2022-12-30-accounts - Ia - Foundation

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Report o	rustees					to
In epen	ent	Examtner's	Reports
tatement o		Ftnancta Acttutttes
Statement o		Ftnancta	Posttton		8	to	9
Statement o		Cas Fows				10
Notes to	t e	Statement	o as	Fows
Notes to	t e	mancta	tatements			to
etat e	Statement o Ftnancta			Acttutttes	19	to	21

for the Year Ended 30Decem	ber 2022
					30.12.22	30.12.21
			Unrestricted		Restricted	Total
			Total
			fund	fund	funds	funds
		Notes		E		E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			19,803	2,574	22,377	13,457
Charitable activities
Events Income			12,609		12,609	24,982
Total			32 412	2,574	34,986	38,439
EXPENDITURE ON
Charitable actiuities
Euents		4	1,879		1,879	1,989
Direct Charitable Activities		5-6	32,136	616	32,752	22,711
Total			34,015	616	34,631	24,700
NET INCOME/(EXPENDITURE)			(1,603)	1,958	355	13,739
RECONCILIATION OF FUNDS
Total funds brought foriuard			18,165		18,165	4,426
TOTAL FUNDS CARRIED FORWARD			16,562	1,958	18,520	18,165

IA- Foundation Statement of Financial Position 30December 2022
				30.12.22	30.12.21
		Unrestricted		Restricted	Total
		Total
		fund	fund	funds	funds
	Notes	E		E	E
FIXEDASSETS
Tangible assets		4,114		4,114	548
CURRENT ASSETS
Debtors Cash at bank	12	12,448	1,958	14,406	2,270 15,348
		12,448	1,958	14,406	17,618
NET CURRENT ASSETS		12,448	1,958	14,406	17,617
TOTAL ASSETS LESSCURRENT LIABILITIES
		16,562	1,958	18,520	18,165
NET ASSETS		16,562	1,958	18,520	18,165
FUNDS	13
Unrestricted funds:
General fund				16,562	18,165
Restricted funds:
Restricted				1,958
TOTAL FUNDS				i8,520	18,165

Statement ofCash Flows
for the Year Ended 3 December 2022
		30.12.22	30.12.21
	Notes
Cash flows from operating activities Cash generated from operations	1	4,058	11,704
Net cash provided by operating actiuities		4,058	11,704
Cash flows from investing activities Purchase oftangible fixed assets		(5,000)	(730)
Net cash used in investing actiuities		(5,000)	(730)
Change in cash and cash equivalents the reporting period Cash and cash equivalents at the beginning ofthe reporting period	in	(942) 15,3418	10,974 4,374
Cash and cash equivalents at the end ofthe reporting period		14,406	15,348

for t	he Year Ended 30December 2022	he Year Ended 30December 2022	he Year Ended 30December 2022
	RECONCILIATION OF NET INCOME TO NET CASH			FLOW FROM	OPERATING	ACTIVITIES
						30.12.22	30.12.21
						E
	Net income for the reporting Financial Activities) Adjustments for:		period (as per the Statement of			355	13,739
	Depreciation charges Decrease/(increase) in Increase in creditors	debtors				1,433 2,270	182 (2,219) 2
	Net cash provided bg operations					4,058	11,704
2.	ANALYSIS OF CHANGES	IN NET FUNDS
				At	31/12/21	Cash flow	At 30/12/22
					E	E	E
	Net cash
	Cash at bank				15,348	(942)	14,406
					15,348	(942)	14,406
	Total				15,348	(942)	M,406

fo	r the Year En d30December 2	022
	Donations and Legacies
			30.12.22	30.12.21
	Donation (Individual 6Corporate) Trustees' Donation Sponsor a Child Donation - (Office Rent)		8,905 2,841 3,205 7,426	5,187 2,768 2,502 3,000
			22,377	13,457
3.	Events Income
	Events Income UK Events Income (Outside UK)		12,608	20,393 41,589
			12,608	24,982
	OUTGOING RESCOUCES IN THE YEAR
4	Events Activities
			30.12.22	30.12.21
	Rental, Travels 8Raffle Tickets Drinks, Food 6Entertainment Brochure, Photography 8 Publicity		E 1,260 450 169	E 310 1,351 110
			1,879	1,771
5.	Charitable Activities
	Direct Charitable Costs Educational Donations/Endowment Rent ofOffice Space		10,506 6,528 7,426	10,606 3,165 3,000
			24,461	16,771
6.	Other Charitable Activities
			30.12.22	30.12.21
			E
	Legal Fees Volunteers Cost		1,468	3'12 944
	Consultants Cost Other Charitable Costs		5,160 1,663	4,901
	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is	stated after charging/(crediting):
			30.12.22	30.12.21
	Oepreciation —owned assets		1,433	182
	TRUSTEES' REMUNERATION	AND BENEFITS

