Registered Charity No - 1198364
Testimony Outreach Trustees' Report and Accounts 30 April 2023
CONTENTS
Legal and Administrative Detail Trustees' Report Statement of Financial Activities Notes to the Accounts
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY TRUSTEES
Trustee 1: Rev Rachael Adelakun
Trustee 2: Damilare Samuel Omojola
Charity Registered Number:1198364 Date of registration: 01/03/2022
TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2023
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Testimony Outreach for the year ended 30th April, 2023. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'. . Structure, governance and management.
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board's role, functions and responsibilities are quite clearly defined. The charity is governed by a CIO foundation registered dated on 01 MARCH 2022. Recruitment and appointment of trustees: The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees. Much of the charity's work focuses upon the promotion of the Christian religion and General charitable purpose. The General Trustee Board seeks to ensure that the reeds of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would. be willing to become members of the charity and use their own experience to assist the charity. Risk Management: - We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken. (The principle risk of the charity bas been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity bas sufficient reserve in the event of adverse condition(s) . The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks,
TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2023
Public Benefit: - The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to.; public benefit when preparing this report
The benefit provided to the public is consistent with the aims of the charity in UK. . Objectives and activities:
. a) To Advance the Christian Religion for the Public Benefit, In Accordance with the Tenets of Faith.
b) General charitable purpose
c) Providing food bank for general public
' Plans for future periods:
The Charity plans to develop various fundraising strategies to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees' responsibilities.
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom General Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to. prepare financial'; statements for each financial year which gives a true and fair view of the of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
~ Selected suitable accounting policies and applied them consistently,
~ Made judgments and estimates that are reasonable and prudent, stated whether applicable accounting standards have been followed, subject to any material departures. ' disclosed and explained in the financial statements; and.
~ Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of, controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993.They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection. and prevention of fraud and other irregularities.
The Board of Trustees is responsible for the maintenance and integrity of the corporate and' financial information. Legislation in the United Kingdom ‘governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 30 APRIL 2023
Income:
Offering: £100
Expenditure: Rent: £85 Batteries: £12 £97
The financial statements were approved and signed by the Trustees
Rev Rachael Adelakun Damilare Samuel Omojola
Date: Date: