Registered Charity Number: 1195133 YOKLAB FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ## **Prepared By:** SF Accountant Limited The Generator Business Centre Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 ## **INFORMATION OF THE FINANCIAL STATEMENTS** ## **MANAGEMENT COMMITTEE** **Chairman** : Ade-Solomon Dosunmu **Trustees:** Temitope Olajumoke Liasu Omobowale Bukky Osileye **Address** : Flat 81 Aurora Court Romulus Road Gravesend DA12 2SF **Banker:** Barclays Bank Plc. ## **Independent Examiner:** SF Accountant Limited The Generator Business Centre Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH 2 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 |**CONTENTS**|**Page**| |---|---| |Report of the Executive Committee|4| |Statement of responsibilities of the Committee|5| |Independent Examiner's Report|6| |Income and Expenditure Accounts|8| |Statement of Assets and Liabilities|9| |Notes to the Accounts|10| 3 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 ## **REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31[st] March 2023** The Executive Committee has the pleasure in presenting their report and the Financial Statements reviewed by the independent examiner for the year ended 31[st] March 2023. ## **GOVERNING** The organisation is managed by Executive Committee according to the organisation's constitution, elected by the general members to oversee the overall activities and to monitor the day to day running of the organisation. ## **OBJECTIVE OF YOKLAB FOUNDATION** The main objectives of the organisation are as follows: (1) To Advance Education For The Benefit Of The General Public By Means Of, But Not Exclusively, The Provision Or The Assistance In The Provision Of Educational Resources, Activities And Facilities, Such As Schools And Training Centres For The Benefit Of Said Persons; (2) To Relieve Financial Hardship Among Poor People And Other People In Need By Means Of, But Not Exclusively, Making Grants For Providing Or Paying For Items,Equipment, Services And Facilities, Including The Provision Of Food, Water And Other Necessities For The Benefit Of The Said Persons; (3) To Relieve Sickness And To Preserve Good Health Among Persons In Need, By Means Of, But Not Exclusively, The Provision Or Assistance In The Provision Of Medical Facilities Such As Primary Health Clinics, The Provision Of Grants For Medical Treatment And Provision Of Education Of Common Health Conditions, Such As Sickle Cell Anaemia, And Their Treatment For The Benefit Of The Said Persons. ## **THE MANAGEMENT COMMITTEE** The Management committee who serve the Charity during the year were as follows: **Chairman:** Ade-solomon Dosunmu **Trustees:** Temitope Olajumoke Liasu Omobowale Bukky Osileye 4 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 ## **STATEMENTS OF RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE** Law applicable to charities in England & Wales requires the Committee to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year of its financial position at the end of the year which is 12 months. In preparing those financial statements, the Committee is required to: _**1.**_ Select suitable accounting policies and apply them consistently; _**2.**_ Make judgments and estimates that are reasonable and prudent; _**3.**_ State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; _**4.**_ Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Executive Committee is responsible for keeping accounting records which 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 Charities Act 1993. 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. ## **INDEPENDENT EXAMINER** According to the provisions of the Charities Act 1993, the Committee has agreed that an audit is not required for this financial year. However, due to provisions of the same act an independent examiner is required. SF Accountant Limited will be appointed as an independent examiner for the ensuing year. ## **APPROVAL** This report was approved by the Executive Committee on 03/01/2025 and signed on their behalf …………………….. (Chairman) > Ade-Solomon DOSUNMU (Mon, 6th Jan 2025 17:10:08 GMT) 5 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 ## **INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE EXECUTIVE COMMITTEE OF YOKLAB FOUNDATION** ## Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed _._ It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and to state whether particular matters have come to my attention ## Basis of independent examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## Basis of independent examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## Independent examiner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the - Charities Act; or - the accounts did not accord with the accounting records; or - 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 6 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 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 in order to enable a proper understanding of the accounts to be reached. ………………………………………………. ## **SF Accountant Limited** ## **The Generator Business Centre** **Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH** ## **Dated: 03/01/2025** 7 Financial Statements for the year ended 31 MARCH 2023 ## YOKLAB FOUNDATION ## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31[st] March 2023** |**Receipts**
**Un-restricted**
**£**
**Restricted**
**£**
Donation received
20
**Total**
**20**
**-**
**Less: Payments**
Donation to others
-
-
Advertisement in TV
-
-
Volunteer costs
-
-
Telephone
-
-
Stationery
-
-
Card charges
Travel
-
-
Accountancy
100
-
**Total**
**(100)**
**Excess of Income over**
**Expenditure (deficit)**
**-**
**-**|**Total**
**£**
**2022**
**£**
20
0
**20**
**0**
-
-
-
-
-
-
-
-
-
-
-
-
100
-
**(100)**
**-**
**-**
**-**| |---|---| 8 Financial Statements for the year ended 31 MARCH 2023 ## YOKLAB FOUNDATION ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] March 2023** |**NOTE**
**Current Assets**
Cash at Bank (Current account)
Prepayment
**Current Liabilities**
Amount failing due within one year
Net Current Assets / (Liabilities)
**Net Assets**
**Funds:**
Reserve B/FWD
Surplus/deficit

**Total Funds**|**2023**
**2022**
**£££**
**£££**
20
-
-
-
(195)
(95)
**(175)**
**(95)**
(95)
-
(80)(95)
**(175)**
**(95)**| |---|---| ~~……………………..~~ Ade-Solomon DOSUNMU (Mon, 6th Jan 2025 17:10:08 GMT) (Chairman) Ade-Solomon DOSUNMU (Mon, 6th Jan ~~…………………………….~~ 2025 17:10:08 GMT) (Trustee) 9 YOKLAB FOUNDATION Financial Statements for the year ended 31 MARCH 2023 ## **FOR THE YEAR ENDED 31[st] March 2023 NOTES TO THE ACCOUNTS** ## **1. ACCOUNTING POLICIES** The financial statements have been compiled in accordance with the general directions given by the Charity Commission and with the Statements of recommended Practice. ## **a. Basis of Accounting** The accounts have been prepared under the historical cost convention of accounting. ## **b. Grants** Revenue grants are credited to the Income and Expenditure account on a receivable basis. ## **c. Donations** Donations are recorded on a receipt basis. ## **d. Depreciation** No Depreciation to be charged on Fixtures and Fittings and Building Construction. 10 **Issuer** SF Accountant Limited **Document generated** Fri, 3rd Jan 2025 22:26:26 GMT **Document fingerprint** eab6af12ec3fa12a18d90e0d24691af4 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Mon, 6th Jan 2025 17:10:08 GMT Ade-Solomon DOSUNMU - Signer (e55d5ff840a122a65f364bcbeee7aac5) **Audit history log Date Action** Mon, 6th Jan 2025 17:10:08 GMT Ade-Solomon DOSUNMU viewed the envelope (92.40.179.224) Mon, 6th Jan 2025 17:10:08 GMT This envelope has been signed by all parties (92.40.179.224) Mon, 6th Jan 2025 17:10:08 GMT Ade-Solomon DOSUNMU signed the envelope (92.40.179.224) Mon, 6th Jan 2025 17:07:35 GMT Ade-Solomon DOSUNMU viewed the envelope (92.40.179.224) Mon, 6th Jan 2025 17:07:19 GMT Ade-Solomon DOSUNMU opened the document email. (87.248.116.146) Sat, 4th Jan 2025 2:04:38 GMT Ade-Solomon DOSUNMU opened the document email. (87.248.114.142) Fri, 3rd Jan 2025 22:28:07 GMT Document emailed to Lexiade@yahoo.co.uk (13.40.210.249) Fri, 3rd Jan 2025 22:28:07 GMT Sent the envelope to Ade-Solomon DOSUNMU (Lexiade@yahoo.co.uk) for signing (81.134.149.50) Fri, 3rd Jan 2025 22:26:26 GMT Document generated with fingerprint 32eb5d1cd2f97694c85741c80d45297d (81.134.149.50) Fri, 3rd Jan 2025 22:26:26 GMT Document generated with fingerprint eab6af12ec3fa12a18d90e0d24691af4 (81.134.149.50) Fri, 3rd Jan 2025 22:26:26 GMT Document generated with fingerprint ece7047c3c1e50ce9619b6cb2cff8877 (81.134.149.50) Fri, 3rd Jan 2025 22:26:26 GMT Envelope generated by Mohammad Hossain (81.134.149.50)