FRESH FOUNTAIN CHRISTIAN NETWORK Reports and Financial Statements
Legal and administrative information
Status
Registered charitable organisation since 9 January 2024.
Trustees
Solomon Aja (Chairman) Chukwudi Okebaram Anthony Omeike
Correspondence address
Sherwood House, 7 Gregory Boulevard Nottingham. NG7 6LB.
Charity's operations address
Sherwood House
7 Gregory Boulevard, Nottingham. NG7 6LB.
Registered charity number
1206452
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Trustees' Report
The trustees presents its report and the unaudited financial statements for the year ended 31 January 2025.
Activities
Introduction:
As part of our ongoing commitment to serve and support our local community, Fresh Fountain Network has undertaken several charitable initiatives between March 2024 and January 2025. These programmes were primarily targeted at addressing food insecurity and promoting youth engagement and wellbeing. This report outlines the charitable activities carried out within the reporting period, their dates, objectives, and outcomes.
Summary of Charity Activities
1. Community Food Bank – 23rd March 2024
A food distribution programme was organised to support families and individuals in need within our community. Non-perishable food items, toiletries, and basic household essentials were distributed to over 70 households. Responsibilities and basis of preparation of the report
2. Youth Football Tournament Sponsorship – 2[nd] April 2024
We sponsored a local youth football tournament at the Forest Field ground to encourage physical activity, teamwork, and youth participation in community-building efforts. The event brought together four local teams, with over 60 youths participating. Trophies and refreshments were provided.
3. University/College Student Food Bank – 18th May 2024
In response to rising living costs affecting students, a targeted food bank was held for university and college students in Nottingham. More than 30 students benefited from this initiative, which included cereal packs, snacks, groceries and hygiene kits.
4. Community Food Bank – 6th October 2024
A second general food bank programme was held to continue our support for vulnerable community members. This event supported over 65 individuals and families.
5. Sunday Food Bank Series – 3rd, 10th, and 17th November 2024
A three-part food bank series was conducted over three consecutive Sundays in November to meet growing demands in the run-up to winter. Each session catered to between 40 and 55 households, providing essential food and personal care items.
6. Student 'Welcome Back to School' Food Bank – 23rd February 2025
This programme was aimed at supporting students returning to school after Christmas break. School supplies, snacks, and hygiene products were distributed to more than 15 students across various academic levels.
Conclusion
We remain committed to making a positive impact in our local community through sustained charitable activities. These programmes would not have been possible without the generous donations of our members and the efforts of our dedicated volunteers.
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FRESH FOUNTAIN CHRISTIAN NETWORK Reports and Financial Statements
Responsibilities and basis of preparation of the report
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and 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.
Signed on behalf of the trustees
Pastor Chima Kanu (Senior Pastor)
Date ……………………………….
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Independent Examiner's report to the Trustees
Year Ended 31ST JANUARY 2025.
I report on the accounts of the Charity for the Year ended 31st July 2024 which are set out on pages 5 to 8 of this report.
Respective responsibilities of trustees and examiner :
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 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 43 of the 1993 Act; to follow the procedures laid down in the general directions given by the Charity Commission under section 43(7)b of the 1993 Act; and to 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 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 gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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 accounts to be reached.
JSO Accountancy
65 Sundew Road Bristol BS16 7NP.
Date.....................................................
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 January 2025
| Unrestricted Funds Notes £ Incoming resources: Voluntary Donations 42,957 Total Incoming resources 42,957 Resources Expended: Resources Expended 5 37,756 Total Resources Expended 37,756 Net Surplus / (Deficit) for the year 5,201 Opening Funds - Closing Funds 5,201 |
Total Total Funds Funds 2025 2024 £ £ 42,957 42,957 - 37,756 37,756 - 5,201 0 - 5,201 - |
|---|---|
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Balance Sheet as at 31 January 2025
| Fixed assets Freehold Premises Equipment Furniture Equipment Current assets Debtors Cash at Bank and in Hand Less: Current Liabilities Net Assets Unrestricted Funds Signed on behalf of the trustees …………………………………………….. Pastor Chima Kanu REPRESENTED BY: |
Notes 2 2 2 3 3 |
£ £ £ £ - - - - - 5,676 5,676 - (475) 5,201 - 5,201 - 5,201 5,201 - ………………………………. Date 2025 2024 |
|---|---|---|
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31 January 2025
1. Accounting policies
a) The financial statements have been prepared under the Statement of Recommended Practice - Accounting and Reporting by Chariities, issued in March 2005 and follows the Charities (Accounts and Reports) Regulations 2008.
b) Voluntary income is received by the way of members commitment to religious service tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
-
Equipment 20%
-
Furniture 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
2. Tangible Fixed Assets
| Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Cost: As at 1 February 2024 Addition As at 31 January 2025 Depreciation: As at 1 February 2024 Charge As at 31 January 2025 Net Book Value: As at 31 January 2025 As at 1 February 2024 |
Equipment £ - - - - - |
Furniture £ - - - - - |
Buildings £ |
Total £ - - |
| - - |
||||
| - | ||||
| - | ||||
| - |
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FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31 January 2025
| 3 Debtors & Prepayments Member Loans 4. Current Liabilities Trade Creditors & Accruals 5. Total Resources Expended Events & Outreach Cost Rent & Rates Travelling and Motor Expenses Telephone & Internet Multimedia Repairs & Consumables Books & Clergy Items Accountancy Fees Bank Charges & Interest Total |
2025 £ 2025 £ 475 475 2025 Total £ 14,339 15,882 1,108 512 4,685 690 475 65 37,756 |
2024 £ |
|
|---|---|---|---|
| 2024 £ 475 |
|||
| 475 | |||
| 2024 Total £ - - - - - - - - - |
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Registered Charity No: 1206452
FRESH FOUNTAIN CHRISTIAN NETWORK
Reports and Financial Statements Year ended: 31 January 2025
FRESH FOUNTAIN CHRISTIAN NETWORK Reports and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2 | Report of the Management Committee |
| 3 | Independent Examiners Report |
| 4 | Statement of Financial Activities |
| 5 | Balance Sheet |
| 6-7 | Notes forming part of the financial statements |