**WATERED OAK**
## **The Watered Oak Ministry (WATERED OAK) Charity Registration No: 1206087 (England and Wales)**
**Trustees’ Reports and Statement of Financial Activities For the period from 06 December 2023 to 31 December 2024**
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## **WATERED OAK**
## **Contents**
|Legal and Administrative Information|3|
|---|---|
|Trustees’ Report|4|
|Statement of trustees’ responsibilities|5|
|Statement of financial activities (SOFA)|7|
|Charity Balance Sheet|8|
|Notes to the charity accounts|9|
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## **WATERED OAK**
**Report and financial statements – For the period from 06 December 2023 to 31 December 2024 Legal and Administrative Information**
## **Trustees**
Mr O.Ekisola (Chairman) Mr K S Afolabi (Secretary) Mrs O R Oketikun
## **Registered address**
10 GWBERT CLOSE RUMNEY CARDIFF CF3 1QY
## **Solicitors**
None appointed during the year
**Bankers** Metro Bank
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## **Report of the Board of Trustees of the Watered Oak Ministry**
The trustees present their annual report on the affairs of the charity, together with the statement of financial activities for the period from 06 December 2023 to 31 December 2024.
The accounts have been prepared to comply with the charity’s Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” Issued in March 2005.
The Trustees meet regularly to discuss the objectives and day to day issues of the charity and are all provided with training in order to carry out their duties to the best of their abilities and in the best interest of the charity. All the trustees are volunteers and receive no income for the duties.
## **Objectives and activities**
The Charity's objectives are to provide support related to religious faith in Cardiff, Newport, and surrounding areas through activities such as prayer meetings, raising awareness of beliefs and practices, observing religious festivals, and community outreach including peer support.
When planning activities, the charity priorities public benefit through:
- Organising conference and seminar for empowerment and transformation
- Development of mindset and leadership
- Community engagement.
There are several empowerment meetings that takes place weekly online and physical
## **Financial Review**
The statement of Financial Activities on Page 7 shows a net gain of £39.53
The trustees consider the state of the charity’s affairs to be satisfactory.
The principal funding sources of the charity are donations from individuals. All expenditure in the year has been in the furtherance charity work and organising seminar / conference.
## **Statement of Trustees’ responsibilities**
The Trustees of Watered Oak are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and the Statement of Recommended Practices (SORP).
Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed; and
## **WATERED OAK**
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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## **Responsibilities of Trustees**
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2006. The Trustees’ responsibilities for preparing an annual report and financial statements in accordance with the applicable laws and United Kingdom Accounting Standards (i.e. Statement of Recommended Practice - SORP) are set out in the statement of Trustees’ responsibilities.
## **Statement of Financial Activities (including income and expenditure For the period ended 31/12/2024**
|**Notes**
Incoming Resources
1.2
Gift Aid
1.3
Other Income
**Total Incoming Resources**
Resources Expended
1.4
**Total Resources Expended**
**Net Movement in Funds**|**Period**
**06/12/2023**
**–**
**31/12/2024**
**Comparative**
**period (nil)**
**£**
**£**
4,620
0
0
0
0
0|
|---|---|
||4,620
0|
||4,580
0|
||4,580
0|
|||
||40
0|
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## **Watered Oak**
## **Charity balance sheet For the year ended 31/12/2024**
|**Notes**
**Assets**
Fixed Assets
Cash
**Total**
**Liabilities**
Creditors: amounts falling due
within more than one year
**Total Net Assets**
**TOTAL CHARITY FUND**|**Period**
**06/12/2023 –**
**31/12/2024**
**Comparative**
**period (nil)**
**£**
**£**
0
0
40
0|
|---|---|
||**40**
**0**|
||-
-|
||**40**
**0**|
|||
||**40**
**0**|
The financial statements of The Watered Oak Ministry were approved by the Board of Trustees on__03/10/2025_____________________________
Signed on behalf of the Board of Trustees
_____Olusegun E___________________________
Olusegun Ekisola
Chairman / Trustee
## **Charity Registration No: 1206087**
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## **Notes to the Charity accounts for the period from 06 December 2023 to 31 December 2024. Accounting Policies**
## **1.1 Basis of Preparation**
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2006.
## **1.2 Incoming Resources**
Incoming resources are voluntary contributions from members and supporters to further the charity’s objectives
The charity does not hold any restricted funds.
## **1.3 Gift Aid**
There was no reclaim of Gift Aid from HM Revenue & Customs (HMRC) during the period.
## **1.4 Resources Expended**
Welfare: Are the resources that were used to care for the needy during outreaches and distribution of material
Conference: The annual empowerment programme organised by the Charity to strengthen people faith and growth.
Administration and Travel: These were the general running cost of the charity during the year.
|Conference and Seminar
Welfare and outreach
**Total**|**Period 06/12/2023 –**
**31/12/2024**
**Comparative**
**period (nil)**
**£**
**£**
1,739
0
2,841
0|
|---|---|
||4,580
0|
## **1.6 Creditors**
|Outstanding Creditor at 06/12/2023
Payments made in the year
Outstanding Creditor at 31/12/2024|**£**
0.00
0.00|
|---|---|
||0.00|
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