| PAGE | |
|---|---|
| Charity Information | |
| Trustees Report | 2to 16 |
| Auditor's Report |
17to 19 |
| Statement of FinancialActivities | 20 |
| Balance Sheet | 21 |
| Statement ofcash flow | 22 |
| Notes to the Financial Statements | 23to 30 |
| REGISTERED OFFICE | REGISTERED OFFICE | 45, Tindale Close | |||
|---|---|---|---|---|---|
| Sanderstead | |||||
| South Croydon | |||||
| Surrey. CR2 ORT | |||||
| WEBSITEADDRESS | www. amosbursa | .or | .uk | ||
| TRUSTEES | Colleen Althea Amos | ||||
| Pamela Clarke | |||||
| Richard Butler | |||||
| Sarah Ebanja | |||||
| Stephen Brooks |
|||||
| Hlakanyane Zwambila |
|||||
| BANKERS | National Westminster |
Bank Pic | |||
| Shiley Solhull | |||||
| 231-235,Stratford | Road, | ||||
| Sollhull | |||||
| B90 3AI | |||||
| ACCOUNTANTS | AND | AUDITORS | Adomako Basoah |
&Co. | |
| 45, Tindale Close | |||||
| Sanderstead | |||||
| South Croydon | |||||
| Surrey. CR2 ORT |
| STATEMENT | OF FINANCIAL | ACTIVITIES FOR THE | ACTIVITIES FOR THE | ACTIVITIES FOR THE | YEAR ENDED | 31DECEMBER 2022 | 31DECEMBER 2022 | |
|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||||
| INCOMING | RESOURCES | 2021 | ||||||
| Charitable Activities |
3.1 | 843,792 | 90,000 | 933,792 | 948,967 | |||
| Fund Raising | 3.2 | 161,319 | 0 | 161,319 | ||||
| Investment | income | 3.2 | 1984 | 0 | 1984 | 80 | ||
| 1,007,095 | 90,000 | 1,097,095 | 949047 | |||||
| RESOURCES | EXPENDED | |||||||
| Expenditure | on Raising Funds | 4.1 | 92,851 | 0 | 92851 | 9,558 | ||
| Expenditure | on Charitable | Activitie4 | 4.2.3 | 235,252 | 163,767 | 399,019 | 305,674 | |
| Others | 4.3 | 33892 | 9561 | 43453 | 12 28'7 | |||
| TOTAL RESOURCES USED | 361,995 | 173328 | 535,323 | 327519 | ||||
| Net income | before investment | gains | in the year | 645,100 | (83,328) | 561,772 | 621,528 | |
| INVESTMENT GAINS IN THE | YEAR | |||||||
| NET INCOME FOR THE YEAR | 645,100 | (83,328) | 561,772 | 621,528 | ||||
| BALANCE BROUGHT FORWARD | 1 372538 | 574842 | 1947 380 | 1325852 | ||||
| BALANCE CARRIED FORWARD | 2 017659 | 491514 | 2 509 152 | 1947540 |
| Note | K | E | ||||
|---|---|---|---|---|---|---|
| Total | ||||||
| Unrestricted | Restricted | Total | 2021 | |||
| CURRENT ASSETS | ||||||
| Debtors | 5 | 7,387 | 0 | 7,387 | 7,002 | |
| Bank and cash balances | 6 | ~2030698 | 491,514 | 2,522,212 | 1,950,15S | |
| Total Current Assets | 2,038,085 | 491,514 | 2,529,599 | 1967,160 | ||
| CREDITORS: Amounts due within one year |
falling | 7 | ~20447 | 0 | ~20 447 | ~9780 |
| TOTAL NET CURRENT | ASSETS | ~017638 | ~491 514 | ~2509 152 | ~1947 380 | |
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | ~017638 | 491514 | 2 509152 | 1947380 | ||
| FUNDS | ||||||
| Restricted Funds |
8.1 | 491,514 | 491,514 | 574,842 | ||
| Unrestricted Funds |
8.2 | 2017638 | 0 | 2 017638 | 1 372538 | |
