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2022-11-30-accounts

THE GOOD LIFE ORPHANAGE & SBM SCHOOL

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED DECEMBER 31 2022

Company number 9318813 Charity number 1160572

THE GOOD LIFE ORPHANAGE & SBM SCHOOL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31 2022

I NDEX

Administrative information 1
Trustees’ and Directors’ annual report 2 – 6
Independent Examiner’s report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 – 14

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022

ADMINISTRATIVE INFORMATION

DIRECTORS Mary Maguire Brendan Maher Matthew Maher Eliot Powell COMPANY SECRETARY Sinead Hayes REGISTERED OFFICE AND No8 New Heys Way PRINCIPAL PLACE OF BUSINESS Harwood Bolton BL2 4AR INDEPENDENT EXAMINER Stacy Mason FCCA AND ACCOUNTNATS HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley – Chartered Accountants Hyde Park House Cartwright Street Sk14 4EH BANKERS Royal Bank of Scotland 45-48 Deansgate Bolton Lancs. BL1 1BH SOLICITORS Brabners LLP Horton House Exchange Flags Liverpool L2 3YL

1

THE GOOD LIFE ORPHANAGE & SBM SCHOOL

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022

The trustees present their annual report together with the financial statements of the charity for the year ended December 31 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2015), referred to as the Charities SORP (FRS 102).

OBJECTIVES AND ACTIVITIES

Charitable objects

Registration history

The company was registered on November 19 2014 and obtained charitable status on February 20th, 2015. It commenced operations in February 2015

Charitable objects

The objects of the charity, which are for the public benefit, are specifically restricted to:

(1) the advancement of the education of the public anywhere in the world, in particular, but without prejudice to the generality of the foregoing, at the good life school in Kenya by providing and assisting in the provision of facilities for education at the school;

(2) to relieve sickness and poverty amongst children and young people through the provision and operation of an orphanage in Kenya;

(3) to advance in life and relieve the needs of young people through (a) the provision of recreational and leisure time activities provided in the interests of social welfare, designed to improve their conditions of life; and/or (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;

(4) for the public benefit, any exclusively charitable purpose according to the law in England and Wales as the trustees shall in their absolute discretion from time to time determine.

Aims

The main aim of the charity is to fundraise in the UK in order to provide funds to support charitable work in Kenya. It does not undertake its own charitable activity but provides financial support to two institutions in Kenya in fulfilment of its charitable purposes. The two institutions it supports in Kenya are The Good Life Orphanage and St Bernadette Mary School.

In order to support the effective use of its funding the charity also provides pro bono administrative support to these two institutions

Activities

The sole activities of the charity this year were connected with fundraising and in the provision of administrative assistance to the above Kenyan institutions

Public benefit

No charges are levied to the children who attend either the school or the orphanage in Kenya. In undertaking their duties, the Trustees of the charity have given due consideration to the Charity Commissions published guidance on public benefit activities

Contribution of volunteers

The charity does not employ staff or engage sub-contractors to undertake its work. It relies entirely on volunteer support. A significant contribution in terms of fundraising organisation, the provision of support to the Kenyan institutions, and general UK administration is provided by the Trustees and persons with who they are connected.

2

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022

ACHIEVEMENTS AND PERFORMANCE

Good Life Orphanage

During 2022, the charity provided funding to support the Good Life Orphanage in Kenya. The orphanage caters for children up to the age of 18 years old. The Orphanage is registered as a Charitable Children’s Institution and the Kenyan Government (Department for Children) refers children to the orphanage.

The funding provided by this charity provides for:

All the children are either orphaned, abandoned or living in a volatile situation where they are in danger, and many are malnourished & abused so the need for specialist care is paramount.

During 2022 we continued to ensure all the children were well cared for in a loving and secure environment. SBM School, our Vocational Training Section and Therapy & Respite Centre continue to flourish with more needy children having access to the facilities.

There are now forty children being supported within their extended families in the community as we are aware that having this link with their families is very important for their stability and development. It is proving to be very positive for the children and their extended families.

