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2023-05-31-accounts

LEV SHOMEIA - A LISTENING HEART LTD

Company limited by guarantee

Annual Report and Financial Statements

For year ended 31 May 2023

Charity Registration Number 1140551

Company Number 06585502

WHITESIDE AND DAVIES ACCOUNTANTS 158 Cromwell Road Salford, M6 6DE

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS

Page 2

FOR YEAR ENDED 31 MAY 2023

Contents

Page
Charity Information 3
Report of the Directors/Trustees 4 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes forming part of the financial statements 9
Detailed profit and loss account and Statement
of financial activities 10

Page 3

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Charity Information

Board of Trustees / Directors

Mr Yonah Chaim Reich - Director and trustee Mr Daniel Orzel - Director and trustee

Mr Lance Karpelowsky - Director and trustee

Administration Address

458 Bury New Rd Salford M7 4LH

Charity Registration Number

1140551

Company Registration Number

06585502 (England and Wales)

Registered Office Address

158 Cromwell Road Salford, M6 6DE

Accountants

WHITESIDE AND DAVIES ACCOUNTANTS 158 Cromwell Road Salford, M6 6DE

Bankers

TSB Bank 70 Bury Old Rd Cheetham Hill, Manchester M8 5BN

Page 4

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 MAY 2023

Report of the Directors/Trustees

The Directors/Trustees have pleasure in presenting their Report and Financial Statements of the Company/Charity for the year ended 31 May 2023.

The financial statements have been prepared in accordance with the accounting policies set out in the accounts and comply with the charity's governing document, the Companies Act 2006 and

"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102)" .

Trustees and Governors

The Trustees in office in the year were

Mr Yonah Chaim Reich - Director and trustee

Mr Daniel Orzel - Director and trustee

Mr Joseph Brandeis - Director and trustee

Directors are for the purposes of company law.

All trustees give of their time freely and no trustee remuneration was paid in the year.

Reference and Administration

Reference and Administration details are shown in the schedule of members of the board and professional advisers on page 3 of the financial statements.

Structure, governance and management

Lev Shomeia - A Listening Heart Ltd is a charity constituted as a company limited by guarantee and as such, is governed by its memorandum and articles of association.

The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors'/ trustees' meetings.

Charitable Objects

The purpose of charity/company is to relieve the emotional, psychological, behavioural, learning or/and social difficulties of youths by the provision of counselling and support for such persons the relief of mental and physical illness resulting from alcohol or drug addiction or from other forms of dependence associated with compulsive behaviour or with stress or depression.

Achievements

In setting objectives and reviewing the Charity's aims and plans, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Page 5

Report of the Directors/Trustees (continued)

Risk Management

The Trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the investments and finance of the Charity. The Trustees are satisfied that these systems and procedures mitigate any perceived risks.

Going Concern

The accounts have been prepared on a going concern basis as the directors have been assured of the continuing support from the company/charity's creditors.

Reserves Policy

The trustees retain reserves as necessary and where appropriate, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate.

Responsibilities of the Directors/Trustees

Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

Financial statements

In preparing those financial statements, the Directors/Trustees should follow best practice and

The Directors/Trustees are responsible for maintaining proper accounting records which

disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Directors/Trustees to ensure that the financial statements comply with the Company Law.

The Directors/Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Approved by the Directors/Trustees and signed on behalf of them all on 29 February 2024.

Yonah Chaim Reich - Trustee and Director

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Page 6

Independent Examiner's Report to the Trustees

I report to the trustees on my examination of the financial statements of LEV SHOMEIA - A LISTENING HEART LTD ('the charity') for the year ended 31 May 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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

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:

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

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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 financial statements 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.

David Pollak Accounts & Business Solutions Limited 158 Cromwell Road Salford M6 6DE

Date: 29 February 2024

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Page 7

Statement of Financial Activities

Income and expenditure account

Turnover
Expenditure
Net surplus for the year
Balance brought forward
Balance carried forward		 Notes
3		 2023
£
102,800
(59,608)
43,192
41,374
84,566		 2022
£
84,846
(44,457)
40,389
985
41,374

Page 8

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 MAY 2023

Balance Sheet At 31 May 2023

Fixed Assets
Tangible assets
Current Assets
Cash at Bank and in hand
Total Assets
Creditors
Amounts due within one year
Net Assets
Accumulated Funds
Restricted
Unrestricted		 Notes
5
6
7		 2023
£
24,090
61,918
86,008
(1,442)
84,566
0
84,566
84,566		 2022
£
0
41,974
41,974
(600)
41,374
0
41,374
41,374

In approving these financial statements as directors of the company we hereby confirm:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Directors/Trustees and signed on behalf of them all on 29 February 2024.

Yonah Chaim Reich - Trustee and Director

The notes on page 10 form part of the balance sheet

Page 9

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 MAY 2023

Notes To The Accounts

1) Principal Accounting Policies

Basis of Accounting

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and reporting by Charities: Statement of Recommended Practice The Charity is a Public Benefit Entity as defined by FRS 102.

Cash Flow

The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.

Donations and Fund Accounting

Donations and Grants received for the general and main purposes of the Charity are included as unrestricted funds in the Statement of Financial Activities when receivable.

Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.

Resources Expended

Resources expended are accounted for on an accruals basis.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

The irrecoverable element of VAT is included with the item of expense to which it relates.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost,less estimated residual value, of each asset evenly over its expected useful life, as follows:

Buildings over 5 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

2) Taxation

The Charitable Company is exempt from taxation on its charitable activities.

3) Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

4) Employees
Average number of persons employed by the company		 2023
Number
5
2023
£		 2022
Number
2

5) Tangible fixed assets

LEV SHOMEIA - A LISTENING HEART LTD Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Page 10

Buildings

Cost
At 1 June 2022 0
Additions 24,090
Surplus on revaluation
Disposals
At 31 May 2023 24,090
Depreciation
At 1 June 2022 0
Charge for the year
Surplus on revaluation
On disposals
At 31 May 2023 0
Net book value
At 31 May 2022 0
At 31 May 2023 24,090
6) Creditors
Accruals 720 600
Other creditors 722 0
1,442 600
7) Unrestricted funds
At 1 June 2022 41,374
Net surplus / (deficit) for the year 43,192
At 31 May 2023 84,566
Detailed profit and loss account and Statement of financial activities
2023
Does not form part of the statutory accounts		 2022
Notes Unrestricted Unrestricted
£ £
Incoming Resources
Sponsorships & Donations 31,905 64,670
Grant Income 70,895 20,176
Furlough Income 0 0
Net investment income 0 0
102,800 84,846
Resources Expended
Charitable Activities
Cost of Activities In Furtherance
of the Charity's Objects
Consultancy fees 0 2,890

Page 11

LEV SHOMEIA - A LISTENING HEART LTD

Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2023

Grants paid
Wages, staff recruitment and fees
Support costs
Telephone and broadband
Bank charges
Rent
Sundry expenses
Advertising
Fundraising Costs
Governance Costs
Accountancy
Total Funds Expended
Net incoming resources
Investment loss
Accumulated Funds
Net surplus (deficit) for the year
Balance brought forward
Balance carried forward		 14,787
32,368
47,155
343
155
300
721
482
9,127
11,128
1,325
1,325
59,608
43,192
0
43,192
41,374
84,566		 2,180
31,757
36,827
294
80
0
0
3,523
2,553
6,450
1,180
1,180
44,457
40,389
0
40,389
985
41,374