**REGISTERED CHARITY NUMBER: 1147387** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 4 April 2022** **for** **Raising My Voice Foundation** **Raising My Voice Foundation** ## **Contents of the Financial Statements for the Year Ended 4 April 2022** |||**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|11| |**Detailed Statement of Financial Activities**|12|to|13| **Raising My Voice Foundation** ## **Report of the Trustees for the Year Ended 4 April 2022** The trustees present their report with the financial statements of the charity for the year ended 4 April 2022. 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 £32,915 (2021: - £37,990). This balance includes a restricted fund of £14,447 for the housing project. ## **Going concern** The accounts have been prepared on a going concern basis despite negative unrestricted funds of £47,362 as at the balance sheet date (2021: - £52,437). This is due to the ongoing support and backing from the trustees. ## **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 S Gupta Trustee R Smith -1- **Raising My Voice Foundation** ## **Report of the Trustees for the Year Ended 4 April 2022** ## **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 -2- **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 2022. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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: ............................................. -3- **Raising My Voice Foundation** ## **Statement of Financial Activities for the Year Ended 4 April 2022** |**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
200
-
Other trading activities
2
68,921
-
Other income
3
4,000
-
**Total**
73,121
-
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
4
11,763
-
Other trading activities
19,546
-
31,309
-
**Charitable activities**
General
36,737
-
Other
-
-
**Total**
68,046
-
**NET INCOME**
5,075
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
(52,437)
14,447
**TOTAL FUNDS CARRIED FORWARD**
(47,362)
14,447|**4/4/22**
**4/4/21**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
200
34,776
68,921
24,406
4,000
40,411
73,121
99,593
11,763
6,734
19,546
(1,042)
31,309
5,692
36,737
64,539
-
19,440
68,046
89,671
5,075
9,922
(37,990)
(47,912)
(32,915)
(37,990)| |---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements -4- ## **Raising My Voice Foundation** ## **Balance Sheet 4 April 2022** |**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**FIXED ASSETS**
Tangible assets
7
11,225
-
**CURRENT ASSETS**
Stocks
8
3,000
-
Prepayments and accrued income
432
-
Cash at bank and in hand
10,057
18,666
13,489
18,666
**CREDITORS**
Amounts falling due within one year
9
(67,511)
(4,219)
**NET CURRENT ASSETS/(LIABILITIES)**
(54,022)
14,447
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(42,797)
14,447
**CREDITORS**
Amounts falling due after more than one year
10
(4,565)
-
**NET ASSETS/(LIABILITIES)**
(47,362)
14,447
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**4/4/22**
**Total**
**funds**
**£**
11,225
3,000
432
28,723
32,155
(71,730)
(39,575)
(28,350)
(4,565)
(32,915)
(47,362)
14,447
(32,915)|**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)| |---|---|---| 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 -5- **Raising My Voice Foundation** ## **Notes to the Financial Statements for the Year Ended 4 April 2022** ## **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. -6- continued... **Raising My Voice Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 4 April 2022** ## **2. OTHER TRADING ACTIVITIES** |**2.**|**OTHER TRADING ACTIVITIES**||||||| |---|---|---|---|---|---|---|---| |||||||**4/4/22**|**4/4/21**| |||**Unrestricted**||**Restricted**||**Total**|**Total**| |||**funds**||**funds**||**funds**|**funds**| |||**£**||**£**||**£**|**£**| ||Shop income|68,921|||-|68,921|24,056| ||Dog walking services|-|||-|-|350| |||68,921|||-|68,921|24,406| |**3.**|**OTHER INCOME**||||||| |||||||**4/4/22**|**4/4/21**| |||**Unrestricted**||**Restricted**||**Total**|**Total**| |||**funds**||**funds**||**funds**|**funds**| |||**£**||**£**||**£**|**£**| ||Government grants|4,000|||-|4,000|40,411| ||Government grants of £4,000 were received|during the year|with respect to the Coronavirus||||Restart Gr| ||Government grants have been recognised using|the accruals model.|||||| |**4.**|**RAISING DONATIONS AND LEGACIES**||||||| |||||||**4/4/22**|**4/4/21**| |||**Unrestricted**||**Restricted**||**Total**|**Total**| |||**funds**||**funds**||**funds**|**funds**| |||**£**||**£**||**£**|**£**| ||Support costs|11,763|||-|11,763|6,734| Government grants of £4,000 were received during the year with respect to the Coronavirus Restart Grant. Government grants have been recognised using the accruals model. ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 4 April 2022 nor for the year ended 4 April 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 4 April 2022 nor 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
890
33,886
Other trading activities
24,405
1
Other income
40,411
-
**Total**
65,706
33,887
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
6,734
-
Other trading activities
(1,042)
-
5,692
-|**Total**
**funds**
**£**
34,776
24,406
40,411
99,593
6,734
(1,042)
5,692| |---|---| continued... -7- **Raising My Voice Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 4 April 2022** |**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
