Registered number CE021788 THE EXCLUSIVE LADIES Report and Accounts 28 February 2023
THE EXCLUS LADIES (Company Limited by Guarnnleel (Registration number. CE021n81 (Charity rngistrntl. 1189404 REPORT AND ACCOUNTS 28 FEBRUARY 2023 THE EXCLUSNE LADIES REFERENCE AND ADMINISTPATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2023 Thch Ai f)MIlb u a cfmp•ny limit•J guarnnloe and uThJer Ihg dwrity c(ThniJ•i ol ErK1 Wokn1. Gov•rnkng do¢um•nl Th Charity w ellab"S under a nwmorBndum of a58tici•ts)n otpct4 •rJ Po Ihat •r• g¢Y4•med urthr rf8 8dop¢•# •rtth• Company HOU r•gkntratk>n CE(Q1788 ¢h•dty R•g411on 1189405 Prfn¢ll pl•c• ol bu•ln••# 18 Tyr Grth• Dartfor K•nl DA15HQ Rg9l•t•rgd offl 18 Tyler Grobv Darttord Kgnl DA15HQ ¥g¢r•tyry Tru•t• tJufvnmik)L4 B•n*Jo1o Lllzy Jumrae E8$ Cectho Abosede Cio Bank•rn LW$ Bank EG2V 7HN Ind•pond•nt Examln•r Slth 378, The knnk, 49 Effra Ro¥l. LoTrS)n. SW2 1BZ
THE EXCLUSIVE LADIES DIRECTORS. AND TRUSTEES. REPORT The trustee's present their report tcrfJetherwith the accA)unts for the y ended 28 February 2023 PRIMCIPAL ACTivrrf AND RESULTS FOR THE PERIOD The charity is C(trtUted as a rnpanY limited by guarar)tse 8Tht18 therefore wmgd by a mwnorandum and artlclo8 of a8srAatson. The prinPaI ac¢ivth'es of tho charty during the year is to supwt thè needy in our society, ,bring comfort to eldw1y, disabled, sh¢¥ and give back h)ve to those in need. We, Th• Exclusive Ladies care 80 much as one of our gv)als is lo be there for the motherfess. The tru8tees report ensu8 that the charty L8 publically acsxmtsb for the stewardship and management of the fiJnds it holds on trust. Thelr report provides a fair and baL7nced review of the chanV$ structure, obSth08, legal purposes, financial position. The tTUStees reports also refiects the finantyal perfomiance. It provide$ relevant infonnalion detailing h¢Jw th.1 and achievements reported with the s(YJTee8 of Incom& u8•d to finarce them and the expenditure incurred on th088 activitigs. The ¢h4rty is a non-profft m•kn'ng organisatK)n arKI Its operatsn8 fvnded mainly by il'$ mombgrs The resutt8 for th• pervA are given in attaC1d aco>urts. Thè charty doe5 not have a share Capital. The IF8bility of its membern limrted by guarantèè. Any 8urplu8 is ratsird lo fUrtr its activibes. TRU8TEE8 Th• tru$t••¥ who wveil during the period arKI at tho dote of this rewt were.. Adgbimpe Elizabeth Addowo Olufunmilola Bamidele AderirKJkun Lizzy Jumoke Esho Cecilia Abosede Oldeye All the trustee8 are member8 olthe charlty aThJ guarantee to cLvrtribule a sum exceeding £10.00 lo the assets of the eompany in the event of rt wound . as al 28 Fèbruary 2023, Ire were 4 memberB. METHOD OF APPOINTMENT OF TRUSTEES Board members are generalty nominated and then electsj at general meeting based on their ba¢*grourKI. expenence and relanCe lo the chanty's objèctwes. When a vacancy arises ¢)n the board and a skill is Hlentrfled. nominee5 may then be nominated lo the boord. Indu¢tion of new board members are conducted pn(K lo them tskn.ng up the apwntr7)ent.
THE EXCLUSIVE LADIES DIRECTORS. AND TRUSTEES. REpoKr IcoKrD.) ACHIEVEMENTS The charty and ivs work have continued to be supportive of the needy in our comrnunty espe¢ialty, we are also encouraging friends to support our vision for specffic project vIb.es. Our expend¢lure mainty compnses of giving in funds in fcrfm gifts esla1 on imFQrtant occassions, presents and food to mention a fthv. The trustees dis¢usse(l and set up a Welfare fund vthich memters contribule inb for their benefit in limes of need. A lol of memb8rs were SUPFQrted in b'mes of bereavement, birth, marrrdge. financrdl hardships and in sicknesses. With regards to the next stage of the Charlty, the plan To develop the outre&h programme through various •Jvertising campaigns in the community by working wth local authorities can provide more Infomiatron that enable us to be effeth've in the community. For example, yOL¢lh programme. To develop a WKle ranging activities, to eNJage youth especialty motherless and. fathedess in our communty by bein9 thore for them. To work towards a more wmanent p*e of get together.
