Love Alive - Charities report - 21.1
Love Alive - Charities report - 21.1
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2020 |
| for |
| Love Alive |
| Love Alive |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2020 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
| Love Alive (Registered number: 05216578) |
| Report of the Trustees |
| for the Year Ended 31 August 2020 |
| 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 August 2020. 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 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The aims of the charity are to relieve financial hardship for disadvantaged children and their families and to advance education on the five human values of Love, Truth, Peace, Right Conduct and Non-Violence, having particular but not exclusive regard to the education of children. |
| Significant activities |
| The charity's activities include giving courses for children in the UK and supporting an orphanage in India. The emphasis is on teaching the five human values to adults (parents and carers) and children alike. |
| Grantmaking |
| Mrs Bahnoon Karim Agnew, and others have advanced funds to the charity to enable it to continue supporting the orphanage, styled as 'Love Alive India Orphanage' situated in Kappalabandar Village, near Puttarparthi, Andrah Pradesh, India. this exciting project opened on the 26th July 2007, and has admitted children between five and a half and ten and a half years. The school is registered with the local authorities as a local charity. |
| Love Alive (Registered number: 05216578) |
| Report of the Trustees |
| for the Year Ended 31 August 2020 |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Our establishment continues with its unflagging commitment to the 5 human values of Love, Truth, Right Conduct, Peace and Non Violence. It is not always easy when children have a lot of anger , resentment and feelings often times of rejection and abandonment from their very early years. With perseverance we continue however to see change all the time in their understanding and behaviour through the following diverse factors: |
| Prayer and Meditation |
| Yoga as a way of life |
| Strong yet realistic Discipline |
| Fun with Dance and Drama |
| Devotional Singing |
| Environmental Awareness, both theory and experimental work |
| Swimming (in current 45 degree temperatures) |
| Fun with basketball, cricket, volleyball, tennis and the occasional golf practice and putting |
| Over and above their normal school curriculum |
| With Love and all the above we are committed to providing a level of excellence which is enhanced each year. |
| A child at Love Alive will typically have his or her mind and heart stretched, expanded to a higher level of consciousness than he/she has been used to. In all of this, the atmosphere and style is intimate, always caring and considerate, full of unconditional love. The child feels valued and able to his divine and creative self. He/she is a happy smiling child. |
| We have aspirations arising from wonderful possibilities for our children (and as many more poor children whose family members continually beg us to take them in) but to achieve these require a special level of funding. We are also always in need of financial support as the cost of living has skyrocketed over the last 5 years and even basics are expensive. |
| During the year Love Alive can take pride in showing that 29 of the 60 children in the Home, are in Higher Education, seventeen of whom are pursuing Tertiary level (Degrees etc). Of the remaining numbers, 16 are in secondary levels and 14 in early primary stages. |
| At the end of April 2020, Covid 19 was engulfing the whole of India. Just before total lockdown, (at this time) the children were sent home to their villages, with an aunt or uncle, a grandmother/grandfather, the single mother or father, for safety, as the small villages with their sparse population numbers are far safer places to be at. The Home and School at the hub of where Covid 19 was spreading fast was virtually closed for the 4 remaining months, although we still had/have expenses and labour to pay, to maintain the status quo. |
| As is almost the norm in the far out countryside of where our Home is situated, we continue to have many staff issues although we have been very lucky with the core of our teaching staff, who have shown loyalty, steadfastness and a willingness to live out the 5 Human Values we hold high at our Home and School. |
| The current Indian Government is aiming high and taking wonderful steps towards encouraging village people and the poor to send their young children to school and education instead of grinding work in the fields, in the hot Indian sun. The Indian Government today pays an income to each family towards this end and gives free school bags, books, free food and free uniforms for all children in primary and secondary Government schools. Hence parents/ relatives/guardians of the children no longer feel so desperate. They feel much supported and happier now to keep the children at home and send them to the government schools with all the financial perks and privileges. A situation very different from 2007 when Love Alive Home and Human Values School began 13 years ago. |
| Love Alive (Registered number: 05216578) |
| Report of the Trustees |
| for the Year Ended 31 August 2020 |