St Bernadette Mary School

During the year, the charity provided funding to support the St Bernadette Mary School in Kenya. The school is registered as a private mixed-day school with the Ministry of Education, Science and Technology. The school provided free education for 350 pupils between the ages of 4 years old to 18 years old. 325 children from the surrounding community who live in abject poverty and would otherwise never have attended school along with 12 children from The Good Life Orphanage.

Established in 2012 the school continues to develop and during 2022 employed 13 fully qualified local teachers and a further 7 support staff. It has quickly become a well-respected educational facility with a very high success rate in the annual K.C.P.E. Examination results.

The school performed well in their 2022 K.C.P.E results with a mean score of 330.8, many of the pupils proceeded to high schools throughout Kenya.

High school, vocational education.

Also provided by the funds raised, is sponsored high school education for the top performing pupils from St Bernadette Mary School annually. Without this additional support, it is unlikely that these children would have continued in formal education, because of the unaffordability of the tuition costs for poorer families. This scheme also encourages the other pupils to perform well so they may also receive this sponsorship.

In 2022 the vocational training section was busy with 12 new students joining the tailoring class in January, this is a great opportunity for past pupils who have not performed well in their K.C.P.E Examinations to gain access to learning a trade and supporting themselves.

Hattie’s House Therapy & Respite Centre

We have named this centre after Hattie Dixon who passed away in 2021, it is very successful with over 80 disabled and special needs children attending weekly therapy sessions. We are very keen to expand this facility as there is nothing similar in the area providing assistance to the neediest children.

.

Fundraising progress

There was no annual fundraising event in 2022, the charity continued to receive monthly donations from people which go towards covering some of the annual running costs. We received an annual donation from the Maher Family that covers the operating costs of St Bernadette Mary School. Hattie’s House Therapy & Respite centre also received an annual donation towards operating costs from Edenberg Charitable Trust.

3

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022

FINANCIAL REVIEW

Overview

During the year, the charity successfully raised £270,631 to support its charitable purposes.

Most of the monies raised were remitted to Kenya during the year and costs associated with fundraising and with the administration have been minimal.

Reserves

The Trustees have assessed that the charity’s main requirement for reserves at the date of this report is to provide financial security for the Kenyan school and orphanage. These institutions are wholly reliant on funding from this charity and therefore if this charity’s income reduces then its capacity to support the work in Kenya would, in the absence of reserves, be immediately reduced.

The Trustees have resolved that the appropriate level of free reserves (unrestricted funds not invested in fixed assets or otherwise designated) should be one that is sufficient to fund twelve months' recurring costs of the Kenyan school and orphanage. Based on current operating budgets this equates to circa £100k. At December 31 2022 the free reserves were £289,804. Future grant awards are expected to reduce this towards the target level of free reserves.

Going concern

The charity has not entered into formal commitments to continue to offer grants and has no significant third-party liabilities or significant recurring routine administration costs. Its ability to continue is dependent on it maintaining the trust and goodwill of its donors and on the capacity of its Trustees and supporters to continue their pro-bono work on its behalf

In the opinion of the Trustees, the charity is properly regarded as a going concern.

FUTURE PLANS

The overriding continuing priority for this charity is to underpin its financial capacity to provide the continuing grant support that the Good Life Orphanage and St Bernadette Mary School require.

Over and above this essential requirement the Trustees are very conscious of the desirability of extending the existing work in Kenya so as to provide additional provision with regard to:

4

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its memorandum and articles of association dated November 13 2014. It is a registered charity with the Charity Commission.

Members of the company

There are currently four members of the company who are also Directors and Trustees

Appointment of trustees

The present Directors/Trustees are the company’s initial subscribers. The Articles provide that all directors/trustees should be members and that all members should be directors/trustees.

Directors/trustees retire by rotation and may be reappointed for a three year-term. The board may co-opt up to two directors/trustees and such persons must stand for re-election at the next Annual General meeting.

Trustee induction and training

Directors/trustees are expected to take a close interest in the work of the charity and contribute to its fundraising efforts and/or to its administration. The present directors/trustees were familiar with the project before the company was incorporated a so no induction was required for then. Appropriate induction processes will be devised to reflect any future recruitment of board members.

Organisation

The charity is run on an entirely voluntary basis. There are no paid staff and the main functions of the charity are carried out by the Trustees and by other supporters. The trustees hold formal meetings at least twice a year but collaborate informally more frequently.

