Trustees’ Annual Report for the period
From 08/04/2022 Period start date To 07/08/2023 Period end date
Charity name: LIVING JOY LTD
Charity registration number: 1198163
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For the public benefit the relief of children in need anywhere in the world by reason in particular but not exclusively by coordinating and developing services such as, the provision of Christmas food hampers, school fees, educational materials, teaching staff, the repatriation of children and such other services as the trustees may determine. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Provision of Christmas food hampers were made to children on free school meals in Primary schools in Essex and London councils Provision of school fees, and educational materials through grants in Nigeria and Uganda Provision of school fees through grants in Uganda |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have carried out the operation of the charity in accordance with the Charity Commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Schools in rural areas which were about to be closed because the pupils could not pay the school fees. The charity pays the schools fees to keep the schools open in these communities. |
| Policy on social investment including program related investment |
Para 1.38 | Not Applicable |
| Volunteers provide the physical human |
| Contribution made by volunteers |
Para 1.38 | efforts to the work carried by the charity. Volunteers receive the delivery of grocers for the Christmas food hampers. They also packed the hampers and help with the delivery to the different beneficiary schools. Volunteers monitor pupils’ attendance to schools in Nigeria and Uganda through spot checking visitation and end of term report cards. |
|---|---|---|
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Families of Children on free school meals during the Christmas holidays received grocers’ food hampers, which would have helped alleviate child poverty in those families. We receive many emails of appreciation from the schools on how the hampers have helped struggling families in their schools. Children who would not have had access to basic education are able to receive this due to the school fees grant the charity provides. This helps prevents childhood poverty in these the communities. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 |
Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity is able to continue its charitable activities through the donations made by its trustees and members. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | The Charity is able to continue its charitable activities through the donations made by its trustees and members. However, the charity is beginning to look at grants to expand its activities. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum and Articles |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | limited company by guarantee without share capital |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charityname | LIVING JOY LTD |
|---|---|
| Other name the charityuses | LIVING JOY FOUNDATION |
| Registered charitynumber | 1198163 |
| Charity’s principal address | 183 Cherry Tree Ln, Rainham RM13 8TU |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Moyosola Abikoye | ||||
| Tayo Babatunde | ||||
| Adebayo Abimbola | ||||
| Adekunbi Oludayo Lawal-Champion |
||||
| Adejoke Olubodun- Niyi |
||||
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | **Dates acted if not for whole year ** | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Moyosola Abikoye | ||
Chair |
||
| 14/01/2024 | ||
| 14/01/2024 |
LIVING JOY LIMITED
BALANCE SHEET AS AT 7TH APRIL 2023
| Notes FIXED ASSETS Tangible fixed assets 1C & 3 CURRENT ASSETS Debtors and prepayments 4 Cash at bank and in hand CURRENT LIABILITIES Creditors: Amount falling due within one year 5 LONG TERM LIABILITIES Creditors: Amount falling more than one year Net Current Assets Net Assets RESERVES Revaluation reserve Income and Expenditure account MEMBERS'S FUNDS |
£ £ 0 2,458 2,458 (450) - 2,008 2,008 9,002 (6,994) 2,008 2023 |
£ £ 0 9,452 9,452 (450) - 9,002 9,002 8,928 74 9,002 2022 |
£ £ 0 9,452 9,452 (450) - 9,002 9,002 8,928 74 9,002 2022 |
|---|---|---|---|
| 9,002 | |||
| 8,928 74 |
|||
| 9,002 |
For the year ending 7th April 2023 the company was entitled to exception under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
a) The Directors acknowledged their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of Accounts.
b) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with Finanacial Reporting Standard for Smaller Entities (effective 2008).
