UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31[st] DECEMBER 2022
FOR
Legacy Of Windrush Descendants and Friends
LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2022.
| Page | |
|---|---|
| Organization information | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 |
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2022.
LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS Organisation Information as at period Ended 31[st] December 2022 Organisation name LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
Registered address 83 Brookfield Road Bedford United Kingdom MK41 9LL Trustees 1.Peter Clyde Stapleton JP, Chair 2. Corrine Mason 3. Patricia Clarke 4. Claire Turpin 5. Jason Lawrence 6. Esron Campbell 7. Michelle Balach-Ali 8. Pauline Stepney 15 May 2023 Bankers Unity trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG
Independent examiner Mr BM Makamba, MSc (Finacc), BAcc (Hons), CIMA dip 27 Church farm Avenue Wilstead Bedford Bedfordshire MK45 3FA
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
Report to the LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS Organisation on accounts for the year ended 31[st] December 2022, set out on pages 4 to 9.
I report to the Trustees on my examination of the accounts of the above organisation for the year ended 31 December 2022.
As the Trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). I report in respect of my examination of the organisation’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,
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the accounting records were not kept in accordance with section 130 of the Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 to enable a proper understanding of the accounts to be reached.
Signed:
Mr BM Makamba , MSc (Finacc), B.Acc (Hons), CIMA dip 27 Church farm Avenue Wilstead Bedford Bedfordshire MK45 3FA Date: 25/01/2023
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31[st] DECEMBER 2022.
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income, grants, legacies 1 Incoming resources from charitable activities - Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 1 Charitable activities 1 Overheads 1 Governance costs 1 Total resources expended 1 NET INCOMING RESOURCES 1 RECONCILIATION OF FUNDS Total funds brought forward 1 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds 1370 - 1370 1563 1563 -193 - |
Restricted Funds 9145 - 9145 2898 2898 6247 - |
Total Funds £ 10,515 - |
|---|---|---|---|
| 10,515 4461 - - - |
|||
| 4,461 6,054 0 |
|||
| 6,054 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
STATEMENT OF FINANCIAL POSITION AS AT 31[ST] DECEMBER 2022.
| 2022 | 2022 | |||
|---|---|---|---|---|
| Total Funds | ||||
| Notes | £ | |||
| Non-CURRENT ASSETS | ||||
| Tangible assets | 1 | 0 | ||
| CURRENT ASSETS | ||||
| Cash at Bank | 6,055 | |||
| NET CURRENT ASSETS | 6,055 | |||
| CURRENT | ||||
| LIABILITIES | ||||
| Creditors | 1 | 0 | ||
| Net Current assets | 6,055 | |||
| NET ASSETS | 1 | 6,055 | ||
| FUNDS OF THE CHARITY | ||||
| Endowment Funds | - | |||
| Unrestricted funds | 1 | |||
| Designated funds | - | |||
| Revaluation funds | - | |||
| Reserve funds | - | |||
| General funds | -193 | |||
| -193 | ||||
| Restricted funds | 1 | 6,247 | ||
| TOTAL FUNDS | 6,054 | |||
| The financial statements summarise the transactions of the entity and disclose the net assets at the disposal of | ||||
| the Trustees. These accounts are prepared in accordance with the special provisions of Part VII of the | ||||
| Companies Act 1985 relating to small entities. | ||||
| These financial statements were approved by | the Trustees on _____ and signed on its | |||
| behalf by: | ||||
| Peter Clyde Stapleton JP | ||||
| ______ | ||||
| Chair of Trustees | ||||
| **_P a g e | 5_** |
LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2022. 1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of accounting
The financial statements have been prepared under the historical cost convention.
(b) Fund accounting
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Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
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• Designated funds are unrestricted funds earmarked by the Trustees for specific purposes. • Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Incoming resources
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All incoming resources are included in the statement of financial activities when the organisation is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to specific categories of income: • Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the organisation, are recognised when the charity becomes unconditionally entitled to the grant.
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• Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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• Items donated for resale are included as incoming resources within activities for generating funds when they are sold.
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• Investment income is included when receivable. • Incoming resources from charitable trading activity are accounted for when earned. • Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity’s shop.
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• Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner fees and costs linked to the strategic management of the charity.
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• All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022 - CONTINUED
(e) Fixed assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years (25% straightline method). Impairment reviews are carried out as and when evidence comes to light that that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence, or other relevant factors.
Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.
2. INCOMING RESOURCES FROM GENERATED FUNDS
| INCOMING RESOURCES Voluntary income Pegusus Opera Company limited (BLCF) Circle Accounting (Numbian teachings) Bedford Borough Council The Harpur Trust C Salmon Marva (CAfrique) Adeola Ajayi (Cafrique) Natural I Am Products Ltd (CAfrique) FM Fragrances by LORRAINE (Cafrique) Bedford Borough Council Total grants Other Income Donation Income : Others Total Income |
2022 2022 2022 £ £ £ Unrestricted Funds Restricted Funds Total Funds 0 2750 2750 300 0 300 0 928 928 0 727 727 20 0 20 20 0 20 20 0 20 10 0 10 0 4740 4740 |
|---|---|
| 370 9145 9515 1000 0 1000 0 0 0 |
|
| 1370 9145 10515 |
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022 - CONTINUED
3. COMMITTEE MEMBERS' REMUNERATION AND BENEFITS
There were no committee members' remuneration or benefits for the year ended 31st December 2022.
4. MOVEMENT IN FUNDS -RESTRICTED FUNDS
This balance is comprised of the unspent balances of on-going projects. The figures are restricted for use only on their designated projects.
5. MOVEMENT IN FUNDS
| Funds: Restricted and Unrestricted Bank TOTAL FUNDS |
At 01- 01-2022 Cash Inflow Cash Outflow Net Movement in Funds At 31- 12-2022 £ £ £ £ 0 10,516 4,461 6,055 6,055 |
|---|---|
| 0 10,516 4,461 6,055 6,055 |
6. NON-CURRENT ASSET SCHEDULE
| Non-current assets N/A |
Cost 0 0 |
Depreciation Acc Depreciation 31/12/2022 0 0 0 0 |
Book Value At 31/12/2022 0 |
|---|---|---|---|
| 0 |
*Depreciation at 25% per year, straight-line method
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LEGACY OF WINDRUSH DESCENDANTS AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022 - CONTINUED
7. EMPLOYEE COSTS
| PAYE | Employer NI Contributions |
Salaries and wages |
Total Employee Cost |
|---|---|---|---|
| £ | £ | £ | £ |
| £0 | £0 | £0 | £0 |
| £0 | £0 | £0 | £0 |
No employee received emoluments of more than £60,000.
The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2022 – 0 employees.
The organisation does not operate any pension scheme as it does not have any employees.
8. COST OF GENERATING VOLUNTARY INCOME
|RESOURCES EXPENDED
Costs of generating voluntary income Restricted Funds
Service Charges
Windrush day 2021
Jubilee
CAfrique
JamDay
LOWDLHb
CAfrique
Total
Total resources expended
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….end/….|2022
2022
2022
£
£
£
Unrestricted
Funds
Restricted
Funds
Total
Funds
72
0
72
0
1330
1330
0
791
791
0
0
0
0
677
677
0
100
100
1491
0
1491|
|---|---|
||1563
2898
4461|
|||
||1563
2898
4461|