## ## ||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)|