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
24 January 2023
Dear Florence ,
Accounts for Period ended 31/03/2022
Please find attached final accounts for Esthers For the Nations for the period ended 31/03/2022 [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 2022
Esthers For the Nations Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
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 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1182748
Trustees
The following trustees served during the year:
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 all walks of life though the majority are from the BME communities. The aim of the organisation is to offer spiritual, physical, emotional, and any other visible support within our aims and objectives wherever possible. With the recent pandemic we have found ourselves working around issues of rest, mental health and resilience.
These have been achieved through conferences, zoom meetings, one-to-one pastoral care. We have supported people to access counselling through qualified Counsellors 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 are currently looking at Ashburnham or High Leigh for their availability for our 2024 residential Annual Conference. We are also actively looking at other venues. Once we have a venue confirmed we will inform the members. We have decided to forward plan to enable everyone who wants to come to be able to pay on a monthly basis.
In 2021, fifty ladies went to High Leigh for the Annual Conference. This weekend dealt with rest, recover, reset and reconnect. It was useful for people to come away after an eventful season of sickness, loss and pain.
FINANCIAL REVIEW
On 15th March, 2019 the company (Esthers For The Nations Ltd.) was voluntarily dissolved which led the bank to close the company's bank account, which had cash balance of £10,243. Since then the Trustees have had to loan money to Esthers to enable the Charity to meet ongoing existing commitments. The trustees have loaned the Charity money. The Directors of loans is attached.
Page 2
Esthers For the Nations
Trustees Annual Report
Bank statements have been provided to the accountant. These reflect the activities in the account up to the closure.
We have been trying to open a Charity Bank Account and until we have the Company reinstated we will not be able
PLANS FOR FUTURE PERIODS
We have planned a Winter Watch from 13- 15.1.23 at Ashburnham. This is a residential activity and it will be our Annual Conference.
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 20 January 2023
Page 3
Esthers For the Nations Statement of Financial Activities
for the year ended 31 March 2022
| 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 (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Restricted funds |
Total funds | Total funds | |
|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 5,458 | - | 5,458 | 5,080 | ||
| - | - | - | 315 | ||
| - | - | - | 10,000 | ||
| 5,458 | - | 5,458 | 15,395 | ||
| 4,837 | - | 4,837 | 2,300 | ||
| - | 3,349 | 3,349 | 2,917 | ||
| 1,237 | - | 1,237 | 3,383 | ||
| 6,074 | 3,349 | 9,423 | 8,600 | ||
| - | - | - | - | ||
| (616) | (3,349) | (3,965) | 6,795 | ||
| - | - | - | - | ||
| (616) | (3,349) | (3,965) | 6,795 | ||
| (616) | (3,349) | (3,965) | 6,795 | ||
| 622 | 9,285 | 9,907 | 3,112 | ||
| 6 | 5,936 | 5,942 | 9,907 | ||
Page 4
Esthers For the Nations Balance Sheet
at 31 March 2022
| 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 |
2022 £ 10,243 10,243 (4,301) 5,942 5,942 5,942 5,942 5,936 5,936 6 6 5,942 |
2021 £ 10,507 |
|---|---|---|
| 10,507 (600) |
||
| 9,907 9,907 |
||
| 9,907 | ||
| 9,907 | ||
| 9,285 | ||
| 9,285 622 |
||
| 622 | ||
| 9,907 |
Approved by the trustees on 20 January 2023
And signed on their behalf by:
F.G. Sutherland Trustee 20 January 2023
Page 5
Esthers For the Nations Notes to the Accounts
for the year ended 31 March 2022
- 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 6
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 7
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 8
