Edupoor Limited Charity Accounts
Edupoor Limited Charity Accounts
COMPANY REGISTRATION NUMBER:
05576948
CHARITY REGISTRATION NUMBER:
1113785
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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Year ended 30 June 2023
Page |
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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) |
5 |
Statement of financial position |
6 |
Statement of cash flows |
7 |
Notes to the financial statements |
8 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 30 June 2023
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 2023
.
Reference and administrative details
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Flat 10 |
office |
125c Clapton Common |
London |
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E5 9AB |
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London |
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The trustees
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Independent examiner |
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103 High Street |
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Waltham Cross |
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Herts |
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EN8 7AN |
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Structure, governance and management
The trustees have a duty 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.
Objectives and activities
The Company is a Charity whose objects are; The advancement in education and training through the world, The relief of poverty, old age, illness, both mental and physical and the relief of persons suffering from any disability, and such other charitable purpose as the association may time to time authorise. Funds are raised from the local community and are disburses to cases in need verified by Senior Community Members.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Financial review
The financial results of the Charity's activities for the year reflected in the attached financial statements together with the notes thereon.
The trustees' annual report and the strategic report were approved on
22 March 2024
and signed on behalf of the board of trustees by:
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Year ended 30 June 2023
I report to the trustees on my examination of the financial statements of
Edupoor Limited
('the charity') for the year ended 30 June 2023.
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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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.
103 High Street
Waltham Cross
Herts
EN8 7AN
22 March 2024
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
Year ended 30 June 2023
2023 |
2022 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Income and endowments
Donations and legacies |
5 |
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--------- |
--------- |
--------- |
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Total income |
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--------- |
--------- |
--------- |
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Expenditure
Expenditure on charitable activities |
6,7 |
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--------- |
--------- |
------------ |
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Total expenditure |
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--------- |
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------------ |
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--------- |
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Net expenditure and net movement in funds |
(
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(
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(
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--------- |
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------------ |
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Reconciliation of funds
Total funds brought forward |
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--------- |
--------- |
------------ |
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Total funds carried forward |
(
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(
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--------- |
--------- |
------------ |
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Current assets
Cash at bank and in hand |
– |
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Creditors: amounts falling due within one year |
12 |
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------- |
------- |
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Net current liabilities |
(
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------- |
------- |
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Total assets less current liabilities |
(
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------- |
------- |
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Net liabilities |
(
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------- |
------- |
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Funds of the charity
Unrestricted funds |
(
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------- |
------- |
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Total charity funds |
13 |
(
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------- |
------- |
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Directors' responsibilities:
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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
;
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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
22 March 2024
, and are signed on behalf of the board by:
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
Year ended 30 June 2023
2023 |
2022 |
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Note |
£ |
£ |
Cash flows from operating activities
Net expenditure |
(11,403) |
(90,116) |
Adjustments for: |
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Accrued expenses |
– |
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Changes in: |
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Trade and other creditors |
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-------- |
-------- |
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Cash generated from operations |
(
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(
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------- |
-------- |
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Net cash used in operating activities |
(
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(
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------- |
-------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
8,112 |
97,278 |
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-------- |
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Cash and cash equivalents at end of year |
11 |
(
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------- |
-------- |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 30 June 2023
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 Flat 10, 125c Clapton Common, London, E5 9AB, London.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
There are no judgements and estimates.
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
Financial instruments
4.
Limited by guarantee
5.
Donations and legacies
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Donations
Donations received |
640,809 |
640,809 |
914,632 |
914,632 |
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6.
Expenditure on charitable activities by fund type
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Charitable Activities |
650,723 |
650,723 |
1,002,109 |
1,002,109 |
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Support costs |
1,489 |
1,489 |
2,639 |
2,639 |
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--------- |
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7.
Expenditure on charitable activities by activity type
Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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Charitable Activities |
650,723 |
1,489 |
652,212 |
1,004,748 |
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8.
Independent examination fees
2023 |
2022 |
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£ |
£ |
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Fees payable to the independent examiner for:
Independent examination of the financial statements |
1,440 |
1,440 |
------- |
------- |
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9.
Staff costs
The average head count of employees during the year was Nil
(2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: 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.
Cash and cash equivalents
Cash and cash equivalents comprise the following:
2023 |
2022 |
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£ |
£ |
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Cash at bank and in hand |
– |
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Bank overdrafts |
(
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– |
------- |
------- |
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(
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------- |
------- |
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12.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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– |
Accruals and deferred income |
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Other creditors |
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------- |
------- |
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------- |
------- |
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13.
Analysis of charitable funds
Unrestricted funds
At 1 July 2022 |
Income |
Expenditure |
At 30 June 2023 |
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£ |
£ |
£ |
£ |
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General funds |
6,647 |
640,809 |
(652,212) |
(4,756) |
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At 1 July 2021 |
Income |
Expenditure |
At 30 June 2022 |
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£ |
£ |
£ |
£ |
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General funds |
96,763 |
914,632 |
(1,004,748) |
6,647 |
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14.
Analysis of changes in net debt
At 1 Jul 2022 |
Cash flows |
At 30 Jun 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(8,112) |
– |
Bank overdrafts |
– |
(1,851) |
(1,851) |
------- |
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------- |
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(
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(
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