BOJIS FOUNDATION
COMPANY LIMITED BY GUARANTEE
Company Registration Number CE013536 (England and Wales)
Charity Number 1177552
Report of theTrutees and Unaudited Financial Statements
Period of Accounts
Start Date 01 February 2020
End Date: 31st January 2021
BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Contents of the Financial Statements For the Period Ended 31 January 2021
| CONTENTS | PAGE |
|---|---|
| Members of the Board and Professional advisers | 1 |
| Trustees Annual Report | 2 & 3 |
| Reports of the independent examiner | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE
Members of the Board and Professional advisers
For the Period Ended 31 January 2021
Registered charity name
BOJIS FOUNDATION
Charity Number
1177552
Company Registration Number CE013536 (England and Wales) Registered Office 55 QUEENSWAY HEALD GREEN CHESHIRE SK8 3ET
Board of Trustees
Blessing Okundolor (Chair) Erebi Ayavoro Dr James Kimilu Osagie Okundolor
Accountants LEVEON ACCOUNTING SOLUTION LIMITED FIRST FLOOR 138 LOWER ROAD LONDON SE16 2UG
T: 0203 417 9776 E: info@leveon.co.uk W: www.leveon.co.uk
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE
Trustees Annual Report For the Period Ended 31 January 2021
The Trustees, who are also directors for the purpose of company law, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 January 2021.
REFERENCE AND ADMINISTRATION DETAILS
Reference and administration details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
TRUSTEES
The Trustees who served the charity during the period were as follows: Blessing Okundolor (Chair) Erebi Ayavoro Dr James Kimilu Osagie Okundolor
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was incorporated as a company limited by guarantee on 29 September 2005 and is governed by an Article and Memorandum of Association. Appointment of Trustees were initially recommendation by members of the organisation Which have similar interest of trying to reduce domestic violence among members of our communities with the various aftermath of domestic violence resulting to various impact on the people that was abuse and neglect and the communities will filled the impact. Activities organised in furtherance of the objectives include regular campaign for people to speak our about demestic abuse and the various impact they might have suffered from those abuse and neglect, seminars and training workshops from various professional are used to train members and the general public to spot the sign of someone suffering from abuse and neglect as result of domestic violence .
OBJECTIVES AND ACTIVITIES
The relief of the physical and mental sickness of persons in need by reason of depression and domestic violence, , in particular by the provision of counselling and support, including signposting to other services, and by any other means as the trustees in their discretion shall determine.
ACHIEVEMENTS AND PERFORMANCE
We started in 2018 with the main idea to reduce domestic violence within our communties, our various campaign, workshops and seminars has been creating public awareness about the devil that have taking root inour society, many people are abuse and neglected by the people they trust and put their faith, when they try to speak out many of them are not believce due to the social construct of our communities, we as organisation are changing the narrative and encouraging people to speak out, and get the best support and advice that will help them heal from the neglect feeling the abuse brought the way.
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE
Trustees Annual Report For the Period Ended 31 January 2021
RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are also the directors of the Bojis Foundation for the purpose of company law), are responsible for preparing the Trustees Annual Report and the Financial Statement in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptable Accounting Practice).
Company law requires the Trustees to prepare Financial Statement which give true and fair view of the state of affairs of the charitable company and of the incoming and applicable of resources, including the income and expenditures of the charitable company for that period.
In preparing these Financial Statements, the Trustees are required to:
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Select suitable accounting policies and apply them cionsistently;
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Observe the methods and principles in the charities SORP;
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Make judgments and estimates that are reasonable and prudent;
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Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity company and ensure that the Financial Statement comply with the Company Act 2006 and Charitable Act 1993. The trustees are also responsible for safeguarding assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
ACCOUNTANTS
A resolution to appoint LEVEON ACCOUNTING SOLUTION LIMITED as Accountants for the ensuring year will be proposed at the Annual General Meeting.
----------------------------------------Blessing Okundolor (Chair) Autorised Signatory
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE
Reports of the independent examiner For the Period Ended 31 January 2021
I report on the accounts of the charity for the year ended 31 January 2021 set out on pages 6 to 11
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
As the charity's trustees you are responsible for the preparation of the acccounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to: examine accounts under section 43 of the Act as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act as amended, and to state wheter particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and in comparision of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 gives me reasonable cause to believe that in any material respect the requirements:
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♦ to keep accounting records in accordance with section 41 of the Act; and
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♦ to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
-----------------------------------------------------
Calvin Usuanlele Accountant
LEVEON ACCOUNTING SOLUTION LIMITED FIRST FLOOR 138 LOWER ROAD LONDON SE16 2UG
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Statement of Financial Activities
(incorporating the income and expenditure account) Year ended 31 January 2021
| INCOMING RESOURCES NOTES Incoming resources from generating funds Voluntary Income 2 Other income resources 3 Investment income 4 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 5 Governance costs 6 TOTAL RESOURCES EXPENDED NET INCOMING (OR OUTGOING) RESOURCES FOR THE YEAR 7 Total funds brought forward (plus/deficit) Total funds carried forward |
Unrestriced Funds 2021 £ 135 - - 135 135 4,969 831 5,800 5,665 - 382 5,283 - |
Unrestricted Funds 2020 £ 250 1,000 - |
Unrestricted Funds 2020 £ 250 1,000 - |
|
|---|---|---|---|---|
| 250 | ||||
| 250 2,269 925 |
||||
| 3,194 | ||||
| - | - | 2,944 |
||
| 3,326 | ||||
| - | 382 |
The Statement of Financial Activities include all gains and losses in the year and therefore a statement of total recognized gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 10 form part of these financial statements.
