Esthers for the Nations 12 Conqueror Court Sittingbourne Kent ME10 5BH Phone 03333392024
A Note for Charity Commission
Please note
Due to an administrative error this bank account is no longer used by EFTN. EftN is in the process of opening a different bank account and you will be informed of the new details as soon as we have them.
Yours Sincerely
Florence Sutherland on behalf of Trustees
Esthers for the Nations | A woman of strength and dignity called for such a time as this Find out More
Registered Charity in England and Wales Charity number 1182748 Phone 03333392024 www.esthersforthenations.org.uk
17 St Margaret’s Crescent, Gravesend, DA12 4EJ office@thevineaccounting.com www.thevineaccounting.com 078 6481 3717
Ms Florence Sutherland 181 Napier Road Gillingham ME7 4HN Esthers For the Nations
29 November 2021
Dear Florence ,
Accounts for Period ended 31/03/2021
Please find attached final accounts for Esthers For the Nations for the period ended 31/03/2021 [including filleted/abbreviated accounts if appropriate].
Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
Fego Aligboro
1 of 1
Esthers For the Nations
Charity No. 1182748
Trustees' Report and Unaudited Accounts
31 March 2021
Esthers For the Nations Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 14 |
| Detailed Statement of Financial Activities | 15 to 16 |
Page 1
Esthers For the Nations Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1182748
Trustees
The following Trustees served during the year:
A. Hubbard (Resigned 30 September 2020) A.N. Mafemera L.K.M. Pswarayi F.G. Sutherland
Accountants
The Vine Accounting Ltd 17 St Margaret's Crescent Gravesend DA12 4EJ
OBJECTIVES AND ACTIVITIES
To advance the Christian faith for the benefit of the public in accordance with our statements of belief appearing and to relieve the needs of the community in the united kingdom and overseas.
EFN is a Christian organisation made up of women from the BMEA communities. The aim of the organisation is to offer spiritual, physical, emotional and financial support wherever possible. With the recent pandemic we have found ourselves working around issues of rest, because people have been harassed due to the goings on in the nation as well as in families. In order to effectively achieve this we have paid for counselling for women, families and groups with the aim of aiding emotional and mental recovery while building resilience in individuals and families.
We also had opportunity to hold conferences on Domestic Abuse followed by support groups that explored the subject. The purpose of the seminar was to raise awareness of what abuse is. How to recognise it and how to seek help. This led to identification, naming and empowering which led to some women recognising the abuse.
The Lottery Fund was paid in the 2020 – 2021 carried forward to 2021-2022 financial year and this enabled us to update our website and to buy a laptop for the voluntary finance administrator.
We held Zoom conferences on healing and testimonies definitely were there. In the last year we have been blessed in that we have managed to establish consistent prayer meetings every day at 6 – 7am and 9-10pm except Saturday and Sunday. This has given opportunities for several women to lead prayer meetings, teach from the Bible and become confident in the giftings that they have leading to a sense of achievement and self-worth as they recognise that God would use them too regardless of who they are.
The outcome of the activities of this year which include conferences are in line with our mission statement that seeks to build women of strength and dignity as we recognise emotional and mental health are critical to building resilience, confidence and sustainability of life and purpose.
Page 2
Esthers For the Nations Trustees Annual Report
We recognise the need to reach out and help others especially in these difficult times as long as it is in line with our objectives.
We did not operate at our best due to Lockdowns and getting to grips with the new normal that had just been introduced by nature. We finally found our way around living in Covid-19. Therefore, we want to believe that we will have more to offer in 2022.
We had further funding for counselling from the County Specialists Women’s Charity. They donated £2500 in 2019 on 17 November.
We have also had an opportunity to employ an administrator on a voluntary basis as well as welcome two new Directors to the Board namely Tapiwa Madovi and Peter Keane. We welcome their presence and what they bring to the Trustees Board. We also welcome Nyasha Magwanyamwanya our volunteer for Admin and Finance.
