REGISTERED COMPANY NUMBER: 4595978 (England and Wales) REGISTERED CHARITY NUMBER: 1098978
Report of the Trustees, Independent Examiners Report and
Unaudited Financial Statements for the Year Ended 30 June 2021
for
Light for Bulgaria Limited
Light for Bulgaria Limited
Contents of the Financial Statements for the Year Ended 30 June 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Light for Bulgaria Limited
Report of the Trustees for the Year Ended 30 June 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 30 June 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
4595978 (England and Wales)
Registered Charity number
1098978 Charity Commission for England & Wales
Registered office
77 Strouden Road Bournemouth Dorset BH9 1QN
Trustees
D James Mrs M N Lineros T R Cologne
Company Secretary
Mrs M N Lineros
Approved by order of the board of trustees on 25 March 2022 and signed on its behalf by:
D James - Trustee
Page 1
Light for Bulgaria Limited
Statement of Financial Activities for the Year Ended 30 June 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Funds to Bulgaia Other Total NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
30/06/2021 Unrestricted fund £ 31,293 - (5,978) (5,978) 25,315 1,437 26,752 |
30/06/2020 Total funds £ 12,342 (700) (13,533) (14,233) (1,891) 3,328 1,437 |
|---|---|---|
The notes form part of these financial statements
Page 2
Light for Bulgaria Limited
Balance Sheet as at 30/06/2021
| Notes CURRENT ASSETS Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 5 TOTAL FUNDS |
30/06/2021 Unrestricted fund £ 26,752 26,752 26,752 26,752 26,572 26,572 |
30/06/2020 Total funds £ 1,437 1,437 1,437 1,437 1,437 1,437 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 March 2022 and were signed on its behalf by:
D James - Trustee
The notes form part of these financial statements
Page 3
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 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.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 4
Light for Bulgaria Limited
| Notes to the Financial Statements - continued | |||
|---|---|---|---|
| for the Year Ended 30 June 2021 | |||
| **2 ** | TRUSTEES' REMUNERATION AND BENEFITS | 30/06/2021 | 30/06/2020 |
| £ | £ | ||
| Trustees' salaries | 3,599 | 10,962 | |
| ( The company took advantage of HMRC JRS Grant scheme for the year ended 30 June 2021) | |||
| Trustees' expenses | 1,676 | 2,129 | |
| **3 ** | STAFF COSTS | 30/06/2021 | 30/06/2020 |
| The average monthly number of employees during the year was as follows: | |||
| Trustee | 1 | 1 | |
| No employees received emoluments in excess of £60,000. | |||
| **4 ** | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
||
| Donations and legacies | 12,342 | ||
| EXPENDITURE ON | |||
| Other | (14,233) | ||
| NET INCOME | (1,891) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 3,328 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,437 |
Page 5
Light for Bulgaria Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
5 MOVEMENT IN FUNDS
| Net As at movement 01/07/2020 in funds £ £ Unrestricted funds General fund 1,437 25,315 TOTAL FUNDS 1,437 25,315 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 31,293 (5,978) TOTAL FUNDS 31,293 (5,978) Comparatives for movement in funds Net As at movement 01/07/2019 in funds £ £ Unrestricted funds General fund 3,328 (1,891) TOTAL FUNDS 3,328 (1,891) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 12,342 (14,233) TOTAL FUNDS 12,342 (14,233) |
As at 30/06/2021 £ 26,752 26,752 Movement in funds £ 25,315 25,315 As at 30/06/2020 £ 1,437 1,437 Movement in funds £ (1,891) (1,891) |
|---|---|
Page 6
Light for Bulgaria Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
5 MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net As at movement 01/07/2019 in funds £ £ 3,328 23,424 3,328 23,424 |
As at 30/06/2021 £ 26,752 26,752 |
|---|---|---|
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 resources expended £ £ 43,635 (20,211) 43,635 (20,211) |
Movement in funds £ 23,424 23,424 |
|---|---|---|
6 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
Page 7
Light for Bulgaria Limited
| Detailed Statement of Financial Activities for the Year Ended 30 June 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Relief work in Bulgaria Support costs Management Trustees' salaries Finance Trustees' expenses Insurance Office Postage and stationery Architect Fee Bank charges Total resources expended Net (expenditure)/income |
30/06/2021 £ 31,293 31,293 - (3,599) (1,676) (172) (400) (131) (2,379) (5,978) 25,315 |
30/06/2020 £ 12,342 12,342 (700) (10,962) (2,129) (76) (200) (86) - (80) (2,571) (14,233) (1,891) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 8
REGISTERED COMPANY NUMBER: 4595978 (England and Wales) REGISTERED CHARITY NUMBER: 1098978
Report of the Trustees, Independent Examiners Report and
Unaudited Financial Statements for the Year Ended 30 June 2021
for
Light for Bulgaria Limited
Light for Bulgaria Limited
Contents of the Financial Statements for the Year Ended 30 June 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Light for Bulgaria Limited
Report of the Trustees for the Year Ended 30 June 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 30 June 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
4595978 (England and Wales)
Registered Charity number
1098978 Charity Commission for England & Wales
Registered office