SMALL COMPANY RULES This report has been py>ar•J kn Oct) ith th8 Prrylsbns In P•t 15 ofthe Comp8nles Act 2C applble to coThynigs suLyect to the small cerfnpanies wir THE EXCLUSIVE LADIES The Charity has a polky of dNeTsitsThJ th lunthiTh3 b. This is lo ensurts that the chonty ha& adequate reScrttr to ¢ary out Ils g081$. Flr¢andal checks and balances are In place to prevent dettct fraud and any other ITregularibes. The INj8te recetV8 regular finan reporls to th&m to monitor the chanlV8 In¢ome and expenditurn a¢¢ordwy ts tha diwfty commh¥Jnor¥ wle8. RE8ERVES POUCY The Charty Co¥nmi88ion racommends that rgBWVe8 must not exceod 8 months, of expenditufe. T current b818nce of re88ry88 18 th trn the recommended w)unt. Howèver tho truste•$ a of the opinion that the levd 1$ 8d•qual• 10 8U8twn the ¢harfty• operation•. STATEMENT OF THE TRUSTEES. RESPONSI8IUTIES Tha truste•i ¥f• required by lawto prnpafy finandal statements for each ffn?ncLg1 year which give 8 tr ¥nd f4ir vltw oftha ststs of aff81r8 of the chartty and of rt8 T88uh8 for that year. In prwarfng those flnpAKi81 tht•m•nts Ihe tnwtetsB arn requk•J to.. a•lad iurtabl• a¢TrIng Ixllcl•• and apF4y thwn con818t•nYy: bl moke ludgmonts 8ThJ 68Um•t•s that arn rea80nab and prudent., stale whglh¢r the poliue8 adopled are In actThd8nc V•ith ap1¢able aceounling st8nd8rls. 8uble¢t to any material dap0j8 di8ck)8ed and explained in the fin8naal statements.. prnpar• th• financial statemants on a gdng o)ncm basls unle83 It IB inapproprknt• to 4$4um• that lh8 thgrty 11 cDntknu• In OFWg1fj0n," The Iwslett 8r• mpons1b for k98plng proper coUntg record8 d18do8• wlth r•a8onable awJTgCy at any th8 ffinandal p08ttion of the Charity arKI enab them to 8n8ure that the flnan¢i81 ststerrents compty th thg Comp¥nip8 Act 1985. They are 8180 responsible for saleguarding the a888ts of the chaiity and henc& for taklng r88son8bl• stgps for the prevention and deteclitin of fraud and other irfggul8riti"08. By th• or(1or ofth• boa Olufunmllola 8amidelg Ad•rtnokun Secretary
Indgpendgnt •xamlnerf• rwrttoth• Inffjt ol THE EXCLUSDIE LADIES lor th• y•ar •nd•d 28 Fobrnary 2023 I roport on the ofthe coThyany ts the JweTrJed 28 F&Jnwy 2023 are 801 outonpages6to 11. Respocllvo responslbllliS08 of In and examlner The Iru$tees are responsibb for the preparab'on of ts aKcounts. Tho trustaas wnsKJ$r that an audit not wuir•J for thè y•ai undor s8ct)n 144(21 ol thè Ch•ribe$ Ad 2011 (the 2011 Act) aThJ that an ifvnd8nl wminab"M 1$ nsow. Hawro SatsT my88lfthotthe thartty not 8ubprt to awlit undW¢¢8nY l• aTrJ for ndep8Th#&ntwminth'on, tt 1$ my re$poW)1 to.. •xamln• th• 8cuunts Uj¢r 80¢kn 145 01tt 2011 P lo lollow thtr prOlUr•S laid dcMn in the gerra1 gfvon byll Chwty Comm188KJn undor 8athon 14515llbl oftt 2011 Ad and to 818ts parbculw matterB corrffj to my 8ttenlty) Ba•l• ol Ind•p•nd•nt •x•mln•rf• r•port My OK8min•tln w88 car arw1dan Iwth general Di1n8 gwl by Ch•rty Comrnl68ion An •x8mln8tlon Ind488 a ol th• accovth"rwJ rocords kopt by th8 charty and a eompariaon ol t 4¢¢our5ts pr•8•ntsJ wilh th080 rrdS 11 o1$0 indLwJ•s consk48fth.on ol any unusual it•m8 or dis¢loums in th• •ccounts, s•eknJYJ è)planabon8 from you a8 eoncrnlng arty such m#tt•rs. Ttr proc•durg8 uTrJertaken do not prwd• all thè thot would be required in an audit and cons8quonty no OnIOn i8 given as to thelher the acxounts pr4s8nt a'truo and fair vi 8ThJ th8 rw is limit•J to m8tt8f8 sot ¢yJt in th• statamont Ind•p•nd•nt •xamln•rf• •t•l•rn•nl In connoctlon rny •xomingty'on, no ho8 C< b) my gltwkn." 111 which gbves me reason8bl8 C8LL8• to that in any rn8tsn th• wuirements.. to keep accountiro rer¥)rd8 in ac£ordar 8ecthcffi 386 oftho Compani08 Ac 2(Th'. to pr•par• a¢Unts whi¢h 0rd 8(%ntir1 rw)rd8. C4ynpty wth th& ar%ounting wulrements ol 8•CtKJn 396 ofts Cornpanw A( 2C(6 and TrMth tho methods and prfnupth ofthts StsThl#rrJ of RaCth)Thr Pr8cIOce." Acthunb"rYJ R•porb"ng by Charit$ ha been r[.. or 121 tts which. in my opinion. attent}n 8hwld be drawn in order to enable a pnjper uTrJerstsTrJir4 of the acuunts to be reach. anuel Davis FCCA E Davis & Co. Mitj Assooation of Chartered C*tified Accountants Suite 37a. Link, 49 Effra Road London SW2 1BZ
