| Page | ||
|---|---|---|
| Legal and administrative information |
||
| Report ofthe Trustees | 2-6 | |
| Independent Examiners' Report |
7-8 | |
| Statement offinancial activities | ||
| Balance sheet | 10 | |
| Notes to the financial statements |
11-14 | |
| Detailed Income and expenditure | accounts | 15 |
| Trustees | Chibuzor Onwuaraghi |
|---|---|
| Remi Popoola | |
| Oluwole Abe | |
| Chris Okhueleigbe | |
| Kudzaishe Shodunke |
|
| Registered office: | 38-40Kettering Road |
| Northampton | |
| NN3 4AH | |
| Charity number: | 118591 |
| Accountants: | Jash Burton B'Chaucer |
| Coleridge Road | |
| Surrey | |
| CRO 7BQ | |
| Bankers: | CAF Bank Plc |
| Natwest Plc |
Nl.:W L()Vb:NAW'I' (:11[ IRI'.11 IY()R'I'I IANqIYI'()N KI,:IY)R'I' l)li' Tl I I,: 'I'RI i.%Tr,i."% '()R -I"I I b, H l()l) I,:Nl)I.;I) .111 .1 I IN'I,: 21)22 wi%lcrixl C'l)iirili' Nuiiil>L'r I182$1)1 1The lolul funda AS llt 30 Juijc 2022 wo4 £17(W8 mjjoriiy of which reluled io UntrICted funds. Rr_sriivE POI.ICY 'I'hL CIMI'ily ii)iiiiilains unrcilriclcd fund8, which arL' Ihtt frce rc8crves of Ihc charity, ai a levcl thal is 41 Ici181 Iivclve nionih% of Lommiiied ¥XPCTI(liiurL', cxcluding finnncing and oihcr ¢osls. Ex¢css Unr&%tricl funds. 10 thc Lxlcnl rcprcscnicd by liquid &%set.s. will bc ud to mcct recurrenl OP-faiionnl cosL$, cxeepi where ihc Twslce8 con.qidL'r that ihc fund8 should bc rctained for possiblc ruiure pn)jccls. INVI.STMLKf POLICY 'I"hc'l.ru.%l$ havc lh¢ powcr Ii) invcst in such tLsscIN as thcy deem fit. I'hc charily's invcsimcni p)licy ig iippfopridlL lo ihc nalurc ol Ihc fuiids for which Ih¢ inv¢4imcnl is hLld. Th¢ primary invcsimcnt aim 15 in pmvidc a high dogrL'C ol s¢curily ld liquidily and io m4ximis¢ rciurn5 whilst adopting conserv41ivc approach. GRAM".MAKING POLICY The Charily does not prvvidc grniils ond Ih¢r¢forc do nvl have J w)li¢y on granl-makii?g. The Trn%ie&s howevcr, givc gifts and donations an crrcclivL mLans of delivering support lind ¥1S5iStance lo oihLr pmBrdmM that fil within Ihc objcLlivLs of ihc Ch.Irity. I1).1'.NI)Ey T Tr:XAI%llliTr'R A proposal thai J&%h Burton B'chaucer bc re-appoiiiimeni as Indcpcndeni Examincr5 of the charity will be pui io the Board of Trusiccs al the forthcoming Annual General Mccting. By Order of the Board of TruS¢S Chlbuwr Truste Daie." ghi .2023
| Unrestricted | Restricted | 2022 | ||
|---|---|---|---|---|
| funds | funds | Total | ||
| INCOMING RESOURCES | ||||
| Volunta income |
||||
| Donations, tithes and offerings |
43,267 | 43,267 | ||
| Other incomin resources |
||||
| Gift aid receivable | 3,150 | 3,150 | ||
| Sundry income | 18,504 | 18,504 | ||
| Building fund and rental income | 9,000 | 9,000 | ||
| Bank interest | 187 | 187 | ||
| Total incoming resources | 74,108 | 74,109 | ||
| RESOURCES EXPENDED | ||||
| (Costs ofactivities in furtherance | of the | |||
| objects ofthe charity) | ||||
| Direct Charitable activities |
6,674 | 6,674 | ||
| Management and Support activities |
11,926 | 11,926 | ||
| Governance costs |
1,700 | 1,700 | ||
| Finance costs | 12,092 | 12,092 | ||
| Total resources expended | 32,392 | 32,392 | ||
| Net movement in funds for the |
period | 41,716 | 41,716 | |
| Total funds brought forward |
129,192 | 129,192 | ||
| Total Funds as at30June 2022 | 170,908 | 170,908 |
| Unrestricted | Restricted | 2022 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible assets | 298,494 | 298,494 | ||
| Current assets | ||||
| Debtors and prepayments | 3,150 | 3,150 | ||
| Cash at bank and in hand | 40,094 | 40,094 | ||
