REGISTERED COMPANY NUMBER: CE021926 (England and Wales) REGISTERED CHARITY NUMBER: 1189592 

Trustees' Annual Report 

And 

Unaudited Financial Statements 

For the Year 

Ended 30 April 2022 

**EMPOWER4SUCCESS (E4S)** 



## **Contents of the Financial Statements for the Year Ended 30 April 2022** 

||Page|
|---|---|
|Trustees Annual Report (TAR)|1-2|
|Independent Examiner report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-7|





## **Empower4success Trustees’ Annual Report – 2021/22** 

The trustees present their report with the financial statements of the charity for the year ended 30 April 2022. They have adopted the provisions of Accounting and Reporting by Charities: Statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **Reference and Administrative details:** 

## EMPOWER4SUCCESS (E4S) 

Charity No: 1189592 

## REGISTERED ADDRESS: 

25 Gardiner Court Blue Bridge, 

Milton Keynes. 

MK130LR. 

## TRUSTEE’S MANAGEMENT TEAM 

Georgi Ifeoma David  - Chair Chinonye Ngozi Okeem - Trustee Tochi Oma Irukwu - Trustee Laura Nicoleta Vasiliu - Truste 

## INDEPENDENT EXAMINER 

AK Counsels Ltd. 

Certified Financial Accountant 

Regus House, Fairbourne drive Milton Keynes MK10 9RG 

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## **STRUCTURE, GOVERNANCE & MANAGEMENT:** 

The Charity was constituted as a Charitable Incorporated Organisation (CIO) on 21st of May 2020. It is registered in England and Wales with its principal office in England. 

## **Objectives and Activities** 

The main objective of the Charity is to aid the relief of unemployment for the benefit of the public in ways as maybe thought fit, including assistance to find and retain employment. Also, support young people to advance in life through work related activities, including support which develops their skills and capabilities to enable them to participate in society as mature and responsible individuals. 

## **Charitable activities include:** 

- Programs to support vulnerable and disadvantaged young people to become more productive members within their community. 

- Activities that improve mental wellbeing, boost confidence and self-esteem. 

- Activities to support NEET groups and young students/school leavers, to keep them gainfully engaged and to curb street crime. 

- Mentoring students in readiness for work or career as they exit secondary school. 

- Programs that orientate and empower ethnic minority groups to be positively engaged members of the community. 

- Recruiting and training mentors and volunteers who assist the charity’s activities. 

## **Organisational Structure and Decision Making** 

The management of the charity is currently the responsibility of the trustees who receive guidance notes and the organisations constitution as soon as they join. The board of trustees ensure the smooth implementation of the projects and activities. Decisions may be taken by the charity trustees at meetings or in writing. 

This report has been approved by the Board of the Trustees and signed on its behalf by: 

Tochi O. Irukwu Trustee & Operations Coordinator. 

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## **Independent Examiner's Report to the Trustees of Empower4success (E4S)** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 

I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination and confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

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. 

Apaullinaire KOUAME FFA FIPA 

AK COUNSELS LTD Certified Financial Accountant Regus House, Milton Keynes MK10 9RG 

Date: 05/12/2022 


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## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED APRIL 30[TH] 2022** 

|**Statement of Financial activities**<br>Basis of preparation|**Note**<br>1|**Unrestricted funds**<br>£|**30.04.22**<br>£|**30.04.21**<br>£|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS FROM<br>Service/ Takings<br>Grants/ Donations and Sponsorship<br>Separate material item of income|2<br>2|12,130<br>26,750|12,130<br>26,750|3,100<br>15,600<br>3,500|
|**_Total Income_**||**_38,880_**|**_38,880_**|**_22,200_**|
|EXPENDITURE ON<br>Charity running costs<br>Separate material item of expense|3||(32,560)|(19,00)<br>(1,400)|
|**_Total Expenditure_**|||**_(32,500)_**|**_(20,400)_**|
|NET INCOME/ (EXPENDITURE)<br>Administration fees|||6,320<br>(2,200)|1,800<br>(1,000)|
|RECONCILIATION OF FUNDS<br>Total funds brought forward|||919|119|
|**TOTAL FUNDS CARRIED FORWARD**|||**5,039**|**919**|



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## **BALANCE SHEET AS AT 30 APRIL 2022** 

|**FIXED ASSETS**<br>Tangible assets|**Note**<br>4|**Total 2022**<br>£<br>1,043|**Total 2021**<br>£<br>1,400|
|---|---|---|---|
|**_Total fixed assets_**||**_1,043_**|**_1,400_**|
|Current assets<br>Cash at bank and in hand||6,052|919|
|**_Total current assets_**||**_6,052_**|**_919_**|
|Creditors: amounts falling due within 1<br>year||-|-|
|Net current assets/(Liabilities)|5|6,052|919|
|**_Total assets Less current liabilities_**||**_7,095_**|**_2,319_**|
|Creditors: amounts falling after more<br>than1 year|6|3,356|3,500|
|**_Total net assets or liabilities_**||**_3,739_**|**_(1,181)_**|
|FUNDS OF THE CHARITY<br>Unrestricted funds||3,739|(1,181)|
|**_Total funds_**||**_3,739_**|**_(1,181)_**|



**Signed by one or two Trustees Print name Date of approval on behalf of all trustees Signature** Georgi I. David MSc 9 / 12 / 2022 Chair - Board of Trustees. 

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## **Notes to the accounts** 

## **Note 1: Basis of preparation** 

## **1.1 Basis of accounting** 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: 

- the 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 of Ireland (FRS 102) issued on 16 July 2014 

- the Financial Reporting Standard applicable in the United Kingdom and Republic 

- of Ireland (FRS 102) 

   - and with the Charities Act 2011. 

The charity constitutes a public benefit entity as defined by FRS 102 

## **1.2 Going concern** 

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern as the charity has stable income base that exceeds running costs and foreseeable expenditure. 

**Note 2: Analysis of income** 

|Donations & grants||Unrestricted|Totalfunds<br>2022<br>£|Totalfunds<br>2021<br>£|
|---|---|---|---|---|
||||||
||Donationsand<br>sponsorship|11,750|11,750|7,600|
||Government and Local<br>grants|<br>15,000|15,000|8,000|
|||26,750|26,750|15,600|
|Charitable<br>activities|Trainingprovided||12,130|3,100|
|Other|Other|||3,500|
||||||
|TOTALINCOME|||38,880|22,200|



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## **NOTE 3: Analysis of expenditure** 

|Expenditure onCharitable<br>activities||Totalfunds 2022<br>(£)|Totalfunds 2021<br>(£)|
|---|---|---|---|
||Subsistence|4,088|2,880|
||Trainingcost|7,077|4,777|
||Office expenses|1,160|1,140|
||Rent|2,160|-|
||Accountant fees|360||
||Professional fees|8,885|4,545|
||Insurance|1,450|1,450|
||Membership|333|333|
||Advertisement|3,055|1,905|
|Separate materialof<br>expense|Computer costs||1,400|
||Travel|3,992|1,970|
||Administration fees|2,200|1,000|
|TOTALEXPENSES||34,760|21,400|



## **NOTE 4: Tangible asset** 

||Officeequipment(£)|
|---|---|
|At beginning of the year|1,400|
|Addition|-|
|Depreciation|357|
|At the end of theyear|1,043|



## **NOTE 5: Cash in hand and at bank** 

||This year(£)|Lastyear(£)|
|---|---|---|
|Cash in hand and at bank|6,052|919|



## **NOTE 6: Creditors** 

||This year(£)|Lastyear(£)|
|---|---|---|
|Othercreditors|3,356|3,500|



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