The day-to-day oversight of the charity is delegated to Mary Maguire.

Related parties

There is one category of transactions with Trustees that is deemed to be a related party transaction.

There are unrestricted donations made by Trustees or by persons connected with them to the charity – these are disclosed in aggregate Note 15 to the accounts.

Co-operation with other organisations/charities

The charity provides grant support to two independent Kenyan-based organisations.

The Good Life Orphanage P.O. Box 95846 – 80106 Mombasa Coast Province Kenya

The orphanage is registered as a Charitable Children’s Institution with the Ministry of Labour Social Security and Services - Registration No: CS NO.00489

St Bernadette Mary School P.O. Box 627 – 80109 Mtwapa Coast Province Kenya

The school is registered as a basic education institution with the Ministry of Education Science & Technology. - Registration No: 00632

Both these institutions operate from the following address:

Mtepeni Village Mtwapa Kilifi County Coast Province Kenya

5

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2022 TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report] and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time, the financial position of the charitable company and 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY PROVISIONS AND APPROVAL

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

Approved by the Board of Trustees and signed on its behalf by:

Mary Maguire

MARY MAGUIRE

Trustee and Director Date 24[th] September 2023

6

THE GOOD LIFE ORPHANAGE & SBM SCHOOL INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED DECEMBER 31 2022

I report to the charity trustees on my examination of the accounts of the company for the year ended December 31 2022 which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales (ICAEW) 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 that in any material respect:

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

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Stacy Mason

Stacy Mason

For and on behalf of: HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants

Hyde Park House Cartwright Street, Newton Manchester SK14 4EH Date: 24[th] September 2023

7

THE GOOD LIFE ORPHANAGE & SMB SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (incluidng the Icome and Expenditure account) FOR THE YEAR ENDED DECEMBER 31 2022

Notes
Incoming resources from generated funds:
Donations
2
TOTAL INCOME
EXPENDITURE
Cost of Fundraising Event
3
Expenditure on charitable activities
4
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TOTAL FUNDS BROUGHT FORWAR
9
TOTAL FUNDS CARRIED FORWARD
9		 Unrestricted
Funds
£
257,631
 Restricted
Funds
£
13,000		 Total
2022
£
270,631
270,631
1,163
232,274		 Total
2021
£
206,583
257,631 13,000 206,583
1,163
219,274		 -
13,000		 830
120,011
220,437 13,000 233,437 120,841
37,194
252,610		 -
-		 37,194
252,610		 85,742
166,868
289,804 - 289,804 252,610

8

THE GOOD LIFE ORPHANAGE & SMB SCHOOL BALANCE SHEET AS AT DECEMBER 31 2022

Notes
CURRENT ASSETS
Debtors
7
Cash at Bank and in Hand
CREDITORS
Amounts falling due in one year
8
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
9
Restricted
9
TOTAL FUNDS		 2022
£
9,000
282,450		 2022
2021
£
£
9,000
245,256
254,256
1,646
289,804
289,804
289,804
-
289,804		 2021
£
252,610
252,610
291,450
1,646
252,610
-
252,610

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

For the year ending December 31 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.

Directors’ responsibilities

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on pages 13 to 24 form part of these financial statements.

Approved by the Board and authorised for issue on: 24[th] September 2023

And signed on their behalf by:

Company registration number 9318813

9

THE GOOD LIFE ORPHANAGE & SMB SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31 2022

Note
Cash used in operating activities
14
Cashflows from investing activities
Cash provided by/(used in) investing activities
Cashflows from financing activities
Cash used in financing activities
Increase/(decrease) in cash & cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
Cash and cash equivalents consist of:
Cash at bank and in hand		 2022
£
37,194
-
-
37,194
245,256
282,450
282,450
282,450		 2021
£
85,338
-
-
85,338
159,918
245,256
245,256
245,256

10

THE GOOD LIFE ORPHANAGE & SMB SCHOOL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2022

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared: under the historic cost convention; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); FRS102; and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS102.

The accounts are prepared in £ sterling, which is the functional currency.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. The following applies to particular types of income:

Grants , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.

Donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings insofar as that expenditure has been incurred.

