Jade
Financial Statements
31 July 2020
## **Jade**
## **Report and accounts Contents**
||**Page**|
|---|---|
|Trustees, Advisors and Charity Information|1|
|Trustees' Report|2|
|Accountants' report|3|
|Statement of Financial Activities|4|
|Balance sheet|5|
|Notes to the Financial Statements|6|
## **Jade**
## **Trustees**
Barney Skrentny (Chair) Sally Bell Richard Bell Shantha Appavoo Anna Chamberlain Robert Ashworth
## **Reporting accountant**
Fiona Fraser 3 Barossa Place Perth PH1 5HA
**Bankers** Barclays Bank
## **Charity's principal address**
84 Burghley Road London NW5 1UN
## **Registered charity number**
1079306
1
## **Jade**
The Trustees present their report and financial statements for the period ended 31 July 2020. Details of Trustees and the charities advisors are set out on page 1.
## **Constitution, objects and policies**
The trustees set out on page 1 are the directors of the company.
The objects of the company are:
- to relieve persons who are in conditions of need or hadrship or who are aged or sick and to relieve the distress caused thereby in such parts of the world as the Trustees may from time to time think fit
- to promote economic development for the wider public benefit in areas and amongst people groups suffering material and financial hardship in such parts of the world as the Trustees may from time to time think fit **Directors** - to advance the christian faith in such parts of the world as the trustees may from time to time think fit
## **Review of activities and future developments**
As Covid-19 and national and international restrictions arising from it struck in March 2020, it became clear that life and work for the remaining months of the year (until 31 July 2020) was going to change drastically, and is expected to remain so for a good while into the future. Until Covid-19 struck, the work abroad had continued to flourish. With Covid, as everywhere, the existing avenues to reach out were restricted, but new creative means opened up, through the use of communications technology. Another impact has been on the frequency and ease of travelling home to the UK, which is difficult
## **Financial Review**
The Trustees are satisfied that the financial position of the Trust is secure and reserves are at a good level for emergency support if required. .
## **Statement of Trustees' responsibilities**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the charity's financial activities during the period and of it's financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board on .
Chairman of Trustees
2
## **Jade**
## **Independent Examiner's Report to the Trustees**
I report on the accounts of the Charity for the year ended 31 July 2020 which are set out on pages 5 and 6.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow procedures laid down in the General Directions given by the Charity
- Commissioners (under section 145(5)(b) of the 2011 Act);
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the
- accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fiona Fraser Chartered Accountant
3 Barossa Place Perth PH1 5HG
3
## **Jade**
## **Statement of financial activities for the year ended 31 July 2020**
|**Jade**
**Statement of financial activities**
**for the year ended 31 July 2020**|||
|---|---|---|
|**INCOMING RESOURCES**
Regular Gifts
Other income
Gift Aid
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Regular monthly payments
Other gifts
Accountancy fees
Conference fees
**TOTAL RESOURCES EXPENDED**
**Excess expenditure over income**
Balance of brought forward 1 August 2019
Allocated to Restricted Funds
Balances carried forward 31 July 2020|**Unrestricted**
**Merritt**
**MacDonald**
**Total**
**Funds**
**Funds**
**2020**
**£**
480
26,004
32,412
58,896
1,000
1,000
-
1,480
26,004
32,412
59,896
1,480
26,004
32,412
59,896
26,320
28,982
55,302
-
-
26,320
28,982
55,302
150
150
-
150
-
-
150
150
26,320
28,982
55,452
1,330
(316)
3,430
4,444
3,116
11,599
1,563
16,278
(1,100)
1,100
-
3,346
11,283
6,093
20,722
**Restricted funds**|**2019**
**£**
69,132
-
69,132|
||||
|||69,132|
|||64,736
1,000|
|||65,736|
|||150|
|||150|
|||65,886|
|||3,246
13,032
-
16,278|
4
## **Jade Balance Sheet as at 31 July 2020**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
2
**Represented by funds**
Unrestricted funds
Restricted funds
2
**Balance as at 31 July 2019**|20,872
(150)|**2020**
**£**
20,722
20,722
3,346
17,376
20,722|16,428
(150)|**2019**
**£**
16,278|
|---|---|---|---|---|
||||||
|||||16,278|
|||||3,116
13,162|
|||||16,278|
These accounts were approved by the board of trustees on and signed on its behalf by:
Chairman of Trustees
5
## **Jade Notes to the Accounts for the year ended 31 July 2020**
## **1 Accounting policies**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Statement of Recommended Practice Accounting Reporting by Charities (revised 2008). The accounts are prepared _**Turnover**_ on an accruals basis and income and expenditure are included as they are earned or incurred.
## **Funds**
Restricted funds are seperately identified and appropriately described. General funds are not subject to any restrictions regarding their use and are available for application on the general purposes of the company.
|**2**
**Creditors: amounts falling due within one year**
Accruals
**2**
**Restricted Funds**
**Merritt**
At 1 August
Movement in funds in year
Transferred from Unrestricted Funds
At 31 July
**MacDonald**
At 1 August
Movement in funds in year
Transferred from Unrestricted Funds
At 31 July
Total Restricted Funds|**2020**
**£**
150
150
**2020**
**£**
11,599
(316)
11,283
1,563
4,530
6,093
17,376|**2019**
**£**
150|
|---|---|---|
|||150|
|||**2019**
**£**
4,182
7,417|
|||11,599|
|||5,064
(3,501)|
|||1,563|
|||13,162|
6