**Charitable activities**
General
64,539
-
Other
-
19,440
**Total**
70,231
19,440
**NET INCOME/(EXPENDITURE)**
(4,525)
14,447
**RECONCILIATION OF FUNDS**
Total funds brought forward
(47,912)
-
**TOTAL FUNDS CARRIED FORWARD**
(52,437)
14,447
**7.**
**TANGIBLE FIXED ASSETS**
**Long**
**Motor**
**Computer**
**leasehold**
**vehicles**
**equipment**
**£**
**£**
**£**
**COST**
At 5 April 2021 and 4 April 2022
20,208
1,600
454
**DEPRECIATION**
At 5 April 2021
8,420
233
150
Charge for year
1,684
400
150
At 4 April 2022
10,104
633
300
**NET BOOK VALUE**
At 4 April 2022
10,104
967
154
At 4 April 2021
11,788
1,367
304
**8.**
**STOCKS**
**4/4/22**
**£**
Stocks
3,000|**Total**
**funds**
**£**
64,539
19,440
89,671
9,922
(47,912)
(37,990)
**Totals**
**£**
22,262
8,803
2,234
11,037
11,225
13,459
**4/4/21**
**£**
3,000| |---|---| continued... -8- **Raising My Voice Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 4 April 2022** |**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**4/4/22**
**£**
Bank loans and overdrafts (see note 11)
1,200
Trade creditors
21,719
Other creditors
48,811
71,730
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**4/4/22**
**£**
Bank loans (see note 11)
4,565
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
**4/4/22**
**£**
Amounts falling due within one year on demand:
Bank loans
1,200
Amounts falling between one and two years:
Bank loans - 1-2 years
1,200
Amounts falling due between two and five years:
Bank loans - 2-5 years
3,365
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
-
**12.**
**MOVEMENT IN FUNDS**
**Net**
**movement**
**At 5/4/21**
**in funds**
**£**
**£**
**Unrestricted funds**
Direct charitable expenditure
(52,437)
5,075
**Restricted funds**
Housing project
14,447
-
**TOTAL FUNDS**
(37,990)
5,075|**4/4/21**
**£**
1,000
25,219
54,262
80,481
**4/4/21**
**£**
5,000
**4/4/21**
**£**
1,000
1,000
3,600
400
**At**
**4/4/22**
**£**
(47,362)
14,447
(32,915)| |---|---| continued... -9- **Raising My Voice Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 4 April 2022** ## **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|73,121|(68,046)|5,075| |**TOTAL FUNDS**|73,121|(68,046)|5,075| |**Comparatives for movement in funds**|||| |||**Net**|| |||**movement**|**At**| ||**At 5/4/20**|**in funds**|**4/4/21**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |Direct charitable expenditure|(47,912)|(4,525)|(52,437)| |**Restricted funds**|||| |Housing project|-|14,447|14,447| |**TOTAL FUNDS**|(47,912)|9,922|(37,990)| |Comparative net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|**Movement**| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |Direct charitable expenditure|65,706|(70,231)|(4,525)| |**Restricted funds**|||| |Housing project|33,887|(19,440)|14,447| |**TOTAL FUNDS**|99,593|(89,671)|9,922| continued... -10- **Raising My Voice Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 4 April 2022** ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Net**
**movement**
**At 5/4/20**
**in funds**
**£**
**£**
**Unrestricted funds**
Direct charitable expenditure
(47,912)
550
**Restricted funds**
Housing project
-
14,447
**TOTAL FUNDS**
(47,912)
14,997|**At**
**4/4/22**
**£**
(47,362)
14,447
(32,915)| |---|---| 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|138,827|(138,277)|550| |**Restricted funds**|||| |Housing project|33,887|(19,440)|14,447| |**TOTAL FUNDS**|172,714|(157,717)|14,997| ## **13. RELATED PARTY DISCLOSURES** As at the balance sheet date the Charity owed the trustee, N Kemal, a balance of £38,287 (2021: £43,887). -11- **Raising My Voice Foundation** ## **Detailed Statement of Financial Activities for the Year Ended 4 April 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 4 April 2022**||| |---|---|---| ||**4/4/22**|**4/4/21**| ||**£**|**£**| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|200|34,776| |**Other trading activities**||| |Shop income|68,921|24,056| |Dog walking services|-|350| ||68,921|24,406| |**Other income**||| |Government grants|4,000|40,411| |**Total incoming resources**|73,121|99,593| |**EXPENDITURE**||| |**Other trading activities**||| |Opening stock|3,000|-| |Purchases|19,546|1,958| |Closing stock|(3,000)|(3,000)| ||19,546|(1,042)| |**Charitable activities**||| |Other operating leases|27,143|47,633| |Rates and water|716|251| |Insurance|836|1,720| |Light and heat|3,159|485| |Telephone|1,345|379| |Postage and stationery|55|162| |Sundries|131|149| |Travel|443|2,231| |Computer costs|282|229| |Repairs & renewals|393|6,441| |Depreciation of tangible fixed assets|2,234|2,067| |Loss on sale of tangible fixed assets|-|2,792| ||36,737|64,539| |**Other**||| |Computer costs|-|5,910| |Consultancy|-|12,930| |Legal fees|-|600| ||-|19,440| |**Support costs**||| This page does not form part of the statutory financial statements -12- **Raising My Voice Foundation** ## **Detailed Statement of Financial Activities for the Year Ended 4 April 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 4 April 2022**||| |---|---|---| ||**4/4/22**|**4/4/21**| ||**£**|**£**| |**Support costs**||| |**Finance**||| |Credit card charges|1,929|2,604| |Bank loan interest|124|125| ||2,053|2,729| |**Governance costs**||| |Accountancy and legal fees|9,710|4,005| |Total resources expended|68,046|89,671| |**Net income**|5,075|9,922| This page does not form part of the statutory financial statements -13-