Company registration number: 06868489 Charity registration number: 1131948
## Acheinu Limited
(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 30 April 2023
Gilbert, Allan & Co 8 Rodborough Road London London NW11 8RY
## **Acheinu Limited**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Statement of Cash Flows|10|
|Notes to the Financial Statements|11 to 19|
## **Acheinu Limited**
## **Reference and Administrative Details**
Mr Maurice Moishe Frankel
**Chairman** Mr Maurice Moishe Frankel **Charity Registration Number** 1131948 **Company Registration Number** 06868489 The charity is incorporated in England and Wales. **Registered Office** 8 Rodborough Road London London NW11 8RY **Principal Office** 240 Hendon Way London NW4 3NL **Independent Examiner** GILBERT ALLAN & CO 8 Rodborough Road London London NW11 8RY
Page 1
## **Acheinu Limited**
## **Trustees' Report**
The trustees, who are Directors for the purposes of company law, present herewith their Annual Report together with the financial statements of the Charitable Company for the year ended 30 April 2023.
## **Objectives and activities**
## _**Objects and aims**_
The Boys Clubhouse aims to help young Jewish men who find themselves at risk of social and economic exclusion overcome their current difficulties. Many of our clients have multiple needs, often resulting from a breakdown in family relationships, school exclusion, unemployment and a poor state of mental wellbeing. The Boys Clubhouse offers a holistic approach in supporting these young men through providing help with accommodation, food, employment, education, therapy and mentoring.
Page 2
## **Acheinu Limited**
## **Trustees' Report**
## _**Objectives, strategies and activities**_
The Boys Clubhouse offers a range of activities and programmes, the purpose of which are multifold. Some provide the young men with practical skills while others are aimed at improving physical and mental health. The collective aim of all our activities is to provide these young men with the tools and confidence to rebuild their lives and become productive members of society.
Our programmes include but are not limited to:
## Homeless Project:
Sadly, we are confronted regularly with instances of homelessness, caused by a myriad of circumstances such as difficulties in the family dynamic; abandonment due to mental health issues or family estrangement brought about by drug abuse, criminal activities or severe delinquent behaviour. This list is by no means exhaustive. In some cases, the young people have run out of friends to stay with ('sofa surfing'), and we have found them literally sleeping in shop fronts. Where possible, we will negotiate the safe return of the young person to the family home. This requires intense intervention and support to both the adolescent as well as to his parents. Where the better option is independent living, we source suitable accommodation and support the young person with grants for rent, food, items for personal hygiene and changes of clothing. Our facilities include a self-contained emergency housing units.
## Mentoring/Therapy:
The first step in the rehabilitation of the young person is to create a tailor-made programme where we identify his key strengths. With the help or our team of dedicated mentors and life coaches, we seek to involve the young person in determining his future. Our mentors seek to build positive relationships, offering unconditional support which is the first step towards restoring the client's fragile self-belief. At the same time, we are conscious of the negative impact that the delinquent behaviour of one child can have on a whole family. Our holistic approach includes providing appropriate family therapy to parents who are caught between wanting to provide support and continuous love, whilst at the same time struggling to establish appropriate boundaries for their child in crisis. Our team of therapists and life coaches specialise in working with adolescents and addictions, as well as family mediation.
For those who have suffered deeper trauma, we provide regular therapy sessions with qualified therapists using methods such as CBT, NLP and similar.
During the current financial year, we have expanded our equine therapy provision, which has been proven to develop emotional regulation, self-confidence and responsibility.
## Clubhouse Business Enterprise:
One of the most difficult challenges we face is finding our clients sustainable employment. Often, their problems are too severe for them to hold down regular employment and they end up in a debilitating spiral of dead-end jobs. Our Business Enterprise Unit (CBE) is a multi-dimensional project that provides training in employability and business acumen. The Enterprise is based around an e-shop in which we identify products that sell successfully using the eBay model. Goods are sourced from local businesses which help, by donating excess stock or by supplying tham at minimal cost. The CBE allows the boys to receive practical training in online sales; sourcing items, the packaging and dispatch of the items, as well as a grounding in customer services. Most importantly, our clients derive an enormous boost in self confidence from running their own businesses as this gives a sense of achievement and acts as a positive drug to combat the negative influences in their lives.
Page 3
## **Acheinu Limited**
## **Trustees' Report**
## Clubhouse Gym:
.Our premises include a fully equipped gym. It has been proven that exercise improves mental health by reducing anxiety, depression, and negative mood and by improving self-esteem and cognitive function. With a personal trainer on hand to create tailor made programs, this has proven to be successful with overcoming increased levels of anxiety and exasperated mental health issues amongst our youth. We continue to add other sporting activities including football and martial arts.
