| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 to | 11 |
| Detailed Statement of Financial Activities | 12 to | 13 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | |||||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 4 | 2,857 | 2,857 | 560 | |
| Charitable activities | 5 | 3,456 | 3,456 | ||
| Total | 2,857 | 3,456 | 6,313 | 560 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 3,456 | 3,456 | ||
| Other | 7 | 2,955 | 2,955 | 911 | |
| Total | 2,955 | 3,456 | 6,411 | 911 | |
| Net gains on investments | |||||
| Net expenditure | (98) | (98) | (351) | ||
| Transfersbetween funds | |||||
| Net expenditure before other gains/(losses) |
(98) | (98) | (351) | ||
| Other gains and losses | |||||
| Net movement in funds | (98) | (98) | (351) | ||
| Reconciliation of funds: | |||||
| Total funds brought forward | (7,673) | (7,673) | (7,322) | ||
| Total funds carriedforward | (7,771) | (7,771) | (7,673) |
| Company No. | Notes | 2024 | 2023 |
|---|---|---|---|
| Current assets | |||
| Cash at bank and in hand | 42,444 | 42,496 | |
| 42,444 | 42,496 | ||
| Creditors: Amount falling due within one year | 9 | (12,243) | (12,197) |
| Net current assets | 30,201 | 30,299 | |
| Total assets less current liabilities | 30,201 | 30,299 | |
| Creditors: Amounts falling due after more than one year | 10 | (37,972) | (37,972) |
| Net liabilities excluding pension assetor liability | (7,771) | (7,673) | |
| Total net liabilities | (7,771) | (7,673) | |
| The funds of the charity | |||
| Restricted funds | 11 | ||
| Unrestricted funds | 11 | ||
| Generalfunds | (7,771) | (7,673) | |
| (7,771) | (7,673) | ||
| Reserves | 11 | ||
| Total funds | (7,771) | (7,673) |
| Expenditure | |
|---|---|
| Recognition of | Expenditure is recognised on an accruals basis. Expenditure includes any VAT |
| expenditure | which 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 managementcosts. |
| 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 ofgrants 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 atthe end of the year but not yet | |
| paid. |
| charitable activities Grants payable |
services in the furtherance of its objects, including the making ofgrants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees atthe 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 oftheCharity,together with a share of | |
| other administration costs. | |
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 |
Statement of Financial Activities - prioryear |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | |||
| 2023 | 2023 | |||
| Income and endowments from: | ||||
| Donations and legacies | 560 | 560 | ||
| Total | 560 | 560 | ||
| Expenditure on: | ||||
| Other | 911 | 911 | ||
| Total | 911 | 911 | ||
| Net | income | (351) | (351) | |
| Net | income before other | (351) | (351) | |
| gains/(losses) | ||||
| Other gains and losses: | ||||
| Net | movement in funds | (351) | (351) | |
| Reconciliation of funds: | ||||
| Total funds brought forward | (7,322) | (7,322) | ||
| Total funds carried forward | (7,673) | (7,673) | ||
| 4 | Income from donations and legacies | |||
| Unrestricted | Total | Total | ||
| 2024 | 2023 | |||
| Donation Received | 2,857 | 2,857 | 560 | |
| 2,857 | 2,857 | 560 | ||
| 5 | Income from charitable activities | |||
| Restricted | Total | Total | ||
| 2024 | 2023 | |||
| Funds generated through | 3,456 | 3,456 | ||
| events | ||||
| 3,456 | 3,456 |
| 6 | Expenditure on charitable activities | |||
|---|---|---|---|---|
| Restricted | Total | Total | ||
| 2024 | 2023 | |||
| Expenditure on charitable | ||||
| activities | ||||
| Food for events | 3,456 | 3,456 | ||
| Governance costs | ||||
| 3,456 | 3,456 | |||
| 7 | Other expenditure | |||
| Unrestricted | Total | Total | ||
| 2024 | 2023 | |||
