2021-12-31-accounts

WE CARE COMMUNITY TRUST DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Seniguk Consulting ltd

Ground Floor, 2 Woodberry Grove London N12 0DR

WE CARE COMMUNITY TRUST Director's Report and Unaudited Financial Statements For The Year Ended 31 December 2021

Contents
	Page
Statutory Information	1
Report of the Trustees	2
Accountants' Report	3
Income and Expenditure Report	4
Balance Sheet	5
Notes to the Financial Statements	6
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Report	6

WE CARE COMMUNITY TRUST Company Information For The Year Ended 31 December 2021

Chairman

Trustees

Charity Commission Number

Olaoluwa Gideon Adesina Dr. Deogratias Harorimana 1176664

Registered Office MFM Southampton Ground Floor Oxford House College Street Southampton SO14 3EJ

Accountants

Seniguk Consulting ltd Ground Floor, 2 Woodberry Grove London N12 0DR

Page 1

WE CARE COMMUNITY TRUST Company No. 1176664 Report For The Year Ended 31 December 2021

REPORT OF THE TRUSTEES

Trustee’s Responsibilities in Relation to the Financial Statements

Law applicable to charities in England and 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:

1. Select suitable accountable policies and then apply them consistently;

2. Make judgements and estimates that are reasonable and prudent;

3. State whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements ;

4. Prepare the financial statements on the going concern basis unless it is in appropriate to presume that the charity will continue in business.

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 1993. 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.

The trustees who held office during the period ending 31 December 2020 were as follows:

Olaoluwa Gideon Adesina Dr. Deogratias Harorimana Estinah Tafadzwa Bondera

On behalf of the Trustees

……………………………………………………………………

Olaoluwa Gideon Adesina Chairman 21/09/2021

Page 2

WE CARE COMMUNITY TRUST Accountants' Report For The Year Ended 31 December 2021

INDEPENDENT ACCOUNTANT REPORT

We have prepared the financial statements of We Care Community Trust for the period ended 31 December 2021 which comprises the Statement of Financial activities, Balance Sheet and the related notes set out on page 9 to 12. These financial statements have been prepared under the historic cost convention and the account policies set out on page 9.

This report is made solely for the trustees in accordance with Section 44 Charities Act 1993. Our accounting work has been undertaken so that we might state to the Trustees those matters we are required to state to them in our Accountants’ report and for no other purposes. Fully permitted by law, we do not accept or assume responsibility to anyone other than the Trustees of the Association, for our accounting work, for this report, or for the opinion we have formed.

Respective Responsibilities of Trustees and Accountants

The trustees’ responsibilities for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Trustees’ Responsibilities on page 4.

Our responsibilities are to prepare the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards.

We report to the trustees our opinion whether the financial statements give a true and fair view and are prepared in accordance with the Charities Act 1993. We also report to you if, in our opinion, the Trustees’ Annual Report is not consistent with the financial statements, if the charity has not kept proper accounting records, or if we have not received all the Information and explanation we require for the preparation of the financial statements.

We read the information contained in the Trustees’ Annual Report and consider whether it is consistent with the financial statements. We consider the implication for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.

Basis of opinion

We have prepared the financial statements with the United Kingdom Accounting Standards issued by the Accounting Standards Board. The preparation includes examination, on a test basis of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgement made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity’s circumstances, consistently applied and adequately disclosed.

We planned and performed our preparation to obtain all information and explanations that we considered necessary to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluate the overall adequacy of the presentation of information in the financial statements.

Unqualified opinion

In our opinion, the financial statements give a true and fair view of the charity as of 31 December 2020 and of its incoming resources and application of resources for the period then ended and have been properly prepared in accordance with the Charities

……………………………………………………………………

21/09/2021 Seniguk Consulting ltd Ground Floor 2 Woodberry Grove London N12 0DR

Page 3

WE CARE COMMUNITY TRUST Income and Expenditure Account For The Year Ended 31 December 2021

		2021	2020
	Notes	£	£
Members Contributions		3,771	1,510
GROSS Surplus		3,771	1,510
Administrative expenses		(238 )	(2,581 )
OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR		3,533	(1,341)

The notes on page 6 form part of these financial statements.

Page 4

WE CARE COMMUNITY TRUST Balance Sheet As of 31 December 2021

Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS	2021 2020 £ £ £ £ 5,362 1,829	2021 2020 £ £ £ £ 5,362 1,829	2021 2020 £ £ £ £ 5,362 1,829
	5,362	1.829 5,362 5,362 5,362 5,362 5,362	1,829 1,829 1,829 1,829 1,829

Page 5

WE CARE COMMUNITY TRUST Notes to the Financial Statements For The Year Ended 31 December 2021

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

a) Accounting Convention

The financial statements are prepared under the historical cost convention. In preparing the financial statements, the charity follows the best practice as laid down in the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP 2000) issued in October 2000.

To comply fully with the statement of Recommended Practice, would require investments to be accounted for at valuation. The trustees believe since the investments are held for the long term, it would be inappropriate to account for unrealised gains and losses for the period. Therefore, investments have been accounted for at historical cost. This is the only exception to compliance with the Statement of Recommended Practice. The market value of the investments is disclosed.

1.2. Turnover

a) Income from members is credited to the income in the year in which it is receivable by the association. All other income is credited to income in the year in which it is received on a cash basis.

b) Donations to other charities are charged in the year when the offer is conveyed to the recipients except in the cases of where the offer is conveyed to the recipients except in those cases where the offer is conditioning, such as donations or grants being recognised as expenditures when the conditions attached are fulfilled.

c) Unrestricted funds are general funds which are available for use at the discretion of the trustees in

furtherance of the general objectives of the association and which have not been designated for other purposes.

WE CARE COMMUNITY TRUST Trading Profit and Loss Account For The Year Ended 31 December 2021

Members Contributions Income GROSS PROFIT Administrative Expenses Bank charges Charitable donations Other office costs OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR	2021 2020 £ £ £ £ 3,771 1,510 3,771 1,510 88 53 - 2,580 150 500 (238) (2,851) 3,533 (1,341)	2021 2020 £ £ £ £ 3,771 1,510 3,771 1,510 88 53 - 2,580 150 500 (238) (2,851) 3,533 (1,341)
		3,533 (1,341)

Page 6