REGISTERED COMPANY NUMBER: 04404870 (England and Wales) REGISTERED CHARITY NUMBER: 1095125
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Helenslea Tzedoko Limited
Frank Martin FCA 5 North End Road London NW11 7RJ
Helenslea Tzedoko Limited
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Helenslea Tzedoko Limited
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objects of the charity are the relief of poverty and furtherance of religion and education.
Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Internal and external factors
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.
FINANCIAL REVIEW
Financial position
The trustees consider that the performance of the charity this year has been most satisfactory.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity fore the next year.
FUTURE PLANS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee, as defined by the Companies Act 2006, and is therefore governed by a Memorandum and Articles of Association. It is a registered as a charity with the Charity Commission.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04404870 (England and Wales)
Registered Charity number
1095125
Registered office
5 North End Road London NW11 7RJ
Page 1
Helenslea Tzedoko Limited
Report of the Trustees for the Year Ended 31 March 2021
Trustees A Heller G Rokach L Rokach
Company Secretary A Heller
Independent Examiner Frank Martin FCA 5 North End Road London NW11 7RJ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Heller - Trustee
Page 2
Independent Examiner's Report to the Trustees of Helenslea Tzedoko Limited
Independent examiner's report to the trustees of Helenslea Tzedoko Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Frank Martin FCA 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
Helenslea Tzedoko Limited
Statement of Financial Activities for the Year Ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Charitable activities Donations paid Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.21 Unrestricted funds £ 10,217 26,155 3,689 40,061 187,382 570 187,952 (147,891) 1,364,020 1,216,129 |
31.3.20 Total funds £ 15,195 41,297 - |
|---|---|---|
| 56,492 31,000 12 |
||
| 31,012 | ||
| 25,480 1,338,540 |
||
| 1,364,020 |
The notes form part of these financial statements
Page 4
Helenslea Tzedoko Limited
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Investment property 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.3.21 Unrestricted funds £ 1,200,000 - 16,129 16,129 - 16,129 1,216,129 1,216,129 1,216,129 1,216,129 |
31.3.20 Total funds £ 1,200,000 12,000 153,502 165,502 (1,482) 164,020 1,364,020 1,364,020 1,364,020 1,364,020 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
............................................. A Heller - Trustee
Page 5
Helenslea Tzedoko Limited
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 charitable company, 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 Companies Act 2006. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Rents received | 26,155 | 41,297 |
3. 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.
Page 6
continued...
Helenslea Tzedoko Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Donations paid Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. INVESTMENT PROPERTY FAIR VALUE At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Unrestricted funds £ 15,195 41,297 |
|
|---|---|---|
| 56,492 31,000 12 |
||
| 31,012 | ||
| 25,480 1,338,540 |
||
| 1,364,020 | ||
| £ 1,200,000 1,200,000 1,200,000 |
||
continued...
Page 7
Helenslea Tzedoko Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 8. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 1,364,020 TOTAL FUNDS 1,364,020 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 40,061 TOTAL FUNDS 40,061 Comparatives for movement in funds At 1/4/19 £ Unrestricted funds General fund 1,338,540 TOTAL FUNDS 1,338,540 |
31.3.21 £ - 31.3.21 £ - Net movement in funds £ (147,891) (147,891) Resources expended £ (187,952) (187,952) Net movement in funds £ 25,480 25,480 |
31.3.20 £ 12,000 31.3.20 £ 1,482 At 31/3/21 £ 1,216,129 1,216,129 Movement in funds £ (147,891) (147,891) At 31/3/20 £ 1,364,020 1,364,020 |
|
|---|---|---|---|
continued...
Page 8
Helenslea Tzedoko Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,492 | (31,012) | 25,480 |
| TOTAL FUNDS | 56,492 | (31,012) | 25,480 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/19 £ 1,338,540 1,338,540 |
Net movement in funds £ (122,411) (122,411) |
At 31/3/21 £ 1,216,129 |
|---|---|---|---|
| 1,216,129 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 96,553 96,553 |
Resources Movement expended in funds £ £ (218,964) (122,411) (218,964) (122,411) |
Resources Movement expended in funds £ £ (218,964) (122,411) (218,964) (122,411) |
|---|---|---|---|
| (122,411) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
Helenslea Tzedoko Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,217 | 15,195 |
| Investment income | ||
| Rents received | 26,155 | 41,297 |
| Other income | ||
| Other income | 3,689 | - |
| Total incoming resources | 40,061 | 56,492 |
| EXPENDITURE | ||
| Charitable activities | ||
| Donations paid | 187,382 | 31,000 |
| Other | ||
| Legal and professional fees | 540 | - |
| Bank charges | 30 | 12 |
| 570 | 12 | |
| Total resources expended | 187,952 | 31,012 |
| Net (expenditure)/income | (147,891) | 25,480 |
This page does not form part of the statutory financial statements
Page 10