| 2~017638 | ~491 514 | ~2509 152 | ~1947 380 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Net Income for the year | 561,772 | 621,528 | ||
| Returns on Investments | -1984 | -80 | ||
| Net Operating Income |
559,788 | 621,448 | ||
| Increase in Debtors |
-385 | -887 | ||
| Increase in Creditors |
10667 | 891 | ||
| Net cash flow from operating | Activities | 570070 | 621452 | |
| CASH FLOW STATEMENT | ||||
| Net cash flow from operating | Activities | 570,070 | 621,452 | |
| Return on Investments | 1984 | 80 | ||
| INCREASE IN CASH IN THE | YEAR | 572 054 | 621532 | |
| RECONCILIATION OF NET |
CASH FLOW TO | MOVEMENT IN NET FUNDS |
||
| Increase in Cash in the year |
572,054 | 621,532 | ||
| Net Cash balance brought | forward | 1950158 | 1328626 | |
| ~2522 212 | 19tss158 |
| NOTES T | O THE FINANCIAL ST | ATEME | NTS | FOR THE YEA | R ENDED 31,DE | CEMBER 20 | 22 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| ( continued ) |
|||||||||||
| 3 INCOMING RESOURCES |
|||||||||||
| 3.1 Charitable Activities income |
2 | D | 2 | 1 | |||||||
| Unrestricted | Restricted | TOTAL | unrestricte | restricted | Total | ||||||
| Funds | Funds | 2022 | Fund | Fund | 2021 | ||||||
| f | f | ||||||||||
| Donations and Sponsorships |
843792 | ~90 DDD | 933792 | 861058 | 33000 | 894058 | |||||
| 3.2 Fund | Raising | ~161319 | 161319 | 54909 | D | 54909 | |||||
| 3.3 Investment income |
|||||||||||
| Bank Interest | 1,984 | 0 | 1,984 | 80 | 0 | 80 | |||||
| 4 RESOURCES EXPENDED | |||||||||||
| 4.1 EXPENDITURE ON RAISING FUNDS | |||||||||||
| 4.1.1 | DIRECT SPENDING | ||||||||||
| Salaries | 23,211 | 23,211 | 0 | 0 | 0 | ||||||
| Employer National |
Insurance | Contribution | 1,905 | 1,905 | 0 | 0 | 0 | ||||
| Employer Pension |
Contributions | 1,409 | 1,409 | 0 | 0 | 0 | |||||
| Events | 38,060 | 38,060 | 0 | 0 | 0 | ||||||
| Others | 518 65103 |
518 ~65103 |
1078 1078 |
359 359 |
1,437 | ||||||
| 4.1.2 | Governance Costs |
||||||||||
| Audit Fees | 618 | 618 | 0 | 0 | |||||||
| Independent Examination |
fees | 0 | 0 | 156 | 52 | ||||||
| Accountancy Fees |
840 | 840 | 326 | 109 | |||||||
| Consultancy Fees |
15519 | 15519 | 1 541 | 514 | 0 | ||||||
| 16977 | 16977 | 2023 | 675 | 2698 | |||||||
| 4.1.3Other Costs | |||||||||||
| Telephone | 152 | 152 | 15 | 5 | 20 | ||||||
| post, Print and Stationery | 361 | 361 | 118 | 40 | 158 | ||||||
| Marketing | 2,665 | 2,665 | 1,470 | 490 | 1960 | ||||||
| Events | 0 | 1,881 | 627 | 2508 | |||||||
| Insurance | 103 | 103 | 17 | 6 | 23 | ||||||
| Travelling Expenses |
3,999 | 3,999 | 301 | 100 | 401 | ||||||
| Training | 2,674 | 2,674 | 187 | 62 | 249 | ||||||
| Sundry expenses | 817 10771 |
817 ~10771 |
78 4067 |
26 1356 |
104 5423 |
||||||
| 4.1.4 SUMMARY OF EXPENDITURE | ON | RAISING FUNDS | |||||||||
