REGISTERED COMPANY NUMBER: 09316873 (England and Wales) REGISTERED CHARITY NUMBER: 1170124
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
RELIEFUK LTD
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
RELIEFUK LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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 8 |
RELIEFUK LTD (REGISTERED NUMBER: 09316873)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives are restricted to provide benefit to the public in the following ways:
a. To relieve sickness, preserve health, assist and care for the unwell and otherwise incapacitated individuals particularly but not exclusively in the orthodox Jewish community;
b. To promote and protect the physical and mental health through the provision of financial assistance, support, education and practical advice either generally or individually;
c. To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
During the year the charity held a successful fundraising campaign raising £266,591 to be used to further the charity's charitable objectives.
FINANCIAL REVIEW
Reserves policy
The charity aims to maintain reserves in order that it is in a position to continue to peruse its charitable objectives. The trustees are satisfied that the current level of reserves are sufficient.
FUTURE PLANS
The trustees plan to continue to pursue the charitable objectives of the charity and to ensure that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The company has 3 trustees; names of members are listed below. The charity is organised so that the trustees meet regularly to manage the affairs of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09316873 (England and Wales)
Registered Charity number
1170124
Registered office
First Floor, Winston House 349 Regents Park Road London N3 1DH
Page 1
RELIEFUK LTD (REGISTERED NUMBER: 09316873)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Trustees
Mr M Gluck (resigned 1.1.21) Mr J Stern (resigned 19.11.21) Mr J Ostreicher Mr M Z Weinberg Mr M Mozes (appointed 1.1.21)
Company Secretary
Mr M Mozes (appointed 19.11.21)
Independent Examiner
Mr Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on 31 January 2022 and signed on its behalf by:
................................................................. Mr M Z Weinberg - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RELIEFUK LTD (REGISTERED NUMBER: 09316873)
Independent examiner's report to the trustees of Reliefuk Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales 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:
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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
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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
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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.
Mr Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Date: 31 January 2022
Page 3
RELIEFUK LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 291,117 Investment income 2 - Total 291,117 EXPENDITURE ON Raising funds 23,684 Charitable activities Charitable activities 154,213 Total 177,897 NET INCOME/(EXPENDITURE) 113,220 RECONCILIATION OF FUNDS Total funds brought forward (21,870) TOTAL FUNDS CARRIED FORWARD 91,350 |
2020 Total funds £ 86,025 8 86,033 - 110,666 110,666 (24,633) 2,763 (21,870) |
|---|---|
The notes form part of these financial statements
Page 4
RELIEFUK LTD (REGISTERED NUMBER: 09316873)
BALANCE SHEET 31 MARCH 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 52,730 Cash at bank 141,622 194,352 CREDITORS Amounts falling due within one year 6 (61,336) NET CURRENT ASSETS/(LIABILITIES) 133,016 TOTAL ASSETS LESS CURRENT LIABILITIES 133,016 CREDITORS Amounts falling due after more than one year 7 (41,666) NET ASSETS/(LIABILITIES) 91,350 FUNDS Unrestricted funds 91,350 TOTAL FUNDS 91,350 |
2020 Total funds £ 3,377 586 3,963 (25,833) (21,870) (21,870) - (21,870) (21,870) (21,870) |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:
............................................. Mr M Z Weinberg - Trustee
The notes form part of these financial statements
Page 5
RELIEFUK LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding up is limited to £1.
continued...
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RELIEFUK LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. INVESTMENT INCOME
| Deposit account interest | 2021 2020 £ £ - 8 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| Employees | 3 | 3 | |
| No employees received emoluments in excess of £60,000. | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 52,730 | 3,377 | |
| During the year, an amount of £50,000 was loaned in error to a company of which one of the former trustees is | |||
| director. This has subsequently been repaid with interest. | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 8) | 8,333 | - | |
| Trade creditors | 16,250 | - | |
| Social security and other taxes | 27,568 | 13,653 | |
| Pension | 1,488 | 308 | |
| Other creditors | 6,616 | 6,616 | |
| Net wages | - | 2,017 | |
| Accruals and deferred income | 1,081 | 3,239 | |
| 61,336 | 25,833 |
During the year, an amount of £50,000 was loaned in error to a company of which one of the former trustees is a director. This has subsequently been repaid with interest.
continued...
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RELIEFUK LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 8) 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal |
2021 £ 41,666 2021 £ 8,333 8,333 25,000 8,333 |
2020 £ - 2020 £ - - - - |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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