2022-01-31-accounts

05340561 (CHARITY NO: 1109436)

CHARITY REGISTERED NUMBER:1109436

ASSET (GB) LIMITED

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

CHURCHILL ROSE

CHARTERED ACCOUNTANTS AND TAX ADVISERS 7 BELL YARD LONDON WC2A 2JR

ASSET (GB) LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Company Number:	05340561 (charity no: 1109436)
Registered Charity Number:	1109436
Director:	Heather Meyer
	Virginie Isbell
	Karen Edwards
	Christopher Ellis
Trustees:	Karen Edwards
	Virginie Isbell - Company Secretary & Treasurer
	Heather Meyer - Chair
	Christopher Ellis
Registered Office:	144 Highlever Road
	London
	W10 6PJ
Accountants:	Churchill Rose
	Chartered Accountants and Tax advisers
	7 Bell Yard
	London
	WC2A 2JR
Bankers:	The Co-operative Bank plc
	Business Direct
	Blaise Pascal House
	100 Pavilion Drive
	Blackmills
	Northampton NN4 7WZ

ASSET (GB) LIMITED

FOR THE YEAR ENDED 31 JANUARY 2022

CONTENTS

	Page
Charity - Trustees Report	1
Independent Examiner's Report	3
Balance sheet	5
Statement of financial activities	7
Schedule of funds	8
Notes	9

ASSET (GB) LIMITED

DIRECTORS' AND TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JANUARY 2022

The Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 January 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.

Structure, Governance and Management

Organisation

The company was set up by a Memorandum of Association on 24 January 2005 and became a charitable company on 11 May 2005, as a company limited by guarantee and not having a share capital. The company was registered with the Charity Commission for England and Wales as a charity with effect from 11 May 2005 under registration 1109436. The initial members of the charity were the subscribers to the Memorandum of Association and the current members are the Trustees of the charity. The charitable company is limited by guarantee and does not have share capital. In the event that the charity is dissolved while a member remains a member, or within 12 months afterwards, every member has agreed to contribute up to £10 towards the costs of dissolution and the liabilities incurred by the charitable company while the contributor was a member.

Objectives and activities

Asset (GB) Limited's charitable objectives are to advance the education of the public in Special Educational Needs (SEN); to provide specialist educational advice and support to parents of children with SEN, especially those who are appealing to SEN and Disability Tribunal (SEND), and to undertake training courses in SEN legislation for parents and others.

The trustees are responsible, inter alia, for managing the charity, entering contracts on its behalf, expending funds in such a manner as they consider most beneficial to the achievement of the charitable objects of the charity and investing charitable funds.

Matters arising at Trustees’ meetings shall be decided by majority vote. Resolutions will fail if a majority of votes is not secured in their favour and an elected chairman will have a casting vote in addition to any other vote he or she may have in the event of an equality of votes.

When recruiting new Trustees, Asset (GB) Ltd looks for individuals with skills and experience which are considered of value to the charity and which are not necessarily held by the existing Trustees. Potential Trustees are interviewed by existing Trustees and, if appointed, are provided with a pack of information including, inter alia, a copy of the most recent annual report and financial statements and copy of the charitable company’s Memorandum and Articles of Association. New Trustees then sign a declaration of willingness to act as a charity Trustee before being eligible to vote.

Page 1

ASSET (GB) LIMITED

FOR THE YEAR ENDED 31 JANUARY 2022

DIRECTORS' AND TRUSTEES' REPORT (Continued)

Review of the Activities

In the year to January 2022, ASSET (GB) Ltd. held three trustee meetings. In view of the continuing issues resulting from the pandemic, online meetings using Zoom were continued.

Support via the Web:

ASSET’s website (www.sen-help.org.uk) was regularly updated to provide accessible information to parents and professionals.

Throughout the year, ASSET continued to provide online training to various Parent/Carer forums on a wide range of issues. The feedback has been very positive with further sessions arranged.

Feedback from parents and professionals show the content of the website, which includes practical support, continues to prove helpful.

Advocacy:

Appeals during the year to the end of January 2022 continued to increase, including appeals made under ‘Extended Appeals’ system which involves appeals against the Health and Social Care sections of an Education, Health and Care Plan (as long as there is an appeal against the Education section of the EHC plan).

ASSET continued to offer advocacy services to parents in view of the ongoing need for an experienced advocate to assist with appeals as the pandemic continued to cause delays to legal deadlines as a result of the pandemic. It is hoped that that the Training Services can be developed to offer training to more Parent/Carer forums and also offer training to schools and charities as a way of reaching more parents and professionals through the cascading of information.

Membership of relevant bodies:

ASSET continues to have representation, by invitation, on the South East Tribunal’s User Group and the Matrix Chambers ‘Education Claimants Roundtable’. The regular attendance at the Tribunal’s User Group enables ASSET (now known as ‘sen-help.org.uk) to keep updated with forthcoming changes to the appeal system.