| Direct Spending | 65,103 | 0 | 65,103 | 1078 | 359 | 1437 | |||||
| Support for raising funds | |||||||||||
| Governance | 16,977 | 0 | 16,977 | 2023 | 675 | 2698 | |||||
| Others | 10771 | 0 | 10771 | 4067 | 1356 | 5423 | |||||
| 92851 | 0 | 92851 | 7168 | 2390 | 9558 | ||||||
| 4.2 EXPENDITURE ON CHARITABLE | ACTIVITIES | ||||||||||
| 4.2.1 | DIRECT SPENDING | ||||||||||
| Student Bursary and Training | 28,500 | 40,700 | 69,300 | 28,620 | 33,000 | 61,620 | |||||
| Wages and Salaries | 85,623 | 49,022 | 134,545 | 84,536 | 28,179 | 112,715 | |||||
| Employer National |
Insurance | 8,620 | 2,432 | 11,052 | 5,929 | 1,976 | 7,905 | ||||
| Employer Pension |
Contributions | 6373 | 1798 | 8171 | 2597 | 856 | 3463 | ||||
| 129216 | 93952 | 223 168 | 121682 | 64021 | 185703 | ||||||
| page 26 |
| ( continued | ( continued | ) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 0 | 2 | 1 | ||||||||||
| Unrestricted | Restricted | TOTAL | unrestricte | restricted | Total | ||||||||
| Funds | Funds | Fund | Fund | Fund | 2021 | ||||||||
| 2021 | |||||||||||||
| f | f | ||||||||||||
| 4.2.2.1 | SUPPORT | FOR CHARITABLE | |||||||||||
| ACTIVITIES | |||||||||||||
| 4.2.2.2 | Governance | costs | |||||||||||
| Auditors Fees | 2,794 | 788 | 3,582 | 0 | 0 | 0 | |||||||
| Independent | Examination | fees | 0 | 0 | 0 | 2,544 | 848 | 0 | |||||
| Accountancy | Fees | 3,800 | 1,072 | 4,872 | 5,308 | 1,769 | 7,077 | ||||||
| Consultancy | Fees | 50,815 | 39,204 | 90,019 | 25,093 | 8,365 | 33,458 | ||||||
| Legal Fees | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Bank Charges | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 57409 | 41064 | 98473 | 32945 | 10982 | 40535 | ||||||||
| 4.2.2.3 | Others | ||||||||||||
| Computer Support |
2,085 | 588 | 2,573 | 0 | 0 | 0 | |||||||
| Telephone | 689 | 195 | 884 | 250 | 83 | 333 | |||||||
| Post, Print and Stationery | 1,633 | 451 | 2,094 | 1,931 | 544 | 2,575 | |||||||
| Marketing | 12,059 | 3,401 | 15,460 | 23,938 | 7,980 | 31,918 | |||||||
| Events | 31,697 | 23,975 | 55,672 | 30,632 | 10,210 | 40,842 | |||||||
| Insurance | 464 | 131 | 595 | ~22 | 94 | 376 | |||||||
| 48 627 | 28751 | 77378 | 57033 | 19011 | 76 044 | ||||||||
| 4.2.3 | SUMMARY | OF EXPENDITURE ON | CHARITABLE ACTIVITIES | ||||||||||
| Direct Spending | 129,216 | 93,952 | 223,168 | 121,682 | 64,021 | 185,703 | |||||||
| Support for | charitble | activites | |||||||||||
| Governance | 57,409 | 41,064 | 98,473 | 32,945 | 10,982 | 43,927 | |||||||
| Others | 48627 | 28 751 | 77378 | 57033 | 19011 | 76044 | |||||||
| 235252 | 163767 | 399019 | 211660 | 94014 | 305674 | ||||||||
| 4.3 | OTHERS | ||||||||||||
| Travelling Expenses |
18,095 | 5,103 | 23,198 | 4,895 | 1,632 | 6,527 | |||||||
| Training | 12,098 | 3,412 | 15,510 | 3,047 | 1,015 | 4,062 | |||||||
| Commission | and Fees | 1,917 | 542 | 2,459 | 0 | 0 | 0 | ||||||
