Registered Number: 07096961 Charity Number: 1120224 England and Wales
FREE THE CHILD (FTC)
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 January 2021
End date: 31 December 2021
FREE THE CHILD (FTC) Contents Page For the year ended 31 December 2021
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
| Detailed income statement | 12 |
2 of 13
FREE THE CHILD (FTC) Company Information For the year ended 31 December 2021
| Directors | Gladys Williams |
|---|---|
| Charles Bertin | |
| Caroline Olaoye | |
| Registered Number | 07096961 |
| Registered Office | 2 Colin Parade |
| London | |
| NW9 6SG |
3 of 13
FREE THE CHILD (FTC) Directors' Report For the year ended 31 December 2021
Principal activities
Principal activity of the company during the financial year was that of providing support to disadvantaged children, through the operation of the charity
This report was approved by the board and signed on its behalf by:
Gladys Williams Director
Date approved: 26 March 2022
4 of 13
FREE THE CHILD (FTC) Accountants' Report For the year ended 31 December 2021
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of
Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Gee Coopers LLP 31 December 2021
.................................................... Gee Coopers LLP 5th Floor
48-54 Moorgate London EC2R 6EJ 26 March 2022
5 of 13
FREE THE CHILD (FTC) Income Statement For the year ended 31 December 2021
| Incoming resources Notes Direct operating costs Gross income Administrative expenses Other operating income 2 Operating surplus 3 Interest payable and similar charges 5 Surplus on ordinary activities before taxation Tax on surplus on ordinary activities Surplus for the financial year |
2021 £ 58,913 (46,425) |
|---|---|
| 12,488 (12,797) 15,747 |
|
| 15,438 (191) |
|
| 15,247 - |
|
| 15,247 |
6 of 13
FREE THE CHILD (FTC) Statement of Financial Position As at 31 December 2021
| Fixed assets Tangible fixed assets Notes 6 Current assets Stocks 7 Debtors: amounts falling due within one year 8 Cash at bank and in hand Creditors: amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Special Reserves 10 Surplus transfer to reserves 11 Members' funds |
2021 £ 660 |
|---|---|
| 660 5,289 5,300 25,682 |
|
| 36,271 (500) |
|
| 35,771 | |
| 36,431 | |
| 36,431 | |
| 12,607 23,824 |
|
| 36,431 |
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
7 of 13
FREE THE CHILD (FTC) Statement of Financial Position As at 31 December 2021
The financial statements were approved by the board of directors on 26 March 2022 and were signed on its behalf by:
Gladys Williams Director
8 of 13
FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2021
General Information
FREE THE CHILD (FTC) is a private company, limited by guarantee, registered in England and Wales, registration number 07096961, registration address 2 Colin Parade, London, NW9 6SG
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Other operating income
| Government Grants | 2021 £ 15,747 |
|---|---|
| 15,747 |
9 of 13
FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2021
3. Operating profit/(loss)
| Operating profit/(loss) | |
|---|---|
| 2021 | |
| £ | |
| The operating profit is stated after charging: | |
| Depreciation of tangible fixed assets | 103 |
4. Average number of employees
Average number of employees during the year was 5.
5. Interest payable and similar charges
| Bank & Other Loan Interest | 2021 £ 191 |
|---|---|
| 191 |
6. Tangible fixed assets
| Tangible fixed assets | |||
|---|---|---|---|
| Cost or valuation At 01 January 2021 Additions Disposals At 31 December 2021 Depreciation At 01 January 2021 Charge for year On disposals At 31 December 2021 Net book values Closing balance as at 31 December 2021 Opening balance as at 01 January 2021 |
Fixtures and Fittings £ 2,000 - - 2,000 1,387 61 - 1,448 552 613 |
Computer Equipment £ 500 - - 500 350 42 - 392 108 150 |
Total £ 2,500 - - |
| 2,500 | |||
| 1,737 103 - |
|||
| 1,840 | |||
| 660 | |||
| 763 |
10 of 13
FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2021
| 7. Stocks Stocks 8. Debtors: amounts falling due within one year Other Debtors 9. Creditors: amount falling due within one year Accrued Expenses 10. Special Reserves Special reserves b/fwd |
2021 £ 5,289 |
|---|---|
| 5,289 | |
| 2021 £ 5,300 |
|
| 5,300 | |
| 2021 £ 500 |
|
| 500 | |
| 2021 £ 12,607 12,607 |
11. General Reserves
| Balance at 01 January 2021 Surplus for the year Transfer To Reserves Balance at 31 December 2021 |
2021 £ 6,141 15,247 2,436 |
|---|---|
| 23,824 |
12. Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
11 of 13
FREE THE CHILD (FTC) Detailed Income Statement For the year ended 31 December 2021
| Turnover Gift Aid Shop Sales Other donations Direct costs Opening Stock - Other Resale Closing Stock - Other Resale Direct Wages & Salaries Rent Volunteer expenses Gross Income Indirect costs Wages & Salaries Accountancy Fees Professional Fees Motor and travel Expenses General Travel Expenses Depreciation Charge: Fixtures & Fittings Depreciation Charge: Computer Equipment Repairs & Renewals Telephone, Fax & Internet Sundry Expenses Other operating income Government Grants Operating profit Interest payable and similar charges Bank & Other Loan Interest Surplus on ordinary activities before taxation Surplus for the financial year |
2021 £ 20,546 37,697 670 58,913 3,423 (5,289) 28,227 16,565 3,499 (46,425) 12,488 2,000 750 5,097 2,236 183 61 42 191 420 1,817 (12,797) 15,747 15,747 15,438 191 (191) 15,247 15,247 |
2021 £ 20,546 37,697 670 |
|---|---|---|
| 2,000 750 5,097 2,236 183 61 42 191 420 1,817 |
||
| 12,488 (12,797) 15,747 |
||
| 15,747 | ||
| 191 | ||
| 15,438 (191) |
||
| 15,247 | ||
| 15,247 |
12 of 13
FREE THE CHILD (FTC) Detailed Income Statement For the year ended 31 Dernber 2021 13of13