Registered numter CE021788 THE EXCLUSIVE LADIES Report and Accounts 28 February 2024
THE EXCLUSIVE LADIES Icompary Lknltgd l)y Guarantsg) IR•glstiation numbBr. CE021n81 lchadty reglstraiion: 11894051 28 FEBRUARY 2024 THE EXCLusf¥E LADIES REFERENCE AND ADMINISTRATIVE AlL$ FOR THE YEAR ENDEO 28 FEBRUARY 2024 Th& charity oJnstibJtaJ as a ojnpany limrted by guarafilee and akn undertt chatity cornrni5s)n of EngLand arKI Waks. Govemlng dcurnnt pyhprs that are 9(Nemed under its adopted ar of asso(aat)ft COMpY Hous• r•gislAtlon CE172178B Charity Reglstration 1189405 PrfnclpBI plocg of I)ug1S 18 TfvrGrDb Darford DA15HQ Regl8tgred offl 18 Tykn Grov8 Darts Kent OA1 5HQ Trust898 L¢¥ Jumoke E5ho Bankeni 25 Gwham Slr••t London EC2V 7HN Independgrt EX71r EDa¥&C0Lrn Chartered Cerbwknuntsnts Sude 37a. The k. 49 Effra Ro*J. LoThJon. SW2 1BZ
THE EXCLUSIVE LADIES DIRECTOR3. AND TRUSTEES. REPORT The trustee's preserrt their report togets vAth the a(xounts kn the ye ended 28 February 2024 PRINCIPAL ACTMTY AND RESULTS FOR THE PERIOD The charity is constituted as a company limited by g45arantee and is ttwefrye govemed by a memorandum and articjes of associatiw. The principal activities of the charity during the year is to support the r in our society. ,bring wmfr)rt lo eldety, disabled, sh¢)w and gNe back love to those in need. We, The Exclustve Ladps care so much as one of our goals is to be there for the mothertes$. The trustees port ensures that the charity is publicalty accountable for the stewardship and management of the funds rt holds on tntst. Their report provides a fair and balance<l wie•V of the charrty's strlUre. objectsves, legal purposes, financial wsition. The trustees reports also reflects the financial pertormance. It provides relevant information detsiling how actNrbes and achievements ported with the sources of income used to finance them and tr expenditure incurred on th¢)se ath"vths. The charity is a norFprofft making organisation arKI its OFwaions are funded mainly by irs members The results for the period a given in the attathed aco)unts. The charty do8s not have a share camal. The liabilty of its members is limited by guarantee. Any surplus is retained lo further its acbvrties. TRUSTEES The Irustees who served during the period at the date ofthis report were: Adebimpe Elvzabeth Adelowo Olufunmilola Bamidele Aderinokun zzy Jumoke Esho Cecilia Abosede oleYe All the trustees are members of the dwrity guarantee to Contri a sum t exceeding £10.00 to the assets of the ¢crfnpany in the event of it being wound up. as al 28 February 2024. there Vre 4 membets. METHOD OF APPOINTMENT OF TRUSTEES Board members are generydlty nominated and then eknted at general meeting based on their backgrouThJ. expWLeft and relevance to the ¢hariVs objeclives. When a vacancy arises the board and a skill 1$ identffied, nominees may then be nominated to bod. lThJuction of new board members are Conducted prior to them taking up the appoinkne
THE EXCLUSIVE LADIES DIRECTORS. AND TRUSTEES. REPORT ICONTD.) ACHIEVEMEKrs The charty and it's work have continued to be supportive of the needy in our MmUnty especialty. we a a150 encouraging friends to support our vision for spectfic project activitEs. Our expenditure mainty comprises of giving in funds in form gifts especralty on important occassions, presents and f(xJd to mentwjn a few. The tfustees discussed and set up a Welfare fvnd whth members conthbuie into for their benefil in times of need. A lot of memter5 We 5UPPOrted in times of bereavement birth, marriage. financial hardships and in sicknesses. With regards to the next stsge of the Chanty, the plan is To develop the outreach programme through vaTiOUS adverb'sing campaigns in the community by wothing with Ial aulhorities who can provide more information that enable us to be effective in the communrty. For example. youth programme. To develop a wide ranging athrbes, to engage youth especially motherless al. fatherless in our communty by being there ts them. To work towards a more pemianent place of get tC*3ether .