COMPARA	TIVE	S FOR THE ST	ATEMENT OF FINAN	CIAL ACTIVITIES (YR2021)
				Unrestricted		Restricted
				Total
				fund	fund	funds
				E	E
INCOME AND		ENDOWMENTS	FROM
Donations	and	legacies		10,015	3,442	13,457
Charitable	activities
Events Income				20,392		20,392
Other trading		activities		3,574	1,016	4,590
Total				33,981	4,458	38,439
EXPENDITURE		ON
Charitable	activities
Events Income				1,771	218	1,989
Other				I8,47l	4,240	22,711

for th	e Year Ended 30	ecember 2022	ecember 2022
10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		(YR2021)
			Unrestricted		Restricted
			Total
			fund		funds
			E		E
	Total		20,242	4,458	24,700
	NET INCOME		13,739		'13,739
	RECONCILIATION	OF FUNDS
	Total funds brought forward		4,426		4,426
	TOTAL FUNDS CARRIED FORWARD		18,165		18,165
11.	TANGIBLE FIXED	ASSETS
					Computer
					equipment
					E
	COST
	At 31December 2021				730
	Additions				5,000
	At30December 2022				5,730
	DEPRECIATION
	At 31December 2021				182
	Charge for gear				'1,433
	At30December 2022				1,615
	NET BOOK VALUE
	At30December 2022				4,115
	At30December 2021				548

for t	he Year End d30Decem	he Year End d30Decem	he Year End d30Decem	ber 2022	ber 2022
12.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
							30.12.22	30.12.21
							E
	Trade debtors Prepayments							1,770 500
								2,270
13.	MOVEMENT	IN	FUNDS
							Net
						At	movement	At
						31/'12/21	in funds	30/12/22
							E	E
	Unrestricted	funds
	General fund					18,165	(1,603)	16,562
	Restricted funds
	Restricted						1,958	1,958
	TOTAL FUNDS					18,165	355	18,520
	Net movement		in funds, included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						E		E
	Unrestricted	funds
	General fund					32,412	(34,015)	(1,603)
	Restricted funds
	Restricted					2,574	(616)	1,958
	TOTAL FUNDS					34,986	(34,631)	355

Comparatiues	for movemen	t in funds
				Net
			At	movement	At
			31/12/20	in funds	30/I 2/21
			E	E	E
Unrestricted	funds
General fund			4,426	13,739	18,165
TOTAL FUNDS			4,426	13,739	18,165
Comparative	net movement	in funds, included	in the above are as foltotvs:
			Incoming	Resources	Movement
			resources	expended	in funds.
				E	E
Unrestricted	funds
General fund			33,98i	(20,242)	13,739
Restricted funds
Restricted			4,458	(4,458)
TOTAL FUNDS			38,439	(24,700)	13,739

A current yea	r 12months and prior year	12months combined position isa	s fottorvs:
			Net
		At	movement	At
		31/12/20	in funds	30/12/22
			E
Unrestricted	funds
General fund		4,426	12,136	16,562
Restricted funds
Restricted			1,958	1,958
TOTAL FUNDS		4,426	14,094	18,520

A current ge above are as	ar 12 months and prior gear follows:	12months combined net movem	ent in funds, i	ncluded in t
		Incoming	Resources	Mouement
		resources	expended	in funds
			E	E
Unrestricted	funds
General fund		66,393	(54,257)	12,136
Restricted funds
Restricted		7,032	(5,074)	1,958
TOTAL FUNDS		73,425	(59,331)	14,094

IA- Foundation Detailed Statement of Financial Activities for he Year Ended 30December 2022
	30.12.22	30312.21
	E
INCOME AND ENDOWMENTS
Donations and legacies Donations - Indimdual Donations —Corporate Trustees' Donation Other Restricted Income Office Rent	7,932 972 2,842 3,205 7,426	4,535 400 2,768 2,754 3,000
	22,377	13,457
Other Charitable Activities
Fundraising Income Sponsor aChild		2,521 1,016
Nigeria —Others		466
Donation —Nigeria		495
Nigeria- Corporate Donation		92
		4,590
Charitable activities
Dinner- Aduert Income	900	700
Dinner Raffle Ticket Income Donation towards Dinner Dinner Tickets Income Pro Bono Raffle Prizes Charity Walk	1,005 8,227 1,120 1,267 90	786 1,523 10,414 520 6,449
	12,609	20,392
Total incoming resources	34,986	38,439
EXPENDITURE
Charitable actiuities
Pro bono Raffle Prizes	800
Travel and Subsistence		310
DJ	450
Dinner Food Hire of Hall	460	1,351
Brochure		110
Photography / Videography	169
	1,879	1,771

Detailed Statement of Financial Activities for the Year Ended 30December 2022
	30.12.22	30.12.21
Charitable activities	E
Other
Advertising/Promotion/Marketing General Office Administration	735 128	2,455
Equipment Maintenance Office Space Rent Travel and Accommodation Books Printing, Postage SStationery Telephone 8 Mobile Working	143 7.426 2 422 1,257 135 839	403 3,000 2,138 507 785
	13,085	9,288
Support costs
Management
Educational Donations Other Donation Volunteers Cost Subscriptions	6,528 39 381 682	3,165 218 100
Accounting Software Website-Hostinq SMaintenance Training SDevelopment	205 78 734	288 348
Others	616	2,659
	9,263	6,778
Finance
Hospitality	643	572
Other
Volunteers (Nigeria) Legal Fees (Nigeria)		944 312
Advocacy (Nigeria) Fundraismg Cost (Nigeria) Hospitality (Nigeria) ITCost (Nigeria) Corporation Donation	1,661	849 1,009 281 165 92
Computer equipment	1,432	182
	3,093	3,834
Other2
E- Learning Material (Nigeria)		174
Consultants Charitable Activities (Nigeria) Carried forward	5,159 5,159	642 1,486 2,302

IA- Foundation Detailed Statement of Financial Activities for the Year Ended 30December 2022
	30.12.22	30.12.21
Other 2
Brought fortvard Bank Charges (Nigeria)	5,159 41	2,302 22
	5,200	2,324
Governance costs
Legal 6Prof Fees	1,468	133
Total resources expended	34,631	24,700
Net income	355	13,739