Charity number: 1148546 Company number: 08032424
Evolve Community Limited (A company limited by guarantee)
Trustees' report and financial statements
for the year ended 31 March 2023
Evolve Community Limited (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 - 7 |
| Notes to the financial statements | 8 - 11 |
Evolve Community Limited (A company limited by guarantee)
Legal and administrative information
| Charity number | 1148546 |
|---|---|
| Company registration number | 08032424 |
| Registered office | 11 Buckingham Ave |
| N20 9BU | |
| Trustees | Jason Bennett |
| Nicola Bennett | |
| Secretary | Jason Bennett |
| Accountants | Kleinman Graham |
| Unicorn House | |
| Station Close | |
| Potters Bar | |
| Herts EN6 1TL |
Page 1
Evolve Community Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
The trustees present their report and the financial statements for the year ended 31 March 2023. The trustees, who are also directors of Evolve Community Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Structure
The company is run by the trustee.
Objectives and activities
Objectives
To provide assistance to communities that require it.
Activities
The primary activity was fundarising to send aid to the people of Ukraine
Achievements and performance
Achievements
The chaity send humanitarain aid to Ukraine
Financial review
Financial review
The company remitted any funds raised to Ukraine
Statement of trustees' responsibilities
The trustees (who are also directors of Evolve Community Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
Evolve Community Limited
(A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Jason Bennett Secretary
Page 3
Evolve Community Limited
(A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Evolve Community Limited.
I report on the accounts of Evolve Community Limited for the year ended 31 March 2023 set out on pages 2 to 11.
Respective responsibilities of trustees and independent examiner
As the trustees of the company (and also its directors for purpose of company law) you are responsible for the preparation of the financial statements in accordance with the reqirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that an audit is not required for this year 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 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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not compoly 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
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recomended Practice for accounting and reporting by charities applicable to charities preparing their accounts with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no 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.
...........................................................
P Kleinman FCA
Independent examiner
Page 4
Evolve Community Limited
(A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 March 2023
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 29,484 Investment income 3 27 Total incoming resources 29,511 Resources expended Costs of generating funds: Cost of generating voluntary income 4 25,323 Fundraising trading: cost of goods sold and other costs 5 456 Governance costs 6 2,907 Total resources expended 28,686 Net incoming resources for the year / Net income for the year 825 Total funds brought forward 6,140 Total funds carried forward 6,965 |
2023 Total £ 29,484 27 29,511 25,323 456 2,907 28,686 825 6,140 6,965 |
2022 Total £ 27,811 238 |
|---|---|---|
| 28,049 | ||
| 20,545 - 2,766 |
||
| 23,311 | ||
| 4,738 6,140 |
||
| 10,878 |
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 5
Evolve Community Limited (A company limited by guarantee)
Balance sheet
as at 31 March 2023
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 12 Net assets Funds Total funds |
2023 £ £ 146 18,793 18,793 ) (114 18,679 18,825 ) (7,122 11,703 11,703 |
2022 £ £ 146 20,831 20,831 ) (841 19,990 20,136 ) (9,258 10,878 10,878 |
|---|---|---|
The Balance Sheet continues on the following page.
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 6
Evolve Community Limited (A company limited by guarantee)
Balance sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 31 March 2023
In approving these financial statements as trustees of the company we hereby confirm:
For the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect of accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board on 7 December 2023 and signed on its behalf by:
Jason Bennett Director
The notes on pages 8 to 11 form an integral part of these financial statements.
