REGISTERED CHARITY NUMBER: 1064518
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
KAWASAKI FUND
SRG Newmans Limited Five Ways 57-59 Hatfield Road Potters Bar Hertfordshire EN6 1HS
KAWASAKI FUND
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
KAWASAKI FUND
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1064518
Principal address
40a Watermans Building High Street Brentford TW8 0DS
Trustees
Miss D I Nedjat P Minkow (appointed 9.9.20) T Becker I C S Lyon A Hersh
Independent Examiner
SRG Newmans Limited Five Ways 57-59 Hatfield Road Potters Bar Hertfordshire EN6 1HS
Approved by order of the board of trustees on 25 July 2022 and signed on its behalf by:
I C S Lyon - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KAWASAKI FUND
Independent examiner's report to the trustees of Kawasaki Fund
I report to the charity trustees on my examination of the accounts of Kawasaki Fund (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
SRG Newmans Ltd ACCA SRG Newmans Limited Five Ways 57-59 Hatfield Road Potters Bar Hertfordshire EN6 1HS
Date: .............................................
Page 2
KAWASAKI FUND
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2021
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 89,095 - Charitable activities Activities 8,331 - Total 97,426 - EXPENDITURE ON Raising funds 43,016 - Charitable activities Activities 14,765 - Other 1,755 - Total 59,536 - NET INCOME 37,890 - RECONCILIATION OF FUNDS Total funds brought forward 31,236 - TOTAL FUNDS CARRIED FORWARD 69,126 - |
2021 Total funds £ 89,095 8,331 97,426 43,016 14,765 1,755 59,536 37,890 31,236 69,126 |
2020 Total funds £ 82,738 10,361 |
|---|---|---|
| 93,099 58,611 15,501 5,943 |
||
| 80,055 | ||
| 13,044 18,192 |
||
| 31,236 |
The notes form part of these financial statements
Page 3
KAWASAKI FUND
BALANCE SHEET
31 MARCH 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 4 4,632 - CURRENT ASSETS Cash at bank 86,945 - CREDITORS Amounts falling due within one year 5 (22,451) - NET CURRENT ASSETS 64,494 - TOTAL ASSETS LESS CURRENT LIABILITIES 69,126 - NET ASSETS 69,126 - FUNDS 6 Unrestricted funds TOTAL FUNDS |
2021 Total funds £ 4,632 86,945 (22,451) 64,494 69,126 69,126 69,126 69,126 |
2020 Total funds £ 5,294 37,005 (11,063) 25,942 31,236 31,236 31,236 31,236 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 July 2022 and were signed on its behalf by:
I C S Lyon - Trustee
The notes form part of these financial statements
Page 4
KAWASAKI FUND
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
continued...
KAWASAKI FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 82,738 - Charitable activities Activities 10,361 - Total 93,099 - EXPENDITURE ON Raising funds 58,611 - Charitable activities Activities 15,501 - Other 5,943 - Total 80,055 - NET INCOME 13,044 - RECONCILIATION OF FUNDS Total funds brought forward 18,192 - TOTAL FUNDS CARRIED FORWARD 31,236 - |
Total funds £ 82,738 10,361 |
|---|---|
| 93,099 58,611 15,501 5,943 |
|
| 80,055 | |
| 13,044 18,192 |
|
| 31,236 |
Page 6
continued...
KAWASAKI FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2021
4. TANGIBLE FIXED ASSETS
| 4. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Plant and | ||||
| machinery | ||||
| £ | ||||
| COST | ||||
| At 1 April 2020 and 31 March 2021 | 6,618 | |||
| DEPRECIATION | ||||
| At 1 April 2020 | 1,324 | |||
| Charge for year | 662 | |||
| At 31 March 2021 | 1,986 | |||
| NET BOOK VALUE | ||||
| At 31 March 2021 | 4,632 | |||
| At 31 March 2020 | 5,294 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | 22,451 | 11,063 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 31,236 | 37,890 | 69,126 | |
| TOTAL FUNDS | 31,236 | 37,890 | 69,126 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 97,426 | (59,536) | 37,890 | |
| TOTAL FUNDS | 97,426 | (59,536) | 37,890 |
continued...
Page 7
KAWASAKI FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2021
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,192 | 13,044 | 31,236 |
| TOTAL FUNDS | 18,192 | 13,044 | 31,236 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 93,099 | (80,055) | 13,044 |
| TOTAL FUNDS | 93,099 | (80,055) | 13,044 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,192 | 50,934 | 69,126 |
| TOTAL FUNDS | 18,192 | 50,934 | 69,126 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 190,525 | (139,591) | 50,934 |
| TOTAL FUNDS | 190,525 | (139,591) | 50,934 |
continued...
Page 8
KAWASAKI FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2021
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
KAWASAKI FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Office space hire Charitable activities Charitable activities Total incoming resources EXPENDITURE Raising donations and legacies Telephone and IT Postage and stationery Other trading activities Charitable activities Staff travel and subsistence Professional Marketing Premises cost Charitable activities Staff Cost Utilities Insurance Plant and machinery Other Cleaning and waste collection Accountancy Donations Carried forward |
2021 £ 2,482 86,613 89,095 8,331 97,426 3,678 568 4,246 3,712 1,529 115 773 32,641 38,770 2,478 11,299 326 662 14,765 957 540 258 1,755 |
2020 £ 1,261 81,477 |
|---|---|---|
| 82,738 10,361 |
||
| 93,099 1,817 2,298 |
||
| 4,115 8,226 5,817 1,863 924 37,666 |
||
| 54,496 4,833 9,442 564 662 |
||
| 15,501 1,466 4,200 196 5,862 |
This page does not form part of the statutory financial statements
Page 10
KAWASAKI FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2021
| for the Year Ended 31 MARCH 2021 | ||
|---|---|---|
| Other Brought forward Bank Charges Total resources expended Net income |
2021 £ 1,755 - 1,755 59,536 37,890 |
2020 £ 5,862 81 |
| 5,943 | ||
| 80,055 | ||
| 13,044 |
This page does not form part of the statutory financial statements
Page 11