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 brought forward Total funds carried forward 3 Income from donations and legacies 4 Income from charitable activities |
Unrestricted funds 2021 £ 5,080 315 - 5,395 2,300 2,917 2,668 7,885 (2,490) (2,490) (2,490) 3,112 622 Unrestricted £ 1,457 4,001 5,458 |
Restricted funds 2021 £ - - 10,000 10,000 - - 715 715 9,285 9,285 9,285 - 9,285 Total 2022 £ 1,457 4,001 5,458 Total 2022 £ - - |
Total funds 2021 £ 5,080 315 10,000 |
| 15,395 2,300 2,917 3,383 |
|||
| 8,600 | |||
| 6,795 | |||
| 6,795 | |||
| 6,795 3,112 |
|||
| 9,907 | |||
| Total 2021 £ 5,080 - |
|||
| 5,080 | |||
| Total 2021 £ 315 |
|||
| 315 |
Page 9
Esthers For the Nations Notes to the Accounts
5 Other income
| 6 Expenditure on raising funds Costs of generating voluntary income 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure General administrative costs Legal and professional costs 9 Staff costs No employee received emoluments in excess of £60,000. 10 Creditors: amounts falling due within one year Loans from trustees Other creditors |
Unrestricted £ 1,894 2,943 4,837 Restricted £ 3,349 - 3,349 Unrestricted £ 371 866 1,237 2022 £ 3,901 400 4,301 |
Total 2022 £ - - |
Total 2021 £ 10,000 |
|---|---|---|---|
| 10,000 | |||
| Total 2022 £ 1,894 2,943 4,837 Total 2022 £ 3,349 - 3,349 Total 2022 £ 371 866 1,237 |
Total 2021 £ 2,300 - |
||
| 2,300 | |||
| Total 2021 £ 450 2,467 |
|||
| 2,917 | |||
| Total 2021 £ 1,923 1,460 |
|||
| 3,383 | |||
| 2021 £ - 600 |
|||
| 600 |
Page 10
Esthers For the Nations Notes to the Accounts
11 Movement in funds
| Movement in funds | ||||
|---|---|---|---|---|
| Restricted funds: Restricted income funds: Sister Act Project Total Unrestricted funds: General funds Total funds |
At 1 April 2021 9,285 9,285 622 9,907 |
Incoming resources (including other gains/losses ) £ - - 5,458 5,458 |
Resources expended £ (3,349) (3,349) (6,074) (9,423) |
At 31 March 2022 £ 5,936 |
| 5,936 | ||||
| 6 | ||||
| 5,942 |
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
| Net current assets 13 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ 6 6 At 1 April 2021 £ |
Restricted funds £ 5,936 5,936 Cash flows £ |
Total £ 5,942 |
|---|---|---|---|
| 5,942 | |||
| At 31 March 2022 £ |
|||
| 10,507 | (264) | 10,243 | |
| 10,507 10,507 |
(264) (264) |
10,243 | |
| 10,243 | |||
Page 11
Esthers For the Nations Statement of Cash flows for the year ended 31 March 2022
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Increase in trade and other payables Net cash used in operating activities Net cash from investing activities Net cash from financing activities Net (decrease)/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 |
2022 £ (3,965) 3,701 (264) - - (264) 10,507 10,243 |
2021 £ 6,795 - |
|---|---|---|
| (3,205) | ||
| 10,000 | ||
| - | ||
| 6,795 | ||
| 3,712 | ||
| 10,507 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 10,243 | 10,507 |
| 10,243 | 10,507 |
Page 12
Esthers For the Nations Detailed Statement of Financial Activities
for the year ended 31 March 2022
| Income and endowments from: Donations and legacies Charitable activities Other Total income and endowments Expenditure on: Costs of generating donations and legacies Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation 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 |
Unrestricte d funds 2022 £ 1,457 4,001 5,458 - - - - 5,458 1,894 2,943 4,837 4,837 - - - - - 142 200 - - 29 371 400 |
Restricted funds 2022 £ - - - - - - - - - - - - 3,349 - 3,349 3,349 - - - - - - - - |
Total funds 2022 £ 1,457 4,001 5,458 - - - - 5,458 1,894 2,943 4,837 4,837 3,349 - 3,349 3,349 - 142 200 - - 29 371 400 |
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 | ||||
| 2,917 800 162 308 124 450 79 |
||||
| 1,923 | ||||
| 600 |
Page 13
Esthers For the Nations
Detailed Statement of Financial Activities
| Esthers For the Nations Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
466 866 1,237 6,074 - (616) (616) - (616) 622 6 |
- - - 3,349 - (3,349) (3,349) - (3,349) 9,285 5,936 |
466 866 1,237 9,423 - (3,965) (3,965) - (3,965) 9,907 5,942 |
860 |
| 1,460 | ||||
| 3,383 | ||||
| 8,600 - |
||||
| 6,795 | ||||
| 6,795 - |
||||
| 6,795 | ||||
| 3,112 | ||||
| 9,907 |
Page 14