Registered Charity Number 1200490
THE DAYSPRING
Report and Accounts
31 March 2024
THE DAYSPRING
REPORT AND ACCOUNTS For the year ended 31 March 2024
Contents
| Page | |
|---|---|
| Legal and Administrative information | 2 |
| Trustees’ Report | 3 |
| Accountant’s Report |
5 |
| Statement of Financial Activities | 6 |
| Notes to the Financial Activities | |
| (inclusive of detailed Income and Expenditure) |
8 |
1
THE DAYSPRING REPORT AND ACCOUNTS For the year ended 31 March 2024
Legal and administrative details
| Trustees: | Michael Dike - Chairman |
|---|---|
| Ofunne Joy Uyanwune | |
| Edith Ariyo | |
| Accountants: | Fortune Associates |
| (Accountancy Services) | |
| 28 Armada Court | |
| London | |
| SE8 3EZ | |
| Bankers: | NatWest Plc |
| Glossop Branch | |
| Norfolk Square | |
| Glossop | |
| Derbyshire | |
| SK13 8BR | |
| Registered Office: | 102 Mona Road |
| Chadderton | |
| Oldham | |
| OL9 8ND | |
| Charity Number: | 1200490 |
2
THE DAYSPRING
Trustees’ Report
The Trustees present their report and the financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the statement of recommended Practice (SORP 2005) and applicable law.
CONSTITUTION, OBJECTIVES AND POLICIES
The organization became a Registered Charity on the 27 September 2022 with the Charity Commission (Charity No. 1200490).
The objectives of the Charity are :
General Charitable Purposes, education/training, the advancement of health or saving of lives. The prevention or relief of poverty, economic/community development/employment, recreation and other Charitable Purposes.
Who the charity helps:
Children/young people, elderly/old people, people of a particular ethnic or racial origin and the general public/mankind.
How the charity helps:
We run a free book reading club, befriending, socials with recreational activities and guest speakers. Relieve of poverty through charity shop and food bank. We also provide educational support for all age groups including black and ethnic minorities and asylum seekers.
The trustees who served during the year were:
Michael Dike - Chairman Ofunne Joy Uyanwune Edith Ariyo
3
TRUSTEES RESPONSIBILITIES
Charity Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity at the year’s end and of its incoming resources and resources expended for that year. In preparing those financial Statements the trustees are required to:
-
select suitable accounting policies and apply them consistently,
-
make judgement and estimates that are reasonable and prudent,
-
prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of trustees and signed on its behalf by
Michael Dike Chairman For the Trustees
4
Accountant’s Report
Report to the Trustees/members of: The Dayspring On accounts for the year ended: 31 March 2024 Charity No: 1200490
Respective responsibilities of trustees and accountants
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. 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 includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
1) which give me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act.
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed: JoshuaSokoya
Name: Joshua Sokoya
Date: 30/05/2024
For and on behalf of FORTUNE ASSOCIATES
5
THE DAYSPRING
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2024
| 2024 2023 Unrestricted Funds Notes £ £ Incoming Resources1 Donation 330 1,200 Honorarium - 100 Other Income -300 Total Incoming Resources 3301,600 Resources Expended2 Support Cost of Activities - 220 Management & Administration Costs 693 490 Total Resources Expended 693710 Net Incoming/(outgoing) Resources (363) 890 Funds Brought Forward890- Total Funds Carried Forward 527890 |
|
|---|---|
Michael Dike Chairman For the Trustees
6
THE DAYSPRING
Balance Sheet
| THE DAYSPRING Balance Sheet |
|||
|---|---|---|---|
| as at 31 March 2024 | Unrestricted | Funds | |
| Notes | 2024 | 2023 | |
| £ | £ | ||
| Current Assets | |||
| Bank Balances | 4 | 1,027 | 1,140 |
| Current Liabilities | |||
| Creditors Payable within one year | 5 |
(500) | (250) |
| Net Current Assets | 527 |
890 | |
| Total Net Assets | 527 |
890 | |
| The Funds of the Charity | 527 |
890 |
In approving these financial statements as Trustees of the Charity we hereby confirm that we acknowledge our responsibilities for:
(1) ensuring that the Charity keeps proper accounting records.
(2) preparing financial statements which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of its surplus or deficit for the year.
The financial statements were approved by the board and signed on its behalf by
Michael Dike Chairman For the Trustees
THE DAYSPRING
Notes to the Statements of Financial Activities for the year ended 31 March 2024
Accounting Policies
Basis of Accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued by the Charity Commission. The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Charity in furtherance of its charitable objectives.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or contained in the terms of a grant.
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.
| 2024 2023 | ||
|---|---|---|
| Notes |
Unrestricted Funds | |
| £ £ | ||
| Incoming Resources | 1 | |
| Donations | 330 1,200 | |
| Honorarium | - 100 | |
| Other Income | -300 | |
| Total Incoming Resources | 3301,600 | |
| Resources Expended: | ||
| Support Cost activities | 2 | |
| Honorarium | - 100 | |
| Members Welfare | -120 | |
| -220 | ||
| Management & Administration | 3 | |
| Printing & Stationery | 52 120 | |
| Equipment expensed | 299 - | |
| Refreshment | 30 - | |
| Subscription | 62 - | |
| Legal Fees | - 120 | |
| Professional Charges | 250 250 | |
| 693 490 |
8
Monetary Asset 4 £ Bank Account Balances: 1,027 Creditors: Professional Charges 5 500
Report and Accounts 2024: The Dayspring
Final Audit Report 2024-06-01
Created: 2024-05-31 By: Joshua Sokoya (fortciates@yahoo.com) Status: Signed Transaction ID: CBJCHBCAABAAOcD8GKvjvgJG6wb1oNl2lpzB-yVshvwC
"Report and Accounts 2024: The Dayspring" History
Document created by Joshua Sokoya (fortciates@yahoo.com)
2024-05-31 - 11:13:24 AM GMT- IP address: 79.79.212.230
Document emailed to Michael Dike (contactthedayspring@gmail.com) for signature 2024-05-31 - 11:13:27 AM GMT
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Document e-signed by Michael Dike (contactthedayspring@gmail.com)
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Agreement completed.
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