| 43,244 | 43,244 | |||
| Creditors: amounts | falling due | |||
| within | one year | 26,576 | 26,576 | |
| Net current assets | 16,668 | 16,668 | ||
| Total assets less current liabilities | 315,162 | 315,162 | ||
| Creditors: amounts | falling due after | |||
| more than one year | (144,254) | (144,254) | ||
| Net assets | 170,908 | 170,908 | ||
| Financed by: | ||||
| Funds | 170,908 | 170,908 | ||
| Total funds | 170,908 | 170,908 |
| Voluntary income |
2022 | |
|---|---|---|
| Tithes, offerings and | donations | 43,267 |
| Gift Aid | 8,400 | |
| Other Income | 18,504 | |
| Mission contribution | received | 600 |
| 70,771 |
| 3. | Governance costs |
2022 |
|---|---|---|
| The governance costs ofthe charity consisted ofthe following: |
||
| Accountancy fees |
1,700 | |
| Legal and professional | ||
| 1,700 | ||
| 4. | Finance costs | 2022 |
| Bank charges | 5,500 | |
| Mortgage interest |
6,592 | |
| 12,092 |
| The net i | nco | ming | resou | rces | are state | d after | chargin | g the f |
ollowing c | osts: |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | ||||||||||
| Depreciation | 7,342 | |||||||||
| Independent | examiners' | remuneration | 1,700 | |||||||
| Tangible | fixed assets | |||||||||
| All assets | are held | for charitable purposes | ||||||||
| Land | & | Fixtures & | Comiinter | 2022 | ||||||
| ~bnttdtn | s | ~tttttn | s | ~ent | ment | Total | ||||
| Cost | ||||||||||
| Balances | b/f | 300,000 | 300,000 | |||||||
| Additions | 3,500 | 2,336 | 5,836 | |||||||
| Balances | c/f | 300,000 | 3,500 | 2,336 | 305,836 | |||||
| Accumulated | ||||||||||
| ~d | ||||||||||
| Balance b/f | ||||||||||
| Charge for the year | 6,000 | 875 | 467 | 7,342 | ||||||
| Balances | c/f | 6,000 | 875 | 467 | 7,342 | |||||
| Net book | value | |||||||||
| At 30/06/2022 | 294,000 | 2,625 | 1,869 | 298,494 | ||||||
| Debtors | 2022 | |||||||||
| Other Debtors | 3,150 | |||||||||
| 3,150 | ||||||||||
| Creditors | due within 1year | 2022 | ||||||||
| Accruals | 1,700 | |||||||||
| Mortgage | interest | 20,544 | ||||||||
| Other creditors | 4,332 | |||||||||
| 26,576 |
| Balances at | Movement | in Resources | Balances at | ||
|---|---|---|---|---|---|
| 0~1012021 | ~Incomin | ~Ont oin | 3006 2022 | ||
| Unrestricted | funds | 129,192 | 74,108 | (32,392) | 170,908 |
| Restricted funds | |||||
| 129,192 | 74,108 | 32,392 | 170,908 | ||
| 2022 | |||||
| Represented | by: | ||||
| Fixed Assets | 298,494 | ||||
| Current Assets | 43,244 | ||||
| Liabilities | 170,830 | ||||
| 170,908 |
| INCOME | |||
|---|---|---|---|
| Donations, tithes |
and offerings: | ||
| - Unrestricted | 43,267 | ||
| Other income | |||
| Interest receivable | 187 | ||
| Gift aid receivable | 3,150 | ||
| Rental income | 8,400 | ||
| Sundry income | 18,504 | ||
| Building fund | 600 | 30,841 | |
| 74,108 |
| EXPENDITURE | EXPENDITURE | |||
|---|---|---|---|---|
| Direct Charitable Costs: | ||||
| Honorarium | 1,000 | |||
| Welfare support | 900 | |||
| Conferences | and Meetings | 4,774 | ||
| 6,674 | ||||
| Management | ck Support | |||
| Insurance | 1,936 | |||
| Light and heat | 682 | |||
| Telephone | 1,191 | |||
| Depreciation | -Freehold property | 6,000 | ||
| Depreciation | -Fixture 4Furnitures | 875 | ||
| Depreciation | - Computer | Equipment | 467 | |
| Repairs and renewals | 776 | |||
| 11,926 | ||||
| Governance | costs: | |||
| Legal &Professional | ||||
| Accountancy | fees | 1,700 | ||
| 1,700 | ||||
| Finance Costs: | ||||
| Bank charges | 5,500 | |||
| Loan interest | 6,592 | |||
| 12,092 | ||||
| 32,392 |