Review of Financial position

This year unrestricted charitable income totalled £26,490 (£20,544 in 2021) and the total expenditure was £24,017 (£18,078 in 2021) resulting in a net deficit of £1,131 (deficit £1,094 in 2021) bringing our balance to £14,017. All income and expenditure during the year was unrestricted.

Page 1

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ASSET (GB) LIMITED

FOR THE YEAR ENDED 31 JANUARY 2022

I report on the accounts which are set out on pages 5 to 11

Respective responsibilities of the

The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

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 that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 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 (FRS102).

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.

........................................ Dated: Churchill Rose Chartered Accountants and Tax advisers 7 Bell Yard London WC2A 2JR

Page 4

	AT31	JANUARY2022
	Note	2022			2021
		£	£	£		£
Tangiblefixed assets
Tangible assets	4		0			2,000
Currentassets
Debtors	5	l,892		2,224
Bank Accounts		14,320		13,524
		16,212		15,748
Creditors
Amounts falling due within
one year	6	2,195		2,599
Netcurrentassets			14,017			13,149
Totalassets lesscurrentliabilities			14,017			15,149
Net assets			£14,017			£15,149
Capitalfunds
Unrestricted funds			14,017			15,149
Totalfunds			£14,017			£15,149

ASSET (GB) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2022

		Total	Total
	Unrest'd	Funds	Funds
	Funds	2022	2021
	£	£	£
Incoming resources
Incoming Resources from
generated funds:
Activities to generate funds	26,490	26,490	20,544
	––––––	––––––	––––––
	26,490	26,490	20,544
	––––––	––––––	––––––
Total incoming resources	26,490	26,490	20,544
	––––––	––––––	––––––
Resources expended
Charitable activities	24,017	24,017	18,078
Governance costs	3,604	3,604	3,560
	––––––	––––––	––––––
Total resources expended	27,621	27,621	21,638
	––––––	––––––	––––––
Net movement in funds	(1,131)	(1,131)	(1,094)
Total funds brought forward	£15,149	£15,149	16,243
	––––––	––––––	––––––
Total funds carried forward	£14,018	£14,018	£15,149
	––––––	––––––	––––––

Details of Incoming resources and resources used are given in the notes to the financial statements.

Page 7

ASSET (GB) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

DETAILED ANALYSIS OF MOVEMENTS IN FUNDS

FOR THE YEAR ENDED 31 JANUARY 2022

		2022			2021
	£		£	£		£
General Fund
Balance B/fwd	15,149			16,243
Deficit for the year	(1,131)			(1,094)
	––––––			––––––
			14,018			15,149
			––––––			––––––
Total funds at 31 January 2022			£14,018			£15,149
			––––––			––––––

Page 8

ASSET (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

1. Accounting policies

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016 and Update Bulletin 2 published on 5 October 2018) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Companies Act 2006 and UK Generally Accepted Practice.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants received

Grants related to capital expenditure on tangible assets are credited to the profit and loss account when it is certain that the conditions for income recognition has been met.

Page 9

ASSET (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JANUARY 2022

2. Tangible fixed assets

			Fixtures
			and
			Fittings
			£
	Cost:
	At 1 February 2021		9,996
			–––––
	At 31 January 2022		9,996
			–––––
	Depreciation:
	At 1 February 2021		7,996
	Charge for the year		2,000
			–––––
	At 31 January 2022		9,996
			–––––
	Net book value:
	At 31 January 2022		£ 0
			–––––
	At 31 January 2021		£2,000
			–––––
3.	Debtors and prepayments
	Amounts falling due within one year:
		2022	2021
		£	£
	Sales ledger balances	1,500	1,860
	Prepayments	392	364
		–––––	–––––
		£1,892	£2,224
		–––––	–––––
4.	Creditors
	Amounts falling due within one year:-
		2022	2021
		£	£
	Purchase ledger balances	1,365	1,689
	Accrued Expenses	830	910
		–––––	–––––
		£2,195	£2,599
		–––––	–––––

Page 10

ASSET (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 JANUARY 2022

5. Incoming resources Unrest'd Funds 2022 £ Activities for generating funds Charitable activities 26,490 –––––– 26,490 –––––– 6. Charitable activities 2022 £ Charitable activities 24,017 –––––– 7. Governance costs 2022 £ Insurance 559 Accountancy charges 680 Bookkeeping fees 330 Legal and professional 35 Depreciation - Admin - owned assets 2,000 ––––––	Total Funds 2022 £ 26,490 –––––– 26,490 –––––– 2022 £ 24,017 –––––– 2022 £ 3,604 ––––––	Total Funds 2021 £ 20,544 –––––– 20,544 –––––– 2021 £ 18,078 –––––– 18,078 –––––– 2021 £ 518 750 280 13 1,999 –––––– 3,560 ––––––