Charlty Registratlon No.1191503 Afyallfe Foundatlon CIO Trustees Report and Unaudltod Flnancial Statoments 31 March 2023 Afyalife Foundation CIO Trust•es Report and Accounts For the Year Ended 31 March 2023 Contents Pag0 Rof•renc• and admlnl•tratlve Inlorniatlon Tru•t•M '•nnual report Ind•p•nd•nt ExamIn•￿* R•port 8tat•m•nt of Flnanelal Actlvltl•• Balan¢• Sh••t Not•• to th• Flnanclal 8tat•m•nt• 10111 Afyalife Foundation CIO Trustees Report and Accounts For th• Yaar Ended 31 March 2023 R•for•nces and admlnlstratlve Detalls Tru8t••• Michael Epechue ICh8ir) Rose Gordon Nancy Christiano John Kamara Irene K￿la Gharlty Inlorniatlon Principal address Regu6 Dlgilal World l Lowry Plaza Salford M50 3UB Independent Exomlners Mode$l & Co Financial Servkes Ltd 189 Greenhlll Avenue Sheffield S8 7TJ Bankers Cashplus Afyallfe Foundatlon CIO Trust••s Report and Accounts For the Year Ended 31 March 2023 TN$*￿• R•p•rl Introductlon The tNstees present their reFx)rt wlth the financial statements of the charity for the year ended 31 March 2023. The truste68 have adopted the provisions ol Accountsng and Reporting by Charities.. statement of Recommended Practice 8pplicable to Chaiities preparing their a¢¢ounls in acGordanc8 wllh the Financial Reporting Standard applicable in the and Republic of Ireland (FRS 1021 leffeclive 1 January 20191. Afyalif& Foundation was incorporated as a charitable Incorporated organisation 28 September 2020. Alms •nd puvpow6 The advancement of health, including public health. wellbelng and thè dèllvery of H&allhcare anywhere in the world by promoting projects to improve health ulili8ing technology, of communities who receive little or no external assisl8nce because of poverty ObJ•¢tlv•• and a¢tlvltl•• The slralegl88 employ8d to achièva the charlty's alm8 and rtjlectfves arg.. -Worklng In Partnar8hlp natlonally and Inlèrnatlonalty -Dev8loping and maintaining actlvo partnershlp wlth churche6 and arrang8 community awaren8s8 events -Atténding a varf8ty of ￿entS -Volunte&ring A¢hl•v•m•nt• and P•rf•mi•n¢•• Operate Food Bank Community Engagement > Arts & Craft Mindfvl Art Sports Aclivllie8 > ￿lIbeing -coffee & Chat Afyallfe Foundation CIO Trustoes Report and Accounts For tho Yoar Ended 31 March 2023 Trust•os R•port (contlnu•d) stat•nwnt of Tru•1•￿. r••pon*lbilltl•• The Charities Act 2011 requiros the Iruslees to prepare ffnancial statements for ea¢h financial year which give a true and falr vlew of the stale ol affairs of the charity and of the incoming resources and application of resources of the charlly for that period. In preparing these financial statements, the tru$tee8 are required to.. Sèle¢l Suitable accounting policies and apply them consistentty Observe the methods and prlnciples of the Charitiés SORP., Make jUdge￿nIS end accounting estimates that af• rèasonable and prudent Stale whether applicable ac¢ounling standards have been followed, subject to any malerlal dèparturès disclosed and explained the financial stslements,. and Prepare the financial Ststements on the golng concern basls unless It Is Inappropriate lo do so. The tru8teeg are responslble for keeplng suffi'cient accounting records that disclose with reasonable accuracy at any tsma the financial position of the charity and enable them lo ensure that the financial statements comply wllh the Charities Act 2011. They are also respon8lble for safegLbarding the assets of th8 chadty and hance for taklng reaSon8b￿ Steps for th8 prév8nUon of fr8ud and other Ir￿gUlarItIes. Publle b•n•llt •t*l•m•nt All of our actlvllles are carrled out In support of our charitable objects. We belleva that our work In support of these objects clearly dèlivers bfrnelit. W8 hav& referred to the guldanc8 Iri the Charity Comml8slon'8 general guidance on Publlc B8nèfit whan reviewing our aims and objectives and In plannlng our future acllvltt8$ and In partlcL¢lar Ihe advancèment of religlon. Fln•n¢lal R•vl•w Totsl receipts on ordinary unreslrictgd funds in 2023 was £1,37312022:£3,5031 and are detalled in the fi'nancial slatemenls. Expendlture on charllable act1vl￿8$ In 2023 w88 £31112022.. £3,475). The nel result for th• year was a surplus of £1,082 in 202312021.. £281 and adding bank and deposlt balances brought forward at the beginning of the year, the balancas carried forward at the 31 March 2023 for unreslriclod funds totalled £1,09012022'. £281 A•••rv•• Pollcy The Trustees revlaw tha policy on reserves and sel larg8ts at1è881 once Fer 8nnum wllh refefence to the guidance and lem)inology published by the Charity Commlsslon. The policy 16 al80 revlewed. when warranted by Changes in risk assessrnenl or business plans. The revbew Includes unreslflcted an, designated funds and tangible fixed assets. Transfor to and from funds ara authorised by the Trustees acting as a whole. Afyalife Foundation CIO Trusteeg Report and Accounts For the Year Ended 31 March 2023 Trusto•s Roport (contlnuod) Rlsk Manag•m•nt The twslees have examined the major risks which the charty is exposed and a￿ salisf4ed that Systems are in place to miligala