## 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
an
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
|Charity No 1174523
Balance Sheet
31st March 2024
£
**FIXED ASSETS**
**CURRENT ASSETS**
Bank & cash
2,121
2,121
**CREDITORS**
Amounts falling due within one year
Accrual & deferred income
350
350
Net Current Liabilities
**ACCUMULATED FUND**
Retained Surplus Brought Forward
Surplus for the year
Retained Surplus Carried Forward|£
2,121|2024
£
0
1,771
1,771
638
1,133
1,771|£
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
By
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