Comfort Zone Respite Scheme Charity Accounts

Comfort Zone Respite Scheme Charity Accounts

COMFORT ZONE RESPITE SCHEME - Company Information

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COMPANY REGISTRATION NUMBER: 10101915
CHARITY REGISTRATION NUMBER: 1174742
Comfort Zone Respite Scheme
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2023
Comfort Zone Respite Scheme
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2023
Page
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)
4
Statement of financial position
5
Statement of cash flows
6
Notes to the financial statements
7
Comfort Zone Respite Scheme
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 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 September 2023 .
Reference and administrative details
Registered charity name
Comfort Zone Respite Scheme
Charity registration number
1174742
Company registration number
10101915
Principal office and registered
Mapledown School
office
Claremont Road
London
NW2 1TP
The trustees
T L Kwabi
K Canavan
C M Fitzgerald
Independent examiner
Gallagher & Brocklehurst Accountants
35a High Street
Potters Bar
Hertfordshire
EN6 5AJ
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 4th April 2016 with companies house and registered with the charity commission on 20th September 2017. The Memorandum of Association establish the objects and powers of the Charitable Company, and it is governed under its Articles of Association.
The directors of the Company are also Charity Trustees for the purposes of Charity law and under the Company's Articles are members of the Charity.
All the trustees of the Charity give their time voluntarily and received no benefits from the Charity.
Objectives and activities
The Charity's purposes is to assist in the treatment and care of the current and past students of Mapledown School, Cricklewood, London suffering from severe learning disabilities, autism or profound and multiple learning disabilities, by the provision of respite care including cooking, arts, sports and music. The aim is to provide a fun safe environment for all children attending. To provide a wide variety of sensory experiences to children with varied needs.
Achievements and performance
The Trustees have continued to support the current and past students of Mapledown School in Cricklewood in their charitable work.
Financial review
The Charity made a net profit in the year, the Trustees are of the opinion that the reserves held at the end of the year are sufficient to support, along with future donations, the current and past students of Mapledown School in Cricklewood.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 24 May 2027 and signed on behalf of the board of trustees by:
T L Kwabi
Trustee
Charity Secretary
Comfort Zone Respite Scheme
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Comfort Zone Respite Scheme
Year ended 30 September 2023
I report to the trustees on my examination of the financial statements of Comfort Zone Respite Scheme ('the charity') for the year ended 30 September 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
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.
Gallagher & Brocklehurst Accountants Independent Examiner
35a High Street Potters Bar Hertfordshire EN6 5AJ
24 May 2027
Comfort Zone Respite Scheme
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2023
2023
2022
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Other trading activities
5
55,429
55,429
65,876
--------
--------
--------
Total income
55,429
55,429
65,876
--------
--------
--------
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
6
56,277
56,277
57,574
--------
--------
--------
Total expenditure
56,277
56,277
57,574
--------
--------
--------
--------
--------
--------
Net (expenditure)/income and net movement in funds
( 848)
( 848)
8,302
--------
--------
--------
Reconciliation of funds
Total funds brought forward
22,979
22,979
14,677
--------
--------
--------
Total funds carried forward
22,131
22,131
22,979
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Comfort Zone Respite Scheme
Company Limited by Guarantee
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Current assets
Debtors
10
245
800
Cash at bank and in hand
24,208
24,146
--------
--------
24,453
24,946
Creditors: amounts falling due within one year
12
402
167
--------
--------
Net current assets
24,051
24,779
--------
--------
Total assets less current liabilities
24,051
24,779
Creditors: amounts falling due after more than one year
13
1,920
1,800
--------