77 Strouden Road Bournemouth Dorset BH9 1QN
Trustees
D James Mrs M N Lineros T R Cologne
Company Secretary
Mrs M N Lineros
Approved by order of the board of trustees on 25 March 2022 and signed on its behalf by:
D James - Trustee
Page 1
Light for Bulgaria Limited
Statement of Financial Activities for the Year Ended 30 June 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Funds to Bulgaia Other Total NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
30/06/2021 Unrestricted fund £ 31,293 - (5,978) (5,978) 25,315 1,437 26,752 |
30/06/2020 Total funds £ 12,342 (700) (13,533) (14,233) (1,891) 3,328 1,437 |
|---|---|---|
The notes form part of these financial statements
Page 2
Light for Bulgaria Limited
Balance Sheet as at 30/06/2021
| Notes CURRENT ASSETS Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 5 TOTAL FUNDS |
30/06/2021 Unrestricted fund £ 26,752 26,752 26,752 26,752 26,572 26,572 |
30/06/2020 Total funds £ 1,437 1,437 1,437 1,437 1,437 1,437 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 March 2022 and were signed on its behalf by:
D James - Trustee
The notes form part of these financial statements
Page 3
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 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.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 4
Light for Bulgaria Limited
| Notes to the Financial Statements - continued | |||
|---|---|---|---|
| for the Year Ended 30 June 2021 | |||
| **2 ** | TRUSTEES' REMUNERATION AND BENEFITS | 30/06/2021 | 30/06/2020 |
| £ | £ | ||
| Trustees' salaries | 3,599 | 10,962 | |
| ( The company took advantage of HMRC JRS Grant scheme for the year ended 30 June 2021) | |||
| Trustees' expenses | 1,676 | 2,129 | |
| **3 ** | STAFF COSTS | 30/06/2021 | 30/06/2020 |
| The average monthly number of employees during the year was as follows: | |||
| Trustee | 1 | 1 | |
| No employees received emoluments in excess of £60,000. | |||
| **4 ** | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
||
| Donations and legacies | 12,342 | ||
| EXPENDITURE ON | |||
| Other | (14,233) | ||
| NET INCOME | (1,891) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 3,328 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,437 |
Page 5
Light for Bulgaria Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
5 MOVEMENT IN FUNDS
| Net As at movement 01/07/2020 in funds £ £ Unrestricted funds General fund 1,437 25,315 TOTAL FUNDS 1,437 25,315 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 31,293 (5,978) TOTAL FUNDS 31,293 (5,978) Comparatives for movement in funds Net As at movement 01/07/2019 in funds £ £ Unrestricted funds General fund 3,328 (1,891) TOTAL FUNDS 3,328 (1,891) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 12,342 (14,233) TOTAL FUNDS 12,342 (14,233) |
As at 30/06/2021 £ 26,752 26,752 Movement in funds £ 25,315 25,315 As at 30/06/2020 £ 1,437 1,437 Movement in funds £ (1,891) (1,891) |
|---|---|
Page 6
Light for Bulgaria Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
5 MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net As at movement 01/07/2019 in funds £ £ 3,328 23,424 3,328 23,424 |
As at 30/06/2021 £ 26,752 26,752 |
|---|---|---|
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 resources expended £ £ 43,635 (20,211) 43,635 (20,211) |
Movement in funds £ 23,424 23,424 |
|---|---|---|
6 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
Page 7
Light for Bulgaria Limited
| Detailed Statement of Financial Activities for the Year Ended 30 June 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Relief work in Bulgaria Support costs Management Trustees' salaries Finance Trustees' expenses Insurance Office Postage and stationery Architect Fee Bank charges Total resources expended Net (expenditure)/income |
30/06/2021 £ 31,293 31,293 - (3,599) (1,676) (172) (400) (131) (2,379) (5,978) 25,315 |
30/06/2020 £ 12,342 12,342 (700) (10,962) (2,129) (76) (200) (86) - (80) (2,571) (14,233) (1,891) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 8
Independent examiner's report to the Iruslees of LIGHT FOR BULGARIA LIMITEO {45959781. Charity Number 10989781tho Company) I feport to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021 Re$ponsibilitles and ba$18 of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act'i. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are ellqibte for independent examination. I report in respect of my examination of your charity's accounts as Carr out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent oxaminer'$ 8tatern•nl I have completed my examination. I confimi that no matters have come to my attention in connection with Ihe examination giving me cause lo believe.. 1. accounting records were not kept in resFeCt of the Company as rw4uired by section 386 of the 2006 Act., of 2. the accounts do not acrd with those records.. or 3. the accounts do not comply with the accounting requirements of section 398 of the 2006 Act olher than any fequiremenl that the accounts give a 'true and fair view which Is not a matter considefed as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Practice for accounting and reporting by charities lapplicable lo charil*s preparing their accounts in accordance with the Financial Reporting Slandafd applicable in the UK and Republic of Ireland IFRS 10211. 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 lo be leached H van der Vyver MIAC Christchurch 25 March 2022