SARAH AYOKA ODUWAIYE FOUNDATION UK
Charity number 1175744
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2022
STAN KELLY & CO Claverings Business Park 14 Centre Way London N9 0AH
Charity number 1175744
SARAH AYOKA ODUWAIYE FOUNDATION UK
Charity Information
Registered Address
12 Brookehowse Road London SE6 3TL
Trustees:
Dr Owodunni Olayinka Oduwaiye Miss Ann Oduwaiye Mrs Susan Adelaja
Bankers
Natwest London
Independent Examiner
Emmanuel Oloke, FCCA Stan Kelly & Co Chartered Certified Accountants 14 Centre Way London N9 0AH
SARAH AYOKA ODUWAIYE FOUNDATION UK
Charity number
1175744
| Contents | Page |
|---|---|
| Examiner's Report | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 4 |
| Notes on the Accounts | 5 |
| Supplementary Information- Incoming Resources | 6 |
| Supplementary Information- Resources Expended | 7 |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/members of SARAH AYOKA ODUWAIYE FOUNDATION UK
On accounts for the year ended
28 February 2022 Charity no 1175744
Set out on pages
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28 February 2022
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
~~[The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of [insert name of applicable listed body]].~~ ~~Delete [ ]~~ ~~if not applicable.~~
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance
-
with section 130 of the Charities Act; or
Independent examiner's statement
-
the accounts did 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.
- Please delete the words in the brackets if they do not apply.
Signed: E. Oloke Date: 18/01/2023 Name: Emmanuel Oloke, FCCA Relevant professional The Association of Chartered Certified Accountants (ACCA) qualification(s) or body (if any): Address: Stan Kelly & Co 14 Centre Way London N9 0AH
Section B Disclosure
Give here brief details of any items that the examiner wishes to disclose.
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
SARAH AYOKA ODUWAIYE FOUNDATION UK
Charity number 1175744
STATEMENT OF FINANCIAL ACTIVITIES
Year Ended 28 February 2022
| Notes Incoming Resources Donations Gift Aid Receipts Others Total Incoming Resources Resources Expended Direct Charitable Expenditure Management and Adminstration of the charity Total Resources Expended Net Incoming Resources for the Year and net movements in Funds Fund balance brought forward at 1 March 2021 Fund Balance Carried Forward at 28 February 2022 |
Unrestricted Fund £ 26,122 - - 26,122 7,915 9,238 17,153 8,968 - 8,968 |
Restricted Fund £ - - - - - - - - - |
Total 2022 £ 26,122 - - 26,122 7,915 9,238 17,153 8,968 910 - 8,058 |
Total 2021 £ 10,205 - - |
|---|---|---|---|---|
| 10,205 | ||||
| 7,008 4,423 |
||||
| 11,431 | ||||
| 1,225 - 315 |
||||
| 910 - |
3
~~StanKelly~~
Charity number 1175744
SARAH AYOKA ODUWAIYE FOUNDATION UK
BALANCE SHEET as at 28 February 2022
| Note Fixed Assets 2 Current assets Debtors Cash at bank and in hand 3 Creditors: Amounts falling due within one year 4 Net Current Assets Creditors: Amounts falling due after more than one year Total Net Assets The Funds of the Charity Unrestricted: Designated funds General funds |
2022 £ 1,894 10,954 12,848 660 12,188 4,130 - 8,058 8,058 8,058 |
2021 £ 3,787 68 |
|---|---|---|
| 3,856 | ||
| 660 | ||
| 3,196 | ||
| 4,106 - |
||
| 910 - |
||
| 910 - |
||
| 910 - |
The financial statements were approved by the trustees on 18 January 2023 and signed on its behalf by:
………………………………………………… Trustee
Dr O. Oduwaiye
The notes on page 5 form part of these financial statements.
4
~~StanKelly~~
Charity number 1175744
SARAH AYOKA ODUWAIYE FOUNDATION UK
For the year ended 28 February 2022
Notes on the Accounts
1. Accounting Policies
-
a. The financial statements have been prepared under the historical cost convention and applicable accounting standards and in accordance with Statement of Recommended Practice - Accounting by Charities .
-
b Depreciation is calculated to write off the costs of fixed assets over their useful lives at the following rates:
Computer equipment 25% Fixtures and fittings 20%
c Incoming resources All incoming resources are included on the statement f financial activities when the charity is legally entitled to the income.
- d 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.
2. Fixed Assets
| ssets | |
|---|---|
| Cost At 1 March 2021 Additions At 28 February 2022 Depreciation At 1 March 2021 Charge for the year At 28 February 2022 Net book value as at 28 February 2022 NBV at 1 March 2021 nd cash balance Cash and Bank balance 3 rs: Amounts falling due within 1 year Accruals and Deferred Income 4 |
Computer Fixtures equpiment and fittings Total £ £ £ 1,573 6,000 7,573 - - - - - |
| 1,573 - 6,000 - 7,573 |
|
| 786 3,000 3,786 393 1,500 1,893 |
|
| 1,180 4,500 5,680 |
|
| 394 1,500 1,894 |
|
| 787 3,000 3,787 10954 10954 660 660 |
3. Bank and cash balance
4. Creditors: Amounts falling due within 1 year
5
~~StanKelly~~
Charity number 1175744
SARAH AYOKA ODUWAIYE FOUNDATION UK
Year ended 28 February 2022
Supplementary Information
Incoming Resources
| Donations Gift Aid Receipts Others Total |
2022 Donation Gift Aid Others Total £ £ £ £ 26,122 26,122 - - - - 26,122 - - 26,122 |
2021 Total £ 10,205 - - |
|---|---|---|
| 10,205 |
6
~~StanKelly~~
Charity number 1175744
SARAH AYOKA ODUWAIYE FOUNDATION UK
Year ended 28 February 2022
Supplementary Information
Resources Expended
| Resources Expended | ||
|---|---|---|
| Direct charity expenditure Management & Admin. £ £ Outreach and Cancer Awareness Campaigns 2,579 Trainings, Seminars and Meetings 1,154 Care Resources and Medication 3,151 Freight and Carriage - Charity gifts and donations 631 Volunteers' Expenses 400 Hall rental - Travel and subsistence 860 Motor expenses 527 Telephone and broadband 1,114 Print, Post & Stationery 489 Independent Examiner's Fees 660 Professional Fees 120 Secretarial Fees 600 Computing, Software and Media 100 Subscriptions - Insurance - Storage costs 2,874 Depreciation 1,893 Sundry expenses - TOTAL 7,915 9,238 |
2022 Total £ 2,579 1,154 3,151 - 631 400 - 860 527 1,114 489 660 120 600 100 - - 2,874 1,893 - 17,153 |
2021 Total £ 837 592 4,174 180 745 480 - 353 131 860 243 660 - - 100 150 - - 1,893 33 |
| 11,431 |
7
~~StanKelly~~
SARAH AYOKA ODUWAIYE FOUNDATION UK
Charity number
Year ended 28 February 2022
| 2 Tangible fixed assets Cost At 1 March 2021 Additions At 28 February 2022 Depreciation At 1 March 2021 Charge for the year At 28 February 2022 Net book value NBV at 1 March 2021 4 Cash Balance Business Current Account Cash at Bank and in Hand |
Computer Motor equpiment vehicle Total £ £ £ 1,573 6,000 7,573 - - - |
|---|---|
| 1,573 6,000 7,573 |
|
| 786 3,000 3,786 393 1,500 1,893 |
|
| 1,180 4,500 5,680 |
|
| 394 1,500 1,894 |
|
| 787 3000 3787 92 10,862 10,954 |