The Common Good Foundation - Charities report - 19.2

The Common Good Foundation - Charities report - 19.2

THE COMMON GOOD FOUNDATION - Company Information

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IRIS Accounts Production v19.2.0.596 Other Company accounts True False Pounds 1.2.18 31.1.19 31.1.19 FY B P Andradi B P Andradi FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True False True False True iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088356022018-01-31088356022019-01-31088356022018-02-012019-01-31088356022017-01-31088356022017-02-012018-01-31088356022018-01-3108835602ns0:CharitableCompanyLimitedByGuarantee2018-02-012019-01-3108835602ns15:PoundSterling2018-02-012019-01-3108835602ns0:Trustee12018-02-012019-01-3108835602ns11:FRS1022018-02-012019-01-3108835602ns11:IndependentExaminationCharity2018-02-012019-01-3108835602ns11:LargeMedium-sizedCompaniesRegimeForAccounts2018-02-012019-01-3108835602ns11:FullAccounts2018-02-012019-01-3108835602ns11:CharitiesSORP2018-02-012019-01-3108835602ns16:EnglandWales2018-02-012019-01-3108835602ns11:RegisteredOffice2018-02-012019-01-3108835602ns0:Trustee22018-02-012019-01-3108835602ns0:Trustee32018-02-012019-01-3108835602ns0:Trustee42018-02-012019-01-3108835602ns0:Activity82018-02-012019-01-3108835602ns0:Activity82017-02-012018-01-3108835602ns10:WithinOneYear2019-01-3108835602ns10:WithinOneYear2018-01-3108835602ns10:ComputerEquipment2018-02-012019-01-310883560222018-02-012019-01-3108835602ns10:OwnedAssets2018-02-012019-01-3108835602ns10:OwnedAssets2017-02-012018-01-3108835602ns0:GBP60001ToGBP700002018-02-012019-01-3108835602ns0:GBP60001ToGBP700002017-02-012018-01-3108835602ns0:GBP70001ToGBP800002018-02-012019-01-3108835602ns0:GBP70001ToGBP800002017-02-012018-01-3108835602ns10:ComputerEquipment2018-01-3108835602ns10:ComputerEquipment2019-01-3108835602ns10:ComputerEquipment2018-01-31
REGISTERED COMPANY NUMBER: 08835602 (England and Wales)
REGISTERED CHARITY NUMBER: 1163668












REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 JANUARY 2019
FOR
THE COMMON GOOD FOUNDATION
Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY









THE COMMON GOOD FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2019










Page

Report of the trustees 1 to 2

Independent examiner's report 3

Statement of financial activities 4

Statement of financial position 5

Notes to the financial statements 6 to 10

THE COMMON GOOD FOUNDATION
REPORT OF THE TRUSTEES
for the Year Ended 31 January 2019
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 January 2019. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2015).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To deepen the general public's understanding of citizenship, encourage leadership and participation of those who are
disadvantaged and excluded, and emphasise both the importance of civic and religious harmony to improve the lives of
people in the UK and beyond and the necessity of poor people in citizenship for the reduction of poverty.

Significant activities
The provision of lectures, the running of leadership training courses, meetings and events which includes marginalised
and disadvantaged communities.

Public benefit
The goal is to promote religious harmony by seeking a meeting and conversation between people who are not talking to
each other, or do not know each other. It seeks good citizenship by encouraging peaceful co-operation of matters of
common concern for the public benefit and the promotion of capacity building by pooling resources and expertise to
peruse mutual benefits.

FINANCIAL REVIEW
Financial position
Incoming resources increased from £156,442 in 2018 to £168,599 this year.
Total expenditure increased from £98,553 in 2018 to £150,576 for the current year.
The above factors resulted in a surplus of £92,257 for the current year against a surplus of £74,234 for the year ending
31 January 2018.

Principal funding sources
Donations have been used to assist with the company's charitable aims.

Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level which the
trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of
the charity for the next year.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006. The Common Good Foundation does not have share capital governed
by its Memorandum and Articles of Association dated 7th January 2014. It is registered as a charity with the Charity
Commission.

The company received charitable status on 21 September 2015

Recruitment and appointment of new trustees
The trustees are elected by the members of the organisation at the Annual General meeting. The trustees have the power
to co-opt persons with a particular skill to contribute to the company. It is not currently the intention of the trustees of
the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment
and training procedures.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08835602 (England and Wales)

Registered Charity number
1163668

Page 1
THE COMMON GOOD FOUNDATION
REPORT OF THE TRUSTEES
for the Year Ended 31 January 2019
REFERENCE AND ADMINISTRATIVE DETAILS
Registered office
Langley House
Park Road
London
N2 8EY

Trustees
B P Andradi Senior Vice President of ATOS
Lord B Donoughue Retired from Public Service
Earl J R Lindsay-Bethune Chairman UK Accreditation Service
L Dighton Founder of The Chairmans club - appointed 12.6.18

