Charity Reg. No. 1194834
MY TURNING POINT INTERNSHIP, STUDY AND EMPLOYABILITY ORGANIZATION
(A charitable Incorporated Organisation)
Directors’ report and financial statements For the year ended 31st March 2022
| Content | Page |
|---|---|
| Company information | 1 |
| Directors report | 2 - 3 |
| Accountants report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 11 |
MY TURNING POINT INTERNSHIP, STUDY AND EMPLOYABILITY ORGANIZATION
(A Charitable Incorporated Organization)
Directors’ report and financial statements For the period ended 31st March 2022
Company Information
For the year ended 31st March 2022
Directors (Trustees)
Otolola Lasekan- Chair Dr Oluseye Lasekan- Trustee Debbie Akinfaderin- Trustee
Charity registeration number
1194834
Registered office
152 Brompton Lane, Rochester England ME2 3BA
My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Directors’ report
For the year ended 31st March 2022
The Trustees (who in accordance with the Articles of Association are Directors for the purposes of the Companies Act 2006) present their annual report together with the financial statements of Harvesthouse Christian Centre for the year ended 31st March 2022.
Constitution
My Turning Point Internship, Study and Employability Organization is a Charitable Incorporated Organization and without a share capital. In the event of winding up or liquidation the liability of the members is limited to £1 each.
Activities
The principal activity is Offering educational support and programmes to vulnerable people in the community..
Directors and Trustees
The directors/trustees who served during the period under review were:
Otolola Lasekan Dr Oluseye Lasekan Debbie Akinfaderin
Statement of Directors’ responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Charity law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will
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continue in business.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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My Turning Point Internship, Study and Employability Organization
(A Charitable Incorporated Organization)
Directors’ report (continued) For the year ended 31st March 2022
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the Directors on 20 November 2024 and signed on their behalf by:
Otolola Lasekan Chair
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My Turning Point Internship, Study and Employability Organization
(A Charitable Incorporated Organization)
Accountants’ Report
Accountants’ Report to the directors of
My Turning Point Internship, Study and Employability Organization
You consider that the company is exempt from an audit for the year ended 31st March 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its surplus or deficit for the period under review.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account presented as a Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Markdonald Kesene, ACA
30 November 2024.
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Statement of financial activities (incorporating income and expenditure account) For the year ended 31st March 2022
| Note Incoming resources Incoming resources from generated funds: Activities for generating funds Fund raising activities 2 Voluntary income 3 Investment income Total incoming resources Resources expended Charitable activities 4 Costs of generating funds 5 Governance costs 6 Total resources expended 7 Depreciation Movement in total funds for the year - Net Deficit for the period Total funds brought forward Total funds carried forward |
2022 £ - 0 0 0 0 0 0 0 0 0 0 |
2021 £ - 0 |
|---|---|---|
| 0 | ||
| 0 0 0 |
||
| 0 | ||
| 0 0 0 |
||
| 0 |
The notes on pages 7 to 11 form part of these financial statements.
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization) Charity Registration number: 1209613
Balance sheet As at 31st May 2022
| Note Fixed Assets Tangible assets 9 Current assets Stocks Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Net assets Funds General funds 12 |
2022 £ 0 0 0 0 0 0 0 0 0 |
2021 £ 0 |
|---|---|---|
| 0 0 |
||
| 0 0 |
||
| 0 | ||
| 0 | ||
| 0 | ||
| 0 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the
Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The financial statements were approved by the Directors on 15 October 2024 and signed on their behalf, by:
Otolola Lasekan- Chair
The notes on pages 7 to 11 form part of these financial statements
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Notes to the financial statements
For the year ended 31st March 2022
1 Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with applicable accounting standards and the Companies Act 2006, and in order to reflect the not for profit status of the Company the income and expenditure account is presented as a statement of financial activities.
Company accounting
The Company is a company limited by guarantee. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the Company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.3 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Company and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the Company and compliance with constitutional and statutory requirements.