Education
We continue to support Hilda with her school needs. She is now 12 and we have been supporting her since she was 8.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
F.G. Sutherland Trustee 08 November 2021
Page 3
Esthers For the Nations Independent Examiners Report
Independent Examiner's Report to the trustees of Esthers For the Nations
I report to the trustees on my examination of the accounts of Esthers For the Nations for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
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'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity'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.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those 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.
Fego Aligboro ACCA The Vine Accounting Ltd 17 St Margaret's Crescent Gravesend
DA12 4EJ 08 November 2021
Page 4
Esthers For the Nations Statement of Financial Activities
for the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds 2021 £ 5,080 315 - |
Restricted funds 2021 £ - - 10,000 |
Total funds 2021 £ 5,080 315 10,000 |
Total funds 2020 £ 11,367 7,980 2,677 |
|---|---|---|---|---|
| 5,395 2,300 2,917 2,668 |
10,000 - - 715 |
15,395 2,300 2,917 3,383 |
22,024 7,329 3,558 8,025 |
|
| 7,885 - |
715 - |
8,600 - |
18,912 - |
|
| (2,490) - |
9,285 - |
6,795 - |
3,112 - |
|
| (2,490) | 9,285 | 6,795 | 3,112 | |
| (2,490) 3,112 |
9,285 - |
6,795 3,112 |
3,112 - |
|
| 622 | 9,285 | 9,907 | 3,112 |
Page 5
Esthers For the Nations Balance Sheet
at 31 March 2021
| Charity No. 1182748 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Restricted income funds Unrestricted funds 11 General funds Reserves 11 Total funds |
2021 £ 10,507 10,507 (600) 9,907 9,907 9,907 9,907 9,285 9,285 622 622 9,907 |
2020 £ 3,712 |
|---|---|---|
| 3,712 (600) |
||
| 3,112 3,112 |
||
| 3,112 | ||
| 3,112 | ||
| - | ||
| - 3,112 |
||
| 3,112 | ||
| 3,112 |
Approved by the trustees on 08 November 2021
And signed on their behalf by:
F.G. Sutherland Trustee 08 November 2021
Page 6
Esthers For the Nations Notes to the Accounts
for the year ended 31 March 2021
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Esthers For the Nations Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
Esthers For the Nations Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
Esthers For the Nations
Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 3 Income from donations and legacies 4 Income from charitable activities |
Unrestricted £ 5,080 5,080 Unrestricted £ 315 - 315 |
Unrestricted funds 2020 £ 11,367 8,032 2,677 22,076 7,329 3,558 8,025 18,912 3,164 3,164 3,164 3,164 Total 2021 £ 5,080 5,080 Total 2021 £ 315 - 315 |
Total funds 2020 £ 11,367 8,032 2,677 |
| 22,076 7,329 3,558 8,025 |
|||
| 18,912 | |||
| 3,164 | |||
| 3,164 | |||
| 3,164 | |||
| 3,164 | |||
| Total 2020 £ 11,367 |
|||
| 11,367 | |||
| Total 2020 £ 6,980 1,000 |
|||
| 7,980 |
Page 10
Esthers For the Nations Notes to the Accounts
5 Other income
| 6 Expenditure on raising funds Costs of generating voluntary income Fundraising trading costs 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure Motor and travel costs General administrative costs Legal and professional costs |
Unrestricted £ - - 1,208 1,460 2,668 |
Restricted £ 10,000 - - 10,000 |
Total 2021 £ 10,000 - - 10,000 |
Total 2020 £ 977 4 1,696 |
|---|---|---|---|---|
| 2,677 | ||||
| Unrestricted £ 2,300 - 2,300 Unrestricted £ 450 2,467 2,917 Restricted £ - - 715 - 715 |
Total 2021 £ 2,300 - 2,300 Total 2021 £ 450 2,467 2,917 Total 2021 £ - - 1,923 1,460 3,383 |
Total 2020 £ 5,829 1,500 |
||
| 7,329 | ||||
| Total 2020 £ 1,072 2,486 |
||||
| 3,558 | ||||
| Total 2020 £ 1,928 3,128 1,949 1,020 |
||||
| 8,025 |
9 Staff costs
No employee received emoluments in excess of £60,000.
