**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**|