**Registered Number** : 07096961 **Charity Number** : 1120224 ## FREE THE CHILD (FTC) Report of the Directors and Unaudited Financial Statements ## **Period of accounts** **Start date:** 01 January 2023 **End date:** 31 December 2023 FREE THE CHILD (FTC) Contents Page For the year ended 31 December 2023 |Company information|3| |---|---| |Directors' report|4| |Independent Examiners' report|5| |Income statement|6| |Statement of financial position|7| |Notes to the financial statements|9| |Detailed income statement|12| 2 of 12 FREE THE CHILD (FTC) Company Information For the year ended 31 December 2023 |**Directors/Trustees**|Gladys Williams| |---|---| ||Charles Bertin| ||Caroline Olaoye| |**Registered Number**|07096961| |**Charity Number**|1120224| |**Registered Office**|2 Colin Parade| ||London| ||NW9 6SG| 3 of 12 FREE THE CHILD (FTC) Directors' Report For the year ended 31 December 2023 ## **Principal activities** The 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: 05 May 2024 4 of 12 FREE THE CHILD (FTC) Independent Examiners' Report For the year ended 31 December 2023 We report to the trustees on our examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2023. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). We report in respect of our examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination. We have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. We have completed the examination, and can confirm that no material matters have come to our attention in connection with the examination which gives us cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to enable a proper understanding of the accounts to be reached. Gee Coopers LLP 31 December 2023 .................................................... Gee Coopers LLP 5th Floor 48-54 Moorgate London EC2R 6EJ 05 May 2024 5 of 12 ## FREE THE CHILD (FTC) Income Statement For the year ended 31 December 2023 |**Incoming Resources**
**Notes**
Resources Expended
**Gross Incoming resources**
Cost of generating fund and governance costs
**Net Incoming resources before transfer**
2
Interest payable and similar charges
4
**Net Incoming resources after transfers**
Transfers between funds
**Net funds for the financial year**|**2023**
**£**
69,527
(51,300)
**18,227**
(8,884)
**9,343**
(261)
**9,082**
-
**9,082**|**2022**
**£**
60,104
(46,652)| |---|---|---| |||**13,452**
(9,584)| |||**3,868**
(213)| |||**3,655**
-| |||**3,655**| 6 of 12 ## FREE THE CHILD (FTC) Statement of Financial Position As at 31 December 2023 |**Fixed assets**
**Notes**
Tangible fixed assets
5
**Current assets**
Stocks
6
Debtors: amounts falling due within one year
7
Cash at bank and in hand
**Creditors: amount falling due within one year**
8
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the Charity**
Special Reserves
9
Restricted Fund
10
**Total Funds**|**2023**
**£**
510
**510**
10,650
-
14,832
**25,482**
-
**25,482**
25,992
**25,992**
-
25,992
**25,992**|**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 2023 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. 7 of 12 FREE THE CHILD (FTC) Statement of Financial Position As at 31 December 2023 The financial statements were approved by the board of directors on 05 May 2024 and were signed on its behalf by: Gladys Williams Director/Trustee 8 of 12 FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2023 ## **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 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. Operating Incoming Resources** |**Operating Incoming Resources**||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |The operating income is stated after charging:||| |Depreciation of tangible fixed assets|64|86| 9 of 12 FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2023 ## **3. Average number of employees** Average number of employees during the year was 3 (2022 : 3). ## **4. Interest payable and similar charges** Bank & Other Loan Interest |**2023**
**£**
261
**261**|**2022**
**£**
213
**213**| |---|---| ## **5. Tangible fixed assets** |**Cost or valuation**
At 01 January 2023
Additions
Disposals
At 31 December 2023
**Depreciation**
At 01 January 2023
Charge for year
On disposals
At 31 December 2023
**Net book values**
Closing balance as at 31 December 2023
Opening balance as at 01 January 2023|Fixtures
and Fittings
**£**
2,000
-
-
**2,000**
1,496
36
-
**1,532**
**468**
**504**|Computer
Equipment
**£**
500
-
-
**500**
430
28
-
**458**
**42**
**70**|**Total**
**£**
2,500
-
-| |---|---|---|---| ||||**2,500**| ||||1,926
64
-| ||||**1,990**| ||||**510**| ||||**574**| ## **6. Stocks** Stocks |**2023**
**£**
10,650
**10,650**|**2022**
**£**
7,904
**7,904**| |---|---| 10 of 12 ## FREE THE CHILD (FTC) Notes to the Financial Statements For the year ended 31 December 2023 ## **7. Debtors: amounts falling due within one year** |Other Debtors
**8. Creditors: amount falling due within one year**
Accrued Expenses
**9. Special Reserves**
Special reserves b/fwd|**2023**
**£**
0
**0**
**2023**
**£**
-
**-**
**2023**
**£**
-
**-**|**2022**
**£**
5,300
**5,300**
**2022**
**£**
450
**450**
**2022**
**£**
12,607
**12,607**| |---|---|---| ## **10. Restricted Fund** |Balance at 01 January 2023
Net incoming resources for the year
Balance at 31 December 2023|**2023**
**£**
16,910
9,082
**25,992**| |---|---| ## **11. Company Limited by Guarantee** The company is limited by guarantee and therefore has no shares. 11 of 12 ## FREE THE CHILD (FTC) Detailed Income Statement For the year ended 31 December 2023 |**Incoming Resources**
Gift Aid
Shop Sales
Other Income
**Direct Resources Expended**
Opening Stock - Other Resale
Closing Stock - Other Resale
Direct Wages & Salaries
Rent
Volunteer expenses
Gross Incoming resources
**Cost of generating resources &**
**Governance cost**
Wages & Salaries
Accountancy Fees
Professional Fees
Motor and Travelling Expenses
General Travel Expenses
Depreciation Charge: Fixtures & Fittings
Depreciation Charge: Computer Equipment
Repairs & Renewals
Telephone, Fax & Internet
Sundry Expenses
Net Incoming Resources
**Interest payable and similar charges**
Bank & Other Loan Interest
**Net incoming resources before transfers**
**Fund for the financial year**|7,904
(10,650)
30,106
17,315
6,625|**2023**
**£**
7,790
61,737
-
**69,527**





(51,300)
**18,227**










(8,884)
**9,343**

(261)
**9,082**
**9,082**|5,289
(7,904)
28,798
16,900
3,569|**2022**
**£**
15,151
44,269
684| |---|---|---|---|---| |||||**60,104**





(46,652)| ||1,720
700
1,870
2,680
-
36
28
0
635
1,215||2,040
700
1,800
2,281
186
48
38
207
428
1,856|| |||||**13,452**










(9,584)| ||261||213|| |||||**3,868**

(213)| |||||| |||||**3,655**| |||||**3,655**| 12 of 12