REGISTERED CHARITY NUMBER: 1147387
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 4 April 2021
for
Raising My Voice Foundation
Raising My Voice Foundation
Contents of the Financial Statements for the Year Ended 4 April 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Raising My Voice Foundation
Report of the Trustees for the Year Ended 4 April 2021
The trustees present their report with the financial statements of the charity for the year ended 4 April 2021. 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).
The Charity was founded in December 2011.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity were, in general, to continue to support vulnerable and less able members in the community; act as an advocate and provide advice and guidance; ensure the ongoing self-sufficiency of the Charity.
Public benefit
The Trustees confirm that the Charity Commission's general guidance on public benefit has been considered in relation to the objectives of the Charity.
The objectives, activities, performance and achievement sections of this report clearly set out the activities which the charity undertakes for public benefit. The Trustees confirm that they have complied with their duty in Section 4 of the Charities Act 2006 to have due regard to public benefits guidance published by the Charities Commission in determining the activities undertaken by the Charity.
FINANCIAL REVIEW
Financial position
At the end of the year the charity has negative reserves of £37,990 (2020: - £47,912). This balance includes a restricted fund of £14,447 for the housing project. Negative unrestricted funds therefore total £52,437 as at the balance sheet date.
Going concern
The accounts have been prepared on a going concern basis despite negative unrestricted funds of £52,437 as at the balance sheet date (2020: - £47,912). This is due to the ongoing support and backing from the trustees.
FUTURE PLANS
The Charity will be looking to open a new shop in Sunderland in 2021/22.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1147387
Principal address
46 St James Avenue Whetstone London N20 0JT
Trustees
N Kemal Founder/Chairwoman; Social worker D Duke Trustee (resigned 6/7/2020) S Gupta Trustee R Smith (appointed 6/7/2020)
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Raising My Voice Foundation
Report of the Trustees for the Year Ended 4 April 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Matthew Brown FCA Cartwrights Chartered Accountants and Business Advisors Regency House 33 Wood Street Barnet Hertfordshire EN5 4BE Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... N Kemal - Trustee
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Independent Examiner's Report to the Trustees of Raising My Voice Foundation
Independent examiner's report to the trustees of Raising My Voice Foundation
I report to the charity trustees on my examination of the accounts of Raising My Voice Foundation (the Trust) for the year ended 4 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Matthew Brown FCA Cartwrights Chartered Accountants and Business Advisors Regency House 33 Wood Street Barnet Hertfordshire EN5 4BE
Date: .............................................
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Raising My Voice Foundation
Statement of Financial Activities for the Year Ended 4 April 2021
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 890 33,886 Other trading activities 2 24,406 - Other income 3 40,411 - Total 65,707 33,886 EXPENDITURE ON Raising funds 4 5,692 - Charitable activities General 64,539 - Other 1 19,439 Total 70,232 19,439 NET INCOME/(EXPENDITURE) (4,525) 14,447 RECONCILIATION OF FUNDS Total funds brought forward (47,912) - TOTAL FUNDS CARRIED FORWARD (52,437) 14,447 |
4/4/21 4/4/20 Total Total funds funds £ £ 34,776 5,000 24,406 29,075 40,411 - 99,593 34,075 5,692 2,440 64,539 36,788 19,440 - 89,671 39,228 9,922 (5,153) (47,912) (42,759) (37,990) (47,912) |
|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Raising My Voice Foundation
Balance Sheet 4 April 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 13,459 - CURRENT ASSETS Stocks 8 3,000 - Cash at bank and in hand 8,416 22,616 11,416 22,616 CREDITORS Amounts falling due within one year 9 (72,312) (8,169) NET CURRENT ASSETS/(LIABILITIES) (60,896) 14,447 TOTAL ASSETS LESS CURRENT LIABILITIES (47,437) 14,447 CREDITORS Amounts falling due after more than one year 10 (5,000) - NET ASSETS/(LIABILITIES) (52,437) 14,447 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
4/4/21 Total funds £ 13,459 3,000 31,032 34,032 (80,481) (46,449) (32,990) (5,000) (37,990) (52,437) 14,447 (37,990) |
4/4/20 Total funds £ 16,264 - 336 336 (64,512) (64,176) (47,912) - (47,912) (47,912) - (47,912) |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Kemal - Trustee
The notes form part of these financial statements
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Raising My Voice Foundation
Notes to the Financial Statements for the Year Ended 4 April 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Charitable activities
Charitable activities expenditure has been categorised as follows:
Cost of raising funds - expenditure incurred in generating the Charity income Expenditure on charitable activities - direct charitable expenditure not falling into the cost of raising funds Other expenditure - those items not falling into the categories above
Allocation and apportionment of costs
Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the Charity.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
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continued...
Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
2. OTHER TRADING ACTIVITIES
Unrestricted Restricted funds funds £ £ Shop income 24,056 - Dog walking services 350 - 24,406 - OTHER INCOME Unrestricted Restricted funds funds £ £ Government grants 40,411 - |
4/4/21 Total funds £ 24,056 350 24,406 4/4/21 Total funds £ 40,411 |
4/4/20 Total funds £ 29,075 - |
|---|---|---|
| 29,075 | ||
| 4/4/20 Total funds £ - |
3. OTHER INCOME
Government grants of £40,411 were received during the year with respect to the Retail, Hospitality and Leisure grant and other local government support grants. These have been recognised using the accruals model
4. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||||
|---|---|---|---|---|
| 4/4/21 | 4/4/20 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Support costs | 5,692 | - | 5,692 | 2,440 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 4 April 2021 nor for the year ended 4 April 2020.
Trustee's were paid £5,500 during the year,
Trustees' expenses
There were no trustees' expenses paid for the year ended 4 April 2021 nor for the year ended 4 April 2020.
continued...
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Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,000 - Other trading activities 29,075 - Total 34,075 - EXPENDITURE ON Raising funds 2,440 - Charitable activities General 36,788 - Total 39,228 - NET INCOME/(EXPENDITURE) (5,153) - RECONCILIATION OF FUNDS Total funds brought forward (42,759) - TOTAL FUNDS CARRIED FORWARD (47,912) - |
Total funds £ 5,000 29,075 34,075 2,440 36,788 39,228 (5,153) (42,759) (47,912) |
|---|---|
continued...
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Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
| 7. TANGIBLE FIXED ASSETS Long leasehold £ COST At 5 April 2020 20,208 Additions - Disposals - At 4 April 2021 20,208 DEPRECIATION At 5 April 2020 6,736 Charge for year 1,684 Eliminated on disposal - At 4 April 2021 8,420 NET BOOK VALUE At 4 April 2021 11,788 At 4 April 2020 13,472 8. STOCKS Stocks 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) Trade creditors Other creditors |
Motor Computer vehicles equipment £ £ 4,500 - 1,600 454 (4,500) - 1,600 454 1,708 - 233 150 (1,708) - 233 150 1,367 304 2,792 - 4/4/21 £ 3,000 4/4/21 £ 1,000 25,219 54,262 80,481 |
Totals £ 24,708 2,054 (4,500) 22,262 8,444 2,067 (1,708) 8,803 13,459 16,264 4/4/20 £ - 4/4/20 £ - - 64,512 64,512 |
|---|---|---|
continued...
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Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
| 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 4/4/21 £ Bank loans (see note 11) 5,000 11. LOANS An analysis of the maturity of loans is given below: 4/4/21 £ Amounts falling due within one year on demand: Bank loans 1,000 Amounts falling between one and two years: Bank loans - 1-2 years 1,000 Amounts falling due between two and five years: Bank loans - 2-5 years 3,600 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 400 12. MOVEMENT IN FUNDS Net movement At 5/4/20 in funds £ £ Unrestricted funds Direct charitable expenditure (47,912) (4,525) Restricted funds Housing project - 14,447 TOTAL FUNDS (47,912) 9,922 |
4/4/20 £ - 4/4/20 £ - - - - At 4/4/21 £ (52,437) 14,447 (37,990) |
|---|---|
continued...
