Reliefuk Ltd - Charities report - 18.1
Reliefuk Ltd - Charities report - 18.1
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE |
| PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| FOR |
| RELIEFUK LTD |
| RELIEFUK LTD |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| 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 8 |
| RELIEFUK LTD (REGISTERED NUMBER: 09316873) |
| REPORT OF THE TRUSTEES |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| 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 period 1 December 2015 to 31 March 2017. 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 2015). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The charity's objectives are restricted to provide benefit to the public in the following ways: |
| a. To relieve sickness, preserve health, assist and care for the unwell and otherwise incapacitated individuals particularly |
| but not exclusively in the orthodox Jewish community; |
| b. To promote and protect the physical and mental health through the provision of financial assistance, support, |
| education and practical advice either generally or individually; |
| c. To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are |
| regarded as charitable by the law of England and Wales. |
| 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 Charity's aims and objectives and in planning future activities. |
| FINANCIAL REVIEW |
| Reserves policy |
| The charity aims to maintain reserves in order that it is in a position to continue to peruse its charitable objectives. The |
| trustees are satisfied that the current level of reserves are sufficient. |
| 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. |
| Organisational structure |
| The company has 4 trustees; names of members are listed below. The charity is organised so that the trustees meet |
| regularly to manage the affairs of the charity. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| RELIEFUK LTD (REGISTERED NUMBER: 09316873) |
| REPORT OF THE TRUSTEES |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent examiner |
| Melinek Fine LLP |
| Chartered Accountants |
| 349 Regents Park Road |
| London |
| N3 1DH |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| RELIEFUK LTD (REGISTERED NUMBER: 09316873) |
| Independent examiner's report to the trustees of Reliefuk Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the period ended 1 December 2015 to 31 March 2017. |
| 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 |
| Aryeh Melinek, FCA |
| ICAEW |
| Melinek Fine LLP |
| Chartered Accountants |
| First Floor, Winston House |
| 349 Regents Park Road |
| London |
| N3 1DH |
| 9 April 2018 |
| RELIEFUK LTD |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| period | period |
| 1.12.15 | 18.11.14 |
| to | to |
| 31.3.17 | 30.11.15 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | - |
| CONTINUING OPERATIONS |
| All income and expenditure has arisen from continuing activities. |
| RELIEFUK LTD (REGISTERED NUMBER: 09316873) |
| BALANCE SHEET |
| AT 31 MARCH 2017 |
| 2017 | 2015 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 7 |
| Unrestricted funds | 21,222 | - |
| TOTAL FUNDS | - |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the period ended 31 March 2017. |
| The members have not required the company to obtain an audit of its financial statements for the period ended |
| 31 March 2017 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 |
| special provisions of Part 15 of the Companies Act 2006 relating to |
| charitable small companies. |
| The financial statements were approved by the Board of Trustees on |
| RELIEFUK LTD |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| 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 2015)', 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. |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as |
| permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
| - | the requirements of Section 7 Statement of Cash Flows. |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment |
| but not accrued as expenditure. |
| 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. |
| 2. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the period ended 31 March 2017 nor for the period |
| ended 30 November 2015. |
| Trustees' expenses |
| There were no trustees' expenses paid for the period ended 31 March 2017 nor for the period ended |
| 30 November 2015. |
| RELIEFUK LTD |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| 3. | STAFF COSTS |
| The average monthly number of employees during the period was as follows: |
| period | period |
| 1.12.15 | 18.11.14 |
| to | to |
| 31.3.17 | 30.11.15 |
| Employee | 1 | - |
| The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
| period | period |
| 1.12.15 | 18.11.14 |
| to | to |
| 31.3.17 | 30.11.15 |
| £60,001 - £70,000 |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| £ |
| INCOME AND ENDOWMENTS FROM |
| EXPENDITURE ON |
| NET INCOME |
| TOTAL FUNDS CARRIED FORWARD | - |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Other debtors | 6,570 | - |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Taxation and social security | 3,049 | - |
| Other creditors | 1,456 | - |
| 7. | MOVEMENT IN FUNDS |
At 1.12.15 |
Net movement in funds |
At 31.3.17 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | 21,222 | 21,222 |
| TOTAL FUNDS | 21,222 | 21,222 |
| RELIEFUK LTD |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
| 7. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 174,758 | (153,536 | ) | 21,222 |
| TOTAL FUNDS | ( |
) | 21,222 |
| 8. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the period ended 31 March 2017. |