Charity Number 1190672
## **VACSCTYME TRUST**
## **TRUSTEES’ ANNUAL REPORT & ACCOUNTS**
**30 SEPTEMBER 2021**
## **VACSCTYME TRUST**
## **Financial statement**
## **For the year ended 30th September 2021**
|**Contents**|**Page**|
|---|---|
|Charity information and professional advisers|3|
|Trustees’ report|4|
|Accountants’ report|6|
|Income statement|7|
|Statement of financial position|8|
|Notes to the financial statements|9|
2
## **VACSCTYME TRUST**
## **Reference and administrative details For the year ended 30th September 2021**
|Charity Number|1190672|
|---|---|
|Registered Address|4 Halton Road
MANCHESTER|
||M11 4HN|
|Trustees|Trustees, who are also directors under company|
||law, who served during the year were as follows:|
||Ernestina Kwao –_Chair of Trustees_|
||Augustina Eshun|
||Olufemi Fatayo|
|Independent Examiners|BC NWAIWU & CO LTD|
||Building 1 Suit 4A Office 6|
||Wilsons Park Business Centre|
||Manchester|
||M40 8WN|
|Bankers|Unity Trust Bank Plc|
3
## **VACSCTYME TRUST**
## **Report of the trustees**
## **For the year ended 30th September 2021**
## **About us**
Vacsctyme Trust promotes relief of the physical and mental sickness of persons in need by reason of depression and domestic violence, in particular by the provision of counselling and support, including signposting to other services, and by any other means as the trustees in their discretion shall determine.
The charity also promotes social inclusion for members of the public by preventing people from becoming socially excluded, relieving the needs of those who are socially excluded and assisting them to integrate into society.
## **Trustees**
The following person served as trustees during the period:
Ernestina Kwao – _Chair of Trustees_
Augustina Eshun Olufemi Fatayo
## **Statement of responsibilities of the trustees**
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year.
In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Statement of Recommended Practice applicable to charities in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
4
## **VACSCTYME TRUST**
## **Report of the trustees**
## **For the year ended 30th September 2021**
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as each of the trustee is aware, there is no relevant material information of which the charity’s accountants are unaware; and
- each trustee has taken all steps that they ought to have taken to make themselves aware of any relevant material information and to establish that the accountants are aware of that information.
- Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.
Approved by the trustees on March 25, 2022, and signed on their behalf by
**Ernestina Kwao** Chair of Trustees
5
## **VACSCTYME TRUST**
**Accountant’s Report**
## **For the period ended 30 September 2021**
Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Vacsctyme Trust for the period ended 30 September 2021.
In order to assist you to fulfil your duties under the Charity Act 2022, we have prepared for your approval the accounts of Vacsctyme Trust for the period ended 30 September 2021 which comprise of the Statement of financial activities (incorporating income & expenditure account), the Balance Sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of Vacsctyme Trust, as a body, in accordance with the terms of our engagement dated 25[th] January 2022. Our work has been undertaken solely to prepare for your approval the accounts of Vacsctyme Trust and state those matters that we have agreed to state to the Trustees of Vacsctyme Trust, as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vacsctyme Trust and its Trustees as a body for our work or for this report.
It is your duty to ensure that Vacsctyme Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Vacsctyme Trust. You consider that Vacsctyme Trust is exempt from the statutory audit/independent examination requirement for the period.
