Bikur Cholim Edgware Ltd - Charities report - 22.2
Bikur Cholim Edgware Ltd - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| BIKUR CHOLIM EDGWARE LTD |
| (A COMPANY LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| BIKUR CHOLIM EDGWARE LTD |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 | to | 8 |
| BIKUR CHOLIM EDGWARE LTD |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| TRUSTEES |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| BIKUR CHOLIM EDGWARE LTD (REGISTERED NUMBER: 13340467) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| REFERENCE AND ADMINISTRATIVE INFORMATION |
| The information is shown on page 1 of the financial statements and forms part of this report. |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The object of the charity is the relief of those in need, by reason of youth, age ,ill health, disability, financial hardship or other disadvantage, by the provision of resources nad monetary aid , for the public benefit |
| The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. |
| ACHIEVEMENT AND PERFORMANCE |
| Achievement and performance |
| The trustees are satisfied with the results for the first year. |
| FINANCIAL REVIEW |
| Reserves policy |
| The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities |
| of the charity. Reserves at the year end were £3,866 ( 2022 - £4,537). |
| FUTURE PLANS |
| The charity plans to continue its activities for the foreseeable future subject to satisfactory income. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Constitution |
| The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 16 April 2021. |
| Recruitment and appointment of new trustees |
| The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures. |
| Risk management |
| The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them. |
| Approved by order of the board of trustees on |
| BIKUR CHOLIM EDGWARE LTD |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| PERIOD |
| 16.4.21 |
| YEAR ENDED | TO |
| 30.4.23 | 30.4.22 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities | 2 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 4,537 |
| BIKUR CHOLIM EDGWARE LTD (REGISTERED NUMBER: 13340467) |
| BALANCE SHEET |
| 30 APRIL 2023 |
| 2023 | 2022 |
| Total | Total |
| funds | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds: |
| General fund | 3,866 | 4,537 |
| TOTAL FUNDS | 4,537 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 |
| BIKUR CHOLIM EDGWARE LTD |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 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 |
| Donations are included in full in the Statement of Financial Activities when received. |
| Expenditure |
| Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates. |
| Grants are only recognised in the accounts when paid. |
| Support costs are those incurred to assist the work of the charity but are not direct charitable activities. |
| Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Going concern |
| There are no material uncertainties about the charity's ability to continue. |
| Going concern |
| There are no material uncertainties about the charity's ability to continue. |
| 2. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| activities | Support |
| Direct | (see note | costs (see |
| Costs | 3) | note 4) | Totals |
| £ | £ | £ | £ |
| Grantmaking | - | 377 | - | 377 |
| Support | 395 | - | 420 | 815 |
| 395 | 377 | 420 | 1,192 |
| BIKUR CHOLIM EDGWARE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 3. | GRANTS PAYABLE |
| PERIOD |
| 16.4.21 |
| YEAR ENDED | TO |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Grantmaking | 377 | 197 |
| The total grants paid to institutions during the year was as follows: |
| PERIOD |
| 16.4.21 |
| YEAR ENDED | TO |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Relief of poverty | - | 197 |
| The total grants paid to individuals during the year was as follows: |
| PERIOD |
| 16.4.21 |
| YEAR ENDED | TO |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Relief of poverty | 377 | - |
| 4. | SUPPORT COSTS |
| Governance |
| costs |
| £ |
| Support | 420 |
| Support costs, included in the above, are as follows: |
| Governance costs |
| PERIOD |
| 16.4.21 |
| YEAR ENDED | TO |
| 30.4.23 | 30.4.22 |
| Total |
| Support | activities |
| £ | £ |
| General expenses | - | 13 |
| Accountancy fees | 420 | 540 |
| 420 | 553 |
| BIKUR CHOLIM EDGWARE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the period ended 30 April 2022. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 April 2023 nor for the period ended 30 April 2022. |
| 6. | AVERAGE STAFF NUMBERS |
| The average number of staff in the year was Nil (2022 - Nil). |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Accruals and deferred income |
| 8. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.5.22 | in funds | 30.4.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,537 | (671 | ) | 3,866 |
| TOTAL FUNDS | (671 | ) | 3,866 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 521 | (1,192 | ) | (671 | ) |
| TOTAL FUNDS | ( |
) | (671 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| in funds | 30.4.22 |
| £ | £ |
| Unrestricted funds |
| General fund | 4,537 | 4,537 |
| TOTAL FUNDS | 4,537 | 4,537 |
| BIKUR CHOLIM EDGWARE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 8. | 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 | 5,287 | (750 | ) | 4,537 |
| TOTAL FUNDS | 5,287 | (750 | ) | 4,537 |
| 9. | RELATED PARTY DISCLOSURES |