The Gauchers Association Limited (A Company Limited by Guarantee) - Filleted accounts

The Gauchers Association Limited (A Company Limited by Guarantee) - Filleted accounts

THE GAUCHERS ASSOCIATION LIMITED - Company Information

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The Gauchers Association Limited (A Company Limited by Guarantee)
Registered number: 04468323
Balance Sheet
as at 30 June 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 5 210 316
210 316
Current assets
Debtors 6 1,580 903
Cash at bank and in hand 208,916 210,648
210,496 211,551
Creditors: amounts falling due within one year 7 (2,675) (4,294)
Net current assets 207,821 207,257
Total assets less current liabilities 208,031 207,573
Net assets 208,031 207,573
Funds of the charity
Unrestricted funds 8 140,016 164,852
Restricted funds 8 68,015 42,721
Total charity funds 208,031 207,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Bloom
Director
Approved by the board on 18 March 2022
The Gauchers Association Limited (A Company Limited by Guarantee)
Notes to the Accounts
for the year ended 30 June 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities and FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006.
Fund Accounting
Funds held by the charity are either:

Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of appeal.
Income
Income received from subscriptions, donations, Gift Aid Tax and activities is measured at the fair value of the consideration received or receivable. Income is recognised when the charity has entitlement to the funds, any performance conditions attached the item of income have been met, it is probable that the income will be received and the amount can be reliably measured. Accruals are made for monies received on fund generating activities that were held during the financial year but received after the financial year end up to the date these financial statements were approved by the trustee/directors. Income received in advance of the provision of services is deferred until the criteria for income recognition are met.
Government and other grants for the purpose of giving immediate financial support with no future related costs, including those from the Government job retention scheme, are recognised under the accrual model as income in the period in which it becomes receivable.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable tht a settlement will be required and the amount of the obligation can be measured reliably. Resources expended are included in the Statements of Financial Activities on an accrual basis, inclusive of any VAT which cannot be recovered. Where applicable they have been charged directly to the funds and activities to which they relate.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 to 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Other income
2021 2020
£ £
Grant income 3,013 15,193
3,013 15,193
Grant income includes grants received under the Coronavirus Job Retention Scheme of £3,012 (2020: £2,223), a local authority small business grant of £nil (2020: £10,000) and other grants of £nil (2020: £2,970).
3 Net income / (expenditure) for the year 2021 2020
£ £
This is stated after charging:
Depreciation of owned fixed assets 106 177
Independent Examiner's remuneration 2,000 2,000
Contributions to pension fund for employees 836 884
Remuneration of key management personnel - 9,618
This is stated after crediting:
Donations from trustees 2,887 2,300
No employee received emoluments more than £60,000.
No key management personnel were paid a salary in the year.
4 Employees 2021 2020
Number Number
Part-time directors 6 6
Other part-time staff 2 2
Average number of persons employed by the company 8 8
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2020 7,564
Additions -
At 30 June 2021 7,564
Depreciation
At 1 July 2020 7,248
Charge for the year 106
At 30 June 2021 7,354
Net book value
At 30 June 2021 210
At 30 June 2020 316
6 Debtors 2021 2020
£ £
Other debtors 1,580 903
1,580 903
7 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 264 240
Taxation and social security costs 222 482
Other creditors 2,189 3,572
2,675 4,294
8 Movement in Funds As 1 July Income Transfer Expenditure As 30 June
2020 2021
£ £ £ £
Restricted Funds
Research Fund 353 - (353) - -
Alan Gordon Memorial Fund 12,101 1 - 14 12,088
Neuronopathic Fund 18,641 2,900 - 988 20,553
Julia Fund 1,004 - (1,004) - -
Patient and Family Worker Support Fund (6,847) 21,815 1,357 2,398 13,927
LSD Collaborative Fund (751) 5,050 - 3,200 1,099
Susan Lewis Memorial Fund 15,877 1 - 14 15,864
Improving Communications 2,343 3,425 - 1,284 4,484
Total restricted funds 42,721 33,192 - 7,898 68,015
General fund 164,852 37,635 - 62,471 140,016
Total unrestricted funds 164,852 37,635 - 62,471 140,016
Total funds 207,573 70,827 - 70,369 208,031
9 Related party transactions
Jeremy H Manuel and Tanya Collin-Histed were Honorary President and Chief Executive Officer of the International Gaucher Alliance Limited ("IGA"). During the year ended 30 June 2021 the company charged the IGA £1,530 (2020: £276) for the provision of administration services.
During the year Tanya Collin-Histed received payment of £nil (2020: £600) for consultancy services she provided to the charity. During the year the IGA received payment of £8,800 (2020: £4,014) for consultancy services provided to the charity.
The total amount of expenses waived by trustees during the year was £nil (2020: £nil).
10 Controlling party
The company is limited by guarantee and is under the control of its directors as a body.
11 Other information
The Gauchers Association Limited is a private company limited by guarantee and is incorporated in England. It has no share capital. The liability of each member in the event of winding up is limited to £10.
An Independent Examination has been carried out on the accounts. There were no matters of concern arising as a result of the Examination.
Its registered office is:
8 Silver Street
Dursley
Gloucestershire
GL11 4ND
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