We have not been instructed to carry out an audit/independent examination or a review of the accounts of Vacsctyme Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
## **BC NWAIWU & CO LTD**
Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN
## **Date: March 25, 2022**
6
## **VACSCTYME TRUST**
## **Income Statement**
## **For the year ended 30th September 2021**
**----- Start of picture text -----**
2021
Income from Note
Donations and legacies 2 1,395
Charitable activities 3 10,000
Total income 11,395
Expenditure on
Charitable activities 4 (9,939)
Total expenditure (9,939)
Net income/(expenditure) and net movement in
funds for the year 1,456
Reconciliation of funds
-
Total funds brought forward
Total funds carried forward 1,456
**----- End of picture text -----**
_The notes on pages 9 to 11 form part of these financial statements_
7
## **VACSCTYME TRUST**
## **Balance Sheet**
## **As at 30th September 2021**
|Note
**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
5
Debtors
6
Creditors: amounts falling due within
one year
7
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
one year
Total assets
**Funds of the charity**
Restricted funds
8
Unrestricted funds
8
**Total charity funds**|1,956
-
1,956
500|2021
-
1,456|
|---|---|---|
|||1,456
-|
|||1,456|
|||1,278
178|
|||1,456|
These financial statements were approved by the board of trustees and authorised for issue on 25 March 2022 and signed on behalf of the board of trustees by:
## **Ernestina Kwao** Chair of Trustees
_The notes on pages 9 to 11 form part of these financial statements_
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**VACSCTYME TRUST**
**Notes to the financial statements**
## **For the year ended 30th September 2021**
## **1 Accounting Policies**
## _**Accounting conventions**_
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).
Vacsctyme Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## _**Incoming resources**_
All incoming resources are included in the SOFA when the charity is legally entitled to the income, is reasonably certain of receipt and the amount can be measured with sufficient reliability. In accordance with the SORP, no value has been attributed to the work performed by volunteers, although their work is considered vital to the activities of the charity.
## _**Tithe, Regular offering and Donations**_
Tithe, Regular offering and Donations consist of the total tithe, regular offering and donations from members of the church and other members of the public along with income from fundraising events.
## _**Charity status**_
The charity is a charitable Incorporated Organisation (CIO). The members of the charity are represented by the trustees named on page 3. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## _**Resources expended**_
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are those incurred in seeking voluntary income and do not include the costs of disseminating information in support of the charitable activities.
In many cases, costs are incurred on projects before the relevant restricted income is received. Therefore, unless contrary to a donor’s wishes, interest income generated from restricted funds is treated as unrestricted, to cover the pre-financing costs incurred.
9
## **VACSCTYME TRUST**
## **Notes to the financial statements**
## **For the year ended 30th September 2021**
## _**Gift aid**_
Gift Aid tax reclaims is recognised for any Gift Aid certificates received up to two months after the year-end, in relation to donations made prior to the yearend, where the Gift Aid tax reclaim application was filled to HMRC prior to the year-end.
|2
**Donations and legacies**
Donations
Legacies
3
**Charitable activities**
**Grants**
National Lottery Community Fund
**Other income**
Charity sales
4
**Charitable activities**
Rent and accommodation
Project expenses
Training and development
Support costs
Printing and stationery
Telephone and broadband
Computer and internet
Local travel
Advert and promotion
Staff expenses
Professional fees
Governance
Bank charges|2021
£
1,395
-|
|---|---|
||1,395|
||2021
£
10,000|
||10,000|
||-|
||-|
|||
||**10,000**|
||2021
£
500
4,700
-
1,500
200
-
385
100
1,000
-
1,000
500
54|
||9,939|
10
## **VACSCTYME TRUST**
## **Notes to the financial statements**
## **For the year ended 30th September 2021**
|**5**
**Cash at bank and in hand**
Bank
Cash
**6**
**Debtors**
Donation receivable
**7**
**Creditors - Amount falling due within one year**
Trade creditors
Other creditors
8.
**Total funds**
**carried forward**
Funds
brought
forward
Incoming
resources
Outgoing
resources
£
£
Restricted
-
10,000
8,722
Unrestricted
-
1,395
1,217
Total funds
-
11,395 9,939|**5**
**Cash at bank and in hand**
Bank
Cash
**6**
**Debtors**
Donation receivable
**7**
**Creditors - Amount falling due within one year**
Trade creditors
Other creditors
8.
**Total funds**
**carried forward**
Funds
brought
forward
Incoming
resources
Outgoing
resources
£
£
Restricted
-
10,000
8,722
Unrestricted
-
1,395
1,217
Total funds
-
11,395 9,939||2021
£
1,956
-
1,956
2021
£
-
-
2021
£
500
-
500
30 September
2021
£
1,278
178|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||
||
||9,939||1,456|
11