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Balance sheet as at 31 January 2021
| NOTES FIXED ASSETS Tangible assests 9 Total Fixed Assets CURRENT ASSETS Debtors 10 Cash at bank and in hand 11 Total Current Assets CREDITORS Amount falling due within a year 12 Net current assets FUNDS Unrestricted income/liability funds TOTAL FUNDS |
2021 £ - 3,355 |
£ 844 |
2020 £ - 9,155 |
£ 1,125 |
|---|---|---|---|---|
| 844 6,127 - |
1,125 843 - |
|||
| 3,355 9,482 |
9,155 9,998 |
|||
| 5,283 - |
282 | |||
| 5,283 - |
282 | |||
| 5,283 - |
282 |
For the year ended 31st January 2021 the company was entitled to exemption from audit under section 477 of the companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the companies Act 2006.
The director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (Effective 2008).
The notes on pages 7 to 10 form part of these financial statements. The Financial Statements was approved by the Board of Directors on the 23rd July 2021
SIGNED ON BEHALF OF THE BOARD BY:
Blessing Okundolor (Chair) Authorised signatory
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year Ended 31 January 2020
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of preparation of accounts
These accounts have been prepared under the historical cost basis convention and in accordance with applicable United Kingdom Accounting Standards the Statement of Recommended Practice "Accounting and Reporting by charities" issued in March 2005 (SORP) and the Company Act 2006.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
1.3 Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of tradingfor fundraising purposes including the charity's shop.
Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and servicesfor its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (Continued) Year Ended 31 January 2021
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each assets over its expected useful life as follows: Fixture, fittings and equipment 25% Vehicle 25%
1.5 Investments
Current asset investments are at the lower of cost and net realisable value.
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (Continued) Year Ended 31 January 2021
| 2 VOLUNTARY INCOME Donations 3 OTHER INCOME RESOURCES Other materials 4 INVESTMENT INCOME Bank interest Receivable |
Unrestricted Funds 2021 £ 135 135 Unrestricted Funds 2021 £ - Total Funds 2021 £ - |
Unrestricted Funds 2020 £ 250 |
|---|---|---|
| 250 | ||
| Unrestricted funds 2020 £ 1000 Total funds 2020 £ 0 |
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BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Notes to the financial Statements (Continued) Reports of the independent examiner
5 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Unrestricted Funds 2021 £ Rent and Rates - Charitable Donation/Honorarium 2,700 Travelling & Hospitality to members 468 Advertisement & Promotion 350 Motor Expenses - Printing and Stationery 361 Repairs & Maintenance - Professional Fees 1,000 Other Expenses 90 4,969 6 GOVERNANCE COSTS Unrestricted Funds 2021 £ Accountancy Fees 550 Legal Fees - Interest payable - Depreciation 281 Total 831 7 NET INCOME/(OUTGOING) RESOURCES FOR THE YEAR 2021 2020 £ £ This is stated after charging 5,665 - 2,944 - |
Unrestricted Funds 2020 £ - - 60 810 - 243 - 1,000 156 |
|---|---|
| 2,269 | |
| Total 2020 £ 550 - - 375 |
|
| 925 | |
Page 10
BOJIS FOUNDATION COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (Continued) Year Ended 31 January 2021
| 8 STAFF COSTS AND EMOLUMENTS Total staff costs were as follows Wages and salaries & social security costs |
2021 2020 £ £ |
|---|---|
| Nil Nil |
Particular of employees
The average number of employee during the year calculated on the basis of full-time equivalent was nil during the year.
No employee received emolument of more than £60,000 during the period
9 TANGIBLE FIXED ASSETS
| Equipment £ COST As at 01.02.2020 844 Additons 844 Deprecation As at 31.01.21 Charge for the year As at 31.01.21 211 Net Book Value At 31.01.21 633 As at 31.01.20 844 10 DEBTORS Amounts owed by group undertakings and undertaking in which the charity has a participating interest other debtors |
Equipment £ 844 |
Motor Vehicle Furniture & Fittings Total £ £ £ 281 1,125 - |
|---|---|---|
| 844 | - 281 1,125 |
|
| 211 | 70 281 |
|
| 633 | - 211 844 |
|
| - 281 1,125 2021 £ - - |
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BOJIS FOUNDATION LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (Continued)) Contents of the Financial Statements
11 CASH AT BANK AND IN HAND
CASH AT BANK AND IN HAND 2021 £ Barclays a'c-83998908 3,355 Cash in Hand - - 3,355
12 CREDITORS: Amount falling due within a year
| CREDITORS: Amount falling due within a year | |
|---|---|
| Bank Loan and Overdrafts Accrual Creditors |
2021 £ - 1,801.00 7,681.00 |
| 9,482 |
13 UNRESTRICTED INCOME FUNDS
| Bal at | Incoming | Outgoing | At | 31 | Jan | ||
|---|---|---|---|---|---|---|---|
| **01/02/2020 ** | **Resources ** | Resources | 2021 | ||||
| £ | £ | £ | £ | ||||
| 382 | 135 | - | 5,800 |
- | 5,283 |
Unrestricted funds are used for the day to day running of the Charity' operation.
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible | Net current Total | |
|---|---|---|
| Fixed assets | liaibilities | |
| £ | £ | £ |
| 844 | 9,482 | 8,638 |
15 COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee and therefore has no share capital. Every member undertakes to contribute such amount as may be required but not exceeding £10 to assets of the company in the event of a winding up.
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