FUNDATIA NEW UFE TRUSTEES. REPORT AND FINANCIAL STATEIAEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2021
Fundatia New Life Annual report for the yr ended 30 Sertthnber 2021 Trustees. report Report of the in(kpondont examiners Statement of flnancial actsvilKs Balance sheet Notss fornilng wt of the ac¢ounts 7-8
Fundatia New Life Charity Name and Number Fundatia New Life" registffed tharity numb 11(M)158 Mrs T A O'Reilly, Chair Mr R J Roberts. Treasurer prOf$10nal Advisors Roberts ACcntancY & Tax Limited. 11, Chartmoor Road. Leighton Buzzard Bedfordshire LU7 4WG Bankers Natwest BanL 47 c Horsham, RH12 1YZ
Fundatia New Lite Trustees. Annual Report for the year ended 30 September 2021 The charitable trust VRS establis1 iry Deed of Tnt on 17 2003 as amended by The obJ"ectNe of the charity is to reheve kwle in ty fvyoviding grants for the following groups of individuals in Romania: young people in schools ¥MJ instiiubons for the handbcapped. families with handicapwj young Feopk needing medical or other support youn9 people who have been aban by their famib85 or initubon and require The trustees have absolute pcthw regardirvJ the payment of f•apital or incorn for ¢haritable The trust deed provides for a minimum of three trustees. The of trustees is responsible for Ihe induction of any new trusiee wtruch involves awareness of trustee's reSponbillties, the goveming lMInIstrative Fyocedures. the hOry and phibsophil approach of the tharity. Statement of InMtees' r8sponsibilities Charity la wuires the trustees to wepare finanraal statanwts for each ffftanGial year thich show a true and fair view of the state of affairs of the charrty and its finarKial aCtivitS for that select suitable accountirs FM)licies and thon appty them IxY6istenty, state whether applicable accounting standards and stateffents of recommended practice stateMt$. and prepare the financial SfatWne on the going concem basis unless it is inapKYopriate to presume that the drity V•ill continue opwation. The tneeS are responsible for ensurrvJ woper a¢cwnlirtrJ records are maintained which disclose with sOnable accuracy at any time the financial poSin of the charity and to enable them to ensure that the financial statements ¢ompty with the Charities Act 2011. They are also reSpOrIble for safeguardtng the assets of the chlty and hen for LirvJ rea%)nable steps for the prevention of fraud and otFEr irregularities.
Flnancial revlew Net incoming resources for the year was an increase of £3.Tf9 P020 increase £5.115], after grants and opernt'onal expenses of £35,046 P020 £17.1241 were paid. Tr value of free resources at the year-end was £14.717 P020 £10938] (rnt current a$8ets). Inknnqknt Examiner Ihe Trust in trE folkming year. T A O'Roilly Chairn7an
Independent Examiners, Report to the Trustees of Fundatia New Life We report on Ihe accounts of the Trust for the year ended 30 September 2021, which are set out on pages 5 to 8. RespKtivo responsibilities of trustees and examiner Th@ eharty's trustees are responsible for the prepar2tion of the accounts. Th$ charity's truslees Gonsider that an audit is not required for this year under section 144 01 the Charities Art 2011 (the Charities Act) and that an independent examination is needed. It is our responsibilty to: examine the accounts under seth.on 145 of the Charities Act).. to follow the procedures laid down in the General Directions given by the Charity Commissioners {under section 145{5){b) of the Charities Act)., and to state whether particular matters have come to our attention. Basis of independent examiners. report Our examination was c2rried out in accordance with General Directions given by the Charity Commission. An examination indudes a review of the accounting rdS kept by the charity and a comparison of the acuntS presented wtth those records. It also indudes consideration of any unusual ttem5 or disclosures in the accounts. and seeking explanations from the trustees conceming any such rnatters. The procedures undertaken do not provide all the evidence that would be reqUId in an audrt, and consequently no opinion is given as to whether the accounts present a °true and faiff view and the report is limited to those rnatters set out in the statement below. Independent examiners, statement In connection wrth our examinath"on. no matter has come to our attention" which gives us reasonable cause to believe that, in any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charities Acll.. and to prepare accounts which accord with the accounting records and comply wrth the accounting requirements of the Charities Act.. have not been met" or 2. to which. in our OPiDion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. 19 July 2022 ROBERTS AGGOUNTANCY & TAX LIMITED
Fundatia New Life Statement of Financial ktlvftim for the year endod 30 September 2021 Total funds Total funds 2020 Incoming res(wrces Donations, legacies and simitar incoming resources Income from aGtIVib for generating funds 25.725.QJ 19,454.(X) 13,100.00 2,785.00 Inve5trnent income (a) Total iIng 38,825.00 22,239.00 (a) ReseNe a(xnt dosed 3(2* Resources expended Chaiitable actwihes Grants and donations payable 34.500.(K) 16,600.00 Costs of generating funds Professional fees GovemanGe G06ts 216.QKI 330.00 216.00 308.00 Total Trsources eXpeIed 35.046.00 17,124.00 Net Incoming Resources 3,TT9.00 5,115.00 Reconciliation of Funds Total furKl$ brought forward 10,938.00 717.00 5.823.00 10.938.00
FundatFa Llfe Balance Sheet as at 30 Septsmber 2021 2020 Current assets Debtors arml prepayments Cash at bank and in hand 3.394. 515.00 10,423.00 10.938.C 14.717.CKI Creditors: am(wnts falllng d withFn one year 14.717.( 10.938.(K) 14.717.fJ) 10.938.00 14,717.IX) 10.938.00 2022 s*Jn C Iheir behalf ty. T A O'REILLY R J ROBERTS
Fundatla New Life In preparing the aCcnts fdkming aCcryjnti pdicies have iwi Compl with: are in accordance wÈth applieaNe accounting standards, the Ciiarities SORP (AccountiThJ arKI Reporbry by Charitits) and Ixffityy with th8 CharItS (A£counts and Reports) Regulatk)ns issued urKler the Charities Ad 2011 Investrnent income is recorded wtwi re1vable Gift aid redairnable on donati¢ to the chwity is #xlwled the amount ExFendrture on grants is recor once the Trust has made an UnCorlOnal ¢ommttment to pay the grant arKI this is Communica to the bwthiary or the grant has been paid. wthichever is the eartier. b) d) The Trust is a registered drtY aJ)d aCdVJfy is exty from taxation on ts income The charity has no paNJ empb)Ees year (2020 nore). InveSts)nt income has arisen as follows: There is no inVeStnrt im)rrn (2020: £0.on Anatysis of charllable expendiknrè and grants made to IMt11 The charity makes grants to assist handicapped yolry peopk in Ronwia by contributir¥J to the operatM)nal costs of Amara House. ItUtIon Tolal Amount paid Fundatia New Life (Romartia) 34.500.00
2020 Bank charges 216 216 524 Administratlon 10 Tangible flxed assets The charity has no tangible rj assets. Anatysis of debtors The debtors figure is tax recov £3394 and d(r funds of £0 {2020 Tax recoverable £515 MI furmts of £0) 11