exposure to the major risk. Approved by the Board of Trusto9• In July 2024 and •lgn•d on tholr behalf by:" R••• Oordonv Tru•t•• Afyallfe Foundatlon CIO Trustees Report and Accounts For the Year Ended 31 March 2023 Ind•pend•nt •xamIn•￿• r•port to Afyallfo Foundallon I report on the accounts of the charity for the year ended 31 March 2023 which are set out on page8 8t011 R•*p•¢tlv• r•sponslbllltl•• of th• Commlttw and th• •xamln•r The charity's Iruslees are responslble for the preparation of a¢counts. The charity's trustéès consider that an audit is not required for this year section 14412) of the charities Act 2011 Ilhe 2011 l} and that an Independenl examination is needed. It is my re8pon8ibility to.. Examine the ac¢ounts under section 145 of the 2011 Act. To follow the procedures lald down in the general Direcllons glven by the Charlty Commission under section 14515llbl of the 2011 act,. and To state whethèr partlcular matters have come lo my attention Ba•1• of Ind•p•nd•nl •umln•r-• r•port My examinatSon was carried out In accordan¢e wllh the General DirectSons glven by the Charlty Commlsslon. An examSnatlon Includes a revlew of the accounting records kept by the charty and 8 comparison of the accounts presented with those record$. 118180 includes consideration of any unusual items or disclosur88 In th8 accounts, and seeking explan8tions from you 8$ Irusle&s concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and con$equenlly no opinlon is glv8n as to wh8th8r thè account5 prèsent a 'true and fair vl8W' and the report is limited to those matt8rs $81 Ixrt In the 8tatement below. Ind•p•hd•nl •xamln•r'g •tat•mont In connection with my examlnallon, no matter has come to my attenllon.. 11) Whlch glves me reasonable cause to bellevo that In any m8terlal respect th8 requlrements.. to keep aceounting records In accordance wrth s•¢llon 130 of the 2011 Act., and to prepar8 accounts, which accord wlth the accounllng records and comply with the r8qulrements of th8 2011 Act have not been mel., or 12) lo whlch, In my opinlon, 8tt6ntlon 8hould be drawn In order lo enable a proper und6rslandlng of the accounts to be reached. Donovan St H Mode tACG Modest & Co Financial Servi¢e8 Ltd 189 Greènhill Avenuè Sheffield, S8 7TJ July 2024 Afyalife Foundation CIO Truste•s Report and Accounts For the Year Ended 31 March 2023 Statement ol Flnanclal Aetlvltles Unrestrl¢t&d Fund Total Fund• Total Fund• 31 March 2023 31 March 2023 31 March 2022 INCOME FROM: Donatlons Other Income TOTAL INCOME 345 1.028 1,373 345 1.028 1,373 3.503 3,503 EXPENDITURE Charftablo adlvltl 311 311 TOTAL EXPENDITURE 3,475 NET INCOMEI{EXPENDITUREI BEFORE TRANSFERS 1,062 1,062 28 RECONCILLIATION OF FUND8 Total fund• brought forward TOTAL FUND8 CARRIEO FORWARD 1.090 1.090 Afyallfe Foundation CIO Trustaos Report and Accounts For the Y•ar Endod 31 March 2023 Balan¢• 8hMt as at 31 March 2023 31Mar¢b 2023 31 March 2022 Note9 CURRENT ASSETS: Cash al bank and in hand 1,090 28 CURRENT LIABILITES: Amount fallin due within on6 ear NET ASSETS 1.090 CHARITY FUNDS Unr&slri¢led Funds 1,090 Thè notes on pages 10 to 11 fomi part of these financl818tatem8nts Accounts approved by the tru8t•• In Juty 2024 and Signed on their b8half by'.- Ro•• G•rdon .TN•t•• Afyallfe Foundatlon CIO Trustees Report and Account5 For th• Y•ar Ended 31 March 2023 Noto9 lo lh• flnanclal 8tat•m•nl* Accountlng Pollcles Basls ol proparallon of Ilnanclal statem•nt• The financial statement8 have been prepar8d under tha historical cost convention b) In¢om• and Exp•ndltur• All inGome and expenditure t6 account8d for on an accrual b88I8. Fund Accountlng The unrestricted funds are availabl8 for u80 at the discretion of th8 Trustees In fvrtherance of the general objectsve$ of the Chanty. There are no restricted fund8 held by the Charlty d) Tanglbl• Ilx•d a•••ts T8nglble fixed assets 8re staled at COSt188s depreciation. Fixed ass818 are ¢apilali$ed In the accounts where Ihelr initial co$1 1$ 8 value of £200 and greater, items lower than th58 amount arè expended through the Stalement of Financi81 Activilles. Depreciatlon Is provlded at rate8 calculated to write off the ￿$1 of the fixed assets. less their estlmaled r6sldual value. over their expected u8eful lives on the following Fixtures & Fitllngs & Office Equipment Laptops & Computèf Molor Vehicles 25Qh 9traight line 20°h Straight lin8 25 % Reducing balance io- Afyalife Foundatlon CIO Trustoes Roport and Accounts For the Year Endod 31 March 2023 N•lo5 lo the flnanclal •lat•m•nl8 Oonatlons and legacl•• Unre5trkted Funds 2023 Total nds 2023 Total Funds 2022 Donations 345 345 3,503 Total 345 345 Oth•r Incom• Unrestricted Fundy 2023 Total Funds 2023 Total Funds 2022 Grant Other Income 28 28 Total Cr•dltor•: amounts falllng due wlthln on• y•ar UnreJtrleted Total Funds 2023 Total Fundy 2022 2023 Creditors.. amounts falllng due within one ear A¢counlanl's Invol¢e Total Exp•ndltur• on charft•bl• •¢tlvltl•• Unrestrlet¢d Funds 2023 Total Fund5 2023 TotAI Fund8 2022 Admini8lrAlion Ex en868 Marketin & Advertlsin 311 311 311 311 75