INCOME AND EXPENDITURE Prepared for TREASURE FOUNDATION INTERNATIONAL CHARITY NUMBER: 1201054 FOR PERIOD 17TH NOVEMBER 2022 - 31ST MARCH 2024
TREASURE FOUNDATION INTERNATIONAL CHURCH INFORMATION Trustees Jonny UknJjiagu Audrey Chukwukwe Chijioke Ubah Registered Office Flat 12 Loxley Hall 48 Kingswood Road London E11 1SG Examlners Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keyn8S MK8 OAJ
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2024 REPORTS The Trustees presents their report and financial statements for the year ended 31st March 2024 Objects of the Charlty The objects of the Church stated below have been set up to primarilly banefit the public: 1. Financial Empowerment - Provlde financial assistance. microloans, and income-generating programs to support widows. widowers, and underprivileged individuals in becoming self-sufficient. 2. Education & Skill Development- Offer scholarships, vocational training, and Ilteracy programs to help children and adults gain the knowledge and skills needed for a better future. 3. Healthcare Support - Ensure access to medical care. menlal health services. and wellness programs for wdoyts, widowers, and children in need. 4. Emotional & Psychological Support - Establish counseling services. support groups. and mentorship programs to help individuals cope with grlef, trauma, and social isolation. 5. Shelter & Basic Needs - Provide safe housing, food. clothing. and essential supplies to those facing extreme poverty and homelessness. 6. Advocacy & Awareness- Raise awareness about the challenges faced by widows. widowers, and underprivileged individuals, and advocate for their rights at local, national. and intemational levels. 7. Community Integration & Social Induslon - Promote social inclusion by organizing communty-building aciivitles, networking events. and empowemient workshops. 8. Legal Aid & Rights Protsction - Offer legal assistance to protect widows and widowers from thscrimination, property disputes, and social injustices. 9. Entrepreneurship & Employment Opportunities - Partner with businesses and organizations to create job plac8ments, mentorship. and business startup support for beneficiaries. 10. Sustainable Development Initiatives- Implement long-term projects such as cooperative famiing, renewable energy access. and self-sustaining community programs to enhance livelihoods.
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2024 Activities of the Charity 1. Widows & Widowers Empowerment Program - Provide vocational training, small business grants. and skill-building workshops to help thém gain financial. independen. 2. Education Sponsorshlp & School Support- Offer scholarships. school supplies, and mentorshlp programs for chlldren from underprivileged families. 3. Healthcare & Wellness Camps - Organlze free medlcal check-ups. mental health counseling, and awareness sessions on nutrition and hygiene. 4. Counseling & Emotional Support Groups- Establish grief support groups, therapy sessions. and mentorship programs for widows, widowers. and children dealing with loss. 5. Feedlng & Basic Needs Distribution - Provide food packages, clothing, and hygiene kits to stwggling families. especially in rural and underserved areas. 6. Community Development Projects - Sel up cooperative famiing, handicraft workshops. and community kitchens to create sustainable income opportunities. 7. Widows, & Widowers, Cooperative Societies - Help establish self-help groups where rnembers can save, invest, and support each other in starting small businesses. 8. Childcare & Earfy Childhood Development Centers- Provide daycar8 services, nutrition programs. and early childhood education for children of widowed parents. 9. Employment & Job Placement Programs - Partner with businesses to provide job opportunities, apprenticeships, and skill-bas8d employment for widows,, widowers, and young adults. 10. Annual Widows, & Widowers, Empowerment Conference - Host gatherings. Where beneficiaries can share experiences, network, and gain knowledge from experts in finance, health, and personal development. 11. Festival Support Programs - Organize special events. gift donations, and communty lebrations to bring joy to widowed families and orphans during fesliva seasons. 12. Emergency Relief & Disaster Assistance - Provid8 immediate aid, shelter. and medical support to widowed families affected by natural disasters or crises. 13. Spiritual & Faith-Bas&d Support (Optional) - Organize prayer groups, faith-basad counseling, and spiritual retreats to offer hope and encouragement.