| Employeecosts | 174 | 174 | 100 | |
| Motor and travel costs | 565 | 565 | 211 | |
| Premises costs | 845 | 845 | ||
| General administrative costs | 21 | 21 | ||
| Legal and professional costs | 1,350 | 1,350 | 600 | |
| 2,955 | 2,955 | 911 | ||
| 8 | Staffcosts | |||
| No employee received emoluments in excess of €60,000. | ||||
| 9 | Creditors: | |||
| amountsfalling due within one year | ||||
| 2024 | 2023 | |||
| Bank loans and overdrafts | 11,644 | 11,644 | ||
| Other creditors | 554 | |||
| Accruals | 599 | (1) | ||
| 12,243 | 12,197 | |||
| 10 | Creditors: | |||
| amounts falling due after more than one | ||||
| year | ||||
| 2024 | 2023 | |||
| Bank loans and overdrafts | 37,972 | 37,972 | ||
| 37,972 | 37,972 |
| Movement in funds | ||||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | Resources | At 31 | ||||
| At 1 September |
(including other |
expended | August 2024 |
|||
| 2023 | gains/losses) | |||||
| Restrictedfunds: | ||||||
| Restricted incomefunds: | ||||||
| Donations through events | 3,456 | (3,456) | ||||
| Total | 3,456 | (3,456) | ||||
| Unrestricted funds: | ||||||
| General funds | (7,673) | 2,857 | (2,955) | (7,771) | ||
| Total funds | (7,673) | 6,313 | (6,411) | (7,771) | ||
| Purposes and restrictions in | relation | to the funds: | ||||
| Restricted funds: | ||||||
| Donations through events | Providing grants to | poor individuals |
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | |||
| funds | Total | ||
| Net current assets | 30,201 | 30,201 | |
| Creditors due in more than one year and | (37,972) | (37,972) | |
| provisions | |||
| (7,771) | (7,771) | ||
| Reconciliation of net debt | |||
| At 1 | At 31 | ||
| September | August | ||
| 2023 | Cash flows | 2024 | |
| Cash and cash equivalents | 42,496 | (52) | 42,444 |
| 42,496 | (52) | 42,444 | |
| Bank loans | (49,616) | o | (49,616) |
| (49,616) | o | (49,616) | |
| Net debt | (7,120) | (52) | (7,172) |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Totalfunds | Total funds | |
| 2024 | 2024 | 2024 | 2023 | |
| Income and endowments from: | ||||
| Donations and legacies | ||||
| Donation Received | 2,857 | 2,857 | 560 | |
| 2,857 | 2,857 | 560 | ||
| Charitable activities | ||||
| Funds generated through events | 3,456 | 3,456 | ||
| 3,456 | 3,456 | |||
| Totalincome and endowments | 2,857 | 3,456 | 6,313 | 560 |
| Expenditure on: | ||||
| Charitable activities | ||||
| Funds generated through events | 3,456 | 3,456 | ||
| 3,456 | 3,456 | |||
| Total of expenditure on charitable | ||||
| activities | 3,456 | 3,456 | ||
| Employee costs | ||||
| Staffwelfare | 174 | 174 | 100 | |
| 174 | 174 | 100 | ||
| Motor and travel costs | ||||
| Vehicles - General costs |
565 | 565 | 211 | |
| 565 | 565 | 211 | ||
| Premises costs | ||||
| Other premises costs | 845 | 845 | ||
| 845 | 845 | |||
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Equipment expensed | 13 | 13 | ||
| Postage and couriers | 3 | 3 | ||
| Telephone, fax and broadband | 5 | 5 | ||
| 21 | 21 | |||
| Legal and professional costs | ||||
| Audit/lndependent examination | ||||
| 1,100 | 1,100 | 600 | ||
| Other legal and professional | ||||
| 250 | 250 | |||
| costs | ||||
| 1,350 | 1,350 | 600 | ||
| Total of expenditure of other costs | 2,955 | 2,955 | 911 | |
| Total expenditure | 2,955 | 3,456 | 6,411 | 911 |
| OLAYINKA ADERINKOLA AKINRINOLA FOUN Detailed Statement of Financial Activities |
DATION UK | ||
|---|---|---|---|
| Net gains on investments | |||
| Net expenditure | (98) | (98) | (351) |
| Net expenditure before other gains/(losses) |
(98) | (98) | (351) |
| Other Gains | |||
| Net movement in funds | (98) | (98) | (351) |
| Reconciliation of funds: | |||
| Total funds brought forward | (7,673) | (7,673) | (7,322) |
| Totalfunds carried forward | (7,771) | (7,771) | (7,673) |