Independent examiner
Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

Approved by order of the board of trustees on 17 October 2019 and signed on its behalf by:



B P Andradi - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE COMMON GOOD FOUNDATION
Independent examiner's report to the trustees of The Common Good Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2019.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts 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 your 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 Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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







B Leighton
Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY


17 October 2019
Page 3
THE COMMON GOOD FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 January 2019
31.1.19 31.1.18

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 168,599 156,442
Total 168,599 156,442

EXPENDITURE ON
Charitable activities
General fund 150,576 98,553
NET INCOME 18,023 57,889
RECONCILIATION OF FUNDS

Total funds brought forward 74,234 16,345
TOTAL FUNDS CARRIED FORWARD 92,257 74,234
The notes form part of these financial statements
Page 4
THE COMMON GOOD FOUNDATION
STATEMENT OF FINANCIAL POSITION
At 31 January 2019
31.1.19 31.1.18

Unrestricted
fund		 Total
funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 9,602 1,769

CURRENT ASSETS
Cash at bank 84,163 77,399

CREDITORS
Amounts falling due within one year 7 (1,508 ) (4,934 )

NET CURRENT ASSETS 82,655 72,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,257
74,234
NET ASSETS 92,257 74,234
FUNDS 8
Unrestricted funds 92,257 74,234
TOTAL FUNDS 92,257 74,234
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 17 October 2019 and were signed on its behalf by:




B P Andradi -Trustee
The notes form part of these financial statements
Page 5
THE COMMON GOOD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2019
1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)',
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.

The trustees are of the opinion that the charity will receive incoming funds and structure it costs over the next 12
month. They are therefore of the opinion that the charity is a going concern.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Computer equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 6
THE COMMON GOOD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the Year Ended 31 January 2019
1. ACCOUNTING POLICIES - continued

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks,
other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.


Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other
accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently
amortised cost using the effective interest method. Debt instruments that are payable or receivable within one
year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount
of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of Comprehensive Income.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.1.19 31.1.18
£    £   
Depreciation - owned assets 3,201 590

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2019 nor for the year ended
31 January 2018.

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2019 nor for the year ended
31 January 2018.

4. STAFF COSTS
The average monthly number of employees during the year was as follows:

31.1.19 31.1.18
1 1

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
31.1.19 31.1.18
£60,001 - £70,000 - 1
£70,001 - £80,000 1 -
1 1

Page 7
THE COMMON GOOD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the Year Ended 31 January 2019
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 156,442
Total 156,442

EXPENDITURE ON
Charitable activities
General fund 98,553
Total 98,553
NET INCOME 57,889
RECONCILIATION OF FUNDS

Total funds brought forward 16,345
TOTAL FUNDS CARRIED FORWARD 74,234

6. TANGIBLE FIXED ASSETS

Computer
equipment
£   
COST
At 1 February 2018 2,359
Additions 11,034
At 31 January 2019 13,393
DEPRECIATION
At 1 February 2018 590
Charge for year 3,201
At 31 January 2019 3,791
NET BOOK VALUE
At 31 January 2019 9,602
At 31 January 2018 1,769
Page 8
THE COMMON GOOD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the Year Ended 31 January 2019
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19 31.1.18
£    £   
Trade creditors 1,786 1,388
Amounts owed to participating interests 121 121
Social security and other taxes (2,499 ) 1,325
Accrued expenses 2,100 2,100
1,508 4,934

8. MOVEMENT IN FUNDS



At 1.2.18		 Net movement
in funds
At 31.1.19
£    £    £   
Unrestricted funds
General fund 74,234 18,023 92,257

TOTAL FUNDS 74,234 18,023 92,257

Net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement in
funds
£    £    £   
Unrestricted funds
General fund 168,599 (150,576 ) 18,023

TOTAL FUNDS 168,599 (150,576 ) 18,023


Comparatives for movement in funds


At 1.2.17		 Net movement
in funds
At 31.1.18
£    £    £   

Unrestricted Funds
General fund 16,345 57,889 74,234

TOTAL FUNDS 16,345 57,889 74,234
Comparative net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement in
funds
£    £    £   
Unrestricted funds
General fund 156,442 (98,553 ) 57,889

TOTAL FUNDS 156,442 (98,553 ) 57,889

Page 9
THE COMMON GOOD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the Year Ended 31 January 2019
8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:



At 1.2.17		 Net movement
in funds
At 31.1.19
£    £    £   
Unrestricted funds
General fund 16,345 75,912 92,257
TOTAL FUNDS 16,345 75,912 92,257


A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement in
funds
£    £    £   
Unrestricted funds
General fund 325,041 (249,129 ) 75,912
TOTAL FUNDS 325,041 (249,129 ) 75,912
9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2019.

Page 10