--------
Net assets
22,131
22,979
--------
--------
Funds of the charity
Unrestricted funds
22,131
22,979
--------
--------
Total charity funds
14
22,131
22,979
--------
--------
For the year ending 30 September 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 24 May 2027 , and are signed on behalf of the board by:
T L Kwabi
Trustee
Comfort Zone Respite Scheme
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 September 2023
2023
2022
Note
£
£
Cash flows from operating activities
Net (expenditure)/income
(848)
8,302
Adjustments for:
Interest payable and similar charges
115
115
Accrued expenses
120
90
Changes in:
Trade and other debtors
555
( 800)
Trade and other creditors
( 167)
97
----
-------
Cash generated from operations
( 225)
7,804
Interest paid
( 115)
( 115)
----
-------
Net cash (used in)/from operating activities
( 340)
7,689
----
-------
Net (decrease)/increase in cash and cash equivalents
( 340)
7,689
Cash and cash equivalents at beginning of year
24,146
16,457
--------
--------
Cash and cash equivalents at end of year
11
23,806
24,146
--------
--------
Comfort Zone Respite Scheme
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 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 Mapledown School, Claremont Road, London, NW2 1TP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies have no significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The Trustees consider that key assumptions and other sources of estimation uncertainty have no significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. Limited by guarantee
Comfort Zone Respite Scheme is a UK registered charity, number 1174742 . It was incorporated on 4 April 2016 and has no share capital.
5. Other trading activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fees Received
55,246
55,246
65,876
65,876
Charity Donations
183
183
–
–
--------
--------
--------
--------
55,429
55,429
65,876
65,876
--------
--------
--------
--------
6. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Salaries
43,956
43,956
42,489
42,489
Staff pension contributions
519
519
397
397
Rent
1,076
1,076
1,721
1,721
Motor and travel
949
949
486
486
Computers & Software
138
138
135
135
Arts crafts and activities
2,923
2,923
5,425
5,425
Bank charges
115
115
115
115
Snack and foods
1,827
1,827
2,292
2,292
Dispodable wipes
58
58
–
–
Cleaning, PPE, health and wellbeing
358
358
401
401
Stationery
203
203
21
21
Sundry expenses
1,095
1,095
448
448
Legal and professional fees
3,060
3,060
3,644
3,644
--------
--------
--------
--------
56,277
56,277
57,574
57,574
--------
--------
--------
--------
7. Independent examination fees
2023
2022
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,920
1,800
-------
-------
8. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
£
Wages and salaries
43,956
Social security costs
519
--------
44,475
--------
The average head count of employees during the year was 23.
No employee received employee benefits of more than £60,000 during the year.
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
10. Debtors
2023
2022
£
£
Other debtors
245
800
----
----
11. Cash and cash equivalents
Cash and cash equivalents comprise the following:
2023
2022
£
£
Cash at bank and in hand
24,208
24,146
Bank overdrafts
( 402)
–
--------
--------
23,806
24,146
--------
--------
12. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
402
–
Trade creditors
–
167
----
----
402
167
----
----
13. Creditors: amounts falling due after more than one year
2023
2022
£
£
Accruals and deferred income
1,920
1,800
-------
-------
14. Analysis of charitable funds
Unrestricted funds
At 1 October 2022
Income
Expenditure
At 30 September 2023
£
£
£
£
Profit and loss account brought forward
22,979
55,429
(56,277)
22,131
--------
--------
--------
--------
At 1 October 2021
Income
Expenditure
At 30 September 2022
£
£
£
£
Profit and loss account brought forward
14,677
65,876
(57,574)
22,979
--------
--------
--------
--------
15. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Current assets
24,453
24,453
Creditors less than 1 year
(2,322)
(2,322)
--------
--------
Net assets
22,131
22,131
--------
--------
Unrestricted Funds
Total Funds 2022
£
£
Current assets
24,946
24,946
Creditors less than 1 year
(1,967)
(1,967)
--------
--------
Net assets
22,979
22,979
--------
--------
16. Analysis of changes in net debt
At 1 Oct 2022
Cash flows
At 30 Sep 2023
£
£
£
Cash at bank and in hand
24,146
62
24,208
Bank overdrafts
–
(402)
(402)
--------
----
--------
24,146
( 340)
23,806
--------
----
--------