2020-10-31-accounts - The Cheer-Up Squad Limited

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THE CHEER-UP SQUAD LIMITED (A company limited by guarantee)

Trustees' report and financial statements for the year ended 31 October 2020

THE CHEER-UP SQUAD LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 OCTOBER 2020

	Page
Report of the Trustees	3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 8
Detailed statement of Financial Activities	9

THE CHEER-UP SQUAD LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDING 31 OCTOBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07419511 (England and Wales)

Registered Charity number

1139859

Registered office

Office 3 107 Dunsmure Road London N16 5HT

Trustees

Abraham Gluck David Breuer Moses Mandel

Independent Examiner

Balazs Nezmi ACCA JS&CO Accountants Ltd 26 Theydon Road London E5 9NA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide relief and moral support to sick and ill people of all ages both in hospital and at home and to persons in prisons. To uplift and raise their spirits and to improve their condition in particular (but not exclusively) by arranging visits to and entertainment for the sick, elderly and frail, weekend activities and holidays for sick and ill people together with persons caring for them and visits to persons in prisons. To give presents to unwell children

The advancement of such other objects as are charitable according to English law. Monies are raised through private donations and grants. Review of activities and achievements

The trustees are pleased with results for the year.

ON BEHALF OF THE BOARD:

Moses Mandel - Trustee 6[th] July 2021

This page does not form part of the statutory financial statements

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHEER-UP SQUAD LIMITED

I report on the accounts for the year ended 31 October 2020 set out on pages five to eight.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's 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 required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

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

Basis of the 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 statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the 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) (effective 1 January 2015)

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Balazs Nezmi ACCA JS&CO Accountants Ltd 26 Theydon Road London E5 9NA 6th July 2021

This page does not form part of the statutory financial statements

Page 4

THE CHEER-UP SQUAD LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

for the year ending 31 October 2020

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Grants received Total Incoming resources RESOURCES EXPENDED Charitable activities Costs of charitable activities - by activity Governance costs Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Restricted funds Unrestricted funds Total 2020 £ £ £ 27,934 27,934 9,333 10,680 20,013 9,333 38,614 47,947 7,733 36,424 44,157 0 1,705 1,705 7,733 38,129 45,862 1,600 485 2,085 5,850 1,470 7,320 7,450 1,955 9,405	2019 £ 31,699 12,600
		44,299 39,610 4,621
		44,231 68 7,252
		7,320

The Notes form part of the financial statements

Page 5

THE CHEER-UP SQUAD LIMITED

2020 Notes £ £ FIXED ASSETS Fixtures & Fittings 3 2,792 CURRENT ASSETS: Cash at bank and in hand 20,825 20,825 CREDITORS: amounts falling due within one year 4 -862 Net Current assets/(liabilities) 19,963 CREDITORS: Amounts falling 5 -13,350 due after more than one year NET ASSETS: 9,405 FUNDS 6 Restricted Funds 7,450 Unrestricted funds 1,955 TOTAL FUNDS 9,405 BALANCE SHEET 31-Oct-20	2019 £ £ 3,723 5,888 5,888 -2,291 3,597 7,320 5,850 1,470 7,320	2019 £ £ 3,723 5,888 5,888 -2,291 3,597 7,320 5,850 1,470 7,320

		7,320
		5,850 1,470
		7,320

The Charitable company is entitled to exemption from audit under section 477 of Companies Act 2006 for the year ended 31 October 2020.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for

a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with all the requirements of the Companies Act 2006 relaiting to financila stataments, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial reporting Standard for smaller entities (effective April 2008)

Approved by the board of Trustees on: And signed on their behalf by:

06 July 2021

Moses Mandel - Trustee

The Notes form part of these financial statements

Page 6

THE CHEER-UP SQUAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 October 2020

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on accurals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consitent with the use of resources

Taxation

The Charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Office equipment - 25% reducing balance

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

EMPLOYEES

Average number of employees, during the year was as follows: 5 (2019: 2)

Page 7

THE CHEER-UP SQUAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ending 31 October 2020

At 1.11.19 £ 5,850 1,470	Office Equipment £ 20,857 20,857 17,134 931 18,065 2,792	Totals £ 20,857 0
		20,857
		17,134 931
		18,065 2,792
	3,723 2020 £ 202 660 862 2020 £ 13,350 Net movement in funds £ 1,600 485 2,085	3,723
		2019 £ 1,564 727
		2,291
		2019 £ 0
		At 31.10.20 £ 7,450 1,955
7,320		9,405
		Movement in funds £ 1,600 485
		2,085

Page 8

THE CHEER-UP SQUAD LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ending 31 October 2020

INCOMING RESOURCES Voluntary Income Grant received Donations Total incoming resources RESOURCES EXPENDED Costs of charitable activities - by activity Gifts & activities DVD Players Printing, Postage & Stationary Insurance Rent Telephone Advertising wages Cleaning Sundries Depreciation Governance costs Accountancy Professional fees Bank charges Total resources expended NET INCOME FOR THE YEAR RECONCILIATION OF FUNDS NET INCOME FOR YEAR Total Funds Brought Forward Total Funds Carried Forward	Restricted Unrestricted Total 2020 £ £ £ 9,333 10,680 20,013 27,934 27,934	2019 £ 12,600 31,699
	9,333 38,614 47,947 2,500 3,866 6,366 0 3,146 3,146 279 279 7,800 7,800 1,171 1,171 923 923 5,233 12,618 17,851 5,000 5,000 690 690 931 931 7,733 36,424 44,157 7,733 36,424 44,157 660 660 836 836 209 209 0 1,705 1,705 7,733 38,129 45,862 1,600 485 2,085 1,600 485 2,085 5,850 1,470 7,320 7,450 1,955 9,405	44,299 17,549 700 3,734 259 8,050 1,233 280 5,460 0 1,104 1,241
		39,610 39,610 660 3,790 171
		4,621 44,231 68 68 7,252
		7,320

This page does not form part of the financial statement

Page 9