| Sundry expenses | 1 782 | 504 | 2 286 | 1 274 | 424 | 1 698 | |||||||
| 33892 | 9561 | 43453 | 9216 | 3071 | 12287 |
| 9 | DETAILED RESTRICTED FUNDS |
DETAILED RESTRICTED FUNDS |
DETAILED RESTRICTED FUNDS |
DETAILED RESTRICTED FUNDS |
DETAILED RESTRICTED FUNDS |
DETAILED RESTRICTED FUNDS |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Receipts | Expended | Total | Total | ||||||
| B/fwd | in the | in the | carried | carried | ||||||
| year | year | forward | forward | |||||||
| 2022 | 2021 | |||||||||
| The "Girls" Project | 555,242 | 0 | -80,328 | 474,914 | 555,242 | |||||
| Under Graduate | Work | 9,000 | 25,000 | -28,000 | 6,000 | 9,000 | ||||
| AB Conference | 0 | 15,000 | -15,000 | 0 | 0 | |||||
| Public Speaking | 10,600 | 30,000 | -30,000 | 10,600 | 10,600 | |||||
| Leadership | Project | 0 | 20000 | -20 000 | 0 | 0 | ||||
| ~574842 | ~90000 | -173328 | 491514 | ~574842 | ||||||
| 10 | DETAILS OF CERTAIN | ITEMS OF | EXPENDITURE | |||||||
| Unrestricte | Restricted | Total | Tota I | |||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Audit Fees | 3,412 | 788 | 4,200 | 0 | ||||||
| Independent | Examination | 0 | 0 | 3,600 | ||||||
| Accountancy | charges | 4640 | 1072 | 5712 | 7512 | |||||
| 8052 | 1860 | 9912 | 11112 | |||||||
| 11 | PAID | EMPLOYEES | ||||||||
| Unrestricte& | Restricted | Tota I | ||||||||
| 2021 | ||||||||||
| 11.1 | f | E | E | f | ||||||
| Salaries and | Wages | 108,834 | 49,022 | 157,856 | 112,715 | |||||
| Employers | Pension Contribution | 7,782 | 1,798 | 9,580 | 3,463 | |||||
| Employers | National | Insurance | 10525 | 2 432 | 12957 | 7 905 | ||||
| 127141 | ~53252 | 180393 | 124083 | |||||||
| Average number | of | employees | ||||||||
| Number | of employees | receiving | total benefits |
|||||||
| (excluding employer | pension costs) for the year | |||||||||
| f60,000tof69,999 | 1 |
| NOTES T | O THE FINANCIAL STATEMENTS FO |
O THE FINANCIAL STATEMENTS FO |
O THE FINANCIAL STATEMENTS FO |
O THE FINANCIAL STATEMENTS FO |
R THE YEAR | ENDED 31,D | ECEMBER 2022 (Continued) |
|---|---|---|---|---|---|---|---|
| 13 | RELATED PARTY TRANSACTIONS | ||||||
| TRUSTEES REMUNERATIONS | AND BENEFITS | ||||||
| 13.1 | |||||||
| NAME | LEGAL | Remuneration | Redundancy | TOTAL | |||
| AUTHORITY | Pension | Others | |||||
| Colleen | Governing | ||||||
| Althea | document | ||||||
| Amos | |||||||
| E63,930 | E3,835 | NIL | NIL | E67,765 | |||
| 13.2 | |||||||
| 2022 | 2021 | ||||||
| Average | Number ofTrustees receiving Salary | and | |||||
| Remuneration | |||||||
| 13.3 | TRANSACTION WITH RELATED PARTIES |
||||||
| NAME | RELATIO | DESCRIPTI AMOUNT | BALANCE AT YEAR END | ||||
| NSHIP | ON OF | ||||||
| TO THE | TRANSAC | ||||||
| CHARITY | TION | ||||||
| Colleen | Trustee | Salary | E63,930 | NIL | |||
| Althea | |||||||
| Amos |