INCOME AND EXPENDITURE Prepared for TREASURE FOUNDATION INTERNATIONAL CHARITY NUMBER: 1201054 FOR PERIOD 1st APRIL 2024 - 31ST MARCH 2025
TREASURE FOUNDATION INTERNATIONAL CHURCH INFORMATION Trustees Jonny Ukwujiagu Audrey Chukwukwe Chijioke Ubah Registered Office Flat 12 Loxley Hall 48 Kingswood Road London E111SG Examiners Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2025 REPORTS The Trustees presents their report and financial statements for the year ended 31 st March 2025 Objects of the Charity The objects of the Church stated below have been set up to primarilly benefit the public: 1. Financial Empowerment - Provide 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 literacy programs to help children and adults gain the knowledge and skills needed for a better future. 3. Healthcare Support - Ensure access to medical care, mental health services, and wellness programs for widows, widowers, and children in need. 4. Emotional & Psychological Support - Establish counseling services. support groups, and mentorship programs to help individuals cope with grief. 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 international levels. 7. Community Integration & Social Inclusion - Promote social inclusion by organizing community-building activities, networking events, and empowerment workshops. 8. Legal Aid & Rights Protection - Offer legal assistance to protect widows and widowers from discrimination, propety disputes, and social injustices. 9. Entrepreneurship & Employment Opportunities - Partner with businesses and organizations to create job placements, mentorship, and business startup support for beneficiaries. 10. Sustainable Development Initiatives - Implement long-term projects such as cooperative farming, renewable energy access, and self-sustaining community programs to enhance livelihoods.
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2025 Activities of the Charity 1. Widows & Widowers Empowerment Program - Provide vocational training, small business grants, and skill-building workshops to help them gain financial. independence. 2. Education Sponsorship & School Support - Offer scholarships, school supplies, and mentorship programs for children from underprivileged families. 3. Healthcare & Wellness Camps - Organize free medical 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. Feeding & Basic Needs Distribution - Provide food packages, clothing, and hygiene kits to struggling families, especially in rural and underserved areas. 6. Community Development Projects - Set up cooperative farming, handicraft workshops, and community kitchens to create sustainable income opportunities. 7. Widows, & Widowers, Cooperative Societies - Help establish self-help groups where members can save, invest, and support each other in starting small businesses. 8. Childcare & Early Childhood Development Centers - Provide daycare services, nutrition programs, and early childhood education for children of widowed parents. 9. Employment & Job Plament Programs - Partner with businesses to provide job opportunities, apprenticeships, and skill-based 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 community celebrations to bring joy to widowed families and orphans during festive seasons. 12. Emergency Relief & Disaster Assistance - Provide immediate aid, shelter, and medical support to widowed families affected by natural disasters or crises. 13. Spiritual & Faith-Based Support (Optional) - Organize prayer groups, faith-based counseling, and spiritual retreats to offer hope and encouragement.
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31 MARCH 2025 Financial 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 restricted income for the year amounted to £500.00 Tangible 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 statements, the committee of members is required: a) Select suitable accounting policies and apply them consistently; b) Make judgements and estimates that are reasonable and prudent; 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 concem basis unless it is inappropriate to assume that the charity will 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 hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Examiners A resolution to appoint Messer Trackrecords Management Services Limited 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 committee of members on the 31st January 2026 and ne ehalf tell he Issac
TREASURE FOUNDATION INTERNATIONAL FOR THE YEAR ENDED 31st MARCH 2025 Examiners Report We have examined the financial statements in this report, which have been prepared following the accounting policies, set out in the report. Respective responsibilities 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 responsibilities 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 statements. It includes an assessment of the significant estimates and judgements made by the committee of the members in preparation of the financial statements and whether the accounting policies are appropriate to the charity's circumstance. consistently applied and adequately disclosed. We planned and performed examination of the documents to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free form material misstatements, 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. Opinion In our opinion the financial statements give a fair view of the state of the charities affairs at 31 March 2025 and of its surplus for the period ended and have properly prepared in accordance with regulations of Charities Act. Date: 31st January 2026 TRACKRECORDS MANAGEMENT SERVICES LIMITED UNIT 7 COCHRAN CLOSE CROWNHILL MILTON KEYNES MK8 OAI
TREASURE FOUNDATION INTERNATIONAL FOR PERIOD 1ST APRIL 2024- 31st MARCH 2025 Income & Expenditure 2025 Unrestricted Funds Unrestricted Funds 2024 Restricted Funds INCOME Total Income Total Income 500.00 0.00 0.00 0.00 0.00 EXPENDITURE Total Expenditure NET LOSS 500.00 2,915.00 2,915.00 CONTINUING OPERATIONS: None of the Charities activities were acquired or discontinued during the above 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 recognised gains and losses has been prepared. l approve the above accounts and confirm that I have made available all neces n for their preparation Stell hel ACCOUNTANTS REPORT We have prepared the above accounts without carrying 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 2025 2025 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Current Account CREDITORS Amounts falling due -2,915 Net Current Assets/ (Liabilities) Total Assets Less Current Liabilities -2,915 -2,915 NET ASSETS / (LIABILITIES) -2,915 CAPITAL & RESERVES Profit and loss account Profit and loss reserve -2,915 -2,915 In approving these f these accounts hav Charities Act ancial statements as the Trustee of the Charity, I hereby confirm that been prepared in accordance with the provisions applicable to the .Trustee he Isaac The financial statements were approved by the board of Trustees . .2026
TREASURE FOUNDATION INTERNATIONAL BALANCE SHEET AS AT 31st MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES a) Basis of accounting The financial statements have been prepared under the historical cost convention. b) Income Income represents various financial donations received to fund the operations of the church c) Depreciation Depreciation is provided on tangible assets at rates calculated to write off the cost of each asset over its expected useful life. The rates used on a reducing balance are as follows: Equipment, Fixtures & Fittings 25 % straight line 2. INCOME The income and profit for the year is all 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: 2025 Depreciation of tangible fixed assets 4. TAX ON ORDINARY ACTIVITIES This represents corporation tax @O % based on profit for the year on ordinary activities
TREASURE FOUNDATION INTERNATIONAL BALANCE SHEET AS AT 31st MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS 5. TANGIBLE FIXED ASSETS Cost 31 st March 2025 Additions At 31 st March 2025 Depreciation Charge for the year At 31 st March 2025 Net Book Value @ 31st March 2025 6. Debtors Debtors 7. CREDITORS-Amounts falling due less than 1 year Creditors -2,915 -2,915
TREASURE FOUNDATION INTERNATIONAL FOR PERIOD ENDING 31st MARCH 2025 Detailed Income & Expenditure Restricted Funds Unrestricted Funds INCOME Total Income 500.00 0.00 EXPENDITURE 12 Bags of Rice & £60 150 Bottles of Oil @5 150 Tins of Tomato Puree @ £0.80 Small bags of Salt Seasonings ( Various Spices) 3 Bags of Garri Bags of Drinking Water Boxes of Biscuits for Children Fuel for Transport and Delivery 20 Pieces of Blood Pressure Monitors Volunteers Expenses (Transport, Refreshment) 720.00 750.00 120.00 150.00 350.00 225.00 0.00 200.00 150.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 250.00 0.00 0.00 250.00 250.00 2,915.00 0.00 500.00 NET LOSS FOR YEAR -2,915.00
Depreciation BV 0.00 0.00 NBV-2 0.00 0.00 Various Assets Total 0.00 0.00 0.00 0.00