SIMLL COMPANY RULES This report ha8 been in accor(Im the in Part 15 ofthe Compani&s 2Cth appfKable lo ccrfnpanies sutfjeca to the small f3Jnpanies w8 THE EXCLUSIVE LADIES The Chartty ha8 a policy of er$Ing the ftsndiThJ base. This is to ensure that the chanty has adequale resources to cffj its goth. FinarKAal checks and bal8n¢es are in place to prevent detgcl fr8ud and arby other irrggulariiies. The trustses receive fegul$T firsancral WK)rts to enable them to moniloT the Charitys income ar expen(Ature &oydirwJ to the thrity n. RESERVES POUCY The Charfty CommissKJn re¢ommeThls that reser must not exceed 6 months. of expenditure. The current balance of reserve5 Is less than the leMMended amount However the truslees are ofthe opinion that th$ level is adequate to $usts the charTrtys OkW8b"ons. STATEMENT OF THE TRusfEES' RESPONSI8ILItIES The Iru5tees are reqtjired by lawto ptepare financial stalemwts foreach finanaal year which gwe a true and fair view of the state ofaffair5 of the charity at)d of ts Ults forthat year. In preparing those fim)l statements Ihe Intste¢s a requir&J to: select suitable accounting pofKies and apply them consislenty. bl makejudgments and estNnales thal rea8onalAe and pnthrt state whelherthe poliaes adoptsd are in rdan with appb"cable accounttng standards, subject to any material d8parturps di8dosed and explained in the finan¢i81 $tstements', prep8re the financial statements ¢M a going (x)ncem basis unle55 ft 15 inappropriate to as#um• that thB thanty wryll continu• in •p•rgb"<n: The ITUSteey are fe8ponsible for keep proper 7179 rt(y)rds which drsdose th reasonable 8eLUf8cy at any time. the financral tM)sition of charFty aThJ enable them to ensure that the finan¢i81 statements compty th the Cwnt¥s Ad 1985. They are 8L80 responslble for safeguardin9 the assets of the charity and hen for takwig reasonJe steps for the prevention and detection of fraud and other irregularthes. By t ord•r oftho board Olufunmilola 8am1• Adwinok Secretary 24.2.25
Ind•p•nd•nt •YAmln•f• rnporttr• th• Int••• ol THE EXCLUSIVE LADIES forth• y•ar ènthd 28 FobNary 2024 I report on tha a¢¢ounts Of1 ¢>>Apl0Tth8 ende•l 28 Febnmry 2024 are set outonpages6to11. R8sp8Ctlvo rosponmlbllhles of trustees and examlner The trustees are wpon¥ibb forlhe piEpaRts"on of counts. The trust consider that an audtt not U¢re forthe yew urKJer Sedi 14412) of the Chari)gs Arl 2011 Ithe 2031 Artl th an èx2minth.on i% nJe4J. Haviro satiSfd mysell that the charity i8 not subjec to wjit UfKler ¢)YApYI8W is alKJib for inderAndentgxgmination. it k% my r8sponskn.lity to". examine Ihe accounts under secticffi 145 ofthe 2011 h lo folknwthe prOrureS L4id d(yn in thè genoral DirnCtjnS given by Charrty Commission under section 14515llbl of the 2011 Act and to stats whether partiajlar rn8tt8rs howa C(NN to my 8ltènlKJn Bas1 of Indep•ndent •Mmlnerf• re My ex8min8tion w8$ carried out in aecordance wlh the gènarnl DFrecbons gwen by the Charity Commission. An examination indudes a revv• of the accx)untirg reconts kept by the chanty and a eomparison of the accounts prnted th thcÉe rec(¥ds. It aL80 indudes considWOn of any unusual item¥ or di3dosur&4 in th& ¥¢Munts. and seekij explanab.ons from you as trustees eoncemiro any such matters. The pr¢)cedures undertaken do not WOVKle all the e¥thn that would bè rèqui in an audrt and eonsw]uanty no c)inion is given as lo accounts present a'true and fair vwl and the rem is Itmikny to mattws get OLrt in the ststornent Ind•p•nd•nt •xamln•rfs stat•rn•nt In conrEction wfth my eIallon, no matter ha5 CITh to my attenlion.. 111 which gives me reasonable Ca to that in any materia respert the re4uirements'. to keep •xounting reoyd8 in al[lan with 3ecryTr 386 ofts CrynpanEs Act2CQ6'. gnd to prepare accLJunts a(wrd voth the a¢)))untirvJ reths, cxnply the accounts.ffj wu4r¢ments of seth.on ofthe Act 2C(6 arKI wth thè melhods and prinriples of the Standard of ReThne Pradice.. A¢c¢xJntiryJ Reporting by Chaiitses have been met. 121 to whKh, in my opnion, attention shoukl be drawn in dt0 a Fryer of tha accounts to ba rè8thwJ. Emrnanuel Davis FCCA E Daws & ¢0. Lllnit8d Assocjation of Chartered Cerbfi&J AC4)ntants Suite 378, The Link. 49 Effra Ro&J Lwjon SW2 1B2 Oated. 2t*"Z.t¥
