Jade Financial Statements 31 July 2022
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 (resigned 30 September 2021) Robert Ashworth
Reporting accountant
Fiona Fraser 3 Barossa Place Perth PH1 5HA
Bankers
Barclays Bank
Charity's principal address
43-45 Camden Road London NW1 9LR
Registered charity number 1079306
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Jade
The Trustees present their report and financial statements for the period ended 31 July 2022. 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:
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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
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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
During the year both families returned to the UK to live. They have continued to work with their contacts and networks abroad, but from the UK, with occasional travle abroad, and more such travek is planned. Such work includes the oversight and mentoring of teams and individuals working overseas in the same or similar fields.
The work in the UK, based primarily in London, is in part amongst the people groups who have immigrated from the same overseas countries form which the families have returned. Such people include refugees and others who are vulnerable. Community projects and being run and developed, eg a women's group, gardening projects and teaching of English as a second language. Some of these project do, and will have, links with overseas. As an example, an arts cooperative is being established in London, with a view to developing connections between these communities and those of the similar arts association built and established abroad, and events are put on monthly in support of this.
Jade is beginning to work with partners to provide accommodation for charity workers in London.
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:
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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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 .23 June 2023.
Chairman of Trustees
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Jade
Independent Examiner's Report to the Trustees
I report on the accounts of the Charity for the year ended 31 July 2022 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:
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examine the accounts (under section 145 of the 2011 Act);
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to follow procedures laid down in the General Directions given by the Charity
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Commissioners (under section 145(5)(b) of the 2011 Act);
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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:
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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
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to prepare accounts which accord with the accounting records and comply with the
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accounting requirements of the 2011 Act have not been met; or
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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
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Jade
Statement of financial activities for the year ended 31 July 2022
| Jade Statement of financial activities for the year ended 31 July 2022 |
||
|---|---|---|
| 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 2021 Allocated to Restricted Funds Balances carried forward 31 July 2022 |
Unrestricted Merritt MacDonald Total Funds Funds 2022 £ 480 22,781 30,009 53,270 - - 480 22,781 30,009 53,270 480 22,781 30,009 53,270 22,500 32,000 54,500 - - 22,500 32,000 54,500 150 150 - 150 - - 150 150 22,500 32,000 54,650 330 281 (1,991) (1,380) 3,676 15,545 7,978 27,199 - 4,006 15,826 5,987 25,819 Restricted funds |
2021 £ 54,877 - - 54,877 |
| 54,877 | ||
| 48,250 | ||
| 48,250 | ||
| 150 | ||
| 150 | ||
| 48,400 | ||
| 6,477 20,722 - 27,199 |
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Jade
Balance Sheet as at 31 July 2022
| 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 2022 |
2022 £ 25,969 (150) 25,819 25,819 4,006 21,813 25,819 |
2021 £ 27,349 (150) 27,199 27,199 3,676 23,523 27,199 |
2021 £ 27,349 (150) 27,199 27,199 3,676 23,523 27,199 |
|---|---|---|---|
| 27,199 | |||
| 3,676 23,523 |
|||
| 27,199 |
These accounts were approved by the board of trustees on and signed on its 23 June 2023 behalf by:
Chairman of Trustees
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Jade
Notes to the Accounts for the year ended 31 July 2022
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 |
2022 £ 150 150 2022 £ 15,545 281 15,826 7,978 (1,991) 5,987 21,813 |
2021 £ 150 |
|---|---|---|
| 150 | ||
| 2021 £ 11,283 4,262 |
||
| 15,545 | ||
| 6,093 1,885 |
||
| 7,978 | ||
| 23,523 |
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