REGISTERED COMPANY NUMBER: 04873624 (England and Wales) REGISTERED CHARITY NUMBER: 1103895
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021
for
The Desk & Chair Foundation
Gillespie Inverarity & Co (London) Ltd Suite F, Symal House 423 Edgware Road London NW9 0HU
The Desk & Chair Foundation
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 |
The Desk & Chair Foundation
Report of the Trustees
for the Year Ended 31 December 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 December 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 charity's objects and principal activities are:
-
The advancement of education of any person in Tanzania, England and Wales or elsewhere;
-
The relief of financial hardship and the assistance of social welfare.
The main objectives and activities for the year continued to focus upon the establishment of new wells by working in partnership with the local communities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year we continued with the educational programs by assisting with individual school fees as well as provisions of student desks and chairs to schools in Tanzania.
We also funded sanitary facility's in and around schools and hospitals to assist in social welfare.
We have continued with assisting with mobility of those who are disabled by the provision of tricycles and wheelchairs.
We have also continued in our efforts in funding of social sustainability projects and the education of villagers of the importance of the same and the impact of global warming.
Additional details can be found at: www.tdcf.org.uk
FUTURE PLANS
The charity plans to continue their activities outlined above in the forthcoming years subject to funding.
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.
Organisational structure
The trustees meet monthly and are responsible for the strategic direction, policy as well as the day to day management of the charity.
Induction and training of trustees
All the trustees are familiar with the practical work of the charity, having visited the projects in Tanzania.
Related parties
In so far as it is complimentary to the charity's objects, the charity is guided by local and international policy.
Page 1
The Desk & Chair Foundation
Report of the Trustees
for the Year Ended 31 December 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04873624 (England and Wales)
Registered Charity number
1103895
Registered office
Units SCF 1 & 2 Western Industrial Market Hayes Road Southall Middlesex UB2 5XJ
Trustees
Dr S P L Meghjee Mr A K Meghjee
Independent Examiner
Gillespie Inverarity & Co (London) Ltd Suite F, Symal House 423 Edgware Road London NW9 0HU
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 30 August 2022 and signed on its behalf by:
Mr A K Meghjee - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Desk & Chair Foundation
Independent examiner's report to the trustees of The Desk & Chair Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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.
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Independent Examiner's Report to the Trustees of The Desk & Chair Foundation
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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
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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.
Alexander Gillespie Institute of Chartered Accountants in England and Wales Gillespie Inverarity & Co (London) Ltd Suite F, Symal House 423 Edgware Road London NW9 0HU
30 August 2022
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The Desk & Chair Foundation
Statement of Financial Activities for the Year Ended 31 December 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Tanzania - Welfare NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 279,001 295,463 (16,462) 34,798 18,336 |
Restricted funds £ - - - - - |
31.12.21 Total funds £ 279,001 295,463 (16,462) 34,798 18,336 |
31.12.20 Total funds £ 291,647 270,845 |
|---|---|---|---|---|
| 20,802 13,996 |
||||
| 34,798 |
The notes form part of these financial statements
Page 5
The Desk & Chair Foundation
Balance Sheet
31 December 2021
| 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 19,416 | - | 19,416 | 35,878 | |
| CREDITORS | |||||
| Amounts falling due within one year | 5 | (1,080) | - | (1,080) | (1,080) |
| NET CURRENT ASSETS | 18,336 | - | 18,336 | 34,798 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 18,336 | - | 18,336 | 34,798 | |
| NET ASSETS | 18,336 | - | 18,336 | 34,798 | |
| FUNDS | 6 | ||||
| Unrestricted funds: | |||||
| General fund | 18,336 | 34,798 | |||
| TOTAL FUNDS | 18,336 | 34,798 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.
The notes form part of these financial statements
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continued...
The Desk & Chair Foundation
Balance Sheet - continued
31 December 2021
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 30 August 2022 and were signed on its behalf by:
Mr A K Meghjee - Trustee
The notes form part of these financial statements
Page 7
The Desk & Chair Foundation
Notes to the Financial Statements for the Year Ended 31 December 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.
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continued...
The Desk & Chair Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
4.
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Tanzania Support Staff | 1 | 1 | |
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 291,647 | - | 291,647 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Tanzania - Welfare | 270,845 | - | 270,845 |
| NET INCOME | 20,802 | - | 20,802 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 13,996 | - | 13,996 |
| TOTAL FUNDS CARRIED | |||
| FORWARD | 34,798 | - | 34,798 |
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The Desk & Chair Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 6. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 34,798 TOTAL FUNDS 34,798 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 279,001 TOTAL FUNDS 279,001 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 13,996 TOTAL FUNDS 13,996 |
31.12.21 £ 1,080 Net movement in funds £ (16,462) (16,462) Resources expended £ (295,463) (295,463) Net movement in funds £ 20,802 20,802 |
31.12.20 £ 1,080 At 31.12.21 £ 18,336 18,336 Movement in funds £ (16,462) (16,462) At 31.12.20 £ 34,798 34,798 |
|---|---|---|
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The Desk & Chair Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 291,647 291,647 |
Resources expended £ (270,845) (270,845) |
Movement in funds £ 20,802 20,802 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.1.20 in funds 31.12.21 £ £ £ 13,996 4,340 18,336 13,996 4,340 18,336 |
Net movement At At 1.1.20 in funds 31.12.21 £ £ £ 13,996 4,340 18,336 13,996 4,340 18,336 |
|---|---|---|
| 18,336 |
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 £ 570,648 570,648 |
Resources expended £ (566,308) (566,308) |
Movement in funds £ 4,340 4,340 |
|---|---|---|---|
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continued...
The Desk & Chair Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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The Desk & Chair Foundation
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2021 | ||
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 279,001 | 291,647 |
| Total incoming resources | 279,001 | 291,647 |
| EXPENDITURE | ||
| Charitable activities | ||
| Projects | 279,687 | 253,277 |
| Support costs | ||
| Management | ||
| Insurance | - | 507 |
| Accountancy Fees | 1,080 | 1,080 |
| 1,080 | 1,587 | |
| Finance | ||
| Wages | 12,940 | 11,940 |
| Bank charges | 1,756 | 1,449 |
| 14,696 | 13,389 | |
| Information technology | ||
| Website Cost | - | 2,592 |
| Total resources expended | 295,463 | 270,845 |
| Net (expenditure)/income | (16,462) | 20,802 |
This page does not form part of the statutory financial statements
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