2024-03-31-accounts - Teleola Martha Christian Organisation

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Teleola Martha Christain Organisation Charity No 1174523

Report & Financial Statements 31st March 2024

Coker Isah & Co. Chartered Certified Accountants

Teleola Martha Christain Organisation

Charity No 1174523
INDEX
	Page
Charity details	1
Trustees' Reports	.2- 3
Indepenent Report	4
Statement of Financial Activities	5
Notes to Financial Statement	6
Detailed Statement of Financial Activities	Appendix

Page 1 Teleola Martha Christain Organisation

Charity Details

Charity No 1174523

MANAGEMENT COMMITTEES

Trustees Mr M A Falase Mrs Teleola Oganla Ms Bukky Oriowo Mr D Joseph Oluwaponle

Secretary Mr D Joseph Oluwaponle

Charity Number 1174523 Registered Office 74 Church Road Crystal Palace London SE19 2EZ

Accountants Coker Isah & Co. Chartered Certified Accountants 74 Church Road Crystal Palace London SE19 2EZ

Bankers Barclays Bank Plc Licester LE87 2BB

Page 2 Teleola Martha Christain Organisation

TRUSTEES' REPORT for the year ended 31 March 2023

The trustees present their report together with the financial statements of the charity for the year ended 31 March 2023 The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.

Trustees

The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

Investments powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.

Constitution, objects and policies

The principal activity of the organization was that of providing advancement of Christian faith

The policy of the charitable Trust continues to be to seek additional donations to continue to run the organisation

The trustees take the day responsibility for running the charity.

Development, activities and achievements

The trustees consider that the performance of the charity this year has been most satisfactory and the average number of members has increased once again this year.

Financial review

Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the members. Should this support not continue in the longer term, further financial support would need to be sought to replace it.

Risk Management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Page 3

Teleola Martha Christain Organisation

Charity No 1174523

TRUSTEES' REPORT for the year ended 31 March 2023

Future Developments

The charity's activities has increased during the year under review . The trustees are seeking to extend the charity's activities and are pursuing a number of activities to enable this to happen

Reserve policy

It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.

Statement of trustees' responsibilities

Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

a) Select suitable accounting policies and apply them consistently;

b) make judgments and estimates that are reasonable and prudent;

c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;

d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records which 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This project was approved by the trustees on 13/12/24 and signed on their behalf

signed Mrs Teleola Oganla Trustee

Page 4

Teleola Martha Christain Organisation

Independent Examiner's Report on the Accounts Report the trustees and members of

Charity No 1174523

The accounts for the year ended 31 March 2023 Set out in pages 4-6

Respective responsibilities of the trustees and examiner

The trustees are responsible for the preparation of the accounts, you consider that an audit

is not required under section 144 of the charities 2011 (the act) and does not apply, and that

independent examination is needed

It is my responsibility to

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

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners . 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 explanation 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 I do not express

audit opinion on the view given by the accounts.

Independent examiner's statement

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

(1) which give me reasonable cause to believe that in any material in respect the requirements

to keep accounting records in accordance with section 130 of the Charities Act and
to prepare accounts accordance with the accounting records and to comply with the accounting requirement of the Act

have not been met.

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

signed

James Coker Dated 13/12/ 2024

MBA FCCA

Relevant qualifications Coker Isah & Co.

Chartered Certified Accountants

74 Church Road London SE19 2EZ

Page 5

Teleola Martha Christain Organisation

Statement of Financial Activities

For the year ended 31 March 2024

Incoming & Expenditure Income: Voluntary Sources- Donation TOTAL INCOME Charitable Expenditure: Direct Charitable Expenditure: Non Direct Charitable Expenditure TOTAL EXPENDITURE Net Income\ ( Expenditure) Fund Balance B/F Fund Balance C\F	Unrestricted Fund 2024 25931 25931 22898 1900 24798 1133 638 1771	Unrestricted Fund 2023 19502
		19502
		16935 1794
		18729
		773 -135
		638

The notes on page 6 form part of these accounts

page 6 Teleola Martha Christain Organisation

£ 2,121	£ 988	2023 £ 0 638
2,121	988
	350
	350

		638
		-135 773
		638

Approved on 13/12/2024 and singed on behalf of the Trustees

signed Mrs Teleola Oganla Trustee Member

Page 7 Teleola Martha Christain Organisation

Notes to the Financial Statements

For the year needed 31 March 2024

1 Accounting policies

1.1 Accounting convention

The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective Jan 2005) and statement of Recommended Practice (SORP 2005) ,and with the Charity Acts 2011

1.2 Incoming Resources

The Income represent the total donation and Income Tax Claimed excluding Value Added Tax , receivable during the year

1.3 Depreciation

Depreciation is provided on tangible Fixed Assets at rate calculated to write off the cost less residual value of each assets over its expected useful life as follows:-

Fixture fitting and equipment 25% reducing balance basis

1.4 Donation

Donation receivable are credited to the Statement of Financial Activities (SOFA)) in the year for the year which they are received.

1.5 Resources Expended

Resources Expended are included in the Statement of Financial Activities (SOFA) on an accrual basis inclusive of VAT

1.6 Unrestricted Funds

Unrestricted Funds are donations and other incoming resources received or generated for the charitable purposes

1.8 Restricted Funds

Restricted Funds are funds received which can only be used for the specific purpose as laid out by the donor Expenditure which meets this criterion is identified to the fund, together with a fair allocation of overheads costs. During the year there are no restricted fund.

2 Income

The total income of the organization for the year has been derived from its principal activity wholly undertaken in the UK

3 Operating surplus

Operating surplus 2023 2022 Operating surplus is stated after charging £ £ Depreciation of tangible assets 0 0

page 8

Teleola Martha Christain Organisation

Notes to the Financial Statements For the year needed 31 March 2024

4 Fixed Assets Freehold Fixture Land Fittings equipment Cost 01-Apr-22 0 0 Additions 0 31-Mar-23 0 0 Depreciation 01-Apr-22 0 0 Charge for the year 0 0 0 0 Net Book Values 31-Mar-23 0 0 31-Mar-21 0 0 5 Creditors amount falling due within 2,023 £ Creditor and accrual Loan Inland Revenue 0 6 Summary of Assets by Fund Unrestricted funds 638 Net Income\ ( Expenditure) 1,133 Restricted Fund- Building fund Total 1,771	Total 0 0
	0
	0 0
	0 0
	0.0
	0
	2,022 £ 0
	0
	#REF! #REF!
	#REF!

7 Trustees Remuneration

NO remuneration was paid to any of the trustees under PAYE Sch Scheme during the year

Appendix

Teleola Martha Christain Organisation Statement of Financial Activities For the year ended 31 March 2024

Incoming & Expenditure Unrestricted Fund Income: 2024 £ Voluntary Sources- Donation 25931 TOTAL INCOME 25931 Direct Charitable Expenditure: Donation & Charity works 21413 Oversea travel 1041 Conference -Annual Celebration 444 22898 Non Direct Charitable Expenditure Advertising 419 Prinitng postage & stationery 15 Computer consumables 245 Travelling 378 Telephone 727 Bank Charges 0 General Expenses 116 1900 Total Expenditure 24798 NET INCOME ( EXPENDITURE) 1133 FUND BALANCES B/F 638 FUND BALANCES C\F 1771	Unrestricted Fund 2023 £ 19502
	19502
	14993 1717 225
	16935
	450 10 159 546 482 0 147
	1794

	18729
	773 -135
	638

The notes on page 6 form part of these accounts