These Income and Expenditure Accounts were approved by the Board of Directors on :
29/12/2023
SIGNED ON BEHALF OF THE BOARD BY:
| MOYOSOLA ABIKOYE | 29/12/2023 |
|---|---|
| Moyosola Abikoye | Date |
| Director |
6
LIVING JOY LIMITED NOTES TO THE INCOME AND EXPENDITURE STATEMENTS FOR THE PERIOD ENDED 7 APRIL 2023
1 ACCOUNTING POLICIES
A BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
B COMPANY LIMITED BY GUARANTEE
The company is limited by quarantee and cosequently does not have share capital
C DEPRECIATION
Depreciation is provided on all tangible assets at rate calculated to write off the cost or valuation less estimated residual value of each asset over its expected life as follows:
| Computer Equipments | 33⅓% Straight line | ||
|---|---|---|---|
| Motor vehicle | 20% Straight line | ||
| Furniture and Fitting | 20% Straight line | ||
| **2 ** | OPERATING PROFIT | ||
| The operating profit is stated after charging: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Depreciation | 0 | 0 |
3 TANGIBLE FIXED ASSETS
A COST
| At 8 April 2022 Additions Disposal Revaluation Transfers At 7 April 2023 B DEPRECIATION At 8 April 2022 Charge for the year On Disposal At 7 April 2023 NET BOOK VALUE At 7 April 2023 At 7 Apil 2022 |
Computers & Equip. £ 0 0 |
|---|---|
| 0 | |
| £ 0 0 |
|
| 0 | |
| 0 0 7 |
LIVING JOY LIMITED
NOTES TO THE INCOME AND EXPENDITURE STATEMENTS FOR THE PERIOD ENDED 7 APRIL 2023
| 4 Debtors and Prepayment Trade Debtors 5 Creditors: Amount falling due within one year Bank Overdraft Accrual 5 Creditors: Amount falling over one year Other Creditors |
2023 £ 0 0 £ 0 450 450 £ 0 0 |
2022 £ 0 |
|---|---|---|
| 0 | ||
| £ 0 450 |
||
| 450 | ||
| £ 0 |
||
| 0 |
8
LIVING JOY LIMITED
| DETAILED INCOME AND EXPENDITURE | DETAILED INCOME AND EXPENDITURE | ACCOUNTS | ||||
|---|---|---|---|---|---|---|
| FOR THE PERIOD ENDED 7 APRIL 2023 | ||||||
| 2023 | 2022 | |||||
| Notes | £ | £ | £ | £ | ||
| INCOME | 39,864 | 38,204 | ||||
| EXPENDITURE | ||||||
| Establishment Cost | 8,742 | 4,167 | ||||
| Travelling Expenses | 0 | 0 | ||||
| Telephone | 219 | 232 | ||||
| Stationery | 266 | 2,520 | ||||
| Charitable Donations/Activities | 37,181 | 30,761 | ||||
| Accountancy Fees | 450 | 450 | ||||
| (46,858) | (38,130) | |||||
| OPERATING PROFIT | (6,994) | 74 | ||||
| NET PROFIT(LOSS) FOR THE YEAR | (6,994) | 74 |
9
LIVING JOY LTD
(A Company Limited by Guarantee- Company number 07647141) Independent Examiner's Report For the Year Ended 7 April 2023.
I have examined the Financial Statements on pages 6 to 9, prepared under the accounting policies on page 7.
Respective responsibilities of the Trustees and Examiner
As the Charity’s Trustees, you are responsible for preparing the accounts. As you have considered that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006, my role is not that of an Auditor but an Independent Examiner. However, it is my responsibility to the state, on the basis of procedures and guidance specified in The Commission’s Directions and Guidance given by the Charity Commissioners of the Act, whether particular matters have come to my attention that were of concern to the Commission, the members, and the public in general.
Basis of Opinion
I have completed my examination in accordance with The Commission’s Directions and Guidance given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also involves reviewing the accounts, considering any unusual items and/ or disclosures provided in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence required in an audit, and consequently, I do not express an audit opinion on the view the accounts give.
Opinion
In connection with my examination, no matter of material significance has come to my attention during the independent examination:
-
(1) Which might have given rise to a legal duty to report to the Charity Commission:
-
(2) Which gives me reasonable cause to believe that in any material in respect of the requirements
-
a) To keep accounting records in accordance with section 130 of the Charities Act 2011 and
-
b) To prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act has been met. Or
-
c) in connection with the examination, which gives reasonable cause to believe that in any material respect:
-
d) accounting records for non-company charities have not been kept in accordance with section 130 of the Charities Act 2011
-
(3) That the report provided relates to an independent examination carried out under section 145 of the 2011 Act and that the examination has been conducted in accordance with the Directions given by the Commission
-
(4) And that no matters of concern have come to my attention as a result of the independent examination in connection with the examination to which, in my opinion, attention should be drawn in the report to enable a proper understanding of the accounts to be reached.
Olufemi Yinusa (BSc, MSc, MBA, CA BFP, AFA MPA, FCA, FCIT) Date: 24/01/2024 GOLDEN GREEN ACCOUNTANTS & CO LIMITED 117 Island Business Centre 18-36 Wellington Street Woolwich London, SE18 6PF