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
1
## **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:
- 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**
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:
- 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 .23 June 2023.
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 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:
- 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 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|
4
## **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
5
## **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|
6