## ClubH Studio:
The in-house ClubH music studio provides a healthy outlet and is often the start of a journey towards accredited skills to succeed in areas of the music industry such as sound studio, live play and recording technology.
## Israel project:
The Israel programme is a satellite operation and mirrors our provision in the UK. Some of our young men will gravitate to Israel and we recognise the need to support them on this part of their journey towards responsible adulthood. Over the last year we have added a drop-in centre as a safe place and home away from home.
Page 4
## **Acheinu Limited**
## **Trustees' Report**
## _**Fundraising disclosures**_
In June 2021 we ran a highly successful crowdfunding charity campaign. The past year also saw a significant increase in our expenditure.We invested significantly in our CBE provision and our successful fundraiser allowed us to provide a wider range of therapies and educational programs to a larger number of clients. We also experienced an upsurge in referrals. Inflationary pressure put pressure on our homeless and food provision. Despite these challenges, we are pleased to report that a high level of service was maintained, with some reliance on long term grants and commitments for support provided by the Garfield Weston Foundation and others.
We would also like to thank the following charitable trusts and foundations that so generously supported us through the year including:
Awards 4 All, Chesterhill Charitable Trust Limited, CSDS. Kirsh Foundation. London Youth, Oxford & St georges, Safer Neighbourhood Fund, Shoresh Charitable Trust, the Young Barnet Foundation and to the Childrens Aid Committee and Jewish Childs Day for their continued grant support.
## **Achievements and performance**
Nationally - 18% aged 7 to 16, and 22% aged 17-24 have a probable mental health disorder. NHS trusts are failing to offer treatment to 60% of those referred by GPs.
AT THE BOYS CLUBHOUSE we respond to all requests within 24 hours.
We've seen more than 150 referrals, a sobering and alarming number. Over 60 boys have relied on us for housing relief and basic necessities We've provided 123 days of therapy, treating deep-seated trauams and psychological scars. 5,904 hours of one-to-one mentoring has resulted in significant improvements in many of the boys. 34 have moved on successfully with their lives, and no longer require our assistance. 30% of the boys we met were initially homeless.
But we continue to be faced with a stark reality and ever-increasing and complex demand for our services;
Over half have suffered from domestic or sexual abuse and as a consequence have suffered from debilitating drug/alcohol dependence.
6 are currently exhibiting severe suicidal ideation, with 2 in critical care at the time of writing.
## **Financial review**
## _**Policy on reserves**_
The Trustees are satisifed that the balance of the Fund is an acceptable level of the reserves given the nature of revenue receipts against grants payable, In considering the financial obligations of the charity, the trustees have resolved to maintain the reserves in line with obligations to meet cuurent expenditure.
Page 5
## **Acheinu Limited**
## **Trustees' Report**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr Maurice Moishe Frankel Mr Stephen Robert Taylor (resigned 8 June 2023) Mr David Wilner
Chairman: Mr Maurice Moishe Frankel
## **Structure, governance and management**
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Acheinu Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This Annual Report was approved by the trusteestrustee of the charity on 15 January 2024 and signed on its behalf by:
......................................... Mr Maurice Moishe Frankel Chairman and Trustee
Page 6
## **Acheinu Limited**
## **Independent Examiner's Report to the trustees of Acheinu Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2023.
## **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.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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:
1. accounting records were not kept in respect of Acheinu Limited 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 (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.
......................................
ICAEW GILBERT, ALLAN & CO 8 Rodborough Road London London NW11 8RY
15 January 2024
Page 7
## **Acheinu Limited**
## **Statement of Financial Activities for the Year Ended 30 April 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
Other income
Total income
**Expenditure on:**
Charitable activities
5
Office and administration costs
6
Raising funds
4
Other expenditure
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
11|**Unrestricted**
**£**
269,933
27,119
-
297,052
(473,067)
(39,714)
(13,317)
(450)
(526,548)
(229,496)
(229,496)
686,940
457,444|**Restricted**
**£**
31,296
-
-
31,296
-
-
-
-
-
31,296
31,296
-
31,296|**Total**
**2023**
**£**
301,229
27,119
-
328,348
(473,067)
(39,714)
(13,317)
(450)
(526,548)
(198,200)
(198,200)
686,940
488,740|**Total**
**2022**
**£**
755,797
28,535
14,845|
|---|---|---|---|---|
|||||799,177|
|||||(529,938)
(31,781)
(12,000)
(596)|
|||||(574,315)|
|||||224,862|
|||||224,862
462,078|
|||||686,940|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 11.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
## **Acheinu Limited**
## **(Registration number: 06868489) Balance Sheet as at 30 April 2023**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
9
**Creditors: Amounts falling due within one year**
10
**Net current liabilities**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
11|**2023**
**£**
691,529
38,707
(241,496)
(202,789)
488,740
31,296
457,444
488,740|**2022**
**£**
691,979
244,273
(249,312)|
|---|---|---|
|||(5,039)|
|||686,940|
|||32,668
654,272|
|||686,940|
For the financial year ending 30 April 2023 the charity 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 charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on 15 January 2024 and signed on their behalf by:
.........................................