Page 11
Esthers For the Nations Notes to the Accounts
10 Creditors:
| amounts falling due within one year Other creditors |
2021 £ 600 600 |
2020 £ 600 |
||
|---|---|---|---|---|
| 600 | ||||
| 11 Movement in funds Restricted funds: Restricted income funds: Sister Act Project Total Unrestricted funds: General funds Revaluation Reserves: Total funds |
At 1 April 2020 - - 3,112 3,112 |
Incoming resources (including other gains/losses ) £ 10,000 10,000 5,395 15,395 |
Resources expended £ (715) (715) (7,885) (8,600) |
At 31 March 2021 £ 9,285 |
| 9,285 | ||||
| 622 | ||||
| 9,907 |
Purposes and restrictions in relation to the funds: Restricted funds: Sister Act Project The project will bring women from diverse and have serious levels of low self-esteem
12 Analysis of net assets between funds
| 12 Analysis of net assets between funds | |||
|---|---|---|---|
| Net current assets 13 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ 622 622 At 1 April 2020 £ |
Restricted funds £ 9,285 9,285 Cash flows £ |
Total £ 9,907 |
| 9,907 | |||
| At 31 March 2021 £ |
|||
| 3,712 | 6,795 | 10,507 | |
| 3,712 3,712 |
6,795 6,795 |
10,507 | |
| 10,507 |
Page 12
Esthers For the Nation$ Note$ to the A¢¢ounl$ Page 13
Esthers For the Nations Statement of Cash flows for the year ended 31 March 2021
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2021 £ 6,795 (10,000) - (3,205) 10,000 10,000 - 6,795 3,712 10,507 |
2020 £ 3,164 (2,677) 600 |
|---|---|---|
| 1,087 2,677 |
||
| 2,677 | ||
| - | ||
| 3,764 | ||
| - | ||
| 3,764 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 10,507 | 3,712 |
| 10,507 | 3,712 |
Page 14
Esthers For the Nations Detailed Statement of Financial Activities
for the year ended 31 March 2021
| Income and endowments from: Donations and legacies Charitable activities Other Total income and endowments Expenditure on: Costs of generating donations and legacies Costs of other trading activities Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Other expenditure Travel and subsistence General administrative costs, including depreciation and amortisation Bank charges |
Unrestricte d funds 2021 £ 5,080 5,080 315 - 315 - - - - 5,395 2,300 2,300 - - 2,300 450 2,467 2,917 2,917 - - - - - |
Restricted funds 2021 £ - - - - - 10,000 - - 10,000 10,000 - - - - - - - - - - - - - - |
Total funds 2021 £ 5,080 5,080 315 - 315 10,000 - - 10,000 15,395 2,300 2,300 - - 2,300 450 2,467 2,917 2,917 - - - - - |
Total funds 2020 £ 11,367 |
|---|---|---|---|---|
| 11,367 | ||||
| 6,980 1,000 |
||||
| 7,980 | ||||
| 977 4 1,696 |
||||
| 2,677 | ||||
| 22,024 5,829 |
||||
| 5,829 | ||||
| 1,500 | ||||
| 1,500 | ||||
| 7,329 1,072 2,486 |
||||
| 3,558 | ||||
| 3,558 1,928 |
||||
| 1,928 | ||||
| 3,128 | ||||
| 3,128 | ||||
| 15 |
Page 15
Esthers For the Nations
Detailed Statement of Financial Activities
| Equipment expensed General insurances Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
85 162 308 124 450 79 1,208 600 860 1,460 2,668 7,885 - (2,490) (2,490) - (2,490) 3,112 622 |
715 - - - - - 715 - - - 715 715 - 9,285 9,285 - 9,285 - 9,285 |
800 162 308 124 450 79 1,923 600 860 1,460 3,383 8,600 - 6,795 6,795 - 6,795 3,112 9,907 |
- 157 688 421 450 218 |
|---|---|---|---|---|
| 1,949 | ||||
| 700 320 |
||||
| 1,020 | ||||
| 8,025 | ||||
| 18,912 - |
||||
| 3,112 | ||||
| 3,112 - |
||||
| 3,112 | ||||
| - | ||||
| 3,112 |
Page 16