Charity number: 1197370 ## Wiseseed Report of the Trustees and Unaudited Financial Statements For the year ended 31 August 2024 Wiseseed Contents Page For the year ended 31 August 2024 |Report of the Trustees|1| |---|---| |Statement of Financial Activities|2| |Statement of Financial Position|3| |Notes to the Financial Statements|4 to 6| |Detailed Statement of Financial Activities|7| Wiseseed Report of the Trustees For the year ended 31 August 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2024. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Wiseseed **Charity registration number** 1197370 **Principal address** c/o The Academy of Woodlands Woodlands Road Gillingham ME7 2DU ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr Eric Boateng Ms Abigail Okyere Assumadu Ms Betsy Nancy Mannah **Independent examiners** Marc Three Accountants 125 Sunnymead Avenue Gillingham Kent ME7 2EB Approved by the Board of Trustees and signed on its behalf by ............................................................................. Mr Eric Boateng (Director) 1 of 7 ## Wiseseed ## Statement of Financial Activities ## For the year ended 31 August 2024 |**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
3/4
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
6,100
**6,100**
(5,859)
**(5,859)**
**241**
555
**796**|**2023**
**£**
7,204| |---|---|---| |||**7,204**| |||(6,649)| |||**(6,649)**| |||**555**
-| |||**555**| 2 of 7 ## Wiseseed Statement of Financial Position As at 31 August 2024 |**Notes**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
8
**Total funds**|**£**
**2024**
796
**796**
**796**
**796**
**796**
796
**796**|**£**
**2023**
555| |---|---|---| |||**555**| |||**555**| |||**555**| |||**555**| |||555| |||**555**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 0 3 of 7 ## Wiseseed Notes to the Financial Statements For the year ended 31 August 2024 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011. Wiseseed meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received|**2023**
**2024**
**£**
**£**
7,204
6,100
**7,204**
**6,100**| |---|---| ## **3. Expenditure on generating donations and legacies** |**xpenditure on generating donations and legacies**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |Support costs|4,229|6,235| ||**4,229**|**6,235**| ## **4. Expenditure on other trading activities** |**Unrestricted funds**
Fund raising events|**2024**
**£**
1,630
**1,630**|**2023**
**£**
414| |---|---|---| |||**414**| 4 of 7 ## Wiseseed Notes to the Financial Statements Continued For the year ended 31 August 2024 ## **5. Analysis of support costs** |**nalysis of support costs**||| |---|---|---| |**Voluntary Income**
IT/Equipments
Catering
Administration|**2024**
**£**
180
549
3,500
**4,229**|**2023**
**£**
1,592
320
4,323| |||**6,235**| ## **6. Particulars of employees** |Volunteers|**2024**
0
**0**|**2023**
0| |---|---|---| |||**0**| ## **7. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **8. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**||||| |---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/09/2023**|**resources**|**resources**|**31/08/2024**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|555|6,100|(5,859)|796| ||**555**|**6,100**|**(5,859)**|**796**| 5 of 7 ## Wiseseed ## Notes to the Financial Statements Continued For the year ended 31 August 2024 ## **Unrestricted Funds - Previous year** |**Unrestricted Funds - Previous year**||||| |---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/09/2022**|**resources**|**resources**|**31/08/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|-|7,204|(6,649)|555| ||**-**|**7,204**|**(6,649)**|**555**| ## **Purpose of unrestricted Funds** ## General The advancement of the Christian faith in accordance with the tenets of faith in such ways and such parts of the parts of the United Kingdom and the world as the trustees may from time to time determine. ## **9. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
796
796| |---|---| ||**796**
**796**| ||**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
555
555| ||**555**
**555**| 6 of 7 ## Wiseseed ## Detailed Statement of Financial Activities For the year ended 31 August 2024 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Fund raising events costs
**SUPPORT COSTS**
**IT/Equipments**
IT/Equipments
**Catering**
Catering
**Administration**
Administration
**Total resources expended**
**Net Income**|**£**
**2024**
6,100
**6,100**
**6,100**
(1,630)
**(1,630)**
(180)
**(180)**
(549)
**(549)**
(3,500)
**(3,500)**
**(5,859)**
**241**|**£**
**2023**
7,204| |---|---|---| |||**7,204**| |||**7,204**
(414)| |||**(414)**
(1,592)| |||**(1,592)**
(320)| |||**(320)**
(4,323)| |||**(4,323)**| |||**(6,649)**| |||**555**| 7 of 7 This page does not form part of the statutory financial statements