Charity number: 1003735
AID FOR ALYN
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
AID FOR ALYN
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 3 |
| Independent Examiner's Report | 4 - 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 12 |
AID FOR ALYN
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2024
Trustees
F Iseman, Trustee S Barnett, Trustee
Charity registered number 1003735 Principal office 30 Oakridge Avenue Radlett Hertfordshire WD7 8ER
Accountant
Martyn Atkinson FCA
51 Lawrence Gardens Mill Hill London NW7 4JU
Page 1
AID FOR ALYN
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024
The Trustees present their annual report together with the financial statements of the Aid for Alyn for the year 1 February 2023 to 31 January 2024.
Objectives and activities
a. Policies and objectives
The object of the Charity is to raise money for the Alyn Hospital in Israel.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
The Charity receives donations from various sponsors and individual fund-raising events.
Achievements and performance
a. Main achievements of the Charity
The Trustees are pleased with the results of activities during the year and have once again been able to deploy donations to the Alyn Hospital.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Charity maintains a general fund from which charitable donations can be made. The Trustees keep only such reserves that are sufficient to cover the costs of operating the Charity's bank account for a minimum 6 months.
Structure, governance and management
a. Constitution
Aid for Alyn is a registered charity, number 1003735, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
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AID FOR ALYN
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024
Structure, governance and management (continued)
c. Policies adopted for the induction and training of Trustees
New Trustees are made aware of the purposes and aims of the Charity, as well as their general and specific duties, as determined by the Chairperson. They are also provided with a copy of "The Good trustee Guide" and the guidance "It's your decision: charity trustees and decision making". New trustees are expected to familiarise themselves with all the activities of the Charity.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 26 November 2024 and signed on their behalf by:
F Iseman (Trustee)
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AID FOR ALYN
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2024
Independent Examiner's Report to the Trustees of Aid for Alyn ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
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AID FOR ALYN
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 26 November 2024
Martyn Atkinson FCA
ICAEW
51 Lawrence Gardens Mill Hill London NW7 4JU
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AID FOR ALYN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 28,701 13 28,714 28,885 28,885 (171) 295 (171) 124 |
Total funds 2024 £ 28,701 13 28,714 28,885 28,885 (171) 295 (171) 124 |
Total funds 2023 £ 72 - |
|---|---|---|---|
| 72 | |||
| 70 | |||
| 70 | |||
| 2 | |||
| 293 2 |
|||
| 295 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 12 form part of these financial statements.
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AID FOR ALYN
BALANCE SHEET AS AT 31 JANUARY 2024
| Note Current assets Cash at bank and in hand Total net assets Charity funds Unrestricted funds 8 Total funds |
2024 £ 124 124 124 124 |
2023 £ 295 |
|---|---|---|
| 295 | ||
| 295 | ||
| 295 |
The financial statements were approved and authorised for issue by the Trustees on 26 November 2024 and signed on their behalf by:
F Iseman
(Trustee)
The notes on pages 8 to 12 form part of these financial statements.
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AID FOR ALYN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
1. General information
Aid for Alyn is a charity registered in England and Wales with its principal office at 30 Oakridge Avenue, Radlett, Hertfordshire, WD7 8ER.
The principal activity of the Charity is to raise funds for the Alyn Hospital in Israel.
The functional and presentational currency of the Charity is £ Sterling.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Aid for Alyn meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
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AID FOR ALYN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
2. Accounting policies (continued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 28,701 Unrestricted funds 2023 £ Donations 72 |
Total funds 2024 £ 28,701 |
|---|---|
| Total funds 2023 £ 72 |
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AID FOR ALYN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
4. Investment income
| Unrestricted funds 2024 £ Investment income - local cash 13 Total 2023 - |
Total funds 2024 £ 13 - |
Total funds 2023 £ - |
|---|---|---|
5. Analysis of expenditure by activities
| Fund raising for the Alyn Hospital, Jerusalem Fund raising for the Alyn Hospital, Jerusalem |
Grant funding of activities 2024 £ 28,750 |
Support costs 2024 £ 135 Support costs 2023 £ 70 |
Total funds 2024 £ 28,885 |
|---|---|---|---|
| Total funds 2023 £ 70 |
6. Independent examiner's remuneration
No fees were payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 January 2024, no Trustee expenses have been incurred (2023 - £NIL) .
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AID FOR ALYN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
8. Statement of funds
Statement of funds - current year
Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 1 February 2023 £ 295 Balance at 1 February 2022 £ 293 |
Income £ 28,714 Income £ 72 |
Expenditure £ (28,885) Expenditure £ (70) |
Balance at 31 January 2024 £ 124 |
|---|---|---|---|---|
| Balance at 31 January 2023 £ 295 |
9. Summary of funds
Summary of funds - current year
General funds Summary of funds - prior year General funds |
Balance at 1 February 2023 £ 295 Balance at 1 February 2022 £ 293 |
Income £ 28,714 Income £ 72 |
Expenditure £ (28,885) Expenditure £ (70) |
Balance at 31 January 2024 £ 124 |
|---|---|---|---|---|
| Balance at 31 January 2023 £ 295 |
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AID FOR ALYN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
10. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2024 £ Current assets 124 Total 124 |
Total funds 2024 £ 124 |
|---|---|
| 124 |
Analysis of net assets between funds - prior year
| Current assets Total |
Unrestricted funds 2023 £ 295 295 |
Total funds 2023 £ 295 |
|---|---|---|
| 295 |
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