Resources expended include an element of irrecoverable Value Added Tax (VAT) arising on goods and services received.
1.4 Turnover
Turnover comprises revenue recognised by the Company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. There was no trading activities in the period under consideration.
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Notes to the financial statements (continued) For the year ended 31st March 2022
Accounting policies (continued)
1.5 Tangible fixed assets and depreciation
All assets costing more than £100 are capitalised.
Tangible fixed assets are reviewed at each balance sheet date for any evidence of impairment by comparing the asset’s net book value to its net realisable value, being the value the Trustees feel the asset could be sold for on an open market basis.
- Instruments and equipment 25% per annum reducing balance Office facilities - 10% per annum straight line
1.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow- moving stocks
2 Incoming resources from charitable activities
| Fund raising activities Sales of publications & other 3 Other incoming resources Voluntary Donations Government grants Restricted funds |
2022 £ - 2022 £ 0 0 0 0 |
2021 £ - 2021 £ 0 0 0 |
|---|---|---|
| 0 |
Voluntary income comprises tithes, offerings, donations and gifts and are recognised upon receipt.
All donations and gifts are received with gratitude and applied to the furtherance of the charity’s aims and activities.
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Notes to the financial statements (continued) For the year ended 31st March 2022
4 Analysis of resources expended by Activities
| Charitable programes | Charitable activities Direct Support costs Total Total 2022 2022 2022 2021 £ £ £ £ 0 0 0 0 |
|---|---|
The Company undertakes direct charitable activities only and does not make grant payments. Support costs include amongst other items general administration costs and promotional activities.
5 Costs of generating funds
| Costs of publication Advertising and promotion Legal Fees 6 Governance Accountancy fees Insurance Printing and Stationery Rent/Hire Other statutory obligations Honorarium/Charity Travels, Hotel and subsistence Musicians/Sound |
2022 £ 0 0 0 0 2022 £ 0 0 0 0 0 0 0 |
2021 £ 0 0 0 |
|---|---|---|
| 0 | ||
| 2021 £ 0 0 0 0 0 0 |
||
| 0 |
7 Analysis of resources expended by expenditure type
| Charitable programes Cost of generating funds Governance |
Depreciation Other costs Total Total 2022 2021 £ £ £ £ 0 0 0 0 - 0 0 0 - 0 0 0 |
|---|---|
| 0 0 0 0 |
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Notes to the financial statements (continued) For the year ended 31st March 2022
8 Net Income
This is stated after charging:
| Depreciation of tangible fixed assets - owned by the Company 9 Tangible fixed assets Cost As at 01 April 2021 Additions At 31st March 2022 Depreciation Brought forward Charge for the period At 31st March 2022 Net book value At 31st March 2022 As at 01 April 2021 |
2022 £ 0 Office Instruments Facilities & equipment £ £ 0 0 - 0 |
2021 £ 0 |
|---|---|---|
| Total £ 0 0 |
||
| 0 0 0 0 0 0 |
0 0 0 |
|
| 0 0 |
0 | |
| 0 0 |
0 | |
| 0 0 |
0 |
In view of the proximity to the start of the accounting year of the acquisition of office equippments, depreciation has been charged in the accounts for the year.
10 Debtors
| Prepayments and accrued income 11 Creditors: amounts falling due within one year Accruals and deferred income |
2022 £ 2022 £ 0 0 |
2021 £ 2021 £ 0 |
|---|---|---|
| 0 |
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My Turning Point Internship, Study and Employability Organization (A Charitable Incorporated Organization)
Notes to the financial statements (continued) For the year ended 31st March 2022
12 Summary of funds and analysis of net assets between funds
| Brought | Incoming | Resources | Carried | |
|---|---|---|---|---|
| Forward | resources | expended | forward | |
| £ | £ | £ | £ | |
| General funds | 0 | 0 | 0 | 0 |
No restricted funds existed at any time during the period under review and the net assets are attributable entirely to the unrestricted general fund.
13 Transactions with Directors
During the period none of the directors/trustees received any remuneration.
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