2021-03-31-accounts - Haven Distribution

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HAVEN DISTRIBUTION

Report of the Trustees

and

Financial Statements

for the year ended 31st March 2021

HAVEN DISTRIBUTION

Index	Page
Report of the Trustees	2
Report of the Independent Examiner	3
Statement of Financial Position	4
Income Statement	5
Notes to the Accounts	6 - 8

HAVEN DISTRIBUTION

Report of the Trustees For the year ended 31[st] March 2021

The Trustees present their annual report and the unaudited financial statements for the year ended 31[st] March 2021. In preparing this report the Trustees have complied with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP FRS102) and applicable accounting standards.

Reference and administrative information

Charity name: Haven Distribution Charity registration number: 1089868 Registered in: England and Wales Registered Office: 27 Old Gloucester Street. London, WC1N 3XX The charity is not a limited company Bankers: Cafbank

Trustees

The following persons acted as Trustees of the charity during the year: Lee Humphries; Kim Shearer; Emma Long, Luke Billingham.

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.

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The Trustees are required 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 the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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.

By order of the Board

Lee Humphries Kim Shearer Chair Secretary

Independent Examiner's Report To the Trustees of HAVEN DISTRIBUTION On the accounts for the year ended 31st March 2021 I have examined the antS on pages 4 to 8 thich have been prepared on the basis of the accounting policies set out on page 6. Respective Respon8ibilities of Trustees and Examiner The trustees of the charty are responsible for the prepathM)n of the acC(nts. They consider that an aLklit is not required for this year, under Sect 144{2) of the Chafities Act 2011 (Ihe Acri, and that an independent eXaMinatn is needed. As independent examiner it is my responsibilty to: (1) (2) Examine the accounts under sadion 145 of the Act: Follow the procedures l•d down in the General Directions given by the Chanty Commission under section 145{5llb} of the Ad.. stste whether particular matters have to my attention. (3) Basi8 of Examinerfs Statement My examination was camed out in accord8nc£ with General Directions given by the Charity Commissioners. An examination indudes a review of the accounts'ng records kept by the charTty and comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disdosures in the 8ccounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provKle all the evKlenc4 that r+uld be required in an audit, and consequently I do not express aLKlit opinion on the accwnts. Independent Examiner's Statemont In the course of my examination, no matter has come to my attentn.. {1) Thich give8 me re&80naLle cause to lie that, in any material respxt, the trustees have not met the requirement to ensure that.. Proper accounting records a kept., and ACunt5 are prepar&J whth agree with the accounb'ng records and comply with the accounting requirements of Ihe Act.. or To which in my optnion, attentn should be dr*wn in order to enable a proper understanding of the acL¥)unts to be reached. (2) (3) (4) Antony Wood 22 Chester Road London N17 6BY Date.. 18th January 2022

HAVEN DISTRIBUTION STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2021

Notes FIXED ASSETS CURRENT ASSETS Bank accounts: CafGold CafCash Paypal account Debtors & prepayments TOTAL CURRENT ASSETS CURRENT LIABILITIES: Creditors Accrued expenses TOTAL CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES: Restricted funds Unrestricted funds TOTAL FUNDS	44,457 1,077 1,809 448	2021 £ 0 35,631 1,061 28 0 47,791 0 0 0 47,791 2,308 45,483 47,791	2020 £ 0 36,720 0
	0 0

			36,720
			614 36,106
			36,720

APPROVED BY THE TRUSTEES ON: 20th January 202220th January 2021

and signed on their behalf by:

Chair Secretary Print name: Lee Humphries Print name:

Kim Shearer

HAVEN DISTRIBUTION INCOME STATEMENT YEAR ENDED 31 MARCH 2021

notes
Receipts
Grants
3
Donations
8
Prisoner Contributions
Sales
Bank Interest
Total Receipts
Payments
Bank Charges
Postage
Postal Box Charges
Premises Costs
4
Publications
Stationery
Promotional Materials
Website Costs
Professional Fees
Depreciation
Total Payments
SURPLUS/(LOSS) FOR YEAR
Fund balances brought forward
Fund balances carried forward
5

restricted
unrestricted
TOTAL
TOTAL
2021
2020
£
£
£
£
18,250
0
18,250
4,000
2,335
16,175
18,510
6,385
0
21
21
44
0
189
189
403
0
15
15
67
20,585
16,400
36,985
10,899
0
339
339
219
965
0
965
1,242
293
0
293
370
0
3,273
3,273
3,408
17,633
3,111
20,744
19,744
0
0
0
176
0
0
0
174
0
0
0
29
0
300
300
300
0
0
0
82
18,891
7,023
25,914
25,744
1,694
9,377
11,071
(14,845)
614
36,106
36,720
51,565
2,308
45,483
47,791
36,720