THE EXCLUSIVE LADIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023 2023 Total 2022 Total Note INCOMING RESOURCES Voluntary income 5,825 5,825 4,770 Investment income 5.825 5.825 4,770 RESOURCES EXPENDED Fund raising and publicity Charrtable exF4nditure 500 150 Governance 2,270 2,270 7,373 Total expendituré 2.770 2,770 7,$23 NET INCOMING RESOURCES FOR THE YEAR 3,055 3,055 {2.753) Balance brought forward 5.145 5,145 7,898 8,200 8,200 5,145
THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS - 28 FEBRUARY 2023 1. ACCOUNTING POUCY These accounts have bn propargd under the historical cost convention and in accordance 8pplicabte acwinb'ng standords and th8 Chariltes SORP. OEPRECIATION Depreciation of tangible fLxed assets 15 provided on the #traight line basi5 over thè expe¢ted useful lives of the assets as folkyA3: Fumrture and Office Equipment 20% on CA)8t Fixed assets financed by grants are written off to Statemwt of Financial ActNitw in line with thè accounting policy of the related gr8nt. RESOURCES EXPENDED Resources expended are rgcogni¥gd in thg period in whth they arn incuffed. Re8c4Jrces gXP8nded include attributsble VAT which cAnnot b6 r¥¢led. Resources gxpgnded ar• alkxated to the FQrticul8r actfvlty where the ccAt relate8 dirndy to that •¢tivity. However, the c08t of overall directson and administration of each a¢tivty, comprising the salary and overhead costs of the central fun¢Xion apportned on the following basis whith arg an estimate, based on staff tsme, of the amount ottn'butable to each activty. Govem8nco 100% Managemènt and admini¥tratton costs include the managemont of the charW8 888ets. organlsation81 management and compliance with constitun81 and statutory roquiromgnts. UNRESTRICTED FUNDS Those are donation8 and other incomlng resources re¢eNed or generated for the oty'ects of the charty. 2. VOLUtffARY INCOME 2023 R8¥trid•J UDrn•ts**d Total 2022 Total Donation Depo8f( Fund HMRC Charitses 5,825 5.825 4,770 5.82S 5.825 4,770 3. INVESTMENTS INCOME Bank interest received
THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS- 28 FEBRUARY 2023 2023 Restri¢led Unr••trkW Tot•1 2022 Total 4. RESOURCES EXPENDED Fund ralslng and publl¢lty Advertising Charltable expendltur• Outrea¢h Benevolent donatK*ns Rent Volunteers Expenses 500 150 500 500 150 Gov•rnan¢• Travel expenses Information. Publication & Advertising Gifts. Presents & Support Cost Charlty Inaugumion Day Bank charges Accountancy and independent examination Depreciation Evenls, Rr&ShMent & Entertainment Sundries 1,180 1.180 6,506 250 250 250 618 2,270 2,270 7,374
10 THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS - 28 FEBRUARY 2023 5. TANGIBLE FIXED ASSETS Equipment COST As at 1 March 2022 Addrtions As at 28 Fobruary 2IY23 DEPRECIATION Balance brought forward Charge for the period Balance carr*d foThvard NET BOOK VALUE A8 at 28 Fobruary 2023 A• at 28 Fobruary 2022 2023 2022 6. CREDITORS: Amounts falllng du• wlthln on• y•ar Accruals 250 250
THE EXCLUSIVE LADIES NOTES TO THE ACCOUMTS- 28 FEBRUARY 2023 7. FUNDS 01103r2022 ReIp1S Paymonts 2810212023 RESTRICTED UNRESTRICTED 8. ANALYSIS OF FUND BALANCES Restricted Unrestrictad Tot81 2023 2022 Tanglble Fixed A888ts Current Assets Creditors 8,450 250 8,450 250 5,395 250 14