Charity R¢gistration No. 1181740 EO FouDdation R¢port and A¢eouDts For the period from l Odob¢r 2023 to 30 Septeml)er 2024
EO Foundation Rwstered number: 1181740 Trnstees Report For the periTra from l October 2023 to 30 Septemkn 2024. The Tn]stees' present herewith their re¥x)rt together with financial statements for the period from l October 2023 to 30 Septerober 2024. Organigational Stru¢tur The board of trteeS is made up of three membeTS who admier the cljarity. The board is drawTA from the chrs08 of wious o)mllllttees such as w¢lfar¢. fiDanc¢ and youth development. Objettives aetivitie The objective of the c]]arity is to adva1¢ the Cl)ristian Faith in United Kingdojll for the benefit of the public through: a) the holding of Prayer meetings producing and distributlon of Christian Literatures) to relieve Financial hardthip and to promote good health and P&8toral supp)rt for th¢ sicL The cbarity bas also embark on Zoom meetings to propagate the above. Aehievenjemts The charity with the support of government grdnt mode m&ssive donations to memb3 of the local Communities in forni of cash donations towards rent and food and home support post th¢ Covid 19 pandemic. The charity had organised lectures to empower the less privilege members of the local communities in tenns of Iwking for employment and investment opTlD1ties at Southwark library. This rep)rt was approved by knard on Io JY 2025 and signed on its E¢balf. Fatmata Youngah Chairperson
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EO FOUNDATION FOR THE YEAR ENDED 30 SEFfEMBER 21)24 In accordance the ¢ngagen)ent letter given to us, and in order to assist you to fvlfil your duties under the Charities Act 2011. w¢ have compiled the financial statem¢nts of tbe cbarity's flnancial statements carried out urth section 145 of the 2011 Act and carrying out my eXamItion I bave followed all the applicable directkons given by the Charity Cornmission ter section 145(5)(b) of the ACL Independent examkner's statement I have completed my examination. I confrn that no material matters have to my attention ID conn¢ction with the exan)inatson giving me cause to believe that in any material Tespect: Accowiting records were not kept ill w of the clwity as required by section 130 of th¢ Act" or The financial slaiements do not accord with those records. or The financial statements do not comply with tbe applicable requirements Concerni the forffj and ¢ontent of accounts s¢t out in the Clwities (Accounts ana R¢tM)rts) Regulations 2008 other than any requir¢ll1t that the a¢counts give a'true and fair, view which is not a matter considered as part of an independent examiOn. I have no concerns and have come asS no other matt¢rs in connection with the examinthon to Nvhicb attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S.A. Ak (Chartered Certified Accountants) Dat¢:
EO Foundation stalen of FiDall¢i Activities for the year cnd¢d 30 September 2024. Notes 2024 2023 Ineomlng resources 14,145 13.965 Direct operating expenses 9.980 9,950 Gross Profit 4,165 4,015 Distribulion costs 1,610 Other operatiDg iOrne 2,555 2,531 Exceptional items." Profit on disp)sal of tangible fix¢d Profit on th¢ dis$al of investments Income from investments Interest receivable Interest payable Net incoming resources 2.555 2,531 Tax on profit on ordinary activAties Net iD¢oming rewur 2,555 2,531
EO Foundation Balance Sheet as at 30 September 2024 Noles 2024 2023 Fixed Assets Tangible assets Debtors Cash at bank and in hand 8,1(X) 161 9,902 318 8261 10,220 Creditors: amounts falling due within on¢ year 6 (500) (400) 7,761 9,820 Total &ssets l¢ss current ]iabilitics 7.761 9,820 Creditors: amounts falling due after more than one year (9,716) (14.330) Net assets (1,955) (4,510) Funds of the charity Income and ¢XlIre account (1,955) (4.510) {1,955) (4,510) The statement of financial activities include5 all gains and loss¢s rwognised in the year. All income aDd exkxnditure derive from continuing activities. tu Kakay
EO FOUM)ATION otss to the A¢¢ounts for the year 30 September 2024 l. Accounting Polieies Accounting conversion The accounts have b¢en prepared und¢r the historical cost conversion and in accordanc¢ with th¢ Financial Reporting Standard for Smaller Entities (effective April 2008). 2. Incoming resourees 2024 This is stated after C1wg. Depreciation of owned fixed assets 2024 3. Taxation UK Tration tax 4. Tangible Fixed Asset8 Equipment Total Cost At l October 2023 At 30 September 2024 Deprecialion At l October 2023 Charge for the year At 30 September 2024 Net book value At 30 September 2024 5.Debtors 2024 Other Debtors 8,100
EO Foundatio Notes to the Accounts for the yegjr ended 30 SepteMr 2024lcont) 6. Creditors: &mounts falling due within one year 2024 Cozporation Tax Other creditors 500 500 7. Cr¢ditors: amounts falling due afier one year 2024 Other creditors 9,716 9,716 8. Income and exditre account 2024 At l October 2023 Prior year adjustments (4.510) At l October 2023 (Los5)IProfit for the year 2,555 At 30 September 2024 (1,955)
EO FouDd•tion DETAILED EXPENSES FOR THE YEAR ENDED30 SEIryEMBER 2024 2024 2023 Sales 14,145 13,965 DJRECT EXPENSES Use of Home Secretarial Costs Office R¢nt 480 450 9.500 9,500 9,980 9,950 Deduct Expenses Wages Motor Expenses Travel and subsistence Phone and Internet G¢n¢rdi and admiIllstrdtive expenses Welfare and Covid expenses Accountancy Fees Postage and Stationery Depreciation 300 51X) 60 500 24 560 400 500 250 1,610 1,484
O FOUNDATION CORPORATION TAX COMpirrATION FOR THE YLIR ENDED 30 SEPTEMBER 2024 Net Income/(IA)ss) for the Period Add: Depreciation 2.555 Less: Capitsl Allowantts 2,555 Corporation Tax CAPITAL ALLOWANCES WDV BIFwd LESS:WDA 180/0 WDV Cwd