Company Registered number 08109900 ( England and Wales )
## Gift a Smile
Annual Report and Unaudited Financial Statements
for the Year ended 30 June 2024
## **Gift a Smile**
## **Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees' report|2|
|Independent examiner's report|3|
|Statement of financial activites|4|
|Balance sheet|5|
|Notes to the accounts|6|
## **Gift a Smile Company Information**
## **Trustees**
Mr D Prakash Mr R K Singh Dr A Sinha
## **Charity Number**
1164476
## **Company Registration Number**
8109900
## **Independent Examiner**
Mr S Arifeen Arifeen & Co Chartered Certified Accountants 52 Portlland Road Birmingham B16 9HU
## **Registered Office Address**
Furlong Field Penn Lane Solihull West Midlands B94 5HH
1
**Gift a Smile Registered number: 08109900**
## **TRUSTEES' REPORT ( INCLUDING DIRECTORS' REPORT )**
The Trusteess present their Report and financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and " Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ( FRS102 ) ( effective 1 January 2019 )".
## **Objective and activities**
Gift a Smile's aim is to raise funds and support those in need in the local community and in India especially amongst children and the elderly. We look forward to fulfilling our desire of bringing smiles to many a faces in the years to come.
## **Achievements and performance, Financial review, Structure, Governance and Management**
The charity is controlled by its governing documents, a deed of trust and constitues a limited company, limited by guarantee,as defined by the Companies Act 2006. The trustees, who are also the directors for the purposes of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr D Prakash Mr R K Singh Dr A Sinha
The charity continue to perform activities during the year which are in line with it's aim and objectives.
The Trustees's Report was approved by the Board of trustees.
D Prakash Trustee Dated: 1 May 2025
2
**Gift a Smile**
## **Independent Examiner's Report to the Trustees of Gift a Smile**
I report to the trustees on my examination of the financial statements of Gift A Smile (the charity) for the year ended 30 June 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not requires to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed all the applicable 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act;or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other then 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 financial statements have not been prapared 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 (FRS102).
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 financial statements to be reached.
S Arifeen FCCA
Arifeen & Co 52 Portland Road Birmingham B16 9HU
Date: 1 May 2025
3
## **Gift a Smile**
## **Statement of financial activities including income and expenditure account for the year ended 30 June 2024**
|**Unrestricted**
**Funds**
**Notes**
**2024**
**£**
**Income from concert**
2
108,967
Expenditure on concert
4
(98,967)
**Gross Profit**
10,000
Charitable and administrative expenses
(11,201)
**Net loss for the year from charitable activities**
(1,201)
Interest receivable
3
1,102
**Net loss for the year before taxation**
(99)
Tax on income / ( loss )
-
**Net loss for the year after taxation**
(99)|**Unrestricted**
**Funds**
**2023**
**£**
-
-
-
(450)
(450)
303
(147)
-
(147)|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activieies.
The statement of financial activities also complies with the requirements for an income and expenditure account under the companies Act 2006.
4
## **Gift a Smile**
## **Registered number:** 08109900 **Balance Sheet as at 30 June 2024**
|**Notes**
**Current assets**
Debtors
7
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
9
**Net current assets**
**Net assets**
Fund balance as at 1 July 2023
Net income / ( expenditure ) for
the year
Fund balance as at 30 June 2024|**2024**
**£**
50,000
70,297
120,297
(5,622)
114,675
114,675
114,774
(99)
114,675|**2023**
**£**
70,000
49,676
119,676
(4,902)
114,774
114,774
114,921
(147)
114,774|
|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.
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 trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with sections 386 and 387 of the Companies Act 2006 and
(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.
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 trustees on 1 May 2025.
D Prakash Trustee
5
**Gift a Smile Notes to the Accounts for the year ended 30 June 2024**
## **1 Accounting policies**
## **1.1 Accounting Convention**
The financial statements have been prepared in accordance with the charity's governing document, the compnies Act 2006 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 (FRS 102) (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to Prepare a Statements of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going Concern**
At the time of apporving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any perfomance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
## **1.5 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.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
6
**Gift a Smile Notes to the Accounts for the year ended 30 June 2024**
## **1.7 Taxation**
The charity is exempt from corporation tax on its charitable activities.
|**2**
**Charitable activities**
Ticket Sales
**3**
**Investments**
Interest Receivable
**4**
**Charitable and administrative expenses**
Charitable activities
Accountancy
Other administrative expenses|**2024**
**£**
108,967
**Unrestricted**
**Funds**
**2,024**
**£**
1,102
**2024**
**£**
9,999
720
482
11,201|**2023**
**£**
0
**Unrestricted**
**Funds**
**2,023**
**£**
303
**2023**
**£**
450
450|
|---|---|---|
## **5 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **6 Employees**
|The average monthly number of employees during the year was:
Total
**7**
**Debtors**
**Amounts falling due within one year:**
Debtors
Prepayments and accrued income|**2024**
**Number**
0
**2024**
**£**
50,000
-
50,000|**2023**
**Number**
0
**2023**
**£**
70,000
-
70,000|
|---|---|---|
7
## **Gift a Smile Notes to the Accounts for the year ended 30 June 2024**
|**8**|**Loans and Overdrafts**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Trustees' loans|4,500|4,500|
Included in the accounts is a balance of £4,500 due back to the trustees, this is repayable on demand and is interest free.
|**9**
**Creditors: amounts falling due within one year**
Trustees' loans
Accruals and deferred income|**2024**
**£**
4,500
1,122
5,622|**2023**
**£**
4,500
402
4,902|
|---|---|---|
## **10 Related party transactions**
There were no disclosable related party transactions during the year (2023-none).
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