| Amidst all the chaos created by Covid 19 and the disruption to studies and achievements, we trust that the children have enjoyed a greater amount of time for play and creative work (art and music) whilst academic work has taken a softer back seat. |
| FINANCIAL REVIEW |
| Financial position |
| The only substantial liability of Love Alive is a loan made to the charity by one of its trustees, Mrs Bahnoon Agnew. Mrs Agnew has confirmed that under no circumstances would she require repayment of this loan unless the Charity were in a position to do so. |
| Reserves policy |
| The charitable company is constantly aware of the need to provide for future activities and running costs. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| The trustees are the only members and of the charitable company and represent the minimum number of persons required by the articles to form a Council of Management. In the event of winding up each member is required to pay into the company a sum not exceeding £1. The company's memorandum allows the purchase of indemnity insurance for the council of management. |
| Induction and training of new trustees |
| New Trustees are recruited and appointed by the existing Trustees. |
| Risk management |
| The trustees are aware of their joint and several duties to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Love Alive (Registered number: 05216578) |
| Report of the Trustees |
| for the Year Ended 31 August 2020 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent Examiner |
| Tropman & Co Limited |
| 39 Station Road |
| Liphook |
| Hampshire |
| GU30 7DW |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Love Alive |
| Independent examiner's report to the trustees of Love Alive ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020. |
| 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. |
| L C Horner |
| FCCA |
| Tropman & Co Limited |
| 39 Station Road |
| Liphook |
| Hampshire |
| GU30 7DW |
| 26 April 2021 |
| Love Alive |
| Statement of Financial Activities |
| for the Year Ended 31 August 2020 |
| 31.8.20 | 31.8.19 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds | 2 |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | ( |
) | (31,547 | ) |
| Love Alive (Registered number: 05216578) |
| Balance Sheet |
| 31 August 2020 |
| 31.8.20 | 31.8.19 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| FUNDS | 7 |
| Unrestricted funds | (32,222 | ) | (31,547 | ) |
| TOTAL FUNDS | ( |
) | (31,547 | ) |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 and authorised for issue on |
| Love Alive |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2020 |
| 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 2019)', 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. |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| 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. |
| 2. | RAISING FUNDS |
| Raising donations and legacies |
| 31.8.20 | 31.8.19 |
| £ | £ |
| Support costs |
| Love Alive |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2020 |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustee's remuneration or other benefits for the year ended 31st August 2020 nor for the year ended 31st August 2020. |
| The orphanage property in India is held by nominees on behalf of Mrs Agnew, a trustee. Although grants are made to the orphanage by this charity they are at arm's length for the running expenses of the charity and not for Mrs. Agnew's personal advancement. |
| Trustees' expenses |
| Trustees are reimbursed travel, telephone and internet, and sundry expenses when they relate to charity business. During the year these totalled £1,500 (2019 - £3,588) and were reimbursed after the year end. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | (31,547 | ) |
| Love Alive |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2020 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.20 | 31.8.19 |
| £ | £ |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The above loan was made to the charity by a charity trustee and is interest free, repayable in the event of the charity obtaining surplus funds. |
| 7. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.9.19 | in funds | 31.8.20 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (31,547 | ) | (675 | ) | (32,222 | ) |
| TOTAL FUNDS | ( |
) | (675 | ) | (32,222 | ) |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 7,188 | (7,863 | ) | (675 | ) |
| TOTAL FUNDS | ( |
) | (675 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.9.18 | in funds | 31.8.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (24,823 | ) | (6,724 | ) | (31,547 | ) |
| TOTAL FUNDS | (24,823 | ) | (6,724 | ) | (31,547 | ) |
| Love Alive |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2020 |
| 7. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 16,371 | (23,095 | ) | (6,724 | ) |
| TOTAL FUNDS | 16,371 | (23,095 | ) | (6,724 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.9.18 | in funds | 31.8.20 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (24,823 | ) | (7,399 | ) | (32,222 | ) |
| TOTAL FUNDS | (24,823 | ) | (7,399 | ) | (32,222 | ) |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 23,559 | (30,958 | ) | (7,399 | ) |
| TOTAL FUNDS | 23,559 | (30,958 | ) | (7,399 | ) |
| 8. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 August 2020. |