Page 7
Evolve Community Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Statement of Recomended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
1.2. 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. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Page 8
Evolve Community Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
1.4. 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 less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% straight line
| 2. Voluntary income Unrestricted funds £ Donations 29,484 29,484 3. Investment income Unrestricted funds £ Bank interest receivable 27 Other investment income - 27 4. Cost of generating voluntary income Unrestricted funds £ Donations 15,323 Summer camps 10,000 25,323 5. Fundraising trading Unrestricted funds £ Fundraising events 456 456 |
2023 Total £ 29,484 29,484 2023 Total £ 27 - 27 2023 Total £ 15,323 10,000 25,323 2023 Total £ 456 456 |
2022 Total £ 27,811 |
|---|---|---|
| 27,811 | ||
| 2022 Total £ - 238 |
||
| 238 | ||
| 2022 Total £ - 20,545 |
||
| 20,545 | ||
| 2022 Total £ - |
||
| - |
Page 9
Evolve Community Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
6. Governance costs
| Unrestricted funds £ Interest - Bank loans & overdraft 207 Support - Other motor & travelling costs 1,420 Support - Professional - Legal fees 35 Support - Office expenses - Other 845 Support - Amounts written off investments 400 2,907 |
2023 Total £ 207 1,420 35 845 400 2,907 |
2022 Total £ - 1,977 - 789 - |
|---|---|---|
| 2,766 |
7. Analysis of support costs
| Governance costs £ Motor and travelling costs 1,420 Legal and professional fees 35 Other office expenses 845 Amounts written off investments 400 2,700 |
2023 Total £ 1,420 35 845 400 2,700 |
2022 Total £ 1,977 - 789 - |
|---|---|---|
| 2,766 |
8. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2023 | 2022 |
|---|---|
| Number | Number |
Page 10
Evolve Community Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
9. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
| Fixtures, 10. Tangible fixed assets fittings and equipment £ Cost At 1 April 2022 and At 31 March 2023 146 Net book values At 31 March 2023 146 At 31 March 2022 146 11. Creditors: amounts falling due within one year 2023 £ Bank overdraft 114 12. Creditors: amounts falling due after more than one year 2023 £ Bank loan 7,122 |
Total £ 146 |
|---|---|
| 146 | |
| 146 | |
| 2022 £ 841 |
|
| 2022 £ 9,258 |
13. Company limited by guarantee
Evolve Community Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 11
Evolve Community Limited
(A company limited by guarantee)
The following pages do not form part of the statutory accounts.
Evolve Community Limited (A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 March 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | ||||
| Donations | 29,484 | 27,811 | ||
| 29,484 | 27,811 | |||
| Investment income | ||||
| Bank interest receivable | 27 | - | ||
| Other investment income | - | 238 | ||
| 27 | 238 | |||
| Total incoming resources from generating funds | 29,511 | 28,049 | ||
| Total incoming resources | 29,511 | 28,049 | ||
| Resources expended | ||||
| Costs of generating funds: | ||||
| Cost of generating voluntary income | ||||
| Donations | ||||
| Donations - Establishment - Rent | 10,573 | - | ||
| Donations - Establishment - Other | 4,750 | - | ||
| 15,323 | - | |||
| Summer camps | ||||
| Activity 1 - Purchases | 10,000 | 20,545 | ||
| 10,000 | 20,545 | |||
| Total cost of generating voluntary income | 25,323 | 20,545 | ||
| Fundraising trading: | ||||
| cost of goods sold and other costs | ||||
| Fundraising events | ||||
| Events - Other costs | 456 | - | ||
| 456 | - | |||
| Total fundraising trading | ||||
| cost of goods sold and other costs | 456 | - | ||
| Total costs of generating funds | 25,779 | 20,545 |
Page 13
Evolve Community Limited (A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 March 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Charitable activities | ||||
| Governance costs | ||||
| Activities undertaken directly | ||||
| Interest - Bank loans & overdraft | 207 | - | ||
| 207 | - | |||
| Support costs | ||||
| Support - Other motor & travelling costs | 1,420 | 1,977 | ||
| Support - Professional - Legal fees | 35 | - | ||
| Support - Office expenses - Other | 845 | 789 | ||
| Support - Amounts written off investments | 400 | - | ||
| 2,700 | 2,766 | |||
| Total governance costs | 2,907 | 2,766 | ||
| Net incoming/(outgoing) resources for the year | 825 | 4,738 |
Page 14