REGISTERED CHARITY NUMBER: 1197026
Report of the Trustees and Unaudited Financial Statements for the Year Ended 16 September 2023
for
Impact & Inspire Wuraolami Foundation
Brayan and Spencer Associates Limited 25 Leeming Road Borehamwood WD6 4EB
Impact & Inspire Wuraolami Foundation
Contents of the Financial Statements For the Year Ended 16 September 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
Impact & Inspire Wuraolami Foundation
Report of the Trustees
for the Year Ended 16 September 2023
The trustees present their report with the financial statements of the charity for the year ended 16 September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1197026
Registered office
90-96 High Road Street North East Ham Newham E6 2HT
Trustees
Ifeoyinola Jacobs - appointed 9.12.21 Taofik Balogun - appointed 2.2.23 Adepoju Temitope Omole - appointed 4.2.23
Approved by order of the board of trustees on 10 July 2024 and signed on its behalf by:
Ifeoyinola Jacobs - Trustee
Page 1
Impact & Inspire Wuraolami Foundation
Statement of Financial Activities For the Year Ended 16 September 2023
TOTAL FUNDS CARRIED FORWARD
Notes
£ -
The notes form part of these financial statements
Page 2
Impact & Inspire Wuraolami Foundation
Balance Sheet At 16 September 2023
| TOTAL ASSETS LESS CURRENT Notes LIABILITIES NET ASSETS FUNDS 3 TOTAL FUNDS |
£ - |
|---|---|
| - | |
| - |
The financial statements were approved by the Board of Trustees on 10 July 2024 and were signed on its behalf by:
Ifeoyinola Jacobs - Trustee
The notes form part of these financial statements
Page 3
Impact & Inspire Wuraolami Foundation
Notes to the Financial Statements
for the Year Ended 16 September 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 16 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 16 September 2023.
3. MOVEMENT IN FUNDS
| Net movement | |||
|---|---|---|---|
| At 16.9.22 | in funds | At 16.9.23 | |
| £ | £ | £ | |
| TOTAL FUNDS | - | - | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ |
Page 4
aci & In% TOTAL FUNDS irc Wuraolami Foundation Page 5