Amhurst Park Education And Donations Charity Accounts
Amhurst Park Education And Donations Charity Accounts
COMPANY REGISTRATION NUMBER:
08384571
CHARITY REGISTRATION NUMBER:
1152424
|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Year ended 30 June 2018
Page |
|
Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
3 |
Statement of financial activities (including income and expenditure account) |
4 |
Statement of financial position |
5 |
Statement of cash flows |
6 |
Notes to the financial statements |
7 |
|
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 30 June 2018
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
30 June 2018
.
Reference and administrative details
Registered charity name |
|
Charity registration number |
|
Company registration number |
|
Principal office and registered |
Hallswelle House |
office |
1 Hallswelle Road |
London |
|
NW11 ODH |
|
The trustees
|
||
|
||
|
||
Independent examiner |
|
Hallswelle House |
|
1 Hallswelle Road |
|
London |
|
NW11 0DH |
|
Structure, governance and management
Amhurst Park Education and Donations is a charity company. It has no share capital and is limited by guarantee.
The charity is organised so that the Governors meet regularly to manage its affairs. There are no paid employees and all administration work is carried out on a voluntary basis by the Governors.
The Governors have considered the guidance published by the Charity Commission and believe that the charity in carrying out its objectives, fully complies with these requirements. In particular the provision of funding for the education of children and adults in accordance with the principles of traditional Judaism and the support of associated communal charitable institutions such as synagogues and homes for the ederly and infirm automatically gives rise to a public benefit. Each year the Governors review the objectives and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review the Governors have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
The appointment and recuitment of new Governors is as laid out in the Charity's Memorandum and Articles of Association. New Governors would be trained as deemed appropriate.
The charity's Memorandum and Articles of Association authorises the Governors to make and hold investments.
Objectives and activities
The objects of the charity are to carry on in the United Kingdom or elsewhere the provision of education of the highest order and to provide religious instructions and training therein in accordance with the doctrines and principles of traditional Judaism and generally to foster education and moral and religious training in accordance with the said principles.
In furtherance of its objects the charity will advance and donate money to and support other charities with objects similar to thosec detailed above.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
RISK MANAGEMENT
The Governors have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate such risks.
RESERVES POLICY
It is the Governors desire to build up and maintain free reserves of the company at a level which the trustees believe is appropriate after considering both future commitments of the charity and the likely future administration costs of the charity. At this time the Governors believe that prudence dictates that these reserves should equate to at least three years average charitable distributions.
Financial review
The financial position of the charity is as reflected in the attached Balance Sheet. The retained distributable reserves are less than that considered desirable by the Governors in accordance with their Reserve Policy.
The attached accounts set out the results for the year ended 30th June 2017 and reflect the state of the company's affairs at that date.
The charity does not partake in external funding activities. Funds are derived on an annual basis from independant companies associated with the Governors and this source has enabled the charity to carry out its activities.
Plans for future periods
The Governors objectives for the future are to continue to carry out the activities as detailed in their report.
The trustees' annual report and the strategic report were approved on
11 April 2019
and signed on behalf of the board of trustees by:
|
Trustee |
|
Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
|
Year ended 30 June 2018
I report to the trustees on my examination of the financial statements of
Amhurst Park Education And Donations
('the charity') for the year ended 30 June 2018.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1.
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4.
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Independent Examiner
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
11 April 2019
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
Year ended 30 June 2018
2018 |
2017 |
||
Unrestricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
Income and endowments
Donations and legacies |
5 |
|
|
|
------- |
------- |
-------- |
||
Total income |
|
|
|
|
------- |
------- |
-------- |
||
Expenditure
Expenditure on charitable activities |
6,7 |
|
|
|
------- |
------- |
-------- |
||
Total expenditure |
|
|
|
|
------- |
------- |
-------- |
||
------- |
------- |
-------- |
|
Net expenditure and net movement in funds |
(
|
(
|
(
|
------- |
------- |
-------- |
|
Reconciliation of funds
Total funds brought forward |
|
|
|
-------- |
-------- |
-------- |
|
Total funds carried forward |
|
|
|
-------- |
-------- |
-------- |
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
|
Company Limited by Guarantee |
Statement of Financial Position |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible fixed assets |
11 |
|
|
|
Current assets
Debtors |
12 |
|
|
|
Cash at bank and in hand |
|
|
||
------- |
------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
13 |
|
|
|
------------ |
------------ |
|||
Net current liabilities |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
------- |
-------- |
|||
Net assets |
|
|
||
------- |
-------- |
|||
Funds of the charity
Unrestricted funds |
|
|
||
------- |
-------- |
|||
Total charity funds |
14 |
|
|
|
------- |
-------- |
|||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of trustees
and authorised for issue on
11 April 2019
, and are signed on behalf of the board by:
|
Trustee |
|
Company Limited by Guarantee |
Statement of Cash Flows |
Year ended 30 June 2018
2018 |
2017 |
|
£ |
£ |
|
Cash flows from operating activities
Net expenditure |
(3,255) |
(2,485) |
Adjustments for: |
||
Interest payable and similar charges |
|
|
Accrued income |
(
|
(
|
Changes in: |
||
Trade and other debtors |
|
|
------- |
------- |
|
Cash generated from operations |
|
(
|
Interest paid |
(
|
(
|
---- |
------- |
|
Net cash from/(used in) operating activities |
|
(
|
---- |
------- |
|
Net increase/(decrease) in cash and cash equivalents |
|
(
|
Cash and cash equivalents at beginning of year |
2,339 |
3,880 |
------- |
------- |
|
Cash and cash equivalents at end of year |
|
|
------- |
------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 30 June 2018
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 ODH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
4.