Mr Maurice Moishe Frankel Chairman and trustee
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
## **Acheinu Limited**
## **Statement of Cash Flows for the Year Ended 30 April 2023**
|**Note**
**Cash flows from operating activities**
Net cash (expenditure)/income
**Adjustments to cash flows from non-cash items**
Depreciation
4
**Working capital adjustments**
Increase in creditors
10
Net cash flows from operating activities
**Cash flows from financing activities**
Repayment of loans and borrowings
10
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 May
Cash and cash equivalents at 30 April|**2023**
**£**
(198,200)
450
(197,750)
7,612
(190,138)
(15,428)
(205,566)
244,273
38,707|**2022**
**£**
224,862
596|
|---|---|---|
|||225,458
1,298|
|||226,756
(19,331)|
|||207,425
36,848|
|||244,273|
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 10
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## **1 Charity status**
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. Acheinu Limited is compliant with Section 13 of the Charities (Protection and Social Investment) Act 2016) using professional help with grant writing.
The address of its registered office is: 8 Rodborough Road London London NW11 8RY
The principal place of business is: 240 Hendon Way London NW4 3NL
These financial statements were authorised for issue by the trustees on 15 January 2024.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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 (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Acheinu Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 11
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 12
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Plant and machinery 20% on reducing balance Office equipment 25% on reducing balance
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Foreign exchange**
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 13
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
216,025
53,908
269,933
723,129|**Restricted**
**funds**
**£**
-
31,296
31,296
32,668|**Total**
**funds**
**£**
216,025
85,204|
|---|---|---|---|
||||301,229|
||||755,797|
## **4 Expenditure on raising funds**
## **a) Costs of trading activities**
|**Note**
Fundraising trading costs;
Fundraising
**Total for 2023**
**Total for 2022**
**5**
**Expenditure on charitable activities**
**Note**
Grant funding of activities
Staff costs
Office and administration costs
6
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
13,317
13,317
12,000
**Unrestricted**
**funds**
**General**
**£**
417,873
55,194
39,714
512,781
561,719|**Total**
**funds**
**£**
13,317|
|---|---|---|
|||13,317|
|||12,000|
|||**Total**
**costs**
**£**
**Total**
**funds**
**£**
417,873
55,194
39,714|
|||512,781|
|||561,719|
Page 14
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
**Total expenditure £**
In addition to the expenditure analysed above, there are also governance costs of £39,714 (2022 - £31,781) which relate directly to charitable activities. See note 6 for further details.
