## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** **COMMUNITY RELIEF AND EMPOWERMENT FOUNDATION UNAUDITED FINANCIAL STATEMENTS AND ACCOUNTS FOR THE YEAR ENDED 31 JAN 2025** **Charity number: 1203885** ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** |**Content**|**Page**| |---|---| |Administrative details, trustees and advisers|1| |Trustees' report|2 - 4| |Independent examiner's report|5 - 6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 11| The following pages 3-5 do not form part of the statutory financial statements: 2 **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **ADMINISTRATIVE DETAILS, TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JAN 2025** ## **Trustees** Abiodun Olugboji (Chair) Temitope Adebiyi (Trustee) Perpetua Norville (Secretary) **Charity registration number** 1203885 ## **Registered Office** 102 Churchill Avenue Chatham Kent ME5 0DH **Trading Office** 44 High Street Plumstead London SE18 0DHSL ## **Administrator** Temitope Adebiyi **Bankers** Barclays Bank plc ## **Independent Examiners** BDR Associates Practising Accountant & Tax Consultants 46B Plumstead Road London SE18 1SL 3 **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JAN 2025** The trustees present their annual report together with the financial statements of Community Relief and Empowerment Foundation (the charity) for the year ended 31 January 2025. The Trustees confirm that the Annual report and financial statements of the charity comply with the 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" issued in March 2005. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **a. Constitution** The charity is constituted under a governing document, dated 25 January 2023, as a registered CIO with charity number 1203885. ## **b. Method of Appointment or Election of Trustees** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution of the CIO. ## **c. Policies adopted for the induction and training of trustees** The induction process for any newly appointed member of the trustees comprises an initial meeting with the chair and other trustees, followed by a series of short meetings with the administrator on the powers and responsibilities of the Trustees. ## **d. Organisational structure and decision making** The charity is organised so that the trustees meet regularly to manage its affairs. There is a part-time administrator, who manages the administration of the charity. ## **e. Risk management** The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. ## **OBJECTIVES AND ACTIVITIES** ## **a. Policies and objectives** The objects of the charity are: To relieve financial hardship for the public benefit by distributing clothes, food, educational materials and general humanitarian assistance to those in need who are socially and economically disadvantaged. Each year the trustees review the objectives and activities to ensure that they continue to reflect the charity’s aims. In carrying out this review the trustees consider the Charity Commission's general guidance on public benefit. ## **b. Strategies for achieving objectives** The charity has adopted the following strategies for achieving the above objectives – distributing food, clothes and relief materials and organising seminars with leaders and ministers of religion to guide the general public as well as support for other charities. ## **c. Activities for achieving objectives** Various relief / support activities Community outreach Events Provision of welfare support to needy members of the public Conferences & Events 4 ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **d. Volunteers** The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision. It is estimated that over 1,012 volunteer hours were provided during the year. If this is conservatively valued at £12.95 per hour, the volunteer efforts amount to over £13,105. ## **ACHIEVEMENTS AND PERFORMANCE** ## **a. Review of activities** There is rapid growth in the activities of the charity during the year in accordance with the objectives set out in the charity’s constitution. ## **b. Investment policy and performance** The trustees have decided that at present, funds should be retained in banks and building societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts. ## **FINANCIAL REVIEW** ## **a. Reserves policy** The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. ## **b. Principal funding** This is provided mainly through voluntary tithes and offerings by the charity members and potentially through the gift aid scheme. Donations are also taken for specific projects. ## **PLANS FOR THE FUTURE** ## **a. Future developments** The charity continues to explore various ways of expanding its activities in an effective manner and is also looking to grow in size and continue to develop its activities to make life-changing impact in the society. This report was approved by the Trustees on and signed on their behalf, by: ## Temitope Adebiyi ## Abiodun Olugboji Temitope Adebiyi (Trustee) Abiodun Olugboji (Chair) Dated -28 May 2025 30 May 2025 5 ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES** I report on the financial statements of the charity for the year ended 31 January 2025 which are set out on pages 7 to 11. This report is made solely to the charity's trustees, as a body, in accordance with Section 43 of the Charities Act 1993 and regulations made under Section 44 of that Act. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Respective responsibilities of trustees and examiner** The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. The charity's gross income does not exceed the stipulated threshold and I am qualified to undertake the examination by being a qualified, licensed fellow of the Association of International Accountants (AIA). It is my responsibility to: - examine the financial statements under section 43 of the Act; · follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the Act; and state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as 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 financial statements 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 gives me reasonable cause to believe that in any material respect the requirements: · to keep accounting records in accordance with section 41 of the Act; and · to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. BDR Associates Signed 06 June 2025 Dated: 6 ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 January 2025** ## **(Incorporating income and expenditure account)** |Gross Incoming Resources
Direct Expenses
Net Incoming Resources
Less- Administrative
Expenses
Excess of Expenditure over
Income|**Note**
**2**
**2a**
**3**|**£**
18,320
(1,650)| |---|---|---| |||16,670
(15,390)| |||1,280| The notes on pages 9 to 11 form part of these financial statements. 7 ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **BALANCE SHEET AS AT 31 January 2025** |**Fixed Assets**
Tangible Assets
**Current Assets**
Inventory
Prepayments
Bank
**Current Liabilities**
Creditors (due within 1yr)
**Net Current Assets/(Liabilities)**
**Net Total Assets/(Liabilities)**
**Unrestricted Funds**|**Note**
**4**
**5**
**6**|**£**
7,020
2,885
2,640
120
5,645
(6,980)
(1,335)
5,685
5,685| |---|---|---| The financial statements were approved by the trustees and signed on their behalf, by: ## Temitope Adebiyi ## Abiodun Olugboji Temitope Adebiyi (Trustee) Abiodun Olugboji (Chair) ## Dated -18 July 2025 20July 2025 The notes on pages 9 to 11 form part of these financial statements. 8 **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 January 2025** ## **ACCOUNTING POLICIES** ## **1. Basis of preparation of financial statements** The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards. ## **2. Incoming resources** All incoming resources are included in the Statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. a. Charity collections are recognised when received by or on behalf of the charity. b. Planned giving received under Gift Aid is recognised only when received. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation (although the charity is yet to claim gift aid). Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **3. Expenditure / administrative expenses** All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. |Direct Expenses (2a)
Rent
Service Charges
Light & Heating
Cleaning
Telephone & Internet
Stationery & Printing
Transportation
Storage Expenses
Depreciation
Accounting fees||**£**
1,650
4,250
850
750
550
1,250
1,340
1,550
2,295
785
1,770| |---|---|---| ||15,390|| 9 **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **NOTES TO THE ACCOUNTS (continued)** ## **4. Tangible fixed assets and depreciation** Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their 6expected useful lives on the following bases: ## **Asset Basis** |Motor vehicles|-|20% straight|line (pro-rata|in the first year)|| |---|---|---|---|---|---| |Fixture & fittings|-|20% straight|line (pro-rata|in the first year)|| |Computer equipment|-|20% straight|line (pro-rata|in the first year)|| |||**Motor**
**Vehicle**|**Fixt. &**
**Fittings**|**Comp.**
**Equipment**|**Total**| |**Tangible Fixed Assets**||£|£|£|£| |**Cost**|||||| |At 31 JAN 2025||1,280|2,640|2,840|6,760| |**Additions**|||||| |Year Ending 31/01/2025||0|785|260|1045| |**Depreciation**|||||| |Charge for the Year||150|310|325|785| |**Net Book Value**||1,130|3,115|2,775|7,020| All assets costing more than £500 are capitalised. The policy with respect to impairment reviews of fixed assets is for tangible fixed assets to be stated at cost less depreciation. ## **5. Inventory** Inventory consists of items for public distribution, stationery and computer consumables in stock at the end of the year which are valued at the lower of cost of net realisable value. ## **6. Prepayments** These are services paid for yet to be consumed in the ordinary course of charity activities. ## **7. Unrestricted fund** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 10 ## **COMMUNITY RELIEF & EMPOWERMENT FOUNDATION TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** ## **NOTES TO THE ACCOUNTS (continued)** ## **Unrestricted fund** **£** Gross Incoming Resources 18,320 Less- Administrative Expenses (17,040) Unrestricted Funds (31 JAN 2025) 1,280 11