Limited by guarantee
The charity is a limited company, limited by guarantee and accordingly has no share capital.
5.
Donations and legacies
Unrestricted Funds |
Total Funds 2018 |
Unrestricted Funds |
Total Funds 2017 |
||
£ |
£ |
£ |
£ |
||
Donations
Donations Received |
5,000 |
5,000 |
10,000 |
10,000 |
|
------- |
------- |
-------- |
-------- |
||
6.
Expenditure on charitable activities by fund type
Unrestricted Funds |
Total Funds 2018 |
Unrestricted Funds |
Total Funds 2017 |
||
£ |
£ |
£ |
£ |
||
Insurance |
6,806 |
6,806 |
10,938 |
10,938 |
|
Support costs |
1,449 |
1,449 |
1,547 |
1,547 |
|
------- |
------- |
-------- |
-------- |
||
|
|
|
|
||
------- |
------- |
-------- |
-------- |
||
7.
Expenditure on charitable activities by activity type
Activities undertaken directly |
Support costs |
Total funds 2018 |
Total fund 2017 |
||
£ |
£ |
£ |
£ |
||
Insurance |
6,806 |
– |
6,806 |
10,938 |
|
Governance costs |
– |
1,449 |
1,449 |
1,547 |
|
------- |
------- |
------- |
-------- |
||
|
|
|
|
||
------- |
------- |
------- |
-------- |
||
8.
Independent examination fees
2018 |
2017 |
|
£ |
£ |
|
Fees payable to the independent examiner for:
Independent examination of the financial statements |
1,200 |
1,200 |
------- |
------- |
|
9.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2018 |
2017 |
|
£ |
£ |
|
The average head count of employees during the year was Nil (2017: Nil).
No employee received employee benefits of more than £60,000 during the year (2017: Nil).
10.
Trustee remuneration and expenses
-
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11.
Tangible fixed assets
Land and buildings |
|
£ |
|
Cost |
|
At 1 July 2017 and 30 June 2018 |
|
------------ |
|
Depreciation |
|
At 1 July 2017 and 30 June 2018 |
– |
------------ |
|
Carrying amount |
|
At 30 June 2018 |
|
------------ |
|
At 30 June 2017 |
|
------------ |
|
12.
Debtors
2018 |
2017 |
|
£ |
£ |
|
Other debtors |
|
|
------- |
------- |
|
13.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Accruals and deferred income |
|
|
Amounts owed to fellow charities |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
14.
Analysis of charitable funds
Unrestricted funds
At 1 July 2017 |
Income |
Expenditure |
At 30 June 2018 |
|
£ |
£ |
£ |
£ |
|
General funds |
10,729 |
5,000 |
(8,255) |
7,474 |
-------- |
------- |
------- |
------- |
|
At 1 July 2016 |
Income |
Expenditure |
At 30 June 2017 |
|
£ |
£ |
£ |
£ |
|
General funds |
13,214 |
10,000 |
(12,485) |
10,729 |
-------- |
-------- |
-------- |
-------- |
|
15.
Analysis of net assets between funds
Unrestricted Funds |
Total Funds 2018 |
||
£ |
£ |
||
Tangible fixed assets |
– |
– |
|
Current assets |
– |
– |
|
---- |
---- |
||
Net assets |
– |
– |
|
---- |
---- |
||
Unrestricted Funds |
Total Funds 2017 |
||
£ |
£ |
||
Tangible fixed assets |
1,362,264 |
2,724,528 |
|
Current assets |
8,079 |
16,158 |
|
------------ |
------------ |
||
Net assets |
1,370,343 |
2,740,686 |
|
------------ |
------------ |
||