Grants payable Grants payable are recognised at the point that a formal commitment is made to the recipient

Costs of raising funds

including those associated with fundraising activities, managing investments and commercial trading by the subsidiary company.

Charitable activities cost of undertaking the work of the charity.

The charity is not registered for VAT and costs are started inclusive of VAT when this has been charged.

Tangible fixed assets and depreciation

Individual fixed assets costing more than £500 are capitalised at cost and are depreciated over their estimated useful lives on a straight-line basis. The charity does not have any fixed assets.

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, subsequently measured at their settlement value.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

11

THE GOOD LIFE ORPHANAGE & SMB SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2022

2022
Unrestricted Restricted
£
£
2 DONATIONS
Unrestricted donations
Trustees and connected parties
30,741
-
Just Giving (Donations)
14,086
-
Donorbox Donations
11,025
-
Edenberg Charitable Trust
-
13,000
Corporate donations
89,956
-
Other donations
57,520
-
Other donations (gift aid)
54,303
-
257,631
13,000
3 FUNDRAISING COSTS
Costs of raising funds
1,163
-
1,163
-
4 CHARITABLE EXPENDITURE
Direct Costs
Other costs relating to GLO & SBM
51,870
-
Sent to Good Life Orphanage
67,906
13,000
Sent to SBM School
78,848
-
High School sponsorship
16,905
-
Support costs & governance
Independent exam fees
1,596
-
Other costs
1,389
-
Bank charges
760
-
219,274
13,000
5 NET INCOMING RESOURCES AFTER TRANSFERS
This is stated after charging/(crediting):
Independent examiner's fees
Trustees' remuneration & expenses
2022 **Unrestricted ** 2021
Restricted		 Total
**Unrestricted ** Restricted Total
£
30,741
14,086
11,025
-
89,956
57,520
54,303		 £
-
-
-
13,000
-
-
-		 £
30,741
14,086
11,025
13,000
89,956
57,520
54,303		 £
31,597
19,353
9,868
-
94,856
30,209
500		 £
-
-
-
20,200
-
-
-		 £
31,597
19,353
9,868
20,200
94,856
30,209
500
257,631 13,000 270,631 186,383 20,200 206,583
1,163 - 1,163 830 - 830
1,163 - 1,163 830 - 830
51,870
67,906
78,848
16,905
1,596
1,389
760		 -
13,000
-
-
-
-
-		 51,870
80,906
78,848
16,905
1,596
1,389
760		 -
34,214
51,734
10,946
864
1,631
422		 -
20,200
-
-
-
-
-		 -
54,414
51,734
10,946
864
1,631
422.00
219,274 13,000 232,274 99,811 20,200 120,011
2022
£
1,596
-		 2021
£
1,596
-

12

THE GOOD LIFE ORPHANAGE & SMB SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2022

6 STAFF INFORMATION
2022
£
a Staff costs
Salaries and wages
-
Employer's NI contributions
-
-
b Key management personal
The trustees manage the charity on a voluntary basis and do not receive any remuneration
7 DEBTORS
Other debtors - Gift aid
9,000
9,000
8 CREDITORS falling due within one year
Accruals
1,596
Funds in trust
50
Just giving fees payable
-
1,646
Funds in trust are analysed as follows:
Balance brought forward
50
Receipts in the year
-
Forwarded to Fr. Dolan
-
50
The funds held in trust refer to the money remitted to the charity, by a friend, for the benefit of Fr. Dolan's
some people in Kenya. This was for the completion of the school renovations, buying furniture and als
people who needed help during Covid -19 pandemic. The charity has no control over these funds and act
custodian, therefore, they are not included in the SOFA. The above balance of £50 that has not yet bee
church and therefore still held in the charity's bank account.		 2021
£
-
-
-
9,000
9,000
1,596
50
-
1,646
50
1,000
(1,000)
50
School and
o to feed the
ed merely as
n sent to the

13

THE GOOD LIFE ORPHANAGE & SMB SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2022

9 STATEMENT OF FUNDS
Unrestricted Funds:
General fund
Restricted funds
Edenberg Charitable Trust
Total funds
Unrestricted Funds:
General fund		 Balance
01/01/2022
£
252,610		 Income
£
270,631		 Expenditure
£
(233,437)
(233,437)
(13,000)

