Connect (Borehamwood) Limited - Charities report - 22.1

Connect (Borehamwood) Limited - Charities report - 22.1

CONNECT (BOREHAMWOOD) LIMITED - Company Information

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IRIS Accounts Production v22.1.0.628 Other Company accounts True false Pounds 1.8.20 31.7.21 31.7.21 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure108828032020-07-31108828032021-07-31108828032020-08-012021-07-31108828032019-07-31108828032019-08-012020-07-31108828032020-07-3110882803ns22:CharitableCompanyLimitedByGuarantee2020-08-012021-07-3110882803ns15:PoundSterling2020-08-012021-07-3110882803ns11:FRS1022020-08-012021-07-3110882803ns11:IndependentExaminationCharity2020-08-012021-07-3110882803ns11:LargeMedium-sizedCompaniesRegimeForAccounts2020-08-012021-07-3110882803ns11:FullAccounts2020-08-012021-07-3110882803ns11:CharitiesSORP2020-08-012021-07-3110882803ns16:EnglandWales2020-08-012021-07-3110882803ns11:RegisteredOffice2020-08-012021-07-3110882803ns22:Trustee22020-08-012021-07-3110882803ns22:Trustee32020-08-012021-07-3110882803ns22:Trustee12020-08-012021-07-3110882803ns22:Trustee42020-08-012021-07-3110882803ns22:Activity82020-08-012021-07-3110882803ns22:Activity82019-08-012020-07-3110882803ns6:WithinOneYear2021-07-3110882803ns6:WithinOneYear2020-07-3110882803ns22:TotalUnrestrictedFunds2021-07-311088280322020-08-012021-07-311088280332020-08-012021-07-31
REGISTERED COMPANY NUMBER: 10882803 (England and Wales)
REGISTERED CHARITY NUMBER: 1177371




















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

CONNECT (BOREHAMWOOD) LIMITED
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH








CONNECT (BOREHAMWOOD) LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

CONNECT (BOREHAMWOOD) LIMITED (REGISTERED NUMBER: 10882803)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2021



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 July 2021. 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 objective of the charity is the advancement of the orthodox Jewish faith for the public benefit.

Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.

ACHIEVEMENT AND PERFORMANCE
During the year the charity ran programmes and events aimed at providing Jewish families and individuals in the Borehamwood area with a greater appreciation of their faith and heritage.

With the onset of the Coronavirus pandemic the charity adapted its operations to enable continued programming in the changed circumstances by way of activities such as online interactive programmes and drop-off packages. We have also run a number of Covid compliant face-to-face programmes where appropriate.

FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to meet the trustees objectives. At the balance sheet date the charity had unrestricted reserves of £51,919 (2020: £51,837). The trustees consider the financial position of the charity to be satisfactory.

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10882803 (England and Wales)

Registered Charity number
1177371

Registered office
Mowbray House
58-70 Edgware Way
Edgware
Middlesex
HA8 8DJ

Trustees
M J Bick (appointed 21.10.20)
M Bordon
A J Steene
A Cohen (resigned 1.10.20)


Page 1
CONNECT (BOREHAMWOOD) LIMITED (REGISTERED NUMBER: 10882803)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2021


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr Aryeh Melinek, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 27 April 2022 and signed on its behalf by:





A J Steene - Trustee

Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CONNECT (BOREHAMWOOD) LIMITED (REGISTERED NUMBER: 10882803)


Independent examiner's report to the trustees of Connect (Borehamwood) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.

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.








Mr Aryeh Melinek, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

27 April 2022
Page 3
CONNECT (BOREHAMWOOD) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2021

2021 2020
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 128,364 175,586


EXPENDITURE ON
Charitable activities
Charitable activities 128,282 136,351

NET INCOME 82 39,235


RECONCILIATION OF FUNDS

Total funds brought forward 51,837 12,602

TOTAL FUNDS CARRIED FORWARD 51,919 51,837

The notes form part of these financial statements

Page 4
CONNECT (BOREHAMWOOD) LIMITED (REGISTERED NUMBER: 10882803)

BALANCE SHEET
31 JULY 2021

2021 2020
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 70,232 59,456

CREDITORS
Amounts falling due within one year 4 (18,313 ) (7,619 )

NET CURRENT ASSETS 51,919 51,837

TOTAL ASSETS LESS CURRENT LIABILITIES 51,919 51,837

NET ASSETS 51,919 51,837
FUNDS
Unrestricted funds 51,919 51,837
TOTAL FUNDS 51,919 51,837

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 27 April 2022 and were signed on its behalf by:





A J Steene - Trustee

The notes form part of these financial statements

Page 5
CONNECT (BOREHAMWOOD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021


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.

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding up is limited to £10.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.



Page 6 continued...
CONNECT (BOREHAMWOOD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


3. STAFF COSTS

The average monthly number of employees during the year was as follows:

2021 2020
Employees 2 2

No employees received emoluments in excess of £60,000.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 163
Other creditors 15,313 5,956
Accruals and deferred income 3,000 1,500
18,313 7,619

5. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £15,313 (2020: £5,956) owed to Project S.E.E.D Limited, a charity which has a trustee in common with Connect (Borehamwood) Limited.

During the year Project S.E.E.D Limited made charitable donations of £35,700 (2020: £24,833) to Connect (Borehamwood) Limited.

Page 7