DELTAMIND FOUNDATION REPORTS AND FINANCIAL STATEMENTS 18 March 2023 ## DELTAMIND FOUNDATION ## FINANCIAL STATEMENTS For The Year Ended 18 March 2023 CONTENTS Legal and Administrative Details 1 Management Committee’s Report 2 - 3 Independent Examiners Report 4 Income and Expenditure Account 5 Page DELTAMIND FOUNDATION CHARITY INFORMATION 18 March 2023 **Status** Registered Charity (CIO) **Charity Number** 1198405 **Registered office and operational area** Room 124, Island Business Centre 18-36 Wellington Street LONDON SE18 6PF **Honorary Officers** Chekumechukwu Batire Elalia Alla Tessy Ngozi Omoruyi-Emuh **Accountants** NBS Charity Consultants Suite 124, Island Business Centre Woolwich, London SE18 6PF ## DELTAMIND FOUNDATION MANAGEMENT COMMITTEE’S REPORT 18 March 2023 The management committee presents its report and the independently examined financial statement for the year ended 18 March 2023 ## **Activities and Review** The main activities of DELTAMIND FOUNDATION are: - Providing support for people in need. - Providing household essentials and food items to beneficiaries who are struggling. ## **Organisation** DELTAMIND FOUNDATION is a charitable organisation registered with the charity commission, whose management committee are trustees of the charity. Subcommittees, including a recruitment sub-committee and a finance and general-purpose committee, have been formed. ## **Background** DELTAMIND FOUNDATION is a charity organisation registered in England and Wales since 28 March 2022. DELTAMIND FOUNDATION was created as a charity for members of the community in England and Nigeria, who are facing employment issues and other challenges in relation to seeking employment. Whilst also providing aid to disadvantaged members of the community, its headquarters is based in Woolwich (Royal Borough of Greenwich) – at Island Business Centre, 18-36 Wellington Street, London. SE18 6PF Its aims are to benefit all members of the community who are facing unemployment issues or financial hardships across all London Boroughs including Royal Borough of Greenwich. ## DELTAMIND FOUNDATION MANAGEMENT COMMITTEE’S REPORT 18 March 2023 DELTAMIND FOUNDATION trustees are aware of their obligation to make a statement in respect of the management for risks faced by DELTAMIND FOUNDATION. The trustees have appointed NBS Charity Consultants as providers of internal audit services, and to advise on the development of a structures approach to risk management. This will promote greater recognition of risk management at all levels within DELTAMIND FOUNDATION. The trustees, operating through sub-committees, have identified and assessed many risks and have taken action to control or mitigate them. ## **Reserves and Investments** It is the trustee’s policy that DELTAMIND FOUNDATION should aim to hold general fund cash reserves of 15% of annual turnover. ## **Members of the Management Committee** The following served as charity trustees during the year and up to the date of this report: Chekumechukwu Batire Elalia Alla Tessy Ngozi Omoruyi-Emuh Management Committee members have no beneficial interest in the charity and are not remunerated. ## **Accountants** NBS Charity Consultants were appointed at the Annual General Meeting and have expressed their willingness to continue as independent examiners. Approved by the Management Committee on 05 January 2024 and Signed for on their behalf by: (Chair) ## DELTAMIND FOUNDATION ## Report of the Accountant’s to the Members of DELTAMIND FOUNDATION We report on the accounts of DELTAMIND FOUNDATION for the year ended 18 March 2023. ## **Respective responsibilities of Management Committee and accountants** As the charity’s trustees, you are responsible for the preparation of the accounts as set out on page 2 of the financial statements. ## **Basis of Independent Examiners Report** Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison consideration of any usual items or disclosures in the accounts, allied to the seeking from you trustees explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with our examination, no matters have come to our attention: - 1) Which gives us reasonable cause to believe that in any material respect the requirements - a) To keep accounting records in accordance with section 41 of the Act; and - b) To prepare accounts which accord with the accounting records and comply with accounting requirements of the Act have not been met. 2) To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated: 5th /January 2024 NBS Charity Consultants ## **DELTAMIND FOUNDATION** ## **ACCOUNTS FOR THE PERIOD** ## **18 March 2022 - 18 March 2023** |**Income**
General Donations
**Expenditure**
Administrative Cost
Volunteer Expenses
Other Travel & Subsistence
Evaluation
Household Essentials for Distribution
Website Development and Hosting
Rent
TOTAL EXPENDITURE
**SURPLUS FOR THE YEAR**|£2920.00| |---|---| ||£2920.00| ||£100.00
£40.00
£30.00
£400.00
£350.00
£2000| ||£2920.00| ||£0.00| Approved Trustee Date