REGISTERED COMPANY NUMBER: 07690329 (England and Wales) REGISTERED CHARITY NUMBER: 1145828
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
FOR
SUPPORT FOR ALL
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
SUPPORT FOR ALL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
SUPPORT FOR ALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 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 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide and assist in the provision of recreational and leisure facilities in the interest of social welfare with the objective of improving the lives of the residents of Stamford Hill.
Public benefit
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the company.
Appeal letters are received from, and personal visits made by representatives of Jewish charitable, religious and educational institutions. These requests are then considered by the trustees and grants are made in accordance with the trustees decisions.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review the charity received donations of £223,514 (2019: £109,123). During the period the charity paid donations of £106,862 (2019: £224,512).
Investment performance
During the period under review the charity received rental income of £106,878 (2019: £103,810).
FINANCIAL REVIEW
Financial position
The charity is partly reliant on donations. The trustees are satisfied with the results for the year. The charity continued to support the residents of Stamford Hill.
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of fund to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions .
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is therefore governed by Memorandum and Articles of Association.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
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SUPPORT FOR ALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charity's current views of its progression.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07690329 (England and Wales)
Registered Charity number
1145828
Registered office
48 Lynmouth Road Stamford Hill London N16 6RJ
Trustees
J M Grosskopf (resigned 1.11.19) P Fink B Hofstatter I G Schwartz (appointed 27.11.19)
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 5 November 2021 and signed on its behalf by:
P Fink - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUPPORT FOR ALL
Independent examiner's report to the trustees of SUPPORT FOR ALL ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2020.
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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
M A Venitt A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
5 November 2021
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SUPPORT FOR ALL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Raising funds 3 Charitable activities General Fund Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.10.20 Unrestricted funds £ 223,514 106,878 10,000 340,392 33,917 112,820 1,200 147,937 192,455 2,089,220 2,281,675 |
31.10.19 Total funds £ 109,123 103,810 - 212,933 60,292 248,567 7,950 316,809 (103,876) 2,193,096 2,089,220 |
|---|---|---|
The notes form part of these financial statements
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STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2020
| Notes FIXED ASSETS Investment property 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.10.20 Unrestricted funds £ 3,219,372 116,364 48,650 165,014 (152,447) 12,567 3,231,939 (950,264) 2,281,675 2,281,675 2,281,675 |
31.10.19 Total funds £ 3,089,772 60,000 7,977 67,977 (152,088) (84,111) 3,005,661 (916,441) 2,089,220 2,089,220 2,089,220 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
SUPPORT FOR ALL
STATEMENT OF FINANCIAL POSITION - continued 31 OCTOBER 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5 November 2021 and were signed on its behalf by:
P Fink - Trustee
I G Schwartz - Trustee
B Hofstatter - Trustee
The notes form part of these financial statements
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SUPPORT FOR ALL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals 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 consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation 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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.10.20 | 31.10.19 | |
| £ | £ | |
| Rents received | 106,878 | 103,810 |
continued...
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SUPPORT FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 31.10.20 | 31.10.19 | |
| £ | £ | |
| Insurance | 5,714 | 2,000 |
| Bank loan interest | 24,605 | 46,811 |
| Repairs | 3,046 | 6,490 |
| Management fees | - | 4,991 |
| Rates | 378 | - |
| Light and heat | 174 | - |
| 33,917 | 60,292 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities General Fund Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted funds £ 109,123 103,810 212,933 60,292 248,567 7,950 316,809 (103,876) 2,193,096 |
|---|---|
continued...
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SUPPORT FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 6. INVESTMENT PROPERTY FAIR VALUE At 1 November 2019 Additions At 31 October 2020 NET BOOK VALUE At 31 October 2020 At 31 October 2019 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses |
31.10.20 £ 60,000 56,364 116,364 31.10.20 £ 150,287 2,160 152,447 |
Unrestricted funds £ |
|
|---|---|---|---|
| 2,089,220 | |||
| £ 3,089,772 129,600 3,219,372 3,219,372 3,089,772 31.10.19 £ 60,000 - 60,000 31.10.19 £ 150,288 1,800 152,088 |
|||
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
| 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.10.20 £ Bank loans (see note 10) 950,264 10. LOANS An analysis of the maturity of loans is given below: 31.10.20 £ Amounts falling due between two and five years: Bank loans - 2-5 years 50,000 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 135,685 Repayable otherwise than by instalments: Bank loans more 5 yrs non-inst 764,579 11. SECURED DEBTS The following secured debts are included within creditors: 31.10.20 £ Bank loans 950,264 |
31.10.19 £ 916,441 |
|---|---|
| 31.10.19 £ - |
|
| 151,862 764,579 |
|
| 31.10.19 £ 916,441 |
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Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rate.
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Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.
12. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.19 £ 2,089,220 2,089,220 |
Net movement in funds £ 192,455 192,455 |
At 31.10.20 £ 2,281,675 |
| 2,281,675 |
continued...
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SUPPORT FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 340,392 340,392 |
Resources Movement expended in funds £ £ (147,937) 192,455 (147,937) 192,455 |
Resources Movement expended in funds £ £ (147,937) 192,455 (147,937) 192,455 |
|---|---|---|---|
| 192,455 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.18 £ 2,193,096 2,193,096 |
Net movement in funds £ (103,876) (103,876) |
At 31.10.19 £ 2,089,220 |
|---|---|---|---|
| 2,089,220 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 212,933 212,933 |
Resources Movement expended in funds £ £ (316,809) (103,876) (316,809) (103,876) |
Resources Movement expended in funds £ £ (316,809) (103,876) (316,809) (103,876) |
|---|---|---|---|
| (103,876) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.18 £ 2,193,096 2,193,096 |
Net movement in funds £ 88,579 88,579 |
At 31.10.20 £ 2,281,675 |
|---|---|---|---|
| 2,281,675 |
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 553,325 553,325 |
Resources Movement expended in funds £ £ (464,746) 88,579 (464,746) 88,579 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2020.
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