| Pages | |
|---|---|
| Trustees'Annual Report | |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement ofCash flows | 6 |
| Notes to the Accounts | |
| Detailed Statement of Financial Activities | 10to 11 |
| Unrestricted | |||
|---|---|---|---|
| funds | Totalfunds | ||
| 2022 | 2022 | ||
| Notes | |||
| Income and endowments | |||
| from: | |||
| Charitableactivities | 2 | 31,520 | 31,520 |
| Total | 31,520 | 31,520 | |
| Expenditure on: | |||
| Charitableactivities | 3 | 36,603 | 36,603 |
| Other | 5 | 2,239 | 2,239 |
| Total | 38,842 | 38,842 | |
| Net gains on investments | |||
| Netexpenditure | 6 | (7,322) | (7,322) |
| Transfers betweenfunds | |||
| Net expenditure beforeother gains/(losses) |
(7,322) | (7,322) | |
| Other gains and losses | |||
| Net movement in funds | (7,322) | (7,322) | |
| Reconciliation of funds: | |||
| Total funds carried forward | (7,322) | (7,322) |
| Charity No. 01195179 | 2022 | |
|---|---|---|
| Current assets | ||
| Cash at bank and in hand | 42,484 | |
| 42,484 | ||
| Creditors: Amountfalling due within one year | 8 | (11,834) |
| Net current assets | 30,650 | |
| Total assets less current liabilities | 30,650 | |
| Creditors: Amountsfalling due after more than one year | 9 | (37,972) |
| Net liabilities excluding pension asset or liability | (7,322) | |
| Total net liabilities | (7,322) | |
| The funds of the charity | ||
| Restrictedfunds | 10 | |
| Unrestricted funds | 10 | |
| General funds | (2,239) | |
| Designated funds | (5,083) | |
| (7,322) | ||
| Reserves | 10 | |
| Total funds | (7,322) |
| YINKA ADERINKOLA s to the Accounts |
AKINRINOLA FOUNDATION UK |
|---|---|
| Expenditure | |
| Recognition of | Expenditure is recognised on an accruals basis. Expenditure includes any VATwhich |
| expenditure | cannot be fully recovered, and is reported as part of the expenditure to which it |
| relates. | |
| Expenditure on | These comprise the costs associated with attracting voluntary income, fundraising |
| raising funds | trading costs and investment management costs. |
| Expenditure on | These comprise the costs incurred by the Charity in the delivery of its activities and |
| charitable activities | services in the furtherance of its objects, including the making of grants and |
| governance costs. | |
| Grants payable | All grant expenditure is accounted for on an actual paid basis plus an accrual for |
| grants that have been approved by the trustees at the end of the year but not yet | |
| paid. | |
| Governance costs | These include those costs associated with meeting the constitutional and statutory |
| requirements of the Charity, including any audit/independent examination fees, | |
| costs linked to the strategic management of the Charity, together with a share of |
|
| other administration costs. | |
| Otherexpenditure | These are supportcosts not allocated to a particular activity. |
| 2 | Income from charitable activities | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| 2022 | ||||
| Grant made to local Charities in Nigeria | 31,520 | 31,520 | ||
| 31,520 | 31,520 | |||
| 3 | Expenditure on charitable activities | |||
| Unrestricted | Total | |||
| 2022 | ||||
| Expenditureon charitable activities | ||||
| 36,603 | 36,603 | |||
| Grant made to local Charities in Nigeria | ||||
| Governance costs | ||||
| 36,603 | 36,603 | |||
| 4 | Analysis of grants | |||
| Grants to | Support | |||
| Activity or programme | Institutions | Costs | Total | |
| 2022 | ||||
| Grants providedto local charities in Nigeria |
31,520 | (36,603) | (5,083) | |
| 31,520 | (36,603) | (5,083) | ||
| Activities | ||||
| undertaken | Support | |||
| Activityor programme | directly | Costs | Total | |
| 2022 | ||||
| Grants provided to local charities in | 31,520 | (36,603) | (5,083) | |
| Nigeria | ||||
| 31,520 | (36,603) | (5,083) | ||
| 5 | Other expenditure | |||
| Unrestricted | Total | |||
| 2022 | ||||
| Bank loan and overdraft interest | 1,339 | 1,339 | ||
| payable | ||||
| Legal and professional costs | 900 | 900 | ||
| 2,239 | 2,239 |
| 6 | Netexpenditure beforetransfers | |
|---|---|---|
| 2022 | ||
| This is stated after charging: | ||
| Independent Examiner's fee | 900 | |
| 7 | Staff costs | |
| No employee received emoluments in excess of f60,000. | ||
| 8 | Creditors: | |
| amounts falling due within one year | ||
| 2022 | ||
| Bank loans and overdrafts | 11,643 | |
| Othercreditors | 191 | |
| 11,834 |
| Bank loans and overdrafts Othercreditors |
11,643 191 11,834 |
|
|---|---|---|
| 9 | Creditors: | |
| amounts falling due after more than one year | ||
| 2022 | ||
| Bank loans and overdrafts | 37,972 | |
| 37,972 |
| Movement in funds | 37,972 | ||
|---|---|---|---|
| Incoming | |||
| resources | At 31 | ||
| (including other |
Resources expended |
August 2022 |
|
| gains/losses | |||
| Restricted funds: | |||
| Unrestricted funds: | |||
| General funds | (2,239) | (2,239) | |
| Designated funds: | |||
| Grant Receivables | 31,520 | (36,603) | (5,083) |
| Total | 31,520 | (36,603) | (5,083) |
| Total funds | 31,520 | (38,842) | (7,322) |
| Analysis of net assets between funds | ||
|---|---|---|
| Unrestricted | ||
| Total | ||
| funds | ||
| Net current assets | 30,650 | 30,650 |
| Creditors due in more than one year and | (37,972) | (37,972) |
| provisions | ||
| (7,322) | (7,322) | |
| Reconciliation of net debt | ||
| At 31 | ||
| August | ||
| Cash flows | 2022 | |
| Cash and cash equivalents | 42,484 | 42,484 |
| 42,484 | 42,484 | |
| Bank loans | (49,615) | (49,615) |
| (49,615) | (49,615) | |
| Net debt | (7,131) | (7,131) |
| for the period ended 31 August 2022 | ||
|---|---|---|
| Unrestricted | ||
| funds | Total funds | |
| 2022 | 2022 | |
| Income and endowments from: | ||
| Charitable activities | ||
| Grant made to local Charities in | 31,520 | 31,520 |
| Nigeria | ||
| 31,520 | 31,520 | |
| Total income and endowments | 31,520 | 31,520 |
| Expenditure on: | ||
| Charitableactivities | ||
| Grant made to local Charities in Nigeria |
36,603 | 36,603 |
| 36,603 | 36,603 | |
| Total ofexpenditure on charitable activities |
36,603 | 36,603 |
| Otherexpenditure | ||
| Bank loan and overdraft interest | ||
| 1,339 | 1,339 | |
| payable | ||
| 1,339 | 1,339 | |
| Legal and professional costs | ||
| Audit/lndependent examination | 900 | 900 |
| fees | ||
| 900 | 900 | |
| Total ofexpenditure ofother costs | 2,239 | 2,239 |
| Total expenditure | 38,842 | 38,842 |
| Net gains on investments | ||
| Net expenditure | (7,322) | (7,322) |
| Net expenditure before other gains/(losses) |
(7,322) | (7,322) |
| Other Gains | ||
| Net movement in funds | (7,322) | (7,322) |
| Reconciliation of funds: | ||
| Total funds brought forward | ||
| Total funds carried forward | (7,322) | (7,322) |