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 2022 **End date:** 31 December 2022 FREE THE CHILD (FTC) Contents Page For the year ended 31 December 2022 |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 2022 |**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 2022 ## **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: 08 March 2023 4 of 13 FREE THE CHILD (FTC) Accountants' Report For the year ended 31 December 2022 Accountants report You consider that the company is exempt from an audit for the year ended 31 December 2022. 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. GeeCoopers LLP 31 December 2022 .................................................... Gee Coopers LLP 5th Floor 48-54 Moorgate London EC2R 6EJ 08 March 2023 5 of 13 ## FREE THE CHILD (FTC) Income Statement For the year ended 31 December 2022 |FREE THE CHILD (FTC)
Income Statement
For the year ended 31 December 2022|| |---|---| |**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**|**2022**
**£**
60,104
(46,652)| ||**13,452**
(9,584)
-| ||**3,868**
(213)| ||**3,655**
-| ||**3,655**| 6 of 13 ## FREE THE CHILD (FTC) Statement of Financial Position As at 31 December 2022 |**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**|**2022**
**£**
574| |---|---| ||**574**
7,904
5,300
19,844| ||**33,048**
(450)| ||**32,598**| ||33,172| ||**33,172**| ||12,607
20,565| ||**33,172**| For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies. Directors' responsibilities: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 2. 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 2022 The financial statements were approved by the board of directors on 08 March 2023 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 2022 ## **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 **2022 £** - **-** 9 of 13 FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2022 ## **3. Operating profit/(loss)** |**Operating profit/(loss)**|| |---|---| ||**2022**| ||**£**| |The operating profit is stated after charging:|| |Depreciation of tangible fixed assets|86| ## **4. Average number of employees** Average number of employees during the year was 5. ## **5. Interest payable and similar charges** |Bank & Other Loan Interest|**2022**
**£**
213| |---|---| ||**213**| ## **6. Tangible fixed assets** |**Tangible fixed assets**|||| |---|---|---|---| |**Cost or valuation**
At 01 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation**
At 01 January 2022
Charge for year
On disposals
At 31 December 2022
**Net book values**
Closing balance as at 31 December 2022
Opening balance as at 01 January 2022|Fixtures
and Fittings
**£**
2,000
-
-
**2,000**
1,448
48
-
**1,496**
**504**
**552**|Computer
Equipment
**£**
500
-
-
**500**
392
38
-
**430**
**70**
**108**|**Total**
**£**
2,500
-
-| ||||**2,500**| ||||1,840
86
-| ||||**1,926**| ||||**574**| ||||**660**| 10 of 13 ## FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2022 |**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|**2022**
**£**
7,904| |---|---| ||**7,904**| ||**2022**
**£**
5,300| ||**5,300**| ||**2022**
**£**
450| ||**500**| ||**2022**
**£**
12,607
**12,607**| ## **11. General Reserves** |Balance at 01 January 2022
Surplus for the year
Transfer & Reserves
Balance at 31 December 2022|**2022**
**£**
23,824
3,655
(6,914)| |---|---| ||**20,565**| ## **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 2022 |**Turnover**
Gift Aid & Grants
Shop Sales & Accessories
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**|**2022**
**£**
15,151
44,269
684
**60,104**
5,289
(7,904)
28,798
16,900
3,569
(46,652)
**13,452**
2,040
700
1,800
2,281
186
48
38
207
428
1,856
(9,584)
-
-
**3,868**
213
(213)
**3,655**
**3,655**|**2022**
**£**
15,151
44,269
684| |---|---|---| ||2,040
700
1,800
2,281
186
48
38
207
428
1,856|| |||**13,452**










(9,584)

-| ||-|| ||213|| |||**3,868**

(213)| |||| |||**3,655**| |||**3,655**| 12 of 13 FREE THE CHILD (FTC) Detailed Income Statement For the year ended 31 De￿rnber 2022 13of13