THE EXCLUSIVE LADIES STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 28 FEBRUARY 2024 2024 Total 2023 RestNAed Unrestrict&J Total Note INCOMING RESOURCES Voluntary income 5,825 Investment income 5,825 RESOURCES EXPENDED Fund raising and publicrty Charitable expendire 500 Govemance 4,201 4,201 2,270 Total expendrture 4.201 4,201 2,770 NET INCOMING RESOURCES FOR THE YEAR 1.343 3,055 Balance brought forwa 8.200 8.200 5,145 9,543 9,543 8.200
THE EXCLUSIVE LADIES BALANCE SHEEf AS AT 28 FEBRUARY 2024 2023 TANGIBLE FIXED ASSErs CURRENT ASSETS Bank and cash balanGes 9.793 8.450 CREDITORS: Amounts falling due wlthln one yoar 250 250 9.543 8.200 FUNDS.. Resthcled Unreslricted 9,543 8.200 9.543 8.200 The directors are Satisfi that the company is entitted to eXtiOn from the requirement to obtain an audtt under section 477 of the Cc#npantÈ5 Act 20[ and that th• Mernr has not required the company to obtaln an audit in accordance t**h section 476 of Ihe Act The dire¢tors aCknaedge their re5FrfJnsibilitte3 for crytying with the rgJuirements of the Companies Act 20L% with respect to accounting records ar the prq>arab'on of accounts. The accounts have been prepared in 8¢¢0thTKe with the provr&ions in Part 15 of the Companies Act 2006 applicable to wnpanie8 subject to the small companies regime. 3L¥:?,>C Lizzy Jumoke Esho Tru$teo yroved by the board on
THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS- 28 FEBRUARY 2024 I. ACCOUNTING POUCY These accounts have been prepared underthe histoal cost conventrjn and in accordance with applr¢able a¢eounting standards and the Charibes SORP. DEPRECIATION Depreciation of tangible fixed assets is provided on the straight line basis overthe expected usefvl lives of the assets as folbyH&" Fumiture and Office Equipment 20% on c05t Fixed assets financed by grants are written off to Statement of Financial Activrties in line with the aCunting FK)licy of the related grant. RESOURCES EXPENDED Resources expended are recognised in the period in whh they are incurred. Resources expended include attributsble VAT which cannot be recovered. Rèsources expended are alloc8ted to the parttcular activty where the c05t relates directly to that activity. However, the cost of overall direth.on and administration of each activty, comprising the salary and overhead costs of the central func*on is apportioned on the following basis which are an estimate, base(l on staff time. of the armunl attributsble to each aclivty. Governanc8 100% Management and administration costs include the management ofthe chari$ assets, org8nisational management and compliance conststutional and statutory requirements. UNRESTRICTED FUNDS These are donations and other incL¥ning resour$ receNed or generabj for the objects of the chanty. 2. VOLUNTARY INCOME 2024 2023 Total Donation Deposit Fund HMRC Charities 5.825 5,825 3. INVESTMENTS INCOME Bank interest recewed
THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS - 28 FEBRUARY 2024 2024 Total 2023 Total 4. RESOURCES EXPENDED Fund raising and publicity Advertising Charitable expenditure Outreach Benevolent donaltons Rent Volunteers Expenses 500 500 Governance Travel expenses Infom)ation, Publication & Advertising Gifts, Psents & Support Cost Charity Inauguration Day 8ank charges Accountancy and independent examination Depreciatio Evenls, Refreshment & Entertainment Sundrtes 2,110 2,110 1,180 250 2.091 2.091 4.201 4,201 2,270
10 THE EXCLUSIVE LADIES NOTES TO THE AccouKfs - 28 FEBRUARY 2024 5. TANGIBLE FIXED ASSErs Equipment COST As at 1 March 2023 Additions As at 28 February 2024 DEPRECIATION Balance brought forward Charge for the period Balance carried forward NET BOOK VALUE As at 28 February 2024 As at 28 February 2023 2024 2023 . CREDrroRS: Amounts lalllng duo wlthln one year A¢cruals 250
11 THE EXCLUSIVE LADIES NOTES TO THE ACCOUNTS - 28 FEBRUARY 2024 7. FUNDS 0110312023 Receipts Payments 2810212024 RESTRICTED UNRESTRICTED 8. ANALYSIS OF FUND BALANCES Restrycted Unrestricted Total 2024 2023 Tangible Ftxed Assets Currenl Assets Creditors 9,793 250 9,793 250 8,450 250