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Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Direct charitable expenditure | 65,707 | (70,232) | (4,525) |
| Restricted funds | |||
| Housing project | 33,886 | (19,439) | 14,447 |
| TOTAL FUNDS | 99,593 | (89,671) | 9,922 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 5/4/19 | in funds | 4/4/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Direct charitable expenditure | (42,759) | (5,153) | (47,912) |
| TOTAL FUNDS | (42,759) | (5,153) | (47,912) |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Direct charitable expenditure | 34,075 | (39,228) | (5,153) |
| TOTAL FUNDS | 34,075 | (39,228) | (5,153) |
continued...
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Raising My Voice Foundation
Notes to the Financial Statements - continued for the Year Ended 4 April 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 5/4/19 in funds £ £ Unrestricted funds Direct charitable expenditure (42,759) (9,678) Restricted funds Housing project - 14,447 TOTAL FUNDS (42,759) 4,769 |
At 4/4/21 £ (52,437) 14,447 (37,990) |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Direct charitable expenditure | 99,782 | (109,460) | (9,678) |
| Restricted funds | |||
| Housing project | 33,886 | (19,439) | 14,447 |
| TOTAL FUNDS | 133,668 | (128,899) | 4,769 |
13. RELATED PARTY DISCLOSURES
As at the balance sheet date the Charity owed the trustee, N Kemal, a balance of £43,887 (2020: £56,672).
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Raising My Voice Foundation
Detailed Statement of Financial Activities for the Year Ended 4 April 2021
| Detailed Statement of Financial Activities for the Year Ended 4 April 2021 |
||
|---|---|---|
| 4/4/21 | 4/4/20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 34,776 | 5,000 |
| Other trading activities | ||
| Shop income | 24,056 | 29,075 |
| Dog walking services | 350 | - |
| 24,406 | 29,075 | |
| Other income | ||
| Government grants | 40,411 | - |
| Total incoming resources | 99,593 | 34,075 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 1,958 | - |
| Closing stock | (3,000) | - |
| (1,042) | - | |
| Charitable activities | ||
| Other operating leases | 47,633 | 23,532 |
| Rates and water | 251 | 1,735 |
| Insurance | 1,720 | 1,739 |
| Light and heat | 485 | 1,448 |
| Telephone | 379 | 452 |
| Postage and stationery | 162 | 92 |
| Sundries | 149 | 374 |
| Volunteers' expenses | - | 4,000 |
| Travel | 2,231 | 497 |
| Computer costs | 229 | - |
| Repairs & renewals | 6,441 | 152 |
| Depreciation of tangible fixed assets | 2,067 | 2,767 |
| Loss on sale of tangible fixed assets | 2,792 | - |
| 64,539 | 36,788 | |
| Other | ||
| Computer costs | 5,910 | - |
| Consultancy | 12,930 | - |
| Carried forward | 18,840 | - |
This page does not form part of the statutory financial statements
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Raising My Voice Foundation
Detailed Statement of Financial Activities for the Year Ended 4 April 2021
| Detailed Statement of Financial Activities for the Year Ended 4 April 2021 |
|||
|---|---|---|---|
| 4/4/21 | 4/4/20 | ||
| £ | £ | ||
| Other | |||
| Brought forward | 18,840 | - | |
| Legal fees | 600 | - | |
| 19,440 | - | ||
| Support costs | |||
| Finance | |||
| Credit card charges | 2,604 | 640 | |
| Bank loan interest | 125 | - | |
| 2,729 | 640 | ||
| Governance costs | |||
| Accountancy and legal fees | 4,005 | 1,800 | |
| Total resources expended | 89,671 | 39,228 | |
| Net income/(expenditure) | 9,922 | (5,153) |
This page does not form part of the statutory financial statements
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