(246,437)		 Transfer
£
-		 Balance
31/12/2022
£
289,804
289,804
-
289,804
252,610 270,631 -
- 13,000
252,610 283,631 -
Balance
01/01/2021
166,868		 Income
226,783		 Expenditure
(141,041)		 Transfer
-
 Balance
31/12/2021
252,610
166,868 226,783 (141,041) - 252,610

14

THE GOOD LIFE ORPHANAGE & SMB SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2022

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at December 31 2022 are represented by:-
Unrestricted Restricted
Funds
Funds
£
£
Tangible fixed assets
-
-
Current assets
291,450
-
Current liabilities
(1,646)
-
289,804
-
CONSTITUTION
TAXATION
CAPITAL COMMITMENTS
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITI
Year ended

Dec 31 2022

£
Net income/(expenditure)
37,194
Add back depreciation
-
Deduct interest income shown in investing activities
-
Deduct profit/add back losses on disposals of FA
-
Decrease/(increase) in debtors
-
Increase/(decrease) in creditors
-
Net cash generated from/(used in) operating activities
37,194
RELATED PARTY TRANSACTIONS
Controlling party
Transactions with directors
Donations and support-in-kind
The Trustees also expended significant time on the business of the charity and also incurred travel and acc
expenses for which they did not seek any recompense
The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.
There were no capital commitments authorised and contacted for at the end of the year (2020: £Nil).
As a charitable company, the members and directors have no personal beneficial interest in the company.
The charity was under the control of its Trustees throughout the period and the preceding period.
During the year, the Trustees (or persons connected with them) made donations of £30,740 (2021:£31
charity. In addition W Maher and Sons Ltd , a company of which Messers Brendan and Mathew Maher (
diretors of, made a donation of £89,856. These donations were all unrestricted and no Trustee received
from their application.
The Company is limited by guarantee and does not have a share capital.
In the event of the Company bei
the members are committed to contributing £1 each.		 Total
£
-
291,450
(1,646)
289,804
ES
Year ended
Dec 31 2021
£
85,742
-
-
-
(500)
96
ng wound up
85,338
ommodation
,503) to the
trustess) are
any benefit
ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at December 31 2022 are represented by:-
Unrestricted Restricted
Funds
Funds
£
£
Tangible fixed assets
-
-
Current assets
291,450
-
Current liabilities
(1,646)
-
289,804
-
CONSTITUTION
TAXATION
CAPITAL COMMITMENTS
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITI
Year ended

Dec 31 2022

£
Net income/(expenditure)
37,194
Add back depreciation
-
Deduct interest income shown in investing activities
-
Deduct profit/add back losses on disposals of FA
-
Decrease/(increase) in debtors
-
Increase/(decrease) in creditors
-
Net cash generated from/(used in) operating activities
37,194
RELATED PARTY TRANSACTIONS
Controlling party
Transactions with directors
Donations and support-in-kind
The Trustees also expended significant time on the business of the charity and also incurred travel and acc
expenses for which they did not seek any recompense
The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.
There were no capital commitments authorised and contacted for at the end of the year (2020: £Nil).
As a charitable company, the members and directors have no personal beneficial interest in the company.
The charity was under the control of its Trustees throughout the period and the preceding period.
During the year, the Trustees (or persons connected with them) made donations of £30,740 (2021:£31
charity. In addition W Maher and Sons Ltd , a company of which Messers Brendan and Mathew Maher (
diretors of, made a donation of £89,856. These donations were all unrestricted and no Trustee received
from their application.
The Company is limited by guarantee and does not have a share capital.
In the event of the Company bei
the members are committed to contributing £1 each.		 Total
£
-
291,450
(1,646)
289,804
ES
Year ended
Dec 31 2021
£
85,742
-
-
-
(500)
96
ng wound up
85,338
ommodation
,503) to the
trustess) are
any benefit

10 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

11 CONSTITUTION

12 TAXATION

13 CAPITAL COMMITMENTS

14 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES

15 RELATED PARTY TRANSACTIONS

(a) Controlling party

(b) Transactions with directors

15