Page 15
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## **6 Analysis of governance and support costs**
## **Governance costs**
|Allocated support costs
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
39,714
39,714
31,781|**Total**
**funds**
**£**
39,714|
|---|---|---|
|||39,714|
|||31,781|
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 16
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## **8 Tangible fixed assets**
|**Cost**
At 1 May 2022
At 30 April 2023
**Depreciation**
At 1 May 2022
Charge for the year
At 30 April 2023
**Net book value**
At 30 April 2023
At 30 April 2022
**9**
**Cash and cash equivalents**
Cash on hand
Cash at bank
**10 Creditors: amounts falling due within one year**
Bank loans
Trade creditors
Other taxation and social security
Other creditors|**Land and**
**buildings**
**£**
690,137||**Furniture and**
**equipment**
**£**
13,481
13,481
11,639
450
12,089
1,392
1,842
**2023**
**£**
13,821
24,886
38,707
**2023**
**£**
231,635
8,690
1,170
1
241,496|**Furniture and**
**equipment**
**£**
13,481
13,481
11,639
450
12,089
1,392
1,842
**2023**
**£**
13,821
24,886
38,707
**2023**
**£**
231,635
8,690
1,170
1
241,496|**Total**
**£**
703,618
703,618
11,639
450
12,089
691,529
691,979
**2022**
**£**
2,100
242,173|
|---|---|---|---|---|---|
||690,137||13,481|||
||-
-||11,639
450|||
||-||12,089|||
||690,137||1,392|||
||690,137||1,842|||
||||**2023**
**£**
13,821
24,886
38,707
**2023**
**£**
231,635
8,690
1,170
1
241,496|||
||||||244,273|
||||||**2022**
**£**
247,063
-
1,248
1,001|
||||||249,312|
Page 17
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
|**11 Funds**
**Unrestricted**
General
**Restricted**
**Total funds**
**Unrestricted**
General
**Restricted**
**Total funds**|**Balance at 1**
**May 2022**
**£**
686,940
-
686,940
**Balance at 1**
**May 2021**
**£**
462,078
-
462,078|**Incoming**
**resources**
**£**
297,052
31,296
328,348
**Incoming**
**resources**
**£**
766,509
32,668
799,177|**Resources**
**expended**
**£**
(526,548)
-
(526,548)
**Resources**
**expended**
**£**
(574,315)
-
(574,315)|**Balance at 30**
**April 2023**
**£**
457,444
31,296|
|---|---|---|---|---|
|||||488,740|
|||||**Balance at 30**
**April 2022**
**£**
654,272
32,668|
|||||686,940|
## **12 Analysis of net assets between funds**
|**12 Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
691,529
38,707
(241,496)
488,740
**Unrestricted**
**funds**
**General**
**£**
691,979
244,273
(249,312)
686,940|**Total funds at**
**30 April**
**2023**
**£**
691,529
38,707
(241,496)|
|||488,740|
|||**Total funds at**
**30 April**
**2022**
**£**
691,979
244,273
(249,312)|
|||686,940|
Page 18
## **Acheinu Limited**
## **Notes to the Financial Statements for the Year Ended 30 April 2023**
## **13 Analysis of net funds**
|**13 Analysis of net funds**||||
|---|---|---|---|
|Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**At 1 May 2021**
**£**
36,848
36,848|**At 1 May 2022**
**£**
244,273
244,273
**Financing cash**
**flows**
**£**
207,425
207,425|**At 30 April**
**2023**
**£**
244,273|
||||244,273|
||||**At 30 April**
**2022**
**£**
244,273|
||||244,273|
## **14 Related party transactions**
Page 19
## **Acheinu Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 April 2023**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Other trading activities (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2023**
**£**
301,229
27,119
-
328,348
(13,317)
(512,781)
(450)
(526,548)
(198,200)
(198,200)
686,940
488,740|**Total**
**2022**
**£**
755,797
28,535
14,845|
|---|---|---|
|||799,177|
|||(12,000)
(561,719)
(596)|
|||(574,315)|
|||224,862|
|||224,862
462,078|
|||686,940|
This page does not form part of the statutory financial statements. Page 20
## **Acheinu Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 April 2023**
|**_Donations and legacies_**
Donations
Grants from charities - restricted
Grants from charities
**_Other trading activities_**
Clubhouse Business Enterprise Income
**_Other income_**
Insurance Claim received
**_Raising funds_**
Fundraising costs
**_Charitable activities_**
Grants to individuals
Homeless Support
Israel Boys Clubhouse
Clubhouse Business Enterprise
Therapy
Music studio
Sports and keep fit
Wages
Social security
Educational expenses
Mentoring expenses
Professional fees
Premises costs
Activity expenses
Trade subscriptions
Office administration
Bookkeeping
Bank charges
Loan interest||**Total**
**2023**
**£**
216,025
31,296
53,908
301,229
27,119
27,119
-
-
13,317
13,317
42,445
68,320
62,877
86,483
22,563
5,443
11,672
50,500
4,694
6,909
54,550
5,364
23,633
27,001
613
14,118
8,928
942
15,726
512,781|**Total**
**2022**
**£**
693,383
32,668
29,746|
|---|---|---|---|
||||755,797|
||||28,535|
||||28,535|
||||14,845|
||||14,845|
||||12,000|
||||12,000|
||||74,737
66,910
56,288
96,139
29,070
7,102
13,285
48,333
4,257
20,836
59,728
4,655
20,859
27,591
148
16,345
4,528
1,554
9,354|
||||561,719|
This page does not form part of the statutory financial statements. Page 21
## **Acheinu Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 April 2023**
|**_Other expenditure_**
Depreciation of plant and machinery
Depreciation of office equipment|**Total**
**2023**
**£**
43
407
450|**Total**
**2022**
**£**
53
543|
|---|---|---|
|||596|
This page does not form part of the statutory financial statements. Page 22