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2024 Flnancial Review of the Charity The Charity's results for the year and its financial position at the end of the year are fully disclosed in the attached financial statements. The total income for the year amounted to £0.00 Tanglble fixed assets for use by the charity There are no fixed assets Committee of Members. responsibilities The charity law requires the committee of members to prepare financial statements for each financial year, which give a true view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial staternents, the committee of members is raquired: a) Select suitable accounting policies and apply them consistently, b) Make judgements and estimates that ar8 reasonable and pmd&nt' c) State whether the policies adopted are in accordance with applicable accounting standards and statements of recommended accounting practices, subject to any material departures disclosed and explained in the financial statements- d) Prepare financial statements on a going concern basis unless it is inappropriate to assume that the charity wlll continue in operation. The committee of members is responsible for keeping proper accounting records, which discloses with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act. They are also responsible for safeguarding the assets of the charity and hance for taking reasonable steps for the prevention and detection of fraud and other irregularities. Examlners A resolution to appoint Messer Trackrecords Management Sarvlc&s Llmlted as examiners for the ensuring year has been proposed and agreed at the annual general meeting in accordance with the Charities Act. Approval The report was approved by the commlttee of members on the 31 st January 2025 and signed on its behalf Stella Uche Issac
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2021 Examiners Report We have examined the financial ststements in this report. which have been prepared following the accounting policies, set out in the report. Respective responsibilitles of trustees and examiners As described in report, the trustees of the Gospel Temple, Midlands are responsible for the preparation of financial statements. It is our responsibilltles to form an independent opinion, based on our examination. on the statements and to report our opinion to you. Basis of opinion We conducted our examination in accordance with standards charity accounting and independent examination. The examination is on test basis, of the evidence relevant to the amount of disclosures in the financial st8tements. It includes an assessment of the significant eslimales and judgements made by the Committee of the members in preparation of the flnancial statements and whether the accounting policies are appropriate to the charity's circumstance. consistently applied and adequately disclosed. We planned and perfomied examination of the documents to obtain all the infomiation and explanations which we considered necessary in order to provide us with sufficient evidence to glve reasonable assuran that the financial statements are free form material rnisstatements, whether caused by fraud or other irregularities or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of the information in the statements. Oplnlon In our opinion the financial statements give a fair view of the state of the charities affairs at 31 March 2024 and of its surplus for the period ended and have properly prepared in accordance wth regulations of Charilies Act. Date: 31st January 2025 TRACKRECORDS MANAGEMENT SERVICES LIMITED UNIT 7 COCHRAN CLOSE CROWNHILL MILTON KEYNES MK6 4JH
TREASURE FOUNDATION INTERNATIONAL FOR PERIOD 17th NOVEMBER 2022- 31st MARCH 2024 Income & Expenditure 2024 Unrestrlcted Funds INCOME Total Income Total Income 0.00 0.00 EXPENDITURE Total Expenditure NET PROFIT 0.00 0.00 CONTINUING OPERATIONS: None of th8 Charlties activities were acquired or discontlnued during the abov8 financial period STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES There were no recognised gains or losses in the above financial period other than the results for the period and. accordingly no statement of total recognlsed gains and losses has been prepared. l approve the above accounts and confinn that I have made available all necessary information for their preparation Ste a Uche Issac ACCOUNTANTS REPORT We have prepared the above accounts without carying out an audit and from information from Treasure Foundation International books and records and explanations suppplied to us. Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ
TREASURE FOUNDATION INTERNATIONAL BALANCE SHEET AS AT 31st MARCH 2024 2024 Notes FIXED ASSETS Tangible assets CURRENT AsSs Debtors Current Account CREDITORS Amounts falling due Net Current Assetsl (Liabilities) Total Assets Less Current Liabilitiés NET ASSETS I (LIABILITIES) CAPITAL & RESERVES Profit and loss account Profit and loss reserve In approving these financial statements as the Trust8e of the Charity, I her8by confirm that these aoUnts have been prepared in accordanc& with the provisions applicable to the Charities Act .'Q..Trustee e Isaac ste The financial statements were approved by the board of Trustees . .2025
TREASURE FOUNDATION INTERNATIONAL BALANCE SHEET AS AT 31st MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES a) Basis of accounting The financial statements have been prepared under the historical cost convention. bl Income Income represents various financial donations received to fund the operations of the church c) Depreclation Depreciatlon is provided on tanglble assets at rates calculated to lte off the cost of each asset ov&r its 8xpected us8ful life. The ratas used on a reducing balance ar8 as follows- Equlpment. Fixtures & Fittings 250/0 straight Ilne 2. INCOME The income and profit for the year is 811 attributed to the charities principal activity. PENSIONS The Charity does not operate a pension scheme. 3. OPERATING PROFIT The operating profit is stated after charging: 2024 Depreciation of tangible fixed assets 4. TAX ON ORDINARY ACTIVITIES This represents ¢OTporation tax @0% based on profrt for the year on ordinary activities
TREASURE FOUNDATION INTERNATIONAL BALANCE SHEET AS AT 31st MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 5. TANGIBLE FIXED ASSETS Cost 31 st March 2024 Additions At 31 st March 2024 Depreciation Charge for the year At 31st March 2024 Net Book Value @ 31st March 2024 6. Debtors Debtors 7. CREDITORS-Amounts falling due less than 1 ar Creditors
TREASURE FOUNDATION INTERNATIONAL FOR PERIOD ENDING 31st MARCH 2024 Detailed Income & Expondlture Unrestricted Funds INCOME Total Income 0.00 EXPENDITURE 0.00 NET LOSS FOR YEAR 0.00
Depreciation ui Desc. Various Assets Total D*9 b hl Cost AdditTons Do char 0.00 0.00 9 2024 0.00 0.00 NBV-2024 0.00 0.00 0.00