HAVEN DISTRIBUTION

Notes to the Accounts

For Year Ended 31st March 2021

1) ACCOUNTING POLICIES

(A) Basis of accounting

The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard FRS102 (section 1A) and the Charities SORP. A summary of the more important accounting policies, which have been applied consistently, are set out below.

Haven Distribution meets the definition of a public benefit entity under FRS102. The society has taken advantage of the exemption in Financial Reporting Standard FRS102 (Section 1a) from producing a Cash Flow Statement.

(B) Preparation of the accounts on a going concern basis

The Trustees are of the view that the charity is a going concern and the financial statements have been prepared on this basis.

(C) Incoming Resources

Incoming Resources are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, the trustees are certain they will receive the resources, and the monetary value can be measured with sufficient reliability. Legacies, grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Investment income is included in the accounts when receivable. Gifts in kind and donated services and facilities are not given an estimated value in the accounts. Volunteer help is not given any value in the accounts but is described in the trustees’ annual report.

(D) Tangible Fixed Assets

The cost of tangible fixed assets is their purchase cost. Depreciation is provided on tangible fixed assets to write off the cost, less the estimated residual value, of each asset over its expected useful life as below.

Computer equipment 25% Straight Line method

(E) Taxation

The charity is recognised as a charity for taxation purposes. As such, the charity is exempt from tax on income and gains to the extent that these are applied to charitable objectives. No tax charges have arisen in the charity. The charity is not registered for Value Added Tax (VAT). Expenditure includes any attributable VAT.

(F) Reserves & Funds

The accounts distinguish between restricted and unrestricted funds: Restricted funds are received from donors and are subject to restrictions on the purpose for which they may be used. The costs of raising, spending and administering those funds are charged against each fund. Unrestricted funds are those where there are no externally imposed restrictions. These include those freely available to the Charity for expenditure or appropriation to reserves for general charitable purposes.

HAVEN DISTRIBUTION Notes to the Accounts For Year Ended 31st March 2021 continued

(G) Debtors and Creditors

Debtors and Creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

(H) Presentation Currency The presentation currency is pounds sterling.

2) FIXED ASSETS

FIXED ASSETS
	2021
Computer Equipment
Cost
Opening Balance	328
Additions in year	0
Closing Balance	328
Depreciation
Opening Balance	328
Charge for year	0
Closing Balance	328
Net Book Value – 31 March 2021	0
Net Book Value – 31 March 2020	0

3) GRANTS RECEIVED

	Restricted	Unrestricted	Restricted	Unrestricted
	2021	2021	2020	2020
	£	£	£	£
Aldo Trust	4,000	0	4,000	0
S Dowd Trust	450	0	0	0
Paul Stephenson	1,800	0	0	0
JJ Charitable Trust	12,000	0	0	0
Total	18,250	0	4,000	0

HAVEN DISTRIBUTION Notes to the Accounts For Year Ended 31st March 2021 continued

4) PREMISES COSTS

The premises costs are split as following:

Rent Phone & Broadband Total	2021 2,640 633 3,273	2020 2,640 768
		3,408

5) RESTRICTED FUNDS

The restricted funds balance of £2,308 includes a yearly appeal run by the organisation for children’s books for prisoners. In the present financial year £2,335 in donations were raised and a grant from the Siobhan Dowd Trust of £450. £2891 was spent on children’s books for prisoners, leaving £508 carried forward for the next financial year. The remaining £1,800 carried forward is for support for inmates in London prisons.

6) TRANSACTIONS WITH RELATED PARTIES

There were no transactions with related parties.

7) EMPLOYEES

The average number of employees during the year was nil.

8) DONATIONS

The donations figure includes a one off unrestricted bequest of £9610 from Jennifer Poland.