Statement of Financial Activities | 8 |
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FOR THE YEAR ENDED 28 FEBRUARY 2021 TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 28 February 2021
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was THE EDUCATION OF CHILDREN AND YOUNG PEOPLE .
STRUCTURE GOVERNANCE AND MANAGEMENT
structure and governance text goes here
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 12 December 2019
BABATUNDE LOYE
Trustee
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| Statement of Financial Activities for the year ended 28 February 2021 Income Income from generated funds Donations and legacies Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestric ted funds £ - - - - - - (1,791) (1,791) |
Restricte d funds £ - - - - - - - - |
2021 Total £ - - - - - - (1,791) (1,791) |
2020 Total £ 3,000 |
|---|---|---|---|---|
| 3,000 | ||||
| 3,229 | ||||
| 3,229 | ||||
| (229) | ||||
| (229) (1,562) |
||||
| (1,791) |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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BALANCE SHEET AT 28 FEBRUARY 2021
| BALANCE SHEET AT 28 FEBRUARY 2021 | ||||
|---|---|---|---|---|
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 2 NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds General fund |
241 241 2,032 |
2021 £ (1,791) (1,791) (1,791) (1,791) |
241 241 2,032 |
2020 £ (1,791) |
| (1,791) | ||||
| (1,791) | ||||
| (1,791) |
For the year ending 28 February 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 12 December 2021 and signed on their behalf by
.............................
BABATUNDE LOYE Trustee
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NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
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2. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
| 2021 £ 2,032 2,032 |
2020 £ 2,032 |
|---|---|
| 2,032 |
3. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 28 February 2021 there were members.
4. RESTRICTED FUNDS
| Brought | Incoming | Outgoing **Transfers ** |
Outgoing **Transfers ** |
Carried | |
|---|---|---|---|---|---|
| forward | resource | resource | forward | ||
| s | s | ||||
| £ | £ | £ | £ | £ |
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Incoming Resources for the year ended 28 February 2021
| Incoming Resources for the year ended 28 February 2021 |
||
|---|---|---|
| Incoming resources Incoming resources from generated funds |
2021 £ - - |
2020 £ |
| 3,000 | ||
| 3,000 |
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| Expenses for the year ended 28 February 2021 Expenses Costs of generating funds Charitable Activities Gift Awards Sundry expenses |
2021 £ - - - - |
2020 £ 2,915 314 |
|---|---|---|
| 3,229 | ||
| 3,229 |
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