**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
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
|3
FIXED ASSETS
Office
Equipment
COST:
£
At 1 November 2019
20,857
Additions
At 31 October 2020
20,857
DEPRECIATION:
At 1 November 2019
17,134
Charge for year
931
At 31 October 2020
18,065
NET BOOK VALUE:
At 31 October 2020
2,792
At 31 October 2019
3,723
4
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2020
£
Other creditors
202
Accurals
660
862
5
CREDITORS: AMOUNTS FALLING
2020
DUE WITHIN ONE YEAR
£
13,350
6
MOVEMENTS IN FUNDS
At 1.11.19
Net movement
in funds
Restricted funds
£
£
Grants
5,850
1,600
Unrestricted funds
General fund
1,470
485
TOTAL FUNDS
7,320
2,085
Net movement in funds, included in the above are as follows:
Incoming
Rescources
resources
expended
Restricted funds
£
£
Grants
9,333
7,733
Unrestricted funds
General fund
38,614
38,129
TOTAL FUNDS
47,947
45,862|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